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GOLDEN HEAVEN GROUP HOLDINGS LTD.（GDHG）与Madison Square Garden Entertainment Corp.（MSGE）财务数据对比。点击上方公司名可切换其他公司
Madison Square Garden Entertainment Corp.的季度营收约是GOLDEN HEAVEN GROUP HOLDINGS LTD.的27.8倍（$424.8M vs $15.3M）。Madison Square Garden Entertainment Corp.净利率更高（21.8% vs -56.2%，领先78.0%）
金天集团控股有限公司主要在中国内地运营大型游乐园、文旅综合体及家庭休闲娱乐场所，核心服务涵盖惊险游乐设施、主题娱乐区、文化体验活动及配套餐饮零售，满足全年龄段消费者的休闲娱乐需求。
麦迪逊广场花园娱乐公司是总部位于美国纽约的体育控股企业，依托麦迪逊广场花园的核心资源，在体育赛事运营、体育IP管理及相关商业化领域拥有深厚行业积累与广泛影响力。
GDHG vs MSGE — 直观对比
营收规模更大
MSGE
是对方的27.8倍
$15.3M
净利率更高
MSGE
高出78.0%
-56.2%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $15.3M | $424.8M |
| 净利润 | $-8.6M | $92.7M |
| 毛利率 | 50.2% | — |
| 营业利润率 | -44.5% | 38.6% |
| 净利率 | -56.2% | 21.8% |
| 营收同比 | — | 12.5% |
| 净利润同比 | — | 22.2% |
| 每股收益（稀释后） | $-10.83 | $1.94 |
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GDHGMSGE
| Q4 25 | — | $424.8M | ||
| Q3 25 | $15.3M | $154.1M | ||
| Q2 25 | — | $145.1M | ||
| Q1 25 | $13.8M | $206.0M | ||
| Q4 24 | — | $377.6M | ||
| Q3 24 | — | $134.1M | ||
| Q2 24 | — | $177.6M | ||
| Q1 24 | $13.8M | $191.6M |
净利润GDHGMSGE
| Q4 25 | — | $92.7M | ||
| Q3 25 | $-8.6M | $-21.7M | ||
| Q2 25 | — | $-27.2M | ||
| Q1 25 | — | $8.0M | ||
| Q4 24 | — | $75.9M | ||
| Q3 24 | — | $-19.3M | ||
| Q2 24 | — | $66.9M | ||
| Q1 24 | $2.5M | $2.8M |
毛利率GDHGMSGE
| Q4 25 | — | — | ||
| Q3 25 | 50.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 52.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 52.0% | — |
营业利润率GDHGMSGE
| Q4 25 | — | 38.6% | ||
| Q3 25 | -44.5% | -19.3% | ||
| Q2 25 | — | -17.7% | ||
| Q1 25 | — | 13.3% | ||
| Q4 24 | — | 36.8% | ||
| Q3 24 | — | -13.8% | ||
| Q2 24 | — | -5.0% | ||
| Q1 24 | 25.5% | 8.8% |
净利率GDHGMSGE
| Q4 25 | — | 21.8% | ||
| Q3 25 | -56.2% | -14.0% | ||
| Q2 25 | — | -18.7% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 20.1% | ||
| Q3 24 | — | -14.4% | ||
| Q2 24 | — | 37.7% | ||
| Q1 24 | 18.4% | 1.5% |
每股收益（稀释后）GDHGMSGE
| Q4 25 | — | $1.94 | ||
| Q3 25 | $-10.83 | $-0.46 | ||
| Q2 25 | — | $-0.56 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $1.56 | ||
| Q3 24 | — | $-0.40 | ||
| Q2 24 | — | $1.32 | ||
| Q1 24 | — | $0.06 |
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 | $86.0M | $157.1M |
| 总债务越低越好 | — | $554.6M |
| 股东权益账面价值 | $180.7M | $36.0M |
| 总资产 | $191.4M | $1.8B |
| 负债/权益比越低杠杆越低 | — | 15.40× |
8季度趋势，按日历期对齐
现金及短期投资GDHGMSGE
| Q4 25 | — | $157.1M | ||
| Q3 25 | $86.0M | $29.9M | ||
| Q2 25 | — | $43.0M | ||
| Q1 25 | $19.8M | $89.0M | ||
| Q4 24 | — | $54.9M | ||
| Q3 24 | — | $37.3M | ||
| Q2 24 | — | $33.3M | ||
| Q1 24 | $129.4K | $28.0M |
总债务GDHGMSGE
| Q4 25 | — | $554.6M | ||
| Q3 25 | — | $581.7M | ||
| Q2 25 | — | $568.8M | ||
| Q1 25 | — | $577.4M | ||
| Q4 24 | — | $584.7M | ||
| Q3 24 | — | $647.0M | ||
| Q2 24 | — | $599.2M | ||
| Q1 24 | — | $602.5M |
股东权益GDHGMSGE
| Q4 25 | — | $36.0M | ||
| Q3 25 | $180.7M | $-65.8M | ||
| Q2 25 | — | $-13.3M | ||
| Q1 25 | $83.7M | $9.5M | ||
| Q4 24 | — | $10.3M | ||
| Q3 24 | — | $-48.7M | ||
| Q2 24 | — | $-23.2M | ||
| Q1 24 | $64.3M | $-94.6M |
总资产GDHGMSGE
| Q4 25 | — | $1.8B | ||
| Q3 25 | $191.4M | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | $98.6M | $1.7B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | $82.9M | $1.5B |
负债/权益比GDHGMSGE
| Q4 25 | — | 15.40× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 60.61× | ||
| Q4 24 | — | 56.61× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $19.0M | $164.4M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.77× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流GDHGMSGE
| Q4 25 | — | $164.4M | ||
| Q3 25 | $19.0M | $19.8M | ||
| Q2 25 | — | $-27.0M | ||
| Q1 25 | — | $56.8M | ||
| Q4 24 | — | $112.9M | ||
| Q3 24 | — | $-27.4M | ||
| Q2 24 | — | $212.0K | ||
| Q1 24 | $-911.6K | $5.8M |
自由现金流GDHGMSGE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-924.9K | — |
自由现金流率GDHGMSGE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -6.7% | — |
资本支出强度GDHGMSGE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.1% | — |
现金转化率GDHGMSGE
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 7.07× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | -0.36× | 2.08× |
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
GDHG
暂无分部数据
MSGE
| Ticketing And Venue License Fee Revenues | $263.5M | 62% |
| Food Beverage And Merchandise Revenues | $64.3M | 15% |
| Related Party | $43.9M | 10% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8% |
| Other | $15.9M | 4% |
