vs
史克威尔艾尼克斯（GAME）与华纳音乐集团（WMG）财务数据对比。点击上方公司名可切换其他公司
史克威尔艾尼克斯净利率更高（949.3% vs 9.6%，领先939.7%）。史克威尔艾尼克斯同比增速更快（81.1% vs 10.4%）。华纳音乐集团自由现金流更多（$420.0M vs $-1.1M）。过去两年华纳音乐集团的营收复合增速更高（NaN% vs NaN%）
史克威尔艾尼克斯控股是日本跨国控股企业，也是知名的电子游戏发行商与娱乐集团。核心业务涵盖角色扮演游戏开发发行，代表作包括《最终幻想》《勇者斗恶龙》《王国之心》等知名IP，业务还延伸至周边商品、线下街机场馆及Gangan Comics品牌的漫画出版领域。
华纳音乐集团（简称WMG）是总部位于美国纽约的跨国娱乐及唱片集团，属于全球唱片行业“三大巨头”之一，市场规模位居全球音乐行业第三位，仅次于环球音乐集团与索尼音乐娱乐。
GAME vs WMG — 直观对比
营收规模更大
WMG
是对方的-561.3倍
$-3.3M
营收增速更快
GAME
高出70.6%
10.4%
净利率更高
GAME
高出939.7%
9.6%
自由现金流更多
WMG
多$421.1M
$-1.1M
两年增速更快
WMG
近两年复合增速
NaN%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $-3.3M | $1.8B |
| 净利润 | $-31.1M | $176.0M |
| 毛利率 | — | 46.4% |
| 营业利润率 | 335.6% | 15.7% |
| 净利率 | 949.3% | 9.6% |
| 营收同比 | 81.1% | 10.4% |
| 净利润同比 | -17.9% | -25.4% |
| 每股收益（稀释后） | $-0.38 | — |
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GAMEWMG
| Q4 25 | $-3.3M | $1.8B | ||
| Q3 25 | $11.3M | $1.9B | ||
| Q2 25 | $15.9M | $1.7B | ||
| Q1 25 | $21.1M | $1.5B | ||
| Q4 24 | $-17.3M | $1.7B | ||
| Q3 24 | $9.3M | $1.6B | ||
| Q2 24 | $17.8M | $1.6B | ||
| Q1 24 | $17.7M | $1.5B |
净利润GAMEWMG
| Q4 25 | $-31.1M | $176.0M | ||
| Q3 25 | $-808.4K | $109.0M | ||
| Q2 25 | $-3.0M | $-16.0M | ||
| Q1 25 | $-5.2M | $36.0M | ||
| Q4 24 | $-26.4M | $236.0M | ||
| Q3 24 | $-5.5M | $41.0M | ||
| Q2 24 | $-11.6M | $139.0M | ||
| Q1 24 | $-5.3M | $96.0M |
毛利率GAMEWMG
| Q4 25 | — | 46.4% | ||
| Q3 25 | 49.4% | 44.6% | ||
| Q2 25 | 15.3% | 45.9% | ||
| Q1 25 | 15.8% | 46.7% | ||
| Q4 24 | — | 46.3% | ||
| Q3 24 | 45.3% | 47.6% | ||
| Q2 24 | 14.1% | 46.6% | ||
| Q1 24 | 19.1% | 47.1% |
营业利润率GAMEWMG
| Q4 25 | 335.6% | 15.7% | ||
| Q3 25 | -21.2% | 7.7% | ||
| Q2 25 | -29.8% | 10.0% | ||
| Q1 25 | -33.7% | 11.3% | ||
| Q4 24 | 108.4% | 12.8% | ||
| Q3 24 | -33.8% | 8.8% | ||
| Q2 24 | -34.6% | 13.3% | ||
| Q1 24 | -35.4% | 8.0% |
净利率GAMEWMG
| Q4 25 | 949.3% | 9.6% | ||
| Q3 25 | -7.1% | 5.8% | ||
| Q2 25 | -19.0% | -0.9% | ||
| Q1 25 | -24.4% | 2.4% | ||
| Q4 24 | 152.4% | 14.2% | ||
| Q3 24 | -58.9% | 2.5% | ||
| Q2 24 | -65.1% | 8.9% | ||
| Q1 24 | -29.7% | 6.4% |
每股收益（稀释后）GAMEWMG
| Q4 25 | $-0.38 | — | ||
| Q3 25 | $-0.01 | — | ||
| Q2 25 | $-0.08 | — | ||
| Q1 25 | $-0.14 | — | ||
| Q4 24 | $-0.89 | — | ||
| Q3 24 | $-0.18 | — | ||
| Q2 24 | $-0.38 | — | ||
| Q1 24 | $-0.30 | — |
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 | — | $751.0M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $35.7M | $720.0M |
| 总资产 | $79.3M | $10.0B |
| 负债/权益比越低杠杆越低 | — | 6.07× |
8季度趋势，按日历期对齐
现金及短期投资GAMEWMG
| Q4 25 | — | $751.0M | ||
| Q3 25 | — | $532.0M | ||
| Q2 25 | — | $527.0M | ||
| Q1 25 | — | $637.0M | ||
| Q4 24 | — | $802.0M | ||
| Q3 24 | — | $694.0M | ||
