vs
美泰（MAT）与NetApp（NTAP）财务数据对比。点击上方公司名可切换其他公司
NetApp的季度营收约是美泰的2.0倍（$1.7B vs $862.2M），NetApp净利率更高（17.9% vs 7.1%，领先10.8%），美泰同比增速更快（4.3% vs 2.8%），NetApp自由现金流更多（$78.0M vs $-88.1M），过去两年NetApp的营收复合增速更高（3.0% 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。
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
MAT vs NTAP — 直观对比
营收规模更大
NTAP
是对方的2.0倍
$862.2M
营收增速更快
MAT
高出1.5%
2.8%
净利率更高
NTAP
高出10.8%
7.1%
自由现金流更多
NTAP
多$166.1M
$-88.1M
两年增速更快
NTAP
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $1.7B |
| 净利润 | $61.0M | $305.0M |
| 毛利率 | 44.9% | 72.0% |
| 营业利润率 | — | 23.4% |
| 净利率 | 7.1% | 17.9% |
| 营收同比 | 4.3% | 2.8% |
| 净利润同比 | 251.4% | 2.0% |
| 每股收益（稀释后） | $0.20 | $1.51 |
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MATNTAP
| 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 | $1.6B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.1B | $1.7B |
净利润MATNTAP
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $305.0M | ||
| Q3 25 | $278.4M | $233.0M | ||
| Q2 25 | $53.4M | $340.0M | ||
| Q1 25 | $-40.3M | $299.0M | ||
| Q4 24 | $140.9M | $299.0M | ||
| Q3 24 | $372.4M | $248.0M | ||
| Q2 24 | $56.9M | $291.0M |
毛利率MATNTAP
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 72.0% | ||
| Q3 25 | 50.0% | 70.4% | ||
| Q2 25 | 50.9% | 68.9% | ||
| Q1 25 | 49.4% | 69.8% | ||
| Q4 24 | 50.7% | 71.0% | ||
| Q3 24 | 53.1% | 71.3% | ||
| Q2 24 | 49.2% | 70.5% |
营业利润率MATNTAP
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 23.4% | ||
| Q3 25 | 21.9% | 19.8% | ||
| Q2 25 | 7.7% | 20.1% | ||
| Q1 25 | -6.4% | 22.1% | ||
| Q4 24 | 9.6% | 20.8% | ||
| Q3 24 | 26.5% | 18.3% | ||
| Q2 24 | 7.7% | 21.9% |
净利率MATNTAP
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 17.9% | ||
| Q3 25 | 16.0% | 14.9% | ||
| Q2 25 | 5.2% | 19.6% | ||
| Q1 25 | -4.9% | 18.2% | ||
| Q4 24 | 8.6% | 18.0% | ||
| Q3 24 | 20.2% | 16.1% | ||
| Q2 24 | 5.3% | 17.4% |
每股收益（稀释后）MATNTAP
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $1.51 | ||
| Q3 25 | $0.88 | $1.15 | ||
| Q2 25 | $0.16 | $1.64 | ||
| Q1 25 | $-0.12 | $1.44 | ||
| Q4 24 | $0.40 | $1.42 | ||
| Q3 24 | $1.09 | $1.17 | ||
| Q2 24 | $0.17 | $1.36 |
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 | $3.0B |
| 总债务越低越好 | $2.3B | $2.5B |
| 股东权益账面价值 | $2.1B | $986.0M |
| 总资产 | $6.3B | $9.6B |
| 负债/权益比越低杠杆越低 | 1.11× | 2.52× |
8季度趋势，按日历期对齐
现金及短期投资MATNTAP
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $3.0B | ||
| Q3 25 | $691.9M | $3.3B | ||
| Q2 25 | $870.5M | $3.8B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $723.5M | $3.0B | ||
| Q2 24 | $722.4M | $3.3B |
总债务MATNTAP
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $2.5B | ||
| Q3 25 | $2.3B | $2.5B | ||
| Q2 25 | $2.3B | $3.2B | ||
| Q1 25 | $2.3B | $2.0B | ||
| Q4 24 | $2.3B | $2.0B | ||
| Q3 24 | $2.3B | $2.4B | ||
| Q2 24 | $2.3B | $2.4B |
股东权益MATNTAP
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $986.0M | ||
| Q3 25 | $2.3B | $975.0M | ||
| Q2 25 | $2.2B | $1.0B | ||
| Q1 25 | $2.1B | $995.0M | ||
| Q4 24 | $2.3B | $892.0M | ||
| Q3 24 | $2.3B | $929.0M | ||
| Q2 24 | $2.0B | $1.1B |
总资产MATNTAP
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $9.6B | ||
| Q3 25 | $6.6B | $9.7B | ||
| Q2 25 | $6.2B | $10.8B | ||
| Q1 25 | $6.2B | $9.0B | ||
| Q4 24 | $6.5B | $9.0B | ||
| Q3 24 | $6.5B | $9.3B | ||
| Q2 24 | $5.9B | $9.9B |
负债/权益比MATNTAP
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 2.52× | ||
| Q3 25 | 1.03× | 2.55× | ||
| Q2 25 | 1.08× | 3.11× | ||
| Q1 25 | 1.10× | 2.00× | ||
| Q4 24 | 1.03× | 2.23× | ||
| Q3 24 | 1.01× | 2.58× | ||
| Q2 24 | 1.18× | 2.09× |
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 | — | $127.0M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $78.0M |
| 自由现金流率自由现金流/营收 | -10.2% | 4.6% |
| 资本支出强度资本支出/营收 | 7.6% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 0.42× |
| 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MATNTAP
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $127.0M | ||
| Q3 25 | $72.0M | $673.0M | ||
| Q2 25 | $-300.1M | — | ||
| Q1 25 | $24.8M | $385.0M | ||
| Q4 24 | $862.1M | — | ||
| Q3 24 | $155.8M | $341.0M | ||
| Q2 24 | $-252.9M | $613.0M |
自由现金流MATNTAP
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $78.0M | ||
| Q3 25 | — | $620.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $338.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $300.0M | ||
| Q2 24 | — | $567.0M |
自由现金流率MATNTAP
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 39.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 34.0% |
资本支出强度MATNTAP
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% |
现金转化率MATNTAP
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 0.42× | ||
| Q3 25 | 0.26× | 2.89× | ||
| Q2 25 | -5.62× | — | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | 1.38× | ||
| Q2 24 | -4.45× | 2.11× |
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
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
