vs
康卡斯特（CMCSA）与学乐集团（SCHL）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学乐集团的57.1倍（$31.5B vs $551.1M）。学乐集团净利率更高（10.1% vs 6.9%，领先3.2%）。康卡斯特同比增速更快（5.3% vs 1.2%）。过去两年学乐集团的营收复合增速更高（30.5% 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。
学乐集团是美国跨国出版教育传媒企业，面向学校、教师、家长、儿童及各类教育机构出版发行图书、漫画与各类教育素材。产品通过零售、线上渠道销售，同时还通过校园阅读俱乐部与书展进入校园，大红狗克利福德是集团的官方吉祥物。
CMCSA vs SCHL — 直观对比
营收规模更大
CMCSA
是对方的57.1倍
$551.1M
营收增速更快
CMCSA
高出4.1%
1.2%
净利率更高
SCHL
高出3.2%
6.9%
两年增速更快
SCHL
近两年复合增速
2.9%
损益表 — Q1 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $31.5B | $551.1M |
| 净利润 | $2.2B | $55.9M |
| 毛利率 | — | 59.1% |
| 营业利润率 | 13.1% | 15.0% |
| 净利率 | 6.9% | 10.1% |
| 营收同比 | 5.3% | 1.2% |
| 净利润同比 | -35.6% | 14.5% |
| 每股收益（稀释后） | $0.60 | $2.17 |
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CMCSASCHL
| Q1 26 | $31.5B | — | ||
| Q4 25 | $32.3B | $551.1M | ||
| Q3 25 | $31.2B | $225.6M | ||
| Q2 25 | $30.3B | $508.3M | ||
| Q1 25 | $29.9B | $335.4M | ||
| Q4 24 | $31.9B | $544.6M | ||
| Q3 24 | $32.1B | $237.2M | ||
| Q2 24 | $29.7B | $474.9M |
净利润CMCSASCHL
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $55.9M | ||
| Q3 25 | $3.3B | $-71.1M | ||
| Q2 25 | $11.1B | $15.4M | ||
| Q1 25 | $3.4B | $-3.6M | ||
| Q4 24 | $4.8B | $48.8M | ||
| Q3 24 | $3.6B | $-62.5M | ||
| Q2 24 | $3.9B | $35.9M |
毛利率CMCSASCHL
| Q1 26 | — | — | ||
| Q4 25 | — | 59.1% | ||
| Q3 25 | — | 45.3% | ||
| Q2 25 | — | 59.2% | ||
| Q1 25 | — | 53.9% | ||
| Q4 24 | — | 58.0% | ||
| Q3 24 | — | 45.9% | ||
| Q2 24 | — | 59.5% |
营业利润率CMCSASCHL
| Q1 26 | 13.1% | — | ||
| Q4 25 | 10.8% | 15.0% | ||
| Q3 25 | 17.7% | -40.9% | ||
| Q2 25 | 19.8% | 10.5% | ||
| Q1 25 | 18.9% | -7.1% | ||
| Q4 24 | 15.6% | 13.7% | ||
| Q3 24 | 18.3% | -37.3% | ||
| Q2 24 | 22.3% | 9.9% |
净利率CMCSASCHL
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.7% | 10.1% | ||
| Q3 25 | 10.7% | -31.5% | ||
| Q2 25 | 36.7% | 3.0% | ||
| Q1 25 | 11.3% | -1.1% | ||
| Q4 24 | 15.0% | 9.0% | ||
| Q3 24 | 11.3% | -26.3% | ||
| Q2 24 | 13.2% | 7.6% |
每股收益（稀释后）CMCSASCHL
| Q1 26 | $0.60 | — | ||
| Q4 25 | $0.62 | $2.17 | ||
| Q3 25 | $0.90 | $-2.83 | ||
| Q2 25 | $2.98 | $0.56 | ||
| Q1 25 | $0.89 | $-0.13 | ||
| Q4 24 | $1.23 | $1.71 | ||
| Q3 24 | $0.94 | $-2.21 | ||
| Q2 24 | $1.00 | $1.21 |
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 | $99.3M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $88.3B | $931.2M |
| 总资产 | $260.0B | $2.0B |
| 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CMCSASCHL
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.5B | $99.3M | ||
| Q3 25 | $9.3B | $94.3M | ||
| Q2 25 | $9.7B | $124.0M | ||
