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DAILY JOURNAL CORP（DJCO）与今日美国公司（TDAY）财务数据对比。点击上方公司名可切换其他公司
今日美国公司的季度营收约是DAILY JOURNAL CORP的29.9倍（$585.0M vs $19.5M）。今日美国公司净利率更高（-5.1% vs -40.8%，领先35.7%）。DAILY JOURNAL CORP同比增速更快（10.4% vs -5.8%）。今日美国公司自由现金流更多（$30.8M vs $-1.9M）。过去两年DAILY JOURNAL CORP的营收复合增速更高（8.6% vs -4.1%）
每日期刊集团是一家总部位于美国加利福尼亚州洛杉矶的出版兼科技企业，在加州多个城市、美国科罗拉多州、犹他州、亚利桑那州，以及澳大利亚墨尔本都设有分支机构。自查理·芒格执掌公司以来，旗下报纸长期以美国法律体系相关报道为核心业务方向。
今日美国公司（原甘尼特）是总部位于纽约的美国传媒控股集团，按每日总发行量计算，它是美国规模最大的报业出版商，旗下拥有众多知名纸媒与数字媒体资产。
DJCO vs TDAY — 直观对比
营收规模更大
TDAY
是对方的29.9倍
$19.5M
营收增速更快
DJCO
高出16.2%
-5.8%
净利率更高
TDAY
高出35.7%
-40.8%
自由现金流更多
TDAY
多$32.7M
$-1.9M
两年增速更快
DJCO
近两年复合增速
-4.1%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $19.5M | $585.0M |
| 净利润 | $-8.0M | $-30.1M |
| 毛利率 | — | 41.5% |
| 营业利润率 | 2.4% | 7.4% |
| 净利率 | -40.8% | -5.1% |
| 营收同比 | 10.4% | -5.8% |
| 净利润同比 | -173.2% | -146.7% |
| 每股收益（稀释后） | $-5.79 | $-0.09 |
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DJCOTDAY
| Q4 25 | $19.5M | $585.0M | ||
| Q3 25 | $28.4M | $560.8M | ||
| Q2 25 | $23.4M | $584.9M | ||
| Q1 25 | $18.2M | $571.6M | ||
| Q4 24 | $17.7M | $621.3M | ||
| Q3 24 | $19.9M | $612.4M | ||
| Q2 24 | $17.5M | $639.8M | ||
| Q1 24 | $16.6M | $635.8M |
净利润DJCOTDAY
| Q4 25 | $-8.0M | $-30.1M | ||
| Q3 25 | $42.2M | $-39.2M | ||
| Q2 25 | $14.4M | $78.4M | ||
| Q1 25 | $44.7M | $-7.3M | ||
| Q4 24 | $10.9M | $64.3M | ||
| Q3 24 | $26.7M | $-19.7M | ||
| Q2 24 | $23.4M | $13.7M | ||
| Q1 24 | $15.4M | $-84.8M |
毛利率DJCOTDAY
| Q4 25 | — | 41.5% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 38.5% | ||
| Q1 25 | — | 37.6% | ||
| Q4 24 | — | 39.5% | ||
| Q3 24 | — | 38.6% | ||
| Q2 24 | — | 38.8% | ||
| Q1 24 | — | 36.7% |
营业利润率DJCOTDAY
| Q4 25 | 2.4% | 7.4% | ||
| Q3 25 | 16.2% | -3.9% | ||
| Q2 25 | 13.8% | -1.6% | ||
| Q1 25 | 5.3% | 1.7% | ||
| Q4 24 | 4.2% | 1.0% | ||
| Q3 24 | 8.7% | -1.0% | ||
| Q2 24 | 6.2% | 1.1% | ||
| Q1 24 | 3.8% | -7.8% |
净利率DJCOTDAY
| Q4 25 | -40.8% | -5.1% | ||
| Q3 25 | 148.3% | -7.0% | ||
| Q2 25 | 61.6% | 13.4% | ||
| Q1 25 | 245.8% | -1.3% | ||
| Q4 24 | 61.5% | 10.4% | ||
| Q3 24 | 134.5% | -3.2% | ||
| Q2 24 | 133.5% | 2.1% | ||
| Q1 24 | 93.0% | -13.3% |
每股收益（稀释后）DJCOTDAY
| Q4 25 | $-5.79 | $-0.09 | ||
| Q3 25 | — | $-0.27 | ||
| Q2 25 | — | $0.42 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | $7.91 | $0.47 | ||
| Q3 24 | — | $-0.14 | ||
| Q2 24 | — | $0.09 | ||
| Q1 24 | — | $-0.60 |
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 | $497.9M | $90.2M |
| 总债务越低越好 | — | $954.2M |
| 股东权益账面价值 | $383.1M | $155.1M |
| 总资产 | $529.5M | $1.8B |
| 负债/权益比越低杠杆越低 | — | 6.15× |
8季度趋势，按日历期对齐
现金及短期投资DJCOTDAY
| Q4 25 | $497.9M | $90.2M | ||
| Q3 25 | $513.6M | $75.2M | ||
| Q2 25 | $461.7M | $88.5M | ||
| Q1 25 | $443.3M | $85.9M | ||
| Q4 24 | $387.2M | $106.3M | ||
