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Newsmax Inc.（NMAX）与Rumble Inc.（RUM）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Rumble Inc.的1.9倍（$52.2M vs $27.1M），Newsmax Inc.净利率更高（-5.7% vs -120.8%，领先115.1%），Newsmax Inc.自由现金流更多（$1.8M vs $-31.7M）
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。
Rumble Inc.是一家加美跨国企业，主营在线视频平台、网络托管及云服务，总部位于加拿大多伦多，美国总部设在佛罗里达州朗博特基。公司由加拿大科技创业者克里斯·帕夫洛夫斯基于2013年创立，云服务板块为Truth Social提供托管支持，其视频平台在美国保守派及极右翼用户群体中广受欢迎，属于“另类科技”阵营。
NMAX vs RUM — 直观对比
营收规模更大
NMAX
是对方的1.9倍
$27.1M
净利率更高
NMAX
高出115.1%
-120.8%
自由现金流更多
NMAX
多$33.5M
$-31.7M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $52.2M | $27.1M |
| 净利润 | $-3.0M | $-32.7M |
| 毛利率 | 36.7% | 5.5% |
| 营业利润率 | -9.0% | -131.1% |
| 净利率 | -5.7% | -120.8% |
| 营收同比 | — | -10.5% |
| 净利润同比 | — | 86.2% |
| 每股收益（稀释后） | $0.15 | $-0.13 |
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NMAXRUM
| Q4 25 | $52.2M | $27.1M | ||
| Q3 25 | $45.3M | $24.8M | ||
| Q2 25 | $46.4M | — | ||
| Q1 25 | $45.3M | $23.7M | ||
| Q4 24 | — | $30.2M | ||
| Q3 24 | — | $25.1M | ||
| Q2 24 | — | $22.5M | ||
| Q1 24 | — | $17.7M |
净利润NMAXRUM
| Q4 25 | $-3.0M | $-32.7M | ||
| Q3 25 | $-4.1M | $-16.3M | ||
| Q2 25 | $-75.2M | — | ||
| Q1 25 | $-17.2M | $-2.7M | ||
| Q4 24 | — | $-236.8M | ||
| Q3 24 | — | $-31.5M | ||
| Q2 24 | — | $-26.8M | ||
| Q1 24 | — | $-43.3M |
毛利率NMAXRUM
| Q4 25 | 36.7% | 5.5% | ||
| Q3 25 | 35.3% | -1.8% | ||
| Q2 25 | 38.0% | — | ||
| Q1 25 | 47.8% | -26.7% | ||
| Q4 24 | — | -14.2% | ||
| Q3 24 | — | -45.4% | ||
| Q2 24 | — | -58.8% | ||
| Q1 24 | — | -79.5% |
营业利润率NMAXRUM
| Q4 25 | -9.0% | -131.1% | ||
| Q3 25 | -15.9% | -113.6% | ||
| Q2 25 | -164.5% | — | ||
| Q1 25 | -25.5% | -153.5% | ||
| Q4 24 | — | -80.1% | ||
| Q3 24 | — | -131.0% | ||
| Q2 24 | — | -172.7% | ||
| Q1 24 | — | -197.4% |
净利率NMAXRUM
| Q4 25 | -5.7% | -120.8% | ||
| Q3 25 | -9.1% | -65.7% | ||
| Q2 25 | -161.9% | — | ||
| Q1 25 | -38.0% | -11.2% | ||
| Q4 24 | — | -783.2% | ||
| Q3 24 | — | -125.9% | ||
| Q2 24 | — | -119.2% | ||
| Q1 24 | — | -244.1% |
每股收益（稀释后）NMAXRUM
| Q4 25 | $0.15 | $-0.13 | ||
| Q3 25 | $-0.03 | $-0.06 | ||
| Q2 25 | $-0.59 | — | ||
| Q1 25 | $-0.49 | $-0.01 | ||
| Q4 24 | — | $-1.17 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | — | $-0.13 | ||
| Q1 24 | — | $-0.21 |
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 | $237.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $106.0M | $274.8M |
| 总资产 | $239.8M | $336.8M |
| 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NMAXRUM
| Q4 25 | $20.4M | $237.9M | ||
| Q3 25 | $14.2M | $269.8M | ||
| Q2 25 | $33.8M | — | ||
| Q1 25 | $126.7M | $301.3M | ||
| Q4 24 | — | $114.0M | ||
| Q3 24 | — | $132.0M | ||
| Q2 24 | — | $154.2M | ||
| Q1 24 | — | $183.8M |
股东权益NMAXRUM
| Q4 25 | $106.0M | $274.8M | ||
| Q3 25 | $106.0M | $302.2M | ||
| Q2 25 | $106.9M | — | ||
| Q1 25 | $177.4M | $339.6M | ||
| Q4 24 | — | $-63.1M | ||
| Q3 24 | — | $166.1M | ||
| Q2 24 | — | $192.7M | ||
| Q1 24 | — | $210.7M |
总资产NMAXRUM
| Q4 25 | $239.8M | $336.8M | ||
| Q3 25 | $233.3M | $367.2M | ||
| Q2 25 | $259.8M | — | ||
| Q1 25 | $278.2M | $391.1M | ||
| Q4 24 | — | $195.3M | ||
| Q3 24 | — | $217.2M | ||
| Q2 24 | — | $243.2M | ||
| Q1 24 | — | $263.0M |
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 | $-29.4M |
| 自由现金流经营现金流 - 资本支出 | $1.8M | $-31.7M |
| 自由现金流率自由现金流/营收 | 3.4% | -117.2% |
| 资本支出强度资本支出/营收 | 1.7% | 8.5% |
| 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 | $-70.8M |
8季度趋势，按日历期对齐
经营现金流NMAXRUM
| Q4 25 | $2.6M | $-29.4M | ||
| Q3 25 | $-68.1M | $-10.6M | ||
| Q2 25 | $-23.2M | — | ||
| Q1 25 | $-15.7M | $-14.5M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-19.1M | ||
| Q2 24 | — | $-21.7M | ||
| Q1 24 | — | $-33.9M |
自由现金流NMAXRUM
| Q4 25 | $1.8M | $-31.7M | ||
| Q3 25 | $-69.2M | $-12.0M | ||
| Q2 25 | $-23.8M | — | ||
| Q1 25 | $-15.8M | $-14.6M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-19.9M | ||
| Q2 24 | — | $-23.1M | ||
| Q1 24 | — | $-34.3M |
自由现金流率NMAXRUM
| Q4 25 | 3.4% | -117.2% | ||
| Q3 25 | -152.9% | -48.6% | ||
| Q2 25 | -51.3% | — | ||
| Q1 25 | -34.9% | -61.7% | ||
| Q4 24 | — | -40.9% | ||
| Q3 24 | — | -79.5% | ||
| Q2 24 | — | -102.8% | ||
| Q1 24 | — | -193.3% |
资本支出强度NMAXRUM
| Q4 25 | 1.7% | 8.5% | ||
| Q3 25 | 2.4% | 5.7% | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 0.2% | 0.6% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 2.4% |
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% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
