vs
福克斯集团（FOXA）与联合太平洋（UNP）财务数据对比。点击上方公司名可切换其他公司
联合太平洋的季度营收约是福克斯集团的1.2倍（$6.2B vs $5.2B），联合太平洋净利率更高（27.4% vs 4.8%，领先22.6%），联合太平洋同比增速更快（3.2% vs 2.0%），联合太平洋自由现金流更多（$631.0M vs $-791.0M），过去两年福克斯集团的营收复合增速更高（22.6% vs 1.7%）
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。
联合太平洋是美国一级货运铁路运营商，共运营8300台机车，线路总长超5.18万公里，覆盖芝加哥、新奥尔良以西的23个美国州，是全美规模仅次于BNSF的第二大铁路企业。
FOXA vs UNP — 直观对比
营收规模更大
UNP
是对方的1.2倍
$5.2B
营收增速更快
UNP
高出1.1%
2.0%
净利率更高
UNP
高出22.6%
4.8%
自由现金流更多
UNP
多$1.4B
$-791.0M
两年增速更快
FOXA
近两年复合增速
1.7%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $6.2B |
| 净利润 | $247.0M | $1.7B |
| 毛利率 | — | — |
| 营业利润率 | 6.2% | 39.5% |
| 净利率 | 4.8% | 27.4% |
| 营收同比 | 2.0% | 3.2% |
| 净利润同比 | -36.3% | 4.6% |
| 每股收益（稀释后） | $0.52 | $2.87 |
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FOXAUNP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $5.2B | $6.1B | ||
| Q3 25 | $3.7B | $6.2B | ||
| Q2 25 | $3.3B | $6.2B | ||
| Q1 25 | $4.4B | $6.0B | ||
| Q4 24 | $5.1B | $6.1B | ||
| Q3 24 | $3.6B | $6.1B | ||
| Q2 24 | $3.1B | $6.0B |
净利润FOXAUNP
| Q1 26 | — | $1.7B | ||
| Q4 25 | $247.0M | $1.8B | ||
| Q3 25 | $609.0M | $1.8B | ||
| Q2 25 | $719.0M | $1.9B | ||
| Q1 25 | $354.0M | $1.6B | ||
| Q4 24 | $388.0M | $1.8B | ||
| Q3 24 | $832.0M | $1.7B | ||
| Q2 24 | $320.0M | $1.7B |
营业利润率FOXAUNP
| Q1 26 | — | 39.5% | ||
| Q4 25 | 6.2% | 39.5% | ||
| Q3 25 | 21.4% | 40.8% | ||
| Q2 25 | 29.2% | 41.0% | ||
| Q1 25 | 10.8% | 39.3% | ||
| Q4 24 | 10.1% | 41.3% | ||
| Q3 24 | 31.2% | 39.7% | ||
| Q2 24 | 14.6% | 40.0% |
净利率FOXAUNP
| Q1 26 | — | 27.4% | ||
| Q4 25 | 4.8% | 30.4% | ||
| Q3 25 | 16.3% | 28.6% | ||
| Q2 25 | 21.9% | 30.5% | ||
| Q1 25 | 8.1% | 27.0% | ||
| Q4 24 | 7.6% | 28.8% | ||
| Q3 24 | 23.3% | 27.4% | ||
| Q2 24 | 10.3% | 27.9% |
每股收益（稀释后）FOXAUNP
| Q1 26 | — | $2.87 | ||
| Q4 25 | $0.52 | $3.12 | ||
| Q3 25 | $1.32 | $3.01 | ||
| Q2 25 | $1.57 | $3.15 | ||
| Q1 25 | $0.75 | $2.70 | ||
| Q4 24 | $0.81 | $2.91 | ||
| Q3 24 | $1.78 | $2.75 | ||
| Q2 24 | $0.68 | $2.74 |
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 | — | $735.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.9B | — |
| 总资产 | $21.5B | $69.6B |
| 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FOXAUNP
| Q1 26 | — | $735.0M | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $808.0M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $947.0M | ||
| Q2 24 | — | $1.1B |
总债务FOXAUNP
