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爱齐科技（ALGN）与DraftKings Inc.（DKNG）财务数据对比。点击上方公司名可切换其他公司
DraftKings Inc.的季度营收约是爱齐科技的1.9倍（$2.0B vs $1.0B），爱齐科技净利率更高（13.0% vs 6.9%，领先6.1%），DraftKings Inc.同比增速更快（42.8% vs 5.3%），DraftKings Inc.自由现金流更多（$316.5M vs $187.3M），过去两年DraftKings Inc.的营收复合增速更高（30.1% vs 2.5%）
爱齐科技是一家全球知名医疗设备企业，主营设计、生产及销售隐适美透明矫治器、iTero口内扫描仪及配套服务，客户覆盖正畸医师、全科牙医，面向修复、美容牙科领域，业务分为透明矫治器、扫描仪及服务两大板块，可满足青少年等不同群体的正畸需求
DraftKings Inc.是总部位于美国马萨诸塞州波士顿的博彩企业，主要提供体育博彩、每日范特西体育相关服务，是全球线上博彩娱乐赛道的知名企业，业务覆盖多个国家和地区的合规消费市场。
ALGN vs DKNG — 直观对比
营收规模更大
DKNG
是对方的1.9倍
$1.0B
营收增速更快
DKNG
高出37.6%
5.3%
净利率更高
ALGN
高出6.1%
6.9%
自由现金流更多
DKNG
多$129.3M
$187.3M
两年增速更快
DKNG
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $2.0B |
| 净利润 | $135.8M | $136.4M |
| 毛利率 | 65.3% | 46.0% |
| 营业利润率 | 14.8% | 7.6% |
| 净利率 | 13.0% | 6.9% |
| 营收同比 | 5.3% | 42.8% |
| 净利润同比 | 30.8% | 201.2% |
| 每股收益（稀释后） | $1.88 | $0.28 |
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ALGNDKNG
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $995.7M | $1.1B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $979.3M | $1.4B | ||
| Q4 24 | $995.2M | $1.4B | ||
| Q3 24 | $977.9M | $1.1B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $997.4M | $1.2B |
净利润ALGNDKNG
| Q4 25 | $135.8M | $136.4M | ||
| Q3 25 | $56.8M | $-256.8M | ||
| Q2 25 | $124.6M | $157.9M | ||
| Q1 25 | $93.2M | $-33.9M | ||
| Q4 24 | $103.8M | $-134.9M | ||
| Q3 24 | $116.0M | $-293.7M | ||
| Q2 24 | $96.6M | $63.8M | ||
| Q1 24 | $105.0M | $-142.6M |
毛利率ALGNDKNG
| Q4 25 | 65.3% | 46.0% | ||
| Q3 25 | 64.2% | 31.5% | ||
| Q2 25 | 69.9% | 43.5% | ||
| Q1 25 | 69.5% | 40.1% | ||
| Q4 24 | 70.0% | 40.1% | ||
| Q3 24 | 69.7% | 32.2% | ||
| Q2 24 | 70.3% | 39.9% | ||
| Q1 24 | 70.0% | 39.6% |
营业利润率ALGNDKNG
| Q4 25 | 14.8% | 7.6% | ||
| Q3 25 | 9.7% | -23.8% | ||
| Q2 25 | 16.1% | 10.0% | ||
| Q1 25 | 13.4% | -3.3% | ||
| Q4 24 | 14.5% | -10.0% | ||
| Q3 24 | 16.6% | -27.3% | ||
| Q2 24 | 14.3% | -2.9% | ||
| Q1 24 | 15.5% | -11.8% |
净利率ALGNDKNG
| Q4 25 | 13.0% | 6.9% | ||
| Q3 25 | 5.7% | -22.4% | ||
| Q2 25 | 12.3% | 10.4% | ||
| Q1 25 | 9.5% | -2.4% | ||
| Q4 24 | 10.4% | -9.7% | ||
| Q3 24 | 11.9% | -26.8% | ||
| Q2 24 | 9.4% | 5.8% | ||
| Q1 24 | 10.5% | -12.1% |
每股收益（稀释后）ALGNDKNG
| Q4 25 | $1.88 | $0.28 | ||
| Q3 25 | $0.78 | $-0.52 | ||
| Q2 25 | $1.72 | $0.30 | ||
| Q1 25 | $1.27 | $-0.07 | ||
| Q4 24 | $1.40 | $-0.25 | ||
| Q3 24 | $1.55 | $-0.60 | ||
| Q2 24 | $1.28 | $0.10 | ||
| Q1 24 | $1.39 | $-0.30 |
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 | $1.1B | $1.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.0B | $631.5M |
