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Array Technologies, Inc.（ARRY）与Dave & Buster's Entertainment, Inc.（PLAY）财务数据对比。点击上方公司名可切换其他公司
Dave & Buster's Entertainment, Inc.的季度营收约是Array Technologies, Inc.的2.0倍（$448.2M vs $226.0M），Dave & Buster's Entertainment, Inc.同比增速更快（-1.1% vs -17.9%），Array Technologies, Inc.自由现金流更多（$36.2M vs $-20.6M），过去两年Array Technologies, Inc.的营收复合增速更高（21.4% vs -13.5%）
ATI科技是原加拿大半导体科技企业，总部位于安大略省万锦市，专注于图形处理器与芯片组的研发，1985年成立，1993年公开上市，2006年被AMD收购。作为全球知名的无晶圆厂半导体厂商，其掌握自研核心技术，生产组装环节采用外包模式。2000年3dfx破产后，ATI成为全球图形芯片领域的核心厂商之一。
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
ARRY vs PLAY — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $226.0M | $448.2M |
| 净利润 | — | $-42.1M |
| 毛利率 | 8.6% | 85.8% |
| 营业利润率 | -65.5% | -3.6% |
| 净利率 | — | -9.4% |
| 营收同比 | -17.9% | -1.1% |
| 净利润同比 | — | -28.7% |
| 每股收益（稀释后） | $-1.06 | $-1.22 |
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
| Q4 25 | $226.0M | $448.2M | ||
| Q3 25 | $393.5M | $557.4M | ||
| Q2 25 | $362.2M | $567.7M | ||
| Q1 25 | $302.4M | $534.5M | ||
| Q4 24 | $275.2M | $453.0M | ||
| Q3 24 | $231.4M | $557.1M | ||
| Q2 24 | $255.8M | $588.1M | ||
| Q1 24 | $153.4M | $599.0M |
| Q4 25 | — | $-42.1M | ||
| Q3 25 | $33.5M | $11.4M | ||
| Q2 25 | $43.3M | $21.7M | ||
| Q1 25 | $16.7M | $9.3M | ||
| Q4 24 | — | $-32.7M | ||
| Q3 24 | $-141.4M | $40.3M | ||
| Q2 24 | $25.7M | $41.4M | ||
| Q1 24 | $2.2M | $36.1M |
| Q4 25 | 8.6% | 85.8% | ||
| Q3 25 | 26.9% | 86.3% | ||
| Q2 25 | 26.8% | 85.5% | ||
| Q1 25 | 25.3% | 85.5% | ||
| Q4 24 | 28.5% | 85.0% | ||
| Q3 24 | 33.8% | 85.3% | ||
| Q2 24 | 33.6% | 85.2% | ||
| Q1 24 | 35.9% | 84.1% |
| Q4 25 | -65.5% | -3.6% | ||
| Q3 25 | 11.6% | 9.5% | ||
| Q2 25 | 12.8% | 11.1% | ||
| Q1 25 | 9.0% | 8.3% | ||
| Q4 24 | -51.7% | 1.4% | ||
| Q3 24 | -57.3% | 15.2% | ||
| Q2 24 | 15.5% | 14.5% | ||
| Q1 24 | 5.5% | 14.9% |
| Q4 25 | — | -9.4% | ||
| Q3 25 | 8.5% | 2.0% | ||
| Q2 25 | 11.9% | 3.8% | ||
| Q1 25 | 5.5% | 1.7% | ||
| Q4 24 | — | -7.2% | ||
| Q3 24 | -61.1% | 7.2% | ||
| Q2 24 | 10.0% | 7.0% | ||
| Q1 24 | 1.4% | 6.0% |
| Q4 25 | $-1.06 | $-1.22 | ||
| Q3 25 | $0.12 | $0.32 | ||
| Q2 25 | $0.19 | $0.62 | ||
| Q1 25 | $0.02 | $0.32 | ||
| Q4 24 | $-0.94 | $-0.84 | ||
| Q3 24 | $-1.02 | $0.99 | ||
| Q2 24 | $0.08 | $0.99 | ||
| Q1 24 | $-0.07 | $0.95 |
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 | $244.4M | $13.6M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $-206.3M | $130.8M |
| 总资产 | $1.5B | $4.1B |
| 负债/权益比越低杠杆越低 | — | 12.17× |
8季度趋势，按日历期对齐
| Q4 25 | $244.4M | $13.6M | ||
| Q3 25 | $221.5M | $12.0M | ||
