vs
美泰（MAT）与晨星（MORN）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晨星的1.3倍（$862.2M vs $644.8M），晨星同比增速更快（10.8% vs 4.3%），晨星自由现金流更多（$53.6M vs $-88.1M），过去两年晨星的营收复合增速更高（6.2% 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。
晨星（Morningstar, Inc.）是总部位于美国伊利诺伊州芝加哥的金融服务机构，由乔·曼苏托于1984年创立，面向全球提供全方位的投资研究、投资管理等专业服务，是全球颇具知名度的投资资讯服务提供商。
MAT vs MORN — 直观对比
营收规模更大
MAT
是对方的1.3倍
$644.8M
营收增速更快
MORN
高出6.5%
4.3%
自由现金流更多
MORN
多$141.7M
$-88.1M
两年增速更快
MORN
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $644.8M |
| 净利润 | $61.0M | — |
| 毛利率 | 44.9% | 62.9% |
| 营业利润率 | — | 24.2% |
| 净利率 | 7.1% | — |
| 营收同比 | 4.3% | 10.8% |
| 净利润同比 | 251.4% | — |
| 每股收益（稀释后） | $0.20 | $2.73 |
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MATMORN
| Q1 26 | $862.2M | $644.8M | ||
| Q4 25 | $1.8B | $641.1M | ||
| Q3 25 | $1.7B | $617.4M | ||
| Q2 25 | $1.0B | $605.1M | ||
| Q1 25 | $826.6M | $581.9M | ||
| Q4 24 | $1.6B | $591.0M | ||
| Q3 24 | $1.8B | $569.4M | ||
| Q2 24 | $1.1B | $571.9M |
净利润MATMORN
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $115.1M | ||
| Q3 25 | $278.4M | $91.6M | ||
| Q2 25 | $53.4M | $89.0M | ||
| Q1 25 | $-40.3M | $78.5M | ||
| Q4 24 | $140.9M | $116.9M | ||
| Q3 24 | $372.4M | $119.7M | ||
| Q2 24 | $56.9M | $69.1M |
毛利率MATMORN
| Q1 26 | 44.9% | 62.9% | ||
| Q4 25 | 45.9% | 61.1% | ||
| Q3 25 | 50.0% | 60.9% | ||
| Q2 25 | 50.9% | 61.9% | ||
| Q1 25 | 49.4% | 60.2% | ||
| Q4 24 | 50.7% | 60.7% | ||
| Q3 24 | 53.1% | 60.9% | ||
| Q2 24 | 49.2% | 61.1% |
营业利润率MATMORN
| Q1 26 | — | 24.2% | ||
| Q4 25 | 8.0% | 24.9% | ||
| Q3 25 | 21.9% | 20.7% | ||
| Q2 25 | 7.7% | 20.7% | ||
| Q1 25 | -6.4% | 19.6% | ||
| Q4 24 | 9.6% | 28.5% | ||
| Q3 24 | 26.5% | 20.3% | ||
| Q2 24 | 7.7% | 19.0% |
净利率MATMORN
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 18.0% | ||
| Q3 25 | 16.0% | 14.8% | ||
| Q2 25 | 5.2% | 14.7% | ||
| Q1 25 | -4.9% | 13.5% | ||
| Q4 24 | 8.6% | 19.8% | ||
| Q3 24 | 20.2% | 21.0% | ||
| Q2 24 | 5.3% | 12.1% |
每股收益（稀释后）MATMORN
| Q1 26 | $0.20 | $2.73 | ||
| Q4 25 | $0.32 | $2.79 | ||
| Q3 25 | $0.88 | $2.17 | ||
| Q2 25 | $0.16 | $2.09 | ||
| Q1 25 | $-0.12 | $1.82 | ||
| Q4 24 | $0.40 | $2.72 | ||
| Q3 24 | $1.09 | $2.77 | ||
| Q2 24 | $0.17 | $1.60 |
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 | $492.8M |
| 总债务越低越好 | $2.3B | $1.7B |
| 股东权益账面价值 | $2.1B | $1.0B |
| 总资产 | $6.3B | $4.0B |
| 负债/权益比越低杠杆越低 | 1.11× | 1.68× |
8季度趋势，按日历期对齐
现金及短期投资MATMORN
| Q1 26 | $866.0M | $492.8M | ||
