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美国艺电（EA）与Ventas（VTR）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Ventas的1.1倍（$1.9B vs $1.7B），美国艺电净利率更高（4.6% vs 3.6%，领先1.1%），Ventas同比增速更快（22.0% vs 1.0%），过去两年Ventas的营收复合增速更高（17.5% 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。
Ventas是一家领先的医疗地产投资信托企业，旗下资产涵盖养老社区、医疗办公楼、生命科学研究设施及康复医疗中心等，主要在北美、英国地区运营，为医疗服务及生命科学机构提供专业物业解决方案。
EA vs VTR — 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
VTR
高出21.1%
1.0%
净利率更高
EA
高出1.1%
3.6%
两年增速更快
VTR
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.7B |
| 净利润 | $88.0M | $59.0M |
| 毛利率 | 73.8% | — |
| 营业利润率 | 6.7% | — |
| 净利率 | 4.6% | 3.6% |
| 营收同比 | 1.0% | 22.0% |
| 净利润同比 | -70.0% | 19.0% |
| 每股收益（稀释后） | $0.35 | — |
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EAVTR
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B |
净利润EAVTR
| Q1 26 | — | $59.0M | ||
| Q4 25 | $88.0M | $73.0M | ||
| Q3 25 | $137.0M | $68.7M | ||
| Q2 25 | $201.0M | $71.5M | ||
| Q1 25 | $254.0M | $48.4M | ||
| Q4 24 | $293.0M | $58.7M | ||
| Q3 24 | $294.0M | $21.0M | ||
| Q2 24 | $280.0M | $21.2M |
毛利率EAVTR
| Q1 26 | — | — | ||
| 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% | — |
营业利润率EAVTR
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | 4.9% | ||
| Q3 25 | 10.9% | 3.0% | ||
| Q2 25 | 16.2% | 3.0% | ||
| Q1 25 | 20.8% | 3.0% | ||
| Q4 24 | 20.0% | -0.0% | ||
| Q3 24 | 19.0% | 1.5% | ||
| Q2 24 | 21.9% | -1.6% |
净利率EAVTR
| Q1 26 | — | 3.6% | ||
| Q4 25 | 4.6% | 4.7% | ||
| Q3 25 | 7.4% | 4.6% | ||
| Q2 25 | 12.0% | 5.0% | ||
| Q1 25 | 13.4% | 3.6% | ||
| Q4 24 | 15.6% | 4.6% | ||
| Q3 24 | 14.5% | 1.7% | ||
| Q2 24 | 16.9% | 1.8% |
每股收益（稀释后）EAVTR
| Q1 26 | — | — | ||
| Q4 25 | $0.35 | $0.15 | ||
| Q3 25 | $0.54 | $0.14 | ||
| Q2 25 | $0.79 | $0.15 | ||
| Q1 25 | $0.99 | $0.10 | ||
| Q4 24 | $1.11 | $0.13 | ||
| Q3 24 | $1.11 | $0.05 | ||
| Q2 24 | $1.04 | $0.05 |
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 | $183.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.2B | $13.2B |
| 总资产 | $13.3B | $27.7B |
| 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EAVTR
| Q1 26 | — | $183.6M | ||
| Q4 25 | $2.8B | $741.1M | ||
| Q3 25 | $1.1B | $188.6M | ||
| Q2 25 | $1.5B | $614.2M | ||
| Q1 25 | $2.1B | $182.3M | ||
| Q4 24 | $2.8B | $897.9M | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.4B | $557.1M |
总债务EAVTR
| Q1 26 | — | — | ||
| Q4 25 | — | $13.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $13.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EAVTR
| Q1 26 | — | $13.2B | ||
| Q4 25 | $6.2B | $12.5B | ||
| Q3 25 | $6.0B | $12.4B | ||
| Q2 25 | $6.1B | $11.5B | ||
| Q1 25 | $6.4B | $11.5B | ||
| Q4 24 | $7.4B | $10.8B | ||
| Q3 24 | $7.4B | $9.8B | ||
| Q2 24 | $7.4B | $9.6B |
总资产EAVTR
| Q1 26 | — | $27.7B | ||
| Q4 25 | $13.3B | $27.6B | ||
| Q3 25 | $11.9B | $26.9B | ||
| Q2 25 | $11.7B | $26.5B | ||
| Q1 25 | $12.4B | $26.0B | ||
| Q4 24 | $13.5B | $26.2B | ||
| Q3 24 | $13.1B | $25.3B | ||
| Q2 24 | $12.7B | $24.5B |
负债/权益比EAVTR
| Q1 26 | — | — | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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EAVTR
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $471.7M | ||
| Q3 25 | $130.0M | $378.6M | ||
| Q2 25 | $17.0M | $475.3M | ||
| Q1 25 | $549.0M | $321.1M | ||
| Q4 24 | $1.2B | $373.6M | ||
| Q3 24 | $234.0M | $353.7M | ||
| Q2 24 | $120.0M | $335.9M |
现金转化率EAVTR
| Q1 26 | — | — | ||
| Q4 25 | 20.75× | 6.46× | ||
| Q3 25 | 0.95× | 5.51× | ||
| Q2 25 | 0.08× | 6.65× | ||
| Q1 25 | 2.16× | 6.64× | ||
| Q4 24 | 4.01× | 6.36× | ||
| Q3 24 | 0.80× | 16.84× | ||
| Q2 24 | 0.43× | 15.87× |
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% |
VTR
| Resident fees and services | $1.3B | 78% |
| Outpatient medical and research portfolio | $230.1M | 14% |
| Triple-net leased properties | $123.1M | 7% |
| Third-party capital management revenues | $4.4M | 0% |
