vs
美国艺电（EA）与ZIFF DAVIS, INC.（ZD）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ZIFF DAVIS, INC.的4.7倍（$1.9B vs $406.7M）。美国艺电净利率更高（4.6% vs 0.1%，领先4.5%）。美国艺电同比增速更快（1.0% vs -1.5%）。过去两年ZIFF DAVIS, INC.的营收复合增速更高（13.7% 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。
齐夫戴维斯是美国知名数字媒体及互联网企业，由威廉·伯纳德·齐夫一世与伯纳德·乔治·戴维斯于1927年创立。公司核心业务涵盖科技、健康类媒体网站，线上购物相关服务，互联网接入服务，游戏娱乐品牌，以及网络安全和营销技术工具，早年曾以爱好者类杂志出版为主要业务。
EA vs ZD — 直观对比
营收规模更大
EA
是对方的4.7倍
$406.7M
营收增速更快
EA
高出2.4%
-1.5%
净利率更高
EA
高出4.5%
0.1%
两年增速更快
ZD
近两年复合增速
3.4%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $406.7M |
| 净利润 | $88.0M | $370.0K |
| 毛利率 | 73.8% | 85.9% |
| 营业利润率 | 6.7% | 21.2% |
| 净利率 | 4.6% | 0.1% |
| 营收同比 | 1.0% | -1.5% |
| 净利润同比 | -70.0% | -99.4% |
| 每股收益（稀释后） | $0.35 | $0.06 |
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EAZD
| Q4 25 | $1.9B | $406.7M | ||
| Q3 25 | $1.8B | $363.7M | ||
| Q2 25 | $1.7B | $352.2M | ||
| Q1 25 | $1.9B | $328.6M | ||
| Q4 24 | $1.9B | $412.8M | ||
| Q3 24 | $2.0B | $353.6M | ||
| Q2 24 | $1.7B | $320.8M | ||
| Q1 24 | $1.8B | $314.5M |
净利润EAZD
| Q4 25 | $88.0M | $370.0K | ||
| Q3 25 | $137.0M | $-3.6M | ||
| Q2 25 | $201.0M | $26.3M | ||
| Q1 25 | $254.0M | $24.2M | ||
| Q4 24 | $293.0M | $64.1M | ||
| Q3 24 | $294.0M | $-48.6M | ||
| Q2 24 | $280.0M | $36.9M | ||
| Q1 24 | $182.0M | $10.6M |
毛利率EAZD
| Q4 25 | 73.8% | 85.9% | ||
| Q3 25 | 75.9% | 85.4% | ||
| Q2 25 | 83.3% | 86.1% | ||
| Q1 25 | 80.6% | 85.6% | ||
| Q4 24 | 75.8% | 87.1% | ||
| Q3 24 | 77.5% | 85.5% | ||
| Q2 24 | 84.2% | 84.4% | ||
| Q1 24 | 79.9% | 85.4% |
营业利润率EAZD
| Q4 25 | 6.7% | 21.2% | ||
| Q3 25 | 10.9% | 7.8% | ||
| Q2 25 | 16.2% | 9.5% | ||
| Q1 25 | 20.8% | 10.7% | ||
| Q4 24 | 20.0% | 19.0% | ||
| Q3 24 | 19.0% | -8.3% | ||
| Q2 24 | 21.9% | 8.9% | ||
| Q1 24 | 13.2% | 11.4% |
净利率EAZD
| Q4 25 | 4.6% | 0.1% | ||
| Q3 25 | 7.4% | -1.0% | ||
| Q2 25 | 12.0% | 7.5% | ||
| Q1 25 | 13.4% | 7.4% | ||
| Q4 24 | 15.6% | 15.5% | ||
| Q3 24 | 14.5% | -13.7% | ||
| Q2 24 | 16.9% | 11.5% | ||
| Q1 24 | 10.2% | 3.4% |
每股收益（稀释后）EAZD
| Q4 25 | $0.35 | $0.06 | ||
| Q3 25 | $0.54 | $-0.09 | ||
| Q2 25 | $0.79 | $0.62 | ||
| Q1 25 | $0.99 | $0.56 | ||
| Q4 24 | $1.11 | $1.53 | ||
| Q3 24 | $1.11 | $-1.11 | ||
| Q2 24 | $1.04 | $0.77 | ||
| Q1 24 | $0.67 | $0.23 |
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 | $607.0M |
| 总债务越低越好 | — | $866.5M |
| 股东权益账面价值 | $6.2B | $1.8B |
| 总资产 | $13.3B | $3.7B |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资EAZD
