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AMC Networks Inc.（AMCX）与亚什兰（ASH）财务数据对比。点击上方公司名可切换其他公司
AMC Networks Inc.的季度营收约是亚什兰的1.5倍（$594.8M vs $386.0M），亚什兰净利率更高（-3.1% vs -9.3%，领先6.2%），AMC Networks Inc.同比增速更快（-0.8% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $40.4M），过去两年AMC Networks Inc.的营收复合增速更高（-0.1% vs -18.1%）
AMC网络公司是总部位于纽约市的美国独立大众传媒娱乐集团，旗下拥有AMC、BBC美国台、IFC、圣丹斯电视、We TV等多个有线频道，还经营纽约IFC中心艺术影院、独立电影公司、动漫版权发行商，以及AMC+、Acorn TV等多个付费订阅流媒体服务。
亚什兰是一家总部位于美国特拉华州威尔明顿的化工企业，1924年始创于肯塔基州亚什兰市，最初以炼油业务起家，1994年迁至现总部。公司拥有多个业务板块，覆盖化工中间体与溶剂、复合材料、工业特种化学品、个人及家居护理、制药、食品饮料以及农业相关领域，2017年之前曾是胜牌润滑油的主要生产商。
AMCX vs ASH — 直观对比
营收规模更大
AMCX
是对方的1.5倍
$386.0M
营收增速更快
AMCX
高出3.9%
-4.7%
净利率更高
ASH
高出6.2%
-9.3%
自由现金流更多
ASH
多$70.6M
$40.4M
两年增速更快
AMCX
近两年复合增速
-18.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $386.0M |
| 净利润 | $-55.5M | $-12.0M |
| 毛利率 | 49.7% | 27.2% |
| 营业利润率 | -8.6% | -1.6% |
| 净利率 | -9.3% | -3.1% |
| 营收同比 | -0.8% | -4.7% |
| 净利润同比 | 80.5% | 92.7% |
| 每股收益（稀释后） | $-0.97 | $-0.26 |
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AMCXASH
| Q4 25 | $594.8M | $386.0M | ||
| Q3 25 | $561.7M | $477.0M | ||
| Q2 25 | $600.0M | $463.0M | ||
| Q1 25 | $555.2M | $479.0M | ||
| Q4 24 | $599.3M | $405.0M | ||
| Q3 24 | $599.6M | $521.0M | ||
| Q2 24 | $625.9M | $544.0M | ||
| Q1 24 | $596.5M | $575.0M |
净利润AMCXASH
| Q4 25 | $-55.5M | $-12.0M | ||
| Q3 25 | $76.5M | $31.0M | ||
| Q2 25 | $50.3M | $-742.0M | ||
| Q1 25 | $18.0M | $31.0M | ||
| Q4 24 | $-284.5M | $-165.0M | ||
| Q3 24 | $41.4M | $17.0M | ||
| Q2 24 | $-29.2M | $6.0M | ||
| Q1 24 | $45.8M | $120.0M |
毛利率AMCXASH
| Q4 25 | 49.7% | 27.2% | ||
| Q3 25 | 48.2% | 33.3% | ||
| Q2 25 | 52.7% | 28.5% | ||
| Q1 25 | 51.8% | 30.7% | ||
| Q4 24 | 51.2% | 27.4% | ||
| Q3 24 | 52.0% | 33.2% | ||
| Q2 24 | 55.2% | 34.2% | ||
| Q1 24 | 54.5% | 28.0% |
营业利润率AMCXASH
| Q4 25 | -8.6% | -1.6% | ||
| Q3 25 | 9.9% | 12.8% | ||
| Q2 25 | 10.7% | -152.9% | ||
| Q1 25 | 11.6% | 10.6% | ||
| Q4 24 | -42.4% | -44.2% | ||
| Q3 24 | 15.6% | 6.1% | ||
| Q2 24 | 1.7% | -11.2% | ||
| Q1 24 | 18.5% | 3.7% |
净利率AMCXASH
| Q4 25 | -9.3% | -3.1% | ||
| Q3 25 | 13.6% | 6.5% | ||
| Q2 25 | 8.4% | -160.3% | ||
| Q1 25 | 3.3% | 6.5% | ||
| Q4 24 | -47.5% | -40.7% | ||
| Q3 24 | 6.9% | 3.3% | ||
| Q2 24 | -4.7% | 1.1% | ||
| Q1 24 | 7.7% | 20.9% |
每股收益（稀释后）AMCXASH
| Q4 25 | $-0.97 | $-0.26 | ||
| Q3 25 | $1.38 | $0.83 | ||
| Q2 25 | $0.91 | $-16.21 | ||
| Q1 25 | $0.34 | $0.65 | ||
| Q4 24 | $-6.23 | $-3.50 | ||
| Q3 24 | $0.76 | $0.34 | ||
| Q2 24 | $-0.66 | $0.12 | ||
| Q1 24 | $1.03 | $2.39 |
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 | $502.4M | $304.0M |
| 总债务越低越好 | $1.8B | $1.4B |
| 股东权益账面价值 | $981.9M | $1.9B |
| 总资产 | $3.9B | $4.5B |
| 负债/权益比越低杠杆越低 | 1.78× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资AMCXASH
| Q4 25 | $502.4M | $304.0M | ||
| Q3 25 | $716.8M | $215.0M | ||
| Q2 25 | $866.4M | $207.0M | ||
| Q1 25 | $870.2M | $168.0M | ||
| Q4 24 | $784.6M | $219.0M | ||
| Q3 24 | $816.4M | $300.0M | ||
