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游戏驿站（GME）与OPPENHEIMER HOLDINGS INC（OPY）财务数据对比。点击上方公司名可切换其他公司
游戏驿站的季度营收约是OPPENHEIMER HOLDINGS INC的1.7倍（$821.0M vs $472.6M），OPPENHEIMER HOLDINGS INC净利率更高（15.7% vs 9.4%，领先6.3%），OPPENHEIMER HOLDINGS INC同比增速更快（25.9% vs -4.6%），OPPENHEIMER HOLDINGS INC自由现金流更多（$183.6M vs $107.0M），过去两年OPPENHEIMER HOLDINGS INC的营收复合增速更高（15.7% 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。
奥本海默控股是一家美国跨国独立投资银行与金融服务企业，面向全球客户提供投资银行、财务咨询、资本市场、资产管理及财富管理等相关产品与服务，目前总部设于纽约市宽街85号。
GME vs OPY — 直观对比
营收规模更大
GME
是对方的1.7倍
$472.6M
营收增速更快
OPY
高出30.5%
-4.6%
净利率更高
OPY
高出6.3%
9.4%
自由现金流更多
OPY
多$76.6M
$107.0M
两年增速更快
OPY
近两年复合增速
-32.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $821.0M | $472.6M |
| 净利润 | $77.1M | $74.4M |
| 毛利率 | 33.3% | — |
| 营业利润率 | 5.0% | 22.4% |
| 净利率 | 9.4% | 15.7% |
| 营收同比 | -4.6% | 25.9% |
| 净利润同比 | 343.1% | 593.1% |
| 每股收益（稀释后） | $0.13 | $6.51 |
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GMEOPY
| Q4 25 | $821.0M | $472.6M | ||
| Q3 25 | $972.2M | $424.4M | ||
| Q2 25 | $732.4M | $373.2M | ||
| Q1 25 | $1.3B | $367.8M | ||
| Q4 24 | $860.3M | $375.4M | ||
| Q3 24 | $798.3M | $373.4M | ||
| Q2 24 | $881.8M | $330.6M | ||
| Q1 24 | $1.8B | $353.1M |
净利润GMEOPY
| Q4 25 | $77.1M | $74.4M | ||
| Q3 25 | $168.6M | $21.7M | ||
| Q2 25 | $44.8M | $21.7M | ||
| Q1 25 | $131.4M | $30.7M | ||
| Q4 24 | $17.4M | $10.7M | ||
| Q3 24 | $14.8M | $24.5M | ||
| Q2 24 | $-32.3M | $10.3M | ||
| Q1 24 | $63.1M | $26.1M |
毛利率GMEOPY
| 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GMEOPY
| Q4 25 | 5.0% | 22.4% | ||
| Q3 25 | 6.8% | 7.5% | ||
| Q2 25 | -1.5% | 8.6% | ||
| Q1 25 | 6.2% | 11.2% | ||
| Q4 24 | -3.9% | 4.5% | ||
| Q3 24 | -2.8% | 9.5% | ||
| Q2 24 | -5.7% | 4.8% | ||
| Q1 24 | 3.1% | 10.6% |
净利率GMEOPY
| Q4 25 | 9.4% | 15.7% | ||
| Q3 25 | 17.3% | 5.1% | ||
| Q2 25 | 6.1% | 5.8% | ||
| Q1 25 | 10.2% | 8.3% | ||
| Q4 24 | 2.0% | 2.9% | ||
| Q3 24 | 1.9% | 6.6% | ||
| Q2 24 | -3.7% | 3.1% | ||
| Q1 24 | 3.5% | 7.4% |
每股收益（稀释后）GMEOPY
| Q4 25 | $0.13 | $6.51 | ||
| Q3 25 | $0.31 | $1.90 | ||
| Q2 25 | $0.09 | $1.91 | ||
| Q1 25 | $0.36 | $2.72 | ||
| Q4 24 | $0.04 | $0.92 | ||
| Q3 24 | $0.04 | $2.16 | ||
| Q2 24 | $-0.11 | $0.92 | ||
| Q1 24 | $0.21 | $2.37 |
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 | $38.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.3B | $983.8M |
| 总资产 | $10.6B | $3.7B |
| 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GMEOPY
| Q4 25 | $8.8B | $38.4M | ||
| Q3 25 | $8.7B | $38.3M | ||
| Q2 25 | $6.4B | $37.6M | ||
| Q1 25 | $4.8B | $36.7M | ||
| Q4 24 | $4.6B | $33.1M | ||
| Q3 24 | $4.2B | $32.2M | ||
| Q2 24 | $1.1B | $33.2M | ||
