vs
美泰（MAT）与Sinclair, Inc.（SBGI）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Sinclair, Inc.的1.1倍（$862.2M vs $807.0M），美泰净利率更高（7.1% vs 2.5%，领先4.6%），美泰同比增速更快（4.3% vs 4.0%），过去两年Sinclair, Inc.的营收复合增速更高（-1.3% 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。
辛克莱公司（以辛克莱广播集团开展业务）是一家上市的美国电信综合企业，由创始人朱利安·辛克莱·史密斯的后代控股。公司总部位于马里兰州巴尔的摩郊县科基斯维尔，按电视台数量计算是美国第二大电视台运营商，仅次于奈克斯达媒体集团，在全国100多个市场拥有或运营193家电视台，覆盖美国40%的区域。
MAT vs SBGI — 直观对比
营收规模更大
MAT
是对方的1.1倍
$807.0M
营收增速更快
MAT
高出0.3%
4.0%
净利率更高
MAT
高出4.6%
2.5%
两年增速更快
SBGI
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $807.0M |
| 净利润 | $61.0M | $20.0M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | 0.0% |
| 净利率 | 7.1% | 2.5% |
| 营收同比 | 4.3% | 4.0% |
| 净利润同比 | 251.4% | — |
| 每股收益（稀释后） | $0.20 | $0.28 |
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MATSBGI
| Q1 26 | $862.2M | $807.0M | ||
| Q4 25 | $1.8B | $836.0M | ||
| Q3 25 | $1.7B | $773.0M | ||
| Q2 25 | $1.0B | $784.0M | ||
| Q1 25 | $826.6M | $776.0M | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.8B | $917.0M | ||
| Q2 24 | $1.1B | $829.0M |
净利润MATSBGI
| Q1 26 | $61.0M | $20.0M | ||
| Q4 25 | $106.2M | $109.0M | ||
| Q3 25 | $278.4M | $-1.0M | ||
| Q2 25 | $53.4M | $-64.0M | ||
| Q1 25 | $-40.3M | $-156.0M | ||
| Q4 24 | $140.9M | $176.0M | ||
| Q3 24 | $372.4M | $94.0M | ||
| Q2 24 | $56.9M | $17.0M |
毛利率MATSBGI
| 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MATSBGI
| Q1 26 | — | 0.0% | ||
| Q4 25 | 8.0% | 9.6% | ||
| Q3 25 | 21.9% | 7.5% | ||
| Q2 25 | 7.7% | 2.7% | ||
| Q1 25 | -6.4% | 1.8% | ||
| Q4 24 | 9.6% | 26.5% | ||
| Q3 24 | 26.5% | 19.5% | ||
| Q2 24 | 7.7% | 7.7% |
净利率MATSBGI
| Q1 26 | 7.1% | 2.5% | ||
| Q4 25 | 6.0% | 13.0% | ||
| Q3 25 | 16.0% | -0.1% | ||
| Q2 25 | 5.2% | -8.2% | ||
| Q1 25 | -4.9% | -20.1% | ||
| Q4 24 | 8.6% | 17.5% | ||
| Q3 24 | 20.2% | 10.3% | ||
| Q2 24 | 5.3% | 2.1% |
每股收益（稀释后）MATSBGI
| Q1 26 | $0.20 | $0.28 | ||
| Q4 25 | $0.32 | $1.62 | ||
| Q3 25 | $0.88 | $-0.02 | ||
| Q2 25 | $0.16 | $-0.91 | ||
| Q1 25 | $-0.12 | $-2.30 | ||
| Q4 24 | $0.40 | $2.64 | ||
| Q3 24 | $1.09 | $1.43 | ||
| Q2 24 | $0.17 | $0.27 |
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MATSBGI
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $866.0M | ||
| Q3 25 | $691.9M | $526.0M | ||
| Q2 25 | $870.5M | $616.0M | ||
| Q1 25 | $1.2B | $631.0M | ||
| Q4 24 | $1.4B | $697.0M | ||
| Q3 24 | $723.5M | $536.0M | ||
| Q2 24 | $722.4M | $378.0M |
总债务MATSBGI
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $4.4B | ||
| Q3 25 | $2.3B | $4.1B | ||
| Q2 25 | $2.3B | $4.1B | ||
| Q1 25 | $2.3B | $4.2B | ||
| Q4 24 | $2.3B | $4.1B | ||
| Q3 24 | $2.3B | $4.1B | ||
| Q2 24 | $2.3B | $4.1B |
股东权益MATSBGI
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $443.0M | ||
| Q3 25 | $2.3B | $347.0M | ||
| Q2 25 | $2.2B | $361.0M | ||
| Q1 25 | $2.1B | $436.0M | ||
| Q4 24 | $2.3B | $583.0M | ||
| Q3 24 | $2.3B | $415.0M | ||
| Q2 24 | $2.0B | $340.0M |
总资产MATSBGI
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $5.9B | ||
| Q3 25 | $6.6B | $5.6B | ||
| Q2 25 | $6.2B | $5.7B | ||
| Q1 25 | $6.2B | $5.8B | ||
| Q4 24 | $6.5B | $5.9B | ||
| Q3 24 | $6.5B | $5.8B | ||
| Q2 24 | $5.9B | $5.7B |
负债/权益比MATSBGI
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 9.84× | ||
| Q3 25 | 1.03× | 11.75× | ||
| Q2 25 | 1.08× | 11.30× | ||
| Q1 25 | 1.10× | 9.56× | ||
| Q4 24 | 1.03× | 7.02× | ||
| Q3 24 | 1.01× | 9.86× | ||
| Q2 24 | 1.18× | 12.08× |
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% | 1.7% |
| 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MATSBGI
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $98.0M | ||
| Q3 25 | $72.0M | $-36.0M | ||
| Q2 25 | $-300.1M | $122.0M | ||
| Q1 25 | $24.8M | $5.0M | ||
| Q4 24 | $862.1M | $198.0M | ||
| Q3 24 | $155.8M | $210.0M | ||
| Q2 24 | $-252.9M | $-306.0M |
自由现金流MATSBGI
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $79.0M | ||
| Q3 25 | — | $-58.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $-11.0M | ||
| Q4 24 | — | $175.0M | ||
| Q3 24 | — | $193.0M | ||
| Q2 24 | — | $-329.0M |
自由现金流率MATSBGI
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | -7.5% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | -1.4% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | -39.7% |
资本支出强度MATSBGI
| Q1 26 | 7.6% | 1.7% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.8% |
现金转化率MATSBGI
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 0.90× | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | -5.62× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | 1.13× | ||
| Q3 24 | 0.42× | 2.23× | ||
| Q2 24 | -4.45× | -18.00× |
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
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
