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奥飞娱乐（MAX）与QUINSTREET, INC（QNST）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QUINSTREET, INC的1.0倍（$291.2M vs $287.8M），QUINSTREET, INC净利率更高（17.4% vs 10.8%，领先6.7%），QUINSTREET, INC同比增速更快（1.9% vs -3.2%），QUINSTREET, INC自由现金流更多（$20.7M vs $-7.5M），过去两年QUINSTREET, INC的营收复合增速更高（53.2% vs 51.6%）
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。
QuinStreet是一家总部位于美国加利福尼亚州福斯特城的上市网络营销企业，核心业务围绕优质域名资源展开，通过收储热门域名帮助客户获取流量，实现营销增长目标。
MAX vs QNST — 直观对比
营收规模更大
MAX
是对方的1.0倍
$287.8M
营收增速更快
QNST
高出5.0%
-3.2%
净利率更高
QNST
高出6.7%
10.8%
自由现金流更多
QNST
多$28.2M
$-7.5M
两年增速更快
QNST
近两年复合增速
51.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.2M | $287.8M |
| 净利润 | $31.4M | $50.2M |
| 毛利率 | 15.4% | 9.6% |
| 营业利润率 | 7.7% | 0.4% |
| 净利率 | 10.8% | 17.4% |
| 营收同比 | -3.2% | 1.9% |
| 净利润同比 | 576.9% | 3342.5% |
| 每股收益（稀释后） | $0.50 | $0.87 |
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MAXQNST
| Q4 25 | $291.2M | $287.8M | ||
| Q3 25 | $306.5M | $285.9M | ||
| Q2 25 | $251.6M | — | ||
| Q1 25 | $264.3M | $269.8M | ||
| Q4 24 | $300.6M | $282.6M | ||
| Q3 24 | $259.1M | $279.2M | ||
| Q2 24 | $178.3M | $198.3M | ||
| Q1 24 | $126.6M | $168.6M |
净利润MAXQNST
| Q4 25 | $31.4M | $50.2M | ||
| Q3 25 | $14.9M | $4.5M | ||
| Q2 25 | $-18.7M | — | ||
| Q1 25 | $-1.9M | $4.4M | ||
| Q4 24 | $4.6M | $-1.5M | ||
| Q3 24 | $9.5M | $-1.4M | ||
| Q2 24 | $3.6M | $-2.2M | ||
| Q1 24 | $-1.1M | $-7.0M |
毛利率MAXQNST
| Q4 25 | 15.4% | 9.6% | ||
| Q3 25 | 14.2% | 9.4% | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 15.8% | 10.3% | ||
| Q4 24 | 16.3% | 9.5% | ||
| Q3 24 | 15.1% | 10.2% | ||
| Q2 24 | 17.8% | 8.8% | ||
| Q1 24 | 18.7% | 8.5% |
营业利润率MAXQNST
| Q4 25 | 7.7% | 0.4% | ||
| Q3 25 | 6.4% | 1.7% | ||
| Q2 25 | -8.0% | — | ||
| Q1 25 | 0.0% | 1.8% | ||
| Q4 24 | 6.1% | -0.5% | ||
| Q3 24 | 6.0% | -0.4% | ||
| Q2 24 | 3.6% | -0.7% | ||
| Q1 24 | 1.9% | -3.2% |
净利率MAXQNST
| Q4 25 | 10.8% | 17.4% | ||
| Q3 25 | 4.9% | 1.6% | ||
| Q2 25 | -7.4% | — | ||
| Q1 25 | -0.7% | 1.6% | ||
| Q4 24 | 1.5% | -0.5% | ||
| Q3 24 | 3.7% | -0.5% | ||
| Q2 24 | 2.0% | -1.1% | ||
| Q1 24 | -0.9% | -4.2% |
每股收益（稀释后）MAXQNST
| Q4 25 | $0.50 | $0.87 | ||
| Q3 25 | $0.26 | $0.08 | ||
| Q2 25 | $-0.33 | — | ||
| Q1 25 | $-0.04 | $0.08 | ||
| Q4 24 | $0.09 | $-0.03 | ||
| Q3 24 | $0.17 | $-0.02 | ||
| Q2 24 | $0.07 | $-0.04 | ||
| Q1 24 | $-0.02 | $-0.13 |
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 | $46.9M | $107.0M |
| 总债务越低越好 | $153.4M | — |
| 股东权益账面价值 | $4.2M | $294.4M |
| 总资产 | $383.8M | $493.0M |
| 负债/权益比越低杠杆越低 | 36.88× | — |
8季度趋势，按日历期对齐
现金及短期投资MAXQNST
| Q4 25 | $46.9M | $107.0M | ||
| Q3 25 | $38.8M | $101.3M | ||
| Q2 25 | $85.4M | — | ||
| Q1 25 | $63.6M | $81.8M | ||