| Q4 25 | $1.2B | $528.7M | ||
| Q3 25 | $691.9M | $40.3M | ||
| Q2 25 | $870.5M | $38.1M | ||
| Q1 25 | $1.2B | $47.7M | ||
| Q4 24 | $1.4B | $551.0M | ||
| Q3 24 | $723.5M | $48.8M | ||
| Q2 24 | $722.4M | $48.0M |
总债务MATMORN
| Q1 26 | $2.3B | $1.7B | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | $848.9M | ||
| Q2 25 | $2.3B | $838.8M | ||
| Q1 25 | $2.3B | $803.7M | ||
| Q4 24 | $2.3B | $698.6M | ||
| Q3 24 | $2.3B | $864.7M | ||
| Q2 24 | $2.3B | $899.6M |
股东权益MATMORN
| Q1 26 | $2.1B | $1.0B | ||
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.3B | $1.6B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.0B | $1.4B |
总资产MATMORN
| Q1 26 | $6.3B | $4.0B | ||
| Q4 25 | $6.6B | $3.6B | ||
| Q3 25 | $6.6B | $3.6B | ||
| Q2 25 | $6.2B | $3.6B | ||
| Q1 25 | $6.2B | $3.6B | ||
| Q4 24 | $6.5B | $3.5B | ||
| Q3 24 | $6.5B | $3.6B | ||
| Q2 24 | $5.9B | $3.4B |
负债/权益比MATMORN
| Q1 26 | 1.11× | 1.68× | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.03× | 0.56× | ||
| Q2 25 | 1.08× | 0.52× | ||
| Q1 25 | 1.10× | 0.50× | ||
| Q4 24 | 1.03× | 0.43× | ||
| Q3 24 | 1.01× | 0.55× | ||
| Q2 24 | 1.18× | 0.63× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $53.6M |
| 自由现金流率自由现金流/营收 | -10.2% | 8.3% |
| 资本支出强度资本支出/营收 | 7.6% | 5.9% |
| 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 | — | $437.4M |
8季度趋势，按日历期对齐
经营现金流MATMORN
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $204.0M | ||
| Q3 25 | $72.0M | $195.7M | ||
| Q2 25 | $-300.1M | $99.0M | ||
| Q1 25 | $24.8M | $91.0M | ||
| Q4 24 | $862.1M | $153.4M | ||
| Q3 24 | $155.8M | $191.9M | ||
| Q2 24 | $-252.9M | $152.7M |
自由现金流MATMORN
| Q1 26 | $-88.1M | $53.6M | ||
| Q4 25 | — | $161.3M | ||
| Q3 25 | — | $160.1M | ||
| Q2 25 | — | $62.4M | ||
| Q1 25 | — | $58.8M | ||
| Q4 24 | — | $112.8M | ||
| Q3 24 | — | $155.8M | ||
| Q2 24 | — | $120.8M |
自由现金流率MATMORN
| Q1 26 | -10.2% | 8.3% | ||
| Q4 25 | — | 25.2% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 21.1% |
资本支出强度MATMORN
| Q1 26 | 7.6% | 5.9% | ||
| Q4 25 | — | 6.7% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 6.0% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | — | 5.6% |
现金转化率MATMORN
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 1.77× | ||
| Q3 25 | 0.26× | 2.14× | ||
| Q2 25 | -5.62× | 1.11× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | 6.12× | 1.31× | ||
| Q3 24 | 0.42× | 1.60× | ||
| Q2 24 | -4.45× | 2.21× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
