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AMC Networks Inc.（AMCX）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是AMC Networks Inc.的1.2倍（$725.6M vs $594.8M），Reddit, Inc.净利率更高（34.7% vs -9.3%，领先44.0%），Reddit, Inc.同比增速更快（69.7% vs -0.8%），Reddit, Inc.自由现金流更多（$263.6M vs $40.4M），过去两年Reddit, Inc.的营收复合增速更高（72.8% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
AMCX vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.2倍
$594.8M
营收增速更快
RDDT
高出70.4%
-0.8%
净利率更高
RDDT
高出44.0%
-9.3%
自由现金流更多
RDDT
多$223.2M
$40.4M
两年增速更快
RDDT
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $725.6M |
| 净利润 | $-55.5M | $251.6M |
| 毛利率 | 49.7% | 91.9% |
| 营业利润率 | -8.6% | 31.9% |
| 净利率 | -9.3% | 34.7% |
| 营收同比 | -0.8% | 69.7% |
| 净利润同比 | 80.5% | 254.2% |
| 每股收益（稀释后） | $-0.97 | $1.24 |
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AMCXRDDT
| Q4 25 | $594.8M | $725.6M | ||
| Q3 25 | $561.7M | $584.9M | ||
| Q2 25 | $600.0M | $499.6M | ||
| Q1 25 | $555.2M | $392.4M | ||
| Q4 24 | $599.3M | $427.7M | ||
| Q3 24 | $599.6M | $348.4M | ||
| Q2 24 | $625.9M | $281.2M | ||
| Q1 24 | $596.5M | $243.0M |
净利润AMCXRDDT
| Q4 25 | $-55.5M | $251.6M | ||
| Q3 25 | $76.5M | $162.7M | ||
| Q2 25 | $50.3M | $89.3M | ||
| Q1 25 | $18.0M | $26.2M | ||
| Q4 24 | $-284.5M | $71.0M | ||
| Q3 24 | $41.4M | $29.9M | ||
| Q2 24 | $-29.2M | $-10.1M | ||
| Q1 24 | $45.8M | $-575.1M |
毛利率AMCXRDDT
| Q4 25 | 49.7% | 91.9% | ||
| Q3 25 | 48.2% | 91.0% | ||
| Q2 25 | 52.7% | 90.8% | ||
| Q1 25 | 51.8% | 90.5% | ||
| Q4 24 | 51.2% | 92.6% | ||
| Q3 24 | 52.0% | 90.1% | ||
| Q2 24 | 55.2% | 89.5% | ||
| Q1 24 | 54.5% | 88.6% |
营业利润率AMCXRDDT
| Q4 25 | -8.6% | 31.9% | ||
| Q3 25 | 9.9% | 23.7% | ||
| Q2 25 | 10.7% | 13.6% | ||
| Q1 25 | 11.6% | 1.0% | ||
| Q4 24 | -42.4% | 12.4% | ||
| Q3 24 | 15.6% | 2.0% | ||
| Q2 24 | 1.7% | -11.0% | ||
| Q1 24 | 18.5% | -242.5% |
净利率AMCXRDDT
| Q4 25 | -9.3% | 34.7% | ||
| Q3 25 | 13.6% | 27.8% | ||
| Q2 25 | 8.4% | 17.9% | ||
| Q1 25 | 3.3% | 6.7% | ||
| Q4 24 | -47.5% | 16.6% | ||
| Q3 24 | 6.9% | 8.6% | ||
| Q2 24 | -4.7% | -3.6% | ||
| Q1 24 | 7.7% | -236.7% |
每股收益（稀释后）AMCXRDDT
| Q4 25 | $-0.97 | $1.24 | ||
| Q3 25 | $1.38 | $0.80 | ||
| Q2 25 | $0.91 | $0.45 | ||
| Q1 25 | $0.34 | $0.13 | ||
| Q4 24 | $-6.23 | $4.76 | ||
| Q3 24 | $0.76 | $0.16 | ||
| Q2 24 | $-0.66 | $-0.06 | ||
| Q1 24 | $1.03 | $-8.19 |
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 | $953.6M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $981.9M | $2.9B |
