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美泰（MAT）与SPIRE INC（SR）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SPIRE INC的1.1倍（$862.2M vs $762.2M），SPIRE INC净利率更高（12.5% vs 7.1%，领先5.4%），SPIRE INC同比增速更快（13.9% vs 4.3%），美泰自由现金流更多（$-88.1M vs $-121.8M），过去两年美泰的营收复合增速更高（-10.6% vs -17.8%）
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。
Spire Inc是总部位于美国密苏里州圣路易斯的区域公用事业控股公司，核心业务为受监管的天然气供应服务，同时布局非监管类业务拓展商业机会。旗下主要子公司Laclede Gas Company是密苏里州最大的天然气分销公用事业企业，为圣路易斯市及密苏里州东部10个县的约63.1万户住宅、商业及工业客户提供服务。
MAT vs SR — 直观对比
营收规模更大
MAT
是对方的1.1倍
$762.2M
营收增速更快
SR
高出9.6%
4.3%
净利率更高
SR
高出5.4%
7.1%
自由现金流更多
MAT
多$33.7M
$-121.8M
两年增速更快
MAT
近两年复合增速
-17.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $762.2M |
| 净利润 | $61.0M | $95.0M |
| 毛利率 | 44.9% | 55.1% |
| 营业利润率 | — | 22.8% |
| 净利率 | 7.1% | 12.5% |
| 营收同比 | 4.3% | 13.9% |
| 净利润同比 | 251.4% | 16.9% |
| 每股收益（稀释后） | $0.20 | $1.54 |
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MATSR
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $762.2M | ||
| Q3 25 | $1.7B | $334.1M | ||
| Q2 25 | $1.0B | $421.9M | ||
| Q1 25 | $826.6M | $1.1B | ||
| Q4 24 | $1.6B | $669.1M | ||
| Q3 24 | $1.8B | $293.8M | ||
| Q2 24 | $1.1B | $414.1M |
净利润MATSR
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $95.0M | ||
| Q3 25 | $278.4M | $-39.8M | ||
| Q2 25 | $53.4M | $20.9M | ||
| Q1 25 | $-40.3M | $209.3M | ||
| Q4 24 | $140.9M | $81.3M | ||
| Q3 24 | $372.4M | $-25.9M | ||
| Q2 24 | $56.9M | $-12.6M |
毛利率MATSR
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 55.1% | ||
| Q3 25 | 50.0% | — | ||
| Q2 25 | 50.9% | — | ||
| Q1 25 | 49.4% | — | ||
| Q4 24 | 50.7% | 55.6% | ||
| Q3 24 | 53.1% | — | ||
| Q2 24 | 49.2% | — |
营业利润率MATSR
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 22.8% | ||
| Q3 25 | 21.9% | -0.1% | ||
| Q2 25 | 7.7% | 16.4% | ||
| Q1 25 | -6.4% | 29.1% | ||
| Q4 24 | 9.6% | 22.2% | ||
| Q3 24 | 26.5% | 6.7% | ||
| Q2 24 | 7.7% | 7.4% |
净利率MATSR
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 12.5% | ||
| Q3 25 | 16.0% | -11.9% | ||
| Q2 25 | 5.2% | 5.0% | ||
| Q1 25 | -4.9% | 19.9% | ||
| Q4 24 | 8.6% | 12.2% | ||
| Q3 24 | 20.2% | -8.8% | ||
| Q2 24 | 5.3% | -3.0% |
每股收益（稀释后）MATSR
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $1.54 | ||
| Q3 25 | $0.88 | $-0.77 | ||
| Q2 25 | $0.16 | $0.29 | ||
| Q1 25 | $-0.12 | $3.51 | ||
| Q4 24 | $0.40 | $1.34 | ||
| Q3 24 | $1.09 | $-0.63 | ||
| Q2 24 | $0.17 | $-0.28 |
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 | $4.1M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $3.4B |
| 总资产 | $6.3B | $11.9B |
| 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MATSR
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $4.1M | ||
| Q3 25 | $691.9M | $5.7M | ||
| Q2 25 | $870.5M | $13.1M | ||
| Q1 25 | $1.2B | $15.2M | ||
| Q4 24 | $1.4B | $11.5M | ||
| Q3 24 | $723.5M | $4.5M | ||
| Q2 24 | $722.4M | $7.4M |
总债务MATSR
| 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MATSR
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $3.4B | ||
| Q3 25 | $2.3B | $3.4B | ||
| Q2 25 | $2.2B | $3.5B | ||
| Q1 25 | $2.1B | $3.5B | ||
| Q4 24 | $2.3B | $3.3B | ||
| Q3 24 | $2.3B | $3.2B | ||
| Q2 24 | $2.0B | $3.3B |
总资产MATSR
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $11.9B | ||
| Q3 25 | $6.6B | $11.6B | ||
| Q2 25 | $6.2B | $11.4B | ||
| Q1 25 | $6.2B | $11.3B | ||
| Q4 24 | $6.5B | $11.3B | ||
| Q3 24 | $6.5B | $10.9B | ||
| Q2 24 | $5.9B | $10.7B |
负债/权益比MATSR
| 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 | — | $81.0M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $-121.8M |
| 自由现金流率自由现金流/营收 | -10.2% | -16.0% |
| 资本支出强度资本支出/营收 | 7.6% | 26.6% |
| 现金转化率经营现金流/净利润 | — | 0.85× |
| 过去12个月自由现金流最近4个季度 | — | $-286.7M |
8季度趋势，按日历期对齐
经营现金流MATSR
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $81.0M | ||
| Q3 25 | $72.0M | $-4.9M | ||
| Q2 25 | $-300.1M | $129.1M | ||
| Q1 25 | $24.8M | $372.7M | ||
| Q4 24 | $862.1M | $81.1M | ||
| Q3 24 | $155.8M | $82.9M | ||
| Q2 24 | $-252.9M | $270.1M |
自由现金流MATSR
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $-121.8M | ||
| Q3 25 | — | $-227.6M | ||
| Q2 25 | — | $-91.4M | ||
| Q1 25 | — | $154.1M | ||
| Q4 24 | — | $-179.5M | ||
| Q3 24 | — | $-146.9M | ||
| Q2 24 | — | $47.9M |
自由现金流率MATSR
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | -16.0% | ||
| Q3 25 | — | -68.1% | ||
| Q2 25 | — | -21.7% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | -26.8% | ||
| Q3 24 | — | -50.0% | ||
| Q2 24 | — | 11.6% |
资本支出强度MATSR
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 26.6% | ||
| Q3 25 | — | 66.7% | ||
| Q2 25 | — | 52.3% | ||
| Q1 25 | — | 20.8% | ||
| Q4 24 | — | 38.9% | ||
| Q3 24 | — | 78.2% | ||
| Q2 24 | — | 53.7% |
现金转化率MATSR
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 0.85× | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | -5.62× | 6.18× | ||
| Q1 25 | — | 1.78× | ||
| Q4 24 | 6.12× | 1.00× | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | -4.45× | — |
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
SR
| Residential | $474.9M | 62% |
| Commercial And Industrial | $148.4M | 19% |
| Gas Marketing | $41.1M | 5% |
| Midstream | $39.0M | 5% |
| Transportation | $37.1M | 5% |
| Offsystem And Other Inventive | $19.7M | 3% |
| Other Customer Revenue | $4.6M | 1% |
