vs
AMERICOLD REALTY TRUST（COLD）与Mativ Holdings, Inc.（MATV）财务数据对比。点击上方公司名可切换其他公司
AMERICOLD REALTY TRUST的季度营收约是Mativ Holdings, Inc.的1.4倍（$643.1M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs -13.7%，领先35.5%），Mativ Holdings, Inc.同比增速更快（1.0% vs -0.7%），Mativ Holdings, Inc.自由现金流更多（$8.0M vs $-12.2M），过去两年AMERICOLD REALTY TRUST的营收复合增速更高（-0.6% vs -3.8%）
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。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
COLD vs MATV — 直观对比
营收规模更大
COLD
是对方的1.4倍
$463.1M
营收增速更快
MATV
高出1.6%
-0.7%
净利率更高
MATV
高出35.5%
-13.7%
自由现金流更多
MATV
多$20.2M
$-12.2M
两年增速更快
COLD
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $463.1M |
| 净利润 | $-88.3M | $100.8M |
| 毛利率 | 31.3% | 18.8% |
| 营业利润率 | -10.8% | 2.2% |
| 净利率 | -13.7% | 21.8% |
| 营收同比 | -0.7% | 1.0% |
| 净利润同比 | -143.9% | 6620.0% |
| 每股收益（稀释后） | $-0.31 | $1.87 |
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COLDMATV
| Q4 25 | $643.1M | $463.1M | ||
| Q3 25 | $649.0M | $513.7M | ||
| Q2 25 | $635.1M | $525.4M | ||
| Q1 25 | $613.7M | $484.8M | ||
| Q4 24 | $647.4M | $458.6M | ||
| Q3 24 | $660.4M | $498.5M | ||
| Q2 24 | $645.6M | $523.8M | ||
| Q1 24 | $651.4M | $500.2M |
净利润COLDMATV
| Q4 25 | $-88.3M | $100.8M | ||
| Q3 25 | $-11.4M | $-3.2M | ||
| Q2 25 | $1.5M | $-9.5M | ||
| Q1 25 | $-16.4M | $-425.5M | ||
| Q4 24 | $-36.2M | $1.5M | ||
| Q3 24 | $-3.7M | $-20.8M | ||
| Q2 24 | $-64.1M | $-1.4M | ||
| Q1 24 | $9.7M | $-28.0M |
毛利率COLDMATV
| Q4 25 | 31.3% | 18.8% | ||
| Q3 25 | 29.3% | 19.3% | ||
| Q2 25 | 30.9% | 19.7% | ||
| Q1 25 | 31.1% | 15.0% | ||
| Q4 24 | 29.7% | 16.9% | ||
| Q3 24 | 29.6% | 18.8% | ||
| Q2 24 | 31.0% | 20.8% | ||
| Q1 24 | 30.3% | 16.8% |
营业利润率COLDMATV
| Q4 25 | -10.8% | 2.2% | ||
| Q3 25 | 2.6% | 3.1% | ||
| Q2 25 | 5.9% | 3.8% | ||
| Q1 25 | 3.6% | -88.8% | ||
| Q4 24 | -1.8% | 0.6% | ||
| Q3 24 | 4.6% | 1.4% | ||
| Q2 24 | 9.8% | 2.0% | ||
| Q1 24 | 6.4% | -2.8% |
净利率COLDMATV
| Q4 25 | -13.7% | 21.8% | ||
| Q3 25 | -1.8% | -0.6% | ||
| Q2 25 | 0.2% | -1.8% | ||
| Q1 25 | -2.7% | -87.8% | ||
| Q4 24 | -5.6% | 0.3% | ||
| Q3 24 | -0.6% | -4.2% | ||
| Q2 24 | -9.9% | -0.3% | ||
| Q1 24 | 1.5% | -5.6% |
每股收益（稀释后）COLDMATV
| Q4 25 | $-0.31 | $1.87 | ||
| Q3 25 | $-0.04 | $-0.06 | ||
| Q2 25 | $0.01 | $-0.18 | ||
| Q1 25 | $-0.06 | $-7.82 | ||
| Q4 24 | $-0.12 | $0.03 | ||
| Q3 24 | $-0.01 | $-0.38 | ||
| Q2 24 | $-0.23 | $-0.03 | ||
| Q1 24 | $0.03 | $-0.52 |
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 | $84.2M |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | $2.9B | $498.7M |
| 总资产 | $8.1B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资COLDMATV
