vs
美泰（MAT）与MSC INDUSTRIAL DIRECT CO INC（MSM）财务数据对比。点击上方公司名可切换其他公司
MSC INDUSTRIAL DIRECT CO INC的季度营收约是美泰的1.1倍（$965.7M vs $862.2M），美泰净利率更高（7.1% vs 5.4%，领先1.7%），美泰同比增速更快（4.3% vs 4.0%），MSC INDUSTRIAL DIRECT CO INC自由现金流更多（$7.4M vs $-88.1M），过去两年MSC INDUSTRIAL DIRECT CO INC的营收复合增速更高（-3.4% 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。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
MAT vs MSM — 直观对比
营收规模更大
MSM
是对方的1.1倍
$862.2M
营收增速更快
MAT
高出0.3%
4.0%
净利率更高
MAT
高出1.7%
5.4%
自由现金流更多
MSM
多$95.5M
$-88.1M
两年增速更快
MSM
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $965.7M |
| 净利润 | $61.0M | $51.8M |
| 毛利率 | 44.9% | 40.7% |
| 营业利润率 | — | 7.9% |
| 净利率 | 7.1% | 5.4% |
| 营收同比 | 4.3% | 4.0% |
| 净利润同比 | 251.4% | 11.1% |
| 每股收益（稀释后） | $0.20 | $0.93 |
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MATMSM
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $965.7M | ||
| Q3 25 | $1.7B | $978.2M | ||
| Q2 25 | $1.0B | $971.1M | ||
| Q1 25 | $826.6M | — | ||
| Q4 24 | $1.6B | $928.5M | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.1B | $979.4M |
净利润MATMSM
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $51.8M | ||
| Q3 25 | $278.4M | $56.5M | ||
| Q2 25 | $53.4M | $56.8M | ||
| Q1 25 | $-40.3M | — | ||
| Q4 24 | $140.9M | $46.6M | ||
| Q3 24 | $372.4M | — | ||
| Q2 24 | $56.9M | $71.7M |
毛利率MATMSM
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 40.7% | ||
| Q3 25 | 50.0% | 40.4% | ||
| Q2 25 | 50.9% | 41.0% | ||
| Q1 25 | 49.4% | — | ||
| Q4 24 | 50.7% | 40.7% | ||
| Q3 24 | 53.1% | — | ||
| Q2 24 | 49.2% | 40.9% |
营业利润率MATMSM
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 7.9% | ||
| Q3 25 | 21.9% | 8.6% | ||
| Q2 25 | 7.7% | 8.5% | ||
| Q1 25 | -6.4% | — | ||
| Q4 24 | 9.6% | 7.8% | ||
| Q3 24 | 26.5% | — | ||
| Q2 24 | 7.7% | 10.9% |
净利率MATMSM
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 5.4% | ||
| Q3 25 | 16.0% | 5.8% | ||
| Q2 25 | 5.2% | 5.9% | ||
| Q1 25 | -4.9% | — | ||
| Q4 24 | 8.6% | 5.0% | ||
| Q3 24 | 20.2% | — | ||
| Q2 24 | 5.3% | 7.3% |
每股收益（稀释后）MATMSM
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $0.93 | ||
| Q3 25 | $0.88 | $1.02 | ||
| Q2 25 | $0.16 | $1.02 | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $0.40 | $0.83 | ||
| Q3 24 | $1.09 | — | ||
| Q2 24 | $0.17 | $1.27 |
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 | $40.3M |
| 总债务越低越好 | $2.3B | $214.1M |
| 股东权益账面价值 | $2.1B | $1.4B |
| 总资产 | $6.3B | $2.5B |
| 负债/权益比越低杠杆越低 | 1.11× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资MATMSM
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $40.3M | ||
| Q3 25 | $691.9M | $56.2M | ||
| Q2 25 | $870.5M | $71.7M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | $57.3M | ||
| Q3 24 | $723.5M | — | ||
| Q2 24 | $722.4M | $25.9M |
总债务MATMSM
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $214.1M | ||
| Q3 25 | $2.3B | $168.8M | ||
| Q2 25 | $2.3B | $285.0M | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $289.9M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | $299.8M |
股东权益MATMSM
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.3B | $1.4B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.0B | $1.4B |
总资产MATMSM
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $2.5B | ||
| Q3 25 | $6.6B | $2.5B | ||
| Q2 25 | $6.2B | $2.5B | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $6.5B | $2.5B | ||
| Q3 24 | $6.5B | — | ||
| Q2 24 | $5.9B | $2.5B |
负债/权益比MATMSM
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 0.16× | ||
| Q3 25 | 1.03× | 0.12× | ||
| Q2 25 | 1.08× | 0.21× | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | 0.21× | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 1.18× | 0.21× |
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 | — | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $7.4M |
| 自由现金流率自由现金流/营收 | -10.2% | 0.8% |
| 资本支出强度资本支出/营收 | 7.6% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 0.57× |
| 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MATMSM
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $29.4M | ||
| Q3 25 | $72.0M | — | ||
| Q2 25 | $-300.1M | $151.6M | ||
| Q1 25 | $24.8M | — | ||
| Q4 24 | $862.1M | $101.9M | ||
| Q3 24 | $155.8M | — | ||
| Q2 24 | $-252.9M | $143.5M |
自由现金流MATMSM
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $7.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $100.7M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $81.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $114.0M |
自由现金流率MATMSM
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 11.6% |
资本支出强度MATMSM
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.0% |
现金转化率MATMSM
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 0.57× | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | -5.62× | 2.67× | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | 2.18× | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | -4.45× | 2.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
