vs
Snap Inc（SNAP）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
Snap Inc的季度营收约是Take-Two Interactive的1.0倍（$1.7B vs $1.7B），Snap Inc净利率更高（2.6% vs -5.5%，领先8.1%），Take-Two Interactive同比增速更快（24.9% vs 10.2%），Take-Two Interactive自由现金流更多（$236.2M vs $205.6M），过去两年Snap Inc的营收复合增速更高（19.9% vs 10.2%）
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
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。
SNAP vs TTWO — 直观对比
营收规模更大
SNAP
是对方的1.0倍
$1.7B
营收增速更快
TTWO
高出14.7%
10.2%
净利率更高
SNAP
高出8.1%
-5.5%
自由现金流更多
TTWO
多$30.6M
$205.6M
两年增速更快
SNAP
近两年复合增速
10.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.7B |
| 净利润 | $45.2M | $-92.9M |
| 毛利率 | 59.1% | 55.7% |
| 营业利润率 | 2.9% | -2.3% |
| 净利率 | 2.6% | -5.5% |
| 营收同比 | 10.2% | 24.9% |
| 净利润同比 | 396.7% | 25.8% |
| 每股收益（稀释后） | $0.03 | $-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SNAPTTWO
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.2B | $1.4B |
净利润SNAPTTWO
| Q4 25 | $45.2M | $-92.9M | ||
| Q3 25 | $-103.5M | $-133.9M | ||
| Q2 25 | $-262.6M | $-11.9M | ||
| Q1 25 | $-139.6M | $-3.7B | ||
| Q4 24 | $9.1M | $-125.2M | ||
| Q3 24 | $-153.2M | $-365.5M | ||
| Q2 24 | $-248.6M | $-262.0M | ||
| Q1 24 | $-305.1M | $-2.9B |
毛利率SNAPTTWO
| Q4 25 | 59.1% | 55.7% | ||
| Q3 25 | 55.3% | 55.3% | ||
| Q2 25 | 51.4% | 62.8% | ||
| Q1 25 | 53.1% | 50.8% | ||
| Q4 24 | 56.9% | 55.9% | ||
| Q3 24 | 53.5% | 53.8% | ||
| Q2 24 | 52.4% | 57.6% | ||
| Q1 24 | 51.9% | 33.5% |
营业利润率SNAPTTWO
| Q4 25 | 2.9% | -2.3% | ||
| Q3 25 | -8.5% | -5.5% | ||
| Q2 25 | -19.3% | 1.4% | ||
| Q1 25 | -14.2% | -238.7% | ||
| Q4 24 | -1.7% | -9.7% | ||
| Q3 24 | -12.6% | -22.0% | ||
| Q2 24 | -20.5% | -13.8% | ||
| Q1 24 | -27.9% | -193.9% |
净利率SNAPTTWO
| Q4 25 | 2.6% | -5.5% | ||
| Q3 25 | -6.9% | -7.5% | ||
| Q2 25 | -19.5% | -0.8% | ||
| Q1 25 | -10.2% | -235.5% | ||
| Q4 24 | 0.6% | -9.2% | ||
| Q3 24 | -11.2% | -27.0% | ||
| Q2 24 | -20.1% | -19.6% | ||
| Q1 24 | -25.5% | -207.4% |
每股收益（稀释后）SNAPTTWO
| Q4 25 | $0.03 | $-0.50 | ||
| Q3 25 | $-0.06 | $-0.73 | ||
| Q2 25 | $-0.16 | $-0.07 | ||
| Q1 25 | $-0.08 | $-21.27 | ||
| Q4 24 | $0.01 | $-0.71 | ||
| Q3 24 | $-0.09 | $-2.08 | ||
| Q2 24 | $-0.15 | $-1.52 | ||
| Q1 24 | $-0.19 | $-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 | $2.9B | $2.4B |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $2.3B | $3.5B |
| 总资产 | $7.7B | $10.0B |
| 负债/权益比越低杠杆越低 | 1.55× | — |
8季度趋势，按日历期对齐
现金及短期投资SNAPTTWO
| Q4 25 | $2.9B | $2.4B | ||
