vs
美泰（MAT）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是美泰的1.2倍（$1.0B vs $862.2M），思佳讯净利率更高（7.6% vs 7.1%，领先0.6%），思佳讯同比增速更快（8.6% vs 4.3%），思佳讯自由现金流更多（$339.0M vs $-88.1M），过去两年思佳讯的营收复合增速更高（-0.5% 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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
MAT vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.2倍
$862.2M
营收增速更快
SWKS
高出4.3%
4.3%
净利率更高
SWKS
高出0.6%
7.1%
自由现金流更多
SWKS
多$427.1M
$-88.1M
两年增速更快
SWKS
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $1.0B |
| 净利润 | $61.0M | $79.2M |
| 毛利率 | 44.9% | 41.3% |
| 营业利润率 | — | 10.0% |
| 净利率 | 7.1% | 7.6% |
| 营收同比 | 4.3% | 8.6% |
| 净利润同比 | 251.4% | 15.3% |
| 每股收益（稀释后） | $0.20 | $0.53 |
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MATSWKS
| Q1 26 | $862.2M | $1.0B | ||
| Q4 25 | $1.8B | $1.1B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.0B | $965.0M | ||
| Q1 25 | $826.6M | $953.2M | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $1.1B | $905.5M |
净利润MATSWKS
| Q1 26 | $61.0M | $79.2M | ||
| Q4 25 | $106.2M | $141.4M | ||
| Q3 25 | $278.4M | — | ||
| Q2 25 | $53.4M | $105.0M | ||
| Q1 25 | $-40.3M | $68.7M | ||
| Q4 24 | $140.9M | $162.0M | ||
| Q3 24 | $372.4M | $60.5M | ||
| Q2 24 | $56.9M | $120.9M |
毛利率MATSWKS
| Q1 26 | 44.9% | 41.3% | ||
| Q4 25 | 45.9% | 40.7% | ||
| Q3 25 | 50.0% | — | ||
| Q2 25 | 50.9% | 41.6% | ||
| Q1 25 | 49.4% | 41.1% | ||
| Q4 24 | 50.7% | 41.4% | ||
| Q3 24 | 53.1% | 41.9% | ||
| Q2 24 | 49.2% | 40.2% |
营业利润率MATSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 8.0% | 10.1% | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | 7.7% | 11.5% | ||
| Q1 25 | -6.4% | 10.2% | ||
| Q4 24 | 9.6% | 16.9% | ||
| Q3 24 | 26.5% | 5.8% | ||
| Q2 24 | 7.7% | 14.4% |
净利率MATSWKS
| Q1 26 | 7.1% | 7.6% | ||
| Q4 25 | 6.0% | 12.9% | ||
| Q3 25 | 16.0% | — | ||
| Q2 25 | 5.2% | 10.9% | ||
| Q1 25 | -4.9% | 7.2% | ||
| Q4 24 | 8.6% | 15.2% | ||
| Q3 24 | 20.2% | 5.9% | ||
| Q2 24 | 5.3% | 13.4% |
每股收益（稀释后）MATSWKS
| Q1 26 | $0.20 | $0.53 | ||
| Q4 25 | $0.32 | $0.95 | ||
| Q3 25 | $0.88 | — | ||
| Q2 25 | $0.16 | $0.70 | ||
| Q1 25 | $-0.12 | $0.43 | ||
| Q4 24 | $0.40 | $1.00 | ||
| Q3 24 | $1.09 | $0.36 | ||
| Q2 24 | $0.17 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $2.3B | $496.6M |
| 股东权益账面价值 | $2.1B | $5.8B |
| 总资产 | $6.3B | $7.9B |
| 负债/权益比越低杠杆越低 | 1.11× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资MATSWKS
| Q1 26 | $866.0M | $1.6B | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $691.9M | — | ||
| Q2 25 | $870.5M | $1.3B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $723.5M | $1.6B | ||
| Q2 24 | $722.4M | $1.3B |
总债务MATSWKS
| Q1 26 | $2.3B | $496.6M | ||
| Q4 25 | $2.3B | $496.4M | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | $496.2M | ||
| Q1 25 | $2.3B | $995.1M | ||
| Q4 24 | $2.3B | $994.7M | ||
| Q3 24 | $2.3B | $994.3M | ||
| Q2 24 | $2.3B | $994.0M |
股东权益MATSWKS
| Q1 26 | $2.1B | $5.8B | ||
| Q4 25 | $2.2B | $5.8B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | $5.7B | ||
| Q1 25 | $2.1B | $5.9B | ||
| Q4 24 | $2.3B | $6.4B | ||
| Q3 24 | $2.3B | $6.3B | ||
| Q2 24 | $2.0B | $6.3B |
总资产MATSWKS
| Q1 26 | $6.3B | $7.9B | ||
| Q4 25 | $6.6B | $7.9B | ||
| Q3 25 | $6.6B | — | ||
| Q2 25 | $6.2B | $7.7B | ||
| Q1 25 | $6.2B | $7.9B | ||
| Q4 24 | $6.5B | $8.3B | ||
| Q3 24 | $6.5B | $8.3B | ||
| Q2 24 | $5.9B | $8.2B |
负债/权益比MATSWKS
| Q1 26 | 1.11× | 0.09× | ||
| Q4 25 | 1.04× | 0.09× | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | 0.09× | ||
| Q1 25 | 1.10× | 0.17× | ||
| Q4 24 | 1.03× | 0.16× | ||
| Q3 24 | 1.01× | 0.16× | ||
| Q2 24 | 1.18× | 0.16× |
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 | — | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $339.0M |
| 自由现金流率自由现金流/营收 | -10.2% | 32.7% |
| 资本支出强度资本支出/营收 | 7.6% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 4.99× |
| 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MATSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $796.6M | $200.0M | ||
| Q3 25 | $72.0M | — | ||
| Q2 25 | $-300.1M | $314.2M | ||
| Q1 25 | $24.8M | $409.4M | ||
| Q4 24 | $862.1M | $377.2M | ||
| Q3 24 | $155.8M | $476.1M | ||
| Q2 24 | $-252.9M | $273.4M |
自由现金流MATSWKS
| Q1 26 | $-88.1M | $339.0M | ||
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $252.7M | ||
| Q1 25 | — | $370.9M | ||
| Q4 24 | — | $338.2M | ||
| Q3 24 | — | $393.3M | ||
| Q2 24 | — | $249.0M |
自由现金流率MATSWKS
| Q1 26 | -10.2% | 32.7% | ||
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 26.2% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | 38.4% | ||
| Q2 24 | — | 27.5% |
资本支出强度MATSWKS
| Q1 26 | 7.6% | 5.5% | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 2.7% |
现金转化率MATSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 7.50× | 1.41× | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | -5.62× | 2.99× | ||
| Q1 25 | — | 5.96× | ||
| Q4 24 | 6.12× | 2.33× | ||
| Q3 24 | 0.42× | 7.87× | ||
| Q2 24 | -4.45× | 2.26× |
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
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
