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OUTFRONT Media Inc.（OUT）与Waystar Holding Corp.（WAY）财务数据对比。点击上方公司名可切换其他公司
OUTFRONT Media Inc.的季度营收约是Waystar Holding Corp.的1.6倍（$513.3M vs $313.9M），OUTFRONT Media Inc.净利率更高（18.9% vs 13.8%，领先5.1%），Waystar Holding Corp.同比增速更快（22.4% vs 4.1%），OUTFRONT Media Inc.自由现金流更多（$93.3M vs $90.3M），过去两年Waystar Holding Corp.的营收复合增速更高（15.7% 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。
Waystar Holding Corp是一家领先的医疗健康支付与营收周期管理解决方案提供商，服务覆盖美国各地的医疗机构、医疗系统和支付方，旗下工具可简化账单处理、理赔申请、患者缴费流程，帮助医疗机构降低行政负担、优化营收表现。
OUT vs WAY — 直观对比
营收规模更大
OUT
是对方的1.6倍
$313.9M
营收增速更快
WAY
高出18.3%
4.1%
净利率更高
OUT
高出5.1%
13.8%
自由现金流更多
OUT
多$3.0M
$90.3M
两年增速更快
WAY
近两年复合增速
12.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $513.3M | $313.9M |
| 净利润 | $96.8M | $43.3M |
| 毛利率 | — | — |
| 营业利润率 | 26.0% | 25.6% |
| 净利率 | 18.9% | 13.8% |
| 营收同比 | 4.1% | 22.4% |
| 净利润同比 | 30.8% | 47.9% |
| 每股收益（稀释后） | $0.57 | $0.42 |
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OUTWAY
| Q1 26 | — | $313.9M | ||
| Q4 25 | $513.3M | $303.5M | ||
| Q3 25 | $467.5M | $268.7M | ||
| Q2 25 | $460.2M | $270.7M | ||
| Q1 25 | $390.7M | $256.4M | ||
| Q4 24 | $493.2M | $244.1M | ||
| Q3 24 | $451.9M | $240.1M | ||
| Q2 24 | $477.3M | $234.5M |
净利润OUTWAY
| Q1 26 | — | $43.3M | ||
| Q4 25 | $96.8M | $20.0M | ||
| Q3 25 | $51.3M | $30.6M | ||
| Q2 25 | $19.5M | $32.2M | ||
| Q1 25 | $-20.6M | $29.3M | ||
| Q4 24 | $74.0M | $19.1M | ||
| Q3 24 | $34.6M | $5.4M | ||
| Q2 24 | $176.8M | $-27.7M |
营业利润率OUTWAY
| Q1 26 | — | 25.6% | ||
| Q4 25 | 26.0% | 19.4% | ||
| Q3 25 | 19.2% | 22.4% | ||
| Q2 25 | 12.2% | 24.0% | ||
| Q1 25 | 3.6% | 25.4% | ||
| Q4 24 | 22.5% | 21.8% | ||
| Q3 24 | 15.8% | 11.3% | ||
| Q2 24 | 48.0% | 3.5% |
净利率OUTWAY
| Q1 26 | — | 13.8% | ||
| Q4 25 | 18.9% | 6.6% | ||
| Q3 25 | 11.0% | 11.4% | ||
| Q2 25 | 4.2% | 11.9% | ||
| Q1 25 | -5.3% | 11.4% | ||
| Q4 24 | 15.0% | 7.8% | ||
| Q3 24 | 7.7% | 2.3% | ||
| Q2 24 | 37.0% | -11.8% |
每股收益（稀释后）OUTWAY
| Q1 26 | — | $0.42 | ||
| Q4 25 | $0.57 | $0.10 | ||
| Q3 25 | $0.29 | $0.17 | ||
| Q2 25 | $0.10 | $0.18 | ||
| Q1 25 | $-0.14 | $0.16 | ||
| Q4 24 | $0.49 | $0.18 | ||
| Q3 24 | $0.19 | $0.03 | ||
| Q2 24 | $1.01 | $-0.21 |
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 | $34.3M |
| 总债务越低越好 | — | $13.5M |
| 股东权益账面价值 | $710.4M | $3.9B |
| 总资产 | $5.3B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资OUTWAY
| Q1 26 | — | $34.3M | ||
