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阿普塔集团（ATR）与MAXIMUS, INC.（MMS）财务数据对比。点击上方公司名可切换其他公司
MAXIMUS, INC.的季度营收约是阿普塔集团的1.3倍（$1.3B vs $982.9M），MAXIMUS, INC.净利率更高（30.2% vs 7.4%，领先22.8%），阿普塔集团同比增速更快（10.8% vs -2.8%），MAXIMUS, INC.自由现金流更多（$450.0M vs $53.3M），过去两年阿普塔集团的营收复合增速更高（3.9% vs -0.3%）
阿普塔集团（AptarGroup, Inc.）是总部位于美国的全球性制造企业，主营消费品分配包装产品及药物给药装置的研发与生产，目前在全球18个国家设有生产运营基地，服务医药、快消等多领域客户。
MAXIMUS是美国一家政府服务企业，业务覆盖美国、加拿大、英国等国家，为医疗补助、联邦医疗保险、医改、就业帮扶、学生贷款服务等各类政府项目提供行政及配套服务。公司总部位于弗吉尼亚州泰森斯，现有员工3.96万名，2024财年营收达53亿美元。
ATR vs MMS — 直观对比
营收规模更大
MMS
是对方的1.3倍
$982.9M
营收增速更快
ATR
高出13.6%
-2.8%
净利率更高
MMS
高出22.8%
7.4%
自由现金流更多
MMS
多$396.7M
$53.3M
两年增速更快
ATR
近两年复合增速
-0.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $982.9M | $1.3B |
| 净利润 | $72.8M | $394.0M |
| 毛利率 | — | 26.2% |
| 营业利润率 | 10.9% | 11.4% |
| 净利率 | 7.4% | 30.2% |
| 营收同比 | 10.8% | -2.8% |
| 净利润同比 | -7.5% | -4.1% |
| 每股收益（稀释后） | $1.12 | $7.27 |
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ATRMMS
| Q1 26 | $982.9M | $1.3B | ||
| Q4 25 | $962.7M | $1.3B | ||
| Q3 25 | $961.1M | $1.3B | ||
| Q2 25 | $966.0M | $1.3B | ||
| Q1 25 | $887.3M | $1.4B | ||
| Q4 24 | $848.1M | $1.4B | ||
| Q3 24 | $909.3M | $1.3B | ||
| Q2 24 | $910.1M | $1.3B |
净利润ATRMMS
| Q1 26 | $72.8M | $394.0M | ||
| Q4 25 | $74.3M | $93.9M | ||
| Q3 25 | $127.9M | $75.3M | ||
| Q2 25 | $111.7M | $106.0M | ||
| Q1 25 | $78.8M | $96.6M | ||
| Q4 24 | $100.9M | $41.2M | ||
| Q3 24 | $100.0M | $72.5M | ||
| Q2 24 | $90.5M | $89.8M |
毛利率ATRMMS
| Q1 26 | — | 26.2% | ||
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 25.3% | ||
| Q2 25 | — | 26.7% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 21.5% | ||
| Q3 24 | — | 22.9% | ||
| Q2 24 | — | 25.3% |
营业利润率ATRMMS
| Q1 26 | 10.9% | 11.4% | ||
| Q4 25 | 11.0% | 10.9% | ||
| Q3 25 | 14.2% | 9.3% | ||
| Q2 25 | 14.9% | 12.3% | ||
| Q1 25 | 12.8% | 11.2% | ||
| Q4 24 | 14.2% | 6.2% | ||
| Q3 24 | 15.2% | 8.5% | ||
| Q2 24 | 13.8% | 10.8% |
净利率ATRMMS
| Q1 26 | 7.4% | 30.2% | ||
| Q4 25 | 7.7% | 7.0% | ||
| Q3 25 | 13.3% | 5.7% | ||
| Q2 25 | 11.6% | 7.9% | ||
| Q1 25 | 8.9% | 7.1% | ||
| Q4 24 | 11.9% | 2.9% | ||
| Q3 24 | 11.0% | 5.5% | ||
| Q2 24 | 9.9% | 6.8% |
每股收益（稀释后）ATRMMS
| Q1 26 | $1.12 | $7.27 | ||
| Q4 25 | $1.13 | $1.70 | ||
| Q3 25 | $1.92 | $1.27 | ||
| Q2 25 | $1.67 | $1.86 | ||
| Q1 25 | $1.17 | $1.69 | ||
| Q4 24 | $1.48 | $0.69 | ||
| Q3 24 | $1.48 | $1.18 | ||
| Q2 24 | $1.34 | $1.46 |
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 | $229.5M | $157.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $1.7B |
