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美国运通（AXP）与康卡斯特（CMCSA）财务数据对比。点击上方公司名可切换其他公司
康卡斯特的季度营收约是美国运通的1.7倍（$31.5B vs $18.9B），美国运通净利率更高（15.7% vs 6.9%，领先8.8%），美国运通同比增速更快（11.4% vs 5.3%），过去两年美国运通的营收复合增速更高（38.8% vs 2.9%）
美国运通是全球知名的支付服务提供商，主营签账卡、信用卡产品及旅行相关服务，下设全球消费者服务、全球商业服务、全球商户与网络服务三大业务板块，还提供支付融资、网络服务、应付账款费用管理、旅行生活服务等多元解决方案。
康卡斯特是美国跨国大众传媒、电信及娱乐综合集团，总部位于费城康卡斯特中心，旗下NBC环球、纽约业务及其他核心资产总部设于纽约曼哈顿中城洛克菲勒广场30号，2023年位列福布斯全球企业2000强第51位，是全球传媒娱乐领域的头部企业。
AXP vs CMCSA — 直观对比
营收规模更大
CMCSA
是对方的1.7倍
$18.9B
营收增速更快
AXP
高出6.2%
5.3%
净利率更高
AXP
高出8.8%
6.9%
两年增速更快
AXP
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.9B | $31.5B |
| 净利润 | $3.0B | $2.2B |
| 毛利率 | — | — |
| 营业利润率 | — | 13.1% |
| 净利率 | 15.7% | 6.9% |
| 营收同比 | 11.4% | 5.3% |
| 净利润同比 | 15.0% | -35.6% |
| 每股收益（稀释后） | $4.28 | $0.60 |
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AXPCMCSA
| Q1 26 | $18.9B | $31.5B | ||
| Q4 25 | $10.9B | $32.3B | ||
| Q3 25 | $10.4B | $31.2B | ||
| Q2 25 | $10.3B | $30.3B | ||
| Q1 25 | $9.6B | $29.9B | ||
| Q4 24 | $10.0B | $31.9B | ||
| Q3 24 | $9.7B | $32.1B | ||
| Q2 24 | $9.8B | $29.7B |
净利润AXPCMCSA
| Q1 26 | $3.0B | $2.2B | ||
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $2.9B | $3.3B | ||
| Q2 25 | $2.9B | $11.1B | ||
| Q1 25 | $2.6B | $3.4B | ||
| Q4 24 | $2.2B | $4.8B | ||
| Q3 24 | $2.5B | $3.6B | ||
| Q2 24 | $3.0B | $3.9B |
营业利润率AXPCMCSA
| Q1 26 | — | 13.1% | ||
| Q4 25 | 28.2% | 10.8% | ||
| Q3 25 | 36.7% | 17.7% | ||
| Q2 25 | 34.4% | 19.8% | ||
| Q1 25 | 34.6% | 18.9% | ||
| Q4 24 | 27.7% | 15.6% | ||
| Q3 24 | 33.0% | 18.3% | ||
| Q2 24 | 38.6% | 22.3% |
净利率AXPCMCSA
| Q1 26 | 15.7% | 6.9% | ||
| Q4 25 | 22.5% | 6.7% | ||
| Q3 25 | 27.9% | 10.7% | ||
| Q2 25 | 28.0% | 36.7% | ||
| Q1 25 | 26.8% | 11.3% | ||
| Q4 24 | 21.8% | 15.0% | ||
| Q3 24 | 25.8% | 11.3% | ||
| Q2 24 | 30.7% | 13.2% |
每股收益（稀释后）AXPCMCSA
| Q1 26 | $4.28 | $0.60 | ||
| Q4 25 | $3.52 | $0.62 | ||
| Q3 25 | $4.14 | $0.90 | ||
| Q2 25 | $4.08 | $2.98 | ||
| Q1 25 | $3.64 | $0.89 | ||
| Q4 24 | $3.04 | $1.23 | ||
| Q3 24 | $3.49 | $0.94 | ||
| Q2 24 | $4.15 | $1.00 |
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 | — | $9.5B |
| 总债务越低越好 | $60.4M | $5.4B |
| 股东权益账面价值 | $34.0M | $88.3B |
| 总资产 | $308.9M | $260.0B |
| 负债/权益比越低杠杆越低 | 1.78× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资AXPCMCSA
| Q1 26 | — | $9.5B | ||
| Q4 25 | $742.0M | $9.5B | ||
| Q3 25 | $1.3B | $9.3B | ||
| Q2 25 | $197.0M | $9.7B | ||
| Q1 25 | $261.0M | $8.6B | ||
| Q4 24 | $221.0M | $7.3B | ||
| Q3 24 | $120.0M | $8.9B | ||
| Q2 24 | $188.0M | $6.2B |
总债务AXPCMCSA
| Q1 26 | $60.4M | $5.4B | ||
