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BuzzFeed, Inc.（BZFD）与EchoStar CORP（SATS）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是BuzzFeed, Inc.的67.1倍（$3.8B vs $56.5M）。EchoStar CORP净利率更高（-31.8% vs -47.4%，领先15.6%）。BuzzFeed, Inc.同比增速更快（0.6% vs -4.3%）。BuzzFeed, Inc.自由现金流更多（$-12.0M vs $-583.4M）。过去两年BuzzFeed, Inc.的营收复合增速更高（23.6% vs -2.8%）
BuzzFeed Inc.是总部位于美国纽约的互联网数字媒体公司，主营新闻与娱乐内容业务，由乔纳·佩雷蒂与约翰·约翰逊三世于2006年创立，最初以追踪 viral 热门传播内容为核心方向，原赫芬顿邮报联合创始人肯尼思·勒勒作为联合创始投资人，现担任公司执行董事长。
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
BZFD vs SATS — 直观对比
营收规模更大
SATS
是对方的67.1倍
$56.5M
营收增速更快
BZFD
高出4.9%
-4.3%
净利率更高
SATS
高出15.6%
-47.4%
自由现金流更多
BZFD
多$571.4M
$-583.4M
两年增速更快
BZFD
近两年复合增速
-2.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $56.5M | $3.8B |
| 净利润 | $-26.8M | $-1.2B |
| 毛利率 | — | — |
| 营业利润率 | -43.7% | -20.5% |
| 净利率 | -47.4% | -31.8% |
| 营收同比 | 0.6% | -4.3% |
| 净利润同比 | -186.4% | -460.1% |
| 每股收益（稀释后） | $-0.72 | $-4.27 |
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BZFDSATS
| Q4 25 | $56.5M | $3.8B | ||
| Q3 25 | $46.3M | $3.6B | ||
| Q2 25 | $46.4M | $3.7B | ||
| Q1 25 | $36.0M | $3.9B | ||
| Q4 24 | $56.2M | $4.0B | ||
| Q3 24 | $55.6M | $3.9B | ||
| Q2 24 | $41.1M | $4.0B | ||
| Q1 24 | $37.0M | $4.0B |
净利润BZFDSATS
| Q4 25 | $-26.8M | $-1.2B | ||
| Q3 25 | $-7.4M | $-12.8B | ||
| Q2 25 | $-10.8M | $-306.1M | ||
| Q1 25 | $-12.7M | $-202.7M | ||
| Q4 24 | $31.0M | $335.2M | ||
| Q3 24 | $2.1M | $-141.8M | ||
| Q2 24 | $-7.5M | $-205.6M | ||
| Q1 24 | $-35.7M | $-107.4M |
营业利润率BZFDSATS
| Q4 25 | -43.7% | -20.5% | ||
| Q3 25 | -12.9% | -460.5% | ||
| Q2 25 | -7.5% | -5.7% | ||
| Q1 25 | -38.1% | -2.3% | ||
| Q4 24 | 7.0% | -1.6% | ||
| Q3 24 | 2.8% | -4.1% | ||
| Q2 24 | -13.6% | -1.7% | ||
| Q1 24 | -63.4% | -0.4% |
净利率BZFDSATS
| Q4 25 | -47.4% | -31.8% | ||
| Q3 25 | -16.1% | -353.6% | ||
| Q2 25 | -23.3% | -8.2% | ||
| Q1 25 | -35.2% | -5.2% | ||
| Q4 24 | 55.2% | 8.5% | ||
| Q3 24 | 3.8% | -3.6% | ||
| Q2 24 | -18.2% | -5.2% | ||
| Q1 24 | -96.5% | -2.7% |
每股收益（稀释后）BZFDSATS
| Q4 25 | $-0.72 | $-4.27 | ||
| Q3 25 | $-0.20 | $-44.37 | ||
| Q2 25 | $-0.28 | $-1.06 | ||
| Q1 25 | $-0.33 | $-0.71 | ||
| Q4 24 | $0.86 | $1.24 | ||
| Q3 24 | $0.05 | $-0.52 | ||
| Q2 24 | $-0.20 | $-0.76 | ||
| Q1 24 | $-0.98 | $-0.40 |
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 | $8.5M | $3.0B |
| 总债务越低越好 | — | $18.7B |
| 股东权益账面价值 | $49.4M | $5.8B |
| 总资产 | $188.1M | $43.0B |
| 负债/权益比越低杠杆越低 | — | 3.24× |
8季度趋势，按日历期对齐
现金及短期投资BZFDSATS
| Q4 25 | $8.5M | $3.0B | ||
| Q3 25 | $34.3M | $3.9B | ||
| Q2 25 | $29.7M | $4.3B | ||
| Q1 25 | $34.3M | $5.1B | ||
