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传奇娱乐（ACEL）与Sphere Entertainment Co.（SPHR）财务数据对比。点击上方公司名可切换其他公司
Sphere Entertainment Co.的季度营收约是传奇娱乐的1.2倍（$393.8M vs $341.4M）。Sphere Entertainment Co.净利率更高（16.4% vs 4.7%，领先11.7%）。过去两年Sphere Entertainment Co.的营收复合增速更高（12.1% 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。
Sphere Entertainment Co.是总部位于纽约的美国娱乐控股企业，由查尔斯·多兰家族掌控，旗下拥有位于内华达州拉斯维加斯谷帕拉代斯的Sphere演艺场馆，以及总部位于纽约的区域体育网络连锁品牌MSG Networks。
ACEL vs SPHR — 直观对比
营收规模更大
SPHR
是对方的1.2倍
$341.4M
净利率更高
SPHR
高出11.7%
4.7%
两年增速更快
SPHR
近两年复合增速
6.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $341.4M | $393.8M |
| 净利润 | $16.2M | $64.7M |
| 毛利率 | — | — |
| 营业利润率 | 8.7% | 7.3% |
| 净利率 | 4.7% | 16.4% |
| 营收同比 | 7.5% | — |
| 净利润同比 | 93.3% | — |
| 每股收益（稀释后） | $0.19 | $2.42 |
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ACELSPHR
| Q4 25 | $341.4M | $393.8M | ||
| Q3 25 | $329.7M | $262.1M | ||
| Q2 25 | $335.9M | $282.2M | ||
| Q1 25 | $323.9M | $280.1M | ||
| Q4 24 | $317.5M | — | ||
| Q3 24 | $302.2M | $227.1M | ||
| Q2 24 | $309.4M | $272.6M | ||
| Q1 24 | $301.8M | $320.6M |
净利润ACELSPHR
| Q4 25 | $16.2M | $64.7M | ||
| Q3 25 | $13.4M | $-101.2M | ||
| Q2 25 | $7.3M | $151.8M | ||
| Q1 25 | $14.6M | $-82.0M | ||
| Q4 24 | $8.4M | — | ||
| Q3 24 | $4.9M | $-105.3M | ||
| Q2 24 | $14.6M | $-46.6M | ||
| Q1 24 | $7.4M | $-47.2M |
营业利润率ACELSPHR
| Q4 25 | 8.7% | 7.3% | ||
| Q3 25 | 7.7% | -49.5% | ||
| Q2 25 | 8.0% | -17.8% | ||
| Q1 25 | 8.0% | -28.1% | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 7.2% | -51.8% | ||
| Q2 24 | 7.3% | -66.3% | ||
| Q1 24 | 8.5% | -12.6% |
净利率ACELSPHR
| Q4 25 | 4.7% | 16.4% | ||
| Q3 25 | 4.1% | -38.6% | ||
| Q2 25 | 2.2% | 53.8% | ||
| Q1 25 | 4.5% | -29.3% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 1.6% | -46.4% | ||
| Q2 24 | 4.7% | -17.1% | ||
| Q1 24 | 2.5% | -14.7% |
每股收益（稀释后）ACELSPHR
| Q4 25 | $0.19 | $2.42 | ||
| Q3 25 | $0.16 | $-2.80 | ||
| Q2 25 | $0.08 | $3.39 | ||
| Q1 25 | $0.17 | $-2.27 | ||
| Q4 24 | $0.09 | — | ||
| Q3 24 | $0.06 | $-2.95 | ||
| Q2 24 | $0.17 | $-1.33 | ||
| Q1 24 | $0.09 | $-1.33 |
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 | — |
| 总债务越低越好 | $607.4M | $692.7M |
| 股东权益账面价值 | $269.7M | $2.2B |
| 总资产 | $1.1B | $4.2B |
| 负债/权益比越低杠杆越低 | 2.25× | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资ACELSPHR
| Q4 25 | $296.6M | — | ||
| Q3 25 | $290.2M | $384.8M | ||
| Q2 25 | $264.6M | $355.7M | ||
| Q1 25 | $271.9M | $465.0M | ||
| Q4 24 | $281.3M | — | ||
| Q3 24 | $265.1M | — | ||
| Q2 24 | $254.9M | $559.8M | ||
