vs
First Watch Restaurant Group, Inc.（FWRG）与Real Brokerage Inc（REAX）财务数据对比。点击上方公司名可切换其他公司
Real Brokerage Inc的季度营收约是First Watch Restaurant Group, Inc.的1.8倍（$568.5M vs $316.4M），Real Brokerage Inc同比增速更快（52.6% vs 20.2%），Real Brokerage Inc自由现金流更多（$8.4M vs $-18.3M）
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。
该企业是美国房产服务企业，主营房产经纪业务运营与品牌特许经营，业务覆盖房产中介、 relocation服务、产权服务、保险及结算服务，旗下拥有Better Homes and Gardens Real Estate、21世纪不动产、Coldwell Banker、Corcoran Group、ERA房地产以及苏富比国际地产等多个知名品牌，2026年被Compass, Inc.收购。
FWRG vs REAX — 直观对比
营收规模更大
REAX
是对方的1.8倍
$316.4M
营收增速更快
REAX
高出32.5%
20.2%
自由现金流更多
REAX
多$26.8M
$-18.3M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $568.5M |
| 净利润 | — | $-447.0K |
| 毛利率 | — | 7.9% |
| 营业利润率 | 2.9% | -0.1% |
| 净利率 | — | -0.1% |
| 营收同比 | 20.2% | 52.6% |
| 净利润同比 | — | 82.7% |
| 每股收益（稀释后） | $0.24 | $0.00 |
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FWRGREAX
| Q4 25 | $316.4M | — | ||
| Q3 25 | $316.0M | $568.5M | ||
| Q2 25 | $307.9M | $540.7M | ||
| Q1 25 | $282.2M | $354.0M | ||
| Q4 24 | $263.3M | — | ||
| Q3 24 | $251.6M | $372.5M | ||
| Q2 24 | $258.6M | — | ||
| Q1 24 | $242.4M | $200.7M |
净利润FWRGREAX
| Q4 25 | — | — | ||
| Q3 25 | $3.0M | $-447.0K | ||
| Q2 25 | $2.1M | $1.5M | ||
| Q1 25 | $-829.0K | $-5.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.1M | $-2.6M | ||
| Q2 24 | $8.9M | — | ||
| Q1 24 | $7.2M | $-16.1M |
毛利率FWRGREAX
| Q4 25 | — | — | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.3% |
营业利润率FWRGREAX
| Q4 25 | 2.9% | — | ||
| Q3 25 | 3.2% | -0.1% | ||
| Q2 25 | 2.4% | 0.3% | ||
| Q1 25 | 0.4% | -1.5% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 2.5% | -0.7% | ||
| Q2 24 | 6.4% | — | ||
| Q1 24 | 5.1% | -7.8% |
净利率FWRGREAX
| Q4 25 | — | — | ||
| Q3 25 | 0.9% | -0.1% | ||
| Q2 25 | 0.7% | 0.3% | ||
| Q1 25 | -0.3% | -1.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.8% | -0.7% | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 3.0% | -8.0% |
每股收益（稀释后）FWRGREAX
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.05 | $0.00 | ||
| Q2 25 | $0.03 | $0.01 | ||
| Q1 25 | $-0.01 | $-0.02 | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $0.03 | $-0.01 | ||
| Q2 24 | $0.14 | — | ||
| Q1 24 | $0.12 | $-0.09 |
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 | $38.7M |
| 总债务越低越好 | $269.1M | — |
| 股东权益账面价值 | $626.3M | $53.6M |
| 总资产 | $1.7B | $145.2M |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资FWRGREAX
| Q4 25 | $21.2M | — | ||
| Q3 25 | $20.7M | $38.7M | ||
| Q2 25 | $19.2M | $49.7M | ||
| Q1 25 | $18.6M | $24.7M | ||
| Q4 24 | $33.3M | — | ||
| Q3 24 | $51.1M | $22.6M | ||
| Q2 24 | $45.1M | — | ||
| Q1 24 | $43.2M | $20.1M |
总债务FWRGREAX
| Q4 25 | $269.1M | — | ||
| Q3 25 | $251.0M | — | ||
| Q2 25 | $250.0M | — | ||
| Q1 25 | $191.5M | — | ||
| Q4 24 | $189.0M | — | ||
| Q3 24 | $189.7M | — | ||
| Q2 24 | $192.1M | — | ||
| Q1 24 | $122.7M | — |
股东权益FWRGREAX
| Q4 25 | $626.3M | — | ||
| Q3 25 | $607.3M | $53.6M | ||
| Q2 25 | $601.3M | $49.2M | ||
| Q1 25 | $596.3M | $32.8M | ||
| Q4 24 | $595.4M | — | ||
| Q3 24 | $589.1M | $29.8M | ||
| Q2 24 | $585.8M | — | ||
| Q1 24 | $574.4M | $25.6M |
总资产FWRGREAX
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $145.2M | ||
| Q2 25 | $1.7B | $149.4M | ||
| Q1 25 | $1.5B | $100.5M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | $102.5M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.3B | — |
负债/权益比FWRGREAX
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | 0.21× | — |
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 | $8.8M |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | $8.4M |
| 自由现金流率自由现金流/营收 | -5.8% | 1.5% |
| 资本支出强度资本支出/营收 | 11.6% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-31.0M | $71.7M |
8季度趋势，按日历期对齐
经营现金流FWRGREAX
| Q4 25 | $18.5M | — | ||
| Q3 25 | $47.9M | $8.8M | ||
| Q2 25 | $39.4M | $41.0M | ||
| Q1 25 | $20.1M | $15.9M | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $35.9M | $7.2M | ||
| Q2 24 | $31.9M | — | ||
| Q1 24 | $25.0M | $21.5M |
自由现金流FWRGREAX
| Q4 25 | $-18.3M | — | ||
| Q3 25 | $5.5M | $8.4M | ||
| Q2 25 | $-1.7M | $40.8M | ||
| Q1 25 | $-16.4M | $15.7M | ||
| Q4 24 | $-17.7M | — | ||
| Q3 24 | $6.8M | $6.8M | ||
| Q2 24 | $2.3M | — | ||
| Q1 24 | $-3.6M | $21.4M |
自由现金流率FWRGREAX
| Q4 25 | -5.8% | — | ||
| Q3 25 | 1.7% | 1.5% | ||
| Q2 25 | -0.5% | 7.5% | ||
| Q1 25 | -5.8% | 4.4% | ||
| Q4 24 | -6.7% | — | ||
| Q3 24 | 2.7% | 1.8% | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | -1.5% | 10.7% |
资本支出强度FWRGREAX
| Q4 25 | 11.6% | — | ||
| Q3 25 | 13.4% | 0.1% | ||
| Q2 25 | 13.4% | 0.0% | ||
| Q1 25 | 13.0% | 0.1% | ||
| Q4 24 | 15.4% | — | ||
| Q3 24 | 11.6% | 0.1% | ||
| Q2 24 | 11.5% | — | ||
| Q1 24 | 11.8% | 0.0% |
现金转化率FWRGREAX
| Q4 25 | — | — | ||
| Q3 25 | 16.01× | — | ||
| Q2 25 | 18.72× | 27.13× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.98× | — | ||
| Q2 24 | 3.59× | — | ||
| 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% |
REAX
暂无分部数据
