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HF Sinclair Corp（DINO）与Live Nation Entertainment（LYV）财务数据对比。点击上方公司名可切换其他公司
HF Sinclair Corp的季度营收约是Live Nation Entertainment的1.0倍（$6.5B vs $6.3B），HF Sinclair Corp净利率更高（-0.4% vs -3.2%，领先2.8%），Live Nation Entertainment同比增速更快（11.1% vs -0.6%），HF Sinclair Corp自由现金流更多（$-123.0M vs $-405.6M），过去两年Live Nation Entertainment的营收复合增速更高（28.9% vs -4.1%）
HF Sinclair是总部位于美国得克萨斯州达拉斯的能源企业，主要从事汽油、柴油、航空燃油、可再生柴油、特种润滑油、特种化学品、特种改性沥青等多类能源化工产品的生产与销售。
Live Nation Entertainment是美国跨国娱乐企业，2010年由Live Nation与Ticketmaster合并成立，旗下保留运营两大原有品牌。公司业务覆盖全球，主营现场娱乐活动宣发、票务销售，同时持有并运营多家娱乐场馆，还为音乐人提供艺人经纪管理服务。
DINO vs LYV — 直观对比
营收规模更大
DINO
是对方的1.0倍
$6.3B
营收增速更快
LYV
高出11.7%
-0.6%
净利率更高
DINO
高出2.8%
-3.2%
自由现金流更多
DINO
多$282.6M
$-405.6M
两年增速更快
LYV
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $6.3B |
| 净利润 | $-28.0M | $-202.1M |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | -2.3% |
| 净利率 | -0.4% | -3.2% |
| 营收同比 | -0.6% | 11.1% |
| 净利润同比 | 86.9% | -204.6% |
| 每股收益（稀释后） | $-0.15 | $-1.06 |
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DINOLYV
| Q4 25 | $6.5B | $6.3B | ||
| Q3 25 | $7.3B | $8.5B | ||
| Q2 25 | $6.8B | $7.0B | ||
| Q1 25 | $6.4B | $3.4B | ||
| Q4 24 | $6.5B | $5.7B | ||
| Q3 24 | $7.2B | $7.7B | ||
| Q2 24 | $7.8B | $6.0B | ||
| Q1 24 | $7.0B | $3.8B |
净利润DINOLYV
| Q4 25 | $-28.0M | $-202.1M | ||
| Q3 25 | $403.0M | $431.5M | ||
| Q2 25 | $208.0M | $243.4M | ||
| Q1 25 | $-4.0M | $23.2M | ||
| Q4 24 | $-213.5M | $193.2M | ||
| Q3 24 | $-75.9M | $451.8M | ||
| Q2 24 | $151.8M | $298.0M | ||
| Q1 24 | $314.7M | $-46.7M |
毛利率DINOLYV
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 15.7% | — |
营业利润率DINOLYV
| Q4 25 | 0.1% | -2.3% | ||
| Q3 25 | 7.8% | 9.3% | ||
| Q2 25 | 4.1% | 6.9% | ||
| Q1 25 | 1.3% | 3.4% | ||
| Q4 24 | -3.5% | -4.3% | ||
| Q3 24 | -1.7% | 8.4% | ||
| Q2 24 | 2.5% | 7.7% | ||
| Q1 24 | 5.8% | -1.0% |
净利率DINOLYV
| Q4 25 | -0.4% | -3.2% | ||
| Q3 25 | 5.6% | 5.1% | ||
| Q2 25 | 3.1% | 3.5% | ||
| Q1 25 | -0.1% | 0.7% | ||
| Q4 24 | -3.3% | 3.4% | ||
| Q3 24 | -1.1% | 5.9% | ||
| Q2 24 | 1.9% | 4.9% | ||
| Q1 24 | 4.5% | -1.2% |
每股收益（稀释后）DINOLYV
| Q4 25 | $-0.15 | $-1.06 | ||
| Q3 25 | $2.15 | $0.73 | ||
| Q2 25 | $1.10 | $0.41 | ||
| Q1 25 | $-0.02 | $-0.32 | ||
| Q4 24 | $-1.05 | $0.58 | ||
| Q3 24 | $-0.40 | $1.66 | ||
| Q2 24 | $0.79 | $1.03 | ||
| Q1 24 | $1.57 | $-0.53 |
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 | $978.0M | $7.1B |
| 总债务越低越好 | $2.8B | $7.6B |
| 股东权益账面价值 | $9.2B | $271.0M |
| 总资产 | $16.5B | $22.9B |
| 负债/权益比越低杠杆越低 | 0.30× | 28.09× |
8季度趋势，按日历期对齐
现金及短期投资DINOLYV
| Q4 25 | $978.0M | $7.1B | ||
| Q3 25 | $1.5B | $6.8B | ||
| Q2 25 | $874.0M | $7.1B | ||
| Q1 25 | $547.0M | $7.2B | ||
| Q4 24 | $800.0M | $6.1B | ||
| Q3 24 | $1.2B | $5.5B | ||
| Q2 24 | $866.3M | $6.4B | ||
| Q1 24 | $1.2B | $6.5B |
总债务DINOLYV
| Q4 25 | $2.8B | $7.6B | ||
