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Dave & Buster's Entertainment, Inc.（PLAY）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
Dave & Buster's Entertainment, Inc.的季度营收约是PLUG POWER INC的2.0倍（$448.2M vs $225.2M），Dave & Buster's Entertainment, Inc.净利率更高（-9.4% vs -375.6%，领先366.2%），PLUG POWER INC同比增速更快（17.6% vs -1.1%），Dave & Buster's Entertainment, Inc.自由现金流更多（$-20.6M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs -13.5%）
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
PLAY vs PLUG — 直观对比
营收规模更大
PLAY
是对方的2.0倍
$225.2M
营收增速更快
PLUG
高出18.7%
-1.1%
净利率更高
PLAY
高出366.2%
-375.6%
自由现金流更多
PLAY
多$132.4M
$-153.0M
两年增速更快
PLUG
近两年复合增速
-13.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $448.2M | $225.2M |
| 净利润 | $-42.1M | $-846.0M |
| 毛利率 | 85.8% | 2.4% |
| 营业利润率 | -3.6% | -338.9% |
| 净利率 | -9.4% | -375.6% |
| 营收同比 | -1.1% | 17.6% |
| 净利润同比 | -28.7% | 36.7% |
| 每股收益（稀释后） | $-1.22 | $-0.70 |
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PLAYPLUG
| Q4 25 | $448.2M | $225.2M | ||
| Q3 25 | $557.4M | $177.1M | ||
| Q2 25 | $567.7M | $174.0M | ||
| Q1 25 | $534.5M | $133.7M | ||
| Q4 24 | $453.0M | $191.5M | ||
| Q3 24 | $557.1M | $173.7M | ||
| Q2 24 | $588.1M | $143.3M | ||
| Q1 24 | $599.0M | $120.3M |
净利润PLAYPLUG
| Q4 25 | $-42.1M | $-846.0M | ||
| Q3 25 | $11.4M | $-361.9M | ||
| Q2 25 | $21.7M | $-227.1M | ||
| Q1 25 | $9.3M | $-196.7M | ||
| Q4 24 | $-32.7M | $-1.3B | ||
| Q3 24 | $40.3M | $-211.2M | ||
| Q2 24 | $41.4M | $-262.3M | ||
| Q1 24 | $36.1M | $-295.8M |
毛利率PLAYPLUG
| Q4 25 | 85.8% | 2.4% | ||
| Q3 25 | 86.3% | -67.9% | ||
| Q2 25 | 85.5% | -30.7% | ||
| Q1 25 | 85.5% | -55.3% | ||
| Q4 24 | 85.0% | -122.5% | ||
| Q3 24 | 85.3% | -57.6% | ||
| Q2 24 | 85.2% | -91.6% | ||
| Q1 24 | 84.1% | -132.3% |
营业利润率PLAYPLUG
| Q4 25 | -3.6% | -338.9% | ||
| Q3 25 | 9.5% | -197.0% | ||
| Q2 25 | 11.1% | -101.7% | ||
| Q1 25 | 8.3% | -133.5% | ||
| Q4 24 | 1.4% | -678.7% | ||
| Q3 24 | 15.2% | -124.4% | ||
| Q2 24 | 14.5% | -170.7% | ||
| Q1 24 | 14.9% | -215.7% |
净利率PLAYPLUG
| Q4 25 | -9.4% | -375.6% | ||
| Q3 25 | 2.0% | -204.4% | ||
| Q2 25 | 3.8% | -130.5% | ||
| Q1 25 | 1.7% | -147.1% | ||
| Q4 24 | -7.2% | -697.5% | ||
| Q3 24 | 7.2% | -121.5% | ||
| Q2 24 | 7.0% | -183.0% | ||
| Q1 24 | 6.0% | -245.9% |
每股收益（稀释后）PLAYPLUG
| Q4 25 | $-1.22 | $-0.70 | ||
| Q3 25 | $0.32 | $-0.31 | ||
| Q2 25 | $0.62 | $-0.20 | ||
| Q1 25 | $0.32 | $-0.21 | ||
| Q4 24 | $-0.84 | $-1.61 | ||
| Q3 24 | $0.99 | $-0.25 | ||
| Q2 24 | $0.99 | $-0.36 | ||
| Q1 24 | $0.95 | $-0.46 |
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 | $13.6M | $368.5M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $130.8M | $978.1M |
| 总资产 | $4.1B | $2.6B |
| 负债/权益比越低杠杆越低 | 12.17× | — |
8季度趋势，按日历期对齐
现金及短期投资PLAYPLUG
| Q4 25 | $13.6M | $368.5M | ||
