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花花公子（PLBY）与WINMARK CORP（WINA）财务数据对比。点击上方公司名可切换其他公司
花花公子的季度营收约是WINMARK CORP的1.7倍（$34.9M vs $21.1M）。WINMARK CORP净利率更高（47.2% vs 10.3%，领先37.0%）。WINMARK CORP同比增速更快（7.9% vs 4.2%）。WINMARK CORP自由现金流更多（$8.5M vs $1.1M）。过去两年花花公子的营收复合增速更高（11.0% vs 2.4%）
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。
温马克公司是美国的二手商品零售特许经营商，总部位于明尼苏达州明尼阿波利斯，旗下运营五大零售品牌，专注于二手商品的收售业务。公司1988年由罗恩·奥尔森与杰弗里·达尔伯格创立，最初名为Play It Again Sports特许经营公司，1993年更名为Grow Biz国际并于同年上市。
PLBY vs WINA — 直观对比
营收规模更大
PLBY
是对方的1.7倍
$21.1M
营收增速更快
WINA
高出3.6%
4.2%
净利率更高
WINA
高出37.0%
10.3%
自由现金流更多
WINA
多$7.4M
$1.1M
两年增速更快
PLBY
近两年复合增速
2.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $34.9M | $21.1M |
| 净利润 | $3.6M | $10.0M |
| 毛利率 | 73.3% | — |
| 营业利润率 | 7.9% | 61.7% |
| 净利率 | 10.3% | 47.2% |
| 营收同比 | 4.2% | 7.9% |
| 净利润同比 | 128.6% | 3.9% |
| 每股收益（稀释后） | $0.05 | $2.68 |
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PLBYWINA
| Q4 25 | $34.9M | $21.1M | ||
| Q3 25 | $29.0M | $22.6M | ||
| Q2 25 | $28.1M | $20.4M | ||
| Q1 25 | $28.9M | $21.9M | ||
| Q4 24 | $33.5M | $19.5M | ||
| Q3 24 | $29.4M | $21.5M | ||
| Q2 24 | $24.9M | $20.1M | ||
| Q1 24 | $28.3M | $20.1M |
净利润PLBYWINA
| Q4 25 | $3.6M | $10.0M | ||
| Q3 25 | $460.0K | $11.1M | ||
| Q2 25 | $-7.7M | $10.6M | ||
| Q1 25 | $-9.0M | $10.0M | ||
| Q4 24 | $-12.5M | $9.6M | ||
| Q3 24 | $-33.8M | $11.1M | ||
| Q2 24 | $-16.7M | $10.4M | ||
| Q1 24 | $-16.4M | $8.8M |
毛利率PLBYWINA
| 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% | — | ||
| Q1 24 | 55.8% | — |
营业利润率PLBYWINA
| Q4 25 | 7.9% | 61.7% | ||
| Q3 25 | 4.7% | 65.9% | ||
| Q2 25 | -20.9% | 64.0% | ||
| Q1 25 | -21.7% | 62.0% | ||
| Q4 24 | -13.3% | 65.3% | ||
| Q3 24 | -96.0% | 69.4% | ||
| Q2 24 | -37.0% | 64.7% | ||
| Q1 24 | -31.5% | 60.8% |
净利率PLBYWINA
| Q4 25 | 10.3% | 47.2% | ||
| Q3 25 | 1.6% | 49.2% | ||
| Q2 25 | -27.3% | 51.9% | ||
| Q1 25 | -31.3% | 45.4% | ||
| Q4 24 | -37.4% | 49.0% | ||
| Q3 24 | -114.7% | 51.7% | ||
| Q2 24 | -66.9% | 51.8% | ||
| Q1 24 | -58.1% | 43.9% |
每股收益（稀释后）PLBYWINA
| Q4 25 | $0.05 | $2.68 | ||
| Q3 25 | $0.00 | $3.02 | ||
| Q2 25 | $-0.08 | $2.89 | ||
| Q1 25 | $-0.10 | $2.71 | ||
| Q4 24 | $-0.13 | $2.60 | ||
| Q3 24 | $-0.45 | $3.03 | ||
| Q2 24 | $-0.23 | $2.85 | ||
| Q1 24 | $-0.23 | $2.41 |
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 | $10.3M |
| 总债务越低越好 | $174.2M | — |
| 股东权益账面价值 | $18.4M | $-53.7M |
| 总资产 | $292.4M | $24.9M |
| 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PLBYWINA
