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Knight-Swift Transportation Holdings Inc.（KNX）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
Knight-Swift Transportation Holdings Inc.的季度营收约是美泰的1.0倍（$1.9B vs $1.8B），美泰净利率更高（6.0% vs 0.0%，领先6.0%），美泰同比增速更快（7.3% vs 1.4%），过去两年美泰的营收复合增速更高（47.7% vs 0.1%）
Knight-Swift是美国知名整车公路货运服务商，总部位于亚利桑那州菲尼克斯。该集团由同在菲尼克斯的Swift运输与Knight运输于2017年合并成立，旗下货运网络覆盖北美主要区域，为各行业客户提供专业可靠的整车物流运输服务。
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。
KNX vs MAT — 直观对比
营收规模更大
KNX
是对方的1.0倍
$1.8B
营收增速更快
MAT
高出5.9%
1.4%
净利率更高
MAT
高出6.0%
0.0%
两年增速更快
MAT
近两年复合增速
0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.8B |
| 净利润 | $96.0K | $106.2M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 1.5% | 8.0% |
| 净利率 | 0.0% | 6.0% |
| 营收同比 | 1.4% | 7.3% |
| 净利润同比 | -76.6% | -24.6% |
| 每股收益（稀释后） | $-0.01 | $0.32 |
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KNXMAT
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $1.8B | $826.6M | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $1.9B | $1.8B | ||
| Q2 24 | $1.8B | $1.1B |
净利润KNXMAT
| Q1 26 | $96.0K | — | ||
| Q4 25 | $-6.8M | $106.2M | ||
| Q3 25 | $7.9M | $278.4M | ||
| Q2 25 | $34.2M | $53.4M | ||
| Q1 25 | $30.6M | $-40.3M | ||
| Q4 24 | $69.5M | $140.9M | ||
| Q3 24 | $30.5M | $372.4M | ||
| Q2 24 | $20.3M | $56.9M |
毛利率KNXMAT
| Q1 26 | — | — | ||
| 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KNXMAT
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.4% | 8.0% | ||
| Q3 25 | 2.6% | 21.9% | ||
| Q2 25 | 3.9% | 7.7% | ||
| Q1 25 | 3.7% | -6.4% | ||
| Q4 24 | 4.2% | 9.6% | ||
| Q3 24 | 4.3% | 26.5% | ||
| Q2 24 | 3.4% | 7.7% |
净利率KNXMAT
| Q1 26 | 0.0% | — | ||
| Q4 25 | -0.4% | 6.0% | ||
| Q3 25 | 0.4% | 16.0% | ||
| Q2 25 | 1.8% | 5.2% | ||
| Q1 25 | 1.7% | -4.9% | ||
| Q4 24 | 3.7% | 8.6% | ||
| Q3 24 | 1.6% | 20.2% | ||
| Q2 24 | 1.1% | 5.3% |
每股收益（稀释后）KNXMAT
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.04 | $0.32 | ||
| Q3 25 | $0.05 | $0.88 | ||
| Q2 25 | $0.21 | $0.16 | ||
| Q1 25 | $0.19 | $-0.12 | ||
| Q4 24 | $0.43 | $0.40 | ||
| Q3 24 | $0.19 | $1.09 | ||
| Q2 24 | $0.13 | $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 | $222.8M | $1.2B |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $7.1B | $2.2B |
| 总资产 | $11.9B | $6.6B |
| 负债/权益比越低杠杆越低 | — | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资KNXMAT
| Q1 26 | $222.8M | — | ||
| Q4 25 | $220.4M | $1.2B | ||
| Q3 25 | $192.7M | $691.9M | ||
| Q2 25 | $216.3M | $870.5M | ||
| Q1 25 | $209.5M | $1.2B | ||
| Q4 24 | $218.3M | $1.4B | ||
| Q3 24 | $166.3M | $723.5M | ||
| Q2 24 | $186.5M | $722.4M |
总债务KNXMAT
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $1.9B | $2.3B | ||
| Q2 25 | $1.8B | $2.3B | ||
| Q1 25 | $1.8B | $2.3B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.9B | $2.3B | ||
| Q2 24 | $1.6B | $2.3B |
股东权益KNXMAT
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.1B | $2.2B | ||
| Q3 25 | $7.1B | $2.3B | ||
| Q2 25 | $7.1B | $2.2B | ||
| Q1 25 | $7.1B | $2.1B | ||
| Q4 24 | $7.1B | $2.3B | ||
| Q3 24 | $7.1B | $2.3B | ||
| Q2 24 | $7.1B | $2.0B |
总资产KNXMAT
| Q1 26 | $11.9B | — | ||
| Q4 25 | $12.0B | $6.6B | ||
| Q3 25 | $12.6B | $6.6B | ||
| Q2 25 | $12.5B | $6.2B | ||
| Q1 25 | $12.6B | $6.2B | ||
| Q4 24 | $12.7B | $6.5B | ||
| Q3 24 | $12.8B | $6.5B | ||
| Q2 24 | $12.6B | $5.9B |
负债/权益比KNXMAT
| Q1 26 | — | — | ||
| Q4 25 | 0.25× | 1.04× | ||
| Q3 25 | 0.26× | 1.03× | ||
| Q2 25 | 0.26× | 1.08× | ||
| Q1 25 | 0.26× | 1.10× | ||
| Q4 24 | 0.26× | 1.03× | ||
| Q3 24 | 0.26× | 1.01× | ||
| Q2 24 | 0.23× | 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 | $142.5M | $796.6M |
| 自由现金流经营现金流 - 资本支出 | $56.9M | — |
| 自由现金流率自由现金流/营收 | 3.1% | — |
| 资本支出强度资本支出/营收 | 4.6% | — |
| 现金转化率经营现金流/净利润 | 1484.79× | 7.50× |
| 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KNXMAT
| Q1 26 | $142.5M | — | ||
| Q4 25 | $723.2M | $796.6M | ||
| Q3 25 | $217.5M | $72.0M | ||
| Q2 25 | $216.5M | $-300.1M | ||
| Q1 25 | $109.4M | $24.8M | ||
| Q4 24 | $274.3M | $862.1M | ||
| Q3 24 | $214.0M | $155.8M | ||
| Q2 24 | $273.4M | $-252.9M |
自由现金流KNXMAT
| Q1 26 | $56.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率KNXMAT
| Q1 26 | 3.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度KNXMAT
| Q1 26 | 4.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率KNXMAT
| Q1 26 | 1484.79× | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | 27.67× | 0.26× | ||
| Q2 25 | 6.32× | -5.62× | ||
| Q1 25 | 3.57× | — | ||
| Q4 24 | 3.95× | 6.12× | ||
| Q3 24 | 7.03× | 0.42× | ||
| Q2 24 | 13.47× | -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
KNX
| Revenue, excluding truckload and LTL fuel surcharge | $1.6B | 89% |
| Truckload and LTL fuel surcharge | $212.2M | 11% |
MAT
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
