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Masco（MAS）与Wayfair Inc.（W）财务数据对比。点击上方公司名可切换其他公司
Wayfair Inc.的季度营收约是Masco的1.5倍（$2.9B vs $1.9B），Masco净利率更高（11.9% vs -3.6%，领先15.5%），Wayfair Inc.同比增速更快（7.4% vs 6.5%），过去两年Wayfair Inc.的营收复合增速更高（-3.0% 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。
Wayfair Inc.是总部位于美国马萨诸塞州波士顿的电商企业，2002年成立，前身为CSN Stores，专注于家具及家居用品线上销售。目前平台提供来自全球11000余家供应商的1400万款商品，业务遍及北美、加拿大、德国、爱尔兰、中国、英国等国家和地区。
MAS vs W — 直观对比
营收规模更大
W
是对方的1.5倍
$1.9B
营收增速更快
W
高出0.9%
6.5%
净利率更高
MAS
高出15.5%
-3.6%
两年增速更快
W
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.9B |
| 净利润 | $228.0M | $-105.0M |
| 毛利率 | 35.8% | 30.0% |
| 营业利润率 | 16.5% | 69.6% |
| 净利率 | 11.9% | -3.6% |
| 营收同比 | 6.5% | 7.4% |
| 净利润同比 | 14.5% | 7.1% |
| 每股收益（稀释后） | — | $0.26 |
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MASW
| Q1 26 | $1.9B | $2.9B | ||
| Q4 25 | $1.8B | $3.3B | ||
| Q3 25 | $1.9B | $3.1B | ||
| Q2 25 | $2.1B | $3.3B | ||
| Q1 25 | $1.8B | $2.7B | ||
| Q4 24 | $1.8B | $3.1B | ||
| Q3 24 | $2.0B | $2.9B | ||
| Q2 24 | $2.1B | $3.1B |
净利润MASW
| Q1 26 | $228.0M | $-105.0M | ||
| Q4 25 | $165.0M | $-116.0M | ||
| Q3 25 | $189.0M | $-99.0M | ||
| Q2 25 | $270.0M | $15.0M | ||
| Q1 25 | $186.0M | $-113.0M | ||
| Q4 24 | $182.0M | $-128.0M | ||
| Q3 24 | $167.0M | $-74.0M | ||
| Q2 24 | $258.0M | $-42.0M |
毛利率MASW
| Q1 26 | 35.8% | 30.0% | ||
| Q4 25 | 33.9% | 30.3% | ||
| Q3 25 | 34.2% | 30.0% | ||
| Q2 25 | 37.6% | 30.1% | ||
| Q1 25 | 35.8% | 30.7% | ||
| Q4 24 | 34.8% | 30.2% | ||
| Q3 24 | 36.6% | 30.3% | ||
| Q2 24 | 37.5% | 30.2% |
营业利润率MASW
| Q1 26 | 16.5% | 69.6% | ||
| Q4 25 | 13.8% | 2.5% | ||
| Q3 25 | 15.8% | 1.2% | ||
| Q2 25 | 20.1% | 0.5% | ||
| Q1 25 | 15.9% | -4.5% | ||
| Q4 24 | 15.9% | -3.7% | ||
| Q3 24 | 18.0% | -2.6% | ||
| Q2 24 | 19.0% | -1.1% |
净利率MASW
| Q1 26 | 11.9% | -3.6% | ||
| Q4 25 | 9.2% | -3.5% | ||
| Q3 25 | 9.9% | -3.2% | ||
| Q2 25 | 13.2% | 0.5% | ||
| Q1 25 | 10.3% | -4.1% | ||
| Q4 24 | 10.0% | -4.1% | ||
| Q3 24 | 8.4% | -2.6% | ||
| Q2 24 | 12.3% | -1.3% |
每股收益（稀释后）MASW
| Q1 26 | — | $0.26 | ||
| Q4 25 | $0.81 | $-0.90 | ||
| Q3 25 | $0.90 | $-0.76 | ||
| Q2 25 | $1.28 | $0.11 | ||
| Q1 25 | $0.87 | $-0.89 | ||
| Q4 24 | $0.85 | $-1.01 | ||
| Q3 24 | $0.77 | $-0.60 | ||
| Q2 24 | $1.17 | $-0.34 |
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 | — | $1.1B |
| 总债务越低越好 | $2.9B | $2.9B |
| 股东权益账面价值 | $27.0M | — |
| 总资产 | $5.2B | $2.9B |
