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ATI INC（ATI）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
ATI INC的季度营收约是美泰的1.3倍（$1.2B vs $862.2M），ATI INC净利率更高（10.3% vs 7.1%，领先3.2%），美泰同比增速更快（4.3% vs 0.6%），ATI INC自由现金流更多（$74.6M vs $-88.1M），过去两年ATI INC的营收复合增速更高（2.5% vs -10.6%）
ATI是加拿大半导体科技企业，总部位于安大略省万锦市，专注于图形处理器（GPU）及芯片组研发。公司成立于1985年，1993年公开上市，2006年被AMD收购。作为无晶圆厂半导体巨头，ATI坚持自主研发，生产组装环节外包，2000年竞争对手3dfx破产后，成为全球图形芯片领域的核心厂商之一。
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。
ATI vs MAT — 直观对比
营收规模更大
ATI
是对方的1.3倍
$862.2M
营收增速更快
MAT
高出3.7%
0.6%
净利率更高
ATI
高出3.2%
7.1%
自由现金流更多
ATI
多$162.7M
$-88.1M
两年增速更快
ATI
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $862.2M |
| 净利润 | $118.2M | $61.0M |
| 毛利率 | 22.8% | 44.9% |
| 营业利润率 | 14.2% | — |
| 净利率 | 10.3% | 7.1% |
| 营收同比 | 0.6% | 4.3% |
| 净利润同比 | 21.9% | 251.4% |
| 每股收益（稀释后） | $0.85 | $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ATIMAT
| Q1 26 | $1.2B | $862.2M | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.1B | $826.6M | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.1B | $1.1B |
净利润ATIMAT
| Q1 26 | $118.2M | $61.0M | ||
| Q4 25 | $96.6M | $106.2M | ||
| Q3 25 | $110.0M | $278.4M | ||
| Q2 25 | $100.7M | $53.4M | ||
| Q1 25 | $97.0M | $-40.3M | ||
| Q4 24 | $137.1M | $140.9M | ||
| Q3 24 | $82.7M | $372.4M | ||
| Q2 24 | $81.9M | $56.9M |
毛利率ATIMAT
| Q1 26 | 22.8% | 44.9% | ||
| Q4 25 | 23.2% | 45.9% | ||
| Q3 25 | 22.7% | 50.0% | ||
| Q2 25 | 21.3% | 50.9% | ||
| Q1 25 | 20.6% | 49.4% | ||
| Q4 24 | 21.2% | 50.7% | ||
| Q3 24 | 21.4% | 53.1% | ||
| Q2 24 | 20.8% | 49.2% |
营业利润率ATIMAT
| Q1 26 | 14.2% | — | ||
| Q4 25 | 14.5% | 8.0% | ||
| Q3 25 | 14.4% | 21.9% | ||
| Q2 25 | 14.1% | 7.7% | ||
| Q1 25 | 12.8% | -6.4% | ||
| Q4 24 | 17.8% | 9.6% | ||
| Q3 24 | 13.5% | 26.5% | ||
| Q2 24 | 13.0% | 7.7% |
净利率ATIMAT
| Q1 26 | 10.3% | 7.1% | ||
| Q4 25 | 8.2% | 6.0% | ||
| Q3 25 | 9.8% | 16.0% | ||
| Q2 25 | 8.8% | 5.2% | ||
| Q1 25 | 8.5% | -4.9% | ||
| Q4 24 | 11.7% | 8.6% | ||
| Q3 24 | 7.9% | 20.2% | ||
| Q2 24 | 7.5% | 5.3% |
每股收益（稀释后）ATIMAT
| Q1 26 | $0.85 | $0.20 | ||
| Q4 25 | $0.70 | $0.32 | ||
| Q3 25 | $0.78 | $0.88 | ||
| Q2 25 | $0.70 | $0.16 | ||
| Q1 25 | $0.67 | $-0.12 | ||
| Q4 24 | $0.94 | $0.40 | ||
| Q3 24 | $0.57 | $1.09 | ||
| Q2 24 | $0.58 | $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 | $401.7M | $866.0M |
| 总债务越低越好 | $1.8B | $2.3B |
| 股东权益账面价值 | $1.9B | $2.1B |
| 总资产 | $5.2B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.95× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资ATIMAT
