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DILLARD'S, INC.（DDS）与Sinclair, Inc.（SBGI）财务数据对比。点击上方公司名可切换其他公司
DILLARD'S, INC.的季度营收约是Sinclair, Inc.的1.8倍（$1.5B vs $836.0M），Sinclair, Inc.净利率更高（13.0% vs 8.8%，领先4.2%），DILLARD'S, INC.同比增速更快（2.9% vs -16.7%），DILLARD'S, INC.自由现金流更多（$156.2M vs $79.0M），过去两年Sinclair, Inc.的营收复合增速更高（2.4% vs -16.9%）
Dillard's, Inc.是美国知名连锁百货企业，1938年由威廉·T·迪拉德创立，总部位于阿肯色州小石城，目前在全美30个州运营约272家门店，其中得克萨斯州、佛罗里达州分别设有57家、42家门店，为其门店数量最多的两个区域。
辛克莱公司（以辛克莱广播集团开展业务）是一家上市的美国电信综合企业，由创始人朱利安·辛克莱·史密斯的后代控股。公司总部位于马里兰州巴尔的摩郊县科基斯维尔，按电视台数量计算是美国第二大电视台运营商，仅次于奈克斯达媒体集团，在全国100多个市场拥有或运营193家电视台，覆盖美国40%的区域。
DDS vs SBGI — 直观对比
营收规模更大
DDS
是对方的1.8倍
$836.0M
营收增速更快
DDS
高出19.7%
-16.7%
净利率更高
SBGI
高出4.2%
8.8%
自由现金流更多
DDS
多$77.2M
$79.0M
两年增速更快
SBGI
近两年复合增速
-16.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $836.0M |
| 净利润 | $129.8M | $109.0M |
| 毛利率 | 43.4% | — |
| 营业利润率 | 11.5% | 9.6% |
| 净利率 | 8.8% | 13.0% |
| 营收同比 | 2.9% | -16.7% |
| 净利润同比 | 4.2% | -38.1% |
| 每股收益（稀释后） | $8.31 | $1.62 |
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DDSSBGI
| Q4 25 | $1.5B | $836.0M | ||
| Q3 25 | $1.5B | $773.0M | ||
| Q2 25 | $1.5B | $784.0M | ||
| Q1 25 | $2.0B | $776.0M | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.5B | $917.0M | ||
| Q2 24 | $1.5B | $829.0M | ||
| Q1 24 | $2.1B | $798.0M |
净利润DDSSBGI
| Q4 25 | $129.8M | $109.0M | ||
| Q3 25 | $72.8M | $-1.0M | ||
| Q2 25 | $163.8M | $-64.0M | ||
| Q1 25 | $214.4M | $-156.0M | ||
| Q4 24 | $124.6M | $176.0M | ||
| Q3 24 | $74.5M | $94.0M | ||
| Q2 24 | $180.0M | $17.0M | ||
| Q1 24 | $250.5M | $23.0M |
毛利率DDSSBGI
| Q4 25 | 43.4% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 43.9% | — | ||
| Q1 25 | 34.9% | — | ||
| Q4 24 | 42.6% | — | ||
| Q3 24 | 37.6% | — | ||
| Q2 24 | 44.6% | — | ||
| Q1 24 | 36.6% | — |
营业利润率DDSSBGI
| Q4 25 | 11.5% | 9.6% | ||
| Q3 25 | 6.2% | 7.5% | ||
| Q2 25 | 14.0% | 2.7% | ||
| Q1 25 | 11.7% | 1.8% | ||
| Q4 24 | 11.4% | 26.5% | ||
| Q3 24 | 6.5% | 19.5% | ||
| Q2 24 | 15.2% | 7.7% | ||
| Q1 24 | 13.3% | 5.3% |
净利率DDSSBGI
| Q4 25 | 8.8% | 13.0% | ||
| Q3 25 | 4.8% | -0.1% | ||
| Q2 25 | 10.7% | -8.2% | ||
| Q1 25 | 10.6% | -20.1% | ||
| Q4 24 | 8.7% | 17.5% | ||
| Q3 24 | 5.0% | 10.3% | ||
| Q2 24 | 11.6% | 2.1% | ||
| Q1 24 | 11.8% | 2.9% |
每股收益（稀释后）DDSSBGI
| Q4 25 | $8.31 | $1.62 | ||
| Q3 25 | $4.66 | $-0.02 | ||
| Q2 25 | $10.39 | $-0.91 | ||
| Q1 25 | $13.41 | $-2.30 | ||
| Q4 24 | $7.73 | $2.64 | ||
| Q3 24 | $4.59 | $1.43 | ||
| Q2 24 | $11.09 | $0.27 | ||
| Q1 24 | $15.41 | $0.35 |
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 | $1.1B | $866.0M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $2.0B | $443.0M |
| 总资产 | $4.3B | $5.9B |
| 负债/权益比越低杠杆越低 | — | 9.84× |
8季度趋势，按日历期对齐
现金及短期投资DDSSBGI
| Q4 25 | $1.1B | $866.0M | ||
| Q3 25 | $1.0B | $526.0M | ||
| Q2 25 | $900.5M | $616.0M | ||
