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Equinix（EQIX）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
Equinix的季度营收约是美泰的2.8倍（$2.4B vs $862.2M），美泰净利率更高（7.1% vs 0.0%，领先7.1%），Equinix同比增速更快（9.0% vs 4.3%），美泰自由现金流更多（$-88.1M vs $-596.0M），过去两年Equinix的营收复合增速更高（5.4% vs -10.6%）
Equinix是总部位于美国加利福尼亚州雷德伍德城的跨国企业，主营互联网连接服务与数据中心托管业务，旗下数据中心此前常被业内称为“运营商酒店”，2015年1月公司正式转型为房地产投资信托基金（REIT）。
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。
EQIX vs MAT — 直观对比
营收规模更大
EQIX
是对方的2.8倍
$862.2M
营收增速更快
EQIX
高出4.7%
4.3%
净利率更高
MAT
高出7.1%
0.0%
自由现金流更多
MAT
多$507.9M
$-596.0M
两年增速更快
EQIX
近两年复合增速
-10.6%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $862.2M |
| 净利润 | $415.0K | $61.0M |
| 毛利率 | 0.1% | 44.9% |
| 营业利润率 | 0.0% | — |
| 净利率 | 0.0% | 7.1% |
| 营收同比 | 9.0% | 4.3% |
| 净利润同比 | 21.0% | 251.4% |
| 每股收益（稀释后） | $0.00 | $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EQIXMAT
| Q2 26 | $2.4B | — | ||
| Q1 26 | $2.4B | $862.2M | ||
| Q4 25 | $2.4B | $1.8B | ||
| Q3 25 | $2.3B | $1.7B | ||
| Q2 25 | $2.3B | $1.0B | ||
| Q1 25 | $2.2B | $826.6M | ||
| Q4 24 | $2.3B | $1.6B | ||
| Q3 24 | $2.2B | $1.8B |
净利润EQIXMAT
| Q2 26 | $415.0K | — | ||
| Q1 26 | $265.0M | $61.0M | ||
| Q4 25 | $265.0M | $106.2M | ||
| Q3 25 | $374.0M | $278.4M | ||
| Q2 25 | $368.0M | $53.4M | ||
| Q1 25 | $343.0M | $-40.3M | ||
| Q4 24 | $-14.0M | $140.9M | ||
| Q3 24 | $297.0M | $372.4M |
毛利率EQIXMAT
| Q2 26 | 0.1% | — | ||
| Q1 26 | 50.5% | 44.9% | ||
| Q4 25 | 50.5% | 45.9% | ||
| Q3 25 | 50.7% | 50.0% | ||
| Q2 25 | 52.0% | 50.9% | ||
| Q1 25 | 51.3% | 49.4% | ||
| Q4 24 | 47.1% | 50.7% | ||
| Q3 24 | 50.1% | 53.1% |
营业利润率EQIXMAT
| Q2 26 | 0.0% | — | ||
| Q1 26 | 17.4% | — | ||
| Q4 25 | 17.4% | 8.0% | ||
| Q3 25 | 20.5% | 21.9% | ||
| Q2 25 | 21.9% | 7.7% | ||
| Q1 25 | 20.6% | -6.4% | ||
| Q4 24 | 4.6% | 9.6% | ||
| Q3 24 | 19.3% | 26.5% |
净利率EQIXMAT
| Q2 26 | 0.0% | — | ||
| Q1 26 | 11.0% | 7.1% | ||
| Q4 25 | 11.0% | 6.0% | ||
| Q3 25 | 16.1% | 16.0% | ||
| Q2 25 | 16.3% | 5.2% | ||
| Q1 25 | 15.4% | -4.9% | ||
| Q4 24 | -0.6% | 8.6% | ||
| Q3 24 | 13.5% | 20.2% |
每股收益（稀释后）EQIXMAT
| Q2 26 | $0.00 | — | ||
| Q1 26 | $2.70 | $0.20 | ||
| Q4 25 | $2.70 | $0.32 | ||
| Q3 25 | $3.81 | $0.88 | ||
| Q2 25 | $3.75 | $0.16 | ||
| Q1 25 | $3.50 | $-0.12 | ||
| Q4 24 | $-0.19 | $0.40 | ||
| Q3 24 | $3.10 | $1.09 |
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 | $3.1B | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $14.3B | $2.1B |
| 总资产 | $40.9B | $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EQIXMAT
| Q2 26 | $3.1B | — | ||
| Q1 26 | $3.2B | $866.0M | ||
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $2.9B | $691.9M | ||
| Q2 25 | $4.5B | $870.5M | ||
| Q1 25 | $3.7B | $1.2B | ||
| Q4 24 | $3.6B | $1.4B | ||
