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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）与TRINET GROUP, INC.（TNET）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TRINET GROUP, INC.的1.0倍（$1.3B vs $1.2B），AMC ENTERTAINMENT HOLDINGS, INC.同比增速更快（-1.4% vs -2.2%），AMC ENTERTAINMENT HOLDINGS, INC.自由现金流更多（$43.3M vs $43.0M），过去两年AMC ENTERTAINMENT HOLDINGS, INC.的营收复合增速更高（16.4% vs -0.6%）
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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
AMC vs TNET — 直观对比
营收规模更大
AMC
是对方的1.0倍
$1.2B
营收增速更快
AMC
高出0.8%
-2.2%
自由现金流更多
AMC
多$300.0K
$43.0M
两年增速更快
AMC
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $-127.4M | — |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | 0.1% |
| 净利率 | -9.9% | — |
| 营收同比 | -1.4% | -2.2% |
| 净利润同比 | 6.0% | — |
| 每股收益（稀释后） | $-0.28 | $0.02 |
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AMCTNET
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| 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 | $1.3B |
净利润AMCTNET
| Q4 25 | $-127.4M | — | ||
| Q3 25 | $-298.2M | $34.0M | ||
| Q2 25 | $-4.7M | $37.0M | ||
| Q1 25 | $-202.1M | $85.0M | ||
| Q4 24 | $-135.6M | — | ||
| Q3 24 | $-20.7M | $45.0M | ||
| Q2 24 | $-32.8M | $60.0M | ||
| Q1 24 | $-163.5M | $91.0M |
营业利润率AMCTNET
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | 2.8% | 4.1% | ||
| Q2 25 | 6.6% | 4.1% | ||
| Q1 25 | -16.9% | 8.9% | ||
| Q4 24 | 0.4% | -2.9% | ||
| Q3 24 | 5.3% | 4.7% | ||
| Q2 24 | -4.6% | 6.5% | ||
| Q1 24 | -11.4% | 9.7% |
净利率AMCTNET
| Q4 25 | -9.9% | — | ||
| Q3 25 | -22.9% | 2.8% | ||
| Q2 25 | -0.3% | 3.0% | ||
| Q1 25 | -23.4% | 6.6% | ||
| Q4 24 | -10.4% | — | ||
| Q3 24 | -1.5% | 3.6% | ||
| Q2 24 | -3.2% | 4.9% | ||
| Q1 24 | -17.2% | 7.2% |
每股收益（稀释后）AMCTNET
| Q4 25 | $-0.28 | $0.02 | ||
| Q3 25 | $-0.58 | $0.70 | ||
| Q2 25 | $-0.01 | $0.77 | ||
| Q1 25 | $-0.47 | $1.71 | ||
| Q4 24 | $-0.28 | $-0.44 | ||
| Q3 24 | $-0.06 | $0.89 | ||
| Q2 24 | $-0.10 | $1.20 | ||
| Q1 24 | $-0.62 | $1.78 |
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 | $287.0M |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $-1.9B | $54.0M |
| 总资产 | $8.0B | $3.8B |
| 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AMCTNET
| Q4 25 | $428.5M | $287.0M | ||
| Q3 25 | $365.8M | $321.0M | ||
| Q2 25 | $423.7M | $407.0M | ||
| Q1 25 | $378.7M | $349.0M | ||
| Q4 24 | $632.3M | $360.0M | ||
| Q3 24 | $527.4M | $301.0M | ||
| Q2 24 | $770.3M | $249.0M | ||
| Q1 24 | $624.2M | $383.0M |
总债务AMCTNET
| Q4 25 | $4.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.5B | — |
股东权益AMCTNET
| Q4 25 | $-1.9B | $54.0M | ||
| Q3 25 | $-1.8B | $110.0M | ||
| Q2 25 | $-1.7B | $107.0M | ||
| Q1 25 | $-1.7B | $63.0M | ||
| Q4 24 | $-1.8B | $69.0M | ||
| Q3 24 | $-1.7B | $129.0M | ||
| Q2 24 | $-1.7B | $100.0M | ||
| Q1 24 | $-2.0B | $143.0M |
总资产AMCTNET
| Q4 25 | $8.0B | $3.8B | ||
| Q3 25 | $8.0B | $3.4B | ||
| Q2 25 | $8.2B | $3.7B | ||
| Q1 25 | $8.1B | $3.8B | ||
| Q4 24 | $8.2B | $4.1B | ||
| Q3 24 | $8.3B | $3.7B | ||
| Q2 24 | $8.6B | $3.7B | ||
| Q1 24 | $8.5B | $4.0B |
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 | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $43.3M | $43.0M |
| 自由现金流率自由现金流/营收 | 3.4% | 3.4% |
| 资本支出强度资本支出/营收 | 6.5% | 1.4% |
| 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 | $234.0M |
8季度趋势，按日历期对齐
经营现金流AMCTNET
| Q4 25 | $126.7M | $61.0M | ||
| Q3 25 | $-14.9M | $72.0M | ||
| Q2 25 | $138.4M | $75.0M | ||
| Q1 25 | $-370.0M | $95.0M | ||
| Q4 24 | $203.6M | $65.0M | ||
| Q3 24 | $-31.5M | $84.0M | ||
| Q2 24 | $-34.6M | $39.0M | ||
| Q1 24 | $-188.3M | $91.0M |
自由现金流AMCTNET
| Q4 25 | $43.3M | $43.0M | ||
| Q3 25 | $-81.1M | $55.0M | ||
| Q2 25 | $88.9M | $57.0M | ||
| Q1 25 | $-417.0M | $79.0M | ||
| Q4 24 | $113.9M | $47.0M | ||
| Q3 24 | $-92.2M | $59.0M | ||
| Q2 24 | $-79.2M | $22.0M | ||
| Q1 24 | $-238.8M | $73.0M |
自由现金流率AMCTNET
| Q4 25 | 3.4% | 3.4% | ||
| Q3 25 | -6.2% | 4.5% | ||
| Q2 25 | 6.4% | 4.6% | ||
| Q1 25 | -48.3% | 6.1% | ||
| Q4 24 | 8.7% | 3.7% | ||
| Q3 24 | -6.8% | 4.8% | ||
| Q2 24 | -7.7% | 1.8% | ||
| Q1 24 | -25.1% | 5.8% |
资本支出强度AMCTNET
| Q4 25 | 6.5% | 1.4% | ||
| Q3 25 | 5.1% | 1.4% | ||
| Q2 25 | 3.5% | 1.5% | ||
| Q1 25 | 5.4% | 1.2% | ||
| Q4 24 | 6.9% | 1.4% | ||
| Q3 24 | 4.5% | 2.0% | ||
| Q2 24 | 4.3% | 1.4% | ||
| Q1 24 | 5.3% | 1.4% |
现金转化率AMCTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 1.00× |
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% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
