vs
美泰（MAT）与Playtika Holding Corp.（PLTK）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Playtika Holding Corp.的1.3倍（$862.2M vs $678.8M），美泰净利率更高（7.1% vs -45.6%，领先52.6%），Playtika Holding Corp.同比增速更快（4.4% vs 4.3%），Playtika Holding Corp.自由现金流更多（$275.2M vs $-88.1M），过去两年Playtika Holding Corp.的营收复合增速更高（2.1% 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。
Playtika Holding Corp是一家专注于移动端游戏开发与发行的以色列数字娱乐企业，主打休闲社交类手游产品，在全球拥有庞大用户群体。截至2021年，该公司月活跃用户规模已经突破3500万，是行业内影响力突出的移动游戏厂商。
MAT vs PLTK — 直观对比
营收规模更大
MAT
是对方的1.3倍
$678.8M
营收增速更快
PLTK
高出0.1%
4.3%
净利率更高
MAT
高出52.6%
-45.6%
自由现金流更多
PLTK
多$363.3M
$-88.1M
两年增速更快
PLTK
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $678.8M |
| 净利润 | $61.0M | $-309.3M |
| 毛利率 | 44.9% | 72.5% |
| 营业利润率 | — | -41.4% |
| 净利率 | 7.1% | -45.6% |
| 营收同比 | 4.3% | 4.4% |
| 净利润同比 | 251.4% | -1752.1% |
| 每股收益（稀释后） | $0.20 | $-0.83 |
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MATPLTK
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $678.8M | ||
| Q3 25 | $1.7B | $674.6M | ||
| Q2 25 | $1.0B | $696.0M | ||
| Q1 25 | $826.6M | $706.0M | ||
| Q4 24 | $1.6B | $650.3M | ||
| Q3 24 | $1.8B | $620.8M | ||
| Q2 24 | $1.1B | $627.0M |
净利润MATPLTK
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $-309.3M | ||
| Q3 25 | $278.4M | $39.1M | ||
| Q2 25 | $53.4M | $33.2M | ||
| Q1 25 | $-40.3M | $30.6M | ||
| Q4 24 | $140.9M | $-16.7M | ||
| Q3 24 | $372.4M | $39.3M | ||
| Q2 24 | $56.9M | $86.6M |
毛利率MATPLTK
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 72.5% | ||
| Q3 25 | 50.0% | 73.6% | ||
| Q2 25 | 50.9% | 71.9% | ||
| Q1 25 | 49.4% | 72.0% | ||
| Q4 24 | 50.7% | 72.5% | ||
| Q3 24 | 53.1% | 72.9% | ||
| Q2 24 | 49.2% | 73.2% |
营业利润率MATPLTK
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | -41.4% | ||
| Q3 25 | 21.9% | 14.6% | ||
| Q2 25 | 7.7% | 15.8% | ||
| Q1 25 | -6.4% | 9.6% | ||
| Q4 24 | 9.6% | 8.5% | ||
| Q3 24 | 26.5% | 15.7% | ||
| Q2 24 | 7.7% | 22.4% |
净利率MATPLTK
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | -45.6% | ||
| Q3 25 | 16.0% | 5.8% | ||
| Q2 25 | 5.2% | 4.8% | ||
| Q1 25 | -4.9% | 4.3% | ||
| Q4 24 | 8.6% | -2.6% | ||
| Q3 24 | 20.2% | 6.3% | ||
| Q2 24 | 5.3% | 13.8% |
每股收益（稀释后）MATPLTK
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $-0.83 | ||
| Q3 25 | $0.88 | $0.11 | ||
| Q2 25 | $0.16 | $0.09 | ||
| Q1 25 | $-0.12 | $0.08 | ||
| Q4 24 | $0.40 | $-0.04 | ||
| Q3 24 | $1.09 | $0.11 | ||
| Q2 24 | $0.17 | $0.23 |
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 | $684.2M |
| 总债务越低越好 | $2.3B | $2.4B |
| 股东权益账面价值 | $2.1B | $-411.4M |
| 总资产 | $6.3B | $3.7B |
| 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MATPLTK
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $684.2M | ||
| Q3 25 | $691.9M | $587.9M | ||
| Q2 25 | $870.5M | $500.9M | ||
| Q1 25 | $1.2B | $434.8M | ||
| Q4 24 | $1.4B | $565.8M | ||
| Q3 24 | $723.5M | $1.1B | ||
| Q2 24 | $722.4M | $710.3M |
总债务MATPLTK
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $2.4B | ||
| Q3 25 | $2.3B | $2.4B | ||
| Q2 25 | $2.3B | $2.4B | ||
| Q1 25 | $2.3B | $2.4B | ||
| Q4 24 | $2.3B | $2.4B | ||
| Q3 24 | $2.3B | $2.4B | ||
| Q2 24 | $2.3B | $2.4B |
股东权益MATPLTK
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $-411.4M | ||
| Q3 25 | $2.3B | $-74.8M | ||
| Q2 25 | $2.2B | $-87.8M | ||
| Q1 25 | $2.1B | $-117.2M | ||
| Q4 24 | $2.3B | $-131.1M | ||
| Q3 24 | $2.3B | $-98.0M | ||
| Q2 24 | $2.0B | $-112.9M |
总资产MATPLTK
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $3.7B | ||
| Q3 25 | $6.6B | $3.7B | ||
| Q2 25 | $6.2B | $3.6B | ||
| Q1 25 | $6.2B | $3.6B | ||
| Q4 24 | $6.5B | $3.6B | ||
| Q3 24 | $6.5B | $3.2B | ||
| Q2 24 | $5.9B | $3.2B |
负债/权益比MATPLTK
| 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 | — | $285.9M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $275.2M |
| 自由现金流率自由现金流/营收 | -10.2% | 40.5% |
| 资本支出强度资本支出/营收 | 7.6% | 1.6% |
| 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 | — | $531.4M |
8季度趋势，按日历期对齐
经营现金流MATPLTK
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $285.9M | ||
| Q3 25 | $72.0M | $116.9M | ||
| Q2 25 | $-300.1M | $146.1M | ||
| Q1 25 | $24.8M | $18.8M | ||
| Q4 24 | $862.1M | $153.1M | ||
| Q3 24 | $155.8M | $156.9M | ||
| Q2 24 | $-252.9M | $150.5M |
自由现金流MATPLTK
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $275.2M | ||
| Q3 25 | — | $106.5M | ||
| Q2 25 | — | $141.3M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $140.3M | ||
| Q3 24 | — | $152.1M | ||
| Q2 24 | — | $141.2M |
自由现金流率MATPLTK
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 40.5% | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 20.3% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 22.5% |
资本支出强度MATPLTK
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 1.5% |
现金转化率MATPLTK
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | — | ||
| Q3 25 | 0.26× | 2.99× | ||
| Q2 25 | -5.62× | 4.40× | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | 3.99× | ||
| Q2 24 | -4.45× | 1.74× |
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
PLTK
| Third Party Platform | $428.7M | 63% |
| Other | $158.8M | 23% |
| Asia Pacific | $52.7M | 8% |
| Other Geographic Location | $38.6M | 6% |
