vs
Liberty Broadband Corp（LBRDA）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）财务数据对比。点击上方公司名可切换其他公司
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的季度营收约是Liberty Broadband Corp的1.3倍（$331.3M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs 0.0%，领先146.7%），Liberty Broadband Corp同比增速更快（6.1% vs 2.2%），Liberty Broadband Corp自由现金流更多（$37.0M vs $8.7M），过去两年Liberty Broadband Corp的营收复合增速更高（4.3% vs -5.4%）
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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
LBRDA vs SPWH — 直观对比
营收规模更大
SPWH
是对方的1.3倍
$261.0M
营收增速更快
LBRDA
高出3.9%
2.2%
净利率更高
LBRDA
高出146.7%
0.0%
自由现金流更多
LBRDA
多$28.3M
$8.7M
两年增速更快
LBRDA
近两年复合增速
-5.4%
损益表 — Q2 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.0M | $331.3M |
| 净利润 | $383.0M | $8.0K |
| 毛利率 | — | 32.8% |
| 营业利润率 | 15.7% | 1.3% |
| 净利率 | 146.7% | 0.0% |
| 营收同比 | 6.1% | 2.2% |
| 净利润同比 | 96.4% | -97.8% |
| 每股收益（稀释后） | $2.68 | $0.00 |
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LBRDASPWH
| Q4 25 | — | $331.3M | ||
| Q3 25 | — | $293.9M | ||
| Q2 25 | $261.0M | $249.1M | ||
| Q1 25 | $266.0M | $340.4M | ||
| Q4 24 | $263.0M | $324.3M | ||
| Q3 24 | $262.0M | $288.7M | ||
| Q2 24 | $246.0M | $244.2M | ||
| Q1 24 | $245.0M | $370.4M |
净利润LBRDASPWH
| Q4 25 | — | $8.0K | ||
| Q3 25 | — | $-7.1M | ||
| Q2 25 | $383.0M | $-21.3M | ||
| Q1 25 | $268.0M | $-8.7M | ||
| Q4 24 | $291.0M | $-364.0K | ||
| Q3 24 | $142.0M | $-5.9M | ||
| Q2 24 | $195.0M | $-18.1M | ||
| Q1 24 | $241.0M | $-8.7M |
毛利率LBRDASPWH
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 32.0% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 30.2% | ||
| Q1 24 | — | 26.8% |
营业利润率LBRDASPWH
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | -1.1% | ||
| Q2 25 | 15.7% | -7.9% | ||
| Q1 25 | 16.2% | 1.1% | ||
| Q4 24 | 4.9% | 1.0% | ||
| Q3 24 | 11.5% | -1.5% | ||
| Q2 24 | 8.5% | -8.4% | ||
| Q1 24 | 11.4% | -2.1% |
净利率LBRDASPWH
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | -2.4% | ||
| Q2 25 | 146.7% | -8.5% | ||
| Q1 25 | 100.8% | -2.6% | ||
| Q4 24 | 110.6% | -0.1% | ||
| Q3 24 | 54.2% | -2.0% | ||
| Q2 24 | 79.3% | -7.4% | ||
| Q1 24 | 98.4% | -2.4% |
每股收益（稀释后）LBRDASPWH
| Q4 25 | — | $0.00 | ||
| Q3 25 | — | $-0.18 | ||
| Q2 25 | $2.68 | $-0.56 | ||
| Q1 25 | $1.87 | $-0.22 | ||
| Q4 24 | $2.04 | $-0.01 | ||
| Q3 24 | $0.99 | $-0.16 | ||
| Q2 24 | $1.36 | $-0.48 | ||
| Q1 24 | $1.69 | $-0.22 |
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 | $2.2M |
| 总债务越低越好 | $3.1B | $44.0M |
| 股东权益账面价值 | $10.4B | $209.5M |
| 总资产 | $16.6B | $913.9M |
| 负债/权益比越低杠杆越低 | 0.30× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资LBRDASPWH
| Q4 25 | — | $2.2M | ||
| Q3 25 | — | $1.8M | ||
