vs
SOMNIGROUP INTERNATIONAL INC.（SGI）与华纳音乐集团（WMG）财务数据对比。点击上方公司名可切换其他公司
SOMNIGROUP INTERNATIONAL INC.的季度营收约是华纳音乐集团的1.0倍（$1.9B vs $1.8B），华纳音乐集团净利率更高（9.6% vs 7.5%，领先2.0%），SOMNIGROUP INTERNATIONAL INC.同比增速更快（54.7% vs 10.4%），华纳音乐集团自由现金流更多（$420.0M vs $41.1M），过去两年SOMNIGROUP INTERNATIONAL INC.的营收复合增速更高（25.3% vs 11.0%）
SOMNIGROUP INTERNATIONAL INC.是一家美国知名寝具制造企业，主营床垫及各类床上用品的研发、设计、生产与销售，旗下产品兼顾舒适体验与实用性能，供应美国本土及多个海外市场，在民用寝具领域拥有稳定的市场认可度。
华纳音乐集团（简称WMG）是总部位于美国纽约的跨国娱乐及唱片集团，属于全球唱片行业“三大巨头”之一，市场规模位居全球音乐行业第三位，仅次于环球音乐集团与索尼音乐娱乐。
SGI vs WMG — 直观对比
营收规模更大
SGI
是对方的1.0倍
$1.8B
营收增速更快
SGI
高出44.2%
10.4%
净利率更高
WMG
高出2.0%
7.5%
自由现金流更多
WMG
多$378.9M
$41.1M
两年增速更快
SGI
近两年复合增速
11.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.8B |
| 净利润 | $140.8M | $176.0M |
| 毛利率 | 44.0% | 46.4% |
| 营业利润率 | 13.2% | 15.7% |
| 净利率 | 7.5% | 9.6% |
| 营收同比 | 54.7% | 10.4% |
| 净利润同比 | 95.8% | -25.4% |
| 每股收益（稀释后） | $0.71 | — |
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SGIWMG
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $2.1B | $1.9B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.2B | $1.6B | ||
| Q1 24 | $1.2B | $1.5B |
净利润SGIWMG
| Q4 25 | $140.8M | $176.0M | ||
| Q3 25 | $177.4M | $109.0M | ||
| Q2 25 | $99.0M | $-16.0M | ||
| Q1 25 | $-33.1M | $36.0M | ||
| Q4 24 | $71.9M | $236.0M | ||
| Q3 24 | $130.0M | $41.0M | ||
| Q2 24 | $106.1M | $139.0M | ||
| Q1 24 | $76.3M | $96.0M |
毛利率SGIWMG
| Q4 25 | 44.0% | 46.4% | ||
| Q3 25 | 44.9% | 44.6% | ||
| Q2 25 | 44.0% | 45.9% | ||
| Q1 25 | 36.2% | 46.7% | ||
| Q4 24 | 43.3% | 46.3% | ||
| Q3 24 | 45.4% | 47.6% | ||
| Q2 24 | 44.9% | 46.6% | ||
| Q1 24 | 43.1% | 47.1% |
营业利润率SGIWMG
| Q4 25 | 13.2% | 15.7% | ||
| Q3 25 | 14.8% | 7.7% | ||
| Q2 25 | 9.6% | 10.0% | ||
| Q1 25 | 0.8% | 11.3% | ||
| Q4 24 | 10.6% | 12.8% | ||
| Q3 24 | 15.5% | 8.8% | ||
| Q2 24 | 14.0% | 13.3% | ||
| Q1 24 | 11.1% | 8.0% |
净利率SGIWMG
| Q4 25 | 7.5% | 9.6% | ||
| Q3 25 | 8.4% | 5.8% | ||
| Q2 25 | 5.3% | -0.9% | ||
| Q1 25 | -2.1% | 2.4% | ||
| Q4 24 | 6.0% | 14.2% | ||
| Q3 24 | 10.0% | 2.5% | ||
| Q2 24 | 8.6% | 8.9% | ||
| Q1 24 | 6.4% | 6.4% |
每股收益（稀释后）SGIWMG
| Q4 25 | $0.71 | — | ||
| Q3 25 | $0.83 | — | ||
| Q2 25 | $0.47 | — | ||
| Q1 25 | $-0.17 | — | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $0.73 | — | ||
| Q2 24 | $0.60 | — | ||
| Q1 24 | $0.43 | — |
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 | — | $751.0M |
| 总债务越低越好 | $4.6B | $4.4B |
| 股东权益账面价值 | $3.1B | $720.0M |
| 总资产 | $11.6B | $10.0B |
| 负债/权益比越低杠杆越低 | 1.47× | 6.07× |
8季度趋势，按日历期对齐
现金及短期投资SGIWMG
| Q4 25 | — | $751.0M | ||
| Q3 25 | — | $532.0M | ||
| Q2 25 | — | $527.0M | ||
| Q1 25 | — | $637.0M | ||
| Q4 24 | — | $802.0M | ||
| Q3 24 | — | $694.0M | ||
| Q2 24 | — | $607.0M | ||
| Q1 24 | — | $587.0M |
总债务SGIWMG
| Q4 25 | $4.6B | $4.4B | ||
| Q3 25 | $4.5B | $4.4B | ||
| Q2 25 | $4.8B | $4.4B | ||
| Q1 25 | $4.9B | $4.3B | ||
