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Ameren（AEE）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
Ameren的季度营收约是美泰的1.0倍（$1.8B vs $1.8B），Ameren净利率更高（14.2% vs 6.0%，领先8.2%），美泰同比增速更快（7.3% vs -8.2%），过去两年美泰的营收复合增速更高（47.7% vs -0.9%）
Ameren Corporation是美国公共事业控股企业，下设Ameren密苏里、伊利诺伊州配电、伊利诺伊州天然气、输电四大业务板块，主营受费率监管的发电、输电、配电业务，以及受监管的天然气输配业务，电力生产主要采用煤炭、核电等能源。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
AEE vs MAT — 直观对比
营收规模更大
AEE
是对方的1.0倍
$1.8B
营收增速更快
MAT
高出15.5%
-8.2%
净利率更高
AEE
高出8.2%
6.0%
两年增速更快
MAT
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.8B |
| 净利润 | $253.0M | $106.2M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 20.2% | 8.0% |
| 净利率 | 14.2% | 6.0% |
| 营收同比 | -8.2% | 7.3% |
| 净利润同比 | 21.6% | -24.6% |
| 每股收益（稀释后） | $0.92 | $0.32 |
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AEEMAT
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | $2.7B | $1.7B | ||
| Q2 25 | $2.2B | $1.0B | ||
| Q1 25 | $2.1B | $826.6M | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $2.2B | $1.8B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.8B | $809.5M |
净利润AEEMAT
| Q4 25 | $253.0M | $106.2M | ||
| Q3 25 | $641.0M | $278.4M | ||
| Q2 25 | $277.0M | $53.4M | ||
| Q1 25 | $290.0M | $-40.3M | ||
| Q4 24 | $208.0M | $140.9M | ||
| Q3 24 | $457.0M | $372.4M | ||
| Q2 24 | $260.0M | $56.9M | ||
| Q1 24 | $262.0M | $-28.3M |
毛利率AEEMAT
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 50.9% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | — | 53.1% | ||
| Q2 24 | — | 49.2% | ||
| Q1 24 | — | 48.0% |
营业利润率AEEMAT
| Q4 25 | 20.2% | 8.0% | ||
| Q3 25 | 30.6% | 21.9% | ||
| Q2 25 | 18.5% | 7.7% | ||
| Q1 25 | 20.5% | -6.4% | ||
| Q4 24 | 10.2% | 9.6% | ||
| Q3 24 | 27.0% | 26.5% | ||
| Q2 24 | 21.3% | 7.7% | ||
| Q1 24 | 20.4% | -4.4% |
净利率AEEMAT
| Q4 25 | 14.2% | 6.0% | ||
| Q3 25 | 23.7% | 16.0% | ||
| Q2 25 | 12.5% | 5.2% | ||
| Q1 25 | 13.8% | -4.9% | ||
| Q4 24 | 10.7% | 8.6% | ||
| Q3 24 | 21.0% | 20.2% | ||
| Q2 24 | 15.4% | 5.3% | ||
| Q1 24 | 14.4% | -3.5% |
每股收益（稀释后）AEEMAT
| Q4 25 | $0.92 | $0.32 | ||
| Q3 25 | $2.35 | $0.88 | ||
| Q2 25 | $1.01 | $0.16 | ||
| Q1 25 | $1.07 | $-0.12 | ||
| Q4 24 | $0.77 | $0.40 | ||
| Q3 24 | $1.70 | $1.09 | ||
| Q2 24 | $0.97 | $0.17 | ||
| Q1 24 | $0.98 | $-0.08 |
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 | $13.0M | $1.2B |
| 总债务越低越好 | $19.4B | $2.3B |
| 股东权益账面价值 | $13.4B | $2.2B |
| 总资产 | $48.5B | $6.6B |
| 负债/权益比越低杠杆越低 | 1.45× | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资AEEMAT
| Q4 25 | $13.0M | $1.2B | ||
| Q3 25 | $9.0M | $691.9M | ||
