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美国艺电（EA）与Realty Income（O）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Realty Income的1.3倍（$1.9B vs $1.5B），Realty Income净利率更高（19.9% vs 4.6%，领先15.3%），Realty Income同比增速更快（11.0% vs 1.0%），过去两年Realty Income的营收复合增速更高（8.6% 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。
Realty Income是一家房地产投资信托企业，投资范围覆盖美国、英国及欧洲其他六个国家的独立单租户商业地产，旗下物业普遍采用三重净租约模式。公司注册地为美国马里兰州，总部位于加利福尼亚州圣迭戈市。
EA vs O — 直观对比
营收规模更大
EA
是对方的1.3倍
$1.5B
营收增速更快
O
高出10.1%
1.0%
净利率更高
O
高出15.3%
4.6%
两年增速更快
O
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.5B |
| 净利润 | $88.0M | $296.1M |
| 毛利率 | 73.8% | — |
| 营业利润率 | 6.7% | 21.7% |
| 净利率 | 4.6% | 19.9% |
| 营收同比 | 1.0% | 11.0% |
| 净利润同比 | -70.0% | 48.3% |
| 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EAO
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $1.8B | $1.3B |
净利润EAO
| Q4 25 | $88.0M | $296.1M | ||
| Q3 25 | $137.0M | $315.8M | ||
| Q2 25 | $201.0M | $196.9M | ||
| Q1 25 | $254.0M | $249.8M | ||
| Q4 24 | $293.0M | $199.6M | ||
| Q3 24 | $294.0M | $269.5M | ||
| Q2 24 | $280.0M | $259.4M | ||
| Q1 24 | $182.0M | $132.3M |
毛利率EAO
| 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EAO
| Q4 25 | 6.7% | 21.7% | ||
| Q3 25 | 10.9% | 23.2% | ||
| Q2 25 | 16.2% | 15.8% | ||
| Q1 25 | 20.8% | 19.3% | ||
| Q4 24 | 20.0% | 16.5% | ||
| Q3 24 | 19.0% | 21.5% | ||
| Q2 24 | 21.9% | 20.7% | ||
| Q1 24 | 13.2% | 11.9% |
净利率EAO
| Q4 25 | 4.6% | 19.9% | ||
| Q3 25 | 7.4% | 21.5% | ||
| Q2 25 | 12.0% | 14.0% | ||
| Q1 25 | 13.4% | 18.1% | ||
| Q4 24 | 15.6% | 14.9% | ||
| Q3 24 | 14.5% | 20.2% | ||
| Q2 24 | 16.9% | 19.4% | ||
| Q1 24 | 10.2% | 10.5% |
每股收益（稀释后）EAO
| Q4 25 | $0.35 | $0.32 | ||
| Q3 25 | $0.54 | $0.35 | ||
| Q2 25 | $0.79 | $0.22 | ||
| Q1 25 | $0.99 | $0.28 | ||
| Q4 24 | $1.11 | $0.23 | ||
| Q3 24 | $1.11 | $0.30 | ||
| Q2 24 | $1.04 | $0.29 | ||
| Q1 24 | $0.67 | $0.16 |
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 | $434.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.2B | $39.4B |
| 总资产 | $13.3B | $72.8B |
| 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EAO
| Q4 25 | $2.8B | $434.8M | ||
| Q3 25 | $1.1B | $417.2M | ||
| Q2 25 | $1.5B | $800.4M | ||
| Q1 25 | $2.1B | $319.0M | ||
| Q4 24 | $2.8B | $445.0M | ||
| Q3 24 | $2.2B | $397.0M | ||
| Q2 24 | $2.4B | $442.8M | ||
| Q1 24 | $2.9B | $680.2M |
股东权益EAO
| Q4 25 | $6.2B | $39.4B | ||
| Q3 25 | $6.0B | $39.1B | ||
| Q2 25 | $6.1B | $39.2B | ||
| Q1 25 | $6.4B | $39.0B | ||
| Q4 24 | $7.4B | $38.8B | ||
| Q3 24 | $7.4B | $38.5B | ||
| Q2 24 | $7.4B | $38.6B | ||
| Q1 24 | $7.5B | $39.0B |
总资产EAO
| Q4 25 | $13.3B | $72.8B | ||
| Q3 25 | $11.9B | $71.3B | ||
| Q2 25 | $11.7B | $71.4B | ||
| Q1 25 | $12.4B | $69.8B | ||
| Q4 24 | $13.5B | $68.8B | ||
| Q3 24 | $13.1B | $68.5B | ||
| Q2 24 | $12.7B | $68.1B | ||
| Q1 24 | $13.4B | $68.3B |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $1.2B |
| 自由现金流率自由现金流/营收 | — | 77.6% |
| 资本支出强度资本支出/营收 | — | 3.3% |
| 现金转化率经营现金流/净利润 | 20.75× | 4.06× |
| 过去12个月自由现金流最近4个季度 | — | $3.9B |
8季度趋势，按日历期对齐
经营现金流EAO
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $130.0M | $943.1M | ||
| Q2 25 | $17.0M | $1.1B | ||
| Q1 25 | $549.0M | $787.5M | ||
| Q4 24 | $1.2B | $972.0M | ||
| Q3 24 | $234.0M | $841.5M | ||
| Q2 24 | $120.0M | $981.2M | ||
| Q1 24 | $580.0M | $778.7M |
自由现金流EAO
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $909.9M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $764.6M | ||
| Q4 24 | — | $935.8M | ||
| Q3 24 | — | $807.9M | ||
| Q2 24 | — | $939.2M | ||
| Q1 24 | — | $769.0M |
自由现金流率EAO
| Q4 25 | — | 77.6% | ||
| Q3 25 | — | 61.9% | ||
| Q2 25 | — | 73.3% | ||
| Q1 25 | — | 55.4% | ||
| Q4 24 | — | 69.8% | ||
| Q3 24 | — | 60.7% | ||
| Q2 24 | — | 70.1% | ||
| Q1 24 | — | 61.0% |
资本支出强度EAO
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 0.8% |
现金转化率EAO
| Q4 25 | 20.75× | 4.06× | ||
| Q3 25 | 0.95× | 2.99× | ||
| Q2 25 | 0.08× | 5.39× | ||
| Q1 25 | 2.16× | 3.15× | ||
| Q4 24 | 4.01× | 4.87× | ||
| Q3 24 | 0.80× | 3.12× | ||
| Q2 24 | 0.43× | 3.78× | ||
| Q1 24 | 3.19× | 5.89× |
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% |
O
| Product And Service Retail | $900.8M | 61% |
| Other | $531.5M | 36% |
