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Sweetgreen, Inc.（SG）与Wingstop Inc.（WING）财务数据对比。点击上方公司名可切换其他公司
Wingstop Inc.的季度营收约是Sweetgreen, Inc.的1.1倍（$175.7M vs $155.2M），Wingstop Inc.净利率更高（15.2% vs -32.0%，领先47.3%），Wingstop Inc.同比增速更快（8.6% vs -3.5%），Wingstop Inc.自由现金流更多（$34.5M vs $-39.0M），过去两年Wingstop Inc.的营收复合增速更高（9.8% vs -0.8%）
Sweetgreen是美国一家主打沙拉产品的休闲快餐连锁品牌，由三位创始人于2006年11月创立。三位创始人从乔治城大学麦克唐纳商学院毕业三个月后，于2007年8月在华盛顿特区开设了品牌第一家门店，目前在北美多地拥有门店布局。
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。
SG vs WING — 直观对比
营收规模更大
WING
是对方的1.1倍
$155.2M
营收增速更快
WING
高出12.1%
-3.5%
净利率更高
WING
高出47.3%
-32.0%
自由现金流更多
WING
多$73.5M
$-39.0M
两年增速更快
WING
近两年复合增速
-0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $155.2M | $175.7M |
| 净利润 | $-49.7M | $26.8M |
| 毛利率 | — | — |
| 营业利润率 | -31.0% | 26.7% |
| 净利率 | -32.0% | 15.2% |
| 营收同比 | -3.5% | 8.6% |
| 净利润同比 | -71.3% | 0.0% |
| 每股收益（稀释后） | $-0.42 | $0.99 |
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SGWING
| Q4 25 | $155.2M | $175.7M | ||
| Q3 25 | $172.4M | $175.7M | ||
| Q2 25 | $185.6M | $174.3M | ||
| Q1 25 | $166.3M | $171.1M | ||
| Q4 24 | $160.9M | $161.8M | ||
| Q3 24 | $173.4M | $162.5M | ||
| Q2 24 | $184.6M | $155.7M | ||
| Q1 24 | $157.8M | $145.8M |
净利润SGWING
| Q4 25 | $-49.7M | $26.8M | ||
| Q3 25 | $-36.1M | $28.5M | ||
| Q2 25 | $-23.2M | $26.8M | ||
| Q1 25 | $-25.0M | $92.3M | ||
| Q4 24 | $-29.0M | $26.8M | ||
| Q3 24 | $-20.8M | $25.7M | ||
| Q2 24 | $-14.5M | $27.5M | ||
| Q1 24 | $-26.1M | $28.7M |
毛利率SGWING
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | — | 85.4% | ||
| Q1 24 | — | 85.4% |
营业利润率SGWING
| Q4 25 | -31.0% | 26.7% | ||
| Q3 25 | -21.0% | 27.9% | ||
| Q2 25 | -14.2% | 25.9% | ||
| Q1 25 | -17.2% | 22.4% | ||
| Q4 24 | -19.5% | 25.9% | ||
| Q3 24 | -12.2% | 24.5% | ||
| Q2 24 | -8.8% | 26.5% | ||
| Q1 24 | -17.1% | 29.3% |
净利率SGWING
| Q4 25 | -32.0% | 15.2% | ||
| Q3 25 | -21.0% | 16.2% | ||
| Q2 25 | -12.5% | 15.4% | ||
| Q1 25 | -15.1% | 53.9% | ||
| Q4 24 | -18.0% | 16.5% | ||
| Q3 24 | -12.0% | 15.8% | ||
| Q2 24 | -7.8% | 17.7% | ||
| Q1 24 | -16.5% | 19.7% |
每股收益（稀释后）SGWING
| Q4 25 | $-0.42 | $0.99 | ||
| Q3 25 | $-0.31 | $1.02 | ||
| Q2 25 | $-0.20 | $0.96 | ||
| Q1 25 | $-0.21 | $3.24 | ||
| Q4 24 | $-0.25 | $0.91 | ||
| Q3 24 | $-0.18 | $0.88 | ||
| Q2 24 | $-0.13 | $0.93 | ||
| Q1 24 | $-0.23 | $0.98 |
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 | $89.2M | $196.6M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $356.1M | $-736.8M |
| 总资产 | $788.1M | $693.4M |
| 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SGWING
