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KeyCorp（KEY）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
KeyCorp的季度营收约是美泰的2.3倍（$2.0B vs $862.2M），KeyCorp净利率更高（25.4% vs 7.1%，领先18.4%），KeyCorp同比增速更快（131.8% vs 4.3%），KeyCorp自由现金流更多（$2.1B vs $-88.1M），过去两年KeyCorp的营收复合增速更高（14.4% vs -10.6%）
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
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。
KEY vs MAT — 直观对比
营收规模更大
KEY
是对方的2.3倍
$862.2M
营收增速更快
KEY
高出127.5%
4.3%
净利率更高
KEY
高出18.4%
7.1%
自由现金流更多
KEY
多$2.2B
$-88.1M
两年增速更快
KEY
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $862.2M |
| 净利润 | $510.0M | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | 32.3% | — |
| 净利率 | 25.4% | 7.1% |
| 营收同比 | 131.8% | 4.3% |
| 净利润同比 | 309.0% | 251.4% |
| 每股收益（稀释后） | $0.43 | $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KEYMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $2.0B | $1.8B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.8B | $1.0B | ||
| Q1 25 | $1.8B | $826.6M | ||
| Q4 24 | $865.0M | $1.6B | ||
| Q3 24 | $695.0M | $1.8B | ||
| Q2 24 | $1.5B | $1.1B |
净利润KEYMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $510.0M | $106.2M | ||
| Q3 25 | $489.0M | $278.4M | ||
| Q2 25 | $425.0M | $53.4M | ||
| Q1 25 | $405.0M | $-40.3M | ||
| Q4 24 | $-244.0M | $140.9M | ||
| Q3 24 | $-410.0M | $372.4M | ||
| Q2 24 | $274.0M | $56.9M |
毛利率KEYMAT
| 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KEYMAT
| Q1 26 | — | — | ||
| Q4 25 | 32.3% | 8.0% | ||
| Q3 25 | 31.8% | 21.9% | ||
| Q2 25 | 29.3% | 7.7% | ||
| Q1 25 | 29.0% | -6.4% | ||
| Q4 24 | -92.6% | 9.6% | ||
| Q3 24 | -72.8% | 26.5% | ||
| Q2 24 | 22.0% | 7.7% |
净利率KEYMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 25.4% | 6.0% | ||
| Q3 25 | 25.8% | 16.0% | ||
| Q2 25 | 23.1% | 5.2% | ||
| Q1 25 | 22.8% | -4.9% | ||
| Q4 24 | -54.7% | 8.6% | ||
| Q3 24 | -59.0% | 20.2% | ||
| Q2 24 | 18.0% | 5.3% |
每股收益（稀释后）KEYMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $0.43 | $0.32 | ||
| Q3 25 | $0.41 | $0.88 | ||
| Q2 25 | $0.35 | $0.16 | ||
| Q1 25 | $0.33 | $-0.12 | ||
| Q4 24 | $-0.30 | $0.40 | ||
| Q3 24 | $-0.47 | $1.09 | ||
| Q2 24 | $0.25 | $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 | $10.2B | $866.0M |
| 总债务越低越好 | $9.9B | $2.3B |
| 股东权益账面价值 | $20.4B | $2.1B |
| 总资产 | $184.4B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.49× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资KEYMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $10.2B | $1.2B | ||
| Q3 25 | $13.3B | $691.9M | ||
| Q2 25 | $11.6B | $870.5M | ||
| Q1 25 | $15.3B | $1.2B | ||
| Q4 24 | $17.5B | $1.4B | ||
| Q3 24 | $22.8B | $723.5M | ||
| Q2 24 | $15.5B | $722.4M |
总债务KEYMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $9.9B | $2.3B | ||
| Q3 25 | $10.9B | $2.3B | ||
| Q2 25 | $12.1B | $2.3B | ||
| Q1 25 | $12.4B | $2.3B | ||
| Q4 24 | $12.1B | $2.3B | ||
| Q3 24 | $15.7B | $2.3B | ||
| Q2 24 | $16.9B | $2.3B |
股东权益KEYMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $20.4B | $2.2B | ||
| Q3 25 | $20.1B | $2.3B | ||
| Q2 25 | $19.5B | $2.2B | ||
| Q1 25 | $19.0B | $2.1B | ||
| Q4 24 | $18.2B | $2.3B | ||
| Q3 24 | $16.9B | $2.3B | ||
| Q2 24 | $14.8B | $2.0B |
总资产KEYMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $184.4B | $6.6B | ||
| Q3 25 | $187.4B | $6.6B | ||
| Q2 25 | $185.5B | $6.2B | ||
| Q1 25 | $188.7B | $6.2B | ||
| Q4 24 | $187.2B | $6.5B | ||
| Q3 24 | $189.8B | $6.5B | ||
| Q2 24 | $187.4B | $5.9B |
负债/权益比KEYMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 0.49× | 1.04× | ||
| Q3 25 | 0.54× | 1.03× | ||
| Q2 25 | 0.62× | 1.08× | ||
| Q1 25 | 0.65× | 1.10× | ||
| Q4 24 | 0.67× | 1.03× | ||
| Q3 24 | 0.93× | 1.01× | ||
| Q2 24 | 1.14× | 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 | $2.2B | — |
| 自由现金流经营现金流 - 资本支出 | $2.1B | $-88.1M |
| 自由现金流率自由现金流/营收 | 104.8% | -10.2% |
| 资本支出强度资本支出/营收 | 5.3% | 7.6% |
| 现金转化率经营现金流/净利润 | 4.33× | — |
| 过去12个月自由现金流最近4个季度 | $3.5B | — |
8季度趋势，按日历期对齐
经营现金流KEYMAT
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $796.6M | ||
| Q3 25 | $396.0M | $72.0M | ||
| Q2 25 | $1.2B | $-300.1M | ||
| Q1 25 | $-140.0M | $24.8M | ||
| Q4 24 | $664.0M | $862.1M | ||
| Q3 24 | $-1.2B | $155.8M | ||
| Q2 24 | $-217.0M | $-252.9M |
自由现金流KEYMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $367.0M | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $-150.0M | — | ||
| Q4 24 | $599.0M | — | ||
| Q3 24 | $-1.2B | — | ||
| Q2 24 | $-230.0M | — |
自由现金流率KEYMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 104.8% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 65.8% | — | ||
| Q1 25 | -8.5% | — | ||
| Q4 24 | 69.2% | — | ||
| Q3 24 | -175.8% | — | ||
| Q2 24 | -15.1% | — |
资本支出强度KEYMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 5.3% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 0.9% | — |
现金转化率KEYMAT
| Q1 26 | — | — | ||
| Q4 25 | 4.33× | 7.50× | ||
| Q3 25 | 0.81× | 0.26× | ||
| Q2 25 | 2.90× | -5.62× | ||
| Q1 25 | -0.35× | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | -0.79× | -4.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
