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WARRIOR MET COAL, INC.（HCC）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
美森的季度营收约是WARRIOR MET COAL, INC.的1.9倍（$851.9M vs $458.6M），美森净利率更高（16.8% vs 15.8%，领先1.0%），WARRIOR MET COAL, INC.同比增速更快（52.1% vs -4.3%），过去两年美森的营收复合增速更高（8.6% vs 7.5%）
Warrior Met Coal（股票代码HCC）是总部位于美国的矿业企业，主营高品质冶金煤的开采与供应，其产品是钢铁制造的核心原材料，主要服务北美、欧洲、亚洲地区的钢铁生产商及工业客户。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
HCC vs MATX — 直观对比
营收规模更大
MATX
是对方的1.9倍
$458.6M
营收增速更快
HCC
高出56.4%
-4.3%
净利率更高
MATX
高出1.0%
15.8%
两年增速更快
MATX
近两年复合增速
7.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $458.6M | $851.9M |
| 净利润 | $72.3M | $143.1M |
| 毛利率 | 36.7% | — |
| 营业利润率 | 17.3% | 16.9% |
| 净利率 | 15.8% | 16.8% |
| 营收同比 | 52.1% | -4.3% |
| 净利润同比 | — | 11.8% |
| 每股收益（稀释后） | $1.37 | $4.47 |
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HCCMATX
| Q1 26 | $458.6M | — | ||
| Q4 25 | $384.0M | $851.9M | ||
| Q3 25 | $328.6M | $880.1M | ||
| Q2 25 | $297.5M | $830.5M | ||
| Q1 25 | $299.9M | $782.0M | ||
| Q4 24 | $297.5M | $890.3M | ||
| Q3 24 | $327.7M | $962.0M | ||
| Q2 24 | $396.5M | $847.4M |
净利润HCCMATX
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | $143.1M | ||
| Q3 25 | $36.6M | $134.7M | ||
| Q2 25 | $5.6M | $94.7M | ||
| Q1 25 | $-8.2M | $72.3M | ||
| Q4 24 | $1.1M | $128.0M | ||
| Q3 24 | $41.8M | $199.1M | ||
| Q2 24 | $70.7M | $113.2M |
毛利率HCCMATX
| Q1 26 | 36.7% | — | ||
| Q4 25 | 29.5% | — | ||
| Q3 25 | 27.1% | — | ||
| Q2 25 | 23.9% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 23.1% | — | ||
| Q3 24 | 29.3% | — | ||
| Q2 24 | 34.1% | — |
营业利润率HCCMATX
| Q1 26 | 17.3% | — | ||
| Q4 25 | 9.0% | 16.9% | ||
| Q3 25 | 6.3% | 18.3% | ||
| Q2 25 | 2.6% | 13.6% | ||
| Q1 25 | -5.8% | 10.5% | ||
| Q4 24 | -1.4% | 16.6% | ||
| Q3 24 | 11.9% | 25.2% | ||
| Q2 24 | 17.9% | 14.7% |
净利率HCCMATX
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | 16.8% | ||
| Q3 25 | 11.1% | 15.3% | ||
| Q2 25 | 1.9% | 11.4% | ||
| Q1 25 | -2.7% | 9.2% | ||
| Q4 24 | 0.4% | 14.4% | ||
| Q3 24 | 12.7% | 20.7% | ||
| Q2 24 | 17.8% | 13.4% |
每股收益（稀释后）HCCMATX
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | $4.47 | ||
| Q3 25 | $0.70 | $4.24 | ||
| Q2 25 | $0.11 | $2.92 | ||
| Q1 25 | $-0.16 | $2.18 | ||
| Q4 24 | $0.02 | $3.69 | ||
| Q3 24 | $0.80 | $5.89 | ||
| Q2 24 | $1.35 | $3.31 |
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 | $233.2M | $141.9M |
| 总债务越低越好 | $154.4M | $361.2M |
| 股东权益账面价值 | — | $2.8B |
| 总资产 | $2.8B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资HCCMATX
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | $141.9M | ||
| Q3 25 | $336.3M | $92.7M | ||
| Q2 25 | $383.3M | $59.1M | ||
| Q1 25 | $454.9M | $122.0M | ||
| Q4 24 | $491.5M | $266.8M | ||
| Q3 24 | $583.2M | $270.3M | ||
| Q2 24 | $709.0M | $168.2M |
总债务HCCMATX
| Q1 26 | $154.4M | — | ||
| Q4 25 | $154.3M | $361.2M | ||
| Q3 25 | $154.1M | $370.9M | ||
| Q2 25 | $153.9M | $341.3M | ||
| Q1 25 | $153.8M | $351.1M | ||
| Q4 24 | $153.6M | $361.2M | ||
| Q3 24 | $153.5M | $370.9M | ||
| Q2 24 | $153.3M | $381.0M |
股东权益HCCMATX
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $2.8B | ||
| Q3 25 | $2.1B | $2.7B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.1B | $2.6B | ||
| Q4 24 | $2.1B | $2.7B | ||
| Q3 24 | $2.1B | $2.6B | ||
| Q2 24 | $2.0B | $2.4B |
总资产HCCMATX
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $4.6B | ||
| Q3 25 | $2.7B | $4.6B | ||
| Q2 25 | $2.6B | $4.5B | ||
| Q1 25 | $2.6B | $4.5B | ||
| Q4 24 | $2.6B | $4.6B | ||
| Q3 24 | $2.6B | $4.4B | ||
| Q2 24 | $2.6B | $4.3B |
负债/权益比HCCMATX
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | 0.13× | ||
| Q3 25 | 0.07× | 0.14× | ||
| Q2 25 | 0.07× | 0.13× | ||
| Q1 25 | 0.07× | 0.13× | ||
| Q4 24 | 0.07× | 0.14× | ||
| Q3 24 | 0.07× | 0.15× | ||
| Q2 24 | 0.07× | 0.16× |
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 | — | $176.9M |
| 自由现金流经营现金流 - 资本支出 | — | $42.2M |
| 自由现金流率自由现金流/营收 | — | 5.0% |
| 资本支出强度资本支出/营收 | — | 15.8% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $153.7M |
8季度趋势，按日历期对齐
经营现金流HCCMATX
| Q1 26 | — | — | ||
| Q4 25 | $76.1M | $176.9M | ||
| Q3 25 | $104.7M | $175.6M | ||
| Q2 25 | $37.5M | $105.6M | ||
| Q1 25 | $10.9M | $89.0M | ||
| Q4 24 | $54.2M | $174.7M | ||
| Q3 24 | $62.2M | $248.6M | ||
| Q2 24 | $147.0M | $307.9M |
自由现金流HCCMATX
| Q1 26 | — | — | ||
| Q4 25 | — | $42.2M | ||
| Q3 25 | — | $92.4M | ||
| Q2 25 | — | $19.3M | ||
| Q1 25 | — | $-200.0K | ||
| Q4 24 | — | $49.3M | ||
| Q3 24 | — | $189.0M | ||
| Q2 24 | — | $238.1M |
自由现金流率HCCMATX
| Q1 26 | — | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | -0.0% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | 28.1% |
资本支出强度HCCMATX
| Q1 26 | — | — | ||
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 8.2% |
现金转化率HCCMATX
| Q1 26 | — | — | ||
| Q4 25 | 3.31× | 1.24× | ||
| Q3 25 | 2.86× | 1.30× | ||
| Q2 25 | 6.70× | 1.12× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | 47.68× | 1.36× | ||
| Q3 24 | 1.49× | 1.25× | ||
| Q2 24 | 2.08× | 2.72× |
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
HCC
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
