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波丽佳音（PONY）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
帕森斯公司的季度营收约是波丽佳音的772.0倍（$1.6B vs $2.1M）。帕森斯公司净利率更高（3.5% vs -284.8%，领先288.2%）
波丽佳音是日本知名文娱企业，隶属于富士产经传媒集团，成立于1966年10月1日。公司业务涵盖音乐发行、影视、家用影像及电子游戏领域，是日本音乐行业的头部企业之一，旗下艺人作品常登顶日本本土销量榜，同时还发行艺人演唱会录像及大量动画作品。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
PONY vs PSN — 直观对比
营收规模更大
PSN
是对方的772.0倍
$2.1M
净利率更高
PSN
高出288.2%
-284.8%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1M | $1.6B |
| 净利润 | $-5.9M | $55.6M |
| 毛利率 | 9.2% | 23.0% |
| 营业利润率 | -275.3% | 6.6% |
| 净利率 | -284.8% | 3.5% |
| 营收同比 | — | -7.5% |
| 净利润同比 | — | -72.4% |
| 每股收益（稀释后） | $-3.51 | $0.51 |
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PONYPSN
| Q4 25 | — | $1.6B | ||
| Q3 25 | $2.1M | $1.6B | ||
| Q2 25 | $1.7M | $1.6B | ||
| Q1 25 | $1.9M | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.5B |
净利润PONYPSN
| Q4 25 | — | $55.6M | ||
| Q3 25 | $-5.9M | $64.1M | ||
| Q2 25 | $-4.3M | $55.2M | ||
| Q1 25 | $-5.2M | $66.2M | ||
| Q4 24 | — | $201.3M | ||
| Q3 24 | — | $72.0M | ||
| Q2 24 | — | $69.2M | ||
| Q1 24 | — | $-107.4M |
毛利率PONYPSN
| Q4 25 | — | 23.0% | ||
| Q3 25 | 9.2% | 22.2% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | 16.6% | 22.8% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 21.2% |
营业利润率PONYPSN
| Q4 25 | — | 6.6% | ||
| Q3 25 | -275.3% | 6.7% | ||
| Q2 25 | -303.4% | 6.0% | ||
| Q1 25 | -400.9% | 7.0% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 6.7% | ||
| Q1 24 | — | 6.6% |
净利率PONYPSN
| Q4 25 | — | 3.5% | ||
| Q3 25 | -284.8% | 4.0% | ||
| Q2 25 | -253.7% | 3.5% | ||
| Q1 25 | -267.4% | 4.3% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | -7.0% |
每股收益（稀释后）PONYPSN
| Q4 25 | — | $0.51 | ||
| Q3 25 | $-3.51 | $0.59 | ||
| Q2 25 | $-0.92 | $0.50 | ||
| Q1 25 | $-0.12 | $0.60 | ||
| Q4 24 | — | $1.85 | ||
| Q3 24 | — | $0.65 | ||
| Q2 24 | — | $0.63 | ||
| Q1 24 | — | $-1.01 |
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 | $62.5M | $466.4M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $114.1M | $2.6B |
| 总资产 | $126.5M | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资PONYPSN
| Q4 25 | — | $466.4M | ||
| Q3 25 | $62.5M | $422.6M | ||
| Q2 25 | $84.9M | $411.3M | ||
| Q1 25 | $86.8M | $269.7M | ||
| Q4 24 | — | $453.5M | ||
| Q3 24 | — | $558.8M | ||
| Q2 24 | — | $528.5M | ||
| Q1 24 | — | $423.1M |
总债务PONYPSN
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $785.2M | ||
| Q4 24 | — | $784.1M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益PONYPSN
| Q4 25 | — | $2.6B | ||
| Q3 25 | $114.1M | $2.6B | ||
| Q2 25 | $120.6M | $2.5B | ||
| Q1 25 | $126.4M | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B |
总资产PONYPSN
| Q4 25 | — | $5.8B | ||
| Q3 25 | $126.5M | $5.7B | ||
| Q2 25 | $138.3M | $5.7B | ||
| Q1 25 | $134.0M | $5.4B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | — | $5.2B | ||
| Q1 24 | — | $5.1B |
负债/权益比PONYPSN
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | 0.58× |
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 | $-2.9M | $167.5M |
| 自由现金流经营现金流 - 资本支出 | — | $135.6M |
| 自由现金流率自由现金流/营收 | — | 8.5% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | — | 3.01× |
| 过去12个月自由现金流最近4个季度 | — | $410.4M |
8季度趋势，按日历期对齐
经营现金流PONYPSN
| Q4 25 | — | $167.5M | ||
| Q3 25 | $-2.9M | $162.8M | ||
| Q2 25 | $-2.5M | $159.8M | ||
| Q1 25 | $-7.5M | $-11.8M | ||
| Q4 24 | — | $126.8M | ||
| Q3 24 | — | $299.0M | ||
| Q2 24 | — | $161.2M | ||
| Q1 24 | — | $-63.4M |
自由现金流PONYPSN
| Q4 25 | — | $135.6M | ||
| Q3 25 | — | $149.7M | ||
| Q2 25 | — | $150.4M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $108.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $152.0M | ||
| Q1 24 | — | $-72.9M |
自由现金流率PONYPSN
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | -1.6% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | -4.7% |
资本支出强度PONYPSN
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.6% |
现金转化率PONYPSN
| Q4 25 | — | 3.01× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 2.89× | ||
| Q1 25 | — | -0.18× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 4.16× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | — | — |
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
PONY
暂无分部数据
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
