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阿普塔集团（ATR）与FuboTV Inc.（FUBO）财务数据对比。点击上方公司名可切换其他公司
FuboTV Inc.的季度营收约是阿普塔集团的1.6倍（$1.5B vs $962.7M），阿普塔集团净利率更高（7.7% vs -0.4%，领先8.1%），FuboTV Inc.同比增速更快（249.4% vs 13.5%），阿普塔集团自由现金流更多（$96.9M vs $-200.8M），过去两年FuboTV Inc.的营收复合增速更高（94.3% vs 2.6%）
阿普塔集团（AptarGroup, Inc.）是总部位于美国的全球性制造企业，主营消费品分配包装产品及药物给药装置的研发与生产，目前在全球18个国家设有生产运营基地，服务医药、快消等多领域客户。
FuboTV Inc.（简称Fubo）是源自美国的互联网体育流媒体服务商，业务覆盖美国、加拿大与西班牙地区。该平台主打各类直播体育内容，可提供英超、NFL、MLB、NBA、NHL、MLS等各大主流顶级体育赛事转播，同时也涵盖新闻、剧集等综合影视娱乐内容。
ATR vs FUBO — 直观对比
营收规模更大
FUBO
是对方的1.6倍
$962.7M
营收增速更快
FUBO
高出235.9%
13.5%
净利率更高
ATR
高出8.1%
-0.4%
自由现金流更多
ATR
多$297.7M
$-200.8M
两年增速更快
FUBO
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $962.7M | $1.5B |
| 净利润 | $74.3M | $-6.0M |
| 毛利率 | — | — |
| 营业利润率 | 11.0% | -1.3% |
| 净利率 | 7.7% | -0.4% |
| 营收同比 | 13.5% | 249.4% |
| 净利润同比 | -26.4% | 84.5% |
| 每股收益（稀释后） | $1.13 | $-0.02 |
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ATRFUBO
| Q4 25 | $962.7M | $1.5B | ||
| Q3 25 | $961.1M | $377.2M | ||
| Q2 25 | $966.0M | $380.0M | ||
| Q1 25 | $887.3M | $416.3M | ||
| Q4 24 | $848.1M | — | ||
| Q3 24 | $909.3M | $386.2M | ||
| Q2 24 | $910.1M | $391.0M | ||
| Q1 24 | $915.4M | $402.3M |
净利润ATRFUBO
| Q4 25 | $74.3M | $-6.0M | ||
| Q3 25 | $127.9M | $-18.9M | ||
| Q2 25 | $111.7M | $-8.0M | ||
| Q1 25 | $78.8M | $188.5M | ||
| Q4 24 | $100.9M | — | ||
| Q3 24 | $100.0M | $-52.4M | ||
| Q2 24 | $90.5M | $-25.3M | ||
| Q1 24 | $83.1M | $-56.0M |
营业利润率ATRFUBO
| Q4 25 | 11.0% | -1.3% | ||
| Q3 25 | 14.2% | -5.3% | ||
| Q2 25 | 14.9% | -1.6% | ||
| Q1 25 | 12.8% | -6.1% | ||
| Q4 24 | 14.2% | — | ||
| Q3 24 | 15.2% | -15.2% | ||
| Q2 24 | 13.8% | -9.1% | ||
| Q1 24 | 12.2% | -15.7% |
净利率ATRFUBO
| Q4 25 | 7.7% | -0.4% | ||
| Q3 25 | 13.3% | -5.0% | ||
| Q2 25 | 11.6% | -2.1% | ||
| Q1 25 | 8.9% | 45.3% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 11.0% | -13.6% | ||
| Q2 24 | 9.9% | -6.5% | ||
| Q1 24 | 9.1% | -13.9% |
每股收益（稀释后）ATRFUBO
| Q4 25 | $1.13 | $-0.02 | ||
| Q3 25 | $1.92 | $-0.06 | ||
| Q2 25 | $1.67 | $-0.02 | ||
| Q1 25 | $1.17 | $0.55 | ||
| Q4 24 | $1.48 | — | ||
| Q3 24 | $1.48 | $-0.16 | ||
| Q2 24 | $1.34 | $-0.08 | ||
| Q1 24 | $1.23 | $-0.19 |
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 | $409.5M | $452.4M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $2.7B | $275.5M |
| 总资产 | $5.3B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资ATRFUBO
| Q4 25 | $409.5M | $452.4M | ||
| Q3 25 | $264.8M | — | ||
| Q2 25 | $169.8M | $283.6M | ||
| Q1 25 | $136.8M | $321.6M | ||
| Q4 24 | $226.2M | — | ||
| Q3 24 | $327.9M | $146.2M | ||
