vs
FuboTV Inc.（FUBO）与Paychex（PAYX）财务数据对比。点击上方公司名可切换其他公司
FuboTV Inc.的季度营收约是Paychex的1.0倍（$1.5B vs $1.5B），Paychex净利率更高（26.3% vs -0.4%，领先26.7%），FuboTV Inc.同比增速更快（249.4% vs 17.4%），Paychex自由现金流更多（$382.8M vs $-200.8M），过去两年FuboTV Inc.的营收复合增速更高（94.3% vs 3.8%）
FuboTV Inc.（简称Fubo）是源自美国的互联网体育流媒体服务商，业务覆盖美国、加拿大与西班牙地区。该平台主打各类直播体育内容，可提供英超、NFL、MLB、NBA、NHL、MLS等各大主流顶级体育赛事转播，同时也涵盖新闻、剧集等综合影视娱乐内容。
Paychex是美国知名人力资源服务提供商，1971年成立，总部位于纽约州罗切斯特，面向中小微企业提供薪资管理、人力资源外包、员工福利外包等服务。目前在美欧地区拥有超100个办事处，服务约80万家薪资客户，位列《财富》500强第681位。
FUBO vs PAYX — 直观对比
营收规模更大
FUBO
是对方的1.0倍
$1.5B
营收增速更快
FUBO
高出232.0%
17.4%
净利率更高
PAYX
高出26.7%
-0.4%
自由现金流更多
PAYX
多$583.6M
$-200.8M
两年增速更快
FUBO
近两年复合增速
3.8%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.5B |
| 净利润 | $-6.0M | $395.4M |
| 毛利率 | — | 72.6% |
| 营业利润率 | -1.3% | 38.0% |
| 净利率 | -0.4% | 26.3% |
| 营收同比 | 249.4% | 17.4% |
| 净利润同比 | 84.5% | -4.4% |
| 每股收益（稀释后） | $-0.02 | $1.10 |
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FUBOPAYX
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $377.2M | $1.5B | ||
| Q2 25 | $380.0M | $1.4B | ||
| Q1 25 | $416.3M | $1.5B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $386.2M | $1.3B | ||
| Q2 24 | $391.0M | $1.3B | ||
| Q1 24 | $402.3M | $1.4B |
净利润FUBOPAYX
| Q4 25 | $-6.0M | $395.4M | ||
| Q3 25 | $-18.9M | $383.8M | ||
| Q2 25 | $-8.0M | $297.2M | ||
| Q1 25 | $188.5M | $519.3M | ||
| Q4 24 | — | $413.4M | ||
| Q3 24 | $-52.4M | $427.4M | ||
| Q2 24 | $-25.3M | $379.9M | ||
| Q1 24 | $-56.0M | $498.6M |
毛利率FUBOPAYX
| Q4 25 | — | 72.6% | ||
| Q3 25 | — | 72.3% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 73.6% | ||
| Q4 24 | — | 70.4% | ||
| Q3 24 | — | 70.3% | ||
| Q2 24 | — | 70.1% | ||
| Q1 24 | — | 72.8% |
营业利润率FUBOPAYX
| Q4 25 | -1.3% | 38.0% | ||
| Q3 25 | -5.3% | 36.3% | ||
| Q2 25 | -1.6% | 31.2% | ||
| Q1 25 | -6.1% | 47.2% | ||
| Q4 24 | — | 42.0% | ||
| Q3 24 | -15.2% | 42.7% | ||
| Q2 24 | -9.1% | 38.3% | ||
| Q1 24 | -15.7% | 46.6% |
净利率FUBOPAYX
| Q4 25 | -0.4% | 26.3% | ||
| Q3 25 | -5.0% | 25.7% | ||
| Q2 25 | -2.1% | 21.5% | ||
| Q1 25 | 45.3% | 35.4% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | -13.6% | 33.4% | ||
| Q2 24 | -6.5% | 30.2% | ||
| Q1 24 | -13.9% | 35.7% |
每股收益（稀释后）FUBOPAYX
| Q4 25 | $-0.02 | $1.10 | ||
| Q3 25 | $-0.06 | $1.06 | ||
| Q2 25 | $-0.02 | $0.83 | ||
| Q1 25 | $0.55 | $1.43 | ||
| Q4 24 | — | $1.14 | ||
| Q3 24 | $-0.16 | $1.18 | ||
| Q2 24 | $-0.08 | $1.05 | ||
| Q1 24 | $-0.19 | $1.38 |
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 | $452.4M | $1.5B |
| 总债务越低越好 | — | $5.0B |
| 股东权益账面价值 | $275.5M | $3.9B |
| 总资产 | $4.1B | $16.5B |
| 负债/权益比越低杠杆越低 | — | 1.28× |
8季度趋势，按日历期对齐
现金及短期投资FUBOPAYX
