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游戏驿站（GME）与Reddit, Inc.（RDDT）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Reddit, Inc.的1.1倍（$821.0M vs $725.6M），Reddit, Inc.净利率更高（34.7% vs 9.4%，领先25.3%），Reddit, Inc.同比增速更快（69.7% vs -4.6%），Reddit, Inc.自由现金流更多（$263.6M vs $107.0M），过去两年Reddit, Inc.的营收复合增速更高（72.8% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
GME vs RDDT — 直观对比
营收规模更大
GME
是对方的1.1倍
$725.6M
营收增速更快
RDDT
高出74.2%
-4.6%
净利率更高
RDDT
高出25.3%
9.4%
自由现金流更多
RDDT
多$156.6M
$107.0M
两年增速更快
RDDT
近两年复合增速
-32.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $821.0M | $725.6M |
| 净利润 | $77.1M | $251.6M |
| 毛利率 | 33.3% | 91.9% |
| 营业利润率 | 5.0% | 31.9% |
| 净利率 | 9.4% | 34.7% |
| 营收同比 | -4.6% | 69.7% |
| 净利润同比 | 343.1% | 254.2% |
| 每股收益（稀释后） | $0.13 | $1.24 |
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GMERDDT
| Q4 25 | $821.0M | $725.6M | ||
| Q3 25 | $972.2M | $584.9M | ||
| Q2 25 | $732.4M | $499.6M | ||
| Q1 25 | $1.3B | $392.4M | ||
| Q4 24 | $860.3M | $427.7M | ||
| Q3 24 | $798.3M | $348.4M | ||
| Q2 24 | $881.8M | $281.2M | ||
| Q1 24 | $1.8B | $243.0M |
净利润GMERDDT
| Q4 25 | $77.1M | $251.6M | ||
| Q3 25 | $168.6M | $162.7M | ||
| Q2 25 | $44.8M | $89.3M | ||
| Q1 25 | $131.4M | $26.2M | ||
| Q4 24 | $17.4M | $71.0M | ||
| Q3 24 | $14.8M | $29.9M | ||
| Q2 24 | $-32.3M | $-10.1M | ||
| Q1 24 | $63.1M | $-575.1M |
毛利率GMERDDT
| Q4 25 | 33.3% | 91.9% | ||
| Q3 25 | 29.1% | 91.0% | ||
| Q2 25 | 34.5% | 90.8% | ||
| Q1 25 | 28.3% | 90.5% | ||
| Q4 24 | 29.9% | 92.6% | ||
| Q3 24 | 31.2% | 90.1% | ||
| Q2 24 | 27.7% | 89.5% | ||
| Q1 24 | 23.4% | 88.6% |
营业利润率GMERDDT
| Q4 25 | 5.0% | 31.9% | ||
| Q3 25 | 6.8% | 23.7% | ||
| Q2 25 | -1.5% | 13.6% | ||
| Q1 25 | 6.2% | 1.0% | ||
| Q4 24 | -3.9% | 12.4% | ||
| Q3 24 | -2.8% | 2.0% | ||
| Q2 24 | -5.7% | -11.0% | ||
| Q1 24 | 3.1% | -242.5% |
净利率GMERDDT
| Q4 25 | 9.4% | 34.7% | ||
| Q3 25 | 17.3% | 27.8% | ||
| Q2 25 | 6.1% | 17.9% | ||
| Q1 25 | 10.2% | 6.7% | ||
| Q4 24 | 2.0% | 16.6% | ||
| Q3 24 | 1.9% | 8.6% | ||
| Q2 24 | -3.7% | -3.6% | ||
| Q1 24 | 3.5% | -236.7% |
每股收益（稀释后）GMERDDT
| Q4 25 | $0.13 | $1.24 | ||
| Q3 25 | $0.31 | $0.80 | ||
| Q2 25 | $0.09 | $0.45 | ||
| Q1 25 | $0.36 | $0.13 | ||
| Q4 24 | $0.04 | $4.76 | ||
| Q3 24 | $0.04 | $0.16 | ||
| Q2 24 | $-0.11 | $-0.06 | ||
| Q1 24 | $0.21 | $-8.19 |
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 | $953.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.3B | $2.9B |
| 总资产 | $10.6B | $3.2B |
| 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GMERDDT
| Q4 25 | $8.8B | $953.6M | ||
