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阿卡迈（AKAM）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是阿卡迈的1.6倍（$1.8B vs $1.1B），阿卡迈净利率更高（7.8% vs 6.0%，领先1.8%），阿卡迈同比增速更快（7.4% vs 7.3%），过去两年美泰的营收复合增速更高（47.7% vs 5.3%）
阿卡迈是全球领先的云服务提供商，业务覆盖美国及全球其他地区，可为客户提供内容与商业应用的安全防护、分发及性能优化服务。其云解决方案能保障基础设施、网站、应用、API及用户免受各类网络攻击，同时提升运行效率，还可针对动态网站、应用及媒体场景提供Web与移动端性能优化方案。
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。
AKAM vs MAT — 直观对比
营收规模更大
MAT
是对方的1.6倍
$1.1B
营收增速更快
AKAM
高出0.1%
7.3%
净利率更高
AKAM
高出1.8%
6.0%
两年增速更快
MAT
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.8B |
| 净利润 | $85.1M | $106.2M |
| 毛利率 | 58.7% | 45.9% |
| 营业利润率 | 8.7% | 8.0% |
| 净利率 | 7.8% | 6.0% |
| 营收同比 | 7.4% | 7.3% |
| 净利润同比 | -39.2% | -24.6% |
| 每股收益（稀释后） | $0.57 | $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AKAMMAT
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $1.0B | $826.6M | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $979.6M | $1.1B | ||
| Q1 24 | $987.0M | $809.5M |
净利润AKAMMAT
| Q4 25 | $85.1M | $106.2M | ||
| Q3 25 | $140.2M | $278.4M | ||
| Q2 25 | $103.6M | $53.4M | ||
| Q1 25 | $123.2M | $-40.3M | ||
| Q4 24 | $139.9M | $140.9M | ||
| Q3 24 | $57.9M | $372.4M | ||
| Q2 24 | $131.7M | $56.9M | ||
| Q1 24 | $175.4M | $-28.3M |
毛利率AKAMMAT
| Q4 25 | 58.7% | 45.9% | ||
| Q3 25 | 59.3% | 50.0% | ||
| Q2 25 | 59.1% | 50.9% | ||
| Q1 25 | 58.7% | 49.4% | ||
| Q4 24 | 59.4% | 50.7% | ||
| Q3 24 | 59.3% | 53.1% | ||
| Q2 24 | 58.9% | 49.2% | ||
| Q1 24 | 60.0% | 48.0% |
营业利润率AKAMMAT
| Q4 25 | 8.7% | 8.0% | ||
| Q3 25 | 15.7% | 21.9% | ||
| Q2 25 | 14.5% | 7.7% | ||
| Q1 25 | 15.2% | -6.4% | ||
| Q4 24 | 14.5% | 9.6% | ||
| Q3 24 | 7.0% | 26.5% | ||
| Q2 24 | 15.1% | 7.7% | ||
| Q1 24 | 16.9% | -4.4% |
净利率AKAMMAT
| Q4 25 | 7.8% | 6.0% | ||
| Q3 25 | 13.3% | 16.0% | ||
| Q2 25 | 9.9% | 5.2% | ||
| Q1 25 | 12.1% | -4.9% | ||
| Q4 24 | 13.7% | 8.6% | ||
| Q3 24 | 5.8% | 20.2% | ||
| Q2 24 | 13.4% | 5.3% | ||
| Q1 24 | 17.8% | -3.5% |
每股收益（稀释后）AKAMMAT
| Q4 25 | $0.57 | $0.32 | ||
| Q3 25 | $0.97 | $0.88 | ||
| Q2 25 | $0.71 | $0.16 | ||
| Q1 25 | $0.82 | $-0.12 | ||
| Q4 24 | $0.92 | $0.40 | ||
| Q3 24 | $0.38 | $1.09 | ||
| Q2 24 | $0.86 | $0.17 | ||
| Q1 24 | $1.11 | $-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 | $1.2B | $1.2B |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $5.0B | $2.2B |
| 总资产 | $11.5B | $6.6B |
| 负债/权益比越低杠杆越低 | — | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资AKAMMAT
