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亚朵集团（ATAT）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亚朵集团的1.1倍（$862.2M vs $789.6M），亚朵集团净利率更高（17.6% vs 7.1%，领先10.5%），亚朵集团同比增速更快（252.5% vs 4.3%），亚朵集团自由现金流更多（$210.7M vs $-88.1M）
亚朵生活控股是中国领先的文旅生活服务企业，主营中高端连锁酒店运营业务，面向商旅及休闲出行人群提供高品质住宿服务，同时配套布局生活文创零售、场景体验等多元业务，覆盖国内核心城市及部分海外市场。
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。
ATAT vs MAT — 直观对比
营收规模更大
MAT
是对方的1.1倍
$789.6M
营收增速更快
ATAT
高出248.2%
4.3%
净利率更高
ATAT
高出10.5%
7.1%
自由现金流更多
ATAT
多$298.8M
$-88.1M
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $789.6M | $862.2M |
| 净利润 | $139.1M | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | 22.5% | — |
| 净利率 | 17.6% | 7.1% |
| 营收同比 | 252.5% | 4.3% |
| 净利润同比 | 322.2% | 251.4% |
| 每股收益（稀释后） | $0.33 | $0.20 |
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ATATMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | $789.6M | $1.7B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $826.6M | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $224.0M | $1.8B | ||
| Q2 24 | — | $1.1B |
净利润ATATMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | — | $106.2M | ||
| Q3 25 | $139.1M | $278.4M | ||
| Q2 25 | — | $53.4M | ||
| Q1 25 | — | $-40.3M | ||
| Q4 24 | — | $140.9M | ||
| Q3 24 | $33.0M | $372.4M | ||
| Q2 24 | — | $56.9M |
毛利率ATATMAT
| Q1 26 | — | 44.9% | ||
| 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% |
营业利润率ATATMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 8.0% | ||
| Q3 25 | 22.5% | 21.9% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | -6.4% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | 14.7% | 26.5% | ||
| Q2 24 | — | 7.7% |
净利率ATATMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | 17.6% | 16.0% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | -4.9% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | 14.7% | 20.2% | ||
| Q2 24 | — | 5.3% |
每股收益（稀释后）ATATMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | — | $0.32 | ||
| Q3 25 | $0.33 | $0.88 | ||
| Q2 25 | — | $0.16 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | $0.08 | $1.09 | ||
| Q2 24 | — | $0.17 |
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 | $669.2M | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $405.0M | $2.1B |
| 总资产 | $1.1B | $6.3B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资ATATMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $669.2M | $691.9M | ||
| Q2 25 | — | $870.5M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $506.0M | $723.5M | ||
| Q2 24 | — | $722.4M |
总债务ATATMAT
| Q1 26 | — | $2.3B | ||
| 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 |
股东权益ATATMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | $405.0M | $2.3B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $291.3M | $2.3B | ||
| Q2 24 | — | $2.0B |
总资产ATATMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | — | $6.6B | ||
| Q3 25 | $1.1B | $6.6B | ||
| Q2 25 | — | $6.2B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | $927.8M | $6.5B | ||
| Q2 24 | — | $5.9B |
负债/权益比ATATMAT
| Q1 26 | — | 1.11× | ||
| 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× |
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 | $216.6M | — |
| 自由现金流经营现金流 - 资本支出 | $210.7M | $-88.1M |
| 自由现金流率自由现金流/营收 | 26.7% | -10.2% |
| 资本支出强度资本支出/营收 | 0.8% | 7.6% |
| 现金转化率经营现金流/净利润 | 1.56× | — |
| 过去12个月自由现金流最近4个季度 | $359.6M | — |
8季度趋势，按日历期对齐
经营现金流ATATMAT
| Q1 26 | — | — | ||
| Q4 25 | — | $796.6M | ||
| Q3 25 | $216.6M | $72.0M | ||
| Q2 25 | — | $-300.1M | ||
| Q1 25 | — | $24.8M | ||
| Q4 24 | — | $862.1M | ||
| Q3 24 | $84.8M | $155.8M | ||
| Q2 24 | — | $-252.9M |
自由现金流ATATMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $210.7M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $83.3M | — | ||
| Q2 24 | — | — |
自由现金流率ATATMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | 26.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 37.2% | — | ||
| Q2 24 | — | — |
资本支出强度ATATMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | — | — |
现金转化率ATATMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | 1.56× | 0.26× | ||
| Q2 25 | — | -5.62× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | 2.57× | 0.42× | ||
| Q2 24 | — | -4.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
