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福克斯集团（FOXA）与Southern Company（SO）财务数据对比。点击上方公司名可切换其他公司
Southern Company的季度营收约是福克斯集团的1.3倍（$7.0B vs $5.2B），Southern Company净利率更高（4.9% vs 4.8%，领先0.1%），Southern Company同比增速更快（10.1% vs 2.0%），福克斯集团自由现金流更多（$-791.0M vs $-1.7B），过去两年福克斯集团的营收复合增速更高（22.6% vs 2.5%）
福克斯集团是美国跨国大众传媒企业，总部位于纽约曼哈顿中城美洲大道1211号，在加州伯班克也设有办公点。公司以威廉·福克斯命名，在特拉华州注册，2019年3月19日从21世纪福克斯分拆而来，承接后者的电视广播、新闻及体育业务，由拉克兰·默多克通过家族信托持有36%投票权实现控股。
Southern Company是美国燃气电力公用事业控股企业，总部位于佐治亚州亚特兰大，在阿拉巴马州伯明翰设有行政办公室。截至2021年按用户规模计为美国第二大公用事业公司，旗下子公司覆盖6个州，为900万燃气及电力用户提供服务，供电区域达12万平方英里。
FOXA vs SO — 直观对比
营收规模更大
SO
是对方的1.3倍
$5.2B
营收增速更快
SO
高出8.1%
2.0%
净利率更高
SO
高出0.1%
4.8%
自由现金流更多
FOXA
多$897.0M
$-1.7B
两年增速更快
FOXA
近两年复合增速
2.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $7.0B |
| 净利润 | $247.0M | $341.0M |
| 毛利率 | — | — |
| 营业利润率 | 6.2% | 13.1% |
| 净利率 | 4.8% | 4.9% |
| 营收同比 | 2.0% | 10.1% |
| 净利润同比 | -36.3% | -26.8% |
| 每股收益（稀释后） | $0.52 | $0.38 |
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FOXASO
| Q4 25 | $5.2B | $7.0B | ||
| Q3 25 | $3.7B | $7.8B | ||
| Q2 25 | $3.3B | $7.0B | ||
| Q1 25 | $4.4B | $7.8B | ||
| Q4 24 | $5.1B | $6.3B | ||
| Q3 24 | $3.6B | $7.3B | ||
| Q2 24 | $3.1B | $6.5B | ||
| Q1 24 | $3.4B | $6.6B |
净利润FOXASO
| Q4 25 | $247.0M | $341.0M | ||
| Q3 25 | $609.0M | $1.7B | ||
| Q2 25 | $719.0M | $880.0M | ||
| Q1 25 | $354.0M | $1.3B | ||
| Q4 24 | $388.0M | $466.0M | ||
| Q3 24 | $832.0M | $1.5B | ||
| Q2 24 | $320.0M | $1.2B | ||
| Q1 24 | $704.0M | $1.1B |
营业利润率FOXASO
| Q4 25 | 6.2% | 13.1% | ||
| Q3 25 | 21.4% | 33.2% | ||
| Q2 25 | 29.2% | 25.3% | ||
| Q1 25 | 10.8% | 25.9% | ||
| Q4 24 | 10.1% | 16.7% | ||
| Q3 24 | 31.2% | 32.6% | ||
| Q2 24 | 14.6% | 30.0% | ||
| Q1 24 | 27.9% | 25.6% |
净利率FOXASO
| Q4 25 | 4.8% | 4.9% | ||
| Q3 25 | 16.3% | 21.9% | ||
| Q2 25 | 21.9% | 12.6% | ||
| Q1 25 | 8.1% | 16.3% | ||
| Q4 24 | 7.6% | 7.3% | ||
| Q3 24 | 23.3% | 21.1% | ||
| Q2 24 | 10.3% | 18.6% | ||
| Q1 24 | 20.4% | 16.1% |
每股收益（稀释后）FOXASO
| Q4 25 | $0.52 | $0.38 | ||
| Q3 25 | $1.32 | $1.54 | ||
| Q2 25 | $1.57 | $0.79 | ||
| Q1 25 | $0.75 | $1.21 | ||
| Q4 24 | $0.81 | $0.48 | ||
| Q3 24 | $1.78 | $1.39 | ||
| Q2 24 | $0.68 | $1.09 | ||
| Q1 24 | $1.40 | $1.03 |
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 | — | $1.6B |
| 总债务越低越好 | — | $65.6B |
| 股东权益账面价值 | $10.9B | $36.0B |
| 总资产 | $21.5B | $155.7B |
| 负债/权益比越低杠杆越低 | — | 1.82× |
8季度趋势，按日历期对齐
现金及短期投资FOXASO
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $713.0M |
总债务FOXASO
| Q4 25 | — | $65.6B | ||
| Q3 25 | $6.6B | $64.6B | ||
| Q2 25 | $6.6B | $63.0B | ||
| Q1 25 | $7.2B | $62.9B | ||
| Q4 24 | $7.2B | $58.8B | ||
| Q3 24 | $7.2B | $61.3B | ||
| Q2 24 | $7.2B | $59.9B | ||
| Q1 24 | $7.2B | $59.4B |
股东权益FOXASO
| Q4 25 | $10.9B | $36.0B | ||
| Q3 25 | $12.2B | $38.3B | ||
| Q2 25 | $12.0B | $37.3B | ||
