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BGC Group, Inc.（BGC）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BGC Group, Inc.的1.4倍（$862.2M vs $638.6M），美泰净利率更高（7.1% vs 2.3%，领先4.8%），BGC Group, Inc.同比增速更快（34.4% vs 4.3%），BGC Group, Inc.自由现金流更多（$175.1M vs $-88.1M），过去两年BGC Group, Inc.的营收复合增速更高（18.7% vs -10.6%）
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
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。
BGC vs MAT — 直观对比
营收规模更大
MAT
是对方的1.4倍
$638.6M
营收增速更快
BGC
高出30.1%
4.3%
净利率更高
MAT
高出4.8%
2.3%
自由现金流更多
BGC
多$263.2M
$-88.1M
两年增速更快
BGC
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $638.6M | $862.2M |
| 净利润 | $14.4M | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | 3.9% | — |
| 净利率 | 2.3% | 7.1% |
| 营收同比 | 34.4% | 4.3% |
| 净利润同比 | -43.0% | 251.4% |
| 每股收益（稀释后） | $0.03 | $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BGCMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $638.6M | $1.8B | ||
| Q3 25 | $620.8M | $1.7B | ||
| Q2 25 | $648.0M | $1.0B | ||
| Q1 25 | $534.6M | $826.6M | ||
| Q4 24 | $475.2M | $1.6B | ||
| Q3 24 | $448.9M | $1.8B | ||
| Q2 24 | $435.0M | $1.1B |
净利润BGCMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $14.4M | $106.2M | ||
| Q3 25 | $27.9M | $278.4M | ||
| Q2 25 | $57.5M | $53.4M | ||
| Q1 25 | $55.2M | $-40.3M | ||
| Q4 24 | $25.2M | $140.9M | ||
| Q3 24 | $14.7M | $372.4M | ||
| Q2 24 | $37.8M | $56.9M |
毛利率BGCMAT
| 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BGCMAT
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 8.0% | ||
| Q3 25 | 5.4% | 21.9% | ||
| Q2 25 | 11.6% | 7.7% | ||
| Q1 25 | 15.0% | -6.4% | ||
| Q4 24 | 5.7% | 9.6% | ||
| Q3 24 | 4.4% | 26.5% | ||
| Q2 24 | 12.7% | 7.7% |
净利率BGCMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 2.3% | 6.0% | ||
| Q3 25 | 4.5% | 16.0% | ||
| Q2 25 | 8.9% | 5.2% | ||
| Q1 25 | 10.3% | -4.9% | ||
| Q4 24 | 5.3% | 8.6% | ||
| Q3 24 | 3.3% | 20.2% | ||
| Q2 24 | 8.7% | 5.3% |
每股收益（稀释后）BGCMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $0.03 | $0.32 | ||
| Q3 25 | $0.06 | $0.88 | ||
| Q2 25 | $0.11 | $0.16 | ||
| Q1 25 | $0.11 | $-0.12 | ||
| Q4 24 | $0.04 | $0.40 | ||
| Q3 24 | $0.03 | $1.09 | ||
| Q2 24 | $0.08 | $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 | $851.5M | $866.0M |
| 总债务越低越好 | $1.5B | $2.3B |
| 股东权益账面价值 | $972.5M | $2.1B |
| 总资产 | $4.4B | $6.3B |
| 负债/权益比越低杠杆越低 | 1.58× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资BGCMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $851.5M | $1.2B | ||
| Q3 25 | $774.9M | $691.9M | ||
| Q2 25 | $827.8M | $870.5M | ||
| Q1 25 | $966.4M | $1.2B | ||
| Q4 24 | $711.6M | $1.4B | ||
| Q3 24 | $563.5M | $723.5M | ||
| Q2 24 | $571.7M | $722.4M |
总债务BGCMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.8B | $2.3B | ||
| Q2 25 | $1.8B | $2.3B | ||
| Q1 25 | $1.1B | $2.3B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.4B | $2.3B |
股东权益BGCMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $972.5M | $2.2B | ||
| Q3 25 | $965.3M | $2.3B | ||
| Q2 25 | $930.5M | $2.2B | ||
| Q1 25 | $963.8M | $2.1B | ||
| Q4 24 | $898.5M | $2.3B | ||
| Q3 24 | $860.1M | $2.3B | ||
| Q2 24 | $858.1M | $2.0B |
总资产BGCMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $4.4B | $6.6B | ||
| Q3 25 | $5.8B | $6.6B | ||
| Q2 25 | $4.9B | $6.2B | ||
| Q1 25 | $4.9B | $6.2B | ||
| Q4 24 | $3.6B | $6.5B | ||
| Q3 24 | $4.4B | $6.5B | ||
| Q2 24 | $4.3B | $5.9B |
负债/权益比BGCMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 1.58× | 1.04× | ||
| Q3 25 | 1.90× | 1.03× | ||
| Q2 25 | 1.97× | 1.08× | ||
| Q1 25 | 1.19× | 1.10× | ||
| Q4 24 | 1.27× | 1.03× | ||
| Q3 24 | 1.68× | 1.01× | ||
| Q2 24 | 1.68× | 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 | $180.4M | — |
| 自由现金流经营现金流 - 资本支出 | $175.1M | $-88.1M |
| 自由现金流率自由现金流/营收 | 27.4% | -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 | 12.55× | — |
| 过去12个月自由现金流最近4个季度 | $372.9M | — |
8季度趋势，按日历期对齐
经营现金流BGCMAT
| Q1 26 | — | — | ||
| Q4 25 | $180.4M | $796.6M | ||
| Q3 25 | $141.9M | $72.0M | ||
| Q2 25 | $71.2M | $-300.1M | ||
| Q1 25 | $839.0K | $24.8M | ||
| Q4 24 | $251.9M | $862.1M | ||
| Q3 24 | $88.3M | $155.8M | ||
| Q2 24 | $-53.0M | $-252.9M |
自由现金流BGCMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $175.1M | — | ||
| Q3 25 | $137.2M | — | ||
| Q2 25 | $65.0M | — | ||
| Q1 25 | $-4.4M | — | ||
| Q4 24 | $245.6M | — | ||
| Q3 24 | $78.8M | — | ||
| Q2 24 | $-63.5M | — |
自由现金流率BGCMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 27.4% | — | ||
| Q3 25 | 22.1% | — | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | -0.8% | — | ||
| Q4 24 | 51.7% | — | ||
| Q3 24 | 17.5% | — | ||
| Q2 24 | -14.6% | — |
资本支出强度BGCMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 2.4% | — |
现金转化率BGCMAT
| Q1 26 | — | — | ||
| Q4 25 | 12.55× | 7.50× | ||
| Q3 25 | 5.09× | 0.26× | ||
| Q2 25 | 1.24× | -5.62× | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 9.99× | 6.12× | ||
| Q3 24 | 5.99× | 0.42× | ||
| Q2 24 | -1.40× | -4.45× |
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
BGC
| Commissions | $590.2M | 92% |
| Data Software And Post Trade | $36.7M | 6% |
| Fees From Related Parties | $4.6M | 1% |
MAT
暂无分部数据
