vs
自由媒体集团（FWONA）与GRAY MEDIA, INC（GTN）财务数据对比。点击上方公司名可切换其他公司
自由媒体集团的季度营收约是GRAY MEDIA, INC的2.0倍（$1.6B vs $792.0M）。自由媒体集团净利率更高（20.7% vs -1.3%，领先22.0%）。自由媒体集团同比增速更快（150.7% vs -24.2%）。GRAY MEDIA, INC自由现金流更多（$69.0M vs $62.0M）。过去两年GRAY MEDIA, INC的营收复合增速更高（-1.9% vs -23.5%）
自由媒体集团是1991年由约翰·C·马龙创立的美国大型传媒企业，旗下设有两大对应独立追踪股票的业务板块，持有一级方程式集团和Live Nation Entertainment的股权，截至2025年拥有F1、世界摩托车锦标赛、世界超级摩托车锦标赛三项全球顶级赛车运动IP及运营业务。
格雷传媒是总部位于美国亚特兰大的上市电视广播企业，1946年由詹姆斯·哈里森·格雷创立，按电视台数量计算目前是美国第三大电视台运营商，在美国113个传媒市场拥有或运营180家电视台，覆盖范围从亚特兰大这样的大型市场到内布拉斯加州北普拉特这类小型市场。
FWONA vs GTN — 直观对比
营收规模更大
FWONA
是对方的2.0倍
$792.0M
营收增速更快
FWONA
高出174.9%
-24.2%
净利率更高
FWONA
高出22.0%
-1.3%
自由现金流更多
GTN
多$7.0M
$62.0M
两年增速更快
GTN
近两年复合增速
-23.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $792.0M |
| 净利润 | $333.0M | $-10.0M |
| 毛利率 | — | — |
| 营业利润率 | 14.0% | 14.6% |
| 净利率 | 20.7% | -1.3% |
| 营收同比 | 150.7% | -24.2% |
| 净利润同比 | 193.8% | -105.9% |
| 每股收益（稀释后） | — | $-0.23 |
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FWONAGTN
| Q4 25 | $1.6B | $792.0M | ||
| Q3 25 | $1.1B | $749.0M | ||
| Q2 25 | $1.3B | $772.0M | ||
| Q1 25 | $447.0M | $782.0M | ||
| Q4 24 | $-3.2B | $1.0B | ||
| Q3 24 | $911.0M | $950.0M | ||
| Q2 24 | $3.2B | $826.0M | ||
| Q1 24 | $2.7B | $823.0M |
净利润FWONAGTN
| Q4 25 | $333.0M | $-10.0M | ||
| Q3 25 | $13.0M | $-10.0M | ||
| Q2 25 | $204.0M | $-56.0M | ||
| Q1 25 | $5.0M | $-9.0M | ||
| Q4 24 | $-355.0M | $169.0M | ||
| Q3 24 | $-2.4B | $96.0M | ||
| Q2 24 | $457.0M | $22.0M | ||
| Q1 24 | $203.0M | $88.0M |
营业利润率FWONAGTN
| Q4 25 | 14.0% | 14.6% | ||
| Q3 25 | 13.7% | 13.6% | ||
| Q2 25 | 20.4% | 10.6% | ||
| Q1 25 | -15.9% | 11.8% | ||
| Q4 24 | — | 31.1% | ||
| Q3 24 | 11.7% | 26.3% | ||
| Q2 24 | 16.7% | 18.4% | ||
| Q1 24 | 18.3% | 15.1% |
净利率FWONAGTN
| Q4 25 | 20.7% | -1.3% | ||
| Q3 25 | 1.2% | -1.3% | ||
| Q2 25 | 15.2% | -7.3% | ||
| Q1 25 | 1.1% | -1.2% | ||
| Q4 24 | 11.2% | 16.2% | ||
| Q3 24 | -259.9% | 10.1% | ||
| Q2 24 | 14.4% | 2.7% | ||
| Q1 24 | 7.4% | 10.7% |
每股收益（稀释后）FWONAGTN
| Q4 25 | — | $-0.23 | ||
| Q3 25 | — | $-0.24 | ||
| Q2 25 | — | $-0.71 | ||
| Q1 25 | — | $-0.23 | ||
| Q4 24 | — | $1.62 | ||
| Q3 24 | — | $0.86 | ||
| Q2 24 | — | $0.09 | ||
| Q1 24 | — | $0.79 |
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 | $1.1B | $368.0M |
| 总债务越低越好 | $5.1B | $5.7B |
| 股东权益账面价值 | $7.8B | $2.2B |
| 总资产 | $15.4B | $10.4B |
| 负债/权益比越低杠杆越低 | 0.66× | 2.65× |
8季度趋势，按日历期对齐
现金及短期投资FWONAGTN
| Q4 25 | $1.1B | $368.0M | ||
| Q3 25 | $1.6B | $182.0M | ||
| Q2 25 | $3.4B | $199.0M | ||
| Q1 25 | $3.1B | $210.0M | ||
| Q4 24 | $3.0B | $135.0M | ||
| Q3 24 | $3.1B | $69.0M | ||
| Q2 24 | $2.1B | $75.0M | ||
| Q1 24 | $1.7B | $134.0M |
总债务FWONAGTN
| Q4 25 | $5.1B | $5.7B | ||
| Q3 25 | $7.0B | $5.6B | ||
| Q2 25 | $4.8B | $5.6B | ||
