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P10, Inc.（PX）与READING INTERNATIONAL INC（RDI）财务数据对比。点击上方公司名可切换其他公司
P10, Inc.的季度营收约是READING INTERNATIONAL INC的1.6倍（$81.0M vs $50.3M），P10, Inc.净利率更高（11.7% vs -5.1%，领先16.8%），P10, Inc.同比增速更快（-4.7% vs -14.2%），P10, Inc.自由现金流更多（$18.1M vs $4.1M），过去两年P10, Inc.的营收复合增速更高（10.7% vs 5.6%）
P10, Inc.是一家全球另类资产管理公司，提供涵盖私募股权、私募信贷、实物资产、风险投资的多元化投资解决方案，主要服务北美、欧洲、亚太市场的养老基金、捐赠基金、基金会及高净值个人等客户群体。
雷丁公司是总部位于美国费城的铁路企业，1924年起在宾夕法尼亚州东部及周边各州提供客运与货运运输服务，直至1976年被联合铁路公司收购。
PX vs RDI — 直观对比
营收规模更大
PX
是对方的1.6倍
$50.3M
营收增速更快
PX
高出9.5%
-14.2%
净利率更高
PX
高出16.8%
-5.1%
自由现金流更多
PX
多$14.0M
$4.1M
两年增速更快
PX
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.0M | $50.3M |
| 净利润 | $9.5M | $-2.6M |
| 毛利率 | — | — |
| 营业利润率 | 31.9% | -1.9% |
| 净利率 | 11.7% | -5.1% |
| 营收同比 | -4.7% | -14.2% |
| 净利润同比 | 79.0% | -14.5% |
| 每股收益（稀释后） | $0.08 | $-0.11 |
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PXRDI
| Q4 25 | $81.0M | $50.3M | ||
| Q3 25 | $75.9M | $52.2M | ||
| Q2 25 | $72.7M | $60.4M | ||
| Q1 25 | $67.7M | $40.2M | ||
| Q4 24 | $85.0M | $58.6M | ||
| Q3 24 | $74.2M | $60.1M | ||
| Q2 24 | $71.1M | $46.8M | ||
| Q1 24 | $66.1M | $45.1M |
净利润PXRDI
| Q4 25 | $9.5M | $-2.6M | ||
| Q3 25 | $2.1M | $-4.2M | ||
| Q2 25 | $3.4M | $-2.7M | ||
| Q1 25 | $4.5M | $-4.8M | ||
| Q4 24 | $5.3M | $-2.2M | ||
| Q3 24 | $1.4M | $-7.0M | ||
| Q2 24 | $7.0M | $-12.8M | ||
| Q1 24 | $5.0M | $-13.2M |
营业利润率PXRDI
| Q4 25 | 31.9% | -1.9% | ||
| Q3 25 | 14.1% | -0.6% | ||
| Q2 25 | 24.4% | 4.8% | ||
| Q1 25 | 16.6% | -17.2% | ||
| Q4 24 | 26.9% | 2.6% | ||
| Q3 24 | 11.9% | -0.6% | ||
| Q2 24 | 23.7% | -16.4% | ||
| Q1 24 | 18.3% | -16.7% |
净利率PXRDI
| Q4 25 | 11.7% | -5.1% | ||
| Q3 25 | 2.8% | -8.0% | ||
| Q2 25 | 4.7% | -4.4% | ||
| Q1 25 | 6.7% | -11.8% | ||
| Q4 24 | 6.2% | -3.8% | ||
| Q3 24 | 1.9% | -11.7% | ||
| Q2 24 | 9.8% | -27.4% | ||
| Q1 24 | 7.6% | -29.4% |
每股收益（稀释后）PXRDI
| Q4 25 | $0.08 | $-0.11 | ||
| Q3 25 | $0.02 | $-0.18 | ||
| Q2 25 | $0.03 | $-0.12 | ||
| Q1 25 | $0.04 | $-0.21 | ||
| Q4 24 | $0.05 | $-0.11 | ||
| Q3 24 | $0.01 | $-0.31 | ||
| Q2 24 | $0.06 | $-0.57 | ||
| Q1 24 | $0.04 | $-0.59 |
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 | $28.2M | $10.5M |
| 总债务越低越好 | $373.2M | $185.1M |
| 股东权益账面价值 | $403.5M | $-18.2M |
| 总资产 | $928.3M | $434.9M |
| 负债/权益比越低杠杆越低 | 0.93× | — |
8季度趋势，按日历期对齐
现金及短期投资PXRDI
| Q4 25 | $28.2M | $10.5M | ||
| Q3 25 | $40.0M | $8.1M | ||
| Q2 25 | $33.4M | $9.1M | ||
| Q1 25 | $74.4M | $5.9M | ||
| Q4 24 | $67.5M | $12.4M | ||
| Q3 24 | $61.5M | $10.1M | ||
| Q2 24 | $31.2M | $9.3M | ||
