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Compass, Inc.（COMP）与华纳音乐集团（WMG）财务数据对比。点击上方公司名可切换其他公司
华纳音乐集团的季度营收约是Compass, Inc.的1.1倍（$1.8B vs $1.7B），华纳音乐集团净利率更高（9.6% vs -2.5%，领先12.1%），Compass, Inc.同比增速更快（23.1% vs 10.4%），华纳音乐集团自由现金流更多（$420.0M vs $42.2M），过去两年Compass, Inc.的营收复合增速更高（27.0% vs 11.0%）
Compass, Inc.是美国主营住宅房产经纪业务的企业，其平台旗下有约3.3万名经纪人，大多为独立合同工，运营Compass、21世纪不动产、科威国际不动产、苏富比国际地产、佳士得国际地产等多个知名房产经纪品牌。
华纳音乐集团（简称WMG）是总部位于美国纽约的跨国娱乐及唱片集团，属于全球唱片行业“三大巨头”之一，市场规模位居全球音乐行业第三位，仅次于环球音乐集团与索尼音乐娱乐。
COMP vs WMG — 直观对比
营收规模更大
WMG
是对方的1.1倍
$1.7B
营收增速更快
COMP
高出12.7%
10.4%
净利率更高
WMG
高出12.1%
-2.5%
自由现金流更多
WMG
多$377.8M
$42.2M
两年增速更快
COMP
近两年复合增速
11.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.8B |
| 净利润 | $-42.6M | $176.0M |
| 毛利率 | — | 46.4% |
| 营业利润率 | -2.5% | 15.7% |
| 净利率 | -2.5% | 9.6% |
| 营收同比 | 23.1% | 10.4% |
| 净利润同比 | -5.2% | -25.4% |
| 每股收益（稀释后） | $-0.07 | — |
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COMPWMG
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.8B | $1.9B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.1B | $1.5B |
净利润COMPWMG
| Q4 25 | $-42.6M | $176.0M | ||
| Q3 25 | $-4.6M | $109.0M | ||
| Q2 25 | $39.4M | $-16.0M | ||
| Q1 25 | $-50.7M | $36.0M | ||
| Q4 24 | $-40.5M | $236.0M | ||
| Q3 24 | $-1.7M | $41.0M | ||
| Q2 24 | $20.7M | $139.0M | ||
| Q1 24 | $-132.9M | $96.0M |
毛利率COMPWMG
| Q4 25 | — | 46.4% | ||
| Q3 25 | — | 44.6% | ||
| Q2 25 | — | 45.9% | ||
| Q1 25 | — | 46.7% | ||
| Q4 24 | — | 46.3% | ||
| Q3 24 | — | 47.6% | ||
| Q2 24 | — | 46.6% | ||
| Q1 24 | — | 47.1% |
营业利润率COMPWMG
| Q4 25 | -2.5% | 15.7% | ||
| Q3 25 | -0.4% | 7.7% | ||
| Q2 25 | 1.9% | 10.0% | ||
| Q1 25 | -4.0% | 11.3% | ||
| Q4 24 | -2.9% | 12.8% | ||
| Q3 24 | -0.2% | 8.8% | ||
| Q2 24 | 1.3% | 13.3% | ||
| Q1 24 | -12.5% | 8.0% |
净利率COMPWMG
| Q4 25 | -2.5% | 9.6% | ||
| Q3 25 | -0.2% | 5.8% | ||
| Q2 25 | 1.9% | -0.9% | ||
| Q1 25 | -3.7% | 2.4% | ||
| Q4 24 | -2.9% | 14.2% | ||
| Q3 24 | -0.1% | 2.5% | ||
| Q2 24 | 1.2% | 8.9% | ||
| Q1 24 | -12.6% | 6.4% |
每股收益（稀释后）COMPWMG
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $-0.01 | — | ||
| Q2 25 | $0.07 | — | ||
| Q1 25 | $-0.09 | — | ||
| Q4 24 | $-0.08 | — | ||
| Q3 24 | $0.00 | — | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | $-0.27 | — |
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 | $199.0M | $751.0M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $782.0M | $720.0M |
| 总资产 | $1.5B | $10.0B |
| 负债/权益比越低杠杆越低 | — | 6.07× |
8季度趋势，按日历期对齐
现金及短期投资COMPWMG
| Q4 25 | $199.0M | $751.0M | ||
| Q3 25 | $170.3M | $532.0M | ||
| Q2 25 | $177.3M | $527.0M | ||
| Q1 25 | $127.0M | $637.0M | ||
| Q4 24 | $223.8M | $802.0M | ||
| Q3 24 | $211.2M | $694.0M | ||
