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Masco（MAS）与捷迈邦美（ZBH）财务数据对比。点击上方公司名可切换其他公司
捷迈邦美的季度营收约是Masco的1.1倍（$2.1B vs $1.9B），Masco净利率更高（11.9% vs 11.4%，领先0.5%），捷迈邦美同比增速更快（9.3% vs 6.5%），过去两年捷迈邦美的营收复合增速更高（3.7% 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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
MAS vs ZBH — 直观对比
营收规模更大
ZBH
是对方的1.1倍
$1.9B
营收增速更快
ZBH
高出2.8%
6.5%
净利率更高
MAS
高出0.5%
11.4%
两年增速更快
ZBH
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.1B |
| 净利润 | $228.0M | $238.3M |
| 毛利率 | 35.8% | 64.6% |
| 营业利润率 | 16.5% | 17.9% |
| 净利率 | 11.9% | 11.4% |
| 营收同比 | 6.5% | 9.3% |
| 净利润同比 | 14.5% | 30.5% |
| 每股收益（稀释后） | — | $1.22 |
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MASZBH
| Q1 26 | $1.9B | $2.1B | ||
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | $1.9B | $2.0B | ||
| Q2 25 | $2.1B | $2.1B | ||
| Q1 25 | $1.8B | $1.9B | ||
| Q4 24 | $1.8B | $2.0B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $2.1B | $1.9B |
净利润MASZBH
| Q1 26 | $228.0M | $238.3M | ||
| Q4 25 | $165.0M | $139.4M | ||
| Q3 25 | $189.0M | $230.9M | ||
| Q2 25 | $270.0M | $152.8M | ||
| Q1 25 | $186.0M | $182.0M | ||
| Q4 24 | $182.0M | $239.5M | ||
| Q3 24 | $167.0M | $249.1M | ||
| Q2 24 | $258.0M | $242.8M |
毛利率MASZBH
| Q1 26 | 35.8% | 64.6% | ||
| Q4 25 | 33.9% | 64.7% | ||
| Q3 25 | 34.2% | 72.1% | ||
| Q2 25 | 37.6% | 71.5% | ||
| Q1 25 | 35.8% | 71.2% | ||
| Q4 24 | 34.8% | 71.0% | ||
| Q3 24 | 36.6% | 70.5% | ||
| Q2 24 | 37.5% | 71.5% |
营业利润率MASZBH
| Q1 26 | 16.5% | 17.9% | ||
| Q4 25 | 13.8% | 6.9% | ||
| Q3 25 | 15.8% | 17.6% | ||
| Q2 25 | 20.1% | 14.4% | ||
| Q1 25 | 15.9% | 15.3% | ||
| Q4 24 | 15.9% | 19.2% | ||
| Q3 24 | 18.0% | 15.3% | ||
| Q2 24 | 19.0% | 18.1% |
净利率MASZBH
| Q1 26 | 11.9% | 11.4% | ||
| Q4 25 | 9.2% | 6.2% | ||
| Q3 25 | 9.9% | 11.5% | ||
| Q2 25 | 13.2% | 7.4% | ||
| Q1 25 | 10.3% | 9.5% | ||
| Q4 24 | 10.0% | 11.8% | ||
| Q3 24 | 8.4% | 13.7% | ||
| Q2 24 | 12.3% | 12.5% |
每股收益（稀释后）MASZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | $0.81 | $0.71 | ||
| Q3 25 | $0.90 | $1.16 | ||
| Q2 25 | $1.28 | $0.77 | ||
| Q1 25 | $0.87 | $0.91 | ||
| Q4 24 | $0.85 | $1.18 | ||
| Q3 24 | $0.77 | $1.23 | ||
| Q2 24 | $1.17 | $1.18 |
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 | — | $424.2M |
| 总债务越低越好 | $2.9B | $7.5B |
| 股东权益账面价值 | $27.0M | $12.7B |
| 总资产 | $5.2B | $22.7B |
| 负债/权益比越低杠杆越低 | 109.07× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资MASZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | $647.0M | $591.9M | ||