| Q1 24 | $29.0M | $7.5M |
总债务PXRDI
| Q4 25 | $373.2M | $185.1M | ||
| Q3 25 | $393.4M | — | ||
| Q2 25 | $373.0M | — | ||
| Q1 25 | $357.2M | — | ||
| Q4 24 | $319.8M | $202.7M | ||
| Q3 24 | $319.4M | — | ||
| Q2 24 | $300.6M | — | ||
| Q1 24 | $314.0M | — |
股东权益PXRDI
| Q4 25 | $403.5M | $-18.2M | ||
| Q3 25 | $396.8M | $-12.1M | ||
| Q2 25 | $388.9M | $-7.7M | ||
| Q1 25 | $374.3M | $-8.1M | ||
| Q4 24 | $386.9M | $-4.4M | ||
| Q3 24 | $394.1M | $1.6M | ||
| Q2 24 | $396.9M | $6.5M | ||
| Q1 24 | $400.1M | $18.0M |
总资产PXRDI
| Q4 25 | $928.3M | $434.9M | ||
| Q3 25 | $936.0M | $435.2M | ||
| Q2 25 | $932.2M | $438.1M | ||
| Q1 25 | $877.4M | $441.0M | ||
| Q4 24 | $869.3M | $471.0M | ||
| Q3 24 | $857.0M | $495.7M | ||
| Q2 24 | $823.2M | $494.9M | ||
| Q1 24 | $832.8M | $494.9M |
负债/权益比PXRDI
| Q4 25 | 0.93× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 0.96× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 0.83× | — | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.78× | — |
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 | $23.0M | $4.3M |
| 自由现金流经营现金流 - 资本支出 | $18.1M | $4.1M |
| 自由现金流率自由现金流/营收 | 22.3% | 8.2% |
| 资本支出强度资本支出/营收 | 6.0% | 0.3% |
| 现金转化率经营现金流/净利润 | 2.43× | — |
| 过去12个月自由现金流最近4个季度 | $14.1M | $-2.9M |
8季度趋势，按日历期对齐
经营现金流PXRDI
| Q4 25 | $23.0M | $4.3M | ||
| Q3 25 | $-8.6M | $295.0K | ||
| Q2 25 | $13.4M | $1.6M | ||
| Q1 25 | $-4.7M | $-7.7M | ||
| Q4 24 | $101.0M | $8.0M | ||
| Q3 24 | $27.5M | $1.3M | ||
| Q2 24 | $34.8M | $-10.4M | ||
| Q1 24 | $11.0M | $-2.8M |
自由现金流PXRDI
| Q4 25 | $18.1M | $4.1M | ||
| Q3 25 | $-9.5M | $-246.0K | ||
| Q2 25 | $11.6M | $1.2M | ||
| Q1 25 | $-6.0M | $-8.0M | ||
| Q4 24 | $96.6M | $7.0M | ||
| Q3 24 | $25.2M | $-1.1M | ||
| Q2 24 | $33.9M | $-10.6M | ||
| Q1 24 | $10.7M | $-4.7M |
自由现金流率PXRDI
| Q4 25 | 22.3% | 8.2% | ||
| Q3 25 | -12.6% | -0.5% | ||
| Q2 25 | 15.9% | 1.9% | ||
| Q1 25 | -8.9% | -19.8% | ||
| Q4 24 | 113.6% | 12.0% | ||
| Q3 24 | 34.0% | -1.8% | ||
| Q2 24 | 47.7% | -22.7% | ||
| Q1 24 | 16.2% | -10.4% |
资本支出强度PXRDI
| Q4 25 | 6.0% | 0.3% | ||
| Q3 25 | 1.2% | 1.0% | ||
| Q2 25 | 2.5% | 0.6% | ||
| Q1 25 | 1.9% | 0.6% | ||
| Q4 24 | 5.2% | 1.7% | ||
| Q3 24 | 3.0% | 4.0% | ||
| Q2 24 | 1.3% | 0.5% | ||
| Q1 24 | 0.4% | 4.3% |
现金转化率PXRDI
| Q4 25 | 2.43× | — | ||
| Q3 25 | -4.01× | — | ||
| Q2 25 | 3.96× | — | ||
| Q1 25 | -1.05× | — | ||
| Q4 24 | 19.12× | — | ||
| Q3 24 | 19.54× | — | ||
| Q2 24 | 4.98× | — | ||
| Q1 24 | 2.18× | — |
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
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
