vs
Masco（MAS）与Snap Inc（SNAP）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Snap Inc的1.1倍（$1.9B vs $1.7B），Masco净利率更高（11.9% vs 2.6%，领先9.3%），Snap Inc同比增速更快（10.2% vs 6.5%），过去两年Snap Inc的营收复合增速更高（19.9% 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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
MAS vs SNAP — 直观对比
营收规模更大
MAS
是对方的1.1倍
$1.7B
营收增速更快
SNAP
高出3.7%
6.5%
净利率更高
MAS
高出9.3%
2.6%
两年增速更快
SNAP
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.7B |
| 净利润 | $228.0M | $45.2M |
| 毛利率 | 35.8% | 59.1% |
| 营业利润率 | 16.5% | 2.9% |
| 净利率 | 11.9% | 2.6% |
| 营收同比 | 6.5% | 10.2% |
| 净利润同比 | 14.5% | 396.7% |
| 每股收益（稀释后） | — | $0.03 |
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MASSNAP
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $1.7B | ||
| Q3 25 | $1.9B | $1.5B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $2.0B | $1.4B | ||
| Q2 24 | $2.1B | $1.2B |
净利润MASSNAP
| Q1 26 | $228.0M | — | ||
| Q4 25 | $165.0M | $45.2M | ||
| Q3 25 | $189.0M | $-103.5M | ||
| Q2 25 | $270.0M | $-262.6M | ||
| Q1 25 | $186.0M | $-139.6M | ||
| Q4 24 | $182.0M | $9.1M | ||
| Q3 24 | $167.0M | $-153.2M | ||
| Q2 24 | $258.0M | $-248.6M |
毛利率MASSNAP
| Q1 26 | 35.8% | — | ||
| Q4 25 | 33.9% | 59.1% | ||
| Q3 25 | 34.2% | 55.3% | ||
| Q2 25 | 37.6% | 51.4% | ||
| Q1 25 | 35.8% | 53.1% | ||
| Q4 24 | 34.8% | 56.9% | ||
| Q3 24 | 36.6% | 53.5% | ||
| Q2 24 | 37.5% | 52.4% |
营业利润率MASSNAP
| Q1 26 | 16.5% | — | ||
| Q4 25 | 13.8% | 2.9% | ||
| Q3 25 | 15.8% | -8.5% | ||
| Q2 25 | 20.1% | -19.3% | ||
| Q1 25 | 15.9% | -14.2% | ||
| Q4 24 | 15.9% | -1.7% | ||
| Q3 24 | 18.0% | -12.6% | ||
| Q2 24 | 19.0% | -20.5% |
净利率MASSNAP
| Q1 26 | 11.9% | — | ||
| Q4 25 | 9.2% | 2.6% | ||
| Q3 25 | 9.9% | -6.9% | ||
| Q2 25 | 13.2% | -19.5% | ||
| Q1 25 | 10.3% | -10.2% | ||
| Q4 24 | 10.0% | 0.6% | ||
| Q3 24 | 8.4% | -11.2% | ||
| Q2 24 | 12.3% | -20.1% |
每股收益（稀释后）MASSNAP
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $0.03 | ||
| Q3 25 | $0.90 | $-0.06 | ||
| Q2 25 | $1.28 | $-0.16 | ||
| Q1 25 | $0.87 | $-0.08 | ||
| Q4 24 | $0.85 | $0.01 | ||
| Q3 24 | $0.77 | $-0.09 | ||
| Q2 24 | $1.17 | $-0.15 |
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 | — | $2.9B |
| 总债务越低越好 | $2.9B | $3.5B |
| 股东权益账面价值 | $27.0M | $2.3B |
| 总资产 | $5.2B | $7.7B |
| 负债/权益比越低杠杆越低 | 109.07× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资MASSNAP
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | $2.9B | ||
| Q3 25 | $559.0M | $3.0B | ||
| Q2 25 | $390.0M | $2.9B | ||
| Q1 25 | $377.0M | $3.2B | ||
| Q4 24 | $634.0M | $3.4B | ||
| Q3 24 | $646.0M | $3.2B | ||
| Q2 24 | $398.0M | $3.1B |
总债务MASSNAP
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | $2.9B | $3.6B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.6B |
股东权益MASSNAP
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $2.3B | ||
| Q3 25 | $-78.0M | $2.2B | ||
| Q2 25 | $-84.0M | $2.1B | ||
| Q1 25 | $-254.0M | $2.3B | ||
| Q4 24 | $-279.0M | $2.5B | ||
| Q3 24 | $-88.0M | $2.2B | ||
| Q2 24 | $-26.0M | $2.1B |
总资产MASSNAP
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $7.7B | ||
| Q3 25 | $5.3B | $7.6B | ||
| Q2 25 | $5.3B | $7.4B | ||
| Q1 25 | $5.1B | $7.6B | ||
| Q4 24 | $5.0B | $7.9B | ||
| Q3 24 | $5.3B | $7.6B | ||
| Q2 24 | $5.4B | $7.4B |
负债/权益比MASSNAP
| Q1 26 | 109.07× | — | ||
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.76× |
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 | — | $269.6M |
| 自由现金流经营现金流 - 资本支出 | — | $205.6M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | 1.8% | 3.7% |
| 现金转化率经营现金流/净利润 | — | 5.96× |
| 过去12个月自由现金流最近4个季度 | — | $437.2M |
8季度趋势，按日历期对齐
经营现金流MASSNAP
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $269.6M | ||
| Q3 25 | $456.0M | $146.5M | ||
| Q2 25 | $306.0M | $88.5M | ||
| Q1 25 | $-158.0M | $151.6M | ||
| Q4 24 | $407.0M | $230.6M | ||
| Q3 24 | $416.0M | $115.9M | ||
| Q2 24 | $346.0M | $-21.4M |
自由现金流MASSNAP
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $205.6M | ||
| Q3 25 | $415.0M | $93.4M | ||
| Q2 25 | $270.0M | $23.8M | ||
| Q1 25 | $-190.0M | $114.4M | ||
| Q4 24 | $351.0M | $182.4M | ||
| Q3 24 | $378.0M | $71.8M | ||
| Q2 24 | $303.0M | $-73.4M |
自由现金流率MASSNAP
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 12.0% | ||
| Q3 25 | 21.6% | 6.2% | ||
| Q2 25 | 13.2% | 1.8% | ||
| Q1 25 | -10.5% | 8.4% | ||
| Q4 24 | 19.2% | 11.7% | ||
| Q3 24 | 19.1% | 5.2% | ||
| Q2 24 | 14.5% | -5.9% |
资本支出强度MASSNAP
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 3.7% | ||
| Q3 25 | 2.1% | 3.5% | ||
| Q2 25 | 1.8% | 4.8% | ||
| Q1 25 | 1.8% | 2.7% | ||
| Q4 24 | 3.1% | 3.1% | ||
| Q3 24 | 1.9% | 3.2% | ||
| Q2 24 | 2.1% | 4.2% |
现金转化率MASSNAP
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 5.96× | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | -0.85× | — | ||
| Q4 24 | 2.24× | 25.34× | ||
| 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
业务分部营收拆解
MAS
暂无分部数据
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
