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亨斯迈（HUN）与Match Group（MTCH）财务数据对比。点击上方公司名可切换其他公司
亨斯迈的季度营收约是Match Group的1.5倍（$1.4B vs $878.0M），Match Group净利率更高（23.9% vs -7.1%，领先31.0%），Match Group同比增速更快（2.1% vs -6.7%），Match Group自由现金流更多（$308.1M vs $19.0M），过去两年Match Group的营收复合增速更高（1.1% vs -4.0%）
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
美国互联网科技企业Match Group总部位于得克萨斯州达拉斯，旗下拥有全球规模最大的在线约会服务品牌矩阵，运营Tinder、Hinge、Plenty of Fish等多款全球知名约会产品。2020年7月公司从IAC分拆为独立上市公司，截至2019年全球付费订阅用户达930万，其中近半数来自北美地区。
HUN vs MTCH — 直观对比
营收规模更大
HUN
是对方的1.5倍
$878.0M
营收增速更快
MTCH
高出8.8%
-6.7%
净利率更高
MTCH
高出31.0%
-7.1%
自由现金流更多
MTCH
多$289.1M
$19.0M
两年增速更快
MTCH
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $878.0M |
| 净利润 | $-96.0M | $209.7M |
| 毛利率 | 12.1% | 74.7% |
| 营业利润率 | -4.4% | 32.4% |
| 净利率 | -7.1% | 23.9% |
| 营收同比 | -6.7% | 2.1% |
| 净利润同比 | 31.9% | 32.5% |
| 每股收益（稀释后） | $-0.56 | $0.83 |
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HUNMTCH
| Q4 25 | $1.4B | $878.0M | ||
| Q3 25 | $1.5B | $914.3M | ||
| Q2 25 | $1.5B | $863.7M | ||
| Q1 25 | $1.4B | $831.2M | ||
| Q4 24 | $1.5B | $860.2M | ||
| Q3 24 | $1.5B | $895.5M | ||
| Q2 24 | $1.6B | $864.1M | ||
| Q1 24 | $1.5B | $859.6M |
净利润HUNMTCH
| Q4 25 | $-96.0M | $209.7M | ||
| Q3 25 | $-25.0M | $160.8M | ||
| Q2 25 | $-158.0M | $125.5M | ||
| Q1 25 | $-5.0M | $117.6M | ||
| Q4 24 | $-141.0M | $158.3M | ||
| Q3 24 | $-33.0M | $136.5M | ||
| Q2 24 | $22.0M | $133.3M | ||
| Q1 24 | $-37.0M | $123.2M |
毛利率HUNMTCH
| Q4 25 | 12.1% | 74.7% | ||
| Q3 25 | 14.0% | 73.0% | ||
| Q2 25 | 12.5% | 72.0% | ||
| Q1 25 | 14.3% | 71.5% | ||
| Q4 24 | 12.9% | 72.5% | ||
| Q3 24 | 15.2% | 71.7% | ||
| Q2 24 | 15.4% | 71.6% | ||
| Q1 24 | 13.7% | 70.1% |
营业利润率HUNMTCH
| Q4 25 | -4.4% | 32.4% | ||
| Q3 25 | 0.4% | 24.2% | ||
| Q2 25 | -8.2% | 22.5% | ||
| Q1 25 | 3.0% | 20.8% | ||
| Q4 24 | -4.3% | 26.0% | ||
| Q3 24 | 2.7% | 23.5% | ||
| Q2 24 | 2.2% | 23.7% | ||
| Q1 24 | -2.6% | 21.5% |
净利率HUNMTCH
| Q4 25 | -7.1% | 23.9% | ||
| Q3 25 | -1.7% | 17.6% | ||
| Q2 25 | -10.8% | 14.5% | ||
| Q1 25 | -0.4% | 14.1% | ||
| Q4 24 | -9.7% | 18.4% | ||
| Q3 24 | -2.1% | 15.2% | ||
| Q2 24 | 1.4% | 15.4% | ||
| Q1 24 | -2.5% | 14.3% |
每股收益（稀释后）HUNMTCH
| Q4 25 | $-0.56 | $0.83 | ||
| Q3 25 | $-0.14 | $0.62 | ||
| Q2 25 | $-0.92 | $0.49 | ||
| Q1 25 | $-0.03 | $0.44 | ||
| Q4 24 | $-0.82 | $0.59 | ||
| Q3 24 | $-0.19 | $0.51 | ||
| Q2 24 | $0.13 | $0.48 | ||
| Q1 24 | $-0.22 | $0.44 |
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 | $429.0M | $1.0B |
| 总债务越低越好 | $2.0B | $3.5B |
| 股东权益账面价值 | $2.8B | $-253.5M |
| 总资产 | $7.0B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资HUNMTCH
| Q4 25 | $429.0M | $1.0B | ||
| Q3 25 | $468.0M | $1.1B | ||
| Q2 25 | $399.0M | $340.4M | ||
