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合众银行（FSBC）与花花公子（PLBY）财务数据对比。点击上方公司名可切换其他公司
合众银行的季度营收约是花花公子的1.3倍（$45.1M vs $34.9M），合众银行净利率更高（41.3% vs 10.3%，领先31.0%），过去两年合众银行的营收复合增速更高（21.3% vs 11.0%）
合众银行是总部设在美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行。它旗下核心运营实体为美国银行全国协会，以US Bank品牌开展业务，提供银行、投资、抵押等金融服务。
花花公子集团（Playboy, Inc.）起源于1953年由休·海夫纳联合合伙人在美国芝加哥创立，初始部分资金来自海夫纳母亲提供的1000美元贷款，是美国知名生活方式与娱乐内容品牌，旗下核心《花花公子》杂志同时发行电子版与纸质版。
FSBC vs PLBY — 直观对比
营收规模更大
FSBC
是对方的1.3倍
$34.9M
净利率更高
FSBC
高出31.0%
10.3%
两年增速更快
FSBC
近两年复合增速
11.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.1M | $34.9M |
| 净利润 | $18.6M | $3.6M |
| 毛利率 | — | 73.3% |
| 营业利润率 | — | 7.9% |
| 净利率 | 41.3% | 10.3% |
| 营收同比 | — | 4.2% |
| 净利润同比 | 42.0% | 128.6% |
| 每股收益（稀释后） | $0.87 | $0.05 |
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FSBCPLBY
| Q1 26 | $45.1M | — | ||
| Q4 25 | $43.5M | $34.9M | ||
| Q3 25 | $41.3M | $29.0M | ||
| Q2 25 | $38.3M | $28.1M | ||
| Q1 25 | $35.3M | $28.9M | ||
| Q4 24 | $35.2M | $33.5M | ||
| Q3 24 | $31.8M | $29.4M | ||
| Q2 24 | $30.7M | $24.9M |
净利润FSBCPLBY
| Q1 26 | $18.6M | — | ||
| Q4 25 | $17.6M | $3.6M | ||
| Q3 25 | $16.3M | $460.0K | ||
| Q2 25 | $14.5M | $-7.7M | ||
| Q1 25 | $13.1M | $-9.0M | ||
| Q4 24 | $13.3M | $-12.5M | ||
| Q3 24 | $10.9M | $-33.8M | ||
| Q2 24 | $10.8M | $-16.7M |
毛利率FSBCPLBY
| Q1 26 | — | — | ||
| Q4 25 | — | 73.3% | ||
| Q3 25 | — | 76.0% | ||
| Q2 25 | — | 65.4% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | — | 70.8% | ||
| Q3 24 | — | 61.0% | ||
| Q2 24 | — | 67.8% |
营业利润率FSBCPLBY
| Q1 26 | — | — | ||
| Q4 25 | 52.9% | 7.9% | ||
| Q3 25 | 53.8% | 4.7% | ||
| Q2 25 | 52.4% | -20.9% | ||
| Q1 25 | 52.0% | -21.7% | ||
| Q4 24 | 55.1% | -13.3% | ||
| Q3 24 | 48.0% | -96.0% | ||
| Q2 24 | 49.4% | -37.0% |
净利率FSBCPLBY
| Q1 26 | 41.3% | — | ||
| Q4 25 | 40.6% | 10.3% | ||
| Q3 25 | 39.6% | 1.6% | ||
| Q2 25 | 37.9% | -27.3% | ||
| Q1 25 | 37.1% | -31.3% | ||
| Q4 24 | 37.9% | -37.4% | ||
| Q3 24 | 34.4% | -114.7% | ||
| Q2 24 | 35.2% | -66.9% |
每股收益（稀释后）FSBCPLBY
| Q1 26 | $0.87 | — | ||
| Q4 25 | $0.83 | $0.05 | ||
| Q3 25 | $0.77 | $0.00 | ||
| Q2 25 | $0.68 | $-0.08 | ||
| Q1 25 | $0.62 | $-0.10 | ||
| Q4 24 | $0.61 | $-0.13 | ||
| Q3 24 | $0.52 | $-0.45 | ||
| Q2 24 | $0.51 | $-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 | $644.4M | $37.8M |
| 总债务越低越好 | — | $174.2M |
| 股东权益账面价值 | $458.5M | $18.4M |
| 总资产 | $5.0B | $292.4M |
| 负债/权益比越低杠杆越低 | — | 9.48× |
8季度趋势，按日历期对齐
现金及短期投资FSBCPLBY
| Q1 26 | $644.4M | — | ||
| Q4 25 | — | $37.8M | ||
| Q3 25 | — | $27.5M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $30.9M | ||
| Q3 24 | — | $9.5M | ||
