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美泰（MAT）与EPLUS INC（PLUS）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EPLUS INC的1.4倍（$862.2M vs $614.8M），美泰净利率更高（7.1% vs 5.7%，领先1.4%），EPLUS INC同比增速更快（20.3% vs 4.3%），过去两年EPLUS INC的营收复合增速更高（2.3% 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。
ePlus Inc.是美国的科技咨询解决方案提供商，业务覆盖网络安全、云计算、网络架构、协作办公、人工智能及前沿技术领域，为超5000家客户提供定制化解决方案、专业咨询与托管服务，助力企业实现数字化转型与技术升级。
MAT vs PLUS — 直观对比
营收规模更大
MAT
是对方的1.4倍
$614.8M
营收增速更快
PLUS
高出16.0%
4.3%
净利率更高
MAT
高出1.4%
5.7%
两年增速更快
PLUS
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $614.8M |
| 净利润 | $61.0M | $35.1M |
| 毛利率 | 44.9% | 25.8% |
| 营业利润率 | — | 7.1% |
| 净利率 | 7.1% | 5.7% |
| 营收同比 | 4.3% | 20.3% |
| 净利润同比 | 251.4% | 45.2% |
| 每股收益（稀释后） | $0.20 | $1.33 |
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MATPLUS
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $614.8M | ||
| Q3 25 | $1.7B | $608.8M | ||
| Q2 25 | $1.0B | $637.3M | ||
| Q1 25 | $826.6M | — | ||
| Q4 24 | $1.6B | $493.2M | ||
| Q3 24 | $1.8B | $493.4M | ||
| Q2 24 | $1.1B | $535.7M |
净利润MATPLUS
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $35.1M | ||
| Q3 25 | $278.4M | $34.9M | ||
| Q2 25 | $53.4M | $37.7M | ||
| Q1 25 | $-40.3M | — | ||
| Q4 24 | $140.9M | $24.1M | ||
| Q3 24 | $372.4M | $31.3M | ||
| Q2 24 | $56.9M | $27.3M |
毛利率MATPLUS
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 25.8% | ||
| Q3 25 | 50.0% | 26.6% | ||
| Q2 25 | 50.9% | 23.3% | ||
| Q1 25 | 49.4% | — | ||
| Q4 24 | 50.7% | 25.4% | ||
| Q3 24 | 53.1% | 25.8% | ||
| Q2 24 | 49.2% | 23.7% |
营业利润率MATPLUS
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 7.1% | ||
| Q3 25 | 21.9% | 8.0% | ||
| Q2 25 | 7.7% | 5.7% | ||
| Q1 25 | -6.4% | — | ||
| Q4 24 | 9.6% | 3.3% | ||
| Q3 24 | 26.5% | 5.5% | ||
| Q2 24 | 7.7% | 5.9% |
净利率MATPLUS
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 5.7% | ||
| Q3 25 | 16.0% | 5.7% | ||
| Q2 25 | 5.2% | 5.9% | ||
| Q1 25 | -4.9% | — | ||
| Q4 24 | 8.6% | 4.9% | ||
| Q3 24 | 20.2% | 6.3% | ||
| Q2 24 | 5.3% | 5.1% |
每股收益（稀释后）MATPLUS
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $1.33 | ||
| Q3 25 | $0.88 | $1.32 | ||
| Q2 25 | $0.16 | $1.43 | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $0.40 | $0.91 | ||
| Q3 24 | $1.09 | $1.17 | ||
| Q2 24 | $0.17 | $1.02 |
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 | $326.3M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $1.1B |
| 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MATPLUS
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $326.3M | ||
| Q3 25 | $691.9M | $402.2M | ||
| Q2 25 | $870.5M | $480.2M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | $253.1M | ||
| Q3 24 | $723.5M | $187.5M | ||
| Q2 24 | $722.4M | $349.9M |
总债务MATPLUS
| 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MATPLUS
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $1.1B | ||
| Q3 25 | $2.3B | $1.0B | ||
| Q2 25 | $2.2B | $1.0B | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.3B | $962.3M | ||
| Q3 24 | $2.3B | $947.0M | ||
| Q2 24 | $2.0B | $921.9M |
总资产MATPLUS
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $1.8B | ||
| Q3 25 | $6.6B | $1.8B | ||
| Q2 25 | $6.2B | $1.8B | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $6.5B | $1.8B | ||
| Q3 24 | $6.5B | $1.7B | ||
| Q2 24 | $5.9B | $1.7B |
负债/权益比MATPLUS
| 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 | — | $-87.4M |
| 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 | — | -2.49× |
| 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MATPLUS
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $-87.4M | ||
| Q3 25 | $72.0M | $-34.8M | ||
| Q2 25 | $-300.1M | $-99.0M | ||
| Q1 25 | $24.8M | — | ||
| Q4 24 | $862.1M | $65.7M | ||
| Q3 24 | $155.8M | $-21.6M | ||
| Q2 24 | $-252.9M | $97.1M |
自由现金流MATPLUS
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率MATPLUS
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度MATPLUS
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率MATPLUS
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | -2.49× | ||
| Q3 25 | 0.26× | -1.00× | ||
| Q2 25 | -5.62× | -2.63× | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | 2.72× | ||
| Q3 24 | 0.42× | -0.69× | ||
| Q2 24 | -4.45× | 3.55× |
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
PLUS
| All Others Customer End Market | $107.0M | 17% |
| Technology Customer End Market | $89.4M | 15% |
| Health Care Customer End Market | $81.5M | 13% |
| Financial Services Customer End Market | $66.1M | 11% |
| Professional Services Reporting Unit | $64.1M | 10% |
| Security | $61.1M | 10% |
| State And Local Government And Educational Institutions | $59.9M | 10% |
| Managed Services Reporting Unit | $48.8M | 8% |
| Other Product | $21.1M | 3% |
| Collaboration | $13.4M | 2% |