| Q1 25 | $334.0M | $414.2M | ||
| Q4 24 | $340.0M | $970.7M | ||
| Q3 24 | $330.0M | $860.9M | ||
| Q2 24 | $335.0M | $843.6M | ||
| Q1 24 | $552.0M | $920.9M |
总债务HUNMTCH
| Q4 25 | $2.0B | $3.5B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | $3.4B | ||
| Q4 24 | $1.8B | $3.8B | ||
| Q3 24 | $1.9B | $3.8B | ||
| Q2 24 | $1.9B | $3.8B | ||
| Q1 24 | $2.1B | $3.8B |
股东权益HUNMTCH
| Q4 25 | $2.8B | $-253.5M | ||
| Q3 25 | $2.8B | $-223.9M | ||
| Q2 25 | $2.8B | $-230.9M | ||
| Q1 25 | $3.0B | $-182.7M | ||
| Q4 24 | $3.0B | $-63.7M | ||
| Q3 24 | $3.1B | $-88.5M | ||
| Q2 24 | $3.1B | $-130.2M | ||
| Q1 24 | $3.2B | $-107.8M |
总资产HUNMTCH
| Q4 25 | $7.0B | $4.5B | ||
| Q3 25 | $7.1B | $4.5B | ||
| Q2 25 | $7.1B | $3.9B | ||
| Q1 25 | $7.2B | $3.9B | ||
| Q4 24 | $7.1B | $4.5B | ||
| Q3 24 | $7.3B | $4.4B | ||
| Q2 24 | $7.3B | $4.4B | ||
| Q1 24 | $7.6B | $4.4B |
负债/权益比HUNMTCH
| Q4 25 | 0.73× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.65× | — |
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 | $76.0M | $322.8M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $308.1M |
| 自由现金流率自由现金流/营收 | 1.4% | 35.1% |
| 资本支出强度资本支出/营收 | 4.2% | 1.7% |
| 现金转化率经营现金流/净利润 | — | 1.54× |
| 过去12个月自由现金流最近4个季度 | $116.0M | $1.0B |
8季度趋势，按日历期对齐
经营现金流HUNMTCH
| Q4 25 | $76.0M | $322.8M | ||
| Q3 25 | $196.0M | $320.6M | ||
| Q2 25 | $91.0M | $243.8M | ||
| Q1 25 | $-74.0M | $193.1M | ||
| Q4 24 | $153.0M | $254.7M | ||
| Q3 24 | $129.0M | $264.9M | ||
| Q2 24 | $46.0M | $129.0M | ||
| Q1 24 | $-65.0M | $284.1M |
自由现金流HUNMTCH
| Q4 25 | $19.0M | $308.1M | ||
| Q3 25 | $153.0M | $306.8M | ||
| Q2 25 | $54.0M | $231.0M | ||
| Q1 25 | $-110.0M | $177.7M | ||
| Q4 24 | $102.0M | $247.1M | ||
| Q3 24 | $88.0M | $251.8M | ||
| Q2 24 | $-4.0M | $116.3M | ||
| Q1 24 | $-107.0M | $266.9M |
自由现金流率HUNMTCH
| Q4 25 | 1.4% | 35.1% | ||
| Q3 25 | 10.5% | 33.6% | ||
| Q2 25 | 3.7% | 26.7% | ||
| Q1 25 | -7.8% | 21.4% | ||
| Q4 24 | 7.0% | 28.7% | ||
| Q3 24 | 5.7% | 28.1% | ||
| Q2 24 | -0.3% | 13.5% | ||
| Q1 24 | -7.3% | 31.0% |
资本支出强度HUNMTCH
| Q4 25 | 4.2% | 1.7% | ||
| Q3 25 | 2.9% | 1.5% | ||
| Q2 25 | 2.5% | 1.5% | ||
| Q1 25 | 2.6% | 1.9% | ||
| Q4 24 | 3.5% | 0.9% | ||
| Q3 24 | 2.7% | 1.5% | ||
| Q2 24 | 3.2% | 1.5% | ||
| Q1 24 | 2.9% | 2.0% |
现金转化率HUNMTCH
| Q4 25 | — | 1.54× | ||
| Q3 25 | — | 1.99× | ||
| Q2 25 | — | 1.94× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | 1.94× | ||
| Q2 24 | 2.09× | 0.97× | ||
| Q1 24 | — | 2.31× |
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
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 1% |
MTCH
| Tinder Segment | $479.3M | 55% |
| Hinge Segment | $186.5M | 21% |
| Evergreen And Emerging Segment | $148.1M | 17% |
| MG Asia Segment | $65.8M | 7% |
