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Townsquare Media, Inc.（TSQ）与合众银行（WASH）财务数据对比。点击上方公司名可切换其他公司
Townsquare Media, Inc.的季度营收约是合众银行的1.8倍（$106.5M vs $57.8M），合众银行净利率更高（21.8% vs -4.9%，领先26.7%），过去两年合众银行的营收复合增速更高（9.5% vs 3.4%）
Townsquare Media是总部位于美国纽约州帕切斯的广播电台网络与传媒企业，该公司起步于广播业务，在2000年代末通过收购MOG音乐网络，逐步拓展数字媒体业务。截至2024年6月，Townsquare Media是美国第三大调幅调频广播运营商，在全国74个市场共拥有349家电台。
美国合众银行是一家美国跨国金融机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年，该银行为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构。它主营银行、投资、抵押贷款等多元金融业务。
TSQ vs WASH — 直观对比
营收规模更大
TSQ
是对方的1.8倍
$57.8M
净利率更高
WASH
高出26.7%
-4.9%
两年增速更快
WASH
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $106.5M | $57.8M |
| 净利润 | $-5.2M | $12.6M |
| 毛利率 | 24.1% | — |
| 营业利润率 | 9.5% | — |
| 净利率 | -4.9% | 21.8% |
| 营收同比 | -9.6% | — |
| 净利润同比 | -121.2% | 3.5% |
| 每股收益（稀释后） | — | $0.66 |
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TSQWASH
| Q1 26 | — | $57.8M | ||
| Q4 25 | $106.5M | $59.3M | ||
| Q3 25 | $106.8M | $56.5M | ||
| Q2 25 | $115.4M | $54.3M | ||
| Q1 25 | $98.7M | $59.1M | ||
| Q4 24 | $117.8M | $12.4M | ||
| Q3 24 | $115.3M | $48.5M | ||
| Q2 24 | $118.2M | $48.2M |
净利润TSQWASH
| Q1 26 | — | $12.6M | ||
| Q4 25 | $-5.2M | $16.0M | ||
| Q3 25 | $-5.9M | $10.8M | ||
| Q2 25 | $1.6M | $13.2M | ||
| Q1 25 | $-2.0M | $12.2M | ||
| Q4 24 | $24.6M | $-60.8M | ||
| Q3 24 | $10.8M | $11.0M | ||
| Q2 24 | $-49.2M | $10.8M |
毛利率TSQWASH
| Q1 26 | — | — | ||
| Q4 25 | 24.1% | — | ||
| Q3 25 | 26.2% | — | ||
| Q2 25 | 28.3% | — | ||
| Q1 25 | 23.2% | — | ||
| Q4 24 | 31.6% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 27.7% | — |
营业利润率TSQWASH
| Q1 26 | — | — | ||
| Q4 25 | 9.5% | 34.9% | ||
| Q3 25 | 5.6% | 24.7% | ||
| Q2 25 | 18.2% | 31.6% | ||
| Q1 25 | 7.2% | 26.5% | ||
| Q4 24 | 18.1% | -648.7% | ||
| Q3 24 | 13.1% | 28.5% | ||
| Q2 24 | -18.1% | 28.7% |
净利率TSQWASH
| Q1 26 | — | 21.8% | ||
| Q4 25 | -4.9% | 27.0% | ||
| Q3 25 | -5.5% | 19.2% | ||
| Q2 25 | 1.4% | 24.4% | ||
| Q1 25 | -2.0% | 20.6% | ||
| Q4 24 | 20.8% | -491.4% | ||
| Q3 24 | 9.4% | 22.6% | ||
| Q2 24 | -41.7% | 22.4% |
每股收益（稀释后）TSQWASH
| Q1 26 | — | $0.66 | ||
| Q4 25 | — | $0.84 | ||
| Q3 25 | $-0.36 | $0.56 | ||
| Q2 25 | $0.09 | $0.68 | ||
| Q1 25 | $-0.12 | $0.63 | ||
| Q4 24 | $1.76 | $-3.54 | ||
| Q3 24 | $0.63 | $0.64 | ||
| Q2 24 | $-3.26 | $0.63 |
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 | $4.8M | $12.3M |
| 总债务越低越好 | $433.0M | — |
| 股东权益账面价值 | $-41.0M | $546.8M |
| 总资产 | $528.6M | $6.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资TSQWASH
| Q1 26 | — | $12.3M | ||
| Q4 25 | $4.8M | — | ||
