vs
花花公子（PLBY）与合众银行（WASH）财务数据对比。点击上方公司名可切换其他公司
合众银行的季度营收约是花花公子的1.7倍（$57.8M vs $34.9M），合众银行净利率更高（21.8% vs 10.3%，领先11.5%），过去两年花花公子的营收复合增速更高（11.0% vs 9.5%）
花花公子集团（Playboy, Inc.）起源于1953年由休·海夫纳联合合伙人在美国芝加哥创立，初始部分资金来自海夫纳母亲提供的1000美元贷款，是美国知名生活方式与娱乐内容品牌，旗下核心《花花公子》杂志同时发行电子版与纸质版。
美国合众银行是一家美国跨国金融机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年，该银行为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构。它主营银行、投资、抵押贷款等多元金融业务。
PLBY vs WASH — 直观对比
营收规模更大
WASH
是对方的1.7倍
$34.9M
净利率更高
WASH
高出11.5%
10.3%
两年增速更快
PLBY
近两年复合增速
9.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $34.9M | $57.8M |
| 净利润 | $3.6M | $12.6M |
| 毛利率 | 73.3% | — |
| 营业利润率 | 7.9% | — |
| 净利率 | 10.3% | 21.8% |
| 营收同比 | 4.2% | — |
| 净利润同比 | 128.6% | 3.5% |
| 每股收益（稀释后） | $0.05 | $0.66 |
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PLBYWASH
| Q1 26 | — | $57.8M | ||
| Q4 25 | $34.9M | $59.3M | ||
| Q3 25 | $29.0M | $56.5M | ||
| Q2 25 | $28.1M | $54.3M | ||
| Q1 25 | $28.9M | $59.1M | ||
| Q4 24 | $33.5M | $12.4M | ||
| Q3 24 | $29.4M | $48.5M | ||
| Q2 24 | $24.9M | $48.2M |
净利润PLBYWASH
| Q1 26 | — | $12.6M | ||
| Q4 25 | $3.6M | $16.0M | ||
| Q3 25 | $460.0K | $10.8M | ||
| Q2 25 | $-7.7M | $13.2M | ||
| Q1 25 | $-9.0M | $12.2M | ||
| Q4 24 | $-12.5M | $-60.8M | ||
| Q3 24 | $-33.8M | $11.0M | ||
| Q2 24 | $-16.7M | $10.8M |
毛利率PLBYWASH
| Q1 26 | — | — | ||
| Q4 25 | 73.3% | — | ||
| Q3 25 | 76.0% | — | ||
| Q2 25 | 65.4% | — | ||
| Q1 25 | 68.6% | — | ||
| Q4 24 | 70.8% | — | ||
| Q3 24 | 61.0% | — | ||
| Q2 24 | 67.8% | — |
营业利润率PLBYWASH
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 34.9% | ||
| Q3 25 | 4.7% | 24.7% | ||
| Q2 25 | -20.9% | 31.6% | ||
| Q1 25 | -21.7% | 26.5% | ||
| Q4 24 | -13.3% | -648.7% | ||
| Q3 24 | -96.0% | 28.5% | ||
| Q2 24 | -37.0% | 28.7% |
净利率PLBYWASH
| Q1 26 | — | 21.8% | ||
| Q4 25 | 10.3% | 27.0% | ||
| Q3 25 | 1.6% | 19.2% | ||
| Q2 25 | -27.3% | 24.4% | ||
| Q1 25 | -31.3% | 20.6% | ||
| Q4 24 | -37.4% | -491.4% | ||
| Q3 24 | -114.7% | 22.6% | ||
| Q2 24 | -66.9% | 22.4% |
每股收益（稀释后）PLBYWASH
| Q1 26 | — | $0.66 | ||
| Q4 25 | $0.05 | $0.84 | ||
| Q3 25 | $0.00 | $0.56 | ||
| Q2 25 | $-0.08 | $0.68 | ||
| Q1 25 | $-0.10 | $0.63 | ||
| Q4 24 | $-0.13 | $-3.54 | ||
| Q3 24 | $-0.45 | $0.64 | ||
| Q2 24 | $-0.23 | $0.63 |
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 | $37.8M | $12.3M |
| 总债务越低越好 | $174.2M | — |
| 股东权益账面价值 | $18.4M | $546.8M |
| 总资产 | $292.4M | $6.5B |
| 负债/权益比越低杠杆越低 | 9.48× | — |
8季度趋势，按日历期对齐
现金及短期投资PLBYWASH
| Q1 26 | — | $12.3M | ||
| Q4 25 | $37.8M | — | ||
| Q3 25 | $27.5M | — | ||
| Q2 25 | $19.6M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $30.9M | — | ||