| Q4 25 | $89.2M | $196.6M | ||
| Q3 25 | $130.0M | $237.6M | ||
| Q2 25 | $168.5M | $227.9M | ||
| Q1 25 | $183.9M | $251.4M | ||
| Q4 24 | $214.8M | $315.9M | ||
| Q3 24 | $234.6M | $84.0M | ||
| Q2 24 | $244.6M | $96.7M | ||
| Q1 24 | $243.8M | $108.3M |
总债务SGWING
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SGWING
| Q4 25 | $356.1M | $-736.8M | ||
| Q3 25 | $393.3M | $-702.6M | ||
| Q2 25 | $423.3M | $-686.0M | ||
| Q1 25 | $432.8M | $-715.0M | ||
| Q4 24 | $446.1M | $-675.6M | ||
| Q3 24 | $463.3M | $-447.5M | ||
| Q2 24 | $470.1M | $-437.5M | ||
| Q1 24 | $470.3M | $-434.4M |
总资产SGWING
| Q4 25 | $788.1M | $693.4M | ||
| Q3 25 | $824.8M | $721.0M | ||
| Q2 25 | $831.9M | $708.3M | ||
| Q1 25 | $834.3M | $696.8M | ||
| Q4 24 | $856.8M | $716.2M | ||
| Q3 24 | $858.0M | $484.8M | ||
| Q2 24 | $859.2M | $451.8M | ||
| Q1 24 | $842.7M | $412.3M |
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 | $-8.7M | $57.3M |
| 自由现金流经营现金流 - 资本支出 | $-39.0M | $34.5M |
| 自由现金流率自由现金流/营收 | -25.1% | 19.6% |
| 资本支出强度资本支出/营收 | 19.6% | 13.0% |
| 现金转化率经营现金流/净利润 | — | 2.14× |
| 过去12个月自由现金流最近4个季度 | $-119.2M | $105.6M |
8季度趋势，按日历期对齐
经营现金流SGWING
| Q4 25 | $-8.7M | $57.3M | ||
| Q3 25 | $-1.4M | $63.9M | ||
| Q2 25 | $10.5M | $6.6M | ||
| Q1 25 | $-13.1M | $25.3M | ||
| Q4 24 | $6.1M | $7.7M | ||
| Q3 24 | $14.7M | $69.0M | ||
| Q2 24 | $19.1M | $36.2M | ||
| Q1 24 | $3.4M | $44.7M |
自由现金流SGWING
| Q4 25 | $-39.0M | $34.5M | ||
| Q3 25 | $-37.2M | $61.7M | ||
| Q2 25 | $-13.1M | $-7.8M | ||
| Q1 25 | $-29.9M | $17.3M | ||
| Q4 24 | $-20.6M | $-8.6M | ||
| Q3 24 | $-10.3M | $54.9M | ||
| Q2 24 | $-156.0K | $25.9M | ||
| Q1 24 | $-10.0M | $33.5M |
自由现金流率SGWING
| Q4 25 | -25.1% | 19.6% | ||
| Q3 25 | -21.6% | 35.1% | ||
| Q2 25 | -7.1% | -4.5% | ||
| Q1 25 | -18.0% | 10.1% | ||
| Q4 24 | -12.8% | -5.3% | ||
| Q3 24 | -6.0% | 33.8% | ||
| Q2 24 | -0.1% | 16.6% | ||
| Q1 24 | -6.3% | 23.0% |
资本支出强度SGWING
| Q4 25 | 19.6% | 13.0% | ||
| Q3 25 | 20.8% | 1.3% | ||
| Q2 25 | 12.7% | 8.2% | ||
| Q1 25 | 10.1% | 4.7% | ||
| Q4 24 | 16.6% | 10.1% | ||
| Q3 24 | 14.4% | 8.7% | ||
| Q2 24 | 10.4% | 6.6% | ||
| Q1 24 | 8.5% | 7.7% |
现金转化率SGWING
| Q4 25 | — | 2.14× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 2.68× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | — | 1.55× |
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
SG
暂无分部数据
WING
| Royalty | $73.7M | 42% |
| Advertising | $61.4M | 35% |
| Franchisor Owned Outlet | $32.4M | 18% |
| Other | $6.4M | 4% |
| Franchise | $1.8M | 1% |
