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ARRAY DIGITAL INFRASTRUCTURE, INC.（AD）与Live Nation Entertainment（LYV）财务数据对比。点击上方公司名可切换其他公司
ARRAY DIGITAL INFRASTRUCTURE, INC.净利率更高（-2.3% vs -3.2%，领先0.9%）。Live Nation Entertainment同比增速更快（11.1% vs -279.1%）。ARRAY DIGITAL INFRASTRUCTURE, INC.自由现金流更多（$-210.7M vs $-405.6M）。过去两年Live Nation Entertainment的营收复合增速更高（NaN% vs NaN%）
Array Digital Infrastructure, Inc.是一家数字基础设施提供商，拥有、运营和开发战略布局的数据中心设施，主要服务云服务商、企业客户及电信企业，核心业务覆盖北美市场。
Live Nation Entertainment是美国跨国娱乐企业，2010年由Live Nation与Ticketmaster合并成立，旗下保留运营两大原有品牌。公司业务覆盖全球，主营现场娱乐活动宣发、票务销售，同时持有并运营多家娱乐场馆，还为音乐人提供艺人经纪管理服务。
AD vs LYV — 直观对比
营收规模更大
LYV
是对方的-3.7倍
$-1.7B
营收增速更快
LYV
高出290.3%
-279.1%
净利率更高
AD
高出0.9%
-3.2%
自由现金流更多
AD
多$195.0M
$-405.6M
两年增速更快
LYV
近两年复合增速
NaN%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $-1.7B | $6.3B |
| 净利润 | $38.2M | $-202.1M |
| 毛利率 | — | — |
| 营业利润率 | — | -2.3% |
| 净利率 | -2.3% | -3.2% |
| 营收同比 | -279.1% | 11.1% |
| 净利润同比 | 664.4% | -204.6% |
| 每股收益（稀释后） | $0.43 | $-1.06 |
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ADLYV
| Q4 25 | $-1.7B | $6.3B | ||
| Q3 25 | $47.1M | $8.5B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | $944.0M | $5.7B | ||
| Q3 24 | $896.0M | $7.7B | ||
| Q2 24 | $902.0M | $6.0B | ||
| Q1 24 | $925.0M | $3.8B |
净利润ADLYV
| Q4 25 | $38.2M | $-202.1M | ||
| Q3 25 | $-38.5M | $431.5M | ||
| Q2 25 | — | $243.4M | ||
| Q1 25 | — | $23.2M | ||
| Q4 24 | $5.0M | $193.2M | ||
| Q3 24 | $-79.0M | $451.8M | ||
| Q2 24 | $17.0M | $298.0M | ||
| Q1 24 | $18.0M | $-46.7M |
毛利率ADLYV
| Q4 25 | — | — | ||
| Q3 25 | 55.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 98.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率ADLYV
| Q4 25 | — | -2.3% | ||
| Q3 25 | -113.1% | 9.3% | ||
| Q2 25 | — | 6.9% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | -1.0% | -4.3% | ||
| Q3 24 | -10.0% | 8.4% | ||
| Q2 24 | 4.0% | 7.7% | ||
| Q1 24 | 5.5% | -1.0% |
净利率ADLYV
| Q4 25 | -2.3% | -3.2% | ||
| Q3 25 | -81.6% | 5.1% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | 0.5% | 3.4% | ||
| Q3 24 | -8.8% | 5.9% | ||
| Q2 24 | 1.9% | 4.9% | ||
| Q1 24 | 1.9% | -1.2% |
每股收益（稀释后）ADLYV
| Q4 25 | $0.43 | $-1.06 | ||
| Q3 25 | $-0.44 | $0.73 | ||
| Q2 25 | — | $0.41 | ||
| Q1 25 | — | $-0.32 | ||
| Q4 24 | $0.06 | $0.58 | ||
| Q3 24 | $-0.92 | $1.66 | ||
| Q2 24 | $0.20 | $1.03 | ||
| Q1 24 | $0.20 | $-0.53 |
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 | $113.4M | $7.1B |
| 总债务越低越好 | $670.3M | $7.6B |
| 股东权益账面价值 | $2.6B | $271.0M |
| 总资产 | $4.7B | $22.9B |
| 负债/权益比越低杠杆越低 | 0.26× | 28.09× |
8季度趋势，按日历期对齐
现金及短期投资ADLYV
| Q4 25 | $113.4M | $7.1B | ||
| Q3 25 | $325.6M | $6.8B | ||
| Q2 25 | — | $7.1B | ||
| Q1 25 | — | $7.2B | ||
| Q4 24 | $144.0M | $6.1B | ||
