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伊萨（ESAB）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
伊萨的季度营收约是Mativ Holdings, Inc.的1.6倍（$727.8M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 7.5%，领先14.2%），伊萨同比增速更快（8.5% vs 1.0%），伊萨自由现金流更多（$70.3M vs $8.0M），过去两年伊萨的营收复合增速更高（2.8% vs -3.8%）
ESAB（全称Elektriska Svetsnings-Aktiebolaget）是一家美国与瑞典合资的跨国工业企业，主营焊接、切割设备及配套耗材的研发、生产与销售，为全球制造业、基建等多领域客户提供专业可靠的工业解决方案，在全球工业市场拥有较高知名度。
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。
ESAB vs MATV — 直观对比
营收规模更大
ESAB
是对方的1.6倍
$463.1M
营收增速更快
ESAB
高出7.5%
1.0%
净利率更高
MATV
高出14.2%
7.5%
自由现金流更多
ESAB
多$62.3M
$8.0M
两年增速更快
ESAB
近两年复合增速
-3.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $727.8M | $463.1M |
| 净利润 | $54.8M | $100.8M |
| 毛利率 | 37.0% | 18.8% |
| 营业利润率 | 14.6% | 2.2% |
| 净利率 | 7.5% | 21.8% |
| 营收同比 | 8.5% | 1.0% |
| 净利润同比 | 2.1% | 6620.0% |
| 每股收益（稀释后） | $0.90 | $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ESABMATV
| Q4 25 | $727.8M | $463.1M | ||
| Q3 25 | $715.6M | $513.7M | ||
| Q2 25 | $678.1M | $525.4M | ||
| Q1 25 | — | $484.8M | ||
| Q4 24 | $670.8M | $458.6M | ||
| Q3 24 | $673.3M | $498.5M | ||
| Q2 24 | $707.1M | $523.8M | ||
| Q1 24 | $689.7M | $500.2M |
净利润ESABMATV
| Q4 25 | $54.8M | $100.8M | ||
| Q3 25 | $66.9M | $-3.2M | ||
| Q2 25 | $67.4M | $-9.5M | ||
| Q1 25 | — | $-425.5M | ||
| Q4 24 | $53.7M | $1.5M | ||
| Q3 24 | $68.2M | $-20.8M | ||
| Q2 24 | $82.9M | $-1.4M | ||
| Q1 24 | $60.0M | $-28.0M |
毛利率ESABMATV
| Q4 25 | 37.0% | 18.8% | ||
| Q3 25 | 37.2% | 19.3% | ||
| Q2 25 | 37.6% | 19.7% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | 38.5% | 16.9% | ||
| Q3 24 | 37.7% | 18.8% | ||
| Q2 24 | 38.2% | 20.8% | ||
| Q1 24 | 37.0% | 16.8% |
营业利润率ESABMATV
| Q4 25 | 14.6% | 2.2% | ||
| Q3 25 | 15.2% | 3.1% | ||
| Q2 25 | 16.2% | 3.8% | ||
| Q1 25 | — | -88.8% | ||
| Q4 24 | 16.6% | 0.6% | ||
| Q3 24 | 15.7% | 1.4% | ||
| Q2 24 | 16.9% | 2.0% | ||
| Q1 24 | 16.0% | -2.8% |
净利率ESABMATV
| Q4 25 | 7.5% | 21.8% | ||
| Q3 25 | 9.3% | -0.6% | ||
| Q2 25 | 9.9% | -1.8% | ||
| Q1 25 | — | -87.8% | ||
| Q4 24 | 8.0% | 0.3% | ||
| Q3 24 | 10.1% | -4.2% | ||
| Q2 24 | 11.7% | -0.3% | ||
| Q1 24 | 8.7% | -5.6% |
每股收益（稀释后）ESABMATV
| Q4 25 | $0.90 | $1.87 | ||
| Q3 25 | $1.09 | $-0.06 | ||
| Q2 25 | $1.10 | $-0.18 | ||
| Q1 25 | — | $-7.82 | ||
| Q4 24 | $0.87 | $0.03 | ||
| Q3 24 | $1.11 | $-0.38 | ||
| Q2 24 | $1.35 | $-0.03 | ||
| Q1 24 | $0.98 | $-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 | $218.2M | $84.2M |
| 总债务越低越好 | $1.3B | $1.0B |
| 股东权益账面价值 | $2.1B | $498.7M |
| 总资产 | $4.9B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.63× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资ESABMATV
