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Advantage Solutions Inc.（ADV）与Vici Properties（VICI）财务数据对比。点击上方公司名可切换其他公司
Vici Properties的季度营收约是Advantage Solutions Inc.的1.1倍（$1.0B vs $932.1M），Vici Properties净利率更高（59.7% vs -17.4%，领先77.0%），Advantage Solutions Inc.同比增速更快（4.5% vs 3.8%），过去两年Advantage Solutions Inc.的营收复合增速更高（4.0% vs 3.2%）
该公司是一家全球数据与分析企业，为众多行业提供数据技术服务、分析工具、预测洞察与欺诈防范方案，总部位于佐治亚州阿尔法利塔，在美国全境以及澳大利亚、巴西、中国、法国、中国香港、印度、爱尔兰、以色列、菲律宾、英国均设有办公地点。
Vici Properties是总部位于美国纽约的房地产投资信托（REIT），专注于博彩及娱乐类物业。公司成立于2017年，由凯撒娱乐集团破产重组时分拆而来，目前在美加两国持有54家赌场、酒店、赛马场，4座高尔夫球场及38个保龄球馆。
ADV vs VICI — 直观对比
营收规模更大
VICI
是对方的1.1倍
$932.1M
营收增速更快
ADV
高出0.7%
3.8%
净利率更高
VICI
高出77.0%
-17.4%
两年增速更快
ADV
近两年复合增速
3.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $932.1M | $1.0B |
| 净利润 | $-161.7M | $604.8M |
| 毛利率 | — | 99.3% |
| 营业利润率 | -17.4% | 60.2% |
| 净利率 | -17.4% | 59.7% |
| 营收同比 | 4.5% | 3.8% |
| 净利润同比 | 9.2% | -1.6% |
| 每股收益（稀释后） | — | $0.57 |
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ADVVICI
| Q4 25 | $932.1M | $1.0B | ||
| Q3 25 | $915.0M | $1.0B | ||
| Q2 25 | $873.7M | $1.0B | ||
| Q1 25 | $821.8M | $984.2M | ||
| Q4 24 | $892.3M | $976.1M | ||
| Q3 24 | $939.3M | $964.7M | ||
| Q2 24 | $873.4M | $957.0M | ||
| Q1 24 | $861.4M | $951.5M |
净利润ADVVICI
| Q4 25 | $-161.7M | $604.8M | ||
| Q3 25 | $20.6M | $762.0M | ||
| Q2 25 | $-30.4M | $865.1M | ||
| Q1 25 | $-56.1M | $543.6M | ||
| Q4 24 | $-178.0M | $614.6M | ||
| Q3 24 | $-42.8M | $732.9M | ||
| Q2 24 | $-100.8M | $741.3M | ||
| Q1 24 | $-5.3M | $590.0M |
毛利率ADVVICI
| Q4 25 | — | 99.3% | ||
| Q3 25 | — | 99.3% | ||
| Q2 25 | — | 99.3% | ||
| Q1 25 | — | 99.4% | ||
| Q4 24 | — | 99.3% | ||
| Q3 24 | — | 99.3% | ||
| Q2 24 | — | 99.3% | ||
| Q1 24 | — | 99.3% |
营业利润率ADVVICI
| Q4 25 | -17.4% | 60.2% | ||
| Q3 25 | 4.4% | 77.2% | ||
| Q2 25 | 1.1% | 88.3% | ||
| Q1 25 | -1.8% | 55.9% | ||
| Q4 24 | -19.1% | 64.2% | ||
| Q3 24 | -0.3% | 77.4% | ||
| Q2 24 | -10.4% | 79.0% | ||
| Q1 24 | -3.5% | 63.2% |
净利率ADVVICI
| Q4 25 | -17.4% | 59.7% | ||
| Q3 25 | 2.2% | 75.6% | ||
| Q2 25 | -3.5% | 86.4% | ||
| Q1 25 | -6.8% | 55.2% | ||
| Q4 24 | -20.0% | 63.0% | ||
| Q3 24 | -4.6% | 76.0% | ||
| Q2 24 | -11.5% | 77.5% | ||
| Q1 24 | -0.6% | 62.0% |
每股收益（稀释后）ADVVICI
| Q4 25 | — | $0.57 | ||
| Q3 25 | — | $0.71 | ||
| Q2 25 | — | $0.82 | ||
| Q1 25 | — | $0.51 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | $-0.13 | $0.70 | ||
| Q2 24 | $-0.31 | $0.71 | ||
| Q1 24 | $-0.02 | $0.57 |
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 | $240.8M | $608.0M |
| 总债务越低越好 | $1.7B | $16.8B |
| 股东权益账面价值 | $554.0M | $27.8B |
| 总资产 | $2.8B | $46.7B |
| 负债/权益比越低杠杆越低 | 3.05× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资ADVVICI
