vs
美泰（MAT）与SEABOARD CORP（SEB）财务数据对比。点击上方公司名可切换其他公司
SEABOARD CORP的季度营收约是美泰的2.8倍（$2.4B vs $862.2M），SEABOARD CORP净利率更高（10.6% vs 7.1%，领先3.5%），美泰同比增速更快（4.3% vs -2.9%），SEABOARD CORP自由现金流更多（$53.0M vs $-88.1M），过去两年SEABOARD CORP的营收复合增速更高（4.9% 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。
Seaboard Corporation是一家多元化跨国农业综合及运输集团，业务覆盖多个垂直整合领域。美国本土核心业务包括生猪养殖加工与远洋运输，海外板块主营大宗商品贸易、谷物加工、食糖生产及发电，总部位于堪萨斯州梅里亚姆。
MAT vs SEB — 直观对比
营收规模更大
SEB
是对方的2.8倍
$862.2M
营收增速更快
MAT
高出7.2%
-2.9%
净利率更高
SEB
高出3.5%
7.1%
自由现金流更多
SEB
多$141.1M
$-88.1M
两年增速更快
SEB
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $2.4B |
| 净利润 | $61.0M | $255.0M |
| 毛利率 | 44.9% | 7.9% |
| 营业利润率 | — | 2.7% |
| 净利率 | 7.1% | 10.6% |
| 营收同比 | 4.3% | -2.9% |
| 净利润同比 | 251.4% | 63.5% |
| 每股收益（稀释后） | $0.20 | $262.58 |
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MATSEB
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $2.4B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $1.0B | $2.5B | ||
| Q1 25 | $826.6M | $2.3B | ||
| Q4 24 | $1.6B | $2.5B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.1B | $2.2B |
净利润MATSEB
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $255.0M | ||
| Q3 25 | $278.4M | $110.0M | ||
| Q2 25 | $53.4M | $104.0M | ||
| Q1 25 | $-40.3M | $32.0M | ||
| Q4 24 | $140.9M | $156.0M | ||
| Q3 24 | $372.4M | $-149.0M | ||
| Q2 24 | $56.9M | $61.0M |
毛利率MATSEB
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 7.9% | ||
| Q3 25 | 50.0% | 7.8% | ||
| Q2 25 | 50.9% | 6.5% | ||
| Q1 25 | 49.4% | 6.1% | ||
| Q4 24 | 50.7% | 9.0% | ||
| Q3 24 | 53.1% | 6.2% | ||
| Q2 24 | 49.2% | 5.8% |
营业利润率MATSEB
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 2.7% | ||
| Q3 25 | 21.9% | 3.3% | ||
| Q2 25 | 7.7% | 2.1% | ||
| Q1 25 | -6.4% | 1.6% | ||
| Q4 24 | 9.6% | 4.6% | ||
| Q3 24 | 26.5% | 1.4% | ||
| Q2 24 | 7.7% | 1.4% |
净利率MATSEB
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 10.6% | ||
| Q3 25 | 16.0% | 4.3% | ||
| Q2 25 | 5.2% | 4.2% | ||
| Q1 25 | -4.9% | 1.4% | ||
| Q4 24 | 8.6% | 6.3% | ||
| Q3 24 | 20.2% | -6.7% | ||
| Q2 24 | 5.3% | 2.8% |
每股收益（稀释后）MATSEB
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $262.58 | ||
| Q3 25 | $0.88 | $113.71 | ||
| Q2 25 | $0.16 | $105.22 | ||
| Q1 25 | $-0.12 | $32.95 | ||
| Q4 24 | $0.40 | $158.58 | ||
| Q3 24 | $1.09 | $-153.44 | ||
| Q2 24 | $0.17 | $62.82 |
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 | $1.2B |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $5.2B |
| 总资产 | $6.3B | $8.2B |
| 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MATSEB
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $691.9M | $1.2B | ||
| Q2 25 | $870.5M | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $723.5M | $1.2B | ||
| Q2 24 | $722.4M | $1.2B |
总债务MATSEB
| Q1 26 | $2.3B | — | ||
| 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 | — |
股东权益MATSEB
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $5.2B | ||
| Q3 25 | $2.3B | $5.0B | ||
| Q2 25 | $2.2B | $4.8B | ||
| Q1 25 | $2.1B | $4.7B | ||
| Q4 24 | $2.3B | $4.7B | ||
| Q3 24 | $2.3B | $4.5B | ||
| Q2 24 | $2.0B | $4.7B |
总资产MATSEB
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $8.2B | ||
| Q3 25 | $6.6B | $8.0B | ||
| Q2 25 | $6.2B | $7.9B | ||
| Q1 25 | $6.2B | $7.6B | ||
| Q4 24 | $6.5B | $7.7B | ||
| Q3 24 | $6.5B | $7.5B | ||
| Q2 24 | $5.9B | $7.7B |
负债/权益比MATSEB
| Q1 26 | 1.11× | — | ||
| 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× | — |
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 | — | $188.0M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $53.0M |
| 自由现金流率自由现金流/营收 | -10.2% | 2.2% |
| 资本支出强度资本支出/营收 | 7.6% | 5.6% |
| 现金转化率经营现金流/净利润 | — | 0.74× |
| 过去12个月自由现金流最近4个季度 | — | $6.0M |
8季度趋势，按日历期对齐
经营现金流MATSEB
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $188.0M | ||
| Q3 25 | $72.0M | $319.0M | ||
| Q2 25 | $-300.1M | $81.0M | ||
| Q1 25 | $24.8M | $-20.0M | ||
| Q4 24 | $862.1M | $300.0M | ||
| Q3 24 | $155.8M | $194.0M | ||
| Q2 24 | $-252.9M | $6.0M |
自由现金流MATSEB
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $53.0M | ||
| Q3 25 | — | $152.0M | ||
| Q2 25 | — | $-70.0M | ||
| Q1 25 | — | $-129.0M | ||
| Q4 24 | — | $162.0M | ||
| Q3 24 | — | $58.0M | ||
| Q2 24 | — | $-127.0M |
自由现金流率MATSEB
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | -2.8% | ||
| Q1 25 | — | -5.6% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | -5.7% |
资本支出强度MATSEB
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 6.0% |
现金转化率MATSEB
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 0.74× | ||
| Q3 25 | 0.26× | 2.90× | ||
| Q2 25 | -5.62× | 0.78× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | 6.12× | 1.92× | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | -4.45× | 0.10× |
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
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
