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AMERICOLD REALTY TRUST（COLD）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AMERICOLD REALTY TRUST的1.3倍（$862.2M vs $643.1M），美泰净利率更高（7.1% vs -13.7%，领先20.8%），美泰同比增速更快（4.3% vs -0.7%），AMERICOLD REALTY TRUST自由现金流更多（$-12.2M vs $-88.1M），过去两年AMERICOLD REALTY TRUST的营收复合增速更高（-0.6% vs -10.6%）
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
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。
COLD vs MAT — 直观对比
营收规模更大
MAT
是对方的1.3倍
$643.1M
营收增速更快
MAT
高出5.0%
-0.7%
净利率更高
MAT
高出20.8%
-13.7%
自由现金流更多
COLD
多$75.9M
$-88.1M
两年增速更快
COLD
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $862.2M |
| 净利润 | $-88.3M | $61.0M |
| 毛利率 | 31.3% | 44.9% |
| 营业利润率 | -10.8% | — |
| 净利率 | -13.7% | 7.1% |
| 营收同比 | -0.7% | 4.3% |
| 净利润同比 | -143.9% | 251.4% |
| 每股收益（稀释后） | $-0.31 | $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COLDMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $643.1M | $1.8B | ||
| Q3 25 | $649.0M | $1.7B | ||
| Q2 25 | $635.1M | $1.0B | ||
| Q1 25 | $613.7M | $826.6M | ||
| Q4 24 | $647.4M | $1.6B | ||
| Q3 24 | $660.4M | $1.8B | ||
| Q2 24 | $645.6M | $1.1B |
净利润COLDMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $-88.3M | $106.2M | ||
| Q3 25 | $-11.4M | $278.4M | ||
| Q2 25 | $1.5M | $53.4M | ||
| Q1 25 | $-16.4M | $-40.3M | ||
| Q4 24 | $-36.2M | $140.9M | ||
| Q3 24 | $-3.7M | $372.4M | ||
| Q2 24 | $-64.1M | $56.9M |
毛利率COLDMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 31.3% | 45.9% | ||
| Q3 25 | 29.3% | 50.0% | ||
| Q2 25 | 30.9% | 50.9% | ||
| Q1 25 | 31.1% | 49.4% | ||
| Q4 24 | 29.7% | 50.7% | ||
| Q3 24 | 29.6% | 53.1% | ||
| Q2 24 | 31.0% | 49.2% |
营业利润率COLDMAT
| Q1 26 | — | — | ||
| Q4 25 | -10.8% | 8.0% | ||
| Q3 25 | 2.6% | 21.9% | ||
| Q2 25 | 5.9% | 7.7% | ||
| Q1 25 | 3.6% | -6.4% | ||
| Q4 24 | -1.8% | 9.6% | ||
| Q3 24 | 4.6% | 26.5% | ||
| Q2 24 | 9.8% | 7.7% |
净利率COLDMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | -13.7% | 6.0% | ||
| Q3 25 | -1.8% | 16.0% | ||
| Q2 25 | 0.2% | 5.2% | ||
| Q1 25 | -2.7% | -4.9% | ||
| Q4 24 | -5.6% | 8.6% | ||
| Q3 24 | -0.6% | 20.2% | ||
| Q2 24 | -9.9% | 5.3% |
每股收益（稀释后）COLDMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $-0.31 | $0.32 | ||
| Q3 25 | $-0.04 | $0.88 | ||
| Q2 25 | $0.01 | $0.16 | ||
| Q1 25 | $-0.06 | $-0.12 | ||
| Q4 24 | $-0.12 | $0.40 | ||
| Q3 24 | $-0.01 | $1.09 | ||
| Q2 24 | $-0.23 | $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 | $136.9M | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.9B | $2.1B |
| 总资产 | $8.1B | $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COLDMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $136.9M | $1.2B | ||
| Q3 25 | $33.3M | $691.9M | ||
| Q2 25 | $101.4M | $870.5M | ||
| Q1 25 | $38.9M | $1.2B | ||
| Q4 24 | $47.7M | $1.4B | ||
| Q3 24 | $61.3M | $723.5M | ||
| Q2 24 | $44.2M | $722.4M |
总债务COLDMAT
| 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COLDMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.9B | $2.2B | ||
| Q3 25 | $3.0B | $2.3B | ||
| Q2 25 | $3.1B | $2.2B | ||
| Q1 25 | $3.2B | $2.1B | ||
| Q4 24 | $3.3B | $2.3B | ||
| Q3 24 | $3.4B | $2.3B | ||
| Q2 24 | $3.4B | $2.0B |
总资产COLDMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $8.1B | $6.6B | ||
| Q3 25 | $8.1B | $6.6B | ||
| Q2 25 | $8.1B | $6.2B | ||
| Q1 25 | $7.8B | $6.2B | ||
| Q4 24 | $7.7B | $6.5B | ||
| Q3 24 | $7.9B | $6.5B | ||
| Q2 24 | $7.8B | $5.9B |
负债/权益比COLDMAT
| 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 | $130.2M | — |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $-88.1M |
| 自由现金流率自由现金流/营收 | -1.9% | -10.2% |
| 资本支出强度资本支出/营收 | 22.1% | 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 | $-217.2M | — |
8季度趋势，按日历期对齐
经营现金流COLDMAT
| Q1 26 | — | — | ||
| Q4 25 | $130.2M | $796.6M | ||
| Q3 25 | $78.9M | $72.0M | ||
| Q2 25 | $120.3M | $-300.1M | ||
| Q1 25 | $30.2M | $24.8M | ||
| Q4 24 | $162.6M | $862.1M | ||
| Q3 24 | $50.6M | $155.8M | ||
| Q2 24 | $136.7M | $-252.9M |
自由现金流COLDMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $-12.2M | — | ||
| Q3 25 | $-65.4M | — | ||
| Q2 25 | $-57.4M | — | ||
| Q1 25 | $-82.3M | — | ||
| Q4 24 | $57.4M | — | ||
| Q3 24 | $-44.5M | — | ||
| Q2 24 | $73.3M | — |
自由现金流率COLDMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | -1.9% | — | ||
| Q3 25 | -10.1% | — | ||
| Q2 25 | -9.0% | — | ||
| Q1 25 | -13.4% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | -6.7% | — | ||
| Q2 24 | 11.4% | — |
资本支出强度COLDMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 22.1% | — | ||
| Q3 25 | 22.2% | — | ||
| Q2 25 | 28.0% | — | ||
| Q1 25 | 18.3% | — | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 14.4% | — | ||
| Q2 24 | 9.8% | — |
现金转化率COLDMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | 78.18× | -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
COLD
| Warehouse Services | $269.0M | 42% |
| Warehouse Rent And Storage | $199.9M | 31% |
| Other Facilities Costs | $60.0M | 9% |
| Transportation Segment | $48.3M | 8% |
| Power | $34.7M | 5% |
| Transportation | $22.0M | 3% |
| Third Party Managed Segment | $9.5M | 1% |
| Third Party Managed | $2.4M | 0% |
MAT
暂无分部数据
