vs
美泰（MAT）与麦格劳希尔（MH）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麦格劳希尔的2.0倍（$862.2M vs $434.2M），美泰净利率更高（7.1% vs -4.7%，领先11.7%），美泰同比增速更快（4.3% vs -35.1%），麦格劳希尔自由现金流更多（$285.4M vs $-88.1M）
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。
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
MAT vs MH — 直观对比
营收规模更大
MAT
是对方的2.0倍
$434.2M
营收增速更快
MAT
高出39.4%
-35.1%
净利率更高
MAT
高出11.7%
-4.7%
自由现金流更多
MH
多$373.5M
$-88.1M
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $434.2M |
| 净利润 | $61.0M | $-20.2M |
| 毛利率 | 44.9% | 85.3% |
| 营业利润率 | — | 7.0% |
| 净利率 | 7.1% | -4.7% |
| 营收同比 | 4.3% | -35.1% |
| 净利润同比 | 251.4% | -119.2% |
| 每股收益（稀释后） | $0.20 | $-0.11 |
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MATMH
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $434.2M | ||
| Q3 25 | $1.7B | $669.2M | ||
| Q2 25 | $1.0B | $535.7M | ||
| Q1 25 | $826.6M | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.1B | — |
净利润MATMH
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $-20.2M | ||
| Q3 25 | $278.4M | $105.3M | ||
| Q2 25 | $53.4M | $502.0K | ||
| Q1 25 | $-40.3M | — | ||
| Q4 24 | $140.9M | — | ||
| Q3 24 | $372.4M | — | ||
| Q2 24 | $56.9M | — |
毛利率MATMH
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 85.3% | ||
| Q3 25 | 50.0% | 79.2% | ||
| Q2 25 | 50.9% | 77.0% | ||
| Q1 25 | 49.4% | — | ||
| Q4 24 | 50.7% | — | ||
| Q3 24 | 53.1% | — | ||
| Q2 24 | 49.2% | — |
营业利润率MATMH
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 7.0% | ||
| Q3 25 | 21.9% | 23.4% | ||
| Q2 25 | 7.7% | 18.0% | ||
| Q1 25 | -6.4% | — | ||
| Q4 24 | 9.6% | — | ||
| Q3 24 | 26.5% | — | ||
| Q2 24 | 7.7% | — |
净利率MATMH
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | -4.7% | ||
| Q3 25 | 16.0% | 15.7% | ||
| Q2 25 | 5.2% | 0.1% | ||
| Q1 25 | -4.9% | — | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 20.2% | — | ||
| Q2 24 | 5.3% | — |
每股收益（稀释后）MATMH
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $-0.11 | ||
| Q3 25 | $0.88 | $0.57 | ||
| Q2 25 | $0.16 | $0.00 | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $1.09 | — | ||
| Q2 24 | $0.17 | — |
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 | $514.4M |
| 总债务越低越好 | $2.3B | $2.6B |
| 股东权益账面价值 | $2.1B | $775.3M |
| 总资产 | $6.3B | $5.6B |
| 负债/权益比越低杠杆越低 | 1.11× | 3.36× |
8季度趋势，按日历期对齐
现金及短期投资MATMH
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $514.4M | ||
| Q3 25 | $691.9M | $463.2M | ||
| Q2 25 | $870.5M | $247.3M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $723.5M | — | ||
| Q2 24 | $722.4M | — |
总债务MATMH
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $2.6B | ||
| Q3 25 | $2.3B | $2.8B | ||
| Q2 25 | $2.3B | $3.2B | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATMH
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $775.3M | ||
| Q3 25 | $2.3B | $794.6M | ||
| Q2 25 | $2.2B | $283.3M | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.0B | — |
总资产MATMH
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $5.6B | ||
| Q3 25 | $6.6B | $6.0B | ||
| Q2 25 | $6.2B | $5.7B | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $6.5B | — | ||
| Q3 24 | $6.5B | — | ||
| Q2 24 | $5.9B | — |
负债/权益比MATMH
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 3.36× | ||
| Q3 25 | 1.03× | 3.52× | ||
| Q2 25 | 1.08× | 11.17× | ||
| 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 | — | $309.0M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $285.4M |
| 自由现金流率自由现金流/营收 | -10.2% | 65.7% |
| 资本支出强度资本支出/营收 | 7.6% | 5.4% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流MATMH
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $309.0M | ||
| Q3 25 | $72.0M | $265.0M | ||
| Q2 25 | $-300.1M | $-96.7M | ||
| Q1 25 | $24.8M | — | ||
| Q4 24 | $862.1M | — | ||
| Q3 24 | $155.8M | — | ||
| Q2 24 | $-252.9M | — |
自由现金流MATMH
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $285.4M | ||
| Q3 25 | — | $243.8M | ||
| Q2 25 | — | $-112.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率MATMH
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 65.7% | ||
| Q3 25 | — | 36.4% | ||
| Q2 25 | — | -21.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度MATMH
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率MATMH
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | — | ||
| Q3 25 | 0.26× | 2.52× | ||
| Q2 25 | -5.62× | -192.53× | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | -4.45× | — |
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
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
