vs
美泰（MAT）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是美森的1.0倍（$862.2M vs $851.9M），美森净利率更高（16.8% vs 7.1%，领先9.7%），美泰同比增速更快（4.3% vs -4.3%），美森自由现金流更多（$42.2M vs $-88.1M），过去两年美森的营收复合增速更高（8.6% vs -10.6%）
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
MAT vs MATX — 直观对比
营收规模更大
MAT
是对方的1.0倍
$851.9M
营收增速更快
MAT
高出8.6%
-4.3%
净利率更高
MATX
高出9.7%
7.1%
自由现金流更多
MATX
多$130.3M
$-88.1M
两年增速更快
MATX
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $851.9M |
| 净利润 | $61.0M | $143.1M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | 16.9% |
| 净利率 | 7.1% | 16.8% |
| 营收同比 | 4.3% | -4.3% |
| 净利润同比 | 251.4% | 11.8% |
| 每股收益（稀释后） | $0.20 | $4.47 |
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MATMATX
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $851.9M | ||
| Q3 25 | $1.7B | $880.1M | ||
| Q2 25 | $1.0B | $830.5M | ||
| Q1 25 | $826.6M | $782.0M | ||
| Q4 24 | $1.6B | $890.3M | ||
| Q3 24 | $1.8B | $962.0M | ||
| Q2 24 | $1.1B | $847.4M |
净利润MATMATX
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $143.1M | ||
| Q3 25 | $278.4M | $134.7M | ||
| Q2 25 | $53.4M | $94.7M | ||
| Q1 25 | $-40.3M | $72.3M | ||
| Q4 24 | $140.9M | $128.0M | ||
| Q3 24 | $372.4M | $199.1M | ||
| Q2 24 | $56.9M | $113.2M |
毛利率MATMATX
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | — | ||
| Q3 25 | 50.0% | — | ||
| Q2 25 | 50.9% | — | ||
| Q1 25 | 49.4% | — | ||
| Q4 24 | 50.7% | — | ||
| Q3 24 | 53.1% | — | ||
| Q2 24 | 49.2% | — |
营业利润率MATMATX
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 16.9% | ||
| Q3 25 | 21.9% | 18.3% | ||
| Q2 25 | 7.7% | 13.6% | ||
| Q1 25 | -6.4% | 10.5% | ||
| Q4 24 | 9.6% | 16.6% | ||
| Q3 24 | 26.5% | 25.2% | ||
| Q2 24 | 7.7% | 14.7% |
净利率MATMATX
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 16.8% | ||
| Q3 25 | 16.0% | 15.3% | ||
| Q2 25 | 5.2% | 11.4% | ||
| Q1 25 | -4.9% | 9.2% | ||
| Q4 24 | 8.6% | 14.4% | ||
| Q3 24 | 20.2% | 20.7% | ||
| Q2 24 | 5.3% | 13.4% |
每股收益（稀释后）MATMATX
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $4.47 | ||
| Q3 25 | $0.88 | $4.24 | ||
| Q2 25 | $0.16 | $2.92 | ||
| Q1 25 | $-0.12 | $2.18 | ||
| Q4 24 | $0.40 | $3.69 | ||
| Q3 24 | $1.09 | $5.89 | ||
| Q2 24 | $0.17 | $3.31 |
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 | $866.0M | $141.9M |
| 总债务越低越好 | $2.3B | $361.2M |
| 股东权益账面价值 | $2.1B | $2.8B |
| 总资产 | $6.3B | $4.6B |
| 负债/权益比越低杠杆越低 | 1.11× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资MATMATX
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $141.9M | ||
| Q3 25 | $691.9M | $92.7M | ||
| Q2 25 | $870.5M | $59.1M | ||
| Q1 25 | $1.2B | $122.0M | ||
| Q4 24 | $1.4B | $266.8M | ||
| Q3 24 | $723.5M | $270.3M | ||
| Q2 24 | $722.4M | $168.2M |
总债务MATMATX
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $361.2M | ||
| Q3 25 | $2.3B | $370.9M | ||
| Q2 25 | $2.3B | $341.3M | ||
| Q1 25 | $2.3B | $351.1M | ||
| Q4 24 | $2.3B | $361.2M | ||
| Q3 24 | $2.3B | $370.9M | ||
| Q2 24 | $2.3B | $381.0M |
股东权益MATMATX
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $2.8B | ||
| Q3 25 | $2.3B | $2.7B | ||
| Q2 25 | $2.2B | $2.6B | ||
| Q1 25 | $2.1B | $2.6B | ||
| Q4 24 | $2.3B | $2.7B | ||
| Q3 24 | $2.3B | $2.6B | ||
| Q2 24 | $2.0B | $2.4B |
总资产MATMATX
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $4.6B | ||
| Q3 25 | $6.6B | $4.6B | ||
| Q2 25 | $6.2B | $4.5B | ||
| Q1 25 | $6.2B | $4.5B | ||
| Q4 24 | $6.5B | $4.6B | ||
| Q3 24 | $6.5B | $4.4B | ||
| Q2 24 | $5.9B | $4.3B |
负债/权益比MATMATX
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 0.13× | ||
| Q3 25 | 1.03× | 0.14× | ||
| Q2 25 | 1.08× | 0.13× | ||
| Q1 25 | 1.10× | 0.13× | ||
| Q4 24 | 1.03× | 0.14× | ||
| Q3 24 | 1.01× | 0.15× | ||
| Q2 24 | 1.18× | 0.16× |
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 | — | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $42.2M |
| 自由现金流率自由现金流/营收 | -10.2% | 5.0% |
| 资本支出强度资本支出/营收 | 7.6% | 15.8% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $153.7M |
8季度趋势，按日历期对齐
经营现金流MATMATX
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $176.9M | ||
| Q3 25 | $72.0M | $175.6M | ||
| Q2 25 | $-300.1M | $105.6M | ||
| Q1 25 | $24.8M | $89.0M | ||
| Q4 24 | $862.1M | $174.7M | ||
| Q3 24 | $155.8M | $248.6M | ||
| Q2 24 | $-252.9M | $307.9M |
自由现金流MATMATX
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $42.2M | ||
| Q3 25 | — | $92.4M | ||
| Q2 25 | — | $19.3M | ||
| Q1 25 | — | $-200.0K | ||
| Q4 24 | — | $49.3M | ||
| Q3 24 | — | $189.0M | ||
| Q2 24 | — | $238.1M |
自由现金流率MATMATX
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | -0.0% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | 28.1% |
资本支出强度MATMATX
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 8.2% |
现金转化率MATMATX
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 1.24× | ||
| Q3 25 | 0.26× | 1.30× | ||
| Q2 25 | -5.62× | 1.12× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | 6.12× | 1.36× | ||
| Q3 24 | 0.42× | 1.25× | ||
| Q2 24 | -4.45× | 2.72× |
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
MAT
暂无分部数据
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