| Q1 24 | $253.9M | — |
总债务ACELSPHR
| Q4 25 | $607.4M | $692.7M | ||
| Q3 25 | $595.4M | $733.8M | ||
| Q2 25 | $595.5M | $743.8M | ||
| Q1 25 | $580.7M | $1.3B | ||
| Q4 24 | $595.4M | — | ||
| Q3 24 | $554.1M | $1.4B | ||
| Q2 24 | $565.7M | $1.4B | ||
| Q1 24 | $539.9M | $1.4B |
股东权益ACELSPHR
| Q4 25 | $269.7M | $2.2B | ||
| Q3 25 | $267.1M | $2.2B | ||
| Q2 25 | $260.5M | $2.3B | ||
| Q1 25 | $259.1M | $2.1B | ||
| Q4 24 | $255.0M | — | ||
| Q3 24 | $206.7M | $2.3B | ||
| Q2 24 | $209.1M | $2.4B | ||
| Q1 24 | $202.1M | $2.4B |
总资产ACELSPHR
| Q4 25 | $1.1B | $4.2B | ||
| Q3 25 | $1.1B | $4.1B | ||
| Q2 25 | $1.1B | $4.2B | ||
| Q1 25 | $1.0B | $4.4B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $950.2M | $4.6B | ||
| Q2 24 | $950.3M | — | ||
| Q1 24 | $919.1M | $4.9B |
负债/权益比ACELSPHR
| Q4 25 | 2.25× | 0.31× | ||
| Q3 25 | 2.23× | 0.34× | ||
| Q2 25 | 2.29× | 0.32× | ||
| Q1 25 | 2.24× | 0.62× | ||
| Q4 24 | 2.33× | — | ||
| Q3 24 | 2.68× | 0.59× | ||
| Q2 24 | 2.71× | 0.57× | ||
| Q1 24 | 2.67× | 0.57× |
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 | $180.2M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | — |
| 自由现金流率自由现金流/营收 | 4.7% | — |
| 资本支出强度资本支出/营收 | 4.4% | — |
| 现金转化率经营现金流/净利润 | 1.92× | 2.78× |
| 过去12个月自由现金流最近4个季度 | $62.0M | — |
8季度趋势，按日历期对齐
经营现金流ACELSPHR
| Q4 25 | $31.1M | $180.2M | ||
| Q3 25 | $55.2M | $115.8M | ||
| Q2 25 | $19.8M | $-59.1M | ||
| Q1 25 | $44.8M | $6.3M | ||
| Q4 24 | $13.5M | — | ||
| Q3 24 | $50.1M | $34.1M | ||
| Q2 24 | $28.9M | $-72.4M | ||
| Q1 24 | $28.8M | $101.0M |
自由现金流ACELSPHR
| Q4 25 | $16.0M | — | ||
| Q3 25 | $34.2M | — | ||
| Q2 25 | $-6.2M | — | ||
| Q1 25 | $18.0M | — | ||
| Q4 24 | $2.1M | — | ||
| Q3 24 | $33.1M | — | ||
| Q2 24 | $11.4M | — | ||
| Q1 24 | $8.1M | — |
自由现金流率ACELSPHR
| Q4 25 | 4.7% | — | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | -1.9% | — | ||
| Q1 25 | 5.6% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 11.0% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 2.7% | — |
资本支出强度ACELSPHR
| Q4 25 | 4.4% | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | 6.8% | — |
现金转化率ACELSPHR
| Q4 25 | 1.92× | 2.78× | ||
| Q3 25 | 4.13× | — | ||
| Q2 25 | 2.71× | -0.39× | ||
| 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% |
SPHR
| Ticketing And Venue License Fee Revenues | $198.5M | 50% |
| Media Networks Revenue | $120.1M | 30% |
| Sponsorship Signage Exosphere Advertising And Suite Licenses | $32.2M | 8% |
| Food Beverage And Merchandise Revenues | $27.6M | 7% |
| Other | $13.2M | 3% |
| Related Party | $2.3M | 1% |
