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AUTONATION, INC.（AN）与华纳兄弟探索（WBD）财务数据对比。点击上方公司名可切换其他公司
华纳兄弟探索的季度营收约是AUTONATION, INC.的1.4倍（$9.5B vs $6.9B），AUTONATION, INC.净利率更高（2.5% vs -2.7%，领先5.1%），AUTONATION, INC.同比增速更快（-3.9% vs -5.7%），华纳兄弟探索自由现金流更多（$1.4B vs $64.2M），过去两年AUTONATION, INC.的营收复合增速更高（3.4% vs -2.5%）
AutoNation是总部位于美国佛罗里达州劳德代尔堡的汽车零售企业，1996年由韦恩·休伊森创立，最初仅拥有12家门店，目前在全美运营超300个零售网点，提供新车、二手车销售及相关配套服务。
华纳兄弟探索是一家总部位于美国纽约的跨国大众传媒与娱乐集团，于2022年4月8日由AT&T拆分出的华纳媒体与原探索公司合并成立，旗下拥有丰富的影视内容、流媒体平台及纪实娱乐IP资源，业务覆盖全球多个国家和地区。
AN vs WBD — 直观对比
营收规模更大
WBD
是对方的1.4倍
$6.9B
营收增速更快
AN
高出1.7%
-5.7%
净利率更高
AN
高出5.1%
-2.7%
自由现金流更多
WBD
多$1.3B
$64.2M
两年增速更快
AN
近两年复合增速
-2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.9B | $9.5B |
| 净利润 | $172.1M | $-252.0M |
| 毛利率 | 17.5% | — |
| 营业利润率 | 4.5% | 3.7% |
| 净利率 | 2.5% | -2.7% |
| 营收同比 | -3.9% | -5.7% |
| 净利润同比 | -7.5% | 49.0% |
| 每股收益（稀释后） | $4.68 | $-0.10 |
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ANWBD
| Q4 25 | $6.9B | $9.5B | ||
| Q3 25 | $7.0B | $9.0B | ||
| Q2 25 | $7.0B | $9.8B | ||
| Q1 25 | $6.7B | $9.0B | ||
| Q4 24 | $7.2B | $10.0B | ||
| Q3 24 | $6.6B | $9.6B | ||
| Q2 24 | $6.5B | $9.7B | ||
| Q1 24 | $6.5B | $10.0B |
净利润ANWBD
| Q4 25 | $172.1M | $-252.0M | ||
| Q3 25 | $215.1M | $-148.0M | ||
| Q2 25 | $86.4M | $1.6B | ||
| Q1 25 | $175.5M | $-453.0M | ||
| Q4 24 | $186.1M | $-494.0M | ||
| Q3 24 | $185.8M | $135.0M | ||
| Q2 24 | $130.2M | $-10.0B | ||
| Q1 24 | $190.1M | $-966.0M |
毛利率ANWBD
| Q4 25 | 17.5% | — | ||
| Q3 25 | 17.6% | — | ||
| Q2 25 | 18.3% | — | ||
| Q1 25 | 18.2% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 17.9% | — | ||
| Q1 24 | 18.5% | — |
营业利润率ANWBD
| Q4 25 | 4.5% | 3.7% | ||
| Q3 25 | 5.3% | 6.8% | ||
| Q2 25 | 3.1% | -1.9% | ||
| Q1 25 | 5.0% | -0.4% | ||
| Q4 24 | 4.7% | 1.6% | ||
| Q3 24 | 5.3% | 2.9% | ||
| Q2 24 | 4.2% | -105.1% | ||
| Q1 24 | 5.2% | -2.7% |
净利率ANWBD
| Q4 25 | 2.5% | -2.7% | ||
| Q3 25 | 3.1% | -1.6% | ||
| Q2 25 | 1.2% | 16.1% | ||
| Q1 25 | 2.6% | -5.0% | ||
| Q4 24 | 2.6% | -4.9% | ||
| Q3 24 | 2.8% | 1.4% | ||
| Q2 24 | 2.0% | -102.8% | ||
| Q1 24 | 2.9% | -9.7% |
每股收益（稀释后）ANWBD
| Q4 25 | $4.68 | $-0.10 | ||
| Q3 25 | $5.65 | $-0.06 | ||
| Q2 25 | $2.26 | $0.63 | ||
| Q1 25 | $4.45 | $-0.18 | ||
| Q4 24 | $4.62 | $-0.20 | ||
| Q3 24 | $4.61 | $0.05 | ||
| Q2 24 | $3.20 | $-4.07 | ||
| Q1 24 | $4.49 | $-0.40 |
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 | $58.6M | $4.6B |
| 总债务越低越好 | $3.7B | $32.4B |
| 股东权益账面价值 | $2.3B | $35.9B |
| 总资产 | $14.4B | $100.1B |
| 负债/权益比越低杠杆越低 | 1.58× | 0.90× |
8季度趋势，按日历期对齐
现金及短期投资ANWBD
| Q4 25 | $58.6M | $4.6B | ||
| Q3 25 | $97.6M | $4.3B | ||
| Q2 25 | $62.9M | $4.9B | ||
| Q1 25 | $70.5M | $3.9B | ||
| Q4 24 | $59.8M | $5.3B | ||
| Q3 24 | $60.2M | $3.3B | ||
| Q2 24 | $85.9M | $3.6B | ||
| Q1 24 | $60.3M | $3.0B |
总债务ANWBD
| Q4 25 | $3.7B | $32.4B | ||
| Q3 25 | — | $33.4B | ||
