vs
Fair Isaac（FICO）与玛斯特锁（MBC）财务数据对比。点击上方公司名可切换其他公司
玛斯特锁的季度营收约是Fair Isaac的1.3倍（$644.6M vs $512.0M），Fair Isaac净利率更高（30.9% vs -6.5%，领先37.5%），Fair Isaac同比增速更快（16.4% vs -3.5%），Fair Isaac自由现金流更多（$173.9M vs $52.5M），过去两年Fair Isaac的营收复合增速更高（8.6% vs 0.5%）
FICO（原Fair, Isaac and Company）是美国知名数据分析企业，1956年由比尔·费尔与厄尔·艾萨克创立，总部位于蒙大拿州博兹曼市，核心业务为信用评分服务，其推出的FICO信用分是评估消费者信贷风险的重要指标，目前已被美国消费信贷行业广泛采用。
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
FICO vs MBC — 直观对比
营收规模更大
MBC
是对方的1.3倍
$512.0M
营收增速更快
FICO
高出19.8%
-3.5%
净利率更高
FICO
高出37.5%
-6.5%
自由现金流更多
FICO
多$121.4M
$52.5M
两年增速更快
FICO
近两年复合增速
0.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $512.0M | $644.6M |
| 净利润 | $158.4M | $-42.0M |
| 毛利率 | 83.0% | 26.0% |
| 营业利润率 | 45.7% | -4.2% |
| 净利率 | 30.9% | -6.5% |
| 营收同比 | 16.4% | -3.5% |
| 净利润同比 | 3.8% | -400.0% |
| 每股收益（稀释后） | $6.61 | $-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FICOMBC
| Q4 25 | $512.0M | $644.6M | ||
| Q3 25 | $515.8M | $698.9M | ||
| Q2 25 | $536.4M | $730.9M | ||
| Q1 25 | $498.7M | $660.3M | ||
| Q4 24 | $440.0M | $667.7M | ||
| Q3 24 | $453.8M | $718.1M | ||
| Q2 24 | $447.8M | $676.5M | ||
| Q1 24 | $433.8M | $638.1M |
净利润FICOMBC
| Q4 25 | $158.4M | $-42.0M | ||
| Q3 25 | $155.0M | $18.1M | ||
| Q2 25 | $181.8M | $37.3M | ||
| Q1 25 | $162.6M | $13.3M | ||
| Q4 24 | $152.5M | $14.0M | ||
| Q3 24 | $135.7M | $29.1M | ||
| Q2 24 | $126.3M | $45.3M | ||
| Q1 24 | $129.8M | $37.5M |
毛利率FICOMBC
| Q4 25 | 83.0% | 26.0% | ||
| Q3 25 | 82.3% | 31.2% | ||
| Q2 25 | 83.7% | 32.8% | ||
| Q1 25 | 82.4% | 30.6% | ||
| Q4 24 | 80.1% | 30.4% | ||
| Q3 24 | 80.3% | 33.1% | ||
| Q2 24 | 80.3% | 34.1% | ||
| Q1 24 | 80.0% | 32.1% |
营业利润率FICOMBC
| Q4 25 | 45.7% | -4.2% | ||
| Q3 25 | 46.0% | 6.0% | ||
| Q2 25 | 48.9% | 9.2% | ||
| Q1 25 | 49.3% | 5.6% | ||
| Q4 24 | 40.8% | 5.6% | ||
| Q3 24 | 43.4% | 8.0% | ||
| Q2 24 | 42.5% | 11.5% | ||
| Q1 24 | 44.9% | 9.8% |
净利率FICOMBC
| Q4 25 | 30.9% | -6.5% | ||
| Q3 25 | 30.1% | 2.6% | ||
| Q2 25 | 33.9% | 5.1% | ||
| Q1 25 | 32.6% | 2.0% | ||
| Q4 24 | 34.7% | 2.1% | ||
| Q3 24 | 29.9% | 4.1% | ||
| Q2 24 | 28.2% | 6.7% | ||
| Q1 24 | 29.9% | 5.9% |
每股收益（稀释后）FICOMBC
| Q4 25 | $6.61 | $-0.32 | ||
| Q3 25 | $6.41 | $0.14 | ||
| Q2 25 | $7.40 | $0.29 | ||
| Q1 25 | $6.59 | $0.10 | ||
| Q4 24 | $6.14 | $0.10 | ||
| Q3 24 | $5.44 | $0.22 | ||
| Q2 24 | $5.05 | $0.35 | ||
| Q1 24 | $5.16 | $0.29 |
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 | $162.0M | $183.3M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $-1.8B | $1.3B |
| 总资产 | $1.9B | $3.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FICOMBC
| Q4 25 | $162.0M | $183.3M | ||
| Q3 25 | $134.1M | $114.8M | ||
| Q2 25 | $189.0M | $120.1M | ||
