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微软（MSFT）与Take-Two Interactive（TTWO）财务数据对比。点击上方公司名可切换其他公司
微软的季度营收约是Take-Two Interactive的47.8倍（$81.3B vs $1.7B），微软净利率更高（47.3% vs -5.5%，领先52.8%），Take-Two Interactive同比增速更快（24.9% vs 16.7%），微软自由现金流更多（$5.9B vs $236.2M），过去两年微软的营收复合增速更高（14.6% vs 10.2%）
微软是总部位于美国华盛顿州雷德蒙德的跨国科技集团，1975年成立。凭借Windows等软件推动个人计算机普及并奠定行业影响力，目前业务已覆盖互联网服务、云计算、人工智能、电子游戏等多个领域。
Take-Two Interactive是总部位于美国纽约的电子游戏控股企业，由瑞安·布兰特于1993年9月创立，在全球互动娱乐领域拥有较高影响力，业务覆盖游戏研发、发行与运营等核心环节。
MSFT vs TTWO — 直观对比
营收规模更大
MSFT
是对方的47.8倍
$1.7B
营收增速更快
TTWO
高出8.2%
16.7%
净利率更高
MSFT
高出52.8%
-5.5%
自由现金流更多
MSFT
多$5.6B
$236.2M
两年增速更快
MSFT
近两年复合增速
10.2%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $81.3B | $1.7B |
| 净利润 | $38.5B | $-92.9M |
| 毛利率 | 68.0% | 55.7% |
| 营业利润率 | 47.1% | -2.3% |
| 净利率 | 47.3% | -5.5% |
| 营收同比 | 16.7% | 24.9% |
| 净利润同比 | 59.5% | 25.8% |
| 每股收益（稀释后） | $5.16 | $-0.50 |
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MSFTTTWO
| Q4 25 | $81.3B | $1.7B | ||
| Q3 25 | $77.7B | $1.8B | ||
| Q2 25 | $76.4B | $1.5B | ||
| Q1 25 | $70.1B | $1.6B | ||
| Q4 24 | $69.6B | $1.4B | ||
| Q3 24 | $65.6B | $1.4B | ||
| Q2 24 | $64.7B | $1.3B | ||
| Q1 24 | $61.9B | $1.4B |
净利润MSFTTTWO
| Q4 25 | $38.5B | $-92.9M | ||
| Q3 25 | $27.7B | $-133.9M | ||
| Q2 25 | $27.2B | $-11.9M | ||
| Q1 25 | $25.8B | $-3.7B | ||
| Q4 24 | $24.1B | $-125.2M | ||
| Q3 24 | $24.7B | $-365.5M | ||
| Q2 24 | $22.0B | $-262.0M | ||
| Q1 24 | $21.9B | $-2.9B |
毛利率MSFTTTWO
| Q4 25 | 68.0% | 55.7% | ||
| Q3 25 | 69.0% | 55.3% | ||
| Q2 25 | 68.6% | 62.8% | ||
| Q1 25 | 68.7% | 50.8% | ||
| Q4 24 | 68.7% | 55.9% | ||
| Q3 24 | 69.4% | 53.8% | ||
| Q2 24 | 69.6% | 57.6% | ||
| Q1 24 | 70.1% | 33.5% |
营业利润率MSFTTTWO
| Q4 25 | 47.1% | -2.3% | ||
| Q3 25 | 48.9% | -5.5% | ||
| Q2 25 | 44.9% | 1.4% | ||
| Q1 25 | 45.7% | -238.7% | ||
| Q4 24 | 45.5% | -9.7% | ||
| Q3 24 | 46.6% | -22.0% | ||
| Q2 24 | 43.1% | -13.8% | ||
| Q1 24 | 44.6% | -193.9% |
净利率MSFTTTWO
| Q4 25 | 47.3% | -5.5% | ||
| Q3 25 | 35.7% | -7.5% | ||
| Q2 25 | 35.6% | -0.8% | ||
| Q1 25 | 36.9% | -235.5% | ||
| Q4 24 | 34.6% | -9.2% | ||
| Q3 24 | 37.6% | -27.0% | ||
| Q2 24 | 34.0% | -19.6% | ||
| Q1 24 | 35.5% | -207.4% |
每股收益（稀释后）MSFTTTWO
| Q4 25 | $5.16 | $-0.50 | ||
| Q3 25 | $3.72 | $-0.73 | ||
| Q2 25 | $3.65 | $-0.07 | ||
| Q1 25 | $3.46 | $-21.27 | ||
| Q4 24 | $3.23 | $-0.71 | ||
| Q3 24 | $3.30 | $-2.08 | ||
| Q2 24 | $2.94 | $-1.52 | ||
| Q1 24 | $2.94 | $-17.05 |
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 | $89.5B | $2.4B |
| 总债务越低越好 | $40.3B | — |
| 股东权益账面价值 | $390.9B | $3.5B |
| 总资产 | $665.3B | $10.0B |
| 负债/权益比越低杠杆越低 | 0.10× | — |
8季度趋势，按日历期对齐
现金及短期投资MSFTTTWO
| Q4 25 | $89.5B | $2.4B | ||
| Q3 25 | $102.0B | $2.1B | ||
| Q2 25 | $94.6B | $2.0B | ||
| Q1 25 | $79.6B | $1.5B | ||
| Q4 24 | $71.6B | $1.2B | ||
| Q3 24 | $78.4B | $879.6M | ||
| Q2 24 | $75.5B | $1.1B | ||
| Q1 24 | $80.0B | $776.0M |
