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CULLEN/FROST BANKERS, INC.（CFR）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CULLEN/FROST BANKERS, INC.的1.5倍（$862.2M vs $580.9M），CULLEN/FROST BANKERS, INC.净利率更高（28.6% vs 7.1%，领先21.5%），CULLEN/FROST BANKERS, INC.同比增速更快（8.3% vs 4.3%），CULLEN/FROST BANKERS, INC.自由现金流更多（$127.3M vs $-88.1M），过去两年CULLEN/FROST BANKERS, INC.的营收复合增速更高（7.6% vs -10.6%）
Frost Bank是总部位于美国圣安东尼奥的德克萨斯州特许银行，为银行控股公司卡伦/弗罗斯特银行家集团的核心子公司。其在得克萨斯州共设有200家营业网点、1750台自动柜员机，按总资产规模统计位列全美前60大银行之列。
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。
CFR vs MAT — 直观对比
营收规模更大
MAT
是对方的1.5倍
$580.9M
营收增速更快
CFR
高出4.0%
4.3%
净利率更高
CFR
高出21.5%
7.1%
自由现金流更多
CFR
多$215.4M
$-88.1M
两年增速更快
CFR
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $580.9M | $862.2M |
| 净利润 | $166.3M | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | 34.1% | — |
| 净利率 | 28.6% | 7.1% |
| 营收同比 | 8.3% | 4.3% |
| 净利润同比 | 7.4% | 251.4% |
| 每股收益（稀释后） | $2.56 | $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CFRMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $580.9M | $1.8B | ||
| Q3 25 | $567.3M | $1.7B | ||
| Q2 25 | $546.9M | $1.0B | ||
| Q1 25 | $540.2M | $826.6M | ||
| Q4 24 | $536.3M | $1.6B | ||
| Q3 24 | $518.0M | $1.8B | ||
| Q2 24 | $507.9M | $1.1B |
净利润CFRMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $166.3M | $106.2M | ||
| Q3 25 | $174.4M | $278.4M | ||
| Q2 25 | $157.0M | $53.4M | ||
| Q1 25 | $150.9M | $-40.3M | ||
| Q4 24 | $154.9M | $140.9M | ||
| Q3 24 | $146.5M | $372.4M | ||
| Q2 24 | $145.5M | $56.9M |
毛利率CFRMAT
| 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CFRMAT
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | 8.0% | ||
| Q3 25 | 36.7% | 21.9% | ||
| Q2 25 | 34.1% | 7.7% | ||
| Q1 25 | 33.2% | -6.4% | ||
| Q4 24 | 34.3% | 9.6% | ||
| Q3 24 | 33.8% | 26.5% | ||
| Q2 24 | 34.5% | 7.7% |
净利率CFRMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 28.6% | 6.0% | ||
| Q3 25 | 30.7% | 16.0% | ||
| Q2 25 | 28.7% | 5.2% | ||
| Q1 25 | 27.9% | -4.9% | ||
| Q4 24 | 28.9% | 8.6% | ||
| Q3 24 | 28.3% | 20.2% | ||
| Q2 24 | 28.6% | 5.3% |
每股收益（稀释后）CFRMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $2.56 | $0.32 | ||
| Q3 25 | $2.67 | $0.88 | ||
| Q2 25 | $2.39 | $0.16 | ||
| Q1 25 | $2.30 | $-0.12 | ||
| Q4 24 | $2.36 | $0.40 | ||
| Q3 24 | $2.24 | $1.09 | ||
| Q2 24 | $2.21 | $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 | — | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $4.6B | $2.1B |
| 总资产 | $53.0B | $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CFRMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $691.9M | ||
| Q2 25 | — | $870.5M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $723.5M | ||
| Q2 24 | — | $722.4M |
总债务CFRMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益CFRMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $4.6B | $2.2B | ||
| Q3 25 | $4.5B | $2.3B | ||
| Q2 25 | $4.2B | $2.2B | ||
| Q1 25 | $4.1B | $2.1B | ||
| Q4 24 | $3.9B | $2.3B | ||
| Q3 24 | $4.1B | $2.3B | ||
| Q2 24 | $3.7B | $2.0B |
总资产CFRMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $53.0B | $6.6B | ||
| Q3 25 | $52.5B | $6.6B | ||
| Q2 25 | $51.4B | $6.2B | ||
| Q1 25 | $52.0B | $6.2B | ||
| Q4 24 | $52.5B | $6.5B | ||
| Q3 24 | $51.0B | $6.5B | ||
| Q2 24 | $48.8B | $5.9B |
负债/权益比CFRMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 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 | $274.0M | — |
| 自由现金流经营现金流 - 资本支出 | $127.3M | $-88.1M |
| 自由现金流率自由现金流/营收 | 21.9% | -10.2% |
| 资本支出强度资本支出/营收 | 25.2% | 7.6% |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | $116.4M | — |
8季度趋势，按日历期对齐
经营现金流CFRMAT
| Q1 26 | — | — | ||
| Q4 25 | $274.0M | $796.6M | ||
| Q3 25 | $248.6M | $72.0M | ||
| Q2 25 | $140.8M | $-300.1M | ||
| Q1 25 | $-296.1M | $24.8M | ||
| Q4 24 | $989.5M | $862.1M | ||
| Q3 24 | $307.2M | $155.8M | ||
| Q2 24 | $129.6M | $-252.9M |
自由现金流CFRMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $127.3M | — | ||
| Q3 25 | $211.7M | — | ||
| Q2 25 | $114.5M | — | ||
| Q1 25 | $-337.1M | — | ||
| Q4 24 | $861.8M | — | ||
| Q3 24 | $281.9M | — | ||
| Q2 24 | $103.0M | — |
自由现金流率CFRMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 21.9% | — | ||
| Q3 25 | 37.3% | — | ||
| Q2 25 | 20.9% | — | ||
| Q1 25 | -62.4% | — | ||
| Q4 24 | 160.7% | — | ||
| Q3 24 | 54.4% | — | ||
| Q2 24 | 20.3% | — |
资本支出强度CFRMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 25.2% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | 7.6% | — | ||
| Q4 24 | 23.8% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 5.2% | — |
现金转化率CFRMAT
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | 7.50× | ||
| Q3 25 | 1.43× | 0.26× | ||
| Q2 25 | 0.90× | -5.62× | ||
| Q1 25 | -1.96× | — | ||
| Q4 24 | 6.39× | 6.12× | ||
| Q3 24 | 2.10× | 0.42× | ||
| Q2 24 | 0.89× | -4.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
