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奥飞娱乐（MAX）与TENNANT CO（TNC）财务数据对比。点击上方公司名可切换其他公司
TENNANT CO的季度营收约是奥飞娱乐的1.0倍（$291.6M vs $291.2M），奥飞娱乐净利率更高（10.8% vs -1.5%，领先12.3%），奥飞娱乐同比增速更快（-3.2% vs -11.3%），TENNANT CO自由现金流更多（$9.7M vs $-7.5M），过去两年奥飞娱乐的营收复合增速更高（51.6% vs -3.2%）
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。
天纳公司（Tennant Company）是一家清洁产品供应商，拥有约4000名员工，其股票在纽约证券交易所挂牌上市，专注为各类商业及工业场景提供专业清洁相关产品与解决方案。
MAX vs TNC — 直观对比
营收规模更大
TNC
是对方的1.0倍
$291.2M
营收增速更快
MAX
高出8.2%
-11.3%
净利率更高
MAX
高出12.3%
-1.5%
自由现金流更多
TNC
多$17.2M
$-7.5M
两年增速更快
MAX
近两年复合增速
-3.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.2M | $291.6M |
| 净利润 | $31.4M | $-4.4M |
| 毛利率 | 15.4% | 34.6% |
| 营业利润率 | 7.7% | -1.4% |
| 净利率 | 10.8% | -1.5% |
| 营收同比 | -3.2% | -11.3% |
| 净利润同比 | 576.9% | -166.7% |
| 每股收益（稀释后） | $0.50 | $-0.21 |
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MAXTNC
| Q4 25 | $291.2M | $291.6M | ||
| Q3 25 | $306.5M | $303.3M | ||
| Q2 25 | $251.6M | $318.6M | ||
| Q1 25 | $264.3M | $290.0M | ||
| Q4 24 | $300.6M | $328.9M | ||
| Q3 24 | $259.1M | $315.8M | ||
| Q2 24 | $178.3M | $331.0M | ||
| Q1 24 | $126.6M | $311.0M |
净利润MAXTNC
| Q4 25 | $31.4M | $-4.4M | ||
| Q3 25 | $14.9M | $14.9M | ||
| Q2 25 | $-18.7M | $20.2M | ||
| Q1 25 | $-1.9M | $13.1M | ||
| Q4 24 | $4.6M | $6.6M | ||
| Q3 24 | $9.5M | $20.8M | ||
| Q2 24 | $3.6M | $27.9M | ||
| Q1 24 | $-1.1M | $28.4M |
毛利率MAXTNC
| Q4 25 | 15.4% | 34.6% | ||
| Q3 25 | 14.2% | 42.7% | ||
| Q2 25 | 15.0% | 42.1% | ||
| Q1 25 | 15.8% | 41.4% | ||
| Q4 24 | 16.3% | 41.3% | ||
| Q3 24 | 15.1% | 42.4% | ||
| Q2 24 | 17.8% | 43.1% | ||
| Q1 24 | 18.7% | 44.2% |
营业利润率MAXTNC
| Q4 25 | 7.7% | -1.4% | ||
| Q3 25 | 6.4% | 7.4% | ||
| Q2 25 | -8.0% | 9.6% | ||
| Q1 25 | 0.0% | 6.8% | ||
| Q4 24 | 6.1% | 2.3% | ||
| Q3 24 | 6.0% | 9.7% | ||
| Q2 24 | 3.6% | 11.7% | ||
| Q1 24 | 1.9% | 12.1% |
净利率MAXTNC
| Q4 25 | 10.8% | -1.5% | ||
| Q3 25 | 4.9% | 4.9% | ||
| Q2 25 | -7.4% | 6.3% | ||
| Q1 25 | -0.7% | 4.5% | ||
| Q4 24 | 1.5% | 2.0% | ||
| Q3 24 | 3.7% | 6.6% | ||
| Q2 24 | 2.0% | 8.4% | ||
| Q1 24 | -0.9% | 9.1% |
每股收益（稀释后）MAXTNC
| Q4 25 | $0.50 | $-0.21 | ||
| Q3 25 | $0.26 | $0.80 | ||
| Q2 25 | $-0.33 | $1.08 | ||
| Q1 25 | $-0.04 | $0.69 | ||
| Q4 24 | $0.09 | $0.35 | ||
| Q3 24 | $0.17 | $1.09 | ||
| Q2 24 | $0.07 | $1.45 | ||
| Q1 24 | $-0.02 | $1.49 |
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 | — |
| 总债务越低越好 | $153.4M | $273.2M |
| 股东权益账面价值 | $4.2M | $601.6M |
| 总资产 | $383.8M | $1.3B |
| 负债/权益比越低杠杆越低 | 36.88× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资MAXTNC
| Q4 25 | $46.9M | — | ||
| Q3 25 | $38.8M | — | ||
| Q2 25 | $85.4M | — | ||
