vs
Masco（MAS）与永利度假村（WYNN）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是永利度假村的1.0倍（$1.9B vs $1.9B），Masco净利率更高（11.9% vs 5.4%，领先6.5%），Masco同比增速更快（6.5% vs 1.5%），过去两年永利度假村的营收复合增速更高（0.1% 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。
永利度假村是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店及博彩度假村的开发与运营。公司2002年由前梦幻度假村董事长兼首席执行官史蒂夫·永利创立，现任首席执行官为克雷格·比林斯，截至2020年已在全球布局6处优质物业。
MAS vs WYNN — 直观对比
营收规模更大
MAS
是对方的1.0倍
$1.9B
营收增速更快
MAS
高出5.0%
1.5%
净利率更高
MAS
高出6.5%
5.4%
两年增速更快
WYNN
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.9B |
| 净利润 | $228.0M | $100.0M |
| 毛利率 | 35.8% | — |
| 营业利润率 | 16.5% | 14.7% |
| 净利率 | 11.9% | 5.4% |
| 营收同比 | 6.5% | 1.5% |
| 净利润同比 | 14.5% | -63.9% |
| 每股收益（稀释后） | — | $0.96 |
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MASWYNN
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $1.9B | ||
| Q3 25 | $1.9B | $1.8B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $1.8B | $1.7B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $2.1B | $1.7B |
净利润MASWYNN
| Q1 26 | $228.0M | — | ||
| Q4 25 | $165.0M | $100.0M | ||
| Q3 25 | $189.0M | $88.3M | ||
| Q2 25 | $270.0M | $66.2M | ||
| Q1 25 | $186.0M | $72.7M | ||
| Q4 24 | $182.0M | $277.0M | ||
| Q3 24 | $167.0M | $-32.1M | ||
| Q2 24 | $258.0M | $111.9M |
毛利率MASWYNN
| Q1 26 | 35.8% | — | ||
| 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MASWYNN
| Q1 26 | 16.5% | — | ||
| Q4 25 | 13.8% | 14.7% | ||
| Q3 25 | 15.8% | 16.9% | ||
| Q2 25 | 20.1% | 15.2% | ||
| Q1 25 | 15.9% | 15.8% | ||
| Q4 24 | 15.9% | 20.0% | ||
| Q3 24 | 18.0% | 7.9% | ||
| Q2 24 | 19.0% | 15.6% |
净利率MASWYNN
| Q1 26 | 11.9% | — | ||
| Q4 25 | 9.2% | 5.4% | ||
| Q3 25 | 9.9% | 4.8% | ||
| Q2 25 | 13.2% | 3.8% | ||
| Q1 25 | 10.3% | 4.3% | ||
| Q4 24 | 10.0% | 15.1% | ||
| Q3 24 | 8.4% | -1.9% | ||
| Q2 24 | 12.3% | 6.5% |
每股收益（稀释后）MASWYNN
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $0.96 | ||
| Q3 25 | $0.90 | $0.85 | ||
| Q2 25 | $1.28 | $0.64 | ||
| Q1 25 | $0.87 | $0.69 | ||
| Q4 24 | $0.85 | $2.43 | ||
| Q3 24 | $0.77 | $-0.29 | ||
| Q2 24 | $1.17 | $0.91 |
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 | — | $1.5B |
| 总债务越低越好 | $2.9B | $10.5B |
| 股东权益账面价值 | $27.0M | $-275.5M |
| 总资产 | $5.2B | $13.1B |
| 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MASWYNN
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | $1.5B | ||
| Q3 25 | $559.0M | $1.5B | ||
| Q2 25 | $390.0M | $2.0B | ||
| Q1 25 | $377.0M | $2.1B | ||
| Q4 24 | $634.0M | $2.4B | ||
| Q3 24 | $646.0M | $2.4B | ||
| Q2 24 | $398.0M | $2.4B |
总债务MASWYNN
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $10.5B | ||
| Q3 25 | — | $10.6B | ||
| Q2 25 | — | $10.5B | ||
| Q1 25 | — | $10.6B | ||
| Q4 24 | $2.9B | $10.5B | ||
| Q3 24 | — | $11.8B | ||
| Q2 24 | — | $11.0B |
股东权益MASWYNN
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $-275.5M | ||
| Q3 25 | $-78.0M | $-370.0M | ||
| Q2 25 | $-84.0M | $-441.5M | ||
| Q1 25 | $-254.0M | $-360.7M | ||
| Q4 24 | $-279.0M | $-224.2M | ||
| Q3 24 | $-88.0M | $-281.4M | ||
| Q2 24 | $-26.0M | $-109.8M |
总资产MASWYNN
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $13.1B | ||
| Q3 25 | $5.3B | $12.8B | ||
| Q2 25 | $5.3B | $12.7B | ||
| Q1 25 | $5.1B | $12.7B | ||
| Q4 24 | $5.0B | $13.0B | ||
| Q3 24 | $5.3B | $14.1B | ||
| Q2 24 | $5.4B | $13.3B |
负债/权益比MASWYNN
| 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 | — | $478.0M |
| 自由现金流经营现金流 - 资本支出 | — | $306.8M |
| 自由现金流率自由现金流/营收 | — | 16.4% |
| 资本支出强度资本支出/营收 | 1.8% | 9.2% |
| 现金转化率经营现金流/净利润 | — | 4.78× |
| 过去12个月自由现金流最近4个季度 | — | $692.2M |
8季度趋势，按日历期对齐
经营现金流MASWYNN
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $478.0M | ||
| Q3 25 | $456.0M | $335.8M | ||
| Q2 25 | $306.0M | $405.1M | ||
| Q1 25 | $-158.0M | $133.8M | ||
| Q4 24 | $407.0M | $479.0M | ||
| Q3 24 | $416.0M | $279.3M | ||
| Q2 24 | $346.0M | $352.8M |
自由现金流MASWYNN
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $306.8M | ||
| Q3 25 | $415.0M | $171.8M | ||
| Q2 25 | $270.0M | $239.8M | ||
| Q1 25 | $-190.0M | $-26.2M | ||
| Q4 24 | $351.0M | $351.8M | ||
| Q3 24 | $378.0M | $178.0M | ||
| Q2 24 | $303.0M | $259.1M |
自由现金流率MASWYNN
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 16.4% | ||
| Q3 25 | 21.6% | 9.4% | ||
| Q2 25 | 13.2% | 13.8% | ||
| Q1 25 | -10.5% | -1.5% | ||
| Q4 24 | 19.2% | 19.1% | ||
| Q3 24 | 19.1% | 10.5% | ||
| Q2 24 | 14.5% | 15.0% |
资本支出强度MASWYNN
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 9.2% | ||
| Q3 25 | 2.1% | 8.9% | ||
| Q2 25 | 1.8% | 9.5% | ||
| Q1 25 | 1.8% | 9.4% | ||
| Q4 24 | 3.1% | 6.9% | ||
| Q3 24 | 1.9% | 6.0% | ||
| Q2 24 | 2.1% | 5.4% |
现金转化率MASWYNN
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 4.78× | ||
| Q3 25 | 2.41× | 3.80× | ||
| Q2 25 | 1.13× | 6.12× | ||
| Q1 25 | -0.85× | 1.84× | ||
| Q4 24 | 2.24× | 1.73× | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 1.34× | 3.15× |
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
暂无分部数据
WYNN
| Casino | $1.1B | 61% |
| Occupancy | $305.1M | 16% |
| Food And Beverage | $264.9M | 14% |
| Entertainment Retail And Other | $152.6M | 8% |
