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巴诺书店（NE）与OUTFRONT Media Inc.（OUT）财务数据对比。点击上方公司名可切换其他公司
巴诺书店的季度营收约是OUTFRONT Media Inc.的1.5倍（$764.4M vs $513.3M），OUTFRONT Media Inc.净利率更高（18.9% vs 11.3%，领先7.5%），OUTFRONT Media Inc.同比增速更快（4.1% vs -17.6%），OUTFRONT Media Inc.自由现金流更多（$93.3M vs $35.4M），过去两年OUTFRONT Media Inc.的营收复合增速更高（12.1% vs 9.5%）
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
NE vs OUT — 直观对比
营收规模更大
NE
是对方的1.5倍
$513.3M
营收增速更快
OUT
高出21.6%
-17.6%
净利率更高
OUT
高出7.5%
11.3%
自由现金流更多
OUT
多$57.9M
$35.4M
两年增速更快
OUT
近两年复合增速
9.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $764.4M | $513.3M |
| 净利润 | $86.6M | $96.8M |
| 毛利率 | — | — |
| 营业利润率 | 5.6% | 26.0% |
| 净利率 | 11.3% | 18.9% |
| 营收同比 | -17.6% | 4.1% |
| 净利润同比 | -10.4% | 30.8% |
| 每股收益（稀释后） | $0.54 | $0.57 |
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NEOUT
| Q4 25 | $764.4M | $513.3M | ||
| Q3 25 | $798.0M | $467.5M | ||
| Q2 25 | $848.7M | $460.2M | ||
| Q1 25 | $874.5M | $390.7M | ||
| Q4 24 | $927.3M | $493.2M | ||
| Q3 24 | $800.5M | $451.9M | ||
| Q2 24 | $692.8M | $477.3M | ||
| Q1 24 | $637.1M | $408.5M |
净利润NEOUT
| Q4 25 | $86.6M | $96.8M | ||
| Q3 25 | $-21.1M | $51.3M | ||
| Q2 25 | $42.9M | $19.5M | ||
| Q1 25 | $108.3M | $-20.6M | ||
| Q4 24 | $96.6M | $74.0M | ||
| Q3 24 | $61.2M | $34.6M | ||
| Q2 24 | $195.0M | $176.8M | ||
| Q1 24 | $95.5M | $-27.2M |
营业利润率NEOUT
| Q4 25 | 5.6% | 26.0% | ||
| Q3 25 | 6.3% | 19.2% | ||
| Q2 25 | 15.9% | 12.2% | ||
| Q1 25 | 21.4% | 3.6% | ||
| Q4 24 | 18.4% | 22.5% | ||
| Q3 24 | 14.4% | 15.8% | ||
| Q2 24 | 30.3% | 48.0% | ||
| Q1 24 | 16.9% | 3.4% |
净利率NEOUT
| Q4 25 | 11.3% | 18.9% | ||
| Q3 25 | -2.6% | 11.0% | ||
| Q2 25 | 5.1% | 4.2% | ||
| Q1 25 | 12.4% | -5.3% | ||
| Q4 24 | 10.4% | 15.0% | ||
| Q3 24 | 7.6% | 7.7% | ||
| Q2 24 | 28.1% | 37.0% | ||
| Q1 24 | 15.0% | -6.7% |
每股收益（稀释后）NEOUT
| Q4 25 | $0.54 | $0.57 | ||
| Q3 25 | $-0.13 | $0.29 | ||
| Q2 25 | $0.27 | $0.10 | ||
| Q1 25 | $0.67 | $-0.14 | ||
| Q4 24 | $0.56 | $0.49 | ||
| Q3 24 | $0.40 | $0.19 | ||
| Q2 24 | $1.34 | $1.01 | ||
| Q1 24 | $0.66 | $-0.18 |
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 | $471.4M | $99.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.5B | $710.4M |
| 总资产 | $7.5B | $5.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NEOUT
| Q4 25 | $471.4M | $99.9M | ||
