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美国艺电（EA）与ICAHN ENTERPRISES L.P.（IEP）财务数据对比。点击上方公司名可切换其他公司
ICAHN ENTERPRISES L.P.的季度营收约是美国艺电的1.4倍（$2.7B vs $1.9B），美国艺电净利率更高（4.6% vs 0.0%，领先4.6%），ICAHN ENTERPRISES L.P.同比增速更快（5.4% vs 1.0%），过去两年ICAHN ENTERPRISES L.P.的营收复合增速更高（4.5% vs 3.4%）
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。
伊坎企业有限合伙企业是美国上市的 Master 有限合伙企业与多元化集团，总部位于佛罗里达州阳光岛海滩的弥尔顿大厦。公司投资布局覆盖能源、汽车、食品包装、金属、房地产、家居时尚等多个领域，由知名投资人卡尔·伊坎控股，其持股比例达86%。
EA vs IEP — 直观对比
营收规模更大
IEP
是对方的1.4倍
$1.9B
营收增速更快
IEP
高出4.4%
1.0%
净利率更高
EA
高出4.6%
0.0%
两年增速更快
IEP
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.7B |
| 净利润 | $88.0M | $1.0M |
| 毛利率 | 73.8% | — |
| 营业利润率 | 6.7% | 0.6% |
| 净利率 | 4.6% | 0.0% |
| 营收同比 | 1.0% | 5.4% |
| 净利润同比 | -70.0% | 101.0% |
| 每股收益（稀释后） | $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EAIEP
| Q4 25 | $1.9B | $2.7B | ||
| Q3 25 | $1.8B | $2.7B | ||
| Q2 25 | $1.7B | $2.4B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $1.9B | $2.6B | ||
| Q3 24 | $2.0B | $2.8B | ||
| Q2 24 | $1.7B | $2.2B | ||
| Q1 24 | $1.8B | $2.5B |
净利润EAIEP
| Q4 25 | $88.0M | $1.0M | ||
| Q3 25 | $137.0M | $287.0M | ||
| Q2 25 | $201.0M | $-165.0M | ||
| Q1 25 | $254.0M | $-422.0M | ||
| Q4 24 | $293.0M | $-98.0M | ||
| Q3 24 | $294.0M | $22.0M | ||
| Q2 24 | $280.0M | $-331.0M | ||
| Q1 24 | $182.0M | $-38.0M |
毛利率EAIEP
| Q4 25 | 73.8% | — | ||
| Q3 25 | 75.9% | — | ||
| Q2 25 | 83.3% | — | ||
| Q1 25 | 80.6% | — | ||
| Q4 24 | 75.8% | — | ||
| Q3 24 | 77.5% | — | ||
| Q2 24 | 84.2% | — | ||
| Q1 24 | 79.9% | — |
营业利润率EAIEP
| Q4 25 | 6.7% | 0.6% | ||
| Q3 25 | 10.9% | 19.7% | ||
| Q2 25 | 16.2% | -10.4% | ||
| Q1 25 | 20.8% | -35.0% | ||
| Q4 24 | 20.0% | -5.2% | ||
| Q3 24 | 19.0% | 2.4% | ||
| Q2 24 | 21.9% | -21.9% | ||
| Q1 24 | 13.2% | -0.8% |
净利率EAIEP
| Q4 25 | 4.6% | 0.0% | ||
| Q3 25 | 7.4% | 10.5% | ||
| Q2 25 | 12.0% | -7.0% | ||
| Q1 25 | 13.4% | -22.6% | ||
| Q4 24 | 15.6% | -3.8% | ||
| Q3 24 | 14.5% | 0.8% | ||
| Q2 24 | 16.9% | -15.0% | ||
| Q1 24 | 10.2% | -1.5% |
每股收益（稀释后）EAIEP
| Q4 25 | $0.35 | — | ||
| Q3 25 | $0.54 | — | ||
| Q2 25 | $0.79 | — | ||
| Q1 25 | $0.99 | — | ||
| Q4 24 | $1.11 | — | ||
| Q3 24 | $1.11 | — | ||
| Q2 24 | $1.04 | — | ||
| Q1 24 | $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 | $2.8B | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.2B | — |
| 总资产 | $13.3B | $14.2B |
| 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EAIEP
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $2.1B | $2.2B | ||
| Q4 24 | $2.8B | $2.6B | ||
| Q3 24 | $2.2B | $2.3B | ||
| Q2 24 | $2.4B | $2.2B | ||
| Q1 24 | $2.9B | $2.5B |
股东权益EAIEP
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.0B | — | ||
| Q2 25 | $6.1B | — | ||
| Q1 25 | $6.4B | — | ||
| Q4 24 | $7.4B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $7.4B | — | ||
| Q1 24 | $7.5B | — |
总资产EAIEP
| Q4 25 | $13.3B | $14.2B | ||
| Q3 25 | $11.9B | $14.8B | ||
| Q2 25 | $11.7B | $14.8B | ||
| Q1 25 | $12.4B | $15.5B | ||
| Q4 24 | $13.5B | $16.3B | ||
| Q3 24 | $13.1B | $17.4B | ||
| Q2 24 | $12.7B | $18.0B | ||
| Q1 24 | $13.4B | $20.1B |
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 | $-421.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-496.0M |
| 自由现金流率自由现金流/营收 | — | -18.4% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | 20.75× | -421.00× |
| 过去12个月自由现金流最近4个季度 | — | $-654.0M |
8季度趋势，按日历期对齐
经营现金流EAIEP
| Q4 25 | $1.8B | $-421.0M | ||
| Q3 25 | $130.0M | $15.0M | ||
| Q2 25 | $17.0M | $275.0M | ||
| Q1 25 | $549.0M | $-182.0M | ||
| Q4 24 | $1.2B | $244.0M | ||
| Q3 24 | $234.0M | $-54.0M | ||
| Q2 24 | $120.0M | $893.0M | ||
| Q1 24 | $580.0M | $-251.0M |
自由现金流EAIEP
| Q4 25 | — | $-496.0M | ||
| Q3 25 | — | $-67.0M | ||
| Q2 25 | — | $179.0M | ||
| Q1 25 | — | $-270.0M | ||
| Q4 24 | — | $156.0M | ||
| Q3 24 | — | $-112.0M | ||
| Q2 24 | — | $827.0M | ||
| Q1 24 | — | $-319.0M |
自由现金流率EAIEP
| Q4 25 | — | -18.4% | ||
| Q3 25 | — | -2.5% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | -14.5% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | -4.0% | ||
| Q2 24 | — | 37.6% | ||
| Q1 24 | — | -12.9% |
资本支出强度EAIEP
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 2.8% |
现金转化率EAIEP
| Q4 25 | 20.75× | -421.00× | ||
| Q3 25 | 0.95× | 0.05× | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | 4.01× | — | ||
| Q3 24 | 0.80× | -2.45× | ||
| Q2 24 | 0.43× | — | ||
| Q1 24 | 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
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% |
IEP
| Public Utilities Inventory Petroleum Products | $1.6B | 61% |
| Other | $381.0M | 14% |
| Automotive Services | $345.0M | 13% |
| Nitrogen Fertilizer Products | $131.0M | 5% |
| Food Packaging Segment | $82.0M | 3% |
| Home Fashion Segment | $45.0M | 2% |
| Renewable Products | $32.0M | 1% |
| Pharma Segment | $23.0M | 1% |
| Holding Company | $11.0M | 0% |