| Q4 24 | $43.3M | $57.8M | ||
| Q3 24 | $32.3M | $25.0M | ||
| Q2 24 | $28.7M | $50.5M | ||
| Q1 24 | $14.5M | $39.6M |
总债务MAXQNST
| Q4 25 | $153.4M | — | ||
| Q3 25 | $155.7M | — | ||
| Q2 25 | $158.0M | — | ||
| Q1 25 | $160.2M | — | ||
| Q4 24 | $162.4M | — | ||
| Q3 24 | $164.7M | — | ||
| Q2 24 | $166.9M | — | ||
| Q1 24 | $172.1M | — |
股东权益MAXQNST
| Q4 25 | $4.2M | $294.4M | ||
| Q3 25 | $-29.8M | $246.7M | ||
| Q2 25 | $-3.8M | — | ||
| Q1 25 | $7.9M | $235.5M | ||
| Q4 24 | $2.4M | $224.3M | ||
| Q3 24 | $-8.4M | $219.8M | ||
| Q2 24 | $-24.4M | $216.8M | ||
| Q1 24 | $-19.1M | $215.0M |
总资产MAXQNST
| Q4 25 | $383.8M | $493.0M | ||
| Q3 25 | $266.2M | $442.6M | ||
| Q2 25 | $249.4M | — | ||
| Q1 25 | $240.0M | $417.2M | ||
| Q4 24 | $262.4M | $409.6M | ||
| Q3 24 | $236.1M | $401.2M | ||
| Q2 24 | $198.2M | $368.5M | ||
| Q1 24 | $153.0M | $349.3M |
负债/权益比MAXQNST
| Q4 25 | 36.88× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 20.23× | — | ||
| Q4 24 | 68.31× | — | ||
| 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 | $-7.4M | $21.6M |
| 自由现金流经营现金流 - 资本支出 | $-7.5M | $20.7M |
| 自由现金流率自由现金流/营收 | -2.6% | 7.2% |
| 资本支出强度资本支出/营收 | 0.0% | 0.3% |
| 现金转化率经营现金流/净利润 | -0.24× | 0.43× |
| 过去12个月自由现金流最近4个季度 | $65.3M | $106.9M |
8季度趋势，按日历期对齐
经营现金流MAXQNST
| Q4 25 | $-7.4M | $21.6M | ||
| Q3 25 | $23.6M | $19.6M | ||
| Q2 25 | $25.7M | — | ||
| Q1 25 | $23.7M | $30.1M | ||
| Q4 24 | $14.5M | $38.7M | ||
| Q3 24 | $8.1M | $-13.7M | ||
| Q2 24 | $21.6M | $16.6M | ||
| Q1 24 | $1.7M | $4.1M |
自由现金流MAXQNST
| Q4 25 | $-7.5M | $20.7M | ||
| Q3 25 | $23.6M | $18.4M | ||
| Q2 25 | $25.5M | — | ||
| Q1 25 | $23.6M | $29.5M | ||
| Q4 24 | $14.5M | $38.2M | ||
| Q3 24 | $8.0M | $-14.1M | ||
| Q2 24 | $21.5M | $15.4M | ||
| Q1 24 | $1.6M | $2.9M |
自由现金流率MAXQNST
| Q4 25 | -2.6% | 7.2% | ||
| Q3 25 | 7.7% | 6.4% | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | 8.9% | 10.9% | ||
| Q4 24 | 4.8% | 13.5% | ||
| Q3 24 | 3.1% | -5.1% | ||
| Q2 24 | 12.0% | 7.8% | ||
| Q1 24 | 1.3% | 1.7% |
资本支出强度MAXQNST
| Q4 25 | 0.0% | 0.3% | ||
| Q3 25 | 0.0% | 0.4% | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.0% | 0.2% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | 0.1% | 0.6% | ||
| Q1 24 | 0.0% | 0.7% |
现金转化率MAXQNST
| Q4 25 | -0.24× | 0.43× | ||
| Q3 25 | 1.58× | 4.32× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 6.82× | ||
| Q4 24 | 3.13× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 5.97× | — | ||
| 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
MAX
| Property And Casualty Insurance | $264.8M | 91% |
| Health Insurance | $20.8M | 7% |
| Sales Channel Through Intermediary | $7.2M | 2% |
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
