vs
美泰（MAT）与INSPERITY, INC.（NSP）财务数据对比。点击上方公司名可切换其他公司
INSPERITY, INC.的季度营收约是美泰的1.9倍（$1.7B vs $862.2M），美泰同比增速更快（4.3% vs 3.4%），INSPERITY, INC.自由现金流更多（$246.0M vs $-88.1M），过去两年INSPERITY, INC.的营收复合增速更高（-3.8% 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。
Insperity（前身为Administaff）是总部位于美国得克萨斯州休斯顿金伍德区的专业雇主组织（PEO），专注为中小微企业提供人力资源及行政事务外包等相关服务。自2004年起，该企业长期担任冠军巡回赛职业高尔夫赛事的冠名赞助商。
MAT vs NSP — 直观对比
营收规模更大
NSP
是对方的1.9倍
$862.2M
营收增速更快
MAT
高出0.9%
3.4%
自由现金流更多
NSP
多$334.1M
$-88.1M
两年增速更快
NSP
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $1.7B |
| 净利润 | $61.0M | — |
| 毛利率 | 44.9% | 10.3% |
| 营业利润率 | — | -2.8% |
| 净利率 | 7.1% | — |
| 营收同比 | 4.3% | 3.4% |
| 净利润同比 | 251.4% | — |
| 每股收益（稀释后） | $0.20 | $-0.87 |
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MATNSP
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $1.7B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $826.6M | $1.9B | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.1B | $1.6B |
净利润MATNSP
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | — | ||
| Q3 25 | $278.4M | $-20.0M | ||
| Q2 25 | $53.4M | $-5.0M | ||
| Q1 25 | $-40.3M | $51.0M | ||
| Q4 24 | $140.9M | — | ||
| Q3 24 | $372.4M | $3.0M | ||
| Q2 24 | $56.9M | $18.0M |
毛利率MATNSP
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 10.3% | ||
| Q3 25 | 50.0% | 12.0% | ||
| Q2 25 | 50.9% | 13.4% | ||
| Q1 25 | 49.4% | 16.6% | ||
| Q4 24 | 50.7% | 13.5% | ||
| Q3 24 | 53.1% | 14.7% | ||
| Q2 24 | 49.2% | 16.2% |
营业利润率MATNSP
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | -2.8% | ||
| Q3 25 | 21.9% | -1.5% | ||
| Q2 25 | 7.7% | -0.4% | ||
| Q1 25 | -6.4% | 3.7% | ||
| Q4 24 | 9.6% | -0.9% | ||
| Q3 24 | 26.5% | 0.1% | ||
| Q2 24 | 7.7% | 1.4% |
净利率MATNSP
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 16.0% | -1.2% | ||
| Q2 25 | 5.2% | -0.3% | ||
| Q1 25 | -4.9% | 2.7% | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 20.2% | 0.2% | ||
| Q2 24 | 5.3% | 1.1% |
每股收益（稀释后）MATNSP
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $-0.87 | ||
| Q3 25 | $0.88 | $-0.53 | ||
| Q2 25 | $0.16 | $-0.14 | ||
| Q1 25 | $-0.12 | $1.35 | ||
| Q4 24 | $0.40 | $-0.21 | ||
| Q3 24 | $1.09 | $0.07 | ||
| Q2 24 | $0.17 | $0.48 |
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 | $682.0M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $46.0M |
| 总资产 | $6.3B | $2.2B |
| 负债/权益比越低杠杆越低 | 1.11× | — |
8季度趋势，按日历期对齐
现金及短期投资MATNSP
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $682.0M | ||
| Q3 25 | $691.9M | $521.0M | ||
| Q2 25 | $870.5M | $511.0M | ||
| Q1 25 | $1.2B | $684.0M | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $723.5M | $596.0M | ||
| Q2 24 | $722.4M | $850.0M |
总债务MATNSP
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATNSP
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $46.0M | ||
| Q3 25 | $2.3B | $87.0M | ||
| Q2 25 | $2.2B | $112.0M | ||
| Q1 25 | $2.1B | $119.0M | ||
| Q4 24 | $2.3B | $97.0M | ||
| Q3 24 | $2.3B | $125.0M | ||
| Q2 24 | $2.0B | $142.0M |
总资产MATNSP
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $2.2B | ||
| Q3 25 | $6.6B | $2.0B | ||
| Q2 25 | $6.2B | $2.0B | ||
| Q1 25 | $6.2B | $2.1B | ||
| Q4 24 | $6.5B | $2.6B | ||
| Q3 24 | $6.5B | $1.9B | ||
| Q2 24 | $5.9B | $2.1B |
负债/权益比MATNSP
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| 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 | — | $255.0M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $246.0M |
| 自由现金流率自由现金流/营收 | -10.2% | 14.7% |
| 资本支出强度资本支出/营收 | 7.6% | 0.5% |
| 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 | — | $-309.0M |
8季度趋势，按日历期对齐
经营现金流MATNSP
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $255.0M | ||
| Q3 25 | $72.0M | $-11.0M | ||
| Q2 25 | $-300.1M | $-79.0M | ||
| Q1 25 | $24.8M | $-443.0M | ||
| Q4 24 | $862.1M | $619.0M | ||
| Q3 24 | $155.8M | $-150.0M | ||
| Q2 24 | $-252.9M | $20.0M |
自由现金流MATNSP
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $246.0M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-86.0M | ||
| Q1 25 | — | $-449.0M | ||
| Q4 24 | — | $606.0M | ||
| Q3 24 | — | $-164.0M | ||
| Q2 24 | — | $14.0M |
自由现金流率MATNSP
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 14.7% | ||
| Q3 25 | — | -1.2% | ||
| Q2 25 | — | -5.2% | ||
| Q1 25 | — | -24.1% | ||
| Q4 24 | — | 37.6% | ||
| Q3 24 | — | -10.5% | ||
| Q2 24 | — | 0.9% |
资本支出强度MATNSP
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.4% |
现金转化率MATNSP
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | -5.62× | — | ||
| Q1 25 | — | -8.69× | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | -50.00× | ||
| Q2 24 | -4.45× | 1.11× |
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
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
