vs
新闻集团（NWSA）与TKO Group Holdings（TKO）财务数据对比。点击上方公司名可切换其他公司
新闻集团的季度营收约是TKO Group Holdings的2.3倍（$2.4B vs $1.0B），新闻集团净利率更高（8.2% vs -0.2%，领先8.4%），TKO Group Holdings同比增速更快（61.6% vs 5.5%），过去两年TKO Group Holdings的营收复合增速更高（28.4% 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。
TKO Group Holdings是美国体育及体育娱乐上市企业，成立于2023年9月12日，由奋进集团（Endeavor）子公司、终极格斗冠军赛（UFC）母公司Zuffa与职业摔跤品牌世界摔角娱乐（WWE）合并组建，主营综合格斗、职业摔跤赛事运营及相关娱乐内容业务。
NWSA vs TKO — 直观对比
营收规模更大
NWSA
是对方的2.3倍
$1.0B
营收增速更快
TKO
高出56.1%
5.5%
净利率更高
NWSA
高出8.4%
-0.2%
两年增速更快
TKO
近两年复合增速
-1.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.0B |
| 净利润 | $193.0M | $-2.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 5.5% |
| 净利率 | 8.2% | -0.2% |
| 营收同比 | 5.5% | 61.6% |
| 净利润同比 | -10.2% | -107.7% |
| 每股收益（稀释后） | $0.34 | $-0.07 |
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NWSATKO
| Q4 25 | $2.4B | $1.0B | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $1.6B | $1.3B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | $2.2B | $642.2M | ||
| Q3 24 | $2.6B | $681.3M | ||
| Q2 24 | $2.6B | $851.2M | ||
| Q1 24 | $2.4B | $629.7M |
净利润NWSATKO
| Q4 25 | $193.0M | $-2.4M | ||
| Q3 25 | $112.0M | $41.0M | ||
| Q2 25 | $743.0M | $98.4M | ||
| Q1 25 | $103.0M | $58.4M | ||
| Q4 24 | $215.0M | $31.0M | ||
| Q3 24 | $119.0M | $23.1M | ||
| Q2 24 | $50.0M | $59.1M | ||
| Q1 24 | $30.0M | $-103.8M |
营业利润率NWSATKO
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | 8.5% | 28.1% | ||
| Q1 25 | 7.5% | 18.7% | ||
| Q4 24 | 19.2% | 15.9% | ||
| Q3 24 | 7.9% | 20.0% | ||
| Q2 24 | 4.3% | 30.0% | ||
| Q1 24 | 2.6% | -33.4% |
净利率NWSATKO
| Q4 25 | 8.2% | -0.2% | ||
| Q3 25 | 5.2% | 3.7% | ||
| Q2 25 | 45.6% | 7.5% | ||
| Q1 25 | 5.1% | 4.6% | ||
| Q4 24 | 9.6% | 4.8% | ||
| Q3 24 | 4.6% | 3.4% | ||
| Q2 24 | 1.9% | 6.9% | ||
| Q1 24 | 1.2% | -16.5% |
每股收益（稀释后）NWSATKO
| Q4 25 | $0.34 | $-0.07 | ||
| Q3 25 | $0.20 | $0.47 | ||
| Q2 25 | $1.30 | $1.17 | ||
| Q1 25 | $0.18 | $0.69 | ||
| Q4 24 | $0.38 | $0.28 | ||
| Q3 24 | $0.21 | $0.28 | ||
| Q2 24 | $0.09 | $0.72 | ||
| Q1 24 | $0.05 | $-1.26 |
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 | $831.1M |
| 总债务越低越好 | $2.0B | $3.8B |
| 股东权益账面价值 | $8.8B | $3.7B |
| 总资产 | $15.5B | $15.5B |
| 负债/权益比越低杠杆越低 | 0.22× | 1.01× |
8季度趋势，按日历期对齐
现金及短期投资NWSATKO
| Q4 25 | $2.1B | $831.1M | ||
| Q3 25 | $2.2B | $861.4M | ||
| Q2 25 | $2.4B | $535.1M | ||
| Q1 25 | $2.1B | $470.9M | ||
| Q4 24 | $1.8B | $525.6M | ||
| Q3 24 | $1.8B | $457.4M | ||
| Q2 24 | $2.0B | $277.5M | ||