| Q1 25 | $11.5B | $37.2B | ||
| Q4 24 | $11.5B | $33.2B | ||
| Q3 24 | $11.3B | $36.9B | ||
| Q2 24 | $10.7B | $36.1B | ||
| Q1 24 | $10.6B | $35.6B |
总资产FOXASO
| Q4 25 | $21.5B | $155.7B | ||
| Q3 25 | $22.8B | $153.2B | ||
| Q2 25 | $23.2B | $148.9B | ||
| Q1 25 | $23.4B | $148.1B | ||
| Q4 24 | $23.0B | $145.2B | ||
| Q3 24 | $22.5B | $144.0B | ||
| Q2 24 | $22.0B | $141.9B | ||
| Q1 24 | $21.7B | $140.1B |
负债/权益比FOXASO
| Q4 25 | — | 1.82× | ||
| Q3 25 | 0.54× | 1.69× | ||
| Q2 25 | 0.55× | 1.69× | ||
| Q1 25 | 0.62× | 1.69× | ||
| Q4 24 | 0.63× | 1.77× | ||
| Q3 24 | 0.64× | 1.66× | ||
| Q2 24 | 0.67× | 1.66× | ||
| Q1 24 | 0.68× | 1.67× |
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 | $-669.0M | $2.6B |
| 自由现金流经营现金流 - 资本支出 | $-791.0M | $-1.7B |
| 自由现金流率自由现金流/营收 | -15.3% | -24.2% |
| 资本支出强度资本支出/营收 | 2.4% | 61.4% |
| 现金转化率经营现金流/净利润 | -2.71× | 7.62× |
| 过去12个月自由现金流最近4个季度 | $2.3B | $-2.9B |
8季度趋势，按日历期对齐
经营现金流FOXASO
| Q4 25 | $-669.0M | $2.6B | ||
| Q3 25 | $-130.0M | $3.8B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | $-362.0M | $2.2B | ||
| Q3 24 | $158.0M | $3.6B | ||
| Q2 24 | $899.0M | $2.7B | ||
| Q1 24 | $1.5B | $1.3B |
自由现金流FOXASO
| Q4 25 | $-791.0M | $-1.7B | ||
| Q3 25 | $-234.0M | $559.0M | ||
| Q2 25 | $1.4B | $-619.0M | ||
| Q1 25 | $1.9B | $-1.2B | ||
| Q4 24 | $-436.0M | $-576.0M | ||
| Q3 24 | $94.0M | $1.3B | ||
| Q2 24 | $787.0M | $563.0M | ||
| Q1 24 | $1.4B | $-459.0M |
自由现金流率FOXASO
| Q4 25 | -15.3% | -24.2% | ||
| Q3 25 | -6.3% | 7.1% | ||
| Q2 25 | 42.4% | -8.9% | ||
| Q1 25 | 44.4% | -15.3% | ||
| Q4 24 | -8.6% | -9.1% | ||
| Q3 24 | 2.6% | 17.9% | ||
| Q2 24 | 25.5% | 8.7% | ||
| Q1 24 | 40.4% | -6.9% |
资本支出强度FOXASO
| Q4 25 | 2.4% | 61.4% | ||
| Q3 25 | 2.8% | 41.1% | ||
| Q2 25 | 3.6% | 40.2% | ||
| Q1 25 | 1.7% | 31.3% | ||
| Q4 24 | 1.5% | 43.4% | ||
| Q3 24 | 1.8% | 31.8% | ||
| Q2 24 | 3.6% | 32.9% | ||
| Q1 24 | 2.4% | 26.6% |
现金转化率FOXASO
| Q4 25 | -2.71× | 7.62× | ||
| Q3 25 | -0.21× | 2.21× | ||
| Q2 25 | 2.10× | 2.48× | ||
| Q1 25 | 5.69× | 0.98× | ||
| Q4 24 | -0.93× | 4.66× | ||
| Q3 24 | 0.19× | 2.36× | ||
| Q2 24 | 2.81× | 2.23× | ||
| Q1 24 | 2.10× | 1.22× |
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
FOXA
| Television Segment | $2.9B | 57% |
| Distribution | $1.2B | 22% |
| Other | $621.0M | 12% |
| Advertising | $491.0M | 9% |
SO
| Other | $3.9B | 57% |
| Retail Electric Commercial | $1.6B | 23% |
| Natural Gas Distribution Residential | $689.0M | 10% |
| Natural Gas Distribution Transportation | $371.0M | 5% |
| Wholesale Non Affiliates | $123.0M | 2% |
| Natural Gas Distribution Other | $76.0M | 1% |
| Wholesale Electric Non PPA Revenues | $62.0M | 1% |
| Wholesale Affiliates | $55.0M | 1% |
| Retail Electric Other | $31.0M | 0% |
| Alternative Energy | $20.0M | 0% |
| Natural Gas Distribution Industrial | $15.0M | 0% |
