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美泰（MAT）与先锋自然资源公司（PR）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先锋自然资源公司的1.5倍（$1.8B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs 6.0%，领先23.0%），美泰同比增速更快（7.3% vs -9.8%），过去两年美泰的营收复合增速更高（47.7% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
MAT vs PR — 直观对比
营收规模更大
MAT
是对方的1.5倍
$1.2B
营收增速更快
MAT
高出17.1%
-9.8%
净利率更高
PR
高出23.0%
6.0%
两年增速更快
MAT
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $106.2M | $339.5M |
| 毛利率 | 45.9% | — |
| 营业利润率 | 8.0% | 23.1% |
| 净利率 | 6.0% | 29.0% |
| 营收同比 | 7.3% | -9.8% |
| 净利润同比 | -24.6% | 56.7% |
| 每股收益（稀释后） | $0.32 | $0.48 |
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MATPR
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $826.6M | $1.4B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $809.5M | $1.2B |
净利润MATPR
| Q4 25 | $106.2M | $339.5M | ||
| Q3 25 | $278.4M | $59.2M | ||
| Q2 25 | $53.4M | $207.1M | ||
| Q1 25 | $-40.3M | $329.3M | ||
| Q4 24 | $140.9M | $216.7M | ||
| Q3 24 | $372.4M | $386.4M | ||
| Q2 24 | $56.9M | $235.1M | ||
| Q1 24 | $-28.3M | $146.6M |
毛利率MATPR
| 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MATPR
| Q4 25 | 8.0% | 23.1% | ||
| Q3 25 | 21.9% | 29.6% | ||
| Q2 25 | 7.7% | 24.8% | ||
| Q1 25 | -6.4% | 36.6% | ||
| Q4 24 | 9.6% | 32.8% | ||
| Q3 24 | 26.5% | 32.5% | ||
| Q2 24 | 7.7% | 36.5% | ||
| Q1 24 | -4.4% | 37.7% |
净利率MATPR
| Q4 25 | 6.0% | 29.0% | ||
| Q3 25 | 16.0% | 4.5% | ||
| Q2 25 | 5.2% | 17.3% | ||
| Q1 25 | -4.9% | 23.9% | ||
| Q4 24 | 8.6% | 16.7% | ||
| Q3 24 | 20.2% | 31.8% | ||
| Q2 24 | 5.3% | 18.9% | ||
| Q1 24 | -3.5% | 11.8% |
每股收益（稀释后）MATPR
| Q4 25 | $0.32 | $0.48 | ||
| Q3 25 | $0.88 | $0.08 | ||
| Q2 25 | $0.16 | $0.28 | ||
| Q1 25 | $-0.12 | $0.44 | ||
| Q4 24 | $0.40 | $0.31 | ||
| Q3 24 | $1.09 | $0.53 | ||
| Q2 24 | $0.17 | $0.36 | ||
| Q1 24 | $-0.08 | $0.25 |
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 | $153.7M |
| 总债务越低越好 | $2.3B | $3.5B |
| 股东权益账面价值 | $2.2B | $10.3B |
| 总资产 | $6.6B | $17.9B |
| 负债/权益比越低杠杆越低 | 1.04× | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资MATPR
| Q4 25 | $1.2B | $153.7M | ||
| Q3 25 | $691.9M | $111.8M | ||
| Q2 25 | $870.5M | $451.0M | ||
| Q1 25 | $1.2B | $702.2M | ||
| Q4 24 | $1.4B | $479.3M | ||
| Q3 24 | $723.5M | $272.0M | ||
| Q2 24 | $722.4M | $47.8M | ||
| Q1 24 | $1.1B | $12.7M |
总债务MATPR
| Q4 25 | $2.3B | $3.5B | ||
| Q3 25 | $2.3B | $3.5B | ||
| Q2 25 | $2.3B | $4.0B | ||
| Q1 25 | $2.3B | $4.0B | ||
| Q4 24 | $2.3B | $4.2B | ||
| Q3 24 | $2.3B | $4.2B | ||
| Q2 24 | $2.3B | $3.9B | ||
| Q1 24 | $2.3B | $3.9B |
股东权益MATPR
| Q4 25 | $2.2B | $10.3B | ||
| Q3 25 | $2.3B | $10.0B | ||
| Q2 25 | $2.2B | $9.5B | ||
| Q1 25 | $2.1B | $9.4B | ||
| Q4 24 | $2.3B | $9.1B | ||
| Q3 24 | $2.3B | $9.0B | ||
| Q2 24 | $2.0B | $8.3B | ||
| Q1 24 | $2.0B | $7.0B |
总资产MATPR
| Q4 25 | $6.6B | $17.9B | ||
| Q3 25 | $6.6B | $17.3B | ||
| Q2 25 | $6.2B | $17.5B | ||
| Q1 25 | $6.2B | $17.1B | ||
| Q4 24 | $6.5B | $16.9B | ||
| Q3 24 | $6.5B | $16.6B | ||
| Q2 24 | $5.9B | $15.4B | ||
| Q1 24 | $6.1B | $15.1B |
负债/权益比MATPR
| Q4 25 | 1.04× | 0.34× | ||
| Q3 25 | 1.03× | 0.35× | ||
| Q2 25 | 1.08× | 0.42× | ||
| Q1 25 | 1.10× | 0.43× | ||
| Q4 24 | 1.03× | 0.46× | ||
| Q3 24 | 1.01× | 0.47× | ||
| Q2 24 | 1.18× | 0.46× | ||
| Q1 24 | 1.15× | 0.56× |
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 | $904.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 7.50× | 2.66× |
| 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MATPR
| Q4 25 | $796.6M | $904.3M | ||
| Q3 25 | $72.0M | $766.5M | ||
| Q2 25 | $-300.1M | $1.0B | ||
| Q1 25 | $24.8M | $898.0M | ||
| Q4 24 | $862.1M | $871.6M | ||
| Q3 24 | $155.8M | $954.4M | ||
| Q2 24 | $-252.9M | $938.4M | ||
| Q1 24 | $35.5M | $647.6M |
现金转化率MATPR
| Q4 25 | 7.50× | 2.66× | ||
| Q3 25 | 0.26× | 12.94× | ||
| Q2 25 | -5.62× | 5.01× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | 6.12× | 4.02× | ||
| Q3 24 | 0.42× | 2.47× | ||
| Q2 24 | -4.45× | 3.99× | ||
| Q1 24 | — | 4.42× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
