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AMC Networks Inc.（AMCX）与Liberty Global Ltd.（LBTYA）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是AMC Networks Inc.的2.1倍（$1.2B vs $594.8M）。AMC Networks Inc.净利率更高（-9.3% vs -237.0%，领先227.6%）。Liberty Global Ltd.同比增速更快（187.2% vs -0.8%）。Liberty Global Ltd.自由现金流更多（$193.3M vs $40.4M）。过去两年AMC Networks Inc.的营收复合增速更高（-0.1% vs -20.4%）
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。
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
AMCX vs LBTYA — 直观对比
营收规模更大
LBTYA
是对方的2.1倍
$594.8M
营收增速更快
LBTYA
高出187.9%
-0.8%
净利率更高
AMCX
高出227.6%
-237.0%
自由现金流更多
LBTYA
多$152.9M
$40.4M
两年增速更快
AMCX
近两年复合增速
-20.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $1.2B |
| 净利润 | $-55.5M | $-2.9B |
| 毛利率 | 49.7% | 66.8% |
| 营业利润率 | -8.6% | -8.6% |
| 净利率 | -9.3% | -237.0% |
| 营收同比 | -0.8% | 187.2% |
| 净利润同比 | 80.5% | -230.0% |
| 每股收益（稀释后） | $-0.97 | $-8.66 |
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AMCXLBTYA
| Q4 25 | $594.8M | $1.2B | ||
| Q3 25 | $561.7M | $1.2B | ||
| Q2 25 | $600.0M | $1.3B | ||
| Q1 25 | $555.2M | $1.2B | ||
| Q4 24 | $599.3M | $-1.4B | ||
| Q3 24 | $599.6M | $1.9B | ||
| Q2 24 | $625.9M | $1.9B | ||
| Q1 24 | $596.5M | $1.9B |
净利润AMCXLBTYA
| Q4 25 | $-55.5M | $-2.9B | ||
| Q3 25 | $76.5M | $-90.7M | ||
| Q2 25 | $50.3M | $-2.8B | ||
| Q1 25 | $18.0M | $-1.3B | ||
| Q4 24 | $-284.5M | $2.2B | ||
| Q3 24 | $41.4M | $-1.4B | ||
| Q2 24 | $-29.2M | $268.1M | ||
| Q1 24 | $45.8M | $510.0M |
毛利率AMCXLBTYA
| Q4 25 | 49.7% | 66.8% | ||
| Q3 25 | 48.2% | 67.5% | ||
| Q2 25 | 52.7% | 63.3% | ||
| Q1 25 | 51.8% | 65.6% | ||
| Q4 24 | 51.2% | — | ||
| Q3 24 | 52.0% | 69.4% | ||
| Q2 24 | 55.2% | 68.5% | ||
| Q1 24 | 54.5% | 65.4% |
营业利润率AMCXLBTYA
| Q4 25 | -8.6% | -8.6% | ||
| Q3 25 | 9.9% | -0.7% | ||
| Q2 25 | 10.7% | 2.3% | ||
| Q1 25 | 11.6% | 5.2% | ||
| Q4 24 | -42.4% | — | ||
| Q3 24 | 15.6% | 5.2% | ||
| Q2 24 | 1.7% | 1.0% | ||
| Q1 24 | 18.5% | 1.2% |
净利率AMCXLBTYA
| Q4 25 | -9.3% | -237.0% | ||
| Q3 25 | 13.6% | -7.5% | ||
| Q2 25 | 8.4% | -220.1% | ||
| Q1 25 | 3.3% | -114.2% | ||
| Q4 24 | -47.5% | -158.9% | ||
| Q3 24 | 6.9% | -74.1% | ||
| Q2 24 | -4.7% | 14.3% | ||
| Q1 24 | 7.7% | 26.2% |
每股收益（稀释后）AMCXLBTYA
| Q4 25 | $-0.97 | $-8.66 | ||
| Q3 25 | $1.38 | $-0.27 | ||
| Q2 25 | $0.91 | $-8.09 | ||
| Q1 25 | $0.34 | $-3.84 | ||
| Q4 24 | $-6.23 | $6.15 | ||
| Q3 24 | $0.76 | $-3.95 | ||
| Q2 24 | $-0.66 | $0.71 | ||
| Q1 24 | $1.03 | $1.32 |
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 | $2.2B |
| 总债务越低越好 | $1.8B | $7.8B |
| 股东权益账面价值 | $981.9M | $9.7B |
| 总资产 | $3.9B | $22.6B |
| 负债/权益比越低杠杆越低 | 1.78× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资AMCXLBTYA
| Q4 25 | $502.4M | $2.2B | ||
| Q3 25 | $716.8M | $1.7B | ||
| Q2 25 | $866.4M | $3.1B | ||
| Q1 25 | $870.2M | $2.0B | ||
| Q4 24 | $784.6M | $2.2B | ||
| Q3 24 | $816.4M | $3.3B | ||
| Q2 24 | $802.6M | $3.2B | ||
| Q1 24 | $690.5M | $2.8B |
