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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是AMC ENTERTAINMENT HOLDINGS, INC.的1.1倍（$1.4B vs $1.3B），瑞思迈净利率更高（27.6% vs -9.9%，领先37.5%），瑞思迈同比增速更快（11.0% vs -1.4%），瑞思迈自由现金流更多（$311.2M vs $43.3M），过去两年AMC ENTERTAINMENT HOLDINGS, INC.的营收复合增速更高（16.4% vs 9.0%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
AMC vs RMD — 直观对比
营收规模更大
RMD
是对方的1.1倍
$1.3B
营收增速更快
RMD
高出12.4%
-1.4%
净利率更高
RMD
高出37.5%
-9.9%
自由现金流更多
RMD
多$267.9M
$43.3M
两年增速更快
AMC
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $-127.4M | $392.6M |
| 毛利率 | — | 61.8% |
| 营业利润率 | 0.0% | 34.6% |
| 净利率 | -9.9% | 27.6% |
| 营收同比 | -1.4% | 11.0% |
| 净利润同比 | 6.0% | 13.9% |
| 每股收益（稀释后） | $-0.28 | $2.68 |
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AMCRMD
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $862.5M | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.0B | $1.2B | ||
| Q1 24 | $951.4M | $1.2B |
净利润AMCRMD
| Q4 25 | $-127.4M | $392.6M | ||
| Q3 25 | $-298.2M | $348.5M | ||
| Q2 25 | $-4.7M | $379.7M | ||
| Q1 25 | $-202.1M | $365.0M | ||
| Q4 24 | $-135.6M | $344.6M | ||
| Q3 24 | $-20.7M | $311.4M | ||
| Q2 24 | $-32.8M | $292.2M | ||
| Q1 24 | $-163.5M | $300.5M |
毛利率AMCRMD
| Q4 25 | — | 61.8% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 60.8% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | 58.6% | ||
| Q2 24 | — | 58.5% | ||
| Q1 24 | — | 57.9% |
营业利润率AMCRMD
| Q4 25 | 0.0% | 34.6% | ||
| Q3 25 | 2.8% | 33.4% | ||
| Q2 25 | 6.6% | 33.7% | ||
| Q1 25 | -16.9% | 33.0% | ||
| Q4 24 | 0.4% | 32.5% | ||
| Q3 24 | 5.3% | 31.6% | ||
| Q2 24 | -4.6% | 31.2% | ||
| Q1 24 | -11.4% | 31.3% |
净利率AMCRMD
| Q4 25 | -9.9% | 27.6% | ||
| Q3 25 | -22.9% | 26.1% | ||
| Q2 25 | -0.3% | 28.2% | ||
| Q1 25 | -23.4% | 28.3% | ||
| Q4 24 | -10.4% | 26.9% | ||
| Q3 24 | -1.5% | 25.4% | ||
| Q2 24 | -3.2% | 23.9% | ||
| Q1 24 | -17.2% | 25.1% |
每股收益（稀释后）AMCRMD
| Q4 25 | $-0.28 | $2.68 | ||
| Q3 25 | $-0.58 | $2.37 | ||
| Q2 25 | $-0.01 | $2.58 | ||
| Q1 25 | $-0.47 | $2.48 | ||
| Q4 24 | $-0.28 | $2.34 | ||
| Q3 24 | $-0.06 | $2.11 | ||
| Q2 24 | $-0.10 | $1.97 | ||
| Q1 24 | $-0.62 | $2.04 |
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 | $1.4B |
| 总债务越低越好 | $4.0B | $403.9M |
| 股东权益账面价值 | $-1.9B | $6.3B |
| 总资产 | $8.0B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资AMCRMD
| Q4 25 | $428.5M | $1.4B | ||
| Q3 25 | $365.8M | $1.4B | ||
| Q2 25 | $423.7M | $1.2B | ||
| Q1 25 | $378.7M | $932.7M | ||
