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DNOW Inc.（DNOW）与美国艺电（EA）财务数据对比。点击上方公司名可切换其他公司
美国艺电的季度营收约是DNOW Inc.的2.0倍（$1.9B vs $959.0M），美国艺电净利率更高（4.6% vs -16.8%，领先21.4%），DNOW Inc.同比增速更快（68.0% vs 1.0%），过去两年DNOW Inc.的营收复合增速更高（30.5% vs 3.4%）
DNOW Inc.（商业名称DistributionNOW）是一家全球工业及能源产品分销商，提供供应链管理、库存优化、技术支持服务，主营油气、可再生能源、制造、建筑等领域所需的零部件、设备及耗材，业务覆盖北美、欧洲及亚太地区。
美国艺电（EA）是总部位于美国加利福尼亚州雷德伍德城的电子游戏企业，1982年5月由前苹果员工特里普·霍金斯创立。作为早期家用电脑游戏行业的先驱，公司将旗下游戏设计师与程序员称作“软件艺术家”，是全球知名的游戏厂商。
DNOW vs EA — 直观对比
营收规模更大
EA
是对方的2.0倍
$959.0M
营收增速更快
DNOW
高出67.0%
1.0%
净利率更高
EA
高出21.4%
-16.8%
两年增速更快
DNOW
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $959.0M | $1.9B |
| 净利润 | $-161.0M | $88.0M |
| 毛利率 | 5.2% | 73.8% |
| 营业利润率 | -19.6% | 6.7% |
| 净利率 | -16.8% | 4.6% |
| 营收同比 | 68.0% | 1.0% |
| 净利润同比 | -905.0% | -70.0% |
| 每股收益（稀释后） | $-1.42 | $0.35 |
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DNOWEA
| Q4 25 | $959.0M | $1.9B | ||
| Q3 25 | $634.0M | $1.8B | ||
| Q2 25 | $628.0M | $1.7B | ||
| Q1 25 | $599.0M | $1.9B | ||
| Q4 24 | $571.0M | $1.9B | ||
| Q3 24 | $606.0M | $2.0B | ||
| Q2 24 | $633.0M | $1.7B | ||
| Q1 24 | $563.0M | $1.8B |
净利润DNOWEA
| Q4 25 | $-161.0M | $88.0M | ||
| Q3 25 | $25.0M | $137.0M | ||
| Q2 25 | $25.0M | $201.0M | ||
| Q1 25 | $22.0M | $254.0M | ||
| Q4 24 | $20.0M | $293.0M | ||
| Q3 24 | $13.0M | $294.0M | ||
| Q2 24 | $24.0M | $280.0M | ||
| Q1 24 | $21.0M | $182.0M |
毛利率DNOWEA
| Q4 25 | 5.2% | 73.8% | ||
| Q3 25 | 22.9% | 75.9% | ||
| Q2 25 | 22.9% | 83.3% | ||
| Q1 25 | 23.2% | 80.6% | ||
| Q4 24 | 22.6% | 75.8% | ||
| Q3 24 | 22.3% | 77.5% | ||
| Q2 24 | 21.8% | 84.2% | ||
| Q1 24 | 22.9% | 79.9% |
营业利润率DNOWEA
| Q4 25 | -19.6% | 6.7% | ||
| Q3 25 | 5.2% | 10.9% | ||
| Q2 25 | 5.1% | 16.2% | ||
| Q1 25 | 5.0% | 20.8% | ||
| Q4 24 | 4.4% | 20.0% | ||
| Q3 24 | 3.8% | 19.0% | ||
| Q2 24 | 5.2% | 21.9% | ||
| Q1 24 | 5.0% | 13.2% |
净利率DNOWEA
| Q4 25 | -16.8% | 4.6% | ||
| Q3 25 | 3.9% | 7.4% | ||
| Q2 25 | 4.0% | 12.0% | ||
| Q1 25 | 3.7% | 13.4% | ||
| Q4 24 | 3.5% | 15.6% | ||
| Q3 24 | 2.1% | 14.5% | ||
| Q2 24 | 3.8% | 16.9% | ||
| Q1 24 | 3.7% | 10.2% |
每股收益（稀释后）DNOWEA
| Q4 25 | $-1.42 | $0.35 | ||
| Q3 25 | $0.23 | $0.54 | ||
| Q2 25 | $0.23 | $0.79 | ||
| Q1 25 | $0.20 | $0.99 | ||
| Q4 24 | $0.19 | $1.11 | ||
| Q3 24 | $0.12 | $1.11 | ||
| Q2 24 | $0.21 | $1.04 | ||
| Q1 24 | $0.19 | $0.67 |
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 | $164.0M | $2.8B |
| 总债务越低越好 | $411.0M | — |
| 股东权益账面价值 | $2.2B | $6.2B |
| 总资产 | $3.9B | $13.3B |
| 负债/权益比越低杠杆越低 | 0.18× | — |
8季度趋势，按日历期对齐
现金及短期投资DNOWEA
| Q4 25 | $164.0M | $2.8B | ||