| Q1 25 | $8.6B | $94.7M | ||
| Q4 24 | $7.3B | $139.6M | ||
| Q3 24 | $8.9B | $84.1M | ||
| Q2 24 | $6.2B | $113.7M |
总债务CMCSASCHL
| 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 | $231.1M | ||
| Q2 24 | $97.1B | — |
股东权益CMCSASCHL
| Q1 26 | $88.3B | — | ||
| Q4 25 | $96.9B | $931.2M | ||
| Q3 25 | $97.1B | $878.0M | ||
| Q2 25 | $96.9B | $946.5M | ||
| Q1 25 | $86.6B | $941.3M | ||
| Q4 24 | $85.6B | $986.0M | ||
| Q3 24 | $85.8B | $957.3M | ||
| Q2 24 | $83.2B | $1.0B |
总资产CMCSASCHL
| Q1 26 | $260.0B | — | ||
| Q4 25 | $272.6B | $2.0B | ||
| Q3 25 | $273.0B | $2.0B | ||
| Q2 25 | $273.9B | $2.0B | ||
| Q1 25 | $267.8B | $2.0B | ||
| Q4 24 | $266.2B | $2.0B | ||
| Q3 24 | $269.9B | $2.0B | ||
| Q2 24 | $262.6B | $1.7B |
负债/权益比CMCSASCHL
| 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× | 0.24× | ||
| 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 | $73.2M |
| 自由现金流经营现金流 - 资本支出 | $3.9B | — |
| 自由现金流率自由现金流/营收 | 12.4% | — |
| 资本支出强度资本支出/营收 | 7.5% | — |
| 现金转化率经营现金流/净利润 | 3.17× | 1.31× |
| 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CMCSASCHL
| Q1 26 | $6.9B | — | ||
| Q4 25 | $8.8B | $73.2M | ||
| Q3 25 | $8.7B | $-81.8M | ||
| Q2 25 | $7.8B | $106.9M | ||
| Q1 25 | $8.3B | $-12.0M | ||
| Q4 24 | $8.1B | $71.2M | ||
| Q3 24 | $7.0B | $-41.9M | ||
| Q2 24 | $4.7B | $69.9M |
自由现金流CMCSASCHL
| Q1 26 | $3.9B | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.6B | — | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $6.0B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $2.0B | — |
自由现金流率CMCSASCHL
| Q1 26 | 12.4% | — | ||
| Q4 25 | 15.8% | — | ||
| Q3 25 | 18.0% | — | ||
| Q2 25 | 16.9% | — | ||
| Q1 25 | 20.2% | — | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 12.8% | — | ||
| Q2 24 | 6.7% | — |
资本支出强度CMCSASCHL
| Q1 26 | 7.5% | — | ||
| Q4 25 | 11.6% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 7.5% | — | ||
| Q4 24 | 12.3% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | 9.2% | — |
现金转化率CMCSASCHL
| Q1 26 | 3.17× | — | ||
| Q4 25 | 4.08× | 1.31× | ||
| Q3 25 | 2.61× | — | ||
| Q2 25 | 0.70× | 6.94× | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.69× | 1.46× | ||
| Q3 24 | 1.93× | — | ||
| Q2 24 | 1.20× | 1.95× |
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% |
SCHL
| Book Fairs | $242.0M | 44% |
| Trade US | $102.9M | 19% |
| Major Markets | $78.3M | 14% |
| Education Solutions | $62.2M | 11% |
| Book Clubs | $28.5M | 5% |
| Entertainment International | $13.5M | 2% |
| Other Markets | $11.2M | 2% |
| Trade International | $7.5M | 1% |
| Entertainment U.S. | $1.6M | 0% |