| 总资产 | $5.1B | $4.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ATRMMS
| Q1 26 | $229.5M | $157.5M | ||
| Q4 25 | $409.5M | $137.6M | ||
| Q3 25 | $264.8M | $222.4M | ||
| Q2 25 | $169.8M | $59.8M | ||
| Q1 25 | $136.8M | $108.1M | ||
| Q4 24 | $226.2M | $72.7M | ||
| Q3 24 | $327.9M | $183.1M | ||
| Q2 24 | $223.9M | $102.8M |
总债务ATRMMS
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $546.0M | — | ||
| Q2 25 | $535.1M | — | ||
| Q1 25 | $561.2M | — | ||
| Q4 24 | $688.1M | — | ||
| Q3 24 | $822.7M | — | ||
| Q2 24 | $681.5M | — |
股东权益ATRMMS
| Q1 26 | $2.6B | $1.7B | ||
| Q4 25 | $2.7B | $1.7B | ||
| Q3 25 | $2.8B | $1.7B | ||
| Q2 25 | $2.7B | $1.8B | ||
| Q1 25 | $2.5B | $1.7B | ||
| Q4 24 | $2.5B | $1.6B | ||
| Q3 24 | $2.5B | $1.8B | ||
| Q2 24 | $2.4B | $1.8B |
总资产ATRMMS
| Q1 26 | $5.1B | $4.2B | ||
| Q4 25 | $5.3B | $4.2B | ||
| Q3 25 | $5.1B | $4.1B | ||
| Q2 25 | $4.9B | $4.5B | ||
| Q1 25 | $4.5B | $4.2B | ||
| Q4 24 | $4.4B | $4.1B | ||
| Q3 24 | $4.6B | $4.1B | ||
| Q2 24 | $4.5B | $4.0B |
负债/权益比ATRMMS
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.28× | — |
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 | $53.3M | $450.0M |
| 自由现金流率自由现金流/营收 | 5.4% | 34.5% |
| 资本支出强度资本支出/营收 | 6.7% | — |
| 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 | $327.0M | $643.0M |
8季度趋势，按日历期对齐
经营现金流ATRMMS
| Q1 26 | — | — | ||
| Q4 25 | $183.7M | $-244.4M | ||
| Q3 25 | $177.6M | $649.4M | ||
| Q2 25 | $126.0M | $-182.7M | ||
| Q1 25 | $82.7M | $42.7M | ||
| Q4 24 | $178.2M | $-80.0M | ||
| Q3 24 | $229.3M | $163.8M | ||
| Q2 24 | $143.6M | $199.3M |
自由现金流ATRMMS
| Q1 26 | $53.3M | $450.0M | ||
| Q4 25 | $96.9M | $-250.7M | ||
| Q3 25 | $114.3M | $641.8M | ||
| Q2 25 | $62.5M | $-198.2M | ||
| Q1 25 | $25.9M | $25.5M | ||
| Q4 24 | $112.2M | $-103.0M | ||
| Q3 24 | $162.7M | $131.9M | ||
| Q2 24 | $75.4M | $164.6M |
自由现金流率ATRMMS
| Q1 26 | 5.4% | 34.5% | ||
| Q4 25 | 10.1% | -18.6% | ||
| Q3 25 | 11.9% | 48.7% | ||
| Q2 25 | 6.5% | -14.7% | ||
| Q1 25 | 2.9% | 1.9% | ||
| Q4 24 | 13.2% | -7.3% | ||
| Q3 24 | 17.9% | 10.0% | ||
| Q2 24 | 8.3% | 12.5% |
资本支出强度ATRMMS
| Q1 26 | 6.7% | — | ||
| Q4 25 | 9.0% | 0.5% | ||
| Q3 25 | 6.6% | 0.6% | ||
| Q2 25 | 6.6% | 1.1% | ||
| Q1 25 | 6.4% | 1.3% | ||
| Q4 24 | 7.8% | 1.6% | ||
| Q3 24 | 7.3% | 2.4% | ||
| Q2 24 | 7.5% | 2.6% |
现金转化率ATRMMS
| Q1 26 | — | — | ||
| Q4 25 | 2.47× | -2.60× | ||
| Q3 25 | 1.39× | 8.63× | ||
| Q2 25 | 1.13× | -1.72× | ||
| Q1 25 | 1.05× | 0.44× | ||
| Q4 24 | 1.77× | -1.94× | ||
| Q3 24 | 2.29× | 2.26× | ||
| Q2 24 | 1.59× | 2.22× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