| Q1 24 | $1.9B | $245.8M |
总债务NWSATKO
| Q4 25 | $2.0B | $3.8B | ||
| Q3 25 | $2.0B | $3.7B | ||
| Q2 25 | $2.0B | $2.7B | ||
| Q1 25 | $2.0B | $2.8B | ||
| Q4 24 | $2.0B | $2.8B | ||
| Q3 24 | $2.9B | $2.7B | ||
| Q2 24 | $2.9B | $2.7B | ||
| Q1 24 | $2.9B | $2.7B |
股东权益NWSATKO
| Q4 25 | $8.8B | $3.7B | ||
| Q3 25 | $8.7B | $3.8B | ||
| Q2 25 | $8.8B | $4.3B | ||
| Q1 25 | $8.2B | $4.2B | ||
| Q4 24 | $8.1B | $4.1B | ||
| Q3 24 | $8.3B | $4.0B | ||
| Q2 24 | $8.1B | $4.0B | ||
| Q1 24 | $8.1B | $4.0B |
总资产NWSATKO
| Q4 25 | $15.5B | $15.5B | ||
| Q3 25 | $15.3B | $15.5B | ||
| Q2 25 | $15.5B | $15.3B | ||
| Q1 25 | $16.6B | $15.0B | ||
| Q4 24 | $16.2B | $12.7B | ||
| Q3 24 | $16.9B | $12.8B | ||
| Q2 24 | $16.7B | $12.7B | ||
| Q1 24 | $16.5B | $12.7B |
负债/权益比NWSATKO
| Q4 25 | 0.22× | 1.01× | ||
| Q3 25 | 0.22× | 0.98× | ||
| Q2 25 | 0.22× | 0.64× | ||
| Q1 25 | 0.24× | 0.66× | ||
| Q4 24 | 0.24× | 0.67× | ||
| Q3 24 | 0.35× | 0.67× | ||
| Q2 24 | 0.36× | 0.68× | ||
| Q1 24 | 0.36× | 0.68× |
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 | $309.9M |
| 自由现金流经营现金流 - 资本支出 | $132.0M | — |
| 自由现金流率自由现金流/营收 | 5.6% | — |
| 资本支出强度资本支出/营收 | 4.2% | — |
| 现金转化率经营现金流/净利润 | 1.20× | — |
| 过去12个月自由现金流最近4个季度 | $586.0M | — |
8季度趋势，按日历期对齐
经营现金流NWSATKO
| Q4 25 | $231.0M | $309.9M | ||
| Q3 25 | $85.0M | $416.8M | ||
| Q2 25 | $189.0M | $396.2M | ||
| Q1 25 | $511.0M | $162.8M | ||
| Q4 24 | $252.0M | $56.8M | ||
| Q3 24 | $64.0M | $236.5M | ||
| Q2 24 | $254.0M | $230.7M | ||
| Q1 24 | $539.0M | $59.3M |
自由现金流NWSATKO
| Q4 25 | $132.0M | — | ||
| Q3 25 | $4.0M | — | ||
| Q2 25 | $32.0M | — | ||
| Q1 25 | $418.0M | — | ||
| Q4 24 | $190.0M | — | ||
| Q3 24 | $-31.0M | — | ||
| Q2 24 | $111.0M | — | ||
| Q1 24 | $422.0M | — |
自由现金流率NWSATKO
| Q4 25 | 5.6% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 20.8% | — | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | -1.2% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 17.4% | — |
资本支出强度NWSATKO
| Q4 25 | 4.2% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 9.6% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | 4.8% | — |
现金转化率NWSATKO
| Q4 25 | 1.20× | — | ||
| Q3 25 | 0.76× | 10.16× | ||
| Q2 25 | 0.25× | 4.03× | ||
| Q1 25 | 4.96× | 2.79× | ||
| Q4 24 | 1.17× | 1.83× | ||
| Q3 24 | 0.54× | 10.22× | ||
| Q2 24 | 5.08× | 3.90× | ||
| Q1 24 | 17.97× | — |
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% |
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
