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HORACE MANN EDUCATORS CORP（HMN）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是HORACE MANN EDUCATORS CORP的2.0倍（$862.2M vs $434.8M），HORACE MANN EDUCATORS CORP同比增速更快（6.3% vs 4.3%），过去两年HORACE MANN EDUCATORS CORP的营收复合增速更高（6.1% vs -10.6%）
贺拉斯曼是一家总部位于美国伊利诺伊州的金融服务企业，主营汽车保险、财产保险、补充保险与人寿保险业务，同时提供退休年金、共同基金等金融产品，核心服务群体为教育工作者及其家庭。
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。
HMN vs MAT — 直观对比
营收规模更大
MAT
是对方的2.0倍
$434.8M
营收增速更快
HMN
高出2.0%
4.3%
两年增速更快
HMN
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $434.8M | $862.2M |
| 净利润 | — | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | 10.5% | — |
| 净利率 | — | 7.1% |
| 营收同比 | 6.3% | 4.3% |
| 净利润同比 | — | 251.4% |
| 每股收益（稀释后） | $0.87 | $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HMNMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $434.8M | $1.8B | ||
| Q3 25 | $438.5M | $1.7B | ||
| Q2 25 | $411.7M | $1.0B | ||
| Q1 25 | $416.4M | $826.6M | ||
| Q4 24 | $409.0M | $1.6B | ||
| Q3 24 | $412.1M | $1.8B | ||
| Q2 24 | $388.1M | $1.1B |
净利润HMNMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | — | $106.2M | ||
| Q3 25 | $58.3M | $278.4M | ||
| Q2 25 | $29.4M | $53.4M | ||
| Q1 25 | $38.2M | $-40.3M | ||
| Q4 24 | — | $140.9M | ||
| Q3 24 | $34.3M | $372.4M | ||
| Q2 24 | $3.8M | $56.9M |
毛利率HMNMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 50.9% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | — | 53.1% | ||
| Q2 24 | — | 49.2% |
营业利润率HMNMAT
| Q1 26 | — | — | ||
| Q4 25 | 10.5% | 8.0% | ||
| Q3 25 | 16.3% | 21.9% | ||
| Q2 25 | 8.9% | 7.7% | ||
| Q1 25 | 11.4% | -6.4% | ||
| Q4 24 | 11.8% | 9.6% | ||
| Q3 24 | 10.4% | 26.5% | ||
| Q2 24 | 1.2% | 7.7% |
净利率HMNMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | 13.3% | 16.0% | ||
| Q2 25 | 7.1% | 5.2% | ||
| Q1 25 | 9.2% | -4.9% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | 8.3% | 20.2% | ||
| Q2 24 | 1.0% | 5.3% |
每股收益（稀释后）HMNMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $0.87 | $0.32 | ||
| Q3 25 | $1.40 | $0.88 | ||
| Q2 25 | $0.71 | $0.16 | ||
| Q1 25 | $0.92 | $-0.12 | ||
| Q4 24 | $0.92 | $0.40 | ||
| Q3 24 | $0.83 | $1.09 | ||
| Q2 24 | $0.09 | $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 | $27.5M | $866.0M |
| 总债务越低越好 | $593.4M | $2.3B |
| 股东权益账面价值 | $1.5B | $2.1B |
| 总资产 | $15.3B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.40× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资HMNMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $27.5M | $1.2B | ||
| Q3 25 | $46.7M | $691.9M | ||
| Q2 25 | — | $870.5M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $38.1M | $1.4B | ||
| Q3 24 | — | $723.5M | ||
| Q2 24 | — | $722.4M |
总债务HMNMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $593.4M | $2.3B | ||
| Q3 25 | $842.9M | $2.3B | ||
| Q2 25 | $547.5M | $2.3B | ||
| Q1 25 | $547.2M | $2.3B | ||
| Q4 24 | $547.0M | $2.3B | ||
| Q3 24 | $546.7M | $2.3B | ||
| Q2 24 | $546.5M | $2.3B |
股东权益HMNMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.2B | $2.0B |
总资产HMNMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $15.3B | $6.6B | ||
| Q3 25 | $15.5B | $6.6B | ||
| Q2 25 | $14.7B | $6.2B | ||
| Q1 25 | $14.4B | $6.2B | ||
| Q4 24 | $14.5B | $6.5B | ||
| Q3 24 | $14.7B | $6.5B | ||
| Q2 24 | $14.3B | $5.9B |
负债/权益比HMNMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 0.40× | 1.04× | ||
| Q3 25 | 0.58× | 1.03× | ||
| Q2 25 | 0.40× | 1.08× | ||
| Q1 25 | 0.41× | 1.10× | ||
| Q4 24 | 0.42× | 1.03× | ||
| Q3 24 | 0.42× | 1.01× | ||
| Q2 24 | 0.45× | 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 | $553.2M | — |
| 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HMNMAT
| Q1 26 | — | — | ||
| Q4 25 | $553.2M | $796.6M | ||
| Q3 25 | $151.2M | $72.0M | ||
| Q2 25 | $131.3M | $-300.1M | ||
| Q1 25 | $140.8M | $24.8M | ||
| Q4 24 | $452.1M | $862.1M | ||
| Q3 24 | $143.9M | $155.8M | ||
| Q2 24 | $40.2M | $-252.9M |
自由现金流HMNMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率HMNMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度HMNMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率HMNMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | 2.59× | 0.26× | ||
| Q2 25 | 4.47× | -5.62× | ||
| Q1 25 | 3.69× | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | 4.20× | 0.42× | ||
| Q2 24 | 10.58× | -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
HMN
| Property And Casualty | $224.3M | 52% |
| Life And Retirement | $139.6M | 32% |
| Supplemental And Group Benefits | $77.0M | 18% |
MAT
暂无分部数据
