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Dave & Buster's Entertainment, Inc.（PLAY）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
Dave & Buster's Entertainment, Inc.的季度营收约是Waystar Holding Corp.的1.4倍（$448.2M vs $313.9M），Waystar Holding Corp.净利率更高（13.8% vs -9.4%，领先23.2%），Waystar Holding Corp.同比增速更快（22.4% vs -1.1%），Waystar Holding Corp.自由现金流更多（$90.3M vs $-20.6M），过去两年Waystar Holding Corp.的营收复合增速更高（15.7% 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。
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。
PLAY vs WAY — 直观对比
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $448.2M | $313.9M |
| 净利润 | $-42.1M | $43.3M |
| 毛利率 | 85.8% | — |
| 营业利润率 | -3.6% | 25.6% |
| 净利率 | -9.4% | 13.8% |
| 营收同比 | -1.1% | 22.4% |
| 净利润同比 | -28.7% | 47.9% |
| 每股收益（稀释后） | $-1.22 | $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
| Q1 26 | — | $313.9M | ||
| Q4 25 | $448.2M | $303.5M | ||
| Q3 25 | $557.4M | $268.7M | ||
| Q2 25 | $567.7M | $270.7M | ||
| Q1 25 | $534.5M | $256.4M | ||
| Q4 24 | $453.0M | $244.1M | ||
| Q3 24 | $557.1M | $240.1M | ||
| Q2 24 | $588.1M | $234.5M |
| Q1 26 | — | $43.3M | ||
| Q4 25 | $-42.1M | $20.0M | ||
| Q3 25 | $11.4M | $30.6M | ||
| Q2 25 | $21.7M | $32.2M | ||
| Q1 25 | $9.3M | $29.3M | ||
| Q4 24 | $-32.7M | $19.1M | ||
| Q3 24 | $40.3M | $5.4M | ||
| Q2 24 | $41.4M | $-27.7M |
| Q1 26 | — | — | ||
| Q4 25 | 85.8% | — | ||
| Q3 25 | 86.3% | — | ||
| Q2 25 | 85.5% | — | ||
| Q1 25 | 85.5% | — | ||
| Q4 24 | 85.0% | — | ||
| Q3 24 | 85.3% | — | ||
| Q2 24 | 85.2% | — |
| Q1 26 | — | 25.6% | ||
| Q4 25 | -3.6% | 19.4% | ||
| Q3 25 | 9.5% | 22.4% | ||
| Q2 25 | 11.1% | 24.0% | ||
| Q1 25 | 8.3% | 25.4% | ||
| Q4 24 | 1.4% | 21.8% | ||
| Q3 24 | 15.2% | 11.3% | ||
| Q2 24 | 14.5% | 3.5% |
| Q1 26 | — | 13.8% | ||
| Q4 25 | -9.4% | 6.6% | ||
| Q3 25 | 2.0% | 11.4% | ||
| Q2 25 | 3.8% | 11.9% | ||
| Q1 25 | 1.7% | 11.4% | ||
| Q4 24 | -7.2% | 7.8% | ||
| Q3 24 | 7.2% | 2.3% | ||
| Q2 24 | 7.0% | -11.8% |
| Q1 26 | — | $0.42 | ||
| Q4 25 | $-1.22 | $0.10 | ||
| Q3 25 | $0.32 | $0.17 | ||
| Q2 25 | $0.62 | $0.18 | ||
| Q1 25 | $0.32 | $0.16 | ||
| Q4 24 | $-0.84 | $0.18 | ||
| Q3 24 | $0.99 | $0.03 | ||
| Q2 24 | $0.99 | $-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 | $13.6M | $34.3M |
| 总债务越低越好 | $1.6B | $13.5M |
| 股东权益账面价值 | $130.8M | $3.9B |
| 总资产 | $4.1B | $5.8B |
| 负债/权益比越低杠杆越低 | 12.17× | 0.00× |
8季度趋势，按日历期对齐
| Q1 26 | — | $34.3M | ||
| Q4 25 | $13.6M | $61.4M | ||
