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和黄医药（HCM）与OUTFRONT Media Inc.（OUT）财务数据对比。点击上方公司名可切换其他公司
OUTFRONT Media Inc.的季度营收约是和黄医药的1.9倍（$513.3M vs $270.8M），OUTFRONT Media Inc.净利率更高（18.9% vs 0.7%，领先18.1%），OUTFRONT Media Inc.同比增速更快（4.1% vs -16.5%），OUTFRONT Media Inc.自由现金流更多（$93.3M vs $3.4M）
和黄医药是一家国际化生物制药企业，专注于肿瘤、免疫类疾病的靶向疗法与免疫疗法的研发、生产及商业化，核心市场覆盖中国及全球多个国家地区，已有多款肿瘤治疗药物上市，后期临床管线储备丰富。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
HCM vs OUT — 直观对比
营收规模更大
OUT
是对方的1.9倍
$270.8M
营收增速更快
OUT
高出20.6%
-16.5%
净利率更高
OUT
高出18.1%
0.7%
自由现金流更多
OUT
多$89.9M
$3.4M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.8M | $513.3M |
| 净利润 | $2.0M | $96.8M |
| 毛利率 | 37.7% | — |
| 营业利润率 | -13.2% | 26.0% |
| 净利率 | 0.7% | 18.9% |
| 营收同比 | -16.5% | 4.1% |
| 净利润同比 | -83.6% | 30.8% |
| 每股收益（稀释后） | $0.00 | $0.57 |
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HCMOUT
| Q4 25 | $270.8M | $513.3M | ||
| Q3 25 | — | $467.5M | ||
| Q2 25 | $277.7M | $460.2M | ||
| Q1 25 | $324.5M | $390.7M | ||
| Q4 24 | — | $493.2M | ||
| Q3 24 | — | $451.9M | ||
| Q2 24 | $305.7M | $477.3M | ||
| Q1 24 | — | $408.5M |
净利润HCMOUT
| Q4 25 | $2.0M | $96.8M | ||
| Q3 25 | — | $51.3M | ||
| Q2 25 | $455.0M | $19.5M | ||
| Q1 25 | $11.9M | $-20.6M | ||
| Q4 24 | — | $74.0M | ||
| Q3 24 | — | $34.6M | ||
| Q2 24 | $25.8M | $176.8M | ||
| Q1 24 | — | $-27.2M |
毛利率HCMOUT
| Q4 25 | 37.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 48.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 41.1% | — | ||
| Q1 24 | — | — |
营业利润率HCMOUT
| Q4 25 | -13.2% | 26.0% | ||
| Q3 25 | — | 19.2% | ||
| Q2 25 | -1.3% | 12.2% | ||
| Q1 25 | -5.0% | 3.6% | ||
| Q4 24 | — | 22.5% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | -9.0% | 48.0% | ||
| Q1 24 | — | 3.4% |
净利率HCMOUT
| Q4 25 | 0.7% | 18.9% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | 163.8% | 4.2% | ||
| Q1 25 | 3.7% | -5.3% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | 8.4% | 37.0% | ||
| Q1 24 | — | -6.7% |
每股收益（稀释后）HCMOUT
| Q4 25 | $0.00 | $0.57 | ||
| Q3 25 | — | $0.29 | ||
| Q2 25 | $0.52 | $0.10 | ||
| Q1 25 | $0.01 | $-0.14 | ||
| Q4 24 | — | $0.49 | ||
| Q3 24 | — | $0.19 | ||
| Q2 24 | $0.03 | $1.01 | ||
| Q1 24 | — | $-0.18 |
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 | $1.4B | $99.9M |
| 总债务越低越好 | $93.2M | — |
| 股东权益账面价值 | $1.2B | $710.4M |
| 总资产 | $1.8B | $5.3B |
| 负债/权益比越低杠杆越低 | 0.08× | — |
8季度趋势，按日历期对齐
现金及短期投资HCMOUT
| Q4 25 | $1.4B | $99.9M | ||
| Q3 25 | — | $63.0M | ||
| Q2 25 | $1.4B | $28.5M | ||
| Q1 25 | $836.1M | $30.5M | ||
| Q4 24 | — | $46.9M | ||
| Q3 24 | — | $28.0M | ||
| Q2 24 | $802.5M | $49.6M | ||
| Q1 24 | — | $42.4M |
总债务HCMOUT
| Q4 25 | $93.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $82.1M | — | ||
| Q1 24 | — | — |
股东权益HCMOUT
| Q4 25 | $1.2B | $710.4M | ||
| Q3 25 | — | $542.6M | ||
| Q2 25 | $1.2B | $539.1M | ||
| Q1 25 | $759.9M | $566.9M | ||
| Q4 24 | — | $649.0M | ||
| Q3 24 | — | $618.2M | ||
| Q2 24 | $740.1M | $664.9M | ||
| Q1 24 | — | $524.2M |
总资产HCMOUT
| Q4 25 | $1.8B | $5.3B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | $1.8B | $5.1B | ||
| Q1 25 | $1.3B | $5.1B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | $1.3B | $5.3B | ||
| Q1 24 | — | $5.5B |
负债/权益比HCMOUT
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.11× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.11× | — | ||
| Q1 24 | — | — |
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 | $8.2M | $118.1M |
| 自由现金流经营现金流 - 资本支出 | $3.4M | $93.3M |
| 自由现金流率自由现金流/营收 | 1.2% | 18.2% |
| 资本支出强度资本支出/营收 | 1.8% | 4.8% |
| 现金转化率经营现金流/净利润 | 4.21× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $-96.2M | $218.8M |
8季度趋势，按日历期对齐
经营现金流HCMOUT
| Q4 25 | $8.2M | $118.1M | ||
| Q3 25 | — | $88.8M | ||
| Q2 25 | $-72.9M | $67.1M | ||
| Q1 25 | $40.3M | $33.6M | ||
| Q4 24 | — | $124.5M | ||
| Q3 24 | — | $73.1M | ||
| Q2 24 | $-39.8M | $71.0M | ||
| Q1 24 | — | $30.6M |
自由现金流HCMOUT
| Q4 25 | $3.4M | $93.3M | ||
| Q3 25 | — | $67.7M | ||
| Q2 25 | $-82.2M | $41.4M | ||
| Q1 25 | $32.5M | $16.4M | ||
| Q4 24 | — | $106.3M | ||
| Q3 24 | — | $55.5M | ||
| Q2 24 | $-49.9M | $47.1M | ||
| Q1 24 | — | $12.2M |
自由现金流率HCMOUT
| Q4 25 | 1.2% | 18.2% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | -29.6% | 9.0% | ||
| Q1 25 | 10.0% | 4.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | -16.3% | 9.9% | ||
| Q1 24 | — | 3.0% |
资本支出强度HCMOUT
| Q4 25 | 1.8% | 4.8% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | 3.3% | 5.6% | ||
| Q1 25 | 2.4% | 4.4% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | 3.3% | 5.0% | ||
| Q1 24 | — | 4.5% |
现金转化率HCMOUT
| Q4 25 | 4.21× | 1.22× | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | -0.16× | 3.44× | ||
| Q1 25 | 3.38× | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | -1.54× | 0.40× | ||
| Q1 24 | — | — |
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
HCM
暂无分部数据
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
