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谷歌（GOOGL）与Townsquare Media, Inc.（TSQ）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Townsquare Media, Inc.的1068.8倍（$113.8B vs $106.5M）。谷歌净利率更高（30.3% vs -4.9%，领先35.2%）。谷歌同比增速更快（18.0% vs -9.6%）。谷歌自由现金流更多（$24.6B vs $9.2M）。过去两年谷歌的营收复合增速更高（18.9% vs 3.4%）
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。
Townsquare Media是总部位于美国纽约州帕切斯的广播电台网络与传媒企业，该公司起步于广播业务，在2000年代末通过收购MOG音乐网络，逐步拓展数字媒体业务。截至2024年6月，Townsquare Media是美国第三大调幅调频广播运营商，在全国74个市场共拥有349家电台。
GOOGL vs TSQ — 直观对比
营收规模更大
GOOGL
是对方的1068.8倍
$106.5M
营收增速更快
GOOGL
高出27.6%
-9.6%
净利率更高
GOOGL
高出35.2%
-4.9%
自由现金流更多
GOOGL
多$24.5B
$9.2M
两年增速更快
GOOGL
近两年复合增速
3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $113.8B | $106.5M |
| 净利润 | $34.5B | $-5.2M |
| 毛利率 | 59.8% | 24.1% |
| 营业利润率 | 31.6% | 9.5% |
| 净利率 | 30.3% | -4.9% |
| 营收同比 | 18.0% | -9.6% |
| 净利润同比 | 29.8% | -121.2% |
| 每股收益（稀释后） | $2.82 | — |
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GOOGLTSQ
| Q4 25 | $113.8B | $106.5M | ||
| Q3 25 | $102.3B | $106.8M | ||
| Q2 25 | $96.4B | $115.4M | ||
| Q1 25 | $90.2B | $98.7M | ||
| Q4 24 | $96.5B | $117.8M | ||
| Q3 24 | $88.3B | $115.3M | ||
| Q2 24 | $84.7B | $118.2M | ||
| Q1 24 | $80.5B | $99.6M |
净利润GOOGLTSQ
| Q4 25 | $34.5B | $-5.2M | ||
| Q3 25 | $35.0B | $-5.9M | ||
| Q2 25 | $28.2B | $1.6M | ||
| Q1 25 | $34.5B | $-2.0M | ||
| Q4 24 | $26.5B | $24.6M | ||
| Q3 24 | $26.3B | $10.8M | ||
| Q2 24 | $23.6B | $-49.2M | ||
| Q1 24 | $23.7B | $1.1M |
毛利率GOOGLTSQ
| Q4 25 | 59.8% | 24.1% | ||
| Q3 25 | 59.6% | 26.2% | ||
| Q2 25 | 59.5% | 28.3% | ||
| Q1 25 | 59.7% | 23.2% | ||
| Q4 24 | 57.9% | 31.6% | ||
| Q3 24 | 58.7% | 27.3% | ||
| Q2 24 | 58.1% | 27.7% | ||
| Q1 24 | 58.1% | 22.8% |
营业利润率GOOGLTSQ
| Q4 25 | 31.6% | 9.5% | ||
| Q3 25 | 30.5% | 5.6% | ||
| Q2 25 | 32.4% | 18.2% | ||
| Q1 25 | 33.9% | 7.2% | ||
| Q4 24 | 32.1% | 18.1% | ||
| Q3 24 | 32.3% | 13.1% | ||
| Q2 24 | 32.4% | -18.1% | ||
| Q1 24 | 31.6% | 6.7% |
净利率GOOGLTSQ
| Q4 25 | 30.3% | -4.9% | ||
| Q3 25 | 34.2% | -5.5% | ||
| Q2 25 | 29.2% | 1.4% | ||
| Q1 25 | 38.3% | -2.0% | ||
| Q4 24 | 27.5% | 20.8% | ||
| Q3 24 | 29.8% | 9.4% | ||
| Q2 24 | 27.9% | -41.7% | ||
| Q1 24 | 29.4% | 1.1% |
每股收益（稀释后）GOOGLTSQ
| Q4 25 | $2.82 | — | ||
| Q3 25 | $2.87 | $-0.36 | ||
| Q2 25 | $2.31 | $0.09 | ||
| Q1 25 | $2.81 | $-0.12 | ||
| Q4 24 | $2.14 | $1.76 | ||
| Q3 24 | $2.12 | $0.63 | ||
| Q2 24 | $1.89 | $-3.26 | ||
| Q1 24 | $1.89 | $0.06 |
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 | $4.8M |
| 总债务越低越好 | $49.1B | $433.0M |
| 股东权益账面价值 | $415.3B | $-41.0M |
| 总资产 | $595.3B | $528.6M |
| 负债/权益比越低杠杆越低 | 0.12× | — |
8季度趋势，按日历期对齐
现金及短期投资GOOGLTSQ
| Q4 25 | $126.8B | $4.8M | ||
| Q3 25 | $98.5B | $3.2M | ||
| Q2 25 | $95.1B | $3.2M | ||
| Q1 25 | $95.3B | $5.5M | ||
| Q4 24 | $95.7B | $33.0M | ||
