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迈心诺（MASI）与Childrens Place, Inc.（PLCE）财务数据对比。点击上方公司名可切换其他公司
迈心诺的季度营收约是Childrens Place, Inc.的1.1倍（$371.5M vs $339.5M），Childrens Place, Inc.净利率更高（-1.3% vs -27.0%，领先25.8%），Childrens Place, Inc.同比增速更快（-13.0% vs -26.4%），迈心诺自由现金流更多（$50.9M vs $-3.4M），过去两年Childrens Place, Inc.的营收复合增速更高（-13.6% 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。
Children’s Place是专业儿童服饰零售商，产品主要以旗下自有品牌发售，涵盖Gymboree、Sugar & Jade、PJ Place、Crazy 8等。目前该品牌在美国、加拿大、波多黎各共开设约525家门店，同时通过两个线上渠道以及15个国家的5家加盟合作伙伴开展销售，产品涵盖上衣、裙装、鞋履、裤装、睡衣、背包等全品类儿童服饰配件。
MASI vs PLCE — 直观对比
营收规模更大
MASI
是对方的1.1倍
$339.5M
营收增速更快
PLCE
高出13.4%
-26.4%
净利率更高
PLCE
高出25.8%
-27.0%
自由现金流更多
MASI
多$54.3M
$-3.4M
两年增速更快
PLCE
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $339.5M |
| 净利润 | $-100.4M | $-4.3M |
| 毛利率 | 62.1% | 33.1% |
| 营业利润率 | 22.5% | 1.1% |
| 净利率 | -27.0% | -1.3% |
| 营收同比 | -26.4% | -13.0% |
| 净利润同比 | -1124.5% | -121.5% |
| 每股收益（稀释后） | $-1.84 | $-0.19 |
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MASIPLCE
| Q4 25 | — | $339.5M | ||
| Q3 25 | $371.5M | $298.0M | ||
| Q2 25 | $370.9M | $242.1M | ||
| Q1 25 | $372.0M | $408.6M | ||
| Q4 24 | $600.7M | $390.2M | ||
| Q3 24 | $504.6M | $319.7M | ||
| Q2 24 | $496.3M | $267.9M | ||
| Q1 24 | $492.8M | $455.0M |
净利润MASIPLCE
| Q4 25 | — | $-4.3M | ||
| Q3 25 | $-100.4M | $-5.4M | ||
| Q2 25 | $51.3M | $-34.0M | ||
| Q1 25 | $-170.7M | $-8.0M | ||
| Q4 24 | $-349.6M | $20.1M | ||
| Q3 24 | $9.8M | $-32.1M | ||
| Q2 24 | $16.0M | $-37.8M | ||
| Q1 24 | $18.9M | $-128.8M |
毛利率MASIPLCE
| Q4 25 | — | 33.1% | ||
| Q3 25 | 62.1% | 34.0% | ||
| Q2 25 | 62.9% | 29.2% | ||
| Q1 25 | 62.9% | 28.5% | ||
| Q4 24 | 40.7% | 35.5% | ||
| Q3 24 | 52.2% | 35.0% | ||
| Q2 24 | 51.3% | 34.6% | ||
| Q1 24 | 49.0% | 21.8% |
营业利润率MASIPLCE
| Q4 25 | — | 1.1% | ||
| Q3 25 | 22.5% | 1.4% | ||
| Q2 25 | 17.4% | -10.0% | ||
| Q1 25 | 21.0% | 1.7% | ||
| Q4 24 | -59.8% | 7.5% | ||
| Q3 24 | 6.0% | -6.8% | ||
| Q2 24 | 5.7% | -10.4% | ||
| Q1 24 | 6.9% | -13.6% |
净利率MASIPLCE
| Q4 25 | — | -1.3% | ||
| Q3 25 | -27.0% | -1.8% | ||
| Q2 25 | 13.8% | -14.1% | ||
| Q1 25 | -45.9% | -2.0% | ||
| Q4 24 | -58.2% | 5.1% | ||
| Q3 24 | 1.9% | -10.0% | ||
| Q2 24 | 3.2% | -14.1% | ||
| Q1 24 | 3.8% | -28.3% |
每股收益（稀释后）MASIPLCE
| Q4 25 | — | $-0.19 | ||
| Q3 25 | $-1.84 | $-0.24 | ||
| Q2 25 | $0.94 | $-1.57 | ||
| Q1 25 | $-3.12 | $-0.60 | ||
| Q4 24 | $-6.54 | $1.57 | ||
| Q3 24 | $0.18 | $-2.51 | ||
| Q2 24 | $0.29 | $-2.98 | ||
| Q1 24 | $0.35 | $-10.24 |
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 | $7.3M |
| 总债务越低越好 | $559.1M | $107.4M |
| 股东权益账面价值 | $810.0M | $-8.6M |
| 总资产 | $1.8B | $762.5M |
