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美国艺电（EA）与Meta Platforms（META）财务数据对比。点击上方公司名可切换其他公司
Meta Platforms的季度营收约是美国艺电的31.5倍（$59.9B vs $1.9B）。Meta Platforms净利率更高（38.0% vs 4.6%，领先33.4%）。Meta Platforms同比增速更快（23.8% vs 1.0%）。过去两年Meta Platforms的营收复合增速更高（28.2% 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。
Meta Platforms是总部位于美国加利福尼亚州门洛帕克的跨国科技巨头，属于全球头部科技企业阵营。旗下运营Facebook、Instagram、WhatsApp、Messenger、Threads等多款知名社交媒体及通讯服务，同时开展自有及第三方站点广告业务，2023年广告收入占其总营收的97.8%。
EA vs META — 直观对比
营收规模更大
META
是对方的31.5倍
$1.9B
营收增速更快
META
高出22.8%
1.0%
净利率更高
META
高出33.4%
4.6%
两年增速更快
META
近两年复合增速
3.4%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $59.9B |
| 净利润 | $88.0M | $22.8B |
| 毛利率 | 73.8% | 81.8% |
| 营业利润率 | 6.7% | 41.3% |
| 净利率 | 4.6% | 38.0% |
| 营收同比 | 1.0% | 23.8% |
| 净利润同比 | -70.0% | 9.3% |
| 每股收益（稀释后） | $0.35 | $8.87 |
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EAMETA
| Q4 25 | $1.9B | $59.9B | ||
| Q3 25 | $1.8B | $51.2B | ||
| Q2 25 | $1.7B | $47.5B | ||
| Q1 25 | $1.9B | $42.3B | ||
| Q4 24 | $1.9B | $48.4B | ||
| Q3 24 | $2.0B | $40.6B | ||
| Q2 24 | $1.7B | $39.1B | ||
| Q1 24 | $1.8B | $36.5B |
净利润EAMETA
| Q4 25 | $88.0M | $22.8B | ||
| Q3 25 | $137.0M | $2.7B | ||
| Q2 25 | $201.0M | $18.3B | ||
| Q1 25 | $254.0M | $16.6B | ||
| Q4 24 | $293.0M | $20.8B | ||
| Q3 24 | $294.0M | $15.7B | ||
| Q2 24 | $280.0M | $13.5B | ||
| Q1 24 | $182.0M | $12.4B |
毛利率EAMETA
| Q4 25 | 73.8% | 81.8% | ||
| Q3 25 | 75.9% | 82.0% | ||
| Q2 25 | 83.3% | 82.1% | ||
| Q1 25 | 80.6% | 82.1% | ||
| Q4 24 | 75.8% | 81.7% | ||
| Q3 24 | 77.5% | 81.8% | ||
| Q2 24 | 84.2% | 81.3% | ||
| Q1 24 | 79.9% | 81.8% |
营业利润率EAMETA
| Q4 25 | 6.7% | 41.3% | ||
| Q3 25 | 10.9% | 40.1% | ||
| Q2 25 | 16.2% | 43.0% | ||
| Q1 25 | 20.8% | 41.5% | ||
| Q4 24 | 20.0% | 48.3% | ||
| Q3 24 | 19.0% | 42.7% | ||
| Q2 24 | 21.9% | 38.0% | ||
| Q1 24 | 13.2% | 37.9% |
净利率EAMETA
| Q4 25 | 4.6% | 38.0% | ||
| Q3 25 | 7.4% | 5.3% | ||
| Q2 25 | 12.0% | 38.6% | ||
| Q1 25 | 13.4% | 39.3% | ||
| Q4 24 | 15.6% | 43.1% | ||
| Q3 24 | 14.5% | 38.7% | ||
| Q2 24 | 16.9% | 34.5% | ||
| Q1 24 | 10.2% | 33.9% |
每股收益（稀释后）EAMETA
| Q4 25 | $0.35 | $8.87 | ||
| Q3 25 | $0.54 | $1.05 | ||
| Q2 25 | $0.79 | $7.14 | ||
| Q1 25 | $0.99 | $6.43 | ||
| Q4 24 | $1.11 | $7.96 | ||
| Q3 24 | $1.11 | $6.03 | ||
| Q2 24 | $1.04 | $5.16 | ||
| Q1 24 | $0.67 | $4.71 |
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 | $81.6B |
| 总债务越低越好 | — | $58.7B |
| 股东权益账面价值 | $6.2B | $217.2B |
| 总资产 | $13.3B | $366.0B |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资EAMETA
