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美泰（MAT）与BLUE OWL CAPITAL INC.（OWL）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BLUE OWL CAPITAL INC.的1.1倍（$862.2M vs $755.6M），美泰净利率更高（7.1% vs 6.3%，领先0.8%），BLUE OWL CAPITAL INC.同比增速更快（19.7% vs 4.3%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $-88.1M），过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% 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。
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
MAT vs OWL — 直观对比
营收规模更大
MAT
是对方的1.1倍
$755.6M
营收增速更快
OWL
高出15.4%
4.3%
净利率更高
MAT
高出0.8%
6.3%
自由现金流更多
OWL
多$447.2M
$-88.1M
两年增速更快
OWL
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $755.6M |
| 净利润 | $61.0M | $47.7M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | 22.2% |
| 净利率 | 7.1% | 6.3% |
| 营收同比 | 4.3% | 19.7% |
| 净利润同比 | 251.4% | 129.8% |
| 每股收益（稀释后） | $0.20 | $0.07 |
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MATOWL
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $755.6M | ||
| Q3 25 | $1.7B | $728.0M | ||
| Q2 25 | $1.0B | $703.1M | ||
| Q1 25 | $826.6M | $683.5M | ||
| Q4 24 | $1.6B | $631.4M | ||
| Q3 24 | $1.8B | $600.9M | ||
| Q2 24 | $1.1B | $549.8M |
净利润MATOWL
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $47.7M | ||
| Q3 25 | $278.4M | $6.3M | ||
| Q2 25 | $53.4M | $17.4M | ||
| Q1 25 | $-40.3M | $7.4M | ||
| Q4 24 | $140.9M | $20.7M | ||
| Q3 24 | $372.4M | $29.8M | ||
| Q2 24 | $56.9M | $33.9M |
毛利率MATOWL
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | — | ||
| Q3 25 | 50.0% | — | ||
| Q2 25 | 50.9% | — | ||
| Q1 25 | 49.4% | — | ||
| Q4 24 | 50.7% | — | ||
| Q3 24 | 53.1% | — | ||
| Q2 24 | 49.2% | — |
营业利润率MATOWL
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 22.2% | ||
| Q3 25 | 21.9% | 7.6% | ||
| Q2 25 | 7.7% | 12.0% | ||
| Q1 25 | -6.4% | 5.9% | ||
| Q4 24 | 9.6% | 11.7% | ||
| Q3 24 | 26.5% | 18.7% | ||
| Q2 24 | 7.7% | 28.4% |
净利率MATOWL
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 6.3% | ||
| Q3 25 | 16.0% | 0.9% | ||
| Q2 25 | 5.2% | 2.5% | ||
| Q1 25 | -4.9% | 1.1% | ||
| Q4 24 | 8.6% | 3.3% | ||
| Q3 24 | 20.2% | 5.0% | ||
| Q2 24 | 5.3% | 6.2% |
每股收益（稀释后）MATOWL
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $0.07 | ||
| Q3 25 | $0.88 | $0.01 | ||
| Q2 25 | $0.16 | $0.02 | ||
| Q1 25 | $-0.12 | $0.00 | ||
| Q4 24 | $0.40 | $0.06 | ||
| Q3 24 | $1.09 | $0.04 | ||
| Q2 24 | $0.17 | $0.06 |
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 | $194.5M |
| 总债务越低越好 | $2.3B | $3.3B |
| 股东权益账面价值 | $2.1B | $2.2B |
| 总资产 | $6.3B | $12.5B |
| 负债/权益比越低杠杆越低 | 1.11× | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资MATOWL
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $194.5M | ||
| Q3 25 | $691.9M | $137.3M | ||
| Q2 25 | $870.5M | $117.6M | ||
| Q1 25 | $1.2B | $97.6M | ||
| Q4 24 | $1.4B | $152.1M | ||
| Q3 24 | $723.5M | $115.9M | ||
| Q2 24 | $722.4M | $436.8M |
总债务MATOWL
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $3.3B | ||
| Q3 25 | $2.3B | $3.2B | ||
| Q2 25 | $2.3B | $3.2B | ||
| Q1 25 | $2.3B | $3.2B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $2.3B | $2.5B | ||
| Q2 24 | $2.3B | $2.5B |
股东权益MATOWL
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $2.2B | ||
| Q3 25 | $2.3B | $2.3B | ||
| Q2 25 | $2.2B | $2.4B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.3B | $2.1B | ||
| Q3 24 | $2.3B | $2.0B | ||
| Q2 24 | $2.0B | $1.7B |
总资产MATOWL
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $12.5B | ||
| Q3 25 | $6.6B | $12.5B | ||
| Q2 25 | $6.2B | $12.3B | ||
| Q1 25 | $6.2B | $12.3B | ||
| Q4 24 | $6.5B | $11.0B | ||
| Q3 24 | $6.5B | $10.8B | ||
| Q2 24 | $5.9B | $9.7B |
负债/权益比MATOWL
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 1.51× | ||
| Q3 25 | 1.03× | 1.41× | ||
| Q2 25 | 1.08× | 1.38× | ||
| Q1 25 | 1.10× | 1.37× | ||
| Q4 24 | 1.03× | 1.22× | ||
| Q3 24 | 1.01× | 1.27× | ||
| Q2 24 | 1.18× | 1.41× |
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 | — | $382.9M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $359.1M |
| 自由现金流率自由现金流/营收 | -10.2% | 47.5% |
| 资本支出强度资本支出/营收 | 7.6% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 8.03× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流MATOWL
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $382.9M | ||
| Q3 25 | $72.0M | $433.1M | ||
| Q2 25 | $-300.1M | $422.5M | ||
| Q1 25 | $24.8M | $17.6M | ||
| Q4 24 | $862.1M | $324.0M | ||
| Q3 24 | $155.8M | $326.0M | ||
| Q2 24 | $-252.9M | $302.3M |
自由现金流MATOWL
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $359.1M | ||
| Q3 25 | — | $422.5M | ||
| Q2 25 | — | $412.5M | ||
| Q1 25 | — | $4.2M | ||
| Q4 24 | — | $310.1M | ||
| Q3 24 | — | $314.8M | ||
| Q2 24 | — | $269.4M |
自由现金流率MATOWL
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 47.5% | ||
| Q3 25 | — | 58.0% | ||
| Q2 25 | — | 58.7% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 49.1% | ||
| Q3 24 | — | 52.4% | ||
| Q2 24 | — | 49.0% |
资本支出强度MATOWL
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 6.0% |
现金转化率MATOWL
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 8.03× | ||
| Q3 25 | 0.26× | 68.64× | ||
| Q2 25 | -5.62× | 24.25× | ||
| Q1 25 | — | 2.37× | ||
| Q4 24 | 6.12× | 15.62× | ||
| Q3 24 | 0.42× | 10.94× | ||
| Q2 24 | -4.45× | 8.91× |
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
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