| 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MASIPLCE
| Q4 25 | — | $7.3M | ||
| Q3 25 | $312.3M | $7.8M | ||
| Q2 25 | $149.6M | $5.7M | ||
| Q1 25 | $130.8M | $5.3M | ||
| Q4 24 | $177.6M | $5.7M | ||
| Q3 24 | $158.5M | $9.6M | ||
| Q2 24 | $129.6M | $13.0M | ||
| Q1 24 | $157.6M | $13.6M |
总债务MASIPLCE
| Q4 25 | — | $107.4M | ||
| Q3 25 | $559.1M | $107.2M | ||
| Q2 25 | $613.7M | $107.0M | ||
| Q1 25 | $651.0M | $166.0M | ||
| Q4 24 | $765.2M | $165.7M | ||
| Q3 24 | $772.6M | $165.4M | ||
| Q2 24 | $781.6M | $166.6M | ||
| Q1 24 | $876.0M | $49.8M |
股东权益MASIPLCE
| Q4 25 | — | $-8.6M | ||
| Q3 25 | $810.0M | $-4.9M | ||
| Q2 25 | $1.0B | $1.4M | ||
| Q1 25 | $946.4M | $-59.4M | ||
| Q4 24 | $1.1B | $-49.6M | ||
| Q3 24 | $1.5B | $-68.9M | ||
| Q2 24 | $1.4B | $-34.9M | ||
| Q1 24 | $1.4B | $-9.0M |
总资产MASIPLCE
| Q4 25 | — | $762.5M | ||
| Q3 25 | $1.8B | $805.1M | ||
| Q2 25 | $2.4B | $779.6M | ||
| Q1 25 | $2.3B | $747.6M | ||
| Q4 24 | $2.6B | $888.8M | ||
| Q3 24 | $3.1B | $921.4M | ||
| Q2 24 | $2.9B | $848.3M | ||
| Q1 24 | $3.0B | $800.3M |
负债/权益比MASIPLCE
| Q4 25 | — | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | 75.63× | ||
| 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 | $6.2M |
| 自由现金流经营现金流 - 资本支出 | $50.9M | $-3.4M |
| 自由现金流率自由现金流/营收 | 13.7% | -1.0% |
| 资本支出强度资本支出/营收 | 1.6% | 2.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $191.0M | $39.5M |
8季度趋势，按日历期对齐
经营现金流MASIPLCE
| Q4 25 | — | $6.2M | ||
| Q3 25 | $56.8M | $-30.5M | ||
| Q2 25 | $69.4M | $-43.0M | ||
| Q1 25 | $31.1M | $121.3M | ||
| Q4 24 | $50.5M | $-44.2M | ||
| Q3 24 | $25.6M | $-83.9M | ||
| Q2 24 | $74.5M | $-110.8M | ||
| Q1 24 | $45.8M | $135.4M |
自由现金流MASIPLCE
| Q4 25 | — | $-3.4M | ||
| Q3 25 | $50.9M | $-31.9M | ||
| Q2 25 | $65.6M | $-46.4M | ||
| Q1 25 | $28.5M | $121.2M | ||
| Q4 24 | $46.0M | $-47.7M | ||
| Q3 24 | $16.9M | $-91.7M | ||
| Q2 24 | $66.9M | $-115.5M | ||
| Q1 24 | $37.6M | $132.2M |
自由现金流率MASIPLCE
| Q4 25 | — | -1.0% | ||
| Q3 25 | 13.7% | -10.7% | ||
| Q2 25 | 17.7% | -19.2% | ||
| Q1 25 | 7.7% | 29.7% | ||
| Q4 24 | 7.7% | -12.2% | ||
| Q3 24 | 3.3% | -28.7% | ||
| Q2 24 | 13.5% | -43.1% | ||
| Q1 24 | 7.6% | 29.1% |
资本支出强度MASIPLCE
| Q4 25 | — | 2.8% | ||
| Q3 25 | 1.6% | 0.5% | ||
| Q2 25 | 1.0% | 1.4% | ||
| Q1 25 | 0.7% | 0.0% | ||
| Q4 24 | 0.7% | 0.9% | ||
| Q3 24 | 1.7% | 2.4% | ||
| Q2 24 | 1.5% | 1.8% | ||
| Q1 24 | 1.7% | 0.7% |
现金转化率MASIPLCE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -2.20× | ||
| 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
PLCE
| The Childrens Place US | $307.4M | 91% |
| The Childrens Place International | $32.1M | 9% |
| Gift Cards | $1.7M | 1% |
