vs
康卡斯特（CMCSA）与麦格劳希尔（MH）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麦格劳希尔的72.5倍（$31.5B vs $434.2M）。康卡斯特净利率更高（6.9% vs -4.7%，领先11.6%）。康卡斯特同比增速更快（5.3% vs -35.1%）。康卡斯特自由现金流更多（$3.9B vs $285.4M）
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。
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
CMCSA vs MH — 直观对比
营收规模更大
CMCSA
是对方的72.5倍
$434.2M
营收增速更快
CMCSA
高出40.4%
-35.1%
净利率更高
CMCSA
高出11.6%
-4.7%
自由现金流更多
CMCSA
多$3.6B
$285.4M
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $31.5B | $434.2M |
| 净利润 | $2.2B | $-20.2M |
| 毛利率 | — | 85.3% |
| 营业利润率 | 13.1% | 7.0% |
| 净利率 | 6.9% | -4.7% |
| 营收同比 | 5.3% | -35.1% |
| 净利润同比 | -35.6% | -119.2% |
| 每股收益（稀释后） | $0.60 | $-0.11 |
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CMCSAMH
| Q1 26 | $31.5B | — | ||
| Q4 25 | $32.3B | $434.2M | ||
| Q3 25 | $31.2B | $669.2M | ||
| Q2 25 | $30.3B | $535.7M | ||
| Q1 25 | $29.9B | — | ||
| Q4 24 | $31.9B | — | ||
| Q3 24 | $32.1B | — | ||
| Q2 24 | $29.7B | — |
净利润CMCSAMH
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $-20.2M | ||
| Q3 25 | $3.3B | $105.3M | ||
| Q2 25 | $11.1B | $502.0K | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.9B | — |
毛利率CMCSAMH
| Q1 26 | — | — | ||
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 79.2% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率CMCSAMH
| Q1 26 | 13.1% | — | ||
| Q4 25 | 10.8% | 7.0% | ||
| Q3 25 | 17.7% | 23.4% | ||
| Q2 25 | 19.8% | 18.0% | ||
| Q1 25 | 18.9% | — | ||
| Q4 24 | 15.6% | — | ||
| Q3 24 | 18.3% | — | ||
| Q2 24 | 22.3% | — |
净利率CMCSAMH
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.7% | -4.7% | ||
| Q3 25 | 10.7% | 15.7% | ||
| Q2 25 | 36.7% | 0.1% | ||
| Q1 25 | 11.3% | — | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | 13.2% | — |
每股收益（稀释后）CMCSAMH
| Q1 26 | $0.60 | — | ||
| Q4 25 | $0.62 | $-0.11 | ||
| Q3 25 | $0.90 | $0.57 | ||
| Q2 25 | $2.98 | $0.00 | ||
| Q1 25 | $0.89 | — | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $0.94 | — | ||
| Q2 24 | $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 | $514.4M |
| 总债务越低越好 | $5.4B | $2.6B |
| 股东权益账面价值 | $88.3B | $775.3M |
| 总资产 | $260.0B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.06× | 3.36× |
8季度趋势，按日历期对齐
现金及短期投资CMCSAMH
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.5B | $514.4M | ||
| Q3 25 | $9.3B | $463.2M | ||
| Q2 25 | $9.7B | $247.3M | ||
| Q1 25 | $8.6B | — | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | $8.9B | — | ||
| Q2 24 | $6.2B | — |
总债务CMCSAMH
| Q1 26 | $5.4B | — | ||
| Q4 25 | $93.0B | $2.6B | ||
| Q3 25 | $93.2B | $2.8B | ||
| Q2 25 | $95.8B | $3.2B | ||
| Q1 25 | $92.3B | — | ||
| Q4 24 | $94.2B | — | ||
| Q3 24 | $98.8B | — | ||
| Q2 24 | $97.1B | — |
股东权益CMCSAMH
| Q1 26 | $88.3B | — | ||
| Q4 25 | $96.9B | $775.3M | ||
| Q3 25 | $97.1B | $794.6M | ||
| Q2 25 | $96.9B | $283.3M | ||
| Q1 25 | $86.6B | — | ||
| Q4 24 | $85.6B | — | ||
| Q3 24 | $85.8B | — | ||
| Q2 24 | $83.2B | — |
总资产CMCSAMH
| Q1 26 | $260.0B | — | ||
| Q4 25 | $272.6B | $5.6B | ||
| Q3 25 | $273.0B | $6.0B | ||
| Q2 25 | $273.9B | $5.7B | ||
| Q1 25 | $267.8B | — | ||
| Q4 24 | $266.2B | — | ||
| Q3 24 | $269.9B | — | ||
| Q2 24 | $262.6B | — |
负债/权益比CMCSAMH
| Q1 26 | 0.06× | — | ||
| Q4 25 | 0.96× | 3.36× | ||
| Q3 25 | 0.96× | 3.52× | ||
| Q2 25 | 0.99× | 11.17× | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.10× | — | ||
| Q3 24 | 1.15× | — | ||
| Q2 24 | 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 | $309.0M |
| 自由现金流经营现金流 - 资本支出 | $3.9B | $285.4M |
| 自由现金流率自由现金流/营收 | 12.4% | 65.7% |
| 资本支出强度资本支出/营收 | 7.5% | 5.4% |
| 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CMCSAMH
| Q1 26 | $6.9B | — | ||
| Q4 25 | $8.8B | $309.0M | ||
| Q3 25 | $8.7B | $265.0M | ||
| Q2 25 | $7.8B | $-96.7M | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $4.7B | — |
自由现金流CMCSAMH
| Q1 26 | $3.9B | — | ||
| Q4 25 | $5.1B | $285.4M | ||
| Q3 25 | $5.6B | $243.8M | ||
| Q2 25 | $5.1B | $-112.9M | ||
| Q1 25 | $6.0B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $2.0B | — |
自由现金流率CMCSAMH
| Q1 26 | 12.4% | — | ||
| Q4 25 | 15.8% | 65.7% | ||
| Q3 25 | 18.0% | 36.4% | ||
| Q2 25 | 16.9% | -21.1% | ||
| Q1 25 | 20.2% | — | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 12.8% | — | ||
| Q2 24 | 6.7% | — |
资本支出强度CMCSAMH
| Q1 26 | 7.5% | — | ||
| Q4 25 | 11.6% | 5.4% | ||
| Q3 25 | 9.8% | 3.2% | ||
| Q2 25 | 8.8% | 3.0% | ||
| Q1 25 | 7.5% | — | ||
| Q4 24 | 12.3% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | 9.2% | — |
现金转化率CMCSAMH
| Q1 26 | 3.17× | — | ||
| Q4 25 | 4.08× | — | ||
| Q3 25 | 2.61× | 2.52× | ||
| Q2 25 | 0.70× | -192.53× | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.69× | — | ||
| Q3 24 | 1.93× | — | ||
| Q2 24 | 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
CMCSA
| Connectivity & Platforms | $20.0B | 63% |
| Content & Experiences | $11.9B | 38% |
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