| Q4 25 | $99.9M | $61.4M | ||
| Q3 25 | $63.0M | $421.1M | ||
| Q2 25 | $28.5M | $290.3M | ||
| Q1 25 | $30.5M | $224.0M | ||
| Q4 24 | $46.9M | $182.1M | ||
| Q3 24 | $28.0M | $127.1M | ||
| Q2 24 | $49.6M | $68.4M |
总债务OUTWAY
| Q1 26 | — | $13.5M | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益OUTWAY
| Q1 26 | — | $3.9B | ||
| Q4 25 | $710.4M | $3.9B | ||
| Q3 25 | $542.6M | $3.2B | ||
| Q2 25 | $539.1M | $3.2B | ||
| Q1 25 | $566.9M | $3.1B | ||
| Q4 24 | $649.0M | $3.1B | ||
| Q3 24 | $618.2M | $3.1B | ||
| Q2 24 | $664.9M | $2.9B |
总资产OUTWAY
| Q1 26 | — | $5.8B | ||
| Q4 25 | $5.3B | $5.8B | ||
| Q3 25 | $5.2B | $4.7B | ||
| Q2 25 | $5.1B | $4.7B | ||
| Q1 25 | $5.1B | $4.6B | ||
| Q4 24 | $5.2B | $4.6B | ||
| Q3 24 | $5.2B | $4.5B | ||
| Q2 24 | $5.3B | $4.6B |
负债/权益比OUTWAY
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $84.9M |
| 自由现金流经营现金流 - 资本支出 | $93.3M | $90.3M |
| 自由现金流率自由现金流/营收 | 18.2% | 28.8% |
| 资本支出强度资本支出/营收 | 4.8% | — |
| 现金转化率经营现金流/净利润 | 1.22× | 1.96× |
| 过去12个月自由现金流最近4个季度 | $218.8M | $314.6M |
8季度趋势，按日历期对齐
经营现金流OUTWAY
| Q1 26 | — | $84.9M | ||
| Q4 25 | $118.1M | $66.6M | ||
| Q3 25 | $88.8M | $82.0M | ||
| Q2 25 | $67.1M | $96.8M | ||
| Q1 25 | $33.6M | $64.2M | ||
| Q4 24 | $124.5M | — | ||
| Q3 24 | $73.1M | $78.8M | ||
| Q2 24 | $71.0M | $15.4M |
自由现金流OUTWAY
| Q1 26 | — | $90.3M | ||
| Q4 25 | $93.3M | $57.2M | ||
| Q3 25 | $67.7M | $76.2M | ||
| Q2 25 | $41.4M | $91.0M | ||
| Q1 25 | $16.4M | $58.8M | ||
| Q4 24 | $106.3M | — | ||
| Q3 24 | $55.5M | $70.2M | ||
| Q2 24 | $47.1M | $8.6M |
自由现金流率OUTWAY
| Q1 26 | — | 28.8% | ||
| Q4 25 | 18.2% | 18.9% | ||
| Q3 25 | 14.5% | 28.3% | ||
| Q2 25 | 9.0% | 33.6% | ||
| Q1 25 | 4.2% | 22.9% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 12.3% | 29.2% | ||
| Q2 24 | 9.9% | 3.7% |
资本支出强度OUTWAY
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 3.1% | ||
| Q3 25 | 4.5% | 2.2% | ||
| Q2 25 | 5.6% | 2.1% | ||
| Q1 25 | 4.4% | 2.1% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 3.9% | 3.6% | ||
| Q2 24 | 5.0% | 2.9% |
现金转化率OUTWAY
| Q1 26 | — | 1.96× | ||
| Q4 25 | 1.22× | 3.33× | ||
| Q3 25 | 1.73× | 2.68× | ||
| Q2 25 | 3.44× | 3.01× | ||
| Q1 25 | — | 2.20× | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 2.11× | 14.56× | ||
| Q2 24 | 0.40× | — |
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% |
WAY
| Subscription | $172.2M | 55% |
| Volume-based | $139.5M | 44% |
