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Liberty Broadband Corp（LBRDA）与奥飞娱乐（MAX）财务数据对比。点击上方公司名可切换其他公司
奥飞娱乐的季度营收约是Liberty Broadband Corp的1.2倍（$310.0M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs 4.5%，领先142.2%），奥飞娱乐同比增速更快（17.3% vs 6.1%），过去两年奥飞娱乐的营收复合增速更高（31.9% vs 4.3%）
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
奥飞娱乐股份有限公司由蔡东青于1993年创立，是一家中国跨国综合企业集团，主营动漫、玩具、传媒资产与娱乐业务，2016年由原奥飞动漫更名而来。集团拥有国漫平台有妖气，还在美国设有影视公司奥飞影业，并宣布将在美国设立动漫业务部门。
LBRDA vs MAX — 直观对比
营收规模更大
MAX
是对方的1.2倍
$261.0M
营收增速更快
MAX
高出11.2%
6.1%
净利率更高
LBRDA
高出142.2%
4.5%
两年增速更快
MAX
近两年复合增速
4.3%
损益表 — Q2 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.0M | $310.0M |
| 净利润 | $383.0M | $14.0M |
| 毛利率 | — | 15.1% |
| 营业利润率 | 15.7% | 7.2% |
| 净利率 | 146.7% | 4.5% |
| 营收同比 | 6.1% | 17.3% |
| 净利润同比 | 96.4% | 701.8% |
| 每股收益（稀释后） | $2.68 | — |
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LBRDAMAX
| Q1 26 | — | $310.0M | ||
| Q4 25 | — | $291.2M | ||
| Q3 25 | — | $306.5M | ||
| Q2 25 | $261.0M | $251.6M | ||
| Q1 25 | $266.0M | $264.3M | ||
| Q4 24 | $263.0M | $300.6M | ||
| Q3 24 | $262.0M | $259.1M | ||
| Q2 24 | $246.0M | $178.3M |
净利润LBRDAMAX
| Q1 26 | — | $14.0M | ||
| Q4 25 | — | $31.4M | ||
| Q3 25 | — | $14.9M | ||
| Q2 25 | $383.0M | $-18.7M | ||
| Q1 25 | $268.0M | $-1.9M | ||
| Q4 24 | $291.0M | $4.6M | ||
| Q3 24 | $142.0M | $9.5M | ||
| Q2 24 | $195.0M | $3.6M |
毛利率LBRDAMAX
| Q1 26 | — | 15.1% | ||
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 15.8% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | — | 17.8% |
营业利润率LBRDAMAX
| Q1 26 | — | 7.2% | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | 15.7% | -8.0% | ||
| Q1 25 | 16.2% | 0.0% | ||
| Q4 24 | 4.9% | 6.1% | ||
| Q3 24 | 11.5% | 6.0% | ||
| Q2 24 | 8.5% | 3.6% |
净利率LBRDAMAX
| Q1 26 | — | 4.5% | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | 146.7% | -7.4% | ||
| Q1 25 | 100.8% | -0.7% | ||
| Q4 24 | 110.6% | 1.5% | ||
| Q3 24 | 54.2% | 3.7% | ||
| Q2 24 | 79.3% | 2.0% |
每股收益（稀释后）LBRDAMAX
| Q1 26 | — | — | ||
| Q4 25 | — | $0.50 | ||
| Q3 25 | — | $0.26 | ||
| Q2 25 | $2.68 | $-0.33 | ||
| Q1 25 | $1.87 | $-0.04 | ||
| Q4 24 | $2.04 | $0.09 | ||
| Q3 24 | $0.99 | $0.17 | ||
| Q2 24 | $1.36 | $0.07 |
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 | $180.0M | $26.1M |
| 总债务越低越好 | $3.1B | $163.5M |
| 股东权益账面价值 | $10.4B | — |
| 总资产 | $16.6B | $367.7M |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资LBRDAMAX
| Q1 26 | — | $26.1M | ||
| Q4 25 | — | $46.9M | ||
| Q3 25 | — | $38.8M | ||
| Q2 25 | $180.0M | $85.4M | ||
