vs
美国艺电（EA）与新美亚（SANM）财务数据对比。点击上方公司名可切换其他公司
新美亚的季度营收约是美国艺电的1.7倍（$3.2B vs $1.9B），美国艺电净利率更高（4.6% vs 1.5%，领先3.1%），新美亚同比增速更快（59.0% vs 1.0%），过去两年新美亚的营收复合增速更高（31.9% 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。
新美亚公司是总部位于美国加利福尼亚州圣何塞的电子制造服务（EMS）提供商，服务通信、计算机硬件领域的原始设备制造商（OEM）。集团拥有近80个生产基地，是全球规模最大的印刷电路板和背板独立制造商之一，2022年位列《财富》世界500强第482位。
EA vs SANM — 直观对比
营收规模更大
SANM
是对方的1.7倍
$1.9B
营收增速更快
SANM
高出58.0%
1.0%
净利率更高
EA
高出3.1%
1.5%
两年增速更快
SANM
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.2B |
| 净利润 | $88.0M | $49.3M |
| 毛利率 | 73.8% | 7.6% |
| 营业利润率 | 6.7% | 2.3% |
| 净利率 | 4.6% | 1.5% |
| 营收同比 | 1.0% | 59.0% |
| 净利润同比 | -70.0% | -24.2% |
| 每股收益（稀释后） | $0.35 | $0.89 |
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EASANM
| Q4 25 | $1.9B | $3.2B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $1.9B | $2.0B | ||
| Q4 24 | $1.9B | $2.0B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $1.7B | $1.8B | ||
| Q1 24 | $1.8B | $1.8B |
净利润EASANM
| Q4 25 | $88.0M | $49.3M | ||
| Q3 25 | $137.0M | $48.1M | ||
| Q2 25 | $201.0M | $68.6M | ||
| Q1 25 | $254.0M | $64.2M | ||
| Q4 24 | $293.0M | $65.0M | ||
| Q3 24 | $294.0M | $61.4M | ||
| Q2 24 | $280.0M | $51.6M | ||
| Q1 24 | $182.0M | $52.5M |
毛利率EASANM
| Q4 25 | 73.8% | 7.6% | ||
| Q3 25 | 75.9% | 9.1% | ||
| Q2 25 | 83.3% | 8.9% | ||
| Q1 25 | 80.6% | 8.9% | ||
| Q4 24 | 75.8% | 8.4% | ||
| Q3 24 | 77.5% | 8.5% | ||
| Q2 24 | 84.2% | 8.3% | ||
| Q1 24 | 79.9% | 8.4% |
营业利润率EASANM
| Q4 25 | 6.7% | 2.3% | ||
| Q3 25 | 10.9% | 3.7% | ||
| Q2 25 | 16.2% | 4.7% | ||
| Q1 25 | 20.8% | 4.6% | ||
| Q4 24 | 20.0% | 4.4% | ||
| Q3 24 | 19.0% | 4.4% | ||
| Q2 24 | 21.9% | 4.5% | ||
| Q1 24 | 13.2% | 4.1% |
净利率EASANM
| Q4 25 | 4.6% | 1.5% | ||
| Q3 25 | 7.4% | 2.3% | ||
| Q2 25 | 12.0% | 3.4% | ||
| Q1 25 | 13.4% | 3.2% | ||
| Q4 24 | 15.6% | 3.2% | ||
| Q3 24 | 14.5% | 3.0% | ||
| Q2 24 | 16.9% | 2.8% | ||
| Q1 24 | 10.2% | 2.9% |
每股收益（稀释后）EASANM
| Q4 25 | $0.35 | $0.89 | ||
| Q3 25 | $0.54 | $0.88 | ||
| Q2 25 | $0.79 | $1.26 | ||
| Q1 25 | $0.99 | $1.16 | ||
| Q4 24 | $1.11 | $1.16 | ||
| Q3 24 | $1.11 | $1.09 | ||
| Q2 24 | $1.04 | $0.91 | ||
| Q1 24 | $0.67 | $0.93 |
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 | $1.4B |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $6.2B | $2.7B |
| 总资产 | $13.3B | $9.8B |
| 负债/权益比越低杠杆越低 | — | 0.82× |
8季度趋势，按日历期对齐
现金及短期投资EASANM
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $1.1B | $926.3M | ||
