vs
洲际交易所（ICE）与新闻集团（NWSA）财务数据对比。点击上方公司名可切换其他公司
洲际交易所的季度营收约是新闻集团的1.3倍（$3.1B vs $2.4B），洲际交易所净利率更高（27.1% vs 8.2%，领先18.9%），新闻集团同比增速更快（5.5% vs 3.7%），洲际交易所自由现金流更多（$1.1B vs $132.0M），过去两年洲际交易所的营收复合增速更高（5.9% vs -1.3%）
洲际交易所（ICE）是2000年成立的美国跨国金融服务企业，运营全球金融交易所与清算所，提供抵押技术、数据及上市服务，位列财富500强、标普500及罗素1000指数成分股，旗下拥有金融及大宗商品市场交易所，运营12家受监管的交易场所，业务覆盖美加欧等多地期货市场。
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
ICE vs NWSA — 直观对比
营收规模更大
ICE
是对方的1.3倍
$2.4B
营收增速更快
NWSA
高出1.8%
3.7%
净利率更高
ICE
高出18.9%
8.2%
自由现金流更多
ICE
多$977.0M
$132.0M
两年增速更快
ICE
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.4B |
| 净利润 | $851.0M | $193.0M |
| 毛利率 | — | — |
| 营业利润率 | 39.4% | — |
| 净利率 | 27.1% | 8.2% |
| 营收同比 | 3.7% | 5.5% |
| 净利润同比 | 21.9% | -10.2% |
| 每股收益（稀释后） | $1.49 | $0.34 |
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ICENWSA
| Q4 25 | $3.1B | $2.4B | ||
| Q3 25 | $3.0B | $2.1B | ||
| Q2 25 | $3.3B | $1.6B | ||
| Q1 25 | $3.2B | $2.0B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | $3.0B | $2.6B | ||
| Q2 24 | $2.9B | $2.6B | ||
| Q1 24 | $2.8B | $2.4B |
净利润ICENWSA
| Q4 25 | $851.0M | $193.0M | ||
| Q3 25 | $816.0M | $112.0M | ||
| Q2 25 | $851.0M | $743.0M | ||
| Q1 25 | $797.0M | $103.0M | ||
| Q4 24 | $698.0M | $215.0M | ||
| Q3 24 | $657.0M | $119.0M | ||
| Q2 24 | $632.0M | $50.0M | ||
| Q1 24 | $767.0M | $30.0M |
营业利润率ICENWSA
| Q4 25 | 39.4% | — | ||
| Q3 25 | 39.0% | — | ||
| Q2 25 | 39.8% | 8.5% | ||
| Q1 25 | 37.8% | 7.5% | ||
| Q4 24 | 35.5% | 19.2% | ||
| Q3 24 | 36.4% | 7.9% | ||
| Q2 24 | 36.8% | 4.3% | ||
| Q1 24 | 38.0% | 2.6% |
净利率ICENWSA
| Q4 25 | 27.1% | 8.2% | ||
| Q3 25 | 27.1% | 5.2% | ||
| Q2 25 | 26.1% | 45.6% | ||
| Q1 25 | 24.7% | 5.1% | ||
| Q4 24 | 23.0% | 9.6% | ||
| Q3 24 | 21.7% | 4.6% | ||
| Q2 24 | 21.8% | 1.9% | ||
| Q1 24 | 27.4% | 1.2% |
每股收益（稀释后）ICENWSA
| Q4 25 | $1.49 | $0.34 | ||
| Q3 25 | $1.42 | $0.20 | ||
| Q2 25 | $1.48 | $1.30 | ||
| Q1 25 | $1.38 | $0.18 | ||
| Q4 24 | $1.21 | $0.38 | ||
| Q3 24 | $1.14 | $0.21 | ||
| Q2 24 | $1.10 | $0.09 | ||
| Q1 24 | $1.33 | $0.05 |
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 | $837.0M | $2.1B |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | $28.9B | $8.8B |
| 总资产 | $136.9B | $15.5B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资ICENWSA
| Q4 25 | $837.0M | $2.1B | ||
| Q3 25 | $850.0M | $2.2B | ||
| Q2 25 | $1.0B | $2.4B | ||
| Q1 25 | $783.0M | $2.1B | ||
| Q4 24 | $844.0M | $1.8B | ||
| Q3 24 | $755.0M | $1.8B | ||
| Q2 24 | $885.0M | $2.0B | ||
| Q1 24 | $863.0M | $1.9B |
总债务ICENWSA
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.9B |
股东权益ICENWSA
| Q4 25 | $28.9B | $8.8B | ||
