vs
美国艺电（EA）与WEBTOON Entertainment Inc.（WBTN）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WEBTOON Entertainment Inc.的5.7倍（$1.9B vs $330.7M）。美国艺电净利率更高（4.6% vs -93.0%，领先97.6%）
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。
WEBTOON Entertainment Inc.运营的WEBTOON是由NAVER公司2004年推出的韩美共享网络漫画平台，提供网络漫画及短篇数字漫画内容刊载服务。平台由NAVER及NAVER与软银集团合资的LY集团共同控股，总部位于美国洛杉矶，用户可通过Webtoons.com官网及安卓、iOS端移动应用免费访问使用。
EA vs WBTN — 直观对比
营收规模更大
EA
是对方的5.7倍
$330.7M
净利率更高
EA
高出97.6%
-93.0%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $330.7M |
| 净利润 | $88.0M | $-307.6M |
| 毛利率 | 73.8% | 24.3% |
| 营业利润率 | 6.7% | -4.0% |
| 净利率 | 4.6% | -93.0% |
| 营收同比 | 1.0% | — |
| 净利润同比 | -70.0% | — |
| 每股收益（稀释后） | $0.35 | $-2.37 |
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EAWBTN
| Q4 25 | $1.9B | $330.7M | ||
| Q3 25 | $1.8B | $378.0M | ||
| Q2 25 | $1.7B | $348.3M | ||
| Q1 25 | $1.9B | $325.7M | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | $347.9M | ||
| Q2 24 | $1.7B | $321.0M | ||
| Q1 24 | $1.8B | — |
净利润EAWBTN
| Q4 25 | $88.0M | $-307.6M | ||
| Q3 25 | $137.0M | $-11.6M | ||
| Q2 25 | $201.0M | $-4.3M | ||
| Q1 25 | $254.0M | $-22.4M | ||
| Q4 24 | $293.0M | — | ||
| Q3 24 | $294.0M | $19.8M | ||
| Q2 24 | $280.0M | $-76.9M | ||
| Q1 24 | $182.0M | — |
毛利率EAWBTN
| Q4 25 | 73.8% | 24.3% | ||
| Q3 25 | 75.9% | 21.9% | ||
| Q2 25 | 83.3% | 25.1% | ||
| Q1 25 | 80.6% | 22.0% | ||
| Q4 24 | 75.8% | — | ||
| Q3 24 | 77.5% | 26.3% | ||
| Q2 24 | 84.2% | 25.9% | ||
| Q1 24 | 79.9% | — |
营业利润率EAWBTN
| Q4 25 | 6.7% | -4.0% | ||
| Q3 25 | 10.9% | -3.9% | ||
| Q2 25 | 16.2% | -2.5% | ||
| Q1 25 | 20.8% | -8.2% | ||
| Q4 24 | 20.0% | — | ||
| Q3 24 | 19.0% | -2.3% | ||
| Q2 24 | 21.9% | -24.6% | ||
| Q1 24 | 13.2% | — |
净利率EAWBTN
| Q4 25 | 4.6% | -93.0% | ||
| Q3 25 | 7.4% | -3.1% | ||
| Q2 25 | 12.0% | -1.2% | ||
| Q1 25 | 13.4% | -6.9% | ||
| Q4 24 | 15.6% | — | ||
| Q3 24 | 14.5% | 5.7% | ||
| Q2 24 | 16.9% | -24.0% | ||
| Q1 24 | 10.2% | — |
每股收益（稀释后）EAWBTN
| Q4 25 | $0.35 | $-2.37 | ||
| Q3 25 | $0.54 | $-0.09 | ||
| Q2 25 | $0.79 | $-0.03 | ||
| Q1 25 | $0.99 | $-0.17 | ||
| Q4 24 | $1.11 | — | ||
| Q3 24 | $1.11 | $0.15 | ||
| Q2 24 | $1.04 | $-0.70 | ||
| Q1 24 | $0.67 | — |
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 | $581.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.2B | $1.2B |
| 总资产 | $13.3B | $1.6B |
| 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EAWBTN
| Q4 25 | $2.8B | $581.8M | ||
| Q3 25 | $1.1B | $584.6M | ||
| Q2 25 | $1.5B | $581.5M | ||
| Q1 25 | $2.1B | $550.1M | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.2B | $585.5M | ||
| Q2 24 | $2.4B | $572.3M | ||
| Q1 24 | $2.9B | — |
股东权益EAWBTN
| Q4 25 | $6.2B | $1.2B | ||
| Q3 25 | $6.0B | $1.5B | ||
| Q2 25 | $6.1B | $1.5B | ||
| Q1 25 | $6.4B | $1.5B | ||
| Q4 24 | $7.4B | — | ||
| Q3 24 | $7.4B | $1.6B | ||
| Q2 24 | $7.4B | $1.5B | ||
| Q1 24 | $7.5B | — |
总资产EAWBTN
| Q4 25 | $13.3B | $1.6B | ||
| Q3 25 | $11.9B | $2.0B | ||
| Q2 25 | $11.7B | $2.0B | ||
| Q1 25 | $12.4B | $1.9B | ||
| Q4 24 | $13.5B | — | ||
| Q3 24 | $13.1B | $2.1B | ||
| Q2 24 | $12.7B | $2.0B | ||
| Q1 24 | $13.4B | — |
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 | $7.6M |
| 自由现金流经营现金流 - 资本支出 | — | $7.0M |
| 自由现金流率自由现金流/营收 | — | 2.1% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | — | $3.6M |
8季度趋势，按日历期对齐
经营现金流EAWBTN
| Q4 25 | $1.8B | $7.6M | ||
| Q3 25 | $130.0M | $16.5M | ||
| Q2 25 | $17.0M | $5.7M | ||
| Q1 25 | $549.0M | $-18.7M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $234.0M | $4.1M | ||
| Q2 24 | $120.0M | — | ||
| Q1 24 | $580.0M | — |
自由现金流EAWBTN
| Q4 25 | — | $7.0M | ||
| Q3 25 | — | $11.8M | ||
| Q2 25 | — | $3.9M | ||
| Q1 25 | — | $-19.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $3.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率EAWBTN
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度EAWBTN
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率EAWBTN
| Q4 25 | 20.75× | — | ||
| Q3 25 | 0.95× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | 4.01× | — | ||
| Q3 24 | 0.80× | 0.21× | ||
| 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% |
WBTN
| Other | $158.3M | 48% |
| KR | $125.7M | 38% |
| IP Adaptations | $25.4M | 8% |
| Related Party | $21.3M | 6% |
