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Newsmax Inc.（NMAX）与E.W. SCRIPPS Co（SSP）财务数据对比。点击上方公司名可切换其他公司
E.W. SCRIPPS Co的季度营收约是Newsmax Inc.的10.7倍（$560.3M vs $52.2M）。E.W. SCRIPPS Co净利率更高（-5.1% vs -5.7%，领先0.6%）。E.W. SCRIPPS Co自由现金流更多（$31.2M 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。
E.W.斯克里普斯公司简称斯克里普斯，是美国的广播传媒企业，1878年由爱德华·威利斯·斯克里普斯与姐姐艾伦·勃朗宁·斯克里普斯创立，最初为日报连锁企业，前身是一家传媒集团，如今总部位于俄亥俄州辛辛那提市的斯克里普斯中心，企业格言为“给人光明，大众自寻前路”，品牌标识为沿用已久的灯塔。
NMAX vs SSP — 直观对比
营收规模更大
SSP
是对方的10.7倍
$52.2M
净利率更高
SSP
高出0.6%
-5.7%
自由现金流更多
SSP
多$29.5M
$1.8M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $52.2M | $560.3M |
| 净利润 | $-3.0M | $-28.5M |
| 毛利率 | 36.7% | — |
| 营业利润率 | -9.0% | 7.5% |
| 净利率 | -5.7% | -5.1% |
| 营收同比 | — | -23.1% |
| 净利润同比 | — | -129.9% |
| 每股收益（稀释后） | $0.15 | $-0.51 |
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NMAXSSP
| Q4 25 | $52.2M | $560.3M | ||
| Q3 25 | $45.3M | $525.9M | ||
| Q2 25 | $46.4M | $540.1M | ||
| Q1 25 | $45.3M | $524.4M | ||
| Q4 24 | — | $728.4M | ||
| Q3 24 | — | $646.3M | ||
| Q2 24 | — | $573.6M | ||
| Q1 24 | — | $561.5M |
净利润NMAXSSP
| Q4 25 | $-3.0M | $-28.5M | ||
| Q3 25 | $-4.1M | $-33.0M | ||
| Q2 25 | $-75.2M | $-36.0M | ||
| Q1 25 | $-17.2M | $-3.5M | ||
| Q4 24 | — | $95.4M | ||
| Q3 24 | — | $47.8M | ||
| Q2 24 | — | $1.4M | ||
| Q1 24 | — | $1.6M |
毛利率NMAXSSP
| 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NMAXSSP
| Q4 25 | -9.0% | 7.5% | ||
| Q3 25 | -15.9% | 7.2% | ||
| Q2 25 | -164.5% | 14.2% | ||
| Q1 25 | -25.5% | 5.2% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | — | 18.8% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 7.7% |
净利率NMAXSSP
| Q4 25 | -5.7% | -5.1% | ||
| Q3 25 | -9.1% | -6.3% | ||
| Q2 25 | -161.9% | -6.7% | ||
| Q1 25 | -38.0% | -0.7% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
每股收益（稀释后）NMAXSSP
| Q4 25 | $0.15 | $-0.51 | ||
| Q3 25 | $-0.03 | $-0.55 | ||
| Q2 25 | $-0.59 | $-0.59 | ||
| Q1 25 | $-0.49 | $-0.22 | ||
| Q4 24 | — | $0.94 | ||
| Q3 24 | — | $0.37 | ||
| Q2 24 | — | $-0.15 | ||
| Q1 24 | — | $-0.15 |
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 | $27.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $106.0M | $1.2B |
| 总资产 | $239.8M | $5.0B |
| 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NMAXSSP
| Q4 25 | $20.4M | $27.9M | ||
| Q3 25 | $14.2M | $54.7M | ||
| Q2 25 | $33.8M | $31.7M | ||
| Q1 25 | $126.7M | $24.0M | ||
| Q4 24 | — | $23.9M | ||
| Q3 24 | — | $34.6M | ||
| Q2 24 | — | $26.7M | ||
| Q1 24 | — | $30.2M |
总债务NMAXSSP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NMAXSSP
| Q4 25 | $106.0M | $1.2B | ||
| Q3 25 | $106.0M | $1.3B | ||
| Q2 25 | $106.9M | $1.3B | ||
| Q1 25 | $177.4M | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
总资产NMAXSSP
| Q4 25 | $239.8M | $5.0B | ||
| Q3 25 | $233.3M | $5.1B | ||
| Q2 25 | $259.8M | $5.1B | ||
| Q1 25 | $278.2M | $5.1B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | — | $5.3B | ||
| Q1 24 | — | $5.3B |
负债/权益比NMAXSSP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.98× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $2.6M | $45.1M |
| 自由现金流经营现金流 - 资本支出 | $1.8M | $31.2M |
| 自由现金流率自由现金流/营收 | 3.4% | 5.6% |
| 资本支出强度资本支出/营收 | 1.7% | 2.5% |
| 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 | $6.5M |
8季度趋势，按日历期对齐
经营现金流NMAXSSP
| Q4 25 | $2.6M | $45.1M | ||
| Q3 25 | $-68.1M | $21.8M | ||
| Q2 25 | $-23.2M | $-10.5M | ||
| Q1 25 | $-15.7M | $-3.3M | ||
| Q4 24 | — | $153.3M | ||
| Q3 24 | — | $140.6M | ||
| Q2 24 | — | $26.4M | ||
| Q1 24 | — | $45.4M |
自由现金流NMAXSSP
| Q4 25 | $1.8M | $31.2M | ||
| Q3 25 | $-69.2M | $6.4M | ||
| Q2 25 | $-23.8M | $-22.7M | ||
| Q1 25 | $-15.8M | $-8.4M | ||
| Q4 24 | — | $146.9M | ||
| Q3 24 | — | $127.4M | ||
| Q2 24 | — | $2.8M | ||
| Q1 24 | — | $23.3M |
自由现金流率NMAXSSP
| Q4 25 | 3.4% | 5.6% | ||
| Q3 25 | -152.9% | 1.2% | ||
| Q2 25 | -51.3% | -4.2% | ||
| Q1 25 | -34.9% | -1.6% | ||
| Q4 24 | — | 20.2% | ||
| Q3 24 | — | 19.7% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 4.1% |
资本支出强度NMAXSSP
| Q4 25 | 1.7% | 2.5% | ||
| Q3 25 | 2.4% | 2.9% | ||
| Q2 25 | 1.3% | 2.3% | ||
| Q1 25 | 0.2% | 1.0% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 3.9% |
现金转化率NMAXSSP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 18.45× | ||
| Q1 24 | — | 27.94× |
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% |
SSP
| Local Media Segment | $355.1M | 63% |
| Scripps Networks | $199.5M | 36% |
| Political Advertising Revenue | $10.0M | 2% |
