vs
美泰（MAT）与STEVEN MADDEN, LTD.（SHOO）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STEVEN MADDEN, LTD.的1.1倍（$862.2M vs $749.8M），美泰净利率更高（7.1% vs 3.3%，领先3.8%），STEVEN MADDEN, LTD.同比增速更快（29.5% vs 4.3%），STEVEN MADDEN, LTD.自由现金流更多（$80.8M vs $-88.1M），过去两年STEVEN MADDEN, LTD.的营收复合增速更高（16.7% 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。
Steven Madden, Ltd.是一家上市时尚企业，专注于鞋履及潮流配饰的设计与营销，总部位于纽约长岛市。旗下拥有Dolce Vita、Betsey Johnson、Blondo、BB Dakota、Mad Love等品牌，同时获得Anne Klein、Superga等品牌的授权开展相关业务。
MAT vs SHOO — 直观对比
营收规模更大
MAT
是对方的1.1倍
$749.8M
营收增速更快
SHOO
高出25.2%
4.3%
净利率更高
MAT
高出3.8%
3.3%
自由现金流更多
SHOO
多$168.9M
$-88.1M
两年增速更快
SHOO
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $749.8M |
| 净利润 | $61.0M | $24.7M |
| 毛利率 | 44.9% | 42.6% |
| 营业利润率 | — | 4.8% |
| 净利率 | 7.1% | 3.3% |
| 营收同比 | 4.3% | 29.5% |
| 净利润同比 | 251.4% | -34.8% |
| 每股收益（稀释后） | $0.20 | $0.33 |
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MATSHOO
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $749.8M | ||
| Q3 25 | $1.7B | $664.2M | ||
| Q2 25 | $1.0B | $556.1M | ||
| Q1 25 | $826.6M | $551.4M | ||
| Q4 24 | $1.6B | $578.8M | ||
| Q3 24 | $1.8B | $621.2M | ||
| Q2 24 | $1.1B | $521.7M |
净利润MATSHOO
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $24.7M | ||
| Q3 25 | $278.4M | $20.5M | ||
| Q2 25 | $53.4M | $-38.7M | ||
| Q1 25 | $-40.3M | $41.3M | ||
| Q4 24 | $140.9M | $37.8M | ||
| Q3 24 | $372.4M | $55.3M | ||
| Q2 24 | $56.9M | $36.9M |
毛利率MATSHOO
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 42.6% | ||
| Q3 25 | 50.0% | 41.8% | ||
| Q2 25 | 50.9% | 40.6% | ||
| Q1 25 | 49.4% | 41.0% | ||
| Q4 24 | 50.7% | 40.7% | ||
| Q3 24 | 53.1% | 41.8% | ||
| Q2 24 | 49.2% | 41.6% |
营业利润率MATSHOO
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 4.8% | ||
| Q3 25 | 21.9% | 4.7% | ||
| Q2 25 | 7.7% | -7.2% | ||
| Q1 25 | -6.4% | 9.7% | ||
| Q4 24 | 9.6% | 8.1% | ||
| Q3 24 | 26.5% | 12.0% | ||
| Q2 24 | 7.7% | 9.0% |
净利率MATSHOO
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 3.3% | ||
| Q3 25 | 16.0% | 3.1% | ||
| Q2 25 | 5.2% | -7.0% | ||
| Q1 25 | -4.9% | 7.5% | ||
| Q4 24 | 8.6% | 6.5% | ||
| Q3 24 | 20.2% | 8.9% | ||
| Q2 24 | 5.3% | 7.1% |
每股收益（稀释后）MATSHOO
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $0.33 | ||
| Q3 25 | $0.88 | $0.29 | ||
| Q2 25 | $0.16 | $-0.56 | ||
| Q1 25 | $-0.12 | $0.57 | ||
| Q4 24 | $0.40 | $0.49 | ||
| Q3 24 | $1.09 | $0.77 | ||
| Q2 24 | $0.17 | $0.49 |
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 | $112.4M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $866.4M |
| 总资产 | $6.3B | $1.9B |
| 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MATSHOO
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $112.4M | ||
| Q3 25 | $691.9M | $140.0K | ||
| Q2 25 | $870.5M | $111.9M | ||
| Q1 25 | $1.2B | $147.2M | ||
| Q4 24 | $1.4B | $203.4M | ||
| Q3 24 | $723.5M | $11.1M | ||
| Q2 24 | $722.4M | $192.2M |
总债务MATSHOO
| 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MATSHOO
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $866.4M | ||
| Q3 25 | $2.3B | $850.8M | ||
| Q2 25 | $2.2B | $833.2M | ||
| Q1 25 | $2.1B | $875.3M | ||
| Q4 24 | $2.3B | $847.7M | ||
| Q3 24 | $2.3B | $833.9M | ||
| Q2 24 | $2.0B | $808.3M |
总资产MATSHOO
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $1.9B | ||
| Q3 25 | $6.6B | $2.0B | ||
| Q2 25 | $6.2B | $1.9B | ||
| Q1 25 | $6.2B | $1.4B | ||
| Q4 24 | $6.5B | $1.4B | ||
| Q3 24 | $6.5B | $1.5B | ||
| Q2 24 | $5.9B | $1.4B |
负债/权益比MATSHOO
| 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 | — | $91.1M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $80.8M |
| 自由现金流率自由现金流/营收 | -10.2% | 10.8% |
| 资本支出强度资本支出/营收 | 7.6% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 3.70× |
| 过去12个月自由现金流最近4个季度 | — | $119.5M |
8季度趋势，按日历期对齐
经营现金流MATSHOO
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $91.1M | ||
| Q3 25 | $72.0M | $23.4M | ||
| Q2 25 | $-300.1M | $66.5M | ||
| Q1 25 | $24.8M | $-18.8M | ||
| Q4 24 | $862.1M | $103.9M | ||
| Q3 24 | $155.8M | $444.0K | ||
| Q2 24 | $-252.9M | $109.5M |
自由现金流MATSHOO
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $80.8M | ||
| Q3 25 | — | $8.6M | ||
| Q2 25 | — | $58.8M | ||
| Q1 25 | — | $-28.7M | ||
| Q4 24 | — | $94.6M | ||
| Q3 24 | — | $-6.9M | ||
| Q2 24 | — | $104.2M |
自由现金流率MATSHOO
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | -5.2% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | -1.1% | ||
| Q2 24 | — | 20.0% |
资本支出强度MATSHOO
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.0% |
现金转化率MATSHOO
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 3.70× | ||
| Q3 25 | 0.26× | 1.14× | ||
| Q2 25 | -5.62× | — | ||
| Q1 25 | — | -0.46× | ||
| Q4 24 | 6.12× | 2.75× | ||
| Q3 24 | 0.42× | 0.01× | ||
| Q2 24 | -4.45× | 2.96× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
