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美泰（MAT）与Sally Beauty Holdings, Inc.（SBH）财务数据对比。点击上方公司名可切换其他公司
Sally Beauty Holdings, Inc.的季度营收约是美泰的1.1倍（$943.2M vs $862.2M），美泰净利率更高（7.1% vs 4.8%，领先2.2%），美泰同比增速更快（4.3% vs 0.6%），Sally Beauty Holdings, Inc.自由现金流更多（$57.5M vs $-88.1M），过去两年Sally Beauty Holdings, Inc.的营收复合增速更高（1.9% 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。
莎莉美容控股是美国的跨国专业美妆用品零售及分销商，主营专业级美容相关产品供应，年营收超39亿美元，业务覆盖全球多个市场，在专业美容供应链领域拥有较高的行业知名度。
MAT vs SBH — 直观对比
营收规模更大
SBH
是对方的1.1倍
$862.2M
营收增速更快
MAT
高出3.7%
0.6%
净利率更高
MAT
高出2.2%
4.8%
自由现金流更多
SBH
多$145.6M
$-88.1M
两年增速更快
SBH
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $943.2M |
| 净利润 | $61.0M | $45.6M |
| 毛利率 | 44.9% | 51.2% |
| 营业利润率 | — | 8.1% |
| 净利率 | 7.1% | 4.8% |
| 营收同比 | 4.3% | 0.6% |
| 净利润同比 | 251.4% | -25.3% |
| 每股收益（稀释后） | $0.20 | $0.45 |
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MATSBH
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $943.2M | ||
| Q3 25 | $1.7B | $947.1M | ||
| Q2 25 | $1.0B | $933.3M | ||
| Q1 25 | $826.6M | $883.1M | ||
| Q4 24 | $1.6B | $937.9M | ||
| Q3 24 | $1.8B | $935.0M | ||
| Q2 24 | $1.1B | $942.3M |
净利润MATSBH
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $45.6M | ||
| Q3 25 | $278.4M | $49.9M | ||
| Q2 25 | $53.4M | $45.7M | ||
| Q1 25 | $-40.3M | $39.2M | ||
| Q4 24 | $140.9M | $61.0M | ||
| Q3 24 | $372.4M | $48.1M | ||
| Q2 24 | $56.9M | $37.7M |
毛利率MATSBH
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 51.2% | ||
| Q3 25 | 50.0% | 52.2% | ||
| Q2 25 | 50.9% | 51.5% | ||
| Q1 25 | 49.4% | 52.0% | ||
| Q4 24 | 50.7% | 50.8% | ||
| Q3 24 | 53.1% | 51.2% | ||
| Q2 24 | 49.2% | 51.0% |
营业利润率MATSBH
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 8.1% | ||
| Q3 25 | 21.9% | 8.4% | ||
| Q2 25 | 7.7% | 8.4% | ||
| Q1 25 | -6.4% | 7.9% | ||
| Q4 24 | 9.6% | 10.7% | ||
| Q3 24 | 26.5% | 8.8% | ||
| Q2 24 | 7.7% | 7.6% |
净利率MATSBH
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 4.8% | ||
| Q3 25 | 16.0% | 5.3% | ||
| Q2 25 | 5.2% | 4.9% | ||
| Q1 25 | -4.9% | 4.4% | ||
| Q4 24 | 8.6% | 6.5% | ||
| Q3 24 | 20.2% | 5.1% | ||
| Q2 24 | 5.3% | 4.0% |
每股收益（稀释后）MATSBH
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $0.45 | ||
| Q3 25 | $0.88 | $0.49 | ||
| Q2 25 | $0.16 | $0.44 | ||
| Q1 25 | $-0.12 | $0.38 | ||
| Q4 24 | $0.40 | $0.58 | ||
| Q3 24 | $1.09 | $0.45 | ||
| Q2 24 | $0.17 | $0.36 |
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 | $157.2M |
| 总债务越低越好 | $2.3B | $842.5M |
| 股东权益账面价值 | $2.1B | $823.6M |
| 总资产 | $6.3B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.11× | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资MATSBH
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $157.2M | ||
| Q3 25 | $691.9M | $149.2M | ||
| Q2 25 | $870.5M | $112.8M | ||
| Q1 25 | $1.2B | $92.2M | ||
| Q4 24 | $1.4B | $105.5M | ||
| Q3 24 | $723.5M | $108.0M | ||
| Q2 24 | $722.4M | $97.4M |
总债务MATSBH
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $842.5M | ||
| Q3 25 | $2.3B | $862.0M | ||
| Q2 25 | $2.3B | $882.4M | ||
| Q1 25 | $2.3B | $902.8M | ||
| Q4 24 | $2.3B | $938.1M | ||
| Q3 24 | $2.3B | $978.3M | ||
| Q2 24 | $2.3B | $978.9M |
股东权益MATSBH
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $823.6M | ||
| Q3 25 | $2.3B | $794.2M | ||
| Q2 25 | $2.2B | $762.9M | ||
| Q1 25 | $2.1B | $699.8M | ||
| Q4 24 | $2.3B | $656.5M | ||
| Q3 24 | $2.3B | $628.5M | ||
| Q2 24 | $2.0B | $577.7M |
总资产MATSBH
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $2.9B | ||
| Q3 25 | $6.6B | $2.9B | ||
| Q2 25 | $6.2B | $2.7B | ||
| Q1 25 | $6.2B | $2.7B | ||
| Q4 24 | $6.5B | $2.7B | ||
| Q3 24 | $6.5B | $2.8B | ||
| Q2 24 | $5.9B | $2.7B |
负债/权益比MATSBH
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 1.02× | ||
| Q3 25 | 1.03× | 1.09× | ||
| Q2 25 | 1.08× | 1.16× | ||
| Q1 25 | 1.10× | 1.29× | ||
| Q4 24 | 1.03× | 1.43× | ||
| Q3 24 | 1.01× | 1.56× | ||
| Q2 24 | 1.18× | 1.69× |
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 | — | $93.2M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $57.5M |
| 自由现金流率自由现金流/营收 | -10.2% | 6.1% |
| 资本支出强度资本支出/营收 | 7.6% | 3.8% |
| 现金转化率经营现金流/净利润 | — | 2.05× |
| 过去12个月自由现金流最近4个季度 | — | $216.8M |
8季度趋势，按日历期对齐
经营现金流MATSBH
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $93.2M | ||
| Q3 25 | $72.0M | $120.9M | ||
| Q2 25 | $-300.1M | $69.4M | ||
| Q1 25 | $24.8M | $51.1M | ||
| Q4 24 | $862.1M | $33.5M | ||
| Q3 24 | $155.8M | $110.7M | ||
| Q2 24 | $-252.9M | $47.9M |
自由现金流MATSBH
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $57.5M | ||
| Q3 25 | — | $78.0M | ||
| Q2 25 | — | $49.1M | ||
| Q1 25 | — | $32.2M | ||
| Q4 24 | — | $13.4M | ||
| Q3 24 | — | $73.3M | ||
| Q2 24 | — | $28.7M |
自由现金流率MATSBH
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 3.1% |
资本支出强度MATSBH
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 2.0% |
现金转化率MATSBH
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 2.05× | ||
| Q3 25 | 0.26× | 2.42× | ||
| Q2 25 | -5.62× | 1.52× | ||
| Q1 25 | — | 1.30× | ||
| Q4 24 | 6.12× | 0.55× | ||
| Q3 24 | 0.42× | 2.30× | ||
| Q2 24 | -4.45× | 1.27× |
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
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
