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美泰（MAT）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是美泰的2.7倍（$2.3B vs $862.2M），PPL Corporation净利率更高（11.3% vs 7.1%，领先4.3%），PPL Corporation同比增速更快（7.2% vs 4.3%），美泰自由现金流更多（$-88.1M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% 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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
MAT vs PPL — 直观对比
营收规模更大
PPL
是对方的2.7倍
$862.2M
营收增速更快
PPL
高出2.9%
4.3%
净利率更高
PPL
高出4.3%
7.1%
自由现金流更多
MAT
多$525.9M
$-614.0M
两年增速更快
PPL
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $2.3B |
| 净利润 | $61.0M | $266.0M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | 20.3% |
| 净利率 | 7.1% | 11.3% |
| 营收同比 | 4.3% | 7.2% |
| 净利润同比 | 251.4% | 50.3% |
| 每股收益（稀释后） | $0.20 | $0.35 |
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MATPPL
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.0B | $2.0B | ||
| Q1 25 | $826.6M | $2.5B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.1B | $1.9B |
净利润MATPPL
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $266.0M | ||
| Q3 25 | $278.4M | $318.0M | ||
| Q2 25 | $53.4M | $183.0M | ||
| Q1 25 | $-40.3M | $414.0M | ||
| Q4 24 | $140.9M | $177.0M | ||
| Q3 24 | $372.4M | $214.0M | ||
| Q2 24 | $56.9M | $190.0M |
毛利率MATPPL
| 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MATPPL
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 20.3% | ||
| Q3 25 | 21.9% | 25.4% | ||
| Q2 25 | 7.7% | 19.9% | ||
| Q1 25 | -6.4% | 26.6% | ||
| Q4 24 | 9.6% | 17.2% | ||
| Q3 24 | 26.5% | 20.6% | ||
| Q2 24 | 7.7% | 20.8% |
净利率MATPPL
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 11.3% | ||
| Q3 25 | 16.0% | 14.2% | ||
| Q2 25 | 5.2% | 9.0% | ||
| Q1 25 | -4.9% | 16.3% | ||
| Q4 24 | 8.6% | 8.1% | ||
| Q3 24 | 20.2% | 10.3% | ||
| Q2 24 | 5.3% | 10.1% |
每股收益（稀释后）MATPPL
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $0.35 | ||
| Q3 25 | $0.88 | $0.43 | ||
| Q2 25 | $0.16 | $0.25 | ||
| Q1 25 | $-0.12 | $0.56 | ||
| Q4 24 | $0.40 | $0.23 | ||
| Q3 24 | $1.09 | $0.29 | ||
| Q2 24 | $0.17 | $0.26 |
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 | $1.1B |
| 总债务越低越好 | $2.3B | $18.9B |
| 股东权益账面价值 | $2.1B | $14.9B |
| 总资产 | $6.3B | $45.2B |
| 负债/权益比越低杠杆越低 | 1.11× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资MATPPL
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $691.9M | $1.1B | ||
| Q2 25 | $870.5M | $294.0M | ||
| Q1 25 | $1.2B | $312.0M | ||
| Q4 24 | $1.4B | $306.0M | ||
| Q3 24 | $723.5M | $542.0M | ||
| Q2 24 | $722.4M | $282.0M |
总债务MATPPL
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $18.9B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $16.5B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATPPL
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $14.9B | ||
| Q3 25 | $2.3B | $14.4B | ||
| Q2 25 | $2.2B | $14.3B | ||
| Q1 25 | $2.1B | $14.3B | ||
| Q4 24 | $2.3B | $14.1B | ||
| Q3 24 | $2.3B | $14.1B | ||
| Q2 24 | $2.0B | $14.1B |
总资产MATPPL
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $45.2B | ||
| Q3 25 | $6.6B | $43.9B | ||
| Q2 25 | $6.2B | $42.4B | ||
| Q1 25 | $6.2B | $41.8B | ||
| Q4 24 | $6.5B | $41.1B | ||
| Q3 24 | $6.5B | $40.5B | ||
| Q2 24 | $5.9B | $39.8B |
负债/权益比MATPPL
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 1.27× | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | 1.17× | ||
| 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 | — | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $-614.0M |
| 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% | 49.5% |
| 现金转化率经营现金流/净利润 | — | 2.06× |
| 过去12个月自由现金流最近4个季度 | — | $-1.4B |
8季度趋势，按日历期对齐
经营现金流MATPPL
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $548.0M | ||
| Q3 25 | $72.0M | $966.0M | ||
| Q2 25 | $-300.1M | $602.0M | ||
| Q1 25 | $24.8M | $513.0M | ||
| Q4 24 | $862.1M | $511.0M | ||
| Q3 24 | $155.8M | $781.0M | ||
| Q2 24 | $-252.9M | $766.0M |
自由现金流MATPPL
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $-614.0M | ||
| Q3 25 | — | $-179.0M | ||
| Q2 25 | — | $-328.0M | ||
| Q1 25 | — | $-280.0M | ||
| Q4 24 | — | $-349.0M | ||
| Q3 24 | — | $102.0M | ||
| Q2 24 | — | $96.0M |
自由现金流率MATPPL
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | -26.1% | ||
| Q3 25 | — | -8.0% | ||
| Q2 25 | — | -16.1% | ||
| Q1 25 | — | -11.0% | ||
| Q4 24 | — | -15.9% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 5.1% |
资本支出强度MATPPL
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 51.2% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 31.2% | ||
| Q4 24 | — | 39.3% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 35.8% |
现金转化率MATPPL
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 2.06× | ||
| Q3 25 | 0.26× | 3.04× | ||
| Q2 25 | -5.62× | 3.29× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | 6.12× | 2.89× | ||
| Q3 24 | 0.42× | 3.65× | ||
| Q2 24 | -4.45× | 4.03× |
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
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
