vs
First Watch Restaurant Group, Inc.（FWRG）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是First Watch Restaurant Group, Inc.的1.5倍（$461.6M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 17.0%），RBC Bearings INC自由现金流更多（$99.1M vs $-18.3M），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs 5.6%）
该企业原信息存在公司混淆错误，实际First Watch Restaurant Group是美国餐饮集团，主打鲜制早餐、早午餐与午餐，在美国多个州运营自营与特许加盟餐厅，聚焦日间休闲餐饮市场，为消费者提供新鲜健康的美式餐食选择。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
FWRG vs RBC — 直观对比
营收规模更大
RBC
是对方的1.5倍
$316.4M
营收增速更快
FWRG
高出3.1%
17.0%
自由现金流更多
RBC
多$117.4M
$-18.3M
两年增速更快
FWRG
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $461.6M |
| 净利润 | — | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 2.9% | 22.3% |
| 净利率 | — | 14.6% |
| 营收同比 | 20.2% | 17.0% |
| 净利润同比 | — | 16.4% |
| 每股收益（稀释后） | $0.24 | $2.13 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FWRGRBC
| Q4 25 | $316.4M | $461.6M | ||
| Q3 25 | $316.0M | $455.3M | ||
| Q2 25 | $307.9M | $436.0M | ||
| Q1 25 | $282.2M | $437.7M | ||
| Q4 24 | $263.3M | $394.4M | ||
| Q3 24 | $251.6M | $397.9M | ||
| Q2 24 | $258.6M | $406.3M | ||
| Q1 24 | $242.4M | $413.7M |
净利润FWRGRBC
| Q4 25 | — | $67.4M | ||
| Q3 25 | $3.0M | $60.0M | ||
| Q2 25 | $2.1M | $68.5M | ||
| Q1 25 | $-829.0K | $72.7M | ||
| Q4 24 | — | $57.9M | ||
| Q3 24 | $2.1M | $54.2M | ||
| Q2 24 | $8.9M | $61.4M | ||
| Q1 24 | $7.2M | — |
毛利率FWRGRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率FWRGRBC
| Q4 25 | 2.9% | 22.3% | ||
| Q3 25 | 3.2% | 21.5% | ||
| Q2 25 | 2.4% | 23.2% | ||
| Q1 25 | 0.4% | 23.0% | ||
| Q4 24 | 1.5% | 21.7% | ||
| Q3 24 | 2.5% | 21.6% | ||
| Q2 24 | 6.4% | 24.0% | ||
| Q1 24 | 5.1% | 22.8% |
净利率FWRGRBC
| Q4 25 | — | 14.6% | ||
| Q3 25 | 0.9% | 13.2% | ||
| Q2 25 | 0.7% | 15.7% | ||
| Q1 25 | -0.3% | 16.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | 0.8% | 13.6% | ||
| Q2 24 | 3.4% | 15.1% | ||
| Q1 24 | 3.0% | — |
每股收益（稀释后）FWRGRBC
| Q4 25 | $0.24 | $2.13 | ||
| Q3 25 | $0.05 | $1.90 | ||
| Q2 25 | $0.03 | $2.17 | ||
| Q1 25 | $-0.01 | $2.33 | ||
| Q4 24 | $0.01 | $1.82 | ||
| Q3 24 | $0.03 | $1.65 | ||
| Q2 24 | $0.14 | $1.90 | ||
| Q1 24 | $0.12 | $1.92 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $21.2M | $107.6M |
| 总债务越低越好 | $269.1M | $990.2M |
| 股东权益账面价值 | $626.3M | $3.3B |
| 总资产 | $1.7B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资FWRGRBC
| Q4 25 | $21.2M | $107.6M | ||
| Q3 25 | $20.7M | $91.2M | ||
| Q2 25 | $19.2M | $132.9M | ||
| Q1 25 | $18.6M | $36.8M | ||
| Q4 24 | $33.3M | — | ||
| Q3 24 | $51.1M | — | ||
| Q2 24 | $45.1M | $76.8M | ||
| Q1 24 | $43.2M | $63.5M |
总债务FWRGRBC
| Q4 25 | $269.1M | $990.2M | ||
