vs
Massimo Group（MAMO）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是Massimo Group的91.4倍（$1.9B vs $21.0M）。Massimo Group净利率更高（9.5% vs -15.8%，领先25.3%）。Massimo Group同比增速更快（15.7% vs 9.5%）。过去两年北极星的营收复合增速更高（5.2% vs -16.5%）
Massimo Dutti是一家西班牙高端服装零售商，主打开司米与羊毛制品，创立于1985年，现隶属于西班牙跨国集团Inditex。Inditex集团同时拥有Zara、Pull&Bear等知名服装品牌。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
MAMO vs PII — 直观对比
营收规模更大
PII
是对方的91.4倍
$21.0M
营收增速更快
MAMO
高出6.2%
9.5%
净利率更高
MAMO
高出25.3%
-15.8%
两年增速更快
PII
近两年复合增速
-16.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $21.0M | $1.9B |
| 净利润 | $2.0M | $-303.6M |
| 毛利率 | 41.5% | 20.0% |
| 营业利润率 | 13.1% | -16.7% |
| 净利率 | 9.5% | -15.8% |
| 营收同比 | 15.7% | 9.5% |
| 净利润同比 | 215.0% | -2964.2% |
| 每股收益（稀释后） | $0.05 | $-5.34 |
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MAMOPII
| Q4 25 | $21.0M | $1.9B | ||
| Q3 25 | $17.0M | $1.8B | ||
| Q2 25 | $18.9M | $1.9B | ||
| Q1 25 | $14.9M | $1.5B | ||
| Q4 24 | $18.2M | $1.8B | ||
| Q3 24 | $25.6M | $1.7B | ||
| Q2 24 | $35.4M | $2.0B | ||
| Q1 24 | $30.2M | $1.7B |
净利润MAMOPII
| Q4 25 | $2.0M | $-303.6M | ||
| Q3 25 | $1.5M | $-15.8M | ||
| Q2 25 | $77.7K | $-79.3M | ||
| Q1 25 | $-2.1M | $-66.8M | ||
| Q4 24 | $-1.7M | $10.6M | ||
| Q3 24 | $-2.5M | $27.7M | ||
| Q2 24 | $2.8M | $68.7M | ||
| Q1 24 | $3.2M | $3.8M |
毛利率MAMOPII
| Q4 25 | 41.5% | 20.0% | ||
| Q3 25 | 42.0% | 20.7% | ||
| Q2 25 | 36.3% | 19.4% | ||
| Q1 25 | 28.4% | 16.0% | ||
| Q4 24 | 19.6% | 20.4% | ||
| Q3 24 | 27.2% | 20.6% | ||
| Q2 24 | 32.5% | 21.6% | ||
| Q1 24 | 34.7% | 19.0% |
营业利润率MAMOPII
| Q4 25 | 13.1% | -16.7% | ||
| Q3 25 | 10.5% | 1.1% | ||
| Q2 25 | 0.8% | -0.7% | ||
| Q1 25 | -18.2% | -2.4% | ||
| Q4 24 | -15.4% | 3.7% | ||
| Q3 24 | 1.2% | 3.8% | ||
| Q2 24 | 10.1% | 6.1% | ||
| Q1 24 | 13.2% | 2.2% |
净利率MAMOPII
| Q4 25 | 9.5% | -15.8% | ||
| Q3 25 | 9.0% | -0.9% | ||
| Q2 25 | 0.4% | -4.3% | ||
| Q1 25 | -14.0% | -4.3% | ||
| Q4 24 | -9.5% | 0.6% | ||
| Q3 24 | -9.8% | 1.6% | ||
| Q2 24 | 8.0% | 3.5% | ||
| Q1 24 | 10.6% | 0.2% |
每股收益（稀释后）MAMOPII
| Q4 25 | $0.05 | $-5.34 | ||
| Q3 25 | $0.04 | $-0.28 | ||
| Q2 25 | $0.00 | $-1.39 | ||
| Q1 25 | $-0.05 | $-1.17 | ||
| Q4 24 | $-0.05 | $0.18 | ||
| Q3 24 | $-0.06 | $0.49 | ||
| Q2 24 | $0.07 | $1.21 | ||
| Q1 24 | $0.08 | $0.07 |
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 | $5.8M | $138.0M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $23.7M | $828.4M |
| 总资产 | $51.4M | $4.9B |
| 负债/权益比越低杠杆越低 | — | 1.82× |
8季度趋势，按日历期对齐
现金及短期投资MAMOPII
| Q4 25 | $5.8M | $138.0M | ||
