vs
新闻集团（NWSA）与新美亚（SANM）财务数据对比。点击上方公司名可切换其他公司
新美亚的季度营收约是新闻集团的1.4倍（$3.2B vs $2.4B），新闻集团净利率更高（8.2% vs 1.5%，领先6.6%），新美亚同比增速更快（59.0% vs 5.5%），新闻集团自由现金流更多（$132.0M vs $91.9M），过去两年新美亚的营收复合增速更高（31.9% vs -1.3%）
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
新美亚公司是总部位于美国加利福尼亚州圣何塞的电子制造服务（EMS）提供商，服务通信、计算机硬件领域的原始设备制造商（OEM）。集团拥有近80个生产基地，是全球规模最大的印刷电路板和背板独立制造商之一，2022年位列《财富》世界500强第482位。
NWSA vs SANM — 直观对比
营收规模更大
SANM
是对方的1.4倍
$2.4B
营收增速更快
SANM
高出53.4%
5.5%
净利率更高
NWSA
高出6.6%
1.5%
自由现金流更多
NWSA
多$40.1M
$91.9M
两年增速更快
SANM
近两年复合增速
-1.3%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $3.2B |
| 净利润 | $193.0M | $49.3M |
| 毛利率 | — | 7.6% |
| 营业利润率 | — | 2.3% |
| 净利率 | 8.2% | 1.5% |
| 营收同比 | 5.5% | 59.0% |
| 净利润同比 | -10.2% | -24.2% |
| 每股收益（稀释后） | $0.34 | $0.89 |
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NWSASANM
| Q4 25 | $2.4B | $3.2B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $1.6B | $2.0B | ||
| Q1 25 | $2.0B | $2.0B | ||
| Q4 24 | $2.2B | $2.0B | ||
| Q3 24 | $2.6B | $2.0B | ||
| Q2 24 | $2.6B | $1.8B | ||
| Q1 24 | $2.4B | $1.8B |
净利润NWSASANM
| Q4 25 | $193.0M | $49.3M | ||
| Q3 25 | $112.0M | $48.1M | ||
| Q2 25 | $743.0M | $68.6M | ||
| Q1 25 | $103.0M | $64.2M | ||
| Q4 24 | $215.0M | $65.0M | ||
| Q3 24 | $119.0M | $61.4M | ||
| Q2 24 | $50.0M | $51.6M | ||
| Q1 24 | $30.0M | $52.5M |
毛利率NWSASANM
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 9.1% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | — | 8.3% | ||
| Q1 24 | — | 8.4% |
营业利润率NWSASANM
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | 8.5% | 4.7% | ||
| Q1 25 | 7.5% | 4.6% | ||
| Q4 24 | 19.2% | 4.4% | ||
| Q3 24 | 7.9% | 4.4% | ||
| Q2 24 | 4.3% | 4.5% | ||
| Q1 24 | 2.6% | 4.1% |
净利率NWSASANM
| Q4 25 | 8.2% | 1.5% | ||
| Q3 25 | 5.2% | 2.3% | ||
| Q2 25 | 45.6% | 3.4% | ||
| Q1 25 | 5.1% | 3.2% | ||
| Q4 24 | 9.6% | 3.2% | ||
| Q3 24 | 4.6% | 3.0% | ||
| Q2 24 | 1.9% | 2.8% | ||
| Q1 24 | 1.2% | 2.9% |
每股收益（稀释后）NWSASANM
| Q4 25 | $0.34 | $0.89 | ||
| Q3 25 | $0.20 | $0.88 | ||
| Q2 25 | $1.30 | $1.26 | ||
| Q1 25 | $0.18 | $1.16 | ||
| Q4 24 | $0.38 | $1.16 | ||
| Q3 24 | $0.21 | $1.09 | ||
| Q2 24 | $0.09 | $0.91 | ||
| Q1 24 | $0.05 | $0.93 |
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 | $2.1B | $1.4B |
| 总债务越低越好 | $2.0B | $2.2B |
| 股东权益账面价值 | $8.8B | $2.7B |
| 总资产 | $15.5B | $9.8B |
| 负债/权益比越低杠杆越低 | 0.22× | 0.82× |
8季度趋势，按日历期对齐
现金及短期投资NWSASANM
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.2B | $926.3M | ||
| Q2 25 | $2.4B | $797.9M | ||
| Q1 25 | $2.1B | $647.1M | ||
| Q4 24 | $1.8B | $642.4M | ||
| Q3 24 | $1.8B | $625.9M | ||
| Q2 24 | $2.0B | $657.7M | ||
| Q1 24 | $1.9B | $650.9M |
总债务NWSASANM
| Q4 25 | $2.0B | $2.2B | ||
