vs
美国艺电（EA）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Raymond James Financial的季度营收约是美国艺电的1.8倍（$3.9B vs $2.1B），美国艺电净利率更高（21.7% vs 14.1%，领先7.6%），Raymond James Financial同比增速更快（13.0% vs 1.0%），过去两年美国艺电的营收复合增速更高（13.0% vs 1.3%）
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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
EA vs RJF — 直观对比
营收规模更大
RJF
是对方的1.8倍
$2.1B
营收增速更快
RJF
高出12.0%
1.0%
净利率更高
EA
高出7.6%
14.1%
两年增速更快
EA
近两年复合增速
1.3%
损益表 — Q4 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.9B |
| 净利润 | $461.0M | $544.0M |
| 毛利率 | 82.8% | — |
| 营业利润率 | 26.6% | — |
| 净利率 | 21.7% | 14.1% |
| 营收同比 | 1.0% | 13.0% |
| 净利润同比 | 81.5% | 10.0% |
| 每股收益（稀释后） | $1.81 | $2.83 |
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EARJF
| Q1 26 | $2.1B | $3.9B | ||
| Q4 25 | $1.9B | $4.2B | ||
| Q3 25 | $1.8B | $4.2B | ||
| Q2 25 | $1.7B | $3.8B | ||
| Q1 25 | $1.9B | $3.8B | ||
| Q4 24 | $1.9B | $4.0B | ||
| Q3 24 | $2.0B | $4.0B | ||
| Q2 24 | $1.7B | $3.8B |
净利润EARJF
| Q1 26 | $461.0M | $544.0M | ||
| Q4 25 | $88.0M | $563.0M | ||
| Q3 25 | $137.0M | $604.0M | ||
| Q2 25 | $201.0M | $436.0M | ||
| Q1 25 | $254.0M | $495.0M | ||
| Q4 24 | $293.0M | $600.0M | ||
| Q3 24 | $294.0M | $602.0M | ||
| Q2 24 | $280.0M | $492.0M |
毛利率EARJF
| Q1 26 | 82.8% | — | ||
| 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% | — |
营业利润率EARJF
| Q1 26 | 26.6% | — | ||
| Q4 25 | 6.7% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 16.2% | 14.7% | ||
| Q1 25 | 20.8% | 17.5% | ||
| Q4 24 | 20.0% | 18.6% | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 21.9% | 17.1% |
净利率EARJF
| Q1 26 | 21.7% | 14.1% | ||
| Q4 25 | 4.6% | 13.5% | ||
| Q3 25 | 7.4% | 14.4% | ||
| Q2 25 | 12.0% | 11.3% | ||
| Q1 25 | 13.4% | 12.9% | ||
| Q4 24 | 15.6% | 14.9% | ||
| Q3 24 | 14.5% | 15.0% | ||
| Q2 24 | 16.9% | 13.1% |
每股收益（稀释后）EARJF
| Q1 26 | $1.81 | $2.83 | ||
| Q4 25 | $0.35 | $2.79 | ||
| Q3 25 | $0.54 | $2.96 | ||
| Q2 25 | $0.79 | $2.12 | ||
| Q1 25 | $0.99 | $2.36 | ||
| Q4 24 | $1.11 | $2.86 | ||
| Q3 24 | $1.11 | $2.85 | ||
| Q2 24 | $1.04 | $2.31 |
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 | $3.0M | $5.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.8M | $52.0M |
| 总资产 | $13.1M | $91.9B |
| 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EARJF
| Q1 26 | $3.0M | $5.4B | ||
| Q4 25 | $2.8B | $9.9B | ||
| Q3 25 | $1.1B | $11.4B | ||
| Q2 25 | $1.5B | $9.2B | ||
| Q1 25 | $2.1B | $9.7B | ||
| Q4 24 | $2.8B | $10.0B | ||
| Q3 24 | $2.2B | $11.0B | ||
| Q2 24 | $2.4B | $9.1B |
股东权益EARJF
| Q1 26 | $6.8M | $52.0M | ||
| Q4 25 | $6.2B | $12.6B | ||
| Q3 25 | $6.0B | $12.5B | ||
| Q2 25 | $6.1B | $12.3B | ||
| Q1 25 | $6.4B | $12.2B | ||
| Q4 24 | $7.4B | $11.9B | ||
| Q3 24 | $7.4B | $11.7B | ||
| Q2 24 | $7.4B | $11.2B |
总资产EARJF
| Q1 26 | $13.1M | $91.9B | ||
| Q4 25 | $13.3B | $88.8B | ||
| Q3 25 | $11.9B | $88.2B | ||
| Q2 25 | $11.7B | $84.8B | ||
| Q1 25 | $12.4B | $83.1B | ||
| Q4 24 | $13.5B | $82.3B | ||
| Q3 24 | $13.1B | $83.0B | ||
| Q2 24 | $12.7B | $80.6B |
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 | $580.0M | — |
| 自由现金流经营现金流 - 资本支出 | $495.0M | — |
| 自由现金流率自由现金流/营收 | 23.3% | — |
| 资本支出强度资本支出/营收 | 2.9% | — |
| 现金转化率经营现金流/净利润 | 1.26× | — |
| 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EARJF
| Q1 26 | $580.0M | — | ||
| Q4 25 | $1.8B | $-10.0M | ||
| Q3 25 | $130.0M | $796.0M | ||
| Q2 25 | $17.0M | $691.0M | ||
| Q1 25 | $549.0M | $117.0M | ||
| Q4 24 | $1.2B | $830.0M | ||
| Q3 24 | $234.0M | $510.0M | ||
| Q2 24 | $120.0M | $711.0M |
自由现金流EARJF
| Q1 26 | $495.0M | — | ||
| Q4 25 | — | $-56.0M | ||
| Q3 25 | — | $752.0M | ||
| Q2 25 | — | $634.0M | ||
| Q1 25 | — | $71.0M | ||
| Q4 24 | — | $789.0M | ||
| Q3 24 | — | $460.0M | ||
| Q2 24 | — | $655.0M |
自由现金流率EARJF
| Q1 26 | 23.3% | — | ||
| Q4 25 | — | -1.3% | ||
| Q3 25 | — | 17.9% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 17.4% |
资本支出强度EARJF
| Q1 26 | 2.9% | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.5% |
现金转化率EARJF
| Q1 26 | 1.26× | — | ||
| Q4 25 | 20.75× | -0.02× | ||
| Q3 25 | 0.95× | 1.32× | ||
| Q2 25 | 0.08× | 1.58× | ||
| Q1 25 | 2.16× | 0.24× | ||
| Q4 24 | 4.01× | 1.38× | ||
| Q3 24 | 0.80× | 0.85× | ||
| Q2 24 | 0.43× | 1.45× |
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 | $1.5B | 71% |
| Full game | $609.0M | 29% |
RJF
| Private Client Group | $2.8B | 73% |
| Bank | $486.0M | 13% |
| Capital Markets | $464.0M | 12% |
| Other | $99.0M | 3% |
