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游戏驿站（GME）与伟世通（VC）财务数据对比。点击上方公司名可切换其他公司
伟世通的季度营收约是游戏驿站的1.2倍（$948.0M vs $821.0M），游戏驿站净利率更高（9.4% vs 7.8%，领先1.6%），伟世通同比增速更快（1.0% vs -4.6%），过去两年伟世通的营收复合增速更高（0.8% 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。
伟世通是一家总部位于美国密歇根州范布伦镇区的全球性汽车电子供应商，业务涵盖汽车座舱电子产品、车联网服务以及电动化相关产品的设计、研发与制造，客户几乎覆盖全球所有主流汽车制造商。
GME vs VC — 直观对比
营收规模更大
VC
是对方的1.2倍
$821.0M
营收增速更快
VC
高出5.5%
-4.6%
净利率更高
GME
高出1.6%
7.8%
两年增速更快
VC
近两年复合增速
-32.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $821.0M | $948.0M |
| 净利润 | $77.1M | $74.0M |
| 毛利率 | 33.3% | 12.9% |
| 营业利润率 | 5.0% | 6.9% |
| 净利率 | 9.4% | 7.8% |
| 营收同比 | -4.6% | 1.0% |
| 净利润同比 | 343.1% | -40.8% |
| 每股收益（稀释后） | $0.13 | $2.67 |
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GMEVC
| Q4 25 | $821.0M | $948.0M | ||
| Q3 25 | $972.2M | $917.0M | ||
| Q2 25 | $732.4M | $969.0M | ||
| Q1 25 | $1.3B | $934.0M | ||
| Q4 24 | $860.3M | $939.0M | ||
| Q3 24 | $798.3M | $980.0M | ||
| Q2 24 | $881.8M | $1.0B | ||
| Q1 24 | $1.8B | $933.0M |
净利润GMEVC
| Q4 25 | $77.1M | $74.0M | ||
| Q3 25 | $168.6M | $-11.0M | ||
| Q2 25 | $44.8M | $71.0M | ||
| Q1 25 | $131.4M | $67.0M | ||
| Q4 24 | $17.4M | $125.0M | ||
| Q3 24 | $14.8M | $40.0M | ||
| Q2 24 | $-32.3M | $83.0M | ||
| Q1 24 | $63.1M | $48.0M |
毛利率GMEVC
| Q4 25 | 33.3% | 12.9% | ||
| Q3 25 | 29.1% | 14.3% | ||
| Q2 25 | 34.5% | 14.6% | ||
| Q1 25 | 28.3% | 14.8% | ||
| Q4 24 | 29.9% | 14.3% | ||
| Q3 24 | 31.2% | 13.4% | ||
| Q2 24 | 27.7% | 14.5% | ||
| Q1 24 | 23.4% | 12.8% |
营业利润率GMEVC
| Q4 25 | 5.0% | 6.9% | ||
| Q3 25 | 6.8% | 8.8% | ||
| Q2 25 | -1.5% | 10.0% | ||
| Q1 25 | 6.2% | 10.2% | ||
| Q4 24 | -3.9% | 8.9% | ||
| Q3 24 | -2.8% | 5.2% | ||
| Q2 24 | -5.7% | 9.9% | ||
| Q1 24 | 3.1% | 6.8% |
净利率GMEVC
| Q4 25 | 9.4% | 7.8% | ||
| Q3 25 | 17.3% | -1.2% | ||
| Q2 25 | 6.1% | 7.3% | ||
| Q1 25 | 10.2% | 7.2% | ||
| Q4 24 | 2.0% | 13.3% | ||
| Q3 24 | 1.9% | 4.1% | ||
| Q2 24 | -3.7% | 8.2% | ||
| Q1 24 | 3.5% | 5.1% |
每股收益（稀释后）GMEVC
| Q4 25 | $0.13 | $2.67 | ||
| Q3 25 | $0.31 | $-0.40 | ||
| Q2 25 | $0.09 | $2.57 | ||
| Q1 25 | $0.36 | $2.44 | ||
| Q4 24 | $0.04 | $4.50 | ||
| Q3 24 | $0.04 | $1.43 | ||
| Q2 24 | $-0.11 | $2.97 | ||
| Q1 24 | $0.21 | $1.71 |
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 | $771.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.3B | $1.6B |
| 总资产 | $10.6B | $3.4B |
