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AMC Networks Inc.（AMCX）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
AMC Networks Inc.的季度营收约是南玻集团的1.8倍（$594.8M vs $323.1M），南玻集团净利率更高（2.2% vs -9.3%，领先11.5%），南玻集团同比增速更快（2.0% vs -0.8%），南玻集团自由现金流更多（$55.8M vs $40.4M），过去两年南玻集团的营收复合增速更高（4.6% vs -0.1%）
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。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
AMCX vs CSGS — 直观对比
营收规模更大
AMCX
是对方的1.8倍
$323.1M
营收增速更快
CSGS
高出2.8%
-0.8%
净利率更高
CSGS
高出11.5%
-9.3%
自由现金流更多
CSGS
多$15.4M
$40.4M
两年增速更快
CSGS
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $323.1M |
| 净利润 | $-55.5M | $7.0M |
| 毛利率 | 49.7% | 50.0% |
| 营业利润率 | -8.6% | 9.0% |
| 净利率 | -9.3% | 2.2% |
| 营收同比 | -0.8% | 2.0% |
| 净利润同比 | 80.5% | -79.7% |
| 每股收益（稀释后） | $-0.97 | $0.24 |
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AMCXCSGS
| Q4 25 | $594.8M | $323.1M | ||
| Q3 25 | $561.7M | $303.6M | ||
| Q2 25 | $600.0M | $297.1M | ||
| Q1 25 | $555.2M | $299.5M | ||
| Q4 24 | $599.3M | $316.7M | ||
| Q3 24 | $599.6M | $295.1M | ||
| Q2 24 | $625.9M | $290.3M | ||
| Q1 24 | $596.5M | $295.1M |
净利润AMCXCSGS
| Q4 25 | $-55.5M | $7.0M | ||
| Q3 25 | $76.5M | $20.5M | ||
| Q2 25 | $50.3M | $12.3M | ||
| Q1 25 | $18.0M | $16.1M | ||
| Q4 24 | $-284.5M | $34.5M | ||
| Q3 24 | $41.4M | $19.1M | ||
| Q2 24 | $-29.2M | $13.8M | ||
| Q1 24 | $45.8M | $19.5M |
毛利率AMCXCSGS
| Q4 25 | 49.7% | 50.0% | ||
| Q3 25 | 48.2% | 48.1% | ||
| Q2 25 | 52.7% | 49.5% | ||
| Q1 25 | 51.8% | 48.4% | ||
| Q4 24 | 51.2% | 51.3% | ||
| Q3 24 | 52.0% | 49.4% | ||
| Q2 24 | 55.2% | 47.3% | ||
| Q1 24 | 54.5% | 46.5% |
营业利润率AMCXCSGS
| Q4 25 | -8.6% | 9.0% | ||
| Q3 25 | 9.9% | 10.0% | ||
| Q2 25 | 10.7% | 10.0% | ||
| Q1 25 | 11.6% | 9.8% | ||
| Q4 24 | -42.4% | 13.4% | ||
| Q3 24 | 15.6% | 10.8% | ||
| Q2 24 | 1.7% | 8.8% | ||
| Q1 24 | 18.5% | 10.8% |
净利率AMCXCSGS
| Q4 25 | -9.3% | 2.2% | ||
| Q3 25 | 13.6% | 6.7% | ||
| Q2 25 | 8.4% | 4.1% | ||
| Q1 25 | 3.3% | 5.4% | ||
| Q4 24 | -47.5% | 10.9% | ||
| Q3 24 | 6.9% | 6.5% | ||
| Q2 24 | -4.7% | 4.8% | ||
| Q1 24 | 7.7% | 6.6% |
每股收益（稀释后）AMCXCSGS
| Q4 25 | $-0.97 | $0.24 | ||
| Q3 25 | $1.38 | $0.73 | ||
| Q2 25 | $0.91 | $0.44 | ||
| Q1 25 | $0.34 | $0.57 | ||
| Q4 24 | $-6.23 | $1.20 | ||
| Q3 24 | $0.76 | $0.67 | ||
| Q2 24 | $-0.66 | $0.48 | ||
| Q1 24 | $1.03 | $0.68 |
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 | $180.0M |
| 总债务越低越好 | $1.8B | $539.5M |
| 股东权益账面价值 | $981.9M | $283.7M |
| 总资产 | $3.9B | $1.5B |
| 负债/权益比越低杠杆越低 | 1.78× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资AMCXCSGS
| Q4 25 | $502.4M | $180.0M | ||
| Q3 25 | $716.8M | $158.4M | ||
| Q2 25 | $866.4M | $145.9M | ||
| Q1 25 | $870.2M | $136.0M | ||
| Q4 24 | $784.6M | $161.8M | ||