| Q3 25 | $2.8B | $6.1B | ||
| Q2 25 | $2.7B | $5.0B | ||
| Q1 25 | $2.7B | $5.9B | ||
| Q4 24 | $2.6B | $6.2B | ||
| Q3 24 | — | $5.7B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $5.1B |
股东权益DINOLYV
| Q4 25 | $9.2B | $271.0M | ||
| Q3 25 | $9.4B | $521.3M | ||
| Q2 25 | $9.3B | $360.1M | ||
| Q1 25 | $9.2B | $106.0M | ||
| Q4 24 | $9.3B | $173.3M | ||
| Q3 24 | $9.6B | $288.0M | ||
| Q2 24 | $9.9B | $-43.3M | ||
| Q1 24 | $10.2B | $-114.8M |
总资产DINOLYV
| Q4 25 | $16.5B | $22.9B | ||
| Q3 25 | $17.3B | $22.9B | ||
| Q2 25 | $16.8B | $23.2B | ||
| Q1 25 | $16.5B | $21.8B | ||
| Q4 24 | $16.6B | $19.6B | ||
| Q3 24 | $16.9B | $19.7B | ||
| Q2 24 | $17.4B | $20.5B | ||
| Q1 24 | $17.9B | $20.0B |
负债/权益比DINOLYV
| Q4 25 | 0.30× | 28.09× | ||
| Q3 25 | 0.29× | 11.71× | ||
| Q2 25 | 0.29× | 13.86× | ||
| Q1 25 | 0.29× | 55.93× | ||
| Q4 24 | 0.29× | 35.65× | ||
| Q3 24 | — | 19.70× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $8.0M | $-53.7M |
| 自由现金流经营现金流 - 资本支出 | $-123.0M | $-405.6M |
| 自由现金流率自由现金流/营收 | -1.9% | -6.4% |
| 资本支出强度资本支出/营收 | 2.0% | 5.6% |
| 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 | $866.0M | $333.6M |
8季度趋势，按日历期对齐
经营现金流DINOLYV
| Q4 25 | $8.0M | $-53.7M | ||
| Q3 25 | $809.0M | $-95.7M | ||
| Q2 25 | $587.0M | $223.5M | ||
| Q1 25 | $-89.0M | $1.3B | ||
| Q4 24 | $-140.4M | $1.0B | ||
| Q3 24 | $707.6M | $-720.9M | ||
| Q2 24 | $225.9M | $412.1M | ||
| Q1 24 | $316.9M | $988.9M |
自由现金流DINOLYV
| Q4 25 | $-123.0M | $-405.6M | ||
| Q3 25 | $688.0M | $-371.3M | ||
| Q2 25 | $476.0M | $-39.9M | ||
| Q1 25 | $-175.0M | $1.2B | ||
| Q4 24 | $-313.5M | $890.2M | ||
| Q3 24 | $584.0M | $-879.0M | ||
| Q2 24 | $141.7M | $212.4M | ||
| Q1 24 | $227.8M | $854.8M |
自由现金流率DINOLYV
| Q4 25 | -1.9% | -6.4% | ||
| Q3 25 | 9.5% | -4.4% | ||
| Q2 25 | 7.0% | -0.6% | ||
| Q1 25 | -2.7% | 34.0% | ||
| Q4 24 | -4.8% | 15.7% | ||
| Q3 24 | 8.1% | -11.5% | ||
| Q2 24 | 1.8% | 3.5% | ||
| Q1 24 | 3.2% | 22.5% |
资本支出强度DINOLYV
| Q4 25 | 2.0% | 5.6% | ||
| Q3 25 | 1.7% | 3.2% | ||
| Q2 25 | 1.6% | 3.8% | ||
| Q1 25 | 1.4% | 5.0% | ||
| Q4 24 | 2.7% | 2.7% | ||
| Q3 24 | 1.7% | 2.1% | ||
| Q2 24 | 1.1% | 3.3% | ||
| Q1 24 | 1.3% | 3.5% |
现金转化率DINOLYV
| Q4 25 | — | — | ||
| Q3 25 | 2.01× | -0.22× | ||
| Q2 25 | 2.82× | 0.92× | ||
| Q1 25 | — | 56.94× | ||
| Q4 24 | — | 5.41× | ||
| Q3 24 | — | -1.60× | ||
| Q2 24 | 1.49× | 1.38× | ||
| Q1 24 | 1.01× | — |
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
DINO
| Transportation Fuels | $5.0B | 77% |
| Lubricants And Specialties Segment | $586.0M | 9% |
| Lubricants And Specialty Products | $531.0M | 8% |
| Crude Oil | $213.0M | 3% |
| Renewables Segment | $163.0M | 3% |
| Midstream Segment | $35.0M | 1% |
| Transportation And Logistic Services | $34.0M | 1% |
LYV
| Concerts | $5.1B | 82% |
| Ticketing | $846.2M | 13% |
| Sponsorship And Advertising | $329.9M | 5% |
