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爱玛客（ARMK）与Live Nation Entertainment（LYV）财务数据对比。点击上方公司名可切换其他公司
Live Nation Entertainment的季度营收约是爱玛客的1.3倍（$6.3B vs $4.8B），爱玛客净利率更高（2.0% vs -3.2%，领先5.2%），Live Nation Entertainment同比增速更快（11.1% vs 6.1%），Live Nation Entertainment自由现金流更多（$-405.6M vs $-904.4M），过去两年Live Nation Entertainment的营收复合增速更高（28.9% vs 7.3%）
爱玛客是美国知名的餐饮服务与设施管理服务商，服务覆盖教育、司法监管、医疗、企业、休闲文旅等多个领域，业务遍布北美地区及英国、德国、智利、爱尔兰、西班牙在内的14个国家，为各场景客户提供专业后勤支持解决方案。
Live Nation Entertainment是美国跨国娱乐企业，2010年由Live Nation与Ticketmaster合并成立，旗下保留运营两大原有品牌。公司业务覆盖全球，主营现场娱乐活动宣发、票务销售，同时持有并运营多家娱乐场馆，还为音乐人提供艺人经纪管理服务。
ARMK vs LYV — 直观对比
营收规模更大
LYV
是对方的1.3倍
$4.8B
营收增速更快
LYV
高出5.0%
6.1%
净利率更高
ARMK
高出5.2%
-3.2%
自由现金流更多
LYV
多$498.7M
$-904.4M
两年增速更快
LYV
近两年复合增速
7.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $6.3B |
| 净利润 | $96.2M | $-202.1M |
| 毛利率 | — | — |
| 营业利润率 | 4.5% | -2.3% |
| 净利率 | 2.0% | -3.2% |
| 营收同比 | 6.1% | 11.1% |
| 净利润同比 | -9.0% | -204.6% |
| 每股收益（稀释后） | $0.36 | $-1.06 |
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ARMKLYV
| Q1 26 | $4.8B | — | ||
| Q4 25 | $5.0B | $6.3B | ||
| Q3 25 | — | $8.5B | ||
| Q2 25 | $4.6B | $7.0B | ||
| Q1 25 | $4.3B | $3.4B | ||
| Q4 24 | $4.6B | $5.7B | ||
| Q3 24 | $4.4B | $7.7B | ||
| Q2 24 | $4.4B | $6.0B |
净利润ARMKLYV
| Q1 26 | $96.2M | — | ||
| Q4 25 | $87.1M | $-202.1M | ||
| Q3 25 | — | $431.5M | ||
| Q2 25 | $71.8M | $243.4M | ||
| Q1 25 | $61.9M | $23.2M | ||
| Q4 24 | $105.6M | $193.2M | ||
| Q3 24 | $122.4M | $451.8M | ||
| Q2 24 | $58.1M | $298.0M |
营业利润率ARMKLYV
| Q1 26 | 4.5% | — | ||
| Q4 25 | 4.3% | -2.3% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | 3.9% | 6.9% | ||
| Q1 25 | 4.1% | 3.4% | ||
| Q4 24 | 4.8% | -4.3% | ||
| Q3 24 | 5.0% | 8.4% | ||
| Q2 24 | 3.7% | 7.7% |
净利率ARMKLYV
| Q1 26 | 2.0% | — | ||
| Q4 25 | 1.7% | -3.2% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | 1.6% | 3.5% | ||
| Q1 25 | 1.4% | 0.7% | ||
| Q4 24 | 2.3% | 3.4% | ||
| Q3 24 | 2.8% | 5.9% | ||
| Q2 24 | 1.3% | 4.9% |
每股收益（稀释后）ARMKLYV
| Q1 26 | $0.36 | — | ||
| Q4 25 | $0.33 | $-1.06 | ||
| Q3 25 | — | $0.73 | ||
| Q2 25 | $0.27 | $0.41 | ||
| Q1 25 | $0.23 | $-0.32 | ||
| Q4 24 | $0.39 | $0.58 | ||
| Q3 24 | $0.46 | $1.66 | ||
| Q2 24 | $0.22 | $1.03 |
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 | $439.6M | $7.1B |
| 总债务越低越好 | $6.2B | $7.6B |
| 股东权益账面价值 | $3.2B | $271.0M |
| 总资产 | $13.5B | $22.9B |
| 负债/权益比越低杠杆越低 | 1.94× | 28.09× |
8季度趋势，按日历期对齐
现金及短期投资ARMKLYV
| Q1 26 | $439.6M | — | ||
| Q4 25 | $639.1M | $7.1B | ||
| Q3 25 | — | $6.8B | ||
| Q2 25 | $501.5M | $7.1B | ||
| Q1 25 | $920.5M | $7.2B | ||
| Q4 24 | $484.1M | $6.1B | ||
| Q3 24 | $672.5M | $5.5B | ||
| Q2 24 | $436.1M | $6.4B |
总债务ARMKLYV
| Q1 26 | $6.2B | — | ||
| Q4 25 | $5.4B | $7.6B | ||
| Q3 25 | — | $6.1B | ||
| Q2 25 | $6.3B | $5.0B | ||
