vs
迈心诺（MASI）与Mativ Holdings, Inc.（MATV）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是迈心诺的1.2倍（$463.1M vs $371.5M），Mativ Holdings, Inc.净利率更高（21.8% vs -27.0%，领先48.8%），Mativ Holdings, Inc.同比增速更快（1.0% vs -26.4%），迈心诺自由现金流更多（$50.9M vs $8.0M），过去两年Mativ Holdings, Inc.的营收复合增速更高（-3.8% vs -17.7%）
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
MASI vs MATV — 直观对比
营收规模更大
MATV
是对方的1.2倍
$371.5M
营收增速更快
MATV
高出27.4%
-26.4%
净利率更高
MATV
高出48.8%
-27.0%
自由现金流更多
MASI
多$42.9M
$8.0M
两年增速更快
MATV
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $463.1M |
| 净利润 | $-100.4M | $100.8M |
| 毛利率 | 62.1% | 18.8% |
| 营业利润率 | 22.5% | 2.2% |
| 净利率 | -27.0% | 21.8% |
| 营收同比 | -26.4% | 1.0% |
| 净利润同比 | -1124.5% | 6620.0% |
| 每股收益（稀释后） | $-1.84 | $1.87 |
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MASIMATV
| Q4 25 | — | $463.1M | ||
| Q3 25 | $371.5M | $513.7M | ||
| Q2 25 | $370.9M | $525.4M | ||
| Q1 25 | $372.0M | $484.8M | ||
| Q4 24 | $600.7M | $458.6M | ||
| Q3 24 | $504.6M | $498.5M | ||
| Q2 24 | $496.3M | $523.8M | ||
| Q1 24 | $492.8M | $500.2M |
净利润MASIMATV
| Q4 25 | — | $100.8M | ||
| Q3 25 | $-100.4M | $-3.2M | ||
| Q2 25 | $51.3M | $-9.5M | ||
| Q1 25 | $-170.7M | $-425.5M | ||
| Q4 24 | $-349.6M | $1.5M | ||
| Q3 24 | $9.8M | $-20.8M | ||
| Q2 24 | $16.0M | $-1.4M | ||
| Q1 24 | $18.9M | $-28.0M |
毛利率MASIMATV
| Q4 25 | — | 18.8% | ||
| Q3 25 | 62.1% | 19.3% | ||
| Q2 25 | 62.9% | 19.7% | ||
| Q1 25 | 62.9% | 15.0% | ||
| Q4 24 | 40.7% | 16.9% | ||
| Q3 24 | 52.2% | 18.8% | ||
| Q2 24 | 51.3% | 20.8% | ||
| Q1 24 | 49.0% | 16.8% |
营业利润率MASIMATV
| Q4 25 | — | 2.2% | ||
| Q3 25 | 22.5% | 3.1% | ||
| Q2 25 | 17.4% | 3.8% | ||
| Q1 25 | 21.0% | -88.8% | ||
| Q4 24 | -59.8% | 0.6% | ||
| Q3 24 | 6.0% | 1.4% | ||
| Q2 24 | 5.7% | 2.0% | ||
| Q1 24 | 6.9% | -2.8% |
净利率MASIMATV
| Q4 25 | — | 21.8% | ||
| Q3 25 | -27.0% | -0.6% | ||
| Q2 25 | 13.8% | -1.8% | ||
| Q1 25 | -45.9% | -87.8% | ||
| Q4 24 | -58.2% | 0.3% | ||
| Q3 24 | 1.9% | -4.2% | ||
| Q2 24 | 3.2% | -0.3% | ||
| Q1 24 | 3.8% | -5.6% |
每股收益（稀释后）MASIMATV
| Q4 25 | — | $1.87 | ||
| Q3 25 | $-1.84 | $-0.06 | ||
| Q2 25 | $0.94 | $-0.18 | ||
| Q1 25 | $-3.12 | $-7.82 | ||
| Q4 24 | $-6.54 | $0.03 | ||
| Q3 24 | $0.18 | $-0.38 | ||
| Q2 24 | $0.29 | $-0.03 | ||
| Q1 24 | $0.35 | $-0.52 |
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 | $312.3M | $84.2M |
| 总债务越低越好 | $559.1M | $1.0B |
| 股东权益账面价值 | $810.0M | $498.7M |
| 总资产 | $1.8B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.69× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资MASIMATV
| Q4 25 | — | $84.2M | ||
| Q3 25 | $312.3M | $97.1M | ||
| Q2 25 | $149.6M | $95.6M | ||