| Q1 25 | $63.6M | — | ||
| Q4 24 | $43.3M | — | ||
| Q3 24 | $32.3M | — | ||
| Q2 24 | $28.7M | — | ||
| Q1 24 | $14.5M | — |
总债务MAXTNC
| Q4 25 | $153.4M | $273.2M | ||
| Q3 25 | $155.7M | $238.3M | ||
| Q2 25 | $158.0M | $213.4M | ||
| Q1 25 | $160.2M | $213.3M | ||
| Q4 24 | $162.4M | $198.2M | ||
| Q3 24 | $164.7M | $208.6M | ||
| Q2 24 | $166.9M | $205.6M | ||
| Q1 24 | $172.1M | $207.4M |
股东权益MAXTNC
| Q4 25 | $4.2M | $601.6M | ||
| Q3 25 | $-29.8M | $640.9M | ||
| Q2 25 | $-3.8M | $651.9M | ||
| Q1 25 | $7.9M | $624.4M | ||
| Q4 24 | $2.4M | $620.8M | ||
| Q3 24 | $-8.4M | $647.2M | ||
| Q2 24 | $-24.4M | $624.6M | ||
| Q1 24 | $-19.1M | $614.6M |
总资产MAXTNC
| Q4 25 | $383.8M | $1.3B | ||
| Q3 25 | $266.2M | $1.3B | ||
| Q2 25 | $249.4M | $1.2B | ||
| Q1 25 | $240.0M | $1.2B | ||
| Q4 24 | $262.4M | $1.2B | ||
| Q3 24 | $236.1M | $1.2B | ||
| Q2 24 | $198.2M | $1.2B | ||
| Q1 24 | $153.0M | $1.2B |
负债/权益比MAXTNC
| Q4 25 | 36.88× | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | 20.23× | 0.34× | ||
| Q4 24 | 68.31× | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.34× |
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 | $14.2M |
| 自由现金流经营现金流 - 资本支出 | $-7.5M | $9.7M |
| 自由现金流率自由现金流/营收 | -2.6% | 3.3% |
| 资本支出强度资本支出/营收 | 0.0% | 1.5% |
| 现金转化率经营现金流/净利润 | -0.24× | — |
| 过去12个月自由现金流最近4个季度 | $65.3M | $43.3M |
8季度趋势，按日历期对齐
经营现金流MAXTNC
| Q4 25 | $-7.4M | $14.2M | ||
| Q3 25 | $23.6M | $28.7M | ||
| Q2 25 | $25.7M | $22.5M | ||
| Q1 25 | $23.7M | $-400.0K | ||
| Q4 24 | $14.5M | $37.5M | ||
| Q3 24 | $8.1M | $30.7M | ||
| Q2 24 | $21.6M | $18.6M | ||
| Q1 24 | $1.7M | $2.9M |
自由现金流MAXTNC
| Q4 25 | $-7.5M | $9.7M | ||
| Q3 25 | $23.6M | $22.3M | ||
| Q2 25 | $25.5M | $18.7M | ||
| Q1 25 | $23.6M | $-7.4M | ||
| Q4 24 | $14.5M | $28.1M | ||
| Q3 24 | $8.0M | $26.4M | ||
| Q2 24 | $21.5M | $14.4M | ||
| Q1 24 | $1.6M | $-100.0K |
自由现金流率MAXTNC
| Q4 25 | -2.6% | 3.3% | ||
| Q3 25 | 7.7% | 7.4% | ||
| Q2 25 | 10.2% | 5.9% | ||
| Q1 25 | 8.9% | -2.6% | ||
| Q4 24 | 4.8% | 8.5% | ||
| Q3 24 | 3.1% | 8.4% | ||
| Q2 24 | 12.0% | 4.4% | ||
| Q1 24 | 1.3% | -0.0% |
资本支出强度MAXTNC
| Q4 25 | 0.0% | 1.5% | ||
| Q3 25 | 0.0% | 2.1% | ||
| Q2 25 | 0.1% | 1.2% | ||
| Q1 25 | 0.0% | 2.4% | ||
| Q4 24 | 0.0% | 2.9% | ||
| Q3 24 | 0.0% | 1.4% | ||
| Q2 24 | 0.1% | 1.3% | ||
| Q1 24 | 0.0% | 1.0% |
现金转化率MAXTNC
| Q4 25 | -0.24× | — | ||
| Q3 25 | 1.58× | 1.93× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | -0.03× | ||
| Q4 24 | 3.13× | 5.68× | ||
| Q3 24 | 0.85× | 1.48× | ||
| Q2 24 | 5.97× | 0.67× | ||
| Q1 24 | — | 0.10× |
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% |
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
