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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）与NEXSTAR MEDIA GROUP, INC.（NXST）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NEXSTAR MEDIA GROUP, INC.的1.0倍（$1.3B vs $1.3B），AMC ENTERTAINMENT HOLDINGS, INC.净利率更高（-9.9% vs -12.9%，领先3.0%），AMC ENTERTAINMENT HOLDINGS, INC.同比增速更快（-1.4% vs -13.4%），NEXSTAR MEDIA GROUP, INC.自由现金流更多（$136.0M vs $43.3M），过去两年AMC ENTERTAINMENT HOLDINGS, INC.的营收复合增速更高（16.4% vs 0.2%）
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。
Nexstar Media Group, Inc.是美国上市传媒企业，总部设于得克萨斯州欧文、曼哈顿中城及芝加哥，1996年6月17日成立。作为美国规模最大的电视台运营商，集团在全美共拥有197家电视台，多数为美国四大广播电视网及MyNetworkTV附属台，覆盖从纽约到得州圣安杰洛等不同规模的市场。
AMC vs NXST — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.3B |
| 净利润 | $-127.4M | $-166.0M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | 18.7% |
| 净利率 | -9.9% | -12.9% |
| 营收同比 | -1.4% | -13.4% |
| 净利润同比 | 6.0% | -168.6% |
| 每股收益（稀释后） | $-0.28 | $-5.57 |
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
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $862.5M | $1.2B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.0B | $1.3B | ||
| Q1 24 | $951.4M | $1.3B |
| Q4 25 | $-127.4M | $-166.0M | ||
| Q3 25 | $-298.2M | $70.0M | ||
| Q2 25 | $-4.7M | $97.0M | ||
| Q1 25 | $-202.1M | $108.0M | ||
| Q4 24 | $-135.6M | $242.0M | ||
| Q3 24 | $-20.7M | $187.0M | ||
| Q2 24 | $-32.8M | $118.0M | ||
| Q1 24 | $-163.5M | $175.0M |
| Q4 25 | 0.0% | 18.7% | ||
| Q3 25 | 2.8% | 14.6% | ||
| Q2 25 | 6.6% | 17.3% | ||
| Q1 25 | -16.9% | 17.8% | ||
| Q4 24 | 0.4% | 28.1% | ||
| Q3 24 | 5.3% | 24.5% | ||
| Q2 24 | -4.6% | 18.9% | ||
| Q1 24 | -11.4% | 21.4% |
| Q4 25 | -9.9% | -12.9% | ||
| Q3 25 | -22.9% | 5.8% | ||
| Q2 25 | -0.3% | 7.9% | ||
| Q1 25 | -23.4% | 8.8% | ||
| Q4 24 | -10.4% | 16.3% | ||
| Q3 24 | -1.5% | 13.7% | ||
| Q2 24 | -3.2% | 9.3% | ||
| Q1 24 | -17.2% | 13.6% |
| Q4 25 | $-0.28 | $-5.57 | ||
| Q3 25 | $-0.58 | $2.14 | ||
| Q2 25 | $-0.01 | $3.06 | ||
| Q1 25 | $-0.47 | $3.37 | ||
| Q4 24 | $-0.28 | $7.44 | ||
| Q3 24 | $-0.06 | $5.27 | ||
| Q2 24 | $-0.10 | $3.54 | ||
| Q1 24 | $-0.62 | $5.16 |
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 | $280.0M |
| 总债务越低越好 | $4.0B | $6.3B |
| 股东权益账面价值 | $-1.9B | $2.1B |
| 总资产 | $8.0B | $10.8B |
| 负债/权益比越低杠杆越低 | — | 3.07× |
8季度趋势，按日历期对齐
| Q4 25 | $428.5M | $280.0M | ||
| Q3 25 | $365.8M | $236.0M | ||
| Q2 25 | $423.7M | $234.0M | ||
| Q1 25 | $378.7M | $253.0M | ||
| Q4 24 | $632.3M | $144.0M | ||
| Q3 24 | $527.4M | $181.0M | ||
