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CBIZ, Inc.（CBZ）与TKO Group Holdings（TKO）财务数据对比。点击上方公司名可切换其他公司
TKO Group Holdings的季度营收约是CBIZ, Inc.的1.9倍（$1.0B vs $542.7M），TKO Group Holdings净利率更高（-0.2% vs -14.6%，领先14.4%），TKO Group Holdings同比增速更快（61.6% vs 17.9%），过去两年TKO Group Holdings的营收复合增速更高（28.4% vs 4.8%）
CBIZ, Inc.是美国知名的金融、保险及咨询服务提供商，总部位于俄亥俄州独立市，为美国规模最大的会计、保险经纪、金融与咨询服务机构之一。集团在全美设有120多个办事处，拥有近7000名员工，1996年起在纽交所上市，1997年起使用股票代码CBZ交易。
TKO Group Holdings是美国体育及体育娱乐上市企业，成立于2023年9月12日，由奋进集团（Endeavor）子公司、终极格斗冠军赛（UFC）母公司Zuffa与职业摔跤品牌世界摔角娱乐（WWE）合并组建，主营综合格斗、职业摔跤赛事运营及相关娱乐内容业务。
CBZ vs TKO — 直观对比
营收规模更大
TKO
是对方的1.9倍
$542.7M
营收增速更快
TKO
高出43.7%
17.9%
净利率更高
TKO
高出14.4%
-14.6%
两年增速更快
TKO
近两年复合增速
4.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $542.7M | $1.0B |
| 净利润 | $-79.4M | $-2.4M |
| 毛利率 | -9.4% | — |
| 营业利润率 | -15.7% | 5.5% |
| 净利率 | -14.6% | -0.2% |
| 营收同比 | 17.9% | 61.6% |
| 净利润同比 | 12.5% | -107.7% |
| 每股收益（稀释后） | $-1.22 | $-0.07 |
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CBZTKO
| Q4 25 | $542.7M | $1.0B | ||
| Q3 25 | $693.8M | $1.1B | ||
| Q2 25 | $683.5M | $1.3B | ||
| Q1 25 | $838.0M | $1.3B | ||
| Q4 24 | $460.3M | $642.2M | ||
| Q3 24 | $438.9M | $681.3M | ||
| Q2 24 | $420.0M | $851.2M | ||
| Q1 24 | $494.3M | $629.7M |
净利润CBZTKO
| Q4 25 | $-79.4M | $-2.4M | ||
| Q3 25 | $30.1M | $41.0M | ||
| Q2 25 | $41.9M | $98.4M | ||
| Q1 25 | $122.8M | $58.4M | ||
| Q4 24 | $-90.7M | $31.0M | ||
| Q3 24 | $35.1M | $23.1M | ||
| Q2 24 | $19.8M | $59.1M | ||
| Q1 24 | $76.9M | $-103.8M |
毛利率CBZTKO
| Q4 25 | -9.4% | — | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 12.9% | — | ||
| Q1 25 | 27.2% | — | ||
| Q4 24 | -13.4% | — | ||
| Q3 24 | 16.6% | — | ||
| Q2 24 | 12.8% | — | ||
| Q1 24 | 23.8% | — |
营业利润率CBZTKO
| Q4 25 | -15.7% | 5.5% | ||
| Q3 25 | 8.5% | 15.4% | ||
| Q2 25 | 8.8% | 28.1% | ||
| Q1 25 | 23.9% | 18.7% | ||
| Q4 24 | -23.2% | 15.9% | ||
| Q3 24 | 11.3% | 20.0% | ||
| Q2 24 | 7.5% | 30.0% | ||
| Q1 24 | 20.0% | -33.4% |
净利率CBZTKO
| Q4 25 | -14.6% | -0.2% | ||
| Q3 25 | 4.3% | 3.7% | ||
| Q2 25 | 6.1% | 7.5% | ||
| Q1 25 | 14.7% | 4.6% | ||
| Q4 24 | -19.7% | 4.8% | ||
| Q3 24 | 8.0% | 3.4% | ||
| Q2 24 | 4.7% | 6.9% | ||
| Q1 24 | 15.6% | -16.5% |
每股收益（稀释后）CBZTKO
| Q4 25 | $-1.22 | $-0.07 | ||
| Q3 25 | $0.48 | $0.47 | ||
| Q2 25 | $0.66 | $1.17 | ||
| Q1 25 | $1.91 | $0.69 | ||
| Q4 24 | $-1.84 | $0.28 | ||
| Q3 24 | $0.70 | $0.28 | ||
| Q2 24 | $0.39 | $0.72 | ||
| Q1 24 | $1.53 | $-1.26 |
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 | $18.3M | $831.1M |
