vs
美国艺电（EA）与美泰（MAT）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美泰的1.1倍（$1.9B vs $1.8B），美泰净利率更高（6.0% vs 4.6%，领先1.4%），美泰同比增速更快（7.3% vs 1.0%），过去两年美泰的营收复合增速更高（47.7% 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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
EA vs MAT — 直观对比
营收规模更大
EA
是对方的1.1倍
$1.8B
营收增速更快
MAT
高出6.3%
1.0%
净利率更高
MAT
高出1.4%
4.6%
两年增速更快
MAT
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.8B |
| 净利润 | $88.0M | $106.2M |
| 毛利率 | 73.8% | 45.9% |
| 营业利润率 | 6.7% | 8.0% |
| 净利率 | 4.6% | 6.0% |
| 营收同比 | 1.0% | 7.3% |
| 净利润同比 | -70.0% | -24.6% |
| 每股收益（稀释后） | $0.35 | $0.32 |
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EAMAT
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.9B | $826.6M | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.8B | $809.5M |
净利润EAMAT
| Q4 25 | $88.0M | $106.2M | ||
| Q3 25 | $137.0M | $278.4M | ||
| Q2 25 | $201.0M | $53.4M | ||
| Q1 25 | $254.0M | $-40.3M | ||
| Q4 24 | $293.0M | $140.9M | ||
| Q3 24 | $294.0M | $372.4M | ||
| Q2 24 | $280.0M | $56.9M | ||
| Q1 24 | $182.0M | $-28.3M |
毛利率EAMAT
| Q4 25 | 73.8% | 45.9% | ||
| Q3 25 | 75.9% | 50.0% | ||
| Q2 25 | 83.3% | 50.9% | ||
| Q1 25 | 80.6% | 49.4% | ||
| Q4 24 | 75.8% | 50.7% | ||
| Q3 24 | 77.5% | 53.1% | ||
| Q2 24 | 84.2% | 49.2% | ||
| Q1 24 | 79.9% | 48.0% |
营业利润率EAMAT
| Q4 25 | 6.7% | 8.0% | ||
| Q3 25 | 10.9% | 21.9% | ||
| Q2 25 | 16.2% | 7.7% | ||
| Q1 25 | 20.8% | -6.4% | ||
| Q4 24 | 20.0% | 9.6% | ||
| Q3 24 | 19.0% | 26.5% | ||
| Q2 24 | 21.9% | 7.7% | ||
| Q1 24 | 13.2% | -4.4% |
净利率EAMAT
| Q4 25 | 4.6% | 6.0% | ||
| Q3 25 | 7.4% | 16.0% | ||
| Q2 25 | 12.0% | 5.2% | ||
| Q1 25 | 13.4% | -4.9% | ||
| Q4 24 | 15.6% | 8.6% | ||
| Q3 24 | 14.5% | 20.2% | ||
| Q2 24 | 16.9% | 5.3% | ||
| Q1 24 | 10.2% | -3.5% |
每股收益（稀释后）EAMAT
| Q4 25 | $0.35 | $0.32 | ||
| Q3 25 | $0.54 | $0.88 | ||
| Q2 25 | $0.79 | $0.16 | ||
| Q1 25 | $0.99 | $-0.12 | ||
| Q4 24 | $1.11 | $0.40 | ||
| Q3 24 | $1.11 | $1.09 | ||
| Q2 24 | $1.04 | $0.17 | ||
| Q1 24 | $0.67 | $-0.08 |
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 | $1.2B |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $6.2B | $2.2B |
| 总资产 | $13.3B | $6.6B |
| 负债/权益比越低杠杆越低 | — | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资EAMAT
| Q4 25 | $2.8B | $1.2B | ||
| Q3 25 | $1.1B | $691.9M | ||
| Q2 25 | $1.5B | $870.5M | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $2.2B | $723.5M | ||
| Q2 24 | $2.4B | $722.4M | ||
| Q1 24 | $2.9B | $1.1B |
总债务EAMAT
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
股东权益EAMAT
| Q4 25 | $6.2B | $2.2B | ||
| Q3 25 | $6.0B | $2.3B | ||
| Q2 25 | $6.1B | $2.2B | ||
| Q1 25 | $6.4B | $2.1B | ||
| Q4 24 | $7.4B | $2.3B | ||
| Q3 24 | $7.4B | $2.3B | ||
| Q2 24 | $7.4B | $2.0B | ||
| Q1 24 | $7.5B | $2.0B |
总资产EAMAT
| Q4 25 | $13.3B | $6.6B | ||
| Q3 25 | $11.9B | $6.6B | ||
| Q2 25 | $11.7B | $6.2B | ||
| Q1 25 | $12.4B | $6.2B | ||
| Q4 24 | $13.5B | $6.5B | ||
| Q3 24 | $13.1B | $6.5B | ||
| Q2 24 | $12.7B | $5.9B | ||
| Q1 24 | $13.4B | $6.1B |
负债/权益比EAMAT
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× | ||
| Q1 24 | — | 1.15× |
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 | $796.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 20.75× | 7.50× |
| 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EAMAT
| Q4 25 | $1.8B | $796.6M | ||
| Q3 25 | $130.0M | $72.0M | ||
| Q2 25 | $17.0M | $-300.1M | ||
| Q1 25 | $549.0M | $24.8M | ||
| Q4 24 | $1.2B | $862.1M | ||
| Q3 24 | $234.0M | $155.8M | ||
| Q2 24 | $120.0M | $-252.9M | ||
| Q1 24 | $580.0M | $35.5M |
现金转化率EAMAT
| Q4 25 | 20.75× | 7.50× | ||
| Q3 25 | 0.95× | 0.26× | ||
| Q2 25 | 0.08× | -5.62× | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | 4.01× | 6.12× | ||
| Q3 24 | 0.80× | 0.42× | ||
| Q2 24 | 0.43× | -4.45× | ||
| 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% |
MAT
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
