vs
合众银行（CUBI）与Dave & Buster's Entertainment, Inc.（PLAY）财务数据对比。点击上方公司名可切换其他公司
Dave & Buster's Entertainment, Inc.的季度营收约是合众银行的1.9倍（$448.2M vs $236.9M），合众银行同比增速更快（21.8% vs -1.1%），合众银行自由现金流更多（$481.0M vs $-20.6M），过去两年合众银行的营收复合增速更高（14.2% vs -13.5%）
合众银行是总部位于美国明尼苏达州明尼阿波利斯、在特拉华州注册的跨国银行机构，2025年位列美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性。旗下核心运营主体为美国合众银行全国协会，提供银行、投资、按揭等多元金融服务。
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
CUBI vs PLAY — 直观对比
营收规模更大
PLAY
是对方的1.9倍
$236.9M
营收增速更快
CUBI
高出22.9%
-1.1%
自由现金流更多
CUBI
多$501.6M
$-20.6M
两年增速更快
CUBI
近两年复合增速
-13.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $236.9M | $448.2M |
| 净利润 | — | $-42.1M |
| 毛利率 | — | 85.8% |
| 营业利润率 | 41.1% | -3.6% |
| 净利率 | — | -9.4% |
| 营收同比 | 21.8% | -1.1% |
| 净利润同比 | — | -28.7% |
| 每股收益（稀释后） | $2.04 | $-1.22 |
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CUBIPLAY
| Q4 25 | $236.9M | $448.2M | ||
| Q3 25 | $232.1M | $557.4M | ||
| Q2 25 | $206.3M | $567.7M | ||
| Q1 25 | $143.0M | $534.5M | ||
| Q4 24 | $167.8M | $453.0M | ||
| Q3 24 | $167.1M | $557.1M | ||
| Q2 24 | $198.7M | $588.1M | ||
| Q1 24 | $181.6M | $599.0M |
净利润CUBIPLAY
| Q4 25 | — | $-42.1M | ||
| Q3 25 | $75.7M | $11.4M | ||
| Q2 25 | $60.9M | $21.7M | ||
| Q1 25 | $12.9M | $9.3M | ||
| Q4 24 | — | $-32.7M | ||
| Q3 24 | $46.7M | $40.3M | ||
| Q2 24 | $58.1M | $41.4M | ||
| Q1 24 | $49.7M | $36.1M |
毛利率CUBIPLAY
| Q4 25 | — | 85.8% | ||
| Q3 25 | — | 86.3% | ||
| Q2 25 | — | 85.5% | ||
| Q1 25 | — | 85.5% | ||
| Q4 24 | — | 85.0% | ||
| Q3 24 | — | 85.3% | ||
| Q2 24 | — | 85.2% | ||
| Q1 24 | — | 84.1% |
营业利润率CUBIPLAY
| Q4 25 | 41.1% | -3.6% | ||
| Q3 25 | 43.2% | 9.5% | ||
| Q2 25 | 38.2% | 11.1% | ||
| Q1 25 | 8.3% | 8.3% | ||
| Q4 24 | 21.4% | 1.4% | ||
| Q3 24 | 27.5% | 15.2% | ||
| Q2 24 | 38.8% | 14.5% | ||
| Q1 24 | 36.0% | 14.9% |
净利率CUBIPLAY
| Q4 25 | — | -9.4% | ||
| Q3 25 | 32.6% | 2.0% | ||
| Q2 25 | 29.5% | 3.8% | ||
| Q1 25 | 9.0% | 1.7% | ||
| Q4 24 | — | -7.2% | ||
| Q3 24 | 28.0% | 7.2% | ||
| Q2 24 | 29.2% | 7.0% | ||
| Q1 24 | 27.4% | 6.0% |
每股收益（稀释后）CUBIPLAY
| Q4 25 | $2.04 | $-1.22 | ||
| Q3 25 | $2.20 | $0.32 | ||
| Q2 25 | $1.73 | $0.62 | ||
| Q1 25 | $0.29 | $0.32 | ||
| Q4 24 | $0.72 | $-0.84 | ||
| Q3 24 | $1.31 | $0.99 | ||
| Q2 24 | $1.66 | $0.99 | ||
| Q1 24 | $1.40 | $0.95 |
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 | $4.4B | $13.6M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $2.1B | $130.8M |
| 总资产 | $24.9B | $4.1B |
| 负债/权益比越低杠杆越低 | — | 12.17× |
8季度趋势，按日历期对齐
现金及短期投资CUBIPLAY
| Q4 25 | $4.4B | $13.6M | ||
| Q3 25 | $4.2B | $12.0M | ||
