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FIRST HORIZON CORP（FHN）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
FIRST HORIZON CORP的季度营收约是美森的1.0倍（$888.0M vs $851.9M），FIRST HORIZON CORP净利率更高（29.4% vs 16.8%，领先12.6%），FIRST HORIZON CORP同比增速更快（21.8% vs -4.3%），FIRST HORIZON CORP自由现金流更多（$389.0M vs $42.2M），过去两年FIRST HORIZON CORP的营收复合增速更高（20.0% vs 8.6%）
第一地平线公司（前身为第一田纳西银行）是一家成立于1864年的金融服务企业，总部位于美国田纳西州孟菲斯市。该公司通过旗下子公司第一地平线银行开展业务，网点覆盖美国东南部12个州，是该区域第四大区域性银行。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
FHN vs MATX — 直观对比
营收规模更大
FHN
是对方的1.0倍
$851.9M
营收增速更快
FHN
高出26.1%
-4.3%
净利率更高
FHN
高出12.6%
16.8%
自由现金流更多
FHN
多$346.8M
$42.2M
两年增速更快
FHN
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $888.0M | $851.9M |
| 净利润 | $261.0M | $143.1M |
| 毛利率 | — | — |
| 营业利润率 | 38.5% | 16.9% |
| 净利率 | 29.4% | 16.8% |
| 营收同比 | 21.8% | -4.3% |
| 净利润同比 | 57.2% | 11.8% |
| 每股收益（稀释后） | $0.51 | $4.47 |
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FHNMATX
| Q4 25 | $888.0M | $851.9M | ||
| Q3 25 | $889.0M | $880.1M | ||
| Q2 25 | $830.0M | $830.5M | ||
| Q1 25 | $812.0M | $782.0M | ||
| Q4 24 | $729.0M | $890.3M | ||
| Q3 24 | $827.0M | $962.0M | ||
| Q2 24 | — | $847.4M | ||
| Q1 24 | $819.0M | $722.1M |
净利润FHNMATX
| Q4 25 | $261.0M | $143.1M | ||
| Q3 25 | $262.0M | $134.7M | ||
| Q2 25 | $241.0M | $94.7M | ||
| Q1 25 | $218.0M | $72.3M | ||
| Q4 24 | $166.0M | $128.0M | ||
| Q3 24 | $218.0M | $199.1M | ||
| Q2 24 | — | $113.2M | ||
| Q1 24 | $192.0M | $36.1M |
营业利润率FHNMATX
| Q4 25 | 38.5% | 16.9% | ||
| Q3 25 | 38.7% | 18.3% | ||
| Q2 25 | 37.2% | 13.6% | ||
| Q1 25 | 35.1% | 10.5% | ||
| Q4 24 | 28.8% | 16.6% | ||
| Q3 24 | 34.0% | 25.2% | ||
| Q2 24 | — | 14.7% | ||
| Q1 24 | 31.0% | 5.1% |
净利率FHNMATX
| Q4 25 | 29.4% | 16.8% | ||
| Q3 25 | 29.5% | 15.3% | ||
| Q2 25 | 29.0% | 11.4% | ||
| Q1 25 | 26.8% | 9.2% | ||
| Q4 24 | 22.8% | 14.4% | ||
| Q3 24 | 26.4% | 20.7% | ||
| Q2 24 | — | 13.4% | ||
| Q1 24 | 23.4% | 5.0% |
每股收益（稀释后）FHNMATX
| Q4 25 | $0.51 | $4.47 | ||
| Q3 25 | $0.50 | $4.24 | ||
| Q2 25 | $0.45 | $2.92 | ||
| Q1 25 | $0.41 | $2.18 | ||
| Q4 24 | $0.29 | $3.69 | ||
| Q3 24 | $0.40 | $5.89 | ||
| Q2 24 | — | $3.31 | ||
| Q1 24 | $0.33 | $1.04 |
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 | — | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $8.8B | $2.8B |
| 总资产 | $83.9B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资FHNMATX
| Q4 25 | — | $141.9M | ||
