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Calumet, Inc.（CLMT）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
Calumet, Inc.的季度营收约是美泰的1.2倍（$1.0B vs $862.2M），美泰净利率更高（7.1% vs -3.6%，领先10.7%），Calumet, Inc.自由现金流更多（$103.8M vs $-88.1M）
Calumet是总部位于美国的特种产品企业，专注于生产和分销高价值碳氢化合物与特种化学品，产品覆盖特种油、润滑剂、蜡制品及可再生燃料解决方案，服务北美及全球的工业、消费、交通等下游领域。
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。
CLMT vs MAT — 直观对比
营收规模更大
CLMT
是对方的1.2倍
$862.2M
净利率更高
MAT
高出10.7%
-3.6%
自由现金流更多
CLMT
多$191.9M
$-88.1M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $862.2M |
| 净利润 | $-37.3M | $61.0M |
| 毛利率 | -0.3% | 44.9% |
| 营业利润率 | -6.2% | — |
| 净利率 | -3.6% | 7.1% |
| 营收同比 | — | 4.3% |
| 净利润同比 | — | 251.4% |
| 每股收益（稀释后） | $-0.43 | $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CLMTMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $1.0B | $1.8B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $993.9M | $826.6M | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.1B | $1.1B |
净利润CLMTMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $-37.3M | $106.2M | ||
| Q3 25 | $313.4M | $278.4M | ||
| Q2 25 | $-147.9M | $53.4M | ||
| Q1 25 | $-162.0M | $-40.3M | ||
| Q4 24 | — | $140.9M | ||
| Q3 24 | $-100.6M | $372.4M | ||
| Q2 24 | $-39.1M | $56.9M |
毛利率CLMTMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | -0.3% | 45.9% | ||
| Q3 25 | 34.7% | 50.0% | ||
| Q2 25 | -4.2% | 50.9% | ||
| Q1 25 | -8.2% | 49.4% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | 0.4% | 53.1% | ||
| Q2 24 | 5.6% | 49.2% |
营业利润率CLMTMAT
| Q1 26 | — | — | ||
| Q4 25 | -6.2% | 8.0% | ||
| Q3 25 | 30.0% | 21.9% | ||
| Q2 25 | -9.8% | 7.7% | ||
| Q1 25 | -4.9% | -6.4% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | -5.2% | 26.5% | ||
| Q2 24 | 0.5% | 7.7% |
净利率CLMTMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | -3.6% | 6.0% | ||
| Q3 25 | 29.1% | 16.0% | ||
| Q2 25 | -14.4% | 5.2% | ||
| Q1 25 | -16.3% | -4.9% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | -9.1% | 20.2% | ||
| Q2 24 | -3.4% | 5.3% |
每股收益（稀释后）CLMTMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $-0.43 | $0.32 | ||
| Q3 25 | $3.61 | $0.88 | ||
| Q2 25 | $-1.70 | $0.16 | ||
| Q1 25 | $-1.87 | $-0.12 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | $-1.18 | $1.09 | ||
| Q2 24 | $-0.48 | $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 | $125.1M | $866.0M |
| 总债务越低越好 | $2.1B | $2.3B |
| 股东权益账面价值 | $-732.7M | $2.1B |
| 总资产 | $2.7B | $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CLMTMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $125.1M | $1.2B | ||
| Q3 25 | $94.6M | $691.9M | ||
| Q2 25 | $110.6M | $870.5M | ||
| Q1 25 | $123.4M | $1.2B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $34.6M | $723.5M | ||
| Q2 24 | $7.0M | $722.4M |
总债务CLMTMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.1B | $2.3B | ||
| Q3 25 | $2.1B | $2.3B | ||
| Q2 25 | $2.1B | $2.3B | ||
| Q1 25 | $2.3B | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $1.7B | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益CLMTMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $-732.7M | $2.2B | ||
| Q3 25 | $-695.3M | $2.3B | ||
| Q2 25 | $-1.0B | $2.2B | ||
| Q1 25 | $-862.3M | $2.1B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $-672.2M | $2.3B | ||
| Q2 24 | $-566.4M | $2.0B |
总资产CLMTMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $2.7B | $6.6B | ||
| Q3 25 | $2.7B | $6.6B | ||
| Q2 25 | $2.8B | $6.2B | ||
| Q1 25 | $2.8B | $6.2B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | $2.6B | $6.5B | ||
| Q2 24 | $100 | $5.9B |
负债/权益比CLMTMAT
| 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 | $116.5M | — |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $-88.1M |
| 自由现金流率自由现金流/营收 | 10.0% | -10.2% |
| 资本支出强度资本支出/营收 | 1.2% | 7.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $56.6M | — |
8季度趋势，按日历期对齐
经营现金流CLMTMAT
| Q1 26 | — | — | ||
| Q4 25 | $116.5M | $796.6M | ||
| Q3 25 | $23.5M | $72.0M | ||
| Q2 25 | $-1.8M | $-300.1M | ||
| Q1 25 | $-29.3M | $24.8M | ||
| Q4 24 | — | $862.1M | ||
| Q3 24 | $-15.5M | $155.8M | ||
| Q2 24 | — | $-252.9M |
自由现金流CLMTMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $103.8M | — | ||
| Q3 25 | $15.1M | — | ||
| Q2 25 | $-15.4M | — | ||
| Q1 25 | $-46.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-32.2M | — | ||
| Q2 24 | — | — |
自由现金流率CLMTMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 10.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | -1.5% | — | ||
| Q1 25 | -4.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -2.9% | — | ||
| Q2 24 | — | — |
资本支出强度CLMTMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 2.2% | — |
现金转化率CLMTMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | 0.07× | 0.26× | ||
| Q2 25 | — | -5.62× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 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
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
MAT
暂无分部数据
