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OUTFRONT Media Inc.（OUT）与Tradeweb Markets Inc.（TW）财务数据对比。点击上方公司名可切换其他公司
Tradeweb Markets Inc.的季度营收约是OUTFRONT Media Inc.的1.0倍（$521.2M vs $513.3M），Tradeweb Markets Inc.净利率更高（62.4% vs 18.9%，领先43.5%），Tradeweb Markets Inc.同比增速更快（12.5% vs 4.1%），Tradeweb Markets Inc.自由现金流更多（$336.5M vs $93.3M），过去两年Tradeweb Markets Inc.的营收复合增速更高（12.9% vs 12.1%）
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
Tradeweb Markets Inc.总部位于美国纽约，运营面向机构投资者的电子交易平台，支持固定收益产品、ETF及衍生品交易，服务覆盖银行、资管机构、央行、养老基金、保险公司等超3000家客户。2024年其83%营收来自交易手续费及佣金，17%来自订阅费，52%营收来自利率相关产品。
OUT vs TW — 直观对比
营收规模更大
TW
是对方的1.0倍
$513.3M
营收增速更快
TW
高出8.4%
4.1%
净利率更高
TW
高出43.5%
18.9%
自由现金流更多
TW
多$243.2M
$93.3M
两年增速更快
TW
近两年复合增速
12.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $513.3M | $521.2M |
| 净利润 | $96.8M | $325.0M |
| 毛利率 | — | — |
| 营业利润率 | 26.0% | 42.4% |
| 净利率 | 18.9% | 62.4% |
| 营收同比 | 4.1% | 12.5% |
| 净利润同比 | 30.8% | 128.5% |
| 每股收益（稀释后） | $0.57 | $1.52 |
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OUTTW
| Q4 25 | $513.3M | $521.2M | ||
| Q3 25 | $467.5M | $508.6M | ||
| Q2 25 | $460.2M | $513.0M | ||
| Q1 25 | $390.7M | $509.7M | ||
| Q4 24 | $493.2M | $463.3M | ||
| Q3 24 | $451.9M | $448.9M | ||
| Q2 24 | $477.3M | $405.0M | ||
| Q1 24 | $408.5M | $408.7M |
净利润OUTTW
| Q4 25 | $96.8M | $325.0M | ||
| Q3 25 | $51.3M | $185.6M | ||
| Q2 25 | $19.5M | $153.8M | ||
| Q1 25 | $-20.6M | $148.4M | ||
| Q4 24 | $74.0M | $142.2M | ||
| Q3 24 | $34.6M | $113.9M | ||
| Q2 24 | $176.8M | $119.2M | ||
| Q1 24 | $-27.2M | $126.1M |
营业利润率OUTTW
| Q4 25 | 26.0% | 42.4% | ||
| Q3 25 | 19.2% | 41.4% | ||
| Q2 25 | 12.2% | 39.0% | ||
| Q1 25 | 3.6% | 40.0% | ||
| Q4 24 | 22.5% | 40.7% | ||
| Q3 24 | 15.8% | 35.5% | ||
| Q2 24 | 48.0% | 40.1% | ||
| Q1 24 | 3.4% | 41.0% |
净利率OUTTW
| Q4 25 | 18.9% | 62.4% | ||
| Q3 25 | 11.0% | 36.5% | ||
| Q2 25 | 4.2% | 30.0% | ||
| Q1 25 | -5.3% | 29.1% | ||
| Q4 24 | 15.0% | 30.7% | ||
| Q3 24 | 7.7% | 25.4% | ||
| Q2 24 | 37.0% | 29.4% | ||
| Q1 24 | -6.7% | 30.9% |
每股收益（稀释后）OUTTW
| Q4 25 | $0.57 | $1.52 | ||
| Q3 25 | $0.29 | $0.86 | ||
| Q2 25 | $0.10 | $0.71 | ||
| Q1 25 | $-0.14 | $0.69 | ||
| Q4 24 | $0.49 | $0.66 | ||
| Q3 24 | $0.19 | $0.53 | ||
| Q2 24 | $1.01 | $0.55 | ||
| Q1 24 | $-0.18 | $0.59 |
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 | $99.9M | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $710.4M | $6.5B |
| 总资产 | $5.3B | $8.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资OUTTW
| Q4 25 | $99.9M | $2.1B | ||
| Q3 25 | $63.0M | $1.9B | ||
| Q2 25 | $28.5M | $1.6B | ||