| Q2 24 | $802.6M | $399.0M | ||
| Q1 24 | $690.5M | $439.0M |
总债务AMCXASH
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.3B | $1.3B | ||
| Q4 24 | $2.3B | $1.3B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.3B | $1.3B |
股东权益AMCXASH
| Q4 25 | $981.9M | $1.9B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $971.7M | $1.9B | ||
| Q1 25 | $888.8M | $2.6B | ||
| Q4 24 | $855.6M | $2.6B | ||
| Q3 24 | $1.1B | $2.9B | ||
| Q2 24 | $1.1B | $3.0B | ||
| Q1 24 | $1.1B | $3.1B |
总资产AMCXASH
| Q4 25 | $3.9B | $4.5B | ||
| Q3 25 | $4.2B | $4.6B | ||
| Q2 25 | $4.4B | $4.6B | ||
| Q1 25 | $4.3B | $5.2B | ||
| Q4 24 | $4.4B | $5.2B | ||
| Q3 24 | $4.8B | $5.6B | ||
| Q2 24 | $4.9B | $5.7B | ||
| Q1 24 | $4.9B | $5.9B |
负债/权益比AMCXASH
| Q4 25 | 1.78× | 0.74× | ||
| Q3 25 | 1.82× | 0.73× | ||
| Q2 25 | 2.27× | 0.73× | ||
| Q1 25 | 2.62× | 0.52× | ||
| Q4 24 | 2.73× | 0.51× | ||
| Q3 24 | 2.10× | 0.47× | ||
| Q2 24 | 2.26× | 0.45× | ||
| Q1 24 | 2.17× | 0.42× |
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 | $49.2M | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $40.4M | $111.0M |
| 自由现金流率自由现金流/营收 | 6.8% | 28.8% |
| 资本支出强度资本支出/营收 | 1.5% | 3.6% |
| 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 | $272.4M | $200.0M |
8季度趋势，按日历期对齐
经营现金流AMCXASH
| Q4 25 | $49.2M | $125.0M | ||
| Q3 25 | $44.8M | $40.0M | ||
| Q2 25 | $102.8M | $115.0M | ||
| Q1 25 | $108.8M | $9.0M | ||
| Q4 24 | $58.1M | $-30.0M | ||
| Q3 24 | $62.2M | $80.0M | ||
| Q2 24 | $104.4M | $127.0M | ||
| Q1 24 | $150.9M | $54.0M |
自由现金流AMCXASH
| Q4 25 | $40.4M | $111.0M | ||
| Q3 25 | $42.0M | $6.0M | ||
| Q2 25 | $95.7M | $95.0M | ||
| Q1 25 | $94.2M | $-12.0M | ||
| Q4 24 | $37.6M | $-53.0M | ||
| Q3 24 | $53.9M | $42.0M | ||
| Q2 24 | $95.2M | $98.0M | ||
| Q1 24 | $144.1M | $20.0M |
自由现金流率AMCXASH
| Q4 25 | 6.8% | 28.8% | ||
| Q3 25 | 7.5% | 1.3% | ||
| Q2 25 | 16.0% | 20.5% | ||
| Q1 25 | 17.0% | -2.5% | ||
| Q4 24 | 6.3% | -13.1% | ||
| Q3 24 | 9.0% | 8.1% | ||
| Q2 24 | 15.2% | 18.0% | ||
| Q1 24 | 24.2% | 3.5% |
资本支出强度AMCXASH
| Q4 25 | 1.5% | 3.6% | ||
| Q3 25 | 0.5% | 7.1% | ||
| Q2 25 | 1.2% | 4.3% | ||
| Q1 25 | 2.6% | 4.4% | ||
| Q4 24 | 3.4% | 5.7% | ||
| Q3 24 | 1.4% | 7.3% | ||
| Q2 24 | 1.5% | 5.3% | ||
| Q1 24 | 1.1% | 5.9% |
现金转化率AMCXASH
| Q4 25 | — | — | ||
| Q3 25 | 0.59× | 1.29× | ||
| Q2 25 | 2.04× | — | ||
| Q1 25 | 6.03× | 0.29× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.50× | 4.71× | ||
| Q2 24 | — | 21.17× | ||
| Q1 24 | 3.29× | 0.45× |
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
AMCX
| Subscription And Circulation | $314.8M | 53% |
| Advertising | $124.9M | 21% |
| Other | $79.1M | 13% |
| License | $74.8M | 13% |
| Related Party | $1.2M | 0% |
ASH
| Personal Care And Household | $123.0M | 32% |
| Other | $120.0M | 31% |
| Specialty Additives | $36.0M | 9% |
| Intermediates And Solvents | $31.0M | 8% |
| Personal Care | $30.0M | 8% |
| Life Sciences | $27.0M | 7% |
| Intermediates | $19.0M | 5% |
