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Indivior Pharmaceuticals, Inc.（INDV）与环球音乐集团（ULH）财务数据对比。点击上方公司名可切换其他公司
环球音乐集团的季度营收约是Indivior Pharmaceuticals, Inc.的1.1倍（$385.4M vs $357.0M），Indivior Pharmaceuticals, Inc.净利率更高（28.9% vs 1.0%，领先27.9%），环球音乐集团自由现金流更多（$14.3M vs $-245.0M）
Indivior是一家全球专科制药企业，专注于开发和商业化针对阿片类物质使用障碍、酒精依赖及相关精神健康疾病的循证治疗方案，核心市场覆盖北美与欧洲，旗下多款获批疗法服务于医疗需求未被充分满足的患者群体。
环球音乐集团是依据荷兰法律成立的跨国音乐企业集团，企业总部设在荷兰希尔弗瑟姆，运营总部位于美国加利福尼亚州圣莫尼卡。作为全球规模最大的音乐公司，它与索尼音乐娱乐、华纳音乐集团并称为三大唱片巨头。2020年腾讯斥资30亿欧元收购了其百分之二十的股份。
INDV vs ULH — 直观对比
营收规模更大
ULH
是对方的1.1倍
$357.0M
净利率更高
INDV
高出27.9%
1.0%
自由现金流更多
ULH
多$259.3M
$-245.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $357.0M | $385.4M |
| 净利润 | $103.0M | $3.7M |
| 毛利率 | 82.1% | — |
| 营业利润率 | 22.7% | 4.5% |
| 净利率 | 28.9% | 1.0% |
| 营收同比 | — | -17.1% |
| 净利润同比 | 390.5% | -81.5% |
| 每股收益（稀释后） | $0.79 | $0.14 |
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INDVULH
| Q4 25 | $357.0M | $385.4M | ||
| Q3 25 | $314.0M | $396.8M | ||
| Q2 25 | $302.0M | $393.8M | ||
| Q1 25 | $266.0M | $382.4M | ||
| Q4 24 | — | $465.1M | ||
| Q3 24 | $307.0M | $426.8M | ||
| Q2 24 | $299.0M | $462.2M | ||
| Q1 24 | — | $491.9M |
净利润INDVULH
| Q4 25 | $103.0M | $3.7M | ||
| Q3 25 | $42.0M | $-117.9M | ||
| Q2 25 | $18.0M | $8.3M | ||
| Q1 25 | $47.0M | $6.0M | ||
| Q4 24 | — | $20.2M | ||
| Q3 24 | $22.0M | $26.5M | ||
| Q2 24 | $-97.0M | $30.7M | ||
| Q1 24 | — | $52.5M |
毛利率INDVULH
| Q4 25 | 82.1% | — | ||
| Q3 25 | 73.2% | — | ||
| Q2 25 | 82.8% | — | ||
| Q1 25 | 83.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 78.5% | — | ||
| Q2 24 | 73.6% | — | ||
| Q1 24 | — | — |
营业利润率INDVULH
| Q4 25 | 22.7% | 4.5% | ||
| Q3 25 | 13.7% | -29.6% | ||
| Q2 25 | 23.8% | 5.1% | ||
| Q1 25 | 24.8% | 4.1% | ||
| Q4 24 | — | 8.2% | ||
| Q3 24 | 11.4% | 10.0% | ||
| Q2 24 | -39.5% | 10.2% | ||
| Q1 24 | — | 15.3% |
净利率INDVULH
| Q4 25 | 28.9% | 1.0% | ||
| Q3 25 | 13.4% | -29.7% | ||
| Q2 25 | 6.0% | 2.1% | ||
| Q1 25 | 17.7% | 1.6% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | 7.2% | 6.2% | ||
| Q2 24 | -32.4% | 6.7% | ||
| Q1 24 | — | 10.7% |
每股收益（稀释后）INDVULH
| Q4 25 | $0.79 | $0.14 | ||
| Q3 25 | $0.33 | $-4.48 | ||
| Q2 25 | $0.14 | $0.32 | ||
| Q1 25 | $0.38 | $0.23 | ||
| Q4 24 | — | $0.76 | ||
| Q3 24 | $0.16 | $1.01 | ||
| Q2 24 | $-0.72 | $1.17 | ||
| Q1 24 | — | $1.99 |
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 | $195.0M | $26.8M |
| 总债务越低越好 | — | $797.6M |
| 股东权益账面价值 | $-98.0M | $540.4M |
| 总资产 | $1.2B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 1.48× |
8季度趋势，按日历期对齐
现金及短期投资INDVULH
| Q4 25 | $195.0M | $26.8M | ||
| Q3 25 | $445.0M | $27.4M | ||
| Q2 25 | $510.0M | $24.3M | ||
| Q1 25 | $373.0M | $20.6M | ||
