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J&J SNACK FOODS CORP（JJSF）与Wingstop Inc.（WING）财务数据对比。点击上方公司名可切换其他公司
J&J SNACK FOODS CORP的季度营收约是Wingstop Inc.的1.9倍（$343.8M vs $183.7M），Wingstop Inc.净利率更高（16.3% vs 0.3%，领先16.0%），Wingstop Inc.同比增速更快（7.4% vs -5.2%），过去两年Wingstop Inc.的营收复合增速更高（8.6% vs -2.2%）
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
Wingstop Inc.是美国知名跨国快餐连锁品牌，核心产品为布法罗鸡翅，旗下门店均采用20世纪30至40年代喷气时代前的航空主题装饰风格，目前业务已覆盖全球多个国家和地区。
JJSF vs WING — 直观对比
营收规模更大
JJSF
是对方的1.9倍
$183.7M
营收增速更快
WING
高出12.6%
-5.2%
净利率更高
WING
高出16.0%
0.3%
两年增速更快
WING
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $343.8M | $183.7M |
| 净利润 | $883.0K | $29.9M |
| 毛利率 | 27.9% | 86.5% |
| 营业利润率 | 0.2% | 27.4% |
| 净利率 | 0.3% | 16.3% |
| 营收同比 | -5.2% | 7.4% |
| 净利润同比 | -82.8% | — |
| 每股收益（稀释后） | $0.05 | $1.08 |
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JJSFWING
| Q1 26 | — | $183.7M | ||
| Q4 25 | $343.8M | $175.7M | ||
| Q3 25 | $410.2M | $175.7M | ||
| Q2 25 | $454.3M | $174.3M | ||
| Q1 25 | $356.1M | $171.1M | ||
| Q4 24 | $362.6M | $161.8M | ||
| Q3 24 | $426.8M | $162.5M | ||
| Q2 24 | $440.0M | $155.7M |
净利润JJSFWING
| Q1 26 | — | $29.9M | ||
| Q4 25 | $883.0K | $26.8M | ||
| Q3 25 | $11.4M | $28.5M | ||
| Q2 25 | $44.2M | $26.8M | ||
| Q1 25 | $4.8M | $92.3M | ||
| Q4 24 | $5.1M | $26.8M | ||
| Q3 24 | $29.6M | $25.7M | ||
| Q2 24 | $36.3M | $27.5M |
毛利率JJSFWING
| Q1 26 | — | 86.5% | ||
| Q4 25 | 27.9% | — | ||
| Q3 25 | 31.7% | — | ||
| Q2 25 | 33.0% | — | ||
| Q1 25 | 26.9% | — | ||
| Q4 24 | 25.9% | 85.6% | ||
| Q3 24 | 31.8% | 85.0% | ||
| Q2 24 | 33.6% | 85.4% |
营业利润率JJSFWING
| Q1 26 | — | 27.4% | ||
| Q4 25 | 0.2% | 26.7% | ||
| Q3 25 | 2.8% | 27.9% | ||
| Q2 25 | 13.3% | 25.9% | ||
| Q1 25 | 1.7% | 22.4% | ||
| Q4 24 | 1.7% | 25.9% | ||
| Q3 24 | 9.3% | 24.5% | ||
| Q2 24 | 11.4% | 26.5% |
净利率JJSFWING
| Q1 26 | — | 16.3% | ||
| Q4 25 | 0.3% | 15.2% | ||
| Q3 25 | 2.8% | 16.2% | ||
| Q2 25 | 9.7% | 15.4% | ||
| Q1 25 | 1.4% | 53.9% | ||
| Q4 24 | 1.4% | 16.5% | ||
| Q3 24 | 6.9% | 15.8% | ||
| Q2 24 | 8.3% | 17.7% |
每股收益（稀释后）JJSFWING
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.05 | $0.99 | ||
| Q3 25 | $0.59 | $1.02 | ||
| Q2 25 | $2.26 | $0.96 | ||
| Q1 25 | $0.25 | $3.24 | ||
| Q4 24 | $0.26 | $0.91 | ||
| Q3 24 | $1.52 | $0.88 | ||
| Q2 24 | $1.87 | $0.93 |
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 | $66.8M | $128.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $912.9M | — |
