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Masco（MAS）与UGI CORP（UGI）财务数据对比。点击上方公司名可切换其他公司
UGI CORP的季度营收约是Masco的1.5倍（$2.7B vs $1.8B），UGI CORP净利率更高（19.4% vs 9.2%，领先10.2%），UGI CORP同比增速更快（0.7% vs -1.9%），过去两年UGI CORP的营收复合增速更高（40.9% vs -3.5%）
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。
UGI公司是总部位于美国宾夕法尼亚州普鲁士王市的能源企业，主营天然气与电力配送业务，布局覆盖范围广泛，在美国本土及欧洲地区均拥有成熟运营网络，为当地用户提供稳定可靠的能源配送服务。
MAS vs UGI — 直观对比
营收规模更大
UGI
是对方的1.5倍
$1.8B
营收增速更快
UGI
高出2.6%
-1.9%
净利率更高
UGI
高出10.2%
9.2%
两年增速更快
UGI
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.7B |
| 净利润 | $165.0M | $520.0M |
| 毛利率 | 33.9% | — |
| 营业利润率 | 13.8% | 9.3% |
| 净利率 | 9.2% | 19.4% |
| 营收同比 | -1.9% | 0.7% |
| 净利润同比 | -9.3% | -2.4% |
| 每股收益（稀释后） | $0.81 | $2.33 |
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MASUGI
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.8B | $2.1B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $1.8B | $2.6B | ||
| Q4 24 | $1.8B | $2.0B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $2.1B | $1.4B |
净利润MASUGI
| Q1 26 | — | $520.0M | ||
| Q4 25 | $165.0M | $297.0M | ||
| Q3 25 | $189.0M | $-13.0M | ||
| Q2 25 | $270.0M | $-163.0M | ||
| Q1 25 | $186.0M | $479.0M | ||
| Q4 24 | $182.0M | $375.0M | ||
| Q3 24 | $167.0M | $-273.0M | ||
| Q2 24 | $258.0M | $-48.0M |
毛利率MASUGI
| Q1 26 | — | — | ||
| Q4 25 | 33.9% | — | ||
| Q3 25 | 34.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | 35.8% | — | ||
| Q4 24 | 34.8% | — | ||
| Q3 24 | 36.6% | — | ||
| Q2 24 | 37.5% | — |
营业利润率MASUGI
| Q1 26 | — | 9.3% | ||
| Q4 25 | 13.8% | 22.0% | ||
| Q3 25 | 15.8% | 1.1% | ||
| Q2 25 | 20.1% | -6.8% | ||
| Q1 25 | 15.9% | 26.6% | ||
| Q4 24 | 15.9% | 24.5% | ||
| Q3 24 | 18.0% | -20.4% | ||
| Q2 24 | 19.0% | 5.0% |
净利率MASUGI
| Q1 26 | — | 19.4% | ||
| Q4 25 | 9.2% | 14.4% | ||
| Q3 25 | 9.9% | -1.1% | ||
| Q2 25 | 13.2% | -12.0% | ||
| Q1 25 | 10.3% | 18.2% | ||
| Q4 24 | 10.0% | 18.9% | ||
| Q3 24 | 8.4% | -22.6% | ||
| Q2 24 | 12.3% | -3.6% |
每股收益（稀释后）MASUGI
| Q1 26 | — | $2.33 | ||
| Q4 25 | $0.81 | $1.34 | ||
| Q3 25 | $0.90 | $-0.08 | ||
| Q2 25 | $1.28 | $-0.76 | ||
| Q1 25 | $0.87 | $2.19 | ||
| Q4 24 | $0.85 | $1.74 | ||
| Q3 24 | $0.77 | $-1.26 | ||
| Q2 24 | $1.17 | $-0.23 |
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 | — |
| 股东权益账面价值 | $-185.0M | — |
| 总资产 | $5.2B | — |
| 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MASUGI
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | $251.0M | ||
| Q3 25 | $559.0M | $335.0M | ||
| Q2 25 | $390.0M | $350.0M | ||
| Q1 25 | $377.0M | $426.0M | ||
| Q4 24 | $634.0M | $240.0M | ||
| Q3 24 | $646.0M | $213.0M | ||
| Q2 24 | $398.0M | $183.0M |
总债务MASUGI
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $6.0B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | $2.9B | $6.6B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.3B |
股东权益MASUGI
| Q1 26 | — | — | ||
| Q4 25 | $-185.0M | $5.0B | ||
| Q3 25 | $-78.0M | $4.8B | ||
| Q2 25 | $-84.0M | $4.9B | ||
| Q1 25 | $-254.0M | $5.0B | ||
| Q4 24 | $-279.0M | $4.6B | ||
| Q3 24 | $-88.0M | $4.3B | ||
| Q2 24 | $-26.0M | $4.7B |
总资产MASUGI
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $15.8B | ||
| Q3 25 | $5.3B | $15.5B | ||
| Q2 25 | $5.3B | $15.4B | ||
| Q1 25 | $5.1B | $15.7B | ||
| Q4 24 | $5.0B | $15.4B | ||
| Q3 24 | $5.3B | $15.1B | ||
| Q2 24 | $5.4B | $15.1B |
负债/权益比MASUGI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.34× |
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% | 4.7% |
| 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MASUGI
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $66.0M | ||
| Q3 25 | $456.0M | $90.0M | ||
| Q2 25 | $306.0M | $289.0M | ||
| Q1 25 | $-158.0M | $684.0M | ||
| Q4 24 | $407.0M | $164.0M | ||
| Q3 24 | $416.0M | $151.0M | ||
| Q2 24 | $346.0M | $390.0M |
自由现金流MASUGI
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $-155.0M | ||
| Q3 25 | $415.0M | $-168.0M | ||
| Q2 25 | $270.0M | $67.0M | ||
| Q1 25 | $-190.0M | $538.0M | ||
| Q4 24 | $351.0M | $-47.0M | ||
| Q3 24 | $378.0M | $-115.0M | ||
| Q2 24 | $303.0M | $185.0M |
自由现金流率MASUGI
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | -7.5% | ||
| Q3 25 | 21.6% | -14.4% | ||
| Q2 25 | 13.2% | 4.9% | ||
| Q1 25 | -10.5% | 20.4% | ||
| Q4 24 | 19.2% | -2.4% | ||
| Q3 24 | 19.1% | -9.5% | ||
| Q2 24 | 14.5% | 13.7% |
资本支出强度MASUGI
| Q1 26 | — | 4.7% | ||
| Q4 25 | 2.6% | 10.7% | ||
| Q3 25 | 2.1% | 22.1% | ||
| Q2 25 | 1.8% | 16.3% | ||
| Q1 25 | 1.8% | 5.5% | ||
| Q4 24 | 3.1% | 10.6% | ||
| Q3 24 | 1.9% | 22.0% | ||
| Q2 24 | 2.1% | 15.2% |
现金转化率MASUGI
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 0.22× | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | -0.85× | 1.43× | ||
| Q4 24 | 2.24× | 0.44× | ||
| 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
| Plumbing Products | $844.0M | 47% |
| Decorative Architectural Products | $545.0M | 30% |
| Other | $404.0M | 23% |
UGI
| Utilities | $880.0M | 33% |
| AmeriGas Propane | $759.0M | 28% |
| UGI International | $621.0M | 23% |
| Other | $425.0M | 16% |