| Q1 25 | $146.6M | $113.5M | ||
| Q4 24 | $184.3M | $120.6M | ||
| Q3 24 | $150.7M | $108.4M | ||
| Q2 24 | $156.0M | $189.4M | ||
| Q1 24 | $135.7M | $153.7M |
总债务FICOMBC
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.4B | $1.0B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.0B | — |
股东权益FICOMBC
| Q4 25 | $-1.8B | $1.3B | ||
| Q3 25 | $-1.7B | $1.4B | ||
| Q2 25 | $-1.4B | $1.4B | ||
| Q1 25 | $-1.1B | $1.3B | ||
| Q4 24 | $-1.1B | $1.3B | ||
| Q3 24 | $-962.7M | $1.3B | ||
| Q2 24 | $-829.3M | $1.3B | ||
| Q1 24 | $-735.7M | $1.2B |
总资产FICOMBC
| Q4 25 | $1.9B | $3.1B | ||
| Q3 25 | $1.9B | $3.0B | ||
| Q2 25 | $1.9B | $3.0B | ||
| Q1 25 | $1.8B | $3.0B | ||
| Q4 24 | $1.7B | $2.9B | ||
| Q3 24 | $1.7B | $3.0B | ||
| Q2 24 | $1.7B | $2.4B | ||
| Q1 24 | $1.7B | $2.4B |
负债/权益比FICOMBC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.79× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $174.1M | $86.9M |
| 自由现金流经营现金流 - 资本支出 | $173.9M | $52.5M |
| 自由现金流率自由现金流/营收 | 34.0% | 8.1% |
| 资本支出强度资本支出/营收 | 0.0% | 5.3% |
| 现金转化率经营现金流/净利润 | 1.10× | — |
| 过去12个月自由现金流最近4个季度 | $750.6M | $117.5M |
8季度趋势，按日历期对齐
经营现金流FICOMBC
| Q4 25 | $174.1M | $86.9M | ||
| Q3 25 | $223.7M | $55.4M | ||
| Q2 25 | $286.2M | $84.8M | ||
| Q1 25 | $74.9M | $-31.4M | ||
| Q4 24 | $194.0M | $115.1M | ||
| Q3 24 | $226.5M | $80.8M | ||
| Q2 24 | $213.3M | $77.4M | ||
| Q1 24 | $71.0M | $18.7M |
自由现金流FICOMBC
| Q4 25 | $173.9M | $52.5M | ||
| Q3 25 | $219.5M | $39.5M | ||
| Q2 25 | $284.4M | $66.7M | ||
| Q1 25 | $72.8M | $-41.2M | ||
| Q4 24 | $193.2M | $68.8M | ||
| Q3 24 | $224.7M | $64.5M | ||
| Q2 24 | $211.6M | $66.1M | ||
| Q1 24 | $67.0M | $11.7M |
自由现金流率FICOMBC
| Q4 25 | 34.0% | 8.1% | ||
| Q3 25 | 42.6% | 5.7% | ||
| Q2 25 | 53.0% | 9.1% | ||
| Q1 25 | 14.6% | -6.2% | ||
| Q4 24 | 43.9% | 10.3% | ||
| Q3 24 | 49.5% | 9.0% | ||
| Q2 24 | 47.2% | 9.8% | ||
| Q1 24 | 15.4% | 1.8% |
资本支出强度FICOMBC
| Q4 25 | 0.0% | 5.3% | ||
| Q3 25 | 0.8% | 2.3% | ||
| Q2 25 | 0.3% | 2.5% | ||
| Q1 25 | 0.4% | 1.5% | ||
| Q4 24 | 0.2% | 6.9% | ||
| Q3 24 | 0.4% | 2.3% | ||
| Q2 24 | 0.4% | 1.7% | ||
| Q1 24 | 0.9% | 1.1% |
现金转化率FICOMBC
| Q4 25 | 1.10× | — | ||
| Q3 25 | 1.44× | 3.06× | ||
| Q2 25 | 1.57× | 2.27× | ||
| Q1 25 | 0.46× | -2.36× | ||
| Q4 24 | 1.27× | 8.22× | ||
| Q3 24 | 1.67× | 2.78× | ||
| Q2 24 | 1.69× | 1.71× | ||
| Q1 24 | 0.55× | 0.50× |
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
FICO
| Business To Business Scores | $248.6M | 49% |
| Saa S Products | $115.7M | 23% |
| Platform Software | $73.9M | 14% |
| Business To Consumer Scores | $55.9M | 11% |
| Technology Service | $19.2M | 4% |
MBC
| Dealers | $345.7M | 54% |
| Retail | $220.0M | 34% |
| Builders | $78.9M | 12% |