| 总资产 | $1.3B | $648.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资JJSFWING
| Q1 26 | — | $128.8M | ||
| Q4 25 | $66.8M | $196.6M | ||
| Q3 25 | $105.9M | $237.6M | ||
| Q2 25 | $77.4M | $227.9M | ||
| Q1 25 | $48.5M | $251.4M | ||
| Q4 24 | $73.6M | $315.9M | ||
| Q3 24 | $73.4M | $84.0M | ||
| Q2 24 | $64.0M | $96.7M |
总债务JJSFWING
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益JJSFWING
| Q1 26 | — | — | ||
| Q4 25 | $912.9M | $-736.8M | ||
| Q3 25 | $966.7M | $-702.6M | ||
| Q2 25 | $969.9M | $-686.0M | ||
| Q1 25 | $935.0M | $-715.0M | ||
| Q4 24 | $946.8M | $-675.6M | ||
| Q3 24 | $957.0M | $-447.5M | ||
| Q2 24 | $937.9M | $-437.5M |
总资产JJSFWING
| Q1 26 | — | $648.9M | ||
| Q4 25 | $1.3B | $693.4M | ||
| Q3 25 | $1.4B | $721.0M | ||
| Q2 25 | $1.4B | $708.3M | ||
| Q1 25 | $1.4B | $696.8M | ||
| Q4 24 | $1.3B | $716.2M | ||
| Q3 24 | $1.4B | $484.8M | ||
| Q2 24 | $1.4B | $451.8M |
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 | $36.0M | — |
| 自由现金流经营现金流 - 资本支出 | $17.0M | — |
| 自由现金流率自由现金流/营收 | 4.9% | — |
| 资本支出强度资本支出/营收 | 5.5% | — |
| 现金转化率经营现金流/净利润 | 40.73× | — |
| 过去12个月自由现金流最近4个季度 | $83.1M | — |
8季度趋势，按日历期对齐
经营现金流JJSFWING
| Q1 26 | — | — | ||
| Q4 25 | $36.0M | $57.3M | ||
| Q3 25 | $66.4M | $63.9M | ||
| Q2 25 | $51.2M | $6.6M | ||
| Q1 25 | $12.3M | $25.3M | ||
| Q4 24 | $35.2M | $7.7M | ||
| Q3 24 | $46.3M | $69.0M | ||
| Q2 24 | $65.0M | $36.2M |
自由现金流JJSFWING
| Q1 26 | — | — | ||
| Q4 25 | $17.0M | $34.5M | ||
| Q3 25 | $44.8M | $61.7M | ||
| Q2 25 | $28.5M | $-7.8M | ||
| Q1 25 | $-7.2M | $17.3M | ||
| Q4 24 | $16.1M | $-8.6M | ||
| Q3 24 | $29.1M | $54.9M | ||
| Q2 24 | $45.3M | $25.9M |
自由现金流率JJSFWING
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 19.6% | ||
| Q3 25 | 10.9% | 35.1% | ||
| Q2 25 | 6.3% | -4.5% | ||
| Q1 25 | -2.0% | 10.1% | ||
| Q4 24 | 4.4% | -5.3% | ||
| Q3 24 | 6.8% | 33.8% | ||
| Q2 24 | 10.3% | 16.6% |
资本支出强度JJSFWING
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 13.0% | ||
| Q3 25 | 5.3% | 1.3% | ||
| Q2 25 | 5.0% | 8.2% | ||
| Q1 25 | 5.5% | 4.7% | ||
| Q4 24 | 5.3% | 10.1% | ||
| Q3 24 | 4.0% | 8.7% | ||
| Q2 24 | 4.5% | 6.6% |
现金转化率JJSFWING
| Q1 26 | — | — | ||
| Q4 25 | 40.73× | 2.14× | ||
| Q3 25 | 5.84× | 2.24× | ||
| Q2 25 | 1.16× | 0.25× | ||
| Q1 25 | 2.55× | 0.27× | ||
| Q4 24 | 6.84× | 0.29× | ||
| Q3 24 | 1.56× | 2.68× | ||
| Q2 24 | 1.79× | 1.32× |
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
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 3% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
