vs
美泰（MAT）与PELOTON INTERACTIVE, INC.（PTON）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PELOTON INTERACTIVE, INC.的1.3倍（$862.2M vs $656.5M），美泰净利率更高（7.1% vs -5.9%，领先13.0%），美泰同比增速更快（4.3% vs -2.6%），PELOTON INTERACTIVE, INC.自由现金流更多（$71.0M vs $-88.1M）
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。
派乐腾（Peloton Interactive）是总部位于美国纽约的健身设备与媒体服务商，主打搭载联网触控屏的动感单车、跑步机、室内划船器等产品，用户付费订阅即可观看直播和录播健身课程，设备内置传感器可追踪运动功率等数据，为用户提供实时运动表现反馈，还支持排行榜功能与其他用户互动比拼。
MAT vs PTON — 直观对比
营收规模更大
MAT
是对方的1.3倍
$656.5M
营收增速更快
MAT
高出6.9%
-2.6%
净利率更高
MAT
高出13.0%
-5.9%
自由现金流更多
PTON
多$159.1M
$-88.1M
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $656.5M |
| 净利润 | $61.0M | $-38.8M |
| 毛利率 | 44.9% | 50.5% |
| 营业利润率 | — | -2.2% |
| 净利率 | 7.1% | -5.9% |
| 营收同比 | 4.3% | -2.6% |
| 净利润同比 | 251.4% | 57.8% |
| 每股收益（稀释后） | $0.20 | $-0.09 |
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MATPTON
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $656.5M | ||
| Q3 25 | $1.7B | $550.8M | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $826.6M | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.1B | — |
净利润MATPTON
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $-38.8M | ||
| Q3 25 | $278.4M | $13.9M | ||
| Q2 25 | $53.4M | — | ||
| Q1 25 | $-40.3M | — | ||
| Q4 24 | $140.9M | — | ||
| Q3 24 | $372.4M | — | ||
| Q2 24 | $56.9M | — |
毛利率MATPTON
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 50.5% | ||
| Q3 25 | 50.0% | 51.5% | ||
| 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MATPTON
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | -2.2% | ||
| Q3 25 | 21.9% | 7.5% | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | -6.4% | — | ||
| Q4 24 | 9.6% | — | ||
| Q3 24 | 26.5% | — | ||
| Q2 24 | 7.7% | — |
净利率MATPTON
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | -5.9% | ||
| Q3 25 | 16.0% | 2.5% | ||
| Q2 25 | 5.2% | — | ||
| Q1 25 | -4.9% | — | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 20.2% | — | ||
| Q2 24 | 5.3% | — |
每股收益（稀释后）MATPTON
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $-0.09 | ||
| Q3 25 | $0.88 | $0.03 | ||
| Q2 25 | $0.16 | — | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $1.09 | — | ||
| Q2 24 | $0.17 | — |
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 | $1.2B |
| 总债务越低越好 | $2.3B | $1.5B |
| 股东权益账面价值 | $2.1B | $-326.7M |
| 总资产 | $6.3B | $2.2B |
| 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MATPTON
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $691.9M | $1.1B | ||
| Q2 25 | $870.5M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $723.5M | — | ||
| Q2 24 | $722.4M | — |
总债务MATPTON
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $1.5B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATPTON
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $-326.7M | ||
| Q3 25 | $2.3B | $-347.0M | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.0B | — |
总资产MATPTON
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $2.2B | ||
| Q3 25 | $6.6B | $2.2B | ||
| Q2 25 | $6.2B | — | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $6.5B | — | ||
| Q3 24 | $6.5B | — | ||
| Q2 24 | $5.9B | — |
负债/权益比MATPTON
| 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 | — | $71.9M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $71.0M |
| 自由现金流率自由现金流/营收 | -10.2% | 10.8% |
| 资本支出强度资本支出/营收 | 7.6% | 0.1% |
| 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MATPTON
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $71.9M | ||
| Q3 25 | $72.0M | $71.9M | ||
| Q2 25 | $-300.1M | — | ||
| Q1 25 | $24.8M | — | ||
| Q4 24 | $862.1M | — | ||
| Q3 24 | $155.8M | — | ||
| Q2 24 | $-252.9M | — |
自由现金流MATPTON
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $71.0M | ||
| Q3 25 | — | $67.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率MATPTON
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | 12.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度MATPTON
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率MATPTON
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | — | ||
| Q3 25 | 0.26× | 5.17× | ||
| Q2 25 | -5.62× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | -4.45× | — |
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
PTON
| Subscription And Circulation | $412.6M | 63% |
| Connected Fitness Products Segment | $243.9M | 37% |
| Product Warranty | $4.0M | 1% |