| Q3 25 | $3.0B | $2.1B | ||
| Q2 25 | $2.9B | $2.0B | ||
| Q1 25 | $3.2B | $1.5B | ||
| Q4 24 | $3.4B | $1.2B | ||
| Q3 24 | $3.2B | $879.6M | ||
| Q2 24 | $3.1B | $1.1B | ||
| Q1 24 | $2.9B | $776.0M |
总债务SNAPTTWO
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.3B | — |
股东权益SNAPTTWO
| Q4 25 | $2.3B | $3.5B | ||
| Q3 25 | $2.2B | $3.4B | ||
| Q2 25 | $2.1B | $3.5B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.5B | $5.7B | ||
| Q3 24 | $2.2B | $5.8B | ||
| Q2 24 | $2.1B | $6.0B | ||
| Q1 24 | $2.1B | $5.7B |
总资产SNAPTTWO
| Q4 25 | $7.7B | $10.0B | ||
| Q3 25 | $7.6B | $10.1B | ||
| Q2 25 | $7.4B | $9.7B | ||
| Q1 25 | $7.6B | $9.2B | ||
| Q4 24 | $7.9B | $12.7B | ||
| Q3 24 | $7.6B | $13.1B | ||
| Q2 24 | $7.4B | $12.9B | ||
| Q1 24 | $7.2B | $12.2B |
负债/权益比SNAPTTWO
| Q4 25 | 1.55× | — | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.73× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 1.76× | — | ||
| Q1 24 | 1.55× | — |
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 | $269.6M | $305.2M |
| 自由现金流经营现金流 - 资本支出 | $205.6M | $236.2M |
| 自由现金流率自由现金流/营收 | 12.0% | 13.9% |
| 资本支出强度资本支出/营收 | 3.7% | 4.1% |
| 现金转化率经营现金流/净利润 | 5.96× | — |
| 过去12个月自由现金流最近4个季度 | $437.2M | $487.8M |
8季度趋势，按日历期对齐
经营现金流SNAPTTWO
| Q4 25 | $269.6M | $305.2M | ||
| Q3 25 | $146.5M | $128.4M | ||
| Q2 25 | $88.5M | $-44.7M | ||
| Q1 25 | $151.6M | $279.0M | ||
| Q4 24 | $230.6M | $-4.8M | ||
| Q3 24 | $115.9M | $-128.4M | ||
| Q2 24 | $-21.4M | $-191.0M | ||
| Q1 24 | $88.4M | $-8.9M |
自由现金流SNAPTTWO
| Q4 25 | $205.6M | $236.2M | ||
| Q3 25 | $93.4M | $96.5M | ||
| Q2 25 | $23.8M | $-69.8M | ||
| Q1 25 | $114.4M | $224.9M | ||
| Q4 24 | $182.4M | $-48.2M | ||
| Q3 24 | $71.8M | $-165.2M | ||
| Q2 24 | $-73.4M | $-226.1M | ||
| Q1 24 | $37.9M | $-55.1M |
自由现金流率SNAPTTWO
| Q4 25 | 12.0% | 13.9% | ||
| Q3 25 | 6.2% | 5.4% | ||
| Q2 25 | 1.8% | -4.6% | ||
| Q1 25 | 8.4% | 14.2% | ||
| Q4 24 | 11.7% | -3.5% | ||
| Q3 24 | 5.2% | -12.2% | ||
| Q2 24 | -5.9% | -16.9% | ||
| Q1 24 | 3.2% | -3.9% |
资本支出强度SNAPTTWO
| Q4 25 | 3.7% | 4.1% | ||
| Q3 25 | 3.5% | 1.8% | ||
| Q2 25 | 4.8% | 1.7% | ||
| Q1 25 | 2.7% | 3.4% | ||
| Q4 24 | 3.1% | 3.2% | ||
| Q3 24 | 3.2% | 2.7% | ||
| Q2 24 | 4.2% | 2.6% | ||
| Q1 24 | 4.2% | 3.3% |
现金转化率SNAPTTWO
| Q4 25 | 5.96× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 25.34× | — | ||
| 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
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
TTWO
暂无分部数据
