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纽约时报公司（NYT）与特诺控股（TROX）财务数据对比。点击上方公司名可切换其他公司
纽约时报公司的季度营收约是特诺控股的1.1倍（$802.3M vs $730.0M），纽约时报公司净利率更高（16.2% vs -24.1%，领先40.3%），纽约时报公司同比增速更快（10.4% vs 8.0%），纽约时报公司自由现金流更多（$157.6M vs $53.0M），过去两年纽约时报公司的营收复合增速更高（16.2% vs -2.9%）
纽约时报公司是美国知名大众传媒企业，总部位于纽约市曼哈顿的纽约时报大厦，旗下核心出版产品包括《纽约时报》及其国际版等系列刊物，同时运营多元媒体资产，在全球新闻传媒领域拥有较高知名度。
特诺控股是一家业务遍及全球的美国化工企业，专注于钛制品领域，现有员工约6500名。在收购南非埃萨罗资源原有的矿砂业务后，特诺已成为全球规模最大的全产业链二氧化钛颜料供应商。二氧化钛颜料主要为涂料、塑料、纸张等产品增白增亮，特诺还拥有钛矿砂开采及加工业务。
NYT vs TROX — 直观对比
营收规模更大
NYT
是对方的1.1倍
$730.0M
营收增速更快
NYT
高出2.4%
8.0%
净利率更高
NYT
高出40.3%
-24.1%
自由现金流更多
NYT
多$104.6M
$53.0M
两年增速更快
NYT
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $802.3M | $730.0M |
| 净利润 | $129.8M | $-176.0M |
| 毛利率 | — | 5.3% |
| 营业利润率 | 20.1% | -15.6% |
| 净利率 | 16.2% | -24.1% |
| 营收同比 | 10.4% | 8.0% |
| 净利润同比 | 4.9% | -486.7% |
| 每股收益（稀释后） | $0.79 | $-1.11 |
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NYTTROX
| Q4 25 | $802.3M | $730.0M | ||
| Q3 25 | $700.8M | $699.0M | ||
| Q2 25 | $685.9M | $731.0M | ||
| Q1 25 | $635.9M | $738.0M | ||
| Q4 24 | $726.6M | $676.0M | ||
| Q3 24 | $640.2M | $804.0M | ||
| Q2 24 | $625.1M | $820.0M | ||
| Q1 24 | $594.0M | $774.0M |
净利润NYTTROX
| Q4 25 | $129.8M | $-176.0M | ||
| Q3 25 | $81.6M | $-99.0M | ||
| Q2 25 | $82.9M | $-84.0M | ||
| Q1 25 | $49.6M | $-111.0M | ||
| Q4 24 | $123.7M | $-30.0M | ||
| Q3 24 | $64.1M | $-25.0M | ||
| Q2 24 | $65.5M | $16.0M | ||
| Q1 24 | $40.4M | $-9.0M |
毛利率NYTTROX
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 7.4% | ||
| Q2 25 | — | 10.8% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 18.3% | ||
| Q1 24 | — | 15.5% |
营业利润率NYTTROX
| Q4 25 | 20.1% | -15.6% | ||
| Q3 25 | 15.0% | -6.2% | ||
| Q2 25 | 15.5% | -4.8% | ||
| Q1 25 | 9.2% | -8.3% | ||
| Q4 24 | 20.2% | 7.1% | ||
| Q3 24 | 12.0% | 6.7% | ||
| Q2 24 | 12.7% | 9.3% | ||
| Q1 24 | 8.1% | 5.3% |
净利率NYTTROX
| Q4 25 | 16.2% | -24.1% | ||
| Q3 25 | 11.7% | -14.2% | ||
| Q2 25 | 12.1% | -11.5% | ||
| Q1 25 | 7.8% | -15.0% | ||
| Q4 24 | 17.0% | -4.4% | ||
| Q3 24 | 10.0% | -3.1% | ||
| Q2 24 | 10.5% | 2.0% | ||
| Q1 24 | 6.8% | -1.2% |
每股收益（稀释后）NYTTROX
| Q4 25 | $0.79 | $-1.11 | ||
| Q3 25 | $0.50 | $-0.63 | ||
| Q2 25 | $0.50 | $-0.53 | ||
| Q1 25 | $0.30 | $-0.70 | ||
| Q4 24 | $0.74 | $-0.19 | ||
| Q3 24 | $0.39 | $-0.16 | ||
| Q2 24 | $0.40 | $0.10 | ||
| Q1 24 | $0.24 | $-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 | $642.2M | $199.0M |
| 总债务越低越好 | — | $3.1B |
| 股东权益账面价值 | $2.0B | $1.4B |
| 总资产 | $3.0B | $6.2B |
| 负债/权益比越低杠杆越低 | — | 2.21× |
8季度趋势，按日历期对齐
现金及短期投资NYTTROX
| Q4 25 | $642.2M | $199.0M | ||
| Q3 25 | $617.4M | $185.0M | ||
| Q2 25 | $540.2M | $132.0M | ||
| Q1 25 | $522.1M | $138.0M | ||