| Q3 25 | $559.0M | $1.3B | ||
| Q2 25 | $390.0M | $556.9M | ||
| Q1 25 | $377.0M | $1.4B | ||
| Q4 24 | $634.0M | $525.5M | ||
| Q3 24 | $646.0M | $569.0M | ||
| Q2 24 | $398.0M | $420.1M |
总债务MASZBH
| Q1 26 | $2.9B | $7.5B | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MASZBH
| Q1 26 | $27.0M | $12.7B | ||
| Q4 25 | $-185.0M | $12.7B | ||
| Q3 25 | $-78.0M | $12.8B | ||
| Q2 25 | $-84.0M | $12.5B | ||
| Q1 25 | $-254.0M | $12.4B | ||
| Q4 24 | $-279.0M | $12.5B | ||
| Q3 24 | $-88.0M | $12.4B | ||
| Q2 24 | $-26.0M | $12.7B |
总资产MASZBH
| Q1 26 | $5.2B | $22.7B | ||
| Q4 25 | $5.2B | $23.1B | ||
| Q3 25 | $5.3B | $23.5B | ||
| Q2 25 | $5.3B | $22.9B | ||
| Q1 25 | $5.1B | $22.2B | ||
| Q4 24 | $5.0B | $21.4B | ||
| Q3 24 | $5.3B | $21.7B | ||
| Q2 24 | $5.4B | $21.5B |
负债/权益比MASZBH
| Q1 26 | 109.07× | 0.59× | ||
| 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 | — | $359.4M |
| 自由现金流经营现金流 - 资本支出 | — | $245.9M |
| 自由现金流率自由现金流/营收 | — | 11.8% |
| 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 | — | 1.51× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流MASZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $418.0M | $517.4M | ||
| Q3 25 | $456.0M | $418.7M | ||
| Q2 25 | $306.0M | $378.2M | ||
| Q1 25 | $-158.0M | $382.8M | ||
| Q4 24 | $407.0M | $506.3M | ||
| Q3 24 | $416.0M | $395.7M | ||
| Q2 24 | $346.0M | $369.4M |
自由现金流MASZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $371.0M | $442.6M | ||
| Q3 25 | $415.0M | $363.7M | ||
| Q2 25 | $270.0M | $328.1M | ||
| Q1 25 | $-190.0M | $338.2M | ||
| Q4 24 | $351.0M | $454.8M | ||
| Q3 24 | $378.0M | $351.2M | ||
| Q2 24 | $303.0M | $316.7M |
自由现金流率MASZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | 20.7% | 19.7% | ||
| Q3 25 | 21.6% | 18.2% | ||
| Q2 25 | 13.2% | 15.8% | ||
| Q1 25 | -10.5% | 17.7% | ||
| Q4 24 | 19.2% | 22.5% | ||
| Q3 24 | 19.1% | 19.3% | ||
| Q2 24 | 14.5% | 16.3% |
资本支出强度MASZBH
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 3.3% | ||
| Q3 25 | 2.1% | 2.7% | ||
| Q2 25 | 1.8% | 2.4% | ||
| Q1 25 | 1.8% | 2.3% | ||
| Q4 24 | 3.1% | 2.5% | ||
| Q3 24 | 1.9% | 2.4% | ||
| Q2 24 | 2.1% | 2.7% |
现金转化率MASZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | 2.53× | 3.71× | ||
| Q3 25 | 2.41× | 1.81× | ||
| Q2 25 | 1.13× | 2.48× | ||
| Q1 25 | -0.85× | 2.10× | ||
| Q4 24 | 2.24× | 2.11× | ||
| Q3 24 | 2.49× | 1.59× | ||
| Q2 24 | 1.34× | 1.52× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