| Q1 25 | $130.8M | $84.0M | ||
| Q4 24 | $177.6M | $94.3M | ||
| Q3 24 | $158.5M | $162.2M | ||
| Q2 24 | $129.6M | $133.4M | ||
| Q1 24 | $157.6M | $128.9M |
总债务MASIMATV
| Q4 25 | — | $1.0B | ||
| Q3 25 | $559.1M | $1.0B | ||
| Q2 25 | $613.7M | $1.1B | ||
| Q1 25 | $651.0M | $1.1B | ||
| Q4 24 | $765.2M | $1.1B | ||
| Q3 24 | $772.6M | $1.2B | ||
| Q2 24 | $781.6M | $1.2B | ||
| Q1 24 | $876.0M | $1.2B |
股东权益MASIMATV
| Q4 25 | — | $498.7M | ||
| Q3 25 | $810.0M | $397.4M | ||
| Q2 25 | $1.0B | $416.6M | ||
| Q1 25 | $946.4M | $428.2M | ||
| Q4 24 | $1.1B | $858.5M | ||
| Q3 24 | $1.5B | $882.3M | ||
| Q2 24 | $1.4B | $898.0M | ||
| Q1 24 | $1.4B | $906.9M |
总资产MASIMATV
| Q4 25 | — | $2.1B | ||
| Q3 25 | $1.8B | $2.0B | ||
| Q2 25 | $2.4B | $2.1B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $3.1B | $2.6B | ||
| Q2 24 | $2.9B | $2.6B | ||
| Q1 24 | $3.0B | $2.7B |
负债/权益比MASIMATV
| Q4 25 | — | 2.07× | ||
| Q3 25 | 0.69× | 2.63× | ||
| Q2 25 | 0.59× | 2.66× | ||
| Q1 25 | 0.69× | 2.67× | ||
| Q4 24 | 0.73× | 1.30× | ||
| Q3 24 | 0.53× | 1.32× | ||
| Q2 24 | 0.57× | 1.29× | ||
| Q1 24 | 0.64× | 1.30× |
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 | $56.8M | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $50.9M | $8.0M |
| 自由现金流率自由现金流/营收 | 13.7% | 1.7% |
| 资本支出强度资本支出/营收 | 1.6% | 2.4% |
| 现金转化率经营现金流/净利润 | — | 0.19× |
| 过去12个月自由现金流最近4个季度 | $191.0M | $93.8M |
8季度趋势，按日历期对齐
经营现金流MASIMATV
| Q4 25 | — | $19.3M | ||
| Q3 25 | $56.8M | $72.8M | ||
| Q2 25 | $69.4M | $57.6M | ||
| Q1 25 | $31.1M | $-15.9M | ||
| Q4 24 | $50.5M | $24.1M | ||
| Q3 24 | $25.6M | $37.6M | ||
| Q2 24 | $74.5M | $46.1M | ||
| Q1 24 | $45.8M | $-13.0M |
自由现金流MASIMATV
| Q4 25 | — | $8.0M | ||
| Q3 25 | $50.9M | $66.7M | ||
| Q2 25 | $65.6M | $48.9M | ||
| Q1 25 | $28.5M | $-29.8M | ||
| Q4 24 | $46.0M | $2.0M | ||
| Q3 24 | $16.9M | $25.5M | ||
| Q2 24 | $66.9M | $37.4M | ||
| Q1 24 | $37.6M | $-25.1M |
自由现金流率MASIMATV
| Q4 25 | — | 1.7% | ||
| Q3 25 | 13.7% | 13.0% | ||
| Q2 25 | 17.7% | 9.3% | ||
| Q1 25 | 7.7% | -6.1% | ||
| Q4 24 | 7.7% | 0.4% | ||
| Q3 24 | 3.3% | 5.1% | ||
| Q2 24 | 13.5% | 7.1% | ||
| Q1 24 | 7.6% | -5.0% |
资本支出强度MASIMATV
| Q4 25 | — | 2.4% | ||
| Q3 25 | 1.6% | 1.2% | ||
| Q2 25 | 1.0% | 1.7% | ||
| Q1 25 | 0.7% | 2.9% | ||
| Q4 24 | 0.7% | 4.8% | ||
| Q3 24 | 1.7% | 2.4% | ||
| Q2 24 | 1.5% | 1.7% | ||
| Q1 24 | 1.7% | 2.4% |
现金转化率MASIMATV
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 16.07× | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | — | ||
| Q1 24 | 2.42× | — |
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
MASI
暂无分部数据
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
