vs
美泰（MAT）与拉夫劳伦（RL）财务数据对比。点击上方公司名可切换其他公司
拉夫劳伦的季度营收约是美泰的1.4倍（$2.4B vs $1.8B），拉夫劳伦净利率更高（15.0% vs 6.0%，领先9.0%），拉夫劳伦同比增速更快（12.2% vs 7.3%），过去两年美泰的营收复合增速更高（47.7% vs 23.9%）
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。
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
MAT vs RL — 直观对比
营收规模更大
RL
是对方的1.4倍
$1.8B
营收增速更快
RL
高出5.0%
7.3%
净利率更高
RL
高出9.0%
6.0%
两年增速更快
MAT
近两年复合增速
23.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.4B |
| 净利润 | $106.2M | $361.6M |
| 毛利率 | 45.9% | 69.9% |
| 营业利润率 | 8.0% | 19.6% |
| 净利率 | 6.0% | 15.0% |
| 营收同比 | 7.3% | 12.2% |
| 净利润同比 | -24.6% | 21.6% |
| 每股收益（稀释后） | $0.32 | $5.82 |
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MATRL
| Q4 25 | $1.8B | $2.4B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $826.6M | $1.7B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.8B | $1.7B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $809.5M | $1.6B |
净利润MATRL
| Q4 25 | $106.2M | $361.6M | ||
| Q3 25 | $278.4M | $207.5M | ||
| Q2 25 | $53.4M | $220.4M | ||
| Q1 25 | $-40.3M | $129.0M | ||
| Q4 24 | $140.9M | $297.4M | ||
| Q3 24 | $372.4M | $147.9M | ||
| Q2 24 | $56.9M | $168.6M | ||
| Q1 24 | $-28.3M | $90.7M |
毛利率MATRL
| Q4 25 | 45.9% | 69.9% | ||
| Q3 25 | 50.0% | 68.0% | ||
| Q2 25 | 50.9% | 72.3% | ||
| Q1 25 | 49.4% | 68.7% | ||
| Q4 24 | 50.7% | 68.4% | ||
| Q3 24 | 53.1% | 67.0% | ||
| Q2 24 | 49.2% | 70.5% | ||
| Q1 24 | 48.0% | 66.6% |
营业利润率MATRL
| Q4 25 | 8.0% | 19.6% | ||
| Q3 25 | 21.9% | 12.2% | ||
| Q2 25 | 7.7% | 15.9% | ||
| Q1 25 | -6.4% | 9.1% | ||
| Q4 24 | 9.6% | 18.2% | ||
| Q3 24 | 26.5% | 10.4% | ||
| Q2 24 | 7.7% | 13.8% | ||
| Q1 24 | -4.4% | 6.9% |
净利率MATRL
| Q4 25 | 6.0% | 15.0% | ||
| Q3 25 | 16.0% | 10.3% | ||
| Q2 25 | 5.2% | 12.8% | ||
| Q1 25 | -4.9% | 7.6% | ||
| Q4 24 | 8.6% | 13.9% | ||
| Q3 24 | 20.2% | 8.6% | ||
| Q2 24 | 5.3% | 11.1% | ||
| Q1 24 | -3.5% | 5.8% |
每股收益（稀释后）MATRL
| Q4 25 | $0.32 | $5.82 | ||
| Q3 25 | $0.88 | $3.32 | ||
| Q2 25 | $0.16 | $3.52 | ||
| Q1 25 | $-0.12 | $2.03 | ||
| Q4 24 | $0.40 | $4.66 | ||
| Q3 24 | $1.09 | $2.31 | ||
| Q2 24 | $0.17 | $2.61 | ||
| Q1 24 | $-0.08 | $1.37 |
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 | $2.3B |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.2B | $2.9B |
| 总资产 | $6.6B | $7.8B |
| 负债/权益比越低杠杆越低 | 1.04× | — |
8季度趋势，按日历期对齐
现金及短期投资MATRL
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $691.9M | $1.6B | ||
| Q2 25 | $870.5M | $2.3B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $723.5M | $1.7B | ||
| Q2 24 | $722.4M | $1.8B | ||
| Q1 24 | $1.1B | $1.8B |
总债务MATRL
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | — |
股东权益MATRL
| Q4 25 | $2.2B | $2.9B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $2.2B | $2.5B | ||
| Q1 25 | $2.1B | $2.6B | ||
| Q4 24 | $2.3B | $2.5B | ||
| Q3 24 | $2.3B | $2.4B | ||
| Q2 24 | $2.0B | $2.4B | ||
| Q1 24 | $2.0B | $2.5B |
总资产MATRL
| Q4 25 | $6.6B | $7.8B | ||
| Q3 25 | $6.6B | $7.3B | ||
| Q2 25 | $6.2B | $7.8B | ||
| Q1 25 | $6.2B | $7.0B | ||
| Q4 24 | $6.5B | $7.1B | ||
| Q3 24 | $6.5B | $6.8B | ||
| Q2 24 | $5.9B | $6.6B | ||
| Q1 24 | $6.1B | $6.6B |
负债/权益比MATRL
| 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× | — | ||
| Q1 24 | 1.15× | — |
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 | $779.6M |
| 自由现金流经营现金流 - 资本支出 | — | $704.0M |
| 自由现金流率自由现金流/营收 | — | 29.3% |
| 资本支出强度资本支出/营收 | — | 3.1% |
| 现金转化率经营现金流/净利润 | 7.50× | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $694.5M |
8季度趋势，按日历期对齐
经营现金流MATRL
| Q4 25 | $796.6M | $779.6M | ||
| Q3 25 | $72.0M | $53.2M | ||
| Q2 25 | $-300.1M | $176.1M | ||
| Q1 25 | $24.8M | $122.2M | ||
| Q4 24 | $862.1M | $738.4M | ||
| Q3 24 | $155.8M | $97.2M | ||
| Q2 24 | $-252.9M | $277.3M | ||
| Q1 24 | $35.5M | — |
自由现金流MATRL
| Q4 25 | — | $704.0M | ||
| Q3 25 | — | $-40.6M | ||
| Q2 25 | — | $-11.2M | ||
| Q1 25 | — | $42.3M | ||
| Q4 24 | — | $677.2M | ||
| Q3 24 | — | $55.5M | ||
| Q2 24 | — | $243.9M | ||
| Q1 24 | — | — |
自由现金流率MATRL
| Q4 25 | — | 29.3% | ||
| Q3 25 | — | -2.0% | ||
| Q2 25 | — | -0.7% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 31.6% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 16.1% | ||
| Q1 24 | — | — |
资本支出强度MATRL
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
现金转化率MATRL
| Q4 25 | 7.50× | 2.16× | ||
| Q3 25 | 0.26× | 0.26× | ||
| Q2 25 | -5.62× | 0.80× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | 6.12× | 2.48× | ||
| Q3 24 | 0.42× | 0.66× | ||
| Q2 24 | -4.45× | 1.64× | ||
| Q1 24 | — | — |
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% |
RL
暂无分部数据