| Q3 25 | $28.6B | $8.7B | ||
| Q2 25 | $28.4B | $8.8B | ||
| Q1 25 | $28.0B | $8.2B | ||
| Q4 24 | $27.6B | $8.1B | ||
| Q3 24 | $27.2B | $8.3B | ||
| Q2 24 | $26.7B | $8.1B | ||
| Q1 24 | $26.2B | $8.1B |
总资产ICENWSA
| Q4 25 | $136.9B | $15.5B | ||
| Q3 25 | $140.9B | $15.3B | ||
| Q2 25 | $144.2B | $15.5B | ||
| Q1 25 | $142.9B | $16.6B | ||
| Q4 24 | $139.4B | $16.2B | ||
| Q3 24 | $135.2B | $16.9B | ||
| Q2 24 | $137.7B | $16.7B | ||
| Q1 24 | $131.4B | $16.5B |
负债/权益比ICENWSA
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.36× |
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 | $1.3B | $231.0M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $132.0M |
| 自由现金流率自由现金流/营收 | 35.3% | 5.6% |
| 资本支出强度资本支出/营收 | 5.3% | 4.2% |
| 现金转化率经营现金流/净利润 | 1.50× | 1.20× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $586.0M |
8季度趋势，按日历期对齐
经营现金流ICENWSA
| Q4 25 | $1.3B | $231.0M | ||
| Q3 25 | $915.0M | $85.0M | ||
| Q2 25 | $1.5B | $189.0M | ||
| Q1 25 | $966.0M | $511.0M | ||
| Q4 24 | $1.5B | $252.0M | ||
| Q3 24 | $898.0M | $64.0M | ||
| Q2 24 | $1.2B | $254.0M | ||
| Q1 24 | $1.0B | $539.0M |
自由现金流ICENWSA
| Q4 25 | $1.1B | $132.0M | ||
| Q3 25 | $853.0M | $4.0M | ||
| Q2 25 | $1.4B | $32.0M | ||
| Q1 25 | $881.0M | $418.0M | ||
| Q4 24 | $1.3B | $190.0M | ||
| Q3 24 | $819.0M | $-31.0M | ||
| Q2 24 | $1.1B | $111.0M | ||
| Q1 24 | $951.0M | $422.0M |
自由现金流率ICENWSA
| Q4 25 | 35.3% | 5.6% | ||
| Q3 25 | 28.4% | 0.2% | ||
| Q2 25 | 44.3% | 2.0% | ||
| Q1 25 | 27.3% | 20.8% | ||
| Q4 24 | 43.3% | 8.5% | ||
| Q3 24 | 27.0% | -1.2% | ||
| Q2 24 | 38.7% | 4.3% | ||
| Q1 24 | 34.0% | 17.4% |
资本支出强度ICENWSA
| Q4 25 | 5.3% | 4.2% | ||
| Q3 25 | 2.1% | 3.8% | ||
| Q2 25 | 1.8% | 9.6% | ||
| Q1 25 | 2.6% | 4.6% | ||
| Q4 24 | 6.4% | 2.8% | ||
| Q3 24 | 2.6% | 3.7% | ||
| Q2 24 | 2.6% | 5.5% | ||
| Q1 24 | 2.1% | 4.8% |
现金转化率ICENWSA
| Q4 25 | 1.50× | 1.20× | ||
| Q3 25 | 1.12× | 0.76× | ||
| Q2 25 | 1.77× | 0.25× | ||
| Q1 25 | 1.21× | 4.96× | ||
| Q4 24 | 2.16× | 1.17× | ||
| Q3 24 | 1.37× | 0.54× | ||
| Q2 24 | 1.89× | 5.08× | ||
| Q1 24 | 1.32× | 17.97× |
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
ICE
| Other | $1.9B | 60% |
| Fixed Income Data And Analytics | $318.0M | 10% |
| Exchange Data | $266.0M | 8% |
| Origination Technology | $188.0M | 6% |
| Financial Futures And Options | $155.0M | 5% |
| Listings | $125.0M | 4% |
| OT Cand Other Transactions | $97.0M | 3% |
| Closing Solutions | $60.0M | 2% |
| Fixed Income Execution | $29.0M | 1% |
| Product And Service Net Interest Income | $26.0M | 1% |
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
