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Amentum Holdings, Inc.（AMTM）与美客多（MELI）财务数据对比。点击上方公司名可切换其他公司
美客多的季度营收约是Amentum Holdings, Inc.的1.9倍（$6.1B vs $3.2B）。美客多净利率更高（9.1% vs 1.4%，领先7.8%）。美客多同比增速更快（40.2% vs -5.2%）。美客多自由现金流更多（$4.8B vs $-142.0M）。过去两年美客多的营收复合增速更高（40.7% vs 25.6%）
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
美客多（Mercado Libre）是起源于阿根廷、在美国特拉华州注册的互联网企业，核心业务涵盖电商平台运营及在线拍卖服务，是拉丁美洲头部电商平台。截至2016年，其在拉美地区拥有1.742亿用户，是当地访问量最高的电商站点。
AMTM vs MELI — 直观对比
营收规模更大
MELI
是对方的1.9倍
$3.2B
营收增速更快
MELI
高出45.4%
-5.2%
净利率更高
MELI
高出7.8%
1.4%
自由现金流更多
MELI
多$4.9B
$-142.0M
两年增速更快
MELI
近两年复合增速
25.6%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $6.1B |
| 净利润 | $44.0M | $559.0M |
| 毛利率 | 10.1% | 61.7% |
| 营业利润率 | 4.3% | 14.5% |
| 净利率 | 1.4% | 9.1% |
| 营收同比 | -5.2% | 40.2% |
| 净利润同比 | 266.7% | -12.5% |
| 每股收益（稀释后） | $0.18 | $11.03 |
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AMTMMELI
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.9B | $6.1B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | $3.6B | $4.8B | ||
| Q1 25 | $3.5B | $4.2B | ||
| Q4 24 | $3.4B | $4.4B | ||
| Q3 24 | $2.2B | $3.9B | ||
| Q2 24 | $2.1B | $3.8B |
净利润AMTMMELI
| Q1 26 | $44.0M | — | ||
| Q4 25 | $40.0M | $559.0M | ||
| Q3 25 | — | $421.0M | ||
| Q2 25 | $10.0M | $523.0M | ||
| Q1 25 | $4.0M | $494.0M | ||
| Q4 24 | $12.0M | $639.0M | ||
| Q3 24 | $26.0M | $397.0M | ||
| Q2 24 | $-26.0M | $531.0M |
毛利率AMTMMELI
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | 61.7% | ||
| Q3 25 | — | 61.7% | ||
| Q2 25 | 10.3% | 64.4% | ||
| Q1 25 | 10.5% | 66.1% | ||
| Q4 24 | 10.6% | 62.8% | ||
| Q3 24 | 9.0% | 62.6% | ||
| Q2 24 | 9.6% | 62.8% |
营业利润率AMTMMELI
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | 14.5% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | 2.9% | 17.2% | ||
| Q1 25 | 3.2% | 18.2% | ||
| Q4 24 | 3.9% | 18.7% | ||
| Q3 24 | 1.2% | 14.3% | ||
| Q2 24 | 4.2% | 19.3% |
净利率AMTMMELI
| Q1 26 | 1.4% | — | ||
| Q4 25 | 1.0% | 9.1% | ||
| Q3 25 | — | 8.1% | ||
| Q2 25 | 0.3% | 10.9% | ||
| Q1 25 | 0.1% | 11.8% | ||
| Q4 24 | 0.4% | 14.6% | ||
| Q3 24 | 1.2% | 10.2% | ||
| Q2 24 | -1.2% | 14.1% |
每股收益（稀释后）AMTMMELI
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.16 | $11.03 | ||
| Q3 25 | — | $8.32 | ||
| Q2 25 | $0.04 | $10.31 | ||
| Q1 25 | $0.02 | $9.74 | ||
| Q4 24 | $0.05 | $12.60 | ||
| Q3 24 | $0.31 | $7.83 | ||
| Q2 24 | $-0.29 | $10.48 |
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 | $247.0M | $6.3B |
| 总债务越低越好 | $3.9B | $4.6B |
| 股东权益账面价值 | $4.6B | $6.7B |
| 总资产 | $11.2B | $42.7B |
| 负债/权益比越低杠杆越低 | 0.86× | 0.68× |
8季度趋势，按日历期对齐
现金及短期投资AMTMMELI
| Q1 26 | $247.0M | — | ||
| Q4 25 | $437.0M | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | $738.0M | $7.6B | ||
| Q1 25 | $546.0M | $8.1B | ||
| Q4 24 | $522.0M | $7.1B | ||
| Q3 24 | $452.0M | $6.7B | ||
| Q2 24 | — | $6.9B |