| Q4 25 | $240.8M | $608.0M | ||
| Q3 25 | $201.1M | $507.5M | ||
| Q2 25 | $102.9M | $233.0M | ||
| Q1 25 | $121.1M | $334.3M | ||
| Q4 24 | $205.2M | $524.6M | ||
| Q3 24 | $196.1M | $355.7M | ||
| Q2 24 | $154.0M | $347.2M | ||
| Q1 24 | $112.3M | $514.9M |
总债务ADVVICI
| Q4 25 | $1.7B | $16.8B | ||
| Q3 25 | — | $16.8B | ||
| Q2 25 | — | $16.9B | ||
| Q1 25 | — | $16.8B | ||
| Q4 24 | $1.7B | $16.7B | ||
| Q3 24 | — | $16.7B | ||
| Q2 24 | — | $16.7B | ||
| Q1 24 | — | $16.7B |
股东权益ADVVICI
| Q4 25 | $554.0M | $27.8B | ||
| Q3 25 | $708.5M | $27.7B | ||
| Q2 25 | $683.6M | $27.0B | ||
| Q1 25 | $695.6M | $26.6B | ||
| Q4 24 | $748.7M | $26.5B | ||
| Q3 24 | $932.5M | $26.1B | ||
| Q2 24 | $973.7M | $25.7B | ||
| Q1 24 | $1.1B | $25.4B |
总资产ADVVICI
| Q4 25 | $2.8B | $46.7B | ||
| Q3 25 | $3.0B | $46.5B | ||
| Q2 25 | $3.0B | $46.1B | ||
| Q1 25 | $3.0B | $45.5B | ||
| Q4 24 | $3.1B | $45.4B | ||
| Q3 24 | $3.4B | $44.9B | ||
| Q2 24 | $3.5B | $44.5B | ||
| Q1 24 | $3.6B | $44.2B |
负债/权益比ADVVICI
| Q4 25 | 3.05× | 0.60× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | 2.30× | 0.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 0.66× |
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 | $45.6M | $691.9M |
| 自由现金流经营现金流 - 资本支出 | $23.4M | — |
| 自由现金流率自由现金流/营收 | 2.5% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | — | 1.14× |
| 过去12个月自由现金流最近4个季度 | $10.7M | — |
8季度趋势，按日历期对齐
经营现金流ADVVICI
| Q4 25 | $45.6M | $691.9M | ||
| Q3 25 | $63.6M | $586.3M | ||
| Q2 25 | $-8.1M | $639.9M | ||
| Q1 25 | $-39.6M | $591.9M | ||
| Q4 24 | $15.1M | $644.1M | ||
| Q3 24 | $34.0M | $579.1M | ||
| Q2 24 | $53.4M | $614.6M | ||
| Q1 24 | $-9.4M | $543.7M |
自由现金流ADVVICI
| Q4 25 | $23.4M | — | ||
| Q3 25 | $52.2M | — | ||
| Q2 25 | $-10.2M | — | ||
| Q1 25 | $-54.7M | — | ||
| Q4 24 | $-27.4M | — | ||
| Q3 24 | $8.6M | — | ||
| Q2 24 | $43.8M | — | ||
| Q1 24 | $-24.8M | — |
自由现金流率ADVVICI
| Q4 25 | 2.5% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -6.7% | — | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | -2.9% | — |
资本支出强度ADVVICI
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 1.8% | — |
现金转化率ADVVICI
| Q4 25 | — | 1.14× | ||
| Q3 25 | 3.09× | 0.77× | ||
| Q2 25 | — | 0.74× | ||
| Q1 25 | — | 1.09× | ||
| Q4 24 | — | 1.05× | ||
| Q3 24 | — | 0.79× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | 0.92× |
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
ADV
| Experiential Services | $395.9M | 42% |
| Branded Services | $289.8M | 31% |
| Retailer Services | $246.5M | 26% |
VICI
| Fixed Rent | $504.3M | 50% |
| Other | $478.4M | 47% |
| Contingent Rent | $30.4M | 3% |
