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卡博特（CBT）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卡博特的1.0倍（$862.2M vs $849.0M），卡博特净利率更高（8.6% vs 7.1%，领先1.5%），美泰同比增速更快（4.3% vs -11.1%），卡博特自由现金流更多（$57.0M vs $-88.1M），过去两年卡博特的营收复合增速更高（-8.7% vs -10.6%）
卡博特公司是总部位于美国马萨诸塞州波士顿的特种化学品和高性能材料企业，业务覆盖全球20多个国家，拥有36座生产工厂、8个研发中心及28个销售办事处，在特种材料领域具备全球领先的技术和服务能力。
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。
CBT vs MAT — 直观对比
营收规模更大
MAT
是对方的1.0倍
$849.0M
营收增速更快
MAT
高出15.4%
-11.1%
净利率更高
CBT
高出1.5%
7.1%
自由现金流更多
CBT
多$145.1M
$-88.1M
两年增速更快
CBT
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $849.0M | $862.2M |
| 净利润 | $73.0M | $61.0M |
| 毛利率 | 24.9% | 44.9% |
| 营业利润率 | 15.2% | — |
| 净利率 | 8.6% | 7.1% |
| 营收同比 | -11.1% | 4.3% |
| 净利润同比 | -21.5% | 251.4% |
| 每股收益（稀释后） | $1.37 | $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CBTMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $849.0M | $1.8B | ||
| Q3 25 | $899.0M | $1.7B | ||
| Q2 25 | $923.0M | $1.0B | ||
| Q1 25 | $936.0M | $826.6M | ||
| Q4 24 | $955.0M | $1.6B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $1.0B | $1.1B |
净利润CBTMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $73.0M | $106.2M | ||
| Q3 25 | $43.0M | $278.4M | ||
| Q2 25 | $101.0M | $53.4M | ||
| Q1 25 | $94.0M | $-40.3M | ||
| Q4 24 | $93.0M | $140.9M | ||
| Q3 24 | $137.0M | $372.4M | ||
| Q2 24 | $109.0M | $56.9M |
毛利率CBTMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 24.9% | 45.9% | ||
| Q3 25 | 24.5% | 50.0% | ||
| Q2 25 | 26.4% | 50.9% | ||
| Q1 25 | 25.7% | 49.4% | ||
| Q4 24 | 24.6% | 50.7% | ||
| Q3 24 | 24.0% | 53.1% | ||
| Q2 24 | 25.2% | 49.2% |
营业利润率CBTMAT
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | 8.0% | ||
| Q3 25 | 15.2% | 21.9% | ||
| Q2 25 | 18.1% | 7.7% | ||
| Q1 25 | 17.3% | -6.4% | ||
| Q4 24 | 16.2% | 9.6% | ||
| Q3 24 | 15.0% | 26.5% | ||
| Q2 24 | 16.9% | 7.7% |
净利率CBTMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 8.6% | 6.0% | ||
| Q3 25 | 4.8% | 16.0% | ||
| Q2 25 | 10.9% | 5.2% | ||
| Q1 25 | 10.0% | -4.9% | ||
| Q4 24 | 9.7% | 8.6% | ||
| Q3 24 | 13.7% | 20.2% | ||
| Q2 24 | 10.7% | 5.3% |
每股收益（稀释后）CBTMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $1.37 | $0.32 | ||
| Q3 25 | $0.80 | $0.88 | ||
| Q2 25 | $1.86 | $0.16 | ||
| Q1 25 | $1.69 | $-0.12 | ||
| Q4 24 | $1.67 | $0.40 | ||
| Q3 24 | $2.41 | $1.09 | ||
| Q2 24 | $1.94 | $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 | $230.0M | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $1.6B | $2.1B |
| 总资产 | $3.8B | $6.3B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资CBTMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $230.0M | $1.2B | ||
| Q3 25 | $258.0M | $691.9M | ||
| Q2 25 | $239.0M | $870.5M | ||
| Q1 25 | $213.0M | $1.2B | ||
| Q4 24 | $183.0M | $1.4B | ||
| Q3 24 | $223.0M | $723.5M | ||
| Q2 24 | $197.0M | $722.4M |
总债务CBTMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | $1.1B | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $1.1B | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益CBTMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.3B | $2.0B |
总资产CBTMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $3.8B | $6.6B | ||
| Q3 25 | $3.8B | $6.6B | ||
| Q2 25 | $3.8B | $6.2B | ||
| Q1 25 | $3.8B | $6.2B | ||
| Q4 24 | $3.6B | $6.5B | ||
| Q3 24 | $3.7B | $6.5B | ||
| Q2 24 | $3.6B | $5.9B |
负债/权益比CBTMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | 0.70× | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | 0.75× | 1.01× | ||
| Q2 24 | — | 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 | $126.0M | — |
| 自由现金流经营现金流 - 资本支出 | $57.0M | $-88.1M |
| 自由现金流率自由现金流/营收 | 6.7% | -10.2% |
| 资本支出强度资本支出/营收 | 8.1% | 7.6% |
| 现金转化率经营现金流/净利润 | 1.73× | — |
| 过去12个月自由现金流最近4个季度 | $401.0M | — |
8季度趋势，按日历期对齐
经营现金流CBTMAT
| Q1 26 | — | — | ||
| Q4 25 | $126.0M | $796.6M | ||
| Q3 25 | $219.0M | $72.0M | ||
| Q2 25 | $249.0M | $-300.1M | ||
| Q1 25 | $73.0M | $24.8M | ||
| Q4 24 | $124.0M | $862.1M | ||
| Q3 24 | $204.0M | $155.8M | ||
| Q2 24 | $207.0M | $-252.9M |
自由现金流CBTMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $57.0M | — | ||
| Q3 25 | $155.0M | — | ||
| Q2 25 | $188.0M | — | ||
| Q1 25 | $1.0M | — | ||
| Q4 24 | $47.0M | — | ||
| Q3 24 | $112.0M | — | ||
| Q2 24 | $155.0M | — |
自由现金流率CBTMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 6.7% | — | ||
| Q3 25 | 17.2% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 11.2% | — | ||
| Q2 24 | 15.3% | — |
资本支出强度CBTMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 8.1% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 5.1% | — |
现金转化率CBTMAT
| Q1 26 | — | — | ||
| Q4 25 | 1.73× | 7.50× | ||
| Q3 25 | 5.09× | 0.26× | ||
| Q2 25 | 2.47× | -5.62× | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 1.33× | 6.12× | ||
| Q3 24 | 1.49× | 0.42× | ||
| Q2 24 | 1.90× | -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
CBT
| Reinforcement Materials | $520.0M | 61% |
| Performance Chemicals | $300.0M | 35% |
| Shipping And Handling | $25.0M | 3% |
| Other Products And Services | $4.0M | 0% |
MAT
暂无分部数据
