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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
帕森斯公司的季度营收约是AMC ENTERTAINMENT HOLDINGS, INC.的1.2倍（$1.6B vs $1.3B），帕森斯公司净利率更高（3.5% vs -9.9%，领先13.4%），AMC ENTERTAINMENT HOLDINGS, INC.同比增速更快（-1.4% vs -7.5%），帕森斯公司自由现金流更多（$135.6M vs $43.3M），过去两年AMC ENTERTAINMENT HOLDINGS, INC.的营收复合增速更高（16.4% vs 2.2%）
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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
AMC vs PSN — 直观对比
营收规模更大
PSN
是对方的1.2倍
$1.3B
营收增速更快
AMC
高出6.1%
-7.5%
净利率更高
PSN
高出13.4%
-9.9%
自由现金流更多
PSN
多$92.3M
$43.3M
两年增速更快
AMC
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.6B |
| 净利润 | $-127.4M | $55.6M |
| 毛利率 | — | 23.0% |
| 营业利润率 | 0.0% | 6.6% |
| 净利率 | -9.9% | 3.5% |
| 营收同比 | -1.4% | -7.5% |
| 净利润同比 | 6.0% | -72.4% |
| 每股收益（稀释后） | $-0.28 | $0.51 |
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AMCPSN
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | $862.5M | $1.6B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.0B | $1.7B | ||
| Q1 24 | $951.4M | $1.5B |
净利润AMCPSN
| Q4 25 | $-127.4M | $55.6M | ||
| Q3 25 | $-298.2M | $64.1M | ||
| Q2 25 | $-4.7M | $55.2M | ||
| Q1 25 | $-202.1M | $66.2M | ||
| Q4 24 | $-135.6M | $201.3M | ||
| Q3 24 | $-20.7M | $72.0M | ||
| Q2 24 | $-32.8M | $69.2M | ||
| Q1 24 | $-163.5M | $-107.4M |
毛利率AMCPSN
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 22.2% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 21.2% |
营业利润率AMCPSN
| Q4 25 | 0.0% | 6.6% | ||
| Q3 25 | 2.8% | 6.7% | ||
| Q2 25 | 6.6% | 6.0% | ||
| Q1 25 | -16.9% | 7.0% | ||
| Q4 24 | 0.4% | 5.8% | ||
| Q3 24 | 5.3% | 6.4% | ||
| Q2 24 | -4.6% | 6.7% | ||
| Q1 24 | -11.4% | 6.6% |
净利率AMCPSN
| Q4 25 | -9.9% | 3.5% | ||
| Q3 25 | -22.9% | 4.0% | ||
| Q2 25 | -0.3% | 3.5% | ||
| Q1 25 | -23.4% | 4.3% | ||
| Q4 24 | -10.4% | 11.6% | ||
| Q3 24 | -1.5% | 4.0% | ||
| Q2 24 | -3.2% | 4.1% | ||
| Q1 24 | -17.2% | -7.0% |
每股收益（稀释后）AMCPSN
| Q4 25 | $-0.28 | $0.51 | ||
| Q3 25 | $-0.58 | $0.59 | ||
| Q2 25 | $-0.01 | $0.50 | ||
| Q1 25 | $-0.47 | $0.60 | ||
| Q4 24 | $-0.28 | $1.85 | ||
| Q3 24 | $-0.06 | $0.65 | ||
| Q2 24 | $-0.10 | $0.63 | ||
| Q1 24 | $-0.62 | $-1.01 |
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 | $466.4M |
| 总债务越低越好 | $4.0B | $1.2B |
| 股东权益账面价值 | $-1.9B | $2.6B |
| 总资产 | $8.0B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资AMCPSN
| Q4 25 | $428.5M | $466.4M | ||
| Q3 25 | $365.8M | $422.6M | ||
| Q2 25 | $423.7M | $411.3M | ||
| Q1 25 | $378.7M | $269.7M | ||
| Q4 24 | $632.3M | $453.5M | ||
