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PENN Entertainment, Inc.（PENN）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
PENN Entertainment, Inc.的季度营收约是思佳讯的1.7倍（$1.8B vs $1.0B），思佳讯净利率更高（7.6% vs -0.2%，领先7.8%），思佳讯同比增速更快（8.6% vs 6.4%），过去两年PENN Entertainment, Inc.的营收复合增速更高（3.4% vs -0.5%）
Penn Entertainment, Inc.（前称宾州国家博彩）是美国知名娱乐企业，业务涵盖综合娱乐运营、体育内容供给及赌场博彩服务，旗下运营好莱坞赌场、Ameristar、Boomtown等品牌，在全美20个州拥有43处经营场所，同时持有加拿大数字媒体企业Score Media and Gaming的所有权。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
PENN vs SWKS — 直观对比
营收规模更大
PENN
是对方的1.7倍
$1.0B
营收增速更快
SWKS
高出2.2%
6.4%
净利率更高
SWKS
高出7.8%
-0.2%
两年增速更快
PENN
近两年复合增速
-0.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.0B |
| 净利润 | $-2.8M | $79.2M |
| 毛利率 | — | 41.3% |
| 营业利润率 | 5.5% | 10.0% |
| 净利率 | -0.2% | 7.6% |
| 营收同比 | 6.4% | 8.6% |
| 净利润同比 | 66.7% | 15.3% |
| 每股收益（稀释后） | $-0.02 | $0.53 |
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PENNSWKS
| Q1 26 | $1.8B | $1.0B | ||
| Q4 25 | $1.8B | $1.1B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.8B | $965.0M | ||
| Q1 25 | $1.7B | $953.2M | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.6B | $1.0B | ||
| Q2 24 | $1.7B | $905.5M |
净利润PENNSWKS
| Q1 26 | $-2.8M | $79.2M | ||
| Q4 25 | $-72.9M | $141.4M | ||
| Q3 25 | $-864.6M | — | ||
| Q2 25 | $-17.4M | $105.0M | ||
| Q1 25 | $111.8M | $68.7M | ||
| Q4 24 | $-133.3M | $162.0M | ||
| Q3 24 | $-36.7M | $60.5M | ||
| Q2 24 | $-26.8M | $120.9M |
毛利率PENNSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 41.6% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 41.9% | ||
| Q2 24 | — | 40.2% |
营业利润率PENNSWKS
| Q1 26 | 5.5% | 10.0% | ||
| Q4 25 | -1.0% | 10.1% | ||
| Q3 25 | -45.2% | — | ||
| Q2 25 | 4.4% | 11.5% | ||
| Q1 25 | 2.6% | 10.2% | ||
| Q4 24 | -2.9% | 16.9% | ||
| Q3 24 | 4.1% | 5.8% | ||
| Q2 24 | 4.5% | 14.4% |
净利率PENNSWKS
| Q1 26 | -0.2% | 7.6% | ||
| Q4 25 | -4.0% | 12.9% | ||
| Q3 25 | -50.3% | — | ||
| Q2 25 | -1.0% | 10.9% | ||
| Q1 25 | 6.7% | 7.2% | ||
| Q4 24 | -8.0% | 15.2% | ||
| Q3 24 | -2.2% | 5.9% | ||
| Q2 24 | -1.6% | 13.4% |
每股收益（稀释后）PENNSWKS
| Q1 26 | $-0.02 | $0.53 | ||
| Q4 25 | $-0.36 | $0.95 | ||
| Q3 25 | $-6.03 | — | ||
| Q2 25 | $-0.12 | $0.70 | ||
| Q1 25 | $0.68 | $0.43 | ||
| Q4 24 | $-0.87 | $1.00 | ||
| Q3 24 | $-0.24 | $0.36 | ||
| Q2 24 | $-0.18 | $0.75 |
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 | $708.0M | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | — | $5.8B |
| 总资产 | — | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资PENNSWKS
| Q1 26 | $708.0M | $1.6B | ||
| Q4 25 | $686.6M | $1.4B | ||
| Q3 25 | $660.1M | — | ||
| Q2 25 | $671.6M | $1.3B | ||
| Q1 25 | $591.6M | $1.5B | ||
| Q4 24 | $706.6M | $1.7B | ||
| Q3 24 | $834.0M | $1.6B | ||
| Q2 24 | $877.6M | $1.3B |
总债务PENNSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $2.9B | $496.4M | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.8B | $496.2M | ||
