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摩丁制造（MOD）与Dave & Buster's Entertainment, Inc.（PLAY）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是Dave & Buster's Entertainment, Inc.的1.8倍（$805.0M vs $448.2M），摩丁制造净利率更高（-5.9% vs -9.4%，领先3.5%），摩丁制造同比增速更快（30.5% vs -1.1%），摩丁制造自由现金流更多（$-17.1M vs $-20.6M），过去两年摩丁制造的营收复合增速更高（15.5% vs -13.5%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
MOD vs PLAY — 直观对比
营收规模更大
MOD
是对方的1.8倍
$448.2M
营收增速更快
MOD
高出31.6%
-1.1%
净利率更高
MOD
高出3.5%
-9.4%
自由现金流更多
MOD
多$3.5M
$-20.6M
两年增速更快
MOD
近两年复合增速
-13.5%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $448.2M |
| 净利润 | $-47.4M | $-42.1M |
| 毛利率 | 23.1% | 85.8% |
| 营业利润率 | 11.1% | -3.6% |
| 净利率 | -5.9% | -9.4% |
| 营收同比 | 30.5% | -1.1% |
| 净利润同比 | -215.6% | -28.7% |
| 每股收益（稀释后） | $-0.90 | $-1.22 |
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MODPLAY
| Q4 25 | $805.0M | $448.2M | ||
| Q3 25 | $738.9M | $557.4M | ||
| Q2 25 | $682.8M | $567.7M | ||
| Q1 25 | $647.2M | $534.5M | ||
| Q4 24 | $616.8M | $453.0M | ||
| Q3 24 | $658.0M | $557.1M | ||
| Q2 24 | $661.5M | $588.1M | ||
| Q1 24 | $603.5M | $599.0M |
净利润MODPLAY
| Q4 25 | $-47.4M | $-42.1M | ||
| Q3 25 | $44.4M | $11.4M | ||
| Q2 25 | $51.2M | $21.7M | ||
| Q1 25 | $49.6M | $9.3M | ||
| Q4 24 | $41.0M | $-32.7M | ||
| Q3 24 | $46.1M | $40.3M | ||
| Q2 24 | $47.3M | $41.4M | ||
| Q1 24 | $25.8M | $36.1M |
毛利率MODPLAY
| Q4 25 | 23.1% | 85.8% | ||
| Q3 25 | 22.3% | 86.3% | ||
| Q2 25 | 24.2% | 85.5% | ||
| Q1 25 | 25.6% | 85.5% | ||
| Q4 24 | 24.3% | 85.0% | ||
| Q3 24 | 25.2% | 85.3% | ||
| Q2 24 | 24.6% | 85.2% | ||
| Q1 24 | 22.4% | 84.1% |
营业利润率MODPLAY
| Q4 25 | 11.1% | -3.6% | ||
| Q3 25 | 9.9% | 9.5% | ||
| Q2 25 | 11.1% | 11.1% | ||
| Q1 25 | 11.5% | 8.3% | ||
| Q4 24 | 9.6% | 1.4% | ||
| Q3 24 | 11.4% | 15.2% | ||
| Q2 24 | 11.2% | 14.5% | ||
| Q1 24 | 7.8% | 14.9% |
净利率MODPLAY
| Q4 25 | -5.9% | -9.4% | ||
| Q3 25 | 6.0% | 2.0% | ||
| Q2 25 | 7.5% | 3.8% | ||
| Q1 25 | 7.7% | 1.7% | ||
| Q4 24 | 6.6% | -7.2% | ||
| Q3 24 | 7.0% | 7.2% | ||
| Q2 24 | 7.2% | 7.0% | ||
| Q1 24 | 4.3% | 6.0% |
每股收益（稀释后）MODPLAY
| Q4 25 | $-0.90 | $-1.22 | ||
| Q3 25 | $0.83 | $0.32 | ||
| Q2 25 | $0.95 | $0.62 | ||
| Q1 25 | $0.92 | $0.32 | ||
| Q4 24 | $0.76 | $-0.84 | ||
| Q3 24 | $0.86 | $0.99 | ||
| Q2 24 | $0.88 | $0.99 | ||
| Q1 24 | $0.48 | $0.95 |
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 | $98.7M | $13.6M |
| 总债务越低越好 | $570.7M | $1.6B |
| 股东权益账面价值 | $1.1B | $130.8M |
| 总资产 | $2.5B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.51× | 12.17× |
8季度趋势，按日历期对齐
现金及短期投资MODPLAY
| Q4 25 | $98.7M | $13.6M | ||
| Q3 25 | $83.8M | $12.0M | ||
| Q2 25 | $124.5M | $11.9M | ||
| Q1 25 | $71.6M | $6.9M | ||