| Q2 25 | $180.0M | $3.6M | ||
| Q1 25 | $226.0M | $2.8M | ||
| Q4 24 | $163.0M | $2.7M | ||
| Q3 24 | $168.0M | $2.6M | ||
| Q2 24 | $73.0M | $2.2M | ||
| Q1 24 | $108.0M | $3.1M |
总债务LBRDASPWH
| Q4 25 | — | $44.0M | ||
| Q3 25 | — | $43.9M | ||
| Q2 25 | $3.1B | $24.1M | ||
| Q1 25 | $3.8B | $24.1M | ||
| Q4 24 | $3.8B | $24.0M | ||
| Q3 24 | $3.7B | $24.0M | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.6B | — |
股东权益LBRDASPWH
| Q4 25 | — | $209.5M | ||
| Q3 25 | — | $208.9M | ||
| Q2 25 | $10.4B | $215.1M | ||
| Q1 25 | $10.1B | $235.7M | ||
| Q4 24 | $9.8B | $243.6M | ||
| Q3 24 | $9.5B | $243.0M | ||
| Q2 24 | $9.3B | $247.5M | ||
| Q1 24 | $9.1B | $264.6M |
总资产LBRDASPWH
| Q4 25 | — | $913.9M | ||
| Q3 25 | — | $948.9M | ||
| Q2 25 | $16.6B | $929.7M | ||
| Q1 25 | $17.0B | $852.1M | ||
| Q4 24 | $16.7B | $967.7M | ||
| Q3 24 | $16.3B | $901.9M | ||
| Q2 24 | $16.0B | $930.4M | ||
| Q1 24 | $15.7B | $886.2M |
负债/权益比LBRDASPWH
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | 0.30× | 0.11× | ||
| Q1 25 | 0.38× | 0.10× | ||
| Q4 24 | 0.38× | 0.10× | ||
| Q3 24 | 0.39× | 0.10× | ||
| Q2 24 | 0.39× | — | ||
| Q1 24 | 0.40× | — |
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 | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $37.0M | $8.7M |
| 自由现金流率自由现金流/营收 | 14.2% | 2.6% |
| 资本支出强度资本支出/营收 | 20.7% | 2.3% |
| 现金转化率经营现金流/净利润 | 0.24× | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $-49.0M | $-39.7M |
8季度趋势，按日历期对齐
经营现金流LBRDASPWH
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $-26.6M | ||
| Q2 25 | $91.0M | $-60.2M | ||
| Q1 25 | $78.0M | $52.8M | ||
| Q4 24 | $1.0M | $-2.5M | ||
| Q3 24 | $24.0M | $18.5M | ||
| Q2 24 | $27.0M | $-34.6M | ||
| Q1 24 | $52.0M | $68.9M |
自由现金流LBRDASPWH
| Q4 25 | — | $8.7M | ||
| Q3 25 | — | $-33.9M | ||
| Q2 25 | $37.0M | $-64.0M | ||
| Q1 25 | $13.0M | $49.6M | ||
| Q4 24 | $-63.0M | $-6.2M | ||
| Q3 24 | $-36.0M | $14.1M | ||
| Q2 24 | $-35.0M | $-38.0M | ||
| Q1 24 | $-9.0M | $60.2M |
自由现金流率LBRDASPWH
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | -11.5% | ||
| Q2 25 | 14.2% | -25.7% | ||
| Q1 25 | 4.9% | 14.6% | ||
| Q4 24 | -24.0% | -1.9% | ||
| Q3 24 | -13.7% | 4.9% | ||
| Q2 24 | -14.2% | -15.5% | ||
| Q1 24 | -3.7% | 16.2% |
资本支出强度LBRDASPWH
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | 20.7% | 1.5% | ||
| Q1 25 | 24.4% | 1.0% | ||
| Q4 24 | 24.3% | 1.1% | ||
| Q3 24 | 22.9% | 1.5% | ||
| Q2 24 | 25.2% | 1.4% | ||
| Q1 24 | 24.9% | 2.4% |
现金转化率LBRDASPWH
| Q4 25 | — | 2038.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.24× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.17× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.22× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