| Q4 24 | $3.7B | $4.0B | ||
| Q3 24 | $2.2B | $4.0B | ||
| Q2 24 | $2.4B | $4.0B | ||
| Q1 24 | $2.5B | $4.0B |
股东权益SGIWMG
| Q4 25 | $3.1B | $720.0M | ||
| Q3 25 | $3.0B | $647.0M | ||
| Q2 25 | $2.8B | $589.0M | ||
| Q1 25 | $2.7B | $567.0M | ||
| Q4 24 | $559.0M | $545.0M | ||
| Q3 24 | $564.5M | $518.0M | ||
| Q2 24 | $411.8M | $483.0M | ||
| Q1 24 | $326.6M | $433.0M |
总资产SGIWMG
| Q4 25 | $11.6B | $10.0B | ||
| Q3 25 | $11.4B | $9.8B | ||
| Q2 25 | $11.4B | $9.8B | ||
| Q1 25 | $11.3B | $9.6B | ||
| Q4 24 | $6.0B | $9.1B | ||
| Q3 24 | $4.6B | $9.2B | ||
| Q2 24 | $4.6B | $8.8B | ||
| Q1 24 | $4.6B | $8.7B |
负债/权益比SGIWMG
| Q4 25 | 1.47× | 6.07× | ||
| Q3 25 | 1.51× | 6.75× | ||
| Q2 25 | 1.69× | 7.41× | ||
| Q1 25 | 1.79× | 7.57× | ||
| Q4 24 | 6.69× | 7.26× | ||
| Q3 24 | 3.95× | 7.75× | ||
| Q2 24 | 5.92× | 8.24× | ||
| Q1 24 | 7.74× | 9.20× |
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 | $99.4M | $440.0M |
| 自由现金流经营现金流 - 资本支出 | $41.1M | $420.0M |
| 自由现金流率自由现金流/营收 | 2.2% | 22.8% |
| 资本支出强度资本支出/营收 | 3.1% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.71× | 2.50× |
| 过去12个月自由现金流最近4个季度 | $633.2M | $663.0M |
8季度趋势，按日历期对齐
经营现金流SGIWMG
| Q4 25 | $99.4M | $440.0M | ||
| Q3 25 | $408.2M | $231.0M | ||
| Q2 25 | $186.1M | $46.0M | ||
| Q1 25 | $106.4M | $69.0M | ||
| Q4 24 | $129.1M | $332.0M | ||
| Q3 24 | $256.6M | $304.0M | ||
| Q2 24 | $150.6M | $188.0M | ||
| Q1 24 | $130.2M | $-31.0M |
自由现金流SGIWMG
| Q4 25 | $41.1M | $420.0M | ||
| Q3 25 | $360.3M | $203.0M | ||
| Q2 25 | $149.4M | $7.0M | ||
| Q1 25 | $82.4M | $33.0M | ||
| Q4 24 | $108.2M | $296.0M | ||
| Q3 24 | $240.2M | $271.0M | ||
| Q2 24 | $122.1M | $160.0M | ||
| Q1 24 | $98.7M | $-57.0M |
自由现金流率SGIWMG
| Q4 25 | 2.2% | 22.8% | ||
| Q3 25 | 17.0% | 10.9% | ||
| Q2 25 | 7.9% | 0.4% | ||
| Q1 25 | 5.1% | 2.2% | ||
| Q4 24 | 9.0% | 17.8% | ||
| Q3 24 | 18.5% | 16.6% | ||
| Q2 24 | 9.9% | 10.3% | ||
| Q1 24 | 8.3% | -3.8% |
资本支出强度SGIWMG
| Q4 25 | 3.1% | 1.1% | ||
| Q3 25 | 2.3% | 1.5% | ||
| Q2 25 | 2.0% | 2.3% | ||
| Q1 25 | 1.5% | 2.4% | ||
| Q4 24 | 1.7% | 2.2% | ||
| Q3 24 | 1.3% | 2.0% | ||
| Q2 24 | 2.3% | 1.8% | ||
| Q1 24 | 2.6% | 1.7% |
现金转化率SGIWMG
| Q4 25 | 0.71× | 2.50× | ||
| Q3 25 | 2.30× | 2.12× | ||
| Q2 25 | 1.88× | — | ||
| Q1 25 | — | 1.92× | ||
| Q4 24 | 1.80× | 1.41× | ||
| Q3 24 | 1.97× | 7.41× | ||
| Q2 24 | 1.42× | 1.35× | ||
| Q1 24 | 1.71× | -0.32× |
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
SGI
| Mattress Firm Segment | $892.1M | 48% |
| Tempur Sealy North America Segment | $620.5M | 33% |
| Tempur Sealy International Segment | $355.8M | 19% |
WMG
| Digital | $976.0M | 53% |
| Music Publishing | $362.0M | 20% |
| Artist Services And Expanded Rights | $231.0M | 13% |
| Licensing | $121.0M | 7% |
| Performance | $64.0M | 3% |
| Synchronization | $60.0M | 3% |
| Mechanical | $18.0M | 1% |
| Other | $5.0M | 0% |
