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Atmos Energy（ATO）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是Atmos Energy的1.3倍（$1.8B vs $1.3B），Atmos Energy净利率更高（30.0% vs 9.2%，领先20.8%），Atmos Energy同比增速更快（14.2% vs -1.9%），Masco自由现金流更多（$371.0M vs $-725.3M），过去两年Masco的营收复合增速更高（-3.5% vs -9.7%）
Atmos Energy总部位于美国得克萨斯州达拉斯，是美国规模最大的纯天然气分销商之一，业务覆盖美国9个州的1400多个社区，为东起蓝岭山脉、西至落基山脉区域内的约300万天然气用户提供服务。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
ATO vs MAS — 直观对比
营收规模更大
MAS
是对方的1.3倍
$1.3B
营收增速更快
ATO
高出16.1%
-1.9%
净利率更高
ATO
高出20.8%
9.2%
自由现金流更多
MAS
多$1.1B
$-725.3M
两年增速更快
MAS
近两年复合增速
-9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.8B |
| 净利润 | $403.0M | $165.0M |
| 毛利率 | — | 33.9% |
| 营业利润率 | 38.3% | 13.8% |
| 净利率 | 30.0% | 9.2% |
| 营收同比 | 14.2% | -1.9% |
| 净利润同比 | 14.5% | -9.3% |
| 每股收益（稀释后） | $2.44 | $0.81 |
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ATOMAS
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $737.5M | $1.9B | ||
| Q2 25 | $838.8M | $2.1B | ||
| Q1 25 | $2.0B | $1.8B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $657.9M | $2.0B | ||
| Q2 24 | $701.5M | $2.1B | ||
| Q1 24 | $1.6B | $1.9B |
净利润ATOMAS
| Q4 25 | $403.0M | $165.0M | ||
| Q3 25 | $174.9M | $189.0M | ||
| Q2 25 | $186.4M | $270.0M | ||
| Q1 25 | $485.6M | $186.0M | ||
| Q4 24 | $351.9M | $182.0M | ||
| Q3 24 | $134.0M | $167.0M | ||
| Q2 24 | $165.6M | $258.0M | ||
| Q1 24 | $432.0M | $215.0M |
毛利率ATOMAS
| Q4 25 | — | 33.9% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | 60.0% | 35.8% | ||
| Q4 24 | 80.1% | 34.8% | ||
| Q3 24 | — | 36.6% | ||
| Q2 24 | — | 37.5% | ||
| Q1 24 | 62.1% | 35.6% |
营业利润率ATOMAS
| Q4 25 | 38.3% | 13.8% | ||
| Q3 25 | 29.8% | 15.8% | ||
| Q2 25 | 30.1% | 20.1% | ||
| Q1 25 | 32.2% | 15.9% | ||
| Q4 24 | 39.1% | 15.9% | ||
| Q3 24 | 28.1% | 18.0% | ||
| Q2 24 | 31.4% | 19.0% | ||
| Q1 24 | 33.4% | 16.5% |
净利率ATOMAS
| Q4 25 | 30.0% | 9.2% | ||
| Q3 25 | 23.7% | 9.9% | ||
| Q2 25 | 22.2% | 13.2% | ||
| Q1 25 | 24.9% | 10.3% | ||
| Q4 24 | 29.9% | 10.0% | ||
| Q3 24 | 20.4% | 8.4% | ||
| Q2 24 | 23.6% | 12.3% | ||
| Q1 24 | 26.2% | 11.2% |
每股收益（稀释后）ATOMAS
| Q4 25 | $2.44 | $0.81 | ||
| Q3 25 | $1.04 | $0.90 | ||
| Q2 25 | $1.16 | $1.28 | ||
| Q1 25 | $3.03 | $0.87 | ||
| Q4 24 | $2.23 | $0.85 | ||
| Q3 24 | $0.82 | $0.77 | ||
| Q2 24 | $1.08 | $1.17 | ||
| Q1 24 | $2.85 | $0.97 |
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 | $367.0M | $647.0M |
| 总债务越低越好 | $9.6B | $2.9B |
| 股东权益账面价值 | $14.3B | $-185.0M |
| 总资产 | $29.8B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.67× | — |
8季度趋势，按日历期对齐
现金及短期投资ATOMAS
| Q4 25 | $367.0M | $647.0M | ||
| Q3 25 | $202.7M | $559.0M | ||
| Q2 25 | $709.4M | $390.0M | ||
| Q1 25 | $543.5M | $377.0M | ||
| Q4 24 | $584.5M | $634.0M | ||
| Q3 24 | $307.3M | $646.0M | ||
| Q2 24 | $674.6M | $398.0M | ||
| Q1 24 | $262.5M | $368.0M |
