vs
美泰（MAT）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
帕森斯公司的季度营收约是美泰的1.7倍（$1.5B vs $862.2M），美泰净利率更高（7.1% vs 3.5%，领先3.5%），美泰同比增速更快（4.3% vs 3.0%），过去两年帕森斯公司的营收复合增速更高（-5.5% 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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
MAT vs PSN — 直观对比
营收规模更大
PSN
是对方的1.7倍
$862.2M
营收增速更快
MAT
高出1.4%
3.0%
净利率更高
MAT
高出3.5%
3.5%
两年增速更快
PSN
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $1.5B |
| 净利润 | $61.0M | $52.9M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | 6.4% |
| 净利率 | 7.1% | 3.5% |
| 营收同比 | 4.3% | 3.0% |
| 净利润同比 | 251.4% | -20.1% |
| 每股收益（稀释后） | $0.20 | $0.49 |
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MATPSN
| Q1 26 | $862.2M | $1.5B | ||
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.0B | $1.6B | ||
| Q1 25 | $826.6M | $1.6B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.1B | $1.7B |
净利润MATPSN
| Q1 26 | $61.0M | $52.9M | ||
| Q4 25 | $106.2M | $55.6M | ||
| Q3 25 | $278.4M | $64.1M | ||
| Q2 25 | $53.4M | $55.2M | ||
| Q1 25 | $-40.3M | $66.2M | ||
| Q4 24 | $140.9M | $201.3M | ||
| Q3 24 | $372.4M | $72.0M | ||
| Q2 24 | $56.9M | $69.2M |
毛利率MATPSN
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 23.0% | ||
| Q3 25 | 50.0% | 22.2% | ||
| Q2 25 | 50.9% | 22.0% | ||
| Q1 25 | 49.4% | 22.8% | ||
| Q4 24 | 50.7% | 21.3% | ||
| Q3 24 | 53.1% | 19.9% | ||
| Q2 24 | 49.2% | 21.0% |
营业利润率MATPSN
| Q1 26 | — | 6.4% | ||
| Q4 25 | 8.0% | 6.6% | ||
| Q3 25 | 21.9% | 6.7% | ||
| Q2 25 | 7.7% | 6.0% | ||
| Q1 25 | -6.4% | 7.0% | ||
| Q4 24 | 9.6% | 5.8% | ||
| Q3 24 | 26.5% | 6.4% | ||
| Q2 24 | 7.7% | 6.7% |
净利率MATPSN
| Q1 26 | 7.1% | 3.5% | ||
| Q4 25 | 6.0% | 3.5% | ||
| Q3 25 | 16.0% | 4.0% | ||
| Q2 25 | 5.2% | 3.5% | ||
| Q1 25 | -4.9% | 4.3% | ||
| Q4 24 | 8.6% | 11.6% | ||
| Q3 24 | 20.2% | 4.0% | ||
| Q2 24 | 5.3% | 4.1% |
每股收益（稀释后）MATPSN
| Q1 26 | $0.20 | $0.49 | ||
| Q4 25 | $0.32 | $0.51 | ||
| Q3 25 | $0.88 | $0.59 | ||
| Q2 25 | $0.16 | $0.50 | ||
| Q1 25 | $-0.12 | $0.60 | ||
| Q4 24 | $0.40 | $1.85 | ||
| Q3 24 | $1.09 | $0.65 | ||
| Q2 24 | $0.17 | $0.63 |
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 | — |
| 总债务越低越好 | $2.3B | $1.5B |
| 股东权益账面价值 | $2.1B | $2.8B |
| 总资产 | $6.3B | $6.0B |
| 负债/权益比越低杠杆越低 | 1.11× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资MATPSN
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $466.4M | ||
| Q3 25 | $691.9M | $422.6M | ||
| Q2 25 | $870.5M | $411.3M | ||
| Q1 25 | $1.2B | $269.7M | ||
| Q4 24 | $1.4B | $453.5M | ||
| Q3 24 | $723.5M | $558.8M | ||
| Q2 24 | $722.4M | $528.5M |
总债务MATPSN
| Q1 26 | $2.3B | $1.5B | ||
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.3B | $1.2B | ||
| Q1 25 | $2.3B | $785.2M | ||
| Q4 24 | $2.3B | $784.1M | ||
| Q3 24 | $2.3B | $1.1B | ||
| Q2 24 | $2.3B | $1.2B |
股东权益MATPSN
| Q1 26 | $2.1B | $2.8B | ||
| Q4 25 | $2.2B | $2.6B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $2.2B | $2.5B | ||
| Q1 25 | $2.1B | $2.5B | ||
| Q4 24 | $2.3B | $2.4B | ||
| Q3 24 | $2.3B | $2.3B | ||
| Q2 24 | $2.0B | $2.2B |
总资产MATPSN
| Q1 26 | $6.3B | $6.0B | ||
| Q4 25 | $6.6B | $5.8B | ||
| Q3 25 | $6.6B | $5.7B | ||
| Q2 25 | $6.2B | $5.7B | ||
| Q1 25 | $6.2B | $5.4B | ||
| Q4 24 | $6.5B | $5.5B | ||
| Q3 24 | $6.5B | $5.4B | ||
| Q2 24 | $5.9B | $5.2B |
负债/权益比MATPSN
| Q1 26 | 1.11× | 0.55× | ||
| Q4 25 | 1.04× | 0.47× | ||
| Q3 25 | 1.03× | 0.48× | ||
| Q2 25 | 1.08× | 0.49× | ||
| Q1 25 | 1.10× | 0.32× | ||
| Q4 24 | 1.03× | 0.32× | ||
| Q3 24 | 1.01× | 0.49× | ||
| Q2 24 | 1.18× | 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 | — | — |
| 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 | — | — |
| 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MATPSN
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $167.5M | ||
| Q3 25 | $72.0M | $162.8M | ||
| Q2 25 | $-300.1M | $159.8M | ||
| Q1 25 | $24.8M | $-11.8M | ||
| Q4 24 | $862.1M | $126.8M | ||
| Q3 24 | $155.8M | $299.0M | ||
| Q2 24 | $-252.9M | $161.2M |
自由现金流MATPSN
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $135.6M | ||
| Q3 25 | — | $149.7M | ||
| Q2 25 | — | $150.4M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $108.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $152.0M |
自由现金流率MATPSN
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | -1.6% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 9.1% |
资本支出强度MATPSN
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% |
现金转化率MATPSN
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 3.01× | ||
| Q3 25 | 0.26× | 2.54× | ||
| Q2 25 | -5.62× | 2.89× | ||
| Q1 25 | — | -0.18× | ||
| Q4 24 | 6.12× | 0.63× | ||
| Q3 24 | 0.42× | 4.16× | ||
| Q2 24 | -4.45× | 2.33× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
