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诺唯真游轮控股（LINE）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
诺唯真游轮控股的季度营收约是美森的1.6倍（$1.4B vs $851.9M），美森净利率更高（16.8% vs -7.3%，领先24.1%），诺唯真游轮控股同比增速更快（3.1% vs -4.3%），美森自由现金流更多（$42.2M vs $35.0M）
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
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。
LINE vs MATX — 直观对比
营收规模更大
LINE
是对方的1.6倍
$851.9M
营收增速更快
LINE
高出7.5%
-4.3%
净利率更高
MATX
高出24.1%
-7.3%
自由现金流更多
MATX
多$7.2M
$35.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $851.9M |
| 净利润 | $-100.0M | $143.1M |
| 毛利率 | 32.3% | — |
| 营业利润率 | 2.5% | 16.9% |
| 净利率 | -7.3% | 16.8% |
| 营收同比 | 3.1% | -4.3% |
| 净利润同比 | 79.4% | 11.8% |
| 每股收益（稀释后） | $-0.44 | $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LINEMATX
| Q4 25 | — | $851.9M | ||
| Q3 25 | $1.4B | $880.1M | ||
| Q2 25 | $1.4B | $830.5M | ||
| Q1 25 | $1.3B | $782.0M | ||
| Q4 24 | $1.3B | $890.3M | ||
| Q3 24 | $1.3B | $962.0M | ||
| Q2 24 | $1.3B | $847.4M | ||
| Q1 24 | $1.3B | $722.1M |
净利润LINEMATX
| Q4 25 | — | $143.1M | ||
| Q3 25 | $-100.0M | $134.7M | ||
| Q2 25 | $-6.0M | $94.7M | ||
| Q1 25 | $0 | $72.3M | ||
| Q4 24 | $-71.0M | $128.0M | ||
| Q3 24 | $-485.0M | $199.1M | ||
| Q2 24 | $-68.0M | $113.2M | ||
| Q1 24 | $-40.0M | $36.1M |
毛利率LINEMATX
| Q4 25 | — | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 33.4% | — | ||
| Q1 24 | 33.4% | — |
营业利润率LINEMATX
| Q4 25 | — | 16.9% | ||
| Q3 25 | 2.5% | 18.3% | ||
| Q2 25 | 1.7% | 13.6% | ||
| Q1 25 | 4.3% | 10.5% | ||
| Q4 24 | -1.6% | 16.6% | ||
| Q3 24 | -38.6% | 25.2% | ||
| Q2 24 | 5.5% | 14.7% | ||
| Q1 24 | 7.6% | 5.1% |
净利率LINEMATX
| Q4 25 | — | 16.8% | ||
| Q3 25 | -7.3% | 15.3% | ||
| Q2 25 | -0.4% | 11.4% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | -5.3% | 14.4% | ||
| Q3 24 | -36.3% | 20.7% | ||
| Q2 24 | -5.1% | 13.4% | ||
| Q1 24 | -3.0% | 5.0% |
每股收益（稀释后）LINEMATX
| Q4 25 | — | $4.47 | ||
| Q3 25 | $-0.44 | $4.24 | ||
| Q2 25 | $-0.03 | $2.92 | ||
| Q1 25 | $0.01 | $2.18 | ||
| Q4 24 | $-0.52 | $3.69 | ||
| Q3 24 | $-2.44 | $5.89 | ||
| Q2 24 | $-0.46 | $3.31 | ||
| Q1 24 | $-0.28 | $1.04 |
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 | — | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $8.4B | $2.8B |
| 总资产 | $19.2B | $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LINEMATX
| Q4 25 | — | $141.9M | ||
| Q3 25 | — | $92.7M | ||
| Q2 25 | — | $59.1M | ||
| Q1 25 | — | $122.0M | ||
| Q4 24 | $173.0M | $266.8M | ||
| Q3 24 | $409.0M | $270.3M | ||
| Q2 24 | $73.0M | $168.2M | ||
| Q1 24 | — | $25.9M |
总债务LINEMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益LINEMATX
| Q4 25 | — | $2.8B | ||
| Q3 25 | $8.4B | $2.7B | ||
| Q2 25 | $8.6B | $2.6B | ||
| Q1 25 | $8.6B | $2.6B | ||
| Q4 24 | $8.6B | $2.7B | ||
| Q3 24 | $9.0B | $2.6B | ||
| Q2 24 | $4.9B | $2.4B | ||
| Q1 24 | $5.6B | $2.4B |
总资产LINEMATX
| Q4 25 | — | $4.6B | ||
| Q3 25 | $19.2B | $4.6B | ||
| Q2 25 | $19.4B | $4.5B | ||
| Q1 25 | $18.8B | $4.5B | ||
| Q4 24 | $18.7B | $4.6B | ||
| Q3 24 | $19.3B | $4.4B | ||
| Q2 24 | $18.8B | $4.3B | ||
| Q1 24 | — | $4.2B |
负债/权益比LINEMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 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 | $230.0M | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $35.0M | $42.2M |
| 自由现金流率自由现金流/营收 | 2.5% | 5.0% |
| 资本支出强度资本支出/营收 | 14.2% | 15.8% |
| 现金转化率经营现金流/净利润 | — | 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LINEMATX
| Q4 25 | — | $176.9M | ||
| Q3 25 | $230.0M | $175.6M | ||
| Q2 25 | $258.0M | $105.6M | ||
| Q1 25 | $139.0M | $89.0M | ||
| Q4 24 | — | $174.7M | ||
| Q3 24 | $186.0M | $248.6M | ||
| Q2 24 | $155.0M | $307.9M | ||
| Q1 24 | $105.0M | $36.6M |
自由现金流LINEMATX
| Q4 25 | — | $42.2M | ||
| Q3 25 | $35.0M | $92.4M | ||
| Q2 25 | $95.0M | $19.3M | ||
| Q1 25 | $-12.0M | $-200.0K | ||
| Q4 24 | — | $49.3M | ||
| Q3 24 | $33.0M | $189.0M | ||
| Q2 24 | $-31.0M | $238.1M | ||
| Q1 24 | $-42.0M | $-18.7M |
自由现金流率LINEMATX
| Q4 25 | — | 5.0% | ||
| Q3 25 | 2.5% | 10.5% | ||
| Q2 25 | 7.0% | 2.3% | ||
| Q1 25 | -0.9% | -0.0% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 2.5% | 19.6% | ||
| Q2 24 | -2.3% | 28.1% | ||
| Q1 24 | -3.2% | -2.6% |
资本支出强度LINEMATX
| Q4 25 | — | 15.8% | ||
| Q3 25 | 14.2% | 9.5% | ||
| Q2 25 | 12.1% | 10.4% | ||
| Q1 25 | 11.7% | 11.4% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | 11.5% | 6.2% | ||
| Q2 24 | 13.9% | 8.2% | ||
| Q1 24 | 11.1% | 7.7% |
现金转化率LINEMATX
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.36× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | — | 2.72× | ||
| Q1 24 | — | 1.01× |
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
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
