vs
美泰（MAT）与玛斯特锁（MBC）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玛斯特锁的1.3倍（$862.2M vs $644.6M），美泰净利率更高（7.1% vs -6.5%，领先13.6%），美泰同比增速更快（4.3% vs -3.5%），玛斯特锁自由现金流更多（$52.5M vs $-88.1M），过去两年玛斯特锁的营收复合增速更高（0.5% 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。
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
MAT vs MBC — 直观对比
营收规模更大
MAT
是对方的1.3倍
$644.6M
营收增速更快
MAT
高出7.8%
-3.5%
净利率更高
MAT
高出13.6%
-6.5%
自由现金流更多
MBC
多$140.6M
$-88.1M
两年增速更快
MBC
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $644.6M |
| 净利润 | $61.0M | $-42.0M |
| 毛利率 | 44.9% | 26.0% |
| 营业利润率 | — | -4.2% |
| 净利率 | 7.1% | -6.5% |
| 营收同比 | 4.3% | -3.5% |
| 净利润同比 | 251.4% | -400.0% |
| 每股收益（稀释后） | $0.20 | $-0.32 |
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MATMBC
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $644.6M | ||
| Q3 25 | $1.7B | $698.9M | ||
| Q2 25 | $1.0B | $730.9M | ||
| Q1 25 | $826.6M | $660.3M | ||
| Q4 24 | $1.6B | $667.7M | ||
| Q3 24 | $1.8B | $718.1M | ||
| Q2 24 | $1.1B | $676.5M |
净利润MATMBC
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $-42.0M | ||
| Q3 25 | $278.4M | $18.1M | ||
| Q2 25 | $53.4M | $37.3M | ||
| Q1 25 | $-40.3M | $13.3M | ||
| Q4 24 | $140.9M | $14.0M | ||
| Q3 24 | $372.4M | $29.1M | ||
| Q2 24 | $56.9M | $45.3M |
毛利率MATMBC
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 26.0% | ||
| Q3 25 | 50.0% | 31.2% | ||
| Q2 25 | 50.9% | 32.8% | ||
| Q1 25 | 49.4% | 30.6% | ||
| Q4 24 | 50.7% | 30.4% | ||
| Q3 24 | 53.1% | 33.1% | ||
| Q2 24 | 49.2% | 34.1% |
营业利润率MATMBC
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | -4.2% | ||
| Q3 25 | 21.9% | 6.0% | ||
| Q2 25 | 7.7% | 9.2% | ||
| Q1 25 | -6.4% | 5.6% | ||
| Q4 24 | 9.6% | 5.6% | ||
| Q3 24 | 26.5% | 8.0% | ||
| Q2 24 | 7.7% | 11.5% |
净利率MATMBC
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | -6.5% | ||
| Q3 25 | 16.0% | 2.6% | ||
| Q2 25 | 5.2% | 5.1% | ||
| Q1 25 | -4.9% | 2.0% | ||
| Q4 24 | 8.6% | 2.1% | ||
| Q3 24 | 20.2% | 4.1% | ||
| Q2 24 | 5.3% | 6.7% |
每股收益（稀释后）MATMBC
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $-0.32 | ||
| Q3 25 | $0.88 | $0.14 | ||
| Q2 25 | $0.16 | $0.29 | ||
| Q1 25 | $-0.12 | $0.10 | ||
| Q4 24 | $0.40 | $0.10 | ||
| Q3 24 | $1.09 | $0.22 | ||
| Q2 24 | $0.17 | $0.35 |
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 | $183.3M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $1.3B |
| 总资产 | $6.3B | $3.1B |
| 负债/权益比越低杠杆越低 | 1.11× | — |
8季度趋势，按日历期对齐
现金及短期投资MATMBC
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $183.3M | ||
| Q3 25 | $691.9M | $114.8M | ||
| Q2 25 | $870.5M | $120.1M | ||
| Q1 25 | $1.2B | $113.5M | ||
| Q4 24 | $1.4B | $120.6M | ||
| Q3 24 | $723.5M | $108.4M | ||
| Q2 24 | $722.4M | $189.4M |
总债务MATMBC
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $1.0B | ||
| Q3 24 | $2.3B | $1.1B | ||
| Q2 24 | $2.3B | — |
股东权益MATMBC
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.3B | $1.3B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.0B | $1.3B |
总资产MATMBC
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $3.1B | ||
| Q3 25 | $6.6B | $3.0B | ||
| Q2 25 | $6.2B | $3.0B | ||
| Q1 25 | $6.2B | $3.0B | ||
| Q4 24 | $6.5B | $2.9B | ||
| Q3 24 | $6.5B | $3.0B | ||
| Q2 24 | $5.9B | $2.4B |
负债/权益比MATMBC
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | 0.79× | ||
| Q3 24 | 1.01× | 0.83× | ||
| Q2 24 | 1.18× | — |
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 | — | $86.9M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $52.5M |
| 自由现金流率自由现金流/营收 | -10.2% | 8.1% |
| 资本支出强度资本支出/营收 | 7.6% | 5.3% |
| 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 | — | $117.5M |
8季度趋势，按日历期对齐
经营现金流MATMBC
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $86.9M | ||
| Q3 25 | $72.0M | $55.4M | ||
| Q2 25 | $-300.1M | $84.8M | ||
| Q1 25 | $24.8M | $-31.4M | ||
| Q4 24 | $862.1M | $115.1M | ||
| Q3 24 | $155.8M | $80.8M | ||
| Q2 24 | $-252.9M | $77.4M |
自由现金流MATMBC
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $52.5M | ||
| Q3 25 | — | $39.5M | ||
| Q2 25 | — | $66.7M | ||
| Q1 25 | — | $-41.2M | ||
| Q4 24 | — | $68.8M | ||
| Q3 24 | — | $64.5M | ||
| Q2 24 | — | $66.1M |
自由现金流率MATMBC
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | — | 9.8% |
资本支出强度MATMBC
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 1.7% |
现金转化率MATMBC
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | — | ||
| Q3 25 | 0.26× | 3.06× | ||
| Q2 25 | -5.62× | 2.27× | ||
| Q1 25 | — | -2.36× | ||
| Q4 24 | 6.12× | 8.22× | ||
| Q3 24 | 0.42× | 2.78× | ||
| Q2 24 | -4.45× | 1.71× |
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
MAT
暂无分部数据
MBC
| Dealers | $345.7M | 54% |
| Retail | $220.0M | 34% |
| Builders | $78.9M | 12% |
