vs
美泰（MAT）与MSA Safety Inc（MSA）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MSA Safety Inc的1.7倍（$862.2M vs $510.9M），MSA Safety Inc净利率更高（17.0% vs 7.1%，领先9.9%），美泰同比增速更快（4.3% vs 2.2%），MSA Safety Inc自由现金流更多（$106.0M vs $-88.1M），过去两年MSA Safety Inc的营收复合增速更高（11.2% 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。
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
MAT vs MSA — 直观对比
营收规模更大
MAT
是对方的1.7倍
$510.9M
营收增速更快
MAT
高出2.1%
2.2%
净利率更高
MSA
高出9.9%
7.1%
自由现金流更多
MSA
多$194.1M
$-88.1M
两年增速更快
MSA
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $510.9M |
| 净利润 | $61.0M | $86.9M |
| 毛利率 | 44.9% | 46.9% |
| 营业利润率 | — | 22.3% |
| 净利率 | 7.1% | 17.0% |
| 营收同比 | 4.3% | 2.2% |
| 净利润同比 | 251.4% | -1.2% |
| 每股收益（稀释后） | $0.20 | $2.22 |
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MATMSA
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $510.9M | ||
| Q3 25 | $1.7B | $468.4M | ||
| Q2 25 | $1.0B | $474.1M | ||
| Q1 25 | $826.6M | $421.3M | ||
| Q4 24 | $1.6B | $499.7M | ||
| Q3 24 | $1.8B | $432.7M | ||
| Q2 24 | $1.1B | $462.5M |
净利润MATMSA
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $86.9M | ||
| Q3 25 | $278.4M | $69.6M | ||
| Q2 25 | $53.4M | $62.8M | ||
| Q1 25 | $-40.3M | $59.6M | ||
| Q4 24 | $140.9M | $87.9M | ||
| Q3 24 | $372.4M | $66.6M | ||
| Q2 24 | $56.9M | $72.2M |
毛利率MATMSA
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 46.9% | ||
| Q3 25 | 50.0% | 46.5% | ||
| Q2 25 | 50.9% | 46.6% | ||
| Q1 25 | 49.4% | 45.9% | ||
| Q4 24 | 50.7% | 46.9% | ||
| Q3 24 | 53.1% | 47.9% | ||
| Q2 24 | 49.2% | 48.2% |
营业利润率MATMSA
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 22.3% | ||
| Q3 25 | 21.9% | 20.1% | ||
| Q2 25 | 7.7% | 18.1% | ||
| Q1 25 | -6.4% | 18.5% | ||
| Q4 24 | 9.6% | 23.5% | ||
| Q3 24 | 26.5% | 21.1% | ||
| Q2 24 | 7.7% | 21.6% |
净利率MATMSA
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 17.0% | ||
| Q3 25 | 16.0% | 14.9% | ||
| Q2 25 | 5.2% | 13.2% | ||
| Q1 25 | -4.9% | 14.1% | ||
| Q4 24 | 8.6% | 17.6% | ||
| Q3 24 | 20.2% | 15.4% | ||
| Q2 24 | 5.3% | 15.6% |
每股收益（稀释后）MATMSA
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $2.22 | ||
| Q3 25 | $0.88 | $1.77 | ||
| Q2 25 | $0.16 | $1.59 | ||
| Q1 25 | $-0.12 | $1.51 | ||
| Q4 24 | $0.40 | $2.22 | ||
| Q3 24 | $1.09 | $1.69 | ||
| Q2 24 | $0.17 | $1.83 |
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 | $165.1M |
| 总债务越低越好 | $2.3B | $580.9M |
| 股东权益账面价值 | $2.1B | $1.4B |
| 总资产 | $6.3B | $2.6B |
| 负债/权益比越低杠杆越低 | 1.11× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资MATMSA
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $165.1M | ||
| Q3 25 | $691.9M | $170.0M | ||
| Q2 25 | $870.5M | $147.0M | ||
| Q1 25 | $1.2B | $170.6M | ||
| Q4 24 | $1.4B | $164.6M | ||
| Q3 24 | $723.5M | $154.4M | ||
| Q2 24 | $722.4M | $146.8M |
总债务MATMSA
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $580.9M | ||
| Q3 25 | $2.3B | $628.6M | ||
| Q2 25 | $2.3B | $679.3M | ||
| Q1 25 | $2.3B | $502.1M | ||
| Q4 24 | $2.3B | $508.0M | ||
| Q3 24 | $2.3B | $554.7M | ||
| Q2 24 | $2.3B | $588.2M |
股东权益MATMSA
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.3B | $1.3B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.3B | $1.1B | ||
| Q3 24 | $2.3B | $1.1B | ||
| Q2 24 | $2.0B | $1.0B |
总资产MATMSA
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $2.6B | ||
| Q3 25 | $6.6B | $2.6B | ||
| Q2 25 | $6.2B | $2.6B | ||
| Q1 25 | $6.2B | $2.2B | ||
| Q4 24 | $6.5B | $2.2B | ||
| Q3 24 | $6.5B | $2.2B | ||
| Q2 24 | $5.9B | $2.2B |
负债/权益比MATMSA
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 0.42× | ||
| Q3 25 | 1.03× | 0.48× | ||
| Q2 25 | 1.08× | 0.54× | ||
| Q1 25 | 1.10× | 0.42× | ||
| Q4 24 | 1.03× | 0.44× | ||
| Q3 24 | 1.01× | 0.51× | ||
| Q2 24 | 1.18× | 0.57× |
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 | — | $122.4M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $106.0M |
| 自由现金流率自由现金流/营收 | -10.2% | 20.8% |
| 资本支出强度资本支出/营收 | 7.6% | 3.2% |
| 现金转化率经营现金流/净利润 | — | 1.41× |
| 过去12个月自由现金流最近4个季度 | — | $295.4M |
8季度趋势，按日历期对齐
经营现金流MATMSA
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $122.4M | ||
| Q3 25 | $72.0M | $112.5M | ||
| Q2 25 | $-300.1M | $67.2M | ||
| Q1 25 | $24.8M | $61.8M | ||
| Q4 24 | $862.1M | $107.9M | ||
| Q3 24 | $155.8M | $84.3M | ||
| Q2 24 | $-252.9M | $53.3M |
自由现金流MATMSA
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $106.0M | ||
| Q3 25 | — | $100.5M | ||
| Q2 25 | — | $37.9M | ||
| Q1 25 | — | $51.0M | ||
| Q4 24 | — | $93.5M | ||
| Q3 24 | — | $70.1M | ||
| Q2 24 | — | $39.0M |
自由现金流率MATMSA
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | 16.2% | ||
| Q2 24 | — | 8.4% |
资本支出强度MATMSA
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 3.1% |
现金转化率MATMSA
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 1.41× | ||
| Q3 25 | 0.26× | 1.62× | ||
| Q2 25 | -5.62× | 1.07× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | 6.12× | 1.23× | ||
| Q3 24 | 0.42× | 1.27× | ||
| Q2 24 | -4.45× | 0.74× |
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
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