| Q2 25 | $377.3M | $11.9M | ||
| Q1 25 | $348.3M | $6.9M | ||
| Q4 24 | $363.0M | $8.6M | ||
| Q3 24 | $332.4M | $13.1M | ||
| Q2 24 | $282.3M | $32.1M | ||
| Q1 24 | $287.6M | $37.3M |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $-206.3M | $130.8M | ||
| Q3 25 | $-46.7M | $166.2M | ||
| Q2 25 | $-70.9M | $146.8M | ||
| Q1 25 | $-97.8M | $145.8M | ||
| Q4 24 | $-118.1M | $226.6M | ||
| Q3 24 | $64.5M | $284.4M | ||
| Q2 24 | $200.0M | $292.5M | ||
| Q1 24 | $231.2M | $251.2M |
| Q4 25 | $1.5B | $4.1B | ||
| Q3 25 | $1.6B | $4.1B | ||
| Q2 25 | $1.5B | $4.1B | ||
| Q1 25 | $1.4B | $4.0B | ||
| Q4 24 | $1.4B | $3.9B | ||
| Q3 24 | $1.6B | $3.8B | ||
| Q2 24 | $1.7B | $3.8B | ||
| Q1 24 | $1.6B | $3.8B |
| Q4 25 | — | 12.17× | ||
| Q3 25 | — | 9.57× | ||
| Q2 25 | — | 10.98× | ||
| Q1 25 | — | 10.45× | ||
| Q4 24 | — | 6.58× | ||
| Q3 24 | — | 4.72× | ||
| Q2 24 | — | 4.58× | ||
| Q1 24 | — | 5.33× |
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 | $43.6M | $58.0M |
| 自由现金流经营现金流 - 资本支出 | $36.2M | $-20.6M |
| 自由现金流率自由现金流/营收 | 16.0% | -4.6% |
| 资本支出强度资本支出/营收 | 3.3% | 17.5% |
| 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 | $79.8M | $-195.6M |
8季度趋势，按日历期对齐
| Q4 25 | $43.6M | $58.0M | ||
| Q3 25 | $27.4M | $34.0M | ||
| Q2 25 | $43.8M | $95.8M | ||
| Q1 25 | $-13.1M | $108.9M | ||
| Q4 24 | $57.6M | $-7.2M | ||
| Q3 24 | $44.9M | $101.8M | ||
| Q2 24 | $4.0M | $108.8M | ||
| Q1 24 | $47.5M | $97.2M |
| Q4 25 | $36.2M | $-20.6M | ||
| Q3 25 | $21.9M | $-55.2M | ||
| Q2 25 | $37.2M | $-58.8M | ||
| Q1 25 | $-15.4M | $-61.0M | ||
| Q4 24 | $55.9M | $-138.4M | ||
| Q3 24 | $43.9M | $-14.3M | ||
| Q2 24 | $1.8M | $-4.2M | ||
| Q1 24 | $45.1M | $-25.4M |
| Q4 25 | 16.0% | -4.6% | ||
| Q3 25 | 5.6% | -9.9% | ||
| Q2 25 | 10.3% | -10.4% | ||
| Q1 25 | -5.1% | -11.4% | ||
| Q4 24 | 20.3% | -30.6% | ||
| Q3 24 | 19.0% | -2.6% | ||
| Q2 24 | 0.7% | -0.7% | ||
| Q1 24 | 29.4% | -4.2% |
| Q4 25 | 3.3% | 17.5% | ||
| Q3 25 | 1.4% | 16.0% | ||
| Q2 25 | 1.8% | 27.2% | ||
| Q1 25 | 0.8% | 31.8% | ||
| Q4 24 | 0.6% | 29.0% | ||
| Q3 24 | 0.5% | 20.8% | ||
| Q2 24 | 0.8% | 19.2% | ||
| Q1 24 | 1.6% | 20.5% |
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | 2.98× | ||
| Q2 25 | 1.01× | 4.41× | ||
| Q1 25 | -0.78× | 11.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.53× | ||
| Q2 24 | 0.15× | 2.63× | ||
| Q1 24 | 21.94× | 2.69× |
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
ARRY
| Array Legacy Operations Segment | $212.0M | 94% |
| STI Operations Segment | $14.0M | 6% |
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