| Q2 24 | $185.8M | $607.0M | ||
| Q1 24 | $165.9M | $587.0M |
总债务COMPWMG
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $4.0B |
股东权益COMPWMG
| Q4 25 | $782.0M | $720.0M | ||
| Q3 25 | $773.3M | $647.0M | ||
| Q2 25 | $719.9M | $589.0M | ||
| Q1 25 | $635.0M | $567.0M | ||
| Q4 24 | $409.4M | $545.0M | ||
| Q3 24 | $428.0M | $518.0M | ||
| Q2 24 | $398.4M | $483.0M | ||
| Q1 24 | $330.3M | $433.0M |
总资产COMPWMG
| Q4 25 | $1.5B | $10.0B | ||
| Q3 25 | $1.6B | $9.8B | ||
| Q2 25 | $1.6B | $9.8B | ||
| Q1 25 | $1.5B | $9.6B | ||
| Q4 24 | $1.2B | $9.1B | ||
| Q3 24 | $1.2B | $9.2B | ||
| Q2 24 | $1.2B | $8.8B | ||
| Q1 24 | $1.1B | $8.7B |
负债/权益比COMPWMG
| Q4 25 | — | 6.07× | ||
| Q3 25 | — | 6.75× | ||
| Q2 25 | — | 7.41× | ||
| Q1 25 | — | 7.57× | ||
| Q4 24 | — | 7.26× | ||
| Q3 24 | — | 7.75× | ||
| Q2 24 | — | 8.24× | ||
| Q1 24 | — | 9.20× |
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 | $45.3M | $440.0M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $420.0M |
| 自由现金流率自由现金流/营收 | 2.5% | 22.8% |
| 资本支出强度资本支出/营收 | 0.2% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.50× |
| 过去12个月自由现金流最近4个季度 | $203.3M | $663.0M |
8季度趋势，按日历期对齐
经营现金流COMPWMG
| Q4 25 | $45.3M | $440.0M | ||
| Q3 25 | $75.5M | $231.0M | ||
| Q2 25 | $72.8M | $46.0M | ||
| Q1 25 | $23.1M | $69.0M | ||
| Q4 24 | $30.5M | $332.0M | ||
| Q3 24 | $37.4M | $304.0M | ||
| Q2 24 | $45.0M | $188.0M | ||
| Q1 24 | $8.6M | $-31.0M |
自由现金流COMPWMG
| Q4 25 | $42.2M | $420.0M | ||
| Q3 25 | $73.6M | $203.0M | ||
| Q2 25 | $68.0M | $7.0M | ||
| Q1 25 | $19.5M | $33.0M | ||
| Q4 24 | $26.7M | $296.0M | ||
| Q3 24 | $32.8M | $271.0M | ||
| Q2 24 | $40.4M | $160.0M | ||
| Q1 24 | $5.9M | $-57.0M |
自由现金流率COMPWMG
| Q4 25 | 2.5% | 22.8% | ||
| Q3 25 | 4.0% | 10.9% | ||
| Q2 25 | 3.3% | 0.4% | ||
| Q1 25 | 1.4% | 2.2% | ||
| Q4 24 | 1.9% | 17.8% | ||
| Q3 24 | 2.2% | 16.6% | ||
| Q2 24 | 2.4% | 10.3% | ||
| Q1 24 | 0.6% | -3.8% |
资本支出强度COMPWMG
| Q4 25 | 0.2% | 1.1% | ||
| Q3 25 | 0.1% | 1.5% | ||
| Q2 25 | 0.2% | 2.3% | ||
| Q1 25 | 0.3% | 2.4% | ||
| Q4 24 | 0.3% | 2.2% | ||
| Q3 24 | 0.3% | 2.0% | ||
| Q2 24 | 0.3% | 1.8% | ||
| Q1 24 | 0.3% | 1.7% |
现金转化率COMPWMG
| Q4 25 | — | 2.50× | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | — | 1.92× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 7.41× | ||
| Q2 24 | 2.17× | 1.35× | ||
| Q1 24 | — | -0.32× |
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
COMP
暂无分部数据
WMG
| Digital | $976.0M | 53% |
| Music Publishing | $362.0M | 20% |
| Artist Services And Expanded Rights | $231.0M | 13% |
| Licensing | $121.0M | 7% |
| Performance | $64.0M | 3% |
| Synchronization | $60.0M | 3% |
| Mechanical | $18.0M | 1% |
| Other | $5.0M | 0% |
