vs
美泰（MAT）与PJT Partners Inc.（PJT）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PJT Partners Inc.的1.6倍（$862.2M vs $531.4M），PJT Partners Inc.净利率更高（10.0% vs 7.1%，领先3.0%），PJT Partners Inc.同比增速更快（12.9% vs 4.3%），PJT Partners Inc.自由现金流更多（$138.6M vs $-88.1M），过去两年PJT Partners Inc.的营收复合增速更高（27.5% 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。
PJT Partners Inc.是一家专注于顾问业务的全球投资银行，于2015年10月从黑石集团旗下拆分成立，独立运营原黑石的金融与战略咨询服务业务，为全球各类客户提供专业的投行顾问相关服务。
MAT vs PJT — 直观对比
营收规模更大
MAT
是对方的1.6倍
$531.4M
营收增速更快
PJT
高出8.6%
4.3%
净利率更高
PJT
高出3.0%
7.1%
自由现金流更多
PJT
多$226.7M
$-88.1M
两年增速更快
PJT
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $531.4M |
| 净利润 | $61.0M | $53.4M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | 23.1% |
| 净利率 | 7.1% | 10.0% |
| 营收同比 | 4.3% | 12.9% |
| 净利润同比 | 251.4% | 4.0% |
| 每股收益（稀释后） | $0.20 | — |
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MATPJT
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $531.4M | ||
| Q3 25 | $1.7B | $442.3M | ||
| Q2 25 | $1.0B | $401.1M | ||
| Q1 25 | $826.6M | $321.9M | ||
| Q4 24 | $1.6B | $470.5M | ||
| Q3 24 | $1.8B | $320.3M | ||
| Q2 24 | $1.1B | $358.1M |
净利润MATPJT
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $53.4M | ||
| Q3 25 | $278.4M | $39.8M | ||
| Q2 25 | $53.4M | $32.9M | ||
| Q1 25 | $-40.3M | $54.0M | ||
| Q4 24 | $140.9M | $51.3M | ||
| Q3 24 | $372.4M | $22.1M | ||
| Q2 24 | $56.9M | $28.3M |
毛利率MATPJT
| 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MATPJT
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 23.1% | ||
| Q3 25 | 21.9% | 20.6% | ||
| Q2 25 | 7.7% | 19.1% | ||
| Q1 25 | -6.4% | 16.3% | ||
| Q4 24 | 9.6% | 21.9% | ||
| Q3 24 | 26.5% | 15.4% | ||
| Q2 24 | 7.7% | 18.0% |
净利率MATPJT
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 10.0% | ||
| Q3 25 | 16.0% | 9.0% | ||
| Q2 25 | 5.2% | 8.2% | ||
| Q1 25 | -4.9% | 16.8% | ||
| Q4 24 | 8.6% | 10.9% | ||
| Q3 24 | 20.2% | 6.9% | ||
| Q2 24 | 5.3% | 7.9% |
每股收益（稀释后）MATPJT
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | — | ||
| Q3 25 | $0.88 | — | ||
| Q2 25 | $0.16 | — | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $1.09 | — | ||
| Q2 24 | $0.17 | — |
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 | $538.9M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $308.2M |
| 总资产 | $6.3B | $1.8B |
| 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MATPJT
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $538.9M | ||
| Q3 25 | $691.9M | $400.5M | ||
| Q2 25 | $870.5M | $214.6M | ||
| Q1 25 | $1.2B | $194.3M | ||
| Q4 24 | $1.4B | $483.9M | ||
| Q3 24 | $723.5M | $148.8M | ||
| Q2 24 | $722.4M | $164.2M |
总债务MATPJT
| 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MATPJT
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $308.2M | ||
| Q3 25 | $2.3B | $228.6M | ||
| Q2 25 | $2.2B | $167.4M | ||
| Q1 25 | $2.1B | $148.8M | ||
| Q4 24 | $2.3B | $187.0M | ||
| Q3 24 | $2.3B | $159.1M | ||
| Q2 24 | $2.0B | $133.8M |
总资产MATPJT
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $1.8B | ||
| Q3 25 | $6.6B | $1.7B | ||
| Q2 25 | $6.2B | $1.5B | ||
| Q1 25 | $6.2B | $1.4B | ||
| Q4 24 | $6.5B | $1.6B | ||
| Q3 24 | $6.5B | $1.6B | ||
| Q2 24 | $5.9B | $1.4B |
负债/权益比MATPJT
| 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 | — | $155.7M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $138.6M |
| 自由现金流率自由现金流/营收 | -10.2% | 26.1% |
| 资本支出强度资本支出/营收 | 7.6% | 3.2% |
| 现金转化率经营现金流/净利润 | — | 2.92× |
| 过去12个月自由现金流最近4个季度 | — | $480.4M |
8季度趋势，按日历期对齐
经营现金流MATPJT
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $155.7M | ||
| Q3 25 | $72.0M | $256.1M | ||
| Q2 25 | $-300.1M | $190.4M | ||
| Q1 25 | $24.8M | $-75.9M | ||
| Q4 24 | $862.1M | $195.7M | ||
| Q3 24 | $155.8M | $180.5M | ||
| Q2 24 | $-252.9M | $193.6M |
自由现金流MATPJT
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $138.6M | ||
| Q3 25 | — | $240.9M | ||
| Q2 25 | — | $178.9M | ||
| Q1 25 | — | $-77.9M | ||
| Q4 24 | — | $195.3M | ||
| Q3 24 | — | $178.5M | ||
| Q2 24 | — | $193.0M |
自由现金流率MATPJT
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 26.1% | ||
| Q3 25 | — | 54.5% | ||
| Q2 25 | — | 44.6% | ||
| Q1 25 | — | -24.2% | ||
| Q4 24 | — | 41.5% | ||
| Q3 24 | — | 55.7% | ||
| Q2 24 | — | 53.9% |
资本支出强度MATPJT
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.1% |
现金转化率MATPJT
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 2.92× | ||
| Q3 25 | 0.26× | 6.43× | ||
| Q2 25 | -5.62× | 5.79× | ||
| Q1 25 | — | -1.41× | ||
| Q4 24 | 6.12× | 3.81× | ||
| Q3 24 | 0.42× | 8.15× | ||
| Q2 24 | -4.45× | 6.84× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
