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自由媒体集团（FWONA）与PENN Entertainment, Inc.（PENN）财务数据对比。点击上方公司名可切换其他公司
PENN Entertainment, Inc.的季度营收约是自由媒体集团的1.1倍（$1.8B vs $1.6B），自由媒体集团净利率更高（20.7% vs -0.2%，领先20.9%），自由媒体集团同比增速更快（150.7% vs 6.4%），过去两年PENN Entertainment, Inc.的营收复合增速更高（3.4% 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。
Penn Entertainment, Inc.（前称宾州国家博彩）是美国知名娱乐企业，业务涵盖综合娱乐运营、体育内容供给及赌场博彩服务，旗下运营好莱坞赌场、Ameristar、Boomtown等品牌，在全美20个州拥有43处经营场所，同时持有加拿大数字媒体企业Score Media and Gaming的所有权。
FWONA vs PENN — 直观对比
营收规模更大
PENN
是对方的1.1倍
$1.6B
营收增速更快
FWONA
高出144.3%
6.4%
净利率更高
FWONA
高出20.9%
-0.2%
两年增速更快
PENN
近两年复合增速
-23.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.8B |
| 净利润 | $333.0M | $-2.8M |
| 毛利率 | — | — |
| 营业利润率 | 14.0% | 5.5% |
| 净利率 | 20.7% | -0.2% |
| 营收同比 | 150.7% | 6.4% |
| 净利润同比 | 193.8% | 66.7% |
| 每股收益（稀释后） | — | $-0.02 |
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FWONAPENN
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $447.0M | $1.7B | ||
| Q4 24 | $-3.2B | $1.7B | ||
| Q3 24 | $911.0M | $1.6B | ||
| Q2 24 | $3.2B | $1.7B |
净利润FWONAPENN
| Q1 26 | — | $-2.8M | ||
| Q4 25 | $333.0M | $-72.9M | ||
| Q3 25 | $13.0M | $-864.6M | ||
| Q2 25 | $204.0M | $-17.4M | ||
| Q1 25 | $5.0M | $111.8M | ||
| Q4 24 | $-355.0M | $-133.3M | ||
| Q3 24 | $-2.4B | $-36.7M | ||
| Q2 24 | $457.0M | $-26.8M |
营业利润率FWONAPENN
| Q1 26 | — | 5.5% | ||
| Q4 25 | 14.0% | -1.0% | ||
| Q3 25 | 13.7% | -45.2% | ||
| Q2 25 | 20.4% | 4.4% | ||
| Q1 25 | -15.9% | 2.6% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | 11.7% | 4.1% | ||
| Q2 24 | 16.7% | 4.5% |
净利率FWONAPENN
| Q1 26 | — | -0.2% | ||
| Q4 25 | 20.7% | -4.0% | ||
| Q3 25 | 1.2% | -50.3% | ||
| Q2 25 | 15.2% | -1.0% | ||
| Q1 25 | 1.1% | 6.7% | ||
| Q4 24 | 11.2% | -8.0% | ||
| Q3 24 | -259.9% | -2.2% | ||
| Q2 24 | 14.4% | -1.6% |
每股收益（稀释后）FWONAPENN
| Q1 26 | — | $-0.02 | ||
| Q4 25 | — | $-0.36 | ||
| Q3 25 | — | $-6.03 | ||
| Q2 25 | — | $-0.12 | ||
| Q1 25 | — | $0.68 | ||
| Q4 24 | — | $-0.87 | ||
| Q3 24 | — | $-0.24 | ||
| Q2 24 | — | $-0.18 |
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 | $708.0M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.8B | — |
| 总资产 | $15.4B | — |
| 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FWONAPENN
| Q1 26 | — | $708.0M | ||
| Q4 25 | $1.1B | $686.6M | ||
| Q3 25 | $1.6B | $660.1M | ||
| Q2 25 | $3.4B | $671.6M | ||
| Q1 25 | $3.1B | $591.6M | ||
| Q4 24 | $3.0B | $706.6M | ||
| Q3 24 | $3.1B | $834.0M | ||
| Q2 24 | $2.1B | $877.6M |
总债务FWONAPENN
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | $2.9B | ||