| 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GMEVC
| Q4 25 | $8.8B | $771.0M | ||
| Q3 25 | $8.7B | $762.0M | ||
| Q2 25 | $6.4B | $668.0M | ||
| Q1 25 | $4.8B | $655.0M | ||
| Q4 24 | $4.6B | $623.0M | ||
| Q3 24 | $4.2B | $550.0M | ||
| Q2 24 | $1.1B | $505.0M | ||
| Q1 24 | $1.2B | $504.0M |
总债务GMEVC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $16.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $28.5M | — |
股东权益GMEVC
| Q4 25 | $5.3B | $1.6B | ||
| Q3 25 | $5.2B | $1.5B | ||
| Q2 25 | $5.0B | $1.5B | ||
| Q1 25 | $4.9B | $1.4B | ||
| Q4 24 | $4.8B | $1.3B | ||
| Q3 24 | $4.4B | $1.3B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.3B | $1.1B |
总资产GMEVC
| Q4 25 | $10.6B | $3.4B | ||
| Q3 25 | $10.3B | $3.3B | ||
| Q2 25 | $7.5B | $3.3B | ||
| Q1 25 | $5.9B | $3.1B | ||
| Q4 24 | $6.2B | $3.0B | ||
| Q3 24 | $5.5B | $3.0B | ||
| Q2 24 | $2.6B | $2.8B | ||
| Q1 24 | $2.7B | $2.8B |
负债/权益比GMEVC
| 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 | $118.0M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | — |
| 自由现金流率自由现金流/营收 | 13.0% | — |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 现金转化率经营现金流/净利润 | 1.44× | 1.59× |
| 过去12个月自由现金流最近4个季度 | $568.7M | — |
8季度趋势，按日历期对齐
经营现金流GMEVC
| Q4 25 | $111.3M | $118.0M | ||
| Q3 25 | $117.4M | $127.0M | ||
| Q2 25 | $192.5M | $95.0M | ||
| Q1 25 | $162.3M | $70.0M | ||
| Q4 24 | $24.6M | $203.0M | ||
| Q3 24 | $68.6M | $98.0M | ||
| Q2 24 | $-109.8M | $57.0M | ||
| Q1 24 | $-11.0M | $69.0M |
自由现金流GMEVC
| Q4 25 | $107.0M | — | ||
| Q3 25 | $113.3M | — | ||
| Q2 25 | $189.6M | — | ||
| Q1 25 | $158.8M | — | ||
| Q4 24 | $20.0M | — | ||
| Q3 24 | $65.5M | — | ||
| Q2 24 | $-114.7M | — | ||
| Q1 24 | $-18.7M | — |
自由现金流率GMEVC
| Q4 25 | 13.0% | — | ||
| Q3 25 | 11.7% | — | ||
| Q2 25 | 25.9% | — | ||
| Q1 25 | 12.4% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | -13.0% | — | ||
| Q1 24 | -1.0% | — |
资本支出强度GMEVC
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 0.4% | — |
现金转化率GMEVC
| Q4 25 | 1.44× | 1.59× | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 4.30× | 1.34× | ||
| Q1 25 | 1.24× | 1.04× | ||
| Q4 24 | 1.41× | 1.62× | ||
| Q3 24 | 4.64× | 2.45× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | -0.17× | 1.44× |
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% |
VC
| Audioandinfotainment | $508.0M | 54% |
| Informationdisplays | $428.0M | 45% |
