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First Watch Restaurant Group, Inc.（FWRG）与Walker & Dunlop, Inc.（WD）财务数据对比。点击上方公司名可切换其他公司
Walker & Dunlop, Inc.的季度营收约是First Watch Restaurant Group, Inc.的1.1倍（$340.0M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs -0.4%），First Watch Restaurant Group, Inc.自由现金流更多（$-18.3M vs $-680.1M），过去两年Walker & Dunlop, Inc.的营收复合增速更高（22.1% vs 14.2%）
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。
Walker & Dunlop, Inc.是美国乃至全球规模领先的商业地产金融与咨询服务机构，为客户提供覆盖商业地产领域的多元金融解决方案及专业咨询服务，业务辐射全球多个市场，在行业内拥有深厚的资源积累与广泛的市场认可度。
FWRG vs WD — 直观对比
营收规模更大
WD
是对方的1.1倍
$316.4M
营收增速更快
FWRG
高出20.6%
-0.4%
自由现金流更多
FWRG
多$661.7M
$-680.1M
两年增速更快
WD
近两年复合增速
14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $316.4M | $340.0M |
| 净利润 | — | $-13.9M |
| 毛利率 | — | — |
| 营业利润率 | 2.9% | -17.2% |
| 净利率 | — | -12.9% |
| 营收同比 | 20.2% | -0.4% |
| 净利润同比 | — | -131.0% |
| 每股收益（稀释后） | $0.24 | $-0.41 |
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FWRGWD
| Q4 25 | $316.4M | $340.0M | ||
| Q3 25 | $316.0M | $337.7M | ||
| Q2 25 | $307.9M | $319.2M | ||
| Q1 25 | $282.2M | $237.4M | ||
| Q4 24 | $263.3M | $341.5M | ||
| Q3 24 | $251.6M | $292.3M | ||
| Q2 24 | $258.6M | $270.7M | ||
| Q1 24 | $242.4M | $228.1M |
净利润FWRGWD
| Q4 25 | — | $-13.9M | ||
| Q3 25 | $3.0M | $33.5M | ||
| Q2 25 | $2.1M | $34.0M | ||
| Q1 25 | $-829.0K | $2.8M | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | $2.1M | $28.8M | ||
| Q2 24 | $8.9M | $22.7M | ||
| Q1 24 | $7.2M | $11.9M |
营业利润率FWRGWD
| Q4 25 | 2.9% | -17.2% | ||
| Q3 25 | 3.2% | 13.6% | ||
| Q2 25 | 2.4% | 14.5% | ||
| Q1 25 | 0.4% | 2.2% | ||
| Q4 24 | 1.5% | 15.3% | ||
| Q3 24 | 2.5% | 12.8% | ||
| Q2 24 | 6.4% | 10.4% | ||
| Q1 24 | 5.1% | 6.0% |
净利率FWRGWD
| Q4 25 | — | -12.9% | ||
| Q3 25 | 0.9% | 9.9% | ||
| Q2 25 | 0.7% | 10.6% | ||
| Q1 25 | -0.3% | 1.2% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | 0.8% | 9.9% | ||
| Q2 24 | 3.4% | 8.4% | ||
| Q1 24 | 3.0% | 5.2% |
每股收益（稀释后）FWRGWD
| Q4 25 | $0.24 | $-0.41 | ||
| Q3 25 | $0.05 | $0.98 | ||
| Q2 25 | $0.03 | $0.99 | ||
| Q1 25 | $-0.01 | $0.08 | ||
| Q4 24 | $0.01 | $1.32 | ||
| Q3 24 | $0.03 | $0.85 | ||
| Q2 24 | $0.14 | $0.67 | ||
| Q1 24 | $0.12 | $0.35 |
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 | $299.3M |
| 总债务越低越好 | $269.1M | — |
| 股东权益账面价值 | $626.3M | $1.7B |
| 总资产 | $1.7B | $5.1B |
| 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FWRGWD