| Q4 24 | $22.4M | $5.5B | ||
| Q3 24 | $53.7M | $674.4M | ||
| Q2 24 | $45.5M | $520.6M | ||
| Q1 24 | $44.5M | $766.4M |
总债务BZFDSATS
| Q4 25 | — | $18.7B | ||
| Q3 25 | — | $21.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | — | $25.3B | ||
| Q4 24 | — | $25.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $951.0M |
股东权益BZFDSATS
| Q4 25 | $49.4M | $5.8B | ||
| Q3 25 | $75.9M | $7.0B | ||
| Q2 25 | $81.1M | $19.7B | ||
| Q1 25 | $93.8M | $20.0B | ||
| Q4 24 | $104.8M | $20.2B | ||
| Q3 24 | $71.7M | $19.4B | ||
| Q2 24 | $67.2M | $19.6B | ||
| Q1 24 | $73.7M | $19.8B |
总资产BZFDSATS
| Q4 25 | $188.1M | $43.0B | ||
| Q3 25 | $211.2M | $45.3B | ||
| Q2 25 | $210.4M | $59.9B | ||
| Q1 25 | $203.2M | $60.6B | ||
| Q4 24 | $221.4M | $60.9B | ||
| Q3 24 | $276.5M | $57.5B | ||
| Q2 24 | $272.9M | $55.3B | ||
| Q1 24 | $299.0M | $55.6B |
负债/权益比BZFDSATS
| Q4 25 | — | 3.24× | ||
| Q3 25 | — | 3.13× | ||
| Q2 25 | — | 1.29× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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 | $-11.7M | $-425.3M |
| 自由现金流经营现金流 - 资本支出 | $-12.0M | $-583.4M |
| 自由现金流率自由现金流/营收 | -21.2% | -15.4% |
| 资本支出强度资本支出/营收 | 0.5% | 4.2% |
| 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 | $-20.7M | $-1.1B |
8季度趋势，按日历期对齐
经营现金流BZFDSATS
| Q4 25 | $-11.7M | $-425.3M | ||
| Q3 25 | $1.7M | $111.7M | ||
| Q2 25 | $-10.1M | $7.5M | ||
| Q1 25 | $1.3M | $206.8M | ||
| Q4 24 | $-4.6M | $45.6M | ||
| Q3 24 | $9.6M | $276.2M | ||
| Q2 24 | $-12.4M | $479.7M | ||
| Q1 24 | $-13.3M | $451.3M |
自由现金流BZFDSATS
| Q4 25 | $-12.0M | $-583.4M | ||
| Q3 25 | $892.0K | $-144.4M | ||
| Q2 25 | $-10.5M | $-285.7M | ||
| Q1 25 | $956.0K | $-51.7M | ||
| Q4 24 | $-4.7M | $-298.7M | ||
| Q3 24 | $9.3M | $-57.5M | ||
| Q2 24 | $-12.5M | $132.4M | ||
| Q1 24 | $-13.4M | $-68.4M |
自由现金流率BZFDSATS
| Q4 25 | -21.2% | -15.4% | ||
| Q3 25 | 1.9% | -4.0% | ||
| Q2 25 | -22.7% | -7.7% | ||
| Q1 25 | 2.7% | -1.3% | ||
| Q4 24 | -8.4% | -7.5% | ||
| Q3 24 | 16.7% | -1.5% | ||
| Q2 24 | -30.5% | 3.3% | ||
| Q1 24 | -36.2% | -1.7% |
资本支出强度BZFDSATS
| Q4 25 | 0.5% | 4.2% | ||
| Q3 25 | 1.8% | 7.1% | ||
| Q2 25 | 1.0% | 7.9% | ||
| Q1 25 | 1.1% | 6.7% | ||
| Q4 24 | 0.3% | 8.7% | ||
| Q3 24 | 0.5% | 8.6% | ||
| Q2 24 | 0.3% | 8.8% | ||
| Q1 24 | 0.2% | 12.9% |
现金转化率BZFDSATS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.15× | 0.14× | ||
| Q3 24 | 4.59× | — | ||
| 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
BZFD
| Advertising | $25.6M | 45% |
| Commerce And Other | $16.3M | 29% |
| Content | $14.7M | 26% |
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
