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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）与Dream Finders Homes, Inc.（DFH）财务数据对比。点击上方公司名可切换其他公司
AMC ENTERTAINMENT HOLDINGS, INC.的季度营收约是Dream Finders Homes, Inc.的1.1倍（$1.3B vs $1.2B），Dream Finders Homes, Inc.净利率更高（4.8% vs -9.9%，领先14.7%），AMC ENTERTAINMENT HOLDINGS, INC.同比增速更快（-1.4% vs -22.3%），Dream Finders Homes, Inc.自由现金流更多（$136.0M vs $43.3M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% 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。
美国住宅建筑商Dream Finders Homes主要建造并销售独栋住宅、联排别墅等覆盖入门级到高端档次的居住物业，业务布局美国多个高速增长区域，同时为购房者提供按揭融资、产权保险、房屋保修等配套服务，覆盖各类客户群体。
AMC vs DFH — 直观对比
营收规模更大
AMC
是对方的1.1倍
$1.2B
营收增速更快
AMC
高出20.9%
-22.3%
净利率更高
DFH
高出14.7%
-9.9%
自由现金流更多
DFH
多$92.7M
$43.3M
两年增速更快
DFH
近两年复合增速
16.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $-127.4M | $58.8M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | 6.4% |
| 净利率 | -9.9% | 4.8% |
| 营收同比 | -1.4% | -22.3% |
| 净利润同比 | 6.0% | -54.9% |
| 每股收益（稀释后） | $-0.28 | $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AMCDFH
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $969.8M | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $862.5M | $989.9M | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $951.4M | $827.8M |
净利润AMCDFH
| Q4 25 | $-127.4M | $58.8M | ||
| Q3 25 | $-298.2M | $47.0M | ||
| Q2 25 | $-4.7M | $56.6M | ||
| Q1 25 | $-202.1M | $54.9M | ||
| Q4 24 | $-135.6M | $130.5M | ||
| Q3 24 | $-20.7M | $70.7M | ||
| Q2 24 | $-32.8M | $80.9M | ||
| Q1 24 | $-163.5M | $54.5M |
毛利率AMCDFH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 18.0% |
营业利润率AMCDFH
| Q4 25 | 0.0% | 6.4% | ||
| Q3 25 | 2.8% | 6.3% | ||
| Q2 25 | 6.6% | 6.4% | ||
| Q1 25 | -16.9% | 7.2% | ||
| Q4 24 | 0.4% | 10.8% | ||
| Q3 24 | 5.3% | 9.2% | ||
| Q2 24 | -4.6% | 10.0% | ||
| Q1 24 | -11.4% | 8.6% |
净利率AMCDFH
| Q4 25 | -9.9% | 4.8% | ||
| Q3 25 | -22.9% | 4.8% | ||
| Q2 25 | -0.3% | 4.9% | ||
| Q1 25 | -23.4% | 5.5% | ||
| Q4 24 | -10.4% | 8.4% | ||
| Q3 24 | -1.5% | 7.0% | ||
| Q2 24 | -3.2% | 7.7% | ||
| Q1 24 | -17.2% | 6.6% |
每股收益（稀释后）AMCDFH
| Q4 25 | $-0.28 | $0.57 | ||
| Q3 25 | $-0.58 | $0.47 | ||
| Q2 25 | $-0.01 | $0.56 | ||
| Q1 25 | $-0.47 | $0.54 | ||
| Q4 24 | $-0.28 | $1.28 | ||
| Q3 24 | $-0.06 | $0.70 | ||
| Q2 24 | $-0.10 | $0.81 | ||
| Q1 24 | $-0.62 | $0.55 |
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 | $234.8M |
| 总债务越低越好 | $4.0B | $1.6B |
| 股东权益账面价值 | $-1.9B | $1.4B |
| 总资产 | $8.0B | $3.7B |
| 负债/权益比越低杠杆越低 | — | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资AMCDFH
