vs
Newsmax Inc.（NMAX）与READING INTERNATIONAL INC（RDI）财务数据对比。点击上方公司名可切换其他公司
Newsmax Inc.的季度营收约是READING INTERNATIONAL INC的1.0倍（$52.2M vs $50.3M），READING INTERNATIONAL INC净利率更高（-5.1% vs -5.7%，领先0.6%），READING INTERNATIONAL INC自由现金流更多（$4.1M vs $1.8M）
纽斯马克斯公司是一家总部位于美国的媒体广播企业，提供新闻报道、政治评论、观点内容及生活类节目，通过有线电视、官网、移动应用和流媒体平台分发内容，主要面向美国本土受众，核心内容板块侧重保守立场的时事资讯。
雷丁公司是总部位于美国费城的铁路企业，1924年起在宾夕法尼亚州东部及周边各州提供客运与货运运输服务，直至1976年被联合铁路公司收购。
NMAX vs RDI — 直观对比
营收规模更大
NMAX
是对方的1.0倍
$50.3M
净利率更高
RDI
高出0.6%
-5.7%
自由现金流更多
RDI
多$2.4M
$1.8M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $52.2M | $50.3M |
| 净利润 | $-3.0M | $-2.6M |
| 毛利率 | 36.7% | — |
| 营业利润率 | -9.0% | -1.9% |
| 净利率 | -5.7% | -5.1% |
| 营收同比 | — | -14.2% |
| 净利润同比 | — | -14.5% |
| 每股收益（稀释后） | $0.15 | $-0.11 |
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NMAXRDI
| Q4 25 | $52.2M | $50.3M | ||
| Q3 25 | $45.3M | $52.2M | ||
| Q2 25 | $46.4M | $60.4M | ||
| Q1 25 | $45.3M | $40.2M | ||
| Q4 24 | — | $58.6M | ||
| Q3 24 | — | $60.1M | ||
| Q2 24 | — | $46.8M | ||
| Q1 24 | — | $45.1M |
净利润NMAXRDI
| Q4 25 | $-3.0M | $-2.6M | ||
| Q3 25 | $-4.1M | $-4.2M | ||
| Q2 25 | $-75.2M | $-2.7M | ||
| Q1 25 | $-17.2M | $-4.8M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-7.0M | ||
| Q2 24 | — | $-12.8M | ||
| Q1 24 | — | $-13.2M |
毛利率NMAXRDI
| Q4 25 | 36.7% | — | ||
| Q3 25 | 35.3% | — | ||
| Q2 25 | 38.0% | — | ||
| Q1 25 | 47.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率NMAXRDI
| Q4 25 | -9.0% | -1.9% | ||
| Q3 25 | -15.9% | -0.6% | ||
| Q2 25 | -164.5% | 4.8% | ||
| Q1 25 | -25.5% | -17.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | -0.6% | ||
| Q2 24 | — | -16.4% | ||
| Q1 24 | — | -16.7% |
净利率NMAXRDI
| Q4 25 | -5.7% | -5.1% | ||
| Q3 25 | -9.1% | -8.0% | ||
| Q2 25 | -161.9% | -4.4% | ||
| Q1 25 | -38.0% | -11.8% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | — | -27.4% | ||
| Q1 24 | — | -29.4% |
每股收益（稀释后）NMAXRDI
| Q4 25 | $0.15 | $-0.11 | ||
| Q3 25 | $-0.03 | $-0.18 | ||
| Q2 25 | $-0.59 | $-0.12 | ||
| Q1 25 | $-0.49 | $-0.21 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | — | $-0.31 | ||
| Q2 24 | — | $-0.57 | ||
| Q1 24 | — | $-0.59 |
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 | $20.4M | $10.5M |
| 总债务越低越好 | — | $185.1M |
| 股东权益账面价值 | $106.0M | $-18.2M |
| 总资产 | $239.8M | $434.9M |
| 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NMAXRDI
| Q4 25 | $20.4M | $10.5M | ||
| Q3 25 | $14.2M | $8.1M | ||
| Q2 25 | $33.8M | $9.1M | ||
| Q1 25 | $126.7M | $5.9M | ||
| Q4 24 | — | $12.4M | ||
| Q3 24 | — | $10.1M | ||
| Q2 24 | — | $9.3M | ||
| Q1 24 | — | $7.5M |
总债务NMAXRDI
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NMAXRDI
| Q4 25 | $106.0M | $-18.2M | ||
| Q3 25 | $106.0M | $-12.1M | ||
| Q2 25 | $106.9M | $-7.7M | ||
| Q1 25 | $177.4M | $-8.1M | ||
| Q4 24 | — | $-4.4M | ||
| Q3 24 | — | $1.6M | ||
| Q2 24 | — | $6.5M | ||
| Q1 24 | — | $18.0M |
总资产NMAXRDI
| Q4 25 | $239.8M | $434.9M | ||
| Q3 25 | $233.3M | $435.2M | ||
| Q2 25 | $259.8M | $438.1M | ||
| Q1 25 | $278.2M | $441.0M | ||
| Q4 24 | — | $471.0M | ||
| Q3 24 | — | $495.7M | ||
| Q2 24 | — | $494.9M | ||
| Q1 24 | — | $494.9M |
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 | $2.6M | $4.3M |
| 自由现金流经营现金流 - 资本支出 | $1.8M | $4.1M |
| 自由现金流率自由现金流/营收 | 3.4% | 8.2% |
| 资本支出强度资本支出/营收 | 1.7% | 0.3% |
| 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 | $-107.1M | $-2.9M |
8季度趋势，按日历期对齐
经营现金流NMAXRDI
| Q4 25 | $2.6M | $4.3M | ||
| Q3 25 | $-68.1M | $295.0K | ||
| Q2 25 | $-23.2M | $1.6M | ||
| Q1 25 | $-15.7M | $-7.7M | ||
| Q4 24 | — | $8.0M | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | — | $-10.4M | ||
| Q1 24 | — | $-2.8M |
自由现金流NMAXRDI
| Q4 25 | $1.8M | $4.1M | ||
| Q3 25 | $-69.2M | $-246.0K | ||
| Q2 25 | $-23.8M | $1.2M | ||
| Q1 25 | $-15.8M | $-8.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $-10.6M | ||
| Q1 24 | — | $-4.7M |
自由现金流率NMAXRDI
| Q4 25 | 3.4% | 8.2% | ||
| Q3 25 | -152.9% | -0.5% | ||
| Q2 25 | -51.3% | 1.9% | ||
| Q1 25 | -34.9% | -19.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | -1.8% | ||
| Q2 24 | — | -22.7% | ||
| Q1 24 | — | -10.4% |
资本支出强度NMAXRDI
| Q4 25 | 1.7% | 0.3% | ||
| Q3 25 | 2.4% | 1.0% | ||
| Q2 25 | 1.3% | 0.6% | ||
| Q1 25 | 0.2% | 0.6% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 4.3% |
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
NMAX
| Advertising | $33.9M | 65% |
| Affiliate Fee | $8.3M | 16% |
| Subscription And Circulation | $6.2M | 12% |
| Products | $2.6M | 5% |
| Supplement Sales | $1.1M | 2% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