总债务ATOMAS
| Q4 25 | $9.6B | $2.9B | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | $8.9B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $8.4B | $2.9B | ||
| Q3 24 | $7.8B | — | ||
| Q2 24 | $7.8B | — | ||
| Q1 24 | $7.4B | — |
股东权益ATOMAS
| Q4 25 | $14.3B | $-185.0M | ||
| Q3 25 | $13.6B | $-78.0M | ||
| Q2 25 | $13.4B | $-84.0M | ||
| Q1 25 | $13.1B | $-254.0M | ||
| Q4 24 | $12.8B | $-279.0M | ||
| Q3 24 | $12.2B | $-88.0M | ||
| Q2 24 | $12.2B | $-26.0M | ||
| Q1 24 | $11.6B | $-75.0M |
总资产ATOMAS
| Q4 25 | $29.8B | $5.2B | ||
| Q3 25 | $28.2B | $5.3B | ||
| Q2 25 | $27.7B | $5.3B | ||
| Q1 25 | $27.0B | $5.1B | ||
| Q4 24 | $26.5B | $5.0B | ||
| Q3 24 | $25.2B | $5.3B | ||
| Q2 24 | $24.9B | $5.4B | ||
| Q1 24 | $24.0B | $5.3B |
负债/权益比ATOMAS
| Q4 25 | 0.67× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.64× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.64× | — | ||
| Q1 24 | 0.64× | — |
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 | $308.1M | $418.0M |
| 自由现金流经营现金流 - 资本支出 | $-725.3M | $371.0M |
| 自由现金流率自由现金流/营收 | -54.0% | 20.7% |
| 资本支出强度资本支出/营收 | 77.0% | 2.6% |
| 现金转化率经营现金流/净利润 | 0.76× | 2.53× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $866.0M |
8季度趋势，按日历期对齐
经营现金流ATOMAS
| Q4 25 | $308.1M | $418.0M | ||
| Q3 25 | $348.1M | $456.0M | ||
| Q2 25 | $496.4M | $306.0M | ||
| Q1 25 | $922.9M | $-158.0M | ||
| Q4 24 | $282.0M | $407.0M | ||
| Q3 24 | $330.7M | $416.0M | ||
| Q2 24 | $411.2M | $346.0M | ||
| Q1 24 | $746.6M | $-94.0M |
自由现金流ATOMAS
| Q4 25 | $-725.3M | $371.0M | ||
| Q3 25 | $-615.5M | $415.0M | ||
| Q2 25 | $-370.6M | $270.0M | ||
| Q1 25 | $83.3M | $-190.0M | ||
| Q4 24 | $-609.2M | $351.0M | ||
| Q3 24 | $-477.3M | $378.0M | ||
| Q2 24 | $-302.4M | $303.0M | ||
| Q1 24 | $100.7M | $-125.0M |
自由现金流率ATOMAS
| Q4 25 | -54.0% | 20.7% | ||
| Q3 25 | -83.5% | 21.6% | ||
| Q2 25 | -44.2% | 13.2% | ||
| Q1 25 | 4.3% | -10.5% | ||
| Q4 24 | -51.8% | 19.2% | ||
| Q3 24 | -72.5% | 19.1% | ||
| Q2 24 | -43.1% | 14.5% | ||
| Q1 24 | 6.1% | -6.5% |
资本支出强度ATOMAS
| Q4 25 | 77.0% | 2.6% | ||
| Q3 25 | 130.7% | 2.1% | ||
| Q2 25 | 103.4% | 1.8% | ||
| Q1 25 | 43.0% | 1.8% | ||
| Q4 24 | 75.8% | 3.1% | ||
| Q3 24 | 122.8% | 1.9% | ||
| Q2 24 | 101.7% | 2.1% | ||
| Q1 24 | 39.2% | 1.6% |
现金转化率ATOMAS
| Q4 25 | 0.76× | 2.53× | ||
| Q3 25 | 1.99× | 2.41× | ||
| Q2 25 | 2.66× | 1.13× | ||
| Q1 25 | 1.90× | -0.85× | ||
| Q4 24 | 0.80× | 2.24× | ||
| Q3 24 | 2.47× | 2.49× | ||
| Q2 24 | 2.48× | 1.34× | ||
| Q1 24 | 1.73× | -0.44× |
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
ATO
| Distribution Segment | $1.3B | 94% |
| Transportation Revenue | $41.5M | 3% |
| Other | $39.4M | 3% |
| Miscellaneous Revenue | $2.8M | 0% |
MAS
| Plumbing Products | $844.0M | 47% |
| Decorative Architectural Products | $545.0M | 30% |
| Other | $404.0M | 23% |
