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传奇娱乐（ACEL）与Ultragenyx Pharmaceutical Inc.（RARE）财务数据对比。点击上方公司名可切换其他公司
传奇娱乐的季度营收约是Ultragenyx Pharmaceutical Inc.的1.6倍（$341.4M vs $207.3M），传奇娱乐净利率更高（4.7% vs -62.0%，领先66.8%），Ultragenyx Pharmaceutical Inc.同比增速更快（25.9% vs 7.5%），传奇娱乐自由现金流更多（$16.0M vs $-100.8M），过去两年Ultragenyx Pharmaceutical Inc.的营收复合增速更高（38.0% vs 6.4%）
传奇娱乐是一家美国大众传媒与电影制作公司，总部位于加利福尼亚州伯班克，由托马斯·图尔于2000年创立。该公司长期与华纳兄弟影业、环球影业、索尼影视、派拉蒙影业等主流制片厂，以及网飞、葫芦等流媒体平台展开合作。
Ultragenyx Pharmaceutical Inc.是一家总部位于美国的生物制药企业，专注于研发罕见病和超罕见遗传病的创新治疗方案，这类疾病目前大多无获批疗法，存在大量未被满足的临床需求。公司覆盖生物制剂、小分子药物、基因疗法、反义寡核苷酸及mRNA等多种药物技术平台，研发管线涵盖骨骼、内分泌、代谢、肌肉及中枢神经系统疾病领域。
ACEL vs RARE — 直观对比
营收规模更大
ACEL
是对方的1.6倍
$207.3M
营收增速更快
RARE
高出18.4%
7.5%
净利率更高
ACEL
高出66.8%
-62.0%
自由现金流更多
ACEL
多$116.7M
$-100.8M
两年增速更快
RARE
近两年复合增速
6.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $341.4M | $207.3M |
| 净利润 | $16.2M | $-128.6M |
| 毛利率 | — | — |
| 营业利润率 | 8.7% | -54.7% |
| 净利率 | 4.7% | -62.0% |
| 营收同比 | 7.5% | 25.9% |
| 净利润同比 | 93.3% | 3.5% |
| 每股收益（稀释后） | $0.19 | $-1.28 |
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ACELRARE
| Q4 25 | $341.4M | $207.3M | ||
| Q3 25 | $329.7M | $159.9M | ||
| Q2 25 | $335.9M | $166.5M | ||
| Q1 25 | $323.9M | $139.3M | ||
| Q4 24 | $317.5M | $164.6M | ||
| Q3 24 | $302.2M | $139.5M | ||
| Q2 24 | $309.4M | $147.0M | ||
| Q1 24 | $301.8M | $108.8M |
净利润ACELRARE
| Q4 25 | $16.2M | $-128.6M | ||
| Q3 25 | $13.4M | $-180.4M | ||
| Q2 25 | $7.3M | $-115.0M | ||
| Q1 25 | $14.6M | $-151.1M | ||
| Q4 24 | $8.4M | $-133.2M | ||
| Q3 24 | $4.9M | $-133.5M | ||
| Q2 24 | $14.6M | $-131.6M | ||
| Q1 24 | $7.4M | $-170.7M |
营业利润率ACELRARE
| Q4 25 | 8.7% | -54.7% | ||
| Q3 25 | 7.7% | -106.9% | ||
| Q2 25 | 8.0% | -64.8% | ||
| Q1 25 | 8.0% | -102.6% | ||
| Q4 24 | 6.5% | -74.3% | ||
| Q3 24 | 7.2% | -94.6% | ||
| Q2 24 | 7.3% | -79.1% | ||
| Q1 24 | 8.5% | -151.9% |
净利率ACELRARE
| Q4 25 | 4.7% | -62.0% | ||
| Q3 25 | 4.1% | -112.8% | ||
| Q2 25 | 2.2% | -69.0% | ||
| Q1 25 | 4.5% | -108.5% | ||
| Q4 24 | 2.6% | -80.9% | ||
| Q3 24 | 1.6% | -95.7% | ||
| Q2 24 | 4.7% | -89.5% | ||
| Q1 24 | 2.5% | -156.8% |
每股收益（稀释后）ACELRARE
| Q4 25 | $0.19 | $-1.28 | ||
| Q3 25 | $0.16 | $-1.81 | ||
| Q2 25 | $0.08 | $-1.17 | ||
| Q1 25 | $0.17 | $-1.57 | ||
| Q4 24 | $0.09 | $-1.34 | ||
| Q3 24 | $0.06 | $-1.40 | ||
| Q2 24 | $0.17 | $-1.52 | ||
| Q1 24 | $0.09 | $-2.03 |
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 | $296.6M | $421.0M |
| 总债务越低越好 | $607.4M | — |
| 股东权益账面价值 | $269.7M | $-80.0M |
| 总资产 | $1.1B | $1.5B |
| 负债/权益比越低杠杆越低 | 2.25× | — |
8季度趋势，按日历期对齐
现金及短期投资ACELRARE
| Q4 25 | $296.6M | $421.0M | ||
| Q3 25 | $290.2M | $202.5M | ||
| Q2 25 | $264.6M | $176.3M | ||
| Q1 25 | $271.9M | $127.1M | ||
| Q4 24 | $281.3M | $174.0M | ||
