vs
美泰（MAT）与Snowflake Inc.（SNOW）财务数据对比。点击上方公司名可切换其他公司
Snowflake Inc.的季度营收约是美泰的1.5倍（$1.3B vs $862.2M），美泰净利率更高（7.1% vs -24.1%，领先31.2%），Snowflake Inc.同比增速更快（100.0% vs 4.3%），Snowflake Inc.自由现金流更多（$765.1M vs $-88.1M），过去两年Snowflake Inc.的营收复合增速更高（24.5% 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。
Snowflake Inc.是美国云数据平台服务商，创立于加利福尼亚州圣马特奥，总部位于蒙大拿州博兹曼。旗下平台支持数据分析功能，可实现数据集的低延迟并发访问，服务运行在亚马逊云科技、微软Azure、谷歌云三大公有云平台上。
MAT vs SNOW — 直观对比
营收规模更大
SNOW
是对方的1.5倍
$862.2M
营收增速更快
SNOW
高出95.7%
4.3%
净利率更高
MAT
高出31.2%
-24.1%
自由现金流更多
SNOW
多$853.2M
$-88.1M
两年增速更快
SNOW
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $1.3B |
| 净利润 | $61.0M | $-309.6M |
| 毛利率 | 44.9% | 66.8% |
| 营业利润率 | — | 8.4% |
| 净利率 | 7.1% | -24.1% |
| 营收同比 | 4.3% | 100.0% |
| 净利润同比 | 251.4% | 5.5% |
| 每股收益（稀释后） | $0.20 | $-0.90 |
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MATSNOW
| Q4 26 | — | $1.3B | ||
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $826.6M | $986.8M | ||
| Q4 24 | $1.6B | $942.1M | ||
| Q3 24 | $1.8B | $868.8M |
净利润MATSNOW
| Q4 26 | — | $-309.6M | ||
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $-294.0M | ||
| Q3 25 | $278.4M | $-298.0M | ||
| Q2 25 | $53.4M | $-430.1M | ||
| Q1 25 | $-40.3M | $-327.5M | ||
| Q4 24 | $140.9M | $-324.3M | ||
| Q3 24 | $372.4M | $-316.9M |
毛利率MATSNOW
| Q4 26 | — | 66.8% | ||
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 67.8% | ||
| Q3 25 | 50.0% | 67.5% | ||
| Q2 25 | 50.9% | 66.5% | ||
| Q1 25 | 49.4% | 66.2% | ||
| Q4 24 | 50.7% | 65.9% | ||
| Q3 24 | 53.1% | 66.8% |
营业利润率MATSNOW
| Q4 26 | — | 8.4% | ||
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | -27.2% | ||
| Q3 25 | 21.9% | -29.7% | ||
| Q2 25 | 7.7% | -42.9% | ||
| Q1 25 | -6.4% | -39.2% | ||
| Q4 24 | 9.6% | -38.8% | ||
| Q3 24 | 26.5% | -40.9% |
净利率MATSNOW
| Q4 26 | — | -24.1% | ||
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | -24.2% | ||
| Q3 25 | 16.0% | -26.0% | ||
| Q2 25 | 5.2% | -41.3% | ||
| Q1 25 | -4.9% | -33.2% | ||
| Q4 24 | 8.6% | -34.4% | ||
| Q3 24 | 20.2% | -36.5% |
每股收益（稀释后）MATSNOW
| Q4 26 | — | $-0.90 | ||
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $-0.87 | ||
| Q3 25 | $0.88 | $-0.89 | ||
| Q2 25 | $0.16 | $-1.29 | ||
| Q1 25 | $-0.12 | $-0.98 | ||
| Q4 24 | $0.40 | $-0.98 | ||
| Q3 24 | $1.09 | $-0.95 |
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 | $4.0B |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | — |
| 总资产 | $6.3B | $9.1B |
| 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MATSNOW
| Q4 26 | — | $4.0B | ||
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $691.9M | $1.9B | ||
| Q2 25 | $870.5M | $2.2B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $723.5M | $1.3B |
总债务MATSNOW
| Q4 26 | — | — | ||
| 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 | — |
股东权益MATSNOW
| Q4 26 | — | — | ||
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.3B | $2.4B | ||
| Q2 25 | $2.2B | $2.4B | ||
| Q1 25 | $2.1B | $3.0B | ||
| Q4 24 | $2.3B | $2.9B | ||
| Q3 24 | $2.3B | $4.1B |
总资产MATSNOW
| Q4 26 | — | $9.1B | ||
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $8.2B | ||
| Q3 25 | $6.6B | $8.2B | ||
| Q2 25 | $6.2B | $8.2B | ||
| Q1 25 | $6.2B | $9.0B | ||
| Q4 24 | $6.5B | $8.2B | ||
| Q3 24 | $6.5B | $6.9B |
负债/权益比MATSNOW
| Q4 26 | — | — | ||
| 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× | — |
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 | — | $781.2M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $765.1M |
| 自由现金流率自由现金流/营收 | -10.2% | 59.6% |
| 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 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流MATSNOW
| Q4 26 | — | $781.2M | ||
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $137.5M | ||
| Q3 25 | $72.0M | $74.9M | ||
| Q2 25 | $-300.1M | $228.4M | ||
| Q1 25 | $24.8M | $432.7M | ||
| Q4 24 | $862.1M | $101.7M | ||
| Q3 24 | $155.8M | $69.9M |
自由现金流MATSNOW
| Q4 26 | — | $765.1M | ||
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $58.2M | ||
| Q2 25 | — | $183.4M | ||
| Q1 25 | — | $421.4M | ||
| Q4 24 | — | $88.3M | ||
| Q3 24 | — | $64.8M |
自由现金流率MATSNOW
| Q4 26 | — | 59.6% | ||
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 42.7% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 7.5% |
资本支出强度MATSNOW
| Q4 26 | — | — | ||
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.6% |
现金转化率MATSNOW
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | -5.62× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | — |
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
SNOW
| Product revenue | $1.2B | 96% |
| Other | $57.4M | 4% |