| Q3 24 | $93.2B | $21.8M | ||
| Q2 24 | $100.7B | $28.5M | ||
| Q1 24 | $108.1B | $56.6M |
总债务GOOGLTSQ
| Q4 25 | $49.1B | $433.0M | ||
| Q3 25 | — | $437.6M | ||
| Q2 25 | — | $439.7M | ||
| Q1 25 | $10.9B | $448.4M | ||
| Q4 24 | $10.9B | $465.8M | ||
| Q3 24 | $12.3B | $476.7M | ||
| Q2 24 | $13.2B | $487.1M | ||
| Q1 24 | $13.2B | $500.1M |
股东权益GOOGLTSQ
| Q4 25 | $415.3B | $-41.0M | ||
| Q3 25 | $386.9B | $-34.0M | ||
| Q2 25 | $362.9B | $-27.1M | ||
| Q1 25 | $345.3B | $-26.8M | ||
| Q4 24 | $325.1B | $-28.4M | ||
| Q3 24 | $314.1B | $-52.5M | ||
| Q2 24 | $300.8B | $-64.1M | ||
| Q1 24 | $292.8B | $1.8M |
总资产GOOGLTSQ
| Q4 25 | $595.3B | $528.6M | ||
| Q3 25 | $536.5B | $539.2M | ||
| Q2 25 | $502.1B | $545.7M | ||
| Q1 25 | $475.4B | $544.5M | ||
| Q4 24 | $450.3B | $580.4M | ||
| Q3 24 | $430.3B | $565.4M | ||
| Q2 24 | $414.8B | $579.6M | ||
| Q1 24 | $407.4B | $636.7M |
负债/权益比GOOGLTSQ
| Q4 25 | 0.12× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.03× | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.04× | — | ||
| Q1 24 | 0.05× | 271.80× |
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 | $12.6M |
| 自由现金流经营现金流 - 资本支出 | $24.6B | $9.2M |
| 自由现金流率自由现金流/营收 | 21.6% | 8.6% |
| 资本支出强度资本支出/营收 | 24.5% | 3.2% |
| 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 | $15.4M |
8季度趋势，按日历期对齐
经营现金流GOOGLTSQ
| Q4 25 | $52.4B | $12.6M | ||
| Q3 25 | $48.4B | $7.9M | ||
| Q2 25 | $27.7B | $10.2M | ||
| Q1 25 | $36.1B | $-66.0K | ||
| Q4 24 | $39.1B | $28.2M | ||
| Q3 24 | $30.7B | $9.9M | ||
| Q2 24 | $26.6B | $9.0M | ||
| Q1 24 | $28.8B | $1.7M |
自由现金流GOOGLTSQ
| Q4 25 | $24.6B | $9.2M | ||
| Q3 25 | $24.5B | $4.3M | ||
| Q2 25 | $5.3B | $6.4M | ||
| Q1 25 | $19.0B | $-4.5M | ||
| Q4 24 | $24.8B | $24.5M | ||
| Q3 24 | $17.6B | $4.8M | ||
| Q2 24 | $13.5B | $4.8M | ||
| Q1 24 | $16.8B | $-2.8M |
自由现金流率GOOGLTSQ
| Q4 25 | 21.6% | 8.6% | ||
| Q3 25 | 23.9% | 4.1% | ||
| Q2 25 | 5.5% | 5.5% | ||
| Q1 25 | 21.0% | -4.6% | ||
| Q4 24 | 25.7% | 20.8% | ||
| Q3 24 | 20.0% | 4.1% | ||
| Q2 24 | 15.9% | 4.0% | ||
| Q1 24 | 20.9% | -2.8% |
资本支出强度GOOGLTSQ
| Q4 25 | 24.5% | 3.2% | ||
| Q3 25 | 23.4% | 3.3% | ||
| Q2 25 | 23.3% | 3.3% | ||
| Q1 25 | 19.1% | 4.5% | ||
| Q4 24 | 14.8% | 3.1% | ||
| Q3 24 | 14.8% | 4.4% | ||
| Q2 24 | 15.6% | 3.6% | ||
| Q1 24 | 14.9% | 4.4% |
现金转化率GOOGLTSQ
| Q4 25 | 1.52× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 0.98× | 6.51× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | 1.15× | ||
| Q3 24 | 1.17× | 0.91× | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 1.22× | 1.47× |
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% |
TSQ
| Broadcast Advertising Segment | $46.4M | 44% |
| Digital Advertising Segment | $41.7M | 39% |
| Subscription Digital Marketing Solutions Segment | $18.4M | 17% |
