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狮门影业（LION）与永利度假村有限公司（RRR）财务数据对比。点击上方公司名可切换其他公司
狮门影业的季度营收约是永利度假村有限公司的1.4倍（$724.3M vs $511.8M），永利度假村有限公司净利率更高（8.7% vs -6.4%，领先15.1%），狮门影业同比增速更快（52.5% vs 3.2%），永利度假村有限公司自由现金流更多（$77.7M vs $-111.9M）
狮门加拿大是狮门影业旗下的加拿大娱乐公司，总部位于多伦多娱乐区，核心业务涵盖电影与电视剧的制作、采购发行，为全球市场打造优质影视内容，在北美影视制作领域拥有丰富的行业资源与成熟的运营经验。
永利度假村有限公司是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店与赌场的开发及运营。公司由前梦幻度假村集团董事长兼首席执行官史蒂夫·永利于2002年创立，现任首席执行官为克雷格·比林斯，截至2020年共开发了6处物业。
LION vs RRR — 直观对比
营收规模更大
LION
是对方的1.4倍
$511.8M
营收增速更快
LION
高出49.2%
3.2%
净利率更高
RRR
高出15.1%
-6.4%
自由现金流更多
RRR
多$189.6M
$-111.9M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $724.3M | $511.8M |
| 净利润 | $-46.2M | $44.7M |
| 毛利率 | — | — |
| 营业利润率 | 5.0% | 28.1% |
| 净利率 | -6.4% | 8.7% |
| 营收同比 | 52.5% | 3.2% |
| 净利润同比 | 59.3% | -4.1% |
| 每股收益（稀释后） | $-0.16 | $0.74 |
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LIONRRR
| Q4 25 | $724.3M | $511.8M | ||
| Q3 25 | $475.1M | $475.6M | ||
| Q2 25 | $525.9M | $526.3M | ||
| Q1 25 | — | $497.9M | ||
| Q4 24 | — | $495.7M | ||
| Q3 24 | — | $468.0M | ||
| Q2 24 | — | $486.4M | ||
| Q1 24 | — | $488.9M |
净利润LIONRRR
| Q4 25 | $-46.2M | $44.7M | ||
| Q3 25 | $-113.5M | $42.3M | ||
| Q2 25 | $-108.9M | $56.4M | ||
| Q1 25 | — | $44.7M | ||
| Q4 24 | — | $46.6M | ||
| Q3 24 | — | $29.0M | ||
| Q2 24 | — | $35.7M | ||
| Q1 24 | — | $42.8M |
营业利润率LIONRRR
| Q4 25 | 5.0% | 28.1% | ||
| Q3 25 | -9.7% | 27.6% | ||
| Q2 25 | -2.0% | 31.9% | ||
| Q1 25 | — | 31.0% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 27.9% | ||
| Q2 24 | — | 28.8% | ||
| Q1 24 | — | 31.8% |
净利率LIONRRR
| Q4 25 | -6.4% | 8.7% | ||
| Q3 25 | -23.9% | 8.9% | ||
| Q2 25 | -20.7% | 10.7% | ||
| Q1 25 | — | 9.0% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 7.3% | ||
| Q1 24 | — | 8.8% |
每股收益（稀释后）LIONRRR
| Q4 25 | $-0.16 | $0.74 | ||
| Q3 25 | $-0.39 | $0.68 | ||
| Q2 25 | $-0.40 | $0.95 | ||
| Q1 25 | — | $0.75 | ||
| Q4 24 | — | $0.78 | ||
| Q3 24 | — | $0.48 | ||
| Q2 24 | — | $0.59 | ||
| Q1 24 | — | $0.68 |
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 | $182.4M | $142.5M |
| 总债务越低越好 | $1.8B | $3.4B |
| 股东权益账面价值 | $-1.3B | $208.3M |
| 总资产 | $5.2B | $4.2B |
| 负债/权益比越低杠杆越低 | — | 16.30× |
8季度趋势，按日历期对齐
现金及短期投资LIONRRR
| Q4 25 | $182.4M | $142.5M | ||
| Q3 25 | $202.4M | $129.8M | ||
| Q2 25 | $186.1M | $145.2M | ||
| Q1 25 | — | $150.6M | ||
| Q4 24 | — | $164.4M | ||
| Q3 24 | — | $117.5M | ||
