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游戏驿站（GME）与KEMPER Corp（KMPR）财务数据对比。点击上方公司名可切换其他公司
KEMPER Corp的季度营收约是游戏驿站的1.4倍（$1.1B vs $821.0M），游戏驿站净利率更高（9.4% vs -0.7%，领先10.1%），游戏驿站同比增速更快（-4.6% vs -4.7%），KEMPER Corp自由现金流更多（$166.2M vs $107.0M），过去两年KEMPER Corp的营收复合增速更高（-0.5% vs -32.3%）
游戏驿站（GameStop Corp.）是美国知名电子游戏、消费电子及游戏周边零售企业，总部位于得克萨斯州格雷普韦恩，是全球规模最大的电子游戏零售商。截至2025年2月，公司在美、加、澳及欧洲地区共运营3203家门店，旗下拥有EB Games、ThinkGeek等多个零售品牌，前身为1984年于达拉斯成立的Babbage's。
坎伯公司（Kemper Corporation）是总部位于美国伊利诺伊州芝加哥的保险服务商，总资产近130亿美元，旗下品牌矩阵为个人、家庭及企业客户提供多元保险产品服务。
GME vs KMPR — 直观对比
营收规模更大
KMPR
是对方的1.4倍
$821.0M
营收增速更快
GME
高出0.1%
-4.7%
净利率更高
GME
高出10.1%
-0.7%
自由现金流更多
KMPR
多$59.2M
$107.0M
两年增速更快
KMPR
近两年复合增速
-32.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $821.0M | $1.1B |
| 净利润 | $77.1M | $-8.0M |
| 毛利率 | 33.3% | — |
| 营业利润率 | 5.0% | — |
| 净利率 | 9.4% | -0.7% |
| 营收同比 | -4.6% | -4.7% |
| 净利润同比 | 343.1% | -108.2% |
| 每股收益（稀释后） | $0.13 | $-0.03 |
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GMEKMPR
| Q4 25 | $821.0M | $1.1B | ||
| Q3 25 | $972.2M | $1.2B | ||
| Q2 25 | $732.4M | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $860.3M | $1.2B | ||
| Q3 24 | $798.3M | $1.2B | ||
| Q2 24 | $881.8M | $1.1B | ||
| Q1 24 | $1.8B | $1.1B |
净利润GMEKMPR
| Q4 25 | $77.1M | $-8.0M | ||
| Q3 25 | $168.6M | $-21.0M | ||
| Q2 25 | $44.8M | $72.6M | ||
| Q1 25 | $131.4M | $99.7M | ||
| Q4 24 | $17.4M | $97.4M | ||
| Q3 24 | $14.8M | $73.7M | ||
| Q2 24 | $-32.3M | $75.4M | ||
| Q1 24 | $63.1M | $71.3M |
毛利率GMEKMPR
| Q4 25 | 33.3% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 34.5% | — | ||
| Q1 25 | 28.3% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 31.2% | — | ||
| Q2 24 | 27.7% | — | ||
| Q1 24 | 23.4% | — |
营业利润率GMEKMPR
| Q4 25 | 5.0% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | -1.5% | — | ||
| Q1 25 | 6.2% | — | ||
| Q4 24 | -3.9% | — | ||
| Q3 24 | -2.8% | 11.2% | ||
| Q2 24 | -5.7% | 10.1% | ||
| Q1 24 | 3.1% | 7.6% |
净利率GMEKMPR
| Q4 25 | 9.4% | -0.7% | ||
| Q3 25 | 17.3% | -1.7% | ||
| Q2 25 | 6.1% | 5.9% | ||
| Q1 25 | 10.2% | 8.4% | ||
| Q4 24 | 2.0% | 8.2% | ||
| Q3 24 | 1.9% | 6.3% | ||
| Q2 24 | -3.7% | 6.7% | ||
| Q1 24 | 3.5% | 6.2% |
每股收益（稀释后）GMEKMPR
| Q4 25 | $0.13 | $-0.03 | ||
| Q3 25 | $0.31 | $-0.34 | ||
| Q2 25 | $0.09 | $1.12 | ||
| Q1 25 | $0.36 | $1.54 | ||
| Q4 24 | $0.04 | $1.51 | ||
| Q3 24 | $0.04 | $1.14 | ||
| Q2 24 | $-0.11 | $1.16 | ||
| Q1 24 | $0.21 | $1.10 |
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 | $8.8B | — |
| 总债务越低越好 | — | $943.5M |
| 股东权益账面价值 | $5.3B | $2.7B |
| 总资产 | $10.6B | $12.5B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资GMEKMPR
| Q4 25 | $8.8B | — | ||
| Q3 25 | $8.7B | $371.2M | ||
| Q2 25 | $6.4B | $407.6M | ||
| Q1 25 | $4.8B | $545.3M | ||
| Q4 24 | $4.6B | $1.0B | ||
| Q3 24 | $4.2B | $696.9M | ||