| Q1 24 | $1.2B | $27.7M |
总债务GMEOPY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $16.9M | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $112.8M | ||
| Q2 24 | — | $112.8M | ||
| Q1 24 | $28.5M | $112.7M |
股东权益GMEOPY
| Q4 25 | $5.3B | $983.8M | ||
| Q3 25 | $5.2B | $920.3M | ||
| Q2 25 | $5.0B | $896.9M | ||
| Q1 25 | $4.9B | $872.3M | ||
| Q4 24 | $4.8B | $850.4M | ||
| Q3 24 | $4.4B | $837.8M | ||
| Q2 24 | $1.3B | $812.1M | ||
| Q1 24 | $1.3B | $801.5M |
总资产GMEOPY
| Q4 25 | $10.6B | $3.7B | ||
| Q3 25 | $10.3B | $3.8B | ||
| Q2 25 | $7.5B | $3.7B | ||
| Q1 25 | $5.9B | $3.6B | ||
| Q4 24 | $6.2B | $3.4B | ||
| Q3 24 | $5.5B | $3.4B | ||
| Q2 24 | $2.6B | $3.3B | ||
| Q1 24 | $2.7B | $3.3B |
负债/权益比GMEOPY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | 0.02× | 0.14× |
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 | $188.8M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $183.6M |
| 自由现金流率自由现金流/营收 | 13.0% | 38.8% |
| 资本支出强度资本支出/营收 | 0.5% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.44× | 2.54× |
| 过去12个月自由现金流最近4个季度 | $568.7M | $191.3M |
8季度趋势，按日历期对齐
经营现金流GMEOPY
| Q4 25 | $111.3M | $188.8M | ||
| Q3 25 | $117.4M | $63.4M | ||
| Q2 25 | $192.5M | $40.1M | ||
| Q1 25 | $162.3M | $-91.7M | ||
| Q4 24 | $24.6M | $-108.2M | ||
| Q3 24 | $68.6M | $11.4M | ||
| Q2 24 | $-109.8M | $-115.3M | ||
| Q1 24 | $-11.0M | $-79.0M |
自由现金流GMEOPY
| Q4 25 | $107.0M | $183.6M | ||
| Q3 25 | $113.3M | $62.2M | ||
| Q2 25 | $189.6M | $38.9M | ||
| Q1 25 | $158.8M | $-93.4M | ||
| Q4 24 | $20.0M | $-113.3M | ||
| Q3 24 | $65.5M | $11.2M | ||
| Q2 24 | $-114.7M | $-116.7M | ||
| Q1 24 | $-18.7M | $-79.3M |
自由现金流率GMEOPY
| Q4 25 | 13.0% | 38.8% | ||
| Q3 25 | 11.7% | 14.7% | ||
| Q2 25 | 25.9% | 10.4% | ||
| Q1 25 | 12.4% | -25.4% | ||
| Q4 24 | 2.3% | -30.2% | ||
| Q3 24 | 8.2% | 3.0% | ||
| Q2 24 | -13.0% | -35.3% | ||
| Q1 24 | -1.0% | -22.5% |
资本支出强度GMEOPY
| Q4 25 | 0.5% | 1.1% | ||
| Q3 25 | 0.4% | 0.3% | ||
| Q2 25 | 0.4% | 0.3% | ||
| Q1 25 | 0.3% | 0.5% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.6% | 0.4% | ||
| Q1 24 | 0.4% | 0.1% |
现金转化率GMEOPY
| Q4 25 | 1.44× | 2.54× | ||
| Q3 25 | 0.70× | 2.92× | ||
| Q2 25 | 4.30× | 1.85× | ||
| Q1 25 | 1.24× | -2.99× | ||
| Q4 24 | 1.41× | -10.08× | ||
| Q3 24 | 4.64× | 0.47× | ||
| Q2 24 | — | -11.23× | ||
| Q1 24 | -0.17× | -3.03× |
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% |
OPY
| Advisory Fees | $166.6M | 35% |
| Capital Markets Segment | $155.5M | 33% |
| Other | $57.2M | 12% |
| Commissions From Sales And Trading | $52.9M | 11% |
| Bank Deposit Sweep Income | $27.7M | 6% |
| Mutual Fund Income | $8.9M | 2% |
| Investment Banking Capital Markets | $3.3M | 1% |
