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迈心诺（MASI）与必能宝（PBI）财务数据对比。点击上方公司名可切换其他公司
必能宝的季度营收约是迈心诺的1.3倍（$477.6M vs $371.5M），必能宝净利率更高（5.7% vs -27.0%，领先32.7%），必能宝同比增速更快（-7.5% vs -26.4%），必能宝自由现金流更多（$201.4M vs $50.9M），过去两年必能宝的营收复合增速更高（-4.3% 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。
必能宝（Pitney Bowes）是全球知名科技与物流服务商，提供电商配送、邮寄处理、订单履约及客户信息管理解决方案，服务零售、金融、医疗、政府等领域的各类大中小企业客户，助力企业优化物流配送与客户运营效率。
MASI vs PBI — 直观对比
营收规模更大
PBI
是对方的1.3倍
$371.5M
营收增速更快
PBI
高出18.9%
-26.4%
净利率更高
PBI
高出32.7%
-27.0%
自由现金流更多
PBI
多$150.5M
$50.9M
两年增速更快
PBI
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $477.6M |
| 净利润 | $-100.4M | $27.3M |
| 毛利率 | 62.1% | — |
| 营业利润率 | 22.5% | 8.0% |
| 净利率 | -27.0% | 5.7% |
| 营收同比 | -26.4% | -7.5% |
| 净利润同比 | -1124.5% | 173.1% |
| 每股收益（稀释后） | $-1.84 | $0.18 |
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MASIPBI
| Q4 25 | — | $477.6M | ||
| Q3 25 | $371.5M | $459.7M | ||
| Q2 25 | $370.9M | $461.9M | ||
| Q1 25 | $372.0M | $493.4M | ||
| Q4 24 | $600.7M | $516.1M | ||
| Q3 24 | $504.6M | $499.5M | ||
| Q2 24 | $496.3M | $489.7M | ||
| Q1 24 | $492.8M | $521.3M |
净利润MASIPBI
| Q4 25 | — | $27.3M | ||
| Q3 25 | $-100.4M | $52.0M | ||
| Q2 25 | $51.3M | $30.0M | ||
| Q1 25 | $-170.7M | $35.4M | ||
| Q4 24 | $-349.6M | $-37.4M | ||
| Q3 24 | $9.8M | $-138.5M | ||
| Q2 24 | $16.0M | $-24.9M | ||
| Q1 24 | $18.9M | $-2.9M |
毛利率MASIPBI
| Q4 25 | — | — | ||
| Q3 25 | 62.1% | — | ||
| Q2 25 | 62.9% | — | ||
| Q1 25 | 62.9% | — | ||
| Q4 24 | 40.7% | 53.8% | ||
| Q3 24 | 52.2% | 52.4% | ||
| Q2 24 | 51.3% | 51.1% | ||
| Q1 24 | 49.0% | 52.3% |
营业利润率MASIPBI
| Q4 25 | — | 8.0% | ||
| Q3 25 | 22.5% | 14.8% | ||
| Q2 25 | 17.4% | 8.5% | ||
| Q1 25 | 21.0% | 9.5% | ||
| Q4 24 | -59.8% | -9.3% | ||
| Q3 24 | 6.0% | -8.8% | ||
| Q2 24 | 5.7% | -1.6% | ||
| Q1 24 | 6.9% | 9.1% |
净利率MASIPBI
| Q4 25 | — | 5.7% | ||
| Q3 25 | -27.0% | 11.3% | ||
| Q2 25 | 13.8% | 6.5% | ||
| Q1 25 | -45.9% | 7.2% | ||
| Q4 24 | -58.2% | -7.2% | ||
| Q3 24 | 1.9% | -27.7% | ||
| Q2 24 | 3.2% | -5.1% | ||
| Q1 24 | 3.8% | -0.6% |
每股收益（稀释后）MASIPBI
| Q4 25 | — | $0.18 | ||
| Q3 25 | $-1.84 | $0.30 | ||
| Q2 25 | $0.94 | $0.17 | ||
| Q1 25 | $-3.12 | $0.19 | ||
| Q4 24 | $-6.54 | $-0.21 | ||
| Q3 24 | $0.18 | $-0.75 | ||
| Q2 24 | $0.29 | $-0.14 | ||
| Q1 24 | $0.35 | $-0.02 |
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 | $297.1M |
| 总债务越低越好 | $559.1M | $2.0B |
| 股东权益账面价值 | $810.0M | $-802.4M |
| 总资产 | $1.8B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资MASIPBI
| Q4 25 | — | $297.1M | ||
| Q3 25 | $312.3M | $336.0M | ||
| Q2 25 | $149.6M | $300.8M | ||