| Q2 24 | $770.3M | $146.0M | ||
| Q1 24 | $624.2M | $237.0M |
| Q4 25 | $4.0B | $6.3B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | $4.1B | $6.5B | ||
| Q4 24 | $4.1B | $6.5B | ||
| Q3 24 | $4.2B | $6.7B | ||
| Q2 24 | $4.3B | $6.8B | ||
| Q1 24 | $4.5B | $6.8B |
| Q4 25 | $-1.9B | $2.1B | ||
| Q3 25 | $-1.8B | $2.3B | ||
| Q2 25 | $-1.7B | $2.3B | ||
| Q1 25 | $-1.7B | $2.2B | ||
| Q4 24 | $-1.8B | $2.3B | ||
| Q3 24 | $-1.7B | $2.2B | ||
| Q2 24 | $-1.7B | $2.3B | ||
| Q1 24 | $-2.0B | $2.3B |
| Q4 25 | $8.0B | $10.8B | ||
| Q3 25 | $8.0B | $11.2B | ||
| Q2 25 | $8.2B | $11.3B | ||
| Q1 25 | $8.1B | $11.4B | ||
| Q4 24 | $8.2B | $11.5B | ||
| Q3 24 | $8.3B | $11.7B | ||
| Q2 24 | $8.6B | $11.8B | ||
| Q1 24 | $8.5B | $11.9B |
| Q4 25 | — | 3.07× | ||
| Q3 25 | — | 2.78× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 2.89× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | 3.02× | ||
| Q2 24 | — | 2.99× | ||
| Q1 24 | — | 2.93× |
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 | $190.0M |
| 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% | 10.6% |
| 资本支出强度资本支出/营收 | 6.5% | 4.2% |
| 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 | $743.0M |
8季度趋势，按日历期对齐
| Q4 25 | $126.7M | $190.0M | ||
| Q3 25 | $-14.9M | $117.0M | ||
| Q2 25 | $138.4M | $247.0M | ||
| Q1 25 | $-370.0M | $337.0M | ||
| Q4 24 | $203.6M | $411.0M | ||
| Q3 24 | $-31.5M | $387.0M | ||
| Q2 24 | $-34.6M | $176.0M | ||
| Q1 24 | $-188.3M | $276.0M |
| Q4 25 | $43.3M | $136.0M | ||
| Q3 25 | $-81.1M | $87.0M | ||
| Q2 25 | $88.9M | $218.0M | ||
| Q1 25 | $-417.0M | $302.0M | ||
| Q4 24 | $113.9M | $376.0M | ||
| Q3 24 | $-92.2M | $358.0M | ||
| Q2 24 | $-79.2M | $139.0M | ||
| Q1 24 | $-238.8M | $232.0M |
| Q4 25 | 3.4% | 10.6% | ||
| Q3 25 | -6.2% | 7.3% | ||
| Q2 25 | 6.4% | 17.7% | ||
| Q1 25 | -48.3% | 24.5% | ||
| Q4 24 | 8.7% | 25.3% | ||
| Q3 24 | -6.8% | 26.2% | ||
| Q2 24 | -7.7% | 11.0% | ||
| Q1 24 | -25.1% | 18.1% |
| Q4 25 | 6.5% | 4.2% | ||
| Q3 25 | 5.1% | 2.5% | ||
| Q2 25 | 3.5% | 2.4% | ||
| Q1 25 | 5.4% | 2.8% | ||
| Q4 24 | 6.9% | 2.4% | ||
| Q3 24 | 4.5% | 2.1% | ||
| Q2 24 | 4.3% | 2.9% | ||
| Q1 24 | 5.3% | 3.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | — | 2.55× | ||
| Q1 25 | — | 3.12× | ||
| Q4 24 | — | 1.70× | ||
| Q3 24 | — | 2.07× | ||
| Q2 24 | — | 1.49× | ||
| Q1 24 | — | 1.58× |
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% |
NXST
| Distribution Service | $704.0M | 55% |
| Advertising | $491.0M | 38% |
| Other | $78.0M | 6% |
| Corporate | $3.0M | 0% |
