vs
美泰（MAT）与美满电子科技（MRVL）财务数据对比。点击上方公司名可切换其他公司
美满电子科技的季度营收约是美泰的2.4倍（$2.1B vs $862.2M），美满电子科技净利率更高（91.7% vs 7.1%，领先84.6%），美满电子科技同比增速更快（36.8% vs 4.3%），美满电子科技自由现金流更多（$508.8M vs $-88.1M），过去两年美满电子科技的营收复合增速更高（20.6% 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。
美满电子科技是总部位于美国加利福尼亚州圣克拉拉的半导体企业，成立于1995年，专注于半导体及相关技术的研发与生产。截至2024年，公司全球员工超6500人，持有全球专利超1万项，2024财年总营收达55亿美元。
MAT vs MRVL — 直观对比
营收规模更大
MRVL
是对方的2.4倍
$862.2M
营收增速更快
MRVL
高出32.5%
4.3%
净利率更高
MRVL
高出84.6%
7.1%
自由现金流更多
MRVL
多$596.9M
$-88.1M
两年增速更快
MRVL
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $2.1B |
| 净利润 | $61.0M | $1.9B |
| 毛利率 | 44.9% | 51.6% |
| 营业利润率 | — | 17.2% |
| 净利率 | 7.1% | 91.7% |
| 营收同比 | 4.3% | 36.8% |
| 净利润同比 | 251.4% | 381.1% |
| 每股收益（稀释后） | $0.20 | $2.20 |
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MATMRVL
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $2.1B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $826.6M | $1.8B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B |
净利润MATMRVL
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $1.9B | ||
| Q3 25 | $278.4M | $194.8M | ||
| Q2 25 | $53.4M | $177.9M | ||
| Q1 25 | $-40.3M | $200.2M | ||
| Q4 24 | $140.9M | $-676.3M | ||
| Q3 24 | $372.4M | $-193.3M | ||
| Q2 24 | $56.9M | $-215.6M |
毛利率MATMRVL
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 51.6% | ||
| Q3 25 | 50.0% | 50.4% | ||
| Q2 25 | 50.9% | 50.3% | ||
| Q1 25 | 49.4% | 50.5% | ||
| Q4 24 | 50.7% | 23.0% | ||
| Q3 24 | 53.1% | 46.2% | ||
| Q2 24 | 49.2% | 45.5% |
营业利润率MATMRVL
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 17.2% | ||
| Q3 25 | 21.9% | 14.5% | ||
| Q2 25 | 7.7% | 14.3% | ||
| Q1 25 | -6.4% | 12.9% | ||
| Q4 24 | 9.6% | -46.4% | ||
| Q3 24 | 26.5% | -7.9% | ||
| Q2 24 | 7.7% | -13.1% |
净利率MATMRVL
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 91.7% | ||
| Q3 25 | 16.0% | 9.7% | ||
| Q2 25 | 5.2% | 9.4% | ||
| Q1 25 | -4.9% | 11.0% | ||
| Q4 24 | 8.6% | -44.6% | ||
| Q3 24 | 20.2% | -15.2% | ||
| Q2 24 | 5.3% | -18.6% |
每股收益（稀释后）MATMRVL
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $2.20 | ||
| Q3 25 | $0.88 | $0.22 | ||
| Q2 25 | $0.16 | $0.20 | ||
| Q1 25 | $-0.12 | $0.23 | ||
| Q4 24 | $0.40 | $-0.78 | ||
| Q3 24 | $1.09 | $-0.22 | ||
| Q2 24 | $0.17 | $-0.25 |
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 | $2.7B |
| 总债务越低越好 | $2.3B | $4.5B |
| 股东权益账面价值 | $2.1B | $14.1B |
| 总资产 | $6.3B | $21.6B |
| 负债/权益比越低杠杆越低 | 1.11× | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资MATMRVL
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $2.7B | ||
| Q3 25 | $691.9M | $1.2B | ||
| Q2 25 | $870.5M | $885.9M | ||
| Q1 25 | $1.2B | $948.3M | ||
| Q4 24 | $1.4B | $868.1M | ||
| Q3 24 | $723.5M | $808.7M | ||
| Q2 24 | $722.4M | $847.7M |
总债务MATMRVL
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $4.5B | ||
| Q3 25 | $2.3B | $4.5B | ||
| Q2 25 | $2.3B | $4.2B | ||
| Q1 25 | $2.3B | $4.1B | ||
| Q4 24 | $2.3B | $4.1B | ||
| Q3 24 | $2.3B | $4.1B | ||
| Q2 24 | $2.3B | $4.1B |
股东权益MATMRVL
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $14.1B | ||
| Q3 25 | $2.3B | $13.4B | ||
| Q2 25 | $2.2B | $13.3B | ||
| Q1 25 | $2.1B | $13.4B | ||
| Q4 24 | $2.3B | $13.4B | ||
| Q3 24 | $2.3B | $14.2B | ||
| Q2 24 | $2.0B | $14.5B |
总资产MATMRVL
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $21.6B | ||
| Q3 25 | $6.6B | $20.6B | ||
| Q2 25 | $6.2B | $20.0B | ||
| Q1 25 | $6.2B | $20.2B | ||
| Q4 24 | $6.5B | $19.7B | ||
| Q3 24 | $6.5B | $20.3B | ||
| Q2 24 | $5.9B | $20.5B |
负债/权益比MATMRVL
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 0.32× | ||
| Q3 25 | 1.03× | 0.33× | ||
| Q2 25 | 1.08× | 0.32× | ||
| Q1 25 | 1.10× | 0.30× | ||
| Q4 24 | 1.03× | 0.31× | ||
| Q3 24 | 1.01× | 0.29× | ||
| Q2 24 | 1.18× | 0.29× |
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 | — | $582.3M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $508.8M |
| 自由现金流率自由现金流/营收 | -10.2% | 24.5% |
| 资本支出强度资本支出/营收 | 7.6% | 3.5% |
| 现金转化率经营现金流/净利润 | — | 0.31× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流MATMRVL
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $582.3M | ||
| Q3 25 | $72.0M | $461.6M | ||
| Q2 25 | $-300.1M | $332.9M | ||
| Q1 25 | $24.8M | $514.0M | ||
| Q4 24 | $862.1M | $536.3M | ||
| Q3 24 | $155.8M | $306.4M | ||
| Q2 24 | $-252.9M | $324.5M |
自由现金流MATMRVL
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $508.8M | ||
| Q3 25 | — | $414.1M | ||
| Q2 25 | — | $214.1M | ||
| Q1 25 | — | $444.1M | ||
| Q4 24 | — | $461.3M | ||
| Q3 24 | — | $258.2M | ||
| Q2 24 | — | $233.0M |
自由现金流率MATMRVL
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 24.5% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 11.3% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 30.4% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 20.1% |
资本支出强度MATMRVL
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 4.9% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 7.9% |
现金转化率MATMRVL
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 0.31× | ||
| Q3 25 | 0.26× | 2.37× | ||
| Q2 25 | -5.62× | 1.87× | ||
| Q1 25 | — | 2.57× | ||
| 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