| Q1 25 | $130.8M | $340.0M | ||
| Q4 24 | $177.6M | $486.1M | ||
| Q3 24 | $158.5M | $575.5M | ||
| Q2 24 | $129.6M | $612.0M | ||
| Q1 24 | $157.6M | $538.0M |
总债务MASIPBI
| Q4 25 | — | $2.0B | ||
| Q3 25 | $559.1M | $2.1B | ||
| Q2 25 | $613.7M | $1.9B | ||
| Q1 25 | $651.0M | $1.9B | ||
| Q4 24 | $765.2M | $1.9B | ||
| Q3 24 | $772.6M | $2.1B | ||
| Q2 24 | $781.6M | $2.1B | ||
| Q1 24 | $876.0M | $2.1B |
股东权益MASIPBI
| Q4 25 | — | $-802.4M | ||
| Q3 25 | $810.0M | $-661.5M | ||
| Q2 25 | $1.0B | $-536.8M | ||
| Q1 25 | $946.4M | $-535.9M | ||
| Q4 24 | $1.1B | $-578.4M | ||
| Q3 24 | $1.5B | $-518.9M | ||
| Q2 24 | $1.4B | $-427.9M | ||
| Q1 24 | $1.4B | $-392.4M |
总资产MASIPBI
| Q4 25 | — | $3.2B | ||
| Q3 25 | $1.8B | $3.3B | ||
| Q2 25 | $2.4B | $3.2B | ||
| Q1 25 | $2.3B | $3.3B | ||
| Q4 24 | $2.6B | $3.4B | ||
| Q3 24 | $3.1B | $3.6B | ||
| Q2 24 | $2.9B | $4.1B | ||
| Q1 24 | $3.0B | $4.1B |
负债/权益比MASIPBI
| Q4 25 | — | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.64× | — |
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 | $221.7M |
| 自由现金流经营现金流 - 资本支出 | $50.9M | $201.4M |
| 自由现金流率自由现金流/营收 | 13.7% | 42.2% |
| 资本支出强度资本支出/营收 | 1.6% | 4.2% |
| 现金转化率经营现金流/净利润 | — | 8.11× |
| 过去12个月自由现金流最近4个季度 | $191.0M | $317.0M |
8季度趋势，按日历期对齐
经营现金流MASIPBI
| Q4 25 | — | $221.7M | ||
| Q3 25 | $56.8M | $66.8M | ||
| Q2 25 | $69.4M | $111.4M | ||
| Q1 25 | $31.1M | $-16.7M | ||
| Q4 24 | $50.5M | $134.5M | ||
| Q3 24 | $25.6M | $14.7M | ||
| Q2 24 | $74.5M | $92.6M | ||
| Q1 24 | $45.8M | $-12.6M |
自由现金流MASIPBI
| Q4 25 | — | $201.4M | ||
| Q3 25 | $50.9M | $51.1M | ||
| Q2 25 | $65.6M | $98.0M | ||
| Q1 25 | $28.5M | $-33.6M | ||
| Q4 24 | $46.0M | $112.3M | ||
| Q3 24 | $16.9M | $-4.7M | ||
| Q2 24 | $66.9M | $76.1M | ||
| Q1 24 | $37.6M | $-26.9M |
自由现金流率MASIPBI
| Q4 25 | — | 42.2% | ||
| Q3 25 | 13.7% | 11.1% | ||
| Q2 25 | 17.7% | 21.2% | ||
| Q1 25 | 7.7% | -6.8% | ||
| Q4 24 | 7.7% | 21.8% | ||
| Q3 24 | 3.3% | -0.9% | ||
| Q2 24 | 13.5% | 15.5% | ||
| Q1 24 | 7.6% | -5.2% |
资本支出强度MASIPBI
| Q4 25 | — | 4.2% | ||
| Q3 25 | 1.6% | 3.4% | ||
| Q2 25 | 1.0% | 2.9% | ||
| Q1 25 | 0.7% | 3.4% | ||
| Q4 24 | 0.7% | 4.3% | ||
| Q3 24 | 1.7% | 3.9% | ||
| Q2 24 | 1.5% | 3.4% | ||
| Q1 24 | 1.7% | 2.7% |
现金转化率MASIPBI
| Q4 25 | — | 8.11× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | 1.35× | 3.72× | ||
| Q1 25 | — | -0.47× | ||
| Q4 24 | — | — | ||
| 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
PBI
| Sales And Services | $218.4M | 46% |
| Presort Services | $159.7M | 33% |
| Financing And Other | $79.0M | 17% |
| Other | $20.5M | 4% |
