vs
亨斯迈（HUN）与TKO Group Holdings（TKO）财务数据对比。点击上方公司名可切换其他公司
亨斯迈的季度营收约是TKO Group Holdings的1.3倍（$1.4B vs $1.0B），TKO Group Holdings净利率更高（-0.2% vs -7.1%，领先6.9%），TKO Group Holdings同比增速更快（61.6% vs -6.7%），过去两年TKO Group Holdings的营收复合增速更高（28.4% vs -4.0%）
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
TKO Group Holdings是美国体育及体育娱乐上市企业，成立于2023年9月12日，由奋进集团（Endeavor）子公司、终极格斗冠军赛（UFC）母公司Zuffa与职业摔跤品牌世界摔角娱乐（WWE）合并组建，主营综合格斗、职业摔跤赛事运营及相关娱乐内容业务。
HUN vs TKO — 直观对比
营收规模更大
HUN
是对方的1.3倍
$1.0B
营收增速更快
TKO
高出68.3%
-6.7%
净利率更高
TKO
高出6.9%
-7.1%
两年增速更快
TKO
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $-96.0M | $-2.4M |
| 毛利率 | 12.1% | — |
| 营业利润率 | -4.4% | 5.5% |
| 净利率 | -7.1% | -0.2% |
| 营收同比 | -6.7% | 61.6% |
| 净利润同比 | 31.9% | -107.7% |
| 每股收益（稀释后） | $-0.56 | $-0.07 |
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HUNTKO
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.5B | $642.2M | ||
| Q3 24 | $1.5B | $681.3M | ||
| Q2 24 | $1.6B | $851.2M | ||
| Q1 24 | $1.5B | $629.7M |
净利润HUNTKO
| Q4 25 | $-96.0M | $-2.4M | ||
| Q3 25 | $-25.0M | $41.0M | ||
| Q2 25 | $-158.0M | $98.4M | ||
| Q1 25 | $-5.0M | $58.4M | ||
| Q4 24 | $-141.0M | $31.0M | ||
| Q3 24 | $-33.0M | $23.1M | ||
| Q2 24 | $22.0M | $59.1M | ||
| Q1 24 | $-37.0M | $-103.8M |
毛利率HUNTKO
| Q4 25 | 12.1% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | 14.3% | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 15.4% | — | ||
| Q1 24 | 13.7% | — |
营业利润率HUNTKO
| Q4 25 | -4.4% | 5.5% | ||
| Q3 25 | 0.4% | 15.4% | ||
| Q2 25 | -8.2% | 28.1% | ||
| Q1 25 | 3.0% | 18.7% | ||
| Q4 24 | -4.3% | 15.9% | ||
| Q3 24 | 2.7% | 20.0% | ||
| Q2 24 | 2.2% | 30.0% | ||
| Q1 24 | -2.6% | -33.4% |
净利率HUNTKO
| Q4 25 | -7.1% | -0.2% | ||
| Q3 25 | -1.7% | 3.7% | ||
| Q2 25 | -10.8% | 7.5% | ||
| Q1 25 | -0.4% | 4.6% | ||
| Q4 24 | -9.7% | 4.8% | ||
| Q3 24 | -2.1% | 3.4% | ||
| Q2 24 | 1.4% | 6.9% | ||
| Q1 24 | -2.5% | -16.5% |
每股收益（稀释后）HUNTKO
| Q4 25 | $-0.56 | $-0.07 | ||
| Q3 25 | $-0.14 | $0.47 | ||
| Q2 25 | $-0.92 | $1.17 | ||
| Q1 25 | $-0.03 | $0.69 | ||
| Q4 24 | $-0.82 | $0.28 | ||
| Q3 24 | $-0.19 | $0.28 | ||
| Q2 24 | $0.13 | $0.72 | ||
| Q1 24 | $-0.22 | $-1.26 |
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 | $429.0M | $831.1M |
| 总债务越低越好 | $2.0B | $3.8B |
| 股东权益账面价值 | $2.8B | $3.7B |
| 总资产 | $7.0B | $15.5B |
| 负债/权益比越低杠杆越低 | 0.73× | 1.01× |
8季度趋势，按日历期对齐
现金及短期投资HUNTKO
| Q4 25 | $429.0M | $831.1M | ||
| Q3 25 | $468.0M | $861.4M | ||
| Q2 25 | $399.0M | $535.1M | ||
| Q1 25 | $334.0M | $470.9M | ||
