vs
美泰（MAT）与PORTLAND GENERAL ELECTRIC CO（POR）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PORTLAND GENERAL ELECTRIC CO的2.0倍（$1.8B vs $889.0M），美泰净利率更高（6.0% vs 4.6%，领先1.4%），PORTLAND GENERAL ELECTRIC CO同比增速更快（7.9% vs 7.3%），过去两年美泰的营收复合增速更高（47.7% vs -2.2%）
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。
波特兰通用电气（简称PGE）是财富1000强上市能源企业，总部位于美国俄勒冈州波特兰，业务覆盖发电、输电、配电全链路，为俄勒冈州近三分之二的工商业活动提供电力服务，受俄勒冈州公用事业委员会监管，前身为1888年成立的威拉米特瀑布电气公司。
MAT vs POR — 直观对比
营收规模更大
MAT
是对方的2.0倍
$889.0M
营收增速更快
POR
高出0.6%
7.3%
净利率更高
MAT
高出1.4%
4.6%
两年增速更快
MAT
近两年复合增速
-2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $889.0M |
| 净利润 | $106.2M | $41.0M |
| 毛利率 | 45.9% | — |
| 营业利润率 | 8.0% | 10.7% |
| 净利率 | 6.0% | 4.6% |
| 营收同比 | 7.3% | 7.9% |
| 净利润同比 | -24.6% | 7.9% |
| 每股收益（稀释后） | $0.32 | $0.36 |
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MATPOR
| Q4 25 | $1.8B | $889.0M | ||
| Q3 25 | $1.7B | $952.0M | ||
| Q2 25 | $1.0B | $807.0M | ||
| Q1 25 | $826.6M | $928.0M | ||
| Q4 24 | $1.6B | $824.0M | ||
| Q3 24 | $1.8B | $929.0M | ||
| Q2 24 | $1.1B | $758.0M | ||
| Q1 24 | $809.5M | $929.0M |
净利润MATPOR
| Q4 25 | $106.2M | $41.0M | ||
| Q3 25 | $278.4M | $103.0M | ||
| Q2 25 | $53.4M | $62.0M | ||
| Q1 25 | $-40.3M | $100.0M | ||
| Q4 24 | $140.9M | $38.0M | ||
| Q3 24 | $372.4M | $94.0M | ||
| Q2 24 | $56.9M | $72.0M | ||
| Q1 24 | $-28.3M | $109.0M |
毛利率MATPOR
| 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% | — | ||
| Q1 24 | 48.0% | — |
营业利润率MATPOR
| Q4 25 | 8.0% | 10.7% | ||
| Q3 25 | 21.9% | 18.3% | ||
| Q2 25 | 7.7% | 14.6% | ||
| Q1 25 | -6.4% | 18.1% | ||
| Q4 24 | 9.6% | 10.7% | ||
| Q3 24 | 26.5% | 15.7% | ||
| Q2 24 | 7.7% | 15.3% | ||
| Q1 24 | -4.4% | 17.4% |
净利率MATPOR
| Q4 25 | 6.0% | 4.6% | ||
| Q3 25 | 16.0% | 10.8% | ||
| Q2 25 | 5.2% | 7.7% | ||
| Q1 25 | -4.9% | 10.8% | ||
| Q4 24 | 8.6% | 4.6% | ||
| Q3 24 | 20.2% | 10.1% | ||
| Q2 24 | 5.3% | 9.5% | ||
| Q1 24 | -3.5% | 11.7% |
每股收益（稀释后）MATPOR
| Q4 25 | $0.32 | $0.36 | ||
| Q3 25 | $0.88 | $0.94 | ||
| Q2 25 | $0.16 | $0.56 | ||
| Q1 25 | $-0.12 | $0.91 | ||
| Q4 24 | $0.40 | $0.34 | ||
| Q3 24 | $1.09 | $0.90 | ||
| Q2 24 | $0.17 | $0.69 | ||
| Q1 24 | $-0.08 | $1.08 |
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 | $1.2B | — |
| 总债务越低越好 | $2.3B | $4.7B |
| 股东权益账面价值 | $2.2B | $4.1B |
| 总资产 | $6.6B | $13.2B |
| 负债/权益比越低杠杆越低 | 1.04× | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资MATPOR
| Q4 25 | $1.2B | — | ||
| Q3 25 | $691.9M | — | ||
| Q2 25 | $870.5M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $723.5M | — | ||
| Q2 24 | $722.4M | — | ||
| Q1 24 | $1.1B | — |
总债务MATPOR
| Q4 25 | $2.3B | $4.7B | ||