| Q3 25 | $12.0M | $421.1M | ||
| Q2 25 | $11.9M | $290.3M | ||
| Q1 25 | $6.9M | $224.0M | ||
| Q4 24 | $8.6M | $182.1M | ||
| Q3 24 | $13.1M | $127.1M | ||
| Q2 24 | $32.1M | $68.4M |
| Q1 26 | — | $13.5M | ||
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $130.8M | $3.9B | ||
| Q3 25 | $166.2M | $3.2B | ||
| Q2 25 | $146.8M | $3.2B | ||
| Q1 25 | $145.8M | $3.1B | ||
| Q4 24 | $226.6M | $3.1B | ||
| Q3 24 | $284.4M | $3.1B | ||
| Q2 24 | $292.5M | $2.9B |
| Q1 26 | — | $5.8B | ||
| Q4 25 | $4.1B | $5.8B | ||
| Q3 25 | $4.1B | $4.7B | ||
| Q2 25 | $4.1B | $4.7B | ||
| Q1 25 | $4.0B | $4.6B | ||
| Q4 24 | $3.9B | $4.6B | ||
| Q3 24 | $3.8B | $4.5B | ||
| Q2 24 | $3.8B | $4.6B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 12.17× | 0.38× | ||
| Q3 25 | 9.57× | — | ||
| Q2 25 | 10.98× | — | ||
| Q1 25 | 10.45× | — | ||
| Q4 24 | 6.58× | 0.40× | ||
| Q3 24 | 4.72× | — | ||
| Q2 24 | 4.58× | — |
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 | $84.9M |
| 自由现金流经营现金流 - 资本支出 | $-20.6M | $90.3M |
| 自由现金流率自由现金流/营收 | -4.6% | 28.8% |
| 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 | — | 1.96× |
| 过去12个月自由现金流最近4个季度 | $-195.6M | $314.6M |
8季度趋势，按日历期对齐
| Q1 26 | — | $84.9M | ||
| Q4 25 | $58.0M | $66.6M | ||
| Q3 25 | $34.0M | $82.0M | ||
| Q2 25 | $95.8M | $96.8M | ||
| Q1 25 | $108.9M | $64.2M | ||
| Q4 24 | $-7.2M | — | ||
| Q3 24 | $101.8M | $78.8M | ||
| Q2 24 | $108.8M | $15.4M |
| Q1 26 | — | $90.3M | ||
| Q4 25 | $-20.6M | $57.2M | ||
| Q3 25 | $-55.2M | $76.2M | ||
| Q2 25 | $-58.8M | $91.0M | ||
| Q1 25 | $-61.0M | $58.8M | ||
| Q4 24 | $-138.4M | — | ||
| Q3 24 | $-14.3M | $70.2M | ||
| Q2 24 | $-4.2M | $8.6M |
| Q1 26 | — | 28.8% | ||
| Q4 25 | -4.6% | 18.9% | ||
| Q3 25 | -9.9% | 28.3% | ||
| Q2 25 | -10.4% | 33.6% | ||
| Q1 25 | -11.4% | 22.9% | ||
| Q4 24 | -30.6% | — | ||
| Q3 24 | -2.6% | 29.2% | ||
| Q2 24 | -0.7% | 3.7% |
| Q1 26 | — | — | ||
| Q4 25 | 17.5% | 3.1% | ||
| Q3 25 | 16.0% | 2.2% | ||
| Q2 25 | 27.2% | 2.1% | ||
| Q1 25 | 31.8% | 2.1% | ||
| Q4 24 | 29.0% | — | ||
| Q3 24 | 20.8% | 3.6% | ||
| Q2 24 | 19.2% | 2.9% |
| Q1 26 | — | 1.96× | ||
| Q4 25 | — | 3.33× | ||
| Q3 25 | 2.98× | 2.68× | ||
| Q2 25 | 4.41× | 3.01× | ||
| Q1 25 | 11.71× | 2.20× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.53× | 14.56× | ||
| Q2 24 | 2.63× | — |
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% |
WAY
| Subscription | $172.2M | 55% |
| Volume-based | $139.5M | 44% |
