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MAGNITE, INC.（MGNI）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
MAGNITE, INC.的季度营收约是BRC Group Holdings, Inc.的1.1倍（$205.4M vs $188.3M），MAGNITE, INC.净利率更高（59.9% vs 47.9%，领先12.0%），MAGNITE, INC.同比增速更快（5.9% vs -21.9%），过去两年MAGNITE, INC.的营收复合增速更高（17.3% vs -15.4%）
Magnite是总部位于美国加利福尼亚州洛杉矶的在线广告技术企业，由Rubicon Project与Telaria于2020年合并成立，专注于广告技术领域的相关业务，为行业提供数字化广告技术解决方案。
MGNI vs RILY — 直观对比
营收规模更大
MGNI
是对方的1.1倍
$188.3M
营收增速更快
MGNI
高出27.7%
-21.9%
净利率更高
MGNI
高出12.0%
47.9%
两年增速更快
MGNI
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $205.4M | $188.3M |
| 净利润 | $123.0M | $90.3M |
| 毛利率 | 66.2% | 79.5% |
| 营业利润率 | 25.3% | 32.3% |
| 净利率 | 59.9% | 47.9% |
| 营收同比 | 5.9% | -21.9% |
| 净利润同比 | 238.0% | 1710.8% |
| 每股收益（稀释后） | $0.81 | $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MGNIRILY
| Q4 25 | $205.4M | $188.3M | ||
| Q3 25 | $179.5M | $215.3M | ||
| Q2 25 | $173.3M | $188.2M | ||
| Q1 25 | $155.8M | $197.2M | ||
| Q4 24 | $194.0M | $241.0M | ||
| Q3 24 | $162.0M | $225.5M | ||
| Q2 24 | $162.9M | $256.0M | ||
| Q1 24 | $149.3M | $263.4M |
净利润MGNIRILY
| Q4 25 | $123.0M | $90.3M | ||
| Q3 25 | $20.1M | $91.1M | ||
| Q2 25 | $11.1M | $139.5M | ||
| Q1 25 | $-9.6M | $-10.0M | ||
| Q4 24 | $36.4M | $-5.6M | ||
| Q3 24 | $5.2M | $-284.4M | ||
| Q2 24 | $-1.1M | $-433.6M | ||
| Q1 24 | $-17.8M | $-49.2M |
毛利率MGNIRILY
| Q4 25 | 66.2% | 79.5% | ||
| Q3 25 | 61.4% | 83.7% | ||
| Q2 25 | 62.5% | 81.3% | ||
| Q1 25 | 59.7% | 81.4% | ||
| Q4 24 | 65.1% | 79.8% | ||
| Q3 24 | 61.4% | 82.1% | ||
| Q2 24 | 61.6% | 84.5% | ||
| Q1 24 | 55.9% | 85.3% |
营业利润率MGNIRILY
| Q4 25 | 25.3% | 32.3% | ||
| Q3 25 | 14.0% | 30.4% | ||
| Q2 25 | 12.7% | 5.7% | ||
| Q1 25 | -0.9% | -31.2% | ||
| Q4 24 | 20.7% | -69.2% | ||
| Q3 24 | 9.3% | -36.4% | ||
| Q2 24 | 5.9% | -90.8% | ||
| Q1 24 | -9.3% | -6.1% |
净利率MGNIRILY
| Q4 25 | 59.9% | 47.9% | ||
| Q3 25 | 11.2% | 42.3% | ||
| Q2 25 | 6.4% | 74.1% | ||
| Q1 25 | -6.2% | -5.1% | ||
| Q4 24 | 18.8% | -2.3% | ||
| Q3 24 | 3.2% | -126.1% | ||
| Q2 24 | -0.7% | -169.4% | ||
| Q1 24 | -11.9% | -18.7% |
每股收益（稀释后）MGNIRILY
| Q4 25 | $0.81 | $2.78 | ||
| Q3 25 | $0.13 | $2.91 | ||
| Q2 25 | $0.08 | $4.50 | ||
| Q1 25 | $-0.07 | $-0.39 | ||
| Q4 24 | $0.26 | $-0.01 | ||
| Q3 24 | $0.04 | $-9.39 | ||
| Q2 24 | $-0.01 | $-14.35 | ||
| Q1 24 | $-0.13 | $-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 | $553.4M | $226.6M |
| 总债务越低越好 | $556.1M | $1.4B |
| 股东权益账面价值 | $922.4M | $-171.5M |
| 总资产 | $3.2B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.60× | — |
8季度趋势，按日历期对齐
现金及短期投资MGNIRILY
| Q4 25 | $553.4M | $226.6M | ||
| Q3 25 | $482.1M | $184.2M | ||
