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First Watch Restaurant Group, Inc.（FWRG）与Utz Brands, Inc.（UTZ）财务数据对比。点击上方公司名可切换其他公司
Utz Brands, Inc.的季度营收约是First Watch Restaurant Group, Inc.的1.1倍（$361.3M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 2.6%），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% vs -0.2%）
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。
Utz Brands, Inc.常简称为Utz，是总部位于美国宾夕法尼亚州汉诺威的休闲食品企业。该公司主打生产薯片、碱水脆饼等多种休闲食品，大部分产品以旗下品牌矩阵发售，同时也为仓储式会员店和批发商供应休闲零食。
FWRG vs UTZ — 直观对比
营收规模更大
UTZ
是对方的1.1倍
$316.4M
营收增速更快
FWRG
高出17.5%
2.6%
两年增速更快
FWRG
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $361.3M |
| 净利润 | — | — |
| 毛利率 | — | 25.4% |
| 营业利润率 | 2.9% | 2.2% |
| 净利率 | — | — |
| 营收同比 | 20.2% | 2.6% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.24 | $-0.02 |
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FWRGUTZ
| Q1 26 | — | $361.3M | ||
| Q4 25 | $316.4M | — | ||
| Q3 25 | $316.0M | — | ||
| Q2 25 | $307.9M | — | ||
| Q1 25 | $282.2M | — | ||
| Q4 24 | $263.3M | $341.0M | ||
| Q3 24 | $251.6M | $365.5M | ||
| Q2 24 | $258.6M | $356.2M |
净利润FWRGUTZ
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $3.0M | — | ||
| Q2 25 | $2.1M | — | ||
| Q1 25 | $-829.0K | — | ||
| Q4 24 | — | $2.3M | ||
| Q3 24 | $2.1M | $-2.2M | ||
| Q2 24 | $8.9M | $19.8M |
毛利率FWRGUTZ
| Q1 26 | — | 25.4% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | — | 26.7% |
营业利润率FWRGUTZ
| Q1 26 | — | 2.2% | ||
| Q4 25 | 2.9% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 1.5% | 2.1% | ||
| Q3 24 | 2.5% | 5.3% | ||
| Q2 24 | 6.4% | 6.3% |
净利率FWRGUTZ
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | -0.3% | — | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 0.8% | -0.6% | ||
| Q2 24 | 3.4% | 5.6% |
每股收益（稀释后）FWRGUTZ
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.05 | — | ||
| Q2 25 | $0.03 | — | ||
| Q1 25 | $-0.01 | — | ||
| Q4 24 | $0.01 | $0.04 | ||
| Q3 24 | $0.03 | $-0.03 | ||
| Q2 24 | $0.14 | $0.23 |
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 | $73.7M |
| 总债务越低越好 | $269.1M | — |
| 股东权益账面价值 | $626.3M | $709.5M |
| 总资产 | $1.7B | $2.8B |
| 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FWRGUTZ
| Q1 26 | — | $73.7M | ||
| Q4 25 | $21.2M | — | ||
| Q3 25 | $20.7M | — | ||
| Q2 25 | $19.2M | — | ||
| Q1 25 | $18.6M | — | ||
| Q4 24 | $33.3M | $56.1M | ||
| Q3 24 | $51.1M | $64.9M | ||
| Q2 24 | $45.1M | $66.6M |
总债务FWRGUTZ
| Q1 26 | — | — | ||
| Q4 25 | $269.1M | — | ||
| Q3 25 | $251.0M | — | ||
| Q2 25 | $250.0M | — | ||
| Q1 25 | $191.5M | — | ||
| Q4 24 | $189.0M | $768.6M | ||
| Q3 24 | $189.7M | $780.8M | ||
| Q2 24 | $192.1M | $797.6M |
股东权益FWRGUTZ
| Q1 26 | — | $709.5M | ||
| Q4 25 | $626.3M | — | ||
| Q3 25 | $607.3M | — | ||
| Q2 25 | $601.3M | — | ||
| Q1 25 | $596.3M | — | ||
| Q4 24 | $595.4M | $696.9M | ||
| Q3 24 | $589.1M | $685.7M | ||
| Q2 24 | $585.8M | $686.0M |
总资产FWRGUTZ
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $2.7B | ||
| Q3 24 | $1.5B | $2.6B | ||
| Q2 24 | $1.4B | $2.7B |
负债/权益比FWRGUTZ
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | 1.10× | ||
| Q3 24 | 0.32× | 1.14× | ||
| Q2 24 | 0.33× | 1.16× |
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 | $-12.2M |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | — |
| 自由现金流率自由现金流/营收 | -5.8% | — |
| 资本支出强度资本支出/营收 | 11.6% | 3.8% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流FWRGUTZ
| Q1 26 | — | $-12.2M | ||
| Q4 25 | $18.5M | — | ||
| Q3 25 | $47.9M | — | ||
| Q2 25 | $39.4M | — | ||
| Q1 25 | $20.1M | — | ||
| Q4 24 | $22.9M | $54.2M | ||
| Q3 24 | $35.9M | $52.2M | ||
| Q2 24 | $31.9M | $8.9M |
自由现金流FWRGUTZ
| Q1 26 | — | — | ||
| Q4 25 | $-18.3M | — | ||
| Q3 25 | $5.5M | — | ||
| Q2 25 | $-1.7M | — | ||
| Q1 25 | $-16.4M | — | ||
| Q4 24 | $-17.7M | $16.5M | ||
| Q3 24 | $6.8M | $29.1M | ||
| Q2 24 | $2.3M | $-15.3M |
自由现金流率FWRGUTZ
| Q1 26 | — | — | ||
| Q4 25 | -5.8% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | -0.5% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | -6.7% | 4.8% | ||
| Q3 24 | 2.7% | 8.0% | ||
| Q2 24 | 0.9% | -4.3% |
资本支出强度FWRGUTZ
| Q1 26 | — | 3.8% | ||
| Q4 25 | 11.6% | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 15.4% | 11.1% | ||
| Q3 24 | 11.6% | 6.3% | ||
| Q2 24 | 11.5% | 6.8% |
现金转化率FWRGUTZ
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 16.01× | — | ||
| Q2 25 | 18.72× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 23.67× | ||
| Q3 24 | 16.98× | — | ||
| Q2 24 | 3.59× | 0.45× |
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% |
UTZ
暂无分部数据
