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PINTEREST, INC.（PINS）与永利度假村（WYNN）财务数据对比。点击上方公司名可切换其他公司
永利度假村的季度营收约是PINTEREST, INC.的1.4倍（$1.9B vs $1.3B），PINTEREST, INC.净利率更高（21.0% vs 5.4%，领先15.6%），PINTEREST, INC.同比增速更快（14.3% vs 1.5%），PINTEREST, INC.自由现金流更多（$380.4M vs $306.8M），过去两年PINTEREST, INC.的营收复合增速更高（33.5% vs 0.1%）
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
永利度假村是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店及博彩度假村的开发与运营。公司2002年由前梦幻度假村董事长兼首席执行官史蒂夫·永利创立，现任首席执行官为克雷格·比林斯，截至2020年已在全球布局6处优质物业。
PINS vs WYNN — 直观对比
营收规模更大
WYNN
是对方的1.4倍
$1.3B
营收增速更快
PINS
高出12.8%
1.5%
净利率更高
PINS
高出15.6%
5.4%
自由现金流更多
PINS
多$73.6M
$306.8M
两年增速更快
PINS
近两年复合增速
0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.9B |
| 净利润 | $277.1M | $100.0M |
| 毛利率 | 82.8% | — |
| 营业利润率 | 22.8% | 14.7% |
| 净利率 | 21.0% | 5.4% |
| 营收同比 | 14.3% | 1.5% |
| 净利润同比 | -85.0% | -63.9% |
| 每股收益（稀释后） | $0.41 | $0.96 |
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PINSWYNN
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $998.2M | $1.7B | ||
| Q1 25 | $855.0M | $1.7B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $898.4M | $1.7B | ||
| Q2 24 | $853.7M | $1.7B | ||
| Q1 24 | $740.0M | $1.9B |
净利润PINSWYNN
| Q4 25 | $277.1M | $100.0M | ||
| Q3 25 | $92.1M | $88.3M | ||
| Q2 25 | $38.8M | $66.2M | ||
| Q1 25 | $8.9M | $72.7M | ||
| Q4 24 | $1.8B | $277.0M | ||
| Q3 24 | $30.6M | $-32.1M | ||
| Q2 24 | $8.9M | $111.9M | ||
| Q1 24 | $-24.8M | $144.2M |
毛利率PINSWYNN
| Q4 25 | 82.8% | — | ||
| Q3 25 | 79.8% | — | ||
| Q2 25 | 79.7% | — | ||
| Q1 25 | 76.7% | — | ||
| Q4 24 | 82.9% | — | ||
| Q3 24 | 79.1% | — | ||
| Q2 24 | 78.3% | — | ||
| Q1 24 | 75.5% | — |
营业利润率PINSWYNN
| Q4 25 | 22.8% | 14.7% | ||
| Q3 25 | 5.6% | 16.9% | ||
| Q2 25 | -0.4% | 15.2% | ||
| Q1 25 | -4.1% | 15.8% | ||
| Q4 24 | 22.7% | 20.0% | ||
| Q3 24 | -0.7% | 7.9% | ||
| Q2 24 | -2.5% | 15.6% | ||
| Q1 24 | -7.4% | 19.5% |
净利率PINSWYNN
| Q4 25 | 21.0% | 5.4% | ||
| Q3 25 | 8.8% | 4.8% | ||
| Q2 25 | 3.9% | 3.8% | ||
| Q1 25 | 1.0% | 4.3% | ||
| Q4 24 | 160.1% | 15.1% | ||
| Q3 24 | 3.4% | -1.9% | ||
| Q2 24 | 1.0% | 6.5% | ||
| Q1 24 | -3.4% | 7.7% |
每股收益（稀释后）PINSWYNN
| Q4 25 | $0.41 | $0.96 | ||
| Q3 25 | $0.13 | $0.85 | ||
| Q2 25 | $0.06 | $0.64 | ||
| Q1 25 | $0.01 | $0.69 | ||
| Q4 24 | $2.66 | $2.43 | ||
| Q3 24 | $0.04 | $-0.29 | ||
| Q2 24 | $0.01 | $0.91 | ||
| Q1 24 | $-0.04 | $1.30 |
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 | $969.3M | $1.5B |
| 总债务越低越好 | — | $10.5B |
| 股东权益账面价值 | $4.7B | $-275.5M |
| 总资产 | $5.5B | $13.1B |
| 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PINSWYNN
| Q4 25 | $969.3M | $1.5B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $1.0B | $2.4B | ||