| 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MASW
| Q1 26 | — | $1.1B | ||
| Q4 25 | $647.0M | $1.5B | ||
| Q3 25 | $559.0M | $1.2B | ||
| Q2 25 | $390.0M | $1.4B | ||
| Q1 25 | $377.0M | $1.4B | ||
| Q4 24 | $634.0M | $1.4B | ||
| Q3 24 | $646.0M | $1.3B | ||
| Q2 24 | $398.0M | $1.3B |
总债务MASW
| Q1 26 | $2.9B | $2.9B | ||
| Q4 25 | $2.9B | $3.3B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $2.9B | $3.1B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B |
股东权益MASW
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $-2.8B | ||
| Q3 25 | $-78.0M | $-2.8B | ||
| Q2 25 | $-84.0M | $-2.7B | ||
| Q1 25 | $-254.0M | $-2.8B | ||
| Q4 24 | $-279.0M | $-2.8B | ||
| Q3 24 | $-88.0M | $-2.7B | ||
| Q2 24 | $-26.0M | $-2.8B |
总资产MASW
| Q1 26 | $5.2B | $2.9B | ||
| Q4 25 | $5.2B | $3.4B | ||
| Q3 25 | $5.3B | $3.1B | ||
| Q2 25 | $5.3B | $3.3B | ||
| Q1 25 | $5.1B | $3.4B | ||
| Q4 24 | $5.0B | $3.5B | ||
| Q3 24 | $5.3B | $3.4B | ||
| Q2 24 | $5.4B | $3.4B |
负债/权益比MASW
| 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 | — | $-52.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-106.0M |
| 自由现金流率自由现金流/营收 | — | -3.6% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $459.0M |
8季度趋势，按日历期对齐
经营现金流MASW
| Q1 26 | — | $-52.0M | ||
| Q4 25 | $418.0M | $202.0M | ||
| Q3 25 | $456.0M | $155.0M | ||
| Q2 25 | $306.0M | $273.0M | ||
| Q1 25 | $-158.0M | $-96.0M | ||
| Q4 24 | $407.0M | $162.0M | ||
| Q3 24 | $416.0M | $49.0M | ||
| Q2 24 | $346.0M | $245.0M |
自由现金流MASW
| Q1 26 | — | $-106.0M | ||
| Q4 25 | $371.0M | $177.0M | ||
| Q3 25 | $415.0M | $128.0M | ||
| Q2 25 | $270.0M | $260.0M | ||
| Q1 25 | $-190.0M | $-101.0M | ||
| Q4 24 | $351.0M | $142.0M | ||
| Q3 24 | $378.0M | $32.0M | ||
| Q2 24 | $303.0M | $222.0M |
自由现金流率MASW
| Q1 26 | — | -3.6% | ||
| Q4 25 | 20.7% | 5.3% | ||
| Q3 25 | 21.6% | 4.1% | ||
| Q2 25 | 13.2% | 7.9% | ||
| Q1 25 | -10.5% | -3.7% | ||
| Q4 24 | 19.2% | 4.5% | ||
| Q3 24 | 19.1% | 1.1% | ||
| Q2 24 | 14.5% | 7.1% |
资本支出强度MASW
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 0.7% | ||
| Q3 25 | 2.1% | 0.9% | ||
| Q2 25 | 1.8% | 0.4% | ||
| Q1 25 | 1.8% | 0.2% | ||
| Q4 24 | 3.1% | 0.6% | ||
| Q3 24 | 1.9% | 0.6% | ||
| Q2 24 | 2.1% | 0.7% |
现金转化率MASW
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 1.13× | 18.20× | ||
| Q1 25 | -0.85× | — | ||
| Q4 24 | 2.24× | — | ||
| 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
