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FMC CORP（FMC）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是FMC CORP的1.6倍（$1.8B vs $1.1B），美泰净利率更高（6.0% vs -158.8%，领先164.9%），美泰同比增速更快（7.3% vs -11.5%），过去两年美泰的营收复合增速更高（47.7% vs 8.6%）
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
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。
FMC vs MAT — 直观对比
营收规模更大
MAT
是对方的1.6倍
$1.1B
营收增速更快
MAT
高出18.8%
-11.5%
净利率更高
MAT
高出164.9%
-158.8%
两年增速更快
MAT
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.8B |
| 净利润 | $-1.7B | $106.2M |
| 毛利率 | 39.8% | 45.9% |
| 营业利润率 | -130.8% | 8.0% |
| 净利率 | -158.8% | 6.0% |
| 营收同比 | -11.5% | 7.3% |
| 净利润同比 | -10457.1% | -24.6% |
| 每股收益（稀释后） | $-13.77 | $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FMCMAT
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $542.2M | $1.7B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $791.4M | $826.6M | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $918.0M | $809.5M |
净利润FMCMAT
| Q4 25 | $-1.7B | $106.2M | ||
| Q3 25 | $-569.3M | $278.4M | ||
| Q2 25 | $66.7M | $53.4M | ||
| Q1 25 | $-15.5M | $-40.3M | ||
| Q4 24 | $-16.3M | $140.9M | ||
| Q3 24 | $65.0M | $372.4M | ||
| Q2 24 | $295.1M | $56.9M | ||
| Q1 24 | $-2.7M | $-28.3M |
毛利率FMCMAT
| Q4 25 | 39.8% | 45.9% | ||
| Q3 25 | 23.8% | 50.0% | ||
| Q2 25 | 38.7% | 50.9% | ||
| Q1 25 | 40.0% | 49.4% | ||
| Q4 24 | 42.9% | 50.7% | ||
| Q3 24 | 36.3% | 53.1% | ||
| Q2 24 | 38.3% | 49.2% | ||
| Q1 24 | 37.0% | 48.0% |
营业利润率FMCMAT
| Q4 25 | -130.8% | 8.0% | ||
| Q3 25 | -73.1% | 21.9% | ||
| Q2 25 | 12.0% | 7.7% | ||
| Q1 25 | 7.4% | -6.4% | ||
| Q4 24 | 19.2% | 9.6% | ||
| Q3 24 | 12.7% | 26.5% | ||
| Q2 24 | 6.0% | 7.7% | ||
| Q1 24 | 8.1% | -4.4% |
净利率FMCMAT
| Q4 25 | -158.8% | 6.0% | ||
| Q3 25 | -105.0% | 16.0% | ||
| Q2 25 | 6.3% | 5.2% | ||
| Q1 25 | -2.0% | -4.9% | ||
| Q4 24 | -1.3% | 8.6% | ||
| Q3 24 | 6.1% | 20.2% | ||
| Q2 24 | 28.4% | 5.3% | ||
| Q1 24 | -0.3% | -3.5% |
每股收益（稀释后）FMCMAT
| Q4 25 | $-13.77 | $0.32 | ||
| Q3 25 | $-4.52 | $0.88 | ||
| Q2 25 | $0.53 | $0.16 | ||
| Q1 25 | $-0.12 | $-0.12 | ||
| Q4 24 | $-0.13 | $0.40 | ||
| Q3 24 | $0.52 | $1.09 | ||
| Q2 24 | $2.35 | $0.17 | ||
| Q1 24 | $-0.02 | $-0.08 |
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 | $584.5M | $1.2B |
| 总债务越低越好 | $3.4B | $2.3B |
| 股东权益账面价值 | $2.1B | $2.2B |
| 总资产 | $9.7B | $6.6B |
| 负债/权益比越低杠杆越低 | 1.62× | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资FMCMAT
| Q4 25 | $584.5M | $1.2B | ||
| Q3 25 | $497.7M | $691.9M | ||
| Q2 25 | $438.2M | $870.5M | ||
| Q1 25 | $315.3M | $1.2B | ||
| Q4 24 | $357.3M | $1.4B | ||
| Q3 24 | $416.7M | $723.5M | ||
| Q2 24 | $471.5M | $722.4M | ||