| 总债务越低越好 | — | $3.8B |
| 股东权益账面价值 | $1.8B | $3.7B |
| 总资产 | $4.4B | $15.5B |
| 负债/权益比越低杠杆越低 | — | 1.01× |
8季度趋势，按日历期对齐
现金及短期投资CBZTKO
| Q4 25 | $18.3M | $831.1M | ||
| Q3 25 | $17.0M | $861.4M | ||
| Q2 25 | $39.8M | $535.1M | ||
| Q1 25 | $8.8M | $470.9M | ||
| Q4 24 | $13.8M | $525.6M | ||
| Q3 24 | $1.1M | $457.4M | ||
| Q2 24 | $1.1M | $277.5M | ||
| Q1 24 | $1.4M | $245.8M |
总债务CBZTKO
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.7B |
股东权益CBZTKO
| Q4 25 | $1.8B | $3.7B | ||
| Q3 25 | $1.9B | $3.8B | ||
| Q2 25 | $1.9B | $4.3B | ||
| Q1 25 | $1.9B | $4.2B | ||
| Q4 24 | $1.8B | $4.1B | ||
| Q3 24 | $927.9M | $4.0B | ||
| Q2 24 | $891.4M | $4.0B | ||
| Q1 24 | $867.1M | $4.0B |
总资产CBZTKO
| Q4 25 | $4.4B | $15.5B | ||
| Q3 25 | $4.5B | $15.5B | ||
| Q2 25 | $4.5B | $15.3B | ||
| Q1 25 | $4.6B | $15.0B | ||
| Q4 24 | $4.5B | $12.7B | ||
| Q3 24 | $2.1B | $12.8B | ||
| Q2 24 | $2.2B | $12.7B | ||
| Q1 24 | $2.2B | $12.7B |
负债/权益比CBZTKO
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.68× |
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 | $143.6M | $309.9M |
| 自由现金流经营现金流 - 资本支出 | $141.7M | — |
| 自由现金流率自由现金流/营收 | 26.1% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 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 | $175.5M | — |
8季度趋势，按日历期对齐
经营现金流CBZTKO
| Q4 25 | $143.6M | $309.9M | ||
| Q3 25 | $24.0M | $416.8M | ||
| Q2 25 | $113.1M | $396.2M | ||
| Q1 25 | $-88.3M | $162.8M | ||
| Q4 24 | $55.5M | $56.8M | ||
| Q3 24 | $43.7M | $236.5M | ||
| Q2 24 | $88.2M | $230.7M | ||
| Q1 24 | $-63.7M | $59.3M |
自由现金流CBZTKO
| Q4 25 | $141.7M | — | ||
| Q3 25 | $22.1M | — | ||
| Q2 25 | $105.2M | — | ||
| Q1 25 | $-93.4M | — | ||
| Q4 24 | $52.3M | — | ||
| Q3 24 | $41.1M | — | ||
| Q2 24 | $86.3M | — | ||
| Q1 24 | $-68.8M | — |
自由现金流率CBZTKO
| Q4 25 | 26.1% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 15.4% | — | ||
| Q1 25 | -11.2% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 9.4% | — | ||
| Q2 24 | 20.5% | — | ||
| Q1 24 | -13.9% | — |
资本支出强度CBZTKO
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 1.0% | — |
现金转化率CBZTKO
| Q4 25 | — | — | ||
| Q3 25 | 0.79× | 10.16× | ||
| Q2 25 | 2.70× | 4.03× | ||
| Q1 25 | -0.72× | 2.79× | ||
| Q4 24 | — | 1.83× | ||
| Q3 24 | 1.25× | 10.22× | ||
| Q2 24 | 4.45× | 3.90× | ||
| Q1 24 | -0.83× | — |
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
CBZ
| Financial Services | $439.5M | 81% |
| Benefits And Insurance Services | $91.3M | 17% |
| National Practices | $11.9M | 2% |
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
