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游戏驿站（GME）与E.W. SCRIPPS Co（SSP）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E.W. SCRIPPS Co的1.5倍（$821.0M vs $560.3M），游戏驿站净利率更高（9.4% vs -5.1%，领先14.5%），游戏驿站同比增速更快（-4.6% vs -23.1%），游戏驿站自由现金流更多（$107.0M vs $31.2M），过去两年E.W. SCRIPPS Co的营收复合增速更高（-0.1% 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。
E.W.斯克里普斯公司简称斯克里普斯，是美国的广播传媒企业，1878年由爱德华·威利斯·斯克里普斯与姐姐艾伦·勃朗宁·斯克里普斯创立，最初为日报连锁企业，前身是一家传媒集团，如今总部位于俄亥俄州辛辛那提市的斯克里普斯中心，企业格言为“给人光明，大众自寻前路”，品牌标识为沿用已久的灯塔。
GME vs SSP — 直观对比
营收规模更大
GME
是对方的1.5倍
$560.3M
营收增速更快
GME
高出18.5%
-23.1%
净利率更高
GME
高出14.5%
-5.1%
自由现金流更多
GME
多$75.8M
$31.2M
两年增速更快
SSP
近两年复合增速
-32.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $821.0M | $560.3M |
| 净利润 | $77.1M | $-28.5M |
| 毛利率 | 33.3% | — |
| 营业利润率 | 5.0% | 7.5% |
| 净利率 | 9.4% | -5.1% |
| 营收同比 | -4.6% | -23.1% |
| 净利润同比 | 343.1% | -129.9% |
| 每股收益（稀释后） | $0.13 | $-0.51 |
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GMESSP
| Q4 25 | $821.0M | $560.3M | ||
| Q3 25 | $972.2M | $525.9M | ||
| Q2 25 | $732.4M | $540.1M | ||
| Q1 25 | $1.3B | $524.4M | ||
| Q4 24 | $860.3M | $728.4M | ||
| Q3 24 | $798.3M | $646.3M | ||
| Q2 24 | $881.8M | $573.6M | ||
| Q1 24 | $1.8B | $561.5M |
净利润GMESSP
| Q4 25 | $77.1M | $-28.5M | ||
| Q3 25 | $168.6M | $-33.0M | ||
| Q2 25 | $44.8M | $-36.0M | ||
| Q1 25 | $131.4M | $-3.5M | ||
| Q4 24 | $17.4M | $95.4M | ||
| Q3 24 | $14.8M | $47.8M | ||
| Q2 24 | $-32.3M | $1.4M | ||
| Q1 24 | $63.1M | $1.6M |
毛利率GMESSP
| 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GMESSP
| Q4 25 | 5.0% | 7.5% | ||
| Q3 25 | 6.8% | 7.2% | ||
| Q2 25 | -1.5% | 14.2% | ||
| Q1 25 | 6.2% | 5.2% | ||
| Q4 24 | -3.9% | 26.3% | ||
| Q3 24 | -2.8% | 18.8% | ||
| Q2 24 | -5.7% | 9.7% | ||
| Q1 24 | 3.1% | 7.7% |
净利率GMESSP
| Q4 25 | 9.4% | -5.1% | ||
| Q3 25 | 17.3% | -6.3% | ||
| Q2 25 | 6.1% | -6.7% | ||
| Q1 25 | 10.2% | -0.7% | ||
| Q4 24 | 2.0% | 13.1% | ||
| Q3 24 | 1.9% | 7.4% | ||
| Q2 24 | -3.7% | 0.2% | ||
| Q1 24 | 3.5% | 0.3% |
每股收益（稀释后）GMESSP
| Q4 25 | $0.13 | $-0.51 | ||
| Q3 25 | $0.31 | $-0.55 | ||
| Q2 25 | $0.09 | $-0.59 | ||
| Q1 25 | $0.36 | $-0.22 | ||
| Q4 24 | $0.04 | $0.94 | ||
| Q3 24 | $0.04 | $0.37 | ||
| Q2 24 | $-0.11 | $-0.15 | ||
| Q1 24 | $0.21 | $-0.15 |
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 | $27.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.3B | $1.2B |
| 总资产 | $10.6B | $5.0B |
| 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GMESSP
| Q4 25 | $8.8B | $27.9M | ||
| Q3 25 | $8.7B | $54.7M | ||
