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Dave & Buster's Entertainment, Inc.（PLAY）与PTC Inc.（PTC）财务数据对比。点击上方公司名可切换其他公司
PTC Inc.的季度营收约是Dave & Buster's Entertainment, Inc.的1.7倍（$774.3M vs $448.2M），PTC Inc.净利率更高（76.3% vs -9.4%，领先85.7%），PTC Inc.同比增速更快（21.7% vs -1.1%），PTC Inc.自由现金流更多（$318.0M vs $-20.6M），过去两年PTC Inc.的营收复合增速更高（22.2% 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。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
PLAY vs PTC — 直观对比
营收规模更大
PTC
是对方的1.7倍
$448.2M
营收增速更快
PTC
高出22.7%
-1.1%
净利率更高
PTC
高出85.7%
-9.4%
自由现金流更多
PTC
多$338.6M
$-20.6M
两年增速更快
PTC
近两年复合增速
-13.5%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $448.2M | $774.3M |
| 净利润 | $-42.1M | $590.7M |
| 毛利率 | 85.8% | 99.1% |
| 营业利润率 | -3.6% | 38.2% |
| 净利率 | -9.4% | 76.3% |
| 营收同比 | -1.1% | 21.7% |
| 净利润同比 | -28.7% | 141.2% |
| 每股收益（稀释后） | $-1.22 | $4.98 |
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PLAYPTC
| Q1 26 | — | $774.3M | ||
| Q4 25 | $448.2M | $685.8M | ||
| Q3 25 | $557.4M | $893.8M | ||
| Q2 25 | $567.7M | $643.9M | ||
| Q1 25 | $534.5M | $636.4M | ||
| Q4 24 | $453.0M | $565.1M | ||
| Q3 24 | $557.1M | $626.5M | ||
| Q2 24 | $588.1M | $518.6M |
净利润PLAYPTC
| Q1 26 | — | $590.7M | ||
| Q4 25 | $-42.1M | $166.5M | ||
| Q3 25 | $11.4M | $347.8M | ||
| Q2 25 | $21.7M | $141.3M | ||
| Q1 25 | $9.3M | $162.6M | ||
| Q4 24 | $-32.7M | $82.2M | ||
| Q3 24 | $40.3M | $126.5M | ||
| Q2 24 | $41.4M | $69.0M |
毛利率PLAYPTC
| Q1 26 | — | 99.1% | ||
| Q4 25 | 85.8% | 82.8% | ||
| Q3 25 | 86.3% | 86.9% | ||
| Q2 25 | 85.5% | 82.9% | ||
| Q1 25 | 85.5% | 83.3% | ||
| Q4 24 | 85.0% | 80.2% | ||
| Q3 24 | 85.3% | 82.0% | ||
| Q2 24 | 85.2% | 78.4% |
营业利润率PLAYPTC
| Q1 26 | — | 38.2% | ||
| Q4 25 | -3.6% | 32.2% | ||
| Q3 25 | 9.5% | 48.5% | ||
| Q2 25 | 11.1% | 32.6% | ||
| Q1 25 | 8.3% | 35.1% | ||
| Q4 24 | 1.4% | 20.4% | ||
| Q3 24 | 15.2% | 31.0% | ||
| Q2 24 | 14.5% | 18.5% |
净利率PLAYPTC
| Q1 26 | — | 76.3% | ||
| Q4 25 | -9.4% | 24.3% | ||
| Q3 25 | 2.0% | 38.9% | ||
| Q2 25 | 3.8% | 21.9% | ||
| Q1 25 | 1.7% | 25.6% | ||
| Q4 24 | -7.2% | 14.6% | ||
| Q3 24 | 7.2% | 20.2% | ||
| Q2 24 | 7.0% | 13.3% |
每股收益（稀释后）PLAYPTC
| Q1 26 | — | $4.98 | ||
| Q4 25 | $-1.22 | $1.39 | ||
| Q3 25 | $0.32 | $2.88 | ||
| Q2 25 | $0.62 | $1.17 | ||
| Q1 25 | $0.32 | $1.35 | ||
| Q4 24 | $-0.84 | $0.68 | ||
| Q3 24 | $0.99 | $1.05 | ||
| Q2 24 | $0.99 | $0.57 |
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 | $439.1M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $130.8M | $3.9B |
| 总资产 | $4.1B | $6.5B |
| 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PLAYPTC
| Q1 26 | — | $439.1M | ||
| Q4 25 | $13.6M | $209.7M | ||
