vs
康卡斯特（CMCSA）与威立（WLY）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威立的74.6倍（$31.5B vs $421.8M）。威立净利率更高（10.6% vs 6.9%，领先3.7%）。康卡斯特同比增速更快（5.3% vs -1.1%）。康卡斯特自由现金流更多（$3.9B vs $-4.6M）。过去两年康卡斯特的营收复合增速更高（2.9% vs -4.3%）
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。
约翰威立国际出版公司是美国跨国出版企业，1807年成立，专注于学术出版与教学资料发行。业务覆盖纸质和电子形式的图书、期刊、百科全书，同时面向本科生、研究生及继续教育群体提供线上产品与服务、培训材料和教育资源，在全球学术与教育出版领域拥有深厚积累。
CMCSA vs WLY — 直观对比
营收规模更大
CMCSA
是对方的74.6倍
$421.8M
营收增速更快
CMCSA
高出6.4%
-1.1%
净利率更高
WLY
高出3.7%
6.9%
自由现金流更多
CMCSA
多$3.9B
$-4.6M
两年增速更快
CMCSA
近两年复合增速
-4.3%
损益表 — Q1 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $31.5B | $421.8M |
| 净利润 | $2.2B | $44.9M |
| 毛利率 | — | 75.2% |
| 营业利润率 | 13.1% | 17.3% |
| 净利率 | 6.9% | 10.6% |
| 营收同比 | 5.3% | -1.1% |
| 净利润同比 | -35.6% | 11.0% |
| 每股收益（稀释后） | $0.60 | $0.84 |
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CMCSAWLY
| Q1 26 | $31.5B | — | ||
| Q4 25 | $32.3B | $421.8M | ||
| Q3 25 | $31.2B | $396.8M | ||
| Q2 25 | $30.3B | $442.6M | ||
| Q1 25 | $29.9B | $404.6M | ||
| Q4 24 | $31.9B | $426.6M | ||
| Q3 24 | $32.1B | $403.8M | ||
| Q2 24 | $29.7B | $468.5M |
净利润CMCSAWLY
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $44.9M | ||
| Q3 25 | $3.3B | $11.7M | ||
| Q2 25 | $11.1B | $68.1M | ||
| Q1 25 | $3.4B | $-23.0M | ||
| Q4 24 | $4.8B | $40.5M | ||
| Q3 24 | $3.6B | $-1.4M | ||
| Q2 24 | $3.9B | $25.3M |
毛利率CMCSAWLY
| Q1 26 | — | — | ||
| Q4 25 | — | 75.2% | ||
| Q3 25 | — | 72.5% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 74.2% | ||
| Q4 24 | — | 74.9% | ||
| Q3 24 | — | 73.0% | ||
| Q2 24 | — | 73.7% |
营业利润率CMCSAWLY
| Q1 26 | 13.1% | — | ||
| Q4 25 | 10.8% | 17.3% | ||
| Q3 25 | 17.7% | 7.8% | ||
| Q2 25 | 19.8% | 17.3% | ||
| Q1 25 | 18.9% | 12.8% | ||
| Q4 24 | 15.6% | 15.0% | ||
| Q3 24 | 18.3% | 7.2% | ||
| Q2 24 | 22.3% | 14.7% |
净利率CMCSAWLY
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.7% | 10.6% | ||
| Q3 25 | 10.7% | 2.9% | ||
| Q2 25 | 36.7% | 15.4% | ||
| Q1 25 | 11.3% | -5.7% | ||
| Q4 24 | 15.0% | 9.5% | ||
| Q3 24 | 11.3% | -0.4% | ||
| Q2 24 | 13.2% | 5.4% |
每股收益（稀释后）CMCSAWLY
| Q1 26 | $0.60 | — | ||
| Q4 25 | $0.62 | $0.84 | ||
| Q3 25 | $0.90 | $0.22 | ||
| Q2 25 | $2.98 | $1.25 | ||
| Q1 25 | $0.89 | $-0.43 | ||
| Q4 24 | $1.23 | $0.74 | ||
| Q3 24 | $0.94 | $-0.03 | ||
| Q2 24 | $1.00 | $0.45 |
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 | $67.4M |
| 总债务越低越好 | $5.4B | $871.7M |
| 股东权益账面价值 | $88.3B | $740.2M |
| 总资产 | $260.0B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.06× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资CMCSAWLY
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.5B | $67.4M | ||
| Q3 25 | $9.3B | $81.8M | ||
| Q2 25 | $9.7B | $85.9M | ||
| Q1 25 | $8.6B | $104.5M | ||
| Q4 24 | $7.3B | $75.5M | ||