| Q1 25 | $4.6B | $5.6B | ||
| Q4 24 | $4.5B | $5.5B | ||
| Q3 24 | $4.4B | $5.9B | ||
| Q2 24 | $15.0B | $6.1B | ||
| Q1 24 | $15.4B | $6.2B |
股东权益FWONAGTN
| Q4 25 | $7.8B | $2.2B | ||
| Q3 25 | $7.4B | $2.2B | ||
| Q2 25 | $7.3B | $2.2B | ||
| Q1 25 | $7.0B | $2.3B | ||
| Q4 24 | $7.0B | $2.3B | ||
| Q3 24 | $7.4B | $2.1B | ||
| Q2 24 | $17.1B | $2.1B | ||
| Q1 24 | $16.6B | $2.0B |
总资产FWONAGTN
| Q4 25 | $15.4B | $10.4B | ||
| Q3 25 | $17.8B | $10.3B | ||
| Q2 25 | $13.8B | $10.4B | ||
| Q1 25 | $13.3B | $10.4B | ||
| Q4 24 | $12.9B | $10.5B | ||
| Q3 24 | $13.2B | $10.6B | ||
| Q2 24 | $42.6B | $10.6B | ||
| Q1 24 | $42.4B | $10.7B |
负债/权益比FWONAGTN
| Q4 25 | 0.66× | 2.65× | ||
| Q3 25 | 0.95× | 2.59× | ||
| Q2 25 | 0.65× | 2.57× | ||
| Q1 25 | 0.65× | 2.48× | ||
| Q4 24 | 0.65× | 2.41× | ||
| Q3 24 | 0.59× | 2.77× | ||
| Q2 24 | 0.88× | 2.97× | ||
| Q1 24 | 0.93× | 3.02× |
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 | $123.0M | $112.0M |
| 自由现金流经营现金流 - 资本支出 | $62.0M | $69.0M |
| 自由现金流率自由现金流/营收 | 3.9% | 8.7% |
| 资本支出强度资本支出/营收 | 3.8% | 5.4% |
| 现金转化率经营现金流/净利润 | 0.37× | — |
| 过去12个月自由现金流最近4个季度 | $789.0M | $181.0M |
8季度趋势，按日历期对齐
经营现金流FWONAGTN
| Q4 25 | $123.0M | $112.0M | ||
| Q3 25 | $173.0M | $14.0M | ||
| Q2 25 | $231.0M | $31.0M | ||
| Q1 25 | $381.0M | $132.0M | ||
| Q4 24 | $-23.0M | $368.0M | ||
| Q3 24 | $182.0M | $297.0M | ||
| Q2 24 | $752.0M | $18.0M | ||
| Q1 24 | $395.0M | $68.0M |
自由现金流FWONAGTN
| Q4 25 | $62.0M | $69.0M | ||
| Q3 25 | $170.0M | $-11.0M | ||
| Q2 25 | $209.0M | $6.0M | ||
| Q1 25 | $348.0M | $117.0M | ||
| Q4 24 | $-46.0M | $328.0M | ||
| Q3 24 | $-153.0M | $257.0M | ||
| Q2 24 | $566.0M | $-11.0M | ||
| Q1 24 | $194.0M | $34.0M |
自由现金流率FWONAGTN
| Q4 25 | 3.9% | 8.7% | ||
| Q3 25 | 15.7% | -1.5% | ||
| Q2 25 | 15.6% | 0.8% | ||
| Q1 25 | 77.9% | 15.0% | ||
| Q4 24 | 1.4% | 31.4% | ||
| Q3 24 | -16.8% | 27.1% | ||
| Q2 24 | 17.9% | -1.3% | ||
| Q1 24 | 7.1% | 4.1% |
资本支出强度FWONAGTN
| Q4 25 | 3.8% | 5.4% | ||
| Q3 25 | 0.3% | 3.3% | ||
| Q2 25 | 1.6% | 3.2% | ||
| Q1 25 | 7.4% | 1.9% | ||
| Q4 24 | -0.7% | 3.8% | ||
| Q3 24 | 36.8% | 4.2% | ||
| Q2 24 | 5.9% | 3.5% | ||
| Q1 24 | 7.3% | 4.1% |
现金转化率FWONAGTN
| Q4 25 | 0.37× | — | ||
| Q3 25 | 13.31× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | 76.20× | — | ||
| Q4 24 | — | 2.18× | ||
| Q3 24 | — | 3.09× | ||
| Q2 24 | 1.65× | 0.82× | ||
| Q1 24 | 1.95× | 0.77× |
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
FWONA
| Formula One | $1.4B | 87% |
| Product Service Or Other | $131.0M | 8% |
| Other | $77.0M | 5% |
GTN
| Core Advertising | $392.0M | 49% |
| Retransmission Consent | $335.0M | 42% |
| Production Companies Segment | $37.0M | 5% |
| Service Other | $16.0M | 2% |
| Political Advertising | $12.0M | 2% |
