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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）与礼蓝动物保健（ELAN）财务数据对比。点击上方公司名可切换其他公司
AMC ENTERTAINMENT HOLDINGS, INC.的季度营收约是礼蓝动物保健的1.1倍（$1.3B vs $1.1B），AMC ENTERTAINMENT HOLDINGS, INC.净利率更高（-9.9% vs -24.1%，领先14.2%），礼蓝动物保健同比增速更快（12.2% vs -1.4%），礼蓝动物保健自由现金流更多（$46.0M vs $43.3M），过去两年AMC ENTERTAINMENT HOLDINGS, INC.的营收复合增速更高（16.4% vs -2.6%）
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。
礼蓝动物保健是一家美国动物保健制药企业，专注于生产宠物及家畜用药品与疫苗。该公司原为礼来公司旗下子公司，2019年完成分拆独立，目前是全球第三大动物保健企业。
AMC vs ELAN — 直观对比
营收规模更大
AMC
是对方的1.1倍
$1.1B
营收增速更快
ELAN
高出13.5%
-1.4%
净利率更高
AMC
高出14.2%
-24.1%
自由现金流更多
ELAN
多$2.7M
$43.3M
两年增速更快
AMC
近两年复合增速
-2.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.1B |
| 净利润 | $-127.4M | $-276.0M |
| 毛利率 | — | 51.5% |
| 营业利润率 | 0.0% | -22.6% |
| 净利率 | -9.9% | -24.1% |
| 营收同比 | -1.4% | 12.2% |
| 净利润同比 | 6.0% | -3350.0% |
| 每股收益（稀释后） | $-0.28 | $-0.55 |
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AMCELAN
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $862.5M | $1.2B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.0B | $1.2B | ||
| Q1 24 | $951.4M | $1.2B |
净利润AMCELAN
| Q4 25 | $-127.4M | $-276.0M | ||
| Q3 25 | $-298.2M | $-34.0M | ||
| Q2 25 | $-4.7M | $11.0M | ||
| Q1 25 | $-202.1M | $67.0M | ||
| Q4 24 | $-135.6M | $-8.0M | ||
| Q3 24 | $-20.7M | $364.0M | ||
| Q2 24 | $-32.8M | $-50.0M | ||
| Q1 24 | $-163.5M | $32.0M |
毛利率AMCELAN
| Q4 25 | — | 51.5% | ||
| Q3 25 | — | 53.4% | ||
| Q2 25 | — | 57.5% | ||
| Q1 25 | — | 57.3% | ||
| Q4 24 | — | 50.9% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 58.2% | ||
| Q1 24 | — | 57.3% |
营业利润率AMCELAN
| Q4 25 | 0.0% | -22.6% | ||
| Q3 25 | 2.8% | -4.4% | ||
| Q2 25 | 6.6% | 2.0% | ||
| Q1 25 | -16.9% | 5.0% | ||
| Q4 24 | 0.4% | -5.0% | ||
| Q3 24 | 5.3% | 54.3% | ||
| Q2 24 | -4.6% | -2.7% | ||
| Q1 24 | -11.4% | 1.0% |
净利率AMCELAN
| Q4 25 | -9.9% | -24.1% | ||
| Q3 25 | -22.9% | -3.0% | ||
| Q2 25 | -0.3% | 0.9% | ||
| Q1 25 | -23.4% | 5.6% | ||
| Q4 24 | -10.4% | -0.8% | ||
| Q3 24 | -1.5% | 35.3% | ||
| Q2 24 | -3.2% | -4.2% | ||
| Q1 24 | -17.2% | 2.7% |
每股收益（稀释后）AMCELAN
| Q4 25 | $-0.28 | $-0.55 | ||
| Q3 25 | $-0.58 | $-0.07 | ||
| Q2 25 | $-0.01 | $0.02 | ||
| Q1 25 | $-0.47 | $0.13 | ||
| Q4 24 | $-0.28 | $-0.01 | ||
| Q3 24 | $-0.06 | $0.73 | ||
| Q2 24 | $-0.10 | $-0.10 | ||
| Q1 24 | $-0.62 | $0.06 |
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 | $545.0M |
| 总债务越低越好 | $4.0B | $3.9B |
| 股东权益账面价值 | $-1.9B | $6.5B |
| 总资产 | $8.0B | $13.4B |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资AMCELAN
| Q4 25 | $428.5M | $545.0M | ||
| Q3 25 | $365.8M | $505.0M | ||