| Q3 24 | $816.4M | $118.4M | ||
| Q2 24 | $802.6M | $110.4M | ||
| Q1 24 | $690.5M | $120.8M |
总债务AMCXCSGS
| Q4 25 | $1.8B | $539.5M | ||
| Q3 25 | $1.9B | $538.6M | ||
| Q2 25 | $2.2B | $537.8M | ||
| Q1 25 | $2.3B | $537.6M | ||
| Q4 24 | $2.3B | $538.5M | ||
| Q3 24 | $2.3B | $539.5M | ||
| Q2 24 | $2.4B | $540.5M | ||
| Q1 24 | $2.3B | $541.5M |
股东权益AMCXCSGS
| Q4 25 | $981.9M | $283.7M | ||
| Q3 25 | $1.1B | $289.5M | ||
| Q2 25 | $971.7M | $290.7M | ||
| Q1 25 | $888.8M | $283.1M | ||
| Q4 24 | $855.6M | $282.6M | ||
| Q3 24 | $1.1B | $288.4M | ||
| Q2 24 | $1.1B | $273.3M | ||
| Q1 24 | $1.1B | $269.3M |
总资产AMCXCSGS
| Q4 25 | $3.9B | $1.5B | ||
| Q3 25 | $4.2B | $1.5B | ||
| Q2 25 | $4.4B | $1.4B | ||
| Q1 25 | $4.3B | $1.4B | ||
| Q4 24 | $4.4B | $1.5B | ||
| Q3 24 | $4.8B | $1.4B | ||
| Q2 24 | $4.9B | $1.4B | ||
| Q1 24 | $4.9B | $1.3B |
负债/权益比AMCXCSGS
| Q4 25 | 1.78× | 1.90× | ||
| Q3 25 | 1.82× | 1.86× | ||
| Q2 25 | 2.27× | 1.85× | ||
| Q1 25 | 2.62× | 1.90× | ||
| Q4 24 | 2.73× | 1.91× | ||
| Q3 24 | 2.10× | 1.87× | ||
| Q2 24 | 2.26× | 1.98× | ||
| Q1 24 | 2.17× | 2.01× |
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 | $59.2M |
| 自由现金流经营现金流 - 资本支出 | $40.4M | $55.8M |
| 自由现金流率自由现金流/营收 | 6.8% | 17.3% |
| 资本支出强度资本支出/营收 | 1.5% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 8.46× |
| 过去12个月自由现金流最近4个季度 | $272.4M | $141.4M |
8季度趋势，按日历期对齐
经营现金流AMCXCSGS
| Q4 25 | $49.2M | $59.2M | ||
| Q3 25 | $44.8M | $47.9M | ||
| Q2 25 | $102.8M | $37.3M | ||
| Q1 25 | $108.8M | $11.5M | ||
| Q4 24 | $58.1M | $82.5M | ||
| Q3 24 | $62.2M | $39.5M | ||
| Q2 24 | $104.4M | $43.1M | ||
| Q1 24 | $150.9M | $-29.4M |
自由现金流AMCXCSGS
| Q4 25 | $40.4M | $55.8M | ||
| Q3 25 | $42.0M | $43.9M | ||
| Q2 25 | $95.7M | $34.6M | ||
| Q1 25 | $94.2M | $7.1M | ||
| Q4 24 | $37.6M | $76.6M | ||
| Q3 24 | $53.9M | $32.0M | ||
| Q2 24 | $95.2M | $38.8M | ||
| Q1 24 | $144.1M | $-34.1M |
自由现金流率AMCXCSGS
| Q4 25 | 6.8% | 17.3% | ||
| Q3 25 | 7.5% | 14.5% | ||
| Q2 25 | 16.0% | 11.6% | ||
| Q1 25 | 17.0% | 2.4% | ||
| Q4 24 | 6.3% | 24.2% | ||
| Q3 24 | 9.0% | 10.8% | ||
| Q2 24 | 15.2% | 13.4% | ||
| Q1 24 | 24.2% | -11.6% |
资本支出强度AMCXCSGS
| Q4 25 | 1.5% | 1.1% | ||
| Q3 25 | 0.5% | 1.3% | ||
| Q2 25 | 1.2% | 0.9% | ||
| Q1 25 | 2.6% | 1.5% | ||
| Q4 24 | 3.4% | 1.9% | ||
| Q3 24 | 1.4% | 2.5% | ||
| Q2 24 | 1.5% | 1.5% | ||
| Q1 24 | 1.1% | 1.6% |
现金转化率AMCXCSGS
| Q4 25 | — | 8.46× | ||
| Q3 25 | 0.59× | 2.34× | ||
| Q2 25 | 2.04× | 3.04× | ||
| Q1 25 | 6.03× | 0.71× | ||
| Q4 24 | — | 2.39× | ||
| Q3 24 | 1.50× | 2.07× | ||
| Q2 24 | — | 3.12× | ||
| Q1 24 | 3.29× | -1.51× |
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% |
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
