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凯撒娱乐（CZR）与震坤行集团（ZKH）财务数据对比。点击上方公司名可切换其他公司
凯撒娱乐的季度营收约是震坤行集团的64.6倍（$2.9B vs $45.1M）。震坤行集团净利率更高（-1.0% vs -8.6%，领先7.5%）
凯撒娱乐前身为埃尔拉多度假村公司，是总部位于美国内华达州里诺的酒店博彩娱乐集团。2020年7月20日公司收购原凯撒娱乐集团后更为现名，目前运营超过50处物业，业务覆盖酒店、博彩、休闲娱乐等多个领域。
震坤行集团是中国领先的工业供应链服务提供商，主营MRO工业耗材、零部件销售及数字化采购解决方案，服务覆盖制造、建筑、能源等核心领域，为企业客户提供全链路库存管理、采购成本优化服务，业务主要辐射亚太市场。
CZR vs ZKH — 直观对比
营收规模更大
CZR
是对方的64.6倍
$45.1M
净利率更高
ZKH
高出7.5%
-8.6%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $45.1M |
| 净利润 | $-250.0M | $-471.3K |
| 毛利率 | — | 16.8% |
| 营业利润率 | 11.4% | -1.4% |
| 净利率 | -8.6% | -1.0% |
| 营收同比 | 4.2% | — |
| 净利润同比 | -2372.7% | — |
| 每股收益（稀释后） | $-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CZRZKH
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | $45.1M | ||
| Q2 25 | $2.9B | $41.7M | ||
| Q1 25 | $2.8B | $36.8M | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.9B | $44.8M | ||
| Q2 24 | $2.8B | $42.7M | ||
| Q1 24 | $2.7B | $35.6M |
净利润CZRZKH
| Q4 25 | $-250.0M | — | ||
| Q3 25 | $-55.0M | $-471.3K | ||
| Q2 25 | $-82.0M | $-1.0M | ||
| Q1 25 | $-115.0M | $-1.3M | ||
| Q4 24 | $11.0M | — | ||
| Q3 24 | $-9.0M | $-1.6M | ||
| Q2 24 | $-122.0M | $-1.3M | ||
| Q1 24 | $-158.0M | $-1.7M |
毛利率CZRZKH
| Q4 25 | — | — | ||
| Q3 25 | — | 16.8% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 17.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.0% | ||
| Q2 24 | — | 17.0% | ||
| Q1 24 | — | 18.0% |
营业利润率CZRZKH
| Q4 25 | 11.4% | — | ||
| Q3 25 | 17.9% | -1.4% | ||
| Q2 25 | 18.1% | -3.3% | ||
| Q1 25 | 17.5% | -4.2% | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 22.4% | -4.6% | ||
| Q2 24 | 17.9% | -3.2% | ||
| Q1 24 | 17.7% | -7.0% |
净利率CZRZKH
| Q4 25 | -8.6% | — | ||
| Q3 25 | -1.9% | -1.0% | ||
| Q2 25 | -2.8% | -2.5% | ||
| Q1 25 | -4.1% | -3.4% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -0.3% | -3.6% | ||
| Q2 24 | -4.3% | -2.9% | ||
| Q1 24 | -5.8% | -4.9% |
每股收益（稀释后）CZRZKH
| Q4 25 | $-1.22 | — | ||
| Q3 25 | $-0.27 | — | ||
| Q2 25 | $-0.39 | — | ||
| Q1 25 | $-0.54 | — | ||
| Q4 24 | $0.04 | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | $-0.56 | — | ||
| Q1 24 | $-0.73 | — |
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 | $887.0M | $35.3M |
| 总债务越低越好 | $11.9B | $893.8K |
| 股东权益账面价值 | $3.5B | — |
| 总资产 | $31.6B | $123.8M |
| 负债/权益比越低杠杆越低 | 3.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CZRZKH
| Q4 25 | $887.0M | — | ||
| Q3 25 | $836.0M | $35.3M | ||
| Q2 25 | $982.0M | $33.8M | ||
| Q1 25 | $884.0M | $32.0M | ||
| Q4 24 | $866.0M | — | ||
| Q3 24 | $802.0M | $39.0M | ||
| Q2 24 | $830.0M | $35.9M | ||
| Q1 24 | $726.0M | $36.0M |
总债务CZRZKH
| Q4 25 | $11.9B | — | ||
| Q3 25 | $11.9B | $893.8K | ||
| Q2 25 | $12.3B | $888.3K | ||
| Q1 25 | $12.3B | $854.9K | ||
| Q4 24 | $12.3B | — | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $12.4B | — | ||
| Q1 24 | $12.4B | — |
股东权益CZRZKH
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | $60.6M | ||
| Q2 24 | $4.3B | $60.7M | ||
| Q1 24 | $4.4B | $61.5M |
总资产CZRZKH
| Q4 25 | $31.6B | — | ||
| Q3 25 | $31.9B | $123.8M | ||
| Q2 25 | $32.5B | $120.6M | ||
| Q1 25 | $32.4B | $116.4M | ||
| Q4 24 | $32.6B | — | ||
| Q3 24 | $33.0B | $132.6M | ||
| Q2 24 | $33.1B | $132.9M | ||
| Q1 24 | $33.1B | $132.5M |
负债/权益比CZRZKH
| Q4 25 | 3.40× | — | ||
| Q3 25 | 3.15× | — | ||
| Q2 25 | 3.15× | — | ||
| Q1 25 | 3.04× | — | ||
| Q4 24 | 2.96× | — | ||
| Q3 24 | 3.04× | — | ||
| Q2 24 | 2.89× | — | ||
| Q1 24 | 2.82× | — |
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 | $304.0M | — |
| 自由现金流经营现金流 - 资本支出 | $147.0M | — |
| 自由现金流率自由现金流/营收 | 5.0% | — |
| 资本支出强度资本支出/营收 | 5.4% | — |
| 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 | $497.0M | — |
8季度趋势，按日历期对齐
经营现金流CZRZKH
| Q4 25 | $304.0M | — | ||
| Q3 25 | $318.0M | — | ||
| Q2 25 | $462.0M | — | ||
| Q1 25 | $218.0M | — | ||
| Q4 24 | $309.0M | — | ||
| Q3 24 | $232.0M | — | ||
| Q2 24 | $454.0M | — | ||
| Q1 24 | $80.0M | — |
自由现金流CZRZKH
| Q4 25 | $147.0M | — | ||
| Q3 25 | $123.0M | — | ||
| Q2 25 | $232.0M | — | ||
| Q1 25 | $-5.0M | — | ||
| Q4 24 | $30.0M | — | ||
| Q3 24 | $-192.0M | — | ||
| Q2 24 | $125.0M | — | ||
| Q1 24 | $-184.0M | — |
自由现金流率CZRZKH
| Q4 25 | 5.0% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | -0.2% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | -6.7% | — | ||
| Q2 24 | 4.4% | — | ||
| Q1 24 | -6.7% | — |
资本支出强度CZRZKH
| Q4 25 | 5.4% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | 8.0% | — | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 11.6% | — | ||
| Q1 24 | 9.6% | — |
现金转化率CZRZKH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 28.09× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