| 总资产 | $3.9B | $3.2B |
| 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AMCXRDDT
| Q4 25 | $502.4M | $953.6M | ||
| Q3 25 | $716.8M | $911.7M | ||
| Q2 25 | $866.4M | $734.1M | ||
| Q1 25 | $870.2M | $635.7M | ||
| Q4 24 | $784.6M | $562.1M | ||
| Q3 24 | $816.4M | $515.9M | ||
| Q2 24 | $802.6M | $468.0M | ||
| Q1 24 | $690.5M | $968.5M |
总债务AMCXRDDT
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.3B | — |
股东权益AMCXRDDT
| Q4 25 | $981.9M | $2.9B | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | $971.7M | $2.4B | ||
| Q1 25 | $888.8M | $2.2B | ||
| Q4 24 | $855.6M | $2.1B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $1.1B | $1.8B |
总资产AMCXRDDT
| Q4 25 | $3.9B | $3.2B | ||
| Q3 25 | $4.2B | $2.9B | ||
| Q2 25 | $4.4B | $2.6B | ||
| Q1 25 | $4.3B | $2.4B | ||
| Q4 24 | $4.4B | $2.3B | ||
| Q3 24 | $4.8B | $2.2B | ||
| Q2 24 | $4.9B | $2.1B | ||
| Q1 24 | $4.9B | $2.0B |
负债/权益比AMCXRDDT
| 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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $40.4M | $263.6M |
| 自由现金流率自由现金流/营收 | 6.8% | 36.3% |
| 资本支出强度资本支出/营收 | 1.5% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | $272.4M | $684.2M |
8季度趋势，按日历期对齐
经营现金流AMCXRDDT
| Q4 25 | $49.2M | $266.8M | ||
| Q3 25 | $44.8M | $185.2M | ||
| Q2 25 | $102.8M | $111.3M | ||
| Q1 25 | $108.8M | $127.6M | ||
| Q4 24 | $58.1M | $90.0M | ||
| Q3 24 | $62.2M | $71.6M | ||
| Q2 24 | $104.4M | $28.4M | ||
| Q1 24 | $150.9M | $32.1M |
自由现金流AMCXRDDT
| Q4 25 | $40.4M | $263.6M | ||
| Q3 25 | $42.0M | $183.1M | ||
| Q2 25 | $95.7M | $110.8M | ||
| Q1 25 | $94.2M | $126.6M | ||
| Q4 24 | $37.6M | $89.2M | ||
| Q3 24 | $53.9M | $70.3M | ||
| Q2 24 | $95.2M | $27.2M | ||
| Q1 24 | $144.1M | $29.2M |
自由现金流率AMCXRDDT
| Q4 25 | 6.8% | 36.3% | ||
| Q3 25 | 7.5% | 31.3% | ||
| Q2 25 | 16.0% | 22.2% | ||
| Q1 25 | 17.0% | 32.3% | ||
| Q4 24 | 6.3% | 20.8% | ||
| Q3 24 | 9.0% | 20.2% | ||
| Q2 24 | 15.2% | 9.7% | ||
| Q1 24 | 24.2% | 12.0% |
资本支出强度AMCXRDDT
| Q4 25 | 1.5% | 0.4% | ||
| Q3 25 | 0.5% | 0.4% | ||
| Q2 25 | 1.2% | 0.1% | ||
| Q1 25 | 2.6% | 0.2% | ||
| Q4 24 | 3.4% | 0.2% | ||
| Q3 24 | 1.4% | 0.4% | ||
| Q2 24 | 1.5% | 0.4% | ||
| Q1 24 | 1.1% | 1.2% |
现金转化率AMCXRDDT
| Q4 25 | — | 1.06× | ||
| Q3 25 | 0.59× | 1.14× | ||
| Q2 25 | 2.04× | 1.25× | ||
| Q1 25 | 6.03× | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | 1.50× | 2.40× | ||
| 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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