| Q4 25 | $2.8B | $81.6B | ||
| Q3 25 | $1.1B | $44.4B | ||
| Q2 25 | $1.5B | $47.1B | ||
| Q1 25 | $2.1B | $70.2B | ||
| Q4 24 | $2.8B | $77.8B | ||
| Q3 24 | $2.2B | $70.9B | ||
| Q2 24 | $2.4B | $58.1B | ||
| Q1 24 | $2.9B | $58.1B |
总债务EAMETA
| Q4 25 | — | $58.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $28.8B | ||
| Q3 24 | — | $28.8B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EAMETA
| Q4 25 | $6.2B | $217.2B | ||
| Q3 25 | $6.0B | $194.1B | ||
| Q2 25 | $6.1B | $195.1B | ||
| Q1 25 | $6.4B | $185.0B | ||
| Q4 24 | $7.4B | $182.6B | ||
| Q3 24 | $7.4B | $164.5B | ||
| Q2 24 | $7.4B | $156.8B | ||
| Q1 24 | $7.5B | $149.5B |
总资产EAMETA
| Q4 25 | $13.3B | $366.0B | ||
| Q3 25 | $11.9B | $303.8B | ||
| Q2 25 | $11.7B | $294.7B | ||
| Q1 25 | $12.4B | $280.2B | ||
| Q4 24 | $13.5B | $276.1B | ||
| Q3 24 | $13.1B | $256.4B | ||
| Q2 24 | $12.7B | $230.2B | ||
| Q1 24 | $13.4B | $222.8B |
负债/权益比EAMETA
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.18× | ||
| 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 | $1.8B | $36.2B |
| 自由现金流经营现金流 - 资本支出 | — | $14.8B |
| 自由现金流率自由现金流/营收 | — | 24.8% |
| 资本支出强度资本支出/营收 | — | 35.7% |
| 现金转化率经营现金流/净利润 | 20.75× | 1.59× |
| 过去12个月自由现金流最近4个季度 | — | $46.1B |
8季度趋势，按日历期对齐
经营现金流EAMETA
| Q4 25 | $1.8B | $36.2B | ||
| Q3 25 | $130.0M | $30.0B | ||
| Q2 25 | $17.0M | $25.6B | ||
| Q1 25 | $549.0M | $24.0B | ||
| Q4 24 | $1.2B | $28.0B | ||
| Q3 24 | $234.0M | $24.7B | ||
| Q2 24 | $120.0M | $19.4B | ||
| Q1 24 | $580.0M | $19.2B |
自由现金流EAMETA
| Q4 25 | — | $14.8B | ||
| Q3 25 | — | $11.2B | ||
| Q2 25 | — | $9.0B | ||
| Q1 25 | — | $11.1B | ||
| Q4 24 | — | $13.6B | ||
| Q3 24 | — | $16.5B | ||
| Q2 24 | — | $11.2B | ||
| Q1 24 | — | $12.8B |
自由现金流率EAMETA
| Q4 25 | — | 24.8% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 26.2% | ||
| Q4 24 | — | 28.0% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | — | 28.7% | ||
| Q1 24 | — | 35.2% |
资本支出强度EAMETA
| Q4 25 | — | 35.7% | ||
| Q3 25 | — | 36.7% | ||
| Q2 25 | — | 34.8% | ||
| Q1 25 | — | 30.6% | ||
| Q4 24 | — | 29.8% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 20.9% | ||
| Q1 24 | — | 17.6% |
现金转化率EAMETA
| Q4 25 | 20.75× | 1.59× | ||
| Q3 25 | 0.95× | 11.07× | ||
| Q2 25 | 0.08× | 1.39× | ||
| Q1 25 | 2.16× | 1.44× | ||
| Q4 24 | 4.01× | 1.34× | ||
| Q3 24 | 0.80× | 1.58× | ||
| Q2 24 | 0.43× | 1.44× | ||
| Q1 24 | 3.19× | 1.56× |
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% |
META
| Advertising | $58.1B | 97% |
| Reality Labs | $955.0M | 2% |
| Service Other | $801.0M | 1% |
