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Bally's Corp（BALY）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Bally's Corp的季度营收约是Reddit, Inc.的1.0倍（$746.2M vs $725.6M），Reddit, Inc.净利率更高（34.7% vs -47.3%，领先82.0%），Reddit, Inc.同比增速更快（69.7% vs 28.6%），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs 9.8%）
巴利公司是总部位于美国罗德岛州普罗维登斯的博彩、体育投注与互动娱乐企业。目前该公司在美国11个州运营19家赌场，在科罗拉多州拥有一座赛马场，在纽约州拥有一座高尔夫球场，同时在全美14个州开展线上体育投注业务，还通过子公司在澳大利亚两个州运营两处产业。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
BALY vs RDDT — 直观对比
营收规模更大
BALY
是对方的1.0倍
$725.6M
营收增速更快
RDDT
高出41.1%
28.6%
净利率更高
RDDT
高出82.0%
-47.3%
两年增速更快
RDDT
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $746.2M | $725.6M |
| 净利润 | $-353.2M | $251.6M |
| 毛利率 | — | 91.9% |
| 营业利润率 | -36.8% | 31.9% |
| 净利率 | -47.3% | 34.7% |
| 营收同比 | 28.6% | 69.7% |
| 净利润同比 | -311.8% | 254.2% |
| 每股收益（稀释后） | $-5.84 | $1.24 |
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BALYRDDT
| Q4 25 | $746.2M | $725.6M | ||
| Q3 25 | $663.7M | $584.9M | ||
| Q2 25 | $657.5M | $499.6M | ||
| Q1 25 | $368.7M | $392.4M | ||
| Q4 24 | $580.4M | $427.7M | ||
| Q3 24 | $630.0M | $348.4M | ||
| Q2 24 | $621.7M | $281.2M | ||
| Q1 24 | $618.5M | $243.0M |
净利润BALYRDDT
| Q4 25 | $-353.2M | $251.6M | ||
| Q3 25 | $-102.9M | $162.7M | ||
| Q2 25 | $-228.4M | $89.3M | ||
| Q1 25 | $34.5M | $26.2M | ||
| Q4 24 | $-85.8M | $71.0M | ||
| Q3 24 | $-247.9M | $29.9M | ||
| Q2 24 | $-60.2M | $-10.1M | ||
| Q1 24 | $-173.9M | $-575.1M |
毛利率BALYRDDT
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 88.6% |
营业利润率BALYRDDT
| Q4 25 | -36.8% | 31.9% | ||
| Q3 25 | 0.1% | 23.7% | ||
| Q2 25 | -0.4% | 13.6% | ||
| Q1 25 | -0.5% | 1.0% | ||
| Q4 24 | -5.6% | 12.4% | ||
| Q3 24 | -25.0% | 2.0% | ||
| Q2 24 | 0.9% | -11.0% | ||
| Q1 24 | -12.0% | -242.5% |
净利率BALYRDDT
| Q4 25 | -47.3% | 34.7% | ||
| Q3 25 | -15.5% | 27.8% | ||
| Q2 25 | -34.7% | 17.9% | ||
| Q1 25 | 9.4% | 6.7% | ||
| Q4 24 | -14.8% | 16.6% | ||
| Q3 24 | -39.3% | 8.6% | ||
| Q2 24 | -9.7% | -3.6% | ||
| Q1 24 | -28.1% | -236.7% |
每股收益（稀释后）BALYRDDT
| Q4 25 | $-5.84 | $1.24 | ||
| Q3 25 | $-1.70 | $0.80 | ||
| Q2 25 | $-3.76 | $0.45 | ||
| Q1 25 | $0.57 | $0.13 | ||
| Q4 24 | $-1.76 | $4.76 | ||
| Q3 24 | $-5.10 | $0.16 | ||
| Q2 24 | $-1.24 | $-0.06 | ||
| Q1 24 | $-3.61 | $-8.19 |
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 | $798.4M | $953.6M |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $994.7M | $2.9B |
| 总资产 | $11.2B | $3.2B |
| 负债/权益比越低杠杆越低 | 4.52× | — |
8季度趋势，按日历期对齐
现金及短期投资BALYRDDT
| Q4 25 | $798.4M | $953.6M | ||
| Q3 25 | $160.7M | $911.7M | ||
| Q2 25 | $174.6M | $734.1M | ||
| Q1 25 | $209.7M | $635.7M | ||