| Q4 24 | $83.8M | $8.6M | ||
| Q3 24 | $78.6M | $13.1M | ||
| Q2 24 | $72.9M | $32.1M | ||
| Q1 24 | $60.1M | $37.3M |
总债务MODPLAY
| Q4 25 | $570.7M | $1.6B | ||
| Q3 25 | $525.8M | $1.6B | ||
| Q2 25 | $482.1M | $1.6B | ||
| Q1 25 | $296.7M | $1.5B | ||
| Q4 24 | $330.0M | $1.5B | ||
| Q3 24 | $359.1M | $1.3B | ||
| Q2 24 | $405.7M | $1.3B | ||
| Q1 24 | $399.9M | $1.3B |
股东权益MODPLAY
| Q4 25 | $1.1B | $130.8M | ||
| Q3 25 | $1.1B | $166.2M | ||
| Q2 25 | $1.0B | $146.8M | ||
| Q1 25 | $910.2M | $145.8M | ||
| Q4 24 | $855.1M | $226.6M | ||
| Q3 24 | $858.8M | $284.4M | ||
| Q2 24 | $788.4M | $292.5M | ||
| Q1 24 | $747.6M | $251.2M |
总资产MODPLAY
| Q4 25 | $2.5B | $4.1B | ||
| Q3 25 | $2.4B | $4.1B | ||
| Q2 25 | $2.2B | $4.1B | ||
| Q1 25 | $1.9B | $4.0B | ||
| Q4 24 | $1.8B | $3.9B | ||
| Q3 24 | $1.9B | $3.8B | ||
| Q2 24 | $1.9B | $3.8B | ||
| Q1 24 | $1.9B | $3.8B |
负债/权益比MODPLAY
| Q4 25 | 0.51× | 12.17× | ||
| Q3 25 | 0.50× | 9.57× | ||
| Q2 25 | 0.48× | 10.98× | ||
| Q1 25 | 0.33× | 10.45× | ||
| Q4 24 | 0.39× | 6.58× | ||
| Q3 24 | 0.42× | 4.72× | ||
| Q2 24 | 0.51× | 4.58× | ||
| Q1 24 | 0.53× | 5.33× |
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 | $24.7M | $58.0M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $-20.6M |
| 自由现金流率自由现金流/营收 | -2.1% | -4.6% |
| 资本支出强度资本支出/营收 | 5.2% | 17.5% |
| 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 | $-20.3M | $-195.6M |
8季度趋势，按日历期对齐
经营现金流MODPLAY
| Q4 25 | $24.7M | $58.0M | ||
| Q3 25 | $1.4M | $34.0M | ||
| Q2 25 | $27.7M | $95.8M | ||
| Q1 25 | $54.8M | $108.9M | ||
| Q4 24 | $60.7M | $-7.2M | ||
| Q3 24 | $57.3M | $101.8M | ||
| Q2 24 | $40.5M | $108.8M | ||
| Q1 24 | $39.6M | $97.2M |
自由现金流MODPLAY
| Q4 25 | $-17.1M | $-20.6M | ||
| Q3 25 | $-30.5M | $-55.2M | ||
| Q2 25 | $200.0K | $-58.8M | ||
| Q1 25 | $27.1M | $-61.0M | ||
| Q4 24 | $44.7M | $-138.4M | ||
| Q3 24 | $43.8M | $-14.3M | ||
| Q2 24 | $13.7M | $-4.2M | ||
| Q1 24 | $-4.3M | $-25.4M |
自由现金流率MODPLAY
| Q4 25 | -2.1% | -4.6% | ||
| Q3 25 | -4.1% | -9.9% | ||
| Q2 25 | 0.0% | -10.4% | ||
| Q1 25 | 4.2% | -11.4% | ||
| Q4 24 | 7.2% | -30.6% | ||
| Q3 24 | 6.7% | -2.6% | ||
| Q2 24 | 2.1% | -0.7% | ||
| Q1 24 | -0.7% | -4.2% |
资本支出强度MODPLAY
| Q4 25 | 5.2% | 17.5% | ||
| Q3 25 | 4.3% | 16.0% | ||
| Q2 25 | 4.0% | 27.2% | ||
| Q1 25 | 4.3% | 31.8% | ||
| Q4 24 | 2.6% | 29.0% | ||
| Q3 24 | 2.1% | 20.8% | ||
| Q2 24 | 4.1% | 19.2% | ||
| Q1 24 | 7.3% | 20.5% |
现金转化率MODPLAY
| Q4 25 | — | — | ||
| Q3 25 | 0.03× | 2.98× | ||
| Q2 25 | 0.54× | 4.41× | ||
| Q1 25 | 1.10× | 11.71× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.24× | 2.53× | ||
| Q2 24 | 0.86× | 2.63× | ||
| Q1 24 | 1.53× | 2.69× |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