| Q4 25 | $218.2M | $84.2M | ||
| Q3 25 | $258.2M | $97.1M | ||
| Q2 25 | $291.3M | $95.6M | ||
| Q1 25 | — | $84.0M | ||
| Q4 24 | $249.4M | $94.3M | ||
| Q3 24 | $253.7M | $162.2M | ||
| Q2 24 | $228.5M | $133.4M | ||
| Q1 24 | $76.5M | $128.9M |
总债务ESABMATV
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $992.8M | $1.2B |
股东权益ESABMATV
| Q4 25 | $2.1B | $498.7M | ||
| Q3 25 | $2.1B | $397.4M | ||
| Q2 25 | $1.9B | $416.6M | ||
| Q1 25 | — | $428.2M | ||
| Q4 24 | $1.8B | $858.5M | ||
| Q3 24 | $1.8B | $882.3M | ||
| Q2 24 | $1.7B | $898.0M | ||
| Q1 24 | $1.6B | $906.9M |
总资产ESABMATV
| Q4 25 | $4.9B | $2.1B | ||
| Q3 25 | $4.4B | $2.0B | ||
| Q2 25 | $4.2B | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $4.0B | $2.4B | ||
| Q3 24 | $4.1B | $2.6B | ||
| Q2 24 | $4.0B | $2.6B | ||
| Q1 24 | $3.8B | $2.7B |
负债/权益比ESABMATV
| Q4 25 | 0.63× | 2.07× | ||
| Q3 25 | 0.51× | 2.63× | ||
| Q2 25 | 0.55× | 2.66× | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | 0.60× | 1.30× | ||
| Q3 24 | 0.59× | 1.32× | ||
| Q2 24 | 0.63× | 1.29× | ||
| Q1 24 | 0.61× | 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 | $81.5M | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $70.3M | $8.0M |
| 自由现金流率自由现金流/营收 | 9.7% | 1.7% |
| 资本支出强度资本支出/营收 | 1.5% | 2.4% |
| 现金转化率经营现金流/净利润 | 1.49× | 0.19× |
| 过去12个月自由现金流最近4个季度 | $238.0M | $93.8M |
8季度趋势，按日历期对齐
经营现金流ESABMATV
| Q4 25 | $81.5M | $19.3M | ||
| Q3 25 | $46.6M | $72.8M | ||
| Q2 25 | $35.4M | $57.6M | ||
| Q1 25 | — | $-15.9M | ||
| Q4 24 | $126.9M | $24.1M | ||
| Q3 24 | $101.0M | $37.6M | ||
| Q2 24 | $83.0M | $46.1M | ||
| Q1 24 | $44.5M | $-13.0M |
自由现金流ESABMATV
| Q4 25 | $70.3M | $8.0M | ||
| Q3 25 | $37.4M | $66.7M | ||
| Q2 25 | $28.1M | $48.9M | ||
| Q1 25 | — | $-29.8M | ||
| Q4 24 | $102.2M | $2.0M | ||
| Q3 24 | $90.4M | $25.5M | ||
| Q2 24 | $74.0M | $37.4M | ||
| Q1 24 | $37.1M | $-25.1M |
自由现金流率ESABMATV
| Q4 25 | 9.7% | 1.7% | ||
| Q3 25 | 5.2% | 13.0% | ||
| Q2 25 | 4.1% | 9.3% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | 15.2% | 0.4% | ||
| Q3 24 | 13.4% | 5.1% | ||
| Q2 24 | 10.5% | 7.1% | ||
| Q1 24 | 5.4% | -5.0% |
资本支出强度ESABMATV
| Q4 25 | 1.5% | 2.4% | ||
| Q3 25 | 1.3% | 1.2% | ||
| Q2 25 | 1.1% | 1.7% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | 3.7% | 4.8% | ||
| Q3 24 | 1.6% | 2.4% | ||
| Q2 24 | 1.3% | 1.7% | ||
| Q1 24 | 1.1% | 2.4% |
现金转化率ESABMATV
| Q4 25 | 1.49× | 0.19× | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.36× | 16.07× | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 0.74× | — |
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
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