| Q4 24 | $632.3M | $521.9M | ||
| Q3 24 | $527.4M | $426.4M | ||
| Q2 24 | $770.3M | $238.4M | ||
| Q1 24 | $624.2M | $237.9M |
总债务AMCRMD
| Q4 25 | $4.0B | $403.9M | ||
| Q3 25 | — | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | $4.1B | $663.1M | ||
| Q4 24 | $4.1B | $662.9M | ||
| Q3 24 | $4.2B | $667.6M | ||
| Q2 24 | $4.3B | $697.3M | ||
| Q1 24 | $4.5B | $997.0M |
股东权益AMCRMD
| Q4 25 | $-1.9B | $6.3B | ||
| Q3 25 | $-1.8B | $6.1B | ||
| Q2 25 | $-1.7B | $6.0B | ||
| Q1 25 | $-1.7B | $5.5B | ||
| Q4 24 | $-1.8B | $5.3B | ||
| Q3 24 | $-1.7B | $5.2B | ||
| Q2 24 | $-1.7B | $4.9B | ||
| Q1 24 | $-2.0B | $4.6B |
总资产AMCRMD
| Q4 25 | $8.0B | $8.5B | ||
| Q3 25 | $8.0B | $8.3B | ||
| Q2 25 | $8.2B | $8.2B | ||
| Q1 25 | $8.1B | $7.6B | ||
| Q4 24 | $8.2B | $7.1B | ||
| Q3 24 | $8.3B | $7.2B | ||
| Q2 24 | $8.6B | $6.9B | ||
| Q1 24 | $8.5B | $6.8B |
负债/权益比AMCRMD
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.22× |
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 | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $43.3M | $311.2M |
| 自由现金流率自由现金流/营收 | 3.4% | 21.9% |
| 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 | — | 0.87× |
| 过去12个月自由现金流最近4个季度 | $-365.9M | $1.8B |
8季度趋势，按日历期对齐
经营现金流AMCRMD
| Q4 25 | $126.7M | $339.7M | ||
| Q3 25 | $-14.9M | $457.3M | ||
| Q2 25 | $138.4M | $538.8M | ||
| Q1 25 | $-370.0M | $578.7M | ||
| Q4 24 | $203.6M | $308.6M | ||
| Q3 24 | $-31.5M | $325.5M | ||
| Q2 24 | $-34.6M | $440.1M | ||
| Q1 24 | $-188.3M | $402.0M |
自由现金流AMCRMD
| Q4 25 | $43.3M | $311.2M | ||
| Q3 25 | $-81.1M | $414.4M | ||
| Q2 25 | $88.9M | $508.2M | ||
| Q1 25 | $-417.0M | $557.9M | ||
| Q4 24 | $113.9M | $288.0M | ||
| Q3 24 | $-92.2M | $307.7M | ||
| Q2 24 | $-79.2M | $415.2M | ||
| Q1 24 | $-238.8M | $380.8M |
自由现金流率AMCRMD
| Q4 25 | 3.4% | 21.9% | ||
| Q3 25 | -6.2% | 31.0% | ||
| Q2 25 | 6.4% | 37.7% | ||
| Q1 25 | -48.3% | 43.2% | ||
| Q4 24 | 8.7% | 22.5% | ||
| Q3 24 | -6.8% | 25.1% | ||
| Q2 24 | -7.7% | 33.9% | ||
| Q1 24 | -25.1% | 31.8% |
资本支出强度AMCRMD
| Q4 25 | 6.5% | 2.0% | ||
| Q3 25 | 5.1% | 3.2% | ||
| Q2 25 | 3.5% | 2.3% | ||
| Q1 25 | 5.4% | 1.6% | ||
| Q4 24 | 6.9% | 1.6% | ||
| Q3 24 | 4.5% | 1.5% | ||
| Q2 24 | 4.3% | 2.0% | ||
| Q1 24 | 5.3% | 1.8% |
现金转化率AMCRMD
| Q4 25 | — | 0.87× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 1.05× | ||
| Q2 24 | — | 1.51× | ||
| Q1 24 | — | 1.34× |
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% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
