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Liberty Global Ltd.（LBTYA）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是美森的2.8倍（$2.4B vs $851.9M），美森净利率更高（16.8% vs 15.0%，领先1.8%），Liberty Global Ltd.同比增速更快（-3.6% vs -4.3%），过去两年Liberty Global Ltd.的营收复合增速更高（12.9% vs 8.6%）
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
LBTYA vs MATX — 直观对比
营收规模更大
LBTYA
是对方的2.8倍
$851.9M
营收增速更快
LBTYA
高出0.7%
-4.3%
净利率更高
MATX
高出1.8%
15.0%
两年增速更快
LBTYA
近两年复合增速
8.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $851.9M |
| 净利润 | $358.2M | $143.1M |
| 毛利率 | — | — |
| 营业利润率 | 1.0% | 16.9% |
| 净利率 | 15.0% | 16.8% |
| 营收同比 | -3.6% | -4.3% |
| 净利润同比 | 127.1% | 11.8% |
| 每股收益（稀释后） | — | $4.47 |
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LBTYAMATX
| Q1 26 | $2.4B | — | ||
| Q4 25 | $1.2B | $851.9M | ||
| Q3 25 | $1.2B | $880.1M | ||
| Q2 25 | $1.3B | $830.5M | ||
| Q1 25 | $1.2B | $782.0M | ||
| Q4 24 | $-1.4B | $890.3M | ||
| Q3 24 | $1.9B | $962.0M | ||
| Q2 24 | $1.9B | $847.4M |
净利润LBTYAMATX
| Q1 26 | $358.2M | — | ||
| Q4 25 | $-2.9B | $143.1M | ||
| Q3 25 | $-90.7M | $134.7M | ||
| Q2 25 | $-2.8B | $94.7M | ||
| Q1 25 | $-1.3B | $72.3M | ||
| Q4 24 | $2.2B | $128.0M | ||
| Q3 24 | $-1.4B | $199.1M | ||
| Q2 24 | $268.1M | $113.2M |
毛利率LBTYAMATX
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | — | ||
| Q3 25 | 67.5% | — | ||
| Q2 25 | 63.3% | — | ||
| Q1 25 | 65.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 69.4% | — | ||
| Q2 24 | 68.5% | — |
营业利润率LBTYAMATX
| Q1 26 | 1.0% | — | ||
| Q4 25 | -8.6% | 16.9% | ||
| Q3 25 | -0.7% | 18.3% | ||
| Q2 25 | 2.3% | 13.6% | ||
| Q1 25 | 5.2% | 10.5% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | 5.2% | 25.2% | ||
| Q2 24 | 1.0% | 14.7% |
净利率LBTYAMATX
| Q1 26 | 15.0% | — | ||
| Q4 25 | -237.0% | 16.8% | ||
| Q3 25 | -7.5% | 15.3% | ||
| Q2 25 | -220.1% | 11.4% | ||
| Q1 25 | -114.2% | 9.2% | ||
| Q4 24 | -158.9% | 14.4% | ||
| Q3 24 | -74.1% | 20.7% | ||
| Q2 24 | 14.3% | 13.4% |
每股收益（稀释后）LBTYAMATX
| Q1 26 | — | — | ||
| Q4 25 | $-8.66 | $4.47 | ||
| Q3 25 | $-0.27 | $4.24 | ||
| Q2 25 | $-8.09 | $2.92 | ||
| Q1 25 | $-3.84 | $2.18 | ||
| Q4 24 | $6.15 | $3.69 | ||
| Q3 24 | $-3.95 | $5.89 | ||
| Q2 24 | $0.71 | $3.31 |
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 | $-387.3M | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | — | $2.8B |
| 总资产 | — | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资LBTYAMATX
| Q1 26 | $-387.3M | — | ||
| Q4 25 | $2.2B | $141.9M | ||
| Q3 25 | $1.7B | $92.7M | ||
| Q2 25 | $3.1B | $59.1M | ||
| Q1 25 | $2.0B | $122.0M | ||
| Q4 24 | $2.2B | $266.8M | ||
| Q3 24 | $3.3B | $270.3M | ||
| Q2 24 | $3.2B | $168.2M |
总债务LBTYAMATX