| Q3 24 | $265.1M | $150.6M | ||
| Q2 24 | $254.9M | $480.7M | ||
| Q1 24 | $253.9M | $112.3M |
总债务ACELRARE
| Q4 25 | $607.4M | — | ||
| Q3 25 | $595.4M | — | ||
| Q2 25 | $595.5M | — | ||
| Q1 25 | $580.7M | — | ||
| Q4 24 | $595.4M | — | ||
| Q3 24 | $554.1M | — | ||
| Q2 24 | $565.7M | — | ||
| Q1 24 | $539.9M | — |
股东权益ACELRARE
| Q4 25 | $269.7M | $-80.0M | ||
| Q3 25 | $267.1M | $9.2M | ||
| Q2 25 | $260.5M | $151.3M | ||
| Q1 25 | $259.1M | $144.2M | ||
| Q4 24 | $255.0M | $255.0M | ||
| Q3 24 | $206.7M | $346.8M | ||
| Q2 24 | $209.1M | $432.4M | ||
| Q1 24 | $202.1M | $140.3M |
总资产ACELRARE
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $950.2M | $1.5B | ||
| Q2 24 | $950.3M | $1.6B | ||
| Q1 24 | $919.1M | $1.3B |
负债/权益比ACELRARE
| Q4 25 | 2.25× | — | ||
| Q3 25 | 2.23× | — | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.24× | — | ||
| Q4 24 | 2.33× | — | ||
| Q3 24 | 2.68× | — | ||
| Q2 24 | 2.71× | — | ||
| Q1 24 | 2.67× | — |
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 | $31.1M | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $-100.8M |
| 自由现金流率自由现金流/营收 | 4.7% | -48.6% |
| 资本支出强度资本支出/营收 | 4.4% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.92× | — |
| 过去12个月自由现金流最近4个季度 | $62.0M | $-472.0M |
8季度趋势，按日历期对齐
经营现金流ACELRARE
| Q4 25 | $31.1M | $-99.8M | ||
| Q3 25 | $55.2M | $-91.4M | ||
| Q2 25 | $19.8M | $-108.3M | ||
| Q1 25 | $44.8M | $-166.5M | ||
| Q4 24 | $13.5M | $-79.3M | ||
| Q3 24 | $50.1M | $-67.0M | ||
| Q2 24 | $28.9M | $-77.0M | ||
| Q1 24 | $28.8M | $-190.7M |
自由现金流ACELRARE
| Q4 25 | $16.0M | $-100.8M | ||
| Q3 25 | $34.2M | $-92.7M | ||
| Q2 25 | $-6.2M | $-110.7M | ||
| Q1 25 | $18.0M | $-167.8M | ||
| Q4 24 | $2.1M | $-79.5M | ||
| Q3 24 | $33.1M | $-68.6M | ||
| Q2 24 | $11.4M | $-79.0M | ||
| Q1 24 | $8.1M | $-193.9M |
自由现金流率ACELRARE
| Q4 25 | 4.7% | -48.6% | ||
| Q3 25 | 10.4% | -58.0% | ||
| Q2 25 | -1.9% | -66.5% | ||
| Q1 25 | 5.6% | -120.5% | ||
| Q4 24 | 0.7% | -48.3% | ||
| Q3 24 | 11.0% | -49.2% | ||
| Q2 24 | 3.7% | -53.7% | ||
| Q1 24 | 2.7% | -178.2% |
资本支出强度ACELRARE
| Q4 25 | 4.4% | 0.5% | ||
| Q3 25 | 6.4% | 0.8% | ||
| Q2 25 | 7.8% | 1.5% | ||
| Q1 25 | 8.3% | 1.0% | ||
| Q4 24 | 3.6% | 0.1% | ||
| Q3 24 | 5.6% | 1.2% | ||
| Q2 24 | 5.7% | 1.4% | ||
| Q1 24 | 6.8% | 3.0% |
现金转化率ACELRARE
| Q4 25 | 1.92× | — | ||
| Q3 25 | 4.13× | — | ||
| Q2 25 | 2.71× | — | ||
| Q1 25 | 3.06× | — | ||
| Q4 24 | 1.62× | — | ||
| Q3 24 | 10.23× | — | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 3.88× | — |
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
ACEL
| Video Gaming | $319.1M | 93% |
| ATM Fees And Other Revenue | $13.5M | 4% |
| Amusement | $5.3M | 2% |
| Manufacturing | $3.6M | 1% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
