vs
美泰（MAT）与MERCURY GENERAL CORP（MCY）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MERCURY GENERAL CORP的1.2倍（$1.8B vs $1.5B），MERCURY GENERAL CORP净利率更高（13.2% vs 6.0%，领先7.2%），MERCURY GENERAL CORP同比增速更快（12.4% vs 7.3%），过去两年美泰的营收复合增速更高（47.7% vs 9.8%）
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。
水星通用集团是一家综合性保险机构，业务覆盖个人车险、房主保险、租客保险及商业保险等多个品类，其中车险与房主保险是公司的核心经营板块。
MAT vs MCY — 直观对比
营收规模更大
MAT
是对方的1.2倍
$1.5B
营收增速更快
MCY
高出5.1%
7.3%
净利率更高
MCY
高出7.2%
6.0%
两年增速更快
MAT
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.5B |
| 净利润 | $106.2M | $202.5M |
| 毛利率 | 45.9% | 99.7% |
| 营业利润率 | 8.0% | 16.2% |
| 净利率 | 6.0% | 13.2% |
| 营收同比 | 7.3% | 12.4% |
| 净利润同比 | -24.6% | 100.4% |
| 每股收益（稀释后） | $0.32 | $3.66 |
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MATMCY
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $826.6M | $1.4B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $809.5M | $1.3B |
净利润MATMCY
| Q4 25 | $106.2M | $202.5M | ||
| Q3 25 | $278.4M | $280.4M | ||
| Q2 25 | $53.4M | $166.5M | ||
| Q1 25 | $-40.3M | $-108.3M | ||
| Q4 24 | $140.9M | $101.1M | ||
| Q3 24 | $372.4M | $230.9M | ||
| Q2 24 | $56.9M | $62.6M | ||
| Q1 24 | $-28.3M | $73.5M |
毛利率MATMCY
| Q4 25 | 45.9% | 99.7% | ||
| Q3 25 | 50.0% | 99.8% | ||
| Q2 25 | 50.9% | 99.8% | ||
| Q1 25 | 49.4% | 99.7% | ||
| Q4 24 | 50.7% | 99.7% | ||
| Q3 24 | 53.1% | 99.8% | ||
| Q2 24 | 49.2% | 99.8% | ||
| Q1 24 | 48.0% | 99.7% |
营业利润率MATMCY
| Q4 25 | 8.0% | 16.2% | ||
| Q3 25 | 21.9% | 22.1% | ||
| Q2 25 | 7.7% | 14.0% | ||
| Q1 25 | -6.4% | -10.2% | ||
| Q4 24 | 9.6% | 9.0% | ||
| Q3 24 | 26.5% | 18.8% | ||
| Q2 24 | 7.7% | 5.8% | ||
| Q1 24 | -4.4% | 7.0% |
净利率MATMCY
| Q4 25 | 6.0% | 13.2% | ||
| Q3 25 | 16.0% | 17.7% | ||
| Q2 25 | 5.2% | 11.3% | ||
| Q1 25 | -4.9% | -7.8% | ||
| Q4 24 | 8.6% | 7.4% | ||
| Q3 24 | 20.2% | 15.1% | ||
| Q2 24 | 5.3% | 4.8% | ||
| Q1 24 | -3.5% | 5.8% |
每股收益（稀释后）MATMCY
| Q4 25 | $0.32 | $3.66 | ||
| Q3 25 | $0.88 | $5.06 | ||
| Q2 25 | $0.16 | $3.01 | ||
| Q1 25 | $-0.12 | $-1.96 | ||
| Q4 24 | $0.40 | $1.82 | ||
| Q3 24 | $1.09 | $4.17 | ||
| Q2 24 | $0.17 | $1.13 | ||
| Q1 24 | $-0.08 | $1.33 |
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 | — |
| 总债务越低越好 | $2.3B | $575.0M |
| 股东权益账面价值 | $2.2B | $2.4B |
| 总资产 | $6.6B | $9.6B |
| 负债/权益比越低杠杆越低 | 1.04× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资MATMCY
| Q4 25 | $1.2B | — | ||
| Q3 25 | $691.9M | — | ||
| Q2 25 | $870.5M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $723.5M | — | ||
| Q2 24 | $722.4M | — | ||
| Q1 24 | $1.1B | — |
总债务MATMCY
| Q4 25 | $2.3B | $575.0M | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $575.0M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | — |
股东权益MATMCY
| Q4 25 | $2.2B | $2.4B | ||
| Q3 25 | $2.3B | $2.2B | ||
| Q2 25 | $2.2B | $2.0B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $2.3B | $1.9B | ||
| Q3 24 | $2.3B | $1.9B | ||
| Q2 24 | $2.0B | $1.6B | ||
| Q1 24 | $2.0B | $1.6B |
总资产MATMCY
| Q4 25 | $6.6B | $9.6B | ||
| Q3 25 | $6.6B | $9.4B | ||
| Q2 25 | $6.2B | $9.1B | ||
| Q1 25 | $6.2B | $9.0B | ||
| Q4 24 | $6.5B | $8.3B | ||
| Q3 24 | $6.5B | $8.2B | ||
| Q2 24 | $5.9B | $7.7B | ||
| Q1 24 | $6.1B | $7.4B |
负债/权益比MATMCY
| Q4 25 | 1.04× | 0.24× | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | 0.30× | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 1.18× | — | ||
| Q1 24 | 1.15× | — |
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 | $287.9M |
| 自由现金流经营现金流 - 资本支出 | — | $273.9M |
| 自由现金流率自由现金流/营收 | — | 17.8% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 7.50× | 1.42× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流MATMCY
| Q4 25 | $796.6M | $287.9M | ||
| Q3 25 | $72.0M | $496.4M | ||
| Q2 25 | $-300.1M | $371.6M | ||
| Q1 25 | $24.8M | $-68.7M | ||
| Q4 24 | $862.1M | $248.3M | ||
| Q3 24 | $155.8M | $318.1M | ||
| Q2 24 | $-252.9M | $278.0M | ||
| Q1 24 | $35.5M | $192.6M |
自由现金流MATMCY
| Q4 25 | — | $273.9M | ||
| Q3 25 | — | $479.5M | ||
| Q2 25 | — | $357.2M | ||
| Q1 25 | — | $-81.9M | ||
| Q4 24 | — | $236.0M | ||
| Q3 24 | — | $306.2M | ||
| Q2 24 | — | $266.5M | ||
| Q1 24 | — | $182.4M |
自由现金流率MATMCY
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 30.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 20.0% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | — | 14.3% |
资本支出强度MATMCY
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.8% |
现金转化率MATMCY
| Q4 25 | 7.50× | 1.42× | ||
| Q3 25 | 0.26× | 1.77× | ||
| Q2 25 | -5.62× | 2.23× | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | 2.46× | ||
| Q3 24 | 0.42× | 1.38× | ||
| Q2 24 | -4.45× | 4.44× | ||
| Q1 24 | — | 2.62× |
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% |
MCY
暂无分部数据
