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美国艺电（EA）与荷美尔食品（HRL）财务数据对比。点击上方公司名可切换其他公司
荷美尔食品的季度营收约是美国艺电的1.7倍（$3.2B vs $1.9B），美国艺电净利率更高（4.6% vs -1.8%，领先6.4%），荷美尔食品同比增速更快（1.5% vs 1.0%），过去两年美国艺电的营收复合增速更高（3.4% vs 3.1%）
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。
荷美尔食品是1891年于美国明尼苏达州奥斯汀成立的跨国食品加工企业，由乔治·A·荷美尔创立。品牌最初主营火腿、香肠等各类畜肉产品的包装与销售，1937年推出斯帕姆午餐肉，上世纪80年代起逐步拓展多元化包装及冷藏食品产品线。
EA vs HRL — 直观对比
营收规模更大
HRL
是对方的1.7倍
$1.9B
营收增速更快
HRL
高出0.6%
1.0%
净利率更高
EA
高出6.4%
-1.8%
两年增速更快
EA
近两年复合增速
3.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.2B |
| 净利润 | $88.0M | $-56.1M |
| 毛利率 | 73.8% | 14.0% |
| 营业利润率 | 6.7% | 0.1% |
| 净利率 | 4.6% | -1.8% |
| 营收同比 | 1.0% | 1.5% |
| 净利润同比 | -70.0% | -125.5% |
| 每股收益（稀释后） | $0.35 | $-0.10 |
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EAHRL
| Q4 25 | $1.9B | $3.2B | ||
| Q3 25 | $1.8B | $3.0B | ||
| Q2 25 | $1.7B | $2.9B | ||
| Q1 25 | $1.9B | $3.0B | ||
| Q4 24 | $1.9B | $3.1B | ||
| Q3 24 | $2.0B | $2.9B | ||
| Q2 24 | $1.7B | $2.9B | ||
| Q1 24 | $1.8B | $3.0B |
净利润EAHRL
| Q4 25 | $88.0M | $-56.1M | ||
| Q3 25 | $137.0M | $183.7M | ||
| Q2 25 | $201.0M | $180.0M | ||
| Q1 25 | $254.0M | $170.6M | ||
| Q4 24 | $293.0M | $220.2M | ||
| Q3 24 | $294.0M | $176.7M | ||
| Q2 24 | $280.0M | $189.3M | ||
| Q1 24 | $182.0M | $218.9M |
毛利率EAHRL
| Q4 25 | 73.8% | 14.0% | ||
| Q3 25 | 75.9% | 16.1% | ||
| Q2 25 | 83.3% | 16.7% | ||
| Q1 25 | 80.6% | 15.9% | ||
| Q4 24 | 75.8% | 16.6% | ||
| Q3 24 | 77.5% | 16.8% | ||
| Q2 24 | 84.2% | 17.4% | ||
| Q1 24 | 79.9% | 17.0% |
营业利润率EAHRL
| Q4 25 | 6.7% | 0.1% | ||
| Q3 25 | 10.9% | 7.9% | ||
| Q2 25 | 16.2% | 8.6% | ||
| Q1 25 | 20.8% | 7.6% | ||
| Q4 24 | 20.0% | 9.4% | ||
| Q3 24 | 19.0% | 8.2% | ||
| Q2 24 | 21.9% | 8.7% | ||
| Q1 24 | 13.2% | 9.5% |
净利率EAHRL
| Q4 25 | 4.6% | -1.8% | ||
| Q3 25 | 7.4% | 6.1% | ||
| Q2 25 | 12.0% | 6.2% | ||
| Q1 25 | 13.4% | 5.7% | ||
| Q4 24 | 15.6% | 7.0% | ||
| Q3 24 | 14.5% | 6.1% | ||
| Q2 24 | 16.9% | 6.6% | ||
| Q1 24 | 10.2% | 7.3% |
每股收益（稀释后）EAHRL
| Q4 25 | $0.35 | $-0.10 | ||
| Q3 25 | $0.54 | $0.33 | ||
| Q2 25 | $0.79 | $0.33 | ||
| Q1 25 | $0.99 | $0.31 | ||
| Q4 24 | $1.11 | $0.41 | ||
| Q3 24 | $1.11 | $0.32 | ||
| Q2 24 | $1.04 | $0.34 | ||
| Q1 24 | $0.67 | $0.40 |
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 | $2.8B | $703.6M |
| 总债务越低越好 | — | $2.9B |
| 股东权益账面价值 | $6.2B | $7.9B |
| 总资产 | $13.3B | $13.4B |
| 负债/权益比越低杠杆越低 | — | 0.36× |
