vs
艾里逊变速箱控股公司（ALSN）与游戏驿站（GME）财务数据对比。点击上方公司名可切换其他公司
游戏驿站的季度营收约是艾里逊变速箱控股公司的1.1倍（$821.0M vs $737.0M），艾里逊变速箱控股公司净利率更高（13.4% vs 9.4%，领先4.0%），游戏驿站同比增速更快（-4.6% vs -7.4%），艾里逊变速箱控股公司自由现金流更多（$169.0M vs $107.0M），过去两年艾里逊变速箱控股公司的营收复合增速更高（-3.4% vs -32.3%）
艾里逊变速箱控股公司是美国商用自动变速箱及混合动力推进系统生产商，产品获全球250余家整车厂商指定采用，广泛应用于公交、环卫、消防、工程建设、物流配送、军工等多个领域及特种作业场景。
游戏驿站（GameStop Corp.）是美国知名电子游戏、消费电子及游戏周边零售企业，总部位于得克萨斯州格雷普韦恩，是全球规模最大的电子游戏零售商。截至2025年2月，公司在美、加、澳及欧洲地区共运营3203家门店，旗下拥有EB Games、ThinkGeek等多个零售品牌，前身为1984年于达拉斯成立的Babbage's。
ALSN vs GME — 直观对比
营收规模更大
GME
是对方的1.1倍
$737.0M
营收增速更快
GME
高出2.8%
-7.4%
净利率更高
ALSN
高出4.0%
9.4%
自由现金流更多
ALSN
多$62.0M
$107.0M
两年增速更快
ALSN
近两年复合增速
-32.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $737.0M | $821.0M |
| 净利润 | $99.0M | $77.1M |
| 毛利率 | 48.0% | 33.3% |
| 营业利润率 | 23.2% | 5.0% |
| 净利率 | 13.4% | 9.4% |
| 营收同比 | -7.4% | -4.6% |
| 净利润同比 | -43.4% | 343.1% |
| 每股收益（稀释后） | $1.18 | $0.13 |
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ALSNGME
| Q4 25 | $737.0M | $821.0M | ||
| Q3 25 | $693.0M | $972.2M | ||
| Q2 25 | $814.0M | $732.4M | ||
| Q1 25 | $766.0M | $1.3B | ||
| Q4 24 | $796.0M | $860.3M | ||
| Q3 24 | $824.0M | $798.3M | ||
| Q2 24 | $816.0M | $881.8M | ||
| Q1 24 | $789.0M | $1.8B |
净利润ALSNGME
| Q4 25 | $99.0M | $77.1M | ||
| Q3 25 | $137.0M | $168.6M | ||
| Q2 25 | $195.0M | $44.8M | ||
| Q1 25 | $192.0M | $131.4M | ||
| Q4 24 | $175.0M | $17.4M | ||
| Q3 24 | $200.0M | $14.8M | ||
| Q2 24 | $187.0M | $-32.3M | ||
| Q1 24 | $169.0M | $63.1M |
毛利率ALSNGME
| Q4 25 | 48.0% | 33.3% | ||
| Q3 25 | 47.5% | 29.1% | ||
| Q2 25 | 49.4% | 34.5% | ||
| Q1 25 | 49.3% | 28.3% | ||
| Q4 24 | 46.9% | 29.9% | ||
| Q3 24 | 48.1% | 31.2% | ||
| Q2 24 | 48.3% | 27.7% | ||
| Q1 24 | 46.4% | 23.4% |
营业利润率ALSNGME
| Q4 25 | 23.2% | 5.0% | ||
| Q3 25 | 29.4% | 6.8% | ||
| Q2 25 | 31.4% | -1.5% | ||
| Q1 25 | 32.5% | 6.2% | ||
| Q4 24 | 29.5% | -3.9% | ||
| Q3 24 | 31.6% | -2.8% | ||
| Q2 24 | 32.2% | -5.7% | ||
| Q1 24 | 29.7% | 3.1% |
净利率ALSNGME
| Q4 25 | 13.4% | 9.4% | ||
| Q3 25 | 19.8% | 17.3% | ||
| Q2 25 | 24.0% | 6.1% | ||
| Q1 25 | 25.1% | 10.2% | ||
| Q4 24 | 22.0% | 2.0% | ||
| Q3 24 | 24.3% | 1.9% | ||
| Q2 24 | 22.9% | -3.7% | ||
| Q1 24 | 21.4% | 3.5% |
每股收益（稀释后）ALSNGME
| Q4 25 | $1.18 | $0.13 | ||
| Q3 25 | $1.63 | $0.31 | ||
| Q2 25 | $2.29 | $0.09 | ||
| Q1 25 | $2.23 | $0.36 | ||
| Q4 24 | $2.01 | $0.04 | ||
| Q3 24 | $2.27 | $0.04 | ||
| Q2 24 | $2.13 | $-0.11 | ||
| Q1 24 | $1.90 | $0.21 |
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 | $1.5B | $8.8B |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $1.9B | $5.3B |
| 总资产 | $6.1B | $10.6B |
| 负债/权益比越低杠杆越低 | 1.56× | — |
8季度趋势，按日历期对齐
现金及短期投资ALSNGME
| Q4 25 | $1.5B | $8.8B | ||
| Q3 25 | $902.0M | $8.7B | ||
| Q2 25 | $778.0M | $6.4B | ||
| Q1 25 | $753.0M | $4.8B | ||
| Q4 24 | $781.0M | $4.6B | ||
| Q3 24 | $788.0M | $4.2B | ||