| Q3 25 | $2.0B | $300.5M | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.9B | — |
股东权益NWSASANM
| Q4 25 | $8.8B | $2.7B | ||
| Q3 25 | $8.7B | $2.5B | ||
| Q2 25 | $8.8B | $2.5B | ||
| Q1 25 | $8.2B | $2.4B | ||
| Q4 24 | $8.1B | $2.4B | ||
| Q3 24 | $8.3B | $2.4B | ||
| Q2 24 | $8.1B | $2.3B | ||
| Q1 24 | $8.1B | $2.3B |
总资产NWSASANM
| Q4 25 | $15.5B | $9.8B | ||
| Q3 25 | $15.3B | $5.9B | ||
| Q2 25 | $15.5B | $5.2B | ||
| Q1 25 | $16.6B | $5.0B | ||
| Q4 24 | $16.2B | $4.8B | ||
| Q3 24 | $16.9B | $4.8B | ||
| Q2 24 | $16.7B | $4.7B | ||
| Q1 24 | $16.5B | $4.7B |
负债/权益比NWSASANM
| Q4 25 | 0.22× | 0.82× | ||
| Q3 25 | 0.22× | 0.12× | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.24× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.36× | — |
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 | $231.0M | $178.7M |
| 自由现金流经营现金流 - 资本支出 | $132.0M | $91.9M |
| 自由现金流率自由现金流/营收 | 5.6% | 2.9% |
| 资本支出强度资本支出/营收 | 4.2% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.20× | 3.63× |
| 过去12个月自由现金流最近4个季度 | $586.0M | $518.3M |
8季度趋势，按日历期对齐
经营现金流NWSASANM
| Q4 25 | $231.0M | $178.7M | ||
| Q3 25 | $85.0M | $199.1M | ||
| Q2 25 | $189.0M | $200.8M | ||
| Q1 25 | $511.0M | $156.9M | ||
| Q4 24 | $252.0M | $63.9M | ||
| Q3 24 | $64.0M | $51.9M | ||
| Q2 24 | $254.0M | $90.0M | ||
| Q1 24 | $539.0M | $72.3M |
自由现金流NWSASANM
| Q4 25 | $132.0M | $91.9M | ||
| Q3 25 | $4.0M | $136.6M | ||
| Q2 25 | $32.0M | $163.7M | ||
| Q1 25 | $418.0M | $126.1M | ||
| Q4 24 | $190.0M | $46.9M | ||
| Q3 24 | $-31.0M | $27.2M | ||
| Q2 24 | $111.0M | $67.2M | ||
| Q1 24 | $422.0M | $42.7M |
自由现金流率NWSASANM
| Q4 25 | 5.6% | 2.9% | ||
| Q3 25 | 0.2% | 6.5% | ||
| Q2 25 | 2.0% | 8.0% | ||
| Q1 25 | 20.8% | 6.4% | ||
| Q4 24 | 8.5% | 2.3% | ||
| Q3 24 | -1.2% | 1.4% | ||
| Q2 24 | 4.3% | 3.7% | ||
| Q1 24 | 17.4% | 2.3% |
资本支出强度NWSASANM
| Q4 25 | 4.2% | 2.7% | ||
| Q3 25 | 3.8% | 3.0% | ||
| Q2 25 | 9.6% | 1.8% | ||
| Q1 25 | 4.6% | 1.5% | ||
| Q4 24 | 2.8% | 0.9% | ||
| Q3 24 | 3.7% | 1.2% | ||
| Q2 24 | 5.5% | 1.2% | ||
| Q1 24 | 4.8% | 1.6% |
现金转化率NWSASANM
| Q4 25 | 1.20× | 3.63× | ||
| Q3 25 | 0.76× | 4.14× | ||
| Q2 25 | 0.25× | 2.93× | ||
| Q1 25 | 4.96× | 2.44× | ||
| Q4 24 | 1.17× | 0.98× | ||
| Q3 24 | 0.54× | 0.85× | ||
| Q2 24 | 5.08× | 1.74× | ||
| Q1 24 | 17.97× | 1.38× |
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
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
SANM
| Industrial And Energy Medical Defense And Aerospace And Automotive And Transportation | $1.2B | 38% |
| ZT Systems | $1.1B | 34% |
| Other Segments CPS | $434.3M | 14% |
| CPS Third Party Revenue | $412.7M | 13% |
| Change In Accounting Method Accounted For As Change In Estimate | $2.7M | 0% |