| Q3 25 | $266.0M | $1.1B | ||
| Q2 25 | $232.0M | $1.5B | ||
| Q1 25 | $219.0M | $2.1B | ||
| Q4 24 | $256.0M | $2.8B | ||
| Q3 24 | $261.0M | $2.2B | ||
| Q2 24 | $197.0M | $2.4B | ||
| Q1 24 | $188.0M | $2.9B |
总债务DNOWEA
| Q4 25 | $411.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DNOWEA
| Q4 25 | $2.2B | $6.2B | ||
| Q3 25 | $1.2B | $6.0B | ||
| Q2 25 | $1.2B | $6.1B | ||
| Q1 25 | $1.1B | $6.4B | ||
| Q4 24 | $1.1B | $7.4B | ||
| Q3 24 | $1.1B | $7.4B | ||
| Q2 24 | $1.1B | $7.4B | ||
| Q1 24 | $1.1B | $7.5B |
总资产DNOWEA
| Q4 25 | $3.9B | $13.3B | ||
| Q3 25 | $1.7B | $11.9B | ||
| Q2 25 | $1.7B | $11.7B | ||
| Q1 25 | $1.7B | $12.4B | ||
| Q4 24 | $1.6B | $13.5B | ||
| Q3 24 | $1.6B | $13.1B | ||
| Q2 24 | $1.6B | $12.7B | ||
| Q1 24 | $1.6B | $13.4B |
负债/权益比DNOWEA
| Q4 25 | 0.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| 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 | $83.0M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $76.0M | — |
| 自由现金流率自由现金流/营收 | 7.9% | — |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 现金转化率经营现金流/净利润 | — | 20.75× |
| 过去12个月自由现金流最近4个季度 | $134.0M | — |
8季度趋势，按日历期对齐
经营现金流DNOWEA
| Q4 25 | $83.0M | $1.8B | ||
| Q3 25 | $43.0M | $130.0M | ||
| Q2 25 | $45.0M | $17.0M | ||
| Q1 25 | $-16.0M | $549.0M | ||
| Q4 24 | $122.0M | $1.2B | ||
| Q3 24 | $74.0M | $234.0M | ||
| Q2 24 | $21.0M | $120.0M | ||
| Q1 24 | $81.0M | $580.0M |
自由现金流DNOWEA
| Q4 25 | $76.0M | — | ||
| Q3 25 | $39.0M | — | ||
| Q2 25 | $41.0M | — | ||
| Q1 25 | $-22.0M | — | ||
| Q4 24 | $119.0M | — | ||
| Q3 24 | $72.0M | — | ||
| Q2 24 | $18.0M | — | ||
| Q1 24 | $80.0M | — |
自由现金流率DNOWEA
| Q4 25 | 7.9% | — | ||
| Q3 25 | 6.2% | — | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | -3.7% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 14.2% | — |
资本支出强度DNOWEA
| Q4 25 | 0.7% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.2% | — |
现金转化率DNOWEA
| Q4 25 | — | 20.75× | ||
| Q3 25 | 1.72× | 0.95× | ||
| Q2 25 | 1.80× | 0.08× | ||
| Q1 25 | -0.73× | 2.16× | ||
| Q4 24 | 6.10× | 4.01× | ||
| Q3 24 | 5.69× | 0.80× | ||
| Q2 24 | 0.88× | 0.43× | ||
| Q1 24 | 3.86× | 3.19× |
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
DNOW
| Pipelines | $455.0M | 47% |
| Downstream And Industrial | $196.0M | 20% |
| Gas Utilities | $183.0M | 19% |
| Oil And Gas Properties | $105.0M | 11% |
| Other | $20.0M | 2% |
EA
| Live Services And Other Net Revenue | $1.3B | 67% |
| PC And Other Net Revenue | $465.0M | 24% |
| Packaged Goods Net Revenue | $86.0M | 5% |
| Other | $56.0M | 3% |
| Estimated Service Offering Period | $25.0M | 1% |
