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美泰（MAT）与MDU RESOURCES GROUP INC（MDU）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MDU RESOURCES GROUP INC的1.6倍（$862.2M vs $522.6M），MDU RESOURCES GROUP INC净利率更高（14.6% vs 7.1%，领先7.5%），美泰同比增速更快（4.3% vs -1.6%），美泰自由现金流更多（$-88.1M vs $-336.0M），过去两年MDU RESOURCES GROUP INC的营收复合增速更高（-5.7% 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。
MDU资源集团是一家总部位于美国北达科他州俾斯麦的企业，业务涵盖受监管的能源输送供应，以及公用事业相关的建筑材料与服务，业务范围覆盖美国48个州，是当地能源及基建服务领域的重要参与者。
MAT vs MDU — 直观对比
营收规模更大
MAT
是对方的1.6倍
$522.6M
营收增速更快
MAT
高出5.9%
-1.6%
净利率更高
MDU
高出7.5%
7.1%
自由现金流更多
MAT
多$247.9M
$-336.0M
两年增速更快
MDU
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $522.6M |
| 净利润 | $61.0M | $76.3M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | 20.5% |
| 净利率 | 7.1% | 14.6% |
| 营收同比 | 4.3% | -1.6% |
| 净利润同比 | 251.4% | 38.4% |
| 每股收益（稀释后） | $0.20 | $0.37 |
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MATMDU
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $522.6M | ||
| Q3 25 | $1.7B | $313.6M | ||
| Q2 25 | $1.0B | $348.7M | ||
| Q1 25 | $826.6M | $678.0M | ||
| Q4 24 | $1.6B | $531.0M | ||
| Q3 24 | $1.8B | $290.7M | ||
| Q2 24 | $1.1B | $343.1M |
净利润MATMDU
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $76.3M | ||
| Q3 25 | $278.4M | $18.3M | ||
| Q2 25 | $53.4M | $13.8M | ||
| Q1 25 | $-40.3M | $82.0M | ||
| Q4 24 | $140.9M | $55.2M | ||
| Q3 24 | $372.4M | $64.6M | ||
| Q2 24 | $56.9M | $60.4M |
毛利率MATMDU
| 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MATMDU
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 20.5% | ||
| Q3 25 | 21.9% | 12.7% | ||
| Q2 25 | 7.7% | 8.7% | ||
| Q1 25 | -6.4% | 16.6% | ||
| Q4 24 | 9.6% | 17.8% | ||
| Q3 24 | 26.5% | 12.0% | ||
| Q2 24 | 7.7% | 11.5% |
净利率MATMDU
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 14.6% | ||
| Q3 25 | 16.0% | 5.8% | ||
| Q2 25 | 5.2% | 4.0% | ||
| Q1 25 | -4.9% | 12.1% | ||
| Q4 24 | 8.6% | 10.4% | ||
| Q3 24 | 20.2% | 22.2% | ||
| Q2 24 | 5.3% | 17.6% |
每股收益（稀释后）MATMDU
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $0.37 | ||
| Q3 25 | $0.88 | $0.09 | ||
| Q2 25 | $0.16 | $0.07 | ||
| Q1 25 | $-0.12 | $0.40 | ||
| Q4 24 | $0.40 | $0.26 | ||
| Q3 24 | $1.09 | $0.32 | ||
| Q2 24 | $0.17 | $0.30 |
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 | $28.2M |
| 总债务越低越好 | $2.3B | $2.7B |
| 股东权益账面价值 | $2.1B | $2.8B |
| 总资产 | $6.3B | $7.6B |
| 负债/权益比越低杠杆越低 | 1.11× | 0.97× |
8季度趋势，按日历期对齐
现金及短期投资MATMDU
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $28.2M | ||
| Q3 25 | $691.9M | $75.9M | ||
| Q2 25 | $870.5M | $58.8M | ||
| Q1 25 | $1.2B | $59.5M | ||
| Q4 24 | $1.4B | $66.9M | ||
| Q3 24 | $723.5M | $88.3M | ||
| Q2 24 | $722.4M | $78.8M |
总债务MATMDU
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $2.7B | ||
