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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
AMC ENTERTAINMENT HOLDINGS, INC.的季度营收约是利氏兄弟拍卖行的1.1倍（$1.3B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs -9.9%，领先19.0%），利氏兄弟拍卖行同比增速更快（5.4% vs -1.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $43.3M），过去两年AMC ENTERTAINMENT HOLDINGS, INC.的营收复合增速更高（16.4% vs 6.3%）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
AMC vs RBA — 直观对比
营收规模更大
AMC
是对方的1.1倍
$1.2B
营收增速更快
RBA
高出6.8%
-1.4%
净利率更高
RBA
高出19.0%
-9.9%
自由现金流更多
RBA
多$143.2M
$43.3M
两年增速更快
AMC
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $-127.4M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | 14.7% |
| 净利率 | -9.9% | 9.1% |
| 营收同比 | -1.4% | 5.4% |
| 净利润同比 | 6.0% | -7.4% |
| 每股收益（稀释后） | $-0.28 | $0.53 |
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AMCRBA
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $862.5M | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $981.8M | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $951.4M | $1.1B |
净利润AMCRBA
| Q4 25 | $-127.4M | $109.7M | ||
| Q3 25 | $-298.2M | $95.5M | ||
| Q2 25 | $-4.7M | $109.8M | ||
| Q1 25 | $-202.1M | $113.4M | ||
| Q4 24 | $-135.6M | $118.5M | ||
| Q3 24 | $-20.7M | $76.1M | ||
| Q2 24 | $-32.8M | $111.1M | ||
| Q1 24 | $-163.5M | $107.4M |
营业利润率AMCRBA
| Q4 25 | 0.0% | 14.7% | ||
| Q3 25 | 2.8% | 14.5% | ||
| Q2 25 | 6.6% | 15.9% | ||
| Q1 25 | -16.9% | 17.1% | ||
| Q4 24 | 0.4% | 18.1% | ||
| Q3 24 | 5.3% | 15.6% | ||
| Q2 24 | -4.6% | 18.4% | ||
| Q1 24 | -11.4% | 18.7% |
净利率AMCRBA
| Q4 25 | -9.9% | 9.1% | ||
| Q3 25 | -22.9% | 8.7% | ||
| Q2 25 | -0.3% | 9.3% | ||
| Q1 25 | -23.4% | 10.2% | ||
| Q4 24 | -10.4% | 10.4% | ||
| Q3 24 | -1.5% | 7.8% | ||
| Q2 24 | -3.2% | 10.1% | ||
| Q1 24 | -17.2% | 10.1% |
每股收益（稀释后）AMCRBA
| Q4 25 | $-0.28 | $0.53 | ||
| Q3 25 | $-0.58 | $0.43 | ||
| Q2 25 | $-0.01 | $0.53 | ||
| Q1 25 | $-0.47 | $0.55 | ||
| Q4 24 | $-0.28 | $0.58 | ||
| Q3 24 | $-0.06 | $0.36 | ||
| Q2 24 | $-0.10 | $0.54 | ||
| Q1 24 | $-0.62 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | $4.0B | $2.3B |
| 股东权益账面价值 | $-1.9B | $5.6B |
| 总资产 | $8.0B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资AMCRBA
| Q4 25 | $428.5M | $531.5M | ||
| Q3 25 | $365.8M | $674.7M | ||
| Q2 25 | $423.7M | $710.2M | ||
| Q1 25 | $378.7M | $578.1M | ||
| Q4 24 | $632.3M | $533.9M | ||
| Q3 24 | $527.4M | $650.7M | ||
| Q2 24 | $770.3M | $599.5M | ||
| Q1 24 | $624.2M | $462.8M |
总债务AMCRBA
| Q4 25 | $4.0B | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | $4.1B | $2.6B | ||
| Q4 24 | $4.1B | $2.6B | ||
| Q3 24 | $4.2B | $2.7B | ||
| Q2 24 | $4.3B | $2.8B | ||
| Q1 24 | $4.5B | $2.9B |
股东权益AMCRBA
| Q4 25 | $-1.9B | $5.6B | ||
| Q3 25 | $-1.8B | $5.5B | ||
| Q2 25 | $-1.7B | $5.5B | ||
| Q1 25 | $-1.7B | $5.3B | ||
| Q4 24 | $-1.8B | $5.2B | ||
| Q3 24 | $-1.7B | $5.2B | ||
| Q2 24 | $-1.7B | $5.2B | ||
| Q1 24 | $-2.0B | $5.1B |
总资产AMCRBA
| Q4 25 | $8.0B | $12.1B | ||
| Q3 25 | $8.0B | $12.2B | ||
| Q2 25 | $8.2B | $12.2B | ||
| Q1 25 | $8.1B | $11.9B | ||
| Q4 24 | $8.2B | $11.8B | ||
| Q3 24 | $8.3B | $11.9B | ||
| Q2 24 | $8.6B | $12.1B | ||
| Q1 24 | $8.5B | $12.0B |
负债/权益比AMCRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| 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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $43.3M | $186.5M |
| 自由现金流率自由现金流/营收 | 3.4% | 15.5% |
| 资本支出强度资本支出/营收 | 6.5% | 5.7% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | $-365.9M | $719.2M |
8季度趋势，按日历期对齐
经营现金流AMCRBA
| Q4 25 | $126.7M | $255.2M | ||
| Q3 25 | $-14.9M | $239.7M | ||
| Q2 25 | $138.4M | $326.5M | ||
| Q1 25 | $-370.0M | $156.8M | ||
| Q4 24 | $203.6M | $184.5M | ||
| Q3 24 | $-31.5M | $285.4M | ||
| Q2 24 | $-34.6M | $337.3M | ||
| Q1 24 | $-188.3M | $124.8M |
自由现金流AMCRBA
| Q4 25 | $43.3M | $186.5M | ||
| Q3 25 | $-81.1M | $188.5M | ||
| Q2 25 | $88.9M | $241.7M | ||
| Q1 25 | $-417.0M | $102.5M | ||
| Q4 24 | $113.9M | $127.9M | ||
| Q3 24 | $-92.2M | $248.5M | ||
| Q2 24 | $-79.2M | $308.6M | ||
| Q1 24 | $-238.8M | $79.6M |
自由现金流率AMCRBA
| Q4 25 | 3.4% | 15.5% | ||
| Q3 25 | -6.2% | 17.3% | ||
| Q2 25 | 6.4% | 20.4% | ||
| Q1 25 | -48.3% | 9.2% | ||
| Q4 24 | 8.7% | 11.2% | ||
| Q3 24 | -6.8% | 25.3% | ||
| Q2 24 | -7.7% | 28.2% | ||
| Q1 24 | -25.1% | 7.5% |
资本支出强度AMCRBA
| Q4 25 | 6.5% | 5.7% | ||
| Q3 25 | 5.1% | 4.7% | ||
| Q2 25 | 3.5% | 7.2% | ||
| Q1 25 | 5.4% | 4.9% | ||
| Q4 24 | 6.9% | 5.0% | ||
| Q3 24 | 4.5% | 3.8% | ||
| Q2 24 | 4.3% | 2.6% | ||
| Q1 24 | 5.3% | 4.2% |
现金转化率AMCRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | — | 1.16× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
