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谷歌（GOOGL）与NEXSTAR MEDIA GROUP, INC.（NXST）财务数据对比。点击上方公司名可切换其他公司
谷歌的季度营收约是NEXSTAR MEDIA GROUP, INC.的88.4倍（$113.8B vs $1.3B）。谷歌净利率更高（30.3% vs -12.9%，领先43.2%）。谷歌同比增速更快（18.0% vs -13.4%）。谷歌自由现金流更多（$24.6B vs $136.0M）。过去两年谷歌的营收复合增速更高（18.9% vs 0.2%）
Alphabet Inc.是谷歌的母公司，业务覆盖美洲、欧洲、亚太、中东、非洲等全球主要区域，下设谷歌服务、谷歌云、创新投项三大业务板块。谷歌服务板块涵盖广告、安卓系统、Chrome、硬件、搜索、YouTube、邮箱、云盘、地图等多款产品，同时提供应用及数字内容售卖相关服务。
Nexstar Media Group, Inc.是美国上市传媒企业，总部设于得克萨斯州欧文、曼哈顿中城及芝加哥，1996年6月17日成立。作为美国规模最大的电视台运营商，集团在全美共拥有197家电视台，多数为美国四大广播电视网及MyNetworkTV附属台，覆盖从纽约到得州圣安杰洛等不同规模的市场。
GOOGL vs NXST — 直观对比
营收规模更大
GOOGL
是对方的88.4倍
$1.3B
营收增速更快
GOOGL
高出31.4%
-13.4%
净利率更高
GOOGL
高出43.2%
-12.9%
自由现金流更多
GOOGL
多$24.4B
$136.0M
两年增速更快
GOOGL
近两年复合增速
0.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $113.8B | $1.3B |
| 净利润 | $34.5B | $-166.0M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.6% | 18.7% |
| 净利率 | 30.3% | -12.9% |
| 营收同比 | 18.0% | -13.4% |
| 净利润同比 | 29.8% | -168.6% |
| 每股收益（稀释后） | $2.82 | $-5.57 |
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GOOGLNXST
| Q4 25 | $113.8B | $1.3B | ||
| Q3 25 | $102.3B | $1.2B | ||
| Q2 25 | $96.4B | $1.2B | ||
| Q1 25 | $90.2B | $1.2B | ||
| Q4 24 | $96.5B | $1.5B | ||
| Q3 24 | $88.3B | $1.4B | ||
| Q2 24 | $84.7B | $1.3B | ||
| Q1 24 | $80.5B | $1.3B |
净利润GOOGLNXST
| Q4 25 | $34.5B | $-166.0M | ||
| Q3 25 | $35.0B | $70.0M | ||
| Q2 25 | $28.2B | $97.0M | ||
| Q1 25 | $34.5B | $108.0M | ||
| Q4 24 | $26.5B | $242.0M | ||
| Q3 24 | $26.3B | $187.0M | ||
| Q2 24 | $23.6B | $118.0M | ||
| Q1 24 | $23.7B | $175.0M |
毛利率GOOGLNXST
| Q4 25 | 59.8% | — | ||
| Q3 25 | 59.6% | — | ||
| Q2 25 | 59.5% | — | ||
| Q1 25 | 59.7% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 58.7% | — | ||
| Q2 24 | 58.1% | — | ||
| Q1 24 | 58.1% | — |
营业利润率GOOGLNXST
| Q4 25 | 31.6% | 18.7% | ||
| Q3 25 | 30.5% | 14.6% | ||
| Q2 25 | 32.4% | 17.3% | ||
| Q1 25 | 33.9% | 17.8% | ||
| Q4 24 | 32.1% | 28.1% | ||
| Q3 24 | 32.3% | 24.5% | ||
| Q2 24 | 32.4% | 18.9% | ||
| Q1 24 | 31.6% | 21.4% |
净利率GOOGLNXST
| Q4 25 | 30.3% | -12.9% | ||
| Q3 25 | 34.2% | 5.8% | ||
| Q2 25 | 29.2% | 7.9% | ||
| Q1 25 | 38.3% | 8.8% | ||
| Q4 24 | 27.5% | 16.3% | ||
| Q3 24 | 29.8% | 13.7% | ||
| Q2 24 | 27.9% | 9.3% | ||
| Q1 24 | 29.4% | 13.6% |
每股收益（稀释后）GOOGLNXST
| Q4 25 | $2.82 | $-5.57 | ||
| Q3 25 | $2.87 | $2.14 | ||
| Q2 25 | $2.31 | $3.06 | ||
| Q1 25 | $2.81 | $3.37 | ||
| Q4 24 | $2.14 | $7.44 | ||
| Q3 24 | $2.12 | $5.27 | ||
| Q2 24 | $1.89 | $3.54 | ||
| Q1 24 | $1.89 | $5.16 |
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 | $126.8B | $280.0M |
| 总债务越低越好 | $49.1B | $6.3B |
| 股东权益账面价值 | $415.3B | $2.1B |
| 总资产 | $595.3B | $10.8B |
| 负债/权益比越低杠杆越低 | 0.12× | 3.07× |
8季度趋势，按日历期对齐
现金及短期投资GOOGLNXST
| Q4 25 | $126.8B | $280.0M | ||
| Q3 25 | $98.5B | $236.0M | ||
| Q2 25 | $95.1B | $234.0M | ||
| Q1 25 | $95.3B | $253.0M | ||
| Q4 24 | $95.7B | $144.0M | ||
| Q3 24 | $93.2B | $181.0M | ||
