vs
Masco（MAS）与斑马技术（ZBRA）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是斑马技术的1.3倍（$1.9B vs $1.5B），Masco净利率更高（11.9% vs 4.7%，领先7.1%），斑马技术同比增速更快（10.6% vs 6.5%），过去两年斑马技术的营收复合增速更高（12.0% 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。
斑马技术（Zebra Technologies）是源自美国的跨国科技企业，专注于智能数据采集系统领域的研发与落地。公司总部位于芝加哥郊外的伊利诺伊州林肯郡，目前在全球57个国家和地区开展业务，雇员总数达10700名。
MAS vs ZBRA — 直观对比
营收规模更大
MAS
是对方的1.3倍
$1.5B
营收增速更快
ZBRA
高出4.1%
6.5%
净利率更高
MAS
高出7.1%
4.7%
两年增速更快
ZBRA
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.5B |
| 净利润 | $228.0M | $70.0M |
| 毛利率 | 35.8% | 47.3% |
| 营业利润率 | 16.5% | 9.4% |
| 净利率 | 11.9% | 4.7% |
| 营收同比 | 6.5% | 10.6% |
| 净利润同比 | 14.5% | -57.1% |
| 每股收益（稀释后） | — | $1.40 |
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MASZBRA
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $2.1B | $1.2B |
净利润MASZBRA
| Q1 26 | $228.0M | — | ||
| Q4 25 | $165.0M | $70.0M | ||
| Q3 25 | $189.0M | $101.0M | ||
| Q2 25 | $270.0M | $112.0M | ||
| Q1 25 | $186.0M | $136.0M | ||
| Q4 24 | $182.0M | $163.0M | ||
| Q3 24 | $167.0M | $137.0M | ||
| Q2 24 | $258.0M | $113.0M |
毛利率MASZBRA
| Q1 26 | 35.8% | — | ||
| Q4 25 | 33.9% | 47.3% | ||
| Q3 25 | 34.2% | 48.0% | ||
| Q2 25 | 37.6% | 47.6% | ||
| Q1 25 | 35.8% | 49.3% | ||
| Q4 24 | 34.8% | 48.6% | ||
| Q3 24 | 36.6% | 48.8% | ||
| Q2 24 | 37.5% | 48.4% |
营业利润率MASZBRA
| Q1 26 | 16.5% | — | ||
| Q4 25 | 13.8% | 9.4% | ||
| Q3 25 | 15.8% | 13.9% | ||
| Q2 25 | 20.1% | 14.2% | ||
| Q1 25 | 15.9% | 14.9% | ||
| Q4 24 | 15.9% | 16.9% | ||
| Q3 24 | 18.0% | 15.2% | ||
| Q2 24 | 19.0% | 13.7% |
净利率MASZBRA
| Q1 26 | 11.9% | — | ||
| Q4 25 | 9.2% | 4.7% | ||
| Q3 25 | 9.9% | 7.7% | ||
| Q2 25 | 13.2% | 8.7% | ||
| Q1 25 | 10.3% | 10.4% | ||
| Q4 24 | 10.0% | 12.2% | ||
| Q3 24 | 8.4% | 10.9% | ||
| Q2 24 | 12.3% | 9.3% |
每股收益（稀释后）MASZBRA
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $1.40 | ||
| Q3 25 | $0.90 | $1.97 | ||
| Q2 25 | $1.28 | $2.19 | ||
| Q1 25 | $0.87 | $2.62 | ||
| Q4 24 | $0.85 | $3.14 | ||
| Q3 24 | $0.77 | $2.64 | ||
| Q2 24 | $1.17 | $2.17 |
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 | — | $125.0M |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $27.0M | $3.6B |
| 总资产 | $5.2B | $8.5B |
| 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MASZBRA
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | $125.0M | ||
| Q3 25 | $559.0M | $1.1B | ||
| Q2 25 | $390.0M | $872.0M | ||
| Q1 25 | $377.0M | $879.0M | ||
| Q4 24 | $634.0M | $901.0M | ||
| Q3 24 | $646.0M | $676.0M | ||
| Q2 24 | $398.0M | $411.0M |
总债务MASZBRA
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
股东权益MASZBRA
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $3.6B | ||
| Q3 25 | $-78.0M | $3.7B | ||
| Q2 25 | $-84.0M | $3.6B | ||
| Q1 25 | $-254.0M | $3.6B | ||
| Q4 24 | $-279.0M | $3.6B | ||
| Q3 24 | $-88.0M | $3.4B | ||
| Q2 24 | $-26.0M | $3.3B |
总资产MASZBRA
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $8.5B | ||
| Q3 25 | $5.3B | $8.1B | ||
| Q2 25 | $5.3B | $7.9B | ||
| Q1 25 | $5.1B | $7.9B | ||
| Q4 24 | $5.0B | $8.0B | ||
| Q3 24 | $5.3B | $7.7B | ||
| Q2 24 | $5.4B | $7.5B |
负债/权益比MASZBRA
| Q1 26 | 109.07× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.58× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.66× |
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 | — | $357.0M |
| 自由现金流经营现金流 - 资本支出 | — | $327.0M |
| 自由现金流率自由现金流/营收 | — | 22.2% |
| 资本支出强度资本支出/营收 | 1.8% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 5.10× |
| 过去12个月自由现金流最近4个季度 | — | $831.0M |
8季度趋势，按日历期对齐
经营现金流MASZBRA
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $357.0M | ||
| Q3 25 | $456.0M | $235.0M | ||
| Q2 25 | $306.0M | $147.0M | ||
| Q1 25 | $-158.0M | $178.0M | ||
| Q4 24 | $407.0M | $306.0M | ||
| Q3 24 | $416.0M | $294.0M | ||
| Q2 24 | $346.0M | $288.0M |
自由现金流MASZBRA
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $327.0M | ||
| Q3 25 | $415.0M | $216.0M | ||
| Q2 25 | $270.0M | $130.0M | ||
| Q1 25 | $-190.0M | $158.0M | ||
| Q4 24 | $351.0M | $288.0M | ||
| Q3 24 | $378.0M | $277.0M | ||
| Q2 24 | $303.0M | $278.0M |
自由现金流率MASZBRA
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 22.2% | ||
| Q3 25 | 21.6% | 16.4% | ||
| Q2 25 | 13.2% | 10.1% | ||
| Q1 25 | -10.5% | 12.1% | ||
| Q4 24 | 19.2% | 21.6% | ||
| Q3 24 | 19.1% | 22.1% | ||
| Q2 24 | 14.5% | 22.8% |
资本支出强度MASZBRA
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 2.0% | ||
| Q3 25 | 2.1% | 1.4% | ||
| Q2 25 | 1.8% | 1.3% | ||
| Q1 25 | 1.8% | 1.5% | ||
| Q4 24 | 3.1% | 1.3% | ||
| Q3 24 | 1.9% | 1.4% | ||
| Q2 24 | 2.1% | 0.8% |
现金转化率MASZBRA
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 5.10× | ||
| Q3 25 | 2.41× | 2.33× | ||
| Q2 25 | 1.13× | 1.31× | ||
| Q1 25 | -0.85× | 1.31× | ||
| Q4 24 | 2.24× | 1.88× | ||
| Q3 24 | 2.49× | 2.15× | ||
| Q2 24 | 1.34× | 2.55× |
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
ZBRA
| Tangible Products | $1.2B | 83% |
| Service And Software | $255.0M | 17% |