| Q4 25 | $136.9M | $84.2M | ||
| Q3 25 | $33.3M | $97.1M | ||
| Q2 25 | $101.4M | $95.6M | ||
| Q1 25 | $38.9M | $84.0M | ||
| Q4 24 | $47.7M | $94.3M | ||
| Q3 24 | $61.3M | $162.2M | ||
| Q2 24 | $44.2M | $133.4M | ||
| Q1 24 | $59.2M | $128.9M |
总债务COLDMATV
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益COLDMATV
| Q4 25 | $2.9B | $498.7M | ||
| Q3 25 | $3.0B | $397.4M | ||
| Q2 25 | $3.1B | $416.6M | ||
| Q1 25 | $3.2B | $428.2M | ||
| Q4 24 | $3.3B | $858.5M | ||
| Q3 24 | $3.4B | $882.3M | ||
| Q2 24 | $3.4B | $898.0M | ||
| Q1 24 | $3.6B | $906.9M |
总资产COLDMATV
| Q4 25 | $8.1B | $2.1B | ||
| Q3 25 | $8.1B | $2.0B | ||
| Q2 25 | $8.1B | $2.1B | ||
| Q1 25 | $7.8B | $2.1B | ||
| Q4 24 | $7.7B | $2.4B | ||
| Q3 24 | $7.9B | $2.6B | ||
| Q2 24 | $7.8B | $2.6B | ||
| Q1 24 | $7.8B | $2.7B |
负债/权益比COLDMATV
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 2.63× | ||
| Q2 25 | — | 2.66× | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.29× | ||
| Q1 24 | — | 1.30× |
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 | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $8.0M |
| 自由现金流率自由现金流/营收 | -1.9% | 1.7% |
| 资本支出强度资本支出/营收 | 22.1% | 2.4% |
| 现金转化率经营现金流/净利润 | — | 0.19× |
| 过去12个月自由现金流最近4个季度 | $-217.2M | $93.8M |
8季度趋势，按日历期对齐
经营现金流COLDMATV
| Q4 25 | $130.2M | $19.3M | ||
| Q3 25 | $78.9M | $72.8M | ||
| Q2 25 | $120.3M | $57.6M | ||
| Q1 25 | $30.2M | $-15.9M | ||
| Q4 24 | $162.6M | $24.1M | ||
| Q3 24 | $50.6M | $37.6M | ||
| Q2 24 | $136.7M | $46.1M | ||
| Q1 24 | $62.0M | $-13.0M |
自由现金流COLDMATV
| Q4 25 | $-12.2M | $8.0M | ||
| Q3 25 | $-65.4M | $66.7M | ||
| Q2 25 | $-57.4M | $48.9M | ||
| Q1 25 | $-82.3M | $-29.8M | ||
| Q4 24 | $57.4M | $2.0M | ||
| Q3 24 | $-44.5M | $25.5M | ||
| Q2 24 | $73.3M | $37.4M | ||
| Q1 24 | $16.2M | $-25.1M |
自由现金流率COLDMATV
| Q4 25 | -1.9% | 1.7% | ||
| Q3 25 | -10.1% | 13.0% | ||
| Q2 25 | -9.0% | 9.3% | ||
| Q1 25 | -13.4% | -6.1% | ||
| Q4 24 | 8.9% | 0.4% | ||
| Q3 24 | -6.7% | 5.1% | ||
| Q2 24 | 11.4% | 7.1% | ||
| Q1 24 | 2.5% | -5.0% |
资本支出强度COLDMATV
| Q4 25 | 22.1% | 2.4% | ||
| Q3 25 | 22.2% | 1.2% | ||
| Q2 25 | 28.0% | 1.7% | ||
| Q1 25 | 18.3% | 2.9% | ||
| Q4 24 | 16.3% | 4.8% | ||
| Q3 24 | 14.4% | 2.4% | ||
| Q2 24 | 9.8% | 1.7% | ||
| Q1 24 | 7.0% | 2.4% |
现金转化率COLDMATV
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | 78.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 16.07× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 6.36× | — |
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% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