| Q4 24 | $565.9M | $151.0M | ||
| Q3 24 | $492.9M | $167.0M | ||
| Q2 24 | $411.4M | $201.0M | ||
| Q1 24 | $379.1M | $152.0M |
总债务NYTTROX
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.8B |
股东权益NYTTROX
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.9B | $1.9B | ||
| Q2 24 | $1.8B | $1.9B | ||
| Q1 24 | $1.7B | $1.9B |
总资产NYTTROX
| Q4 25 | $3.0B | $6.2B | ||
| Q3 25 | $2.9B | $6.3B | ||
| Q2 25 | $2.8B | $6.2B | ||
| Q1 25 | $2.7B | $6.1B | ||
| Q4 24 | $2.8B | $6.0B | ||
| Q3 24 | $2.8B | $6.2B | ||
| Q2 24 | $2.7B | $6.1B | ||
| Q1 24 | $2.6B | $6.0B |
负债/权益比NYTTROX
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 2.01× | ||
| Q2 25 | — | 1.67× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | 1.57× | ||
| Q3 24 | — | 1.45× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 1.48× |
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 | $164.2M | $121.0M |
| 自由现金流经营现金流 - 资本支出 | $157.6M | $53.0M |
| 自由现金流率自由现金流/营收 | 19.6% | 7.3% |
| 资本支出强度资本支出/营收 | 0.8% | 9.3% |
| 现金转化率经营现金流/净利润 | 1.26× | — |
| 过去12个月自由现金流最近4个季度 | $550.5M | $-281.0M |
8季度趋势，按日历期对齐
经营现金流NYTTROX
| Q4 25 | $164.2M | $121.0M | ||
| Q3 25 | $207.6M | $-57.0M | ||
| Q2 25 | $113.6M | $28.0M | ||
| Q1 25 | $99.1M | $-32.0M | ||
| Q4 24 | $151.7M | $82.0M | ||
| Q3 24 | $125.5M | $87.0M | ||
| Q2 24 | $80.2M | $160.0M | ||
| Q1 24 | $53.1M | $-29.0M |
自由现金流NYTTROX
| Q4 25 | $157.6M | $53.0M | ||
| Q3 25 | $199.7M | $-137.0M | ||
| Q2 25 | $103.3M | $-55.0M | ||
| Q1 25 | $89.9M | $-142.0M | ||
| Q4 24 | $143.6M | $-35.0M | ||
| Q3 24 | $118.4M | $-14.0M | ||
| Q2 24 | $72.6M | $84.0M | ||
| Q1 24 | $46.7M | $-105.0M |
自由现金流率NYTTROX
| Q4 25 | 19.6% | 7.3% | ||
| Q3 25 | 28.5% | -19.6% | ||
| Q2 25 | 15.1% | -7.5% | ||
| Q1 25 | 14.1% | -19.2% | ||
| Q4 24 | 19.8% | -5.2% | ||
| Q3 24 | 18.5% | -1.7% | ||
| Q2 24 | 11.6% | 10.2% | ||
| Q1 24 | 7.9% | -13.6% |
资本支出强度NYTTROX
| Q4 25 | 0.8% | 9.3% | ||
| Q3 25 | 1.1% | 11.4% | ||
| Q2 25 | 1.5% | 11.4% | ||
| Q1 25 | 1.5% | 14.9% | ||
| Q4 24 | 1.1% | 17.3% | ||
| Q3 24 | 1.1% | 12.6% | ||
| Q2 24 | 1.2% | 9.3% | ||
| Q1 24 | 1.1% | 9.8% |
现金转化率NYTTROX
| Q4 25 | 1.26× | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 1.37× | — | ||
| Q1 25 | 2.00× | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.96× | — | ||
| Q2 24 | 1.22× | 10.00× | ||
| Q1 24 | 1.31× | — |
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
NYT
| Subscription | $510.5M | 64% |
| Advertising | $191.7M | 24% |
| Affiliate Licensing And Other Products And Services | $100.2M | 12% |
TROX
| Ti O2 | $577.0M | 79% |
| Zircon | $78.0M | 11% |
| Idle Facility And Lower Of Cost Or Net Realizable Value Charges | $42.0M | 6% |
| Other | $20.0M | 3% |
| MGT | $13.0M | 2% |
