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景顺（IVZ）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是景顺的1.1倍（$1.8B vs $1.7B），Masco净利率更高（9.2% vs -58.9%，领先68.1%），景顺同比增速更快（6.2% vs -1.9%），景顺自由现金流更多（$432.2M vs $371.0M），过去两年景顺的营收复合增速更高（7.1% vs -3.5%）
景顺是总部位于美国佐治亚州亚特兰大的独立投资管理企业，在全球20个国家设有分支机构，旗下运营景顺、Invesco Perpetual、PowerShares等品牌，普通股为标普500指数成分股，于纽约证券交易所挂牌交易。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
IVZ vs MAS — 直观对比
营收规模更大
MAS
是对方的1.1倍
$1.7B
营收增速更快
IVZ
高出8.1%
-1.9%
净利率更高
MAS
高出68.1%
-58.9%
自由现金流更多
IVZ
多$61.2M
$371.0M
两年增速更快
IVZ
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.8B |
| 净利润 | $-995.9M | $165.0M |
| 毛利率 | — | 33.9% |
| 营业利润率 | -86.2% | 13.8% |
| 净利率 | -58.9% | 9.2% |
| 营收同比 | 6.2% | -1.9% |
| 净利润同比 | -575.8% | -9.3% |
| 每股收益（稀释后） | $-2.61 | $0.81 |
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IVZMAS
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.6B | $1.9B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.5B | $2.1B | ||
| Q1 24 | $1.5B | $1.9B |
净利润IVZMAS
| Q4 25 | $-995.9M | $165.0M | ||
| Q3 25 | $356.4M | $189.0M | ||
| Q2 25 | $197.4M | $270.0M | ||
| Q1 25 | $171.1M | $186.0M | ||
| Q4 24 | $209.3M | $182.0M | ||
| Q3 24 | $55.0M | $167.0M | ||
| Q2 24 | $132.2M | $258.0M | ||
| Q1 24 | $141.5M | $215.0M |
毛利率IVZMAS
| Q4 25 | — | 33.9% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | 35.8% | ||
| Q4 24 | — | 34.8% | ||
| Q3 24 | — | 36.6% | ||
| Q2 24 | — | 37.5% | ||
| Q1 24 | — | 35.6% |
营业利润率IVZMAS
| Q4 25 | -86.2% | 13.8% | ||
| Q3 25 | 16.5% | 15.8% | ||
| Q2 25 | 14.1% | 20.1% | ||
| Q1 25 | 18.1% | 15.9% | ||
| Q4 24 | 19.6% | 15.9% | ||
| Q3 24 | 6.6% | 18.0% | ||
| Q2 24 | 13.9% | 19.0% | ||
| Q1 24 | 14.4% | 16.5% |
净利率IVZMAS
| Q4 25 | -58.9% | 9.2% | ||
| Q3 25 | 21.7% | 9.9% | ||
| Q2 25 | 13.0% | 13.2% | ||
| Q1 25 | 11.2% | 10.3% | ||
| Q4 24 | 13.1% | 10.0% | ||
| Q3 24 | 3.6% | 8.4% | ||
| Q2 24 | 8.9% | 12.3% | ||
| Q1 24 | 9.6% | 11.2% |
每股收益（稀释后）IVZMAS
| Q4 25 | $-2.61 | $0.81 | ||
| Q3 25 | $0.66 | $0.90 | ||
| Q2 25 | $-0.03 | $1.28 | ||
| Q1 25 | $0.38 | $0.87 | ||
| Q4 24 | $0.46 | $0.85 | ||
| Q3 24 | $0.12 | $0.77 | ||
| Q2 24 | $0.29 | $1.17 | ||
| Q1 24 | $0.31 | $0.97 |
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 | $1.0B | $647.0M |
| 总债务越低越好 | $1.8B | $2.9B |
| 股东权益账面价值 | $12.2B | $-185.0M |
| 总资产 | $27.1B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资IVZMAS
| Q4 25 | $1.0B | $647.0M | ||
| Q3 25 | $973.1M | $559.0M | ||
| Q2 25 | $922.7M | $390.0M | ||
| Q1 25 | $821.7M | $377.0M | ||
| Q4 24 | $986.5M | $634.0M | ||
| Q3 24 | $1.0B | $646.0M | ||
| Q2 24 | $878.5M | $398.0M | ||
