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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）与罗技（LOGI）财务数据对比。点击上方公司名可切换其他公司
罗技的季度营收约是AMC ENTERTAINMENT HOLDINGS, INC.的1.1倍（$1.4B vs $1.3B），罗技净利率更高（17.7% vs -9.9%，领先27.5%），罗技同比增速更快（6.1% vs -1.4%），罗技自由现金流更多（$465.6M vs $43.3M），过去两年罗技的营收复合增速更高（18.5% 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。
罗技国际是总部位于瑞士洛桑的跨国企业，专注于计算机外设及相关软件的研发与生产，在欧洲、亚洲、大洋洲、美洲均设有分支机构，为瑞士市场指数成分股，同时在纳斯达克交易所挂牌上市。
AMC vs LOGI — 直观对比
营收规模更大
LOGI
是对方的1.1倍
$1.3B
营收增速更快
LOGI
高出7.4%
-1.4%
净利率更高
LOGI
高出27.5%
-9.9%
自由现金流更多
LOGI
多$422.3M
$43.3M
两年增速更快
LOGI
近两年复合增速
16.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $-127.4M | $251.0M |
| 毛利率 | — | 43.2% |
| 营业利润率 | 0.0% | 20.1% |
| 净利率 | -9.9% | 17.7% |
| 营收同比 | -1.4% | 6.1% |
| 净利润同比 | 6.0% | 25.4% |
| 每股收益（稀释后） | $-0.28 | $1.69 |
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AMCLOGI
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $862.5M | $1.0B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $951.4M | $1.0B |
净利润AMCLOGI
| Q4 25 | $-127.4M | $251.0M | ||
| Q3 25 | $-298.2M | $170.7M | ||
| Q2 25 | $-4.7M | $146.0M | ||
| Q1 25 | $-202.1M | $144.1M | ||
| Q4 24 | $-135.6M | $200.1M | ||
| Q3 24 | $-20.7M | $145.5M | ||
| Q2 24 | $-32.8M | $141.8M | ||
| Q1 24 | $-163.5M | $167.6M |
毛利率AMCLOGI
| Q4 25 | — | 43.2% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 41.7% | ||
| Q1 25 | — | 43.1% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 43.6% | ||
| Q2 24 | — | 42.8% | ||
| Q1 24 | — | 43.2% |
营业利润率AMCLOGI
| Q4 25 | 0.0% | 20.1% | ||
| Q3 25 | 2.8% | 16.1% | ||
| Q2 25 | 6.6% | 14.1% | ||
| Q1 25 | -16.9% | 10.5% | ||
| Q4 24 | 0.4% | 17.5% | ||
| Q3 24 | 5.3% | 14.4% | ||
| Q2 24 | -4.6% | 14.1% | ||
| Q1 24 | -11.4% | 12.9% |
净利率AMCLOGI
| Q4 25 | -9.9% | 17.7% | ||
| Q3 25 | -22.9% | 14.4% | ||
| Q2 25 | -0.3% | 12.7% | ||
| Q1 25 | -23.4% | 14.3% | ||
| Q4 24 | -10.4% | 14.9% | ||
| Q3 24 | -1.5% | 13.0% | ||
| Q2 24 | -3.2% | 13.0% | ||
| Q1 24 | -17.2% | 16.6% |
每股收益（稀释后）AMCLOGI
| Q4 25 | $-0.28 | $1.69 | ||
| Q3 25 | $-0.58 | $1.15 | ||
| Q2 25 | $-0.01 | $0.98 | ||
| Q1 25 | $-0.47 | $0.94 | ||
| Q4 24 | $-0.28 | $1.32 | ||
| Q3 24 | $-0.06 | $0.95 | ||
| Q2 24 | $-0.10 | $0.92 | ||
| Q1 24 | $-0.62 | $1.07 |
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 | $1.8B |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $-1.9B | $2.3B |
