vs
美泰（MAT）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
欧文斯科宁的季度营收约是美泰的1.2倍（$2.1B vs $1.8B），美泰净利率更高（6.0% vs -13.9%，领先19.9%），美泰同比增速更快（7.3% vs -24.6%），过去两年美泰的营收复合增速更高（47.7% vs -3.5%）
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。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
MAT vs OC — 直观对比
营收规模更大
OC
是对方的1.2倍
$1.8B
营收增速更快
MAT
高出31.9%
-24.6%
净利率更高
MAT
高出19.9%
-13.9%
两年增速更快
MAT
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.1B |
| 净利润 | $106.2M | $-298.0M |
| 毛利率 | 45.9% | 23.2% |
| 营业利润率 | 8.0% | -10.5% |
| 净利率 | 6.0% | -13.9% |
| 营收同比 | 7.3% | -24.6% |
| 净利润同比 | -24.6% | -15.5% |
| 每股收益（稀释后） | $0.32 | $-3.47 |
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MATOC
| Q4 25 | $1.8B | $2.1B | ||
| Q3 25 | $1.7B | $2.7B | ||
| Q2 25 | $1.0B | $2.7B | ||
| Q1 25 | $826.6M | $2.5B | ||
| Q4 24 | $1.6B | $2.8B | ||
| Q3 24 | $1.8B | $3.0B | ||
| Q2 24 | $1.1B | $2.8B | ||
| Q1 24 | $809.5M | $2.3B |
净利润MATOC
| Q4 25 | $106.2M | $-298.0M | ||
| Q3 25 | $278.4M | $-494.0M | ||
| Q2 25 | $53.4M | $363.0M | ||
| Q1 25 | $-40.3M | $-93.0M | ||
| Q4 24 | $140.9M | $-258.0M | ||
| Q3 24 | $372.4M | $321.0M | ||
| Q2 24 | $56.9M | $285.0M | ||
| Q1 24 | $-28.3M | $299.0M |
毛利率MATOC
| Q4 25 | 45.9% | 23.2% | ||
| Q3 25 | 50.0% | 28.2% | ||
| Q2 25 | 50.9% | 31.2% | ||
| Q1 25 | 49.4% | 28.7% | ||
| Q4 24 | 50.7% | 28.1% | ||
| Q3 24 | 53.1% | 29.8% | ||
| Q2 24 | 49.2% | 31.1% | ||
| Q1 24 | 48.0% | 29.6% |
营业利润率MATOC
| Q4 25 | 8.0% | -10.5% | ||
| Q3 25 | 21.9% | -12.2% | ||
| Q2 25 | 7.7% | 18.4% | ||
| Q1 25 | -6.4% | 16.1% | ||
| Q4 24 | 9.6% | -8.5% | ||
| Q3 24 | 26.5% | 16.7% | ||
| Q2 24 | 7.7% | 16.4% | ||
| Q1 24 | -4.4% | 17.5% |
净利率MATOC
| Q4 25 | 6.0% | -13.9% | ||
| Q3 25 | 16.0% | -18.4% | ||
| Q2 25 | 5.2% | 13.2% | ||
| Q1 25 | -4.9% | -3.7% | ||
| Q4 24 | 8.6% | -9.1% | ||
| Q3 24 | 20.2% | 10.5% | ||
| Q2 24 | 5.3% | 10.2% | ||
| Q1 24 | -3.5% | 13.0% |
每股收益（稀释后）MATOC
| Q4 25 | $0.32 | $-3.47 | ||
| Q3 25 | $0.88 | $-5.92 | ||
| Q2 25 | $0.16 | $4.25 | ||
| Q1 25 | $-0.12 | $-1.08 | ||
| Q4 24 | $0.40 | $-2.92 | ||
| Q3 24 | $1.09 | $3.65 | ||
| Q2 24 | $0.17 | $3.24 | ||
| Q1 24 | $-0.08 | $3.40 |
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 | $1.2B | $345.0M |
| 总债务越低越好 | $2.3B | $4.7B |
| 股东权益账面价值 | $2.2B | $3.9B |
| 总资产 | $6.6B | $13.0B |
| 负债/权益比越低杠杆越低 | 1.04× | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资MATOC
| Q4 25 | $1.2B | $345.0M | ||
| Q3 25 | $691.9M | $286.0M | ||
| Q2 25 | $870.5M | $230.0M | ||
| Q1 25 | $1.2B | $400.0M | ||
