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Datadog（DDOG）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Datadog的1.9倍（$1.8B vs $953.2M），美泰净利率更高（6.0% vs 4.9%，领先1.1%），Datadog同比增速更快（29.2% vs 7.3%），过去两年美泰的营收复合增速更高（47.7% vs 24.9%）
Datadog是一家美国企业，为云级应用提供可观测性服务，旗下SaaS数据分析平台可实现对服务器、数据库、各类工具及服务的统一监控。公司成立并总部位于纽约，目前在纳斯达克证券交易所公开上市。
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。
DDOG vs MAT — 直观对比
营收规模更大
MAT
是对方的1.9倍
$953.2M
营收增速更快
DDOG
高出21.9%
7.3%
净利率更高
MAT
高出1.1%
4.9%
两年增速更快
MAT
近两年复合增速
24.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $953.2M | $1.8B |
| 净利润 | $46.6M | $106.2M |
| 毛利率 | 80.4% | 45.9% |
| 营业利润率 | 1.0% | 8.0% |
| 净利率 | 4.9% | 6.0% |
| 营收同比 | 29.2% | 7.3% |
| 净利润同比 | 2.1% | -24.6% |
| 每股收益（稀释后） | $0.13 | $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DDOGMAT
| Q4 25 | $953.2M | $1.8B | ||
| Q3 25 | $885.7M | $1.7B | ||
| Q2 25 | $826.8M | $1.0B | ||
| Q1 25 | $761.6M | $826.6M | ||
| Q4 24 | $737.7M | $1.6B | ||
| Q3 24 | $690.0M | $1.8B | ||
| Q2 24 | $645.3M | $1.1B | ||
| Q1 24 | $611.3M | $809.5M |
净利润DDOGMAT
| Q4 25 | $46.6M | $106.2M | ||
| Q3 25 | $33.9M | $278.4M | ||
| Q2 25 | $2.6M | $53.4M | ||
| Q1 25 | $24.6M | $-40.3M | ||
| Q4 24 | $45.6M | $140.9M | ||
| Q3 24 | $51.7M | $372.4M | ||
| Q2 24 | $43.8M | $56.9M | ||
| Q1 24 | $42.6M | $-28.3M |
毛利率DDOGMAT
| Q4 25 | 80.4% | 45.9% | ||
| Q3 25 | 80.1% | 50.0% | ||
| Q2 25 | 79.9% | 50.9% | ||
| Q1 25 | 79.3% | 49.4% | ||
| Q4 24 | 80.5% | 50.7% | ||
| Q3 24 | 80.0% | 53.1% | ||
| Q2 24 | 80.9% | 49.2% | ||
| Q1 24 | 82.0% | 48.0% |
营业利润率DDOGMAT
| Q4 25 | 1.0% | 8.0% | ||
| Q3 25 | -0.7% | 21.9% | ||
| Q2 25 | -4.3% | 7.7% | ||
| Q1 25 | -1.6% | -6.4% | ||
| Q4 24 | 1.3% | 9.6% | ||
| Q3 24 | 2.9% | 26.5% | ||
| Q2 24 | 2.0% | 7.7% | ||
| Q1 24 | 2.0% | -4.4% |
净利率DDOGMAT
| Q4 25 | 4.9% | 6.0% | ||
| Q3 25 | 3.8% | 16.0% | ||
| Q2 25 | 0.3% | 5.2% | ||
| Q1 25 | 3.2% | -4.9% | ||
| Q4 24 | 6.2% | 8.6% | ||
| Q3 24 | 7.5% | 20.2% | ||
| Q2 24 | 6.8% | 5.3% | ||
| Q1 24 | 7.0% | -3.5% |
每股收益（稀释后）DDOGMAT
| Q4 25 | $0.13 | $0.32 | ||
| Q3 25 | $0.10 | $0.88 | ||
| Q2 25 | $0.01 | $0.16 | ||
| Q1 25 | $0.07 | $-0.12 | ||
| Q4 24 | $0.14 | $0.40 | ||
| Q3 24 | $0.14 | $1.09 | ||
| Q2 24 | $0.12 | $0.17 | ||
| Q1 24 | $0.12 | $-0.08 |
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 | $401.3M | $1.2B |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $3.7B | $2.2B |
| 总资产 | $6.6B | $6.6B |
