vs
游戏驿站（GME）与惠好（WY）财务数据对比。点击上方公司名可切换其他公司
惠好的季度营收约是游戏驿站的1.9倍（$1.5B vs $821.0M），游戏驿站净利率更高（9.4% vs 4.8%，领先4.6%），游戏驿站同比增速更快（-4.6% vs -9.8%），游戏驿站自由现金流更多（$107.0M vs $-128.0M），过去两年惠好的营收复合增速更高（-7.4% 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。
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
GME vs WY — 直观对比
营收规模更大
WY
是对方的1.9倍
$821.0M
营收增速更快
GME
高出5.2%
-9.8%
净利率更高
GME
高出4.6%
4.8%
自由现金流更多
GME
多$235.0M
$-128.0M
两年增速更快
WY
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 | $74.0M |
| 毛利率 | 33.3% | 10.4% |
| 营业利润率 | 5.0% | 16.3% |
| 净利率 | 9.4% | 4.8% |
| 营收同比 | -4.6% | -9.8% |
| 净利润同比 | 343.1% | -8.6% |
| 每股收益（稀释后） | $0.13 | $0.11 |
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GMEWY
| Q4 25 | $821.0M | $1.5B | ||
| Q3 25 | $972.2M | $1.7B | ||
| Q2 25 | $732.4M | $1.9B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $860.3M | $1.7B | ||
| Q3 24 | $798.3M | $1.7B | ||
| Q2 24 | $881.8M | $1.9B | ||
| Q1 24 | $1.8B | $1.8B |
净利润GMEWY
| Q4 25 | $77.1M | $74.0M | ||
| Q3 25 | $168.6M | $80.0M | ||
| Q2 25 | $44.8M | $87.0M | ||
| Q1 25 | $131.4M | $83.0M | ||
| Q4 24 | $17.4M | $81.0M | ||
| Q3 24 | $14.8M | $28.0M | ||
| Q2 24 | $-32.3M | $173.0M | ||
| Q1 24 | $63.1M | $114.0M |
毛利率GMEWY
| Q4 25 | 33.3% | 10.4% | ||
| Q3 25 | 29.1% | 11.9% | ||
| Q2 25 | 34.5% | 17.3% | ||
| Q1 25 | 28.3% | 19.0% | ||
| Q4 24 | 29.9% | 17.8% | ||
| Q3 24 | 31.2% | 14.9% | ||
| Q2 24 | 27.7% | 20.8% | ||
| Q1 24 | 23.4% | 19.8% |
营业利润率GMEWY
| Q4 25 | 5.0% | 16.3% | ||
| Q3 25 | 6.8% | 7.2% | ||
| Q2 25 | -1.5% | 9.4% | ||
| Q1 25 | 6.2% | 10.2% | ||
| Q4 24 | -3.9% | 8.3% | ||
| Q3 24 | -2.8% | 4.6% | ||
| Q2 24 | -5.7% | 13.9% | ||
| Q1 24 | 3.1% | 10.9% |
净利率GMEWY
| Q4 25 | 9.4% | 4.8% | ||
| Q3 25 | 17.3% | 4.7% | ||
| Q2 25 | 6.1% | 4.6% | ||
| Q1 25 | 10.2% | 4.7% | ||
| Q4 24 | 2.0% | 4.7% | ||
| Q3 24 | 1.9% | 1.7% | ||
| Q2 24 | -3.7% | 8.9% | ||
| Q1 24 | 3.5% | 6.3% |
每股收益（稀释后）GMEWY
| Q4 25 | $0.13 | $0.11 | ||
| Q3 25 | $0.31 | $0.11 | ||
| Q2 25 | $0.09 | $0.12 | ||
| Q1 25 | $0.36 | $0.11 | ||
| Q4 24 | $0.04 | $0.10 | ||
| Q3 24 | $0.04 | $0.04 | ||
| Q2 24 | $-0.11 | $0.24 | ||
| Q1 24 | $0.21 | $0.16 |
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 | $464.0M |
| 总债务越低越好 | — | $5.6B |
| 股东权益账面价值 | $5.3B | $9.4B |
| 总资产 | $10.6B | $16.6B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资GMEWY
| Q4 25 | $8.8B | $464.0M | ||
| Q3 25 | $8.7B | $401.0M | ||
| Q2 25 | $6.4B | $592.0M | ||
| Q1 25 | $4.8B | $560.0M | ||
