vs
网飞（NFLX）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
网飞的季度营收约是美国合众银行的1.7倍（$12.2B vs $7.4B），网飞净利率更高（43.1% vs 27.8%，领先15.4%），网飞同比增速更快（16.2% vs 5.1%），过去两年网飞的营收复合增速更高（13.2% vs 4.7%）
网飞是来自美国的会员制点播流媒体服务平台，主要提供不同品类的原创及引进电影、电视剧内容，业务覆盖全球众多国家和地区，支持多语言服务，致力于为全球用户提供多元优质的视听娱乐体验。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
NFLX vs USB — 直观对比
营收规模更大
NFLX
是对方的1.7倍
$7.4B
营收增速更快
NFLX
高出11.1%
5.1%
净利率更高
NFLX
高出15.4%
27.8%
两年增速更快
NFLX
近两年复合增速
4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $12.2B | $7.4B |
| 净利润 | $5.3B | $2.0B |
| 毛利率 | 51.9% | — |
| 营业利润率 | 32.3% | 34.4% |
| 净利率 | 43.1% | 27.8% |
| 营收同比 | 16.2% | 5.1% |
| 净利润同比 | 82.8% | 23.0% |
| 每股收益（稀释后） | $1.23 | $1.26 |
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NFLXUSB
| Q1 26 | $12.2B | — | ||
| Q4 25 | $12.1B | $7.4B | ||
| Q3 25 | $11.5B | $7.3B | ||
| Q2 25 | $11.1B | $7.0B | ||
| Q1 25 | $10.5B | $7.0B | ||
| Q4 24 | $10.2B | $7.0B | ||
| Q3 24 | $9.8B | $6.9B | ||
| Q2 24 | $9.6B | $6.9B |
净利润NFLXUSB
| Q1 26 | $5.3B | — | ||
| Q4 25 | $2.4B | $2.0B | ||
| Q3 25 | $2.5B | $2.0B | ||
| Q2 25 | $3.1B | $1.8B | ||
| Q1 25 | $2.9B | $1.7B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $2.4B | $1.7B | ||
| Q2 24 | $2.1B | $1.6B |
毛利率NFLXUSB
| Q1 26 | 51.9% | — | ||
| Q4 25 | 45.9% | — | ||
| Q3 25 | 46.4% | — | ||
| Q2 25 | 51.9% | — | ||
| Q1 25 | 50.1% | — | ||
| Q4 24 | 43.7% | — | ||
| Q3 24 | 47.9% | — | ||
| Q2 24 | 45.9% | — |
营业利润率NFLXUSB
| Q1 26 | 32.3% | — | ||
| Q4 25 | 24.5% | 34.4% | ||
| Q3 25 | 28.2% | 34.5% | ||
| Q2 25 | 34.1% | 32.7% | ||
| Q1 25 | 31.7% | 31.0% | ||
| Q4 24 | 22.2% | 30.1% | ||
| Q3 24 | 29.6% | 30.2% | ||
| Q2 24 | 27.2% | 29.9% |
净利率NFLXUSB
| Q1 26 | 43.1% | — | ||
| Q4 25 | 20.1% | 27.8% | ||
| Q3 25 | 22.1% | 27.3% | ||
| Q2 25 | 28.2% | 25.9% | ||
| Q1 25 | 27.4% | 24.6% | ||
| Q4 24 | 18.2% | 23.7% | ||
| Q3 24 | 24.1% | 25.0% | ||
| Q2 24 | 22.5% | 23.3% |
每股收益（稀释后）NFLXUSB
| Q1 26 | $1.23 | — | ||
| Q4 25 | $-17.14 | $1.26 | ||
| Q3 25 | $5.87 | $1.22 | ||
| Q2 25 | $7.19 | $1.11 | ||
| Q1 25 | $0.66 | $1.03 | ||
| Q4 24 | $4.27 | $1.01 | ||
| Q3 24 | $5.40 | $1.03 | ||
| Q2 24 | $4.88 | $0.97 |
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 | $12.3B | — |
| 总债务越低越好 | $13.4B | — |
| 股东权益账面价值 | $31.1B | $65.2B |
| 总资产 | $61.0B | $692.3B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资NFLXUSB
| Q1 26 | $12.3B | — | ||
| Q4 25 | $9.1B | — | ||
| Q3 25 | $9.3B | — | ||
| Q2 25 | $8.4B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $9.6B | — | ||
| Q3 24 | $9.2B | — | ||
| Q2 24 | $6.7B | — |
总债务NFLXUSB
| Q1 26 | $13.4B | — | ||
| Q4 25 | $13.5B | — | ||
| Q3 25 | $14.5B | — | ||
| Q2 25 | $14.5B | — | ||
| Q1 25 | $14.0B | — | ||
| Q4 24 | $13.8B | — | ||
| Q3 24 | $14.2B | — | ||
| Q2 24 | $12.2B | — |
股东权益NFLXUSB
| Q1 26 | $31.1B | — | ||
| Q4 25 | $26.6B | $65.2B | ||
| Q3 25 | $26.0B | $63.3B | ||
| Q2 25 | $25.0B | $61.4B | ||
| Q1 25 | $24.0B | $60.1B | ||
| Q4 24 | $24.7B | $58.6B | ||
| Q3 24 | $22.7B | $58.9B | ||
| Q2 24 | $22.1B | $56.4B |
总资产NFLXUSB
| Q1 26 | $61.0B | — | ||
| Q4 25 | $55.6B | $692.3B | ||
| Q3 25 | $54.9B | $695.4B | ||
| Q2 25 | $53.1B | $686.4B | ||
| Q1 25 | $52.1B | $676.5B | ||
| Q4 24 | $53.6B | $678.3B | ||
| Q3 24 | $52.3B | $686.5B | ||
| Q2 24 | $49.1B | $680.1B |
负债/权益比NFLXUSB
| Q1 26 | 0.43× | — | ||
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.55× | — |
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 | $5.3B | $2.8B |
| 自由现金流经营现金流 - 资本支出 | $5.1B | — |
| 自由现金流率自由现金流/营收 | 41.6% | — |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 现金转化率经营现金流/净利润 | 1.00× | 1.39× |
| 过去12个月自由现金流最近4个季度 | $11.9B | — |
8季度趋势，按日历期对齐
经营现金流NFLXUSB
| Q1 26 | $5.3B | — | ||
| Q4 25 | $2.1B | $2.8B | ||
| Q3 25 | $2.8B | $3.4B | ||
| Q2 25 | $2.4B | $2.0B | ||
| Q1 25 | $2.8B | $-285.0M | ||
| Q4 24 | $1.5B | $4.8B | ||
| Q3 24 | $2.3B | $972.0M | ||
| Q2 24 | $1.3B | $2.9B |
自由现金流NFLXUSB
| Q1 26 | $5.1B | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $1.2B | — |
自由现金流率NFLXUSB
| Q1 26 | 41.6% | — | ||
| Q4 25 | 15.5% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | 25.2% | — | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | 22.3% | — | ||
| Q2 24 | 12.7% | — |
资本支出强度NFLXUSB
| Q1 26 | 1.6% | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 0.8% | — |
现金转化率NFLXUSB
| Q1 26 | 1.00× | — | ||
| Q4 25 | 0.87× | 1.39× | ||
| Q3 25 | 1.11× | 1.69× | ||
| Q2 25 | 0.78× | 1.12× | ||
| Q1 25 | 0.97× | -0.17× | ||
| Q4 24 | 0.82× | 2.87× | ||
| Q3 24 | 0.98× | 0.57× | ||
| Q2 24 | 0.60× | 1.79× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
