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FIVE BELOW, INC（FIVE）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
FIVE BELOW, INC的季度营收约是美泰的1.2倍（$1.0B vs $862.2M），美泰净利率更高（7.1% vs 3.5%，领先3.6%），FIVE BELOW, INC同比增速更快（23.1% vs 4.3%），美泰自由现金流更多（$-88.1M vs $-133.2M），过去两年美泰的营收复合增速更高（-10.6% vs -11.9%）
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
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。
FIVE vs MAT — 直观对比
营收规模更大
FIVE
是对方的1.2倍
$862.2M
营收增速更快
FIVE
高出18.8%
4.3%
净利率更高
MAT
高出3.6%
3.5%
自由现金流更多
MAT
多$45.1M
$-133.2M
两年增速更快
MAT
近两年复合增速
-11.9%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $862.2M |
| 净利润 | $36.5M | $61.0M |
| 毛利率 | 33.8% | 44.9% |
| 营业利润率 | 4.2% | — |
| 净利率 | 3.5% | 7.1% |
| 营收同比 | 23.1% | 4.3% |
| 净利润同比 | 2063.9% | 251.4% |
| 每股收益（稀释后） | $0.66 | $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FIVEMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $1.0B | $1.8B | ||
| Q3 25 | $1.0B | $1.7B | ||
| Q2 25 | $970.5M | $1.0B | ||
| Q1 25 | $1.4B | $826.6M | ||
| Q4 24 | $843.7M | $1.6B | ||
| Q3 24 | $830.1M | $1.8B | ||
| Q2 24 | $811.9M | $1.1B |
净利润FIVEMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $36.5M | $106.2M | ||
| Q3 25 | $42.8M | $278.4M | ||
| Q2 25 | $41.1M | $53.4M | ||
| Q1 25 | $187.5M | $-40.3M | ||
| Q4 24 | $1.7M | $140.9M | ||
| Q3 24 | $33.0M | $372.4M | ||
| Q2 24 | $31.5M | $56.9M |
毛利率FIVEMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 33.8% | 45.9% | ||
| Q3 25 | 33.3% | 50.0% | ||
| Q2 25 | 33.4% | 50.9% | ||
| Q1 25 | 40.2% | 49.4% | ||
| Q4 24 | 30.6% | 50.7% | ||
| Q3 24 | 32.7% | 53.1% | ||
| Q2 24 | 32.5% | 49.2% |
营业利润率FIVEMAT
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 8.0% | ||
| Q3 25 | 5.1% | 21.9% | ||
| Q2 25 | 5.2% | 7.7% | ||
| Q1 25 | 17.7% | -6.4% | ||
| Q4 24 | -0.1% | 9.6% | ||
| Q3 24 | 5.0% | 26.5% | ||
| Q2 24 | 4.5% | 7.7% |
净利率FIVEMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 3.5% | 6.0% | ||
| Q3 25 | 4.2% | 16.0% | ||
| Q2 25 | 4.2% | 5.2% | ||
| Q1 25 | 13.5% | -4.9% | ||
| Q4 24 | 0.2% | 8.6% | ||
| Q3 24 | 4.0% | 20.2% | ||
| Q2 24 | 3.9% | 5.3% |
每股收益（稀释后）FIVEMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $0.66 | $0.32 | ||
| Q3 25 | $0.77 | $0.88 | ||
| Q2 25 | $0.75 | $0.16 | ||
| Q1 25 | $3.40 | $-0.12 | ||
| Q4 24 | $0.03 | $0.40 | ||
| Q3 24 | $0.60 | $1.09 | ||
| Q2 24 | $0.57 | $0.17 |
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 | $524.5M | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.0B | $2.1B |
| 总资产 | $4.8B | $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FIVEMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $524.5M | $1.2B | ||
| Q3 25 | $670.2M | $691.9M | ||
| Q2 25 | $624.0M | $870.5M | ||
| Q1 25 | $528.8M | $1.2B | ||
| Q4 24 | $216.6M | $1.4B | ||
| Q3 24 | $327.7M | $723.5M | ||
| Q2 24 | $369.6M | $722.4M |
总债务FIVEMAT
| Q1 26 | — | $2.3B | ||
| 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 |
股东权益FIVEMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.0B | $2.2B | ||
| Q3 25 | $1.9B | $2.3B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.6B | $2.0B |
总资产FIVEMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $4.8B | $6.6B | ||
| Q3 25 | $4.6B | $6.6B | ||
| Q2 25 | $4.5B | $6.2B | ||
| Q1 25 | $4.3B | $6.2B | ||
| Q4 24 | $4.2B | $6.5B | ||
| Q3 24 | $4.0B | $6.5B | ||
| Q2 24 | $3.9B | $5.9B |
负债/权益比FIVEMAT
| Q1 26 | — | 1.11× | ||
| 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× |
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 | $-80.1M | — |
| 自由现金流经营现金流 - 资本支出 | $-133.2M | $-88.1M |
| 自由现金流率自由现金流/营收 | -12.8% | -10.2% |
| 资本支出强度资本支出/营收 | 5.1% | 7.6% |
| 现金转化率经营现金流/净利润 | -2.19× | — |
| 过去12个月自由现金流最近4个季度 | $323.0M | — |
8季度趋势，按日历期对齐
经营现金流FIVEMAT
| Q1 26 | — | — | ||
| Q4 25 | $-80.1M | $796.6M | ||
| Q3 25 | $93.0M | $72.0M | ||
| Q2 25 | $132.7M | $-300.1M | ||
| Q1 25 | $363.5M | $24.8M | ||
| Q4 24 | $-30.6M | $862.1M | ||
| Q3 24 | $71.3M | $155.8M | ||
| Q2 24 | $26.4M | $-252.9M |
自由现金流FIVEMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $-133.2M | — | ||
| Q3 25 | $48.3M | — | ||
| Q2 25 | $96.5M | — | ||
| Q1 25 | $311.4M | — | ||
| Q4 24 | $-111.0M | — | ||
| Q3 24 | $-32.4M | — | ||
| Q2 24 | $-61.4M | — |
自由现金流率FIVEMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | -12.8% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 9.9% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | -13.2% | — | ||
| Q3 24 | -3.9% | — | ||
| Q2 24 | -7.6% | — |
资本支出强度FIVEMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.4% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 12.5% | — | ||
| Q2 24 | 10.8% | — |
现金转化率FIVEMAT
| Q1 26 | — | — | ||
| Q4 25 | -2.19× | 7.50× | ||
| Q3 25 | 2.17× | 0.26× | ||
| Q2 25 | 3.22× | -5.62× | ||
| Q1 25 | 1.94× | — | ||
| Q4 24 | -18.13× | 6.12× | ||
| Q3 24 | 2.16× | 0.42× | ||
| Q2 24 | 0.84× | -4.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
