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ADAMAS TRUST, INC.（ADAM）与花花公子（PLBY）财务数据对比。点击上方公司名可切换其他公司
ADAMAS TRUST, INC.的季度营收约是花花公子的1.2倍（$43.2M vs $34.9M），ADAMAS TRUST, INC.净利率更高（124.0% vs 10.3%，领先113.7%），ADAMAS TRUST, INC.同比增速更快（61.6% vs 4.2%），ADAMAS TRUST, INC.自由现金流更多（$125.9M vs $1.1M），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs 11.0%）
花花公子集团（Playboy, Inc.）起源于1953年由休·海夫纳联合合伙人在美国芝加哥创立，初始部分资金来自海夫纳母亲提供的1000美元贷款，是美国知名生活方式与娱乐内容品牌，旗下核心《花花公子》杂志同时发行电子版与纸质版。
ADAM vs PLBY — 直观对比
营收规模更大
ADAM
是对方的1.2倍
$34.9M
营收增速更快
ADAM
高出57.4%
4.2%
净利率更高
ADAM
高出113.7%
10.3%
自由现金流更多
ADAM
多$124.8M
$1.1M
两年增速更快
ADAM
近两年复合增速
11.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $34.9M |
| 净利润 | $53.5M | $3.6M |
| 毛利率 | — | 73.3% |
| 营业利润率 | — | 7.9% |
| 净利率 | 124.0% | 10.3% |
| 营收同比 | 61.6% | 4.2% |
| 净利润同比 | 270.5% | 128.6% |
| 每股收益（稀释后） | $0.45 | $0.05 |
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ADAMPLBY
| Q4 25 | $43.2M | $34.9M | ||
| Q3 25 | $36.6M | $29.0M | ||
| Q2 25 | $36.4M | $28.1M | ||
| Q1 25 | $33.1M | $28.9M | ||
| Q4 24 | $26.7M | $33.5M | ||
| Q3 24 | $20.2M | $29.4M | ||
| Q2 24 | $19.0M | $24.9M | ||
| Q1 24 | $17.9M | $28.3M |
净利润ADAMPLBY
| Q4 25 | $53.5M | $3.6M | ||
| Q3 25 | $44.8M | $460.0K | ||
| Q2 25 | $8.5M | $-7.7M | ||
| Q1 25 | $42.2M | $-9.0M | ||
| Q4 24 | $-31.4M | $-12.5M | ||
| Q3 24 | $42.8M | $-33.8M | ||
| Q2 24 | $-15.6M | $-16.7M | ||
| Q1 24 | $-57.9M | $-16.4M |
毛利率ADAMPLBY
| Q4 25 | — | 73.3% | ||
| Q3 25 | — | 76.0% | ||
| Q2 25 | — | 65.4% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | — | 70.8% | ||
| Q3 24 | — | 61.0% | ||
| Q2 24 | — | 67.8% | ||
| Q1 24 | — | 55.8% |
营业利润率ADAMPLBY
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | 11.7% | -20.9% | ||
| Q1 25 | — | -21.7% | ||
| Q4 24 | -119.0% | -13.3% | ||
| Q3 24 | — | -96.0% | ||
| Q2 24 | -124.7% | -37.0% | ||
| Q1 24 | -448.8% | -31.5% |
净利率ADAMPLBY
| Q4 25 | 124.0% | 10.3% | ||
| Q3 25 | 122.5% | 1.6% | ||
| Q2 25 | 23.4% | -27.3% | ||
| Q1 25 | 127.4% | -31.3% | ||
| Q4 24 | -117.5% | -37.4% | ||
| Q3 24 | 211.7% | -114.7% | ||
| Q2 24 | -81.9% | -66.9% | ||
| Q1 24 | -324.1% | -58.1% |
每股收益（稀释后）ADAMPLBY
| Q4 25 | $0.45 | $0.05 | ||
| Q3 25 | $0.36 | $0.00 | ||
| Q2 25 | $-0.04 | $-0.08 | ||
| Q1 25 | $0.33 | $-0.10 | ||
| Q4 24 | $-0.46 | $-0.13 | ||
| Q3 24 | $0.36 | $-0.45 | ||
| Q2 24 | $-0.29 | $-0.23 | ||
| Q1 24 | $-0.75 | $-0.23 |
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 | $210.3M | $37.8M |
| 总债务越低越好 | $735.8M | $174.2M |
| 股东权益账面价值 | $1.4B | $18.4M |
| 总资产 | $12.6B | $292.4M |
| 负债/权益比越低杠杆越低 | 0.52× | 9.48× |
8季度趋势，按日历期对齐
现金及短期投资ADAMPLBY
| Q4 25 | $210.3M | $37.8M | ||
