vs
AMC Networks Inc.（AMCX）与Quad/Graphics, Inc.（QUAD）财务数据对比。点击上方公司名可切换其他公司
Quad/Graphics, Inc.的季度营收约是AMC Networks Inc.的1.1倍（$630.6M vs $594.8M），AMC Networks Inc.同比增速更快（-0.8% vs -11.0%），Quad/Graphics, Inc.自由现金流更多（$137.2M vs $40.4M），过去两年AMC Networks Inc.的营收复合增速更高（-0.1% vs -1.9%）
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。
奎德图形是一家总部位于美国威斯康星州萨塞克斯的营销服务企业，主营各类印刷与营销服务，业务覆盖受众定向、全渠道媒体策划投放、创意内容制作、零售展示包装、邮件优化及消费者分析等领域，可同时服务实体与数字媒体渠道。2025年，该企业位列美国大型广告集团、北美大型商业印刷企业之列。
AMCX vs QUAD — 直观对比
营收规模更大
QUAD
是对方的1.1倍
$594.8M
营收增速更快
AMCX
高出10.2%
-11.0%
自由现金流更多
QUAD
多$96.8M
$40.4M
两年增速更快
AMCX
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $630.6M |
| 净利润 | $-55.5M | — |
| 毛利率 | 49.7% | 21.6% |
| 营业利润率 | -8.6% | 5.9% |
| 净利率 | -9.3% | — |
| 营收同比 | -0.8% | -11.0% |
| 净利润同比 | 80.5% | — |
| 每股收益（稀释后） | $-0.97 | $0.22 |
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AMCXQUAD
| Q4 25 | $594.8M | $630.6M | ||
| Q3 25 | $561.7M | $588.0M | ||
| Q2 25 | $600.0M | $571.9M | ||
| Q1 25 | $555.2M | $629.4M | ||
| Q4 24 | $599.3M | $708.4M | ||
| Q3 24 | $599.6M | $674.8M | ||
| Q2 24 | $625.9M | $634.2M | ||
| Q1 24 | $596.5M | $654.8M |
净利润AMCXQUAD
| Q4 25 | $-55.5M | — | ||
| Q3 25 | $76.5M | $10.2M | ||
| Q2 25 | $50.3M | $-100.0K | ||
| Q1 25 | $18.0M | $5.8M | ||
| Q4 24 | $-284.5M | — | ||
| Q3 24 | $41.4M | $-24.7M | ||
| Q2 24 | $-29.2M | $-2.8M | ||
| Q1 24 | $45.8M | $-28.1M |
毛利率AMCXQUAD
| Q4 25 | 49.7% | 21.6% | ||
| Q3 25 | 48.2% | 22.8% | ||
| Q2 25 | 52.7% | 21.6% | ||
| Q1 25 | 51.8% | 20.6% | ||
| Q4 24 | 51.2% | 22.4% | ||
| Q3 24 | 52.0% | 21.8% | ||
| Q2 24 | 55.2% | 22.1% | ||
| Q1 24 | 54.5% | 20.4% |
营业利润率AMCXQUAD
| Q4 25 | -8.6% | 5.9% | ||
| Q3 25 | 9.9% | 4.5% | ||
| Q2 25 | 10.7% | 2.4% | ||
| Q1 25 | 11.6% | 3.1% | ||
| Q4 24 | -42.4% | 2.8% | ||
| Q3 24 | 15.6% | -0.7% | ||
| Q2 24 | 1.7% | 2.4% | ||
| Q1 24 | 18.5% | -1.6% |
净利率AMCXQUAD
| Q4 25 | -9.3% | — | ||
| Q3 25 | 13.6% | 1.7% | ||
| Q2 25 | 8.4% | -0.0% | ||
| Q1 25 | 3.3% | 0.9% | ||
| Q4 24 | -47.5% | — | ||
| Q3 24 | 6.9% | -3.7% | ||
| Q2 24 | -4.7% | -0.4% | ||
| Q1 24 | 7.7% | -4.3% |
每股收益（稀释后）AMCXQUAD
| Q4 25 | $-0.97 | $0.22 | ||
| Q3 25 | $1.38 | $0.21 | ||
| Q2 25 | $0.91 | $0.00 | ||
| Q1 25 | $0.34 | $0.11 | ||
| Q4 24 | $-6.23 | $0.11 | ||
| Q3 24 | $0.76 | $-0.52 | ||
| Q2 24 | $-0.66 | $-0.06 | ||
| Q1 24 | $1.03 | $-0.60 |
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 | $63.3M |
| 总债务越低越好 | $1.8B | $369.9M |
| 股东权益账面价值 | $981.9M | $-59.5M |
| 总资产 | $3.9B | $1.3B |
| 负债/权益比越低杠杆越低 | 1.78× | — |
8季度趋势，按日历期对齐
现金及短期投资AMCXQUAD
| Q4 25 | $502.4M | $63.3M | ||
| Q3 25 | $716.8M | $6.2M | ||
| Q2 25 | $866.4M | $6.7M | ||
| Q1 25 | $870.2M | $8.1M | ||
| Q4 24 | $784.6M | $29.2M | ||