| Q4 24 | $4.6B | $684.0M | ||
| Q3 24 | $4.2B | $877.0M | ||
| Q2 24 | $1.1B | $997.0M | ||
| Q1 24 | $1.2B | $871.0M |
总债务GMEWY
| Q4 25 | — | $5.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $16.9M | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $28.5M | — |
股东权益GMEWY
| Q4 25 | $5.3B | $9.4B | ||
| Q3 25 | $5.2B | $9.4B | ||
| Q2 25 | $5.0B | $9.5B | ||
| Q1 25 | $4.9B | $9.6B | ||
| Q4 24 | $4.8B | $9.7B | ||
| Q3 24 | $4.4B | $9.9B | ||
| Q2 24 | $1.3B | $10.0B | ||
| Q1 24 | $1.3B | $10.1B |
总资产GMEWY
| Q4 25 | $10.6B | $16.6B | ||
| Q3 25 | $10.3B | $16.7B | ||
| Q2 25 | $7.5B | $16.5B | ||
| Q1 25 | $5.9B | $16.5B | ||
| Q4 24 | $6.2B | $16.5B | ||
| Q3 24 | $5.5B | $16.7B | ||
| Q2 24 | $2.6B | $16.8B | ||
| Q1 24 | $2.7B | $16.8B |
负债/权益比GMEWY
| Q4 25 | — | 0.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | — | 0.52× | ||
| 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 | $-114.0M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $-128.0M |
| 自由现金流率自由现金流/营收 | 13.0% | -8.3% |
| 资本支出强度资本支出/营收 | 0.5% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.44× | -1.54× |
| 过去12个月自由现金流最近4个季度 | $568.7M | $511.0M |
8季度趋势，按日历期对齐
经营现金流GMEWY
| Q4 25 | $111.3M | $-114.0M | ||
| Q3 25 | $117.4M | $210.0M | ||
| Q2 25 | $192.5M | $396.0M | ||
| Q1 25 | $162.3M | $70.0M | ||
| Q4 24 | $24.6M | $218.0M | ||
| Q3 24 | $68.6M | $234.0M | ||
| Q2 24 | $-109.8M | $432.0M | ||
| Q1 24 | $-11.0M | $124.0M |
自由现金流GMEWY
| Q4 25 | $107.0M | $-128.0M | ||
| Q3 25 | $113.3M | $203.0M | ||
| Q2 25 | $189.6M | $388.0M | ||
| Q1 25 | $158.8M | $48.0M | ||
| Q4 24 | $20.0M | $205.0M | ||
| Q3 24 | $65.5M | $226.0M | ||
| Q2 24 | $-114.7M | $423.0M | ||
| Q1 24 | $-18.7M | $102.0M |
自由现金流率GMEWY
| Q4 25 | 13.0% | -8.3% | ||
| Q3 25 | 11.7% | 11.8% | ||
| Q2 25 | 25.9% | 20.6% | ||
| Q1 25 | 12.4% | 2.7% | ||
| Q4 24 | 2.3% | 12.0% | ||
| Q3 24 | 8.2% | 13.4% | ||
| Q2 24 | -13.0% | 21.8% | ||
| Q1 24 | -1.0% | 5.7% |
资本支出强度GMEWY
| Q4 25 | 0.5% | 0.9% | ||
| Q3 25 | 0.4% | 0.4% | ||
| Q2 25 | 0.4% | 0.4% | ||
| Q1 25 | 0.3% | 1.2% | ||
| Q4 24 | 0.5% | 0.8% | ||
| Q3 24 | 0.4% | 0.5% | ||
| Q2 24 | 0.6% | 0.5% | ||
| Q1 24 | 0.4% | 1.2% |
现金转化率GMEWY
| Q4 25 | 1.44× | -1.54× | ||
| Q3 25 | 0.70× | 2.63× | ||
| Q2 25 | 4.30× | 4.55× | ||
| Q1 25 | 1.24× | 0.84× | ||
| Q4 24 | 1.41× | 2.69× | ||
| Q3 24 | 4.64× | 8.36× | ||
| Q2 24 | — | 2.50× | ||
| Q1 24 | -0.17× | 1.09× |
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% |
WY
暂无分部数据