| Q2 25 | — | $34.4B | ||
| Q1 25 | $3.1B | $34.6B | ||
| Q4 24 | $2.6B | $36.8B | ||
| Q3 24 | $3.1B | $37.2B | ||
| Q2 24 | $3.1B | $37.3B | ||
| Q1 24 | $3.1B | $39.1B |
股东权益ANWBD
| Q4 25 | $2.3B | $35.9B | ||
| Q3 25 | $2.5B | $36.0B | ||
| Q2 25 | $2.5B | $36.0B | ||
| Q1 25 | $2.4B | $33.8B | ||
| Q4 24 | $2.5B | $34.0B | ||
| Q3 24 | $2.4B | $35.1B | ||
| Q2 24 | $2.2B | $34.3B | ||
| Q1 24 | $2.4B | $44.2B |
总资产ANWBD
| Q4 25 | $14.4B | $100.1B | ||
| Q3 25 | $14.2B | $100.5B | ||
| Q2 25 | $13.6B | $101.7B | ||
| Q1 25 | $13.3B | $101.7B | ||
| Q4 24 | $13.0B | $104.6B | ||
| Q3 24 | $12.9B | $106.3B | ||
| Q2 24 | $12.8B | $108.0B | ||
| Q1 24 | $12.0B | $119.8B |
负债/权益比ANWBD
| Q4 25 | 1.58× | 0.90× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 0.95× | ||
| Q1 25 | 1.29× | 1.02× | ||
| Q4 24 | 1.06× | 1.08× | ||
| Q3 24 | 1.32× | 1.06× | ||
| Q2 24 | 1.43× | 1.09× | ||
| Q1 24 | 1.32× | 0.89× |
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 | $150.5M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $64.2M | $1.4B |
| 自由现金流率自由现金流/营收 | 0.9% | 14.6% |
| 资本支出强度资本支出/营收 | 1.2% | 4.5% |
| 现金转化率经营现金流/净利润 | 0.87× | — |
| 过去12个月自由现金流最近4个季度 | $-197.5M | $3.1B |
8季度趋势，按日历期对齐
经营现金流ANWBD
| Q4 25 | $150.5M | $1.8B | ||
| Q3 25 | $191.7M | $979.0M | ||
| Q2 25 | $-177.8M | $983.0M | ||
| Q1 25 | $-52.5M | $553.0M | ||
| Q4 24 | $149.8M | $2.7B | ||
| Q3 24 | $-70.0M | $847.0M | ||
| Q2 24 | $-59.6M | $1.2B | ||
| Q1 24 | $294.5M | $585.0M |
自由现金流ANWBD
| Q4 25 | $64.2M | $1.4B | ||
| Q3 25 | $122.8M | $701.0M | ||
| Q2 25 | $-256.8M | $702.0M | ||
| Q1 25 | $-127.7M | $302.0M | ||
| Q4 24 | $83.5M | $2.4B | ||
| Q3 24 | $-151.0M | $632.0M | ||
| Q2 24 | $-147.1M | $976.0M | ||
| Q1 24 | $200.8M | $390.0M |
自由现金流率ANWBD
| Q4 25 | 0.9% | 14.6% | ||
| Q3 25 | 1.7% | 7.8% | ||
| Q2 25 | -3.7% | 7.2% | ||
| Q1 25 | -1.9% | 3.4% | ||
| Q4 24 | 1.2% | 24.2% | ||
| Q3 24 | -2.3% | 6.6% | ||
| Q2 24 | -2.3% | 10.0% | ||
| Q1 24 | 3.1% | 3.9% |
资本支出强度ANWBD
| Q4 25 | 1.2% | 4.5% | ||
| Q3 25 | 1.0% | 3.1% | ||
| Q2 25 | 1.1% | 2.9% | ||
| Q1 25 | 1.1% | 2.8% | ||
| Q4 24 | 0.9% | 2.9% | ||
| Q3 24 | 1.2% | 2.2% | ||
| Q2 24 | 1.4% | 2.6% | ||
| Q1 24 | 1.4% | 2.0% |
现金转化率ANWBD
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | -2.06× | 0.62× | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | -0.38× | 6.27× | ||
| Q2 24 | -0.46× | — | ||
| Q1 24 | 1.55× | — |
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
AN
| New Vehicle | $3.4B | 50% |
| Transferred At Point In Time | $1.7B | 24% |
| Parts And Service | $1.2B | 18% |
| Finance And Insurance Net | $369.4M | 5% |
| Transferred Over Time | $221.4M | 3% |
| Other | $3.5M | 0% |
WBD
| Distribution Revenue | $4.8B | 51% |
| Global Linear Networks | $4.2B | 44% |
| Service Other | $307.0M | 3% |
| Related Party | $204.0M | 2% |
| Other | $7.0M | 0% |