| Q1 24 | $417.8M | $1.1B |
总债务FMCMAT
| Q4 25 | $3.4B | $2.3B | ||
| Q3 25 | $3.4B | $2.3B | ||
| Q2 25 | $3.4B | $2.3B | ||
| Q1 25 | $3.1B | $2.3B | ||
| Q4 24 | $3.1B | $2.3B | ||
| Q3 24 | $3.1B | $2.3B | ||
| Q2 24 | $3.1B | $2.3B | ||
| Q1 24 | $3.1B | $2.3B |
股东权益FMCMAT
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $3.8B | $2.3B | ||
| Q2 25 | $4.4B | $2.2B | ||
| Q1 25 | $4.4B | $2.1B | ||
| Q4 24 | $4.5B | $2.3B | ||
| Q3 24 | $4.6B | $2.3B | ||
| Q2 24 | $4.6B | $2.0B | ||
| Q1 24 | $4.3B | $2.0B |
总资产FMCMAT
| Q4 25 | $9.7B | $6.6B | ||
| Q3 25 | $12.1B | $6.6B | ||
| Q2 25 | $12.3B | $6.2B | ||
| Q1 25 | $11.8B | $6.2B | ||
| Q4 24 | $11.7B | $6.5B | ||
| Q3 24 | $12.2B | $6.5B | ||
| Q2 24 | $12.1B | $5.9B | ||
| Q1 24 | $12.0B | $6.1B |
负债/权益比FMCMAT
| Q4 25 | 1.62× | 1.04× | ||
| Q3 25 | 0.89× | 1.03× | ||
| Q2 25 | 0.76× | 1.08× | ||
| Q1 25 | 0.71× | 1.10× | ||
| Q4 24 | 0.69× | 1.03× | ||
| Q3 24 | 0.68× | 1.01× | ||
| Q2 24 | 0.68× | 1.18× | ||
| Q1 24 | 0.72× | 1.15× |
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 | $657.1M | $796.6M |
| 自由现金流经营现金流 - 资本支出 | $631.1M | — |
| 自由现金流率自由现金流/营收 | 58.3% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | — | 7.50× |
| 过去12个月自由现金流最近4个季度 | $-102.5M | — |
8季度趋势，按日历期对齐
经营现金流FMCMAT
| Q4 25 | $657.1M | $796.6M | ||
| Q3 25 | $-184.2M | $72.0M | ||
| Q2 25 | $65.9M | $-300.1M | ||
| Q1 25 | $-545.0M | $24.8M | ||
| Q4 24 | $427.9M | $862.1M | ||
| Q3 24 | $159.5M | $155.8M | ||
| Q2 24 | $292.2M | $-252.9M | ||
| Q1 24 | $-142.9M | $35.5M |
自由现金流FMCMAT
| Q4 25 | $631.1M | — | ||
| Q3 25 | $-207.9M | — | ||
| Q2 25 | $50.9M | — | ||
| Q1 25 | $-576.6M | — | ||
| Q4 24 | $406.3M | — | ||
| Q3 24 | $143.8M | — | ||
| Q2 24 | $282.3M | — | ||
| Q1 24 | $-163.6M | — |
自由现金流率FMCMAT
| Q4 25 | 58.3% | — | ||
| Q3 25 | -38.3% | — | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | -72.9% | — | ||
| Q4 24 | 33.2% | — | ||
| Q3 24 | 13.5% | — | ||
| Q2 24 | 27.2% | — | ||
| Q1 24 | -17.8% | — |
资本支出强度FMCMAT
| Q4 25 | 2.4% | — | ||
| Q3 25 | 4.4% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 4.0% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | 2.3% | — |
现金转化率FMCMAT
| Q4 25 | — | 7.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | 0.99× | -5.62× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | 2.45× | 0.42× | ||
| Q2 24 | 0.99× | -4.45× | ||
| Q1 24 | — | — |
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
FMC
| Insecticides | $440.3M | 41% |
| Herbicides | $378.8M | 35% |
| Fungicides | $140.4M | 13% |
| Plant Health | $65.6M | 6% |
| Other | $45.0M | 4% |
MAT
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