| Q2 25 | $3.5B | $11.9M | ||
| Q1 25 | $3.4B | $6.9M | ||
| Q4 24 | $3.8B | $8.6M | ||
| Q3 24 | $3.1B | $13.1M | ||
| Q2 24 | $3.0B | $32.1M | ||
| Q1 24 | $3.7B | $37.3M |
总债务CUBIPLAY
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
股东权益CUBIPLAY
| Q4 25 | $2.1B | $130.8M | ||
| Q3 25 | $2.1B | $166.2M | ||
| Q2 25 | $1.9B | $146.8M | ||
| Q1 25 | $1.9B | $145.8M | ||
| Q4 24 | $1.8B | $226.6M | ||
| Q3 24 | $1.8B | $284.4M | ||
| Q2 24 | $1.7B | $292.5M | ||
| Q1 24 | $1.7B | $251.2M |
总资产CUBIPLAY
| Q4 25 | $24.9B | $4.1B | ||
| Q3 25 | $24.3B | $4.1B | ||
| Q2 25 | $22.6B | $4.1B | ||
| Q1 25 | $22.4B | $4.0B | ||
| Q4 24 | $22.3B | $3.9B | ||
| Q3 24 | $21.5B | $3.8B | ||
| Q2 24 | $20.9B | $3.8B | ||
| Q1 24 | $21.3B | $3.8B |
负债/权益比CUBIPLAY
| Q4 25 | — | 12.17× | ||
| Q3 25 | — | 9.57× | ||
| Q2 25 | — | 10.98× | ||
| Q1 25 | — | 10.45× | ||
| Q4 24 | — | 6.58× | ||
| Q3 24 | — | 4.72× | ||
| Q2 24 | — | 4.58× | ||
| Q1 24 | — | 5.33× |
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 | $494.8M | $58.0M |
| 自由现金流经营现金流 - 资本支出 | $481.0M | $-20.6M |
| 自由现金流率自由现金流/营收 | 203.0% | -4.6% |
| 资本支出强度资本支出/营收 | 5.8% | 17.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $843.0M | $-195.6M |
8季度趋势，按日历期对齐
经营现金流CUBIPLAY
| Q4 25 | $494.8M | $58.0M | ||
| Q3 25 | $116.9M | $34.0M | ||
| Q2 25 | $162.2M | $95.8M | ||
| Q1 25 | $94.1M | $108.9M | ||
| Q4 24 | $145.1M | $-7.2M | ||
| Q3 24 | $24.4M | $101.8M | ||
| Q2 24 | $6.1M | $108.8M | ||
| Q1 24 | $-18.8M | $97.2M |
自由现金流CUBIPLAY
| Q4 25 | $481.0M | $-20.6M | ||
| Q3 25 | $106.4M | $-55.2M | ||
| Q2 25 | $162.1M | $-58.8M | ||
| Q1 25 | $93.4M | $-61.0M | ||
| Q4 24 | $143.6M | $-138.4M | ||
| Q3 24 | $24.1M | $-14.3M | ||
| Q2 24 | $5.8M | $-4.2M | ||
| Q1 24 | $-19.2M | $-25.4M |
自由现金流率CUBIPLAY
| Q4 25 | 203.0% | -4.6% | ||
| Q3 25 | 45.9% | -9.9% | ||
| Q2 25 | 78.6% | -10.4% | ||
| Q1 25 | 65.4% | -11.4% | ||
| Q4 24 | 85.5% | -30.6% | ||
| Q3 24 | 14.4% | -2.6% | ||
| Q2 24 | 2.9% | -0.7% | ||
| Q1 24 | -10.6% | -4.2% |
资本支出强度CUBIPLAY
| Q4 25 | 5.8% | 17.5% | ||
| Q3 25 | 4.5% | 16.0% | ||
| Q2 25 | 0.0% | 27.2% | ||
| Q1 25 | 0.5% | 31.8% | ||
| Q4 24 | 0.9% | 29.0% | ||
| Q3 24 | 0.2% | 20.8% | ||
| Q2 24 | 0.2% | 19.2% | ||
| Q1 24 | 0.2% | 20.5% |
现金转化率CUBIPLAY
| Q4 25 | — | — | ||
| Q3 25 | 1.54× | 2.98× | ||
| Q2 25 | 2.66× | 4.41× | ||
| Q1 25 | 7.29× | 11.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.52× | 2.53× | ||
| Q2 24 | 0.10× | 2.63× | ||
| Q1 24 | -0.38× | 2.69× |
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
CUBI
暂无分部数据
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
