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美国艺电（EA）与Unity Software Inc.（U）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Unity Software Inc.的3.8倍（$1.9B vs $503.1M），美国艺电净利率更高（4.6% vs -17.9%，领先22.5%），Unity Software Inc.同比增速更快（10.1% vs 1.0%），过去两年Unity Software Inc.的营收复合增速更高（4.5% 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。
Unity Software Inc.是总部位于美国旧金山的游戏软件开发企业，2004年于丹麦成立时原名为Over the Edge Entertainment，2007年更为现名。公司核心产品Unity游戏引擎全球应用广泛，可用于开发各类电子游戏及其他互动应用，商业化授权服务覆盖全球客户。
EA vs U — 直观对比
营收规模更大
EA
是对方的3.8倍
$503.1M
营收增速更快
U
高出9.1%
1.0%
净利率更高
EA
高出22.5%
-17.9%
两年增速更快
U
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $503.1M |
| 净利润 | $88.0M | $-90.0M |
| 毛利率 | 73.8% | 74.3% |
| 营业利润率 | 6.7% | -21.2% |
| 净利率 | 4.6% | -17.9% |
| 营收同比 | 1.0% | 10.1% |
| 净利润同比 | -70.0% | 26.7% |
| 每股收益（稀释后） | $0.35 | $-0.21 |
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EAU
| Q4 25 | $1.9B | $503.1M | ||
| Q3 25 | $1.8B | $470.6M | ||
| Q2 25 | $1.7B | $440.9M | ||
| Q1 25 | $1.9B | $435.0M | ||
| Q4 24 | $1.9B | $457.1M | ||
| Q3 24 | $2.0B | $446.5M | ||
| Q2 24 | $1.7B | $449.3M | ||
| Q1 24 | $1.8B | $460.4M |
净利润EAU
| Q4 25 | $88.0M | $-90.0M | ||
| Q3 25 | $137.0M | $-126.4M | ||
| Q2 25 | $201.0M | $-108.8M | ||
| Q1 25 | $254.0M | $-77.6M | ||
| Q4 24 | $293.0M | $-122.7M | ||
| Q3 24 | $294.0M | $-124.7M | ||
| Q2 24 | $280.0M | $-125.6M | ||
| Q1 24 | $182.0M | $-291.1M |
毛利率EAU
| Q4 25 | 73.8% | 74.3% | ||
| Q3 25 | 75.9% | 74.4% | ||
| Q2 25 | 83.3% | 74.1% | ||
| Q1 25 | 80.6% | 73.8% | ||
| Q4 24 | 75.8% | 74.7% | ||
| Q3 24 | 77.5% | 74.9% | ||
| Q2 24 | 84.2% | 75.8% | ||
| Q1 24 | 79.9% | 68.6% |
营业利润率EAU
| Q4 25 | 6.7% | -21.2% | ||
| Q3 25 | 10.9% | -26.7% | ||
| Q2 25 | 16.2% | -26.9% | ||
| Q1 25 | 20.8% | -29.4% | ||
| Q4 24 | 20.0% | -27.1% | ||
| Q3 24 | 19.0% | -28.5% | ||
| Q2 24 | 21.9% | -28.8% | ||
| Q1 24 | 13.2% | -81.4% |
净利率EAU
| Q4 25 | 4.6% | -17.9% | ||
| Q3 25 | 7.4% | -26.9% | ||
| Q2 25 | 12.0% | -24.7% | ||
| Q1 25 | 13.4% | -17.8% | ||
| Q4 24 | 15.6% | -26.8% | ||
| Q3 24 | 14.5% | -27.9% | ||
| Q2 24 | 16.9% | -28.0% | ||
| Q1 24 | 10.2% | -63.2% |
每股收益（稀释后）EAU
| Q4 25 | $0.35 | $-0.21 | ||
| Q3 25 | $0.54 | $-0.30 | ||
| Q2 25 | $0.79 | $-0.26 | ||
| Q1 25 | $0.99 | $-0.19 | ||
| Q4 24 | $1.11 | $-0.30 | ||
| Q3 24 | $1.11 | $-0.31 | ||
| Q2 24 | $1.04 | $-0.32 | ||
| Q1 24 | $0.67 | $-0.75 |
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 | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.2B | $3.2B |
| 总资产 | $13.3B | $6.8B |
| 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EAU
| Q4 25 | $2.8B | $2.1B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.8B | $1.5B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.9B | $1.2B |
股东权益EAU
| Q4 25 | $6.2B | $3.2B | ||
| Q3 25 | $6.0B | $3.2B | ||
| Q2 25 | $6.1B | $3.2B | ||
| Q1 25 | $6.4B | $3.2B | ||
| Q4 24 | $7.4B | $3.2B | ||
| Q3 24 | $7.4B | $3.2B | ||
| Q2 24 | $7.4B | $3.2B | ||
| Q1 24 | $7.5B | $3.2B |
总资产EAU
| Q4 25 | $13.3B | $6.8B | ||
| Q3 25 | $11.9B | $6.8B | ||
| Q2 25 | $11.7B | $6.7B | ||
| Q1 25 | $12.4B | $6.6B | ||
| Q4 24 | $13.5B | $6.7B | ||
| Q3 24 | $13.1B | $6.7B | ||
| Q2 24 | $12.7B | $6.7B | ||
| Q1 24 | $13.4B | $6.8B |
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 | $121.4M |
| 自由现金流经营现金流 - 资本支出 | — | $118.7M |
| 自由现金流率自由现金流/营收 | — | 23.6% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 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 | — | $403.9M |
8季度趋势，按日历期对齐
经营现金流EAU
| Q4 25 | $1.8B | $121.4M | ||
| Q3 25 | $130.0M | $155.4M | ||
| Q2 25 | $17.0M | $133.1M | ||
| Q1 25 | $549.0M | $13.0M | ||
| Q4 24 | $1.2B | $112.2M | ||
| Q3 24 | $234.0M | $122.4M | ||
| Q2 24 | $120.0M | $88.4M | ||
| Q1 24 | $580.0M | $-7.4M |
自由现金流EAU
| Q4 25 | — | $118.7M | ||
| Q3 25 | — | $151.3M | ||
| Q2 25 | — | $126.7M | ||
| Q1 25 | — | $7.3M | ||
| Q4 24 | — | $105.8M | ||
| Q3 24 | — | $115.2M | ||
| Q2 24 | — | $79.6M | ||
| Q1 24 | — | $-14.6M |
自由现金流率EAU
| Q4 25 | — | 23.6% | ||
| Q3 25 | — | 32.1% | ||
| Q2 25 | — | 28.7% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 23.1% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 17.7% | ||
| Q1 24 | — | -3.2% |
资本支出强度EAU
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 1.6% |
现金转化率EAU
| Q4 25 | 20.75× | — | ||
| Q3 25 | 0.95× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | 4.01× | — | ||
| 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% |
U
| Grow Solutions | $338.2M | 67% |
| Create Solutions | $164.9M | 33% |