| Q3 24 | $527.4M | $558.8M | ||
| Q2 24 | $770.3M | $528.5M | ||
| Q1 24 | $624.2M | $423.1M |
总债务AMCPSN
| Q4 25 | $4.0B | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $4.1B | $785.2M | ||
| Q4 24 | $4.1B | $784.1M | ||
| Q3 24 | $4.2B | $1.1B | ||
| Q2 24 | $4.3B | $1.2B | ||
| Q1 24 | $4.5B | $1.2B |
股东权益AMCPSN
| Q4 25 | $-1.9B | $2.6B | ||
| Q3 25 | $-1.8B | $2.6B | ||
| Q2 25 | $-1.7B | $2.5B | ||
| Q1 25 | $-1.7B | $2.5B | ||
| Q4 24 | $-1.8B | $2.4B | ||
| Q3 24 | $-1.7B | $2.3B | ||
| Q2 24 | $-1.7B | $2.2B | ||
| Q1 24 | $-2.0B | $2.1B |
总资产AMCPSN
| Q4 25 | $8.0B | $5.8B | ||
| Q3 25 | $8.0B | $5.7B | ||
| Q2 25 | $8.2B | $5.7B | ||
| Q1 25 | $8.1B | $5.4B | ||
| Q4 24 | $8.2B | $5.5B | ||
| Q3 24 | $8.3B | $5.4B | ||
| Q2 24 | $8.6B | $5.2B | ||
| Q1 24 | $8.5B | $5.1B |
负债/权益比AMCPSN
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | 0.58× |
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 | $167.5M |
| 自由现金流经营现金流 - 资本支出 | $43.3M | $135.6M |
| 自由现金流率自由现金流/营收 | 3.4% | 8.5% |
| 资本支出强度资本支出/营收 | 6.5% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 3.01× |
| 过去12个月自由现金流最近4个季度 | $-365.9M | $410.4M |
8季度趋势，按日历期对齐
经营现金流AMCPSN
| Q4 25 | $126.7M | $167.5M | ||
| Q3 25 | $-14.9M | $162.8M | ||
| Q2 25 | $138.4M | $159.8M | ||
| Q1 25 | $-370.0M | $-11.8M | ||
| Q4 24 | $203.6M | $126.8M | ||
| Q3 24 | $-31.5M | $299.0M | ||
| Q2 24 | $-34.6M | $161.2M | ||
| Q1 24 | $-188.3M | $-63.4M |
自由现金流AMCPSN
| Q4 25 | $43.3M | $135.6M | ||
| Q3 25 | $-81.1M | $149.7M | ||
| Q2 25 | $88.9M | $150.4M | ||
| Q1 25 | $-417.0M | $-25.3M | ||
| Q4 24 | $113.9M | $108.0M | ||
| Q3 24 | $-92.2M | $287.3M | ||
| Q2 24 | $-79.2M | $152.0M | ||
| Q1 24 | $-238.8M | $-72.9M |
自由现金流率AMCPSN
| Q4 25 | 3.4% | 8.5% | ||
| Q3 25 | -6.2% | 9.2% | ||
| Q2 25 | 6.4% | 9.5% | ||
| Q1 25 | -48.3% | -1.6% | ||
| Q4 24 | 8.7% | 6.2% | ||
| Q3 24 | -6.8% | 15.9% | ||
| Q2 24 | -7.7% | 9.1% | ||
| Q1 24 | -25.1% | -4.7% |
资本支出强度AMCPSN
| Q4 25 | 6.5% | 2.0% | ||
| Q3 25 | 5.1% | 0.8% | ||
| Q2 25 | 3.5% | 0.6% | ||
| Q1 25 | 5.4% | 0.9% | ||
| Q4 24 | 6.9% | 1.1% | ||
| Q3 24 | 4.5% | 0.6% | ||
| Q2 24 | 4.3% | 0.6% | ||
| Q1 24 | 5.3% | 0.6% |
现金转化率AMCPSN
| Q4 25 | — | 3.01× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 2.89× | ||
| Q1 25 | — | -0.18× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 4.16× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | — | — |
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% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