| Q2 25 | $6.4B | $31.7M | ||
| Q1 25 | $4.8B | $24.0M | ||
| Q4 24 | $4.6B | $23.9M | ||
| Q3 24 | $4.2B | $34.6M | ||
| Q2 24 | $1.1B | $26.7M | ||
| Q1 24 | $1.2B | $30.2M |
总债务GMESSP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $16.9M | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $28.5M | — |
股东权益GMESSP
| Q4 25 | $5.3B | $1.2B | ||
| Q3 25 | $5.2B | $1.3B | ||
| Q2 25 | $5.0B | $1.3B | ||
| Q1 25 | $4.9B | $1.3B | ||
| Q4 24 | $4.8B | $1.3B | ||
| Q3 24 | $4.4B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
总资产GMESSP
| Q4 25 | $10.6B | $5.0B | ||
| Q3 25 | $10.3B | $5.1B | ||
| Q2 25 | $7.5B | $5.1B | ||
| Q1 25 | $5.9B | $5.1B | ||
| Q4 24 | $6.2B | $5.2B | ||
| Q3 24 | $5.5B | $5.3B | ||
| Q2 24 | $2.6B | $5.3B | ||
| Q1 24 | $2.7B | $5.3B |
负债/权益比GMESSP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | — | 1.98× | ||
| 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 | $45.1M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $31.2M |
| 自由现金流率自由现金流/营收 | 13.0% | 5.6% |
| 资本支出强度资本支出/营收 | 0.5% | 2.5% |
| 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 | $6.5M |
8季度趋势，按日历期对齐
经营现金流GMESSP
| Q4 25 | $111.3M | $45.1M | ||
| Q3 25 | $117.4M | $21.8M | ||
| Q2 25 | $192.5M | $-10.5M | ||
| Q1 25 | $162.3M | $-3.3M | ||
| Q4 24 | $24.6M | $153.3M | ||
| Q3 24 | $68.6M | $140.6M | ||
| Q2 24 | $-109.8M | $26.4M | ||
| Q1 24 | $-11.0M | $45.4M |
自由现金流GMESSP
| Q4 25 | $107.0M | $31.2M | ||
| Q3 25 | $113.3M | $6.4M | ||
| Q2 25 | $189.6M | $-22.7M | ||
| Q1 25 | $158.8M | $-8.4M | ||
| Q4 24 | $20.0M | $146.9M | ||
| Q3 24 | $65.5M | $127.4M | ||
| Q2 24 | $-114.7M | $2.8M | ||
| Q1 24 | $-18.7M | $23.3M |
自由现金流率GMESSP
| Q4 25 | 13.0% | 5.6% | ||
| Q3 25 | 11.7% | 1.2% | ||
| Q2 25 | 25.9% | -4.2% | ||
| Q1 25 | 12.4% | -1.6% | ||
| Q4 24 | 2.3% | 20.2% | ||
| Q3 24 | 8.2% | 19.7% | ||
| Q2 24 | -13.0% | 0.5% | ||
| Q1 24 | -1.0% | 4.1% |
资本支出强度GMESSP
| Q4 25 | 0.5% | 2.5% | ||
| Q3 25 | 0.4% | 2.9% | ||
| Q2 25 | 0.4% | 2.3% | ||
| Q1 25 | 0.3% | 1.0% | ||
| Q4 24 | 0.5% | 0.9% | ||
| Q3 24 | 0.4% | 2.0% | ||
| Q2 24 | 0.6% | 4.1% | ||
| Q1 24 | 0.4% | 3.9% |
现金转化率GMESSP
| Q4 25 | 1.44× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 4.30× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.41× | 1.61× | ||
| Q3 24 | 4.64× | 2.94× | ||
| Q2 24 | — | 18.45× | ||
| Q1 24 | -0.17× | 27.94× |
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% |
SSP
| Local Media Segment | $355.1M | 63% |
| Scripps Networks | $199.5M | 36% |
| Political Advertising Revenue | $10.0M | 2% |
