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Masco（MAS）与Williams Companies（WMB）财务数据对比。点击上方公司名可切换其他公司
Williams Companies的季度营收约是Masco的1.7倍（$3.0B vs $1.8B），Williams Companies净利率更高（28.5% vs 9.2%，领先19.3%），Williams Companies同比增速更快（-0.6% vs -1.9%），过去两年Williams Companies的营收复合增速更高（3.2% 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。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
MAS vs WMB — 直观对比
营收规模更大
WMB
是对方的1.7倍
$1.8B
营收增速更快
WMB
高出1.3%
-1.9%
净利率更高
WMB
高出19.3%
9.2%
两年增速更快
WMB
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $3.0B |
| 净利润 | $165.0M | $864.0M |
| 毛利率 | 33.9% | — |
| 营业利润率 | 13.8% | 43.6% |
| 净利率 | 9.2% | 28.5% |
| 营收同比 | -1.9% | -0.6% |
| 净利润同比 | -9.3% | 25.1% |
| 每股收益（稀释后） | $0.81 | — |
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MASWMB
| Q1 26 | — | $3.0B | ||
| Q4 25 | $1.8B | $3.8B | ||
| Q3 25 | $1.9B | $3.5B | ||
| Q2 25 | $2.1B | $3.4B | ||
| Q1 25 | $1.8B | $4.2B | ||
| Q4 24 | $1.8B | $3.4B | ||
| Q3 24 | $2.0B | $3.0B | ||
| Q2 24 | $2.1B | $2.8B |
净利润MASWMB
| Q1 26 | — | $864.0M | ||
| Q4 25 | $165.0M | $734.0M | ||
| Q3 25 | $189.0M | $647.0M | ||
| Q2 25 | $270.0M | $546.0M | ||
| Q1 25 | $186.0M | $691.0M | ||
| Q4 24 | $182.0M | $486.0M | ||
| Q3 24 | $167.0M | $706.0M | ||
| Q2 24 | $258.0M | $401.0M |
毛利率MASWMB
| 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MASWMB
| Q1 26 | — | 43.6% | ||
| Q4 25 | 13.8% | 27.3% | ||
| Q3 25 | 15.8% | 31.8% | ||
| Q2 25 | 20.1% | 28.0% | ||
| Q1 25 | 15.9% | 26.1% | ||
| Q4 24 | 15.9% | 23.2% | ||
| Q3 24 | 18.0% | 27.6% | ||
| Q2 24 | 19.0% | 24.4% |
净利率MASWMB
| Q1 26 | — | 28.5% | ||
| Q4 25 | 9.2% | 19.1% | ||
| Q3 25 | 9.9% | 18.5% | ||
| Q2 25 | 13.2% | 16.2% | ||
| Q1 25 | 10.3% | 16.5% | ||
| Q4 24 | 10.0% | 14.2% | ||
| Q3 24 | 8.4% | 23.3% | ||
| Q2 24 | 12.3% | 14.1% |
每股收益（稀释后）MASWMB
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $0.60 | ||
| Q3 25 | $0.90 | $0.53 | ||
| Q2 25 | $1.28 | $0.45 | ||
| Q1 25 | $0.87 | $0.56 | ||
| Q4 24 | $0.85 | $0.39 | ||
| Q3 24 | $0.77 | $0.58 | ||
| Q2 24 | $1.17 | $0.33 |
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 | $950.0K |
| 总债务越低越好 | $2.9B | $30.1M |
| 股东权益账面价值 | $-185.0M | $13.0M |
| 总资产 | $5.2B | $59.6M |
| 负债/权益比越低杠杆越低 | — | 2.31× |
8季度趋势，按日历期对齐
现金及短期投资MASWMB
| Q1 26 | — | $950.0K | ||
| 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MASWMB
| Q1 26 | — | $30.1M | ||
| Q4 25 | $2.9B | $27.3B | ||
| Q3 25 | — | $25.6B | ||