| Q4 24 | $1.4B | $361.0M | ||
| Q3 24 | $723.5M | $499.0M | ||
| Q2 24 | $722.4M | $254.0M | ||
| Q1 24 | $1.1B | $1.3B |
总债务MATOC
| Q4 25 | $2.3B | $4.7B | ||
| Q3 25 | $2.3B | $4.7B | ||
| Q2 25 | $2.3B | $5.1B | ||
| Q1 25 | $2.3B | $5.0B | ||
| Q4 24 | $2.3B | $5.1B | ||
| Q3 24 | $2.3B | $5.0B | ||
| Q2 24 | $2.3B | $5.0B | ||
| Q1 24 | $2.3B | $2.6B |
股东权益MATOC
| Q4 25 | $2.2B | $3.9B | ||
| Q3 25 | $2.3B | $4.4B | ||
| Q2 25 | $2.2B | $5.2B | ||
| Q1 25 | $2.1B | $4.9B | ||
| Q4 24 | $2.3B | $5.1B | ||
| Q3 24 | $2.3B | $5.6B | ||
| Q2 24 | $2.0B | $5.5B | ||
| Q1 24 | $2.0B | $5.2B |
总资产MATOC
| Q4 25 | $6.6B | $13.0B | ||
| Q3 25 | $6.6B | $13.5B | ||
| Q2 25 | $6.2B | $14.5B | ||
| Q1 25 | $6.2B | $14.3B | ||
| Q4 24 | $6.5B | $14.1B | ||
| Q3 24 | $6.5B | $15.1B | ||
| Q2 24 | $5.9B | $15.0B | ||
| Q1 24 | $6.1B | $11.3B |
负债/权益比MATOC
| Q4 25 | 1.04× | 1.22× | ||
| Q3 25 | 1.03× | 1.06× | ||
| Q2 25 | 1.08× | 0.98× | ||
| Q1 25 | 1.10× | 1.03× | ||
| Q4 24 | 1.03× | 1.01× | ||
| Q3 24 | 1.01× | 0.89× | ||
| Q2 24 | 1.18× | 0.92× | ||
| Q1 24 | 1.15× | 0.51× |
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 | $796.6M | $590.0M |
| 自由现金流经营现金流 - 资本支出 | — | $333.0M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | — | 12.0% |
| 现金转化率经营现金流/净利润 | 7.50× | — |
| 过去12个月自由现金流最近4个季度 | — | $962.0M |
8季度趋势，按日历期对齐
经营现金流MATOC
| Q4 25 | $796.6M | $590.0M | ||
| Q3 25 | $72.0M | $918.0M | ||
| Q2 25 | $-300.1M | $327.0M | ||
| Q1 25 | $24.8M | $-49.0M | ||
| Q4 24 | $862.1M | $676.0M | ||
| Q3 24 | $155.8M | $699.0M | ||
| Q2 24 | $-252.9M | $493.0M | ||
| Q1 24 | $35.5M | $24.0M |
自由现金流MATOC
| Q4 25 | — | $333.0M | ||
| Q3 25 | — | $752.0M | ||
| Q2 25 | — | $129.0M | ||
| Q1 25 | — | $-252.0M | ||
| Q4 24 | — | $479.0M | ||
| Q3 24 | — | $558.0M | ||
| Q2 24 | — | $336.0M | ||
| Q1 24 | — | $-128.0M |
自由现金流率MATOC
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 28.0% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | -10.0% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 18.3% | ||
| Q2 24 | — | 12.0% | ||
| Q1 24 | — | -5.6% |
资本支出强度MATOC
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 7.2% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | 6.6% |
现金转化率MATOC
| Q4 25 | 7.50× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | -5.62× | 0.90× | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | 2.18× | ||
| Q2 24 | -4.45× | 1.73× | ||
| Q1 24 | — | 0.08× |
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
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
