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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）与Deckers Brands（DECK）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是AMC ENTERTAINMENT HOLDINGS, INC.的1.5倍（$2.0B vs $1.3B），Deckers Brands净利率更高（24.6% vs -9.9%，领先34.5%），Deckers Brands同比增速更快（7.1% vs -1.4%），Deckers Brands自由现金流更多（$1.0B vs $43.3M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 16.4%）
AMC娱乐控股是总部位于美国堪萨斯州利伍德的连锁影院集团，1920年创立于密苏里州堪萨斯城，是全球规模最大的影院运营商，目前在全球共运营约860家影院、总计超过9600块银幕，业务覆盖美国与欧洲多地。
Deckers Brands是1973年成立的美国鞋履设计与分销企业，总部位于加利福尼亚州戈利塔，由道格·奥托与卡尔·F·洛普克共同创立。公司旗下拥有UGG、Teva、Hoka等全球知名鞋履品牌，产品覆盖休闲、户外等多个领域，销往世界多地。
AMC vs DECK — 直观对比
营收规模更大
DECK
是对方的1.5倍
$1.3B
营收增速更快
DECK
高出8.5%
-1.4%
净利率更高
DECK
高出34.5%
-9.9%
自由现金流更多
DECK
多$977.0M
$43.3M
两年增速更快
DECK
近两年复合增速
16.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.0B |
| 净利润 | $-127.4M | $481.1M |
| 毛利率 | — | 59.8% |
| 营业利润率 | 0.0% | 31.4% |
| 净利率 | -9.9% | 24.6% |
| 营收同比 | -1.4% | 7.1% |
| 净利润同比 | 6.0% | 5.3% |
| 每股收益（稀释后） | $-0.28 | $3.33 |
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AMCDECK
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.4B | $964.5M | ||
| Q1 25 | $862.5M | $1.0B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.0B | $825.3M | ||
| Q1 24 | $951.4M | $959.8M |
净利润AMCDECK
| Q4 25 | $-127.4M | $481.1M | ||
| Q3 25 | $-298.2M | $268.2M | ||
| Q2 25 | $-4.7M | $139.2M | ||
| Q1 25 | $-202.1M | $151.4M | ||
| Q4 24 | $-135.6M | $456.7M | ||
| Q3 24 | $-20.7M | $242.3M | ||
| Q2 24 | $-32.8M | $115.6M | ||
| Q1 24 | $-163.5M | $127.5M |
毛利率AMCDECK
| Q4 25 | — | 59.8% | ||
| Q3 25 | — | 56.2% | ||
| Q2 25 | — | 55.8% | ||
| Q1 25 | — | 56.7% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 55.9% | ||
| Q2 24 | — | 56.9% | ||
| Q1 24 | — | 56.2% |
营业利润率AMCDECK
| Q4 25 | 0.0% | 31.4% | ||
| Q3 25 | 2.8% | 22.8% | ||
| Q2 25 | 6.6% | 17.1% | ||
| Q1 25 | -16.9% | 17.0% | ||
| Q4 24 | 0.4% | 31.0% | ||
| Q3 24 | 5.3% | 23.3% | ||
| Q2 24 | -4.6% | 16.1% | ||
| Q1 24 | -11.4% | 15.0% |
净利率AMCDECK
| Q4 25 | -9.9% | 24.6% | ||
| Q3 25 | -22.9% | 18.7% | ||
| Q2 25 | -0.3% | 14.4% | ||
| Q1 25 | -23.4% | 14.8% | ||
| Q4 24 | -10.4% | 25.0% | ||
| Q3 24 | -1.5% | 18.5% | ||
| Q2 24 | -3.2% | 14.0% | ||
| Q1 24 | -17.2% | 13.3% |
每股收益（稀释后）AMCDECK
| Q4 25 | $-0.28 | $3.33 | ||
| Q3 25 | $-0.58 | $1.82 | ||
| Q2 25 | $-0.01 | $0.93 | ||
| Q1 25 | $-0.47 | $-2.78 | ||
| Q4 24 | $-0.28 | $3.00 | ||
| Q3 24 | $-0.06 | $1.59 | ||
| Q2 24 | $-0.10 | $4.52 | ||
| Q1 24 | $-0.62 | $4.82 |
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 | $428.5M | $2.1B |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $-1.9B | $2.6B |
