vs
Barnes & Noble Education, Inc.（BNED）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Barnes & Noble Education, Inc.的1.4倍（$862.2M vs $598.2M），美泰净利率更高（7.1% vs 4.2%，领先2.9%），Barnes & Noble Education, Inc.同比增速更快（6.9% vs 4.3%），Barnes & Noble Education, Inc.自由现金流更多（$61.9M vs $-88.1M），过去两年Barnes & Noble Education, Inc.的营收复合增速更高（20.0% vs -10.6%）
巴诺教育旗下的巴诺书店是美国门店数量最多的图书零售商，目前在美国各地经营着七百多家线下实体门店，是美国本土颇具影响力的线下图书零售企业，深耕图书零售领域多年。
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。
BNED vs MAT — 直观对比
营收规模更大
MAT
是对方的1.4倍
$598.2M
营收增速更快
BNED
高出2.6%
4.3%
净利率更高
MAT
高出2.9%
4.2%
自由现金流更多
BNED
多$150.0M
$-88.1M
两年增速更快
BNED
近两年复合增速
-10.6%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $598.2M | $862.2M |
| 净利润 | $25.0M | $61.0M |
| 毛利率 | 21.7% | 44.9% |
| 营业利润率 | 6.8% | — |
| 净利率 | 4.2% | 7.1% |
| 营收同比 | 6.9% | 4.3% |
| 净利润同比 | -49.7% | 251.4% |
| 每股收益（稀释后） | $0.72 | $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BNEDMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $598.2M | $1.8B | ||
| Q3 25 | $274.2M | $1.7B | ||
| Q2 25 | $233.0M | $1.0B | ||
| Q1 25 | $419.7M | $826.6M | ||
| Q4 24 | $559.7M | $1.6B | ||
| Q3 24 | $250.9M | $1.8B | ||
| Q2 24 | $192.7M | $1.1B |
净利润BNEDMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $25.0M | $106.2M | ||
| Q3 25 | $-18.3M | $278.4M | ||
| Q2 25 | $-23.0M | $53.4M | ||
| Q1 25 | $17.9M | $-40.3M | ||
| Q4 24 | $43.2M | $140.9M | ||
| Q3 24 | $-103.9M | $372.4M | ||
| Q2 24 | $-41.9M | $56.9M |
毛利率BNEDMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 21.7% | 45.9% | ||
| Q3 25 | 20.2% | 50.0% | ||
| Q2 25 | 30.3% | 50.9% | ||
| Q1 25 | 22.3% | 49.4% | ||
| Q4 24 | 23.0% | 50.7% | ||
| Q3 24 | 17.9% | 53.1% | ||
| Q2 24 | 28.7% | 49.2% |
营业利润率BNEDMAT
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 8.0% | ||
| Q3 25 | -8.4% | 21.9% | ||
| Q2 25 | -4.9% | 7.7% | ||
| Q1 25 | 4.5% | -6.4% | ||
| Q4 24 | 8.4% | 9.6% | ||
| Q3 24 | -15.4% | 26.5% | ||
| Q2 24 | -16.3% | 7.7% |
净利率BNEDMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 4.2% | 6.0% | ||
| Q3 25 | -6.7% | 16.0% | ||
| Q2 25 | -9.9% | 5.2% | ||
| Q1 25 | 4.3% | -4.9% | ||
| Q4 24 | 7.7% | 8.6% | ||
| Q3 24 | -41.4% | 20.2% | ||
| Q2 24 | -21.7% | 5.3% |
每股收益（稀释后）BNEDMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $0.72 | $0.32 | ||
| Q3 25 | $-0.54 | $0.88 | ||
| Q2 25 | $2.97 | $0.16 | ||
| Q1 25 | $0.59 | $-0.12 | ||
| Q4 24 | $1.63 | $0.40 | ||
| Q3 24 | $-7.69 | $1.09 | ||
| Q2 24 | $-15.68 | $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 | $11.7M | $866.0M |
| 总债务越低越好 | $122.5M | $2.3B |
| 股东权益账面价值 | $283.2M | $2.1B |
| 总资产 | $1.1B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.43× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资BNEDMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $11.7M | $1.2B | ||
