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万事达卡（MA）与泰科电子（TEL）财务数据对比。点击上方公司名可切换其他公司
万事达卡的季度营收约是泰科电子的1.9倍（$8.8B vs $4.7B），万事达卡净利率更高（46.1% vs 16.1%，领先30.0%），泰科电子同比增速更快（21.7% vs 17.6%），万事达卡自由现金流更多（$4.9B vs $607.0M），过去两年万事达卡的营收复合增速更高（17.8% vs 8.5%）
万事达卡是总部位于美国纽约帕切斯的跨国支付卡服务企业，核心业务为处理商户收单银行与持卡人发卡机构之间的支付交易，同时提供旗下品牌借记卡、信用卡、预付卡及相关配套支付服务，服务网络覆盖全球，于2006年公开上市。
TE Connectivity（泰科电子）是一家注册地涵盖美国与爱尔兰的科技企业，专注于电气及电子元器件的设计与制造，产品广泛应用于汽车、航空航天、国防、医疗、能源等多个行业，可为不同领域客户提供高性能连接解决方案。
MA vs TEL — 直观对比
营收规模更大
MA
是对方的1.9倍
$4.7B
营收增速更快
TEL
高出4.1%
17.6%
净利率更高
MA
高出30.0%
16.1%
自由现金流更多
MA
多$4.3B
$607.0M
两年增速更快
MA
近两年复合增速
8.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $4.7B |
| 净利润 | $4.1B | $750.0M |
| 毛利率 | — | 37.2% |
| 营业利润率 | 55.8% | 20.6% |
| 净利率 | 46.1% | 16.1% |
| 营收同比 | 17.6% | 21.7% |
| 净利润同比 | 21.5% | 42.0% |
| 每股收益（稀释后） | $4.52 | $2.53 |
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MATEL
| Q4 25 | $8.8B | $4.7B | ||
| Q3 25 | $8.6B | $4.7B | ||
| Q2 25 | $8.1B | $4.5B | ||
| Q1 25 | $7.3B | $4.1B | ||
| Q4 24 | $7.5B | $3.8B | ||
| Q3 24 | $7.4B | $4.1B | ||
| Q2 24 | $7.0B | $4.0B | ||
| Q1 24 | $6.3B | $4.0B |
净利润MATEL
| Q4 25 | $4.1B | $750.0M | ||
| Q3 25 | $3.9B | $663.0M | ||
| Q2 25 | $3.7B | $638.0M | ||
| Q1 25 | $3.3B | $13.0M | ||
| Q4 24 | $3.3B | $528.0M | ||
| Q3 24 | $3.3B | $276.0M | ||
| Q2 24 | $3.3B | $573.0M | ||
| Q1 24 | $3.0B | $541.0M |
毛利率MATEL
| Q4 25 | — | 37.2% | ||
| Q3 25 | — | 35.0% | ||
| Q2 25 | — | 35.3% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 34.8% | ||
| Q1 24 | — | 34.4% |
营业利润率MATEL
| Q4 25 | 55.8% | 20.6% | ||
| Q3 25 | 58.8% | 19.3% | ||
| Q2 25 | 58.7% | 18.9% | ||
| Q1 25 | 57.2% | 18.1% | ||
| Q4 24 | 52.6% | 18.0% | ||
| Q3 24 | 54.3% | 16.0% | ||
| Q2 24 | 58.0% | 19.0% | ||
| Q1 24 | 56.8% | 17.4% |
净利率MATEL
| Q4 25 | 46.1% | 16.1% | ||
| Q3 25 | 45.7% | 14.0% | ||
| Q2 25 | 45.5% | 14.1% | ||
| Q1 25 | 45.2% | 0.3% | ||
| Q4 24 | 44.6% | 13.8% | ||
| Q3 24 | 44.3% | 6.8% | ||
| Q2 24 | 46.8% | 14.4% | ||
| Q1 24 | 47.4% | 13.6% |
每股收益（稀释后）MATEL
| Q4 25 | $4.52 | $2.53 | ||
| Q3 25 | $4.34 | $2.23 | ||
| Q2 25 | $4.07 | $2.14 | ||
| Q1 25 | $3.59 | $0.04 | ||
| Q4 24 | $3.64 | $1.75 | ||
| Q3 24 | $3.53 | $0.96 | ||
| Q2 24 | $3.50 | $1.86 | ||
| Q1 24 | $3.22 | $1.75 |
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 | $10.6B | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $13.0B |
| 总资产 | $54.2B | $25.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MATEL
| Q4 25 | $10.6B | $1.3B | ||
| Q3 25 | $10.3B | $1.3B | ||
| Q2 25 | $9.0B | $672.0M | ||
| Q1 25 | $7.6B | $2.6B | ||
| Q4 24 | $8.4B | $1.3B | ||