| Q1 25 | $2.6B | $995.1M | ||
| Q4 24 | $2.8B | $994.7M | ||
| Q3 24 | $2.8B | $994.3M | ||
| Q2 24 | $2.8B | $994.0M |
股东权益PENNSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $1.8B | $5.8B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $3.0B | $5.7B | ||
| Q1 25 | $3.0B | $5.9B | ||
| Q4 24 | $2.9B | $6.4B | ||
| Q3 24 | $3.1B | $6.3B | ||
| Q2 24 | $3.1B | $6.3B |
总资产PENNSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $14.3B | $7.9B | ||
| Q3 25 | $14.3B | — | ||
| Q2 25 | $15.2B | $7.7B | ||
| Q1 25 | $15.1B | $7.9B | ||
| Q4 24 | $15.3B | $8.3B | ||
| Q3 24 | $15.5B | $8.3B | ||
| Q2 24 | $15.5B | $8.2B |
负债/权益比PENNSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 1.58× | 0.09× | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 0.94× | 0.09× | ||
| Q1 25 | 0.89× | 0.17× | ||
| Q4 24 | 0.98× | 0.16× | ||
| Q3 24 | 0.91× | 0.16× | ||
| Q2 24 | 0.91× | 0.16× |
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 | — | $395.5M |
| 自由现金流经营现金流 - 资本支出 | — | $339.0M |
| 自由现金流率自由现金流/营收 | — | 32.7% |
| 资本支出强度资本支出/营收 | 5.3% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 4.99× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流PENNSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $107.2M | $200.0M | ||
| Q3 25 | $180.9M | — | ||
| Q2 25 | $178.2M | $314.2M | ||
| Q1 25 | $41.9M | $409.4M | ||
| Q4 24 | $102.9M | $377.2M | ||
| Q3 24 | $174.7M | $476.1M | ||
| Q2 24 | $150.4M | $273.4M |
自由现金流PENNSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $-83.2M | $144.0M | ||
| Q3 25 | $8.2M | — | ||
| Q2 25 | $18.8M | $252.7M | ||
| Q1 25 | $-83.3M | $370.9M | ||
| Q4 24 | $-118.1M | $338.2M | ||
| Q3 24 | $42.6M | $393.3M | ||
| Q2 24 | $62.2M | $249.0M |
自由现金流率PENNSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | -4.6% | 13.1% | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 1.1% | 26.2% | ||
| Q1 25 | -5.0% | 38.9% | ||
| Q4 24 | -7.1% | 31.7% | ||
| Q3 24 | 2.6% | 38.4% | ||
| Q2 24 | 3.7% | 27.5% |
资本支出强度PENNSWKS
| Q1 26 | 5.3% | 5.5% | ||
| Q4 25 | 10.5% | 5.1% | ||
| Q3 25 | 10.1% | — | ||
| Q2 25 | 9.0% | 6.4% | ||
| Q1 25 | 7.5% | 4.0% | ||
| Q4 24 | 13.2% | 3.6% | ||
| Q3 24 | 8.1% | 8.1% | ||
| Q2 24 | 5.3% | 2.7% |
现金转化率PENNSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | — | 1.41× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.99× | ||
| Q1 25 | 0.37× | 5.96× | ||
| Q4 24 | — | 2.33× | ||
| Q3 24 | — | 7.87× | ||
| Q2 24 | — | 2.26× |
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
PENN
| Northeast segment (1) | $687.1M | 39% |
| Interactive (5) | $290.1M | 16% |
| South segment (2) | $288.3M | 16% |
| Midwest segment (4) | $282.9M | 16% |
| West segment (3) | $129.7M | 7% |
| Other | $101.0M | 6% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