| Q4 24 | $171.2M | $562.1M | ||
| Q3 24 | $191.0M | $515.9M | ||
| Q2 24 | $154.7M | $468.0M | ||
| Q1 24 | $169.4M | $968.5M |
总债务BALYRDDT
| Q4 25 | $4.5B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.7B | — |
股东权益BALYRDDT
| Q4 25 | $994.7M | $2.9B | ||
| Q3 25 | $521.5M | $2.6B | ||
| Q2 25 | $630.1M | $2.4B | ||
| Q1 25 | $796.5M | $2.2B | ||
| Q4 24 | $30.9M | $2.1B | ||
| Q3 24 | $233.4M | $2.0B | ||
| Q2 24 | $393.1M | $1.9B | ||
| Q1 24 | $449.4M | $1.8B |
总资产BALYRDDT
| Q4 25 | $11.2B | $3.2B | ||
| Q3 25 | $7.6B | $2.9B | ||
| Q2 25 | $7.8B | $2.6B | ||
| Q1 25 | $7.5B | $2.4B | ||
| Q4 24 | $5.9B | $2.3B | ||
| Q3 24 | $6.4B | $2.2B | ||
| Q2 24 | $6.6B | $2.1B | ||
| Q1 24 | $6.6B | $2.0B |
负债/权益比BALYRDDT
| Q4 25 | 4.52× | — | ||
| Q3 25 | 7.17× | — | ||
| Q2 25 | 5.68× | — | ||
| Q1 25 | 4.33× | — | ||
| Q4 24 | 107.40× | — | ||
| Q3 24 | 15.73× | — | ||
| Q2 24 | 9.34× | — | ||
| Q1 24 | 8.19× | — |
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 | — | $266.8M |
| 自由现金流经营现金流 - 资本支出 | — | $263.6M |
| 自由现金流率自由现金流/营收 | — | 36.3% |
| 资本支出强度资本支出/营收 | 5.1% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | — | $684.2M |
8季度趋势，按日历期对齐
经营现金流BALYRDDT
| Q4 25 | — | $266.8M | ||
| Q3 25 | $-88.6M | $185.2M | ||
| Q2 25 | — | $111.3M | ||
| Q1 25 | $42.0M | $127.6M | ||
| Q4 24 | $37.8M | $90.0M | ||
| Q3 24 | $36.5M | $71.6M | ||
| Q2 24 | $47.6M | $28.4M | ||
| Q1 24 | $-7.9M | $32.1M |
自由现金流BALYRDDT
| Q4 25 | — | $263.6M | ||
| Q3 25 | $-139.3M | $183.1M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | $11.5M | $126.6M | ||
| Q4 24 | $-5.9M | $89.2M | ||
| Q3 24 | $-55.8M | $70.3M | ||
| Q2 24 | $11.8M | $27.2M | ||
| Q1 24 | $-35.9M | $29.2M |
自由现金流率BALYRDDT
| Q4 25 | — | 36.3% | ||
| Q3 25 | -21.0% | 31.3% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | 3.1% | 32.3% | ||
| Q4 24 | -1.0% | 20.8% | ||
| Q3 24 | -8.9% | 20.2% | ||
| Q2 24 | 1.9% | 9.7% | ||
| Q1 24 | -5.8% | 12.0% |
资本支出强度BALYRDDT
| Q4 25 | 5.1% | 0.4% | ||
| Q3 25 | 7.6% | 0.4% | ||
| Q2 25 | 7.4% | 0.1% | ||
| Q1 25 | 8.3% | 0.2% | ||
| Q4 24 | 7.5% | 0.2% | ||
| Q3 24 | 14.7% | 0.4% | ||
| Q2 24 | 5.7% | 0.4% | ||
| Q1 24 | 4.5% | 1.2% |
现金转化率BALYRDDT
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | 1.22× | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 2.40× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
BALY
| Casinos Resorts | $366.2M | 49% |
| Non Casino | $172.7M | 23% |
| Food And Beverage | $74.6M | 10% |
| Hotel | $69.9M | 9% |
| North America Interactive | $62.3M | 8% |
| Loyalty Programs | $6.7M | 1% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
