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Masco（MAS）与Travel & Leisure Co.（TNL）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Travel & Leisure Co.的2.0倍（$1.9B vs $961.0M），Masco净利率更高（11.9% vs 8.2%，领先3.7%），Masco同比增速更快（6.5% vs 2.9%），过去两年Travel & Leisure Co.的营收复合增速更高（-1.2% 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。
Travel + Leisure Co.是一家总部位于美国佛罗里达州奥兰多的分时度假企业，旗下运营温德姆俱乐部、温德姆WorldMark、玛格丽塔维尔度假俱乐部、雅高度假俱乐部等多个度假所有权品牌，开发、销售并管理分时度假物业，同时主要通过RCI提供分时度假交换服务，还运营Travel + Leisure GO等旅行俱乐部。
MAS vs TNL — 直观对比
营收规模更大
MAS
是对方的2.0倍
$961.0M
营收增速更快
MAS
高出3.6%
2.9%
净利率更高
MAS
高出3.7%
8.2%
两年增速更快
TNL
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $961.0M |
| 净利润 | $228.0M | $79.0M |
| 毛利率 | 35.8% | — |
| 营业利润率 | 16.5% | 16.5% |
| 净利率 | 11.9% | 8.2% |
| 营收同比 | 6.5% | 2.9% |
| 净利润同比 | 14.5% | 8.2% |
| 每股收益（稀释后） | — | $1.22 |
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MASTNL
| Q1 26 | $1.9B | $961.0M | ||
| Q4 25 | $1.8B | $1.0B | ||
| Q3 25 | $1.9B | $1.0B | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $1.8B | $934.0M | ||
| Q4 24 | $1.8B | $970.0M | ||
| Q3 24 | $2.0B | $993.0M | ||
| Q2 24 | $2.1B | $985.0M |
净利润MASTNL
| Q1 26 | $228.0M | $79.0M | ||
| Q4 25 | $165.0M | $-62.0M | ||
| Q3 25 | $189.0M | $111.0M | ||
| Q2 25 | $270.0M | $108.0M | ||
| Q1 25 | $186.0M | $73.0M | ||
| Q4 24 | $182.0M | $119.0M | ||
| Q3 24 | $167.0M | $97.0M | ||
| Q2 24 | $258.0M | $129.0M |
毛利率MASTNL
| Q1 26 | 35.8% | — | ||
| Q4 25 | 33.9% | 78.9% | ||
| Q3 25 | 34.2% | 98.8% | ||
| Q2 25 | 37.6% | 97.9% | ||
| Q1 25 | 35.8% | 97.5% | ||
| Q4 24 | 34.8% | 99.0% | ||
| Q3 24 | 36.6% | 97.3% | ||
| Q2 24 | 37.5% | 97.9% |
营业利润率MASTNL
| Q1 26 | 16.5% | 16.5% | ||
| Q4 25 | 13.8% | -2.2% | ||
| Q3 25 | 15.8% | 20.5% | ||
| Q2 25 | 20.1% | 20.2% | ||
| Q1 25 | 15.9% | 16.7% | ||
| Q4 24 | 15.9% | 21.1% | ||
| Q3 24 | 18.0% | 19.0% | ||
| Q2 24 | 19.0% | 19.2% |
净利率MASTNL
| Q1 26 | 11.9% | 8.2% | ||
| Q4 25 | 9.2% | -6.0% | ||
| Q3 25 | 9.9% | 10.6% | ||
| Q2 25 | 13.2% | 10.6% | ||
| Q1 25 | 10.3% | 7.8% | ||
| Q4 24 | 10.0% | 12.3% | ||
| Q3 24 | 8.4% | 9.8% | ||
| Q2 24 | 12.3% | 13.1% |
每股收益（稀释后）MASTNL
| Q1 26 | — | $1.22 | ||
| Q4 25 | $0.81 | $-0.92 | ||
| Q3 25 | $0.90 | $1.67 | ||
| Q2 25 | $1.28 | $1.62 | ||
| Q1 25 | $0.87 | $1.07 | ||
| Q4 24 | $0.85 | $1.70 | ||
| Q3 24 | $0.77 | $1.39 | ||
| Q2 24 | $1.17 | $1.81 |
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 | — | $254.0M |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $27.0M | — |
| 总资产 | $5.2B | $6.8B |
| 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MASTNL
| Q1 26 | — | $254.0M | ||