| Q3 25 | $12.0M | $184.4M | ||
| Q2 25 | $11.9M | $199.3M | ||
| Q1 25 | $6.9M | $235.2M | ||
| Q4 24 | $8.6M | $196.3M | ||
| Q3 24 | $13.1M | $265.8M | ||
| Q2 24 | $32.1M | $247.7M |
总债务PLAYPTC
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.3B |
股东权益PLAYPTC
| Q1 26 | — | $3.9B | ||
| Q4 25 | $130.8M | $3.8B | ||
| Q3 25 | $166.2M | $3.8B | ||
| Q2 25 | $146.8M | $3.5B | ||
| Q1 25 | $145.8M | $3.4B | ||
| Q4 24 | $226.6M | $3.2B | ||
| Q3 24 | $284.4M | $3.2B | ||
| Q2 24 | $292.5M | $3.0B |
总资产PLAYPTC
| Q1 26 | — | $6.5B | ||
| Q4 25 | $4.1B | $6.4B | ||
| Q3 25 | $4.1B | $6.6B | ||
| Q2 25 | $4.1B | $6.2B | ||
| Q1 25 | $4.0B | $6.2B | ||
| Q4 24 | $3.9B | $6.1B | ||
| Q3 24 | $3.8B | $6.4B | ||
| Q2 24 | $3.8B | $6.1B |
负债/权益比PLAYPTC
| Q1 26 | — | — | ||
| Q4 25 | 12.17× | 0.31× | ||
| Q3 25 | 9.57× | 0.31× | ||
| Q2 25 | 10.98× | 0.34× | ||
| Q1 25 | 10.45× | 0.40× | ||
| Q4 24 | 6.58× | 0.32× | ||
| Q3 24 | 4.72× | 0.38× | ||
| Q2 24 | 4.58× | 0.43× |
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 | $320.9M |
| 自由现金流经营现金流 - 资本支出 | $-20.6M | $318.0M |
| 自由现金流率自由现金流/营收 | -4.6% | 41.1% |
| 资本支出强度资本支出/营收 | 17.5% | — |
| 现金转化率经营现金流/净利润 | — | 0.54× |
| 过去12个月自由现金流最近4个季度 | $-195.6M | $927.9M |
8季度趋势，按日历期对齐
经营现金流PLAYPTC
| Q1 26 | — | $320.9M | ||
| Q4 25 | $58.0M | $269.7M | ||
| Q3 25 | $34.0M | $104.0M | ||
| Q2 25 | $95.8M | $243.9M | ||
| Q1 25 | $108.9M | $281.3M | ||
| Q4 24 | $-7.2M | $238.4M | ||
| Q3 24 | $101.8M | $98.1M | ||
| Q2 24 | $108.8M | $213.8M |
自由现金流PLAYPTC
| Q1 26 | — | $318.0M | ||
| Q4 25 | $-20.6M | $267.4M | ||
| Q3 25 | $-55.2M | $100.5M | ||
| Q2 25 | $-58.8M | $242.0M | ||
| Q1 25 | $-61.0M | $278.5M | ||
| Q4 24 | $-138.4M | $235.7M | ||
| Q3 24 | $-14.3M | $93.6M | ||
| Q2 24 | $-4.2M | $212.2M |
自由现金流率PLAYPTC
| Q1 26 | — | 41.1% | ||
| Q4 25 | -4.6% | 39.0% | ||
| Q3 25 | -9.9% | 11.2% | ||
| Q2 25 | -10.4% | 37.6% | ||
| Q1 25 | -11.4% | 43.8% | ||
| Q4 24 | -30.6% | 41.7% | ||
| Q3 24 | -2.6% | 14.9% | ||
| Q2 24 | -0.7% | 40.9% |
资本支出强度PLAYPTC
| Q1 26 | — | — | ||
| Q4 25 | 17.5% | 0.3% | ||
| Q3 25 | 16.0% | 0.4% | ||
| Q2 25 | 27.2% | 0.3% | ||
| Q1 25 | 31.8% | 0.4% | ||
| Q4 24 | 29.0% | 0.5% | ||
| Q3 24 | 20.8% | 0.7% | ||
| Q2 24 | 19.2% | 0.3% |
现金转化率PLAYPTC
| Q1 26 | — | 0.54× | ||
| Q4 25 | — | 1.62× | ||
| Q3 25 | 2.98× | 0.30× | ||
| Q2 25 | 4.41× | 1.73× | ||
| Q1 25 | 11.71× | 1.73× | ||
| Q4 24 | — | 2.90× | ||
| Q3 24 | 2.53× | 0.78× | ||
| Q2 24 | 2.63× | 3.10× |
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% |
PTC
| Recurring revenue | $743.4M | 96% |
| Other | $24.0M | 3% |
| Perpetual license | $6.9M | 1% |