| Q3 25 | $2.3B | $4.7B | ||
| Q2 25 | $2.3B | $4.7B | ||
| Q1 25 | $2.3B | $4.7B | ||
| Q4 24 | $2.3B | $4.5B | ||
| Q3 24 | $2.3B | $4.4B | ||
| Q2 24 | $2.3B | $4.4B | ||
| Q1 24 | $2.3B | $4.4B |
股东权益MATPOR
| Q4 25 | $2.2B | $4.1B | ||
| Q3 25 | $2.3B | $4.0B | ||
| Q2 25 | $2.2B | $3.9B | ||
| Q1 25 | $2.1B | $3.8B | ||
| Q4 24 | $2.3B | $3.8B | ||
| Q3 24 | $2.3B | $3.6B | ||
| Q2 24 | $2.0B | $3.5B | ||
| Q1 24 | $2.0B | $3.5B |
总资产MATPOR
| Q4 25 | $6.6B | $13.2B | ||
| Q3 25 | $6.6B | $13.0B | ||
| Q2 25 | $6.2B | $12.7B | ||
| Q1 25 | $6.2B | $12.7B | ||
| Q4 24 | $6.5B | $12.5B | ||
| Q3 24 | $6.5B | $11.9B | ||
| Q2 24 | $5.9B | $11.6B | ||
| Q1 24 | $6.1B | $11.6B |
负债/权益比MATPOR
| Q4 25 | 1.04× | 1.13× | ||
| Q3 25 | 1.03× | 1.20× | ||
| Q2 25 | 1.08× | 1.23× | ||
| Q1 25 | 1.10× | 1.23× | ||
| Q4 24 | 1.03× | 1.20× | ||
| Q3 24 | 1.01× | 1.22× | ||
| Q2 24 | 1.18× | 1.27× | ||
| Q1 24 | 1.15× | 1.28× |
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 | $796.6M | $148.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-142.0M |
| 自由现金流率自由现金流/营收 | — | -16.0% |
| 资本支出强度资本支出/营收 | — | 32.6% |
| 现金转化率经营现金流/净利润 | 7.50× | 3.61× |
| 过去12个月自由现金流最近4个季度 | — | $-71.0M |
8季度趋势，按日历期对齐
经营现金流MATPOR
| Q4 25 | $796.6M | $148.0M | ||
| Q3 25 | $72.0M | $403.0M | ||
| Q2 25 | $-300.1M | $336.0M | ||
| Q1 25 | $24.8M | $231.0M | ||
| Q4 24 | $862.1M | $170.0M | ||
| Q3 24 | $155.8M | $244.0M | ||
| Q2 24 | $-252.9M | $189.0M | ||
| Q1 24 | $35.5M | $175.0M |
自由现金流MATPOR
| Q4 25 | — | $-142.0M | ||
| Q3 25 | — | $100.0M | ||
| Q2 25 | — | $99.0M | ||
| Q1 25 | — | $-128.0M | ||
| Q4 24 | — | $-222.0M | ||
| Q3 24 | — | $-9.0M | ||
| Q2 24 | — | $-109.0M | ||
| Q1 24 | — | $-150.0M |
自由现金流率MATPOR
| Q4 25 | — | -16.0% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | -13.8% | ||
| Q4 24 | — | -26.9% | ||
| Q3 24 | — | -1.0% | ||
| Q2 24 | — | -14.4% | ||
| Q1 24 | — | -16.1% |
资本支出强度MATPOR
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 31.8% | ||
| Q2 25 | — | 29.4% | ||
| Q1 25 | — | 38.7% | ||
| Q4 24 | — | 47.6% | ||
| Q3 24 | — | 27.2% | ||
| Q2 24 | — | 39.3% | ||
| Q1 24 | — | 35.0% |
现金转化率MATPOR
| Q4 25 | 7.50× | 3.61× | ||
| Q3 25 | 0.26× | 3.91× | ||
| Q2 25 | -5.62× | 5.42× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | 6.12× | 4.47× | ||
| Q3 24 | 0.42× | 2.60× | ||
| Q2 24 | -4.45× | 2.63× | ||
| Q1 24 | — | 1.61× |
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
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
POR
| Other | $507.0M | 57% |
| Commercial | $231.0M | 26% |
| Industrial | $140.0M | 16% |
| Direct Accesscustomers | $11.0M | 1% |
