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虎牙（HUYA）与Kosmos Energy Ltd.（KOS）财务数据对比。点击上方公司名可切换其他公司
Kosmos Energy Ltd.的季度营收约是虎牙的1.2倍（$294.6M vs $237.1M），过去两年虎牙的营收复合增速更高（2.5% vs -16.5%）
虎牙公司是中国领先的互动直播平台，核心业务为游戏直播，同时覆盖电竞赛事、娱乐综艺、生活方式、知识科普等多元内容领域，面向国内年轻互联网用户提供高互动性的数字娱乐内容服务。
科斯莫斯能源是一家美国上游石油企业，总部位于得克萨斯州达拉斯。公司目前在加纳、赤道几内亚近海以及墨西哥湾开展油气生产与开发业务，在毛里塔尼亚、塞内加尔近海拥有开发项目，还在纳米比亚、圣多美和普林西比、苏里南近海持有勘探许可。
HUYA vs KOS — 直观对比
营收规模更大
KOS
是对方的1.2倍
$237.1M
两年增速更快
HUYA
近两年复合增速
-16.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $237.1M | $294.6M |
| 净利润 | $1.3M | — |
| 毛利率 | 13.4% | — |
| 营业利润率 | -0.8% | -125.7% |
| 净利率 | 0.6% | — |
| 营收同比 | — | -25.9% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $-0.80 |
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HUYAKOS
| Q4 25 | — | $294.6M | ||
| Q3 25 | $237.1M | $311.0M | ||
| Q2 25 | $218.8M | $392.6M | ||
| Q1 25 | $207.9M | $290.1M | ||
| Q4 24 | — | $397.6M | ||
| Q3 24 | $219.1M | $407.8M | ||
| Q2 24 | $212.1M | $447.8M | ||
| Q1 24 | $208.3M | $422.3M |
净利润HUYAKOS
| Q4 25 | — | — | ||
| Q3 25 | $1.3M | $-124.3M | ||
| Q2 25 | $-766.0K | $-87.7M | ||
| Q1 25 | $128.0K | $-110.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | $3.4M | $45.0M | ||
| Q2 24 | $4.1M | $59.8M | ||
| Q1 24 | $9.8M | $91.7M |
毛利率HUYAKOS
| Q4 25 | — | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | 13.5% | — | ||
| Q1 25 | 12.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 13.2% | — | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 14.7% | — |
营业利润率HUYAKOS
| Q4 25 | — | -125.7% | ||
| Q3 25 | -0.8% | -34.2% | ||
| Q2 25 | -1.5% | -16.2% | ||
| Q1 25 | -4.0% | -32.4% | ||
| Q4 24 | — | -8.5% | ||
| Q3 24 | -2.1% | 26.1% | ||
| Q2 24 | -1.7% | 30.2% | ||
| Q1 24 | -2.6% | 33.6% |
净利率HUYAKOS
| Q4 25 | — | — | ||
| Q3 25 | 0.6% | -40.0% | ||
| Q2 25 | -0.4% | -22.3% | ||
| Q1 25 | 0.1% | -38.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.5% | 11.0% | ||
| Q2 24 | 1.9% | 13.3% | ||
| Q1 24 | 4.7% | 21.7% |
每股收益（稀释后）HUYAKOS
| Q4 25 | — | $-0.80 | ||
| Q3 25 | — | $-0.26 | ||
| Q2 25 | — | $-0.18 | ||
| Q1 25 | — | $-0.23 | ||
| Q4 24 | — | $0.00 | ||
| Q3 24 | — | $0.09 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | — | $0.19 |
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 | $102.0M | $91.5M |
| 总债务越低越好 | — | $3.1B |
| 股东权益账面价值 | $709.9M | $528.6M |
| 总资产 | $960.3M | $4.7B |
| 负债/权益比越低杠杆越低 | — | 5.78× |
8季度趋势，按日历期对齐
现金及短期投资HUYAKOS
| Q4 25 | — | $91.5M | ||
| Q3 25 | $102.0M | $64.0M | ||
| Q2 25 | $69.7M | $51.7M | ||
| Q1 25 | $40.9M | $49.8M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | $156.1M | $51.6M | ||
| Q2 24 | $138.4M | $173.8M | ||
| Q1 24 | $75.1M | $254.3M |
总债务HUYAKOS
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HUYAKOS
| Q4 25 | — | $528.6M | ||
| Q3 25 | $709.9M | $898.8M | ||
| Q2 25 | $704.3M | $1.0B | ||
| Q1 25 | $711.2M | $1.1B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.1B |
总资产HUYAKOS
| Q4 25 | — | $4.7B | ||
| Q3 25 | $960.3M | $5.1B | ||
| Q2 25 | $928.0M | $5.2B | ||
| Q1 25 | $1.3B | $5.3B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | $1.6B | $5.5B | ||
| Q2 24 | $1.6B | $5.4B | ||
| Q1 24 | $1.7B | $5.4B |
负债/权益比HUYAKOS
| Q4 25 | — | 5.78× | ||
| Q3 25 | — | 3.31× | ||
| Q2 25 | — | 2.80× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | — | $35.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流HUYAKOS
| Q4 25 | — | $35.3M | ||
| Q3 25 | — | $-27.6M | ||
| Q2 25 | — | $127.2M | ||
| Q1 25 | — | $-888.0K | ||
| Q4 24 | — | $175.7M | ||
| Q3 24 | — | $6.3M | ||
| Q2 24 | — | $223.7M | ||
| Q1 24 | — | $272.6M |
现金转化率HUYAKOS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 3.74× | ||
| Q1 24 | — | 2.97× |
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
HUYA
| Live streaming | $162.5M | 69% |
| Game-related services, advertising and others | $74.7M | 31% |
KOS
| Ghana Segment | $134.6M | 46% |
| Gulf Of America | $80.7M | 27% |
| Mauritania And Senegal | $54.9M | 19% |
| Equatorial Guinea Segment | $24.3M | 8% |
