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美泰（MAT）与OneWater Marine Inc.（ONEW）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OneWater Marine Inc.的1.9倍（$862.2M vs $442.3M），美泰净利率更高（7.1% vs -2.9%，领先10.0%），美泰同比增速更快（4.3% vs -8.5%），过去两年OneWater Marine Inc.的营收复合增速更高（8.2% 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。
OneWater Marine Inc.是美国头部休闲船舶零售企业，主营全新及二手船只、游艇、船舶零配件销售，同时提供船只维修保养、配套融资等服务，通过覆盖北美多州的经销商网络服务个人及商业休闲船艇客户。
MAT vs ONEW — 直观对比
营收规模更大
MAT
是对方的1.9倍
$442.3M
营收增速更快
MAT
高出12.8%
-8.5%
净利率更高
MAT
高出10.0%
-2.9%
两年增速更快
ONEW
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $442.3M |
| 净利润 | $61.0M | $-12.9M |
| 毛利率 | 44.9% | 23.9% |
| 营业利润率 | — | 1.7% |
| 净利率 | 7.1% | -2.9% |
| 营收同比 | 4.3% | -8.5% |
| 净利润同比 | 251.4% | — |
| 每股收益（稀释后） | $0.20 | $-0.78 |
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MATONEW
| Q2 26 | — | $442.3M | ||
| Q1 26 | $862.2M | $380.6M | ||
| Q4 25 | $1.8B | $380.6M | ||
| Q3 25 | $1.7B | $460.1M | ||
| Q2 25 | $1.0B | $552.9M | ||
| Q1 25 | $826.6M | $483.5M | ||
| Q4 24 | $1.6B | $375.8M | ||
| Q3 24 | $1.8B | $377.9M |
净利润MATONEW
| Q2 26 | — | $-12.9M | ||
| Q1 26 | $61.0M | $-7.7M | ||
| Q4 25 | $106.2M | $-7.7M | ||
| Q3 25 | $278.4M | $-113.0M | ||
| Q2 25 | $53.4M | $10.7M | ||
| Q1 25 | $-40.3M | $-368.0K | ||
| Q4 24 | $140.9M | $-12.0M | ||
| Q3 24 | $372.4M | $-9.2M |
毛利率MATONEW
| Q2 26 | — | 23.9% | ||
| Q1 26 | 44.9% | 23.5% | ||
| Q4 25 | 45.9% | 23.5% | ||
| Q3 25 | 50.0% | 22.6% | ||
| Q2 25 | 50.9% | 23.3% | ||
| Q1 25 | 49.4% | 22.8% | ||
| Q4 24 | 50.7% | 22.4% | ||
| Q3 24 | 53.1% | 24.0% |
营业利润率MATONEW
| Q2 26 | — | 1.7% | ||
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | -1.4% | ||
| Q3 25 | 21.9% | -28.3% | ||
| Q2 25 | 7.7% | 5.5% | ||
| Q1 25 | -6.4% | 3.4% | ||
| Q4 24 | 9.6% | -0.5% | ||
| Q3 24 | 26.5% | 1.2% |
净利率MATONEW
| Q2 26 | — | -2.9% | ||
| Q1 26 | 7.1% | -2.0% | ||
| Q4 25 | 6.0% | -2.0% | ||
| Q3 25 | 16.0% | -24.5% | ||
| Q2 25 | 5.2% | 1.9% | ||
| Q1 25 | -4.9% | -0.1% | ||
| Q4 24 | 8.6% | -3.2% | ||
| Q3 24 | 20.2% | -2.4% |
每股收益（稀释后）MATONEW
| Q2 26 | — | $-0.78 | ||
| Q1 26 | $0.20 | $-0.47 | ||
| Q4 25 | $0.32 | — | ||
| Q3 25 | $0.88 | — | ||
| Q2 25 | $0.16 | — | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $1.09 | — |
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 | — |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $269.4M |
| 总资产 | $6.3B | $1.4B |
| 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MATONEW
| Q2 26 | — | — | ||
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $691.9M | — | ||
| Q2 25 | $870.5M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $723.5M | — |
总债务MATONEW
| Q2 26 | — | — | ||
| 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 | — |
股东权益MATONEW
| Q2 26 | — | $269.4M | ||
| Q1 26 | $2.1B | $277.5M | ||
| Q4 25 | $2.2B | $277.5M | ||
| Q3 25 | $2.3B | $285.0M | ||
| Q2 25 | $2.2B | $393.2M | ||
| Q1 25 | $2.1B | $381.6M | ||
| Q4 24 | $2.3B | $354.8M | ||
| Q3 24 | $2.3B | $360.8M |
总资产MATONEW
| Q2 26 | — | $1.4B | ||
| Q1 26 | $6.3B | $1.4B | ||
| Q4 25 | $6.6B | $1.4B | ||
| Q3 25 | $6.6B | $1.4B | ||
| Q2 25 | $6.2B | $1.5B | ||
| Q1 25 | $6.2B | $1.6B | ||
| Q4 24 | $6.5B | $1.6B | ||
| Q3 24 | $6.5B | $1.6B |
负债/权益比MATONEW
| Q2 26 | — | — | ||
| 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× | — |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | — |
| 自由现金流率自由现金流/营收 | -10.2% | — |
| 资本支出强度资本支出/营收 | 7.6% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流MATONEW
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $-76.3M | ||
| Q3 25 | $72.0M | $9.9M | ||
| Q2 25 | $-300.1M | $90.8M | ||
| Q1 25 | $24.8M | $28.5M | ||
| Q4 24 | $862.1M | $-37.4M | ||
| Q3 24 | $155.8M | $27.3M |
自由现金流MATONEW
| Q2 26 | — | — | ||
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $-78.2M | ||
| Q3 25 | — | $7.2M | ||
| Q2 25 | — | $88.9M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $-40.0M | ||
| Q3 24 | — | $23.2M |
自由现金流率MATONEW
| Q2 26 | — | — | ||
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | -20.6% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 16.1% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | -10.7% | ||
| Q3 24 | — | 6.1% |
资本支出强度MATONEW
| Q2 26 | — | — | ||
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% |
现金转化率MATONEW
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | -5.62× | 8.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | — |
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
ONEW
| New boat | $272.0M | 62% |
| Pre-owned boat | $94.4M | 21% |
| Service, parts & other | $61.9M | 14% |
| Finance & insurance income | $14.0M | 3% |
