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Masco（MAS）与Zoom Communications, Inc.（ZM）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Zoom Communications, Inc.的1.5倍（$1.8B vs $1.2B），Zoom Communications, Inc.净利率更高（49.8% vs 9.2%，领先40.6%），Zoom Communications, Inc.同比增速更快（4.4% vs -1.9%），Zoom Communications, Inc.自由现金流更多（$614.3M vs $371.0M），过去两年Zoom Communications, Inc.的营收复合增速更高（3.6% 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。
Zoom是总部位于美国加利福尼亚州圣何塞的通信技术企业，旗下核心产品Zoom视频会议软件全球普及度极高，可为企业及个人用户提供高清稳定的远程音视频沟通、线上会议、协同办公等一站式数字化协作解决方案。
MAS vs ZM — 直观对比
营收规模更大
MAS
是对方的1.5倍
$1.2B
营收增速更快
ZM
高出6.4%
-1.9%
净利率更高
ZM
高出40.6%
9.2%
自由现金流更多
ZM
多$243.3M
$371.0M
两年增速更快
ZM
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $165.0M | $612.9M |
| 毛利率 | 33.9% | 77.9% |
| 营业利润率 | 13.8% | 25.2% |
| 净利率 | 9.2% | 49.8% |
| 营收同比 | -1.9% | 4.4% |
| 净利润同比 | -9.3% | 196.0% |
| 每股收益（稀释后） | $0.81 | $2.01 |
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MASZM
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $1.8B | $1.2B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $2.1B | $1.1B | ||
| Q1 24 | $1.9B | $1.1B |
净利润MASZM
| Q4 25 | $165.0M | $612.9M | ||
| Q3 25 | $189.0M | $358.6M | ||
| Q2 25 | $270.0M | $254.6M | ||
| Q1 25 | $186.0M | $367.9M | ||
| Q4 24 | $182.0M | $207.1M | ||
| Q3 24 | $167.0M | $219.0M | ||
| Q2 24 | $258.0M | $216.3M | ||
| Q1 24 | $215.0M | $298.8M |
毛利率MASZM
| Q4 25 | 33.9% | 77.9% | ||
| Q3 25 | 34.2% | 77.6% | ||
| Q2 25 | 37.6% | 76.3% | ||
| Q1 25 | 35.8% | 75.7% | ||
| Q4 24 | 34.8% | 75.9% | ||
| Q3 24 | 36.6% | 75.5% | ||
| Q2 24 | 37.5% | 76.1% | ||
| Q1 24 | 35.6% | 75.9% |
营业利润率MASZM
| Q4 25 | 13.8% | 25.2% | ||
| Q3 25 | 15.8% | 26.4% | ||
| Q2 25 | 20.1% | 20.6% | ||
| Q1 25 | 15.9% | 19.0% | ||
| Q4 24 | 15.9% | 15.5% | ||
| Q3 24 | 18.0% | 17.4% | ||
| Q2 24 | 19.0% | 17.8% | ||
| Q1 24 | 16.5% | 14.7% |
净利率MASZM
| Q4 25 | 9.2% | 49.8% | ||
| Q3 25 | 9.9% | 29.5% | ||
| Q2 25 | 13.2% | 21.7% | ||
| Q1 25 | 10.3% | 31.1% | ||
| Q4 24 | 10.0% | 17.6% | ||
| Q3 24 | 8.4% | 18.8% | ||
| Q2 24 | 12.3% | 19.0% | ||
| Q1 24 | 11.2% | 26.1% |
每股收益（稀释后）MASZM
| Q4 25 | $0.81 | $2.01 | ||
| Q3 25 | $0.90 | $1.16 | ||
| Q2 25 | $1.28 | $0.81 | ||
| Q1 25 | $0.87 | $1.16 | ||
| Q4 24 | $0.85 | $0.66 | ||
| Q3 24 | $0.77 | $0.70 | ||
| Q2 24 | $1.17 | $0.69 | ||
| Q1 24 | $0.97 | $0.98 |
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 | $1.2B |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $-185.0M | $9.3B |