| Q1 25 | $226.0M | $63.6M | ||
| Q4 24 | $163.0M | $43.3M | ||
| Q3 24 | $168.0M | $32.3M | ||
| Q2 24 | $73.0M | $28.7M |
总债务LBRDAMAX
| Q1 26 | — | $163.5M | ||
| Q4 25 | — | $153.4M | ||
| Q3 25 | — | $155.7M | ||
| Q2 25 | $3.1B | $158.0M | ||
| Q1 25 | $3.8B | $160.2M | ||
| Q4 24 | $3.8B | $162.4M | ||
| Q3 24 | $3.7B | $164.7M | ||
| Q2 24 | $3.6B | $166.9M |
股东权益LBRDAMAX
| Q1 26 | — | — | ||
| Q4 25 | — | $4.2M | ||
| Q3 25 | — | $-29.8M | ||
| Q2 25 | $10.4B | $-3.8M | ||
| Q1 25 | $10.1B | $7.9M | ||
| Q4 24 | $9.8B | $2.4M | ||
| Q3 24 | $9.5B | $-8.4M | ||
| Q2 24 | $9.3B | $-24.4M |
总资产LBRDAMAX
| Q1 26 | — | $367.7M | ||
| Q4 25 | — | $383.8M | ||
| Q3 25 | — | $266.2M | ||
| Q2 25 | $16.6B | $249.4M | ||
| Q1 25 | $17.0B | $240.0M | ||
| Q4 24 | $16.7B | $262.4M | ||
| Q3 24 | $16.3B | $236.1M | ||
| Q2 24 | $16.0B | $198.2M |
负债/权益比LBRDAMAX
| Q1 26 | — | — | ||
| Q4 25 | — | 36.88× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.38× | 20.23× | ||
| Q4 24 | 0.38× | 68.31× | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.39× | — |
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 | $91.0M | — |
| 自由现金流经营现金流 - 资本支出 | $37.0M | — |
| 自由现金流率自由现金流/营收 | 14.2% | — |
| 资本支出强度资本支出/营收 | 20.7% | — |
| 现金转化率经营现金流/净利润 | 0.24× | — |
| 过去12个月自由现金流最近4个季度 | $-49.0M | — |
8季度趋势，按日历期对齐
经营现金流LBRDAMAX
| Q1 26 | — | — | ||
| Q4 25 | — | $-7.4M | ||
| Q3 25 | — | $23.6M | ||
| Q2 25 | $91.0M | $25.7M | ||
| Q1 25 | $78.0M | $23.7M | ||
| Q4 24 | $1.0M | $14.5M | ||
| Q3 24 | $24.0M | $8.1M | ||
| Q2 24 | $27.0M | $21.6M |
自由现金流LBRDAMAX
| Q1 26 | — | — | ||
| Q4 25 | — | $-7.5M | ||
| Q3 25 | — | $23.6M | ||
| Q2 25 | $37.0M | $25.5M | ||
| Q1 25 | $13.0M | $23.6M | ||
| Q4 24 | $-63.0M | $14.5M | ||
| Q3 24 | $-36.0M | $8.0M | ||
| Q2 24 | $-35.0M | $21.5M |
自由现金流率LBRDAMAX
| Q1 26 | — | — | ||
| Q4 25 | — | -2.6% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | 14.2% | 10.2% | ||
| Q1 25 | 4.9% | 8.9% | ||
| Q4 24 | -24.0% | 4.8% | ||
| Q3 24 | -13.7% | 3.1% | ||
| Q2 24 | -14.2% | 12.0% |
资本支出强度LBRDAMAX
| Q1 26 | — | — | ||
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | 20.7% | 0.1% | ||
| Q1 25 | 24.4% | 0.0% | ||
| Q4 24 | 24.3% | 0.0% | ||
| Q3 24 | 22.9% | 0.0% | ||
| Q2 24 | 25.2% | 0.1% |
现金转化率LBRDAMAX
| Q1 26 | — | — | ||
| Q4 25 | — | -0.24× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | 0.24× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.00× | 3.13× | ||
| Q3 24 | 0.17× | 0.85× | ||
| Q2 24 | 0.14× | 5.97× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
