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康卡斯特（CMCSA）与甲骨文（ORCL）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甲骨文的2.0倍（$31.5B vs $16.1B），甲骨文净利率更高（38.2% vs 6.9%，领先31.3%），甲骨文同比增速更快（14.2% vs 5.3%），康卡斯特自由现金流更多（$3.9B vs $-10.0B），过去两年甲骨文的营收复合增速更高（10.0% vs 2.9%）
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。
甲骨文公司是全球知名的企业软件公司，主打数据库软件、企业级应用软件、云基础设施与云服务等业务，为全球各行业的企业提供数字化转型、数据管理与业务运营的技术解决方案，在全球企业级科技领域占据重要地位。
CMCSA vs ORCL — 直观对比
营收规模更大
CMCSA
是对方的2.0倍
$16.1B
营收增速更快
ORCL
高出9.0%
5.3%
净利率更高
ORCL
高出31.3%
6.9%
自由现金流更多
CMCSA
多$13.9B
$-10.0B
两年增速更快
ORCL
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $31.5B | $16.1B |
| 净利润 | $2.2B | $6.1B |
| 毛利率 | — | — |
| 营业利润率 | 13.1% | 29.5% |
| 净利率 | 6.9% | 38.2% |
| 营收同比 | 5.3% | 14.2% |
| 净利润同比 | -35.6% | 94.7% |
| 每股收益（稀释后） | $0.60 | $2.10 |
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CMCSAORCL
| Q1 26 | $31.5B | — | ||
| Q4 25 | $32.3B | $16.1B | ||
| Q3 25 | $31.2B | $14.9B | ||
| Q2 25 | $30.3B | $15.9B | ||
| Q1 25 | $29.9B | $14.1B | ||
| Q4 24 | $31.9B | $14.1B | ||
| Q3 24 | $32.1B | $13.3B | ||
| Q2 24 | $29.7B | $14.3B |
净利润CMCSAORCL
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $6.1B | ||
| Q3 25 | $3.3B | $2.9B | ||
| Q2 25 | $11.1B | $3.4B | ||
| Q1 25 | $3.4B | $2.9B | ||
| Q4 24 | $4.8B | $3.2B | ||
| Q3 24 | $3.6B | $2.9B | ||
| Q2 24 | $3.9B | $3.1B |
营业利润率CMCSAORCL
| Q1 26 | 13.1% | — | ||
| Q4 25 | 10.8% | 29.5% | ||
| Q3 25 | 17.7% | 28.7% | ||
| Q2 25 | 19.8% | 32.1% | ||
| Q1 25 | 18.9% | 30.8% | ||
| Q4 24 | 15.6% | 30.0% | ||
| Q3 24 | 18.3% | 30.0% | ||
| Q2 24 | 22.3% | 32.8% |
净利率CMCSAORCL
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.7% | 38.2% | ||
| Q3 25 | 10.7% | 19.6% | ||
| Q2 25 | 36.7% | 21.5% | ||
| Q1 25 | 11.3% | 20.8% | ||
| Q4 24 | 15.0% | 22.4% | ||
| Q3 24 | 11.3% | 22.0% | ||
| Q2 24 | 13.2% | 22.0% |
每股收益（稀释后）CMCSAORCL
| Q1 26 | $0.60 | — | ||
| Q4 25 | $0.62 | $2.10 | ||
| Q3 25 | $0.90 | $1.01 | ||
| Q2 25 | $2.98 | $1.19 | ||
| Q1 25 | $0.89 | $1.02 | ||
| Q4 24 | $1.23 | $1.10 | ||
| Q3 24 | $0.94 | $1.03 | ||
| Q2 24 | $1.00 | $1.11 |
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 | $19.2B |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $88.3B | $30.0B |
| 总资产 | $260.0B | $205.0B |
| 负债/权益比越低杠杆越低 | 0.06× | — |
8季度趋势，按日历期对齐
现金及短期投资CMCSAORCL
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.5B | $19.2B | ||
| Q3 25 | $9.3B | $10.4B | ||
| Q2 25 | $9.7B | $10.8B | ||
| Q1 25 | $8.6B | $17.4B | ||
| Q4 24 | $7.3B | $10.9B | ||
| Q3 24 | $8.9B | $10.6B | ||
| Q2 24 | $6.2B | $10.5B |
总债务CMCSAORCL
| Q1 26 | $5.4B | — | ||