| 总资产 | $5.2B | $11.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MASZM
| Q4 25 | $647.0M | $1.2B | ||
| Q3 25 | $559.0M | $1.2B | ||
| Q2 25 | $390.0M | $1.2B | ||
| Q1 25 | $377.0M | $1.3B | ||
| Q4 24 | $634.0M | $1.3B | ||
| Q3 24 | $646.0M | $1.5B | ||
| Q2 24 | $398.0M | $1.9B | ||
| Q1 24 | $368.0M | $1.6B |
总债务MASZM
| Q4 25 | $2.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MASZM
| Q4 25 | $-185.0M | $9.3B | ||
| Q3 25 | $-78.0M | $9.0B | ||
| Q2 25 | $-84.0M | $8.9B | ||
| Q1 25 | $-254.0M | $8.9B | ||
| Q4 24 | $-279.0M | $8.7B | ||
| Q3 24 | $-88.0M | $8.5B | ||
| Q2 24 | $-26.0M | $8.3B | ||
| Q1 24 | $-75.0M | $8.0B |
总资产MASZM
| Q4 25 | $5.2B | $11.4B | ||
| Q3 25 | $5.3B | $11.0B | ||
| Q2 25 | $5.3B | $11.0B | ||
| Q1 25 | $5.1B | $11.0B | ||
| Q4 24 | $5.0B | $10.7B | ||
| Q3 24 | $5.3B | $10.5B | ||
| Q2 24 | $5.4B | $10.3B | ||
| Q1 24 | $5.3B | $9.9B |
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 | $629.3M |
| 自由现金流经营现金流 - 资本支出 | $371.0M | $614.3M |
| 自由现金流率自由现金流/营收 | 20.7% | 50.0% |
| 资本支出强度资本支出/营收 | 2.6% | 1.2% |
| 现金转化率经营现金流/净利润 | 2.53× | 1.03× |
| 过去12个月自由现金流最近4个季度 | $866.0M | $2.0B |
8季度趋势，按日历期对齐
经营现金流MASZM
| Q4 25 | $418.0M | $629.3M | ||
| Q3 25 | $456.0M | $515.9M | ||
| Q2 25 | $306.0M | $489.3M | ||
| Q1 25 | $-158.0M | $424.6M | ||
| Q4 24 | $407.0M | $483.2M | ||
| Q3 24 | $416.0M | $449.3M | ||
| Q2 24 | $346.0M | $588.2M | ||
| Q1 24 | $-94.0M | $351.2M |
自由现金流MASZM
| Q4 25 | $371.0M | $614.3M | ||
| Q3 25 | $415.0M | $508.0M | ||
| Q2 25 | $270.0M | $463.4M | ||
| Q1 25 | $-190.0M | $416.2M | ||
| Q4 24 | $351.0M | $457.7M | ||
| Q3 24 | $378.0M | $365.1M | ||
| Q2 24 | $303.0M | $569.7M | ||
| Q1 24 | $-125.0M | $332.7M |
自由现金流率MASZM
| Q4 25 | 20.7% | 50.0% | ||
| Q3 25 | 21.6% | 41.7% | ||
| Q2 25 | 13.2% | 39.4% | ||
| Q1 25 | -10.5% | 35.2% | ||
| Q4 24 | 19.2% | 38.9% | ||
| Q3 24 | 19.1% | 31.4% | ||
| Q2 24 | 14.5% | 49.9% | ||
| Q1 24 | -6.5% | 29.0% |
资本支出强度MASZM
| Q4 25 | 2.6% | 1.2% | ||
| Q3 25 | 2.1% | 0.7% | ||
| Q2 25 | 1.8% | 2.2% | ||
| Q1 25 | 1.8% | 0.7% | ||
| Q4 24 | 3.1% | 2.2% | ||
| Q3 24 | 1.9% | 7.2% | ||
| Q2 24 | 2.1% | 1.6% | ||
| Q1 24 | 1.6% | 1.6% |
现金转化率MASZM
| Q4 25 | 2.53× | 1.03× | ||
| Q3 25 | 2.41× | 1.44× | ||
| Q2 25 | 1.13× | 1.92× | ||
| Q1 25 | -0.85× | 1.15× | ||
| Q4 24 | 2.24× | 2.33× | ||
| Q3 24 | 2.49× | 2.05× | ||
| Q2 24 | 1.34× | 2.72× | ||
| Q1 24 | -0.44× | 1.18× |
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% |
ZM
暂无分部数据
