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National CineMedia, Inc.（NCMI）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
National CineMedia, Inc.的季度营收约是REGIS CORP的1.1倍（$63.4M vs $57.1M），National CineMedia, Inc.净利率更高（2.5% vs 0.8%，领先1.7%），REGIS CORP同比增速更快（22.3% vs 1.6%），REGIS CORP自由现金流更多（$891.0K vs $-2.0M），过去两年REGIS CORP的营收复合增速更高（7.8% vs -16.4%）
国家影院传媒是一家美国影院广告企业，依托由AMC、喜满客、 regal等头部连锁影院及区域影院院线组成的影院数字化网络，面向美国消费者，在影院场地、线上渠道以及移动端开展影院广告业务，是美国影院广告领域的核心运营商。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
NCMI vs RGS — 直观对比
营收规模更大
NCMI
是对方的1.1倍
$57.1M
营收增速更快
RGS
高出20.7%
1.6%
净利率更高
NCMI
高出1.7%
0.8%
自由现金流更多
RGS
多$2.9M
$-2.0M
两年增速更快
RGS
近两年复合增速
-16.4%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $63.4M | $57.1M |
| 净利润 | $1.6M | $456.0K |
| 毛利率 | 95.0% | — |
| 营业利润率 | -2.8% | 10.8% |
| 净利率 | 2.5% | 0.8% |
| 营收同比 | 1.6% | 22.3% |
| 净利润同比 | 144.4% | -94.0% |
| 每股收益（稀释后） | $0.02 | $0.16 |
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NCMIRGS
| Q4 25 | — | $57.1M | ||
| Q3 25 | $63.4M | $59.0M | ||
| Q2 25 | $51.8M | $60.4M | ||
| Q1 25 | $34.9M | $57.0M | ||
| Q4 24 | $86.3M | $46.7M | ||
| Q3 24 | $62.4M | $46.1M | ||
| Q2 24 | $54.7M | $49.4M | ||
| Q1 24 | $37.4M | $49.2M |
净利润NCMIRGS
| Q4 25 | — | $456.0K | ||
| Q3 25 | $1.6M | $1.4M | ||
| Q2 25 | $-10.7M | $116.5M | ||
| Q1 25 | $-30.7M | $250.0K | ||
| Q4 24 | $24.7M | $7.6M | ||
| Q3 24 | $-3.6M | $-853.0K | ||
| Q2 24 | $-8.7M | $91.2M | ||
| Q1 24 | $-34.7M | $-2.3M |
毛利率NCMIRGS
| Q4 25 | — | — | ||
| Q3 25 | 95.0% | — | ||
| Q2 25 | 93.8% | — | ||
| Q1 25 | 91.1% | — | ||
| Q4 24 | 96.4% | — | ||
| Q3 24 | 94.7% | — | ||
| Q2 24 | 93.2% | — | ||
| Q1 24 | 90.4% | — |
营业利润率NCMIRGS
| Q4 25 | — | 10.8% | ||
| Q3 25 | -2.8% | 10.0% | ||
| Q2 25 | -23.2% | 12.1% | ||
| Q1 25 | -68.5% | 8.8% | ||
| Q4 24 | 23.2% | 11.8% | ||
| Q3 24 | -12.0% | 4.6% | ||
| Q2 24 | -17.0% | — | ||
| Q1 24 | -60.7% | 8.3% |
净利率NCMIRGS
| Q4 25 | — | 0.8% | ||
| Q3 25 | 2.5% | 2.3% | ||
| Q2 25 | -20.7% | 192.9% | ||
| Q1 25 | -88.0% | 0.4% | ||
| Q4 24 | 28.6% | 16.4% | ||
| Q3 24 | -5.8% | -1.9% | ||
| Q2 24 | -15.9% | 184.7% | ||
| Q1 24 | -92.8% | -4.7% |
每股收益（稀释后）NCMIRGS
| Q4 25 | — | $0.16 | ||
| Q3 25 | $0.02 | $0.49 | ||
| Q2 25 | $-0.11 | $43.67 | ||
| Q1 25 | $-0.32 | $0.08 | ||
| Q4 24 | $0.26 | $2.71 | ||
| Q3 24 | $-0.04 | $-0.36 | ||
| Q2 24 | $-0.09 | $38.40 | ||
| Q1 24 | $-0.36 | $-1.00 |
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 | $29.9M | $18.4M |
| 总债务越低越好 | — | $113.3M |
| 股东权益账面价值 | $350.5M | $188.7M |
| 总资产 | $451.9M | $588.3M |
| 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NCMIRGS
| Q4 25 | — | $18.4M | ||
| Q3 25 | $29.9M | $16.6M | ||
| Q2 25 | $37.2M | $17.0M | ||
