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Gen Digital（GEN）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
Gen Digital的季度营收约是美泰的1.4倍（$1.2B vs $862.2M），Gen Digital净利率更高（15.5% vs 7.1%，领先8.4%），Gen Digital同比增速更快（28.5% vs 4.3%），过去两年Gen Digital的营收复合增速更高（13.2% vs -10.6%）
Gen Digital是一家跨国软件企业，双总部分别设于美国亚利桑那州坦佩和欧盟捷克布拉格，是财富500强企业及标普500指数成分股，同时在纳斯达克与布拉格证券交易所挂牌上市。公司主营网络安全软件、金融科技及相关服务，旗下拥有诺顿、Avast、LifeLock、AVG、CCleaner等多个知名品牌。
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。
GEN vs MAT — 直观对比
营收规模更大
GEN
是对方的1.4倍
$862.2M
营收增速更快
GEN
高出24.2%
4.3%
净利率更高
GEN
高出8.4%
7.1%
两年增速更快
GEN
近两年复合增速
-10.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $862.2M |
| 净利润 | $192.0M | $61.0M |
| 毛利率 | 78.4% | 44.9% |
| 营业利润率 | 34.9% | — |
| 净利率 | 15.5% | 7.1% |
| 营收同比 | 28.5% | 4.3% |
| 净利润同比 | 6.1% | 251.4% |
| 每股收益（稀释后） | $0.31 | $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GENMAT
| Q1 26 | $1.2B | $862.2M | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | $1.0B | $826.6M | ||
| Q4 24 | $986.0M | $1.6B | ||
| Q3 24 | $974.0M | $1.8B | ||
| Q2 24 | $965.0M | $1.1B |
净利润GENMAT
| Q1 26 | $192.0M | $61.0M | ||
| Q4 25 | $134.0M | $106.2M | ||
| Q3 25 | $135.0M | $278.4M | ||
| Q2 25 | — | $53.4M | ||
| Q1 25 | $142.0M | $-40.3M | ||
| Q4 24 | $159.0M | $140.9M | ||
| Q3 24 | $161.0M | $372.4M | ||
| Q2 24 | $181.0M | $56.9M |
毛利率GENMAT
| Q1 26 | 78.4% | 44.9% | ||
| Q4 25 | 78.2% | 45.9% | ||
| Q3 25 | 78.8% | 50.0% | ||
| Q2 25 | — | 50.9% | ||
| Q1 25 | 80.3% | 49.4% | ||
| Q4 24 | 80.4% | 50.7% | ||
| Q3 24 | 80.1% | 53.1% | ||
| Q2 24 | 80.3% | 49.2% |
营业利润率GENMAT
| Q1 26 | 34.9% | — | ||
| Q4 25 | 35.9% | 8.0% | ||
| Q3 25 | 35.5% | 21.9% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | 41.3% | -6.4% | ||
| Q4 24 | 37.9% | 9.6% | ||
| Q3 24 | 41.3% | 26.5% | ||
| Q2 24 | 43.2% | 7.7% |
净利率GENMAT
| Q1 26 | 15.5% | 7.1% | ||
| Q4 25 | 11.0% | 6.0% | ||
| Q3 25 | 10.7% | 16.0% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | 14.1% | -4.9% | ||
| Q4 24 | 16.1% | 8.6% | ||
| Q3 24 | 16.5% | 20.2% | ||
| Q2 24 | 18.8% | 5.3% |
每股收益（稀释后）GENMAT
| Q1 26 | $0.31 | $0.20 | ||
| Q4 25 | $0.21 | $0.32 | ||
| Q3 25 | $0.22 | $0.88 | ||
| Q2 25 | — | $0.16 | ||
| Q1 25 | $0.22 | $-0.12 | ||
| Q4 24 | $0.26 | $0.40 | ||
| Q3 24 | $0.26 | $1.09 | ||
| Q2 24 | $0.29 | $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 | — | $866.0M |
| 总债务越低越好 | $8.4B | $2.3B |
| 股东权益账面价值 | $2.3B | $2.1B |
| 总资产 | $15.8B | $6.3B |
| 负债/权益比越低杠杆越低 | 3.61× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资GENMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $691.9M | ||
| Q2 25 | — | $870.5M | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $883.0M | $1.4B | ||
| Q3 24 | $737.0M | $723.5M | ||
| Q2 24 | $644.0M | $722.4M |
总债务GENMAT
| Q1 26 | $8.4B | $2.3B | ||
| Q4 25 | $8.7B | $2.3B | ||
| Q3 25 | $8.9B | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | $8.3B | $2.3B | ||
| Q4 24 | $8.5B | $2.3B | ||
| Q3 24 | $8.5B | $2.3B | ||
| Q2 24 | $8.5B | $2.3B |
股东权益GENMAT
| Q1 26 | $2.3B | $2.1B | ||
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $2.4B | $2.3B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.2B | $2.3B | ||
| Q3 24 | $2.1B | $2.3B | ||
| Q2 24 | $2.0B | $2.0B |
总资产GENMAT
| Q1 26 | $15.8B | $6.3B | ||
| Q4 25 | $16.1B | $6.6B | ||
| Q3 25 | $16.4B | $6.6B | ||
| Q2 25 | — | $6.2B | ||
| Q1 25 | $15.5B | $6.2B | ||
| Q4 24 | $15.4B | $6.5B | ||
| Q3 24 | $15.5B | $6.5B | ||
| Q2 24 | $15.4B | $5.9B |
负债/权益比GENMAT
| Q1 26 | 3.61× | 1.11× | ||
| Q4 25 | 3.54× | 1.04× | ||
| Q3 25 | 3.75× | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | 3.64× | 1.10× | ||
| Q4 24 | 3.94× | 1.03× | ||
| Q3 24 | 4.06× | 1.01× | ||
| Q2 24 | 4.33× | 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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $-88.1M |
| 自由现金流率自由现金流/营收 | — | -10.2% |
| 资本支出强度资本支出/营收 | — | 7.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流GENMAT
| Q1 26 | — | — | ||
| Q4 25 | $541.0M | $796.6M | ||
| Q3 25 | $409.0M | $72.0M | ||
| Q2 25 | — | $-300.1M | ||
| Q1 25 | $473.0M | $24.8M | ||
| Q4 24 | $326.0M | $862.1M | ||
| Q3 24 | $158.0M | $155.8M | ||
| Q2 24 | $264.0M | $-252.9M |
自由现金流GENMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $535.0M | — | ||
| Q3 25 | $405.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $470.0M | — | ||
| Q4 24 | $318.0M | — | ||
| Q3 24 | $156.0M | — | ||
| Q2 24 | $262.0M | — |
自由现金流率GENMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 43.9% | — | ||
| Q3 25 | 32.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 46.5% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 27.2% | — |
资本支出强度GENMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.2% | — |
现金转化率GENMAT
| Q1 26 | — | — | ||
| Q4 25 | 4.04× | 7.50× | ||
| Q3 25 | 3.03× | 0.26× | ||
| Q2 25 | — | -5.62× | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 2.05× | 6.12× | ||
| Q3 24 | 0.98× | 0.42× | ||
| Q2 24 | 1.46× | -4.45× |
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
GEN
| Cyber Safety Platform | $819.0M | 66% |
| Trust Based Solutions | $421.0M | 34% |
| Net Interest Income On Notes Receivable | $4.0M | 0% |
MAT
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