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Natera, Inc.（NTRA）与Sphere Entertainment Co.（SPHR）财务数据对比。点击上方公司名可切换其他公司
Natera, Inc.的季度营收约是Sphere Entertainment Co.的1.7倍（$665.5M vs $393.8M），Sphere Entertainment Co.净利率更高（16.4% vs 7.1%，领先9.3%），过去两年Natera, Inc.的营收复合增速更高（34.5% vs 12.1%）
Natera是总部位于美国得克萨斯州奥斯汀的临床基因检测企业，主打无创游离DNA（cfDNA）检测技术，业务覆盖女性健康、肿瘤及器官健康三大核心赛道。其自研专利技术结合前沿分子生物学手段与生物信息学工具矩阵，可实现单管血液样本中低至单个分子级别的高灵敏度检测。
Sphere Entertainment Co.是总部位于纽约的美国娱乐控股企业，由查尔斯·多兰家族掌控，旗下拥有位于内华达州拉斯维加斯谷帕拉代斯的Sphere演艺场馆，以及总部位于纽约的区域体育网络连锁品牌MSG Networks。
NTRA vs SPHR — 直观对比
营收规模更大
NTRA
是对方的1.7倍
$393.8M
净利率更高
SPHR
高出9.3%
7.1%
两年增速更快
NTRA
近两年复合增速
12.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $393.8M |
| 净利润 | $47.3M | $64.7M |
| 毛利率 | — | — |
| 营业利润率 | -3.4% | 7.3% |
| 净利率 | 7.1% | 16.4% |
| 营收同比 | 39.8% | — |
| 净利润同比 | 187.9% | — |
| 每股收益（稀释后） | $0.36 | $2.42 |
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NTRASPHR
| Q4 25 | $665.5M | $393.8M | ||
| Q3 25 | $592.2M | $262.1M | ||
| Q2 25 | $546.6M | $282.2M | ||
| Q1 25 | $501.8M | $280.1M | ||
| Q4 24 | $476.1M | — | ||
| Q3 24 | $439.8M | $227.1M | ||
| Q2 24 | $413.4M | $272.6M | ||
| Q1 24 | $367.7M | $320.6M |
净利润NTRASPHR
| Q4 25 | $47.3M | $64.7M | ||
| Q3 25 | $-87.5M | $-101.2M | ||
| Q2 25 | $-100.9M | $151.8M | ||
| Q1 25 | $-66.9M | $-82.0M | ||
| Q4 24 | $-53.8M | — | ||
| Q3 24 | $-31.6M | $-105.3M | ||
| Q2 24 | $-37.5M | $-46.6M | ||
| Q1 24 | $-67.6M | $-47.2M |
营业利润率NTRASPHR
| Q4 25 | -3.4% | 7.3% | ||
| Q3 25 | -16.5% | -49.5% | ||
| Q2 25 | -20.2% | -17.8% | ||
| Q1 25 | -15.8% | -28.1% | ||
| Q4 24 | -13.6% | — | ||
| Q3 24 | -8.9% | -51.8% | ||
| Q2 24 | -10.6% | -66.3% | ||
| Q1 24 | -20.2% | -12.6% |
净利率NTRASPHR
| Q4 25 | 7.1% | 16.4% | ||
| Q3 25 | -14.8% | -38.6% | ||
| Q2 25 | -18.5% | 53.8% | ||
| Q1 25 | -13.3% | -29.3% | ||
| Q4 24 | -11.3% | — | ||
| Q3 24 | -7.2% | -46.4% | ||
| Q2 24 | -9.1% | -17.1% | ||
| Q1 24 | -18.4% | -14.7% |
每股收益（稀释后）NTRASPHR
| Q4 25 | $0.36 | $2.42 | ||
| Q3 25 | $-0.64 | $-2.80 | ||
| Q2 25 | $-0.74 | $3.39 | ||
| Q1 25 | $-0.50 | $-2.27 | ||
| Q4 24 | $-0.41 | — | ||
| Q3 24 | $-0.26 | $-2.95 | ||
| Q2 24 | $-0.30 | $-1.33 | ||
| Q1 24 | $-0.56 | $-1.33 |
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 | — | — |
| 总债务越低越好 | — | $692.7M |
| 股东权益账面价值 | $1.7B | $2.2B |
| 总资产 | $2.4B | $4.2B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资NTRASPHR
| Q4 25 | — | — | ||
| Q3 25 | $1.0M | $384.8M | ||
| Q2 25 | $16.0M | $355.7M | ||
| Q1 25 | $17.8M | $465.0M | ||
| Q4 24 | $22.7M | — | ||
| Q3 24 | $29.5M | — | ||
| Q2 24 | $90.3M | $559.8M | ||
| Q1 24 | $69.1M | — |
总债务NTRASPHR
| Q4 25 | — | $692.7M | ||
| Q3 25 | — | $733.8M | ||
| Q2 25 | — | $743.8M | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
股东权益NTRASPHR
| Q4 25 | $1.7B | $2.2B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $878.5M | $2.3B | ||
| Q2 24 | $836.5M | $2.4B | ||
| Q1 24 | $794.1M | $2.4B |
总资产NTRASPHR
| Q4 25 | $2.4B | $4.2B | ||
| Q3 25 | $1.8B | $4.1B | ||
| Q2 25 | $1.8B | $4.2B | ||
| Q1 25 | $1.7B | $4.4B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.6B | $4.6B | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | $4.9B |
负债/权益比NTRASPHR
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.57× |
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 | $73.9M | $180.2M |
| 自由现金流经营现金流 - 资本支出 | $37.8M | — |
| 自由现金流率自由现金流/营收 | 5.7% | — |
| 资本支出强度资本支出/营收 | 5.4% | — |
| 现金转化率经营现金流/净利润 | 1.56× | 2.78× |
| 过去12个月自由现金流最近4个季度 | $109.1M | — |
8季度趋势，按日历期对齐
经营现金流NTRASPHR
| Q4 25 | $73.9M | $180.2M | ||
| Q3 25 | $59.4M | $115.8M | ||
| Q2 25 | $37.6M | $-59.1M | ||
| Q1 25 | $44.5M | $6.3M | ||
| Q4 24 | $52.9M | — | ||
| Q3 24 | $51.8M | $34.1M | ||
| Q2 24 | $4.0M | $-72.4M | ||
| Q1 24 | $27.0M | $101.0M |
自由现金流NTRASPHR
| Q4 25 | $37.8M | — | ||
| Q3 25 | $37.0M | — | ||
| Q2 25 | $11.7M | — | ||
| Q1 25 | $22.6M | — | ||
| Q4 24 | $34.8M | — | ||
| Q3 24 | $35.5M | — | ||
| Q2 24 | $-7.7M | — | ||
| Q1 24 | $6.7M | — |
自由现金流率NTRASPHR
| Q4 25 | 5.7% | — | ||
| Q3 25 | 6.2% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | -1.9% | — | ||
| Q1 24 | 1.8% | — |
资本支出强度NTRASPHR
| Q4 25 | 5.4% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 5.5% | — |
现金转化率NTRASPHR
| Q4 25 | 1.56× | 2.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.39× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
NTRA
暂无分部数据
SPHR
| Ticketing And Venue License Fee Revenues | $198.5M | 50% |
| Media Networks Revenue | $120.1M | 30% |
| Sponsorship Signage Exosphere Advertising And Suite Licenses | $32.2M | 8% |
| Food Beverage And Merchandise Revenues | $27.6M | 7% |
| Other | $13.2M | 3% |
| Related Party | $2.3M | 1% |