| Q2 24 | $1.1B | $539.1M | ||
| Q1 24 | $1.2B | $520.7M |
总债务GMEKMPR
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $943.1M | ||
| Q2 25 | — | $942.6M | ||
| Q1 25 | $16.9M | $942.1M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $28.5M | $1.4B |
股东权益GMEKMPR
| Q4 25 | $5.3B | $2.7B | ||
| Q3 25 | $5.2B | $2.7B | ||
| Q2 25 | $5.0B | $370.0M | ||
| Q1 25 | $4.9B | $366.0M | ||
| Q4 24 | $4.8B | $2.8B | ||
| Q3 24 | $4.4B | $2.8B | ||
| Q2 24 | $1.3B | $358.0M | ||
| Q1 24 | $1.3B | $2.6B |
总资产GMEKMPR
| Q4 25 | $10.6B | $12.5B | ||
| Q3 25 | $10.3B | $12.4B | ||
| Q2 25 | $7.5B | $12.6B | ||
| Q1 25 | $5.9B | $12.5B | ||
| Q4 24 | $6.2B | $12.6B | ||
| Q3 24 | $5.5B | $12.6B | ||
| Q2 24 | $2.6B | $12.6B | ||
| Q1 24 | $2.7B | $12.6B |
负债/权益比GMEKMPR
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 2.55× | ||
| Q1 25 | 0.00× | 2.57× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 3.88× | ||
| Q1 24 | 0.02× | 0.54× |
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 | $111.3M | $175.0M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $166.2M |
| 自由现金流率自由现金流/营收 | 13.0% | 14.7% |
| 资本支出强度资本支出/营收 | 0.5% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.44× | — |
| 过去12个月自由现金流最近4个季度 | $568.7M | $553.9M |
8季度趋势，按日历期对齐
经营现金流GMEKMPR
| Q4 25 | $111.3M | $175.0M | ||
| Q3 25 | $117.4M | $139.9M | ||
| Q2 25 | $192.5M | $89.6M | ||
| Q1 25 | $162.3M | $180.0M | ||
| Q4 24 | $24.6M | $175.1M | ||
| Q3 24 | $68.6M | $141.9M | ||
| Q2 24 | $-109.8M | $22.9M | ||
| Q1 24 | $-11.0M | $43.0M |
自由现金流GMEKMPR
| Q4 25 | $107.0M | $166.2M | ||
| Q3 25 | $113.3M | $133.4M | ||
| Q2 25 | $189.6M | $82.0M | ||
| Q1 25 | $158.8M | $172.3M | ||
| Q4 24 | $20.0M | $165.4M | ||
| Q3 24 | $65.5M | $131.4M | ||
| Q2 24 | $-114.7M | $5.2M | ||
| Q1 24 | $-18.7M | $27.7M |
自由现金流率GMEKMPR
| Q4 25 | 13.0% | 14.7% | ||
| Q3 25 | 11.7% | 10.8% | ||
| Q2 25 | 25.9% | 6.7% | ||
| Q1 25 | 12.4% | 14.4% | ||
| Q4 24 | 2.3% | 13.9% | ||
| Q3 24 | 8.2% | 11.1% | ||
| Q2 24 | -13.0% | 0.5% | ||
| Q1 24 | -1.0% | 2.4% |
资本支出强度GMEKMPR
| Q4 25 | 0.5% | 0.8% | ||
| Q3 25 | 0.4% | 0.5% | ||
| Q2 25 | 0.4% | 0.6% | ||
| Q1 25 | 0.3% | 0.6% | ||
| Q4 24 | 0.5% | 0.8% | ||
| Q3 24 | 0.4% | 0.9% | ||
| Q2 24 | 0.6% | 1.6% | ||
| Q1 24 | 0.4% | 1.3% |
现金转化率GMEKMPR
| Q4 25 | 1.44× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 4.30× | 1.23× | ||
| Q1 25 | 1.24× | 1.81× | ||
| Q4 24 | 1.41× | 1.80× | ||
| Q3 24 | 4.64× | 1.93× | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | -0.17× | 0.60× |
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
GME
| Hardware And Accessories | $367.4M | 45% |
| Collectibles | $256.1M | 31% |
| Software | $197.5M | 24% |
KMPR
| Specialty Property Casualty Insurance Segment | $995.1M | 88% |
| Life Insurance Segment1 | $140.7M | 12% |
