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迈心诺（MASI）与Tecnoglass Inc.（TGLS）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Tecnoglass Inc.的1.5倍（$371.5M vs $245.3M），Tecnoglass Inc.净利率更高（10.6% vs -27.0%，领先37.7%），Tecnoglass Inc.同比增速更快（2.4% vs -26.4%），迈心诺自由现金流更多（$50.9M vs $11.4M），过去两年Tecnoglass Inc.的营收复合增速更高（12.8% 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。
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
MASI vs TGLS — 直观对比
营收规模更大
MASI
是对方的1.5倍
$245.3M
营收增速更快
TGLS
高出28.8%
-26.4%
净利率更高
TGLS
高出37.7%
-27.0%
自由现金流更多
MASI
多$39.5M
$11.4M
两年增速更快
TGLS
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $245.3M |
| 净利润 | $-100.4M | $26.1M |
| 毛利率 | 62.1% | 40.0% |
| 营业利润率 | 22.5% | 18.3% |
| 净利率 | -27.0% | 10.6% |
| 营收同比 | -26.4% | 2.4% |
| 净利润同比 | -1124.5% | -44.5% |
| 每股收益（稀释后） | $-1.84 | $0.57 |
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MASITGLS
| Q4 25 | — | $245.3M | ||
| Q3 25 | $371.5M | $260.5M | ||
| Q2 25 | $370.9M | $255.5M | ||
| Q1 25 | $372.0M | $222.3M | ||
| Q4 24 | $600.7M | $239.6M | ||
| Q3 24 | $504.6M | $238.3M | ||
| Q2 24 | $496.3M | $219.7M | ||
| Q1 24 | $492.8M | $192.6M |
净利润MASITGLS
| Q4 25 | — | $26.1M | ||
| Q3 25 | $-100.4M | $47.2M | ||
| Q2 25 | $51.3M | $44.1M | ||
| Q1 25 | $-170.7M | $42.2M | ||
| Q4 24 | $-349.6M | $47.0M | ||
| Q3 24 | $9.8M | $49.5M | ||
| Q2 24 | $16.0M | $35.0M | ||
| Q1 24 | $18.9M | $29.7M |
毛利率MASITGLS
| Q4 25 | — | 40.0% | ||
| Q3 25 | 62.1% | 42.7% | ||
| Q2 25 | 62.9% | 44.7% | ||
| Q1 25 | 62.9% | 43.9% | ||
| Q4 24 | 40.7% | 44.5% | ||
| Q3 24 | 52.2% | 45.8% | ||
| Q2 24 | 51.3% | 40.8% | ||
| Q1 24 | 49.0% | 38.8% |
营业利润率MASITGLS
| Q4 25 | — | 18.3% | ||
| Q3 25 | 22.5% | 25.1% | ||
| Q2 25 | 17.4% | 24.0% | ||
| Q1 25 | 21.0% | 26.7% | ||
| Q4 24 | -59.8% | 28.0% | ||
| Q3 24 | 6.0% | 28.4% | ||
| Q2 24 | 5.7% | 23.3% | ||
| Q1 24 | 6.9% | 21.3% |
净利率MASITGLS
| Q4 25 | — | 10.6% | ||
| Q3 25 | -27.0% | 18.1% | ||
| Q2 25 | 13.8% | 17.3% | ||
| Q1 25 | -45.9% | 19.0% | ||
| Q4 24 | -58.2% | 19.6% | ||
| Q3 24 | 1.9% | 20.8% | ||
| Q2 24 | 3.2% | 15.9% | ||
| Q1 24 | 3.8% | 15.4% |
每股收益（稀释后）MASITGLS
| Q4 25 | — | $0.57 | ||
| Q3 25 | $-1.84 | $1.01 | ||
| Q2 25 | $0.94 | $0.94 | ||
| Q1 25 | $-3.12 | $0.90 | ||
| Q4 24 | $-6.54 | $1.00 | ||
| Q3 24 | $0.18 | $1.05 | ||
| Q2 24 | $0.29 | $0.75 | ||
| Q1 24 | $0.35 | $0.63 |
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 | $104.1M |
| 总债务越低越好 | $559.1M | $174.4M |
| 股东权益账面价值 | $810.0M | $713.1M |
| 总资产 | $1.8B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.69× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资MASITGLS
| Q4 25 | — | $104.1M | ||
| Q3 25 | $312.3M | $127.1M | ||
| Q2 25 | $149.6M | $140.9M | ||
