vs
美泰（MAT）与永利度假村有限公司（RRR）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永利度假村有限公司的1.7倍（$862.2M vs $507.3M），永利度假村有限公司净利率更高（16.3% vs 7.1%，领先9.2%），美泰同比增速更快（4.3% vs 1.9%），过去两年永利度假村有限公司的营收复合增速更高（2.1% 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。
永利度假村有限公司是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店与赌场的开发及运营。公司由前梦幻度假村集团董事长兼首席执行官史蒂夫·永利于2002年创立，现任首席执行官为克雷格·比林斯，截至2020年共开发了6处物业。
MAT vs RRR — 直观对比
营收规模更大
MAT
是对方的1.7倍
$507.3M
营收增速更快
MAT
高出2.4%
1.9%
净利率更高
RRR
高出9.2%
7.1%
两年增速更快
RRR
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $507.3M |
| 净利润 | $61.0M | $82.7M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | 28.3% |
| 净利率 | 7.1% | 16.3% |
| 营收同比 | 4.3% | 1.9% |
| 净利润同比 | 251.4% | -3.8% |
| 每股收益（稀释后） | $0.20 | $0.73 |
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MATRRR
| Q1 26 | $862.2M | $507.3M | ||
| Q4 25 | $1.8B | $511.8M | ||
| Q3 25 | $1.7B | $475.6M | ||
| Q2 25 | $1.0B | $526.3M | ||
| Q1 25 | $826.6M | $497.9M | ||
| Q4 24 | $1.6B | $495.7M | ||
| Q3 24 | $1.8B | $468.0M | ||
| Q2 24 | $1.1B | $486.4M |
净利润MATRRR
| Q1 26 | $61.0M | $82.7M | ||
| Q4 25 | $106.2M | $44.7M | ||
| Q3 25 | $278.4M | $42.3M | ||
| Q2 25 | $53.4M | $56.4M | ||
| Q1 25 | $-40.3M | $44.7M | ||
| Q4 24 | $140.9M | $46.6M | ||
| Q3 24 | $372.4M | $29.0M | ||
| Q2 24 | $56.9M | $35.7M |
毛利率MATRRR
| 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MATRRR
| Q1 26 | — | 28.3% | ||
| Q4 25 | 8.0% | 28.1% | ||
| Q3 25 | 21.9% | 27.6% | ||
| Q2 25 | 7.7% | 31.9% | ||
| Q1 25 | -6.4% | 31.0% | ||
| Q4 24 | 9.6% | 28.7% | ||
| Q3 24 | 26.5% | 27.9% | ||
| Q2 24 | 7.7% | 28.8% |
净利率MATRRR
| Q1 26 | 7.1% | 16.3% | ||
| Q4 25 | 6.0% | 8.7% | ||
| Q3 25 | 16.0% | 8.9% | ||
| Q2 25 | 5.2% | 10.7% | ||
| Q1 25 | -4.9% | 9.0% | ||
| Q4 24 | 8.6% | 9.4% | ||
| Q3 24 | 20.2% | 6.2% | ||
| Q2 24 | 5.3% | 7.3% |
每股收益（稀释后）MATRRR
| Q1 26 | $0.20 | $0.73 | ||
| Q4 25 | $0.32 | $0.74 | ||
| Q3 25 | $0.88 | $0.68 | ||
| Q2 25 | $0.16 | $0.95 | ||
| Q1 25 | $-0.12 | $0.75 | ||
| Q4 24 | $0.40 | $0.78 | ||
| Q3 24 | $1.09 | $0.48 | ||
| Q2 24 | $0.17 | $0.59 |
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 | — |
| 总资产 | $6.3B | — |
| 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MATRRR
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $142.5M | ||
| Q3 25 | $691.9M | $129.8M | ||
| Q2 25 | $870.5M | $145.2M | ||
| Q1 25 | $1.2B | $150.6M | ||
| Q4 24 | $1.4B | $164.4M | ||
| Q3 24 | $723.5M | $117.5M | ||
| Q2 24 | $722.4M | $136.4M |
总债务MATRRR
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $3.4B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $3.4B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATRRR
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $208.3M | ||
| Q3 25 | $2.3B | $219.6M | ||
| Q2 25 | $2.2B | $203.4M | ||
| Q1 25 | $2.1B | $247.1M | ||
| Q4 24 | $2.3B | $215.1M | ||
| Q3 24 | $2.3B | $175.5M | ||
| Q2 24 | $2.0B | $159.0M |
总资产MATRRR
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $4.2B | ||
| Q3 25 | $6.6B | $4.1B | ||
| Q2 25 | $6.2B | $4.0B | ||
| Q1 25 | $6.2B | $4.1B | ||
| Q4 24 | $6.5B | $4.0B | ||
| Q3 24 | $6.5B | $4.0B | ||
| Q2 24 | $5.9B | $4.0B |
负债/权益比MATRRR
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 16.30× | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | 15.84× | ||
| 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 | — | — |
| 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MATRRR
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $156.6M | ||
| Q3 25 | $72.0M | $168.3M | ||
| Q2 25 | $-300.1M | $158.4M | ||
| Q1 25 | $24.8M | $126.2M | ||
| Q4 24 | $862.1M | $148.2M | ||
| Q3 24 | $155.8M | $131.0M | ||
| Q2 24 | $-252.9M | $142.5M |
自由现金流MATRRR
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $77.7M | ||
| Q3 25 | — | $74.6M | ||
| Q2 25 | — | $80.3M | ||
| Q1 25 | — | $58.0M | ||
| Q4 24 | — | $121.4M | ||
| Q3 24 | — | $50.7M | ||
| Q2 24 | — | $64.0M |
自由现金流率MATRRR
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 15.2% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 13.1% |
资本支出强度MATRRR
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 19.7% | ||
| Q2 25 | — | 14.9% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 17.2% | ||
| Q2 24 | — | 16.2% |
现金转化率MATRRR
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 3.51× | ||
| Q3 25 | 0.26× | 3.98× | ||
| Q2 25 | -5.62× | 2.81× | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | 6.12× | 3.18× | ||
| Q3 24 | 0.42× | 4.53× | ||
| Q2 24 | -4.45× | 4.00× |
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
RRR
| Casino | $340.5M | 67% |
| Food and beverage | $90.3M | 18% |
| Room | $45.5M | 9% |
| Other | $26.2M | 5% |
| Native American management and development fees | $4.7M | 1% |
