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Adeia Inc.（ADEA）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
Live Nation Entertainment的季度营收约是Adeia Inc.的34.6倍（$6.3B vs $182.6M）。Adeia Inc.净利率更高（40.4% vs -3.2%，领先43.6%）。Adeia Inc.同比增速更快（53.3% vs 11.1%）。Adeia Inc.自由现金流更多（$59.4M vs $-405.6M）。过去两年Adeia Inc.的营收复合增速更高（48.0% vs 28.9%）
Adeia Inc.是一家全球化知识产权授权与创新企业，主营半导体制造、消费电子、媒体分发及智能设备领域的专利技术研发与商业化合作，与全球多家头部科技企业达成授权合作，推动相关行业技术升级。
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。
ADEA vs LYV — 直观对比
营收规模更大
LYV
是对方的34.6倍
$182.6M
营收增速更快
ADEA
高出42.1%
11.1%
净利率更高
ADEA
高出43.6%
-3.2%
自由现金流更多
ADEA
多$465.0M
$-405.6M
两年增速更快
ADEA
近两年复合增速
28.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $182.6M | $6.3B |
| 净利润 | $73.7M | $-202.1M |
| 毛利率 | — | — |
| 营业利润率 | 59.5% | -2.3% |
| 净利率 | 40.4% | -3.2% |
| 营收同比 | 53.3% | 11.1% |
| 净利润同比 | 104.6% | -204.6% |
| 每股收益（稀释后） | $0.66 | $-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ADEALYV
| Q4 25 | $182.6M | $6.3B | ||
| Q3 25 | $87.3M | $8.5B | ||
| Q2 25 | $85.7M | $7.0B | ||
| Q1 25 | $87.7M | $3.4B | ||
| Q4 24 | $119.2M | $5.7B | ||
| Q3 24 | $86.1M | $7.7B | ||
| Q2 24 | $87.3M | $6.0B | ||
| Q1 24 | $83.4M | $3.8B |
净利润ADEALYV
| Q4 25 | $73.7M | $-202.1M | ||
| Q3 25 | $8.8M | $431.5M | ||
| Q2 25 | $16.7M | $243.4M | ||
| Q1 25 | $11.8M | $23.2M | ||
| Q4 24 | $36.0M | $193.2M | ||
| Q3 24 | $19.3M | $451.8M | ||
| Q2 24 | $8.4M | $298.0M | ||
| Q1 24 | $899.0K | $-46.7M |
营业利润率ADEALYV
| Q4 25 | 59.5% | -2.3% | ||
| Q3 25 | 30.9% | 9.3% | ||
| Q2 25 | 19.1% | 6.9% | ||
| Q1 25 | 26.0% | 3.4% | ||
| Q4 24 | 48.2% | -4.3% | ||
| Q3 24 | 32.7% | 8.4% | ||
| Q2 24 | 27.1% | 7.7% | ||
| Q1 24 | 23.2% | -1.0% |
净利率ADEALYV
| Q4 25 | 40.4% | -3.2% | ||
| Q3 25 | 10.1% | 5.1% | ||
| Q2 25 | 19.5% | 3.5% | ||
| Q1 25 | 13.5% | 0.7% | ||
| Q4 24 | 30.2% | 3.4% | ||
| Q3 24 | 22.4% | 5.9% | ||
| Q2 24 | 9.6% | 4.9% | ||
| Q1 24 | 1.1% | -1.2% |
每股收益（稀释后）ADEALYV
| Q4 25 | $0.66 | $-1.06 | ||
| Q3 25 | $0.08 | $0.73 | ||
| Q2 25 | $0.15 | $0.41 | ||
| Q1 25 | $0.10 | $-0.32 | ||
| Q4 24 | $0.32 | $0.58 | ||
| Q3 24 | $0.17 | $1.66 | ||
| Q2 24 | $0.07 | $1.03 | ||
| Q1 24 | $0.01 | $-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 | $136.7M | $7.1B |
| 总债务越低越好 | $418.5M | $7.6B |
| 股东权益账面价值 | $480.5M | $271.0M |
| 总资产 | $1.0B | $22.9B |
| 负债/权益比越低杠杆越低 | 0.87× | 28.09× |
8季度趋势，按日历期对齐
现金及短期投资ADEALYV
| Q4 25 | $136.7M | $7.1B | ||
| Q3 25 | $115.1M | $6.8B | ||
| Q2 25 | $116.5M | $7.1B | ||
| Q1 25 | $116.5M | $7.2B | ||
| Q4 24 | $110.4M | $6.1B | ||
| Q3 24 | $89.2M | $5.5B | ||
| Q2 24 | $94.5M | $6.4B | ||
| Q1 24 | $89.0M | $6.5B |
总债务ADEALYV
| Q4 25 | $418.5M | $7.6B | ||
| Q3 25 | $438.7M | $6.1B | ||
