vs
美泰（MAT）与微芯科技（MCHP）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微芯科技的1.5倍（$1.8B vs $1.2B），美泰净利率更高（6.0% vs 5.3%，领先0.7%），微芯科技同比增速更快（15.6% vs 7.3%），过去两年美泰的营收复合增速更高（47.7% vs -5.4%）
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。
微芯科技（Microchip Technology）是美国知名上市半导体企业，主营微控制器、混合信号芯片、模拟芯片及闪存知识产权（Flash-IP）相关集成电路的研发、生产与销售，产品覆盖工业控制、汽车电子、消费电子、物联网等众多领域，在全球半导体细分市场拥有领先地位。
MAT vs MCHP — 直观对比
营收规模更大
MAT
是对方的1.5倍
$1.2B
营收增速更快
MCHP
高出8.3%
7.3%
净利率更高
MAT
高出0.7%
5.3%
两年增速更快
MAT
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $106.2M | $62.7M |
| 毛利率 | 45.9% | 59.6% |
| 营业利润率 | 8.0% | 12.8% |
| 净利率 | 6.0% | 5.3% |
| 营收同比 | 7.3% | 15.6% |
| 净利润同比 | -24.6% | 217.0% |
| 每股收益（稀释后） | $0.32 | $0.06 |
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MATMCHP
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $826.6M | $970.5M | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $809.5M | $1.3B |
净利润MATMCHP
| Q4 25 | $106.2M | $62.7M | ||
| Q3 25 | $278.4M | $41.7M | ||
| Q2 25 | $53.4M | $-18.6M | ||
| Q1 25 | $-40.3M | $-154.6M | ||
| Q4 24 | $140.9M | $-53.6M | ||
| Q3 24 | $372.4M | $78.4M | ||
| Q2 24 | $56.9M | $129.3M | ||
| Q1 24 | $-28.3M | $154.7M |
毛利率MATMCHP
| Q4 25 | 45.9% | 59.6% | ||
| Q3 25 | 50.0% | 55.9% | ||
| Q2 25 | 50.9% | 53.6% | ||
| Q1 25 | 49.4% | 51.6% | ||
| Q4 24 | 50.7% | 54.7% | ||
| Q3 24 | 53.1% | 57.4% | ||
| Q2 24 | 49.2% | 59.4% | ||
| Q1 24 | 48.0% | 59.6% |
营业利润率MATMCHP
| Q4 25 | 8.0% | 12.8% | ||
| Q3 25 | 21.9% | 7.8% | ||
| Q2 25 | 7.7% | 3.0% | ||
| Q1 25 | -6.4% | -10.3% | ||
| Q4 24 | 9.6% | 3.0% | ||
| Q3 24 | 26.5% | 12.6% | ||
| Q2 24 | 7.7% | 17.7% | ||
| Q1 24 | -4.4% | 19.1% |
净利率MATMCHP
| Q4 25 | 6.0% | 5.3% | ||
| Q3 25 | 16.0% | 3.7% | ||
| Q2 25 | 5.2% | -1.7% | ||
| Q1 25 | -4.9% | -15.9% | ||
| Q4 24 | 8.6% | -5.2% | ||
| Q3 24 | 20.2% | 6.7% | ||
| Q2 24 | 5.3% | 10.4% | ||
| Q1 24 | -3.5% | 11.7% |
每股收益（稀释后）MATMCHP
| Q4 25 | $0.32 | $0.06 | ||
| Q3 25 | $0.88 | $0.03 | ||
| Q2 25 | $0.16 | $-0.09 | ||
| Q1 25 | $-0.12 | $-0.29 | ||
| Q4 24 | $0.40 | $-0.10 | ||
| Q3 24 | $1.09 | $0.14 | ||
| Q2 24 | $0.17 | $0.24 | ||
| Q1 24 | $-0.08 | $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 | $1.2B | $250.7M |
| 总债务越低越好 | $2.3B | $5.4B |
| 股东权益账面价值 | $2.2B | $6.6B |
| 总资产 | $6.6B | $14.3B |
| 负债/权益比越低杠杆越低 | 1.04× | 0.82× |
8季度趋势，按日历期对齐
现金及短期投资MATMCHP
| Q4 25 | $1.2B | $250.7M | ||
| Q3 25 | $691.9M | $236.8M | ||
| Q2 25 | $870.5M | $566.5M | ||
| Q1 25 | $1.2B | $771.7M | ||