| Q1 26 | — | — | ||
| Q4 25 | — | $30.3B | ||
| Q3 25 | $6.6B | $30.3B | ||
| Q2 25 | $6.6B | $30.3B | ||
| Q1 25 | $7.2B | $30.6B | ||
| Q4 24 | $7.2B | $29.8B | ||
| Q3 24 | $7.2B | $29.8B | ||
| Q2 24 | $7.2B | $31.2B |
股东权益FOXAUNP
| Q1 26 | — | — | ||
| Q4 25 | $10.9B | $18.5B | ||
| Q3 25 | $12.2B | $17.3B | ||
| Q2 25 | $12.0B | $16.3B | ||
| Q1 25 | $11.5B | $16.0B | ||
| Q4 24 | $11.5B | $16.9B | ||
| Q3 24 | $11.3B | $16.6B | ||
| Q2 24 | $10.7B | $16.5B |
总资产FOXAUNP
| Q1 26 | — | $69.6B | ||
| Q4 25 | $21.5B | $69.7B | ||
| Q3 25 | $22.8B | $68.6B | ||
| Q2 25 | $23.2B | $68.6B | ||
| Q1 25 | $23.4B | $68.5B | ||
| Q4 24 | $23.0B | $67.7B | ||
| Q3 24 | $22.5B | $67.6B | ||
| Q2 24 | $22.0B | $67.8B |
负债/权益比FOXAUNP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.64× | ||
| Q3 25 | 0.54× | 1.75× | ||
| Q2 25 | 0.55× | 1.86× | ||
| Q1 25 | 0.62× | 1.91× | ||
| Q4 24 | 0.63× | 1.76× | ||
| Q3 24 | 0.64× | 1.79× | ||
| Q2 24 | 0.67× | 1.89× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-791.0M | $631.0M |
| 自由现金流率自由现金流/营收 | -15.3% | 10.1% |
| 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 | $4.8B |
8季度趋势，按日历期对齐
经营现金流FOXAUNP
| Q1 26 | — | — | ||
| Q4 25 | $-669.0M | $2.2B | ||
| Q3 25 | $-130.0M | $2.5B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $2.0B | $2.2B | ||
| Q4 24 | $-362.0M | $2.7B | ||
| Q3 24 | $158.0M | $2.7B | ||
| Q2 24 | $899.0M | $1.9B |
自由现金流FOXAUNP
| Q1 26 | — | $631.0M | ||
| Q4 25 | $-791.0M | $1.2B | ||
| Q3 25 | $-234.0M | $1.6B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $-436.0M | $1.7B | ||
| Q3 24 | $94.0M | $1.8B | ||
| Q2 24 | $787.0M | $1.0B |
自由现金流率FOXAUNP
| Q1 26 | — | 10.1% | ||
| Q4 25 | -15.3% | 20.1% | ||
| Q3 25 | -6.3% | 25.2% | ||
| Q2 25 | 42.4% | 22.7% | ||
| Q1 25 | 44.4% | 21.6% | ||
| Q4 24 | -8.6% | 28.4% | ||
| Q3 24 | 2.6% | 29.9% | ||
| Q2 24 | 25.5% | 16.8% |
资本支出强度FOXAUNP
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 16.4% | ||
| Q3 25 | 2.8% | 15.2% | ||
| Q2 25 | 3.6% | 15.2% | ||
| Q1 25 | 1.7% | 15.0% | ||
| Q4 24 | 1.5% | 15.1% | ||
| Q3 24 | 1.8% | 13.6% | ||
| Q2 24 | 3.6% | 15.0% |
现金转化率FOXAUNP
| Q1 26 | — | — | ||
| Q4 25 | -2.71× | 1.20× | ||
| Q3 25 | -0.21× | 1.41× | ||
| Q2 25 | 2.10× | 1.24× | ||
| Q1 25 | 5.69× | 1.36× | ||
| Q4 24 | -0.93× | 1.51× | ||
| Q3 24 | 0.19× | 1.59× | ||
| Q2 24 | 2.81× | 1.14× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
