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美泰（MAT）与J.M. Smucker Company (The)（SJM）财务数据对比。点击上方公司名可切换其他公司
J.M. Smucker Company (The)的季度营收约是美泰的2.7倍（$2.3B vs $862.2M），J.M. Smucker Company (The)净利率更高（10.4% vs 7.1%，领先3.3%），美泰同比增速更快（4.3% vs 2.6%），J.M. Smucker Company (The)自由现金流更多（$280.2M vs $-88.1M），过去两年J.M. Smucker Company (The)的营收复合增速更高（2.2% 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。
J.M.斯马克公司是美国食品饮料生产企业，总部位于俄亥俄州奥维尔，1897年成立之初主营苹果酱生产，目前旗下设消费食品、宠物食品、咖啡三大业务板块，核心品牌Smucker's主打果酱、花生酱、糖浆、无皮冷冻三明治、冰淇淋顶料等产品。
MAT vs SJM — 直观对比
营收规模更大
SJM
是对方的2.7倍
$862.2M
营收增速更快
MAT
高出1.7%
2.6%
净利率更高
SJM
高出3.3%
7.1%
自由现金流更多
SJM
多$368.3M
$-88.1M
两年增速更快
SJM
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $2.3B |
| 净利润 | $61.0M | $241.3M |
| 毛利率 | 44.9% | 37.3% |
| 营业利润率 | — | 18.0% |
| 净利率 | 7.1% | 10.4% |
| 营收同比 | 4.3% | 2.6% |
| 净利润同比 | 251.4% | 1084.9% |
| 每股收益（稀释后） | $0.20 | $2.26 |
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MATSJM
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $826.6M | $2.2B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.1B | $2.2B |
净利润MATSJM
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $241.3M | ||
| Q3 25 | $278.4M | $-43.9M | ||
| Q2 25 | $53.4M | $-729.0M | ||
| Q1 25 | $-40.3M | $-662.3M | ||
| Q4 24 | $140.9M | $-24.5M | ||
| Q3 24 | $372.4M | $185.0M | ||
| Q2 24 | $56.9M | $245.1M |
毛利率MATSJM
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 37.3% | ||
| Q3 25 | 50.0% | 22.5% | ||
| Q2 25 | 50.9% | 38.4% | ||
| Q1 25 | 49.4% | 40.2% | ||
| Q4 24 | 50.7% | 39.0% | ||
| Q3 24 | 53.1% | 37.5% | ||
| Q2 24 | 49.2% | 41.4% |
营业利润率MATSJM
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 18.0% | ||
| Q3 25 | 21.9% | 2.2% | ||
| Q2 25 | 7.7% | -27.9% | ||
| Q1 25 | -6.4% | -27.2% | ||
| Q4 24 | 9.6% | 7.5% | ||
| Q3 24 | 26.5% | 16.4% | ||
| Q2 24 | 7.7% | 18.4% |
净利率MATSJM
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 10.4% | ||
| Q3 25 | 16.0% | -2.1% | ||
| Q2 25 | 5.2% | -34.0% | ||
| Q1 25 | -4.9% | -30.3% | ||
| Q4 24 | 8.6% | -1.1% | ||
| Q3 24 | 20.2% | 8.7% | ||
| Q2 24 | 5.3% | 11.1% |
每股收益（稀释后）MATSJM
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $2.26 | ||
| Q3 25 | $0.88 | $-0.41 | ||
| Q2 25 | $0.16 | $-6.86 | ||
| Q1 25 | $-0.12 | $-6.22 | ||
| Q4 24 | $0.40 | $-0.23 | ||
| Q3 24 | $1.09 | $1.74 | ||
| Q2 24 | $0.17 | $2.31 |
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 | $7.0B |
| 股东权益账面价值 | $2.1B | $6.1B |
| 总资产 | $6.3B | $17.6B |
| 负债/权益比越低杠杆越低 | 1.11× | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资MATSJM
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $691.9M | — | ||
| Q2 25 | $870.5M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $723.5M | — | ||
| Q2 24 | $722.4M | — |
总债务MATSJM
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $7.0B | ||
| Q3 25 | $2.3B | $7.0B | ||
| Q2 25 | $2.3B | $7.0B | ||
| Q1 25 | $2.3B | $7.4B | ||
| Q4 24 | $2.3B | $7.8B | ||
| Q3 24 | $2.3B | $7.8B | ||
| Q2 24 | $2.3B | $7.8B |
股东权益MATSJM
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $6.1B | ||
| Q3 25 | $2.3B | $5.9B | ||
| Q2 25 | $2.2B | $6.1B | ||
| Q1 25 | $2.1B | $6.9B | ||
| Q4 24 | $2.3B | $7.6B | ||
| Q3 24 | $2.3B | $7.8B | ||
| Q2 24 | $2.0B | $7.7B |
总资产MATSJM
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $17.6B | ||
| Q3 25 | $6.6B | $17.7B | ||
| Q2 25 | $6.2B | $17.6B | ||
| Q1 25 | $6.2B | $18.4B | ||
| Q4 24 | $6.5B | $20.0B | ||
| Q3 24 | $6.5B | $20.3B | ||
| Q2 24 | $5.9B | $20.3B |
负债/权益比MATSJM
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 1.16× | ||
| Q3 25 | 1.03× | 1.19× | ||
| Q2 25 | 1.08× | 1.16× | ||
| Q1 25 | 1.10× | 1.07× | ||
| Q4 24 | 1.03× | 1.02× | ||
| Q3 24 | 1.01× | 1.00× | ||
| Q2 24 | 1.18× | 1.01× |
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 | — | $346.5M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $280.2M |
| 自由现金流率自由现金流/营收 | -10.2% | 12.0% |
| 资本支出强度资本支出/营收 | 7.6% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 1.44× |
| 过去12个月自由现金流最近4个季度 | — | $635.5M |
8季度趋势，按日历期对齐
经营现金流MATSJM
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $346.5M | ||
| Q3 25 | $72.0M | $-10.6M | ||
| Q2 25 | $-300.1M | $393.9M | ||
| Q1 25 | $24.8M | $239.4M | ||
| Q4 24 | $862.1M | $404.2M | ||
| Q3 24 | $155.8M | $172.9M | ||
| Q2 24 | $-252.9M | $428.1M |
自由现金流MATSJM
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $280.2M | ||
| Q3 25 | — | $-94.9M | ||
| Q2 25 | — | $298.9M | ||
| Q1 25 | — | $151.3M | ||
| Q4 24 | — | $317.2M | ||
| Q3 24 | — | $49.2M | ||
| Q2 24 | — | $297.5M |
自由现金流率MATSJM
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | -4.5% | ||
| Q2 25 | — | 13.9% | ||
| Q1 25 | — | 6.9% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 13.5% |
资本支出强度MATSJM
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | 5.9% |
现金转化率MATSJM
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 1.44× | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | -5.62× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | 0.93× | ||
| Q2 24 | -4.45× | 1.75× |
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
SJM
| U.S.Retail Frozen Handheld And Spreads | $461.1M | 20% |
| U.S.Retail Pet Foods | $413.2M | 18% |
| Handheld Frozen Sandwiches | $262.9M | 11% |
| Sweet Baked Snacks | $256.1M | 11% |
| Pet Snacks | $232.0M | 10% |
| Cat Food | $197.2M | 8% |
| Peanut Butter | $187.1M | 8% |
| CA | $94.5M | 4% |
| Fruit Spreads | $92.2M | 4% |
| Other | $50.5M | 2% |
| Portion Control | $50.1M | 2% |
| All Other International | $33.2M | 1% |
