vs
美国艺电（EA）与麦格劳希尔（MH）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麦格劳希尔的4.4倍（$1.9B vs $434.2M）。美国艺电净利率更高（4.6% vs -4.7%，领先9.3%）。美国艺电同比增速更快（1.0% vs -35.1%）
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。
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
EA vs MH — 直观对比
营收规模更大
EA
是对方的4.4倍
$434.2M
营收增速更快
EA
高出36.1%
-35.1%
净利率更高
EA
高出9.3%
-4.7%
损益表 — Q3 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $434.2M |
| 净利润 | $88.0M | $-20.2M |
| 毛利率 | 73.8% | 85.3% |
| 营业利润率 | 6.7% | 7.0% |
| 净利率 | 4.6% | -4.7% |
| 营收同比 | 1.0% | -35.1% |
| 净利润同比 | -70.0% | -119.2% |
| 每股收益（稀释后） | $0.35 | $-0.11 |
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EAMH
| Q4 25 | $1.9B | $434.2M | ||
| Q3 25 | $1.8B | $669.2M | ||
| Q2 25 | $1.7B | $535.7M | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.8B | — |
净利润EAMH
| Q4 25 | $88.0M | $-20.2M | ||
| Q3 25 | $137.0M | $105.3M | ||
| Q2 25 | $201.0M | $502.0K | ||
| Q1 25 | $254.0M | — | ||
| Q4 24 | $293.0M | — | ||
| Q3 24 | $294.0M | — | ||
| Q2 24 | $280.0M | — | ||
| Q1 24 | $182.0M | — |
毛利率EAMH
| Q4 25 | 73.8% | 85.3% | ||
| Q3 25 | 75.9% | 79.2% | ||
| Q2 25 | 83.3% | 77.0% | ||
| 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EAMH
| Q4 25 | 6.7% | 7.0% | ||
| Q3 25 | 10.9% | 23.4% | ||
| Q2 25 | 16.2% | 18.0% | ||
| Q1 25 | 20.8% | — | ||
| Q4 24 | 20.0% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 21.9% | — | ||
| Q1 24 | 13.2% | — |
净利率EAMH
| Q4 25 | 4.6% | -4.7% | ||
| Q3 25 | 7.4% | 15.7% | ||
| Q2 25 | 12.0% | 0.1% | ||
| Q1 25 | 13.4% | — | ||
| Q4 24 | 15.6% | — | ||
| Q3 24 | 14.5% | — | ||
| Q2 24 | 16.9% | — | ||
| Q1 24 | 10.2% | — |
每股收益（稀释后）EAMH
| Q4 25 | $0.35 | $-0.11 | ||
| Q3 25 | $0.54 | $0.57 | ||
| Q2 25 | $0.79 | $0.00 | ||
| 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 | $514.4M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $6.2B | $775.3M |
| 总资产 | $13.3B | $5.6B |
| 负债/权益比越低杠杆越低 | — | 3.36× |
8季度趋势，按日历期对齐
现金及短期投资EAMH
| Q4 25 | $2.8B | $514.4M | ||
| Q3 25 | $1.1B | $463.2M | ||
| Q2 25 | $1.5B | $247.3M | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.9B | — |
总债务EAMH
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EAMH
| Q4 25 | $6.2B | $775.3M | ||
| Q3 25 | $6.0B | $794.6M | ||
| Q2 25 | $6.1B | $283.3M | ||
| Q1 25 | $6.4B | — | ||
| Q4 24 | $7.4B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $7.4B | — | ||
| Q1 24 | $7.5B | — |
总资产EAMH
| Q4 25 | $13.3B | $5.6B | ||
| Q3 25 | $11.9B | $6.0B | ||
| Q2 25 | $11.7B | $5.7B | ||
| Q1 25 | $12.4B | — | ||
| Q4 24 | $13.5B | — | ||
| Q3 24 | $13.1B | — | ||
| Q2 24 | $12.7B | — | ||
| Q1 24 | $13.4B | — |
负债/权益比EAMH
| Q4 25 | — | 3.36× | ||
| Q3 25 | — | 3.52× | ||
| Q2 25 | — | 11.17× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | $309.0M |
| 自由现金流经营现金流 - 资本支出 | — | $285.4M |
| 自由现金流率自由现金流/营收 | — | 65.7% |
| 资本支出强度资本支出/营收 | — | 5.4% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流EAMH
| Q4 25 | $1.8B | $309.0M | ||
| Q3 25 | $130.0M | $265.0M | ||
| Q2 25 | $17.0M | $-96.7M | ||
| Q1 25 | $549.0M | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $234.0M | — | ||
| Q2 24 | $120.0M | — | ||
| Q1 24 | $580.0M | — |
自由现金流EAMH
| Q4 25 | — | $285.4M | ||
| Q3 25 | — | $243.8M | ||
| Q2 25 | — | $-112.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率EAMH
| Q4 25 | — | 65.7% | ||
| Q3 25 | — | 36.4% | ||
| Q2 25 | — | -21.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度EAMH
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率EAMH
| Q4 25 | 20.75× | — | ||
| Q3 25 | 0.95× | 2.52× | ||
| Q2 25 | 0.08× | -192.53× | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | 4.01× | — | ||
| Q3 24 | 0.80× | — | ||
| 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% |
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
