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华纳兄弟娱乐（AGAE）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.的季度营收约是华纳兄弟娱乐的213.2倍（$393.8M vs $1.8M）。Sphere Entertainment Co.净利率更高（16.4% vs -290.3%，领先306.7%）。过去两年Sphere Entertainment Co.的营收复合增速更高（12.1% vs -5.6%）
华纳兄弟娱乐是一家美国跨国影视娱乐企业，现隶属于华纳兄弟探索集团，总部位于加利福尼亚州伯班克的华纳兄弟制片厂园区，现行企业主体成立于2002年12月，成立之初属于美国在线时代华纳集团，在全球影视娱乐领域拥有极高影响力。
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。
AGAE vs SPHR — 直观对比
营收规模更大
SPHR
是对方的213.2倍
$1.8M
净利率更高
SPHR
高出306.7%
-290.3%
两年增速更快
SPHR
近两年复合增速
-5.6%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8M | $393.8M |
| 净利润 | $-5.4M | $64.7M |
| 毛利率 | — | — |
| 营业利润率 | -397.1% | 7.3% |
| 净利率 | -290.3% | 16.4% |
| 营收同比 | -14.6% | — |
| 净利润同比 | -33.1% | — |
| 每股收益（稀释后） | $-0.14 | $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AGAESPHR
| Q4 25 | — | $393.8M | ||
| Q3 25 | $1.8M | $262.1M | ||
| Q2 25 | $1.9M | $282.2M | ||
| Q1 25 | $2.3M | $280.1M | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | $2.2M | $227.1M | ||
| Q2 24 | $2.6M | $272.6M | ||
| Q1 24 | $2.4M | $320.6M |
净利润AGAESPHR
| Q4 25 | — | $64.7M | ||
| Q3 25 | $-5.4M | $-101.2M | ||
| Q2 25 | $-4.8M | $151.8M | ||
| Q1 25 | $-4.8M | $-82.0M | ||
| Q4 24 | $-7.2M | — | ||
| Q3 24 | $-4.0M | $-105.3M | ||
| Q2 24 | $-3.8M | $-46.6M | ||
| Q1 24 | $-1.7M | $-47.2M |
营业利润率AGAESPHR
| Q4 25 | — | 7.3% | ||
| Q3 25 | -397.1% | -49.5% | ||
| Q2 25 | -317.4% | -17.8% | ||
| Q1 25 | -230.8% | -28.1% | ||
| Q4 24 | -746.5% | — | ||
| Q3 24 | -54.6% | -51.8% | ||
| Q2 24 | -200.4% | -66.3% | ||
| Q1 24 | -112.5% | -12.6% |
净利率AGAESPHR
| Q4 25 | — | 16.4% | ||
| Q3 25 | -290.3% | -38.6% | ||
| Q2 25 | -250.6% | 53.8% | ||
| Q1 25 | -212.6% | -29.3% | ||
| Q4 24 | -381.0% | — | ||
| Q3 24 | -186.2% | -46.4% | ||
| Q2 24 | -144.1% | -17.1% | ||
| Q1 24 | -71.4% | -14.7% |
每股收益（稀释后）AGAESPHR
| Q4 25 | — | $2.42 | ||
| Q3 25 | $-0.14 | $-2.80 | ||
| Q2 25 | $-0.12 | $3.39 | ||
| Q1 25 | $-0.11 | $-2.27 | ||
| Q4 24 | $-0.18 | — | ||
| Q3 24 | $-0.11 | $-2.95 | ||
| Q2 24 | $-0.09 | $-1.33 | ||
| Q1 24 | $-0.04 | $-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 | $17.6M | — |
| 总债务越低越好 | — | $692.7M |
| 股东权益账面价值 | $52.4M | $2.2B |
| 总资产 | $106.8M | $4.2B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资AGAESPHR
| Q4 25 | — | — | ||
| Q3 25 | $17.6M | $384.8M | ||
| Q2 25 | $26.1M | $355.7M | ||
| Q1 25 | $68.7M | $465.0M | ||
| Q4 24 | $68.0M | — | ||
| Q3 24 | $77.7M | — | ||
| Q2 24 | $88.1M | $559.8M | ||
| Q1 24 | $76.9M | — |
总债务AGAESPHR
| Q4 25 | — | $692.7M | ||
| Q3 25 | — | $733.8M | ||
| Q2 25 | — | $743.8M | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
股东权益AGAESPHR
| Q4 25 | — | $2.2B | ||
| Q3 25 | $52.4M | $2.2B | ||
| Q2 25 | $57.5M | $2.3B | ||
| Q1 25 | $68.4M | $2.1B | ||
| Q4 24 | $73.0M | — | ||
| Q3 24 | $74.0M | $2.3B | ||
| Q2 24 | $77.7M | $2.4B | ||
| Q1 24 | $83.3M | $2.4B |
总资产AGAESPHR
| Q4 25 | — | $4.2B | ||
| Q3 25 | $106.8M | $4.1B | ||
| Q2 25 | $108.6M | $4.2B | ||
| Q1 25 | $117.9M | $4.4B | ||
| Q4 24 | $112.7M | — | ||
| Q3 24 | $129.8M | $4.6B | ||
| Q2 24 | $126.7M | — | ||
| Q1 24 | $117.0M | $4.9B |
负债/权益比AGAESPHR
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 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 | $-616.2K | $180.2M |
| 自由现金流经营现金流 - 资本支出 | $-669.5K | — |
| 自由现金流率自由现金流/营收 | -36.3% | — |
| 资本支出强度资本支出/营收 | 2.9% | — |
| 现金转化率经营现金流/净利润 | — | 2.78× |
| 过去12个月自由现金流最近4个季度 | $-353.8K | — |
8季度趋势，按日历期对齐
经营现金流AGAESPHR
| Q4 25 | — | $180.2M | ||
| Q3 25 | $-616.2K | $115.8M | ||
| Q2 25 | $-890.0K | $-59.1M | ||
| Q1 25 | $-2.2M | $6.3M | ||
| Q4 24 | $3.5M | — | ||
| Q3 24 | $-8.7M | $34.1M | ||
| Q2 24 | $-2.4M | $-72.4M | ||
| Q1 24 | $-2.1M | $101.0M |
自由现金流AGAESPHR
| Q4 25 | — | — | ||
| Q3 25 | $-669.5K | — | ||
| Q2 25 | $-913.3K | — | ||
| Q1 25 | $-2.2M | — | ||
| Q4 24 | $3.4M | — | ||
| Q3 24 | $-8.7M | — | ||
| Q2 24 | $-2.4M | — | ||
| Q1 24 | $-2.2M | — |
自由现金流率AGAESPHR
| Q4 25 | — | — | ||
| Q3 25 | -36.3% | — | ||
| Q2 25 | -47.6% | — | ||
| Q1 25 | -97.4% | — | ||
| Q4 24 | 181.7% | — | ||
| Q3 24 | -404.2% | — | ||
| Q2 24 | -90.8% | — | ||
| Q1 24 | -90.6% | — |
资本支出强度AGAESPHR
| Q4 25 | — | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.4% | — |
现金转化率AGAESPHR
| Q4 25 | — | 2.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.39× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
AGAE
暂无分部数据
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% |