| Q2 24 | $100.7B | $146.0M | ||
| Q1 24 | $108.1B | $237.0M |
总债务GOOGLNXST
| Q4 25 | $49.1B | $6.3B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | $10.9B | $6.5B | ||
| Q4 24 | $10.9B | $6.5B | ||
| Q3 24 | $12.3B | $6.7B | ||
| Q2 24 | $13.2B | $6.8B | ||
| Q1 24 | $13.2B | $6.8B |
股东权益GOOGLNXST
| Q4 25 | $415.3B | $2.1B | ||
| Q3 25 | $386.9B | $2.3B | ||
| Q2 25 | $362.9B | $2.3B | ||
| Q1 25 | $345.3B | $2.2B | ||
| Q4 24 | $325.1B | $2.3B | ||
| Q3 24 | $314.1B | $2.2B | ||
| Q2 24 | $300.8B | $2.3B | ||
| Q1 24 | $292.8B | $2.3B |
总资产GOOGLNXST
| Q4 25 | $595.3B | $10.8B | ||
| Q3 25 | $536.5B | $11.2B | ||
| Q2 25 | $502.1B | $11.3B | ||
| Q1 25 | $475.4B | $11.4B | ||
| Q4 24 | $450.3B | $11.5B | ||
| Q3 24 | $430.3B | $11.7B | ||
| Q2 24 | $414.8B | $11.8B | ||
| Q1 24 | $407.4B | $11.9B |
负债/权益比GOOGLNXST
| Q4 25 | 0.12× | 3.07× | ||
| Q3 25 | — | 2.78× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | 0.03× | 2.89× | ||
| Q4 24 | 0.03× | 2.89× | ||
| Q3 24 | 0.04× | 3.02× | ||
| Q2 24 | 0.04× | 2.99× | ||
| Q1 24 | 0.05× | 2.93× |
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 | $52.4B | $190.0M |
| 自由现金流经营现金流 - 资本支出 | $24.6B | $136.0M |
| 自由现金流率自由现金流/营收 | 21.6% | 10.6% |
| 资本支出强度资本支出/营收 | 24.5% | 4.2% |
| 现金转化率经营现金流/净利润 | 1.52× | — |
| 过去12个月自由现金流最近4个季度 | $73.3B | $743.0M |
8季度趋势，按日历期对齐
经营现金流GOOGLNXST
| Q4 25 | $52.4B | $190.0M | ||
| Q3 25 | $48.4B | $117.0M | ||
| Q2 25 | $27.7B | $247.0M | ||
| Q1 25 | $36.1B | $337.0M | ||
| Q4 24 | $39.1B | $411.0M | ||
| Q3 24 | $30.7B | $387.0M | ||
| Q2 24 | $26.6B | $176.0M | ||
| Q1 24 | $28.8B | $276.0M |
自由现金流GOOGLNXST
| Q4 25 | $24.6B | $136.0M | ||
| Q3 25 | $24.5B | $87.0M | ||
| Q2 25 | $5.3B | $218.0M | ||
| Q1 25 | $19.0B | $302.0M | ||
| Q4 24 | $24.8B | $376.0M | ||
| Q3 24 | $17.6B | $358.0M | ||
| Q2 24 | $13.5B | $139.0M | ||
| Q1 24 | $16.8B | $232.0M |
自由现金流率GOOGLNXST
| Q4 25 | 21.6% | 10.6% | ||
| Q3 25 | 23.9% | 7.3% | ||
| Q2 25 | 5.5% | 17.7% | ||
| Q1 25 | 21.0% | 24.5% | ||
| Q4 24 | 25.7% | 25.3% | ||
| Q3 24 | 20.0% | 26.2% | ||
| Q2 24 | 15.9% | 11.0% | ||
| Q1 24 | 20.9% | 18.1% |
资本支出强度GOOGLNXST
| Q4 25 | 24.5% | 4.2% | ||
| Q3 25 | 23.4% | 2.5% | ||
| Q2 25 | 23.3% | 2.4% | ||
| Q1 25 | 19.1% | 2.8% | ||
| Q4 24 | 14.8% | 2.4% | ||
| Q3 24 | 14.8% | 2.1% | ||
| Q2 24 | 15.6% | 2.9% | ||
| Q1 24 | 14.9% | 3.4% |
现金转化率GOOGLNXST
| Q4 25 | 1.52× | — | ||
| Q3 25 | 1.38× | 1.67× | ||
| Q2 25 | 0.98× | 2.55× | ||
| Q1 25 | 1.05× | 3.12× | ||
| Q4 24 | 1.47× | 1.70× | ||
| Q3 24 | 1.17× | 2.07× | ||
| Q2 24 | 1.13× | 1.49× | ||
| Q1 24 | 1.22× | 1.58× |
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
GOOGL
| Google Search | $63.1B | 55% |
| Google Cloud | $17.7B | 16% |
| Subscriptions & Devices | $13.6B | 12% |
| YouTube | $11.4B | 10% |
| Google Network | $7.8B | 7% |
NXST
| Distribution Service | $704.0M | 55% |
| Advertising | $491.0M | 38% |
| Other | $78.0M | 6% |
| Corporate | $3.0M | 0% |