| Q1 25 | $30.5M | $1.3B | ||
| Q4 24 | $46.9M | $1.3B | ||
| Q3 24 | $28.0M | $1.2B | ||
| Q2 24 | $49.6M | $1.7B | ||
| Q1 24 | $42.4M | $1.5B |
股东权益OUTTW
| Q4 25 | $710.4M | $6.5B | ||
| Q3 25 | $542.6M | $6.3B | ||
| Q2 25 | $539.1M | $6.1B | ||
| Q1 25 | $566.9M | $5.9B | ||
| Q4 24 | $649.0M | $5.8B | ||
| Q3 24 | $618.2M | $5.7B | ||
| Q2 24 | $664.9M | $5.6B | ||
| Q1 24 | $524.2M | $5.5B |
总资产OUTTW
| Q4 25 | $5.3B | $8.2B | ||
| Q3 25 | $5.2B | $8.0B | ||
| Q2 25 | $5.1B | $8.1B | ||
| Q1 25 | $5.1B | $7.4B | ||
| Q4 24 | $5.2B | $7.3B | ||
| Q3 24 | $5.2B | $7.3B | ||
| Q2 24 | $5.3B | $7.3B | ||
| Q1 24 | $5.5B | $7.4B |
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 | $118.1M | $355.9M |
| 自由现金流经营现金流 - 资本支出 | $93.3M | $336.5M |
| 自由现金流率自由现金流/营收 | 18.2% | 64.6% |
| 资本支出强度资本支出/营收 | 4.8% | 3.7% |
| 现金转化率经营现金流/净利润 | 1.22× | 1.10× |
| 过去12个月自由现金流最近4个季度 | $218.8M | $1.1B |
8季度趋势，按日历期对齐
经营现金流OUTTW
| Q4 25 | $118.1M | $355.9M | ||
| Q3 25 | $88.8M | $342.3M | ||
| Q2 25 | $67.1M | $409.2M | ||
| Q1 25 | $33.6M | $60.2M | ||
| Q4 24 | $124.5M | $282.0M | ||
| Q3 24 | $73.1M | $292.1M | ||
| Q2 24 | $71.0M | $285.7M | ||
| Q1 24 | $30.6M | $37.9M |
自由现金流OUTTW
| Q4 25 | $93.3M | $336.5M | ||
| Q3 25 | $67.7M | $328.3M | ||
| Q2 25 | $41.4M | $403.7M | ||
| Q1 25 | $16.4M | $58.6M | ||
| Q4 24 | $106.3M | $256.8M | ||
| Q3 24 | $55.5M | $287.8M | ||
| Q2 24 | $47.1M | $280.8M | ||
| Q1 24 | $12.2M | $31.3M |
自由现金流率OUTTW
| Q4 25 | 18.2% | 64.6% | ||
| Q3 25 | 14.5% | 64.5% | ||
| Q2 25 | 9.0% | 78.7% | ||
| Q1 25 | 4.2% | 11.5% | ||
| Q4 24 | 21.6% | 55.4% | ||
| Q3 24 | 12.3% | 64.1% | ||
| Q2 24 | 9.9% | 69.4% | ||
| Q1 24 | 3.0% | 7.7% |
资本支出强度OUTTW
| Q4 25 | 4.8% | 3.7% | ||
| Q3 25 | 4.5% | 2.8% | ||
| Q2 25 | 5.6% | 1.1% | ||
| Q1 25 | 4.4% | 0.3% | ||
| Q4 24 | 3.7% | 5.4% | ||
| Q3 24 | 3.9% | 1.0% | ||
| Q2 24 | 5.0% | 1.2% | ||
| Q1 24 | 4.5% | 1.6% |
现金转化率OUTTW
| Q4 25 | 1.22× | 1.10× | ||
| Q3 25 | 1.73× | 1.84× | ||
| Q2 25 | 3.44× | 2.66× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | 1.68× | 1.98× | ||
| Q3 24 | 2.11× | 2.56× | ||
| Q2 24 | 0.40× | 2.40× | ||
| Q1 24 | — | 0.30× |
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
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
TW
| Other | $235.2M | 45% |
| Wholesale Client Sector | $97.9M | 19% |
| Subscription Fee Revenue | $60.0M | 12% |
| Retail Client Sector | $35.0M | 7% |
| Market Data Client Sector | $33.8M | 6% |
| Corporate Client Sector | $26.1M | 5% |
| Market Data Revenue | $23.2M | 4% |
| Financial Service Other | $10.0M | 2% |
