vs
PTC Inc.（PTC）与TKO Group Holdings（TKO）财务数据对比。点击上方公司名可切换其他公司
TKO Group Holdings的季度营收约是PTC Inc.的1.5倍（$1.0B vs $685.8M），PTC Inc.净利率更高（24.3% vs -0.2%，领先24.5%），TKO Group Holdings同比增速更快（61.6% vs 21.4%），过去两年TKO Group Holdings的营收复合增速更高（28.4% vs 6.6%）
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。
TKO Group Holdings是美国体育及体育娱乐上市企业，成立于2023年9月12日，由奋进集团（Endeavor）子公司、终极格斗冠军赛（UFC）母公司Zuffa与职业摔跤品牌世界摔角娱乐（WWE）合并组建，主营综合格斗、职业摔跤赛事运营及相关娱乐内容业务。
PTC vs TKO — 直观对比
营收规模更大
TKO
是对方的1.5倍
$685.8M
营收增速更快
TKO
高出40.3%
21.4%
净利率更高
PTC
高出24.5%
-0.2%
两年增速更快
TKO
近两年复合增速
6.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $685.8M | $1.0B |
| 净利润 | $166.5M | $-2.4M |
| 毛利率 | 82.8% | — |
| 营业利润率 | 32.2% | 5.5% |
| 净利率 | 24.3% | -0.2% |
| 营收同比 | 21.4% | 61.6% |
| 净利润同比 | 102.5% | -107.7% |
| 每股收益（稀释后） | $1.39 | $-0.07 |
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PTCTKO
| Q4 25 | $685.8M | $1.0B | ||
| Q3 25 | $893.8M | $1.1B | ||
| Q2 25 | $643.9M | $1.3B | ||
| Q1 25 | $636.4M | $1.3B | ||
| Q4 24 | $565.1M | $642.2M | ||
| Q3 24 | $626.5M | $681.3M | ||
| Q2 24 | $518.6M | $851.2M | ||
| Q1 24 | $603.1M | $629.7M |
净利润PTCTKO
| Q4 25 | $166.5M | $-2.4M | ||
| Q3 25 | $347.8M | $41.0M | ||
| Q2 25 | $141.3M | $98.4M | ||
| Q1 25 | $162.6M | $58.4M | ||
| Q4 24 | $82.2M | $31.0M | ||
| Q3 24 | $126.5M | $23.1M | ||
| Q2 24 | $69.0M | $59.1M | ||
| Q1 24 | $114.4M | $-103.8M |
毛利率PTCTKO
| Q4 25 | 82.8% | — | ||
| Q3 25 | 86.9% | — | ||
| Q2 25 | 82.9% | — | ||
| Q1 25 | 83.3% | — | ||
| Q4 24 | 80.2% | — | ||
| Q3 24 | 82.0% | — | ||
| Q2 24 | 78.4% | — | ||
| Q1 24 | 81.8% | — |
营业利润率PTCTKO
| Q4 25 | 32.2% | 5.5% | ||
| Q3 25 | 48.5% | 15.4% | ||
| Q2 25 | 32.6% | 28.1% | ||
| Q1 25 | 35.1% | 18.7% | ||
| Q4 24 | 20.4% | 15.9% | ||
| Q3 24 | 31.0% | 20.0% | ||
| Q2 24 | 18.5% | 30.0% | ||
| Q1 24 | 29.8% | -33.4% |
净利率PTCTKO
| Q4 25 | 24.3% | -0.2% | ||
| Q3 25 | 38.9% | 3.7% | ||
| Q2 25 | 21.9% | 7.5% | ||
| Q1 25 | 25.6% | 4.6% | ||
| Q4 24 | 14.6% | 4.8% | ||
| Q3 24 | 20.2% | 3.4% | ||
| Q2 24 | 13.3% | 6.9% | ||
| Q1 24 | 19.0% | -16.5% |
每股收益（稀释后）PTCTKO
| Q4 25 | $1.39 | $-0.07 | ||
| Q3 25 | $2.88 | $0.47 | ||
| Q2 25 | $1.17 | $1.17 | ||
| Q1 25 | $1.35 | $0.69 | ||
| Q4 24 | $0.68 | $0.28 | ||
| Q3 24 | $1.05 | $0.28 | ||
| Q2 24 | $0.57 | $0.72 | ||
| Q1 24 | $0.95 | $-1.26 |
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 | $209.7M | $831.1M |
| 总债务越低越好 | $1.2B | $3.8B |
| 股东权益账面价值 | $3.8B | $3.7B |
| 总资产 | $6.4B | $15.5B |
| 负债/权益比越低杠杆越低 | 0.31× | 1.01× |
8季度趋势，按日历期对齐
现金及短期投资PTCTKO
| Q4 25 | $209.7M | $831.1M | ||
