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美国艺电（EA）与V2X, Inc.（VVX）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V2X, Inc.的1.6倍（$1.9B vs $1.2B），美国艺电净利率更高（4.6% vs 1.9%，领先2.8%），V2X, Inc.同比增速更快（5.3% vs 1.0%），过去两年V2X, Inc.的营收复合增速更高（9.8% 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。
V2X公司是总部位于美国的技术工程服务供应商，主要服务美国国防部等联邦政府客户，提供任务支持、关键基础设施运维、国家安全相关解决方案，业务覆盖国防、公共安全、运营韧性等核心领域。
EA vs VVX — 直观对比
营收规模更大
EA
是对方的1.6倍
$1.2B
营收增速更快
VVX
高出4.3%
1.0%
净利率更高
EA
高出2.8%
1.9%
两年增速更快
VVX
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.2B |
| 净利润 | $88.0M | $22.8M |
| 毛利率 | 73.8% | 8.6% |
| 营业利润率 | 6.7% | 4.2% |
| 净利率 | 4.6% | 1.9% |
| 营收同比 | 1.0% | 5.3% |
| 净利润同比 | -70.0% | -9.0% |
| 每股收益（稀释后） | $0.35 | $0.73 |
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EAVVX
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.8B | $1.0B |
净利润EAVVX
| Q4 25 | $88.0M | $22.8M | ||
| Q3 25 | $137.0M | $24.6M | ||
| Q2 25 | $201.0M | $22.4M | ||
| Q1 25 | $254.0M | $8.1M | ||
| Q4 24 | $293.0M | $25.0M | ||
| Q3 24 | $294.0M | $15.1M | ||
| Q2 24 | $280.0M | $-6.5M | ||
| Q1 24 | $182.0M | $1.1M |
毛利率EAVVX
| Q4 25 | 73.8% | 8.6% | ||
| Q3 25 | 75.9% | 8.1% | ||
| Q2 25 | 83.3% | 8.9% | ||
| Q1 25 | 80.6% | 7.7% | ||
| Q4 24 | 75.8% | 9.3% | ||
| Q3 24 | 77.5% | 8.5% | ||
| Q2 24 | 84.2% | 6.9% | ||
| Q1 24 | 79.9% | 7.0% |
营业利润率EAVVX
| Q4 25 | 6.7% | 4.2% | ||
| Q3 25 | 10.9% | 4.8% | ||
| Q2 25 | 16.2% | 4.9% | ||
| Q1 25 | 20.8% | 3.4% | ||
| Q4 24 | 20.0% | 4.5% | ||
| Q3 24 | 19.0% | 4.6% | ||
| Q2 24 | 21.9% | 2.6% | ||
| Q1 24 | 13.2% | 3.0% |
净利率EAVVX
| Q4 25 | 4.6% | 1.9% | ||
| Q3 25 | 7.4% | 2.1% | ||
| Q2 25 | 12.0% | 2.1% | ||
| Q1 25 | 13.4% | 0.8% | ||
| Q4 24 | 15.6% | 2.2% | ||
| Q3 24 | 14.5% | 1.4% | ||
| Q2 24 | 16.9% | -0.6% | ||
| Q1 24 | 10.2% | 0.1% |
每股收益（稀释后）EAVVX
| Q4 25 | $0.35 | $0.73 | ||
| Q3 25 | $0.54 | $0.77 | ||
| Q2 25 | $0.79 | $0.70 | ||
| Q1 25 | $0.99 | $0.25 | ||
| Q4 24 | $1.11 | $0.78 | ||
| Q3 24 | $1.11 | $0.47 | ||
| Q2 24 | $1.04 | $-0.21 | ||
| Q1 24 | $0.67 | $0.04 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.2B | $1.1B |
| 总资产 | $13.3B | $3.3B |
| 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EAVVX
| Q4 25 | $2.8B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.9B | — |
股东权益EAVVX
| Q4 25 | $6.2B | $1.1B | ||
| Q3 25 | $6.0B | $1.1B | ||
| Q2 25 | $6.1B | $1.1B | ||
| Q1 25 | $6.4B | $1.0B | ||
| Q4 24 | $7.4B | $1.0B | ||
| Q3 24 | $7.4B | $1.0B | ||
| Q2 24 | $7.4B | $992.0M | ||
| Q1 24 | $7.5B | $993.7M |
总资产EAVVX
| Q4 25 | $13.3B | $3.3B | ||
| Q3 25 | $11.9B | $3.2B | ||
| Q2 25 | $11.7B | $3.1B | ||
| Q1 25 | $12.4B | $3.1B | ||
| Q4 24 | $13.5B | $3.2B | ||
| Q3 24 | $13.1B | $3.1B | ||
| Q2 24 | $12.7B | $3.2B | ||
| Q1 24 | $13.4B | $3.1B |
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 | $209.5M |
| 自由现金流经营现金流 - 资本支出 | — | $207.2M |
| 自由现金流率自由现金流/营收 | — | 17.0% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 现金转化率经营现金流/净利润 | 20.75× | 9.20× |
| 过去12个月自由现金流最近4个季度 | — | $170.1M |
8季度趋势，按日历期对齐
经营现金流EAVVX
| Q4 25 | $1.8B | $209.5M | ||
| Q3 25 | $130.0M | $39.4M | ||
| Q2 25 | $17.0M | $28.5M | ||
| Q1 25 | $549.0M | $-95.5M | ||
| Q4 24 | $1.2B | $223.1M | ||
| Q3 24 | $234.0M | $62.7M | ||
| Q2 24 | $120.0M | $25.7M | ||
| Q1 24 | $580.0M | $-57.2M |
自由现金流EAVVX
| Q4 25 | — | $207.2M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $26.1M | ||
| Q1 25 | — | $-98.2M | ||
| Q4 24 | — | $222.0M | ||
| Q3 24 | — | $60.5M | ||
| Q2 24 | — | $24.9M | ||
| Q1 24 | — | $-65.0M |
自由现金流率EAVVX
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | -9.7% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | -6.4% |
资本支出强度EAVVX
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.8% |
现金转化率EAVVX
| Q4 25 | 20.75× | 9.20× | ||
| Q3 25 | 0.95× | 1.60× | ||
| Q2 25 | 0.08× | 1.27× | ||
| Q1 25 | 2.16× | -11.78× | ||
| Q4 24 | 4.01× | 8.91× | ||
| Q3 24 | 0.80× | 4.16× | ||
| Q2 24 | 0.43× | — | ||
| Q1 24 | 3.19× | -50.02× |
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% |
VVX
| Army | $480.4M | 39% |
| Navy | $388.9M | 32% |
| Air Force | $196.1M | 16% |
| Other Customers | $153.3M | 13% |
