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狮门影业（LION）与盛思阳（TSE）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盛思阳的1.1倍（$724.3M vs $662.6M），狮门影业净利率更高（-6.4% vs -37.9%，领先31.6%），狮门影业同比增速更快（52.5% vs -19.3%），盛思阳自由现金流更多（$6.6M 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。
盛思阳（Trinseo）是一家专注于塑料与乳胶粘合剂生产的材料企业。该公司原隶属于陶氏化学公司，2009年陶氏将其分拆待售，2010年相关资产以斯泰隆（Styron）之名作价16.3亿美元出售给贝恩资本。2016年贝恩清仓全部持股， Trinseo自此成为完全独立的公众上市公司。
LION vs TSE — 直观对比
营收规模更大
LION
是对方的1.1倍
$662.6M
营收增速更快
LION
高出71.8%
-19.3%
净利率更高
LION
高出31.6%
-37.9%
自由现金流更多
TSE
多$118.5M
$-111.9M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $724.3M | $662.6M |
| 净利润 | $-46.2M | $-251.4M |
| 毛利率 | — | 4.2% |
| 营业利润率 | 5.0% | -24.7% |
| 净利率 | -6.4% | -37.9% |
| 营收同比 | 52.5% | -19.3% |
| 净利润同比 | 59.3% | -113.2% |
| 每股收益（稀释后） | $-0.16 | $-7.02 |
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LIONTSE
| Q4 25 | $724.3M | $662.6M | ||
| Q3 25 | $475.1M | $743.2M | ||
| Q2 25 | $525.9M | $784.3M | ||
| Q1 25 | — | $784.8M | ||
| Q4 24 | — | $821.5M | ||
| Q3 24 | — | $867.7M | ||
| Q2 24 | — | $920.0M | ||
| Q1 24 | — | $904.0M |
净利润LIONTSE
| Q4 25 | $-46.2M | $-251.4M | ||
| Q3 25 | $-113.5M | $-109.7M | ||
| Q2 25 | $-108.9M | $-105.5M | ||
| Q1 25 | — | $-79.0M | ||
| Q4 24 | — | $-117.9M | ||
| Q3 24 | — | $-87.3M | ||
| Q2 24 | — | $-67.8M | ||
| Q1 24 | — | $-75.5M |
毛利率LIONTSE
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 8.1% | ||
| Q4 24 | — | 6.8% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 6.7% |
营业利润率LIONTSE
| Q4 25 | 5.0% | -24.7% | ||
| Q3 25 | -9.7% | -3.8% | ||
| Q2 25 | -2.0% | -4.2% | ||
| Q1 25 | — | -3.7% | ||
| Q4 24 | — | -5.4% | ||
| Q3 24 | — | -1.4% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | -0.4% |
净利率LIONTSE
| Q4 25 | -6.4% | -37.9% | ||
| Q3 25 | -23.9% | -14.8% | ||
| Q2 25 | -20.7% | -13.5% | ||
| Q1 25 | — | -10.1% | ||
| Q4 24 | — | -14.4% | ||
| Q3 24 | — | -10.1% | ||
| Q2 24 | — | -7.4% | ||
| Q1 24 | — | -8.4% |
每股收益（稀释后）LIONTSE
| Q4 25 | $-0.16 | $-7.02 | ||
| Q3 25 | $-0.39 | $-3.05 | ||
| Q2 25 | $-0.40 | $-2.95 | ||
| Q1 25 | — | $-2.22 | ||
| Q4 24 | — | $-3.33 | ||
| Q3 24 | — | $-2.47 | ||
| Q2 24 | — | $-1.92 | ||
| Q1 24 | — | $-2.14 |
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 | $146.7M |
| 总债务越低越好 | $1.8B | $2.5B |
| 股东权益账面价值 | $-1.3B | $-1.1B |
| 总资产 | $5.2B | $2.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LIONTSE
| Q4 25 | $182.4M | $146.7M | ||
| Q3 25 | $202.4M | $112.1M | ||
| Q2 25 | $186.1M | $137.0M | ||
| Q1 25 | — | $126.1M | ||
| Q4 24 | — | $209.8M | ||
| Q3 24 | — | $165.3M | ||
| Q2 24 | — | $105.6M | ||
| Q1 24 | — | $166.4M |
总债务LIONTSE
| Q4 25 | $1.8B | $2.5B | ||
| Q3 25 | $1.8B | $2.5B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
股东权益LIONTSE
| Q4 25 | $-1.3B | $-1.1B | ||
| Q3 25 | $-1.3B | $-861.6M | ||
| Q2 25 | $-1.1B | $-750.3M | ||
| Q1 25 | — | $-679.2M | ||
| Q4 24 | — | $-619.9M | ||
| Q3 24 | — | $-480.0M | ||
| Q2 24 | — | $-413.8M | ||
| Q1 24 | — | $-348.0M |
总资产LIONTSE
| Q4 25 | $5.2B | $2.3B | ||
| Q3 25 | $5.2B | $2.5B | ||
| Q2 25 | $5.2B | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $3.0B |
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 | $22.6M |
| 自由现金流经营现金流 - 资本支出 | $-111.9M | $6.6M |
| 自由现金流率自由现金流/营收 | -15.4% | 1.0% |
| 资本支出强度资本支出/营收 | 0.4% | 2.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-153.4M |
8季度趋势，按日历期对齐
经营现金流LIONTSE
| Q4 25 | $-108.9M | $22.6M | ||
| Q3 25 | $-104.0M | $-21.6M | ||
| Q2 25 | $-31.0M | $6.8M | ||
| Q1 25 | — | $-110.2M | ||
| Q4 24 | — | $85.1M | ||
| Q3 24 | — | $8.8M | ||
| Q2 24 | — | $-41.9M | ||
| Q1 24 | — | $-66.2M |
自由现金流LIONTSE
| Q4 25 | $-111.9M | $6.6M | ||
| Q3 25 | $-107.2M | $-38.1M | ||
| Q2 25 | $-34.5M | $-3.0M | ||
| Q1 25 | — | $-118.9M | ||
| Q4 24 | — | $63.9M | ||
| Q3 24 | — | $-3.4M | ||
| Q2 24 | — | $-56.1M | ||
| Q1 24 | — | $-81.9M |
自由现金流率LIONTSE
| Q4 25 | -15.4% | 1.0% | ||
| Q3 25 | -22.6% | -5.1% | ||
| Q2 25 | -6.6% | -0.4% | ||
| Q1 25 | — | -15.2% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | — | -6.1% | ||
| Q1 24 | — | -9.1% |
资本支出强度LIONTSE
| Q4 25 | 0.4% | 2.4% | ||
| Q3 25 | 0.7% | 2.2% | ||
| Q2 25 | 0.7% | 1.2% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.7% |
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% |
TSE
| Other | $325.2M | 49% |
| Asia Pacific | $142.2M | 21% |
| Engineered Materials | $105.0M | 16% |
| Latex | $59.9M | 9% |
| Polymer Solutions | $30.3M | 5% |