| Q4 25 | $428.5M | $234.8M | ||
| Q3 25 | $365.8M | $251.0M | ||
| Q2 25 | $423.7M | $210.3M | ||
| Q1 25 | $378.7M | $297.5M | ||
| Q4 24 | $632.3M | $274.4M | ||
| Q3 24 | $527.4M | $204.9M | ||
| Q2 24 | $770.3M | $274.8M | ||
| Q1 24 | $624.2M | $239.4M |
总债务AMCDFH
| Q4 25 | $4.0B | $1.6B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.1B | $1.3B | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.5B | — |
股东权益AMCDFH
| Q4 25 | $-1.9B | $1.4B | ||
| Q3 25 | $-1.8B | $1.4B | ||
| Q2 25 | $-1.7B | $1.3B | ||
| Q1 25 | $-1.7B | $1.3B | ||
| Q4 24 | $-1.8B | $1.2B | ||
| Q3 24 | $-1.7B | $1.1B | ||
| Q2 24 | $-1.7B | $1.0B | ||
| Q1 24 | $-2.0B | $968.7M |
总资产AMCDFH
| Q4 25 | $8.0B | $3.7B | ||
| Q3 25 | $8.0B | $3.8B | ||
| Q2 25 | $8.2B | $3.7B | ||
| Q1 25 | $8.1B | $3.5B | ||
| Q4 24 | $8.2B | $3.3B | ||
| Q3 24 | $8.3B | $3.3B | ||
| Q2 24 | $8.6B | $3.0B | ||
| Q1 24 | $8.5B | $2.7B |
负债/权益比AMCDFH
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $143.6M |
| 自由现金流经营现金流 - 资本支出 | $43.3M | $136.0M |
| 自由现金流率自由现金流/营收 | 3.4% | 11.2% |
| 资本支出强度资本支出/营收 | 6.5% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 2.44× |
| 过去12个月自由现金流最近4个季度 | $-365.9M | $-126.4M |
8季度趋势，按日历期对齐
经营现金流AMCDFH
| Q4 25 | $126.7M | $143.6M | ||
| Q3 25 | $-14.9M | $-131.0M | ||
| Q2 25 | $138.4M | $-68.5M | ||
| Q1 25 | $-370.0M | $-44.7M | ||
| Q4 24 | $203.6M | $306.5M | ||
| Q3 24 | $-31.5M | $-205.0M | ||
| Q2 24 | $-34.6M | $-110.6M | ||
| Q1 24 | $-188.3M | $-247.5M |
自由现金流AMCDFH
| Q4 25 | $43.3M | $136.0M | ||
| Q3 25 | $-81.1M | $-135.7M | ||
| Q2 25 | $88.9M | $-78.8M | ||
| Q1 25 | $-417.0M | $-47.9M | ||
| Q4 24 | $113.9M | $302.6M | ||
| Q3 24 | $-92.2M | $-222.5M | ||
| Q2 24 | $-79.2M | $-112.4M | ||
| Q1 24 | $-238.8M | $-249.6M |
自由现金流率AMCDFH
| Q4 25 | 3.4% | 11.2% | ||
| Q3 25 | -6.2% | -14.0% | ||
| Q2 25 | 6.4% | -6.8% | ||
| Q1 25 | -48.3% | -4.8% | ||
| Q4 24 | 8.7% | 19.4% | ||
| Q3 24 | -6.8% | -22.1% | ||
| Q2 24 | -7.7% | -10.6% | ||
| Q1 24 | -25.1% | -30.2% |
资本支出强度AMCDFH
| Q4 25 | 6.5% | 0.6% | ||
| Q3 25 | 5.1% | 0.5% | ||
| Q2 25 | 3.5% | 0.9% | ||
| Q1 25 | 5.4% | 0.3% | ||
| Q4 24 | 6.9% | 0.3% | ||
| Q3 24 | 4.5% | 1.7% | ||
| Q2 24 | 4.3% | 0.2% | ||
| Q1 24 | 5.3% | 0.3% |
现金转化率AMCDFH
| Q4 25 | — | 2.44× | ||
| Q3 25 | — | -2.79× | ||
| Q2 25 | — | -1.21× | ||
| Q1 25 | — | -0.81× | ||
| Q4 24 | — | 2.35× | ||
| Q3 24 | — | -2.90× | ||
| Q2 24 | — | -1.37× | ||
| Q1 24 | — | -4.54× |
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% |
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