| Q1 25 | $59.8M | $13.3M | ||
| Q4 24 | $75.2M | $10.2M | ||
| Q3 24 | $49.5M | $6.3M | ||
| Q2 24 | $53.8M | $10.1M | ||
| Q1 24 | $57.1M | $5.9M |
总债务NCMIRGS
| Q4 25 | — | $113.3M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | — | $111.5M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $99.5M | ||
| Q1 24 | — | $179.7M |
股东权益NCMIRGS
| Q4 25 | — | $188.7M | ||
| Q3 25 | $350.5M | $187.6M | ||
| Q2 25 | $350.0M | $185.6M | ||
| Q1 25 | $370.8M | $68.6M | ||
| Q4 24 | $411.2M | $66.7M | ||
| Q3 24 | $385.5M | $56.4M | ||
| Q2 24 | $387.9M | $56.8M | ||
| Q1 24 | $402.3M | $-35.8M |
总资产NCMIRGS
| Q4 25 | — | $588.3M | ||
| Q3 25 | $451.9M | $592.1M | ||
| Q2 25 | $462.0M | $599.0M | ||
| Q1 25 | $503.8M | $511.2M | ||
| Q4 24 | $568.6M | $530.1M | ||
| Q3 24 | $526.1M | $508.9M | ||
| Q2 24 | $527.2M | $530.5M | ||
| Q1 24 | $538.6M | $543.7M |
负债/权益比NCMIRGS
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| 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 | $-1.0M | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $-2.0M | $891.0K |
| 自由现金流率自由现金流/营收 | -3.2% | 1.6% |
| 资本支出强度资本支出/营收 | 1.6% | 1.4% |
| 现金转化率经营现金流/净利润 | -0.63× | 3.65× |
| 过去12个月自由现金流最近4个季度 | $24.8M | $14.9M |
8季度趋势，按日历期对齐
经营现金流NCMIRGS
| Q4 25 | — | $1.7M | ||
| Q3 25 | $-1.0M | $2.3M | ||
| Q2 25 | $-4.9M | $6.8M | ||
| Q1 25 | $6.0M | $6.2M | ||
| Q4 24 | $30.5M | $2.1M | ||
| Q3 24 | $-2.0M | $-1.3M | ||
| Q2 24 | $7.7M | $5.1M | ||
| Q1 24 | $24.1M | $-277.0K |
自由现金流NCMIRGS
| Q4 25 | — | $891.0K | ||
| Q3 25 | $-2.0M | $1.9M | ||
| Q2 25 | $-6.6M | $6.2M | ||
| Q1 25 | $5.3M | $5.9M | ||
| Q4 24 | $28.1M | $1.7M | ||
| Q3 24 | $-2.6M | $-1.4M | ||
| Q2 24 | $6.4M | $5.1M | ||
| Q1 24 | $22.6M | $-326.0K |
自由现金流率NCMIRGS
| Q4 25 | — | 1.6% | ||
| Q3 25 | -3.2% | 3.2% | ||
| Q2 25 | -12.7% | 10.3% | ||
| Q1 25 | 15.2% | 10.3% | ||
| Q4 24 | 32.6% | 3.6% | ||
| Q3 24 | -4.2% | -3.0% | ||
| Q2 24 | 11.7% | 10.3% | ||
| Q1 24 | 60.4% | -0.7% |
资本支出强度NCMIRGS
| Q4 25 | — | 1.4% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 3.3% | 0.9% | ||
| Q1 25 | 2.0% | 0.6% | ||
| Q4 24 | 2.8% | 0.9% | ||
| Q3 24 | 1.0% | 0.0% | ||
| Q2 24 | 2.4% | 0.0% | ||
| Q1 24 | 4.0% | 0.1% |
现金转化率NCMIRGS
| Q4 25 | — | 3.65× | ||
| Q3 25 | -0.63× | 1.68× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 24.80× | ||
| Q4 24 | 1.23× | 0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.06× | ||
| 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
NCMI
| National Advertising Revenue | $49.9M | 79% |
| Local Advertising Revenue | $9.6M | 15% |
| Founding Member Advertising Revenue From Beverage Concessionaire Agreements | $3.9M | 6% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
