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福克斯集团（FOXA）与TKO Group Holdings（TKO）财务数据对比。点击上方公司名可切换其他公司
福克斯集团的季度营收约是TKO Group Holdings的5.0倍（$5.2B vs $1.0B），福克斯集团净利率更高（4.8% vs -0.2%，领先5.0%），TKO Group Holdings同比增速更快（61.6% vs 2.0%），过去两年TKO Group Holdings的营收复合增速更高（28.4% vs 22.6%）
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。
TKO Group Holdings是美国体育及体育娱乐上市企业，成立于2023年9月12日，由奋进集团（Endeavor）子公司、终极格斗冠军赛（UFC）母公司Zuffa与职业摔跤品牌世界摔角娱乐（WWE）合并组建，主营综合格斗、职业摔跤赛事运营及相关娱乐内容业务。
FOXA vs TKO — 直观对比
营收规模更大
FOXA
是对方的5.0倍
$1.0B
营收增速更快
TKO
高出59.6%
2.0%
净利率更高
FOXA
高出5.0%
-0.2%
两年增速更快
TKO
近两年复合增速
22.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $1.0B |
| 净利润 | $247.0M | $-2.4M |
| 毛利率 | — | — |
| 营业利润率 | 6.2% | 5.5% |
| 净利率 | 4.8% | -0.2% |
| 营收同比 | 2.0% | 61.6% |
| 净利润同比 | -36.3% | -107.7% |
| 每股收益（稀释后） | $0.52 | $-0.07 |
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FOXATKO
| Q4 25 | $5.2B | $1.0B | ||
| Q3 25 | $3.7B | $1.1B | ||
| Q2 25 | $3.3B | $1.3B | ||
| Q1 25 | $4.4B | $1.3B | ||
| Q4 24 | $5.1B | $642.2M | ||
| Q3 24 | $3.6B | $681.3M | ||
| Q2 24 | $3.1B | $851.2M | ||
| Q1 24 | $3.4B | $629.7M |
净利润FOXATKO
| Q4 25 | $247.0M | $-2.4M | ||
| Q3 25 | $609.0M | $41.0M | ||
| Q2 25 | $719.0M | $98.4M | ||
| Q1 25 | $354.0M | $58.4M | ||
| Q4 24 | $388.0M | $31.0M | ||
| Q3 24 | $832.0M | $23.1M | ||
| Q2 24 | $320.0M | $59.1M | ||
| Q1 24 | $704.0M | $-103.8M |
营业利润率FOXATKO
| Q4 25 | 6.2% | 5.5% | ||
| Q3 25 | 21.4% | 15.4% | ||
| Q2 25 | 29.2% | 28.1% | ||
| Q1 25 | 10.8% | 18.7% | ||
| Q4 24 | 10.1% | 15.9% | ||
| Q3 24 | 31.2% | 20.0% | ||
| Q2 24 | 14.6% | 30.0% | ||
| Q1 24 | 27.9% | -33.4% |
净利率FOXATKO
| Q4 25 | 4.8% | -0.2% | ||
| Q3 25 | 16.3% | 3.7% | ||
| Q2 25 | 21.9% | 7.5% | ||
| Q1 25 | 8.1% | 4.6% | ||
| Q4 24 | 7.6% | 4.8% | ||
| Q3 24 | 23.3% | 3.4% | ||
| Q2 24 | 10.3% | 6.9% | ||
| Q1 24 | 20.4% | -16.5% |
每股收益（稀释后）FOXATKO
| Q4 25 | $0.52 | $-0.07 | ||
| Q3 25 | $1.32 | $0.47 | ||
| Q2 25 | $1.57 | $1.17 | ||
| Q1 25 | $0.75 | $0.69 | ||
| Q4 24 | $0.81 | $0.28 | ||
| Q3 24 | $1.78 | $0.28 | ||
| Q2 24 | $0.68 | $0.72 | ||
| Q1 24 | $1.40 | $-1.26 |
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 | — | $831.1M |
| 总债务越低越好 | — | $3.8B |
| 股东权益账面价值 | $10.9B | $3.7B |
| 总资产 | $21.5B | $15.5B |
| 负债/权益比越低杠杆越低 | — | 1.01× |
8季度趋势，按日历期对齐
现金及短期投资FOXATKO
| Q4 25 | — | $831.1M | ||
| Q3 25 | — | $861.4M | ||
| Q2 25 | — | $535.1M | ||
| Q1 25 | — | $470.9M | ||
| Q4 24 | — | $525.6M | ||
