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IAC Inc.（IAC）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IAC Inc.的1.3倍（$862.2M vs $646.0M），美泰净利率更高（7.1% vs -11.9%，领先19.0%），美泰同比增速更快（4.3% vs -10.5%），IAC Inc.自由现金流更多（$31.4M vs $-88.1M），过去两年IAC Inc.的营收复合增速更高（1.7% vs -10.6%）
IAC Inc.是一家美国控股企业，业务覆盖媒体与互联网领域，在全球拥有多个知名品牌。公司前身是1996年成立的HSN Inc.，当时作为家庭购物频道Home Shopping Network和USA电视台的控股主体运营，1999年更名为USA Networks Inc.，2002年将旗下电视业务资产出售给威望迪集团。
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。
IAC vs MAT — 直观对比
营收规模更大
MAT
是对方的1.3倍
$646.0M
营收增速更快
MAT
高出14.8%
-10.5%
净利率更高
MAT
高出19.0%
-11.9%
自由现金流更多
IAC
多$119.5M
$-88.1M
两年增速更快
IAC
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $646.0M | $862.2M |
| 净利润 | $-76.8M | $61.0M |
| 毛利率 | 69.8% | 44.9% |
| 营业利润率 | -17.5% | — |
| 净利率 | -11.9% | 7.1% |
| 营收同比 | -10.5% | 4.3% |
| 净利润同比 | 61.4% | 251.4% |
| 每股收益（稀释后） | $-0.96 | $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IACMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $646.0M | $1.8B | ||
| Q3 25 | $589.8M | $1.7B | ||
| Q2 25 | $586.9M | $1.0B | ||
| Q1 25 | $570.5M | $826.6M | ||
| Q4 24 | $721.4M | $1.6B | ||
| Q3 24 | $642.0M | $1.8B | ||
| Q2 24 | $634.4M | $1.1B |
净利润IACMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $-76.8M | $106.2M | ||
| Q3 25 | $-21.9M | $278.4M | ||
| Q2 25 | $211.5M | $53.4M | ||
| Q1 25 | $-216.8M | $-40.3M | ||
| Q4 24 | $-199.0M | $140.9M | ||
| Q3 24 | $-243.7M | $372.4M | ||
| Q2 24 | $-142.2M | $56.9M |
毛利率IACMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 69.8% | 45.9% | ||
| Q3 25 | 64.8% | 50.0% | ||
| Q2 25 | 65.6% | 50.9% | ||
| Q1 25 | 64.0% | 49.4% | ||
| Q4 24 | 65.8% | 50.7% | ||
| Q3 24 | 62.1% | 53.1% | ||
| Q2 24 | 60.1% | 49.2% |
营业利润率IACMAT
| Q1 26 | — | — | ||
| Q4 25 | -17.5% | 8.0% | ||
| Q3 25 | -3.5% | 21.9% | ||
| Q2 25 | 0.1% | 7.7% | ||
| Q1 25 | 6.3% | -6.4% | ||
| Q4 24 | 6.7% | 9.6% | ||
| Q3 24 | 1.3% | 26.5% | ||
| Q2 24 | -3.4% | 7.7% |
净利率IACMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | -11.9% | 6.0% | ||
| Q3 25 | -3.7% | 16.0% | ||
| Q2 25 | 36.0% | 5.2% | ||
| Q1 25 | -38.0% | -4.9% | ||
| Q4 24 | -27.6% | 8.6% | ||
| Q3 24 | -38.0% | 20.2% | ||
| Q2 24 | -22.4% | 5.3% |
每股收益（稀释后）IACMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $-0.96 | $0.32 | ||
| Q3 25 | $-0.27 | $0.88 | ||
| Q2 25 | $2.57 | $0.16 | ||
| Q1 25 | $-2.64 | $-0.12 | ||
| Q4 24 | $-2.36 | $0.40 | ||
| Q3 24 | $-2.93 | $1.09 | ||
| Q2 24 | $-1.71 | $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 | $960.2M | $866.0M |
| 总债务越低越好 | $1.4B | $2.3B |
| 股东权益账面价值 | $4.7B | $2.1B |
| 总资产 | $7.1B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.30× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资IACMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $960.2M | $1.2B | ||
| Q3 25 | $1.0B | $691.9M | ||
| Q2 25 | $1.1B | $870.5M | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.3B | $723.5M | ||
| Q2 24 | $1.3B | $722.4M |
总债务IACMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.4B | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益IACMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $4.7B | $2.2B | ||
| Q3 25 | $4.8B | $2.3B | ||
| Q2 25 | $4.9B | $2.2B | ||
| Q1 25 | $4.7B | $2.1B | ||
| Q4 24 | $5.6B | $2.3B | ||
| Q3 24 | $5.8B | $2.3B | ||
| Q2 24 | $6.0B | $2.0B |
总资产IACMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $7.1B | $6.6B | ||
| Q3 25 | $7.2B | $6.6B | ||
| Q2 25 | $7.4B | $6.2B | ||
| Q1 25 | $7.2B | $6.2B | ||
| Q4 24 | $9.7B | $6.5B | ||
| Q3 24 | $9.8B | $6.5B | ||
| Q2 24 | $10.2B | $5.9B |
负债/权益比IACMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 0.30× | 1.04× | ||
| Q3 25 | 0.30× | 1.03× | ||
| Q2 25 | 0.30× | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 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 | $36.6M | — |
| 自由现金流经营现金流 - 资本支出 | $31.4M | $-88.1M |
| 自由现金流率自由现金流/营收 | 4.9% | -10.2% |
| 资本支出强度资本支出/营收 | 0.8% | 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 | $44.8M | — |
8季度趋势，按日历期对齐
经营现金流IACMAT
| Q1 26 | — | — | ||
| Q4 25 | $36.6M | $796.6M | ||
| Q3 25 | $30.1M | $72.0M | ||
| Q2 25 | $-2.8M | $-300.1M | ||
| Q1 25 | $63.0K | $24.8M | ||
| Q4 24 | $110.1M | $862.1M | ||
| Q3 24 | $95.3M | $155.8M | ||
| Q2 24 | $85.0M | $-252.9M |
自由现金流IACMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $31.4M | — | ||
| Q3 25 | $25.3M | — | ||
| Q2 25 | $-7.2M | — | ||
| Q1 25 | $-4.6M | — | ||
| Q4 24 | $104.8M | — | ||
| Q3 24 | $92.0M | — | ||
| Q2 24 | $81.6M | — |
自由现金流率IACMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 4.9% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -0.8% | — | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 14.3% | — | ||
| Q2 24 | 12.9% | — |
资本支出强度IACMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.5% | — |
现金转化率IACMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | -0.01× | -5.62× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | -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
IAC
| $168.5M | 26% | |
| Performance Marketing | $101.2M | 16% |
| Care.com | $85.7M | 13% |
| Subscription | $69.5M | 11% |
| Licensing And Other | $43.8M | 7% |
| Consumer Revenue | $43.2M | 7% |
| Advertising | $35.9M | 6% |
| Project And Other Print | $33.6M | 5% |
| Advertising Google | $28.9M | 4% |
| Newsstand | $22.4M | 3% |
| Emerging Other | $19.6M | 3% |
MAT
暂无分部数据