| Q1 26 | — | — | ||
| Q4 25 | $7.8B | $361.2M | ||
| Q3 25 | $7.8B | $370.9M | ||
| Q2 25 | $7.8B | $341.3M | ||
| Q1 25 | $8.2B | $351.1M | ||
| Q4 24 | $8.2B | $361.2M | ||
| Q3 24 | $14.9B | $370.9M | ||
| Q2 24 | $14.7B | $381.0M |
股东权益LBTYAMATX
| Q1 26 | — | — | ||
| Q4 25 | $9.7B | $2.8B | ||
| Q3 25 | $12.7B | $2.7B | ||
| Q2 25 | $13.0B | $2.6B | ||
| Q1 25 | $12.6B | $2.6B | ||
| Q4 24 | $12.4B | $2.7B | ||
| Q3 24 | $18.7B | $2.6B | ||
| Q2 24 | $18.3B | $2.4B |
总资产LBTYAMATX
| Q1 26 | — | — | ||
| Q4 25 | $22.6B | $4.6B | ||
| Q3 25 | $25.4B | $4.6B | ||
| Q2 25 | $27.2B | $4.5B | ||
| Q1 25 | $26.0B | $4.5B | ||
| Q4 24 | $25.4B | $4.6B | ||
| Q3 24 | $41.8B | $4.4B | ||
| Q2 24 | $40.8B | $4.3B |
负债/权益比LBTYAMATX
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 0.13× | ||
| Q3 25 | 0.61× | 0.14× | ||
| Q2 25 | 0.60× | 0.13× | ||
| Q1 25 | 0.65× | 0.13× | ||
| Q4 24 | 0.66× | 0.14× | ||
| Q3 24 | 0.80× | 0.15× | ||
| Q2 24 | 0.80× | 0.16× |
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 | $107.6M | $176.9M |
| 自由现金流经营现金流 - 资本支出 | — | $42.2M |
| 自由现金流率自由现金流/营收 | — | 5.0% |
| 资本支出强度资本支出/营收 | 1.5% | 15.8% |
| 现金转化率经营现金流/净利润 | 0.30× | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $153.7M |
8季度趋势，按日历期对齐
经营现金流LBTYAMATX
| Q1 26 | $107.6M | — | ||
| Q4 25 | $630.9M | $176.9M | ||
| Q3 25 | $301.8M | $175.6M | ||
| Q2 25 | $149.2M | $105.6M | ||
| Q1 25 | $129.2M | $89.0M | ||
| Q4 24 | $791.6M | $174.7M | ||
| Q3 24 | $449.5M | $248.6M | ||
| Q2 24 | $546.1M | $307.9M |
自由现金流LBTYAMATX
| Q1 26 | — | — | ||
| Q4 25 | $193.3M | $42.2M | ||
| Q3 25 | $-41.1M | $92.4M | ||
| Q2 25 | $-170.1M | $19.3M | ||
| Q1 25 | $-114.1M | $-200.0K | ||
| Q4 24 | $712.9M | $49.3M | ||
| Q3 24 | $102.4M | $189.0M | ||
| Q2 24 | $256.8M | $238.1M |
自由现金流率LBTYAMATX
| Q1 26 | — | — | ||
| Q4 25 | 15.7% | 5.0% | ||
| Q3 25 | -3.4% | 10.5% | ||
| Q2 25 | -13.4% | 2.3% | ||
| Q1 25 | -9.7% | -0.0% | ||
| Q4 24 | -50.5% | 5.5% | ||
| Q3 24 | 5.3% | 19.6% | ||
| Q2 24 | 13.7% | 28.1% |
资本支出强度LBTYAMATX
| Q1 26 | 1.5% | — | ||
| Q4 25 | 35.5% | 15.8% | ||
| Q3 25 | 28.4% | 9.5% | ||
| Q2 25 | 25.2% | 10.4% | ||
| Q1 25 | 20.8% | 11.4% | ||
| Q4 24 | -5.6% | 14.1% | ||
| Q3 24 | 17.9% | 6.2% | ||
| Q2 24 | 15.4% | 8.2% |
现金转化率LBTYAMATX
| Q1 26 | 0.30× | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | 0.35× | 1.36× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | 2.04× | 2.72× |
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
LBTYA
| Mobile Service | $775.2M | 32% |
| Fixed Service | $772.0M | 32% |
| Business | $308.7M | 13% |
| Wholesale | $256.9M | 11% |
| Business Service | $233.2M | 10% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