| Q4 24 | $1.4B | $586.0M | ||
| Q3 24 | $723.5M | $286.1M | ||
| Q2 24 | $722.4M | $315.1M | ||
| Q1 24 | $1.1B | $319.7M |
总债务MATMCHP
| Q4 25 | $2.3B | $5.4B | ||
| Q3 25 | $2.3B | $5.4B | ||
| Q2 25 | $2.3B | $5.5B | ||
| Q1 25 | $2.3B | $5.6B | ||
| Q4 24 | $2.3B | $6.7B | ||
| Q3 24 | $2.3B | $6.4B | ||
| Q2 24 | $2.3B | $6.2B | ||
| Q1 24 | $2.3B | $6.0B |
股东权益MATMCHP
| Q4 25 | $2.2B | $6.6B | ||
| Q3 25 | $2.3B | $6.7B | ||
| Q2 25 | $2.2B | $6.9B | ||
| Q1 25 | $2.1B | $7.1B | ||
| Q4 24 | $2.3B | $6.0B | ||
| Q3 24 | $2.3B | $6.3B | ||
| Q2 24 | $2.0B | $6.4B | ||
| Q1 24 | $2.0B | $6.7B |
总资产MATMCHP
| Q4 25 | $6.6B | $14.3B | ||
| Q3 25 | $6.6B | $14.5B | ||
| Q2 25 | $6.2B | $15.0B | ||
| Q1 25 | $6.2B | $15.4B | ||
| Q4 24 | $6.5B | $15.6B | ||
| Q3 24 | $6.5B | $15.6B | ||
| Q2 24 | $5.9B | $15.8B | ||
| Q1 24 | $6.1B | $15.9B |
负债/权益比MATMCHP
| Q4 25 | 1.04× | 0.82× | ||
| Q3 25 | 1.03× | 0.80× | ||
| Q2 25 | 1.08× | 0.80× | ||
| Q1 25 | 1.10× | 0.80× | ||
| Q4 24 | 1.03× | 1.12× | ||
| Q3 24 | 1.01× | 1.02× | ||
| Q2 24 | 1.18× | 0.96× | ||
| Q1 24 | 1.15× | 0.90× |
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 | $796.6M | $341.4M |
| 自由现金流经营现金流 - 资本支出 | — | $318.9M |
| 自由现金流率自由现金流/营收 | — | 26.9% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 现金转化率经营现金流/净利润 | 7.50× | 5.44× |
| 过去12个月自由现金流最近4个季度 | — | $819.9M |
8季度趋势，按日历期对齐
经营现金流MATMCHP
| Q4 25 | $796.6M | $341.4M | ||
| Q3 25 | $72.0M | $88.1M | ||
| Q2 25 | $-300.1M | $275.6M | ||
| Q1 25 | $24.8M | $205.9M | ||
| Q4 24 | $862.1M | $271.5M | ||
| Q3 24 | $155.8M | $43.6M | ||
| Q2 24 | $-252.9M | $377.1M | ||
| Q1 24 | $35.5M | $430.0M |
自由现金流MATMCHP
| Q4 25 | — | $318.9M | ||
| Q3 25 | — | $51.6M | ||
| Q2 25 | — | $257.7M | ||
| Q1 25 | — | $191.7M | ||
| Q4 24 | — | $253.4M | ||
| Q3 24 | — | $22.8M | ||
| Q2 24 | — | $304.2M | ||
| Q1 24 | — | $389.9M |
自由现金流率MATMCHP
| Q4 25 | — | 26.9% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 24.0% | ||
| Q1 25 | — | 19.8% | ||
| Q4 24 | — | 24.7% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 24.5% | ||
| Q1 24 | — | 29.4% |
资本支出强度MATMCHP
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | 3.0% |
现金转化率MATMCHP
| Q4 25 | 7.50× | 5.44× | ||
| Q3 25 | 0.26× | 2.11× | ||
| Q2 25 | -5.62× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | 0.56× | ||
| Q2 24 | -4.45× | 2.92× | ||
| Q1 24 | — | 2.78× |
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
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