| Q3 24 | $371.7M | $101.8M | ||
| Q2 24 | $335.0M | $98.9M | ||
| Q1 24 | $307.6M | $93.3M |
总债务DJCOTDAY
| Q4 25 | — | $954.2M | ||
| Q3 25 | — | $971.8M | ||
| Q2 25 | — | $988.9M | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $992.1M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.0B |
股东权益DJCOTDAY
| Q4 25 | $383.1M | $155.1M | ||
| Q3 25 | $391.1M | $194.0M | ||
| Q2 25 | $348.9M | $237.1M | ||
| Q1 25 | $334.4M | $150.1M | ||
| Q4 24 | $289.7M | $153.1M | ||
| Q3 24 | $278.8M | $240.5M | ||
| Q2 24 | $251.9M | $249.8M | ||
| Q1 24 | $228.5M | $233.5M |
总资产DJCOTDAY
| Q4 25 | $529.5M | $1.8B | ||
| Q3 25 | $548.1M | $1.9B | ||
| Q2 25 | $494.7M | $2.0B | ||
| Q1 25 | $468.1M | $2.0B | ||
| Q4 24 | $412.6M | $2.0B | ||
| Q3 24 | $403.8M | $2.1B | ||
| Q2 24 | $369.9M | $2.1B | ||
| Q1 24 | $335.7M | $2.1B |
负债/权益比DJCOTDAY
| Q4 25 | — | 6.15× | ||
| Q3 25 | — | 5.01× | ||
| Q2 25 | — | 4.17× | ||
| Q1 25 | — | 6.71× | ||
| Q4 24 | — | 7.05× | ||
| Q3 24 | — | 4.13× | ||
| Q2 24 | — | 4.06× | ||
| Q1 24 | — | 4.43× |
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 | $-1.9M | $43.4M |
| 自由现金流经营现金流 - 资本支出 | $-1.9M | $30.8M |
| 自由现金流率自由现金流/营收 | -10.0% | 5.3% |
| 资本支出强度资本支出/营收 | 0.0% | 2.2% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流DJCOTDAY
| Q4 25 | $-1.9M | $43.4M | ||
| Q3 25 | $4.5M | — | ||
| Q2 25 | $7.2M | — | ||
| Q1 25 | $-569.0K | $23.3M | ||
| Q4 24 | $2.2M | $9.0M | ||
| Q3 24 | $3.1M | — | ||
| Q2 24 | $1.6M | — | ||
| Q1 24 | $-3.7M | $22.5M |
自由现金流DJCOTDAY
| Q4 25 | $-1.9M | $30.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $9.8M | ||
| Q4 24 | — | $-3.8M | ||
| Q3 24 | $3.1M | — | ||
| Q2 24 | $1.6M | — | ||
| Q1 24 | $-3.7M | $9.5M |
自由现金流率DJCOTDAY
| Q4 25 | -10.0% | 5.3% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | -0.6% | ||
| Q3 24 | 15.5% | — | ||
| Q2 24 | 9.1% | — | ||
| Q1 24 | -22.1% | 1.5% |
资本支出强度DJCOTDAY
| Q4 25 | 0.0% | 2.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | 0.0% | 2.1% | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | 2.0% |
现金转化率DJCOTDAY
| Q4 25 | — | — | ||
| Q3 25 | 0.11× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | -0.01× | — | ||
| Q4 24 | 0.20× | 0.14× | ||
| Q3 24 | 0.12× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | -0.24× | — |
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
DJCO
| License And Maintenance | $8.5M | 44% |
| Service Other | $4.5M | 23% |
| Advertising Service Fees And Other | $3.3M | 17% |
| Consulting Fees | $2.2M | 11% |
| Subscription And Circulation | $1.1M | 6% |
TDAY
| Print And Commercial | $307.5M | 53% |
| Digital Advertising | $81.7M | 14% |
| Newsquest Segment | $60.1M | 10% |
| Commercial And Other | $48.3M | 8% |
| Digital Only Subscription | $43.2M | 7% |
| Commercial Printing And Delivery Revenue | $26.2M | 4% |
| Digital Other | $23.2M | 4% |