| 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AMCLOGI
| Q4 25 | $428.5M | $1.8B | ||
| Q3 25 | $365.8M | $1.4B | ||
| Q2 25 | $423.7M | $1.5B | ||
| Q1 25 | $378.7M | $1.5B | ||
| Q4 24 | $632.3M | $1.5B | ||
| Q3 24 | $527.4M | $1.4B | ||
| Q2 24 | $770.3M | $1.5B | ||
| Q1 24 | $624.2M | $1.5B |
总债务AMCLOGI
| 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AMCLOGI
| Q4 25 | $-1.9B | $2.3B | ||
| Q3 25 | $-1.8B | $2.1B | ||
| Q2 25 | $-1.7B | $2.2B | ||
| Q1 25 | $-1.7B | $2.1B | ||
| Q4 24 | $-1.8B | $2.1B | ||
| Q3 24 | $-1.7B | $2.1B | ||
| Q2 24 | $-1.7B | $2.2B | ||
| Q1 24 | $-2.0B | $2.2B |
总资产AMCLOGI
| Q4 25 | $8.0B | $4.1B | ||
| Q3 25 | $8.0B | $3.7B | ||
| Q2 25 | $8.2B | $3.7B | ||
| Q1 25 | $8.1B | $3.5B | ||
| Q4 24 | $8.2B | $3.7B | ||
| Q3 24 | $8.3B | $3.6B | ||
| Q2 24 | $8.6B | $3.7B | ||
| Q1 24 | $8.5B | $3.6B |
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 | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $43.3M | $465.6M |
| 自由现金流率自由现金流/营收 | 3.4% | 32.8% |
| 资本支出强度资本支出/营收 | 6.5% | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.91× |
| 过去12个月自由现金流最近4个季度 | $-365.9M | $903.6M |
8季度趋势，按日历期对齐
经营现金流AMCLOGI
| Q4 25 | $126.7M | $480.5M | ||
| Q3 25 | $-14.9M | $228.8M | ||
| Q2 25 | $138.4M | $125.0M | ||
| Q1 25 | $-370.0M | $129.7M | ||
| Q4 24 | $203.6M | $370.9M | ||
| Q3 24 | $-31.5M | $166.0M | ||
| Q2 24 | $-34.6M | $176.0M | ||
| Q1 24 | $-188.3M | $239.1M |
自由现金流AMCLOGI
| Q4 25 | $43.3M | $465.6M | ||
| Q3 25 | $-81.1M | $212.3M | ||
| Q2 25 | $88.9M | $108.8M | ||
| Q1 25 | $-417.0M | $116.9M | ||
| Q4 24 | $113.9M | $356.6M | ||
| Q3 24 | $-92.2M | $151.5M | ||
| Q2 24 | $-79.2M | $161.4M | ||
| Q1 24 | $-238.8M | $228.8M |
自由现金流率AMCLOGI
| Q4 25 | 3.4% | 32.8% | ||
| Q3 25 | -6.2% | 17.9% | ||
| Q2 25 | 6.4% | 9.5% | ||
| Q1 25 | -48.3% | 11.6% | ||
| Q4 24 | 8.7% | 26.6% | ||
| Q3 24 | -6.8% | 13.6% | ||
| Q2 24 | -7.7% | 14.8% | ||
| Q1 24 | -25.1% | 22.6% |
资本支出强度AMCLOGI
| Q4 25 | 6.5% | 1.0% | ||
| Q3 25 | 5.1% | 1.4% | ||
| Q2 25 | 3.5% | 1.4% | ||
| Q1 25 | 5.4% | 1.3% | ||
| Q4 24 | 6.9% | 1.1% | ||
| Q3 24 | 4.5% | 1.3% | ||
| Q2 24 | 4.3% | 1.3% | ||
| Q1 24 | 5.3% | 1.0% |
现金转化率AMCLOGI
| Q4 25 | — | 1.91× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | — | 1.43× |
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% |
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