| Q4 25 | $37.8M | $10.3M | ||
| Q3 25 | $27.5M | $39.7M | ||
| Q2 25 | $19.6M | $28.8M | ||
| Q1 25 | $23.7M | $21.8M | ||
| Q4 24 | $30.9M | $12.2M | ||
| Q3 24 | $9.5M | $37.2M | ||
| Q2 24 | $16.9M | $29.4M | ||
| Q1 24 | $19.0M | $22.9M |
总债务PLBYWINA
| 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 | — | ||
| Q1 24 | $193.4M | — |
股东权益PLBYWINA
| Q4 25 | $18.4M | $-53.7M | ||
| Q3 25 | $3.8M | $-26.3M | ||
| Q2 25 | $-17.5M | $-36.8M | ||
| Q1 25 | $-11.4M | $-45.9M | ||
| Q4 24 | $-7.7M | $-51.0M | ||
| Q3 24 | $-15.7M | $-33.7M | ||
| Q2 24 | $15.7M | $-42.2M | ||
| Q1 24 | $29.5M | $-52.6M |
总资产PLBYWINA
| Q4 25 | $292.4M | $24.9M | ||
| Q3 25 | $278.3M | $53.7M | ||
| Q2 25 | $264.1M | $43.2M | ||
| Q1 25 | $270.6M | $37.1M | ||
| Q4 24 | $284.7M | $26.8M | ||
| Q3 24 | $271.5M | $52.0M | ||
| Q2 24 | $301.8M | $44.7M | ||
| Q1 24 | $309.1M | $38.3M |
负债/权益比PLBYWINA
| Q4 25 | 9.48× | — | ||
| Q3 25 | 46.86× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 12.51× | — | ||
| Q1 24 | 6.54× | — |
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 | $8.5M |
| 自由现金流经营现金流 - 资本支出 | $1.1M | $8.5M |
| 自由现金流率自由现金流/营收 | 3.2% | 40.3% |
| 资本支出强度资本支出/营收 | 0.8% | 0.1% |
| 现金转化率经营现金流/净利润 | 0.39× | 0.86× |
| 过去12个月自由现金流最近4个季度 | $-1.0M | $44.7M |
8季度趋势，按日历期对齐
经营现金流PLBYWINA
| Q4 25 | $1.4M | $8.5M | ||
| Q3 25 | $10.1M | $12.3M | ||
| Q2 25 | $-3.9M | $9.0M | ||
| Q1 25 | $-7.6M | $15.1M | ||
| Q4 24 | $161.0K | $8.5M | ||
| Q3 24 | $-6.5M | $12.1M | ||
| Q2 24 | $-3.0M | $8.2M | ||
| Q1 24 | $-9.8M | $13.4M |
自由现金流PLBYWINA
| Q4 25 | $1.1M | $8.5M | ||
| Q3 25 | $9.8M | $12.2M | ||
| Q2 25 | $-4.3M | $9.0M | ||
| Q1 25 | $-7.7M | $15.0M | ||
| Q4 24 | $-401.0K | — | ||
| Q3 24 | $-7.0M | $12.1M | ||
| Q2 24 | $-3.7M | $8.1M | ||
| Q1 24 | $-10.3M | $13.3M |
自由现金流率PLBYWINA
| Q4 25 | 3.2% | 40.3% | ||
| Q3 25 | 33.8% | 53.8% | ||
| Q2 25 | -15.2% | 44.0% | ||
| Q1 25 | -26.5% | 68.6% | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | -23.7% | 56.3% | ||
| Q2 24 | -14.8% | 40.4% | ||
| Q1 24 | -36.5% | 66.0% |
资本支出强度PLBYWINA
| Q4 25 | 0.8% | 0.1% | ||
| Q3 25 | 1.1% | 0.3% | ||
| Q2 25 | 1.4% | 0.3% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 1.7% | 0.0% | ||
| Q3 24 | 1.5% | 0.0% | ||
| Q2 24 | 2.6% | 0.5% | ||
| Q1 24 | 2.1% | 0.4% |
现金转化率PLBYWINA
| Q4 25 | 0.39× | 0.86× | ||
| Q3 25 | 22.02× | 1.10× | ||
| Q2 25 | — | 0.85× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 1.52× |
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% |
WINA
暂无分部数据