| Q4 25 | $93.0B | — | ||
| Q3 25 | $93.2B | — | ||
| Q2 25 | $95.8B | — | ||
| Q1 25 | $92.3B | — | ||
| Q4 24 | $94.2B | — | ||
| Q3 24 | $98.8B | — | ||
| Q2 24 | $97.1B | — |
股东权益CMCSAORCL
| Q1 26 | $88.3B | — | ||
| Q4 25 | $96.9B | $30.0B | ||
| Q3 25 | $97.1B | $24.2B | ||
| Q2 25 | $96.9B | $20.5B | ||
| Q1 25 | $86.6B | $16.7B | ||
| Q4 24 | $85.6B | $13.7B | ||
| Q3 24 | $85.8B | $10.8B | ||
| Q2 24 | $83.2B | $8.7B |
总资产CMCSAORCL
| Q1 26 | $260.0B | — | ||
| Q4 25 | $272.6B | $205.0B | ||
| Q3 25 | $273.0B | $180.4B | ||
| Q2 25 | $273.9B | $168.4B | ||
| Q1 25 | $267.8B | $161.4B | ||
| Q4 24 | $266.2B | $148.5B | ||
| Q3 24 | $269.9B | $144.2B | ||
| Q2 24 | $262.6B | $141.0B |
负债/权益比CMCSAORCL
| Q1 26 | 0.06× | — | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 0.96× | — | ||
| Q2 25 | 0.99× | — | ||
| 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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $3.9B | $-10.0B |
| 自由现金流率自由现金流/营收 | 12.4% | -62.1% |
| 资本支出强度资本支出/营收 | 7.5% | 74.9% |
| 现金转化率经营现金流/净利润 | 3.17× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $19.8B | $-13.2B |
8季度趋势，按日历期对齐
经营现金流CMCSAORCL
| Q1 26 | $6.9B | — | ||
| Q4 25 | $8.8B | $2.1B | ||
| Q3 25 | $8.7B | $8.1B | ||
| Q2 25 | $7.8B | $6.2B | ||
| Q1 25 | $8.3B | $5.9B | ||
| Q4 24 | $8.1B | $1.3B | ||
| Q3 24 | $7.0B | $7.4B | ||
| Q2 24 | $4.7B | $6.1B |
自由现金流CMCSAORCL
| Q1 26 | $3.9B | — | ||
| Q4 25 | $5.1B | $-10.0B | ||
| Q3 25 | $5.6B | $-362.0M | ||
| Q2 25 | $5.1B | $-2.9B | ||
| Q1 25 | $6.0B | $71.0M | ||
| Q4 24 | $4.2B | $-2.7B | ||
| Q3 24 | $4.1B | $5.1B | ||
| Q2 24 | $2.0B | $3.3B |
自由现金流率CMCSAORCL
| Q1 26 | 12.4% | — | ||
| Q4 25 | 15.8% | -62.1% | ||
| Q3 25 | 18.0% | -2.4% | ||
| Q2 25 | 16.9% | -18.4% | ||
| Q1 25 | 20.2% | 0.5% | ||
| Q4 24 | 13.1% | -19.0% | ||
| Q3 24 | 12.8% | 38.5% | ||
| Q2 24 | 6.7% | 23.0% |
资本支出强度CMCSAORCL
| Q1 26 | 7.5% | — | ||
| Q4 25 | 11.6% | 74.9% | ||
| Q3 25 | 9.8% | 57.0% | ||
| Q2 25 | 8.8% | 57.1% | ||
| Q1 25 | 7.5% | 41.5% | ||
| Q4 24 | 12.3% | 28.2% | ||
| Q3 24 | 9.1% | 17.3% | ||
| Q2 24 | 9.2% | 19.6% |
现金转化率CMCSAORCL
| Q1 26 | 3.17× | — | ||
| Q4 25 | 4.08× | 0.34× | ||
| Q3 25 | 2.61× | 2.78× | ||
| Q2 25 | 0.70× | 1.80× | ||
| Q1 25 | 2.46× | 2.02× | ||
| Q4 24 | 1.69× | 0.41× | ||
| Q3 24 | 1.93× | 2.54× | ||
| Q2 24 | 1.20× | 1.93× |
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% |
ORCL
| Software Support | $4.9B | 31% |
| Cloud Infrastructure | $4.1B | 25% |
| Cloud Applications | $3.9B | 24% |
| Services Business | $1.4B | 9% |
| Software License | $939.0M | 6% |
| Hardware Business | $776.0M | 5% |
