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美国艺电（EA）与INSPERITY, INC.（NSP）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INSPERITY, INC.的1.1倍（$1.9B vs $1.7B），INSPERITY, INC.同比增速更快（3.4% vs 1.0%），过去两年美国艺电的营收复合增速更高（3.4% vs -3.8%）
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。
Insperity（前身为Administaff）是总部位于美国得克萨斯州休斯顿金伍德区的专业雇主组织（PEO），专注为中小微企业提供人力资源及行政事务外包等相关服务。自2004年起，该企业长期担任冠军巡回赛职业高尔夫赛事的冠名赞助商。
EA vs NSP — 直观对比
营收规模更大
EA
是对方的1.1倍
$1.7B
营收增速更快
NSP
高出2.5%
1.0%
两年增速更快
EA
近两年复合增速
-3.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.7B |
| 净利润 | $88.0M | — |
| 毛利率 | 73.8% | 10.3% |
| 营业利润率 | 6.7% | -2.8% |
| 净利率 | 4.6% | — |
| 营收同比 | 1.0% | 3.4% |
| 净利润同比 | -70.0% | — |
| 每股收益（稀释后） | $0.35 | $-0.87 |
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EANSP
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.8B | $1.8B |
净利润EANSP
| Q4 25 | $88.0M | — | ||
| Q3 25 | $137.0M | $-20.0M | ||
| Q2 25 | $201.0M | $-5.0M | ||
| Q1 25 | $254.0M | $51.0M | ||
| Q4 24 | $293.0M | — | ||
| Q3 24 | $294.0M | $3.0M | ||
| Q2 24 | $280.0M | $18.0M | ||
| Q1 24 | $182.0M | $79.0M |
毛利率EANSP
| Q4 25 | 73.8% | 10.3% | ||
| Q3 25 | 75.9% | 12.0% | ||
| Q2 25 | 83.3% | 13.4% | ||
| Q1 25 | 80.6% | 16.6% | ||
| Q4 24 | 75.8% | 13.5% | ||
| Q3 24 | 77.5% | 14.7% | ||
| Q2 24 | 84.2% | 16.2% | ||
| Q1 24 | 79.9% | 19.1% |
营业利润率EANSP
| Q4 25 | 6.7% | -2.8% | ||
| Q3 25 | 10.9% | -1.5% | ||
| Q2 25 | 16.2% | -0.4% | ||
| Q1 25 | 20.8% | 3.7% | ||
| Q4 24 | 20.0% | -0.9% | ||
| Q3 24 | 19.0% | 0.1% | ||
| Q2 24 | 21.9% | 1.4% | ||
| Q1 24 | 13.2% | 6.0% |
净利率EANSP
| Q4 25 | 4.6% | — | ||
| Q3 25 | 7.4% | -1.2% | ||
| Q2 25 | 12.0% | -0.3% | ||
| Q1 25 | 13.4% | 2.7% | ||
| Q4 24 | 15.6% | — | ||
| Q3 24 | 14.5% | 0.2% | ||
| Q2 24 | 16.9% | 1.1% | ||
| Q1 24 | 10.2% | 4.4% |
每股收益（稀释后）EANSP
| Q4 25 | $0.35 | $-0.87 | ||
| Q3 25 | $0.54 | $-0.53 | ||
| Q2 25 | $0.79 | $-0.14 | ||
| Q1 25 | $0.99 | $1.35 | ||
| Q4 24 | $1.11 | $-0.21 | ||
| Q3 24 | $1.11 | $0.07 | ||
| Q2 24 | $1.04 | $0.48 | ||
| Q1 24 | $0.67 | $2.08 |
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 | $682.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.2B | $46.0M |
| 总资产 | $13.3B | $2.2B |
| 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EANSP
| Q4 25 | $2.8B | $682.0M | ||
| Q3 25 | $1.1B | $521.0M | ||
| Q2 25 | $1.5B | $511.0M | ||
| Q1 25 | $2.1B | $684.0M | ||
| Q4 24 | $2.8B | $1.2B | ||
| Q3 24 | $2.2B | $596.0M | ||
| Q2 24 | $2.4B | $850.0M | ||
| Q1 24 | $2.9B | $801.0M |
股东权益EANSP
| Q4 25 | $6.2B | $46.0M | ||
| Q3 25 | $6.0B | $87.0M | ||
| Q2 25 | $6.1B | $112.0M | ||
| Q1 25 | $6.4B | $119.0M | ||
| Q4 24 | $7.4B | $97.0M | ||
| Q3 24 | $7.4B | $125.0M | ||
| Q2 24 | $7.4B | $142.0M | ||
| Q1 24 | $7.5B | $140.0M |
总资产EANSP
| Q4 25 | $13.3B | $2.2B | ||
| Q3 25 | $11.9B | $2.0B | ||
| Q2 25 | $11.7B | $2.0B | ||
| Q1 25 | $12.4B | $2.1B | ||
| Q4 24 | $13.5B | $2.6B | ||
| Q3 24 | $13.1B | $1.9B | ||
| Q2 24 | $12.7B | $2.1B | ||
| Q1 24 | $13.4B | $2.1B |
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 | $255.0M |
| 自由现金流经营现金流 - 资本支出 | — | $246.0M |
| 自由现金流率自由现金流/营收 | — | 14.7% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 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 | — | $-309.0M |
8季度趋势，按日历期对齐
经营现金流EANSP
| Q4 25 | $1.8B | $255.0M | ||
| Q3 25 | $130.0M | $-11.0M | ||
| Q2 25 | $17.0M | $-79.0M | ||
| Q1 25 | $549.0M | $-443.0M | ||
| Q4 24 | $1.2B | $619.0M | ||
| Q3 24 | $234.0M | $-150.0M | ||
| Q2 24 | $120.0M | $20.0M | ||
| Q1 24 | $580.0M | $31.0M |
自由现金流EANSP
| Q4 25 | — | $246.0M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-86.0M | ||
| Q1 25 | — | $-449.0M | ||
| Q4 24 | — | $606.0M | ||
| Q3 24 | — | $-164.0M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $26.0M |
自由现金流率EANSP
| Q4 25 | — | 14.7% | ||
| Q3 25 | — | -1.2% | ||
| Q2 25 | — | -5.2% | ||
| Q1 25 | — | -24.1% | ||
| Q4 24 | — | 37.6% | ||
| Q3 24 | — | -10.5% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.4% |
资本支出强度EANSP
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.3% |
现金转化率EANSP
| Q4 25 | 20.75× | — | ||
| Q3 25 | 0.95× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 2.16× | -8.69× | ||
| Q4 24 | 4.01× | — | ||
| Q3 24 | 0.80× | -50.00× | ||
| Q2 24 | 0.43× | 1.11× | ||
| Q1 24 | 3.19× | 0.39× |
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% |
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
