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康卡斯特（CMCSA）与ZIFF DAVIS, INC.（ZD）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ZIFF DAVIS, INC.的77.3倍（$31.5B vs $406.7M）。康卡斯特净利率更高（6.9% vs 0.1%，领先6.8%）。康卡斯特同比增速更快（5.3% vs -1.5%）。康卡斯特自由现金流更多（$3.9B vs $157.8M）。过去两年ZIFF DAVIS, INC.的营收复合增速更高（13.7% 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。
齐夫戴维斯是美国知名数字媒体及互联网企业，由威廉·伯纳德·齐夫一世与伯纳德·乔治·戴维斯于1927年创立。公司核心业务涵盖科技、健康类媒体网站，线上购物相关服务，互联网接入服务，游戏娱乐品牌，以及网络安全和营销技术工具，早年曾以爱好者类杂志出版为主要业务。
CMCSA vs ZD — 直观对比
营收规模更大
CMCSA
是对方的77.3倍
$406.7M
营收增速更快
CMCSA
高出6.7%
-1.5%
净利率更高
CMCSA
高出6.8%
0.1%
自由现金流更多
CMCSA
多$3.7B
$157.8M
两年增速更快
ZD
近两年复合增速
2.9%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $31.5B | $406.7M |
| 净利润 | $2.2B | $370.0K |
| 毛利率 | — | 85.9% |
| 营业利润率 | 13.1% | 21.2% |
| 净利率 | 6.9% | 0.1% |
| 营收同比 | 5.3% | -1.5% |
| 净利润同比 | -35.6% | -99.4% |
| 每股收益（稀释后） | $0.60 | $0.06 |
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CMCSAZD
| Q1 26 | $31.5B | — | ||
| Q4 25 | $32.3B | $406.7M | ||
| Q3 25 | $31.2B | $363.7M | ||
| Q2 25 | $30.3B | $352.2M | ||
| Q1 25 | $29.9B | $328.6M | ||
| Q4 24 | $31.9B | $412.8M | ||
| Q3 24 | $32.1B | $353.6M | ||
| Q2 24 | $29.7B | $320.8M |
净利润CMCSAZD
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $370.0K | ||
| Q3 25 | $3.3B | $-3.6M | ||
| Q2 25 | $11.1B | $26.3M | ||
| Q1 25 | $3.4B | $24.2M | ||
| Q4 24 | $4.8B | $64.1M | ||
| Q3 24 | $3.6B | $-48.6M | ||
| Q2 24 | $3.9B | $36.9M |
毛利率CMCSAZD
| Q1 26 | — | — | ||
| Q4 25 | — | 85.9% | ||
| Q3 25 | — | 85.4% | ||
| Q2 25 | — | 86.1% | ||
| Q1 25 | — | 85.6% | ||
| Q4 24 | — | 87.1% | ||
| Q3 24 | — | 85.5% | ||
| Q2 24 | — | 84.4% |
营业利润率CMCSAZD
| Q1 26 | 13.1% | — | ||
| Q4 25 | 10.8% | 21.2% | ||
| Q3 25 | 17.7% | 7.8% | ||
| Q2 25 | 19.8% | 9.5% | ||
| Q1 25 | 18.9% | 10.7% | ||
| Q4 24 | 15.6% | 19.0% | ||
| Q3 24 | 18.3% | -8.3% | ||
| Q2 24 | 22.3% | 8.9% |
净利率CMCSAZD
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.7% | 0.1% | ||
| Q3 25 | 10.7% | -1.0% | ||
| Q2 25 | 36.7% | 7.5% | ||
| Q1 25 | 11.3% | 7.4% | ||
| Q4 24 | 15.0% | 15.5% | ||
| Q3 24 | 11.3% | -13.7% | ||
| Q2 24 | 13.2% | 11.5% |
每股收益（稀释后）CMCSAZD
| Q1 26 | $0.60 | — | ||
| Q4 25 | $0.62 | $0.06 | ||
| Q3 25 | $0.90 | $-0.09 | ||
| Q2 25 | $2.98 | $0.62 | ||
| Q1 25 | $0.89 | $0.56 | ||
| Q4 24 | $1.23 | $1.53 | ||
| Q3 24 | $0.94 | $-1.11 | ||
| Q2 24 | $1.00 | $0.77 |
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 | $607.0M |
| 总债务越低越好 | $5.4B | $866.5M |
| 股东权益账面价值 | $88.3B | $1.8B |
| 总资产 | $260.0B | $3.7B |
| 负债/权益比越低杠杆越低 | 0.06× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资CMCSAZD
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.5B | $607.0M | ||
| Q3 25 | $9.3B | $503.4M | ||
| Q2 25 | $9.7B | $457.3M | ||
| Q1 25 | $8.6B | $431.0M | ||
