vs
Masco（MAS）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是帕森斯公司的1.2倍（$1.8B vs $1.5B），Masco净利率更高（9.2% vs 3.5%，领先5.7%），帕森斯公司同比增速更快（3.0% vs -1.9%），过去两年Masco的营收复合增速更高（-3.5% vs -5.5%）
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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
MAS vs PSN — 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
PSN
高出4.9%
-1.9%
净利率更高
MAS
高出5.7%
3.5%
两年增速更快
MAS
近两年复合增速
-5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.5B |
| 净利润 | $165.0M | $52.9M |
| 毛利率 | 33.9% | — |
| 营业利润率 | 13.8% | 6.4% |
| 净利率 | 9.2% | 3.5% |
| 营收同比 | -1.9% | 3.0% |
| 净利润同比 | -9.3% | -20.1% |
| 每股收益（稀释后） | $0.81 | $0.49 |
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MASPSN
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.9B | $1.6B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $2.1B | $1.7B |
净利润MASPSN
| Q1 26 | — | $52.9M | ||
| Q4 25 | $165.0M | $55.6M | ||
| Q3 25 | $189.0M | $64.1M | ||
| Q2 25 | $270.0M | $55.2M | ||
| Q1 25 | $186.0M | $66.2M | ||
| Q4 24 | $182.0M | $201.3M | ||
| Q3 24 | $167.0M | $72.0M | ||
| Q2 24 | $258.0M | $69.2M |
毛利率MASPSN
| Q1 26 | — | — | ||
| Q4 25 | 33.9% | 23.0% | ||
| Q3 25 | 34.2% | 22.2% | ||
| Q2 25 | 37.6% | 22.0% | ||
| Q1 25 | 35.8% | 22.8% | ||
| Q4 24 | 34.8% | 21.3% | ||
| Q3 24 | 36.6% | 19.9% | ||
| Q2 24 | 37.5% | 21.0% |
营业利润率MASPSN
| Q1 26 | — | 6.4% | ||
| Q4 25 | 13.8% | 6.6% | ||
| Q3 25 | 15.8% | 6.7% | ||
| Q2 25 | 20.1% | 6.0% | ||
| Q1 25 | 15.9% | 7.0% | ||
| Q4 24 | 15.9% | 5.8% | ||
| Q3 24 | 18.0% | 6.4% | ||
| Q2 24 | 19.0% | 6.7% |
净利率MASPSN
| Q1 26 | — | 3.5% | ||
| Q4 25 | 9.2% | 3.5% | ||
| Q3 25 | 9.9% | 4.0% | ||
| Q2 25 | 13.2% | 3.5% | ||
| Q1 25 | 10.3% | 4.3% | ||
| Q4 24 | 10.0% | 11.6% | ||
| Q3 24 | 8.4% | 4.0% | ||
| Q2 24 | 12.3% | 4.1% |
每股收益（稀释后）MASPSN
| Q1 26 | — | $0.49 | ||
| Q4 25 | $0.81 | $0.51 | ||
| Q3 25 | $0.90 | $0.59 | ||
| Q2 25 | $1.28 | $0.50 | ||
| Q1 25 | $0.87 | $0.60 | ||
| Q4 24 | $0.85 | $1.85 | ||
| Q3 24 | $0.77 | $0.65 | ||
| Q2 24 | $1.17 | $0.63 |
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 | $1.5B |
| 股东权益账面价值 | $-185.0M | $2.8B |
| 总资产 | $5.2B | $6.0B |
| 负债/权益比越低杠杆越低 | — | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资MASPSN
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | $466.4M | ||
| Q3 25 | $559.0M | $422.6M | ||
| Q2 25 | $390.0M | $411.3M | ||
| Q1 25 | $377.0M | $269.7M | ||
| Q4 24 | $634.0M | $453.5M | ||
| Q3 24 | $646.0M | $558.8M | ||
| Q2 24 | $398.0M | $528.5M |
总债务MASPSN
| Q1 26 | — | $1.5B | ||
| Q4 25 | $2.9B | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $785.2M | ||
| Q4 24 | $2.9B | $784.1M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B |
股东权益MASPSN
| Q1 26 | — | $2.8B | ||
| Q4 25 | $-185.0M | $2.6B | ||
| Q3 25 | $-78.0M | $2.6B | ||
| Q2 25 | $-84.0M | $2.5B | ||
| Q1 25 | $-254.0M | $2.5B | ||
| Q4 24 | $-279.0M | $2.4B | ||
| Q3 24 | $-88.0M | $2.3B | ||
| Q2 24 | $-26.0M | $2.2B |
总资产MASPSN
| Q1 26 | — | $6.0B | ||
| Q4 25 | $5.2B | $5.8B | ||
| Q3 25 | $5.3B | $5.7B | ||
| Q2 25 | $5.3B | $5.7B | ||
| Q1 25 | $5.1B | $5.4B | ||
| Q4 24 | $5.0B | $5.5B | ||
| Q3 24 | $5.3B | $5.4B | ||
| Q2 24 | $5.4B | $5.2B |
负债/权益比MASPSN
| Q1 26 | — | 0.55× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.56× |
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MASPSN
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $167.5M | ||
| Q3 25 | $456.0M | $162.8M | ||
| Q2 25 | $306.0M | $159.8M | ||
| Q1 25 | $-158.0M | $-11.8M | ||
| Q4 24 | $407.0M | $126.8M | ||
| Q3 24 | $416.0M | $299.0M | ||
| Q2 24 | $346.0M | $161.2M |
自由现金流MASPSN
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $135.6M | ||
| Q3 25 | $415.0M | $149.7M | ||
| Q2 25 | $270.0M | $150.4M | ||
| Q1 25 | $-190.0M | $-25.3M | ||
| Q4 24 | $351.0M | $108.0M | ||
| Q3 24 | $378.0M | $287.3M | ||
| Q2 24 | $303.0M | $152.0M |
自由现金流率MASPSN
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 8.5% | ||
| Q3 25 | 21.6% | 9.2% | ||
| Q2 25 | 13.2% | 9.5% | ||
| Q1 25 | -10.5% | -1.6% | ||
| Q4 24 | 19.2% | 6.2% | ||
| Q3 24 | 19.1% | 15.9% | ||
| Q2 24 | 14.5% | 9.1% |
资本支出强度MASPSN
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 2.0% | ||
| Q3 25 | 2.1% | 0.8% | ||
| Q2 25 | 1.8% | 0.6% | ||
| Q1 25 | 1.8% | 0.9% | ||
| Q4 24 | 3.1% | 1.1% | ||
| Q3 24 | 1.9% | 0.6% | ||
| Q2 24 | 2.1% | 0.6% |
现金转化率MASPSN
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 3.01× | ||
| Q3 25 | 2.41× | 2.54× | ||
| Q2 25 | 1.13× | 2.89× | ||
| Q1 25 | -0.85× | -0.18× | ||
| Q4 24 | 2.24× | 0.63× | ||
| Q3 24 | 2.49× | 4.16× | ||
| Q2 24 | 1.34× | 2.33× |
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% |
PSN
暂无分部数据