| Q4 25 | $2.8B | $607.0M | ||
| Q3 25 | $1.1B | $503.4M | ||
| Q2 25 | $1.5B | $457.3M | ||
| Q1 25 | $2.1B | $431.0M | ||
| Q4 24 | $2.8B | $505.9M | ||
| Q3 24 | $2.2B | $386.1M | ||
| Q2 24 | $2.4B | $687.2M | ||
| Q1 24 | $2.9B | $751.2M |
总债务EAZD
| Q4 25 | — | $866.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $864.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EAZD
| Q4 25 | $6.2B | $1.8B | ||
| Q3 25 | $6.0B | $1.8B | ||
| Q2 25 | $6.1B | $1.8B | ||
| Q1 25 | $6.4B | $1.8B | ||
| Q4 24 | $7.4B | $1.8B | ||
| Q3 24 | $7.4B | $1.8B | ||
| Q2 24 | $7.4B | $1.9B | ||
| Q1 24 | $7.5B | $1.9B |
总资产EAZD
| Q4 25 | $13.3B | $3.7B | ||
| Q3 25 | $11.9B | $3.5B | ||
| Q2 25 | $11.7B | $3.5B | ||
| Q1 25 | $12.4B | $3.5B | ||
| Q4 24 | $13.5B | $3.7B | ||
| Q3 24 | $13.1B | $3.4B | ||
| Q2 24 | $12.7B | $3.7B | ||
| Q1 24 | $13.4B | $3.7B |
负债/权益比EAZD
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $191.1M |
| 自由现金流经营现金流 - 资本支出 | — | $157.8M |
| 自由现金流率自由现金流/营收 | — | 38.8% |
| 资本支出强度资本支出/营收 | — | 8.2% |
| 现金转化率经营现金流/净利润 | 20.75× | 516.44× |
| 过去12个月自由现金流最近4个季度 | — | $287.9M |
8季度趋势，按日历期对齐
经营现金流EAZD
| Q4 25 | $1.8B | $191.1M | ||
| Q3 25 | $130.0M | $138.3M | ||
| Q2 25 | $17.0M | $57.1M | ||
| Q1 25 | $549.0M | $20.6M | ||
| Q4 24 | $1.2B | $158.2M | ||
| Q3 24 | $234.0M | $106.0M | ||
| Q2 24 | $120.0M | $50.6M | ||
| Q1 24 | $580.0M | $75.6M |
自由现金流EAZD
| Q4 25 | — | $157.8M | ||
| Q3 25 | — | $108.2M | ||
| Q2 25 | — | $26.9M | ||
| Q1 25 | — | $-5.0M | ||
| Q4 24 | — | $131.1M | ||
| Q3 24 | — | $80.1M | ||
| Q2 24 | — | $25.1M | ||
| Q1 24 | — | $47.4M |
自由现金流率EAZD
| Q4 25 | — | 38.8% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | -1.5% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 22.7% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 15.1% |
资本支出强度EAZD
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | — | 8.9% |
现金转化率EAZD
| Q4 25 | 20.75× | 516.44× | ||
| Q3 25 | 0.95× | — | ||
| Q2 25 | 0.08× | 2.17× | ||
| Q1 25 | 2.16× | 0.85× | ||
| Q4 24 | 4.01× | 2.47× | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.43× | 1.37× | ||
| Q1 24 | 3.19× | 7.11× |
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% |
ZD
| Health And Wellness | $114.8M | 28% |
| Technology And Shopping | $108.9M | 27% |
| Cybersecurity And Martech Segment | $70.9M | 17% |
| Connectivity | $60.3M | 15% |
| Gaming And Entertainment | $51.7M | 13% |
| Subscription And Licensing | $2.9M | 1% |