| Q3 25 | $185.3M | $27.5M | ||
| Q2 25 | $160.4M | $19.6M | ||
| Q1 25 | $177.1M | $23.7M | ||
| Q4 24 | $167.4M | $30.9M | ||
| Q3 24 | $195.1M | $9.5M | ||
| Q2 24 | $235.5M | $16.9M | ||
| Q1 24 | $226.9M | $19.0M |
总债务ADAMPLBY
| Q4 25 | $735.8M | $174.2M | ||
| Q3 25 | $766.6M | $176.8M | ||
| Q2 25 | $653.0M | $177.5M | ||
| Q1 25 | $654.4M | $176.3M | ||
| Q4 24 | $573.2M | $176.6M | ||
| Q3 24 | $699.4M | $200.0M | ||
| Q2 24 | $800.7M | $196.3M | ||
| Q1 24 | $1.0B | $193.4M |
股东权益ADAMPLBY
| Q4 25 | $1.4B | $18.4M | ||
| Q3 25 | $1.4B | $3.8M | ||
| Q2 25 | $1.4B | $-17.5M | ||
| Q1 25 | $1.4B | $-11.4M | ||
| Q4 24 | $1.4B | $-7.7M | ||
| Q3 24 | $1.4B | $-15.7M | ||
| Q2 24 | $1.4B | $15.7M | ||
| Q1 24 | $1.5B | $29.5M |
总资产ADAMPLBY
| Q4 25 | $12.6B | $292.4M | ||
| Q3 25 | $12.4B | $278.3M | ||
| Q2 25 | $10.6B | $264.1M | ||
| Q1 25 | $10.0B | $270.6M | ||
| Q4 24 | $9.2B | $284.7M | ||
| Q3 24 | $8.9B | $271.5M | ||
| Q2 24 | $8.2B | $301.8M | ||
| Q1 24 | $7.4B | $309.1M |
负债/权益比ADAMPLBY
| Q4 25 | 0.52× | 9.48× | ||
| Q3 25 | 0.55× | 46.86× | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | 12.51× | ||
| Q1 24 | 0.67× | 6.54× |
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 | $134.0M | $1.4M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | $1.1M |
| 自由现金流率自由现金流/营收 | 291.6% | 3.2% |
| 资本支出强度资本支出/营收 | 18.9% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.50× | 0.39× |
| 过去12个月自由现金流最近4个季度 | — | $-1.0M |
8季度趋势，按日历期对齐
经营现金流ADAMPLBY
| Q4 25 | $134.0M | $1.4M | ||
| Q3 25 | $6.9M | $10.1M | ||
| Q2 25 | $39.2M | $-3.9M | ||
| Q1 25 | $25.8M | $-7.6M | ||
| Q4 24 | $14.1M | $161.0K | ||
| Q3 24 | $-922.0K | $-6.5M | ||
| Q2 24 | $-993.0K | $-3.0M | ||
| Q1 24 | $-13.1M | $-9.8M |
自由现金流ADAMPLBY
| Q4 25 | $125.9M | $1.1M | ||
| Q3 25 | — | $9.8M | ||
| Q2 25 | — | $-4.3M | ||
| Q1 25 | — | $-7.7M | ||
| Q4 24 | $-10.6M | $-401.0K | ||
| Q3 24 | $-8.6M | $-7.0M | ||
| Q2 24 | $-8.6M | $-3.7M | ||
| Q1 24 | $-19.1M | $-10.3M |
自由现金流率ADAMPLBY
| Q4 25 | 291.6% | 3.2% | ||
| Q3 25 | — | 33.8% | ||
| Q2 25 | — | -15.2% | ||
| Q1 25 | — | -26.5% | ||
| Q4 24 | -39.6% | -1.2% | ||
| Q3 24 | -42.3% | -23.7% | ||
| Q2 24 | -44.9% | -14.8% | ||
| Q1 24 | -107.0% | -36.5% |
资本支出强度ADAMPLBY
| Q4 25 | 18.9% | 0.8% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 92.3% | 1.7% | ||
| Q3 24 | 37.7% | 1.5% | ||
| Q2 24 | 39.7% | 2.6% | ||
| Q1 24 | 33.5% | 2.1% |
现金转化率ADAMPLBY
| Q4 25 | 2.50× | 0.39× | ||
| Q3 25 | 0.15× | 22.02× | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
PLBY
| Transferred At Point In Time | $22.2M | 64% |
| Trademark Licensing | $6.5M | 19% |
| Related Party | $5.0M | 14% |
| Other | $1.1M | 3% |
