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AMC Networks Inc.（AMCX）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是AMC Networks Inc.的1.4倍（$862.2M vs $594.8M），美泰净利率更高（7.1% vs -9.3%，领先16.4%），美泰同比增速更快（4.3% vs -0.8%），AMC Networks Inc.自由现金流更多（$40.4M vs $-88.1M），过去两年AMC Networks Inc.的营收复合增速更高（-0.1% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
AMCX vs MAT — 直观对比
营收规模更大
MAT
是对方的1.4倍
$594.8M
营收增速更快
MAT
高出5.1%
-0.8%
净利率更高
MAT
高出16.4%
-9.3%
自由现金流更多
AMCX
多$128.5M
$-88.1M
两年增速更快
AMCX
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $862.2M |
| 净利润 | $-55.5M | $61.0M |
| 毛利率 | 49.7% | 44.9% |
| 营业利润率 | -8.6% | — |
| 净利率 | -9.3% | 7.1% |
| 营收同比 | -0.8% | 4.3% |
| 净利润同比 | 80.5% | 251.4% |
| 每股收益（稀释后） | $-0.97 | $0.20 |
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AMCXMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $594.8M | $1.8B | ||
| Q3 25 | $561.7M | $1.7B | ||
| Q2 25 | $600.0M | $1.0B | ||
| Q1 25 | $555.2M | $826.6M | ||
| Q4 24 | $599.3M | $1.6B | ||
| Q3 24 | $599.6M | $1.8B | ||
| Q2 24 | $625.9M | $1.1B |
净利润AMCXMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $-55.5M | $106.2M | ||
| Q3 25 | $76.5M | $278.4M | ||
| Q2 25 | $50.3M | $53.4M | ||
| Q1 25 | $18.0M | $-40.3M | ||
| Q4 24 | $-284.5M | $140.9M | ||
| Q3 24 | $41.4M | $372.4M | ||
| Q2 24 | $-29.2M | $56.9M |
毛利率AMCXMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 49.7% | 45.9% | ||
| Q3 25 | 48.2% | 50.0% | ||
| Q2 25 | 52.7% | 50.9% | ||
| Q1 25 | 51.8% | 49.4% | ||
| Q4 24 | 51.2% | 50.7% | ||
| Q3 24 | 52.0% | 53.1% | ||
| Q2 24 | 55.2% | 49.2% |
营业利润率AMCXMAT
| Q1 26 | — | — | ||
| Q4 25 | -8.6% | 8.0% | ||
| Q3 25 | 9.9% | 21.9% | ||
| Q2 25 | 10.7% | 7.7% | ||
| Q1 25 | 11.6% | -6.4% | ||
| Q4 24 | -42.4% | 9.6% | ||
| Q3 24 | 15.6% | 26.5% | ||
| Q2 24 | 1.7% | 7.7% |
净利率AMCXMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | -9.3% | 6.0% | ||
| Q3 25 | 13.6% | 16.0% | ||
| Q2 25 | 8.4% | 5.2% | ||
| Q1 25 | 3.3% | -4.9% | ||
| Q4 24 | -47.5% | 8.6% | ||
| Q3 24 | 6.9% | 20.2% | ||
| Q2 24 | -4.7% | 5.3% |
每股收益（稀释后）AMCXMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $-0.97 | $0.32 | ||
| Q3 25 | $1.38 | $0.88 | ||
| Q2 25 | $0.91 | $0.16 | ||
| Q1 25 | $0.34 | $-0.12 | ||
| Q4 24 | $-6.23 | $0.40 | ||
| Q3 24 | $0.76 | $1.09 | ||
| Q2 24 | $-0.66 | $0.17 |
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 | $866.0M |
| 总债务越低越好 | $1.8B | $2.3B |
| 股东权益账面价值 | $981.9M | $2.1B |
| 总资产 | $3.9B | $6.3B |
| 负债/权益比越低杠杆越低 | 1.78× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资AMCXMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $502.4M | $1.2B | ||
| Q3 25 | $716.8M | $691.9M | ||
| Q2 25 | $866.4M | $870.5M | ||
| Q1 25 | $870.2M | $1.2B | ||
| Q4 24 | $784.6M | $1.4B | ||
| Q3 24 | $816.4M | $723.5M | ||
| Q2 24 | $802.6M | $722.4M |
总债务AMCXMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | $1.9B | $2.3B | ||
| Q2 25 | $2.2B | $2.3B | ||
| Q1 25 | $2.3B | $2.3B | ||
| Q4 24 | $2.3B | $2.3B | ||
| Q3 24 | $2.3B | $2.3B | ||
| Q2 24 | $2.4B | $2.3B |
股东权益AMCXMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $981.9M | $2.2B | ||
| Q3 25 | $1.1B | $2.3B | ||
| Q2 25 | $971.7M | $2.2B | ||
| Q1 25 | $888.8M | $2.1B | ||
| Q4 24 | $855.6M | $2.3B | ||
| Q3 24 | $1.1B | $2.3B | ||
| Q2 24 | $1.1B | $2.0B |
总资产AMCXMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $3.9B | $6.6B | ||
| Q3 25 | $4.2B | $6.6B | ||
| Q2 25 | $4.4B | $6.2B | ||
| Q1 25 | $4.3B | $6.2B | ||
| Q4 24 | $4.4B | $6.5B | ||
| Q3 24 | $4.8B | $6.5B | ||
| Q2 24 | $4.9B | $5.9B |
负债/权益比AMCXMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 1.78× | 1.04× | ||
| Q3 25 | 1.82× | 1.03× | ||
| Q2 25 | 2.27× | 1.08× | ||
| Q1 25 | 2.62× | 1.10× | ||
| Q4 24 | 2.73× | 1.03× | ||
| Q3 24 | 2.10× | 1.01× | ||
| Q2 24 | 2.26× | 1.18× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $40.4M | $-88.1M |
| 自由现金流率自由现金流/营收 | 6.8% | -10.2% |
| 资本支出强度资本支出/营收 | 1.5% | 7.6% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AMCXMAT
| Q1 26 | — | — | ||
| Q4 25 | $49.2M | $796.6M | ||
| Q3 25 | $44.8M | $72.0M | ||
| Q2 25 | $102.8M | $-300.1M | ||
| Q1 25 | $108.8M | $24.8M | ||
| Q4 24 | $58.1M | $862.1M | ||
| Q3 24 | $62.2M | $155.8M | ||
| Q2 24 | $104.4M | $-252.9M |
自由现金流AMCXMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $40.4M | — | ||
| Q3 25 | $42.0M | — | ||
| Q2 25 | $95.7M | — | ||
| Q1 25 | $94.2M | — | ||
| Q4 24 | $37.6M | — | ||
| Q3 24 | $53.9M | — | ||
| Q2 24 | $95.2M | — |
自由现金流率AMCXMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 6.8% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 16.0% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | 15.2% | — |
资本支出强度AMCXMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 1.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 1.5% | — |
现金转化率AMCXMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | 0.59× | 0.26× | ||
| Q2 25 | 2.04× | -5.62× | ||
| Q1 25 | 6.03× | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | 1.50× | 0.42× | ||
| Q2 24 | — | -4.45× |
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% |
MAT
暂无分部数据