| Q4 25 | $56.4B | $93.0B | ||
| Q3 25 | $57.8B | $93.2B | ||
| Q2 25 | $58.2B | $95.8B | ||
| Q1 25 | $51.2B | $92.3B | ||
| Q4 24 | $49.7B | $94.2B | ||
| Q3 24 | $53.5B | $98.8B | ||
| Q2 24 | $51.5B | $97.1B |
股东权益AXPCMCSA
| Q1 26 | $34.0M | $88.3B | ||
| Q4 25 | $33.5B | $96.9B | ||
| Q3 25 | $32.4B | $97.1B | ||
| Q2 25 | $32.3B | $96.9B | ||
| Q1 25 | $31.2B | $86.6B | ||
| Q4 24 | $30.3B | $85.6B | ||
| Q3 24 | $29.7B | $85.8B | ||
| Q2 24 | $29.5B | $83.2B |
总资产AXPCMCSA
| Q1 26 | $308.9M | $260.0B | ||
| Q4 25 | $300.1B | $272.6B | ||
| Q3 25 | $297.6B | $273.0B | ||
| Q2 25 | $295.6B | $273.9B | ||
| Q1 25 | $282.2B | $267.8B | ||
| Q4 24 | $271.5B | $266.2B | ||
| Q3 24 | $271.0B | $269.9B | ||
| Q2 24 | $272.2B | $262.6B |
负债/权益比AXPCMCSA
| Q1 26 | 1.78× | 0.06× | ||
| Q4 25 | 1.68× | 0.96× | ||
| Q3 25 | 1.78× | 0.96× | ||
| Q2 25 | 1.80× | 0.99× | ||
| Q1 25 | 1.64× | 1.07× | ||
| Q4 24 | 1.64× | 1.10× | ||
| Q3 24 | 1.80× | 1.15× | ||
| Q2 24 | 1.74× | 1.17× |
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 | — | $6.9B |
| 自由现金流经营现金流 - 资本支出 | — | $3.9B |
| 自由现金流率自由现金流/营收 | — | 12.4% |
| 资本支出强度资本支出/营收 | — | 7.5% |
| 现金转化率经营现金流/净利润 | — | 3.17× |
| 过去12个月自由现金流最近4个季度 | — | $19.8B |
8季度趋势，按日历期对齐
经营现金流AXPCMCSA
| Q1 26 | — | $6.9B | ||
| Q4 25 | $3.1B | $8.8B | ||
| Q3 25 | $6.2B | $8.7B | ||
| Q2 25 | $4.4B | $7.8B | ||
| Q1 25 | $4.8B | $8.3B | ||
| Q4 24 | $5.8B | $8.1B | ||
| Q3 24 | $-1.8B | $7.0B | ||
| Q2 24 | $4.5B | $4.7B |
自由现金流AXPCMCSA
| Q1 26 | — | $3.9B | ||
| Q4 25 | $2.3B | $5.1B | ||
| Q3 25 | $5.6B | $5.6B | ||
| Q2 25 | $3.7B | $5.1B | ||
| Q1 25 | $4.3B | $6.0B | ||
| Q4 24 | $5.3B | $4.2B | ||
| Q3 24 | $-2.3B | $4.1B | ||
| Q2 24 | $4.0B | $2.0B |
自由现金流率AXPCMCSA
| Q1 26 | — | 12.4% | ||
| Q4 25 | 21.4% | 15.8% | ||
| Q3 25 | 53.6% | 18.0% | ||
| Q2 25 | 36.3% | 16.9% | ||
| Q1 25 | 45.0% | 20.2% | ||
| Q4 24 | 53.1% | 13.1% | ||
| Q3 24 | -23.3% | 12.8% | ||
| Q2 24 | 40.4% | 6.7% |
资本支出强度AXPCMCSA
| Q1 26 | — | 7.5% | ||
| Q4 25 | 6.6% | 11.6% | ||
| Q3 25 | 6.3% | 9.8% | ||
| Q2 25 | 6.0% | 8.8% | ||
| Q1 25 | 4.5% | 7.5% | ||
| Q4 24 | 5.0% | 12.3% | ||
| Q3 24 | 4.7% | 9.1% | ||
| Q2 24 | 5.8% | 9.2% |
现金转化率AXPCMCSA
| Q1 26 | — | 3.17× | ||
| Q4 25 | 1.25× | 4.08× | ||
| Q3 25 | 2.15× | 2.61× | ||
| Q2 25 | 1.51× | 0.70× | ||
| Q1 25 | 1.84× | 2.46× | ||
| Q4 24 | 2.66× | 1.69× | ||
| Q3 24 | -0.72× | 1.93× | ||
| Q2 24 | 1.50× | 1.20× |
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
AXP
暂无分部数据
CMCSA
| Connectivity & Platforms | $20.0B | 63% |
| Content & Experiences | $11.9B | 38% |
