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FISERV INC（FISV）与奥飞娱乐（MAX）财务数据对比。点击上方公司名可切换其他公司
FISERV INC的季度营收约是奥飞娱乐的18.1倍（$5.3B vs $291.2M）。FISERV INC净利率更高（15.3% vs 10.8%，领先4.6%）。FISERV INC同比增速更快（0.6% vs -3.2%）。FISERV INC自由现金流更多（$1.5B vs $-7.5M）。过去两年奥飞娱乐的营收复合增速更高（51.6% vs 4.0%）
Fiserv是总部位于美国威斯康星州密尔沃基的跨国金融科技企业，面向银行机构提供借记卡、信用卡交易处理、忠诚度计划管理、贷款服务、电子账单支付、电汇及ACH转账、支票存款、ATM交易处理等解决方案，同时生产借记卡、信用卡及POS终端设备。
奥飞娱乐股份有限公司由蔡东青于1993年创立，是一家中国跨国综合企业集团，主营动漫、玩具、传媒资产与娱乐业务，2016年由原奥飞动漫更名而来。集团拥有国漫平台有妖气，还在美国设有影视公司奥飞影业，并宣布将在美国设立动漫业务部门。
FISV vs MAX — 直观对比
营收规模更大
FISV
是对方的18.1倍
$291.2M
营收增速更快
FISV
高出3.8%
-3.2%
净利率更高
FISV
高出4.6%
10.8%
自由现金流更多
FISV
多$1.5B
$-7.5M
两年增速更快
MAX
近两年复合增速
4.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $291.2M |
| 净利润 | $811.0M | $31.4M |
| 毛利率 | — | 15.4% |
| 营业利润率 | 24.4% | 7.7% |
| 净利率 | 15.3% | 10.8% |
| 营收同比 | 0.6% | -3.2% |
| 净利润同比 | -13.5% | 576.9% |
| 每股收益（稀释后） | $1.51 | $0.50 |
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FISVMAX
| Q4 25 | $5.3B | $291.2M | ||
| Q3 25 | $5.3B | $306.5M | ||
| Q2 25 | $5.5B | $251.6M | ||
| Q1 25 | $5.1B | $264.3M | ||
| Q4 24 | $5.3B | $300.6M | ||
| Q3 24 | $5.2B | $259.1M | ||
| Q2 24 | $5.1B | $178.3M | ||
| Q1 24 | $4.9B | $126.6M |
净利润FISVMAX
| Q4 25 | $811.0M | $31.4M | ||
| Q3 25 | $792.0M | $14.9M | ||
| Q2 25 | $1.0B | $-18.7M | ||
| Q1 25 | $851.0M | $-1.9M | ||
| Q4 24 | $938.0M | $4.6M | ||
| Q3 24 | $564.0M | $9.5M | ||
| Q2 24 | $894.0M | $3.6M | ||
| Q1 24 | $735.0M | $-1.1M |
毛利率FISVMAX
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 15.8% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 18.7% |
营业利润率FISVMAX
| Q4 25 | 24.4% | 7.7% | ||
| Q3 25 | 27.3% | 6.4% | ||
| Q2 25 | 30.7% | -8.0% | ||
| Q1 25 | 27.2% | 0.0% | ||
| Q4 24 | 31.8% | 6.1% | ||
| Q3 24 | 30.7% | 6.0% | ||
| Q2 24 | 28.0% | 3.6% | ||
| Q1 24 | 24.2% | 1.9% |
净利率FISVMAX
| Q4 25 | 15.3% | 10.8% | ||
| Q3 25 | 15.0% | 4.9% | ||
| Q2 25 | 18.6% | -7.4% | ||
| Q1 25 | 16.6% | -0.7% | ||
| Q4 24 | 17.9% | 1.5% | ||
| Q3 24 | 10.8% | 3.7% | ||
| Q2 24 | 17.5% | 2.0% | ||
| Q1 24 | 15.1% | -0.9% |
每股收益（稀释后）FISVMAX
| Q4 25 | $1.51 | $0.50 | ||
| Q3 25 | $1.46 | $0.26 | ||
| Q2 25 | $1.86 | $-0.33 | ||
| Q1 25 | $1.51 | $-0.04 | ||
| Q4 24 | $1.63 | $0.09 | ||
| Q3 24 | $0.98 | $0.17 | ||
| Q2 24 | $1.53 | $0.07 | ||
| Q1 24 | $1.24 | $-0.02 |
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 | $798.0M | $46.9M |
| 总债务越低越好 | $27.8B | $153.4M |
| 股东权益账面价值 | $25.8B | $4.2M |
| 总资产 | $80.1B | $383.8M |
| 负债/权益比越低杠杆越低 | 1.08× | 36.88× |
8季度趋势，按日历期对齐
现金及短期投资FISVMAX
| Q4 25 | $798.0M | $46.9M | ||
| Q3 25 | $1.1B | $38.8M | ||
| Q2 25 | $999.0M | $85.4M | ||
| Q1 25 | $1.2B | $63.6M | ||
| Q4 24 | $1.2B | $43.3M | ||
| Q3 24 | $1.2B | $32.3M | ||
| Q2 24 | $1.2B | $28.7M | ||
| Q1 24 | $1.2B | $14.5M |
总债务FISVMAX
| Q4 25 | $27.8B | $153.4M | ||
| Q3 25 | $28.9B | $155.7M | ||