| Q2 25 | $426.0M | $267.4M | ||
| Q1 25 | $429.7M | $138.3M | ||
| Q4 24 | $483.2M | $146.9M | ||
| Q3 24 | $387.2M | $159.2M | ||
| Q2 24 | $326.5M | $236.9M | ||
| Q1 24 | $252.8M | $190.7M |
总债务MGNIRILY
| Q4 25 | $556.1M | $1.4B | ||
| Q3 25 | $556.3M | $1.3B | ||
| Q2 25 | $556.4M | $1.3B | ||
| Q1 25 | $556.6M | $1.4B | ||
| Q4 24 | $553.7M | $1.5B | ||
| Q3 24 | $553.8M | — | ||
| Q2 24 | $552.7M | — | ||
| Q1 24 | $552.7M | — |
股东权益MGNIRILY
| Q4 25 | $922.4M | $-171.5M | ||
| Q3 25 | $808.0M | $-260.5M | ||
| Q2 25 | $768.5M | $-351.7M | ||
| Q1 25 | $741.8M | $-496.8M | ||
| Q4 24 | $768.2M | $-488.2M | ||
| Q3 24 | $725.9M | $-497.6M | ||
| Q2 24 | $713.0M | $-218.3M | ||
| Q1 24 | $695.4M | $228.4M |
总资产MGNIRILY
| Q4 25 | $3.2B | $1.7B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $2.9B | $1.5B | ||
| Q1 25 | $2.7B | $1.5B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $2.7B | $2.2B | ||
| Q2 24 | $2.6B | $3.2B | ||
| Q1 24 | $2.5B | $5.0B |
负债/权益比MGNIRILY
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 0.78× | — | ||
| Q1 24 | 0.79× | — |
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 | $128.5M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $103.1M | — |
| 自由现金流率自由现金流/营收 | 50.2% | — |
| 资本支出强度资本支出/营收 | 12.4% | — |
| 现金转化率经营现金流/净利润 | 1.04× | 0.29× |
| 过去12个月自由现金流最近4个季度 | $165.6M | — |
8季度趋势，按日历期对齐
经营现金流MGNIRILY
| Q4 25 | $128.5M | $26.2M | ||
| Q3 25 | $86.6M | $-60.6M | ||
| Q2 25 | $18.5M | $-25.6M | ||
| Q1 25 | $2.6M | $184.0K | ||
| Q4 24 | $114.7M | $-2.7M | ||
| Q3 24 | $91.3M | $19.5M | ||
| Q2 24 | $89.6M | $111.5M | ||
| Q1 24 | $-60.4M | $135.4M |
自由现金流MGNIRILY
| Q4 25 | $103.1M | — | ||
| Q3 25 | $68.4M | — | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $-11.8M | — | ||
| Q4 24 | $111.0M | — | ||
| Q3 24 | $77.3M | — | ||
| Q2 24 | $80.4M | — | ||
| Q1 24 | $-66.3M | — |
自由现金流率MGNIRILY
| Q4 25 | 50.2% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | -7.6% | — | ||
| Q4 24 | 57.2% | — | ||
| Q3 24 | 47.7% | — | ||
| Q2 24 | 49.4% | — | ||
| Q1 24 | -44.4% | — |
资本支出强度MGNIRILY
| Q4 25 | 12.4% | — | ||
| Q3 25 | 10.2% | — | ||
| Q2 25 | 7.2% | — | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 5.6% | — | ||
| Q1 24 | 3.9% | — |
现金转化率MGNIRILY
| Q4 25 | 1.04× | 0.29× | ||
| Q3 25 | 4.32× | -0.66× | ||
| Q2 25 | 1.66× | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.15× | — | ||
| Q3 24 | 17.52× | — | ||
| 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
MGNI
| Connected Television | $103.4M | 50% |
| Other | $55.7M | 27% |
| Desktop | $28.9M | 14% |
| Gross Revenue | $17.4M | 8% |
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% |