| Q2 24 | $1.4B | $2.4B | ||
| Q1 24 | $1.6B | $2.4B |
总债务PINSWYNN
| Q4 25 | — | $10.5B | ||
| Q3 25 | — | $10.6B | ||
| Q2 25 | — | $10.5B | ||
| Q1 25 | — | $10.6B | ||
| Q4 24 | — | $10.5B | ||
| Q3 24 | — | $11.8B | ||
| Q2 24 | — | $11.0B | ||
| Q1 24 | — | $11.2B |
股东权益PINSWYNN
| Q4 25 | $4.7B | $-275.5M | ||
| Q3 25 | $4.8B | $-370.0M | ||
| Q2 25 | $4.8B | $-441.5M | ||
| Q1 25 | $4.7B | $-360.7M | ||
| Q4 24 | $4.8B | $-224.2M | ||
| Q3 24 | $2.9B | $-281.4M | ||
| Q2 24 | $3.2B | $-109.8M | ||
| Q1 24 | $3.1B | $-137.0M |
总资产PINSWYNN
| Q4 25 | $5.5B | $13.1B | ||
| Q3 25 | $5.5B | $12.8B | ||
| Q2 25 | $5.4B | $12.7B | ||
| Q1 25 | $5.3B | $12.7B | ||
| Q4 24 | $5.3B | $13.0B | ||
| Q3 24 | $3.5B | $14.1B | ||
| Q2 24 | $3.7B | $13.3B | ||
| Q1 24 | $3.7B | $13.5B |
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 | $391.2M | $478.0M |
| 自由现金流经营现金流 - 资本支出 | $380.4M | $306.8M |
| 自由现金流率自由现金流/营收 | 28.8% | 16.4% |
| 资本支出强度资本支出/营收 | 0.8% | 9.2% |
| 现金转化率经营现金流/净利润 | 1.41× | 4.78× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $692.2M |
8季度趋势，按日历期对齐
经营现金流PINSWYNN
| Q4 25 | $391.2M | $478.0M | ||
| Q3 25 | $321.7M | $335.8M | ||
| Q2 25 | $207.7M | $405.1M | ||
| Q1 25 | $363.7M | $133.8M | ||
| Q4 24 | $254.0M | $479.0M | ||
| Q3 24 | $248.0M | $279.3M | ||
| Q2 24 | $106.4M | $352.8M | ||
| Q1 24 | $356.1M | $315.1M |
自由现金流PINSWYNN
| Q4 25 | $380.4M | $306.8M | ||
| Q3 25 | $318.4M | $171.8M | ||
| Q2 25 | $196.7M | $239.8M | ||
| Q1 25 | $356.4M | $-26.2M | ||
| Q4 24 | $250.2M | $351.8M | ||
| Q3 24 | $244.1M | $178.0M | ||
| Q2 24 | $101.6M | $259.1M | ||
| Q1 24 | $344.0M | $217.4M |
自由现金流率PINSWYNN
| Q4 25 | 28.8% | 16.4% | ||
| Q3 25 | 30.3% | 9.4% | ||
| Q2 25 | 19.7% | 13.8% | ||
| Q1 25 | 41.7% | -1.5% | ||
| Q4 24 | 21.7% | 19.1% | ||
| Q3 24 | 27.2% | 10.5% | ||
| Q2 24 | 11.9% | 15.0% | ||
| Q1 24 | 46.5% | 11.7% |
资本支出强度PINSWYNN
| Q4 25 | 0.8% | 9.2% | ||
| Q3 25 | 0.3% | 8.9% | ||
| Q2 25 | 1.1% | 9.5% | ||
| Q1 25 | 0.9% | 9.4% | ||
| Q4 24 | 0.3% | 6.9% | ||
| Q3 24 | 0.4% | 6.0% | ||
| Q2 24 | 0.6% | 5.4% | ||
| Q1 24 | 1.6% | 5.2% |
现金转化率PINSWYNN
| Q4 25 | 1.41× | 4.78× | ||
| Q3 25 | 3.49× | 3.80× | ||
| Q2 25 | 5.36× | 6.12× | ||
| Q1 25 | 40.77× | 1.84× | ||
| Q4 24 | 0.14× | 1.73× | ||
| Q3 24 | 8.12× | — | ||
| Q2 24 | 11.98× | 3.15× | ||
| Q1 24 | — | 2.18× |
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
PINS
| United States And Canada | $944.3M | 72% |
| Other | $375.0M | 28% |
WYNN
| Casino | $1.1B | 61% |
| Occupancy | $305.1M | 16% |
| Food And Beverage | $264.9M | 14% |
| Entertainment Retail And Other | $152.6M | 8% |
