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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）与美国艺电（EA）财务数据对比。点击上方公司名可切换其他公司
美国艺电的季度营收约是AMC ENTERTAINMENT HOLDINGS, INC.的1.5倍（$1.9B vs $1.3B）。美国艺电净利率更高（4.6% vs -9.9%，领先14.5%）。美国艺电同比增速更快（1.0% vs -1.4%）。过去两年AMC ENTERTAINMENT HOLDINGS, INC.的营收复合增速更高（16.4% vs 3.4%）
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。
美国艺电（EA）是总部位于美国加利福尼亚州雷德伍德城的电子游戏企业，1982年5月由前苹果员工特里普·霍金斯创立。作为早期家用电脑游戏行业的先驱，公司将旗下游戏设计师与程序员称作“软件艺术家”，是全球知名的游戏厂商。
AMC vs EA — 直观对比
营收规模更大
EA
是对方的1.5倍
$1.3B
营收增速更快
EA
高出2.3%
-1.4%
净利率更高
EA
高出14.5%
-9.9%
两年增速更快
AMC
近两年复合增速
3.4%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.9B |
| 净利润 | $-127.4M | $88.0M |
| 毛利率 | — | 73.8% |
| 营业利润率 | 0.0% | 6.7% |
| 净利率 | -9.9% | 4.6% |
| 营收同比 | -1.4% | 1.0% |
| 净利润同比 | 6.0% | -70.0% |
| 每股收益（稀释后） | $-0.28 | $0.35 |
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AMCEA
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $862.5M | $1.9B | ||
| Q4 24 | $1.3B | $1.9B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $1.0B | $1.7B | ||
| Q1 24 | $951.4M | $1.8B |
净利润AMCEA
| Q4 25 | $-127.4M | $88.0M | ||
| Q3 25 | $-298.2M | $137.0M | ||
| Q2 25 | $-4.7M | $201.0M | ||
| Q1 25 | $-202.1M | $254.0M | ||
| Q4 24 | $-135.6M | $293.0M | ||
| Q3 24 | $-20.7M | $294.0M | ||
| Q2 24 | $-32.8M | $280.0M | ||
| Q1 24 | $-163.5M | $182.0M |
毛利率AMCEA
| Q4 25 | — | 73.8% | ||
| Q3 25 | — | 75.9% | ||
| Q2 25 | — | 83.3% | ||
| Q1 25 | — | 80.6% | ||
| Q4 24 | — | 75.8% | ||
| Q3 24 | — | 77.5% | ||
| Q2 24 | — | 84.2% | ||
| Q1 24 | — | 79.9% |
营业利润率AMCEA
| Q4 25 | 0.0% | 6.7% | ||
| Q3 25 | 2.8% | 10.9% | ||
| Q2 25 | 6.6% | 16.2% | ||
| Q1 25 | -16.9% | 20.8% | ||
| Q4 24 | 0.4% | 20.0% | ||
| Q3 24 | 5.3% | 19.0% | ||
| Q2 24 | -4.6% | 21.9% | ||
| Q1 24 | -11.4% | 13.2% |
净利率AMCEA
| Q4 25 | -9.9% | 4.6% | ||
| Q3 25 | -22.9% | 7.4% | ||
| Q2 25 | -0.3% | 12.0% | ||
| Q1 25 | -23.4% | 13.4% | ||
| Q4 24 | -10.4% | 15.6% | ||
| Q3 24 | -1.5% | 14.5% | ||
| Q2 24 | -3.2% | 16.9% | ||
| Q1 24 | -17.2% | 10.2% |
每股收益（稀释后）AMCEA
| Q4 25 | $-0.28 | $0.35 | ||
| Q3 25 | $-0.58 | $0.54 | ||
| Q2 25 | $-0.01 | $0.79 | ||
| Q1 25 | $-0.47 | $0.99 | ||
| Q4 24 | $-0.28 | $1.11 | ||
| Q3 24 | $-0.06 | $1.11 | ||
| Q2 24 | $-0.10 | $1.04 | ||
| Q1 24 | $-0.62 | $0.67 |
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 | $2.8B |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $-1.9B | $6.2B |