| Q4 24 | $7.3B | $505.9M | ||
| Q3 24 | $8.9B | $386.1M | ||
| Q2 24 | $6.2B | $687.2M |
总债务CMCSAZD
| Q1 26 | $5.4B | — | ||
| Q4 25 | $93.0B | $866.5M | ||
| Q3 25 | $93.2B | — | ||
| Q2 25 | $95.8B | — | ||
| Q1 25 | $92.3B | — | ||
| Q4 24 | $94.2B | $864.3M | ||
| Q3 24 | $98.8B | — | ||
| Q2 24 | $97.1B | — |
股东权益CMCSAZD
| Q1 26 | $88.3B | — | ||
| Q4 25 | $96.9B | $1.8B | ||
| Q3 25 | $97.1B | $1.8B | ||
| Q2 25 | $96.9B | $1.8B | ||
| Q1 25 | $86.6B | $1.8B | ||
| Q4 24 | $85.6B | $1.8B | ||
| Q3 24 | $85.8B | $1.8B | ||
| Q2 24 | $83.2B | $1.9B |
总资产CMCSAZD
| Q1 26 | $260.0B | — | ||
| Q4 25 | $272.6B | $3.7B | ||
| Q3 25 | $273.0B | $3.5B | ||
| Q2 25 | $273.9B | $3.5B | ||
| Q1 25 | $267.8B | $3.5B | ||
| Q4 24 | $266.2B | $3.7B | ||
| Q3 24 | $269.9B | $3.4B | ||
| Q2 24 | $262.6B | $3.7B |
负债/权益比CMCSAZD
| Q1 26 | 0.06× | — | ||
| Q4 25 | 0.96× | 0.49× | ||
| Q3 25 | 0.96× | — | ||
| Q2 25 | 0.99× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.10× | 0.48× | ||
| 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 | $191.1M |
| 自由现金流经营现金流 - 资本支出 | $3.9B | $157.8M |
| 自由现金流率自由现金流/营收 | 12.4% | 38.8% |
| 资本支出强度资本支出/营收 | 7.5% | 8.2% |
| 现金转化率经营现金流/净利润 | 3.17× | 516.44× |
| 过去12个月自由现金流最近4个季度 | $19.8B | $287.9M |
8季度趋势，按日历期对齐
经营现金流CMCSAZD
| Q1 26 | $6.9B | — | ||
| Q4 25 | $8.8B | $191.1M | ||
| Q3 25 | $8.7B | $138.3M | ||
| Q2 25 | $7.8B | $57.1M | ||
| Q1 25 | $8.3B | $20.6M | ||
| Q4 24 | $8.1B | $158.2M | ||
| Q3 24 | $7.0B | $106.0M | ||
| Q2 24 | $4.7B | $50.6M |
自由现金流CMCSAZD
| Q1 26 | $3.9B | — | ||
| Q4 25 | $5.1B | $157.8M | ||
| Q3 25 | $5.6B | $108.2M | ||
| Q2 25 | $5.1B | $26.9M | ||
| Q1 25 | $6.0B | $-5.0M | ||
| Q4 24 | $4.2B | $131.1M | ||
| Q3 24 | $4.1B | $80.1M | ||
| Q2 24 | $2.0B | $25.1M |
自由现金流率CMCSAZD
| Q1 26 | 12.4% | — | ||
| Q4 25 | 15.8% | 38.8% | ||
| Q3 25 | 18.0% | 29.7% | ||
| Q2 25 | 16.9% | 7.6% | ||
| Q1 25 | 20.2% | -1.5% | ||
| Q4 24 | 13.1% | 31.8% | ||
| Q3 24 | 12.8% | 22.7% | ||
| Q2 24 | 6.7% | 7.8% |
资本支出强度CMCSAZD
| Q1 26 | 7.5% | — | ||
| Q4 25 | 11.6% | 8.2% | ||
| Q3 25 | 9.8% | 8.3% | ||
| Q2 25 | 8.8% | 8.6% | ||
| Q1 25 | 7.5% | 7.8% | ||
| Q4 24 | 12.3% | 6.6% | ||
| Q3 24 | 9.1% | 7.3% | ||
| Q2 24 | 9.2% | 8.0% |
现金转化率CMCSAZD
| Q1 26 | 3.17× | — | ||
| Q4 25 | 4.08× | 516.44× | ||
| Q3 25 | 2.61× | — | ||
| Q2 25 | 0.70× | 2.17× | ||
| Q1 25 | 2.46× | 0.85× | ||
| Q4 24 | 1.69× | 2.47× | ||
| Q3 24 | 1.93× | — | ||
| Q2 24 | 1.20× | 1.37× |
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% |
ZD
| Health And Wellness | $114.8M | 28% |
| Technology And Shopping | $108.9M | 27% |
| Cybersecurity And Martech Segment | $70.9M | 17% |
| Connectivity | $60.3M | 15% |
| Gaming And Entertainment | $51.7M | 13% |
| Subscription And Licensing | $2.9M | 1% |
