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蓝威斯顿（LW）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蓝威斯顿的1.1倍（$1.8B vs $1.6B），美泰净利率更高（6.0% vs 3.5%，领先2.6%），美泰同比增速更快（7.3% vs 2.9%），过去两年美泰的营收复合增速更高（47.7% vs -1.5%）
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
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。
LW vs MAT — 直观对比
营收规模更大
MAT
是对方的1.1倍
$1.6B
营收增速更快
MAT
高出4.4%
2.9%
净利率更高
MAT
高出2.6%
3.5%
两年增速更快
MAT
近两年复合增速
-1.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.8B |
| 净利润 | $54.0M | $106.2M |
| 毛利率 | 21.2% | 45.9% |
| 营业利润率 | 8.1% | 8.0% |
| 净利率 | 3.5% | 6.0% |
| 营收同比 | 2.9% | 7.3% |
| 净利润同比 | -63.0% | -24.6% |
| 每股收益（稀释后） | $0.39 | $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LWMAT
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.5B | $826.6M | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $1.7B | $1.8B | ||
| Q2 24 | $1.6B | $1.1B |
净利润LWMAT
| Q1 26 | $54.0M | — | ||
| Q4 25 | $62.1M | $106.2M | ||
| Q3 25 | $64.3M | $278.4M | ||
| Q2 25 | $119.9M | $53.4M | ||
| Q1 25 | $146.0M | $-40.3M | ||
| Q4 24 | $-36.1M | $140.9M | ||
| Q3 24 | $127.4M | $372.4M | ||
| Q2 24 | $129.6M | $56.9M |
毛利率LWMAT
| Q1 26 | 21.2% | — | ||
| Q4 25 | 20.0% | 45.9% | ||
| Q3 25 | 20.6% | 50.0% | ||
| Q2 25 | 20.4% | 50.9% | ||
| Q1 25 | 27.8% | 49.4% | ||
| Q4 24 | 17.4% | 50.7% | ||
| Q3 24 | 21.5% | 53.1% | ||
| Q2 24 | 24.1% | 49.2% |
营业利润率LWMAT
| Q1 26 | 8.1% | — | ||
| Q4 25 | 8.6% | 8.0% | ||
| Q3 25 | 9.4% | 21.9% | ||
| Q2 25 | 11.1% | 7.7% | ||
| Q1 25 | 16.4% | -6.4% | ||
| Q4 24 | 1.2% | 9.6% | ||
| Q3 24 | 12.8% | 26.5% | ||
| Q2 24 | 13.2% | 7.7% |
净利率LWMAT
| Q1 26 | 3.5% | — | ||
| Q4 25 | 3.8% | 6.0% | ||
| Q3 25 | 3.9% | 16.0% | ||
| Q2 25 | 7.2% | 5.2% | ||
| Q1 25 | 9.6% | -4.9% | ||
| Q4 24 | -2.3% | 8.6% | ||
| Q3 24 | 7.7% | 20.2% | ||
| Q2 24 | 8.0% | 5.3% |
每股收益（稀释后）LWMAT
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.44 | $0.32 | ||
| Q3 25 | $0.46 | $0.88 | ||
| Q2 25 | $0.84 | $0.16 | ||
| Q1 25 | $1.03 | $-0.12 | ||
| Q4 24 | $-0.25 | $0.40 | ||
| Q3 24 | $0.88 | $1.09 | ||
| Q2 24 | $0.89 | $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 | $57.5M | $1.2B |
| 总债务越低越好 | $3.6B | $2.3B |
| 股东权益账面价值 | $1.8B | $2.2B |
| 总资产 | $7.4B | $6.6B |
| 负债/权益比越低杠杆越低 | 1.99× | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资LWMAT
| Q1 26 | $57.5M | — | ||
| Q4 25 | $82.7M | $1.2B | ||
| Q3 25 | $98.6M | $691.9M | ||
| Q2 25 | $70.7M | $870.5M | ||
| Q1 25 | $67.5M | $1.2B | ||