| Q3 25 | $7.0B | $2.9B | ||
| Q2 25 | $4.8B | $2.8B | ||
| Q1 25 | $4.6B | $2.6B | ||
| Q4 24 | $4.5B | $2.8B | ||
| Q3 24 | $4.4B | $2.8B | ||
| Q2 24 | $15.0B | $2.8B |
股东权益FWONAPENN
| Q1 26 | — | — | ||
| Q4 25 | $7.8B | $1.8B | ||
| Q3 25 | $7.4B | $2.0B | ||
| Q2 25 | $7.3B | $3.0B | ||
| Q1 25 | $7.0B | $3.0B | ||
| Q4 24 | $7.0B | $2.9B | ||
| Q3 24 | $7.4B | $3.1B | ||
| Q2 24 | $17.1B | $3.1B |
总资产FWONAPENN
| Q1 26 | — | — | ||
| Q4 25 | $15.4B | $14.3B | ||
| Q3 25 | $17.8B | $14.3B | ||
| Q2 25 | $13.8B | $15.2B | ||
| Q1 25 | $13.3B | $15.1B | ||
| Q4 24 | $12.9B | $15.3B | ||
| Q3 24 | $13.2B | $15.5B | ||
| Q2 24 | $42.6B | $15.5B |
负债/权益比FWONAPENN
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | 1.58× | ||
| Q3 25 | 0.95× | 1.46× | ||
| Q2 25 | 0.65× | 0.94× | ||
| Q1 25 | 0.65× | 0.89× | ||
| Q4 24 | 0.65× | 0.98× | ||
| Q3 24 | 0.59× | 0.91× | ||
| Q2 24 | 0.88× | 0.91× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $62.0M | — |
| 自由现金流率自由现金流/营收 | 3.9% | — |
| 资本支出强度资本支出/营收 | 3.8% | 5.3% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流FWONAPENN
| Q1 26 | — | — | ||
| Q4 25 | $123.0M | $107.2M | ||
| Q3 25 | $173.0M | $180.9M | ||
| Q2 25 | $231.0M | $178.2M | ||
| Q1 25 | $381.0M | $41.9M | ||
| Q4 24 | $-23.0M | $102.9M | ||
| Q3 24 | $182.0M | $174.7M | ||
| Q2 24 | $752.0M | $150.4M |
自由现金流FWONAPENN
| Q1 26 | — | — | ||
| Q4 25 | $62.0M | $-83.2M | ||
| Q3 25 | $170.0M | $8.2M | ||
| Q2 25 | $209.0M | $18.8M | ||
| Q1 25 | $348.0M | $-83.3M | ||
| Q4 24 | $-46.0M | $-118.1M | ||
| Q3 24 | $-153.0M | $42.6M | ||
| Q2 24 | $566.0M | $62.2M |
自由现金流率FWONAPENN
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | -4.6% | ||
| Q3 25 | 15.7% | 0.5% | ||
| Q2 25 | 15.6% | 1.1% | ||
| Q1 25 | 77.9% | -5.0% | ||
| Q4 24 | 1.4% | -7.1% | ||
| Q3 24 | -16.8% | 2.6% | ||
| Q2 24 | 17.9% | 3.7% |
资本支出强度FWONAPENN
| Q1 26 | — | 5.3% | ||
| Q4 25 | 3.8% | 10.5% | ||
| Q3 25 | 0.3% | 10.1% | ||
| Q2 25 | 1.6% | 9.0% | ||
| Q1 25 | 7.4% | 7.5% | ||
| Q4 24 | -0.7% | 13.2% | ||
| Q3 24 | 36.8% | 8.1% | ||
| Q2 24 | 5.9% | 5.3% |
现金转化率FWONAPENN
| Q1 26 | — | — | ||
| Q4 25 | 0.37× | — | ||
| Q3 25 | 13.31× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | 76.20× | 0.37× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.65× | — |
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% |
PENN
| Northeast segment (1) | $687.1M | 39% |
| Interactive (5) | $290.1M | 16% |
| South segment (2) | $288.3M | 16% |
| Midwest segment (4) | $282.9M | 16% |
| West segment (3) | $129.7M | 7% |
| Other | $101.0M | 6% |