| Q2 25 | $28.1B | $158.0M | ||
| Q1 25 | $27.0B | $160.2M | ||
| Q4 24 | $23.7B | $162.4M | ||
| Q3 24 | $24.1B | $164.7M | ||
| Q2 24 | $24.4B | $166.9M | ||
| Q1 24 | $23.8B | $172.1M |
股东权益FISVMAX
| Q4 25 | $25.8B | $4.2M | ||
| Q3 25 | $25.1B | $-29.8M | ||
| Q2 25 | $25.2B | $-3.8M | ||
| Q1 25 | $25.9B | $7.9M | ||
| Q4 24 | $27.1B | $2.4M | ||
| Q3 24 | $27.8B | $-8.4M | ||
| Q2 24 | $28.2B | $-24.4M | ||
| Q1 24 | $28.8B | $-19.1M |
总资产FISVMAX
| Q4 25 | $80.1B | $383.8M | ||
| Q3 25 | $79.4B | $266.2M | ||
| Q2 25 | $81.5B | $249.4M | ||
| Q1 25 | $80.4B | $240.0M | ||
| Q4 24 | $77.2B | $262.4M | ||
| Q3 24 | $79.8B | $236.1M | ||
| Q2 24 | $93.4B | $198.2M | ||
| Q1 24 | $92.7B | $153.0M |
负债/权益比FISVMAX
| Q4 25 | 1.08× | 36.88× | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 1.04× | 20.23× | ||
| Q4 24 | 0.88× | 68.31× | ||
| Q3 24 | 0.87× | — | ||
| Q2 24 | 0.87× | — | ||
| Q1 24 | 0.82× | — |
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 | $1.9B | $-7.4M |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $-7.5M |
| 自由现金流率自由现金流/营收 | 28.4% | -2.6% |
| 资本支出强度资本支出/营收 | 8.4% | 0.0% |
| 现金转化率经营现金流/净利润 | 2.40× | -0.24× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $65.3M |
8季度趋势，按日历期对齐
经营现金流FISVMAX
| Q4 25 | $1.9B | $-7.4M | ||
| Q3 25 | $1.8B | $23.6M | ||
| Q2 25 | $1.7B | $25.7M | ||
| Q1 25 | $648.0M | $23.7M | ||
| Q4 24 | $2.2B | $14.5M | ||
| Q3 24 | $2.2B | $8.1M | ||
| Q2 24 | $1.3B | $21.6M | ||
| Q1 24 | $831.0M | $1.7M |
自由现金流FISVMAX
| Q4 25 | $1.5B | $-7.5M | ||
| Q3 25 | $1.3B | $23.6M | ||
| Q2 25 | $1.2B | $25.5M | ||
| Q1 25 | $313.0M | $23.6M | ||
| Q4 24 | $1.8B | $14.5M | ||
| Q3 24 | $1.8B | $8.0M | ||
| Q2 24 | $993.0M | $21.5M | ||
| Q1 24 | $411.0M | $1.6M |
自由现金流率FISVMAX
| Q4 25 | 28.4% | -2.6% | ||
| Q3 25 | 24.7% | 7.7% | ||
| Q2 25 | 21.5% | 10.2% | ||
| Q1 25 | 6.1% | 8.9% | ||
| Q4 24 | 34.7% | 4.8% | ||
| Q3 24 | 35.2% | 3.1% | ||
| Q2 24 | 19.4% | 12.0% | ||
| Q1 24 | 8.4% | 1.3% |
资本支出强度FISVMAX
| Q4 25 | 8.4% | 0.0% | ||
| Q3 25 | 9.6% | 0.0% | ||
| Q2 25 | 8.7% | 0.1% | ||
| Q1 25 | 6.5% | 0.0% | ||
| Q4 24 | 7.6% | 0.0% | ||
| Q3 24 | 7.7% | 0.0% | ||
| Q2 24 | 6.8% | 0.1% | ||
| Q1 24 | 8.6% | 0.0% |
现金转化率FISVMAX
| Q4 25 | 2.40× | -0.24× | ||
| Q3 25 | 2.28× | 1.58× | ||
| Q2 25 | 1.62× | — | ||
| Q1 25 | 0.76× | — | ||
| Q4 24 | 2.37× | 3.13× | ||
| Q3 24 | 3.97× | 0.85× | ||
| Q2 24 | 1.50× | 5.97× | ||
| Q1 24 | 1.13× | — |
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
FISV
| Small Business | $1.7B | 32% |
| Products | $1.0B | 19% |
| Digital Payments | $960.0M | 18% |
| Issuing | $792.0M | 15% |
| Enterprise | $587.0M | 11% |
| Processing | $265.0M | 5% |
| Affiliated Entity | $18.0M | 0% |
MAX
| Property And Casualty Insurance | $264.8M | 91% |
| Health Insurance | $20.8M | 7% |
| Sales Channel Through Intermediary | $7.2M | 2% |