| Q2 25 | $1.5B | $797.9M | ||
| Q1 25 | $2.1B | $647.1M | ||
| Q4 24 | $2.8B | $642.4M | ||
| Q3 24 | $2.2B | $625.9M | ||
| Q2 24 | $2.4B | $657.7M | ||
| Q1 24 | $2.9B | $650.9M |
总债务EASANM
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $300.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EASANM
| Q4 25 | $6.2B | $2.7B | ||
| Q3 25 | $6.0B | $2.5B | ||
| Q2 25 | $6.1B | $2.5B | ||
| Q1 25 | $6.4B | $2.4B | ||
| Q4 24 | $7.4B | $2.4B | ||
| Q3 24 | $7.4B | $2.4B | ||
| Q2 24 | $7.4B | $2.3B | ||
| Q1 24 | $7.5B | $2.3B |
总资产EASANM
| Q4 25 | $13.3B | $9.8B | ||
| Q3 25 | $11.9B | $5.9B | ||
| Q2 25 | $11.7B | $5.2B | ||
| Q1 25 | $12.4B | $5.0B | ||
| Q4 24 | $13.5B | $4.8B | ||
| Q3 24 | $13.1B | $4.8B | ||
| Q2 24 | $12.7B | $4.7B | ||
| Q1 24 | $13.4B | $4.7B |
负债/权益比EASANM
| Q4 25 | — | 0.82× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | — | ||
| 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 | $178.7M |
| 自由现金流经营现金流 - 资本支出 | — | $91.9M |
| 自由现金流率自由现金流/营收 | — | 2.9% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 现金转化率经营现金流/净利润 | 20.75× | 3.63× |
| 过去12个月自由现金流最近4个季度 | — | $518.3M |
8季度趋势，按日历期对齐
经营现金流EASANM
| Q4 25 | $1.8B | $178.7M | ||
| Q3 25 | $130.0M | $199.1M | ||
| Q2 25 | $17.0M | $200.8M | ||
| Q1 25 | $549.0M | $156.9M | ||
| Q4 24 | $1.2B | $63.9M | ||
| Q3 24 | $234.0M | $51.9M | ||
| Q2 24 | $120.0M | $90.0M | ||
| Q1 24 | $580.0M | $72.3M |
自由现金流EASANM
| Q4 25 | — | $91.9M | ||
| Q3 25 | — | $136.6M | ||
| Q2 25 | — | $163.7M | ||
| Q1 25 | — | $126.1M | ||
| Q4 24 | — | $46.9M | ||
| Q3 24 | — | $27.2M | ||
| Q2 24 | — | $67.2M | ||
| Q1 24 | — | $42.7M |
自由现金流率EASANM
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 2.3% |
资本支出强度EASANM
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.6% |
现金转化率EASANM
| Q4 25 | 20.75× | 3.63× | ||
| Q3 25 | 0.95× | 4.14× | ||
| Q2 25 | 0.08× | 2.93× | ||
| Q1 25 | 2.16× | 2.44× | ||
| Q4 24 | 4.01× | 0.98× | ||
| Q3 24 | 0.80× | 0.85× | ||
| Q2 24 | 0.43× | 1.74× | ||
| Q1 24 | 3.19× | 1.38× |
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% |
SANM
| Industrial And Energy Medical Defense And Aerospace And Automotive And Transportation | $1.2B | 38% |
| ZT Systems | $1.1B | 34% |
| Other Segments CPS | $434.3M | 14% |
| CPS Third Party Revenue | $412.7M | 13% |
| Change In Accounting Method Accounted For As Change In Estimate | $2.7M | 0% |