总债务MSFTTTWO
| Q4 25 | $40.3B | — | ||
| Q3 25 | $43.2B | — | ||
| Q2 25 | $43.2B | — | ||
| Q1 25 | $42.9B | — | ||
| Q4 24 | $45.0B | — | ||
| Q3 24 | $45.1B | — | ||
| Q2 24 | $44.9B | — | ||
| Q1 24 | $44.9B | — |
股东权益MSFTTTWO
| Q4 25 | $390.9B | $3.5B | ||
| Q3 25 | $363.1B | $3.4B | ||
| Q2 25 | $343.5B | $3.5B | ||
| Q1 25 | $321.9B | $2.1B | ||
| Q4 24 | $302.7B | $5.7B | ||
| Q3 24 | $287.7B | $5.8B | ||
| Q2 24 | $268.5B | $6.0B | ||
| Q1 24 | $253.2B | $5.7B |
总资产MSFTTTWO
| Q4 25 | $665.3B | $10.0B | ||
| Q3 25 | $636.4B | $10.1B | ||
| Q2 25 | $619.0B | $9.7B | ||
| Q1 25 | $562.6B | $9.2B | ||
| Q4 24 | $533.9B | $12.7B | ||
| Q3 24 | $523.0B | $13.1B | ||
| Q2 24 | $512.2B | $12.9B | ||
| Q1 24 | $484.3B | $12.2B |
负债/权益比MSFTTTWO
| Q4 25 | 0.10× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.17× | — | ||
| Q1 24 | 0.18× | — |
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 | $35.8B | $305.2M |
| 自由现金流经营现金流 - 资本支出 | $5.9B | $236.2M |
| 自由现金流率自由现金流/营收 | 7.2% | 13.9% |
| 资本支出强度资本支出/营收 | 36.8% | 4.1% |
| 现金转化率经营现金流/净利润 | 0.93× | — |
| 过去12个月自由现金流最近4个季度 | $77.4B | $487.8M |
8季度趋势，按日历期对齐
经营现金流MSFTTTWO
| Q4 25 | $35.8B | $305.2M | ||
| Q3 25 | $45.1B | $128.4M | ||
| Q2 25 | $42.6B | $-44.7M | ||
| Q1 25 | $37.0B | $279.0M | ||
| Q4 24 | $22.3B | $-4.8M | ||
| Q3 24 | $34.2B | $-128.4M | ||
| Q2 24 | $37.2B | $-191.0M | ||
| Q1 24 | $31.9B | $-8.9M |
自由现金流MSFTTTWO
| Q4 25 | $5.9B | $236.2M | ||
| Q3 25 | $25.7B | $96.5M | ||
| Q2 25 | $25.6B | $-69.8M | ||
| Q1 25 | $20.3B | $224.9M | ||
| Q4 24 | $6.5B | $-48.2M | ||
| Q3 24 | $19.3B | $-165.2M | ||
| Q2 24 | $23.3B | $-226.1M | ||
| Q1 24 | $21.0B | $-55.1M |
自由现金流率MSFTTTWO
| Q4 25 | 7.2% | 13.9% | ||
| Q3 25 | 33.0% | 5.4% | ||
| Q2 25 | 33.4% | -4.6% | ||
| Q1 25 | 29.0% | 14.2% | ||
| Q4 24 | 9.3% | -3.5% | ||
| Q3 24 | 29.4% | -12.2% | ||
| Q2 24 | 36.0% | -16.9% | ||
| Q1 24 | 33.9% | -3.9% |
资本支出强度MSFTTTWO
| Q4 25 | 36.8% | 4.1% | ||
| Q3 25 | 25.0% | 1.8% | ||
| Q2 25 | 22.3% | 1.7% | ||
| Q1 25 | 23.9% | 3.4% | ||
| Q4 24 | 22.7% | 3.2% | ||
| Q3 24 | 22.8% | 2.7% | ||
| Q2 24 | 21.4% | 2.6% | ||
| Q1 24 | 17.7% | 3.3% |
现金转化率MSFTTTWO
| Q4 25 | 0.93× | — | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.43× | — | ||
| Q4 24 | 0.92× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 1.45× | — |
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
MSFT
| Microsoft Three Six Five Commercial Products And Cloud Services | $24.5B | 30% |
| Products | $16.5B | 20% |
| More Personal Computing | $14.3B | 18% |
| Gaming | $6.0B | 7% |
| Linked In Corporation | $5.1B | 6% |
| Windows And Devices | $4.5B | 6% |
| Search And News Advertising | $3.8B | 5% |
| Microsoft Three Six Five Consumer Products And Cloud Services | $2.3B | 3% |
| Dynamics Products And Cloud Services | $2.2B | 3% |
| Enterprise And Partner Services | $2.0B | 3% |
| Other Products And Services | $6.0M | 0% |
TTWO
暂无分部数据