| Q3 24 | $11.1B | $1.3B | ||
| Q2 24 | $7.0B | $1.5B | ||
| Q1 24 | $7.3B | $1.2B |
股东权益MATEL
| Q4 25 | $7.7B | $13.0B | ||
| Q3 25 | $7.9B | $12.6B | ||
| Q2 25 | $7.9B | $12.4B | ||
| Q1 25 | $6.7B | $12.1B | ||
| Q4 24 | $6.5B | $12.4B | ||
| Q3 24 | $7.4B | $12.4B | ||
| Q2 24 | $7.4B | $12.6B | ||
| Q1 24 | $7.2B | $12.4B |
总资产MATEL
| Q4 25 | $54.2B | $25.6B | ||
| Q3 25 | $53.3B | $25.1B | ||
| Q2 25 | $51.4B | $24.9B | ||
| Q1 25 | $48.5B | $23.7B | ||
| Q4 24 | $48.1B | $22.4B | ||
| Q3 24 | $47.2B | $22.9B | ||
| Q2 24 | $42.3B | $22.9B | ||
| Q1 24 | $42.6B | $22.8B |
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 | $5.0B | $865.0M |
| 自由现金流经营现金流 - 资本支出 | $4.9B | $607.0M |
| 自由现金流率自由现金流/营收 | 55.5% | 13.0% |
| 资本支出强度资本支出/营收 | 1.3% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.23× | 1.15× |
| 过去12个月自由现金流最近4个季度 | $17.2B | $3.1B |
8季度趋势，按日历期对齐
经营现金流MATEL
| Q4 25 | $5.0B | $865.0M | ||
| Q3 25 | $5.7B | $1.4B | ||
| Q2 25 | $4.6B | $1.2B | ||
| Q1 25 | $2.4B | $653.0M | ||
| Q4 24 | $4.8B | $878.0M | ||
| Q3 24 | $5.1B | $1.0B | ||
| Q2 24 | $3.1B | $1.0B | ||
| Q1 24 | $1.7B | $710.0M |
自由现金流MATEL
| Q4 25 | $4.9B | $607.0M | ||
| Q3 25 | $5.5B | $1.1B | ||
| Q2 25 | $4.6B | $957.0M | ||
| Q1 25 | $2.2B | $423.0M | ||
| Q4 24 | $4.7B | $673.0M | ||
| Q3 24 | $5.0B | $829.0M | ||
| Q2 24 | $3.0B | $857.0M | ||
| Q1 24 | $1.5B | $543.0M |
自由现金流率MATEL
| Q4 25 | 55.5% | 13.0% | ||
| Q3 25 | 63.8% | 24.2% | ||
| Q2 25 | 56.1% | 21.1% | ||
| Q1 25 | 30.6% | 10.2% | ||
| Q4 24 | 63.3% | 17.5% | ||
| Q3 24 | 68.2% | 20.4% | ||
| Q2 24 | 43.4% | 21.5% | ||
| Q1 24 | 23.9% | 13.7% |
资本支出强度MATEL
| Q4 25 | 1.3% | 5.5% | ||
| Q3 25 | 2.1% | 5.7% | ||
| Q2 25 | 0.5% | 5.1% | ||
| Q1 25 | 2.2% | 5.6% | ||
| Q4 24 | 1.3% | 5.3% | ||
| Q3 24 | 1.5% | 5.2% | ||
| Q2 24 | 1.7% | 3.7% | ||
| Q1 24 | 2.5% | 4.2% |
现金转化率MATEL
| Q4 25 | 1.23× | 1.15× | ||
| Q3 25 | 1.44× | 2.14× | ||
| Q2 25 | 1.24× | 1.86× | ||
| Q1 25 | 0.73× | 50.23× | ||
| Q4 24 | 1.45× | 1.66× | ||
| Q3 24 | 1.57× | 3.78× | ||
| Q2 24 | 0.96× | 1.76× | ||
| Q1 24 | 0.56× | 1.31× |
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
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
TEL
| Automotive Industry End Market | $1.9B | 40% |
| Digital Data Networks | $707.0M | 15% |
| Automation And Connected Living Industry End Market | $549.0M | 12% |
| Energy Industry End Market | $406.0M | 9% |
| Aerospace Defense And Marine Industry End Market | $381.0M | 8% |
| Commercial Transportation Industry End Market | $370.0M | 8% |
| Sensors Industry End Market | $212.0M | 5% |
| Medical Industry End Market | $159.0M | 3% |
