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Masco（MAS）与SIGNET JEWELERS LTD（SIG）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SIGNET JEWELERS LTD的1.3倍（$1.8B vs $1.4B），Masco净利率更高（9.2% vs 1.4%，领先7.8%），SIGNET JEWELERS LTD同比增速更快（3.1% vs -1.9%），Masco自由现金流更多（$371.0M vs $-1.5M），过去两年Masco的营收复合增速更高（-3.5% vs -25.4%）
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。
Signet Jewelers是全球最大的钻石珠宝零售商，注册地位于百慕大，总部设在美国俄亥俄州阿克伦的费尔劳恩郊区，在纽约证券交易所上市。公司主打中端珠宝市场，旗下拥有Blue Nile、Zales、Kay等知名品牌，在美国、加拿大、英国的专业珠宝市场均占据龙头地位，部分品牌布局中高端赛道。
MAS vs SIG — 直观对比
营收规模更大
MAS
是对方的1.3倍
$1.4B
营收增速更快
SIG
高出5.1%
-1.9%
净利率更高
MAS
高出7.8%
1.4%
自由现金流更多
MAS
多$372.5M
$-1.5M
两年增速更快
MAS
近两年复合增速
-25.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.4B |
| 净利润 | $165.0M | $20.0M |
| 毛利率 | 33.9% | 37.3% |
| 营业利润率 | 13.8% | 1.7% |
| 净利率 | 9.2% | 1.4% |
| 营收同比 | -1.9% | 3.1% |
| 净利润同比 | -9.3% | 185.7% |
| 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MASSIG
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.9B | $1.5B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $1.8B | $2.4B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $2.1B | $1.5B | ||
| Q1 24 | $1.9B | $2.5B |
净利润MASSIG
| Q4 25 | $165.0M | $20.0M | ||
| Q3 25 | $189.0M | $-9.1M | ||
| Q2 25 | $270.0M | $33.5M | ||
| Q1 25 | $186.0M | $100.6M | ||
| Q4 24 | $182.0M | $7.0M | ||
| Q3 24 | $167.0M | $-98.5M | ||
| Q2 24 | $258.0M | $52.1M | ||
| Q1 24 | $215.0M | $626.2M |
毛利率MASSIG
| Q4 25 | 33.9% | 37.3% | ||
| Q3 25 | 34.2% | 38.6% | ||
| Q2 25 | 37.6% | 38.8% | ||
| Q1 25 | 35.8% | 42.6% | ||
| Q4 24 | 34.8% | 36.0% | ||
| Q3 24 | 36.6% | 38.0% | ||
| Q2 24 | 37.5% | 37.9% | ||
| Q1 24 | 35.6% | 43.3% |
营业利润率MASSIG
| Q4 25 | 13.8% | 1.7% | ||
| Q3 25 | 15.8% | 0.2% | ||
| Q2 25 | 20.1% | 3.1% | ||
| Q1 25 | 15.9% | 6.5% | ||
| Q4 24 | 15.9% | 0.7% | ||
| Q3 24 | 18.0% | -6.8% | ||
| Q2 24 | 19.0% | 3.3% | ||
| Q1 24 | 16.5% | 16.7% |
净利率MASSIG
| Q4 25 | 9.2% | 1.4% | ||
| Q3 25 | 9.9% | -0.6% | ||
| Q2 25 | 13.2% | 2.2% | ||
| Q1 25 | 10.3% | 4.3% | ||
| Q4 24 | 10.0% | 0.5% | ||
| Q3 24 | 8.4% | -6.6% | ||
| Q2 24 | 12.3% | 3.4% | ||
| Q1 24 | 11.2% | 25.1% |
每股收益（稀释后）MASSIG
| Q4 25 | $0.81 | $0.49 | ||
| Q3 25 | $0.90 | $-0.22 | ||
| Q2 25 | $1.28 | $0.78 | ||
| Q1 25 | $0.87 | $2.25 | ||
| Q4 24 | $0.85 | $0.12 | ||
| Q3 24 | $0.77 | $-2.28 | ||
| Q2 24 | $1.17 | $-0.90 | ||
| Q1 24 | $0.97 | $11.77 |
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 | $234.7M |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $-185.0M | $1.7B |
| 总资产 | $5.2B | $5.4B |
| 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MASSIG
| Q4 25 | $647.0M | $234.7M | ||
| Q3 25 | $559.0M | $281.4M | ||
| Q2 25 | $390.0M | $264.1M | ||