| Q4 24 | — | $19.4M | ||
| Q3 24 | — | $11.8M | ||
| Q2 24 | — | $7.5M | ||
| Q1 24 | — | $11.1M |
总债务INDVULH
| Q4 25 | — | $797.6M | ||
| Q3 25 | — | $824.2M | ||
| Q2 25 | — | $795.5M | ||
| Q1 25 | — | $736.7M | ||
| Q4 24 | — | $759.1M | ||
| Q3 24 | — | $557.4M | ||
| Q2 24 | — | $483.8M | ||
| Q1 24 | — | $414.1M |
股东权益INDVULH
| Q4 25 | $-98.0M | $540.4M | ||
| Q3 25 | $-207.0M | $534.9M | ||
| Q2 25 | $-257.0M | $653.7M | ||
| Q1 25 | $-285.0M | $646.4M | ||
| Q4 24 | — | $647.0M | ||
| Q3 24 | $-310.0M | $631.0M | ||
| Q2 24 | $-281.0M | $608.9M | ||
| Q1 24 | — | $583.9M |
总资产INDVULH
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.4B |
负债/权益比INDVULH
| Q4 25 | — | 1.48× | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | — | 1.14× | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.71× |
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 | $-221.0M | $47.1M |
| 自由现金流经营现金流 - 资本支出 | $-245.0M | $14.3M |
| 自由现金流率自由现金流/营收 | -68.6% | 3.7% |
| 资本支出强度资本支出/营收 | 6.7% | 8.5% |
| 现金转化率经营现金流/净利润 | -2.15× | 12.62× |
| 过去12个月自由现金流最近4个季度 | $-93.0M | $-41.1M |
8季度趋势，按日历期对齐
经营现金流INDVULH
| Q4 25 | $-221.0M | $47.1M | ||
| Q3 25 | $-39.0M | $25.9M | ||
| Q2 25 | $158.0M | $25.7M | ||
| Q1 25 | $75.0M | $84.3M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | $2.0M | $6.2M | ||
| Q2 24 | $88.0M | $9.6M | ||
| Q1 24 | — | $36.9M |
自由现金流INDVULH
| Q4 25 | $-245.0M | $14.3M | ||
| Q3 25 | $-59.0M | $-28.6M | ||
| Q2 25 | $141.0M | $-58.5M | ||
| Q1 25 | $70.0M | $31.7M | ||
| Q4 24 | — | $18.9M | ||
| Q3 24 | $-5.0M | $-58.9M | ||
| Q2 24 | $84.0M | $-67.6M | ||
| Q1 24 | — | $-31.7M |
自由现金流率INDVULH
| Q4 25 | -68.6% | 3.7% | ||
| Q3 25 | -18.8% | -7.2% | ||
| Q2 25 | 46.7% | -14.9% | ||
| Q1 25 | 26.3% | 8.3% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | -1.6% | -13.8% | ||
| Q2 24 | 28.1% | -14.6% | ||
| Q1 24 | — | -6.4% |
资本支出强度INDVULH
| Q4 25 | 6.7% | 8.5% | ||
| Q3 25 | 6.4% | 13.7% | ||
| Q2 25 | 5.6% | 21.4% | ||
| Q1 25 | 1.9% | 13.7% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | 2.3% | 15.3% | ||
| Q2 24 | 1.3% | 16.7% | ||
| Q1 24 | — | 13.9% |
现金转化率INDVULH
| Q4 25 | -2.15× | 12.62× | ||
| Q3 25 | -0.93× | — | ||
| Q2 25 | 8.78× | 3.09× | ||
| Q1 25 | 1.60× | 14.02× | ||
| Q4 24 | — | 2.96× | ||
| Q3 24 | 0.09× | 0.23× | ||
| Q2 24 | — | 0.31× | ||
| Q1 24 | — | 0.70× |
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
INDV
| Sublocade | $233.0M | 65% |
| Sublingual And Other | $69.0M | 19% |
| Other | $49.0M | 14% |
| Perseris | $6.0M | 2% |
ULH
| Value Added Services | $183.7M | 48% |
| Dedicated Services | $84.9M | 22% |
| Intermodal | $52.7M | 14% |
| Truckload Services | $48.8M | 13% |
| Brokerage Services | $16.1M | 4% |
