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美泰（MAT）与STEPAN CO（SCL）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STEPAN CO的1.4倍（$862.2M vs $604.5M），美泰净利率更高（7.1% vs 3.3%，领先3.8%），美泰同比增速更快（4.3% vs 1.9%），过去两年STEPAN CO的营收复合增速更高（4.2% 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。
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
MAT vs SCL — 直观对比
营收规模更大
MAT
是对方的1.4倍
$604.5M
营收增速更快
MAT
高出2.4%
1.9%
净利率更高
MAT
高出3.8%
3.3%
两年增速更快
SCL
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $604.5M |
| 净利润 | $61.0M | $19.7M |
| 毛利率 | 44.9% | 10.7% |
| 营业利润率 | — | 4.7% |
| 净利率 | 7.1% | 3.3% |
| 营收同比 | 4.3% | 1.9% |
| 净利润同比 | 251.4% | — |
| 每股收益（稀释后） | $0.20 | $0.86 |
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MATSCL
| Q1 26 | $862.2M | $604.5M | ||
| Q4 25 | $1.8B | $553.9M | ||
| Q3 25 | $1.7B | $590.3M | ||
| Q2 25 | $1.0B | $594.7M | ||
| Q1 25 | $826.6M | $593.3M | ||
| Q4 24 | $1.6B | $525.6M | ||
| Q3 24 | $1.8B | $546.8M | ||
| Q2 24 | $1.1B | $556.4M |
净利润MATSCL
| Q1 26 | $61.0M | $19.7M | ||
| Q4 25 | $106.2M | $5.0M | ||
| Q3 25 | $278.4M | $10.8M | ||
| Q2 25 | $53.4M | $11.3M | ||
| Q1 25 | $-40.3M | $19.7M | ||
| Q4 24 | $140.9M | $3.4M | ||
| Q3 24 | $372.4M | $23.6M | ||
| Q2 24 | $56.9M | $9.5M |
毛利率MATSCL
| Q1 26 | 44.9% | 10.7% | ||
| Q4 25 | 45.9% | 9.3% | ||
| Q3 25 | 50.0% | 12.0% | ||
| Q2 25 | 50.9% | 12.1% | ||
| Q1 25 | 49.4% | 12.7% | ||
| Q4 24 | 50.7% | 10.8% | ||
| Q3 24 | 53.1% | 13.8% | ||
| Q2 24 | 49.2% | 12.5% |
营业利润率MATSCL
| Q1 26 | — | 4.7% | ||
| Q4 25 | 8.0% | 1.9% | ||
| Q3 25 | 21.9% | 3.7% | ||
| Q2 25 | 7.7% | 3.0% | ||
| Q1 25 | -6.4% | 4.8% | ||
| Q4 24 | 9.6% | 1.5% | ||
| Q3 24 | 26.5% | 4.4% | ||
| Q2 24 | 7.7% | 3.4% |
净利率MATSCL
| Q1 26 | 7.1% | 3.3% | ||
| Q4 25 | 6.0% | 0.9% | ||
| Q3 25 | 16.0% | 1.8% | ||
| Q2 25 | 5.2% | 1.9% | ||
| Q1 25 | -4.9% | 3.3% | ||
| Q4 24 | 8.6% | 0.6% | ||
| Q3 24 | 20.2% | 4.3% | ||
| Q2 24 | 5.3% | 1.7% |
每股收益（稀释后）MATSCL
| Q1 26 | $0.20 | $0.86 | ||
| Q4 25 | $0.32 | $0.22 | ||
| Q3 25 | $0.88 | $0.47 | ||
| Q2 25 | $0.16 | $0.50 | ||
| Q1 25 | $-0.12 | $0.86 | ||
| Q4 24 | $0.40 | $0.14 | ||
| Q3 24 | $1.09 | $1.03 | ||
| Q2 24 | $0.17 | $0.42 |
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 | $328.4M |
| 股东权益账面价值 | $2.1B | $1.2B |
| 总资产 | $6.3B | $2.3B |
| 负债/权益比越低杠杆越低 | 1.11× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资MATSCL
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $132.7M | ||
| Q3 25 | $691.9M | $118.5M | ||
| Q2 25 | $870.5M | $88.9M | ||
| Q1 25 | $1.2B | $107.5M | ||
| Q4 24 | $1.4B | $99.7M | ||
| Q3 24 | $723.5M | $147.3M | ||
| Q2 24 | $722.4M | $124.7M |
总债务MATSCL
| Q1 26 | $2.3B | $328.4M | ||
| Q4 25 | $2.3B | $626.7M | ||
| Q3 25 | $2.3B | $655.5M | ||
| Q2 25 | $2.3B | $658.0M | ||
| Q1 25 | $2.3B | $659.3M | ||
| Q4 24 | $2.3B | $625.4M | ||
| Q3 24 | $2.3B | $688.5M | ||
| Q2 24 | $2.3B | $657.1M |
股东权益MATSCL
| Q1 26 | $2.1B | $1.2B | ||
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.0B | $1.2B |
总资产MATSCL
| Q1 26 | $6.3B | $2.3B | ||
| Q4 25 | $6.6B | $2.4B | ||
| Q3 25 | $6.6B | $2.4B | ||
| Q2 25 | $6.2B | $2.4B | ||
| Q1 25 | $6.2B | $2.4B | ||
| Q4 24 | $6.5B | $2.3B | ||
| Q3 24 | $6.5B | $2.4B | ||
| Q2 24 | $5.9B | $2.3B |
负债/权益比MATSCL
| Q1 26 | 1.11× | 0.28× | ||
| Q4 25 | 1.04× | 0.50× | ||
| Q3 25 | 1.03× | 0.53× | ||
| Q2 25 | 1.08× | 0.53× | ||
| Q1 25 | 1.10× | 0.55× | ||
| Q4 24 | 1.03× | 0.53× | ||
| Q3 24 | 1.01× | 0.56× | ||
| Q2 24 | 1.18× | 0.55× |
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MATSCL
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $60.0M | ||
| Q3 25 | $72.0M | $69.8M | ||
| Q2 25 | $-300.1M | $11.2M | ||
| Q1 25 | $24.8M | $6.9M | ||
| Q4 24 | $862.1M | $68.3M | ||
| Q3 24 | $155.8M | $22.7M | ||
| Q2 24 | $-252.9M | $29.5M |
自由现金流MATSCL
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $25.4M | ||
| Q3 25 | — | $40.2M | ||
| Q2 25 | — | $-14.4M | ||
| Q1 25 | — | $-25.8M | ||
| Q4 24 | — | $32.1M | ||
| Q3 24 | — | $-4.0M | ||
| Q2 24 | — | $-208.0K |
自由现金流率MATSCL
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | -2.4% | ||
| Q1 25 | — | -4.3% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | — | -0.0% |
资本支出强度MATSCL
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 6.3% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 5.3% |
现金转化率MATSCL
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 11.99× | ||
| Q3 25 | 0.26× | 6.44× | ||
| Q2 25 | -5.62× | 0.99× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | 6.12× | 20.38× | ||
| Q3 24 | 0.42× | 0.96× | ||
| Q2 24 | -4.45× | 3.10× |
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
SCL
| Surfactants | $453.7M | 75% |
| Polymers | $130.0M | 22% |
| Specialty Products | $20.8M | 3% |