| Q1 24 | $895.7M | $368.0M |
总债务IVZMAS
| Q4 25 | $1.8B | $2.9B | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $964.8M | — | ||
| Q4 24 | $890.6M | $2.9B | ||
| Q3 24 | $890.3M | — | ||
| Q2 24 | $890.1M | — | ||
| Q1 24 | $1.3B | — |
股东权益IVZMAS
| Q4 25 | $12.2B | $-185.0M | ||
| Q3 25 | $14.0B | $-78.0M | ||
| Q2 25 | $13.9B | $-84.0M | ||
| Q1 25 | $14.7B | $-254.0M | ||
| Q4 24 | $14.6B | $-279.0M | ||
| Q3 24 | $14.8B | $-88.0M | ||
| Q2 24 | $14.6B | $-26.0M | ||
| Q1 24 | $14.6B | $-75.0M |
总资产IVZMAS
| Q4 25 | $27.1B | $5.2B | ||
| Q3 25 | $28.4B | $5.3B | ||
| Q2 25 | $28.5B | $5.3B | ||
| Q1 25 | $28.1B | $5.1B | ||
| Q4 24 | $27.0B | $5.0B | ||
| Q3 24 | $27.5B | $5.3B | ||
| Q2 24 | $27.2B | $5.4B | ||
| Q1 24 | $28.1B | $5.3B |
负债/权益比IVZMAS
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | — | ||
| Q1 24 | 0.09× | — |
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 | $455.8M | $418.0M |
| 自由现金流经营现金流 - 资本支出 | $432.2M | $371.0M |
| 自由现金流率自由现金流/营收 | 25.5% | 20.7% |
| 资本支出强度资本支出/营收 | 1.4% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 2.53× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $866.0M |
8季度趋势，按日历期对齐
经营现金流IVZMAS
| Q4 25 | $455.8M | $418.0M | ||
| Q3 25 | $606.2M | $456.0M | ||
| Q2 25 | $547.9M | $306.0M | ||
| Q1 25 | $-84.6M | $-158.0M | ||
| Q4 24 | $316.9M | $407.0M | ||
| Q3 24 | $438.4M | $416.0M | ||
| Q2 24 | $489.1M | $346.0M | ||
| Q1 24 | $-54.4M | $-94.0M |
自由现金流IVZMAS
| Q4 25 | $432.2M | $371.0M | ||
| Q3 25 | $586.4M | $415.0M | ||
| Q2 25 | $530.4M | $270.0M | ||
| Q1 25 | $-108.0M | $-190.0M | ||
| Q4 24 | $309.9M | $351.0M | ||
| Q3 24 | $410.0M | $378.0M | ||
| Q2 24 | $462.4M | $303.0M | ||
| Q1 24 | $-75.4M | $-125.0M |
自由现金流率IVZMAS
| Q4 25 | 25.5% | 20.7% | ||
| Q3 25 | 35.7% | 21.6% | ||
| Q2 25 | 35.0% | 13.2% | ||
| Q1 25 | -7.1% | -10.5% | ||
| Q4 24 | 19.5% | 19.2% | ||
| Q3 24 | 27.1% | 19.1% | ||
| Q2 24 | 31.2% | 14.5% | ||
| Q1 24 | -5.1% | -6.5% |
资本支出强度IVZMAS
| Q4 25 | 1.4% | 2.6% | ||
| Q3 25 | 1.2% | 2.1% | ||
| Q2 25 | 1.2% | 1.8% | ||
| Q1 25 | 1.5% | 1.8% | ||
| Q4 24 | 0.4% | 3.1% | ||
| Q3 24 | 1.9% | 1.9% | ||
| Q2 24 | 1.8% | 2.1% | ||
| Q1 24 | 1.4% | 1.6% |
现金转化率IVZMAS
| Q4 25 | — | 2.53× | ||
| Q3 25 | 1.70× | 2.41× | ||
| Q2 25 | 2.78× | 1.13× | ||
| Q1 25 | -0.49× | -0.85× | ||
| Q4 24 | 1.51× | 2.24× | ||
| Q3 24 | 7.97× | 2.49× | ||
| Q2 24 | 3.70× | 1.34× | ||
| Q1 24 | -0.38× | -0.44× |
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
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
MAS
| Plumbing Products | $844.0M | 47% |
| Decorative Architectural Products | $545.0M | 30% |
| Other | $404.0M | 23% |