| Q3 25 | $3.2M | — | ||
| Q2 25 | $3.2M | — | ||
| Q1 25 | $5.5M | — | ||
| Q4 24 | $33.0M | — | ||
| Q3 24 | $21.8M | — | ||
| Q2 24 | $28.5M | — |
总债务TSQWASH
| Q1 26 | — | — | ||
| Q4 25 | $433.0M | — | ||
| Q3 25 | $437.6M | — | ||
| Q2 25 | $439.7M | — | ||
| Q1 25 | $448.4M | — | ||
| Q4 24 | $465.8M | — | ||
| Q3 24 | $476.7M | — | ||
| Q2 24 | $487.1M | — |
股东权益TSQWASH
| Q1 26 | — | $546.8M | ||
| Q4 25 | $-41.0M | $543.6M | ||
| Q3 25 | $-34.0M | $533.0M | ||
| Q2 25 | $-27.1M | $527.5M | ||
| Q1 25 | $-26.8M | $521.7M | ||
| Q4 24 | $-28.4M | $499.7M | ||
| Q3 24 | $-52.5M | $502.2M | ||
| Q2 24 | $-64.1M | $471.0M |
总资产TSQWASH
| Q1 26 | — | $6.5B | ||
| Q4 25 | $528.6M | $6.6B | ||
| Q3 25 | $539.2M | $6.7B | ||
| Q2 25 | $545.7M | $6.7B | ||
| Q1 25 | $544.5M | $6.6B | ||
| Q4 24 | $580.4M | $6.9B | ||
| Q3 24 | $565.4M | $7.1B | ||
| Q2 24 | $579.6M | $7.2B |
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 | $12.6M | — |
| 自由现金流经营现金流 - 资本支出 | $9.2M | — |
| 自由现金流率自由现金流/营收 | 8.6% | — |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 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 | $15.4M | — |
8季度趋势，按日历期对齐
经营现金流TSQWASH
| Q1 26 | — | — | ||
| Q4 25 | $12.6M | $80.3M | ||
| Q3 25 | $7.9M | $39.6M | ||
| Q2 25 | $10.2M | $11.3M | ||
| Q1 25 | $-66.0K | $8.4M | ||
| Q4 24 | $28.2M | $57.7M | ||
| Q3 24 | $9.9M | $25.7M | ||
| Q2 24 | $9.0M | $11.2M |
自由现金流TSQWASH
| Q1 26 | — | — | ||
| Q4 25 | $9.2M | $78.3M | ||
| Q3 25 | $4.3M | $39.3M | ||
| Q2 25 | $6.4M | $10.9M | ||
| Q1 25 | $-4.5M | $8.4M | ||
| Q4 24 | $24.5M | $53.7M | ||
| Q3 24 | $4.8M | $24.4M | ||
| Q2 24 | $4.8M | $9.6M |
自由现金流率TSQWASH
| Q1 26 | — | — | ||
| Q4 25 | 8.6% | 132.2% | ||
| Q3 25 | 4.1% | 69.6% | ||
| Q2 25 | 5.5% | 20.2% | ||
| Q1 25 | -4.6% | 14.2% | ||
| Q4 24 | 20.8% | 433.8% | ||
| Q3 24 | 4.1% | 50.4% | ||
| Q2 24 | 4.0% | 19.8% |
资本支出强度TSQWASH
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 3.4% | ||
| Q3 25 | 3.3% | 0.6% | ||
| Q2 25 | 3.3% | 0.7% | ||
| Q1 25 | 4.5% | 0.1% | ||
| Q4 24 | 3.1% | 32.3% | ||
| Q3 24 | 4.4% | 2.6% | ||
| Q2 24 | 3.6% | 3.4% |
现金转化率TSQWASH
| Q1 26 | — | — | ||
| Q4 25 | — | 5.03× | ||
| Q3 25 | — | 3.65× | ||
| Q2 25 | 6.51× | 0.86× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 0.91× | 2.34× | ||
| Q2 24 | — | 1.03× |
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
TSQ
| Broadcast Advertising Segment | $46.4M | 44% |
| Digital Advertising Segment | $41.7M | 39% |
| Subscription Digital Marketing Solutions Segment | $18.4M | 17% |
WASH
| Net Interest Income | $40.5M | 70% |
| Noninterest Income | $17.3M | 30% |
