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合众银行（FSBC）与MARINE PRODUCTS CORP（MPX）财务数据对比。点击上方公司名可切换其他公司
MARINE PRODUCTS CORP的季度营收约是合众银行的1.4倍（$64.6M vs $45.1M），合众银行净利率更高（41.3% vs 3.7%，领先37.6%），过去两年合众银行的营收复合增速更高（21.3% vs -3.5%）
合众银行是总部设在美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行。它旗下核心运营实体为美国银行全国协会，以US Bank品牌开展业务，提供银行、投资、抵押等金融服务。
Marine Products Corp旗下的West Marine是一家总部位于美国佛罗里达州劳德代尔堡的企业，在北美地区经营247家船艇用品及渔具零售连锁店，同时运营名为蓝色未来的非营利组织，品牌旗舰店面积超5万平方英尺，于2011年11月11日在劳德代尔堡正式开业。
FSBC vs MPX — 直观对比
营收规模更大
MPX
是对方的1.4倍
$45.1M
净利率更高
FSBC
高出37.6%
3.7%
两年增速更快
FSBC
近两年复合增速
-3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.1M | $64.6M |
| 净利润 | $18.6M | $2.4M |
| 毛利率 | — | 19.6% |
| 营业利润率 | — | 5.8% |
| 净利率 | 41.3% | 3.7% |
| 营收同比 | — | 35.0% |
| 净利润同比 | 42.0% | -44.6% |
| 每股收益（稀释后） | $0.87 | $0.07 |
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FSBCMPX
| Q1 26 | $45.1M | — | ||
| Q4 25 | $43.5M | $64.6M | ||
| Q3 25 | $41.3M | $53.1M | ||
| Q2 25 | $38.3M | $67.7M | ||
| Q1 25 | $35.3M | $59.0M | ||
| Q4 24 | $35.2M | $47.8M | ||
| Q3 24 | $31.8M | $49.9M | ||
| Q2 24 | $30.7M | $69.5M |
净利润FSBCMPX
| Q1 26 | $18.6M | — | ||
| Q4 25 | $17.6M | $2.4M | ||
| Q3 25 | $16.3M | $2.6M | ||
| Q2 25 | $14.5M | $4.2M | ||
| Q1 25 | $13.1M | $2.2M | ||
| Q4 24 | $13.3M | $4.3M | ||
| Q3 24 | $10.9M | $3.4M | ||
| Q2 24 | $10.8M | $5.6M |
毛利率FSBCMPX
| Q1 26 | — | — | ||
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 19.2% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 18.9% |
营业利润率FSBCMPX
| Q1 26 | — | — | ||
| Q4 25 | 52.9% | 5.8% | ||
| Q3 25 | 53.8% | 5.4% | ||
| Q2 25 | 52.4% | 7.1% | ||
| Q1 25 | 52.0% | 4.4% | ||
| Q4 24 | 55.1% | 7.7% | ||
| Q3 24 | 48.0% | 7.2% | ||
| Q2 24 | 49.4% | 8.3% |
净利率FSBCMPX
| Q1 26 | 41.3% | — | ||
| Q4 25 | 40.6% | 3.7% | ||
| Q3 25 | 39.6% | 5.0% | ||
| Q2 25 | 37.9% | 6.1% | ||
| Q1 25 | 37.1% | 3.7% | ||
| Q4 24 | 37.9% | 8.9% | ||
| Q3 24 | 34.4% | 6.8% | ||
| Q2 24 | 35.2% | 8.0% |
每股收益（稀释后）FSBCMPX
| Q1 26 | $0.87 | — | ||
| Q4 25 | $0.83 | $0.07 | ||
| Q3 25 | $0.77 | $0.07 | ||
| Q2 25 | $0.68 | $0.12 | ||
| Q1 25 | $0.62 | $0.06 | ||
| Q4 24 | $0.61 | $0.13 | ||
| Q3 24 | $0.52 | $0.10 | ||
| Q2 24 | $0.51 | $0.14 |
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 | $644.4M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $458.5M | $125.0M |
| 总资产 | $5.0B | $147.2M |
| 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FSBCMPX
| Q1 26 | $644.4M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FSBCMPX
| Q1 26 | $458.5M | — | ||
| Q4 25 | $445.8M | $125.0M | ||
| Q3 25 | $431.3M | $126.3M | ||
| Q2 25 | $416.7M | $127.2M | ||
| Q1 25 | $406.5M | $126.4M | ||
| Q4 24 | $396.6M | $129.0M | ||
| Q3 24 | $389.9M | $128.8M | ||
| Q2 24 | $380.5M | $129.3M |
总资产FSBCMPX
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.8B | $147.2M | ||
| Q3 25 | $4.6B | $179.5M | ||
| Q2 25 | $4.4B | $173.2M | ||
| Q1 25 | $4.2B | $182.9M | ||
| Q4 24 | $4.1B | $171.2M | ||
| Q3 24 | $3.9B | $176.3M | ||
| Q2 24 | $3.6B | $175.7M |
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 | — | $4.7M |
| 自由现金流经营现金流 - 资本支出 | — | $4.1M |
| 自由现金流率自由现金流/营收 | — | 6.4% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | — | 2.00× |
| 过去12个月自由现金流最近4个季度 | — | $14.9M |
8季度趋势，按日历期对齐
经营现金流FSBCMPX
| Q1 26 | — | — | ||
| Q4 25 | $72.6M | $4.7M | ||
| Q3 25 | $18.8M | $2.6M | ||
| Q2 25 | $17.8M | $-1.6M | ||
| Q1 25 | $15.5M | $10.8M | ||
| Q4 24 | $51.8M | $4.6M | ||
| Q3 24 | $17.5M | $5.1M | ||
| Q2 24 | $16.0M | $3.8M |
自由现金流FSBCMPX
| Q1 26 | — | — | ||
| Q4 25 | $71.4M | $4.1M | ||
| Q3 25 | $18.6M | $2.1M | ||
| Q2 25 | $17.5M | $-2.0M | ||
| Q1 25 | $15.4M | $10.7M | ||
| Q4 24 | $51.2M | $3.6M | ||
| Q3 24 | $17.3M | $3.2M | ||
| Q2 24 | $15.8M | $3.0M |
自由现金流率FSBCMPX
| Q1 26 | — | — | ||
| Q4 25 | 164.3% | 6.4% | ||
| Q3 25 | 45.0% | 4.0% | ||
| Q2 25 | 45.8% | -3.0% | ||
| Q1 25 | 43.5% | 18.1% | ||
| Q4 24 | 145.5% | 7.6% | ||
| Q3 24 | 54.5% | 6.5% | ||
| Q2 24 | 51.6% | 4.4% |
资本支出强度FSBCMPX
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 0.9% | ||
| Q3 25 | 0.5% | 0.8% | ||
| Q2 25 | 0.6% | 0.6% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 1.8% | 2.1% | ||
| Q3 24 | 0.7% | 3.8% | ||
| Q2 24 | 0.7% | 1.1% |
现金转化率FSBCMPX
| Q1 26 | — | — | ||
| Q4 25 | 4.12× | 2.00× | ||
| Q3 25 | 1.15× | 0.97× | ||
| Q2 25 | 1.23× | -0.39× | ||
| Q1 25 | 1.18× | 4.88× | ||
| Q4 24 | 3.89× | 1.09× | ||
| Q3 24 | 1.60× | 1.51× | ||
| Q2 24 | 1.49× | 0.68× |
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
FSBC
| Net Interest Income | $43.5M | 96% |
| Noninterest Income | $1.6M | 4% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