| Q2 24 | — | $607.0M | ||
| Q1 24 | — | $587.0M |
总债务GAMEWMG
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $4.0B |
股东权益GAMEWMG
| Q4 25 | $35.7M | $720.0M | ||
| Q3 25 | $78.7M | $647.0M | ||
| Q2 25 | $-5.5M | $589.0M | ||
| Q1 25 | $10.5M | $567.0M | ||
| Q4 24 | $12.0M | $545.0M | ||
| Q3 24 | $40.5M | $518.0M | ||
| Q2 24 | $42.3M | $483.0M | ||
| Q1 24 | $38.5M | $433.0M |
总资产GAMEWMG
| Q4 25 | $79.3M | $10.0B | ||
| Q3 25 | $121.1M | $9.8B | ||
| Q2 25 | $44.1M | $9.8B | ||
| Q1 25 | $67.8M | $9.6B | ||
| Q4 24 | $78.7M | $9.1B | ||
| Q3 24 | $101.1M | $9.2B | ||
| Q2 24 | $105.5M | $8.8B | ||
| Q1 24 | $101.9M | $8.7B |
负债/权益比GAMEWMG
| Q4 25 | — | 6.07× | ||
| Q3 25 | — | 6.75× | ||
| Q2 25 | — | 7.41× | ||
| Q1 25 | — | 7.57× | ||
| Q4 24 | — | 7.26× | ||
| Q3 24 | — | 7.75× | ||
| Q2 24 | — | 8.24× | ||
| Q1 24 | — | 9.20× |
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 | $-1.1M | $440.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.1M | $420.0M |
| 自由现金流率自由现金流/营收 | 34.9% | 22.8% |
| 资本支出强度资本支出/营收 | -0.0% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.50× |
| 过去12个月自由现金流最近4个季度 | — | $663.0M |
8季度趋势，按日历期对齐
经营现金流GAMEWMG
| Q4 25 | $-1.1M | $440.0M | ||
| Q3 25 | $-10.4M | $231.0M | ||
| Q2 25 | $1.7M | $46.0M | ||
| Q1 25 | $-8.6M | $69.0M | ||
| Q4 24 | $-5.2M | $332.0M | ||
| Q3 24 | $-7.8M | $304.0M | ||
| Q2 24 | $-9.6M | $188.0M | ||
| Q1 24 | $-8.0M | $-31.0M |
自由现金流GAMEWMG
| Q4 25 | $-1.1M | $420.0M | ||
| Q3 25 | — | $203.0M | ||
| Q2 25 | $1.7M | $7.0M | ||
| Q1 25 | $-8.7M | $33.0M | ||
| Q4 24 | — | $296.0M | ||
| Q3 24 | $-7.8M | $271.0M | ||
| Q2 24 | $-9.6M | $160.0M | ||
| Q1 24 | $-8.0M | $-57.0M |
自由现金流率GAMEWMG
| Q4 25 | 34.9% | 22.8% | ||
| Q3 25 | — | 10.9% | ||
| Q2 25 | 10.7% | 0.4% | ||
| Q1 25 | -41.0% | 2.2% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | -83.4% | 16.6% | ||
| Q2 24 | -53.8% | 10.3% | ||
| Q1 24 | -45.2% | -3.8% |
资本支出强度GAMEWMG
| Q4 25 | -0.0% | 1.1% | ||
| Q3 25 | 0.0% | 1.5% | ||
| Q2 25 | 0.0% | 2.3% | ||
| Q1 25 | 0.4% | 2.4% | ||
| Q4 24 | 0.0% | 2.2% | ||
| Q3 24 | 0.0% | 2.0% | ||
| Q2 24 | 0.0% | 1.8% | ||
| Q1 24 | 0.0% | 1.7% |
现金转化率GAMEWMG
| Q4 25 | — | 2.50× | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.92× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 7.41× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | — | -0.32× |
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
GAME
暂无分部数据
WMG
| Digital | $976.0M | 53% |
| Music Publishing | $362.0M | 20% |
| Artist Services And Expanded Rights | $231.0M | 13% |
| Licensing | $121.0M | 7% |
| Performance | $64.0M | 3% |
| Synchronization | $60.0M | 3% |
| Mechanical | $18.0M | 1% |
| Other | $5.0M | 0% |