| Q3 24 | $816.4M | $12.5M | ||
| Q2 24 | $802.6M | $12.8M | ||
| Q1 24 | $690.5M | $10.2M |
总债务AMCXQUAD
| Q4 25 | $1.8B | $369.9M | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $377.1M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.3B | — |
股东权益AMCXQUAD
| Q4 25 | $981.9M | $-59.5M | ||
| Q3 25 | $1.1B | $96.7M | ||
| Q2 25 | $971.7M | $87.0M | ||
| Q1 25 | $888.8M | $87.4M | ||
| Q4 24 | $855.6M | $-131.2M | ||
| Q3 24 | $1.1B | $50.9M | ||
| Q2 24 | $1.1B | $79.1M | ||
| Q1 24 | $1.1B | $89.2M |
总资产AMCXQUAD
| Q4 25 | $3.9B | $1.3B | ||
| Q3 25 | $4.2B | $1.3B | ||
| Q2 25 | $4.4B | $1.2B | ||
| Q1 25 | $4.3B | $1.2B | ||
| Q4 24 | $4.4B | $1.3B | ||
| Q3 24 | $4.8B | $1.4B | ||
| Q2 24 | $4.9B | $1.4B | ||
| Q1 24 | $4.9B | $1.4B |
负债/权益比AMCXQUAD
| Q4 25 | 1.78× | — | ||
| Q3 25 | 1.82× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.73× | — | ||
| Q3 24 | 2.10× | — | ||
| Q2 24 | 2.26× | — | ||
| Q1 24 | 2.17× | — |
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 | $145.9M |
| 自由现金流经营现金流 - 资本支出 | $40.4M | $137.2M |
| 自由现金流率自由现金流/营收 | 6.8% | 21.8% |
| 资本支出强度资本支出/营收 | 1.5% | 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 | $272.4M | $50.7M |
8季度趋势，按日历期对齐
经营现金流AMCXQUAD
| Q4 25 | $49.2M | $145.9M | ||
| Q3 25 | $44.8M | $-8.4M | ||
| Q2 25 | $102.8M | $47.4M | ||
| Q1 25 | $108.8M | $-89.0M | ||
| Q4 24 | $58.1M | $158.8M | ||
| Q3 24 | $62.2M | $2.4M | ||
| Q2 24 | $104.4M | $3.9M | ||
| Q1 24 | $150.9M | $-52.2M |
自由现金流AMCXQUAD
| Q4 25 | $40.4M | $137.2M | ||
| Q3 25 | $42.0M | $-20.6M | ||
| Q2 25 | $95.7M | $34.4M | ||
| Q1 25 | $94.2M | $-100.3M | ||
| Q4 24 | $37.6M | $147.3M | ||
| Q3 24 | $53.9M | $-9.8M | ||
| Q2 24 | $95.2M | $-11.7M | ||
| Q1 24 | $144.1M | $-70.1M |
自由现金流率AMCXQUAD
| Q4 25 | 6.8% | 21.8% | ||
| Q3 25 | 7.5% | -3.5% | ||
| Q2 25 | 16.0% | 6.0% | ||
| Q1 25 | 17.0% | -15.9% | ||
| Q4 24 | 6.3% | 20.8% | ||
| Q3 24 | 9.0% | -1.5% | ||
| Q2 24 | 15.2% | -1.8% | ||
| Q1 24 | 24.2% | -10.7% |
资本支出强度AMCXQUAD
| Q4 25 | 1.5% | 1.4% | ||
| Q3 25 | 0.5% | 2.1% | ||
| Q2 25 | 1.2% | 2.3% | ||
| Q1 25 | 2.6% | 1.8% | ||
| Q4 24 | 3.4% | 1.6% | ||
| Q3 24 | 1.4% | 1.8% | ||
| Q2 24 | 1.5% | 2.5% | ||
| Q1 24 | 1.1% | 2.7% |
现金转化率AMCXQUAD
| Q4 25 | — | — | ||
| Q3 25 | 0.59× | -0.82× | ||
| Q2 25 | 2.04× | — | ||
| Q1 25 | 6.03× | -15.34× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.29× | — |
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% |
QUAD
| Catalog Publications Retail Inserts Books And Directories | $300.6M | 48% |
| Direct Mail And Other Printed Products | $147.1M | 23% |
| Imaging Marketing Services And Other Services | $79.8M | 13% |
| Logistic Services | $61.4M | 10% |
| Other | $39.3M | 6% |
| Other Revenues | $2.4M | 0% |
