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EchoStar CORP（SATS）与Take-Two Interactive（TTWO）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是Take-Two Interactive的2.2倍（$3.8B vs $1.7B），Take-Two Interactive净利率更高（-5.5% vs -31.8%，领先26.3%），Take-Two Interactive同比增速更快（24.9% vs -4.3%），Take-Two Interactive自由现金流更多（$236.2M vs $-583.4M），过去两年Take-Two Interactive的营收复合增速更高（10.2% vs -2.8%）
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
Take-Two Interactive是总部位于美国纽约的电子游戏控股企业，由瑞安·布兰特于1993年9月创立，在全球互动娱乐领域拥有较高影响力，业务覆盖游戏研发、发行与运营等核心环节。
SATS vs TTWO — 直观对比
营收规模更大
SATS
是对方的2.2倍
$1.7B
营收增速更快
TTWO
高出29.3%
-4.3%
净利率更高
TTWO
高出26.3%
-31.8%
自由现金流更多
TTWO
多$819.6M
$-583.4M
两年增速更快
TTWO
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $1.7B |
| 净利润 | $-1.2B | $-92.9M |
| 毛利率 | — | 55.7% |
| 营业利润率 | -20.5% | -2.3% |
| 净利率 | -31.8% | -5.5% |
| 营收同比 | -4.3% | 24.9% |
| 净利润同比 | -460.1% | 25.8% |
| 每股收益（稀释后） | $-4.27 | $-0.50 |
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SATSTTWO
| Q4 25 | $3.8B | $1.7B | ||
| Q3 25 | $3.6B | $1.8B | ||
| Q2 25 | $3.7B | $1.5B | ||
| Q1 25 | $3.9B | $1.6B | ||
| Q4 24 | $4.0B | $1.4B | ||
| Q3 24 | $3.9B | $1.4B | ||
| Q2 24 | $4.0B | $1.3B | ||
| Q1 24 | $4.0B | $1.4B |
净利润SATSTTWO
| Q4 25 | $-1.2B | $-92.9M | ||
| Q3 25 | $-12.8B | $-133.9M | ||
| Q2 25 | $-306.1M | $-11.9M | ||
| Q1 25 | $-202.7M | $-3.7B | ||
| Q4 24 | $335.2M | $-125.2M | ||
| Q3 24 | $-141.8M | $-365.5M | ||
| Q2 24 | $-205.6M | $-262.0M | ||
| Q1 24 | $-107.4M | $-2.9B |
毛利率SATSTTWO
| Q4 25 | — | 55.7% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 62.8% | ||
| Q1 25 | — | 50.8% | ||
| Q4 24 | — | 55.9% | ||
| Q3 24 | — | 53.8% | ||
| Q2 24 | — | 57.6% | ||
| Q1 24 | — | 33.5% |
营业利润率SATSTTWO
| Q4 25 | -20.5% | -2.3% | ||
| Q3 25 | -460.5% | -5.5% | ||
| Q2 25 | -5.7% | 1.4% | ||
| Q1 25 | -2.3% | -238.7% | ||
| Q4 24 | -1.6% | -9.7% | ||
| Q3 24 | -4.1% | -22.0% | ||
| Q2 24 | -1.7% | -13.8% | ||
| Q1 24 | -0.4% | -193.9% |
净利率SATSTTWO
| Q4 25 | -31.8% | -5.5% | ||
| Q3 25 | -353.6% | -7.5% | ||
| Q2 25 | -8.2% | -0.8% | ||
| Q1 25 | -5.2% | -235.5% | ||
| Q4 24 | 8.5% | -9.2% | ||
| Q3 24 | -3.6% | -27.0% | ||
| Q2 24 | -5.2% | -19.6% | ||
| Q1 24 | -2.7% | -207.4% |
每股收益（稀释后）SATSTTWO
| Q4 25 | $-4.27 | $-0.50 | ||
| Q3 25 | $-44.37 | $-0.73 | ||
| Q2 25 | $-1.06 | $-0.07 | ||
| Q1 25 | $-0.71 | $-21.27 | ||
| Q4 24 | $1.24 | $-0.71 | ||
| Q3 24 | $-0.52 | $-2.08 | ||
| Q2 24 | $-0.76 | $-1.52 | ||
| Q1 24 | $-0.40 | $-17.05 |
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 | $3.0B | $2.4B |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $5.8B | $3.5B |