| Q3 25 | $477.9M | $63.0M | ||
| Q2 25 | $338.2M | $28.5M | ||
| Q1 25 | $303.8M | $30.5M | ||
| Q4 24 | $247.3M | $46.9M | ||
| Q3 24 | $391.9M | $28.0M | ||
| Q2 24 | $162.9M | $49.6M | ||
| Q1 24 | $212.5M | $42.4M |
股东权益NEOUT
| Q4 25 | $4.5B | $710.4M | ||
| Q3 25 | $4.5B | $542.6M | ||
| Q2 25 | $4.6B | $539.1M | ||
| Q1 25 | $4.7B | $566.9M | ||
| Q4 24 | $4.7B | $649.0M | ||
| Q3 24 | $4.7B | $618.2M | ||
| Q2 24 | $4.0B | $664.9M | ||
| Q1 24 | $3.9B | $524.2M |
总资产NEOUT
| Q4 25 | $7.5B | $5.3B | ||
| Q3 25 | $7.6B | $5.2B | ||
| Q2 25 | $7.7B | $5.1B | ||
| Q1 25 | $7.9B | $5.1B | ||
| Q4 24 | $8.0B | $5.2B | ||
| Q3 24 | $8.0B | $5.2B | ||
| Q2 24 | $5.6B | $5.3B | ||
| Q1 24 | $5.4B | $5.5B |
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 | $187.1M | $118.1M |
| 自由现金流经营现金流 - 资本支出 | $35.4M | $93.3M |
| 自由现金流率自由现金流/营收 | 4.6% | 18.2% |
| 资本支出强度资本支出/营收 | 19.9% | 4.8% |
| 现金转化率经营现金流/净利润 | 2.16× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $432.2M | $218.8M |
8季度趋势，按日历期对齐
经营现金流NEOUT
| Q4 25 | $187.1M | $118.1M | ||
| Q3 25 | $277.1M | $88.8M | ||
| Q2 25 | $216.4M | $67.1M | ||
| Q1 25 | $271.1M | $33.6M | ||
| Q4 24 | $136.2M | $124.5M | ||
| Q3 24 | $283.8M | $73.1M | ||
| Q2 24 | $106.8M | $71.0M | ||
| Q1 24 | $128.7M | $30.6M |
自由现金流NEOUT
| Q4 25 | $35.4M | $93.3M | ||
| Q3 25 | $139.5M | $67.7M | ||
| Q2 25 | $99.8M | $41.4M | ||
| Q1 25 | $157.5M | $16.4M | ||
| Q4 24 | $-4.4M | $106.3M | ||
| Q3 24 | $156.8M | $55.5M | ||
| Q2 24 | $-34.3M | $47.1M | ||
| Q1 24 | $-37.9M | $12.2M |
自由现金流率NEOUT
| Q4 25 | 4.6% | 18.2% | ||
| Q3 25 | 17.5% | 14.5% | ||
| Q2 25 | 11.8% | 9.0% | ||
| Q1 25 | 18.0% | 4.2% | ||
| Q4 24 | -0.5% | 21.6% | ||
| Q3 24 | 19.6% | 12.3% | ||
| Q2 24 | -4.9% | 9.9% | ||
| Q1 24 | -6.0% | 3.0% |
资本支出强度NEOUT
| Q4 25 | 19.9% | 4.8% | ||
| Q3 25 | 17.3% | 4.5% | ||
| Q2 25 | 13.7% | 5.6% | ||
| Q1 25 | 13.0% | 4.4% | ||
| Q4 24 | 15.2% | 3.7% | ||
| Q3 24 | 15.9% | 3.9% | ||
| Q2 24 | 20.4% | 5.0% | ||
| Q1 24 | 26.2% | 4.5% |
现金转化率NEOUT
| Q4 25 | 2.16× | 1.22× | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | 5.05× | 3.44× | ||
| Q1 25 | 2.50× | — | ||
| Q4 24 | 1.41× | 1.68× | ||
| Q3 24 | 4.64× | 2.11× | ||
| Q2 24 | 0.55× | 0.40× | ||
| Q1 24 | 1.35× | — |
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
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
