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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）与OLD REPUBLIC INTERNATIONAL CORP（ORI）财务数据对比。点击上方公司名可切换其他公司
OLD REPUBLIC INTERNATIONAL CORP的季度营收约是AMC ENTERTAINMENT HOLDINGS, INC.的1.9倍（$2.4B vs $1.3B），OLD REPUBLIC INTERNATIONAL CORP净利率更高（13.8% vs -9.9%，领先23.6%），OLD REPUBLIC INTERNATIONAL CORP同比增速更快（6.7% vs -1.4%），过去两年AMC ENTERTAINMENT HOLDINGS, INC.的营收复合增速更高（16.4% vs 13.2%）
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。
Old Republic International Corp是一家总部位于美国伊利诺伊州芝加哥的保险企业，核心业务覆盖财产保险、产权保险两大领域，深耕行业多年，具备成熟的风险防控能力与完善的服务体系，可为各类客户提供专业可靠的保险产品及相关解决方案。
AMC vs ORI — 直观对比
营收规模更大
ORI
是对方的1.9倍
$1.3B
营收增速更快
ORI
高出8.1%
-1.4%
净利率更高
ORI
高出23.6%
-9.9%
两年增速更快
AMC
近两年复合增速
13.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.4B |
| 净利润 | $-127.4M | $330.0M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | — |
| 净利率 | -9.9% | 13.8% |
| 营收同比 | -1.4% | 6.7% |
| 净利润同比 | 6.0% | 34.7% |
| 每股收益（稀释后） | $-0.28 | — |
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AMCORI
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.3B | $2.4B | ||
| Q3 25 | $1.3B | $2.4B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $862.5M | $2.1B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.0B | $1.9B |
净利润AMCORI
| Q1 26 | — | $330.0M | ||
| Q4 25 | $-127.4M | $206.5M | ||
| Q3 25 | $-298.2M | $279.5M | ||
| Q2 25 | $-4.7M | $204.4M | ||
| Q1 25 | $-202.1M | $245.0M | ||
| Q4 24 | $-135.6M | $105.3M | ||
| Q3 24 | $-20.7M | $338.9M | ||
| Q2 24 | $-32.8M | $91.8M |
营业利润率AMCORI
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | — | ||
| Q3 25 | 2.8% | 14.6% | ||
| Q2 25 | 6.6% | 11.8% | ||
| Q1 25 | -16.9% | 14.6% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 5.3% | 18.2% | ||
| Q2 24 | -4.6% | 6.1% |
净利率AMCORI
| Q1 26 | — | 13.8% | ||
| Q4 25 | -9.9% | 8.6% | ||
| Q3 25 | -22.9% | 11.5% | ||
| Q2 25 | -0.3% | 9.3% | ||
| Q1 25 | -23.4% | 11.6% | ||
| Q4 24 | -10.4% | 5.3% | ||
| Q3 24 | -1.5% | 14.5% | ||
| Q2 24 | -3.2% | 4.9% |
每股收益（稀释后）AMCORI
| Q1 26 | — | — | ||
| Q4 25 | $-0.28 | $0.82 | ||
| Q3 25 | $-0.58 | $1.11 | ||
| Q2 25 | $-0.01 | $0.81 | ||
| Q1 25 | $-0.47 | $0.98 | ||
| Q4 24 | $-0.28 | $0.42 | ||
| Q3 24 | $-0.06 | $1.32 | ||
| Q2 24 | $-0.10 | $0.35 |
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 | — |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $-1.9B | $5.9M |
| 总资产 | $8.0B | $29.6M |
| 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AMCORI
| Q1 26 | — | — | ||
| Q4 25 | $428.5M | — | ||
| Q3 25 | $365.8M | — | ||
| Q2 25 | $423.7M | — | ||
| Q1 25 | $378.7M | — | ||
| Q4 24 | $632.3M | — | ||
| Q3 24 | $527.4M | — | ||
| Q2 24 | $770.3M | — |
总债务AMCORI
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — |
股东权益AMCORI
| Q1 26 | — | $5.9M | ||
| Q4 25 | $-1.9B | $5.9B | ||
| Q3 25 | $-1.8B | $6.4B | ||
| Q2 25 | $-1.7B | $6.2B | ||
| Q1 25 | $-1.7B | $5.9B | ||
| Q4 24 | $-1.8B | $5.6B | ||
| Q3 24 | $-1.7B | $6.4B | ||
| Q2 24 | $-1.7B | $6.0B |
总资产AMCORI
| Q1 26 | — | $29.6M | ||
| Q4 25 | $8.0B | $29.9B | ||
| Q3 25 | $8.0B | $30.3B | ||
| Q2 25 | $8.2B | $29.3B | ||
| Q1 25 | $8.1B | $28.0B | ||
| Q4 24 | $8.2B | $27.8B | ||
| Q3 24 | $8.3B | $28.8B | ||
| Q2 24 | $8.6B | $27.5B |
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 | — |
| 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 | — | — |
| 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AMCORI
| Q1 26 | — | — | ||
| Q4 25 | $126.7M | $234.9M | ||
| Q3 25 | $-14.9M | $563.9M | ||
| Q2 25 | $138.4M | $133.8M | ||
| Q1 25 | $-370.0M | $231.7M | ||
| Q4 24 | $203.6M | $361.7M | ||
| Q3 24 | $-31.5M | $474.8M | ||
| Q2 24 | $-34.6M | $236.5M |
自由现金流AMCORI
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率AMCORI
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度AMCORI
| Q1 26 | — | — | ||
| 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% | — |
现金转化率AMCORI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.14× | ||
| Q3 25 | — | 2.02× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 3.43× | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | — | 2.58× |
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% |
ORI
| operating | $2.2B | 92% |
| Other | $201.8M | 8% |
