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Masco（MAS）与M&T Bank（MTB）财务数据对比。点击上方公司名可切换其他公司
M&T Bank的季度营收约是Masco的1.4倍（$2.5B vs $1.8B），M&T Bank净利率更高（30.7% vs 9.2%，领先21.5%），M&T Bank同比增速更快（3.8% vs -1.9%），过去两年M&T Bank的营收复合增速更高（4.6% 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。
M&T银行是总部位于美国纽约州布法罗的银行控股企业，业务覆盖美国东部从缅因州到弗吉尼亚州的12个州及华盛顿特区，运营超过950家线下网点。其控股主体1998年5月前名为第一帝国州公司，之后更为现名。
MAS vs MTB — 直观对比
营收规模更大
MTB
是对方的1.4倍
$1.8B
营收增速更快
MTB
高出5.7%
-1.9%
净利率更高
MTB
高出21.5%
9.2%
两年增速更快
MTB
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.5B |
| 净利润 | $165.0M | $759.0M |
| 毛利率 | 33.9% | — |
| 营业利润率 | 13.8% | 39.2% |
| 净利率 | 9.2% | 30.7% |
| 营收同比 | -1.9% | 3.8% |
| 净利润同比 | -9.3% | 11.5% |
| 每股收益（稀释后） | $0.81 | $4.62 |
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MASMTB
| Q4 25 | $1.8B | $2.5B | ||
| Q3 25 | $1.9B | $2.5B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $1.8B | $2.3B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $2.0B | $2.3B | ||
| Q2 24 | $2.1B | $2.3B | ||
| Q1 24 | $1.9B | $2.3B |
净利润MASMTB
| Q4 25 | $165.0M | $759.0M | ||
| Q3 25 | $189.0M | $792.0M | ||
| Q2 25 | $270.0M | $716.0M | ||
| Q1 25 | $186.0M | $584.0M | ||
| Q4 24 | $182.0M | $681.0M | ||
| Q3 24 | $167.0M | $721.0M | ||
| Q2 24 | $258.0M | $655.0M | ||
| Q1 24 | $215.0M | $531.0M |
毛利率MASMTB
| Q4 25 | 33.9% | — | ||
| Q3 25 | 34.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | 35.8% | — | ||
| Q4 24 | 34.8% | — | ||
| Q3 24 | 36.6% | — | ||
| Q2 24 | 37.5% | — | ||
| Q1 24 | 35.6% | — |
营业利润率MASMTB
| Q4 25 | 13.8% | 39.2% | ||
| Q3 25 | 15.8% | 40.8% | ||
| Q2 25 | 20.1% | 39.0% | ||
| Q1 25 | 15.9% | 33.0% | ||
| Q4 24 | 15.9% | 37.0% | ||
| Q3 24 | 18.0% | 39.0% | ||
| Q2 24 | 19.0% | 37.1% | ||
| Q1 24 | 16.5% | 29.4% |
净利率MASMTB
| Q4 25 | 9.2% | 30.7% | ||
| Q3 25 | 9.9% | 31.5% | ||
| Q2 25 | 13.2% | 29.9% | ||
| Q1 25 | 10.3% | 25.3% | ||
| Q4 24 | 10.0% | 28.6% | ||
| Q3 24 | 8.4% | 30.9% | ||
| Q2 24 | 12.3% | 28.5% | ||
| Q1 24 | 11.2% | 23.5% |
每股收益（稀释后）MASMTB
| Q4 25 | $0.81 | $4.62 | ||
| Q3 25 | $0.90 | $4.82 | ||
| Q2 25 | $1.28 | $4.24 | ||
| Q1 25 | $0.87 | $3.32 | ||
| Q4 24 | $0.85 | $3.87 | ||
| Q3 24 | $0.77 | $4.02 | ||
| Q2 24 | $1.17 | $3.73 | ||
| Q1 24 | $0.97 | $3.02 |
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 | $10.9B |
| 股东权益账面价值 | $-185.0M | $29.2B |
| 总资产 | $5.2B | $213.5B |
| 负债/权益比越低杠杆越低 | — | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资MASMTB
| 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 | — | ||
| Q1 24 | $368.0M | — |
总债务MASMTB
| Q4 25 | $2.9B | $10.9B | ||
| Q3 25 | — | $12.9B | ||
| Q2 25 | — | $12.4B | ||
| Q1 25 | — | $10.5B | ||
| Q4 24 | $2.9B | $12.6B | ||
| Q3 24 | — | $11.6B | ||
| Q2 24 | — | $11.3B | ||
| Q1 24 | — | $11.4B |
股东权益MASMTB
| Q4 25 | $-185.0M | $29.2B | ||
| Q3 25 | $-78.0M | $28.7B | ||
| Q2 25 | $-84.0M | $28.5B | ||
| Q1 25 | $-254.0M | $29.0B | ||
| Q4 24 | $-279.0M | $29.0B | ||
| Q3 24 | $-88.0M | $28.9B | ||
| Q2 24 | $-26.0M | $28.4B | ||
| Q1 24 | $-75.0M | $27.2B |
总资产MASMTB
| Q4 25 | $5.2B | $213.5B | ||
| Q3 25 | $5.3B | $211.3B | ||
| Q2 25 | $5.3B | $211.6B | ||
| Q1 25 | $5.1B | $210.3B | ||
| Q4 24 | $5.0B | $208.1B | ||
| Q3 24 | $5.3B | $211.8B | ||
| Q2 24 | $5.4B | $208.9B | ||
| Q1 24 | $5.3B | $215.1B |
负债/权益比MASMTB
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.36× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.40× | ||
| Q1 24 | — | 0.42× |
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 | $3.0B |
| 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× | 3.96× |
| 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MASMTB
| Q4 25 | $418.0M | $3.0B | ||
| Q3 25 | $456.0M | $1.0B | ||
| Q2 25 | $306.0M | $844.0M | ||
| Q1 25 | $-158.0M | $635.0M | ||
| Q4 24 | $407.0M | $3.6B | ||
| Q3 24 | $416.0M | $-28.0M | ||
| Q2 24 | $346.0M | $1.4B | ||
| Q1 24 | $-94.0M | $608.0M |
自由现金流MASMTB
| Q4 25 | $371.0M | — | ||
| Q3 25 | $415.0M | — | ||
| Q2 25 | $270.0M | — | ||
| Q1 25 | $-190.0M | — | ||
| Q4 24 | $351.0M | — | ||
| Q3 24 | $378.0M | — | ||
| Q2 24 | $303.0M | — | ||
| Q1 24 | $-125.0M | — |
自由现金流率MASMTB
| Q4 25 | 20.7% | — | ||
| Q3 25 | 21.6% | — | ||
| Q2 25 | 13.2% | — | ||
| Q1 25 | -10.5% | — | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 19.1% | — | ||
| Q2 24 | 14.5% | — | ||
| Q1 24 | -6.5% | — |
资本支出强度MASMTB
| Q4 25 | 2.6% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | 1.6% | — |
现金转化率MASMTB
| Q4 25 | 2.53× | 3.96× | ||
| Q3 25 | 2.41× | 1.26× | ||
| Q2 25 | 1.13× | 1.18× | ||
| Q1 25 | -0.85× | 1.09× | ||
| Q4 24 | 2.24× | 5.30× | ||
| Q3 24 | 2.49× | -0.04× | ||
| Q2 24 | 1.34× | 2.07× | ||
| Q1 24 | -0.44× | 1.15× |
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% |
MTB
暂无分部数据
