vs
美国艺电（EA）与Snap Inc（SNAP）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Snap Inc的1.1倍（$1.9B vs $1.7B），美国艺电净利率更高（4.6% vs 2.6%，领先2.0%），Snap Inc同比增速更快（10.2% vs 1.0%），过去两年Snap Inc的营收复合增速更高（19.9% 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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
EA vs SNAP — 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
SNAP
高出9.3%
1.0%
净利率更高
EA
高出2.0%
2.6%
两年增速更快
SNAP
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.7B |
| 净利润 | $88.0M | $45.2M |
| 毛利率 | 73.8% | 59.1% |
| 营业利润率 | 6.7% | 2.9% |
| 净利率 | 4.6% | 2.6% |
| 营收同比 | 1.0% | 10.2% |
| 净利润同比 | -70.0% | 396.7% |
| 每股收益（稀释后） | $0.35 | $0.03 |
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EASNAP
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $2.0B | $1.4B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.8B | $1.2B |
净利润EASNAP
| Q4 25 | $88.0M | $45.2M | ||
| Q3 25 | $137.0M | $-103.5M | ||
| Q2 25 | $201.0M | $-262.6M | ||
| Q1 25 | $254.0M | $-139.6M | ||
| Q4 24 | $293.0M | $9.1M | ||
| Q3 24 | $294.0M | $-153.2M | ||
| Q2 24 | $280.0M | $-248.6M | ||
| Q1 24 | $182.0M | $-305.1M |
毛利率EASNAP
| Q4 25 | 73.8% | 59.1% | ||
| Q3 25 | 75.9% | 55.3% | ||
| Q2 25 | 83.3% | 51.4% | ||
| Q1 25 | 80.6% | 53.1% | ||
| Q4 24 | 75.8% | 56.9% | ||
| Q3 24 | 77.5% | 53.5% | ||
| Q2 24 | 84.2% | 52.4% | ||
| Q1 24 | 79.9% | 51.9% |
营业利润率EASNAP
| Q4 25 | 6.7% | 2.9% | ||
| Q3 25 | 10.9% | -8.5% | ||
| Q2 25 | 16.2% | -19.3% | ||
| Q1 25 | 20.8% | -14.2% | ||
| Q4 24 | 20.0% | -1.7% | ||
| Q3 24 | 19.0% | -12.6% | ||
| Q2 24 | 21.9% | -20.5% | ||
| Q1 24 | 13.2% | -27.9% |
净利率EASNAP
| Q4 25 | 4.6% | 2.6% | ||
| Q3 25 | 7.4% | -6.9% | ||
| Q2 25 | 12.0% | -19.5% | ||
| Q1 25 | 13.4% | -10.2% | ||
| Q4 24 | 15.6% | 0.6% | ||
| Q3 24 | 14.5% | -11.2% | ||
| Q2 24 | 16.9% | -20.1% | ||
| Q1 24 | 10.2% | -25.5% |
每股收益（稀释后）EASNAP
| Q4 25 | $0.35 | $0.03 | ||
| Q3 25 | $0.54 | $-0.06 | ||
| Q2 25 | $0.79 | $-0.16 | ||
| Q1 25 | $0.99 | $-0.08 | ||
| Q4 24 | $1.11 | $0.01 | ||
| Q3 24 | $1.11 | $-0.09 | ||
| Q2 24 | $1.04 | $-0.15 | ||
| Q1 24 | $0.67 | $-0.19 |
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 | $2.9B |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $6.2B | $2.3B |
| 总资产 | $13.3B | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资EASNAP
| Q4 25 | $2.8B | $2.9B | ||
| Q3 25 | $1.1B | $3.0B | ||
| Q2 25 | $1.5B | $2.9B | ||
| Q1 25 | $2.1B | $3.2B | ||
| Q4 24 | $2.8B | $3.4B | ||
| Q3 24 | $2.2B | $3.2B | ||
| Q2 24 | $2.4B | $3.1B | ||
| Q1 24 | $2.9B | $2.9B |
总债务EASNAP
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.3B |
股东权益EASNAP
| Q4 25 | $6.2B | $2.3B | ||
| Q3 25 | $6.0B | $2.2B | ||
| Q2 25 | $6.1B | $2.1B | ||
| Q1 25 | $6.4B | $2.3B | ||
| Q4 24 | $7.4B | $2.5B | ||
| Q3 24 | $7.4B | $2.2B | ||
| Q2 24 | $7.4B | $2.1B | ||
| Q1 24 | $7.5B | $2.1B |
总资产EASNAP
| Q4 25 | $13.3B | $7.7B | ||
| Q3 25 | $11.9B | $7.6B | ||
| Q2 25 | $11.7B | $7.4B | ||
| Q1 25 | $12.4B | $7.6B | ||
| Q4 24 | $13.5B | $7.9B | ||
| Q3 24 | $13.1B | $7.6B | ||
| Q2 24 | $12.7B | $7.4B | ||
| Q1 24 | $13.4B | $7.2B |
负债/权益比EASNAP
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.76× | ||
| Q1 24 | — | 1.55× |
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 | $269.6M |
| 自由现金流经营现金流 - 资本支出 | — | $205.6M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | 20.75× | 5.96× |
| 过去12个月自由现金流最近4个季度 | — | $437.2M |
8季度趋势，按日历期对齐
经营现金流EASNAP
| Q4 25 | $1.8B | $269.6M | ||
| Q3 25 | $130.0M | $146.5M | ||
| Q2 25 | $17.0M | $88.5M | ||
| Q1 25 | $549.0M | $151.6M | ||
| Q4 24 | $1.2B | $230.6M | ||
| Q3 24 | $234.0M | $115.9M | ||
| Q2 24 | $120.0M | $-21.4M | ||
| Q1 24 | $580.0M | $88.4M |
自由现金流EASNAP
| Q4 25 | — | $205.6M | ||
| Q3 25 | — | $93.4M | ||
| Q2 25 | — | $23.8M | ||
| Q1 25 | — | $114.4M | ||
| Q4 24 | — | $182.4M | ||
| Q3 24 | — | $71.8M | ||
| Q2 24 | — | $-73.4M | ||
| Q1 24 | — | $37.9M |
自由现金流率EASNAP
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 8.4% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | -5.9% | ||
| Q1 24 | — | 3.2% |
资本支出强度EASNAP
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.2% | ||
| Q1 24 | — | 4.2% |
现金转化率EASNAP
| Q4 25 | 20.75× | 5.96× | ||
| Q3 25 | 0.95× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | 4.01× | 25.34× | ||
| 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% |
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