| 负债/权益比越低杠杆越低 | — | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资DDOGMAT
| Q4 25 | $401.3M | $1.2B | ||
| Q3 25 | $540.6M | $691.9M | ||
| Q2 25 | $489.0M | $870.5M | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $337.4M | $723.5M | ||
| Q2 24 | $411.0M | $722.4M | ||
| Q1 24 | $282.2M | $1.1B |
总债务DDOGMAT
| 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 | ||
| Q1 24 | — | $2.3B |
股东权益DDOGMAT
| Q4 25 | $3.7B | $2.2B | ||
| Q3 25 | $3.4B | $2.3B | ||
| Q2 25 | $3.2B | $2.2B | ||
| Q1 25 | $2.9B | $2.1B | ||
| Q4 24 | $2.7B | $2.3B | ||
| Q3 24 | $2.6B | $2.3B | ||
| Q2 24 | $2.4B | $2.0B | ||
| Q1 24 | $2.2B | $2.0B |
总资产DDOGMAT
| Q4 25 | $6.6B | $6.6B | ||
| Q3 25 | $6.1B | $6.6B | ||
| Q2 25 | $5.8B | $6.2B | ||
| Q1 25 | $6.0B | $6.2B | ||
| Q4 24 | $5.8B | $6.5B | ||
| Q3 24 | $4.6B | $6.5B | ||
| Q2 24 | $4.4B | $5.9B | ||
| Q1 24 | $4.1B | $6.1B |
负债/权益比DDOGMAT
| 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× | ||
| Q1 24 | — | 1.15× |
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 | $327.1M | $796.6M |
| 自由现金流经营现金流 - 资本支出 | $318.2M | — |
| 自由现金流率自由现金流/营收 | 33.4% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 7.02× | 7.50× |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
经营现金流DDOGMAT
| Q4 25 | $327.1M | $796.6M | ||
| Q3 25 | $251.5M | $72.0M | ||
| Q2 25 | $200.1M | $-300.1M | ||
| Q1 25 | $271.5M | $24.8M | ||
| Q4 24 | $265.2M | $862.1M | ||
| Q3 24 | $228.7M | $155.8M | ||
| Q2 24 | $164.4M | $-252.9M | ||
| Q1 24 | $212.3M | $35.5M |
自由现金流DDOGMAT
| Q4 25 | $318.2M | — | ||
| Q3 25 | $234.7M | — | ||
| Q2 25 | $184.9M | — | ||
| Q1 25 | $262.8M | — | ||
| Q4 24 | $257.5M | — | ||
| Q3 24 | $220.3M | — | ||
| Q2 24 | $160.0M | — | ||
| Q1 24 | $198.1M | — |
自由现金流率DDOGMAT
| Q4 25 | 33.4% | — | ||
| Q3 25 | 26.5% | — | ||
| Q2 25 | 22.4% | — | ||
| Q1 25 | 34.5% | — | ||
| Q4 24 | 34.9% | — | ||
| Q3 24 | 31.9% | — | ||
| Q2 24 | 24.8% | — | ||
| Q1 24 | 32.4% | — |
资本支出强度DDOGMAT
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 2.3% | — |
现金转化率DDOGMAT
| Q4 25 | 7.02× | 7.50× | ||
| Q3 25 | 7.42× | 0.26× | ||
| Q2 25 | 75.58× | -5.62× | ||
| Q1 25 | 11.02× | — | ||
| Q4 24 | 5.82× | 6.12× | ||
| Q3 24 | 4.42× | 0.42× | ||
| Q2 24 | 3.75× | -4.45× | ||
| Q1 24 | 4.98× | — |
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
DDOG
| North America | $678.7M | 71% |
| International | $274.5M | 29% |
MAT
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
