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GigaCloud Technology Inc（GCT）与Mativ Holdings, Inc.（MATV）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是GigaCloud Technology Inc的1.4倍（$463.1M vs $332.6M），Mativ Holdings, Inc.净利率更高（21.8% vs 11.2%，领先10.6%），GigaCloud Technology Inc同比增速更快（9.7% vs 1.0%），GigaCloud Technology Inc自由现金流更多（$77.1M vs $8.0M），过去两年GigaCloud Technology Inc的营收复合增速更高（36.6% vs -3.8%）
GigaCloud Technology Inc是一家美国电商企业，主打家具、家电、健身器材等体积较大、规格不统一商品的B2B交易，旗下拥有线上B2B交易平台，业务覆盖撮合交易、全程物流直至终端配送环节。公司总部位于加利福尼亚州埃尔蒙特，自2022年8月起在纳斯达克挂牌上市。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
GCT vs MATV — 直观对比
营收规模更大
MATV
是对方的1.4倍
$332.6M
营收增速更快
GCT
高出8.7%
1.0%
净利率更高
MATV
高出10.6%
11.2%
自由现金流更多
GCT
多$69.1M
$8.0M
两年增速更快
GCT
近两年复合增速
-3.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $332.6M | $463.1M |
| 净利润 | $37.2M | $100.8M |
| 毛利率 | 23.2% | 18.8% |
| 营业利润率 | 12.2% | 2.2% |
| 净利率 | 11.2% | 21.8% |
| 营收同比 | 9.7% | 1.0% |
| 净利润同比 | -8.6% | 6620.0% |
| 每股收益（稀释后） | $0.99 | $1.87 |
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GCTMATV
| Q4 25 | — | $463.1M | ||
| Q3 25 | $332.6M | $513.7M | ||
| Q2 25 | $322.6M | $525.4M | ||
| Q1 25 | $271.9M | $484.8M | ||
| Q4 24 | $295.8M | $458.6M | ||
| Q3 24 | $303.3M | $498.5M | ||
| Q2 24 | $310.9M | $523.8M | ||
| Q1 24 | $251.1M | $500.2M |
净利润GCTMATV
| Q4 25 | — | $100.8M | ||
| Q3 25 | $37.2M | $-3.2M | ||
| Q2 25 | $34.6M | $-9.5M | ||
| Q1 25 | $27.1M | $-425.5M | ||
| Q4 24 | $31.0M | $1.5M | ||
| Q3 24 | $40.7M | $-20.8M | ||
| Q2 24 | $27.0M | $-1.4M | ||
| Q1 24 | $27.2M | $-28.0M |
毛利率GCTMATV
| Q4 25 | — | 18.8% | ||
| Q3 25 | 23.2% | 19.3% | ||
| Q2 25 | 23.9% | 19.7% | ||
| Q1 25 | 23.4% | 15.0% | ||
| Q4 24 | 22.0% | 16.9% | ||
| Q3 24 | 25.5% | 18.8% | ||
| Q2 24 | 24.6% | 20.8% | ||
| Q1 24 | 26.5% | 16.8% |
营业利润率GCTMATV
| Q4 25 | — | 2.2% | ||
| Q3 25 | 12.2% | 3.1% | ||
| Q2 25 | 11.1% | 3.8% | ||
| Q1 25 | 10.4% | -88.8% | ||
| Q4 24 | 9.3% | 0.6% | ||
| Q3 24 | 13.4% | 1.4% | ||
| Q2 24 | 8.8% | 2.0% | ||
| Q1 24 | 13.9% | -2.8% |
净利率GCTMATV
| Q4 25 | — | 21.8% | ||
| Q3 25 | 11.2% | -0.6% | ||
| Q2 25 | 10.7% | -1.8% | ||
| Q1 25 | 10.0% | -87.8% | ||
| Q4 24 | 10.5% | 0.3% | ||
| Q3 24 | 13.4% | -4.2% | ||
| Q2 24 | 8.7% | -0.3% | ||
| Q1 24 | 10.8% | -5.6% |
每股收益（稀释后）GCTMATV
| Q4 25 | — | $1.87 | ||
| Q3 25 | $0.99 | $-0.06 | ||
| Q2 25 | $0.91 | $-0.18 | ||
| Q1 25 | $0.68 | $-7.82 | ||
| Q4 24 | $0.76 | $0.03 | ||
| Q3 24 | $0.98 | $-0.38 | ||
| Q2 24 | $0.65 | $-0.03 | ||
| Q1 24 | $0.66 | $-0.52 |
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 | $365.9M | $84.2M |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | $457.3M | $498.7M |
| 总资产 | $1.1B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资GCTMATV
| Q4 25 | — | $84.2M | ||
| Q3 25 | $365.9M | $97.1M | ||