| Q3 25 | $7.3M | $691.9M | ||
| Q2 25 | $9.1M | $870.5M | ||
| Q1 25 | $9.2M | $1.2B | ||
| Q4 24 | $11.6M | $1.4B | ||
| Q3 24 | $8.2M | $723.5M | ||
| Q2 24 | $10.5M | $722.4M |
总债务BNEDMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $122.5M | $2.3B | ||
| Q3 25 | $170.0M | $2.3B | ||
| Q2 25 | $103.1M | $2.3B | ||
| Q1 25 | $141.2M | $2.3B | ||
| Q4 24 | $177.6M | $2.3B | ||
| Q3 24 | $221.9M | $2.3B | ||
| Q2 24 | $196.3M | $2.3B |
股东权益BNEDMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $283.2M | $2.2B | ||
| Q3 25 | $256.5M | $2.3B | ||
| Q2 25 | $272.2M | $2.2B | ||
| Q1 25 | $292.9M | $2.1B | ||
| Q4 24 | $211.4M | $2.3B | ||
| Q3 24 | $149.8M | $2.3B | ||
| Q2 24 | $80.4M | $2.0B |
总资产BNEDMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $1.1B | $6.6B | ||
| Q3 25 | $950.8M | $6.6B | ||
| Q2 25 | $790.3M | $6.2B | ||
| Q1 25 | $1.1B | $6.2B | ||
| Q4 24 | $1.0B | $6.5B | ||
| Q3 24 | $973.2M | $6.5B | ||
| Q2 24 | $909.9M | $5.9B |
负债/权益比BNEDMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 0.43× | 1.04× | ||
| Q3 25 | 0.66× | 1.03× | ||
| Q2 25 | 0.38× | 1.08× | ||
| Q1 25 | 0.48× | 1.10× | ||
| Q4 24 | 0.84× | 1.03× | ||
| Q3 24 | 1.48× | 1.01× | ||
| Q2 24 | 2.44× | 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 | $66.2M | — |
| 自由现金流经营现金流 - 资本支出 | $61.9M | $-88.1M |
| 自由现金流率自由现金流/营收 | 10.4% | -10.2% |
| 资本支出强度资本支出/营收 | 0.7% | 7.6% |
| 现金转化率经营现金流/净利润 | 2.65× | — |
| 过去12个月自由现金流最近4个季度 | $-4.6M | — |
8季度趋势，按日历期对齐
经营现金流BNEDMAT
| Q1 26 | — | — | ||
| Q4 25 | $66.2M | $796.6M | ||
| Q3 25 | $-67.6M | $72.0M | ||
| Q2 25 | $52.6M | $-300.1M | ||
| Q1 25 | $-41.9M | $24.8M | ||
| Q4 24 | $47.4M | $862.1M | ||
| Q3 24 | $-143.5M | $155.8M | ||
| Q2 24 | $81.7M | $-252.9M |
自由现金流BNEDMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $61.9M | — | ||
| Q3 25 | $-71.3M | — | ||
| Q2 25 | $49.5M | — | ||
| Q1 25 | $-44.7M | — | ||
| Q4 24 | $44.4M | — | ||
| Q3 24 | $-147.5M | — | ||
| Q2 24 | $79.1M | — |
自由现金流率BNEDMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 10.4% | — | ||
| Q3 25 | -26.0% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | -10.7% | — | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | -58.8% | — | ||
| Q2 24 | 41.1% | — |
资本支出强度BNEDMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.4% | — |
现金转化率BNEDMAT
| Q1 26 | — | — | ||
| Q4 25 | 2.65× | 7.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | -5.62× | ||
| Q1 25 | -2.34× | — | ||
| Q4 24 | 1.10× | 6.12× | ||
| Q3 24 | — | 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
业务分部营收拆解
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
MAT
暂无分部数据