| Q1 25 | $377.0M | $604.0M | ||
| Q4 24 | $634.0M | $157.7M | ||
| Q3 24 | $646.0M | $403.1M | ||
| Q2 24 | $398.0M | $729.3M | ||
| Q1 24 | $368.0M | $1.4B |
总债务MASSIG
| Q4 25 | $2.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MASSIG
| Q4 25 | $-185.0M | $1.7B | ||
| Q3 25 | $-78.0M | $1.7B | ||
| Q2 25 | $-84.0M | $1.8B | ||
| Q1 25 | $-254.0M | $1.9B | ||
| Q4 24 | $-279.0M | $1.8B | ||
| Q3 24 | $-88.0M | $1.9B | ||
| Q2 24 | $-26.0M | $2.1B | ||
| Q1 24 | $-75.0M | $2.2B |
总资产MASSIG
| Q4 25 | $5.2B | $5.4B | ||
| Q3 25 | $5.3B | $5.3B | ||
| Q2 25 | $5.3B | $5.5B | ||
| Q1 25 | $5.1B | $5.7B | ||
| Q4 24 | $5.0B | $5.7B | ||
| Q3 24 | $5.3B | $5.6B | ||
| Q2 24 | $5.4B | $6.2B | ||
| Q1 24 | $5.3B | $6.8B |
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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | $371.0M | $-1.5M |
| 自由现金流率自由现金流/营收 | 20.7% | -0.1% |
| 资本支出强度资本支出/营收 | 2.6% | 2.3% |
| 现金转化率经营现金流/净利润 | 2.53× | 1.55× |
| 过去12个月自由现金流最近4个季度 | $866.0M | $591.0M |
8季度趋势，按日历期对齐
经营现金流MASSIG
| Q4 25 | $418.0M | $31.0M | ||
| Q3 25 | $456.0M | $86.3M | ||
| Q2 25 | $306.0M | $-175.3M | ||
| Q1 25 | $-158.0M | $780.7M | ||
| Q4 24 | $407.0M | $-75.4M | ||
| Q3 24 | $416.0M | $43.8M | ||
| Q2 24 | $346.0M | $-158.2M | ||
| Q1 24 | $-94.0M | $752.2M |
自由现金流MASSIG
| Q4 25 | $371.0M | $-1.5M | ||
| Q3 25 | $415.0M | $62.3M | ||
| Q2 25 | $270.0M | $-211.9M | ||
| Q1 25 | $-190.0M | $742.1M | ||
| Q4 24 | $351.0M | $-138.5M | ||
| Q3 24 | $378.0M | $15.8M | ||
| Q2 24 | $303.0M | $-181.5M | ||
| Q1 24 | $-125.0M | $716.1M |
自由现金流率MASSIG
| Q4 25 | 20.7% | -0.1% | ||
| Q3 25 | 21.6% | 4.1% | ||
| Q2 25 | 13.2% | -13.7% | ||
| Q1 25 | -10.5% | 31.5% | ||
| Q4 24 | 19.2% | -10.3% | ||
| Q3 24 | 19.1% | 1.1% | ||
| Q2 24 | 14.5% | -12.0% | ||
| Q1 24 | -6.5% | 28.7% |
资本支出强度MASSIG
| Q4 25 | 2.6% | 2.3% | ||
| Q3 25 | 2.1% | 1.6% | ||
| Q2 25 | 1.8% | 2.4% | ||
| Q1 25 | 1.8% | 1.6% | ||
| Q4 24 | 3.1% | 4.7% | ||
| Q3 24 | 1.9% | 1.9% | ||
| Q2 24 | 2.1% | 1.5% | ||
| Q1 24 | 1.6% | 1.4% |
现金转化率MASSIG
| Q4 25 | 2.53× | 1.55× | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 1.13× | -5.23× | ||
| Q1 25 | -0.85× | 7.76× | ||
| Q4 24 | 2.24× | -10.77× | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 1.34× | -3.04× | ||
| Q1 24 | -0.44× | 1.20× |
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% |
SIG
| Other | $571.9M | 41% |
| Zale Jewelry | $243.4M | 17% |
| Extended Service Plan | $129.6M | 9% |
| Diamonds Direct | $87.9M | 6% |
| Blue Nile | $74.3M | 5% |
| Extended Service Plan And Other Deferred Revenue | $69.9M | 5% |
| Banter By Piercing Pagoda | $69.2M | 5% |
| Watches | $48.7M | 3% |
| Peoples | $42.2M | 3% |
| James Allen | $27.8M | 2% |
