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新闻集团（NWSA）与Trade Desk (The)（TTD）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Trade Desk (The)的2.8倍（$2.4B vs $846.8M），Trade Desk (The)净利率更高（22.1% vs 8.2%，领先13.9%），Trade Desk (The)同比增速更快（14.3% vs 5.5%），Trade Desk (The)自由现金流更多（$285.3M vs $132.0M），过去两年Trade Desk (The)的营收复合增速更高（31.3% 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。
The Trade Desk是来自美国的跨国科技企业，专注于实时程序化营销自动化领域的技术、产品与服务研发，可实现面向用户的个性化数字内容分发，为全球广告营销行业客户提供专业解决方案。
NWSA vs TTD — 直观对比
营收规模更大
NWSA
是对方的2.8倍
$846.8M
营收增速更快
TTD
高出8.7%
5.5%
净利率更高
TTD
高出13.9%
8.2%
自由现金流更多
TTD
多$153.3M
$132.0M
两年增速更快
TTD
近两年复合增速
-1.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $846.8M |
| 净利润 | $193.0M | $186.9M |
| 毛利率 | — | 80.7% |
| 营业利润率 | — | 30.3% |
| 净利率 | 8.2% | 22.1% |
| 营收同比 | 5.5% | 14.3% |
| 净利润同比 | -10.2% | 2.6% |
| 每股收益（稀释后） | $0.34 | $0.39 |
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NWSATTD
| Q4 25 | $2.4B | $846.8M | ||
| Q3 25 | $2.1B | $739.4M | ||
| Q2 25 | $1.6B | $694.0M | ||
| Q1 25 | $2.0B | $616.0M | ||
| Q4 24 | $2.2B | $741.0M | ||
| Q3 24 | $2.6B | $628.0M | ||
| Q2 24 | $2.6B | $584.5M | ||
| Q1 24 | $2.4B | $491.3M |
净利润NWSATTD
| Q4 25 | $193.0M | $186.9M | ||
| Q3 25 | $112.0M | $115.5M | ||
| Q2 25 | $743.0M | $90.1M | ||
| Q1 25 | $103.0M | $50.7M | ||
| Q4 24 | $215.0M | $182.2M | ||
| Q3 24 | $119.0M | $94.2M | ||
| Q2 24 | $50.0M | $85.0M | ||
| Q1 24 | $30.0M | $31.7M |
毛利率NWSATTD
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 78.1% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.5% | ||
| Q2 24 | — | 81.1% | ||
| Q1 24 | — | 78.9% |
营业利润率NWSATTD
| Q4 25 | — | 30.3% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | 8.5% | 16.8% | ||
| Q1 25 | 7.5% | 8.8% | ||
| Q4 24 | 19.2% | 26.4% | ||
| Q3 24 | 7.9% | 17.3% | ||
| Q2 24 | 4.3% | 16.2% | ||
| Q1 24 | 2.6% | 5.8% |
净利率NWSATTD
| Q4 25 | 8.2% | 22.1% | ||
| Q3 25 | 5.2% | 15.6% | ||
| Q2 25 | 45.6% | 13.0% | ||
| Q1 25 | 5.1% | 8.2% | ||
| Q4 24 | 9.6% | 24.6% | ||
| Q3 24 | 4.6% | 15.0% | ||
| Q2 24 | 1.9% | 14.5% | ||
| Q1 24 | 1.2% | 6.4% |
每股收益（稀释后）NWSATTD
| Q4 25 | $0.34 | $0.39 | ||
| Q3 25 | $0.20 | $0.23 | ||
| Q2 25 | $1.30 | $0.18 | ||
| Q1 25 | $0.18 | $0.10 | ||
| Q4 24 | $0.38 | $0.36 | ||
| Q3 24 | $0.21 | $0.19 | ||
| Q2 24 | $0.09 | $0.17 | ||
| Q1 24 | $0.05 | $0.06 |
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 | $1.3B |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $8.8B | $2.5B |
| 总资产 | $15.5B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.22× | — |
