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美泰（MAT）与RELIANCE, INC.（RS）财务数据对比。点击上方公司名可切换其他公司
RELIANCE, INC.的季度营收约是美泰的2.0倍（$3.5B vs $1.8B），美泰净利率更高（6.0% vs 3.3%，领先2.7%），RELIANCE, INC.同比增速更快（11.9% vs 7.3%），过去两年美泰的营收复合增速更高（47.7% vs -2.0%）
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。
Reliance, Inc.总部位于美国亚利桑那州斯科茨代尔，是北美规模最大的金属服务中心运营商。公司为12.5万家制造商、加工厂等客户提供金属加工服务，经销铝、黄铜、合金、铜、碳钢、不锈钢、钛等约10万种金属及特种金属产品。
MAT vs RS — 直观对比
营收规模更大
RS
是对方的2.0倍
$1.8B
营收增速更快
RS
高出4.6%
7.3%
净利率更高
MAT
高出2.7%
3.3%
两年增速更快
MAT
近两年复合增速
-2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $3.5B |
| 净利润 | $106.2M | $116.9M |
| 毛利率 | 45.9% | — |
| 营业利润率 | 8.0% | 4.8% |
| 净利率 | 6.0% | 3.3% |
| 营收同比 | 7.3% | 11.9% |
| 净利润同比 | -24.6% | 10.3% |
| 每股收益（稀释后） | $0.32 | $2.23 |
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MATRS
| Q4 25 | $1.8B | $3.5B | ||
| Q3 25 | $1.7B | $3.7B | ||
| Q2 25 | $1.0B | $3.7B | ||
| Q1 25 | $826.6M | $3.5B | ||
| Q4 24 | $1.6B | $3.1B | ||
| Q3 24 | $1.8B | $3.4B | ||
| Q2 24 | $1.1B | $3.6B | ||
| Q1 24 | $809.5M | $3.6B |
净利润MATRS
| Q4 25 | $106.2M | $116.9M | ||
| Q3 25 | $278.4M | $189.5M | ||
| Q2 25 | $53.4M | $234.2M | ||
| Q1 25 | $-40.3M | $200.5M | ||
| Q4 24 | $140.9M | $106.0M | ||
| Q3 24 | $372.4M | $199.2M | ||
| Q2 24 | $56.9M | $268.3M | ||
| Q1 24 | $-28.3M | $303.8M |
毛利率MATRS
| 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% | — | ||
| Q1 24 | 48.0% | — |
营业利润率MATRS
| Q4 25 | 8.0% | 4.8% | ||
| Q3 25 | 21.9% | 7.1% | ||
| Q2 25 | 7.7% | 8.5% | ||
| Q1 25 | -6.4% | 7.9% | ||
| Q4 24 | 9.6% | 4.5% | ||
| Q3 24 | 26.5% | 8.0% | ||
| Q2 24 | 7.7% | 9.7% | ||
| Q1 24 | -4.4% | 10.8% |
净利率MATRS
| Q4 25 | 6.0% | 3.3% | ||
| Q3 25 | 16.0% | 5.2% | ||
| Q2 25 | 5.2% | 6.4% | ||
| Q1 25 | -4.9% | 5.8% | ||
| Q4 24 | 8.6% | 3.4% | ||
| Q3 24 | 20.2% | 5.8% | ||
| Q2 24 | 5.3% | 7.4% | ||
| Q1 24 | -3.5% | 8.3% |
每股收益（稀释后）MATRS
| Q4 25 | $0.32 | $2.23 | ||
| Q3 25 | $0.88 | $3.59 | ||
| Q2 25 | $0.16 | $4.42 | ||
| Q1 25 | $-0.12 | $3.74 | ||
| Q4 24 | $0.40 | $2.05 | ||
| Q3 24 | $1.09 | $3.61 | ||
| Q2 24 | $0.17 | $4.67 | ||
| Q1 24 | $-0.08 | $5.23 |
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 | $216.6M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.2B | $7.2B |
| 总资产 | $6.6B | $10.4B |
| 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MATRS
| Q4 25 | $1.2B | $216.6M | ||
| Q3 25 | $691.9M | $261.2M | ||
| Q2 25 | $870.5M | $239.5M | ||
| Q1 25 | $1.2B | $277.8M | ||
| Q4 24 | $1.4B | $318.1M | ||
| Q3 24 | $723.5M | $314.6M | ||
| Q2 24 | $722.4M | $350.8M | ||
| Q1 24 | $1.1B | $934.9M |
总债务MATRS
| 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MATRS
| Q4 25 | $2.2B | $7.2B | ||
| Q3 25 | $2.3B | $7.3B | ||
| Q2 25 | $2.2B | $7.2B | ||
| Q1 25 | $2.1B | $7.1B | ||
| Q4 24 | $2.3B | $7.2B | ||
| Q3 24 | $2.3B | $7.4B | ||
| Q2 24 | $2.0B | $7.6B | ||
| Q1 24 | $2.0B | $7.9B |
总资产MATRS
| Q4 25 | $6.6B | $10.4B | ||
| Q3 25 | $6.6B | $10.5B | ||
| Q2 25 | $6.2B | $10.5B | ||
| Q1 25 | $6.2B | $10.4B | ||
| Q4 24 | $6.5B | $10.0B | ||
| Q3 24 | $6.5B | $10.3B | ||
| Q2 24 | $5.9B | $10.4B | ||
| Q1 24 | $6.1B | $10.7B |
负债/权益比MATRS
| 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 | $276.1M |
| 自由现金流经营现金流 - 资本支出 | — | $202.9M |
| 自由现金流率自由现金流/营收 | — | 5.8% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | 7.50× | 2.36× |
| 过去12个月自由现金流最近4个季度 | — | $502.5M |
8季度趋势，按日历期对齐
经营现金流MATRS
| Q4 25 | $796.6M | $276.1M | ||
| Q3 25 | $72.0M | $261.8M | ||
| Q2 25 | $-300.1M | $229.0M | ||
| Q1 25 | $24.8M | $64.5M | ||
| Q4 24 | $862.1M | $473.3M | ||
| Q3 24 | $155.8M | $463.9M | ||
| Q2 24 | $-252.9M | $366.3M | ||
| Q1 24 | $35.5M | $126.3M |
自由现金流MATRS
| Q4 25 | — | $202.9M | ||
| Q3 25 | — | $180.6M | ||
| Q2 25 | — | $141.4M | ||
| Q1 25 | — | $-22.4M | ||
| Q4 24 | — | $362.4M | ||
| Q3 24 | — | $351.1M | ||
| Q2 24 | — | $268.1M | ||
| Q1 24 | — | $17.6M |
自由现金流率MATRS
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -0.6% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 0.5% |
资本支出强度MATRS
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 3.0% |
现金转化率MATRS
| Q4 25 | 7.50× | 2.36× | ||
| Q3 25 | 0.26× | 1.38× | ||
| Q2 25 | -5.62× | 0.98× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | 6.12× | 4.47× | ||
| Q3 24 | 0.42× | 2.33× | ||
| Q2 24 | -4.45× | 1.37× | ||
| Q1 24 | — | 0.42× |
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% |
RS
| Carbon Steel | $1.9B | 55% |
| Aluminum | $624.5M | 18% |
| Stainless Steel | $467.1M | 13% |
| Alloy Steel | $155.5M | 4% |
| Toll Processing | $155.3M | 4% |
| Copper And Brass | $93.5M | 3% |
| Other Products Or Services | $80.4M | 2% |