| Q3 25 | — | $92.7M | ||
| Q2 25 | — | $59.1M | ||
| Q1 25 | — | $122.0M | ||
| Q4 24 | — | $266.8M | ||
| Q3 24 | — | $270.3M | ||
| Q2 24 | — | $168.2M | ||
| Q1 24 | — | $25.9M |
总债务FHNMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益FHNMATX
| Q4 25 | $8.8B | $2.8B | ||
| Q3 25 | $8.9B | $2.7B | ||
| Q2 25 | $9.0B | $2.6B | ||
| Q1 25 | $8.7B | $2.6B | ||
| Q4 24 | $8.8B | $2.7B | ||
| Q3 24 | $9.0B | $2.6B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | $8.9B | $2.4B |
总资产FHNMATX
| Q4 25 | $83.9B | $4.6B | ||
| Q3 25 | $83.2B | $4.6B | ||
| Q2 25 | $82.1B | $4.5B | ||
| Q1 25 | $81.5B | $4.5B | ||
| Q4 24 | $82.2B | $4.6B | ||
| Q3 24 | $82.6B | $4.4B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | $81.8B | $4.2B |
负债/权益比FHNMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $396.0M | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $389.0M | $42.2M |
| 自由现金流率自由现金流/营收 | 43.8% | 5.0% |
| 资本支出强度资本支出/营收 | 0.8% | 15.8% |
| 现金转化率经营现金流/净利润 | 1.52× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $595.0M | $153.7M |
8季度趋势，按日历期对齐
经营现金流FHNMATX
| Q4 25 | $396.0M | $176.9M | ||
| Q3 25 | $-200.0M | $175.6M | ||
| Q2 25 | $83.0M | $105.6M | ||
| Q1 25 | $349.0M | $89.0M | ||
| Q4 24 | $191.0M | $174.7M | ||
| Q3 24 | $389.0M | $248.6M | ||
| Q2 24 | — | $307.9M | ||
| Q1 24 | $838.0M | $36.6M |
自由现金流FHNMATX
| Q4 25 | $389.0M | $42.2M | ||
| Q3 25 | $-208.0M | $92.4M | ||
| Q2 25 | $74.0M | $19.3M | ||
| Q1 25 | $340.0M | $-200.0K | ||
| Q4 24 | $174.0M | $49.3M | ||
| Q3 24 | $383.0M | $189.0M | ||
| Q2 24 | — | $238.1M | ||
| Q1 24 | $828.0M | $-18.7M |
自由现金流率FHNMATX
| Q4 25 | 43.8% | 5.0% | ||
| Q3 25 | -23.4% | 10.5% | ||
| Q2 25 | 8.9% | 2.3% | ||
| Q1 25 | 41.9% | -0.0% | ||
| Q4 24 | 23.9% | 5.5% | ||
| Q3 24 | 46.3% | 19.6% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | 101.1% | -2.6% |
资本支出强度FHNMATX
| Q4 25 | 0.8% | 15.8% | ||
| Q3 25 | 0.9% | 9.5% | ||
| Q2 25 | 1.1% | 10.4% | ||
| Q1 25 | 1.1% | 11.4% | ||
| Q4 24 | 2.3% | 14.1% | ||
| Q3 24 | 0.7% | 6.2% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | 1.2% | 7.7% |
现金转化率FHNMATX
| Q4 25 | 1.52× | 1.24× | ||
| Q3 25 | -0.76× | 1.30× | ||
| Q2 25 | 0.34× | 1.12× | ||
| Q1 25 | 1.60× | 1.23× | ||
| Q4 24 | 1.15× | 1.36× | ||
| Q3 24 | 1.78× | 1.25× | ||
| Q2 24 | — | 2.72× | ||
| Q1 24 | 4.36× | 1.01× |
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
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