| Q2 25 | — | $25.6B | ||
| Q1 25 | — | $24.1B | ||
| Q4 24 | $2.9B | $24.7B | ||
| Q3 24 | — | $24.8B | ||
| Q2 24 | — | $24.1B |
股东权益MASWMB
| Q1 26 | — | $13.0M | ||
| Q4 25 | $-185.0M | $12.8B | ||
| Q3 25 | $-78.0M | $12.5B | ||
| Q2 25 | $-84.0M | $12.4B | ||
| Q1 25 | $-254.0M | $12.5B | ||
| Q4 24 | $-279.0M | $12.4B | ||
| Q3 24 | $-88.0M | $12.4B | ||
| Q2 24 | $-26.0M | $12.3B |
总资产MASWMB
| Q1 26 | — | $59.6M | ||
| Q4 25 | $5.2B | $58.6B | ||
| Q3 25 | $5.3B | $55.7B | ||
| Q2 25 | $5.3B | $56.1B | ||
| Q1 25 | $5.1B | $54.9B | ||
| Q4 24 | $5.0B | $54.5B | ||
| Q3 24 | $5.3B | $53.8B | ||
| Q2 24 | $5.4B | $52.4B |
负债/权益比MASWMB
| Q1 26 | — | 2.31× | ||
| Q4 25 | — | 2.13× | ||
| Q3 25 | — | 2.04× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | 2.00× | ||
| Q2 24 | — | 1.96× |
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 | $6.3B |
| 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% | 44.9% |
| 现金转化率经营现金流/净利润 | 2.53× | 7.31× |
| 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MASWMB
| Q1 26 | — | $6.3B | ||
| Q4 25 | $418.0M | $1.6B | ||
| Q3 25 | $456.0M | $1.4B | ||
| Q2 25 | $306.0M | $1.4B | ||
| Q1 25 | $-158.0M | $1.4B | ||
| Q4 24 | $407.0M | $1.2B | ||
| Q3 24 | $416.0M | $1.2B | ||
| Q2 24 | $346.0M | $1.3B |
自由现金流MASWMB
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $-379.0M | ||
| Q3 25 | $415.0M | $485.0M | ||
| Q2 25 | $270.0M | $478.0M | ||
| Q1 25 | $-190.0M | $421.0M | ||
| Q4 24 | $351.0M | $450.0M | ||
| Q3 24 | $378.0M | $561.0M | ||
| Q2 24 | $303.0M | $700.0M |
自由现金流率MASWMB
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | -9.9% | ||
| Q3 25 | 21.6% | 13.9% | ||
| Q2 25 | 13.2% | 14.2% | ||
| Q1 25 | -10.5% | 10.1% | ||
| Q4 24 | 19.2% | 13.2% | ||
| Q3 24 | 19.1% | 18.5% | ||
| Q2 24 | 14.5% | 24.6% |
资本支出强度MASWMB
| Q1 26 | — | 44.9% | ||
| Q4 25 | 2.6% | 50.9% | ||
| Q3 25 | 2.1% | 27.3% | ||
| Q2 25 | 1.8% | 28.8% | ||
| Q1 25 | 1.8% | 24.2% | ||
| Q4 24 | 3.1% | 22.5% | ||
| Q3 24 | 1.9% | 22.5% | ||
| Q2 24 | 2.1% | 20.3% |
现金转化率MASWMB
| Q1 26 | — | 7.31× | ||
| Q4 25 | 2.53× | 2.15× | ||
| Q3 25 | 2.41× | 2.22× | ||
| Q2 25 | 1.13× | 2.66× | ||
| Q1 25 | -0.85× | 2.07× | ||
| Q4 24 | 2.24× | 2.51× | ||
| Q3 24 | 2.49× | 1.76× | ||
| Q2 24 | 1.34× | 3.19× |
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% |
WMB
| Service revenues | $2.2B | 73% |
| Other | $778.0M | 26% |
| Service revenues - commodity consideration | $46.0M | 2% |
