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自由媒体集团（FWONA）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是自由媒体集团的1.7倍（$2.7B vs $1.6B），自由媒体集团净利率更高（20.7% vs 2.5%，领先18.2%），自由媒体集团同比增速更快（150.7% vs 52.2%），自由媒体集团自由现金流更多（$62.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
FWONA vs RKT — 直观对比
营收规模更大
RKT
是对方的1.7倍
$1.6B
营收增速更快
FWONA
高出98.6%
52.2%
净利率更高
FWONA
高出18.2%
2.5%
自由现金流更多
FWONA
多$1.3B
$-1.3B
两年增速更快
RKT
近两年复合增速
-23.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.7B |
| 净利润 | $333.0M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 14.0% | 6.3% |
| 净利率 | 20.7% | 2.5% |
| 营收同比 | 150.7% | 52.2% |
| 净利润同比 | 193.8% | 100.8% |
| 每股收益（稀释后） | — | $0.10 |
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FWONARKT
| Q4 25 | $1.6B | $2.7B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $447.0M | $1.0B | ||
| Q4 24 | $-3.2B | $1.8B | ||
| Q3 24 | $911.0M | $646.9M | ||
| Q2 24 | $3.2B | $1.3B | ||
| Q1 24 | $2.7B | $1.4B |
净利润FWONARKT
| Q4 25 | $333.0M | $68.0M | ||
| Q3 25 | $13.0M | $-123.9M | ||
| Q2 25 | $204.0M | $-1.8M | ||
| Q1 25 | $5.0M | $-10.4M | ||
| Q4 24 | $-355.0M | $33.9M | ||
| Q3 24 | $-2.4B | $-22.0M | ||
| Q2 24 | $457.0M | $1.3M | ||
| Q1 24 | $203.0M | $16.2M |
毛利率FWONARKT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% | ||
| Q1 24 | — | 51.2% |
营业利润率FWONARKT
| Q4 25 | 14.0% | 6.3% | ||
| Q3 25 | 13.7% | -11.5% | ||
| Q2 25 | 20.4% | 1.8% | ||
| Q1 25 | -15.9% | -21.5% | ||
| Q4 24 | — | 38.1% | ||
| Q3 24 | 11.7% | -76.9% | ||
| Q2 24 | 16.7% | 14.8% | ||
| Q1 24 | 18.3% | 21.6% |
净利率FWONARKT
| Q4 25 | 20.7% | 2.5% | ||
| Q3 25 | 1.2% | -7.7% | ||
| Q2 25 | 15.2% | -0.1% | ||
| Q1 25 | 1.1% | -1.0% | ||
| Q4 24 | 11.2% | 1.9% | ||
| Q3 24 | -259.9% | -3.4% | ||
| Q2 24 | 14.4% | 0.1% | ||
| Q1 24 | 7.4% | 1.2% |
每股收益（稀释后）FWONARKT
| Q4 25 | — | $0.10 | ||
| Q3 25 | — | $-0.06 | ||
| Q2 25 | — | $-0.01 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | — | $-0.19 | ||
| Q2 24 | — | $0.01 | ||
| Q1 24 | — | $0.11 |
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 | $2.7B |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.8B | $22.9B |
| 总资产 | $15.4B | $60.7B |
| 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FWONARKT
| Q4 25 | $1.1B | $2.7B | ||
| Q3 25 | $1.6B | $5.8B | ||
| Q2 25 | $3.4B | $5.1B | ||
| Q1 25 | $3.1B | $1.4B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $3.1B | $1.2B | ||
| Q2 24 | $2.1B | $1.3B | ||
| Q1 24 | $1.7B | $861.4M |
总债务FWONARKT
| 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FWONARKT
| Q4 25 | $7.8B | $22.9B | ||
| Q3 25 | $7.4B | $8.9B | ||
| Q2 25 | $7.3B | $7.4B | ||
| Q1 25 | $7.0B | $8.6B | ||
| Q4 24 | $7.0B | $9.0B | ||
| Q3 24 | $7.4B | $8.4B | ||
| Q2 24 | $17.1B | $8.8B | ||
| Q1 24 | $16.6B | $8.6B |
总资产FWONARKT
| Q4 25 | $15.4B | $60.7B | ||
| Q3 25 | $17.8B | $33.6B | ||
| Q2 25 | $13.8B | $30.4B | ||
| Q1 25 | $13.3B | $25.3B | ||
| Q4 24 | $12.9B | $24.5B | ||
| Q3 24 | $13.2B | $25.1B | ||
| Q2 24 | $42.6B | $23.6B | ||
| Q1 24 | $42.4B | $22.2B |
负债/权益比FWONARKT
| 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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $62.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 3.9% | -47.2% |
| 资本支出强度资本支出/营收 | 3.8% | 1.5% |
| 现金转化率经营现金流/净利润 | 0.37× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $789.0M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流FWONARKT
| Q4 25 | $123.0M | $-1.2B | ||
| Q3 25 | $173.0M | $-50.3M | ||
| Q2 25 | $231.0M | $-1.9B | ||
| Q1 25 | $381.0M | $-797.0M | ||
| Q4 24 | $-23.0M | $1.8B | ||
| Q3 24 | $182.0M | $-1.3B | ||
| Q2 24 | $752.0M | $-122.3M | ||
| Q1 24 | $395.0M | $-3.0B |
自由现金流FWONARKT
| Q4 25 | $62.0M | $-1.3B | ||
| Q3 25 | $170.0M | $-71.8M | ||
| Q2 25 | $209.0M | $-1.9B | ||
| Q1 25 | $348.0M | $-811.0M | ||
| Q4 24 | $-46.0M | $1.8B | ||
| Q3 24 | $-153.0M | $-1.4B | ||
| Q2 24 | $566.0M | $-138.3M | ||
| Q1 24 | $194.0M | $-3.0B |
自由现金流率FWONARKT
| Q4 25 | 3.9% | -47.2% | ||
| Q3 25 | 15.7% | -4.5% | ||
| Q2 25 | 15.6% | -137.2% | ||
| Q1 25 | 77.9% | -78.2% | ||
| Q4 24 | 1.4% | 103.1% | ||
| Q3 24 | -16.8% | -209.6% | ||
| Q2 24 | 17.9% | -10.6% | ||
| Q1 24 | 7.1% | -218.7% |
资本支出强度FWONARKT
| Q4 25 | 3.8% | 1.5% | ||
| Q3 25 | 0.3% | 1.3% | ||
| Q2 25 | 1.6% | 1.1% | ||
| Q1 25 | 7.4% | 1.4% | ||
| Q4 24 | -0.7% | 1.1% | ||
| Q3 24 | 36.8% | 2.9% | ||
| Q2 24 | 5.9% | 1.2% | ||
| Q1 24 | 7.3% | 1.0% |
现金转化率FWONARKT
| Q4 25 | 0.37× | -18.08× | ||
| Q3 25 | 13.31× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | 76.20× | — | ||
| Q4 24 | — | 54.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.65× | -94.46× | ||
| Q1 24 | 1.95× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