| Q3 24 | $272.0M | $5.5B | ||
| Q2 24 | $195.0M | $6.4B | ||
| Q1 24 | $185.0M | $6.5B |
总债务ADLYV
| Q4 25 | $670.3M | $7.6B | ||
| Q3 25 | $671.9M | $6.1B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | $2.8B | $6.2B | ||
| Q3 24 | $2.9B | $5.7B | ||
| Q2 24 | $2.9B | $5.1B | ||
| Q1 24 | $3.0B | $5.1B |
股东权益ADLYV
| Q4 25 | $2.6B | $271.0M | ||
| Q3 25 | $2.5B | $521.3M | ||
| Q2 25 | — | $360.1M | ||
| Q1 25 | — | $106.0M | ||
| Q4 24 | $4.6B | $173.3M | ||
| Q3 24 | $4.6B | $288.0M | ||
| Q2 24 | $4.7B | $-43.3M | ||
| Q1 24 | $4.7B | $-114.8M |
总资产ADLYV
| Q4 25 | $4.7B | $22.9B | ||
| Q3 25 | $4.9B | $22.9B | ||
| Q2 25 | — | $23.2B | ||
| Q1 25 | — | $21.8B | ||
| Q4 24 | $10.4B | $19.6B | ||
| Q3 24 | $10.5B | $19.7B | ||
| Q2 24 | $10.6B | $20.5B | ||
| Q1 24 | $10.7B | $20.0B |
负债/权益比ADLYV
| Q4 25 | 0.26× | 28.09× | ||
| Q3 25 | 0.27× | 11.71× | ||
| Q2 25 | — | 13.86× | ||
| Q1 25 | — | 55.93× | ||
| Q4 24 | 0.62× | 35.65× | ||
| Q3 24 | 0.63× | 19.70× | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.65× | — |
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 | $-202.1M | $-53.7M |
| 自由现金流经营现金流 - 资本支出 | $-210.7M | $-405.6M |
| 自由现金流率自由现金流/营收 | 12.5% | -6.4% |
| 资本支出强度资本支出/营收 | -0.5% | 5.6% |
| 现金转化率经营现金流/净利润 | -5.29× | — |
| 过去12个月自由现金流最近4个季度 | $-321.2M | $333.6M |
8季度趋势，按日历期对齐
经营现金流ADLYV
| Q4 25 | $-202.1M | $-53.7M | ||
| Q3 25 | $-82.1M | $-95.7M | ||
| Q2 25 | — | $223.5M | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $122.0M | $1.0B | ||
| Q3 24 | $245.0M | $-720.9M | ||
| Q2 24 | $313.0M | $412.1M | ||
| Q1 24 | $203.0M | $988.9M |
自由现金流ADLYV
| Q4 25 | $-210.7M | $-405.6M | ||
| Q3 25 | $-210.5M | $-371.3M | ||
| Q2 25 | — | $-39.9M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $-16.0M | $890.2M | ||
| Q3 24 | $116.0M | $-879.0M | ||
| Q2 24 | $176.0M | $212.4M | ||
| Q1 24 | $70.0M | $854.8M |
自由现金流率ADLYV
| Q4 25 | 12.5% | -6.4% | ||
| Q3 25 | -446.8% | -4.4% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 34.0% | ||
| Q4 24 | -1.7% | 15.7% | ||
| Q3 24 | 12.9% | -11.5% | ||
| Q2 24 | 19.5% | 3.5% | ||
| Q1 24 | 7.6% | 22.5% |
资本支出强度ADLYV
| Q4 25 | -0.5% | 5.6% | ||
| Q3 25 | 272.5% | 3.2% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | 14.6% | 2.7% | ||
| Q3 24 | 14.4% | 2.1% | ||
| Q2 24 | 15.2% | 3.3% | ||
| Q1 24 | 14.4% | 3.5% |
现金转化率ADLYV
| Q4 25 | -5.29× | — | ||
| Q3 25 | — | -0.22× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | 56.94× | ||
| Q4 24 | 24.40× | 5.41× | ||
| Q3 24 | — | -1.60× | ||
| Q2 24 | 18.41× | 1.38× | ||
| Q1 24 | 11.28× | — |
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
AD
暂无分部数据
LYV
| Concerts | $5.1B | 82% |
| Ticketing | $846.2M | 13% |
| Sponsorship And Advertising | $329.9M | 5% |