| Q1 26 | $401.7M | $866.0M | ||
| Q4 25 | $416.7M | $1.2B | ||
| Q3 25 | $372.2M | $691.9M | ||
| Q2 25 | $319.6M | $870.5M | ||
| Q1 25 | $475.8M | $1.2B | ||
| Q4 24 | $721.2M | $1.4B | ||
| Q3 24 | $406.6M | $723.5M | ||
| Q2 24 | $425.6M | $722.4M |
总债务ATIMAT
| Q1 26 | $1.8B | $2.3B | ||
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.7B | $2.3B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.9B | $2.3B | ||
| Q2 24 | $1.9B | $2.3B |
股东权益ATIMAT
| Q1 26 | $1.9B | $2.1B | ||
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $1.9B | $2.3B | ||
| Q3 24 | $1.8B | $2.3B | ||
| Q2 24 | $1.4B | $2.0B |
总资产ATIMAT
| Q1 26 | $5.2B | $6.3B | ||
| Q4 25 | $5.1B | $6.6B | ||
| Q3 25 | $5.0B | $6.6B | ||
| Q2 25 | $5.0B | $6.2B | ||
| Q1 25 | $5.2B | $6.2B | ||
| Q4 24 | $5.2B | $6.5B | ||
| Q3 24 | $5.1B | $6.5B | ||
| Q2 24 | $4.9B | $5.9B |
负债/权益比ATIMAT
| Q1 26 | 0.95× | 1.11× | ||
| Q4 25 | 0.95× | 1.04× | ||
| Q3 25 | 1.00× | 1.03× | ||
| Q2 25 | 0.98× | 1.08× | ||
| Q1 25 | 0.91× | 1.10× | ||
| Q4 24 | 0.93× | 1.03× | ||
| Q3 24 | 1.04× | 1.01× | ||
| Q2 24 | 1.37× | 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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $74.6M | $-88.1M |
| 自由现金流率自由现金流/营收 | 6.5% | -10.2% |
| 资本支出强度资本支出/营收 | — | 7.6% |
| 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 | $554.1M | — |
8季度趋势，按日历期对齐
经营现金流ATIMAT
| Q1 26 | — | — | ||
| Q4 25 | $315.8M | $796.6M | ||
| Q3 25 | $229.5M | $72.0M | ||
| Q2 25 | $161.5M | $-300.1M | ||
| Q1 25 | $-92.5M | $24.8M | ||
| Q4 24 | $380.9M | $862.1M | ||
| Q3 24 | $24.0M | $155.8M | ||
| Q2 24 | $101.1M | $-252.9M |
自由现金流ATIMAT
| Q1 26 | $74.6M | $-88.1M | ||
| Q4 25 | $223.1M | — | ||
| Q3 25 | $167.0M | — | ||
| Q2 25 | $89.4M | — | ||
| Q1 25 | $-145.8M | — | ||
| Q4 24 | $333.6M | — | ||
| Q3 24 | $-41.8M | — | ||
| Q2 24 | $40.9M | — |
自由现金流率ATIMAT
| Q1 26 | 6.5% | -10.2% | ||
| Q4 25 | 19.0% | — | ||
| Q3 25 | 14.8% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | -12.7% | — | ||
| Q4 24 | 28.4% | — | ||
| Q3 24 | -4.0% | — | ||
| Q2 24 | 3.7% | — |
资本支出强度ATIMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 7.9% | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 6.3% | — | ||
| Q2 24 | 5.5% | — |
现金转化率ATIMAT
| Q1 26 | — | — | ||
| Q4 25 | 3.27× | 7.50× | ||
| Q3 25 | 2.09× | 0.26× | ||
| Q2 25 | 1.60× | -5.62× | ||
| Q1 25 | -0.95× | — | ||
| Q4 24 | 2.78× | 6.12× | ||
| Q3 24 | 0.29× | 0.42× | ||
| Q2 24 | 1.23× | -4.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