| Q3 25 | $2.6M | $335.5M | ||
| Q2 25 | — | $324.3M | ||
| Q1 25 | $3.0M | $291.7M | ||
| Q4 24 | $10.2M | $287.8M | ||
| Q3 24 | — | $291.3M | ||
| Q2 24 | — | $322.7M | ||
| Q1 24 | — | $318.8M |
总债务MAMOPII
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.0B |
股东权益MAMOPII
| Q4 25 | $23.7M | $828.4M | ||
| Q3 25 | $21.7M | $1.1B | ||
| Q2 25 | $20.2M | $1.2B | ||
| Q1 25 | $19.9M | $1.2B | ||
| Q4 24 | $21.7M | $1.3B | ||
| Q3 24 | $22.5M | $1.3B | ||
| Q2 24 | $24.7M | $1.3B | ||
| Q1 24 | $18.1M | $1.4B |
总资产MAMOPII
| Q4 25 | $51.4M | $4.9B | ||
| Q3 25 | $44.4M | $5.3B | ||
| Q2 25 | $45.9M | $5.4B | ||
| Q1 25 | $46.4M | $5.5B | ||
| Q4 24 | $54.9M | $5.5B | ||
| Q3 24 | $57.1M | $5.6B | ||
| Q2 24 | $49.9M | $5.7B | ||
| Q1 24 | $47.3M | $5.6B |
负债/权益比MAMOPII
| Q4 25 | — | 1.82× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.56× | ||
| Q1 24 | — | 1.46× |
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 | $4.0M | $178.7M |
| 自由现金流经营现金流 - 资本支出 | — | $114.0M |
| 自由现金流率自由现金流/营收 | — | 5.9% |
| 资本支出强度资本支出/营收 | — | 3.4% |
| 现金转化率经营现金流/净利润 | 2.01× | — |
| 过去12个月自由现金流最近4个季度 | — | $558.1M |
8季度趋势，按日历期对齐
经营现金流MAMOPII
| Q4 25 | $4.0M | $178.7M | ||
| Q3 25 | $633.2K | $158.8M | ||
| Q2 25 | $-1.4M | $320.3M | ||
| Q1 25 | $-3.3M | $83.2M | ||
| Q4 24 | $9.1M | $206.3M | ||
| Q3 24 | $4.7M | $21.0M | ||
| Q2 24 | $-6.5M | $146.3M | ||
| Q1 24 | $-637.0K | $-105.4M |
自由现金流MAMOPII
| Q4 25 | — | $114.0M | ||
| Q3 25 | — | $116.7M | ||
| Q2 25 | — | $279.8M | ||
| Q1 25 | — | $47.6M | ||
| Q4 24 | $9.0M | $137.3M | ||
| Q3 24 | $4.6M | $-32.4M | ||
| Q2 24 | $-6.7M | $79.1M | ||
| Q1 24 | $-741.4K | $-177.5M |
自由现金流率MAMOPII
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | 49.7% | 7.8% | ||
| Q3 24 | 18.1% | -1.9% | ||
| Q2 24 | -19.0% | 4.0% | ||
| Q1 24 | -2.5% | -10.2% |
资本支出强度MAMOPII
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 0.2% | 3.9% | ||
| Q3 24 | 0.3% | 3.1% | ||
| Q2 24 | 0.7% | 3.4% | ||
| Q1 24 | 0.3% | 4.2% |
现金转化率MAMOPII
| Q4 25 | 2.01× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | -17.92× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 19.46× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | -2.30× | 2.13× | ||
| Q1 24 | -0.20× | -27.74× |
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
MAMO
暂无分部数据
PII
| Wholegoods | $1.1B | 58% |
| Other | $243.3M | 13% |
| On Road Segment | $187.2M | 10% |
| Marine Segment | $138.3M | 7% |
| CA | $134.5M | 7% |
| APLA | $76.7M | 4% |
| Financial Service | $19.7M | 1% |