| Q2 25 | $11.0M | $870.5M | ||
| Q1 25 | $23.0M | $1.2B | ||
| Q4 24 | $7.0M | $1.4B | ||
| Q3 24 | $17.0M | $723.5M | ||
| Q2 24 | $19.0M | $722.4M | ||
| Q1 24 | $85.0M | $1.1B |
总债务AEEMAT
| Q4 25 | $19.4B | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $17.8B | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
股东权益AEEMAT
| Q4 25 | $13.4B | $2.2B | ||
| Q3 25 | $12.8B | $2.3B | ||
| Q2 25 | $12.3B | $2.2B | ||
| Q1 25 | $12.2B | $2.1B | ||
| Q4 24 | $12.1B | $2.3B | ||
| Q3 24 | $11.8B | $2.3B | ||
| Q2 24 | $11.5B | $2.0B | ||
| Q1 24 | $11.4B | $2.0B |
总资产AEEMAT
| Q4 25 | $48.5B | $6.6B | ||
| Q3 25 | $47.4B | $6.6B | ||
| Q2 25 | $46.6B | $6.2B | ||
| Q1 25 | $45.7B | $6.2B | ||
| Q4 24 | $44.6B | $6.5B | ||
| Q3 24 | $43.3B | $6.5B | ||
| Q2 24 | $42.3B | $5.9B | ||
| Q1 24 | $41.3B | $6.1B |
负债/权益比AEEMAT
| Q4 25 | 1.45× | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | 1.47× | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× | ||
| Q1 24 | — | 1.15× |
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 | $956.0M | $796.6M |
| 自由现金流经营现金流 - 资本支出 | $-54.0M | — |
| 自由现金流率自由现金流/营收 | -3.0% | — |
| 资本支出强度资本支出/营收 | 56.7% | — |
| 现金转化率经营现金流/净利润 | 3.78× | 7.50× |
| 过去12个月自由现金流最近4个季度 | $-775.0M | — |
8季度趋势，按日历期对齐
经营现金流AEEMAT
| Q4 25 | $956.0M | $796.6M | ||
| Q3 25 | $1.1B | $72.0M | ||
| Q2 25 | $862.0M | $-300.1M | ||
| Q1 25 | $431.0M | $24.8M | ||
| Q4 24 | $817.0M | $862.1M | ||
| Q3 24 | $897.0M | $155.8M | ||
| Q2 24 | $557.0M | $-252.9M | ||
| Q1 24 | $492.0M | $35.5M |
自由现金流AEEMAT
| Q4 25 | $-54.0M | — | ||
| Q3 25 | $116.0M | — | ||
| Q2 25 | $-204.0M | — | ||
| Q1 25 | $-633.0M | — | ||
| Q4 24 | $-473.0M | — | ||
| Q3 24 | $-240.0M | — | ||
| Q2 24 | $-445.0M | — | ||
| Q1 24 | $-398.0M | — |
自由现金流率AEEMAT
| Q4 25 | -3.0% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | -9.2% | — | ||
| Q1 25 | -30.2% | — | ||
| Q4 24 | -24.4% | — | ||
| Q3 24 | -11.0% | — | ||
| Q2 24 | -26.3% | — | ||
| Q1 24 | -21.9% | — |
资本支出强度AEEMAT
| Q4 25 | 56.7% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 48.0% | — | ||
| Q1 25 | 50.7% | — | ||
| Q4 24 | 66.5% | — | ||
| Q3 24 | 52.3% | — | ||
| Q2 24 | 59.2% | — | ||
| Q1 24 | 49.0% | — |
现金转化率AEEMAT
| Q4 25 | 3.78× | 7.50× | ||
| Q3 25 | 1.72× | 0.26× | ||
| Q2 25 | 3.11× | -5.62× | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 3.93× | 6.12× | ||
| Q3 24 | 1.96× | 0.42× | ||
| Q2 24 | 2.14× | -4.45× | ||
| Q1 24 | 1.88× | — |
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
AEE
暂无分部数据
MAT
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
