vs
Direct Digital Holdings, Inc.（DRCT）与National CineMedia, Inc.（NCMI）财务数据对比。点击上方公司名可切换其他公司
National CineMedia, Inc.的季度营收约是Direct Digital Holdings, Inc.的7.5倍（$63.4M vs $8.4M）。National CineMedia, Inc.净利率更高（2.5% vs -138.7%，领先141.2%）。National CineMedia, Inc.同比增速更快（1.6% vs -7.4%）。过去两年National CineMedia, Inc.的营收复合增速更高（0.8% vs -38.6%）
Devolver Digital是一家总部位于美国得克萨斯州奥斯汀的电子游戏发行商，专注于独立游戏发行业务。公司由奈杰尔·劳里等五名曾就职于知名游戏发行公司Gathering of Developers和Gamecock Media Group的高管，于2009年6月创立，以对开发者友好的合作模式著称。
国家影院传媒是一家美国影院广告企业，依托由AMC、喜满客、 regal等头部连锁影院及区域影院院线组成的影院数字化网络，面向美国消费者，在影院场地、线上渠道以及移动端开展影院广告业务，是美国影院广告领域的核心运营商。
DRCT vs NCMI — 直观对比
营收规模更大
NCMI
是对方的7.5倍
$8.4M
营收增速更快
NCMI
高出9.0%
-7.4%
净利率更高
NCMI
高出141.2%
-138.7%
两年增速更快
NCMI
近两年复合增速
-38.6%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $8.4M | $63.4M |
| 净利润 | $-11.7M | $1.6M |
| 毛利率 | 26.8% | 95.0% |
| 营业利润率 | -53.4% | -2.8% |
| 净利率 | -138.7% | 2.5% |
| 营收同比 | -7.4% | 1.6% |
| 净利润同比 | -434.7% | 144.4% |
| 每股收益（稀释后） | $-74.97 | $0.02 |
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DRCTNCMI
| Q4 25 | $8.4M | — | ||
| Q3 25 | $8.0M | $63.4M | ||
| Q2 25 | $10.1M | $51.8M | ||
| Q1 25 | $8.2M | $34.9M | ||
| Q4 24 | $9.1M | $86.3M | ||
| Q3 24 | $9.1M | $62.4M | ||
| Q2 24 | $21.9M | — | ||
| Q1 24 | $22.3M | — |
净利润DRCTNCMI
| Q4 25 | $-11.7M | — | ||
| Q3 25 | $-2.7M | $1.6M | ||
| Q2 25 | $-2.2M | $-10.7M | ||
| Q1 25 | $-2.4M | $-30.7M | ||
| Q4 24 | $-2.2M | $24.7M | ||
| Q3 24 | $-2.7M | $-3.6M | ||
| Q2 24 | $-590.0K | — | ||
| Q1 24 | $-775.0K | — |
毛利率DRCTNCMI
| Q4 25 | 26.8% | — | ||
| Q3 25 | 27.7% | 95.0% | ||
| Q2 25 | 35.1% | 93.8% | ||
| Q1 25 | 29.3% | 91.1% | ||
| Q4 24 | 32.5% | 96.4% | ||
| Q3 24 | 38.7% | 94.7% | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 22.4% | — |
营业利润率DRCTNCMI
| Q4 25 | -53.4% | — | ||
| Q3 25 | -49.0% | -2.8% | ||
| Q2 25 | -23.9% | -23.2% | ||
| Q1 25 | -48.1% | -68.5% | ||
| Q4 24 | -51.8% | 23.2% | ||
| Q3 24 | -40.3% | -12.0% | ||
| Q2 24 | -9.4% | — | ||
| Q1 24 | -12.6% | — |
净利率DRCTNCMI
| Q4 25 | -138.7% | — | ||
| Q3 25 | -33.6% | 2.5% | ||
| Q2 25 | -22.2% | -20.7% | ||
| Q1 25 | -28.9% | -88.0% | ||
| Q4 24 | -24.0% | 28.6% | ||
| Q3 24 | -29.6% | -5.8% | ||
| Q2 24 | -2.7% | — | ||
| Q1 24 | -3.5% | — |
每股收益（稀释后）DRCTNCMI
| Q4 25 | $-74.97 | — | ||
| Q3 25 | $-0.24 | $0.02 | ||
| Q2 25 | $-0.23 | $-0.11 | ||
| Q1 25 | $-0.35 | $-0.32 | ||
| Q4 24 | $-90.17 | $0.26 | ||
| Q3 24 | $-0.71 | $-0.04 | ||
| Q2 24 | $-0.16 | — | ||
| Q1 24 | $-0.22 | — |