| Q1 25 | $6.1B | $5.9B | ||
| Q4 24 | $5.0B | $6.2B | ||
| Q3 24 | $4.3B | $5.7B | ||
| Q2 24 | $5.0B | $5.1B |
股东权益ARMKLYV
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $271.0M | ||
| Q3 25 | — | $521.3M | ||
| Q2 25 | $3.1B | $360.1M | ||
| Q1 25 | $3.0B | $106.0M | ||
| Q4 24 | $3.1B | $173.3M | ||
| Q3 24 | $3.0B | $288.0M | ||
| Q2 24 | $2.9B | $-43.3M |
总资产ARMKLYV
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.3B | $22.9B | ||
| Q3 25 | — | $22.9B | ||
| Q2 25 | $13.3B | $23.2B | ||
| Q1 25 | $13.5B | $21.8B | ||
| Q4 24 | $12.7B | $19.6B | ||
| Q3 24 | $12.7B | $19.7B | ||
| Q2 24 | $12.5B | $20.5B |
负债/权益比ARMKLYV
| Q1 26 | 1.94× | — | ||
| Q4 25 | 1.71× | 28.09× | ||
| Q3 25 | — | 11.71× | ||
| Q2 25 | 2.03× | 13.86× | ||
| Q1 25 | 2.02× | 55.93× | ||
| Q4 24 | 1.61× | 35.65× | ||
| Q3 24 | 1.42× | 19.70× | ||
| Q2 24 | 1.71× | — |
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 | $-782.2M | $-53.7M |
| 自由现金流经营现金流 - 资本支出 | $-904.4M | $-405.6M |
| 自由现金流率自由现金流/营收 | -18.7% | -6.4% |
| 资本支出强度资本支出/营收 | 2.5% | 5.6% |
| 现金转化率经营现金流/净利润 | -8.13× | — |
| 过去12个月自由现金流最近4个季度 | — | $333.6M |
8季度趋势，按日历期对齐
经营现金流ARMKLYV
| Q1 26 | $-782.2M | — | ||
| Q4 25 | — | $-53.7M | ||
| Q3 25 | — | $-95.7M | ||
| Q2 25 | $76.7M | $223.5M | ||
| Q1 25 | $255.9M | $1.3B | ||
| Q4 24 | $-587.2M | $1.0B | ||
| Q3 24 | $1.0B | $-720.9M | ||
| Q2 24 | $140.7M | $412.1M |
自由现金流ARMKLYV
| Q1 26 | $-904.4M | — | ||
| Q4 25 | — | $-405.6M | ||
| Q3 25 | — | $-371.3M | ||
| Q2 25 | $-34.7M | $-39.9M | ||
| Q1 25 | $140.1M | $1.2B | ||
| Q4 24 | $-707.0M | $890.2M | ||
| Q3 24 | $882.3M | $-879.0M | ||
| Q2 24 | $55.6M | $212.4M |
自由现金流率ARMKLYV
| Q1 26 | -18.7% | — | ||
| Q4 25 | — | -6.4% | ||
| Q3 25 | — | -4.4% | ||
| Q2 25 | -0.8% | -0.6% | ||
| Q1 25 | 3.3% | 34.0% | ||
| Q4 24 | -15.5% | 15.7% | ||
| Q3 24 | 20.0% | -11.5% | ||
| Q2 24 | 1.3% | 3.5% |
资本支出强度ARMKLYV
| Q1 26 | 2.5% | — | ||
| Q4 25 | 2.8% | 5.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | 2.4% | 3.8% | ||
| Q1 25 | 2.7% | 5.0% | ||
| Q4 24 | 2.6% | 2.7% | ||
| Q3 24 | 3.2% | 2.1% | ||
| Q2 24 | 1.9% | 3.3% |
现金转化率ARMKLYV
| Q1 26 | -8.13× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -0.22× | ||
| Q2 25 | 1.07× | 0.92× | ||
| Q1 25 | 4.14× | 56.94× | ||
| Q4 24 | -5.56× | 5.41× | ||
| Q3 24 | 8.35× | -1.60× | ||
| Q2 24 | 2.42× | 1.38× |
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
ARMK
| Education | $1.1B | 22% |
| Sports Leisure Corrections | $961.2M | 20% |
| Food And Support Services International | $847.8M | 18% |
| Other | $621.6M | 13% |
| Businessand Industry | $510.6M | 11% |
| Health Care | $421.3M | 9% |
| Facility Services | $382.9M | 8% |
LYV
| Concerts | $5.1B | 82% |
| Ticketing | $846.2M | 13% |
| Sponsorship And Advertising | $329.9M | 5% |
