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Masco（MAS）与MERCURY GENERAL CORP（MCY）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是MERCURY GENERAL CORP的1.2倍（$1.8B vs $1.5B），MERCURY GENERAL CORP净利率更高（12.4% vs 9.2%，领先3.2%），MERCURY GENERAL CORP同比增速更快（10.5% vs -1.9%），过去两年MERCURY GENERAL CORP的营收复合增速更高（8.6% vs -3.5%）
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
水星通用集团是一家综合性保险机构，业务覆盖个人车险、房主保险、租客保险及商业保险等多个品类，其中车险与房主保险是公司的核心经营板块。
MAS vs MCY — 直观对比
营收规模更大
MAS
是对方的1.2倍
$1.5B
营收增速更快
MCY
高出12.4%
-1.9%
净利率更高
MCY
高出3.2%
9.2%
两年增速更快
MCY
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.5B |
| 净利润 | $165.0M | $190.4M |
| 毛利率 | 33.9% | — |
| 营业利润率 | 13.8% | — |
| 净利率 | 9.2% | 12.4% |
| 营收同比 | -1.9% | 10.5% |
| 净利润同比 | -9.3% | -36.3% |
| 每股收益（稀释后） | $0.81 | — |
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MASMCY
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $1.9B | $1.6B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $2.1B | $1.3B |
净利润MASMCY
| Q1 26 | — | $190.4M | ||
| Q4 25 | $165.0M | $202.5M | ||
| Q3 25 | $189.0M | $280.4M | ||
| Q2 25 | $270.0M | $166.5M | ||
| Q1 25 | $186.0M | $-108.3M | ||
| Q4 24 | $182.0M | $101.1M | ||
| Q3 24 | $167.0M | $230.9M | ||
| Q2 24 | $258.0M | $62.6M |
毛利率MASMCY
| Q1 26 | — | — | ||
| Q4 25 | 33.9% | 99.7% | ||
| Q3 25 | 34.2% | 99.8% | ||
| Q2 25 | 37.6% | 99.8% | ||
| Q1 25 | 35.8% | 99.7% | ||
| Q4 24 | 34.8% | 99.7% | ||
| Q3 24 | 36.6% | 99.8% | ||
| Q2 24 | 37.5% | 99.8% |
营业利润率MASMCY
| Q1 26 | — | — | ||
| Q4 25 | 13.8% | 16.2% | ||
| Q3 25 | 15.8% | 22.1% | ||
| Q2 25 | 20.1% | 14.0% | ||
| Q1 25 | 15.9% | -10.2% | ||
| Q4 24 | 15.9% | 9.0% | ||
| Q3 24 | 18.0% | 18.8% | ||
| Q2 24 | 19.0% | 5.8% |
净利率MASMCY
| Q1 26 | — | 12.4% | ||
| Q4 25 | 9.2% | 13.2% | ||
| Q3 25 | 9.9% | 17.7% | ||
| Q2 25 | 13.2% | 11.3% | ||
| Q1 25 | 10.3% | -7.8% | ||
| Q4 24 | 10.0% | 7.4% | ||
| Q3 24 | 8.4% | 15.1% | ||
| Q2 24 | 12.3% | 4.8% |
每股收益（稀释后）MASMCY
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $3.66 | ||
| Q3 25 | $0.90 | $5.06 | ||
| Q2 25 | $1.28 | $3.01 | ||
| Q1 25 | $0.87 | $-1.96 | ||
| Q4 24 | $0.85 | $1.82 | ||
| Q3 24 | $0.77 | $4.17 | ||
| Q2 24 | $1.17 | $1.13 |
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 | $647.0M | — |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $-185.0M | $2.6B |
| 总资产 | $5.2B | $9.9B |
| 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MASMCY
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | — | ||
| Q3 25 | $559.0M | — | ||
| Q2 25 | $390.0M | — | ||
| Q1 25 | $377.0M | — | ||
| Q4 24 | $634.0M | — | ||
| Q3 24 | $646.0M | — | ||
| Q2 24 | $398.0M | — |
总债务MASMCY
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $575.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | $575.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MASMCY
| Q1 26 | — | $2.6B | ||
| Q4 25 | $-185.0M | $2.4B | ||
| Q3 25 | $-78.0M | $2.2B | ||
| Q2 25 | $-84.0M | $2.0B | ||
| Q1 25 | $-254.0M | $1.8B | ||
| Q4 24 | $-279.0M | $1.9B | ||
| Q3 24 | $-88.0M | $1.9B | ||
| Q2 24 | $-26.0M | $1.6B |
总资产MASMCY
| Q1 26 | — | $9.9B | ||
| Q4 25 | $5.2B | $9.6B | ||
| Q3 25 | $5.3B | $9.4B | ||
| Q2 25 | $5.3B | $9.1B | ||
| Q1 25 | $5.1B | $9.0B | ||
| Q4 24 | $5.0B | $8.3B | ||
| Q3 24 | $5.3B | $8.2B | ||
| Q2 24 | $5.4B | $7.7B |
负债/权益比MASMCY
| Q1 26 | — | — | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $418.0M | — |
| 自由现金流经营现金流 - 资本支出 | $371.0M | — |
| 自由现金流率自由现金流/营收 | 20.7% | — |
| 资本支出强度资本支出/营收 | 2.6% | — |
| 现金转化率经营现金流/净利润 | 2.53× | — |
| 过去12个月自由现金流最近4个季度 | $866.0M | — |
8季度趋势，按日历期对齐
经营现金流MASMCY
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $287.9M | ||
| Q3 25 | $456.0M | $496.4M | ||
| Q2 25 | $306.0M | $371.6M | ||
| Q1 25 | $-158.0M | $-68.7M | ||
| Q4 24 | $407.0M | $248.3M | ||
| Q3 24 | $416.0M | $318.1M | ||
| Q2 24 | $346.0M | $278.0M |
自由现金流MASMCY
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $273.9M | ||
| Q3 25 | $415.0M | $479.5M | ||
| Q2 25 | $270.0M | $357.2M | ||
| Q1 25 | $-190.0M | $-81.9M | ||
| Q4 24 | $351.0M | $236.0M | ||
| Q3 24 | $378.0M | $306.2M | ||
| Q2 24 | $303.0M | $266.5M |
自由现金流率MASMCY
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 17.8% | ||
| Q3 25 | 21.6% | 30.3% | ||
| Q2 25 | 13.2% | 24.2% | ||
| Q1 25 | -10.5% | -5.9% | ||
| Q4 24 | 19.2% | 17.3% | ||
| Q3 24 | 19.1% | 20.0% | ||
| Q2 24 | 14.5% | 20.4% |
资本支出强度MASMCY
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 0.9% | ||
| Q3 25 | 2.1% | 1.1% | ||
| Q2 25 | 1.8% | 1.0% | ||
| Q1 25 | 1.8% | 0.9% | ||
| Q4 24 | 3.1% | 0.9% | ||
| Q3 24 | 1.9% | 0.8% | ||
| Q2 24 | 2.1% | 0.9% |
现金转化率MASMCY
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 1.42× | ||
| Q3 25 | 2.41× | 1.77× | ||
| Q2 25 | 1.13× | 2.23× | ||
| Q1 25 | -0.85× | — | ||
| Q4 24 | 2.24× | 2.46× | ||
| Q3 24 | 2.49× | 1.38× | ||
| Q2 24 | 1.34× | 4.44× |
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
MAS
| Plumbing Products | $844.0M | 47% |
| Decorative Architectural Products | $545.0M | 30% |
| Other | $404.0M | 23% |
MCY
暂无分部数据