| Q3 24 | $9.5M | — | ||
| Q2 24 | $16.9M | — |
总债务PLBYWASH
| Q1 26 | — | — | ||
| Q4 25 | $174.2M | — | ||
| Q3 25 | $176.8M | — | ||
| Q2 25 | $177.5M | — | ||
| Q1 25 | $176.3M | — | ||
| Q4 24 | $176.6M | — | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $196.3M | — |
股东权益PLBYWASH
| Q1 26 | — | $546.8M | ||
| Q4 25 | $18.4M | $543.6M | ||
| Q3 25 | $3.8M | $533.0M | ||
| Q2 25 | $-17.5M | $527.5M | ||
| Q1 25 | $-11.4M | $521.7M | ||
| Q4 24 | $-7.7M | $499.7M | ||
| Q3 24 | $-15.7M | $502.2M | ||
| Q2 24 | $15.7M | $471.0M |
总资产PLBYWASH
| Q1 26 | — | $6.5B | ||
| Q4 25 | $292.4M | $6.6B | ||
| Q3 25 | $278.3M | $6.7B | ||
| Q2 25 | $264.1M | $6.7B | ||
| Q1 25 | $270.6M | $6.6B | ||
| Q4 24 | $284.7M | $6.9B | ||
| Q3 24 | $271.5M | $7.1B | ||
| Q2 24 | $301.8M | $7.2B |
负债/权益比PLBYWASH
| Q1 26 | — | — | ||
| Q4 25 | 9.48× | — | ||
| Q3 25 | 46.86× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 12.51× | — |
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 | $1.4M | — |
| 自由现金流经营现金流 - 资本支出 | $1.1M | — |
| 自由现金流率自由现金流/营收 | 3.2% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 0.39× | — |
| 过去12个月自由现金流最近4个季度 | $-1.0M | — |
8季度趋势，按日历期对齐
经营现金流PLBYWASH
| Q1 26 | — | — | ||
| Q4 25 | $1.4M | $80.3M | ||
| Q3 25 | $10.1M | $39.6M | ||
| Q2 25 | $-3.9M | $11.3M | ||
| Q1 25 | $-7.6M | $8.4M | ||
| Q4 24 | $161.0K | $57.7M | ||
| Q3 24 | $-6.5M | $25.7M | ||
| Q2 24 | $-3.0M | $11.2M |
自由现金流PLBYWASH
| Q1 26 | — | — | ||
| Q4 25 | $1.1M | $78.3M | ||
| Q3 25 | $9.8M | $39.3M | ||
| Q2 25 | $-4.3M | $10.9M | ||
| Q1 25 | $-7.7M | $8.4M | ||
| Q4 24 | $-401.0K | $53.7M | ||
| Q3 24 | $-7.0M | $24.4M | ||
| Q2 24 | $-3.7M | $9.6M |
自由现金流率PLBYWASH
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 132.2% | ||
| Q3 25 | 33.8% | 69.6% | ||
| Q2 25 | -15.2% | 20.2% | ||
| Q1 25 | -26.5% | 14.2% | ||
| Q4 24 | -1.2% | 433.8% | ||
| Q3 24 | -23.7% | 50.4% | ||
| Q2 24 | -14.8% | 19.8% |
资本支出强度PLBYWASH
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 3.4% | ||
| Q3 25 | 1.1% | 0.6% | ||
| Q2 25 | 1.4% | 0.7% | ||
| Q1 25 | 0.1% | 0.1% | ||
| Q4 24 | 1.7% | 32.3% | ||
| Q3 24 | 1.5% | 2.6% | ||
| Q2 24 | 2.6% | 3.4% |
现金转化率PLBYWASH
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | 5.03× | ||
| Q3 25 | 22.02× | 3.65× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | — | 1.03× |
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
PLBY
| Transferred At Point In Time | $22.2M | 64% |
| Trademark Licensing | $6.5M | 19% |
| Related Party | $5.0M | 14% |
| Other | $1.1M | 3% |
WASH
| Net Interest Income | $40.5M | 70% |
| Noninterest Income | $17.3M | 30% |
