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Cincinnati Financial（CINF）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
Cincinnati Financial的季度营收约是美泰的1.6倍（$2.8B vs $1.8B），Cincinnati Financial净利率更高（9.6% vs 6.0%，领先3.6%），美泰同比增速更快（7.3% vs -1.7%），过去两年美泰的营收复合增速更高（47.7% vs 5.2%）
辛辛那提金融公司主营财产与意外伤害保险，通过旗下辛辛那提保险公司、辛辛那提赔偿公司及辛辛那提意外伤害保险公司运营核心业务。目前该公司在美国国内财险保费市场占比达1.01%，按市场份额计算位列美国第20大保险公司。
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。
CINF vs MAT — 直观对比
营收规模更大
CINF
是对方的1.6倍
$1.8B
营收增速更快
MAT
高出9.0%
-1.7%
净利率更高
CINF
高出3.6%
6.0%
两年增速更快
MAT
近两年复合增速
5.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.8B |
| 净利润 | $274.0M | $106.2M |
| 毛利率 | — | 45.9% |
| 营业利润率 | — | 8.0% |
| 净利率 | 9.6% | 6.0% |
| 营收同比 | -1.7% | 7.3% |
| 净利润同比 | 404.4% | -24.6% |
| 每股收益（稀释后） | — | $0.32 |
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CINFMAT
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.1B | $1.8B | ||
| Q3 25 | $3.7B | $1.7B | ||
| Q2 25 | $3.2B | $1.0B | ||
| Q1 25 | $2.6B | $826.6M | ||
| Q4 24 | $2.5B | $1.6B | ||
| Q3 24 | $3.3B | $1.8B | ||
| Q2 24 | $2.5B | $1.1B |
净利润CINFMAT
| Q1 26 | $274.0M | — | ||
| Q4 25 | $676.0M | $106.2M | ||
| Q3 25 | $1.1B | $278.4M | ||
| Q2 25 | $685.0M | $53.4M | ||
| Q1 25 | $-90.0M | $-40.3M | ||
| Q4 24 | $405.0M | $140.9M | ||
| Q3 24 | $820.0M | $372.4M | ||
| Q2 24 | $312.0M | $56.9M |
毛利率CINFMAT
| Q1 26 | — | — | ||
| 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CINFMAT
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | 8.0% | ||
| Q3 25 | 37.9% | 21.9% | ||
| Q2 25 | 26.3% | 7.7% | ||
| Q1 25 | -5.0% | -6.4% | ||
| Q4 24 | 18.9% | 9.6% | ||
| Q3 24 | 31.3% | 26.5% | ||
| Q2 24 | 15.2% | 7.7% |
净利率CINFMAT
| Q1 26 | 9.6% | — | ||
| Q4 25 | 21.9% | 6.0% | ||
| Q3 25 | 30.1% | 16.0% | ||
| Q2 25 | 21.1% | 5.2% | ||
| Q1 25 | -3.5% | -4.9% | ||
| Q4 24 | 16.0% | 8.6% | ||
| Q3 24 | 24.7% | 20.2% | ||
| Q2 24 | 12.3% | 5.3% |
每股收益（稀释后）CINFMAT
| Q1 26 | — | — | ||
| Q4 25 | $4.29 | $0.32 | ||
| Q3 25 | $7.11 | $0.88 | ||
| Q2 25 | $4.34 | $0.16 | ||
| Q1 25 | $-0.57 | $-0.12 | ||
| Q4 24 | $2.57 | $0.40 | ||
| Q3 24 | $5.20 | $1.09 | ||
| Q2 24 | $1.98 | $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 | $1.2B | $1.2B |
| 总债务越低越好 | $816.0M | $2.3B |
| 股东权益账面价值 | $15.7B | $2.2B |
| 总资产 | $41.2B | $6.6B |
| 负债/权益比越低杠杆越低 | 0.05× | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资CINFMAT
| Q1 26 | $1.2B | — | ||
| Q4 25 | $148.0M | $1.2B | ||
| Q3 25 | $1.6B | $691.9M | ||
| Q2 25 | $1.1B | $870.5M | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.8B | $723.5M | ||
| Q2 24 | $771.0M | $722.4M |
总债务CINFMAT
| Q1 26 | $816.0M | — | ||
| Q4 25 | $861.0M | $2.3B | ||
| Q3 25 | $858.0M | $2.3B | ||
| Q2 25 | $859.0M | $2.3B | ||
| Q1 25 | $853.0M | $2.3B | ||
| Q4 24 | $850.0M | $2.3B | ||
| Q3 24 | $849.0M | $2.3B | ||
| Q2 24 | $849.0M | $2.3B |
股东权益CINFMAT
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.9B | $2.2B | ||
| Q3 25 | $15.4B | $2.3B | ||
| Q2 25 | $14.3B | $2.2B | ||
| Q1 25 | $13.7B | $2.1B | ||
| Q4 24 | $13.9B | $2.3B | ||
| Q3 24 | $13.8B | $2.3B | ||
| Q2 24 | $12.8B | $2.0B |
总资产CINFMAT
| Q1 26 | $41.2B | — | ||
| Q4 25 | $41.0B | $6.6B | ||
| Q3 25 | $40.6B | $6.6B | ||
| Q2 25 | $38.8B | $6.2B | ||
| Q1 25 | $37.3B | $6.2B | ||
| Q4 24 | $36.5B | $6.5B | ||
| Q3 24 | $37.0B | $6.5B | ||
| Q2 24 | $34.8B | $5.9B |
负债/权益比CINFMAT
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.05× | 1.04× | ||
| Q3 25 | 0.06× | 1.03× | ||
| Q2 25 | 0.06× | 1.08× | ||
| Q1 25 | 0.06× | 1.10× | ||
| Q4 24 | 0.06× | 1.03× | ||
| Q3 24 | 0.06× | 1.01× | ||
| Q2 24 | 0.07× | 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 | — | $796.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 7.50× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CINFMAT
| Q1 26 | — | — | ||
| Q4 25 | $947.0M | $796.6M | ||
| Q3 25 | $1.1B | $72.0M | ||
| Q2 25 | $741.0M | $-300.1M | ||
| Q1 25 | $310.0M | $24.8M | ||
| Q4 24 | $642.0M | $862.1M | ||
| Q3 24 | $912.0M | $155.8M | ||
| Q2 24 | $742.0M | $-252.9M |
自由现金流CINFMAT
| Q1 26 | — | — | ||
| Q4 25 | $939.0M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $737.0M | — | ||
| Q1 25 | $307.0M | — | ||
| Q4 24 | $638.0M | — | ||
| Q3 24 | $906.0M | — | ||
| Q2 24 | $737.0M | — |
自由现金流率CINFMAT
| Q1 26 | — | — | ||
| Q4 25 | 30.4% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 22.7% | — | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 29.0% | — |
资本支出强度CINFMAT
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.2% | — |
现金转化率CINFMAT
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 7.50× | ||
| Q3 25 | 0.99× | 0.26× | ||
| Q2 25 | 1.08× | -5.62× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.59× | 6.12× | ||
| Q3 24 | 1.11× | 0.42× | ||
| Q2 24 | 2.38× | -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
CINF
| Property casualty | $2.6B | 93% |
| Life | $105.0M | 4% |
| Other | $92.0M | 3% |
| Fee revenues | $1.0M | 0% |
MAT
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