| Q4 24 | $340.0M | $525.6M | ||
| Q3 24 | $330.0M | $457.4M | ||
| Q2 24 | $335.0M | $277.5M | ||
| Q1 24 | $552.0M | $245.8M |
总债务HUNTKO
| Q4 25 | $2.0B | $3.8B | ||
| Q3 25 | $2.0B | $3.7B | ||
| Q2 25 | $2.0B | $2.7B | ||
| Q1 25 | $2.0B | $2.8B | ||
| Q4 24 | $1.8B | $2.8B | ||
| Q3 24 | $1.9B | $2.7B | ||
| Q2 24 | $1.9B | $2.7B | ||
| Q1 24 | $2.1B | $2.7B |
股东权益HUNTKO
| Q4 25 | $2.8B | $3.7B | ||
| Q3 25 | $2.8B | $3.8B | ||
| Q2 25 | $2.8B | $4.3B | ||
| Q1 25 | $3.0B | $4.2B | ||
| Q4 24 | $3.0B | $4.1B | ||
| Q3 24 | $3.1B | $4.0B | ||
| Q2 24 | $3.1B | $4.0B | ||
| Q1 24 | $3.2B | $4.0B |
总资产HUNTKO
| Q4 25 | $7.0B | $15.5B | ||
| Q3 25 | $7.1B | $15.5B | ||
| Q2 25 | $7.1B | $15.3B | ||
| Q1 25 | $7.2B | $15.0B | ||
| Q4 24 | $7.1B | $12.7B | ||
| Q3 24 | $7.3B | $12.8B | ||
| Q2 24 | $7.3B | $12.7B | ||
| Q1 24 | $7.6B | $12.7B |
负债/权益比HUNTKO
| Q4 25 | 0.73× | 1.01× | ||
| Q3 25 | 0.73× | 0.98× | ||
| Q2 25 | 0.72× | 0.64× | ||
| Q1 25 | 0.66× | 0.66× | ||
| Q4 24 | 0.62× | 0.67× | ||
| Q3 24 | 0.60× | 0.67× | ||
| Q2 24 | 0.62× | 0.68× | ||
| Q1 24 | 0.65× | 0.68× |
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 | $76.0M | $309.9M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | — |
| 自由现金流率自由现金流/营收 | 1.4% | — |
| 资本支出强度资本支出/营收 | 4.2% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $116.0M | — |
8季度趋势，按日历期对齐
经营现金流HUNTKO
| Q4 25 | $76.0M | $309.9M | ||
| Q3 25 | $196.0M | $416.8M | ||
| Q2 25 | $91.0M | $396.2M | ||
| Q1 25 | $-74.0M | $162.8M | ||
| Q4 24 | $153.0M | $56.8M | ||
| Q3 24 | $129.0M | $236.5M | ||
| Q2 24 | $46.0M | $230.7M | ||
| Q1 24 | $-65.0M | $59.3M |
自由现金流HUNTKO
| Q4 25 | $19.0M | — | ||
| Q3 25 | $153.0M | — | ||
| Q2 25 | $54.0M | — | ||
| Q1 25 | $-110.0M | — | ||
| Q4 24 | $102.0M | — | ||
| Q3 24 | $88.0M | — | ||
| Q2 24 | $-4.0M | — | ||
| Q1 24 | $-107.0M | — |
自由现金流率HUNTKO
| Q4 25 | 1.4% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | -7.8% | — | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | -0.3% | — | ||
| Q1 24 | -7.3% | — |
资本支出强度HUNTKO
| Q4 25 | 4.2% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 2.9% | — |
现金转化率HUNTKO
| Q4 25 | — | — | ||
| Q3 25 | — | 10.16× | ||
| Q2 25 | — | 4.03× | ||
| Q1 25 | — | 2.79× | ||
| Q4 24 | — | 1.83× | ||
| Q3 24 | — | 10.22× | ||
| Q2 24 | 2.09× | 3.90× | ||
| 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
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 1% |
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