| 总资产 | $8.0B | $4.1B |
| 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AMCDECK
| Q4 25 | $428.5M | $2.1B | ||
| Q3 25 | $365.8M | $1.4B | ||
| Q2 25 | $423.7M | $1.7B | ||
| Q1 25 | $378.7M | $1.9B | ||
| Q4 24 | $632.3M | $2.2B | ||
| Q3 24 | $527.4M | $1.2B | ||
| Q2 24 | $770.3M | $1.4B | ||
| Q1 24 | $624.2M | $1.5B |
总债务AMCDECK
| Q4 25 | $4.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.5B | — |
股东权益AMCDECK
| Q4 25 | $-1.9B | $2.6B | ||
| Q3 25 | $-1.8B | $2.5B | ||
| Q2 25 | $-1.7B | $2.5B | ||
| Q1 25 | $-1.7B | $2.5B | ||
| Q4 24 | $-1.8B | $2.6B | ||
| Q3 24 | $-1.7B | $2.2B | ||
| Q2 24 | $-1.7B | $2.1B | ||
| Q1 24 | $-2.0B | $2.1B |
总资产AMCDECK
| Q4 25 | $8.0B | $4.1B | ||
| Q3 25 | $8.0B | $3.8B | ||
| Q2 25 | $8.2B | $3.8B | ||
| Q1 25 | $8.1B | $3.6B | ||
| Q4 24 | $8.2B | $4.0B | ||
| Q3 24 | $8.3B | $3.4B | ||
| Q2 24 | $8.6B | $3.3B | ||
| Q1 24 | $8.5B | $3.1B |
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 | $126.7M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $43.3M | $1.0B |
| 自由现金流率自由现金流/营收 | 3.4% | 52.1% |
| 资本支出强度资本支出/营收 | 6.5% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.17× |
| 过去12个月自由现金流最近4个季度 | $-365.9M | $929.1M |
8季度趋势，按日历期对齐
经营现金流AMCDECK
| Q4 25 | $126.7M | $1.0B | ||
| Q3 25 | $-14.9M | $8.1M | ||
| Q2 25 | $138.4M | $36.1M | ||
| Q1 25 | $-370.0M | $-73.0M | ||
| Q4 24 | $203.6M | $1.1B | ||
| Q3 24 | $-31.5M | $-90.5M | ||
| Q2 24 | $-34.6M | $112.7M | ||
| Q1 24 | $-188.3M | $-28.7M |
自由现金流AMCDECK
| Q4 25 | $43.3M | $1.0B | ||
| Q3 25 | $-81.1M | $-13.9M | ||
| Q2 25 | $88.9M | $12.2M | ||
| Q1 25 | $-417.0M | $-89.4M | ||
| Q4 24 | $113.9M | $1.1B | ||
| Q3 24 | $-92.2M | $-113.4M | ||
| Q2 24 | $-79.2M | $90.1M | ||
| Q1 24 | $-238.8M | $-44.0M |
自由现金流率AMCDECK
| Q4 25 | 3.4% | 52.1% | ||
| Q3 25 | -6.2% | -1.0% | ||
| Q2 25 | 6.4% | 1.3% | ||
| Q1 25 | -48.3% | -8.8% | ||
| Q4 24 | 8.7% | 58.6% | ||
| Q3 24 | -6.8% | -8.6% | ||
| Q2 24 | -7.7% | 10.9% | ||
| Q1 24 | -25.1% | -4.6% |
资本支出强度AMCDECK
| Q4 25 | 6.5% | 1.1% | ||
| Q3 25 | 5.1% | 1.5% | ||
| Q2 25 | 3.5% | 2.5% | ||
| Q1 25 | 5.4% | 1.6% | ||
| Q4 24 | 6.9% | 1.3% | ||
| Q3 24 | 4.5% | 1.7% | ||
| Q2 24 | 4.3% | 2.7% | ||
| Q1 24 | 5.3% | 1.6% |
现金转化率AMCDECK
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | -0.48× | ||
| Q4 24 | — | 2.40× | ||
| Q3 24 | — | -0.37× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | -0.22× |
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
AMC
| Admission | $701.6M | 54% |
| Food And Beverage | $436.5M | 34% |
| Other | $106.2M | 8% |
| Advertising | $44.0M | 3% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