| Q3 25 | $2.3B | $2.4B | ||
| Q2 25 | $2.3B | $2.2B | ||
| Q1 25 | $2.3B | $2.2B | ||
| Q4 24 | $2.3B | $2.3B | ||
| Q3 24 | $2.3B | $2.3B | ||
| Q2 24 | $2.3B | $2.3B |
股东权益MATMDU
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $2.8B | ||
| Q3 25 | $2.3B | $2.7B | ||
| Q2 25 | $2.2B | $2.7B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.3B | $2.7B | ||
| Q3 24 | $2.3B | $3.1B | ||
| Q2 24 | $2.0B | $3.0B |
总资产MATMDU
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $7.6B | ||
| Q3 25 | $6.6B | $7.2B | ||
| Q2 25 | $6.2B | $6.9B | ||
| Q1 25 | $6.2B | $7.0B | ||
| Q4 24 | $6.5B | $7.0B | ||
| Q3 24 | $6.5B | $8.2B | ||
| Q2 24 | $5.9B | $8.0B |
负债/权益比MATMDU
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 0.97× | ||
| Q3 25 | 1.03× | 0.86× | ||
| Q2 25 | 1.08× | 0.80× | ||
| Q1 25 | 1.10× | 0.80× | ||
| Q4 24 | 1.03× | 0.85× | ||
| Q3 24 | 1.01× | 0.76× | ||
| Q2 24 | 1.18× | 0.75× |
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 | — | $80.6M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $-336.0M |
| 自由现金流率自由现金流/营收 | -10.2% | -64.3% |
| 资本支出强度资本支出/营收 | 7.6% | 79.7% |
| 现金转化率经营现金流/净利润 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | — | $-297.0M |
8季度趋势，按日历期对齐
经营现金流MATMDU
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $80.6M | ||
| Q3 25 | $72.0M | $57.9M | ||
| Q2 25 | $-300.1M | $117.4M | ||
| Q1 25 | $24.8M | $217.5M | ||
| Q4 24 | $862.1M | $60.5M | ||
| Q3 24 | $155.8M | $140.2M | ||
| Q2 24 | $-252.9M | $136.5M |
自由现金流MATMDU
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $-336.0M | ||
| Q3 25 | — | $-121.9M | ||
| Q2 25 | — | $36.5M | ||
| Q1 25 | — | $124.4M | ||
| Q4 24 | — | $-95.8M | ||
| Q3 24 | — | $673.0K | ||
| Q2 24 | — | $26.5M |
自由现金流率MATMDU
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | -64.3% | ||
| Q3 25 | — | -38.9% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 18.4% | ||
| Q4 24 | — | -18.0% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 7.7% |
资本支出强度MATMDU
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 79.7% | ||
| Q3 25 | — | 57.3% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 32.0% |
现金转化率MATMDU
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 1.06× | ||
| Q3 25 | 0.26× | 3.16× | ||
| Q2 25 | -5.62× | 8.52× | ||
| Q1 25 | — | 2.65× | ||
| Q4 24 | 6.12× | 1.10× | ||
| Q3 24 | 0.42× | 2.17× | ||
| Q2 24 | -4.45× | 2.26× |
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
MDU
| Natural Gas Distribution | $382.8M | 73% |
| Commercial Utility Sales | $42.7M | 8% |
| Residential Utility Sales | $33.7M | 6% |
| Pipelineand Midstream | $31.1M | 6% |
| Natural Gas Transportation | $17.2M | 3% |
| Industrial Utility Sales | $10.1M | 2% |
| Natural Gas Storage | $6.4M | 1% |
| Other Utility Sales | $1.9M | 0% |