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.1B | $691.9M | ||
| Q2 25 | $966.6M | $870.5M | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.7B | $723.5M | ||
| Q2 24 | $1.6B | $722.4M | ||
| Q1 24 | $1.7B | $1.1B |
总债务AKAMMAT
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
股东权益AKAMMAT
| Q4 25 | $5.0B | $2.2B | ||
| Q3 25 | $4.7B | $2.3B | ||
| Q2 25 | $4.5B | $2.2B | ||
| Q1 25 | $4.6B | $2.1B | ||
| Q4 24 | $4.9B | $2.3B | ||
| Q3 24 | $4.8B | $2.3B | ||
| Q2 24 | $4.8B | $2.0B | ||
| Q1 24 | $4.6B | $2.0B |
总资产AKAMMAT
| Q4 25 | $11.5B | $6.6B | ||
| Q3 25 | $10.8B | $6.6B | ||
| Q2 25 | $10.5B | $6.2B | ||
| Q1 25 | $10.0B | $6.2B | ||
| Q4 24 | $10.4B | $6.5B | ||
| Q3 24 | $10.2B | $6.5B | ||
| Q2 24 | $10.1B | $5.9B | ||
| Q1 24 | $9.9B | $6.1B |
负债/权益比AKAMMAT
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 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 | $366.6M | $796.6M |
| 自由现金流经营现金流 - 资本支出 | $234.9M | — |
| 自由现金流率自由现金流/营收 | 21.5% | — |
| 资本支出强度资本支出/营收 | 12.0% | — |
| 现金转化率经营现金流/净利润 | 4.31× | 7.50× |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
经营现金流AKAMMAT
| Q4 25 | $366.6M | $796.6M | ||
| Q3 25 | $441.8M | $72.0M | ||
| Q2 25 | $459.1M | $-300.1M | ||
| Q1 25 | $251.2M | $24.8M | ||
| Q4 24 | $343.8M | $862.1M | ||
| Q3 24 | $392.5M | $155.8M | ||
| Q2 24 | $431.0M | $-252.9M | ||
| Q1 24 | $351.9M | $35.5M |
自由现金流AKAMMAT
| Q4 25 | $234.9M | — | ||
| Q3 25 | $329.1M | — | ||
| Q2 25 | $313.6M | — | ||
| Q1 25 | $133.4M | — | ||
| Q4 24 | $250.9M | — | ||
| Q3 24 | $279.7M | — | ||
| Q2 24 | $340.0M | — | ||
| Q1 24 | $258.1M | — |
自由现金流率AKAMMAT
| Q4 25 | 21.5% | — | ||
| Q3 25 | 31.2% | — | ||
| Q2 25 | 30.1% | — | ||
| Q1 25 | 13.1% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 27.8% | — | ||
| Q2 24 | 34.7% | — | ||
| Q1 24 | 26.2% | — |
资本支出强度AKAMMAT
| Q4 25 | 12.0% | — | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 13.9% | — | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 11.2% | — | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | 9.5% | — |
现金转化率AKAMMAT
| Q4 25 | 4.31× | 7.50× | ||
| Q3 25 | 3.15× | 0.26× | ||
| Q2 25 | 4.43× | -5.62× | ||
| Q1 25 | 2.04× | — | ||
| Q4 24 | 2.46× | 6.12× | ||
| Q3 24 | 6.78× | 0.42× | ||
| Q2 24 | 3.27× | -4.45× | ||
| Q1 24 | 2.01× | — |
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
AKAM
| Security | $592.4M | 54% |
| Delivery | $311.1M | 28% |
| Cloud Computing | $191.4M | 17% |
MAT
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