| 总资产 | $6.2B | $4.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ALGNDKNG
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $901.2M | $1.3B | ||
| Q1 25 | $873.0M | $1.1B | ||
| Q4 24 | $1.0B | $788.3M | ||
| Q3 24 | $1.0B | $877.8M | ||
| Q2 24 | $761.4M | $815.9M | ||
| Q1 24 | $865.8M | $1.2B |
股东权益ALGNDKNG
| Q4 25 | $4.0B | $631.5M | ||
| Q3 25 | $4.0B | $732.3M | ||
| Q2 25 | $3.9B | $1.0B | ||
| Q1 25 | $3.8B | $872.9M | ||
| Q4 24 | $3.9B | $1.0B | ||
| Q3 24 | $3.9B | $1.1B | ||
| Q2 24 | $3.8B | $1.3B | ||
| Q1 24 | $3.8B | $831.0M |
总资产ALGNDKNG
| Q4 25 | $6.2B | $4.5B | ||
| Q3 25 | $6.2B | $4.6B | ||
| Q2 25 | $6.2B | $4.5B | ||
| Q1 25 | $6.1B | $4.5B | ||
| Q4 24 | $6.2B | $4.3B | ||
| Q3 24 | $6.4B | $4.3B | ||
| Q2 24 | $6.2B | $4.2B | ||
| Q1 24 | $6.2B | $3.8B |
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 | $223.2M | $320.5M |
| 自由现金流经营现金流 - 资本支出 | $187.3M | $316.5M |
| 自由现金流率自由现金流/营收 | 17.9% | 15.9% |
| 资本支出强度资本支出/营收 | 3.4% | 0.2% |
| 现金转化率经营现金流/净利润 | 1.64× | 2.35× |
| 过去12个月自由现金流最近4个季度 | $490.8M | $647.5M |
8季度趋势，按日历期对齐
经营现金流ALGNDKNG
| Q4 25 | $223.2M | $320.5M | ||
| Q3 25 | $188.7M | $287.5M | ||
| Q2 25 | $128.7M | $173.9M | ||
| Q1 25 | $52.7M | $-119.0M | ||
| Q4 24 | $286.1M | $325.2M | ||
| Q3 24 | $263.7M | $133.6M | ||
| Q2 24 | $159.8M | $29.4M | ||
| Q1 24 | $28.7M | $-70.4M |
自由现金流ALGNDKNG
| Q4 25 | $187.3M | $316.5M | ||
| Q3 25 | $169.0M | $283.0M | ||
| Q2 25 | $107.2M | $169.6M | ||
| Q1 25 | $27.4M | $-121.7M | ||
| Q4 24 | $263.1M | $323.2M | ||
| Q3 24 | $233.9M | $130.9M | ||
| Q2 24 | $106.4M | $27.0M | ||
| Q1 24 | $19.3M | $-73.4M |
自由现金流率ALGNDKNG
| Q4 25 | 17.9% | 15.9% | ||
| Q3 25 | 17.0% | 24.7% | ||
| Q2 25 | 10.6% | 11.2% | ||
| Q1 25 | 2.8% | -8.6% | ||
| Q4 24 | 26.4% | 23.2% | ||
| Q3 24 | 23.9% | 11.9% | ||
| Q2 24 | 10.3% | 2.4% | ||
| Q1 24 | 1.9% | -6.2% |
资本支出强度ALGNDKNG
| Q4 25 | 3.4% | 0.2% | ||
| Q3 25 | 2.0% | 0.4% | ||
| Q2 25 | 2.1% | 0.3% | ||
| Q1 25 | 2.6% | 0.2% | ||
| Q4 24 | 2.3% | 0.1% | ||
| Q3 24 | 3.0% | 0.2% | ||
| Q2 24 | 5.2% | 0.2% | ||
| Q1 24 | 0.9% | 0.3% |
现金转化率ALGNDKNG
| Q4 25 | 1.64× | 2.35× | ||
| Q3 25 | 3.33× | — | ||
| Q2 25 | 1.03× | 1.10× | ||
| Q1 25 | 0.57× | — | ||
| Q4 24 | 2.76× | — | ||
| Q3 24 | 2.27× | — | ||
| Q2 24 | 1.66× | 0.46× | ||
| Q1 24 | 0.27× | — |
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
ALGN
| Systems And Services | $789.6M | 75% |
| Other | $258.0M | 25% |
DKNG
| Sportsbook | $1.4B | 68% |
| I Gaming | $500.2M | 25% |
| Other | $137.9M | 7% |