| Q3 24 | $3.2B | $723.5M |
总债务EQIXMAT
| Q2 26 | — | — | ||
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | $17.3B | $2.3B | ||
| Q2 25 | $18.1B | $2.3B | ||
| Q1 25 | $15.9B | $2.3B | ||
| Q4 24 | $15.3B | $2.3B | ||
| Q3 24 | $15.4B | $2.3B |
股东权益EQIXMAT
| Q2 26 | $14.3B | — | ||
| Q1 26 | $14.2B | $2.1B | ||
| Q4 25 | $14.2B | $2.2B | ||
| Q3 25 | $14.2B | $2.3B | ||
| Q2 25 | $14.1B | $2.2B | ||
| Q1 25 | $13.9B | $2.1B | ||
| Q4 24 | $13.5B | $2.3B | ||
| Q3 24 | $13.6B | $2.3B |
总资产EQIXMAT
| Q2 26 | $40.9B | — | ||
| Q1 26 | $40.1B | $6.3B | ||
| Q4 25 | $40.1B | $6.6B | ||
| Q3 25 | $38.1B | $6.6B | ||
| Q2 25 | $38.8B | $6.2B | ||
| Q1 25 | $36.1B | $6.2B | ||
| Q4 24 | $35.1B | $6.5B | ||
| Q3 24 | $35.4B | $6.5B |
负债/权益比EQIXMAT
| Q2 26 | — | — | ||
| Q1 26 | — | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | 1.22× | 1.03× | ||
| Q2 25 | 1.28× | 1.08× | ||
| Q1 25 | 1.14× | 1.10× | ||
| Q4 24 | 1.13× | 1.03× | ||
| Q3 24 | 1.13× | 1.01× |
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 | $717.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-596.0M | $-88.1M |
| 自由现金流率自由现金流/营收 | -24.4% | -10.2% |
| 资本支出强度资本支出/营收 | 0.0% | 7.6% |
| 现金转化率经营现金流/净利润 | 1727.71× | — |
| 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EQIXMAT
| Q2 26 | $717.0M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $796.6M | ||
| Q3 25 | $1.0B | $72.0M | ||
| Q2 25 | $944.0M | $-300.1M | ||
| Q1 25 | $809.0M | $24.8M | ||
| Q4 24 | $981.0M | $862.1M | ||
| Q3 24 | $758.0M | $155.8M |
自由现金流EQIXMAT
| Q2 26 | $-596.0M | — | ||
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $-292.0M | — | ||
| Q3 25 | $-122.0M | — | ||
| Q2 25 | $-45.0M | — | ||
| Q1 25 | $59.0M | — | ||
| Q4 24 | $-6.0M | — | ||
| Q3 24 | $34.0M | — |
自由现金流率EQIXMAT
| Q2 26 | -24.4% | — | ||
| Q1 26 | — | -10.2% | ||
| Q4 25 | -12.1% | — | ||
| Q3 25 | -5.3% | — | ||
| Q2 25 | -2.0% | — | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | -0.3% | — | ||
| Q3 24 | 1.5% | — |
资本支出强度EQIXMAT
| Q2 26 | 0.0% | — | ||
| Q1 26 | — | 7.6% | ||
| Q4 25 | 59.3% | — | ||
| Q3 25 | 49.1% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 33.7% | — | ||
| Q4 24 | 43.7% | — | ||
| Q3 24 | 32.9% | — |
现金转化率EQIXMAT
| Q2 26 | 1727.71× | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.32× | 7.50× | ||
| Q3 25 | 2.71× | 0.26× | ||
| Q2 25 | 2.57× | -5.62× | ||
| Q1 25 | 2.36× | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | 2.55× | 0.42× |
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
EQIX
| Recurring revenues | $1.0B | 43% |
| Colocation | $731.0M | 30% |
| Other | $314.0M | 13% |
| Interconnection | $251.0M | 10% |
| Managed infrastructure | $57.0M | 2% |
| Non-recurring revenues | $45.0M | 2% |
MAT
暂无分部数据
