vs
美泰（MAT）与大都会人寿（MET）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大都会人寿的1.4倍（$862.2M vs $600.0M），大都会人寿净利率更高（134.8% vs 7.1%，领先127.8%），大都会人寿同比增速更快（7.9% vs 4.3%），过去两年大都会人寿的营收复合增速更高（2.0% 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。
大都会人寿（MetLife）是全球规模领先的保险、年金及员工福利服务提供商之一，创立于1868年，业务覆盖超60个国家和地区，服务约9000万客户，2018年位列《财富》美国500强营收排行榜第43位。
MAT vs MET — 直观对比
营收规模更大
MAT
是对方的1.4倍
$600.0M
营收增速更快
MET
高出3.6%
4.3%
净利率更高
MET
高出127.8%
7.1%
两年增速更快
MET
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $600.0M |
| 净利润 | $61.0M | $809.0M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | — |
| 净利率 | 7.1% | 134.8% |
| 营收同比 | 4.3% | 7.9% |
| 净利润同比 | 251.4% | -36.3% |
| 每股收益（稀释后） | $0.20 | $1.18 |
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MATMET
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $600.0M | ||
| Q3 25 | $1.7B | $621.0M | ||
| Q2 25 | $1.0B | $604.0M | ||
| Q1 25 | $826.6M | $611.0M | ||
| Q4 24 | $1.6B | $556.0M | ||
| Q3 24 | $1.8B | $554.0M | ||
| Q2 24 | $1.1B | $558.0M |
净利润MATMET
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $809.0M | ||
| Q3 25 | $278.4M | $896.0M | ||
| Q2 25 | $53.4M | $729.0M | ||
| Q1 25 | $-40.3M | $945.0M | ||
| Q4 24 | $140.9M | $1.3B | ||
| Q3 24 | $372.4M | $1.3B | ||
| Q2 24 | $56.9M | $946.0M |
毛利率MATMET
| 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MATMET
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | — | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | -6.4% | — | ||
| Q4 24 | 9.6% | — | ||
| Q3 24 | 26.5% | — | ||
| Q2 24 | 7.7% | — |
净利率MATMET
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 134.8% | ||
| Q3 25 | 16.0% | 144.3% | ||
| Q2 25 | 5.2% | 120.7% | ||
| Q1 25 | -4.9% | 154.7% | ||
| Q4 24 | 8.6% | 228.6% | ||
| Q3 24 | 20.2% | 242.2% | ||
| Q2 24 | 5.3% | 169.5% |
每股收益（稀释后）MATMET
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $1.18 | ||
| Q3 25 | $0.88 | $1.22 | ||
| Q2 25 | $0.16 | $1.03 | ||
| Q1 25 | $-0.12 | $1.28 | ||
| Q4 24 | $0.40 | $1.75 | ||
| Q3 24 | $1.09 | $1.81 | ||
| Q2 24 | $0.17 | $1.28 |
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 | $25.6B |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $28.4B |
| 总资产 | $6.3B | $745.2B |
| 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MATMET
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $25.6B | ||
| Q3 25 | $691.9M | $26.2B | ||
| Q2 25 | $870.5M | $27.5B | ||
| Q1 25 | $1.2B | $26.9B | ||
| Q4 24 | $1.4B | $25.2B | ||
| Q3 24 | $723.5M | $26.4B | ||
| Q2 24 | $722.4M | $24.6B |
总债务MATMET
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATMET
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $28.4B | ||
| Q3 25 | $2.3B | $28.9B | ||
| Q2 25 | $2.2B | $27.7B | ||
| Q1 25 | $2.1B | $27.5B | ||
| Q4 24 | $2.3B | $27.4B | ||
| Q3 24 | $2.3B | $30.9B | ||
| Q2 24 | $2.0B | $27.3B |
总资产MATMET
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $745.2B | ||
| Q3 25 | $6.6B | $719.7B | ||
| Q2 25 | $6.2B | $702.5B | ||
| Q1 25 | $6.2B | $688.3B | ||
| Q4 24 | $6.5B | $677.5B | ||
| Q3 24 | $6.5B | $705.0B | ||
| Q2 24 | $5.9B | $675.7B |
负债/权益比MATMET
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.01× | — | ||
| 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 | — | $7.1B |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | — |
| 自由现金流率自由现金流/营收 | -10.2% | — |
| 资本支出强度资本支出/营收 | 7.6% | — |
| 现金转化率经营现金流/净利润 | — | 8.75× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MATMET
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $7.1B | ||
| Q3 25 | $72.0M | $3.6B | ||
| Q2 25 | $-300.1M | $2.2B | ||
| Q1 25 | $24.8M | $4.3B | ||
| Q4 24 | $862.1M | $4.6B | ||
| Q3 24 | $155.8M | $4.2B | ||
| Q2 24 | $-252.9M | $3.5B |
自由现金流MATMET
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率MATMET
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度MATMET
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率MATMET
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 8.75× | ||
| Q3 25 | 0.26× | 3.98× | ||
| Q2 25 | -5.62× | 3.00× | ||
| Q1 25 | — | 4.51× | ||
| Q4 24 | 6.12× | 3.63× | ||
| Q3 24 | 0.42× | 3.11× | ||
| Q2 24 | -4.45× | 3.69× |
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
MET
| Other | $165.0M | 28% |
| Prepaidlegalplansandadministrativeonlycontracts | $158.0M | 26% |
| Vision Fee For Service Arrangements | $140.0M | 23% |
| Administrative Service | $76.0M | 13% |
| Distribution Service | $36.0M | 6% |
| Feebasedinvestmentmanagementservices | $25.0M | 4% |
