vs
自由媒体集团（FWONA）与Newsmax Inc.（NMAX）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Newsmax Inc.的30.8倍（$1.6B vs $52.2M）。自由媒体集团净利率更高（20.7% vs -5.7%，领先26.4%）。自由媒体集团自由现金流更多（$62.0M vs $1.8M）
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。
纽斯马克斯公司是一家总部位于美国的媒体广播企业，提供新闻报道、政治评论、观点内容及生活类节目，通过有线电视、官网、移动应用和流媒体平台分发内容，主要面向美国本土受众，核心内容板块侧重保守立场的时事资讯。
FWONA vs NMAX — 直观对比
营收规模更大
FWONA
是对方的30.8倍
$52.2M
净利率更高
FWONA
高出26.4%
-5.7%
自由现金流更多
FWONA
多$60.2M
$1.8M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $52.2M |
| 净利润 | $333.0M | $-3.0M |
| 毛利率 | — | 36.7% |
| 营业利润率 | 14.0% | -9.0% |
| 净利率 | 20.7% | -5.7% |
| 营收同比 | 150.7% | — |
| 净利润同比 | 193.8% | — |
| 每股收益（稀释后） | — | $0.15 |
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FWONANMAX
| Q4 25 | $1.6B | $52.2M | ||
| Q3 25 | $1.1B | $45.3M | ||
| Q2 25 | $1.3B | $46.4M | ||
| Q1 25 | $447.0M | $45.3M | ||
| Q4 24 | $-3.2B | — | ||
| Q3 24 | $911.0M | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $2.7B | — |
净利润FWONANMAX
| Q4 25 | $333.0M | $-3.0M | ||
| Q3 25 | $13.0M | $-4.1M | ||
| Q2 25 | $204.0M | $-75.2M | ||
| Q1 25 | $5.0M | $-17.2M | ||
| Q4 24 | $-355.0M | — | ||
| Q3 24 | $-2.4B | — | ||
| Q2 24 | $457.0M | — | ||
| Q1 24 | $203.0M | — |
毛利率FWONANMAX
| Q4 25 | — | 36.7% | ||
| Q3 25 | — | 35.3% | ||
| Q2 25 | — | 38.0% | ||
| Q1 25 | — | 47.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率FWONANMAX
| Q4 25 | 14.0% | -9.0% | ||
| Q3 25 | 13.7% | -15.9% | ||
| Q2 25 | 20.4% | -164.5% | ||
| Q1 25 | -15.9% | -25.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 16.7% | — | ||
| Q1 24 | 18.3% | — |
净利率FWONANMAX
| Q4 25 | 20.7% | -5.7% | ||
| Q3 25 | 1.2% | -9.1% | ||
| Q2 25 | 15.2% | -161.9% | ||
| Q1 25 | 1.1% | -38.0% | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | -259.9% | — | ||
| Q2 24 | 14.4% | — | ||
| Q1 24 | 7.4% | — |
每股收益（稀释后）FWONANMAX
| Q4 25 | — | $0.15 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.59 | ||
| Q1 25 | — | $-0.49 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $20.4M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.8B | $106.0M |
| 总资产 | $15.4B | $239.8M |
| 负债/权益比越低杠杆越低 | 0.66× | — |
8季度趋势，按日历期对齐
现金及短期投资FWONANMAX
| Q4 25 | $1.1B | $20.4M | ||
| Q3 25 | $1.6B | $14.2M | ||
| Q2 25 | $3.4B | $33.8M | ||
| Q1 25 | $3.1B | $126.7M | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $1.7B | — |
总债务FWONANMAX
| Q4 25 | $5.1B | — | ||
| Q3 25 | $7.0B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $15.0B | — | ||
| Q1 24 | $15.4B | — |
股东权益FWONANMAX
| Q4 25 | $7.8B | $106.0M | ||
| Q3 25 | $7.4B | $106.0M | ||
| Q2 25 | $7.3B | $106.9M | ||
| Q1 25 | $7.0B | $177.4M | ||
| Q4 24 | $7.0B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $17.1B | — | ||
| Q1 24 | $16.6B | — |
总资产FWONANMAX
| Q4 25 | $15.4B | $239.8M | ||
| Q3 25 | $17.8B | $233.3M | ||
| Q2 25 | $13.8B | $259.8M | ||
| Q1 25 | $13.3B | $278.2M | ||
| Q4 24 | $12.9B | — | ||
| Q3 24 | $13.2B | — | ||
| Q2 24 | $42.6B | — | ||
| Q1 24 | $42.4B | — |
负债/权益比FWONANMAX
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.95× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.65× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.88× | — | ||
| Q1 24 | 0.93× | — |
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 | $2.6M |
| 自由现金流经营现金流 - 资本支出 | $62.0M | $1.8M |
| 自由现金流率自由现金流/营收 | 3.9% | 3.4% |
| 资本支出强度资本支出/营收 | 3.8% | 1.7% |
| 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 | $-107.1M |
8季度趋势，按日历期对齐
经营现金流FWONANMAX
| Q4 25 | $123.0M | $2.6M | ||
| Q3 25 | $173.0M | $-68.1M | ||
| Q2 25 | $231.0M | $-23.2M | ||
| Q1 25 | $381.0M | $-15.7M | ||
| Q4 24 | $-23.0M | — | ||
| Q3 24 | $182.0M | — | ||
| Q2 24 | $752.0M | — | ||
| Q1 24 | $395.0M | — |
自由现金流FWONANMAX
| Q4 25 | $62.0M | $1.8M | ||
| Q3 25 | $170.0M | $-69.2M | ||
| Q2 25 | $209.0M | $-23.8M | ||
| Q1 25 | $348.0M | $-15.8M | ||
| Q4 24 | $-46.0M | — | ||
| Q3 24 | $-153.0M | — | ||
| Q2 24 | $566.0M | — | ||
| Q1 24 | $194.0M | — |
自由现金流率FWONANMAX
| Q4 25 | 3.9% | 3.4% | ||
| Q3 25 | 15.7% | -152.9% | ||
| Q2 25 | 15.6% | -51.3% | ||
| Q1 25 | 77.9% | -34.9% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | -16.8% | — | ||
| Q2 24 | 17.9% | — | ||
| Q1 24 | 7.1% | — |
资本支出强度FWONANMAX
| Q4 25 | 3.8% | 1.7% | ||
| Q3 25 | 0.3% | 2.4% | ||
| Q2 25 | 1.6% | 1.3% | ||
| Q1 25 | 7.4% | 0.2% | ||
| Q4 24 | -0.7% | — | ||
| Q3 24 | 36.8% | — | ||
| Q2 24 | 5.9% | — | ||
| Q1 24 | 7.3% | — |
现金转化率FWONANMAX
| Q4 25 | 0.37× | — | ||
| Q3 25 | 13.31× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | 76.20× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.65× | — | ||
| Q1 24 | 1.95× | — |
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% |
NMAX
| Advertising | $33.9M | 65% |
| Affiliate Fee | $8.3M | 16% |
| Subscription And Circulation | $6.2M | 12% |
| Products | $2.6M | 5% |
| Supplement Sales | $1.1M | 2% |
