vs
美国艺电（EA）与TKO Group Holdings（TKO）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TKO Group Holdings的1.8倍（$1.9B vs $1.0B），美国艺电净利率更高（4.6% vs -0.2%，领先4.9%），TKO Group Holdings同比增速更快（61.6% vs 1.0%），过去两年TKO Group Holdings的营收复合增速更高（28.4% 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。
TKO Group Holdings是美国体育及体育娱乐上市企业，成立于2023年9月12日，由奋进集团（Endeavor）子公司、终极格斗冠军赛（UFC）母公司Zuffa与职业摔跤品牌世界摔角娱乐（WWE）合并组建，主营综合格斗、职业摔跤赛事运营及相关娱乐内容业务。
EA vs TKO — 直观对比
营收规模更大
EA
是对方的1.8倍
$1.0B
营收增速更快
TKO
高出60.7%
1.0%
净利率更高
EA
高出4.9%
-0.2%
两年增速更快
TKO
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.0B |
| 净利润 | $88.0M | $-2.4M |
| 毛利率 | 73.8% | — |
| 营业利润率 | 6.7% | 5.5% |
| 净利率 | 4.6% | -0.2% |
| 营收同比 | 1.0% | 61.6% |
| 净利润同比 | -70.0% | -107.7% |
| 每股收益（稀释后） | $0.35 | $-0.07 |
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EATKO
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.9B | $642.2M | ||
| Q3 24 | $2.0B | $681.3M | ||
| Q2 24 | $1.7B | $851.2M | ||
| Q1 24 | $1.8B | $629.7M |
净利润EATKO
| Q4 25 | $88.0M | $-2.4M | ||
| Q3 25 | $137.0M | $41.0M | ||
| Q2 25 | $201.0M | $98.4M | ||
| Q1 25 | $254.0M | $58.4M | ||
| Q4 24 | $293.0M | $31.0M | ||
| Q3 24 | $294.0M | $23.1M | ||
| Q2 24 | $280.0M | $59.1M | ||
| Q1 24 | $182.0M | $-103.8M |
毛利率EATKO
| 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EATKO
| Q4 25 | 6.7% | 5.5% | ||
| Q3 25 | 10.9% | 15.4% | ||
| Q2 25 | 16.2% | 28.1% | ||
| Q1 25 | 20.8% | 18.7% | ||
| Q4 24 | 20.0% | 15.9% | ||
| Q3 24 | 19.0% | 20.0% | ||
| Q2 24 | 21.9% | 30.0% | ||
| Q1 24 | 13.2% | -33.4% |
净利率EATKO
| Q4 25 | 4.6% | -0.2% | ||
| Q3 25 | 7.4% | 3.7% | ||
| Q2 25 | 12.0% | 7.5% | ||
| Q1 25 | 13.4% | 4.6% | ||
| Q4 24 | 15.6% | 4.8% | ||
| Q3 24 | 14.5% | 3.4% | ||
| Q2 24 | 16.9% | 6.9% | ||
| Q1 24 | 10.2% | -16.5% |
每股收益（稀释后）EATKO
| Q4 25 | $0.35 | $-0.07 | ||
| Q3 25 | $0.54 | $0.47 | ||
| Q2 25 | $0.79 | $1.17 | ||
| Q1 25 | $0.99 | $0.69 | ||
| Q4 24 | $1.11 | $0.28 | ||
| Q3 24 | $1.11 | $0.28 | ||
| Q2 24 | $1.04 | $0.72 | ||
| Q1 24 | $0.67 | $-1.26 |
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 | $831.1M |
| 总债务越低越好 | — | $3.8B |
| 股东权益账面价值 | $6.2B | $3.7B |
| 总资产 | $13.3B | $15.5B |
| 负债/权益比越低杠杆越低 | — | 1.01× |
8季度趋势，按日历期对齐
现金及短期投资EATKO
| Q4 25 | $2.8B | $831.1M | ||
| Q3 25 | $1.1B | $861.4M | ||
| Q2 25 | $1.5B | $535.1M | ||
| Q1 25 | $2.1B | $470.9M | ||
| Q4 24 | $2.8B | $525.6M | ||
| Q3 24 | $2.2B | $457.4M | ||
| Q2 24 | $2.4B | $277.5M | ||
| Q1 24 | $2.9B | $245.8M |
总债务EATKO
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.7B |
股东权益EATKO
| Q4 25 | $6.2B | $3.7B | ||
| Q3 25 | $6.0B | $3.8B | ||
| Q2 25 | $6.1B | $4.3B | ||
| Q1 25 | $6.4B | $4.2B | ||
| Q4 24 | $7.4B | $4.1B | ||
| Q3 24 | $7.4B | $4.0B | ||
| Q2 24 | $7.4B | $4.0B | ||
| Q1 24 | $7.5B | $4.0B |
总资产EATKO
| Q4 25 | $13.3B | $15.5B | ||
| Q3 25 | $11.9B | $15.5B | ||
| Q2 25 | $11.7B | $15.3B | ||
| Q1 25 | $12.4B | $15.0B | ||
| Q4 24 | $13.5B | $12.7B | ||
| Q3 24 | $13.1B | $12.8B | ||
| Q2 24 | $12.7B | $12.7B | ||
| Q1 24 | $13.4B | $12.7B |
负债/权益比EATKO
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.68× |
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 | $309.9M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 20.75× | — |
| 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EATKO
| Q4 25 | $1.8B | $309.9M | ||
| Q3 25 | $130.0M | $416.8M | ||
| Q2 25 | $17.0M | $396.2M | ||
| Q1 25 | $549.0M | $162.8M | ||
| Q4 24 | $1.2B | $56.8M | ||
| Q3 24 | $234.0M | $236.5M | ||
| Q2 24 | $120.0M | $230.7M | ||
| Q1 24 | $580.0M | $59.3M |
现金转化率EATKO
| Q4 25 | 20.75× | — | ||
| Q3 25 | 0.95× | 10.16× | ||
| Q2 25 | 0.08× | 4.03× | ||
| Q1 25 | 2.16× | 2.79× | ||
| Q4 24 | 4.01× | 1.83× | ||
| Q3 24 | 0.80× | 10.22× | ||
| Q2 24 | 0.43× | 3.90× | ||
| 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% |
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
