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游戏驿站（GME）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是游戏驿站的1.8倍（$1.5B vs $821.0M），游戏驿站净利率更高（9.4% vs -3.1%，领先12.5%），游戏驿站同比增速更快（-4.6% vs -11.9%），游戏驿站自由现金流更多（$107.0M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
GME vs RXO — 直观对比
营收规模更大
RXO
是对方的1.8倍
$821.0M
营收增速更快
GME
高出7.3%
-11.9%
净利率更高
GME
高出12.5%
-3.1%
自由现金流更多
GME
多$116.0M
$-9.0M
两年增速更快
RXO
近两年复合增速
-32.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $821.0M | $1.5B |
| 净利润 | $77.1M | $-46.0M |
| 毛利率 | 33.3% | — |
| 营业利润率 | 5.0% | -2.9% |
| 净利率 | 9.4% | -3.1% |
| 营收同比 | -4.6% | -11.9% |
| 净利润同比 | 343.1% | -84.0% |
| 每股收益（稀释后） | $0.13 | $-0.28 |
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GMERXO
| Q4 25 | $821.0M | $1.5B | ||
| Q3 25 | $972.2M | $1.4B | ||
| Q2 25 | $732.4M | $1.4B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $860.3M | $1.7B | ||
| Q3 24 | $798.3M | $1.0B | ||
| Q2 24 | $881.8M | $930.0M | ||
| Q1 24 | $1.8B | $913.0M |
净利润GMERXO
| Q4 25 | $77.1M | $-46.0M | ||
| Q3 25 | $168.6M | $-14.0M | ||
| Q2 25 | $44.8M | $-9.0M | ||
| Q1 25 | $131.4M | $-31.0M | ||
| Q4 24 | $17.4M | $-25.0M | ||
| Q3 24 | $14.8M | $-243.0M | ||
| Q2 24 | $-32.3M | $-7.0M | ||
| Q1 24 | $63.1M | $-15.0M |
毛利率GMERXO
| 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GMERXO
| Q4 25 | 5.0% | -2.9% | ||
| Q3 25 | 6.8% | -0.5% | ||
| Q2 25 | -1.5% | — | ||
| Q1 25 | 6.2% | -2.1% | ||
| Q4 24 | -3.9% | -1.4% | ||
| Q3 24 | -2.8% | -1.9% | ||
| Q2 24 | -5.7% | — | ||
| Q1 24 | 3.1% | -1.3% |
净利率GMERXO
| Q4 25 | 9.4% | -3.1% | ||
| Q3 25 | 17.3% | -1.0% | ||
| Q2 25 | 6.1% | -0.6% | ||
| Q1 25 | 10.2% | -2.2% | ||
| Q4 24 | 2.0% | -1.5% | ||
| Q3 24 | 1.9% | -23.4% | ||
| Q2 24 | -3.7% | -0.8% | ||
| Q1 24 | 3.5% | -1.6% |
每股收益（稀释后）GMERXO
| Q4 25 | $0.13 | $-0.28 | ||
| Q3 25 | $0.31 | $-0.08 | ||
| Q2 25 | $0.09 | $-0.05 | ||
| Q1 25 | $0.36 | $-0.18 | ||
| Q4 24 | $0.04 | $-0.17 | ||
| Q3 24 | $0.04 | $-1.81 | ||
| Q2 24 | $-0.11 | $-0.06 | ||
| Q1 24 | $0.21 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $5.3B | $1.5B |
| 总资产 | $10.6B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资GMERXO
| Q4 25 | $8.8B | $17.0M | ||
| Q3 25 | $8.7B | $25.0M | ||
| Q2 25 | $6.4B | $18.0M | ||
| Q1 25 | $4.8B | $16.0M | ||
| Q4 24 | $4.6B | $35.0M | ||
| Q3 24 | $4.2B | $55.0M | ||
| Q2 24 | $1.1B | $7.0M | ||
| Q1 24 | $1.2B | $7.0M |
总债务GMERXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | $16.9M | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | $28.5M | $351.0M |
股东权益GMERXO
| Q4 25 | $5.3B | $1.5B | ||
| Q3 25 | $5.2B | $1.6B | ||
| Q2 25 | $5.0B | $1.6B | ||
| Q1 25 | $4.9B | $1.6B | ||
| Q4 24 | $4.8B | $1.6B | ||
| Q3 24 | $4.4B | $1.7B | ||
| Q2 24 | $1.3B | $579.0M | ||
| Q1 24 | $1.3B | $582.0M |
总资产GMERXO
| Q4 25 | $10.6B | $3.3B | ||
| Q3 25 | $10.3B | $3.2B | ||
| Q2 25 | $7.5B | $3.2B | ||
| Q1 25 | $5.9B | $3.3B | ||
| Q4 24 | $6.2B | $3.4B | ||
| Q3 24 | $5.5B | $3.4B | ||
| Q2 24 | $2.6B | $1.8B | ||
| Q1 24 | $2.7B | $1.8B |
负债/权益比GMERXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | 0.00× | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | 0.02× | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | 13.0% | -0.6% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $568.7M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流GMERXO
| Q4 25 | $111.3M | $7.0M | ||
| Q3 25 | $117.4M | $23.0M | ||
| Q2 25 | $192.5M | $23.0M | ||
| Q1 25 | $162.3M | $-2.0M | ||
| Q4 24 | $24.6M | $-7.0M | ||
| Q3 24 | $68.6M | $-7.0M | ||
| Q2 24 | $-109.8M | $-5.0M | ||
| Q1 24 | $-11.0M | $7.0M |
自由现金流GMERXO
| Q4 25 | $107.0M | $-9.0M | ||
| Q3 25 | $113.3M | $9.0M | ||
| Q2 25 | $189.6M | $9.0M | ||
| Q1 25 | $158.8M | $-17.0M | ||
| Q4 24 | $20.0M | $-19.0M | ||
| Q3 24 | $65.5M | $-18.0M | ||
| Q2 24 | $-114.7M | $-16.0M | ||
| Q1 24 | $-18.7M | $-4.0M |
自由现金流率GMERXO
| Q4 25 | 13.0% | -0.6% | ||
| Q3 25 | 11.7% | 0.6% | ||
| Q2 25 | 25.9% | 0.6% | ||
| Q1 25 | 12.4% | -1.2% | ||
| Q4 24 | 2.3% | -1.1% | ||
| Q3 24 | 8.2% | -1.7% | ||
| Q2 24 | -13.0% | -1.7% | ||
| Q1 24 | -1.0% | -0.4% |
资本支出强度GMERXO
| Q4 25 | 0.5% | 1.1% | ||
| Q3 25 | 0.4% | 1.0% | ||
| Q2 25 | 0.4% | 1.0% | ||
| Q1 25 | 0.3% | 1.0% | ||
| Q4 24 | 0.5% | 0.7% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.6% | 1.2% | ||
| Q1 24 | 0.4% | 1.2% |
现金转化率GMERXO
| Q4 25 | 1.44× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 4.30× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 4.64× | — | ||
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