8季度趋势，按日历期对齐
现金及短期投资NWSATTD
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.4B | $1.7B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | $1.8B | $1.7B | ||
| Q2 24 | $2.0B | $1.5B | ||
| Q1 24 | $1.9B | $1.4B |
总债务NWSATTD
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| 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NWSATTD
| Q4 25 | $8.8B | $2.5B | ||
| Q3 25 | $8.7B | $2.6B | ||
| Q2 25 | $8.8B | $2.7B | ||
| Q1 25 | $8.2B | $2.7B | ||
| Q4 24 | $8.1B | $2.9B | ||
| Q3 24 | $8.3B | $2.6B | ||
| Q2 24 | $8.1B | $2.4B | ||
| Q1 24 | $8.1B | $2.2B |
总资产NWSATTD
| Q4 25 | $15.5B | $6.2B | ||
| Q3 25 | $15.3B | $5.9B | ||
| Q2 25 | $15.5B | $6.0B | ||
| Q1 25 | $16.6B | $5.7B | ||
| Q4 24 | $16.2B | $6.1B | ||
| Q3 24 | $16.9B | $5.5B | ||
| Q2 24 | $16.7B | $5.2B | ||
| Q1 24 | $16.5B | $4.7B |
负债/权益比NWSATTD
| Q4 25 | 0.22× | — | ||
| Q3 25 | 0.22× | — | ||
| 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 | $311.6M |
| 自由现金流经营现金流 - 资本支出 | $132.0M | $285.3M |
| 自由现金流率自由现金流/营收 | 5.6% | 33.7% |
| 资本支出强度资本支出/营收 | 4.2% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.20× | 1.67× |
| 过去12个月自由现金流最近4个季度 | $586.0M | $795.7M |
8季度趋势，按日历期对齐
经营现金流NWSATTD
| Q4 25 | $231.0M | $311.6M | ||
| Q3 25 | $85.0M | $224.7M | ||
| Q2 25 | $189.0M | $165.0M | ||
| Q1 25 | $511.0M | $291.4M | ||
| Q4 24 | $252.0M | $199.4M | ||
| Q3 24 | $64.0M | $273.3M | ||
| Q2 24 | $254.0M | $81.3M | ||
| Q1 24 | $539.0M | $185.5M |
自由现金流NWSATTD
| Q4 25 | $132.0M | $285.3M | ||
| Q3 25 | $4.0M | $158.3M | ||
| Q2 25 | $32.0M | $119.8M | ||
| Q1 25 | $418.0M | $232.3M | ||
| Q4 24 | $190.0M | $179.2M | ||
| Q3 24 | $-31.0M | $224.6M | ||
| Q2 24 | $111.0M | $59.1M | ||
| Q1 24 | $422.0M | $178.2M |
自由现金流率NWSATTD
| Q4 25 | 5.6% | 33.7% | ||
| Q3 25 | 0.2% | 21.4% | ||
| Q2 25 | 2.0% | 17.3% | ||
| Q1 25 | 20.8% | 37.7% | ||
| Q4 24 | 8.5% | 24.2% | ||
| Q3 24 | -1.2% | 35.8% | ||
| Q2 24 | 4.3% | 10.1% | ||
| Q1 24 | 17.4% | 36.3% |
资本支出强度NWSATTD
| Q4 25 | 4.2% | 3.1% | ||
| Q3 25 | 3.8% | 9.0% | ||
| Q2 25 | 9.6% | 6.5% | ||
| Q1 25 | 4.6% | 9.6% | ||
| Q4 24 | 2.8% | 2.7% | ||
| Q3 24 | 3.7% | 7.8% | ||
| Q2 24 | 5.5% | 3.8% | ||
| Q1 24 | 4.8% | 1.5% |
现金转化率NWSATTD
| Q4 25 | 1.20× | 1.67× | ||
| Q3 25 | 0.76× | 1.94× | ||
| Q2 25 | 0.25× | 1.83× | ||
| Q1 25 | 4.96× | 5.75× | ||
| Q4 24 | 1.17× | 1.09× | ||
| Q3 24 | 0.54× | 2.90× | ||
| Q2 24 | 5.08× | 0.96× | ||
| Q1 24 | 17.97× | 5.86× |
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% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