| Q3 24 | — | $457.4M | ||
| Q2 24 | — | $277.5M | ||
| Q1 24 | — | $245.8M |
总债务FOXATKO
| Q4 25 | — | $3.8B | ||
| Q3 25 | $6.6B | $3.7B | ||
| Q2 25 | $6.6B | $2.7B | ||
| Q1 25 | $7.2B | $2.8B | ||
| Q4 24 | $7.2B | $2.8B | ||
| Q3 24 | $7.2B | $2.7B | ||
| Q2 24 | $7.2B | $2.7B | ||
| Q1 24 | $7.2B | $2.7B |
股东权益FOXATKO
| Q4 25 | $10.9B | $3.7B | ||
| Q3 25 | $12.2B | $3.8B | ||
| Q2 25 | $12.0B | $4.3B | ||
| Q1 25 | $11.5B | $4.2B | ||
| Q4 24 | $11.5B | $4.1B | ||
| Q3 24 | $11.3B | $4.0B | ||
| Q2 24 | $10.7B | $4.0B | ||
| Q1 24 | $10.6B | $4.0B |
总资产FOXATKO
| Q4 25 | $21.5B | $15.5B | ||
| Q3 25 | $22.8B | $15.5B | ||
| Q2 25 | $23.2B | $15.3B | ||
| Q1 25 | $23.4B | $15.0B | ||
| Q4 24 | $23.0B | $12.7B | ||
| Q3 24 | $22.5B | $12.8B | ||
| Q2 24 | $22.0B | $12.7B | ||
| Q1 24 | $21.7B | $12.7B |
负债/权益比FOXATKO
| Q4 25 | — | 1.01× | ||
| Q3 25 | 0.54× | 0.98× | ||
| Q2 25 | 0.55× | 0.64× | ||
| Q1 25 | 0.62× | 0.66× | ||
| Q4 24 | 0.63× | 0.67× | ||
| Q3 24 | 0.64× | 0.67× | ||
| Q2 24 | 0.67× | 0.68× | ||
| Q1 24 | 0.68× | 0.68× |
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 | $309.9M |
| 自由现金流经营现金流 - 资本支出 | $-791.0M | — |
| 自由现金流率自由现金流/营收 | -15.3% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | -2.71× | — |
| 过去12个月自由现金流最近4个季度 | $2.3B | — |
8季度趋势，按日历期对齐
经营现金流FOXATKO
| Q4 25 | $-669.0M | $309.9M | ||
| Q3 25 | $-130.0M | $416.8M | ||
| Q2 25 | $1.5B | $396.2M | ||
| Q1 25 | $2.0B | $162.8M | ||
| Q4 24 | $-362.0M | $56.8M | ||
| Q3 24 | $158.0M | $236.5M | ||
| Q2 24 | $899.0M | $230.7M | ||
| Q1 24 | $1.5B | $59.3M |
自由现金流FOXATKO
| Q4 25 | $-791.0M | — | ||
| Q3 25 | $-234.0M | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $-436.0M | — | ||
| Q3 24 | $94.0M | — | ||
| Q2 24 | $787.0M | — | ||
| Q1 24 | $1.4B | — |
自由现金流率FOXATKO
| Q4 25 | -15.3% | — | ||
| Q3 25 | -6.3% | — | ||
| Q2 25 | 42.4% | — | ||
| Q1 25 | 44.4% | — | ||
| Q4 24 | -8.6% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 25.5% | — | ||
| Q1 24 | 40.4% | — |
资本支出强度FOXATKO
| Q4 25 | 2.4% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 2.4% | — |
现金转化率FOXATKO
| Q4 25 | -2.71× | — | ||
| Q3 25 | -0.21× | 10.16× | ||
| Q2 25 | 2.10× | 4.03× | ||
| Q1 25 | 5.69× | 2.79× | ||
| Q4 24 | -0.93× | 1.83× | ||
| Q3 24 | 0.19× | 10.22× | ||
| Q2 24 | 2.81× | 3.90× | ||
| Q1 24 | 2.10× | — |
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% |
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