| Q2 24 | $648.0M | $1.1B | ||
| Q1 24 | $551.0M | $1.2B |
总债务ALSNGME
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | $16.9M | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | $28.5M |
股东权益ALSNGME
| Q4 25 | $1.9B | $5.3B | ||
| Q3 25 | $1.8B | $5.2B | ||
| Q2 25 | $1.8B | $5.0B | ||
| Q1 25 | $1.7B | $4.9B | ||
| Q4 24 | $1.7B | $4.8B | ||
| Q3 24 | $1.6B | $4.4B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.3B | $1.3B |
总资产ALSNGME
| Q4 25 | $6.1B | $10.6B | ||
| Q3 25 | $5.5B | $10.3B | ||
| Q2 25 | $5.4B | $7.5B | ||
| Q1 25 | $5.4B | $5.9B | ||
| Q4 24 | $5.3B | $6.2B | ||
| Q3 24 | $5.4B | $5.5B | ||
| Q2 24 | $5.2B | $2.6B | ||
| Q1 24 | $5.1B | $2.7B |
负债/权益比ALSNGME
| Q4 25 | 1.56× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.45× | 0.00× | ||
| Q4 24 | 1.46× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.63× | — | ||
| Q1 24 | 1.80× | 0.02× |
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 | $243.0M | $111.3M |
| 自由现金流经营现金流 - 资本支出 | $169.0M | $107.0M |
| 自由现金流率自由现金流/营收 | 22.9% | 13.0% |
| 资本支出强度资本支出/营收 | 10.0% | 0.5% |
| 现金转化率经营现金流/净利润 | 2.45× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $661.0M | $568.7M |
8季度趋势，按日历期对齐
经营现金流ALSNGME
| Q4 25 | $243.0M | $111.3M | ||
| Q3 25 | $228.0M | $117.4M | ||
| Q2 25 | $184.0M | $192.5M | ||
| Q1 25 | $181.0M | $162.3M | ||
| Q4 24 | $211.0M | $24.6M | ||
| Q3 24 | $246.0M | $68.6M | ||
| Q2 24 | $171.0M | $-109.8M | ||
| Q1 24 | $173.0M | $-11.0M |
自由现金流ALSNGME
| Q4 25 | $169.0M | $107.0M | ||
| Q3 25 | $184.0M | $113.3M | ||
| Q2 25 | $153.0M | $189.6M | ||
| Q1 25 | $155.0M | $158.8M | ||
| Q4 24 | $136.0M | $20.0M | ||
| Q3 24 | $210.0M | $65.5M | ||
| Q2 24 | $150.0M | $-114.7M | ||
| Q1 24 | $162.0M | $-18.7M |
自由现金流率ALSNGME
| Q4 25 | 22.9% | 13.0% | ||
| Q3 25 | 26.6% | 11.7% | ||
| Q2 25 | 18.8% | 25.9% | ||
| Q1 25 | 20.2% | 12.4% | ||
| Q4 24 | 17.1% | 2.3% | ||
| Q3 24 | 25.5% | 8.2% | ||
| Q2 24 | 18.4% | -13.0% | ||
| Q1 24 | 20.5% | -1.0% |
资本支出强度ALSNGME
| Q4 25 | 10.0% | 0.5% | ||
| Q3 25 | 6.3% | 0.4% | ||
| Q2 25 | 3.8% | 0.4% | ||
| Q1 25 | 3.4% | 0.3% | ||
| Q4 24 | 9.4% | 0.5% | ||
| Q3 24 | 4.4% | 0.4% | ||
| Q2 24 | 2.6% | 0.6% | ||
| Q1 24 | 1.4% | 0.4% |
现金转化率ALSNGME
| Q4 25 | 2.45× | 1.44× | ||
| Q3 25 | 1.66× | 0.70× | ||
| Q2 25 | 0.94× | 4.30× | ||
| Q1 25 | 0.94× | 1.24× | ||
| Q4 24 | 1.21× | 1.41× | ||
| Q3 24 | 1.23× | 4.64× | ||
| Q2 24 | 0.91× | — | ||
| Q1 24 | 1.02× | -0.17× |
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
ALSN
| North America On Highway | $361.0M | 49% |
| Service Parts Support Equipment And Other | $160.0M | 22% |
| Outside North America On Highway | $131.0M | 18% |
| Defense | $73.0M | 10% |
| Global Off-Highway | $12.0M | 2% |
GME
| Hardware And Accessories | $367.4M | 45% |
| Collectibles | $256.1M | 31% |
| Software | $197.5M | 24% |