| Q3 25 | $8.7B | $911.7M | ||
| Q2 25 | $6.4B | $734.1M | ||
| Q1 25 | $4.8B | $635.7M | ||
| Q4 24 | $4.6B | $562.1M | ||
| Q3 24 | $4.2B | $515.9M | ||
| Q2 24 | $1.1B | $468.0M | ||
| Q1 24 | $1.2B | $968.5M |
总债务GMERDDT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $16.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $28.5M | — |
股东权益GMERDDT
| Q4 25 | $5.3B | $2.9B | ||
| Q3 25 | $5.2B | $2.6B | ||
| Q2 25 | $5.0B | $2.4B | ||
| Q1 25 | $4.9B | $2.2B | ||
| Q4 24 | $4.8B | $2.1B | ||
| Q3 24 | $4.4B | $2.0B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q1 24 | $1.3B | $1.8B |
总资产GMERDDT
| Q4 25 | $10.6B | $3.2B | ||
| Q3 25 | $10.3B | $2.9B | ||
| Q2 25 | $7.5B | $2.6B | ||
| Q1 25 | $5.9B | $2.4B | ||
| Q4 24 | $6.2B | $2.3B | ||
| Q3 24 | $5.5B | $2.2B | ||
| Q2 24 | $2.6B | $2.1B | ||
| Q1 24 | $2.7B | $2.0B |
负债/权益比GMERDDT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.02× | — |
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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $263.6M |
| 自由现金流率自由现金流/营收 | 13.0% | 36.3% |
| 资本支出强度资本支出/营收 | 0.5% | 0.4% |
| 现金转化率经营现金流/净利润 | 1.44× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $568.7M | $684.2M |
8季度趋势，按日历期对齐
经营现金流GMERDDT
| Q4 25 | $111.3M | $266.8M | ||
| Q3 25 | $117.4M | $185.2M | ||
| Q2 25 | $192.5M | $111.3M | ||
| Q1 25 | $162.3M | $127.6M | ||
| Q4 24 | $24.6M | $90.0M | ||
| Q3 24 | $68.6M | $71.6M | ||
| Q2 24 | $-109.8M | $28.4M | ||
| Q1 24 | $-11.0M | $32.1M |
自由现金流GMERDDT
| Q4 25 | $107.0M | $263.6M | ||
| Q3 25 | $113.3M | $183.1M | ||
| Q2 25 | $189.6M | $110.8M | ||
| Q1 25 | $158.8M | $126.6M | ||
| Q4 24 | $20.0M | $89.2M | ||
| Q3 24 | $65.5M | $70.3M | ||
| Q2 24 | $-114.7M | $27.2M | ||
| Q1 24 | $-18.7M | $29.2M |
自由现金流率GMERDDT
| Q4 25 | 13.0% | 36.3% | ||
| Q3 25 | 11.7% | 31.3% | ||
| Q2 25 | 25.9% | 22.2% | ||
| Q1 25 | 12.4% | 32.3% | ||
| Q4 24 | 2.3% | 20.8% | ||
| Q3 24 | 8.2% | 20.2% | ||
| Q2 24 | -13.0% | 9.7% | ||
| Q1 24 | -1.0% | 12.0% |
资本支出强度GMERDDT
| Q4 25 | 0.5% | 0.4% | ||
| Q3 25 | 0.4% | 0.4% | ||
| Q2 25 | 0.4% | 0.1% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 0.4% | 0.4% | ||
| Q2 24 | 0.6% | 0.4% | ||
| Q1 24 | 0.4% | 1.2% |
现金转化率GMERDDT
| Q4 25 | 1.44× | 1.06× | ||
| Q3 25 | 0.70× | 1.14× | ||
| Q2 25 | 4.30× | 1.25× | ||
| Q1 25 | 1.24× | 4.88× | ||
| Q4 24 | 1.41× | 1.27× | ||
| Q3 24 | 4.64× | 2.40× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.17× | — |
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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
