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美泰（MAT）与RLI CORP（RLI）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RLI CORP的1.9倍（$862.2M vs $465.7M），RLI CORP净利率更高（19.6% vs 7.1%，领先12.5%），RLI CORP同比增速更快（6.1% vs 4.3%），RLI CORP自由现金流更多（$155.0M vs $-88.1M），过去两年RLI CORP的营收复合增速更高（2.3% 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。
RLI Corp是一家总部位于美国伊利诺伊州皮奥里亚的专业保险公司，主营财产保险与意外伤害保险业务，深耕保险领域多年，凭借成熟的风险管控体系与定制化产品矩阵，为不同类型的客户提供全面可靠的风险保障服务。
MAT vs RLI — 直观对比
营收规模更大
MAT
是对方的1.9倍
$465.7M
营收增速更快
RLI
高出1.7%
4.3%
净利率更高
RLI
高出12.5%
7.1%
自由现金流更多
RLI
多$243.1M
$-88.1M
两年增速更快
RLI
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $465.7M |
| 净利润 | $61.0M | $91.2M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | 24.4% |
| 净利率 | 7.1% | 19.6% |
| 营收同比 | 4.3% | 6.1% |
| 净利润同比 | 251.4% | 123.1% |
| 每股收益（稀释后） | $0.20 | $1.00 |
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MATRLI
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $465.7M | ||
| Q3 25 | $1.7B | $509.3M | ||
| Q2 25 | $1.0B | $499.8M | ||
| Q1 25 | $826.6M | $407.7M | ||
| Q4 24 | $1.6B | $439.1M | ||
| Q3 24 | $1.8B | $470.0M | ||
| Q2 24 | $1.1B | $416.4M |
净利润MATRLI
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $91.2M | ||
| Q3 25 | $278.4M | $124.6M | ||
| Q2 25 | $53.4M | $124.3M | ||
| Q1 25 | $-40.3M | $63.2M | ||
| Q4 24 | $140.9M | $40.9M | ||
| Q3 24 | $372.4M | $95.0M | ||
| Q2 24 | $56.9M | $82.0M |
毛利率MATRLI
| 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MATRLI
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 24.4% | ||
| Q3 25 | 21.9% | 30.9% | ||
| Q2 25 | 7.7% | 31.3% | ||
| Q1 25 | -6.4% | 19.3% | ||
| Q4 24 | 9.6% | 10.8% | ||
| Q3 24 | 26.5% | 24.9% | ||
| Q2 24 | 7.7% | 24.8% |
净利率MATRLI
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 19.6% | ||
| Q3 25 | 16.0% | 24.5% | ||
| Q2 25 | 5.2% | 24.9% | ||
| Q1 25 | -4.9% | 15.5% | ||
| Q4 24 | 8.6% | 9.3% | ||
| Q3 24 | 20.2% | 20.2% | ||
| Q2 24 | 5.3% | 19.7% |
每股收益（稀释后）MATRLI
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $1.00 | ||
| Q3 25 | $0.88 | $1.35 | ||
| Q2 25 | $0.16 | $1.34 | ||
| Q1 25 | $-0.12 | $0.68 | ||
| Q4 24 | $0.40 | $-2.87 | ||
| Q3 24 | $1.09 | $2.06 | ||
| Q2 24 | $0.17 | $1.78 |
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 | — |
| 股东权益账面价值 | $2.1B | $1.8B |
| 总资产 | $6.3B | $6.2B |
| 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MATRLI
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $691.9M | — | ||
| Q2 25 | $870.5M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $723.5M | — | ||
| Q2 24 | $722.4M | — |
总债务MATRLI
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | $100.0M | ||
| Q2 25 | $2.3B | $100.0M | ||
| Q1 25 | $2.3B | $100.0M | ||
| Q4 24 | $2.3B | $100.0M | ||
| Q3 24 | $2.3B | $100.0M | ||
| Q2 24 | $2.3B | $100.0M |
股东权益MATRLI
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $1.8B | ||
| Q3 25 | $2.3B | $1.9B | ||
| Q2 25 | $2.2B | $1.7B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.3B | $1.5B | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | $2.0B | $1.6B |
总资产MATRLI
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $6.2B | ||
| Q3 25 | $6.6B | $6.2B | ||
| Q2 25 | $6.2B | $6.0B | ||
| Q1 25 | $6.2B | $5.7B | ||
| Q4 24 | $6.5B | $5.6B | ||
| Q3 24 | $6.5B | $5.8B | ||
| Q2 24 | $5.9B | $5.5B |
负债/权益比MATRLI
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.03× | 0.05× | ||
| Q2 25 | 1.08× | 0.06× | ||
| Q1 25 | 1.10× | 0.06× | ||
| Q4 24 | 1.03× | 0.07× | ||
| Q3 24 | 1.01× | 0.06× | ||
| Q2 24 | 1.18× | 0.06× |
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 | — | $156.8M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $155.0M |
| 自由现金流率自由现金流/营收 | -10.2% | 33.3% |
| 资本支出强度资本支出/营收 | 7.6% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.72× |
| 过去12个月自由现金流最近4个季度 | — | $608.7M |
8季度趋势，按日历期对齐
经营现金流MATRLI
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $156.8M | ||
| Q3 25 | $72.0M | $179.2M | ||
| Q2 25 | $-300.1M | $174.7M | ||
| Q1 25 | $24.8M | $103.5M | ||
| Q4 24 | $862.1M | $128.1M | ||
| Q3 24 | $155.8M | $219.4M | ||
| Q2 24 | $-252.9M | $141.8M |
自由现金流MATRLI
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $155.0M | ||
| Q3 25 | — | $177.8M | ||
| Q2 25 | — | $173.4M | ||
| Q1 25 | — | $102.5M | ||
| Q4 24 | — | $127.6M | ||
| Q3 24 | — | $219.0M | ||
| Q2 24 | — | $139.1M |
自由现金流率MATRLI
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 33.3% | ||
| Q3 25 | — | 34.9% | ||
| Q2 25 | — | 34.7% | ||
| Q1 25 | — | 25.1% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 46.6% | ||
| Q2 24 | — | 33.4% |
资本支出强度MATRLI
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.7% |
现金转化率MATRLI
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 1.72× | ||
| Q3 25 | 0.26× | 1.44× | ||
| Q2 25 | -5.62× | 1.41× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | 6.12× | 3.13× | ||
| Q3 24 | 0.42× | 2.31× | ||
| Q2 24 | -4.45× | 1.73× |
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
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