| Q4 25 | $452.4M | $1.5B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $283.6M | $1.7B | ||
| Q1 25 | $321.6M | $1.6B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $146.2M | $1.5B | ||
| Q2 24 | $155.2M | $1.5B | ||
| Q1 24 | $168.9M | $1.7B |
总债务FUBOPAYX
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $798.6M | ||
| Q1 24 | — | — |
股东权益FUBOPAYX
| Q4 25 | $275.5M | $3.9B | ||
| Q3 25 | $915.3M | $4.0B | ||
| Q2 25 | $400.4M | $4.1B | ||
| Q1 25 | $389.0M | $4.1B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | $905.3M | $3.9B | ||
| Q2 24 | $254.2M | $3.8B | ||
| Q1 24 | $236.1M | $3.7B |
总资产FUBOPAYX
| Q4 25 | $4.1B | $16.5B | ||
| Q3 25 | $1.3B | $16.7B | ||
| Q2 25 | $1.2B | $16.6B | ||
| Q1 25 | $1.2B | $11.2B | ||
| Q4 24 | — | $10.6B | ||
| Q3 24 | $1.1B | $10.5B | ||
| Q2 24 | $1.1B | $10.4B | ||
| Q1 24 | $1.1B | $13.0B |
负债/权益比FUBOPAYX
| Q4 25 | — | 1.28× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | — |
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 | $-200.3M | $444.9M |
| 自由现金流经营现金流 - 资本支出 | $-200.8M | $382.8M |
| 自由现金流率自由现金流/营收 | -13.0% | 25.5% |
| 资本支出强度资本支出/营收 | 0.0% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $-81.3M | $2.0B |
8季度趋势，按日历期对齐
经营现金流FUBOPAYX
| Q4 25 | $-200.3M | $444.9M | ||
| Q3 25 | $-6.5M | $718.4M | ||
| Q2 25 | $-34.6M | $343.8M | ||
| Q1 25 | $161.4M | $716.0M | ||
| Q4 24 | — | $295.0M | ||
| Q3 24 | $235.0K | $546.1M | ||
| Q2 24 | $-32.3M | $221.7M | ||
| Q1 24 | $-67.3M | $671.7M |
自由现金流FUBOPAYX
| Q4 25 | $-200.8M | $382.8M | ||
| Q3 25 | $-6.5M | $662.5M | ||
| Q2 25 | $-35.0M | $283.3M | ||
| Q1 25 | $161.1M | $667.3M | ||
| Q4 24 | — | $248.0M | ||
| Q3 24 | $-1.3M | $510.5M | ||
| Q2 24 | $-32.5M | $180.4M | ||
| Q1 24 | $-67.4M | $631.0M |
自由现金流率FUBOPAYX
| Q4 25 | -13.0% | 25.5% | ||
| Q3 25 | -1.7% | 44.4% | ||
| Q2 25 | -9.2% | 20.5% | ||
| Q1 25 | 38.7% | 45.5% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | -0.3% | 39.9% | ||
| Q2 24 | -8.3% | 14.4% | ||
| Q1 24 | -16.7% | 45.2% |
资本支出强度FUBOPAYX
| Q4 25 | 0.0% | 4.1% | ||
| Q3 25 | 0.0% | 3.7% | ||
| Q2 25 | 0.1% | 4.4% | ||
| Q1 25 | 0.1% | 3.3% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 0.4% | 2.8% | ||
| Q2 24 | 0.1% | 3.3% | ||
| Q1 24 | 0.0% | 2.9% |
现金转化率FUBOPAYX
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.87× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | 0.86× | 1.38× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 0.58× | ||
| Q1 24 | — | 1.35× |
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
FUBO
| Related Party | $1.2B | 75% |
| Subscription And Advertising | $377.9M | 24% |
PAYX
| Management Solutions | $1.2B | 78% |
| Peo And Insurance Solutions | $336.9M | 22% |
