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莱夫 Nation 娱乐（LIVE）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是莱夫 Nation 娱乐的1.7倍（$188.3M vs $108.5M），BRC Group Holdings, Inc.净利率更高（47.9% vs -0.1%，领先48.0%），莱夫 Nation 娱乐同比增速更快（-2.7% vs -21.9%），过去两年莱夫 Nation 娱乐的营收复合增速更高（-4.3% vs -15.4%）
Live Nation Entertainment是一家美国跨国娱乐企业，2010年由Live Nation与Ticketmaster合并而成。目前两大品牌均作为子品牌运营，在全球范围内推广现场娱乐活动并提供票务销售服务，同时还自营多处娱乐场馆，并为音乐人提供艺人经纪服务。
LIVE vs RILY — 直观对比
营收规模更大
RILY
是对方的1.7倍
$108.5M
营收增速更快
LIVE
高出19.2%
-21.9%
净利率更高
RILY
高出48.0%
-0.1%
两年增速更快
LIVE
近两年复合增速
-15.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $108.5M | $188.3M |
| 净利润 | $-64.0K | $90.3M |
| 毛利率 | 32.6% | 79.5% |
| 营业利润率 | 3.2% | 32.3% |
| 净利率 | -0.1% | 47.9% |
| 营收同比 | -2.7% | -21.9% |
| 净利润同比 | -113.0% | 1710.8% |
| 每股收益（稀释后） | $-0.02 | $2.78 |
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LIVERILY
| Q4 25 | $108.5M | $188.3M | ||
| Q3 25 | $113.9M | $215.3M | ||
| Q2 25 | $112.5M | $188.2M | ||
| Q1 25 | $107.0M | $197.2M | ||
| Q4 24 | $111.5M | $241.0M | ||
| Q3 24 | $112.7M | $225.5M | ||
| Q2 24 | $123.9M | $256.0M | ||
| Q1 24 | $118.6M | $263.4M |
净利润LIVERILY
| Q4 25 | $-64.0K | $90.3M | ||
| Q3 25 | $997.0K | $91.1M | ||
| Q2 25 | $5.4M | $139.5M | ||
| Q1 25 | $15.9M | $-10.0M | ||
| Q4 24 | $492.0K | $-5.6M | ||
| Q3 24 | $-19.9M | $-284.4M | ||
| Q2 24 | $-2.9M | $-433.6M | ||
| Q1 24 | $-3.3M | $-49.2M |
毛利率LIVERILY
| Q4 25 | 32.6% | 79.5% | ||
| Q3 25 | 32.4% | 83.7% | ||
| Q2 25 | 34.0% | 81.3% | ||
| Q1 25 | 32.8% | 81.4% | ||
| Q4 24 | 31.7% | 79.8% | ||
| Q3 24 | 31.9% | 82.1% | ||
| Q2 24 | 29.9% | 84.5% | ||
| Q1 24 | 29.9% | 85.3% |
营业利润率LIVERILY
| Q4 25 | 3.2% | 32.3% | ||
| Q3 25 | 3.3% | 30.4% | ||
| Q2 25 | 7.1% | 5.7% | ||
| Q1 25 | 2.0% | -31.2% | ||
| Q4 24 | 0.7% | -69.2% | ||
| Q3 24 | -15.5% | -36.4% | ||
| Q2 24 | 0.9% | -90.8% | ||
| Q1 24 | -0.7% | -6.1% |
净利率LIVERILY
| Q4 25 | -0.1% | 47.9% | ||
| Q3 25 | 0.9% | 42.3% | ||
| Q2 25 | 4.8% | 74.1% | ||
| Q1 25 | 14.8% | -5.1% | ||
| Q4 24 | 0.4% | -2.3% | ||
| Q3 24 | -17.6% | -126.1% | ||
| Q2 24 | -2.3% | -169.4% | ||
| Q1 24 | -2.8% | -18.7% |
每股收益（稀释后）LIVERILY
| Q4 25 | $-0.02 | $2.78 | ||
| Q3 25 | $-1.52 | $2.91 | ||
| Q2 25 | $1.24 | $4.50 | ||
| Q1 25 | $5.05 | $-0.39 | ||
| Q4 24 | $0.16 | $-0.01 | ||
| Q3 24 | $-6.31 | $-9.39 | ||
| Q2 24 | $-0.91 | $-14.35 | ||
| Q1 24 | $-1.04 | $-1.71 |
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 | — | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $95.3M | $-171.5M |
| 总资产 | $389.2M | $1.7B |
| 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LIVERILY
| Q4 25 | — | $226.6M | ||
| Q3 25 | — | $184.2M | ||
| Q2 25 | — | $267.4M | ||
| Q1 25 | — | $138.3M | ||
| Q4 24 | — | $146.9M | ||
| Q3 24 | — | $159.2M | ||
| Q2 24 | — | $236.9M | ||
| Q1 24 | — | $190.7M |
总债务LIVERILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LIVERILY
| Q4 25 | $95.3M | $-171.5M | ||
| Q3 25 | $95.3M | $-260.5M | ||
| Q2 25 | $94.3M | $-351.7M | ||
| Q1 25 | $88.9M | $-496.8M | ||
| Q4 24 | $73.3M | $-488.2M | ||
| Q3 24 | $72.9M | $-497.6M | ||
| Q2 24 | $92.7M | $-218.3M | ||
| Q1 24 | $95.9M | $228.4M |
总资产LIVERILY
| Q4 25 | $389.2M | $1.7B | ||
| Q3 25 | $386.4M | $1.7B | ||
| Q2 25 | $387.5M | $1.5B | ||
| Q1 25 | $393.6M | $1.5B | ||
| Q4 24 | $395.5M | $1.8B | ||
| Q3 24 | $407.5M | $2.2B | ||
| Q2 24 | $436.8M | $3.2B | ||
| Q1 24 | $433.9M | $5.0B |
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 | $9.8M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $8.5M | — |
| 自由现金流率自由现金流/营收 | 7.8% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | — | 0.29× |
| 过去12个月自由现金流最近4个季度 | $21.9M | — |
8季度趋势，按日历期对齐
经营现金流LIVERILY
| Q4 25 | $9.8M | $26.2M | ||
| Q3 25 | $6.8M | $-60.6M | ||
| Q2 25 | $12.3M | $-25.6M | ||
| Q1 25 | $231.0K | $184.0K | ||
| Q4 24 | $9.4M | $-2.7M | ||
| Q3 24 | $6.7M | $19.5M | ||
| Q2 24 | $11.7M | $111.5M | ||
| Q1 24 | $-5.7M | $135.4M |
自由现金流LIVERILY
| Q4 25 | $8.5M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $10.8M | — | ||
| Q1 25 | $-2.3M | — | ||
| Q4 24 | $7.6M | — | ||
| Q3 24 | $3.3M | — | ||
| Q2 24 | $10.1M | — | ||
| Q1 24 | $-7.5M | — |
自由现金流率LIVERILY
| Q4 25 | 7.8% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 9.6% | — | ||
| Q1 25 | -2.1% | — | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 8.2% | — | ||
| Q1 24 | -6.3% | — |
资本支出强度LIVERILY
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 3.1% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.4% | — |
现金转化率LIVERILY
| Q4 25 | — | 0.29× | ||
| Q3 25 | 6.78× | -0.66× | ||
| Q2 25 | 2.28× | -0.18× | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 19.11× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
LIVE
| Steel Manufacturing Segment | $31.9M | 29% |
| Flooring Manufacturing Segment | $28.9M | 27% |
| Retail Flooring Segment | $25.3M | 23% |
| Retail Entertainment Segment | $23.6M | 22% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