| Q4 25 | $647.0M | $271.0M | ||
| Q3 25 | $559.0M | $240.0M | ||
| Q2 25 | $390.0M | $212.0M | ||
| Q1 25 | $377.0M | $188.0M | ||
| Q4 24 | $634.0M | $185.0M | ||
| Q3 24 | $646.0M | $194.0M | ||
| Q2 24 | $398.0M | $166.0M |
总债务MASTNL
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $5.6B | ||
| Q3 25 | — | $5.6B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | $2.9B | $5.6B | ||
| Q3 24 | — | $5.6B | ||
| Q2 24 | — | $5.6B |
股东权益MASTNL
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $-981.0M | ||
| Q3 25 | $-78.0M | $-821.0M | ||
| Q2 25 | $-84.0M | $-852.0M | ||
| Q1 25 | $-254.0M | $-903.0M | ||
| Q4 24 | $-279.0M | $-881.0M | ||
| Q3 24 | $-88.0M | $-862.0M | ||
| Q2 24 | $-26.0M | $-885.0M |
总资产MASTNL
| Q1 26 | $5.2B | $6.8B | ||
| Q4 25 | $5.2B | $6.8B | ||
| Q3 25 | $5.3B | $6.9B | ||
| Q2 25 | $5.3B | $6.8B | ||
| Q1 25 | $5.1B | $6.8B | ||
| Q4 24 | $5.0B | $6.7B | ||
| Q3 24 | $5.3B | $6.7B | ||
| Q2 24 | $5.4B | $6.7B |
负债/权益比MASTNL
| 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 | — | $38.0M |
| 自由现金流经营现金流 - 资本支出 | — | $0 |
| 自由现金流率自由现金流/营收 | — | 0.0% |
| 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 | — | 0.48× |
| 过去12个月自由现金流最近4个季度 | — | $423.0M |
8季度趋势，按日历期对齐
经营现金流MASTNL
| Q1 26 | — | $38.0M | ||
| Q4 25 | $418.0M | $124.0M | ||
| Q3 25 | $456.0M | $163.0M | ||
| Q2 25 | $306.0M | $232.0M | ||
| Q1 25 | $-158.0M | $121.0M | ||
| Q4 24 | $407.0M | $98.0M | ||
| Q3 24 | $416.0M | $145.0M | ||
| Q2 24 | $346.0M | $174.0M |
自由现金流MASTNL
| Q1 26 | — | $0 | ||
| Q4 25 | $371.0M | $92.0M | ||
| Q3 25 | $415.0M | $136.0M | ||
| Q2 25 | $270.0M | $195.0M | ||
| Q1 25 | $-190.0M | $100.0M | ||
| Q4 24 | $351.0M | $75.0M | ||
| Q3 24 | $378.0M | $125.0M | ||
| Q2 24 | $303.0M | $153.0M |
自由现金流率MASTNL
| Q1 26 | — | 0.0% | ||
| Q4 25 | 20.7% | 9.0% | ||
| Q3 25 | 21.6% | 13.0% | ||
| Q2 25 | 13.2% | 19.2% | ||
| Q1 25 | -10.5% | 10.7% | ||
| Q4 24 | 19.2% | 7.7% | ||
| Q3 24 | 19.1% | 12.6% | ||
| Q2 24 | 14.5% | 15.5% |
资本支出强度MASTNL
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 3.1% | ||
| Q3 25 | 2.1% | 2.6% | ||
| Q2 25 | 1.8% | 3.6% | ||
| Q1 25 | 1.8% | 2.2% | ||
| Q4 24 | 3.1% | 2.4% | ||
| Q3 24 | 1.9% | 2.0% | ||
| Q2 24 | 2.1% | 2.1% |
现金转化率MASTNL
| Q1 26 | — | 0.48× | ||
| Q4 25 | 2.53× | — | ||
| Q3 25 | 2.41× | 1.47× | ||
| Q2 25 | 1.13× | 2.15× | ||
| Q1 25 | -0.85× | 1.66× | ||
| Q4 24 | 2.24× | 0.82× | ||
| Q3 24 | 2.49× | 1.49× | ||
| Q2 24 | 1.34× | 1.35× |
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
TNL
| Other | $452.0M | 47% |
| Service and membership fees | $396.0M | 41% |
| Consumer financing | $113.0M | 12% |
