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Masco（MAS）与惠好（WY）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是惠好的1.0倍（$1.8B vs $1.7B），Masco净利率更高（9.2% vs 9.0%，领先0.2%），惠好同比增速更快（12.1% vs -1.9%），过去两年Masco的营收复合增速更高（-3.5% vs -5.6%）
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。
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
MAS vs WY — 直观对比
营收规模更大
MAS
是对方的1.0倍
$1.7B
营收增速更快
WY
高出14.0%
-1.9%
净利率更高
MAS
高出0.2%
9.0%
两年增速更快
MAS
近两年复合增速
-5.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.7B |
| 净利润 | $165.0M | $156.0M |
| 毛利率 | 33.9% | — |
| 营业利润率 | 13.8% | 14.3% |
| 净利率 | 9.2% | 9.0% |
| 营收同比 | -1.9% | 12.1% |
| 净利润同比 | -9.3% | 110.8% |
| 每股收益（稀释后） | $0.81 | $0.22 |
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MASWY
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $2.1B | $1.9B | ||
| Q1 25 | $1.8B | $1.8B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $2.1B | $1.9B |
净利润MASWY
| Q1 26 | — | $156.0M | ||
| Q4 25 | $165.0M | $74.0M | ||
| Q3 25 | $189.0M | $80.0M | ||
| Q2 25 | $270.0M | $87.0M | ||
| Q1 25 | $186.0M | $83.0M | ||
| Q4 24 | $182.0M | $81.0M | ||
| Q3 24 | $167.0M | $28.0M | ||
| Q2 24 | $258.0M | $173.0M |
毛利率MASWY
| Q1 26 | — | — | ||
| Q4 25 | 33.9% | 10.4% | ||
| Q3 25 | 34.2% | 11.9% | ||
| Q2 25 | 37.6% | 17.3% | ||
| Q1 25 | 35.8% | 19.0% | ||
| Q4 24 | 34.8% | 17.8% | ||
| Q3 24 | 36.6% | 14.9% | ||
| Q2 24 | 37.5% | 20.8% |
营业利润率MASWY
| Q1 26 | — | 14.3% | ||
| Q4 25 | 13.8% | 16.3% | ||
| Q3 25 | 15.8% | 7.2% | ||
| Q2 25 | 20.1% | 9.4% | ||
| Q1 25 | 15.9% | 10.2% | ||
| Q4 24 | 15.9% | 8.3% | ||
| Q3 24 | 18.0% | 4.6% | ||
| Q2 24 | 19.0% | 13.9% |
净利率MASWY
| Q1 26 | — | 9.0% | ||
| Q4 25 | 9.2% | 4.8% | ||
| Q3 25 | 9.9% | 4.7% | ||
| Q2 25 | 13.2% | 4.6% | ||
| Q1 25 | 10.3% | 4.7% | ||
| Q4 24 | 10.0% | 4.7% | ||
| Q3 24 | 8.4% | 1.7% | ||
| Q2 24 | 12.3% | 8.9% |
每股收益（稀释后）MASWY
| Q1 26 | — | $0.22 | ||
| Q4 25 | $0.81 | $0.11 | ||
| Q3 25 | $0.90 | $0.11 | ||
| Q2 25 | $1.28 | $0.12 | ||
| Q1 25 | $0.87 | $0.11 | ||
| Q4 24 | $0.85 | $0.10 | ||
| Q3 24 | $0.77 | $0.04 | ||
| Q2 24 | $1.17 | $0.24 |
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 | $299.0M |
| 总债务越低越好 | $2.9B | $372.0M |
| 股东权益账面价值 | $-185.0M | $9.4B |
| 总资产 | $5.2B | $16.4B |
| 负债/权益比越低杠杆越低 | — | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资MASWY
| Q1 26 | — | $299.0M | ||
| Q4 25 | $647.0M | $464.0M | ||
| Q3 25 | $559.0M | $401.0M | ||
| Q2 25 | $390.0M | $592.0M | ||
| Q1 25 | $377.0M | $560.0M | ||
| Q4 24 | $634.0M | $684.0M | ||
| Q3 24 | $646.0M | $877.0M | ||
| Q2 24 | $398.0M | $997.0M |
总债务MASWY
| Q1 26 | — | $372.0M | ||
| Q4 25 | $2.9B | $5.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MASWY
| Q1 26 | — | $9.4B | ||
| Q4 25 | $-185.0M | $9.4B | ||
| Q3 25 | $-78.0M | $9.4B | ||
| Q2 25 | $-84.0M | $9.5B | ||
| Q1 25 | $-254.0M | $9.6B | ||
| Q4 24 | $-279.0M | $9.7B | ||
| Q3 24 | $-88.0M | $9.9B | ||
| Q2 24 | $-26.0M | $10.0B |
总资产MASWY
| Q1 26 | — | $16.4B | ||
| Q4 25 | $5.2B | $16.6B | ||
| Q3 25 | $5.3B | $16.7B | ||
| Q2 25 | $5.3B | $16.5B | ||
| Q1 25 | $5.1B | $16.5B | ||
| Q4 24 | $5.0B | $16.5B | ||
| Q3 24 | $5.3B | $16.7B | ||
| Q2 24 | $5.4B | $16.8B |
负债/权益比MASWY
| Q1 26 | — | 0.04× | ||
| Q4 25 | — | 0.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.52× | ||
| 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 | $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% | 0.0% |
| 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MASWY
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $-114.0M | ||
| Q3 25 | $456.0M | $210.0M | ||
| Q2 25 | $306.0M | $396.0M | ||
| Q1 25 | $-158.0M | $70.0M | ||
| Q4 24 | $407.0M | $218.0M | ||
| Q3 24 | $416.0M | $234.0M | ||
| Q2 24 | $346.0M | $432.0M |
自由现金流MASWY
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $-128.0M | ||
| Q3 25 | $415.0M | $203.0M | ||
| Q2 25 | $270.0M | $388.0M | ||
| Q1 25 | $-190.0M | $48.0M | ||
| Q4 24 | $351.0M | $205.0M | ||
| Q3 24 | $378.0M | $226.0M | ||
| Q2 24 | $303.0M | $423.0M |
自由现金流率MASWY
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | -8.3% | ||
| Q3 25 | 21.6% | 11.8% | ||
| Q2 25 | 13.2% | 20.6% | ||
| Q1 25 | -10.5% | 2.7% | ||
| Q4 24 | 19.2% | 12.0% | ||
| Q3 24 | 19.1% | 13.4% | ||
| Q2 24 | 14.5% | 21.8% |
资本支出强度MASWY
| Q1 26 | — | 0.0% | ||
| Q4 25 | 2.6% | 0.9% | ||
| Q3 25 | 2.1% | 0.4% | ||
| Q2 25 | 1.8% | 0.4% | ||
| Q1 25 | 1.8% | 1.2% | ||
| Q4 24 | 3.1% | 0.8% | ||
| Q3 24 | 1.9% | 0.5% | ||
| Q2 24 | 2.1% | 0.5% |
现金转化率MASWY
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | -1.54× | ||
| Q3 25 | 2.41× | 2.63× | ||
| Q2 25 | 1.13× | 4.55× | ||
| Q1 25 | -0.85× | 0.84× | ||
| Q4 24 | 2.24× | 2.69× | ||
| Q3 24 | 2.49× | 8.36× | ||
| Q2 24 | 1.34× | 2.50× |
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% |
WY
暂无分部数据
