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迈心诺（MASI）与WillScot Holdings Corp（WSC）财务数据对比。点击上方公司名可切换其他公司
WillScot Holdings Corp的季度营收约是迈心诺的1.5倍（$566.0M vs $371.5M），迈心诺净利率更高（-27.0% vs -33.1%，领先6.1%），WillScot Holdings Corp同比增速更快（-6.1% vs -26.4%），WillScot Holdings Corp自由现金流更多（$149.7M vs $50.9M），过去两年WillScot Holdings Corp的营收复合增速更高（-1.8% 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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
MASI vs WSC — 直观对比
营收规模更大
WSC
是对方的1.5倍
$371.5M
营收增速更快
WSC
高出20.3%
-26.4%
净利率更高
MASI
高出6.1%
-33.1%
自由现金流更多
WSC
多$98.8M
$50.9M
两年增速更快
WSC
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $566.0M |
| 净利润 | $-100.4M | $-187.3M |
| 毛利率 | 62.1% | 50.4% |
| 营业利润率 | 22.5% | -32.5% |
| 净利率 | -27.0% | -33.1% |
| 营收同比 | -26.4% | -6.1% |
| 净利润同比 | -1124.5% | -310.0% |
| 每股收益（稀释后） | $-1.84 | $-1.02 |
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MASIWSC
| Q4 25 | — | $566.0M | ||
| Q3 25 | $371.5M | $566.8M | ||
| Q2 25 | $370.9M | $589.1M | ||
| Q1 25 | $372.0M | $559.6M | ||
| Q4 24 | $600.7M | $602.5M | ||
| Q3 24 | $504.6M | $601.4M | ||
| Q2 24 | $496.3M | $604.6M | ||
| Q1 24 | $492.8M | $587.2M |
净利润MASIWSC
| Q4 25 | — | $-187.3M | ||
| Q3 25 | $-100.4M | $43.3M | ||
| Q2 25 | $51.3M | $47.9M | ||
| Q1 25 | $-170.7M | $43.1M | ||
| Q4 24 | $-349.6M | $89.2M | ||
| Q3 24 | $9.8M | $-70.5M | ||
| Q2 24 | $16.0M | $-46.9M | ||
| Q1 24 | $18.9M | $56.2M |
毛利率MASIWSC
| Q4 25 | — | 50.4% | ||
| Q3 25 | 62.1% | 49.7% | ||
| Q2 25 | 62.9% | 50.3% | ||
| Q1 25 | 62.9% | 53.7% | ||
| Q4 24 | 40.7% | 55.8% | ||
| Q3 24 | 52.2% | 53.5% | ||
| Q2 24 | 51.3% | 54.1% | ||
| Q1 24 | 49.0% | 54.0% |
营业利润率MASIWSC
| Q4 25 | — | -32.5% | ||
| Q3 25 | 22.5% | 21.0% | ||
| Q2 25 | 17.4% | 21.5% | ||
| Q1 25 | 21.0% | 21.3% | ||
| Q4 24 | -59.8% | 28.9% | ||
| Q3 24 | 6.0% | -5.9% | ||
| Q2 24 | 5.7% | -0.9% | ||
| Q1 24 | 6.9% | 22.1% |
净利率MASIWSC
| Q4 25 | — | -33.1% | ||
| Q3 25 | -27.0% | 7.6% | ||
| Q2 25 | 13.8% | 8.1% | ||
| Q1 25 | -45.9% | 7.7% | ||
| Q4 24 | -58.2% | 14.8% | ||
| Q3 24 | 1.9% | -11.7% | ||
| Q2 24 | 3.2% | -7.7% | ||
| Q1 24 | 3.8% | 9.6% |
每股收益（稀释后）MASIWSC
| Q4 25 | — | $-1.02 | ||
| Q3 25 | $-1.84 | $0.24 | ||
| Q2 25 | $0.94 | $0.26 | ||
| Q1 25 | $-3.12 | $0.23 | ||
| Q4 24 | $-6.54 | $0.48 | ||
| Q3 24 | $0.18 | $-0.37 | ||
| Q2 24 | $0.29 | $-0.25 | ||
| Q1 24 | $0.35 | $0.29 |
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 | $14.6M |
| 总债务越低越好 | $559.1M | $3.6B |
| 股东权益账面价值 | $810.0M | $856.3M |
| 总资产 | $1.8B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.69× | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资MASIWSC
| Q4 25 | — | $14.6M | ||
