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美国艺电（EA）与泰瑞达（TER）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泰瑞达的1.8倍（$1.9B vs $1.1B），泰瑞达净利率更高（23.7% vs 4.6%，领先19.1%），泰瑞达同比增速更快（43.9% vs 1.0%），过去两年泰瑞达的营收复合增速更高（34.4% 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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
EA vs TER — 直观对比
营收规模更大
EA
是对方的1.8倍
$1.1B
营收增速更快
TER
高出42.9%
1.0%
净利率更高
TER
高出19.1%
4.6%
两年增速更快
TER
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.1B |
| 净利润 | $88.0M | $257.2M |
| 毛利率 | 73.8% | 57.2% |
| 营业利润率 | 6.7% | 27.1% |
| 净利率 | 4.6% | 23.7% |
| 营收同比 | 1.0% | 43.9% |
| 净利润同比 | -70.0% | 75.9% |
| 每股收益（稀释后） | $0.35 | $1.62 |
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EATER
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.8B | $769.2M | ||
| Q2 25 | $1.7B | $651.8M | ||
| Q1 25 | $1.9B | $685.7M | ||
| Q4 24 | $1.9B | $752.9M | ||
| Q3 24 | $2.0B | $737.3M | ||
| Q2 24 | $1.7B | $729.9M | ||
| Q1 24 | $1.8B | $599.8M |
净利润EATER
| Q4 25 | $88.0M | $257.2M | ||
| Q3 25 | $137.0M | $119.6M | ||
| Q2 25 | $201.0M | $78.4M | ||
| Q1 25 | $254.0M | $98.9M | ||
| Q4 24 | $293.0M | $146.3M | ||
| Q3 24 | $294.0M | $145.6M | ||
| Q2 24 | $280.0M | $186.3M | ||
| Q1 24 | $182.0M | $64.2M |
毛利率EATER
| Q4 25 | 73.8% | 57.2% | ||
| Q3 25 | 75.9% | 58.4% | ||
| Q2 25 | 83.3% | 57.2% | ||
| Q1 25 | 80.6% | 60.6% | ||
| Q4 24 | 75.8% | 59.4% | ||
| Q3 24 | 77.5% | 59.2% | ||
| Q2 24 | 84.2% | 58.3% | ||
| Q1 24 | 79.9% | 56.6% |
营业利润率EATER
| Q4 25 | 6.7% | 27.1% | ||
| Q3 25 | 10.9% | 18.9% | ||
| Q2 25 | 16.2% | 13.9% | ||
| Q1 25 | 20.8% | 17.6% | ||
| Q4 24 | 20.0% | 20.4% | ||
| Q3 24 | 19.0% | 20.6% | ||
| Q2 24 | 21.9% | 28.8% | ||
| Q1 24 | 13.2% | 13.0% |
净利率EATER
| Q4 25 | 4.6% | 23.7% | ||
| Q3 25 | 7.4% | 15.5% | ||
| Q2 25 | 12.0% | 12.0% | ||
| Q1 25 | 13.4% | 14.4% | ||
| Q4 24 | 15.6% | 19.4% | ||
| Q3 24 | 14.5% | 19.8% | ||
| Q2 24 | 16.9% | 25.5% | ||
| Q1 24 | 10.2% | 10.7% |
每股收益（稀释后）EATER
| Q4 25 | $0.35 | $1.62 | ||
| Q3 25 | $0.54 | $0.75 | ||
| Q2 25 | $0.79 | $0.49 | ||
| Q1 25 | $0.99 | $0.61 | ||
| Q4 24 | $1.11 | $0.89 | ||
| Q3 24 | $1.11 | $0.89 | ||
| Q2 24 | $1.04 | $1.14 | ||
| Q1 24 | $0.67 | $0.40 |
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 | $293.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.2B | $2.8B |
| 总资产 | $13.3B | $4.2B |
| 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EATER
| Q4 25 | $2.8B | $293.8M | ||
| Q3 25 | $1.1B | $272.7M | ||
| Q2 25 | $1.5B | $339.3M | ||
| Q1 25 | $2.1B | $475.6M | ||
| Q4 24 | $2.8B | $553.4M | ||
| Q3 24 | $2.2B | $510.0M | ||
| Q2 24 | $2.4B | $421.9M | ||
| Q1 24 | $2.9B | $707.4M |
股东权益EATER
| Q4 25 | $6.2B | $2.8B | ||
| Q3 25 | $6.0B | $2.7B | ||
| Q2 25 | $6.1B | $2.8B | ||
| Q1 25 | $6.4B | $2.8B | ||
| Q4 24 | $7.4B | $2.8B | ||
| Q3 24 | $7.4B | $2.9B | ||
| Q2 24 | $7.4B | $2.7B | ||
| Q1 24 | $7.5B | $2.6B |
总资产EATER
| Q4 25 | $13.3B | $4.2B | ||
| Q3 25 | $11.9B | $4.0B | ||
| Q2 25 | $11.7B | $3.8B | ||
| Q1 25 | $12.4B | $3.7B | ||
| Q4 24 | $13.5B | $3.7B | ||
| Q3 24 | $13.1B | $3.8B | ||
| Q2 24 | $12.7B | $3.6B | ||
| Q1 24 | $13.4B | $3.4B |
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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | — | $218.8M |
| 自由现金流率自由现金流/营收 | — | 20.2% |
| 资本支出强度资本支出/营收 | — | 5.8% |
| 现金转化率经营现金流/净利润 | 20.75× | 1.09× |
| 过去12个月自由现金流最近4个季度 | — | $450.4M |
8季度趋势，按日历期对齐
经营现金流EATER
| Q4 25 | $1.8B | $281.6M | ||
| Q3 25 | $130.0M | $49.0M | ||
| Q2 25 | $17.0M | $182.1M | ||
| Q1 25 | $549.0M | $161.6M | ||
| Q4 24 | $1.2B | $282.6M | ||
| Q3 24 | $234.0M | $166.3M | ||
| Q2 24 | $120.0M | $216.1M | ||
| Q1 24 | $580.0M | $7.3M |
自由现金流EATER
| Q4 25 | — | $218.8M | ||
| Q3 25 | — | $2.4M | ||
| Q2 25 | — | $131.7M | ||
| Q1 25 | — | $97.6M | ||
| Q4 24 | — | $225.2M | ||
| Q3 24 | — | $114.4M | ||
| Q2 24 | — | $171.2M | ||
| Q1 24 | — | $-36.7M |
自由现金流率EATER
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 23.5% | ||
| Q1 24 | — | -6.1% |
资本支出强度EATER
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 7.3% |
现金转化率EATER
| Q4 25 | 20.75× | 1.09× | ||
| Q3 25 | 0.95× | 0.41× | ||
| Q2 25 | 0.08× | 2.32× | ||
| Q1 25 | 2.16× | 1.63× | ||
| Q4 24 | 4.01× | 1.93× | ||
| Q3 24 | 0.80× | 1.14× | ||
| Q2 24 | 0.43× | 1.16× | ||
| Q1 24 | 3.19× | 0.11× |
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% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