| 总资产 | $8.0B | $13.3B |
| 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AMCEA
| Q4 25 | $428.5M | $2.8B | ||
| Q3 25 | $365.8M | $1.1B | ||
| Q2 25 | $423.7M | $1.5B | ||
| Q1 25 | $378.7M | $2.1B | ||
| Q4 24 | $632.3M | $2.8B | ||
| Q3 24 | $527.4M | $2.2B | ||
| Q2 24 | $770.3M | $2.4B | ||
| Q1 24 | $624.2M | $2.9B |
总债务AMCEA
| 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AMCEA
| Q4 25 | $-1.9B | $6.2B | ||
| Q3 25 | $-1.8B | $6.0B | ||
| Q2 25 | $-1.7B | $6.1B | ||
| Q1 25 | $-1.7B | $6.4B | ||
| Q4 24 | $-1.8B | $7.4B | ||
| Q3 24 | $-1.7B | $7.4B | ||
| Q2 24 | $-1.7B | $7.4B | ||
| Q1 24 | $-2.0B | $7.5B |
总资产AMCEA
| Q4 25 | $8.0B | $13.3B | ||
| Q3 25 | $8.0B | $11.9B | ||
| Q2 25 | $8.2B | $11.7B | ||
| Q1 25 | $8.1B | $12.4B | ||
| Q4 24 | $8.2B | $13.5B | ||
| Q3 24 | $8.3B | $13.1B | ||
| Q2 24 | $8.6B | $12.7B | ||
| Q1 24 | $8.5B | $13.4B |
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 | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $43.3M | — |
| 自由现金流率自由现金流/营收 | 3.4% | — |
| 资本支出强度资本支出/营收 | 6.5% | — |
| 现金转化率经营现金流/净利润 | — | 20.75× |
| 过去12个月自由现金流最近4个季度 | $-365.9M | — |
8季度趋势，按日历期对齐
经营现金流AMCEA
| Q4 25 | $126.7M | $1.8B | ||
| Q3 25 | $-14.9M | $130.0M | ||
| Q2 25 | $138.4M | $17.0M | ||
| Q1 25 | $-370.0M | $549.0M | ||
| Q4 24 | $203.6M | $1.2B | ||
| Q3 24 | $-31.5M | $234.0M | ||
| Q2 24 | $-34.6M | $120.0M | ||
| Q1 24 | $-188.3M | $580.0M |
自由现金流AMCEA
| Q4 25 | $43.3M | — | ||
| Q3 25 | $-81.1M | — | ||
| Q2 25 | $88.9M | — | ||
| Q1 25 | $-417.0M | — | ||
| Q4 24 | $113.9M | — | ||
| Q3 24 | $-92.2M | — | ||
| Q2 24 | $-79.2M | — | ||
| Q1 24 | $-238.8M | — |
自由现金流率AMCEA
| Q4 25 | 3.4% | — | ||
| Q3 25 | -6.2% | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | -48.3% | — | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | -6.8% | — | ||
| Q2 24 | -7.7% | — | ||
| Q1 24 | -25.1% | — |
资本支出强度AMCEA
| Q4 25 | 6.5% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 5.3% | — |
现金转化率AMCEA
| Q4 25 | — | 20.75× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 2.16× | ||
| Q4 24 | — | 4.01× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 3.19× |
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% |
EA
| Live Services And Other Net Revenue | $1.3B | 67% |
| PC And Other Net Revenue | $465.0M | 24% |
| Packaged Goods Net Revenue | $86.0M | 5% |
| Other | $56.0M | 3% |
| Estimated Service Offering Period | $25.0M | 1% |
