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Masco（MAS）与Voya Financial, Inc.（VOYA）财务数据对比。点击上方公司名可切换其他公司
Voya Financial, Inc.的季度营收约是Masco的1.1倍（$2.0B vs $1.8B），Voya Financial, Inc.净利率更高（9.6% vs 9.2%，领先0.4%），Voya Financial, Inc.同比增速更快（3.1% vs -1.9%），过去两年Voya Financial, Inc.的营收复合增速更高（96.1% 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。
Voya Financial是总部位于美国纽约的金融服务机构，业务覆盖退休规划、投资管理及保险领域。其前身为ING集团美国运营子公司，2013年完成分拆并通过首次公开募股获得独立资金支持，2014年4月正式启用Voya Financial品牌，旗下前身机构最早在1970年代就已进入美国市场。
MAS vs VOYA — 直观对比
营收规模更大
VOYA
是对方的1.1倍
$1.8B
营收增速更快
VOYA
高出5.1%
-1.9%
净利率更高
VOYA
高出0.4%
9.2%
两年增速更快
VOYA
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.0B |
| 净利润 | $165.0M | $195.0M |
| 毛利率 | 33.9% | — |
| 营业利润率 | 13.8% | — |
| 净利率 | 9.2% | 9.6% |
| 营收同比 | -1.9% | 3.1% |
| 净利润同比 | -9.3% | 29.1% |
| 每股收益（稀释后） | $0.81 | $1.75 |
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MASVOYA
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.8B | $603.0M | ||
| Q3 25 | $1.9B | $572.0M | ||
| Q2 25 | $2.1B | $542.0M | ||
| Q1 25 | $1.8B | $538.0M | ||
| Q4 24 | $1.8B | $561.0M | ||
| Q3 24 | $2.0B | $542.0M | ||
| Q2 24 | $2.1B | $528.0M |
净利润MASVOYA
| Q1 26 | — | $195.0M | ||
| Q4 25 | $165.0M | $140.0M | ||
| Q3 25 | $189.0M | $192.0M | ||
| Q2 25 | $270.0M | $166.0M | ||
| Q1 25 | $186.0M | $156.0M | ||
| Q4 24 | $182.0M | $97.0M | ||
| Q3 24 | $167.0M | $114.0M | ||
| Q2 24 | $258.0M | $205.0M |
毛利率MASVOYA
| 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MASVOYA
| Q1 26 | — | — | ||
| Q4 25 | 13.8% | 28.0% | ||
| Q3 25 | 15.8% | 53.7% | ||
| Q2 25 | 20.1% | 34.7% | ||
| Q1 25 | 15.9% | 32.2% | ||
| Q4 24 | 15.9% | 21.4% | ||
| Q3 24 | 18.0% | 21.4% | ||
| Q2 24 | 19.0% | 52.3% |
净利率MASVOYA
| Q1 26 | — | 9.6% | ||
| Q4 25 | 9.2% | 23.2% | ||
| Q3 25 | 9.9% | 33.6% | ||
| Q2 25 | 13.2% | 30.6% | ||
| Q1 25 | 10.3% | 29.0% | ||
| Q4 24 | 10.0% | 17.3% | ||
| Q3 24 | 8.4% | 21.0% | ||
| Q2 24 | 12.3% | 38.8% |
每股收益（稀释后）MASVOYA
| Q1 26 | — | $1.75 | ||
| Q4 25 | $0.81 | $1.41 | ||
| Q3 25 | $0.90 | $1.80 | ||
| Q2 25 | $1.28 | $1.66 | ||
| Q1 25 | $0.87 | $1.42 | ||
| Q4 24 | $0.85 | $0.99 | ||
| Q3 24 | $0.77 | $0.98 | ||
| Q2 24 | $1.17 | $1.96 |
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 | $969.0M |
| 总债务越低越好 | $2.9B | $2.5B |
| 股东权益账面价值 | $-185.0M | $6.5B |
| 总资产 | $5.2B | $173.4B |
| 负债/权益比越低杠杆越低 | — | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资MASVOYA
| Q1 26 | — | $969.0M | ||
| Q4 25 | $647.0M | — | ||
| Q3 25 | $559.0M | — | ||
| Q2 25 | $390.0M | — | ||
| Q1 25 | $377.0M | — | ||
| Q4 24 | $634.0M | — | ||
| Q3 24 | $646.0M | — | ||
| Q2 24 | $398.0M | — |
总债务MASVOYA
| Q1 26 | — | $2.5B | ||
| Q4 25 | $2.9B | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $2.9B | $2.5B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.1B |
股东权益MASVOYA
| Q1 26 | — | $6.5B | ||
| Q4 25 | $-185.0M | $5.0B | ||
| Q3 25 | $-78.0M | $5.0B | ||
| Q2 25 | $-84.0M | $4.6B | ||
| Q1 25 | $-254.0M | $4.4B | ||
| Q4 24 | $-279.0M | $4.0B | ||
| Q3 24 | $-88.0M | $4.7B | ||
| Q2 24 | $-26.0M | $4.0B |
总资产MASVOYA
| Q1 26 | — | $173.4B | ||
| Q4 25 | $5.2B | $178.9B | ||
| Q3 25 | $5.3B | $177.4B | ||
| Q2 25 | $5.3B | $172.4B | ||
| Q1 25 | $5.1B | $163.9B | ||
| Q4 24 | $5.0B | $163.9B | ||
| Q3 24 | $5.3B | $166.9B | ||
| Q2 24 | $5.4B | $161.3B |
负债/权益比MASVOYA
| Q1 26 | — | 0.39× | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.52× |
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MASVOYA
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $557.0M | ||
| Q3 25 | $456.0M | $168.0M | ||
| Q2 25 | $306.0M | $742.0M | ||
| Q1 25 | $-158.0M | $-179.0M | ||
| Q4 24 | $407.0M | $79.0M | ||
| Q3 24 | $416.0M | $719.0M | ||
| Q2 24 | $346.0M | $316.0M |
自由现金流MASVOYA
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | — | ||
| Q3 25 | $415.0M | — | ||
| Q2 25 | $270.0M | — | ||
| Q1 25 | $-190.0M | — | ||
| Q4 24 | $351.0M | — | ||
| Q3 24 | $378.0M | — | ||
| Q2 24 | $303.0M | — |
自由现金流率MASVOYA
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | — | ||
| Q3 25 | 21.6% | — | ||
| Q2 25 | 13.2% | — | ||
| Q1 25 | -10.5% | — | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 19.1% | — | ||
| Q2 24 | 14.5% | — |
资本支出强度MASVOYA
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 2.1% | — |
现金转化率MASVOYA
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 3.98× | ||
| Q3 25 | 2.41× | 0.88× | ||
| Q2 25 | 1.13× | 4.47× | ||
| Q1 25 | -0.85× | -1.15× | ||
| Q4 24 | 2.24× | 0.81× | ||
| Q3 24 | 2.49× | 6.31× | ||
| Q2 24 | 1.34× | 1.54× |
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% |
VOYA
| Premiums | $744.0M | 37% |
| Fee income | $604.0M | 30% |
| Other | $574.0M | 28% |
| Other revenues | $109.0M | 5% |