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 | $728.0K | $29.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-7.0M | $350.5M |
| 总资产 | $20.2M | $451.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DRCTNCMI
| Q4 25 | $728.0K | — | ||
| Q3 25 | $871.0K | $29.9M | ||
| Q2 25 | $1.6M | $37.2M | ||
| Q1 25 | $1.8M | $59.8M | ||
| Q4 24 | $1.4M | $75.2M | ||
| Q3 24 | $4.1M | $49.5M | ||
| Q2 24 | $1.1M | — | ||
| Q1 24 | $3.3M | — |
总债务DRCTNCMI
| Q4 25 | — | — | ||
| Q3 25 | $10.8M | — | ||
| Q2 25 | $33.5M | — | ||
| Q1 25 | $32.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $150.0K | — | ||
| Q2 24 | $34.8M | — | ||
| Q1 24 | $32.4M | — |
股东权益DRCTNCMI
| Q4 25 | $-7.0M | — | ||
| Q3 25 | $-6.7M | $350.5M | ||
| Q2 25 | $-24.6M | $350.0M | ||
| Q1 25 | $-23.3M | $370.8M | ||
| Q4 24 | $-19.7M | $411.2M | ||
| Q3 24 | $-16.7M | $385.5M | ||
| Q2 24 | $-10.5M | — | ||
| Q1 24 | $-7.5M | — |
总资产DRCTNCMI
| Q4 25 | $20.2M | — | ||
| Q3 25 | $22.5M | $451.9M | ||
| Q2 25 | $23.3M | $462.0M | ||
| Q1 25 | $23.8M | $503.8M | ||
| Q4 24 | $26.0M | $568.6M | ||
| Q3 24 | $31.3M | $526.1M | ||
| Q2 24 | $48.5M | — | ||
| Q1 24 | $52.8M | — |
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 | $-1.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-2.0M |
| 自由现金流率自由现金流/营收 | — | -3.2% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | — | -0.63× |
| 过去12个月自由现金流最近4个季度 | — | $-5.3M |
8季度趋势，按日历期对齐
经营现金流DRCTNCMI
| Q4 25 | $-1.9M | — | ||
| Q3 25 | $-1.6M | $-1.0M | ||
| Q2 25 | $-2.7M | $-4.9M | ||
| Q1 25 | $-2.7M | $6.0M | ||
| Q4 24 | $-1.6M | $30.5M | ||
| Q3 24 | $3.0M | $-2.0M | ||
| Q2 24 | $-4.4M | — | ||
| Q1 24 | $-5.7M | — |
自由现金流DRCTNCMI
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.0M | ||
| Q2 25 | — | $-6.6M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $28.1M | ||
| Q3 24 | — | $-2.6M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率DRCTNCMI
| Q4 25 | — | — | ||
| Q3 25 | — | -3.2% | ||
| Q2 25 | — | -12.7% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 32.6% | ||
| Q3 24 | — | -4.2% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度DRCTNCMI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率DRCTNCMI
| Q4 25 | — | — | ||
| Q3 25 | — | -0.63× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.23× | ||
| 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
业务分部营收拆解
DRCT
暂无分部数据
NCMI
| National Advertising Revenue | $49.9M | 79% |
| Local Advertising Revenue | $9.6M | 15% |
| Founding Member Advertising Revenue From Beverage Concessionaire Agreements | $3.9M | 6% |