| 总资产 | $43.0B | $10.0B |
| 负债/权益比越低杠杆越低 | 3.24× | — |
8季度趋势，按日历期对齐
现金及短期投资SATSTTWO
| Q4 25 | $3.0B | $2.4B | ||
| Q3 25 | $3.9B | $2.1B | ||
| Q2 25 | $4.3B | $2.0B | ||
| Q1 25 | $5.1B | $1.5B | ||
| Q4 24 | $5.5B | $1.2B | ||
| Q3 24 | $674.4M | $879.6M | ||
| Q2 24 | $520.6M | $1.1B | ||
| Q1 24 | $766.4M | $776.0M |
总债务SATSTTWO
| Q4 25 | $18.7B | — | ||
| Q3 25 | $21.8B | — | ||
| Q2 25 | $25.4B | — | ||
| Q1 25 | $25.3B | — | ||
| Q4 24 | $25.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $951.0M | — |
股东权益SATSTTWO
| Q4 25 | $5.8B | $3.5B | ||
| Q3 25 | $7.0B | $3.4B | ||
| Q2 25 | $19.7B | $3.5B | ||
| Q1 25 | $20.0B | $2.1B | ||
| Q4 24 | $20.2B | $5.7B | ||
| Q3 24 | $19.4B | $5.8B | ||
| Q2 24 | $19.6B | $6.0B | ||
| Q1 24 | $19.8B | $5.7B |
总资产SATSTTWO
| Q4 25 | $43.0B | $10.0B | ||
| Q3 25 | $45.3B | $10.1B | ||
| Q2 25 | $59.9B | $9.7B | ||
| Q1 25 | $60.6B | $9.2B | ||
| Q4 24 | $60.9B | $12.7B | ||
| Q3 24 | $57.5B | $13.1B | ||
| Q2 24 | $55.3B | $12.9B | ||
| Q1 24 | $55.6B | $12.2B |
负债/权益比SATSTTWO
| Q4 25 | 3.24× | — | ||
| Q3 25 | 3.13× | — | ||
| Q2 25 | 1.29× | — | ||
| Q1 25 | 1.27× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.05× | — |
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 | $-425.3M | $305.2M |
| 自由现金流经营现金流 - 资本支出 | $-583.4M | $236.2M |
| 自由现金流率自由现金流/营收 | -15.4% | 13.9% |
| 资本支出强度资本支出/营收 | 4.2% | 4.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $487.8M |
8季度趋势，按日历期对齐
经营现金流SATSTTWO
| Q4 25 | $-425.3M | $305.2M | ||
| Q3 25 | $111.7M | $128.4M | ||
| Q2 25 | $7.5M | $-44.7M | ||
| Q1 25 | $206.8M | $279.0M | ||
| Q4 24 | $45.6M | $-4.8M | ||
| Q3 24 | $276.2M | $-128.4M | ||
| Q2 24 | $479.7M | $-191.0M | ||
| Q1 24 | $451.3M | $-8.9M |
自由现金流SATSTTWO
| Q4 25 | $-583.4M | $236.2M | ||
| Q3 25 | $-144.4M | $96.5M | ||
| Q2 25 | $-285.7M | $-69.8M | ||
| Q1 25 | $-51.7M | $224.9M | ||
| Q4 24 | $-298.7M | $-48.2M | ||
| Q3 24 | $-57.5M | $-165.2M | ||
| Q2 24 | $132.4M | $-226.1M | ||
| Q1 24 | $-68.4M | $-55.1M |
自由现金流率SATSTTWO
| Q4 25 | -15.4% | 13.9% | ||
| Q3 25 | -4.0% | 5.4% | ||
| Q2 25 | -7.7% | -4.6% | ||
| Q1 25 | -1.3% | 14.2% | ||
| Q4 24 | -7.5% | -3.5% | ||
| Q3 24 | -1.5% | -12.2% | ||
| Q2 24 | 3.3% | -16.9% | ||
| Q1 24 | -1.7% | -3.9% |
资本支出强度SATSTTWO
| Q4 25 | 4.2% | 4.1% | ||
| Q3 25 | 7.1% | 1.8% | ||
| Q2 25 | 7.9% | 1.7% | ||
| Q1 25 | 6.7% | 3.4% | ||
| Q4 24 | 8.7% | 3.2% | ||
| Q3 24 | 8.6% | 2.7% | ||
| Q2 24 | 8.8% | 2.6% | ||
| Q1 24 | 12.9% | 3.3% |
现金转化率SATSTTWO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
TTWO
暂无分部数据