| Q2 24 | — | $136.4M | ||
| Q1 24 | — | $129.7M |
总债务LIONRRR
| Q4 25 | $1.8B | $3.4B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LIONRRR
| Q4 25 | $-1.3B | $208.3M | ||
| Q3 25 | $-1.3B | $219.6M | ||
| Q2 25 | $-1.1B | $203.4M | ||
| Q1 25 | — | $247.1M | ||
| Q4 24 | — | $215.1M | ||
| Q3 24 | — | $175.5M | ||
| Q2 24 | — | $159.0M | ||
| Q1 24 | — | $135.2M |
总资产LIONRRR
| Q4 25 | $5.2B | $4.2B | ||
| Q3 25 | $5.2B | $4.1B | ||
| Q2 25 | $5.2B | $4.0B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $4.0B |
负债/权益比LIONRRR
| Q4 25 | — | 16.30× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 15.84× | ||
| 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 | $-108.9M | $156.6M |
| 自由现金流经营现金流 - 资本支出 | $-111.9M | $77.7M |
| 自由现金流率自由现金流/营收 | -15.4% | 15.2% |
| 资本支出强度资本支出/营收 | 0.4% | 15.4% |
| 现金转化率经营现金流/净利润 | — | 3.51× |
| 过去12个月自由现金流最近4个季度 | — | $290.5M |
8季度趋势，按日历期对齐
经营现金流LIONRRR
| Q4 25 | $-108.9M | $156.6M | ||
| Q3 25 | $-104.0M | $168.3M | ||
| Q2 25 | $-31.0M | $158.4M | ||
| Q1 25 | — | $126.2M | ||
| Q4 24 | — | $148.2M | ||
| Q3 24 | — | $131.0M | ||
| Q2 24 | — | $142.5M | ||
| Q1 24 | — | $126.5M |
自由现金流LIONRRR
| Q4 25 | $-111.9M | $77.7M | ||
| Q3 25 | $-107.2M | $74.6M | ||
| Q2 25 | $-34.5M | $80.3M | ||
| Q1 25 | — | $58.0M | ||
| Q4 24 | — | $121.4M | ||
| Q3 24 | — | $50.7M | ||
| Q2 24 | — | $64.0M | ||
| Q1 24 | — | $28.4M |
自由现金流率LIONRRR
| Q4 25 | -15.4% | 15.2% | ||
| Q3 25 | -22.6% | 15.7% | ||
| Q2 25 | -6.6% | 15.3% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 5.8% |
资本支出强度LIONRRR
| Q4 25 | 0.4% | 15.4% | ||
| Q3 25 | 0.7% | 19.7% | ||
| Q2 25 | 0.7% | 14.9% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 17.2% | ||
| Q2 24 | — | 16.2% | ||
| Q1 24 | — | 20.1% |
现金转化率LIONRRR
| Q4 25 | — | 3.51× | ||
| Q3 25 | — | 3.98× | ||
| Q2 25 | — | 2.81× | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | — | 4.53× | ||
| Q2 24 | — | 4.00× | ||
| Q1 24 | — | 2.95× |
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
LION
| Television Production | $303.1M | 42% |
| Digital Media | $155.1M | 21% |
| Third Party Purchasers Individual Agreements | $91.2M | 13% |
| Theatrical | $70.7M | 10% |
| Domestic Television | $43.1M | 6% |
| Starz Business | $24.1M | 3% |
| Other Media | $17.6M | 2% |
| Packaged Media | $14.1M | 2% |
RRR
| Casino | $343.0M | 67% |
| Food And Beverage | $93.3M | 18% |
| Occupancy | $47.2M | 9% |
| Hotel Other | $24.6M | 5% |