8季度趋势，按日历期对齐
现金及短期投资EAHRL
| Q4 25 | $2.8B | $703.6M | ||
| Q3 25 | $1.1B | $630.7M | ||
| Q2 25 | $1.5B | $699.0M | ||
| Q1 25 | $2.1B | $866.4M | ||
| Q4 24 | $2.8B | $766.6M | ||
| Q3 24 | $2.2B | $561.9M | ||
| Q2 24 | $2.4B | $1.5B | ||
| Q1 24 | $2.9B | $981.9M |
总债务EAHRL
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.4B |
股东权益EAHRL
| Q4 25 | $6.2B | $7.9B | ||
| Q3 25 | $6.0B | $8.1B | ||
| Q2 25 | $6.1B | $8.0B | ||
| Q1 25 | $6.4B | $8.0B | ||
| Q4 24 | $7.4B | $8.0B | ||
| Q3 24 | $7.4B | $7.9B | ||
| Q2 24 | $7.4B | $7.9B | ||
| Q1 24 | $7.5B | $7.8B |
总资产EAHRL
| Q4 25 | $13.3B | $13.4B | ||
| Q3 25 | $11.9B | $13.5B | ||
| Q2 25 | $11.7B | $13.4B | ||
| Q1 25 | $12.4B | $13.4B | ||
| Q4 24 | $13.5B | $13.4B | ||
| Q3 24 | $13.1B | $13.1B | ||
| Q2 24 | $12.7B | $14.1B | ||
| Q1 24 | $13.4B | $13.5B |
负债/权益比EAHRL
| Q4 25 | — | 0.36× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.36× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.36× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.30× |
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 | $1.8B | $322.9M |
| 自由现金流经营现金流 - 资本支出 | — | $231.4M |
| 自由现金流率自由现金流/营收 | — | 7.3% |
| 资本支出强度资本支出/营收 | — | 2.9% |
| 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 | — | $534.3M |
8季度趋势，按日历期对齐
经营现金流EAHRL
| Q4 25 | $1.8B | $322.9M | ||
| Q3 25 | $130.0M | $156.7M | ||
| Q2 25 | $17.0M | $56.4M | ||
| Q1 25 | $549.0M | $309.2M | ||
| Q4 24 | $1.2B | $408.6M | ||
| Q3 24 | $234.0M | $218.0M | ||
| Q2 24 | $120.0M | $236.1M | ||
| Q1 24 | $580.0M | $404.0M |
自由现金流EAHRL
| Q4 25 | — | $231.4M | ||
| Q3 25 | — | $84.5M | ||
| Q2 25 | — | $-18.6M | ||
| Q1 25 | — | $237.0M | ||
| Q4 24 | — | $324.8M | ||
| Q3 24 | — | $152.5M | ||
| Q2 24 | — | $176.2M | ||
| Q1 24 | — | $356.8M |
自由现金流率EAHRL
| Q4 25 | — | 7.3% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 11.9% |
资本支出强度EAHRL
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 1.6% |
现金转化率EAHRL
| Q4 25 | 20.75× | — | ||
| Q3 25 | 0.95× | 0.85× | ||
| Q2 25 | 0.08× | 0.31× | ||
| Q1 25 | 2.16× | 1.81× | ||
| Q4 24 | 4.01× | 1.86× | ||
| Q3 24 | 0.80× | 1.23× | ||
| Q2 24 | 0.43× | 1.25× | ||
| Q1 24 | 3.19× | 1.85× |
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
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% |
HRL
| Retail Segment | $1.9B | 60% |
| Foodservice Segment | $1.1B | 34% |
| Other | $174.7M | 5% |
