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美泰（MAT）与STARWOOD PROPERTY TRUST, INC.（STWD）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STARWOOD PROPERTY TRUST, INC.的1.7倍（$862.2M vs $492.9M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 7.1%，领先12.6%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs 4.3%），过去两年STARWOOD PROPERTY TRUST, INC.的营收复合增速更高（-2.9% 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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
MAT vs STWD — 直观对比
营收规模更大
MAT
是对方的1.7倍
$492.9M
营收增速更快
STWD
高出4.2%
4.3%
净利率更高
STWD
高出12.6%
7.1%
两年增速更快
STWD
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $492.9M |
| 净利润 | $61.0M | $96.9M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | 26.6% |
| 净利率 | 7.1% | 19.7% |
| 营收同比 | 4.3% | 8.5% |
| 净利润同比 | 251.4% | 87.7% |
| 每股收益（稀释后） | $0.20 | $0.25 |
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MATSTWD
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $492.9M | ||
| Q3 25 | $1.7B | $488.9M | ||
| Q2 25 | $1.0B | $444.3M | ||
| Q1 25 | $826.6M | $418.2M | ||
| Q4 24 | $1.6B | $454.4M | ||
| Q3 24 | $1.8B | $479.5M | ||
| Q2 24 | $1.1B | $489.8M |
净利润MATSTWD
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $96.9M | ||
| Q3 25 | $278.4M | $72.6M | ||
| Q2 25 | $53.4M | $129.8M | ||
| Q1 25 | $-40.3M | $112.3M | ||
| Q4 24 | $140.9M | $51.6M | ||
| Q3 24 | $372.4M | $76.1M | ||
| Q2 24 | $56.9M | $77.9M |
毛利率MATSTWD
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | — | ||
| Q3 25 | 50.0% | — | ||
| Q2 25 | 50.9% | — | ||
| Q1 25 | 49.4% | — | ||
| Q4 24 | 50.7% | — | ||
| Q3 24 | 53.1% | — | ||
| Q2 24 | 49.2% | — |
营业利润率MATSTWD
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 26.6% | ||
| Q3 25 | 21.9% | 19.1% | ||
| Q2 25 | 7.7% | 30.5% | ||
| Q1 25 | -6.4% | 28.7% | ||
| Q4 24 | 9.6% | 15.1% | ||
| Q3 24 | 26.5% | 17.2% | ||
| Q2 24 | 7.7% | 19.1% |
净利率MATSTWD
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 19.7% | ||
| Q3 25 | 16.0% | 14.8% | ||
| Q2 25 | 5.2% | 29.2% | ||
| Q1 25 | -4.9% | 26.8% | ||
| Q4 24 | 8.6% | 11.4% | ||
| Q3 24 | 20.2% | 15.9% | ||
| Q2 24 | 5.3% | 15.9% |
每股收益（稀释后）MATSTWD
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $0.25 | ||
| Q3 25 | $0.88 | $0.19 | ||
| Q2 25 | $0.16 | $0.38 | ||
| Q1 25 | $-0.12 | $0.33 | ||
| Q4 24 | $0.40 | $0.15 | ||
| Q3 24 | $1.09 | $0.23 | ||
| Q2 24 | $0.17 | $0.24 |
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 | $499.5M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $6.8B |
| 总资产 | $6.3B | $63.2B |
| 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MATSTWD
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $499.5M | ||
| Q3 25 | $691.9M | $301.1M | ||
| Q2 25 | $870.5M | $259.9M | ||
| Q1 25 | $1.2B | $440.6M | ||
| Q4 24 | $1.4B | $377.8M | ||
| Q3 24 | $723.5M | $357.9M | ||
| Q2 24 | $722.4M | $259.3M |
总债务MATSTWD
| 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MATSTWD
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $6.8B | ||
| Q3 25 | $2.3B | $6.9B | ||
| Q2 25 | $2.2B | $6.4B | ||
| Q1 25 | $2.1B | $6.4B | ||
| Q4 24 | $2.3B | $6.4B | ||
| Q3 24 | $2.3B | $6.5B | ||
| Q2 24 | $2.0B | $6.2B |
总资产MATSTWD
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $63.2B | ||
| Q3 25 | $6.6B | $62.4B | ||
| Q2 25 | $6.2B | $62.4B | ||
| Q1 25 | $6.2B | $62.2B | ||
| Q4 24 | $6.5B | $62.6B | ||
| Q3 24 | $6.5B | $64.2B | ||
| Q2 24 | $5.9B | $64.1B |
负债/权益比MATSTWD
| 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 | — | $488.8M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | — |
| 自由现金流率自由现金流/营收 | -10.2% | — |
| 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 | — | 5.04× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MATSTWD
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $488.8M | ||
| Q3 25 | $72.0M | $337.6M | ||
| Q2 25 | $-300.1M | $-87.4M | ||
| Q1 25 | $24.8M | $238.9M | ||
| Q4 24 | $862.1M | $295.6M | ||
| Q3 24 | $155.8M | $241.8M | ||
| Q2 24 | $-252.9M | $53.3M |
自由现金流MATSTWD
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率MATSTWD
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度MATSTWD
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率MATSTWD
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 5.04× | ||
| Q3 25 | 0.26× | 4.65× | ||
| Q2 25 | -5.62× | -0.67× | ||
| Q1 25 | — | 2.13× | ||
| Q4 24 | 6.12× | 5.72× | ||
| Q3 24 | 0.42× | 3.18× | ||
| Q2 24 | -4.45× | 0.68× |
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
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
