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Grocery Outlet Holding Corp.（GO）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
Grocery Outlet Holding Corp.的季度营收约是美泰的1.4倍（$1.2B vs $862.2M），美泰净利率更高（7.1% vs -18.5%，领先25.6%），Grocery Outlet Holding Corp.同比增速更快（10.7% vs 4.3%），过去两年Grocery Outlet Holding Corp.的营收复合增速更高（8.3% vs -10.6%）
Grocery Outlet Holding Corp.是美国知名的折扣清仓零售企业，旗下所有门店均为超市，主打销售品牌厂商及自有品牌供应商的库存积压与清仓商品，价格优惠。目前该公司的门店已分布在美国加利福尼亚、俄勒冈、华盛顿、爱达荷等十余州。
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。
GO vs MAT — 直观对比
营收规模更大
GO
是对方的1.4倍
$862.2M
营收增速更快
GO
高出6.4%
4.3%
净利率更高
MAT
高出25.6%
-18.5%
两年增速更快
GO
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $862.2M |
| 净利润 | $-224.9M | $61.0M |
| 毛利率 | 29.7% | 44.9% |
| 营业利润率 | — | — |
| 净利率 | -18.5% | 7.1% |
| 营收同比 | 10.7% | 4.3% |
| 净利润同比 | -669.9% | 251.4% |
| 每股收益（稀释后） | $-2.22 | $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GOMAT
| Q1 26 | $1.2B | $862.2M | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.1B | $826.6M | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.1B | $1.1B |
净利润GOMAT
| Q1 26 | $-224.9M | $61.0M | ||
| Q4 25 | — | $106.2M | ||
| Q3 25 | $11.6M | $278.4M | ||
| Q2 25 | $5.0M | $53.4M | ||
| Q1 25 | $-23.3M | $-40.3M | ||
| Q4 24 | $2.3M | $140.9M | ||
| Q3 24 | $24.2M | $372.4M | ||
| Q2 24 | $14.0M | $56.9M |
毛利率GOMAT
| Q1 26 | 29.7% | 44.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | 30.4% | 50.0% | ||
| Q2 25 | 30.6% | 50.9% | ||
| Q1 25 | 30.4% | 49.4% | ||
| Q4 24 | 29.5% | 50.7% | ||
| Q3 24 | 31.1% | 53.1% | ||
| Q2 24 | 30.9% | 49.2% |
营业利润率GOMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 8.0% | ||
| Q3 25 | 2.0% | 21.9% | ||
| Q2 25 | 1.1% | 7.7% | ||
| Q1 25 | -2.0% | -6.4% | ||
| Q4 24 | 1.0% | 9.6% | ||
| Q3 24 | 3.6% | 26.5% | ||
| Q2 24 | 2.3% | 7.7% |
净利率GOMAT
| Q1 26 | -18.5% | 7.1% | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | 1.0% | 16.0% | ||
| Q2 25 | 0.4% | 5.2% | ||
| Q1 25 | -2.1% | -4.9% | ||
| Q4 24 | 0.2% | 8.6% | ||
| Q3 24 | 2.2% | 20.2% | ||
| Q2 24 | 1.2% | 5.3% |
每股收益（稀释后）GOMAT
| Q1 26 | $-2.22 | $0.20 | ||
| Q4 25 | — | $0.32 | ||
| Q3 25 | $0.12 | $0.88 | ||
| Q2 25 | $0.05 | $0.16 | ||
| Q1 25 | $-0.24 | $-0.12 | ||
| Q4 24 | $0.03 | $0.40 | ||
| Q3 24 | $0.24 | $1.09 | ||
| Q2 24 | $0.14 | $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 | $69.6M | $866.0M |
| 总债务越低越好 | $15.0M | $2.3B |
| 股东权益账面价值 | $983.7M | $2.1B |
| 总资产 | $3.1B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.02× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资GOMAT
| Q1 26 | $69.6M | $866.0M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $52.1M | $691.9M | ||
| Q2 25 | $55.2M | $870.5M | ||
| Q1 25 | $50.9M | $1.2B | ||
| Q4 24 | $62.8M | $1.4B | ||
| Q3 24 | $68.7M | $723.5M | ||
| Q2 24 | $67.1M | $722.4M |
总债务GOMAT
| Q1 26 | $15.0M | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | $500.3M | $2.3B | ||
| Q2 25 | $473.9M | $2.3B | ||
| Q1 25 | $475.7M | $2.3B | ||
| Q4 24 | $477.5M | $2.3B | ||
| Q3 24 | $429.3M | $2.3B | ||
| Q2 24 | $379.2M | $2.3B |
股东权益GOMAT
| Q1 26 | $983.7M | $2.1B | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.2B | $2.3B | ||
| Q2 24 | $1.2B | $2.0B |
总资产GOMAT
| Q1 26 | $3.1B | $6.3B | ||
| Q4 25 | — | $6.6B | ||
| Q3 25 | $3.4B | $6.6B | ||
| Q2 25 | $3.3B | $6.2B | ||
| Q1 25 | $3.3B | $6.2B | ||
| Q4 24 | $3.2B | $6.5B | ||
| Q3 24 | $3.1B | $6.5B | ||
| Q2 24 | $3.1B | $5.9B |
负债/权益比GOMAT
| Q1 26 | 0.02× | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | 0.42× | 1.03× | ||
| Q2 25 | 0.40× | 1.08× | ||
| Q1 25 | 0.40× | 1.10× | ||
| Q4 24 | 0.40× | 1.03× | ||
| Q3 24 | 0.35× | 1.01× | ||
| Q2 24 | 0.31× | 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 | $222.1M | — |
| 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GOMAT
| Q1 26 | $222.1M | — | ||
| Q4 25 | — | $796.6M | ||
| Q3 25 | $17.3M | $72.0M | ||
| Q2 25 | $73.6M | $-300.1M | ||
| Q1 25 | $58.9M | $24.8M | ||
| Q4 24 | $39.5M | $862.1M | ||
| Q3 24 | $23.0M | $155.8M | ||
| Q2 24 | $41.6M | $-252.9M |
自由现金流GOMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $-21.6M | — | ||
| Q2 25 | $14.4M | — | ||
| Q1 25 | $-1.5M | — | ||
| Q4 24 | $-19.6M | — | ||
| Q3 24 | $-19.3M | — | ||
| Q2 24 | $2.7M | — |
自由现金流率GOMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | -1.8% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | -1.8% | — | ||
| Q3 24 | -1.7% | — | ||
| Q2 24 | 0.2% | — |
资本支出强度GOMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 3.4% | — |
现金转化率GOMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | 1.49× | 0.26× | ||
| Q2 25 | 14.84× | -5.62× | ||
| Q1 25 | — | — | ||
| Q4 24 | 17.09× | 6.12× | ||
| Q3 24 | 0.95× | 0.42× | ||
| Q2 24 | 2.97× | -4.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
