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KinderCare Learning Companies, Inc.（KLC）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KinderCare Learning Companies, Inc.的1.3倍（$862.2M vs $676.8M），美泰净利率更高（7.1% vs 0.7%，领先6.4%），美泰同比增速更快（4.3% vs 0.8%），KinderCare Learning Companies, Inc.自由现金流更多（$62.6M vs $-88.1M）
金德凯尔学习公司是1969年成立的美国营利性早教与托育机构运营商，总部位于俄勒冈州波特兰市，服务覆盖全美39个州及华盛顿哥伦比亚特区，目前在全美拥有超1250家教学点，在读儿童约20万人，面向出生6周至12岁的儿童提供教育项目，是俄勒冈州第三大私营企业。
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。
KLC vs MAT — 直观对比
营收规模更大
MAT
是对方的1.3倍
$676.8M
营收增速更快
MAT
高出3.5%
0.8%
净利率更高
MAT
高出6.4%
0.7%
自由现金流更多
KLC
多$150.7M
$-88.1M
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $676.8M | $862.2M |
| 净利润 | $4.5M | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | 3.9% | — |
| 净利率 | 0.7% | 7.1% |
| 营收同比 | 0.8% | 4.3% |
| 净利润同比 | -67.4% | 251.4% |
| 每股收益（稀释后） | $0.04 | $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KLCMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | $676.8M | $1.7B | ||
| Q2 25 | $700.1M | $1.0B | ||
| Q1 25 | $668.2M | $826.6M | ||
| Q4 24 | $647.0M | $1.6B | ||
| Q3 24 | $671.5M | $1.8B | ||
| Q2 24 | — | $1.1B |
净利润KLCMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | — | $106.2M | ||
| Q3 25 | $4.5M | $278.4M | ||
| Q2 25 | $38.6M | $53.4M | ||
| Q1 25 | $21.2M | $-40.3M | ||
| Q4 24 | $-133.6M | $140.9M | ||
| Q3 24 | $14.0M | $372.4M | ||
| Q2 24 | — | $56.9M |
毛利率KLCMAT
| 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KLCMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 8.0% | ||
| Q3 25 | 3.9% | 21.9% | ||
| Q2 25 | 9.8% | 7.7% | ||
| Q1 25 | 7.3% | -6.4% | ||
| Q4 24 | -13.8% | 9.6% | ||
| Q3 24 | 8.1% | 26.5% | ||
| Q2 24 | — | 7.7% |
净利率KLCMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | 0.7% | 16.0% | ||
| Q2 25 | 5.5% | 5.2% | ||
| Q1 25 | 3.2% | -4.9% | ||
| Q4 24 | -20.6% | 8.6% | ||
| Q3 24 | 2.1% | 20.2% | ||
| Q2 24 | — | 5.3% |
每股收益（稀释后）KLCMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | — | $0.32 | ||
| Q3 25 | $0.04 | $0.88 | ||
| Q2 25 | $0.33 | $0.16 | ||
| Q1 25 | $0.18 | $-0.12 | ||
| Q4 24 | $-1.17 | $0.40 | ||
| Q3 24 | $0.15 | $1.09 | ||
| Q2 24 | — | $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 | $174.7M | $866.0M |
| 总债务越低越好 | $930.9M | $2.3B |
| 股东权益账面价值 | $931.2M | $2.1B |
| 总资产 | $3.9B | $6.3B |
| 负债/权益比越低杠杆越低 | 1.00× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资KLCMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $174.7M | $691.9M | ||
| Q2 25 | $119.0M | $870.5M | ||
| Q1 25 | $131.3M | $1.2B | ||
| Q4 24 | $62.3M | $1.4B | ||
| Q3 24 | $137.2M | $723.5M | ||
| Q2 24 | — | $722.4M |
总债务KLCMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | $930.9M | $2.3B | ||
| Q2 25 | $926.5M | $2.3B | ||
| Q1 25 | $927.4M | $2.3B | ||
| Q4 24 | $926.0M | $2.3B | ||
| Q3 24 | $1.5B | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益KLCMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | $931.2M | $2.3B | ||
| Q2 25 | $924.3M | $2.2B | ||
| Q1 25 | $884.9M | $2.1B | ||
| Q4 24 | $864.5M | $2.3B | ||
| Q3 24 | $235.6M | $2.3B | ||
| Q2 24 | — | $2.0B |
总资产KLCMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | — | $6.6B | ||
| Q3 25 | $3.9B | $6.6B | ||
| Q2 25 | $3.8B | $6.2B | ||
| Q1 25 | $3.7B | $6.2B | ||
| Q4 24 | $3.6B | $6.5B | ||
| Q3 24 | $3.7B | $6.5B | ||
| Q2 24 | — | $5.9B |
负债/权益比KLCMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | 1.00× | 1.03× | ||
| Q2 25 | 1.00× | 1.08× | ||
| Q1 25 | 1.05× | 1.10× | ||
| Q4 24 | 1.07× | 1.03× | ||
| Q3 24 | 6.42× | 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 | $100.8M | — |
| 自由现金流经营现金流 - 资本支出 | $62.6M | $-88.1M |
| 自由现金流率自由现金流/营收 | 9.2% | -10.2% |
| 资本支出强度资本支出/营收 | 5.6% | 7.6% |
| 现金转化率经营现金流/净利润 | 22.15× | — |
| 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KLCMAT
| Q1 26 | — | — | ||
| Q4 25 | — | $796.6M | ||
| Q3 25 | $100.8M | $72.0M | ||
| Q2 25 | $35.0M | $-300.1M | ||
| Q1 25 | $98.4M | $24.8M | ||
| Q4 24 | — | $862.1M | ||
| Q3 24 | — | $155.8M | ||
| Q2 24 | — | $-252.9M |
自由现金流KLCMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $62.6M | — | ||
| Q2 25 | $671.0K | — | ||
| Q1 25 | $75.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率KLCMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | 9.2% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度KLCMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率KLCMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | 22.15× | 0.26× | ||
| Q2 25 | 0.91× | -5.62× | ||
| Q1 25 | 4.65× | — | ||
| 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
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
MAT
暂无分部数据