| Q3 25 | $251.0M | $1.1B | ||
| Q2 25 | $250.0M | $915.6M | ||
| Q1 25 | $191.5M | $920.1M | ||
| Q4 24 | $189.0M | — | ||
| Q3 24 | $189.7M | — | ||
| Q2 24 | $192.1M | — | ||
| Q1 24 | $122.7M | $1.2B |
股东权益FWRGRBC
| Q4 25 | $626.3M | $3.3B | ||
| Q3 25 | $607.3M | $3.2B | ||
| Q2 25 | $601.3M | $3.1B | ||
| Q1 25 | $596.3M | $3.0B | ||
| Q4 24 | $595.4M | $2.9B | ||
| Q3 24 | $589.1M | $2.9B | ||
| Q2 24 | $585.8M | $2.8B | ||
| Q1 24 | $574.4M | $2.8B |
总资产FWRGRBC
| Q4 25 | $1.7B | $5.1B | ||
| Q3 25 | $1.7B | $5.1B | ||
| Q2 25 | $1.7B | $4.8B | ||
| Q1 25 | $1.5B | $4.7B | ||
| Q4 24 | $1.5B | $4.7B | ||
| Q3 24 | $1.5B | $4.7B | ||
| Q2 24 | $1.4B | $4.7B | ||
| Q1 24 | $1.3B | $4.7B |
负债/权益比FWRGRBC
| Q4 25 | 0.43× | 0.30× | ||
| Q3 25 | 0.41× | 0.34× | ||
| Q2 25 | 0.42× | 0.29× | ||
| Q1 25 | 0.32× | 0.30× | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | 0.21× | 0.43× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $18.5M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | $99.1M |
| 自由现金流率自由现金流/营收 | -5.8% | 21.5% |
| 资本支出强度资本支出/营收 | 11.6% | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 过去12个月自由现金流最近4个季度 | $-31.0M | — |
8季度趋势，按日历期对齐
经营现金流FWRGRBC
| Q4 25 | $18.5M | $122.1M | ||
| Q3 25 | $47.9M | $88.4M | ||
| Q2 25 | $39.4M | $120.0M | ||
| Q1 25 | $20.1M | — | ||
| Q4 24 | $22.9M | $84.0M | ||
| Q3 24 | $35.9M | — | ||
| Q2 24 | $31.9M | $97.4M | ||
| Q1 24 | $25.0M | — |
自由现金流FWRGRBC
| Q4 25 | $-18.3M | $99.1M | ||
| Q3 25 | $5.5M | $71.7M | ||
| Q2 25 | $-1.7M | $104.3M | ||
| Q1 25 | $-16.4M | — | ||
| Q4 24 | $-17.7M | $73.6M | ||
| Q3 24 | $6.8M | — | ||
| Q2 24 | $2.3M | $88.4M | ||
| Q1 24 | $-3.6M | — |
自由现金流率FWRGRBC
| Q4 25 | -5.8% | 21.5% | ||
| Q3 25 | 1.7% | 15.7% | ||
| Q2 25 | -0.5% | 23.9% | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | -6.7% | 18.7% | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 0.9% | 21.8% | ||
| Q1 24 | -1.5% | — |
资本支出强度FWRGRBC
| Q4 25 | 11.6% | 5.0% | ||
| Q3 25 | 13.4% | 3.7% | ||
| Q2 25 | 13.4% | 3.6% | ||
| Q1 25 | 13.0% | 3.2% | ||
| Q4 24 | 15.4% | 2.6% | ||
| Q3 24 | 11.6% | 4.1% | ||
| Q2 24 | 11.5% | 2.2% | ||
| Q1 24 | 11.8% | — |
现金转化率FWRGRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | 16.01× | 1.47× | ||
| Q2 25 | 18.72× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 16.98× | — | ||
| Q2 24 | 3.59× | 1.59× | ||
| Q1 24 | 3.46× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FWRG
| In Restaurant Dining Sales | $254.1M | 80% |
| Third Party Delivery Sales | $38.6M | 12% |
| Take Out Sales | $21.3M | 7% |
| Royalty And System Fund Contributions | $2.3M | 1% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