| Q4 24 | $79.0M | $1.4B | ||
| Q3 24 | $120.8M | $723.5M | ||
| Q2 24 | $71.4M | $722.4M |
总债务LWMAT
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $2.3B | ||
| Q3 25 | $3.7B | $2.3B | ||
| Q2 25 | $3.7B | $2.3B | ||
| Q1 25 | $3.7B | $2.3B | ||
| Q4 24 | $3.7B | $2.3B | ||
| Q3 24 | $3.4B | $2.3B | ||
| Q2 24 | $3.4B | $2.3B |
股东权益LWMAT
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | $1.8B | $2.3B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.8B | $2.3B | ||
| Q2 24 | $1.8B | $2.0B |
总资产LWMAT
| Q1 26 | $7.4B | — | ||
| Q4 25 | $7.3B | $6.6B | ||
| Q3 25 | $7.2B | $6.6B | ||
| Q2 25 | $7.4B | $6.2B | ||
| Q1 25 | $7.4B | $6.2B | ||
| Q4 24 | $7.5B | $6.5B | ||
| Q3 24 | $7.5B | $6.5B | ||
| Q2 24 | $7.4B | $5.9B |
负债/权益比LWMAT
| Q1 26 | 1.99× | — | ||
| Q4 25 | 2.08× | 1.04× | ||
| Q3 25 | 2.05× | 1.03× | ||
| Q2 25 | 2.12× | 1.08× | ||
| Q1 25 | 2.25× | 1.10× | ||
| Q4 24 | 2.26× | 1.03× | ||
| Q3 24 | 1.87× | 1.01× | ||
| Q2 24 | 1.92× | 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 | $65.2M | $796.6M |
| 自由现金流经营现金流 - 资本支出 | $-36.3M | — |
| 自由现金流率自由现金流/营收 | -2.3% | — |
| 资本支出强度资本支出/营收 | 6.5% | — |
| 现金转化率经营现金流/净利润 | 1.21× | 7.50× |
| 过去12个月自由现金流最近4个季度 | $569.2M | — |
8季度趋势，按日历期对齐
经营现金流LWMAT
| Q1 26 | $65.2M | — | ||
| Q4 25 | $178.4M | $796.6M | ||
| Q3 25 | $352.0M | $72.0M | ||
| Q2 25 | $868.3M | $-300.1M | ||
| Q1 25 | $56.0M | $24.8M | ||
| Q4 24 | $99.1M | $862.1M | ||
| Q3 24 | $330.2M | $155.8M | ||
| Q2 24 | $798.2M | $-252.9M |
自由现金流LWMAT
| Q1 26 | $-36.3M | — | ||
| Q4 25 | $101.0M | — | ||
| Q3 25 | $274.4M | — | ||
| Q2 25 | $230.1M | — | ||
| Q1 25 | $-19.8M | — | ||
| Q4 24 | $-49.6M | — | ||
| Q3 24 | $4.3M | — | ||
| Q2 24 | $-131.3M | — |
自由现金流率LWMAT
| Q1 26 | -2.3% | — | ||
| Q4 25 | 6.2% | — | ||
| Q3 25 | 16.5% | — | ||
| Q2 25 | 13.7% | — | ||
| Q1 25 | -1.3% | — | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | -8.1% | — |
资本支出强度LWMAT
| Q1 26 | 6.5% | — | ||
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 38.1% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 19.7% | — | ||
| Q2 24 | 57.7% | — |
现金转化率LWMAT
| Q1 26 | 1.21× | — | ||
| Q4 25 | 2.87× | 7.50× | ||
| Q3 25 | 5.47× | 0.26× | ||
| Q2 25 | 7.24× | -5.62× | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | 2.59× | 0.42× | ||
| Q2 24 | 6.16× | -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
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
MAT
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