总债务AMTMMELI
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $4.6B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | $4.5B | $3.5B | ||
| Q1 25 | $4.7B | $2.9B | ||
| Q4 24 | $4.7B | $2.9B | ||
| Q3 24 | $4.7B | $3.1B | ||
| Q2 24 | — | $2.4B |
股东权益AMTMMELI
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.5B | $6.7B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | $4.5B | $5.7B | ||
| Q1 25 | $4.4B | $5.0B | ||
| Q4 24 | $4.5B | $4.4B | ||
| Q3 24 | $4.5B | $4.0B | ||
| Q2 24 | $303.0M | $3.7B |
总资产AMTMMELI
| Q1 26 | $11.2B | — | ||
| Q4 25 | $11.5B | $42.7B | ||
| Q3 25 | — | $36.7B | ||
| Q2 25 | $11.8B | $32.9B | ||
| Q1 25 | $12.0B | $27.7B | ||
| Q4 24 | $11.9B | $25.2B | ||
| Q3 24 | $12.0B | $22.6B | ||
| Q2 24 | — | $20.0B |
负债/权益比AMTMMELI
| Q1 26 | 0.86× | — | ||
| Q4 25 | 0.88× | 0.68× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | 1.01× | 0.61× | ||
| Q1 25 | 1.06× | 0.57× | ||
| Q4 24 | 1.05× | 0.66× | ||
| Q3 24 | 1.05× | 0.78× | ||
| Q2 24 | — | 0.67× |
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 | $-136.0M | $5.2B |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $4.8B |
| 自由现金流率自由现金流/营收 | -4.4% | 77.9% |
| 资本支出强度资本支出/营收 | 0.2% | 7.0% |
| 现金转化率经营现金流/净利润 | -3.09× | 9.32× |
| 过去12个月自由现金流最近4个季度 | $272.0M | $10.8B |
8季度趋势，按日历期对齐
经营现金流AMTMMELI
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | $5.2B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | $106.0M | $2.9B | ||
| Q1 25 | $57.0M | $1.0B | ||
| Q4 24 | $110.0M | $2.9B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.9B |
自由现金流AMTMMELI
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | $4.8B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | $100.0M | $2.6B | ||
| Q1 25 | $53.0M | $759.0M | ||
| Q4 24 | $102.0M | $2.6B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.7B |
自由现金流率AMTMMELI
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | 77.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | 2.8% | 54.8% | ||
| Q1 25 | 1.5% | 18.1% | ||
| Q4 24 | 3.0% | 59.8% | ||
| Q3 24 | — | 35.4% | ||
| Q2 24 | — | 45.1% |
资本支出强度AMTMMELI
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 7.0% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | 0.2% | 6.0% | ||
| Q1 25 | 0.1% | 6.5% | ||
| Q4 24 | 0.2% | 7.0% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | 4.9% |
现金转化率AMTMMELI
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | 9.32× | ||
| Q3 25 | — | 7.03× | ||
| Q2 25 | 10.60× | 5.58× | ||
| Q1 25 | 14.25× | 2.09× | ||
| Q4 24 | 9.17× | 4.58× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | — | 3.54× |
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
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
MELI
| Commerce | $2.8B | 45% |
| Argentina Segment | $1.6B | 26% |
| Products | $1.2B | 20% |
| Other Countries Segment | $414.0M | 7% |