| Q3 25 | $184.4M | $861.4M | ||
| Q2 25 | $199.3M | $535.1M | ||
| Q1 25 | $235.2M | $470.9M | ||
| Q4 24 | $196.3M | $525.6M | ||
| Q3 24 | $265.8M | $457.4M | ||
| Q2 24 | $247.7M | $277.5M | ||
| Q1 24 | $249.0M | $245.8M |
总债务PTCTKO
| Q4 25 | $1.2B | $3.8B | ||
| Q3 25 | $1.2B | $3.7B | ||
| Q2 25 | $1.2B | $2.7B | ||
| Q1 25 | $1.4B | $2.8B | ||
| Q4 24 | $1.0B | $2.8B | ||
| Q3 24 | $1.2B | $2.7B | ||
| Q2 24 | $1.3B | $2.7B | ||
| Q1 24 | $1.5B | $2.7B |
股东权益PTCTKO
| Q4 25 | $3.8B | $3.7B | ||
| Q3 25 | $3.8B | $3.8B | ||
| Q2 25 | $3.5B | $4.3B | ||
| Q1 25 | $3.4B | $4.2B | ||
| Q4 24 | $3.2B | $4.1B | ||
| Q3 24 | $3.2B | $4.0B | ||
| Q2 24 | $3.0B | $4.0B | ||
| Q1 24 | $2.9B | $4.0B |
总资产PTCTKO
| Q4 25 | $6.4B | $15.5B | ||
| Q3 25 | $6.6B | $15.5B | ||
| Q2 25 | $6.2B | $15.3B | ||
| Q1 25 | $6.2B | $15.0B | ||
| Q4 24 | $6.1B | $12.7B | ||
| Q3 24 | $6.4B | $12.8B | ||
| Q2 24 | $6.1B | $12.7B | ||
| Q1 24 | $6.2B | $12.7B |
负债/权益比PTCTKO
| Q4 25 | 0.31× | 1.01× | ||
| Q3 25 | 0.31× | 0.98× | ||
| Q2 25 | 0.34× | 0.64× | ||
| Q1 25 | 0.40× | 0.66× | ||
| Q4 24 | 0.32× | 0.67× | ||
| Q3 24 | 0.38× | 0.67× | ||
| Q2 24 | 0.43× | 0.68× | ||
| Q1 24 | 0.51× | 0.68× |
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 | $269.7M | $309.9M |
| 自由现金流经营现金流 - 资本支出 | $267.4M | — |
| 自由现金流率自由现金流/营收 | 39.0% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 1.62× | — |
| 过去12个月自由现金流最近4个季度 | $888.4M | — |
8季度趋势，按日历期对齐
经营现金流PTCTKO
| Q4 25 | $269.7M | $309.9M | ||
| Q3 25 | $104.0M | $416.8M | ||
| Q2 25 | $243.9M | $396.2M | ||
| Q1 25 | $281.3M | $162.8M | ||
| Q4 24 | $238.4M | $56.8M | ||
| Q3 24 | $98.1M | $236.5M | ||
| Q2 24 | $213.8M | $230.7M | ||
| Q1 24 | $250.7M | $59.3M |
自由现金流PTCTKO
| Q4 25 | $267.4M | — | ||
| Q3 25 | $100.5M | — | ||
| Q2 25 | $242.0M | — | ||
| Q1 25 | $278.5M | — | ||
| Q4 24 | $235.7M | — | ||
| Q3 24 | $93.6M | — | ||
| Q2 24 | $212.2M | — | ||
| Q1 24 | $247.1M | — |
自由现金流率PTCTKO
| Q4 25 | 39.0% | — | ||
| Q3 25 | 11.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | 43.8% | — | ||
| Q4 24 | 41.7% | — | ||
| Q3 24 | 14.9% | — | ||
| Q2 24 | 40.9% | — | ||
| Q1 24 | 41.0% | — |
资本支出强度PTCTKO
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.6% | — |
现金转化率PTCTKO
| Q4 25 | 1.62× | — | ||
| Q3 25 | 0.30× | 10.16× | ||
| Q2 25 | 1.73× | 4.03× | ||
| Q1 25 | 1.73× | 2.79× | ||
| Q4 24 | 2.90× | 1.83× | ||
| Q3 24 | 0.78× | 10.22× | ||
| Q2 24 | 3.10× | 3.90× | ||
| Q1 24 | 2.19× | — |
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
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