| Q3 24 | $8.9B | $82.5M | ||
| Q2 24 | $6.2B | $83.2M |
总债务CMCSAWLY
| Q1 26 | $5.4B | — | ||
| Q4 25 | $93.0B | $871.7M | ||
| Q3 25 | $93.2B | $828.3M | ||
| Q2 25 | $95.8B | $799.4M | ||
| Q1 25 | $92.3B | $887.2M | ||
| Q4 24 | $94.2B | $961.0M | ||
| Q3 24 | $98.8B | $918.6M | ||
| Q2 24 | $97.1B | $774.6M |
股东权益CMCSAWLY
| Q1 26 | $88.3B | — | ||
| Q4 25 | $96.9B | $740.2M | ||
| Q3 25 | $97.1B | $733.1M | ||
| Q2 25 | $96.9B | $752.2M | ||
| Q1 25 | $86.6B | $685.2M | ||
| Q4 24 | $85.6B | $755.3M | ||
| Q3 24 | $85.8B | $713.7M | ||
| Q2 24 | $83.2B | $739.7M |
总资产CMCSAWLY
| Q1 26 | $260.0B | — | ||
| Q4 25 | $272.6B | $2.5B | ||
| Q3 25 | $273.0B | $2.5B | ||
| Q2 25 | $273.9B | $2.7B | ||
| Q1 25 | $267.8B | $2.6B | ||
| Q4 24 | $266.2B | $2.6B | ||
| Q3 24 | $269.9B | $2.7B | ||
| Q2 24 | $262.6B | $2.7B |
负债/权益比CMCSAWLY
| Q1 26 | 0.06× | — | ||
| Q4 25 | 0.96× | 1.18× | ||
| Q3 25 | 0.96× | 1.13× | ||
| Q2 25 | 0.99× | 1.06× | ||
| Q1 25 | 1.07× | 1.29× | ||
| Q4 24 | 1.10× | 1.27× | ||
| Q3 24 | 1.15× | 1.29× | ||
| Q2 24 | 1.17× | 1.05× |
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 | $6.9B | $8.5M |
| 自由现金流经营现金流 - 资本支出 | $3.9B | $-4.6M |
| 自由现金流率自由现金流/营收 | 12.4% | -1.1% |
| 资本支出强度资本支出/营收 | 7.5% | 3.1% |
| 现金转化率经营现金流/净利润 | 3.17× | 0.19× |
| 过去12个月自由现金流最近4个季度 | $19.8B | $162.5M |
8季度趋势，按日历期对齐
经营现金流CMCSAWLY
| Q1 26 | $6.9B | — | ||
| Q4 25 | $8.8B | $8.5M | ||
| Q3 25 | $8.7B | $-85.0M | ||
| Q2 25 | $7.8B | $150.3M | ||
| Q1 25 | $8.3B | $146.2M | ||
| Q4 24 | $8.1B | $-5.3M | ||
| Q3 24 | $7.0B | $-88.7M | ||
| Q2 24 | $4.7B | $183.3M |
自由现金流CMCSAWLY
| Q1 26 | $3.9B | — | ||
| Q4 25 | $5.1B | $-4.6M | ||
| Q3 25 | $5.6B | $-97.0M | ||
| Q2 25 | $5.1B | $131.2M | ||
| Q1 25 | $6.0B | $132.9M | ||
| Q4 24 | $4.2B | $-19.8M | ||
| Q3 24 | $4.1B | $-103.2M | ||
| Q2 24 | $2.0B | $164.5M |
自由现金流率CMCSAWLY
| Q1 26 | 12.4% | — | ||
| Q4 25 | 15.8% | -1.1% | ||
| Q3 25 | 18.0% | -24.4% | ||
| Q2 25 | 16.9% | 29.6% | ||
| Q1 25 | 20.2% | 32.9% | ||
| Q4 24 | 13.1% | -4.6% | ||
| Q3 24 | 12.8% | -25.6% | ||
| Q2 24 | 6.7% | 35.1% |
资本支出强度CMCSAWLY
| Q1 26 | 7.5% | — | ||
| Q4 25 | 11.6% | 3.1% | ||
| Q3 25 | 9.8% | 3.0% | ||
| Q2 25 | 8.8% | 4.3% | ||
| Q1 25 | 7.5% | 3.3% | ||
| Q4 24 | 12.3% | 3.4% | ||
| Q3 24 | 9.1% | 3.6% | ||
| Q2 24 | 9.2% | 4.0% |
现金转化率CMCSAWLY
| Q1 26 | 3.17× | — | ||
| Q4 25 | 4.08× | 0.19× | ||
| Q3 25 | 2.61× | -7.27× | ||
| Q2 25 | 0.70× | 2.21× | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.69× | -0.13× | ||
| Q3 24 | 1.93× | — | ||
| Q2 24 | 1.20× | 7.25× |
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% |
WLY
| Research Publishing | $241.4M | 57% |
| Academic Products | $87.0M | 21% |
| Professional Products | $56.2M | 13% |
| Research Solutions | $37.1M | 9% |