| Q2 25 | $423.7M | $539.0M | ||
| Q1 25 | $378.7M | $487.0M | ||
| Q4 24 | $632.3M | $468.0M | ||
| Q3 24 | $527.4M | $490.0M | ||
| Q2 24 | $770.3M | $416.0M | ||
| Q1 24 | $624.2M | $345.0M |
总债务AMCELAN
| Q4 25 | $4.0B | $3.9B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | $4.1B | $4.4B | ||
| Q4 24 | $4.1B | $4.3B | ||
| Q3 24 | $4.2B | $4.4B | ||
| Q2 24 | $4.3B | $5.7B | ||
| Q1 24 | $4.5B | $5.8B |
股东权益AMCELAN
| Q4 25 | $-1.9B | $6.5B | ||
| Q3 25 | $-1.8B | $6.7B | ||
| Q2 25 | $-1.7B | $6.8B | ||
| Q1 25 | $-1.7B | $6.4B | ||
| Q4 24 | $-1.8B | $6.1B | ||
| Q3 24 | $-1.7B | $6.5B | ||
| Q2 24 | $-1.7B | $5.9B | ||
| Q1 24 | $-2.0B | $6.1B |
总资产AMCELAN
| Q4 25 | $8.0B | $13.4B | ||
| Q3 25 | $8.0B | $13.6B | ||
| Q2 25 | $8.2B | $13.7B | ||
| Q1 25 | $8.1B | $12.9B | ||
| Q4 24 | $8.2B | $12.6B | ||
| Q3 24 | $8.3B | $13.3B | ||
| Q2 24 | $8.6B | $13.8B | ||
| Q1 24 | $8.5B | $14.0B |
负债/权益比AMCELAN
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 0.95× |
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 | $108.0M |
| 自由现金流经营现金流 - 资本支出 | $43.3M | $46.0M |
| 自由现金流率自由现金流/营收 | 3.4% | 4.0% |
| 资本支出强度资本支出/营收 | 6.5% | 5.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-365.9M | $284.0M |
8季度趋势，按日历期对齐
经营现金流AMCELAN
| Q4 25 | $126.7M | $108.0M | ||
| Q3 25 | $-14.9M | $219.0M | ||
| Q2 25 | $138.4M | $237.0M | ||
| Q1 25 | $-370.0M | $-4.0M | ||
| Q4 24 | $203.6M | $177.0M | ||
| Q3 24 | $-31.5M | $162.0M | ||
| Q2 24 | $-34.6M | $200.0M | ||
| Q1 24 | $-188.3M | $2.0M |
自由现金流AMCELAN
| Q4 25 | $43.3M | $46.0M | ||
| Q3 25 | $-81.1M | $127.0M | ||
| Q2 25 | $88.9M | $180.0M | ||
| Q1 25 | $-417.0M | $-69.0M | ||
| Q4 24 | $113.9M | $130.0M | ||
| Q3 24 | $-92.2M | $120.0M | ||
| Q2 24 | $-79.2M | $166.0M | ||
| Q1 24 | $-238.8M | $-22.0M |
自由现金流率AMCELAN
| Q4 25 | 3.4% | 4.0% | ||
| Q3 25 | -6.2% | 11.2% | ||
| Q2 25 | 6.4% | 14.5% | ||
| Q1 25 | -48.3% | -5.8% | ||
| Q4 24 | 8.7% | 12.7% | ||
| Q3 24 | -6.8% | 11.7% | ||
| Q2 24 | -7.7% | 14.0% | ||
| Q1 24 | -25.1% | -1.8% |
资本支出强度AMCELAN
| Q4 25 | 6.5% | 5.4% | ||
| Q3 25 | 5.1% | 8.1% | ||
| Q2 25 | 3.5% | 4.6% | ||
| Q1 25 | 5.4% | 5.4% | ||
| Q4 24 | 6.9% | 4.6% | ||
| Q3 24 | 4.5% | 4.1% | ||
| Q2 24 | 4.3% | 2.9% | ||
| Q1 24 | 5.3% | 2.0% |
现金转化率AMCELAN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 21.55× | ||
| Q1 25 | — | -0.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.45× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.06× |
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% |
ELAN
| Pet Health | $489.0M | 43% |
| Cattle | $296.0M | 26% |
| Poultry | $237.0M | 21% |
| Swine | $107.0M | 9% |
| Contract Manufacturing | $15.0M | 1% |