| Q3 25 | $312.3M | $14.8M | ||
| Q2 25 | $149.6M | $12.8M | ||
| Q1 25 | $130.8M | $10.7M | ||
| Q4 24 | $177.6M | $9.0M | ||
| Q3 24 | $158.5M | $11.0M | ||
| Q2 24 | $129.6M | $5.9M | ||
| Q1 24 | $157.6M | $13.1M |
总债务MASIWSC
| Q4 25 | — | $3.6B | ||
| Q3 25 | $559.1M | $3.6B | ||
| Q2 25 | $613.7M | $3.7B | ||
| Q1 25 | $651.0M | $3.6B | ||
| Q4 24 | $765.2M | $3.7B | ||
| Q3 24 | $772.6M | $3.6B | ||
| Q2 24 | $781.6M | $3.5B | ||
| Q1 24 | $876.0M | $3.5B |
股东权益MASIWSC
| Q4 25 | — | $856.3M | ||
| Q3 25 | $810.0M | $1.1B | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $946.4M | $1.0B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.4B | $1.3B |
总资产MASIWSC
| Q4 25 | — | $5.8B | ||
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $2.4B | $6.1B | ||
| Q1 25 | $2.3B | $6.0B | ||
| Q4 24 | $2.6B | $6.0B | ||
| Q3 24 | $3.1B | $6.0B | ||
| Q2 24 | $2.9B | $6.0B | ||
| Q1 24 | $3.0B | $6.2B |
负债/权益比MASIWSC
| Q4 25 | — | 4.15× | ||
| Q3 25 | 0.69× | 3.39× | ||
| Q2 25 | 0.59× | 3.55× | ||
| Q1 25 | 0.69× | 3.56× | ||
| Q4 24 | 0.73× | 3.62× | ||
| Q3 24 | 0.53× | 3.42× | ||
| Q2 24 | 0.57× | 2.88× | ||
| Q1 24 | 0.64× | 2.63× |
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 | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $50.9M | $149.7M |
| 自由现金流率自由现金流/营收 | 13.7% | 26.5% |
| 资本支出强度资本支出/营收 | 1.6% | 1.6% |
| 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 | $737.7M |
8季度趋势，按日历期对齐
经营现金流MASIWSC
| Q4 25 | — | $158.9M | ||
| Q3 25 | $56.8M | $191.2M | ||
| Q2 25 | $69.4M | $205.3M | ||
| Q1 25 | $31.1M | $206.6M | ||
| Q4 24 | $50.5M | $178.9M | ||
| Q3 24 | $25.6M | $-1.6M | ||
| Q2 24 | $74.5M | $175.6M | ||
| Q1 24 | $45.8M | $208.7M |
自由现金流MASIWSC
| Q4 25 | — | $149.7M | ||
| Q3 25 | $50.9M | $186.9M | ||
| Q2 25 | $65.6M | $199.0M | ||
| Q1 25 | $28.5M | $202.0M | ||
| Q4 24 | $46.0M | $176.6M | ||
| Q3 24 | $16.9M | $-4.9M | ||
| Q2 24 | $66.9M | $169.4M | ||
| Q1 24 | $37.6M | $202.1M |
自由现金流率MASIWSC
| Q4 25 | — | 26.5% | ||
| Q3 25 | 13.7% | 33.0% | ||
| Q2 25 | 17.7% | 33.8% | ||
| Q1 25 | 7.7% | 36.1% | ||
| Q4 24 | 7.7% | 29.3% | ||
| Q3 24 | 3.3% | -0.8% | ||
| Q2 24 | 13.5% | 28.0% | ||
| Q1 24 | 7.6% | 34.4% |
资本支出强度MASIWSC
| Q4 25 | — | 1.6% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.0% | 1.1% | ||
| Q1 25 | 0.7% | 0.8% | ||
| Q4 24 | 0.7% | 0.4% | ||
| Q3 24 | 1.7% | 0.6% | ||
| Q2 24 | 1.5% | 1.0% | ||
| Q1 24 | 1.7% | 1.1% |
现金转化率MASIWSC
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | 1.35× | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | — | ||
| Q1 24 | 2.42× | 3.71× |
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
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
