vs
Masco（MAS）与百济神州（ONC）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是百济神州的1.3倍（$1.9B vs $1.5B），Masco净利率更高（11.9% vs 4.4%，领先7.4%），百济神州同比增速更快（32.8% vs 6.5%），过去两年百济神州的营收复合增速更高（41.2% 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。
BeOne Medicines（原百济神州）是一家跨国肿瘤领域制药企业，专注于癌症治疗创新药物的研发与商业化，致力于为全球癌症患者提供更有效、可及性更高的治疗方案，改善患者的生存质量与预后。
MAS vs ONC — 直观对比
营收规模更大
MAS
是对方的1.3倍
$1.5B
营收增速更快
ONC
高出26.3%
6.5%
净利率更高
MAS
高出7.4%
4.4%
两年增速更快
ONC
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.5B |
| 净利润 | $228.0M | $66.5M |
| 毛利率 | 35.8% | 90.5% |
| 营业利润率 | 16.5% | 12.4% |
| 净利率 | 11.9% | 4.4% |
| 营收同比 | 6.5% | 32.8% |
| 净利润同比 | 14.5% | 143.8% |
| 每股收益（稀释后） | — | $0.05 |
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MASONC
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $2.0B | $1.0B | ||
| Q2 24 | $2.1B | $929.2M |
净利润MASONC
| Q1 26 | $228.0M | — | ||
| Q4 25 | $165.0M | $66.5M | ||
| Q3 25 | $189.0M | $124.8M | ||
| Q2 25 | $270.0M | $94.3M | ||
| Q1 25 | $186.0M | $1.3M | ||
| Q4 24 | $182.0M | $-151.9M | ||
| Q3 24 | $167.0M | $-121.3M | ||
| Q2 24 | $258.0M | $-120.4M |
毛利率MASONC
| Q1 26 | 35.8% | — | ||
| Q4 25 | 33.9% | 90.5% | ||
| Q3 25 | 34.2% | 86.1% | ||
| Q2 25 | 37.6% | 87.5% | ||
| Q1 25 | 35.8% | 85.2% | ||
| Q4 24 | 34.8% | 85.8% | ||
| Q3 24 | 36.6% | 83.0% | ||
| Q2 24 | 37.5% | 85.1% |
营业利润率MASONC
| Q1 26 | 16.5% | — | ||
| Q4 25 | 13.8% | 12.4% | ||
| Q3 25 | 15.8% | 11.5% | ||
| Q2 25 | 20.1% | 6.7% | ||
| Q1 25 | 15.9% | 1.0% | ||
| Q4 24 | 15.9% | -7.0% | ||
| Q3 24 | 18.0% | -12.0% | ||
| Q2 24 | 19.0% | -11.5% |
净利率MASONC
| Q1 26 | 11.9% | — | ||
| Q4 25 | 9.2% | 4.4% | ||
| Q3 25 | 9.9% | 8.8% | ||
| Q2 25 | 13.2% | 7.2% | ||
| Q1 25 | 10.3% | 0.1% | ||
| Q4 24 | 10.0% | -13.5% | ||
| Q3 24 | 8.4% | -12.1% | ||
| Q2 24 | 12.3% | -13.0% |
每股收益（稀释后）MASONC
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $0.05 | ||
| Q3 25 | $0.90 | $0.08 | ||
| Q2 25 | $1.28 | $0.06 | ||
| Q1 25 | $0.87 | $0.00 | ||
| Q4 24 | $0.85 | $-0.10 | ||
| Q3 24 | $0.77 | $-0.09 | ||
| Q2 24 | $1.17 | $-0.09 |
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 | — | $4.5B |
| 总债务越低越好 | $2.9B | $836.4M |
| 股东权益账面价值 | $27.0M | $4.4B |
| 总资产 | $5.2B | $8.2B |
| 负债/权益比越低杠杆越低 | 109.07× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资MASONC
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | $4.5B | ||
| Q3 25 | $559.0M | $4.0B | ||
| Q2 25 | $390.0M | $2.8B | ||
| Q1 25 | $377.0M | $2.5B | ||
| Q4 24 | $634.0M | $2.6B | ||
| Q3 24 | $646.0M | $2.7B | ||
| Q2 24 | $398.0M | $2.6B |
总债务MASONC
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $836.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MASONC
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $4.4B | ||
| Q3 25 | $-78.0M | $4.1B | ||
| Q2 25 | $-84.0M | $3.8B | ||
| Q1 25 | $-254.0M | $3.5B | ||
| Q4 24 | $-279.0M | $3.3B | ||
| Q3 24 | $-88.0M | $3.4B | ||
| Q2 24 | $-26.0M | $3.4B |
总资产MASONC
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $8.2B | ||
| Q3 25 | $5.3B | $7.6B | ||
| Q2 25 | $5.3B | $6.3B | ||
| Q1 25 | $5.1B | $5.8B | ||
| Q4 24 | $5.0B | $5.9B | ||
| Q3 24 | $5.3B | $5.8B | ||
| Q2 24 | $5.4B | $5.7B |
负债/权益比MASONC
| Q1 26 | 109.07× | — | ||
| Q4 25 | — | 0.19× | ||
| 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 | — | $417.3M |
| 自由现金流经营现金流 - 资本支出 | — | $379.8M |
| 自由现金流率自由现金流/营收 | — | 25.4% |
| 资本支出强度资本支出/营收 | 1.8% | 2.5% |
| 现金转化率经营现金流/净利润 | — | 6.28× |
| 过去12个月自由现金流最近4个季度 | — | $941.7M |
8季度趋势，按日历期对齐
经营现金流MASONC
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $417.3M | ||
| Q3 25 | $456.0M | $402.6M | ||
| Q2 25 | $306.0M | $263.6M | ||
| Q1 25 | $-158.0M | $44.1M | ||
| Q4 24 | $407.0M | $75.2M | ||
| Q3 24 | $416.0M | $188.4M | ||
| Q2 24 | $346.0M | $-95.6M |
自由现金流MASONC
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $379.8M | ||
| Q3 25 | $415.0M | $354.5M | ||
| Q2 25 | $270.0M | $219.8M | ||
| Q1 25 | $-190.0M | $-12.3M | ||
| Q4 24 | $351.0M | $-17.3M | ||
| Q3 24 | $378.0M | $54.7M | ||
| Q2 24 | $303.0M | $-205.5M |
自由现金流率MASONC
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 25.4% | ||
| Q3 25 | 21.6% | 25.1% | ||
| Q2 25 | 13.2% | 16.7% | ||
| Q1 25 | -10.5% | -1.1% | ||
| Q4 24 | 19.2% | -1.5% | ||
| Q3 24 | 19.1% | 5.5% | ||
| Q2 24 | 14.5% | -22.1% |
资本支出强度MASONC
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 2.5% | ||
| Q3 25 | 2.1% | 3.4% | ||
| Q2 25 | 1.8% | 3.3% | ||
| Q1 25 | 1.8% | 5.0% | ||
| Q4 24 | 3.1% | 8.2% | ||
| Q3 24 | 1.9% | 13.3% | ||
| Q2 24 | 2.1% | 11.8% |
现金转化率MASONC
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 6.28× | ||
| Q3 25 | 2.41× | 3.22× | ||
| Q2 25 | 1.13× | 2.79× | ||
| Q1 25 | -0.85× | 34.71× | ||
| Q4 24 | 2.24× | — | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 1.34× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
