vs
格罗方德（GFS）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.的季度营收约是格罗方德的1.1倍（$1.8B vs $1.7B），格罗方德净利率更高（14.8% vs -0.2%，领先14.9%），PENN Entertainment, Inc.同比增速更快（6.4% vs -2.9%），过去两年PENN Entertainment, Inc.的营收复合增速更高（3.4% vs -4.3%）
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
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。
GFS vs PENN — 直观对比
营收规模更大
PENN
是对方的1.1倍
$1.7B
营收增速更快
PENN
高出9.3%
-2.9%
净利率更高
GFS
高出14.9%
-0.2%
两年增速更快
PENN
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.8B |
| 净利润 | $249.0M | $-2.8M |
| 毛利率 | 24.8% | — |
| 营业利润率 | 11.6% | 5.5% |
| 净利率 | 14.8% | -0.2% |
| 营收同比 | -2.9% | 6.4% |
| 净利润同比 | 39.9% | 66.7% |
| 每股收益（稀释后） | $0.44 | $-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GFSPENN
| Q1 26 | — | $1.8B | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.6B | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $1.7B | $1.6B | ||
| Q2 24 | $1.6B | $1.7B |
净利润GFSPENN
| Q1 26 | — | $-2.8M | ||
| Q4 25 | — | $-72.9M | ||
| Q3 25 | $249.0M | $-864.6M | ||
| Q2 25 | $228.0M | $-17.4M | ||
| Q1 25 | $211.0M | $111.8M | ||
| Q4 24 | — | $-133.3M | ||
| Q3 24 | $178.0M | $-36.7M | ||
| Q2 24 | $155.0M | $-26.8M |
毛利率GFSPENN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 24.8% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.8% | — | ||
| Q2 24 | 24.2% | — |
营业利润率GFSPENN
| Q1 26 | — | 5.5% | ||
| Q4 25 | — | -1.0% | ||
| Q3 25 | 11.6% | -45.2% | ||
| Q2 25 | 11.6% | 4.4% | ||
| Q1 25 | 9.5% | 2.6% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | 10.6% | 4.1% | ||
| Q2 24 | 9.5% | 4.5% |
净利率GFSPENN
| Q1 26 | — | -0.2% | ||
| Q4 25 | — | -4.0% | ||
| Q3 25 | 14.8% | -50.3% | ||
| Q2 25 | 13.5% | -1.0% | ||
| Q1 25 | 13.3% | 6.7% | ||
| Q4 24 | — | -8.0% | ||
| Q3 24 | 10.2% | -2.2% | ||
| Q2 24 | 9.5% | -1.6% |
每股收益（稀释后）GFSPENN
| Q1 26 | — | $-0.02 | ||
| Q4 25 | — | $-0.36 | ||
| Q3 25 | $0.44 | $-6.03 | ||
| Q2 25 | $0.41 | $-0.12 | ||
| Q1 25 | $0.38 | $0.68 | ||
| Q4 24 | — | $-0.87 | ||
| Q3 24 | $0.32 | $-0.24 | ||
| Q2 24 | $0.28 | $-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 | $2.0B | $708.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.8B | — |
| 总资产 | $16.7B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GFSPENN
| Q1 26 | — | $708.0M | ||
| Q4 25 | — | $686.6M | ||
| Q3 25 | $2.0B | $660.1M | ||
| Q2 25 | $1.8B | $671.6M | ||
| Q1 25 | $1.6B | $591.6M | ||
| Q4 24 | — | $706.6M | ||
| Q3 24 | $2.3B | $834.0M | ||
| Q2 24 | $2.2B | $877.6M |
总债务GFSPENN
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.8B |
股东权益GFSPENN
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | $11.8B | $2.0B | ||
| Q2 25 | $11.5B | $3.0B | ||
| Q1 25 | $11.1B | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $11.6B | $3.1B | ||
| Q2 24 | $11.3B | $3.1B |
总资产GFSPENN
| Q1 26 | — | — | ||
| Q4 25 | — | $14.3B | ||
| Q3 25 | $16.7B | $14.3B | ||
| Q2 25 | $16.8B | $15.2B | ||
| Q1 25 | $16.5B | $15.1B | ||
| Q4 24 | — | $15.3B | ||
| Q3 24 | $18.1B | $15.5B | ||
| Q2 24 | — | $15.5B |
负债/权益比GFSPENN
| Q1 26 | — | — | ||
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.46× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.89× | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 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 | $595.0M | — |
| 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 | — | 5.3% |
| 现金转化率经营现金流/净利润 | 2.39× | — |
| 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GFSPENN
| Q1 26 | — | — | ||
| Q4 25 | — | $107.2M | ||
| Q3 25 | $595.0M | $180.9M | ||
| Q2 25 | $431.0M | $178.2M | ||
| Q1 25 | $331.0M | $41.9M | ||
| Q4 24 | — | $102.9M | ||
| Q3 24 | $375.0M | $174.7M | ||
| Q2 24 | $402.0M | $150.4M |
自由现金流GFSPENN
| Q1 26 | — | — | ||
| Q4 25 | — | $-83.2M | ||
| Q3 25 | — | $8.2M | ||
| Q2 25 | — | $18.8M | ||
| Q1 25 | — | $-83.3M | ||
| Q4 24 | — | $-118.1M | ||
| Q3 24 | — | $42.6M | ||
| Q2 24 | — | $62.2M |
自由现金流率GFSPENN
| Q1 26 | — | — | ||
| Q4 25 | — | -4.6% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | -7.1% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 3.7% |
资本支出强度GFSPENN
| Q1 26 | — | 5.3% | ||
| Q4 25 | — | 10.5% | ||
| Q3 25 | — | 10.1% | ||
| Q2 25 | — | 9.0% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 5.3% |
现金转化率GFSPENN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | 1.57× | 0.37× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 2.59× | — |
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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
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% |
