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Masco（MAS）与ServiceNow（NOW）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是Masco的2.0倍（$3.8B vs $1.9B），ServiceNow净利率更高（12.4% vs 11.9%，领先0.6%），Masco同比增速更快（6.5% vs 2.8%），过去两年ServiceNow的营收复合增速更高（19.8% vs -4.2%）
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。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
MAS vs NOW — 直观对比
营收规模更大
NOW
是对方的2.0倍
$1.9B
营收增速更快
MAS
高出3.7%
2.8%
净利率更高
NOW
高出0.6%
11.9%
两年增速更快
NOW
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.8B |
| 净利润 | $228.0M | $469.0M |
| 毛利率 | 35.8% | 75.1% |
| 营业利润率 | 16.5% | 13.3% |
| 净利率 | 11.9% | 12.4% |
| 营收同比 | 6.5% | 2.8% |
| 净利润同比 | 14.5% | -53.7% |
| 每股收益（稀释后） | — | $1.04 |
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MASNOW
| Q1 26 | $1.9B | $3.8B | ||
| Q4 25 | $1.8B | $3.6B | ||
| Q3 25 | $1.9B | $3.4B | ||
| Q2 25 | $2.1B | $3.2B | ||
| Q1 25 | $1.8B | $3.1B | ||
| Q4 24 | $1.8B | $3.0B | ||
| Q3 24 | $2.0B | $2.8B | ||
| Q2 24 | $2.1B | $2.6B |
净利润MASNOW
| Q1 26 | $228.0M | $469.0M | ||
| Q4 25 | $165.0M | $401.0M | ||
| Q3 25 | $189.0M | $502.0M | ||
| Q2 25 | $270.0M | $385.0M | ||
| Q1 25 | $186.0M | $460.0M | ||
| Q4 24 | $182.0M | $384.0M | ||
| Q3 24 | $167.0M | $432.0M | ||
| Q2 24 | $258.0M | $262.0M |
毛利率MASNOW
| Q1 26 | 35.8% | 75.1% | ||
| Q4 25 | 33.9% | 76.6% | ||
| Q3 25 | 34.2% | 77.3% | ||
| Q2 25 | 37.6% | 77.5% | ||
| Q1 25 | 35.8% | 78.9% | ||
| Q4 24 | 34.8% | 78.7% | ||
| Q3 24 | 36.6% | 79.1% | ||
| Q2 24 | 37.5% | 79.0% |
营业利润率MASNOW
| Q1 26 | 16.5% | 13.3% | ||
| Q4 25 | 13.8% | 12.4% | ||
| Q3 25 | 15.8% | 16.8% | ||
| Q2 25 | 20.1% | 11.1% | ||
| Q1 25 | 15.9% | 14.6% | ||
| Q4 24 | 15.9% | 12.6% | ||
| Q3 24 | 18.0% | 14.9% | ||
| Q2 24 | 19.0% | 9.1% |
净利率MASNOW
| Q1 26 | 11.9% | 12.4% | ||
| Q4 25 | 9.2% | 11.2% | ||
| Q3 25 | 9.9% | 14.7% | ||
| Q2 25 | 13.2% | 12.0% | ||
| Q1 25 | 10.3% | 14.9% | ||
| Q4 24 | 10.0% | 13.0% | ||
| Q3 24 | 8.4% | 15.4% | ||
| Q2 24 | 12.3% | 10.0% |
每股收益（稀释后）MASNOW
| Q1 26 | — | $1.04 | ||
| Q4 25 | $0.81 | $-4.77 | ||
| Q3 25 | $0.90 | $2.40 | ||
| Q2 25 | $1.28 | $1.84 | ||
| Q1 25 | $0.87 | $2.20 | ||
| Q4 24 | $0.85 | $1.84 | ||
| Q3 24 | $0.77 | $2.07 | ||
| Q2 24 | $1.17 | $1.26 |
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 | — | $2.7B |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $27.0M | $11.7B |
| 总资产 | $5.2B | $24.4B |
| 负债/权益比越低杠杆越低 | 109.07× | — |
8季度趋势，按日历期对齐
现金及短期投资MASNOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $647.0M | $3.7B | ||