| Q2 24 | $223.9M | $155.2M | ||
| Q1 24 | $201.1M | $168.9M |
总债务ATRFUBO
| Q4 25 | $1.1B | — | ||
| Q3 25 | $546.0M | — | ||
| Q2 25 | $535.1M | — | ||
| Q1 25 | $561.2M | — | ||
| Q4 24 | $688.1M | — | ||
| Q3 24 | $822.7M | — | ||
| Q2 24 | $681.5M | — | ||
| Q1 24 | $680.4M | — |
股东权益ATRFUBO
| Q4 25 | $2.7B | $275.5M | ||
| Q3 25 | $2.8B | $915.3M | ||
| Q2 25 | $2.7B | $400.4M | ||
| Q1 25 | $2.5B | $389.0M | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | $905.3M | ||
| Q2 24 | $2.4B | $254.2M | ||
| Q1 24 | $2.3B | $236.1M |
总资产ATRFUBO
| Q4 25 | $5.3B | $4.1B | ||
| Q3 25 | $5.1B | $1.3B | ||
| Q2 25 | $4.9B | $1.2B | ||
| Q1 25 | $4.5B | $1.2B | ||
| Q4 24 | $4.4B | — | ||
| Q3 24 | $4.6B | $1.1B | ||
| Q2 24 | $4.5B | $1.1B | ||
| Q1 24 | $4.4B | $1.1B |
负债/权益比ATRFUBO
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.28× | — | ||
| Q1 24 | 0.29× | — |
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 | $183.7M | $-200.3M |
| 自由现金流经营现金流 - 资本支出 | $96.9M | $-200.8M |
| 自由现金流率自由现金流/营收 | 10.1% | -13.0% |
| 资本支出强度资本支出/营收 | 9.0% | 0.0% |
| 现金转化率经营现金流/净利润 | 2.47× | — |
| 过去12个月自由现金流最近4个季度 | $299.6M | $-81.3M |
8季度趋势，按日历期对齐
经营现金流ATRFUBO
| Q4 25 | $183.7M | $-200.3M | ||
| Q3 25 | $177.6M | $-6.5M | ||
| Q2 25 | $126.0M | $-34.6M | ||
| Q1 25 | $82.7M | $161.4M | ||
| Q4 24 | $178.2M | — | ||
| Q3 24 | $229.3M | $235.0K | ||
| Q2 24 | $143.6M | $-32.3M | ||
| Q1 24 | $92.3M | $-67.3M |
自由现金流ATRFUBO
| Q4 25 | $96.9M | $-200.8M | ||
| Q3 25 | $114.3M | $-6.5M | ||
| Q2 25 | $62.5M | $-35.0M | ||
| Q1 25 | $25.9M | $161.1M | ||
| Q4 24 | $112.2M | — | ||
| Q3 24 | $162.7M | $-1.3M | ||
| Q2 24 | $75.4M | $-32.5M | ||
| Q1 24 | $16.7M | $-67.4M |
自由现金流率ATRFUBO
| Q4 25 | 10.1% | -13.0% | ||
| Q3 25 | 11.9% | -1.7% | ||
| Q2 25 | 6.5% | -9.2% | ||
| Q1 25 | 2.9% | 38.7% | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 17.9% | -0.3% | ||
| Q2 24 | 8.3% | -8.3% | ||
| Q1 24 | 1.8% | -16.7% |
资本支出强度ATRFUBO
| Q4 25 | 9.0% | 0.0% | ||
| Q3 25 | 6.6% | 0.0% | ||
| Q2 25 | 6.6% | 0.1% | ||
| Q1 25 | 6.4% | 0.1% | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 7.3% | 0.4% | ||
| Q2 24 | 7.5% | 0.1% | ||
| Q1 24 | 8.3% | 0.0% |
现金转化率ATRFUBO
| Q4 25 | 2.47× | — | ||
| Q3 25 | 1.39× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | 1.05× | 0.86× | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 2.29× | — | ||
| Q2 24 | 1.59× | — | ||
| Q1 24 | 1.11× | — |
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
ATR
| Pharma Segment | $833.1M | 87% |
| Other | $129.6M | 13% |
FUBO
| Related Party | $1.2B | 75% |
| Subscription And Advertising | $377.9M | 24% |