| Q4 25 | $21.2M | $299.3M | ||
| Q3 25 | $20.7M | $274.8M | ||
| Q2 25 | $19.2M | $233.7M | ||
| Q1 25 | $18.6M | $181.0M | ||
| Q4 24 | $33.3M | $279.3M | ||
| Q3 24 | $51.1M | $179.8M | ||
| Q2 24 | $45.1M | $208.1M | ||
| Q1 24 | $43.2M | $216.5M |
总债务FWRGWD
| 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FWRGWD
| Q4 25 | $626.3M | $1.7B | ||
| Q3 25 | $607.3M | $1.8B | ||
| Q2 25 | $601.3M | $1.8B | ||
| Q1 25 | $596.3M | $1.7B | ||
| Q4 24 | $595.4M | $1.7B | ||
| Q3 24 | $589.1M | $1.7B | ||
| Q2 24 | $585.8M | $1.7B | ||
| Q1 24 | $574.4M | $1.7B |
总资产FWRGWD
| Q4 25 | $1.7B | $5.1B | ||
| Q3 25 | $1.7B | $5.8B | ||
| Q2 25 | $1.7B | $4.7B | ||
| Q1 25 | $1.5B | $4.5B | ||
| Q4 24 | $1.5B | $4.4B | ||
| Q3 24 | $1.5B | $4.6B | ||
| Q2 24 | $1.4B | $4.2B | ||
| Q1 24 | $1.3B | $3.8B |
负债/权益比FWRGWD
| 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 | $-664.3M |
| 自由现金流经营现金流 - 资本支出 | $-18.3M | $-680.1M |
| 自由现金流率自由现金流/营收 | -5.8% | -200.0% |
| 资本支出强度资本支出/营收 | 11.6% | 4.6% |
| 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 | $-2.2B |
8季度趋势，按日历期对齐
经营现金流FWRGWD
| Q4 25 | $18.5M | $-664.3M | ||
| Q3 25 | $47.9M | $-948.1M | ||
| Q2 25 | $39.4M | $-238.5M | ||
| Q1 25 | $20.1M | $-281.1M | ||
| Q4 24 | $22.9M | $129.4M | ||
| Q3 24 | $35.9M | $-202.0M | ||
| Q2 24 | $31.9M | $-237.8M | ||
| Q1 24 | $25.0M | $38.4M |
自由现金流FWRGWD
| Q4 25 | $-18.3M | $-680.1M | ||
| Q3 25 | $5.5M | $-950.4M | ||
| Q2 25 | $-1.7M | $-241.0M | ||
| Q1 25 | $-16.4M | $-284.7M | ||
| Q4 24 | $-17.7M | $116.4M | ||
| Q3 24 | $6.8M | $-204.0M | ||
| Q2 24 | $2.3M | $-241.7M | ||
| Q1 24 | $-3.6M | $35.2M |
自由现金流率FWRGWD
| Q4 25 | -5.8% | -200.0% | ||
| Q3 25 | 1.7% | -281.5% | ||
| Q2 25 | -0.5% | -75.5% | ||
| Q1 25 | -5.8% | -120.0% | ||
| Q4 24 | -6.7% | 34.1% | ||
| Q3 24 | 2.7% | -69.8% | ||
| Q2 24 | 0.9% | -89.3% | ||
| Q1 24 | -1.5% | 15.4% |
资本支出强度FWRGWD
| Q4 25 | 11.6% | 4.6% | ||
| Q3 25 | 13.4% | 0.7% | ||
| Q2 25 | 13.4% | 0.8% | ||
| Q1 25 | 13.0% | 1.5% | ||
| Q4 24 | 15.4% | 3.8% | ||
| Q3 24 | 11.6% | 0.7% | ||
| Q2 24 | 11.5% | 1.4% | ||
| Q1 24 | 11.8% | 1.4% |
现金转化率FWRGWD
| Q4 25 | — | — | ||
| Q3 25 | 16.01× | -28.34× | ||
| Q2 25 | 18.72× | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 16.98× | -7.01× | ||
| Q2 24 | 3.59× | -10.49× | ||
| Q1 24 | 3.46× | 3.24× |
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% |
WD
暂无分部数据