| Q1 25 | $130.8M | $160.2M | ||
| Q4 24 | $177.6M | $137.5M | ||
| Q3 24 | $158.5M | $124.8M | ||
| Q2 24 | $129.6M | $129.5M | ||
| Q1 24 | $157.6M | $138.8M |
总债务MASITGLS
| Q4 25 | — | $174.4M | ||
| Q3 25 | $559.1M | $114.7M | ||
| Q2 25 | $613.7M | $110.6M | ||
| Q1 25 | $651.0M | $110.6M | ||
| Q4 24 | $765.2M | $111.1M | ||
| Q3 24 | $772.6M | $126.8M | ||
| Q2 24 | $781.6M | $144.7M | ||
| Q1 24 | $876.0M | $160.9M |
股东权益MASITGLS
| Q4 25 | — | $713.1M | ||
| Q3 25 | $810.0M | $764.0M | ||
| Q2 25 | $1.0B | $736.0M | ||
| Q1 25 | $946.4M | $685.1M | ||
| Q4 24 | $1.1B | $631.2M | ||
| Q3 24 | $1.5B | $613.3M | ||
| Q2 24 | $1.4B | $574.8M | ||
| Q1 24 | $1.4B | $573.6M |
总资产MASITGLS
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.3B | $1.1B | ||
| Q4 24 | $2.6B | $1.0B | ||
| Q3 24 | $3.1B | $996.3M | ||
| Q2 24 | $2.9B | $942.5M | ||
| Q1 24 | $3.0B | $981.6M |
负债/权益比MASITGLS
| Q4 25 | — | 0.24× | ||
| Q3 25 | 0.69× | 0.15× | ||
| Q2 25 | 0.59× | 0.15× | ||
| Q1 25 | 0.69× | 0.16× | ||
| Q4 24 | 0.73× | 0.18× | ||
| Q3 24 | 0.53× | 0.21× | ||
| Q2 24 | 0.57× | 0.25× | ||
| Q1 24 | 0.64× | 0.28× |
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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | $50.9M | $11.4M |
| 自由现金流率自由现金流/营收 | 13.7% | 4.7% |
| 资本支出强度资本支出/营收 | 1.6% | 8.0% |
| 现金转化率经营现金流/净利润 | — | 1.19× |
| 过去12个月自由现金流最近4个季度 | $191.0M | $34.5M |
8季度趋势，按日历期对齐
经营现金流MASITGLS
| Q4 25 | — | $31.0M | ||
| Q3 25 | $56.8M | $40.0M | ||
| Q2 25 | $69.4M | $17.9M | ||
| Q1 25 | $31.1M | $46.9M | ||
| Q4 24 | $50.5M | $61.1M | ||
| Q3 24 | $25.6M | $41.5M | ||
| Q2 24 | $74.5M | $34.5M | ||
| Q1 24 | $45.8M | $33.4M |
自由现金流MASITGLS
| Q4 25 | — | $11.4M | ||
| Q3 25 | $50.9M | $21.2M | ||
| Q2 25 | $65.6M | $-14.7M | ||
| Q1 25 | $28.5M | $16.5M | ||
| Q4 24 | $46.0M | $35.4M | ||
| Q3 24 | $16.9M | $17.8M | ||
| Q2 24 | $66.9M | $14.2M | ||
| Q1 24 | $37.6M | $23.6M |
自由现金流率MASITGLS
| Q4 25 | — | 4.7% | ||
| Q3 25 | 13.7% | 8.2% | ||
| Q2 25 | 17.7% | -5.7% | ||
| Q1 25 | 7.7% | 7.4% | ||
| Q4 24 | 7.7% | 14.8% | ||
| Q3 24 | 3.3% | 7.5% | ||
| Q2 24 | 13.5% | 6.5% | ||
| Q1 24 | 7.6% | 12.2% |
资本支出强度MASITGLS
| Q4 25 | — | 8.0% | ||
| Q3 25 | 1.6% | 7.2% | ||
| Q2 25 | 1.0% | 12.7% | ||
| Q1 25 | 0.7% | 13.7% | ||
| Q4 24 | 0.7% | 10.7% | ||
| Q3 24 | 1.7% | 9.9% | ||
| Q2 24 | 1.5% | 9.2% | ||
| Q1 24 | 1.7% | 5.1% |
现金转化率MASITGLS
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | 1.35× | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | 2.61× | 0.84× | ||
| Q2 24 | 4.66× | 0.98× | ||
| Q1 24 | 2.42× | 1.13× |
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
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