总债务AMCXLBTYA
| Q4 25 | $1.8B | $7.8B | ||
| Q3 25 | $1.9B | $7.8B | ||
| Q2 25 | $2.2B | $7.8B | ||
| Q1 25 | $2.3B | $8.2B | ||
| Q4 24 | $2.3B | $8.2B | ||
| Q3 24 | $2.3B | $14.9B | ||
| Q2 24 | $2.4B | $14.7B | ||
| Q1 24 | $2.3B | $14.8B |
股东权益AMCXLBTYA
| Q4 25 | $981.9M | $9.7B | ||
| Q3 25 | $1.1B | $12.7B | ||
| Q2 25 | $971.7M | $13.0B | ||
| Q1 25 | $888.8M | $12.6B | ||
| Q4 24 | $855.6M | $12.4B | ||
| Q3 24 | $1.1B | $18.7B | ||
| Q2 24 | $1.1B | $18.3B | ||
| Q1 24 | $1.1B | $18.4B |
总资产AMCXLBTYA
| Q4 25 | $3.9B | $22.6B | ||
| Q3 25 | $4.2B | $25.4B | ||
| Q2 25 | $4.4B | $27.2B | ||
| Q1 25 | $4.3B | $26.0B | ||
| Q4 24 | $4.4B | $25.4B | ||
| Q3 24 | $4.8B | $41.8B | ||
| Q2 24 | $4.9B | $40.8B | ||
| Q1 24 | $4.9B | $40.6B |
负债/权益比AMCXLBTYA
| Q4 25 | 1.78× | 0.80× | ||
| Q3 25 | 1.82× | 0.61× | ||
| Q2 25 | 2.27× | 0.60× | ||
| Q1 25 | 2.62× | 0.65× | ||
| Q4 24 | 2.73× | 0.66× | ||
| Q3 24 | 2.10× | 0.80× | ||
| Q2 24 | 2.26× | 0.80× | ||
| Q1 24 | 2.17× | 0.80× |
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 | $630.9M |
| 自由现金流经营现金流 - 资本支出 | $40.4M | $193.3M |
| 自由现金流率自由现金流/营收 | 6.8% | 15.7% |
| 资本支出强度资本支出/营收 | 1.5% | 35.5% |
| 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 | $-132.0M |
8季度趋势，按日历期对齐
经营现金流AMCXLBTYA
| Q4 25 | $49.2M | $630.9M | ||
| Q3 25 | $44.8M | $301.8M | ||
| Q2 25 | $102.8M | $149.2M | ||
| Q1 25 | $108.8M | $129.2M | ||
| Q4 24 | $58.1M | $791.6M | ||
| Q3 24 | $62.2M | $449.5M | ||
| Q2 24 | $104.4M | $546.1M | ||
| Q1 24 | $150.9M | $245.7M |
自由现金流AMCXLBTYA
| Q4 25 | $40.4M | $193.3M | ||
| Q3 25 | $42.0M | $-41.1M | ||
| Q2 25 | $95.7M | $-170.1M | ||
| Q1 25 | $94.2M | $-114.1M | ||
| Q4 24 | $37.6M | $712.9M | ||
| Q3 24 | $53.9M | $102.4M | ||
| Q2 24 | $95.2M | $256.8M | ||
| Q1 24 | $144.1M | $-105.1M |
自由现金流率AMCXLBTYA
| Q4 25 | 6.8% | 15.7% | ||
| Q3 25 | 7.5% | -3.4% | ||
| Q2 25 | 16.0% | -13.4% | ||
| Q1 25 | 17.0% | -9.7% | ||
| Q4 24 | 6.3% | -50.5% | ||
| Q3 24 | 9.0% | 5.3% | ||
| Q2 24 | 15.2% | 13.7% | ||
| Q1 24 | 24.2% | -5.4% |
资本支出强度AMCXLBTYA
| Q4 25 | 1.5% | 35.5% | ||
| Q3 25 | 0.5% | 28.4% | ||
| Q2 25 | 1.2% | 25.2% | ||
| Q1 25 | 2.6% | 20.8% | ||
| Q4 24 | 3.4% | -5.6% | ||
| Q3 24 | 1.4% | 17.9% | ||
| Q2 24 | 1.5% | 15.4% | ||
| Q1 24 | 1.1% | 18.0% |
现金转化率AMCXLBTYA
| Q4 25 | — | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 2.04× | — | ||
| Q1 25 | 6.03× | — | ||
| Q4 24 | — | 0.35× | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | — | 2.04× | ||
| Q1 24 | 3.29× | 0.48× |
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% |
LBTYA
| Total Residential Fixed Revenue | $450.7M | 37% |
| JV Reportable Segments | $161.0M | 13% |
| Video | $148.8M | 12% |
| Ireland | $134.0M | 11% |
| Mobile Subscription | $128.6M | 10% |
| Related Party | $93.9M | 8% |
| Reportable Segment | $48.3M | 4% |
| Fixed Line Telephony | $46.6M | 4% |
| Non Subscription Revenue | $9.6M | 1% |