| Q3 25 | $12.0M | $165.9M | ||
| Q2 25 | $11.9M | $140.7M | ||
| Q1 25 | $6.9M | $295.8M | ||
| Q4 24 | $8.6M | $205.7M | ||
| Q3 24 | $13.1M | $93.9M | ||
| Q2 24 | $32.1M | $62.4M | ||
| Q1 24 | $37.3M | $172.9M |
总债务PLAYPLUG
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.3B | $3.9M | ||
| Q2 24 | $1.3B | $3.7M | ||
| Q1 24 | $1.3B | $3.8M |
股东权益PLAYPLUG
| Q4 25 | $130.8M | $978.1M | ||
| Q3 25 | $166.2M | $1.4B | ||
| Q2 25 | $146.8M | $1.7B | ||
| Q1 25 | $145.8M | $1.9B | ||
| Q4 24 | $226.6M | $1.7B | ||
| Q3 24 | $284.4M | $3.0B | ||
| Q2 24 | $292.5M | $3.0B | ||
| Q1 24 | $251.2M | $2.9B |
总资产PLAYPLUG
| Q4 25 | $4.1B | $2.6B | ||
| Q3 25 | $4.1B | $3.1B | ||
| Q2 25 | $4.1B | $3.4B | ||
| Q1 25 | $4.0B | $3.6B | ||
| Q4 24 | $3.9B | $3.6B | ||
| Q3 24 | $3.8B | $4.7B | ||
| Q2 24 | $3.8B | $4.8B | ||
| Q1 24 | $3.8B | $4.8B |
负债/权益比PLAYPLUG
| Q4 25 | 12.17× | — | ||
| Q3 25 | 9.57× | — | ||
| Q2 25 | 10.98× | — | ||
| Q1 25 | 10.45× | — | ||
| Q4 24 | 6.58× | — | ||
| Q3 24 | 4.72× | 0.00× | ||
| Q2 24 | 4.58× | 0.00× | ||
| Q1 24 | 5.33× | 0.00× |
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 | $58.0M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $-20.6M | $-153.0M |
| 自由现金流率自由现金流/营收 | -4.6% | -67.9% |
| 资本支出强度资本支出/营收 | 17.5% | 1.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-195.6M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流PLAYPLUG
| Q4 25 | $58.0M | $-148.6M | ||
| Q3 25 | $34.0M | $-89.8M | ||
| Q2 25 | $95.8M | $-191.8M | ||
| Q1 25 | $108.9M | $-105.6M | ||
| Q4 24 | $-7.2M | $-131.2M | ||
| Q3 24 | $101.8M | $-174.9M | ||
| Q2 24 | $108.8M | $-254.7M | ||
| Q1 24 | $97.2M | $-167.7M |
自由现金流PLAYPLUG
| Q4 25 | $-20.6M | $-153.0M | ||
| Q3 25 | $-55.2M | $-117.5M | ||
| Q2 25 | $-58.8M | $-230.4M | ||
| Q1 25 | $-61.0M | $-146.0M | ||
| Q4 24 | $-138.4M | $-165.2M | ||
| Q3 24 | $-14.3M | $-234.2M | ||
| Q2 24 | $-4.2M | $-356.0M | ||
| Q1 24 | $-25.4M | $-260.3M |
自由现金流率PLAYPLUG
| Q4 25 | -4.6% | -67.9% | ||
| Q3 25 | -9.9% | -66.4% | ||
| Q2 25 | -10.4% | -132.5% | ||
| Q1 25 | -11.4% | -109.2% | ||
| Q4 24 | -30.6% | -86.3% | ||
| Q3 24 | -2.6% | -134.8% | ||
| Q2 24 | -0.7% | -248.4% | ||
| Q1 24 | -4.2% | -216.5% |
资本支出强度PLAYPLUG
| Q4 25 | 17.5% | 1.9% | ||
| Q3 25 | 16.0% | 15.6% | ||
| Q2 25 | 27.2% | 22.2% | ||
| Q1 25 | 31.8% | 30.3% | ||
| Q4 24 | 29.0% | 17.7% | ||
| Q3 24 | 20.8% | 34.1% | ||
| Q2 24 | 19.2% | 70.7% | ||
| Q1 24 | 20.5% | 77.0% |
现金转化率PLAYPLUG
| Q4 25 | — | — | ||
| Q3 25 | 2.98× | — | ||
| Q2 25 | 4.41× | — | ||
| Q1 25 | 11.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.53× | — | ||
| Q2 24 | 2.63× | — | ||
| Q1 24 | 2.69× | — |
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
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