| Q2 25 | $448.9M | $5.0B | ||
| Q1 25 | $459.2M | $5.9B | ||
| Q4 24 | $475.5M | $6.2B | ||
| Q3 24 | $524.4M | $5.7B | ||
| Q2 24 | $535.6M | $5.1B | ||
| Q1 24 | $546.3M | $5.1B |
股东权益ADEALYV
| Q4 25 | $480.5M | $271.0M | ||
| Q3 25 | $413.7M | $521.3M | ||
| Q2 25 | $402.9M | $360.1M | ||
| Q1 25 | $389.5M | $106.0M | ||
| Q4 24 | $396.6M | $173.3M | ||
| Q3 24 | $378.2M | $288.0M | ||
| Q2 24 | $359.1M | $-43.3M | ||
| Q1 24 | $350.0M | $-114.8M |
总资产ADEALYV
| Q4 25 | $1.0B | $22.9B | ||
| Q3 25 | $1.1B | $22.9B | ||
| Q2 25 | $1.1B | $23.2B | ||
| Q1 25 | $1.1B | $21.8B | ||
| Q4 24 | $1.1B | $19.6B | ||
| Q3 24 | $1.1B | $19.7B | ||
| Q2 24 | $1.1B | $20.5B | ||
| Q1 24 | $1.1B | $20.0B |
负债/权益比ADEALYV
| Q4 25 | 0.87× | 28.09× | ||
| Q3 25 | 1.06× | 11.71× | ||
| Q2 25 | 1.11× | 13.86× | ||
| Q1 25 | 1.18× | 55.93× | ||
| Q4 24 | 1.20× | 35.65× | ||
| Q3 24 | 1.39× | 19.70× | ||
| Q2 24 | 1.49× | — | ||
| Q1 24 | 1.56× | — |
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 | $60.0M | $-53.7M |
| 自由现金流经营现金流 - 资本支出 | $59.4M | $-405.6M |
| 自由现金流率自由现金流/营收 | 32.5% | -6.4% |
| 资本支出强度资本支出/营收 | 0.3% | 5.6% |
| 现金转化率经营现金流/净利润 | 0.81× | — |
| 过去12个月自由现金流最近4个季度 | $156.3M | $333.6M |
8季度趋势，按日历期对齐
经营现金流ADEALYV
| Q4 25 | $60.0M | $-53.7M | ||
| Q3 25 | $17.8M | $-95.7M | ||
| Q2 25 | $23.1M | $223.5M | ||
| Q1 25 | $57.1M | $1.3B | ||
| Q4 24 | $107.5M | $1.0B | ||
| Q3 24 | $14.3M | $-720.9M | ||
| Q2 24 | $23.5M | $412.1M | ||
| Q1 24 | $67.2M | $988.9M |
自由现金流ADEALYV
| Q4 25 | $59.4M | $-405.6M | ||
| Q3 25 | $17.0M | $-371.3M | ||
| Q2 25 | $22.9M | $-39.9M | ||
| Q1 25 | $56.9M | $1.2B | ||
| Q4 24 | $106.9M | $890.2M | ||
| Q3 24 | $14.3M | $-879.0M | ||
| Q2 24 | $23.0M | $212.4M | ||
| Q1 24 | $66.4M | $854.8M |
自由现金流率ADEALYV
| Q4 25 | 32.5% | -6.4% | ||
| Q3 25 | 19.5% | -4.4% | ||
| Q2 25 | 26.7% | -0.6% | ||
| Q1 25 | 64.9% | 34.0% | ||
| Q4 24 | 89.7% | 15.7% | ||
| Q3 24 | 16.6% | -11.5% | ||
| Q2 24 | 26.4% | 3.5% | ||
| Q1 24 | 79.7% | 22.5% |
资本支出强度ADEALYV
| Q4 25 | 0.3% | 5.6% | ||
| Q3 25 | 0.9% | 3.2% | ||
| Q2 25 | 0.2% | 3.8% | ||
| Q1 25 | 0.3% | 5.0% | ||
| Q4 24 | 0.5% | 2.7% | ||
| Q3 24 | 0.1% | 2.1% | ||
| Q2 24 | 0.5% | 3.3% | ||
| Q1 24 | 1.0% | 3.5% |
现金转化率ADEALYV
| Q4 25 | 0.81× | — | ||
| Q3 25 | 2.02× | -0.22× | ||
| Q2 25 | 1.38× | 0.92× | ||
| Q1 25 | 4.84× | 56.94× | ||
| Q4 24 | 2.98× | 5.41× | ||
| Q3 24 | 0.74× | -1.60× | ||
| Q2 24 | 2.80× | 1.38× | ||
| Q1 24 | 74.78× | — |
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
ADEA
| Media Platform | $172.9M | 95% |
| Semiconductor | $9.7M | 5% |
LYV
| Concerts | $5.1B | 82% |
| Ticketing | $846.2M | 13% |
| Sponsorship And Advertising | $329.9M | 5% |