| Q2 25 | $303.0M | $95.6M | ||
| Q1 25 | $286.8M | $84.0M | ||
| Q4 24 | $302.4M | $94.3M | ||
| Q3 24 | $259.8M | $162.2M | ||
| Q2 24 | $207.8M | $133.4M | ||
| Q1 24 | $195.3M | $128.9M |
总债务GCTMATV
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益GCTMATV
| Q4 25 | — | $498.7M | ||
| Q3 25 | $457.3M | $397.4M | ||
| Q2 25 | $431.4M | $416.6M | ||
| Q1 25 | $412.9M | $428.2M | ||
| Q4 24 | $405.2M | $858.5M | ||
| Q3 24 | $400.4M | $882.3M | ||
| Q2 24 | $358.4M | $898.0M | ||
| Q1 24 | $317.8M | $906.9M |
总资产GCTMATV
| Q4 25 | — | $2.1B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.1B | $2.1B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $1.1B | $2.6B | ||
| Q2 24 | $1.1B | $2.6B | ||
| Q1 24 | $977.6M | $2.7B |
负债/权益比GCTMATV
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 2.63× | ||
| Q2 25 | — | 2.66× | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.29× | ||
| Q1 24 | — | 1.30× |
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 | $78.3M | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $77.1M | $8.0M |
| 自由现金流率自由现金流/营收 | 23.2% | 1.7% |
| 资本支出强度资本支出/营收 | 0.4% | 2.4% |
| 现金转化率经营现金流/净利润 | 2.10× | 0.19× |
| 过去12个月自由现金流最近4个季度 | $188.1M | $93.8M |
8季度趋势，按日历期对齐
经营现金流GCTMATV
| Q4 25 | — | $19.3M | ||
| Q3 25 | $78.3M | $72.8M | ||
| Q2 25 | $38.6M | $57.6M | ||
| Q1 25 | $9.4M | $-15.9M | ||
| Q4 24 | $68.4M | $24.1M | ||
| Q3 24 | $55.2M | $37.6M | ||
| Q2 24 | $19.1M | $46.1M | ||
| Q1 24 | $15.3M | $-13.0M |
自由现金流GCTMATV
| Q4 25 | — | $8.0M | ||
| Q3 25 | $77.1M | $66.7M | ||
| Q2 25 | $37.0M | $48.9M | ||
| Q1 25 | $7.0M | $-29.8M | ||
| Q4 24 | $66.9M | $2.0M | ||
| Q3 24 | $51.4M | $25.5M | ||
| Q2 24 | $12.9M | $37.4M | ||
| Q1 24 | $11.3M | $-25.1M |
自由现金流率GCTMATV
| Q4 25 | — | 1.7% | ||
| Q3 25 | 23.2% | 13.0% | ||
| Q2 25 | 11.5% | 9.3% | ||
| Q1 25 | 2.6% | -6.1% | ||
| Q4 24 | 22.6% | 0.4% | ||
| Q3 24 | 16.9% | 5.1% | ||
| Q2 24 | 4.2% | 7.1% | ||
| Q1 24 | 4.5% | -5.0% |
资本支出强度GCTMATV
| Q4 25 | — | 2.4% | ||
| Q3 25 | 0.4% | 1.2% | ||
| Q2 25 | 0.5% | 1.7% | ||
| Q1 25 | 0.9% | 2.9% | ||
| Q4 24 | 0.5% | 4.8% | ||
| Q3 24 | 1.3% | 2.4% | ||
| Q2 24 | 2.0% | 1.7% | ||
| Q1 24 | 1.6% | 2.4% |
现金转化率GCTMATV
| Q4 25 | — | 0.19× | ||
| Q3 25 | 2.10× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 2.21× | 16.07× | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.56× | — |
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
GCT
| Services | $108.4M | 33% |
| Transferred Over Time | $89.8M | 27% |
| Product Sales To B | $50.1M | 15% |
| Last Mile Delivery Service | $49.2M | 15% |
| Warehousing Service | $14.2M | 4% |
| Ocean Transportation Service | $9.0M | 3% |
| Platform Commission | $4.9M | 1% |
| Drayage Service | $3.2M | 1% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