| Q2 24 | — | $16.9M |
总债务FSBCPLBY
| Q1 26 | — | — | ||
| Q4 25 | — | $174.2M | ||
| Q3 25 | — | $176.8M | ||
| Q2 25 | — | $177.5M | ||
| Q1 25 | — | $176.3M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $200.0M | ||
| Q2 24 | — | $196.3M |
股东权益FSBCPLBY
| Q1 26 | $458.5M | — | ||
| Q4 25 | $445.8M | $18.4M | ||
| Q3 25 | $431.3M | $3.8M | ||
| Q2 25 | $416.7M | $-17.5M | ||
| Q1 25 | $406.5M | $-11.4M | ||
| Q4 24 | $396.6M | $-7.7M | ||
| Q3 24 | $389.9M | $-15.7M | ||
| Q2 24 | $380.5M | $15.7M |
总资产FSBCPLBY
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.8B | $292.4M | ||
| Q3 25 | $4.6B | $278.3M | ||
| Q2 25 | $4.4B | $264.1M | ||
| Q1 25 | $4.2B | $270.6M | ||
| Q4 24 | $4.1B | $284.7M | ||
| Q3 24 | $3.9B | $271.5M | ||
| Q2 24 | $3.6B | $301.8M |
负债/权益比FSBCPLBY
| Q1 26 | — | — | ||
| Q4 25 | — | 9.48× | ||
| Q3 25 | — | 46.86× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.51× |
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 | — | $1.4M |
| 自由现金流经营现金流 - 资本支出 | — | $1.1M |
| 自由现金流率自由现金流/营收 | — | 3.2% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | — | 0.39× |
| 过去12个月自由现金流最近4个季度 | — | $-1.0M |
8季度趋势，按日历期对齐
经营现金流FSBCPLBY
| Q1 26 | — | — | ||
| Q4 25 | $72.6M | $1.4M | ||
| Q3 25 | $18.8M | $10.1M | ||
| Q2 25 | $17.8M | $-3.9M | ||
| Q1 25 | $15.5M | $-7.6M | ||
| Q4 24 | $51.8M | $161.0K | ||
| Q3 24 | $17.5M | $-6.5M | ||
| Q2 24 | $16.0M | $-3.0M |
自由现金流FSBCPLBY
| Q1 26 | — | — | ||
| Q4 25 | $71.4M | $1.1M | ||
| Q3 25 | $18.6M | $9.8M | ||
| Q2 25 | $17.5M | $-4.3M | ||
| Q1 25 | $15.4M | $-7.7M | ||
| Q4 24 | $51.2M | $-401.0K | ||
| Q3 24 | $17.3M | $-7.0M | ||
| Q2 24 | $15.8M | $-3.7M |
自由现金流率FSBCPLBY
| Q1 26 | — | — | ||
| Q4 25 | 164.3% | 3.2% | ||
| Q3 25 | 45.0% | 33.8% | ||
| Q2 25 | 45.8% | -15.2% | ||
| Q1 25 | 43.5% | -26.5% | ||
| Q4 24 | 145.5% | -1.2% | ||
| Q3 24 | 54.5% | -23.7% | ||
| Q2 24 | 51.6% | -14.8% |
资本支出强度FSBCPLBY
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 0.8% | ||
| Q3 25 | 0.5% | 1.1% | ||
| Q2 25 | 0.6% | 1.4% | ||
| Q1 25 | 0.3% | 0.1% | ||
| Q4 24 | 1.8% | 1.7% | ||
| Q3 24 | 0.7% | 1.5% | ||
| Q2 24 | 0.7% | 2.6% |
现金转化率FSBCPLBY
| Q1 26 | — | — | ||
| Q4 25 | 4.12× | 0.39× | ||
| Q3 25 | 1.15× | 22.02× | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.18× | — | ||
| Q4 24 | 3.89× | — | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.49× | — |
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
FSBC
| Net Interest Income | $43.5M | 96% |
| Noninterest Income | $1.6M | 4% |
PLBY
| Transferred At Point In Time | $22.2M | 64% |
| Trademark Licensing | $6.5M | 19% |
| Related Party | $5.0M | 14% |
| Other | $1.1M | 3% |