| Q1 25 | $717.9M | $631.0M | ||
| Q4 24 | $980.4M | $697.0M | ||
| Q3 24 | $946.7M | $536.0M | ||
| Q2 24 | $817.8M | $378.0M | ||
| Q1 24 | $808.3M | $655.0M |
总债务DDSSBGI
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | — | $4.1B |
股东权益DDSSBGI
| Q4 25 | $2.0B | $443.0M | ||
| Q3 25 | $1.9B | $347.0M | ||
| Q2 25 | $1.9B | $361.0M | ||
| Q1 25 | $1.8B | $436.0M | ||
| Q4 24 | $2.0B | $583.0M | ||
| Q3 24 | $1.9B | $415.0M | ||
| Q2 24 | $1.9B | $340.0M | ||
| Q1 24 | $1.7B | $333.0M |
总资产DDSSBGI
| Q4 25 | $4.3B | $5.9B | ||
| Q3 25 | $3.7B | $5.6B | ||
| Q2 25 | $3.9B | $5.7B | ||
| Q1 25 | $3.5B | $5.8B | ||
| Q4 24 | $4.1B | $5.9B | ||
| Q3 24 | $3.7B | $5.8B | ||
| Q2 24 | $3.9B | $5.7B | ||
| Q1 24 | $3.4B | $6.0B |
负债/权益比DDSSBGI
| Q4 25 | — | 9.84× | ||
| Q3 25 | — | 11.75× | ||
| Q2 25 | — | 11.30× | ||
| Q1 25 | — | 9.56× | ||
| Q4 24 | — | 7.02× | ||
| Q3 24 | — | 9.86× | ||
| Q2 24 | — | 12.08× | ||
| Q1 24 | — | 12.35× |
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 | $186.5M | $98.0M |
| 自由现金流经营现金流 - 资本支出 | $156.2M | $79.0M |
| 自由现金流率自由现金流/营收 | 10.6% | 9.4% |
| 资本支出强度资本支出/营收 | 2.1% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.44× | 0.90× |
| 过去12个月自由现金流最近4个季度 | $781.3M | $115.0M |
8季度趋势，按日历期对齐
经营现金流DDSSBGI
| Q4 25 | $186.5M | $98.0M | ||
| Q3 25 | $86.8M | $-36.0M | ||
| Q2 25 | $232.6M | $122.0M | ||
| Q1 25 | $364.7M | $5.0M | ||
| Q4 24 | $173.5M | $198.0M | ||
| Q3 24 | $-68.4M | $210.0M | ||
| Q2 24 | $244.4M | $-306.0M | ||
| Q1 24 | $436.5M | $-4.0M |
自由现金流DDSSBGI
| Q4 25 | $156.2M | $79.0M | ||
| Q3 25 | $60.1M | $-58.0M | ||
| Q2 25 | $215.8M | $105.0M | ||
| Q1 25 | $349.3M | $-11.0M | ||
| Q4 24 | $145.4M | $175.0M | ||
| Q3 24 | $-94.3M | $193.0M | ||
| Q2 24 | $209.2M | $-329.0M | ||
| Q1 24 | $408.2M | $-25.0M |
自由现金流率DDSSBGI
| Q4 25 | 10.6% | 9.4% | ||
| Q3 25 | 4.0% | -7.5% | ||
| Q2 25 | 14.1% | 13.4% | ||
| Q1 25 | 17.3% | -1.4% | ||
| Q4 24 | 10.2% | 17.4% | ||
| Q3 24 | -6.3% | 21.0% | ||
| Q2 24 | 13.5% | -39.7% | ||
| Q1 24 | 19.2% | -3.1% |
资本支出强度DDSSBGI
| Q4 25 | 2.1% | 2.3% | ||
| Q3 25 | 1.8% | 2.8% | ||
| Q2 25 | 1.1% | 2.2% | ||
| Q1 25 | 0.8% | 2.1% | ||
| Q4 24 | 2.0% | 2.3% | ||
| Q3 24 | 1.7% | 1.9% | ||
| Q2 24 | 2.3% | 2.8% | ||
| Q1 24 | 1.3% | 2.6% |
现金转化率DDSSBGI
| Q4 25 | 1.44× | 0.90× | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.42× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.39× | 1.13× | ||
| Q3 24 | -0.92× | 2.23× | ||
| Q2 24 | 1.36× | -18.00× | ||
| Q1 24 | 1.74× | -0.17× |
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
DDS
暂无分部数据
SBGI
| Distribution Revenue | $384.0M | 46% |
| Core Advertising Revenue | $312.0M | 37% |
| Tennis Segment | $62.0M | 7% |
| Other | $40.0M | 5% |
| Other Media Non Media Revenuesand Intercompany Revenues | $24.0M | 3% |
| Political Advertising Revenue | $14.0M | 2% |