| Q3 25 | $559.0M | $2.7B | ||
| Q2 25 | $390.0M | $3.1B | ||
| Q1 25 | $377.0M | $3.4B | ||
| Q4 24 | $634.0M | $2.3B | ||
| Q3 24 | $646.0M | $1.9B | ||
| Q2 24 | $398.0M | $2.2B |
总债务MASNOW
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MASNOW
| Q1 26 | $27.0M | $11.7B | ||
| Q4 25 | $-185.0M | $13.0B | ||
| Q3 25 | $-78.0M | $11.3B | ||
| Q2 25 | $-84.0M | $10.9B | ||
| Q1 25 | $-254.0M | $10.1B | ||
| Q4 24 | $-279.0M | $9.6B | ||
| Q3 24 | $-88.0M | $9.3B | ||
| Q2 24 | $-26.0M | $8.7B |
总资产MASNOW
| Q1 26 | $5.2B | $24.4B | ||
| Q4 25 | $5.2B | $26.0B | ||
| Q3 25 | $5.3B | $21.8B | ||
| Q2 25 | $5.3B | $22.1B | ||
| Q1 25 | $5.1B | $21.0B | ||
| Q4 24 | $5.0B | $20.4B | ||
| Q3 24 | $5.3B | $18.4B | ||
| Q2 24 | $5.4B | $18.2B |
负债/权益比MASNOW
| Q1 26 | 109.07× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | — | $1.7B |
| 自由现金流经营现金流 - 资本支出 | — | $1.7B |
| 自由现金流率自由现金流/营收 | — | 44.2% |
| 资本支出强度资本支出/营收 | 1.8% | — |
| 现金转化率经营现金流/净利润 | — | 3.56× |
| 过去12个月自由现金流最近4个季度 | — | $4.8B |
8季度趋势，按日历期对齐
经营现金流MASNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $418.0M | $2.2B | ||
| Q3 25 | $456.0M | $813.0M | ||
| Q2 25 | $306.0M | $716.0M | ||
| Q1 25 | $-158.0M | $1.7B | ||
| Q4 24 | $407.0M | $1.6B | ||
| Q3 24 | $416.0M | $671.0M | ||
| Q2 24 | $346.0M | $620.0M |
自由现金流MASNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $371.0M | $2.0B | ||
| Q3 25 | $415.0M | $578.0M | ||
| Q2 25 | $270.0M | $526.0M | ||
| Q1 25 | $-190.0M | $1.5B | ||
| Q4 24 | $351.0M | $1.4B | ||
| Q3 24 | $378.0M | $469.0M | ||
| Q2 24 | $303.0M | $358.0M |
自由现金流率MASNOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | 20.7% | 56.1% | ||
| Q3 25 | 21.6% | 17.0% | ||
| Q2 25 | 13.2% | 16.4% | ||
| Q1 25 | -10.5% | 47.7% | ||
| Q4 24 | 19.2% | 46.7% | ||
| Q3 24 | 19.1% | 16.8% | ||
| Q2 24 | 14.5% | 13.6% |
资本支出强度MASNOW
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 6.7% | ||
| Q3 25 | 2.1% | 6.9% | ||
| Q2 25 | 1.8% | 5.9% | ||
| Q1 25 | 1.8% | 6.6% | ||
| Q4 24 | 3.1% | 8.6% | ||
| Q3 24 | 1.9% | 7.2% | ||
| Q2 24 | 2.1% | 10.0% |
现金转化率MASNOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | 2.53× | 5.58× | ||
| Q3 25 | 2.41× | 1.62× | ||
| Q2 25 | 1.13× | 1.86× | ||
| Q1 25 | -0.85× | 3.65× | ||
| Q4 24 | 2.24× | 4.26× | ||
| Q3 24 | 2.49× | 1.55× | ||
| Q2 24 | 1.34× | 2.37× |
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
暂无分部数据
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
