vs
美泰（MAT）与Teladoc Health, Inc.（TDOC）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Teladoc Health, Inc.的1.4倍（$862.2M vs $613.8M），美泰净利率更高（7.1% vs -10.4%，领先17.5%），美泰同比增速更快（4.3% vs -2.5%），Teladoc Health, Inc.自由现金流更多（$-26.3M vs $-88.1M），过去两年Teladoc Health, Inc.的营收复合增速更高（-2.3% 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。
泰莱达克健康是一家跨国远程医疗与虚拟医疗企业，2002年成立，总部位于美国纽约。公司核心业务涵盖远程问诊、医学意见咨询、人工智能与数据分析、远程医疗设备及可授权平台服务，主要通过电话、视频会议软件与移动应用，为用户提供随时可及的远程医疗服务。
MAT vs TDOC — 直观对比
营收规模更大
MAT
是对方的1.4倍
$613.8M
营收增速更快
MAT
高出6.8%
-2.5%
净利率更高
MAT
高出17.5%
-10.4%
自由现金流更多
TDOC
多$61.8M
$-88.1M
两年增速更快
TDOC
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $613.8M |
| 净利润 | $61.0M | $-63.8M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | -10.1% |
| 净利率 | 7.1% | -10.4% |
| 营收同比 | 4.3% | -2.5% |
| 净利润同比 | 251.4% | 31.4% |
| 每股收益（稀释后） | $0.20 | $-0.36 |
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MATTDOC
| Q1 26 | $862.2M | $613.8M | ||
| Q4 25 | $1.8B | $642.3M | ||
| Q3 25 | $1.7B | $626.4M | ||
| Q2 25 | $1.0B | $631.9M | ||
| Q1 25 | $826.6M | $629.4M | ||
| Q4 24 | $1.6B | $640.5M | ||
| Q3 24 | $1.8B | $640.5M | ||
| Q2 24 | $1.1B | $642.4M |
净利润MATTDOC
| Q1 26 | $61.0M | $-63.8M | ||
| Q4 25 | $106.2M | — | ||
| Q3 25 | $278.4M | $-49.5M | ||
| Q2 25 | $53.4M | $-32.7M | ||
| Q1 25 | $-40.3M | $-93.0M | ||
| Q4 24 | $140.9M | — | ||
| Q3 24 | $372.4M | $-33.3M | ||
| Q2 24 | $56.9M | $-837.7M |
毛利率MATTDOC
| 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MATTDOC
| Q1 26 | — | -10.1% | ||
| Q4 25 | 8.0% | -5.6% | ||
| Q3 25 | 21.9% | -8.3% | ||
| Q2 25 | 7.7% | -8.6% | ||
| Q1 25 | -6.4% | -19.2% | ||
| Q4 24 | 9.6% | -7.5% | ||
| Q3 24 | 26.5% | -6.9% | ||
| Q2 24 | 7.7% | -130.9% |
净利率MATTDOC
| Q1 26 | 7.1% | -10.4% | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 16.0% | -7.9% | ||
| Q2 25 | 5.2% | -5.2% | ||
| Q1 25 | -4.9% | -14.8% | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 20.2% | -5.2% | ||
| Q2 24 | 5.3% | -130.4% |
每股收益（稀释后）MATTDOC
| Q1 26 | $0.20 | $-0.36 | ||
| Q4 25 | $0.32 | $-0.14 | ||
| Q3 25 | $0.88 | $-0.28 | ||
| Q2 25 | $0.16 | $-0.19 | ||
| Q1 25 | $-0.12 | $-0.53 | ||
| Q4 24 | $0.40 | $-0.27 | ||
| Q3 24 | $1.09 | $-0.19 | ||
| Q2 24 | $0.17 | $-4.92 |
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 | $750.7M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $1.3B |
| 总资产 | $6.3B | $2.8B |
| 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MATTDOC
| Q1 26 | $866.0M | $750.7M | ||
| Q4 25 | $1.2B | $781.1M | ||
| Q3 25 | $691.9M | $726.2M | ||
| Q2 25 | $870.5M | $679.6M | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $723.5M | $1.2B | ||
| Q2 24 | $722.4M | $1.2B |
总债务MATTDOC
| 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MATTDOC
| Q1 26 | $2.1B | $1.3B | ||
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.3B | $1.5B | ||
| Q3 24 | $2.3B | $1.5B | ||
| Q2 24 | $2.0B | $1.5B |
总资产MATTDOC
| Q1 26 | $6.3B | $2.8B | ||
| Q4 25 | $6.6B | $2.9B | ||
| Q3 25 | $6.6B | $2.9B | ||
| Q2 25 | $6.2B | $2.9B | ||
| Q1 25 | $6.2B | $3.4B | ||
| Q4 24 | $6.5B | $3.5B | ||
| Q3 24 | $6.5B | $3.5B | ||
| Q2 24 | $5.9B | $3.5B |
负债/权益比MATTDOC
| 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 | — | $9.5M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $-26.3M |
| 自由现金流率自由现金流/营收 | -10.2% | -4.3% |
| 资本支出强度资本支出/营收 | 7.6% | 0.3% |
| 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 | — | $246.0M |
8季度趋势，按日历期对齐
经营现金流MATTDOC
| Q1 26 | — | $9.5M | ||
| Q4 25 | $796.6M | $87.7M | ||
| Q3 25 | $72.0M | $99.3M | ||
| Q2 25 | $-300.1M | $91.4M | ||
| Q1 25 | $24.8M | $15.9M | ||
| Q4 24 | $862.1M | $85.9M | ||
| Q3 24 | $155.8M | $110.2M | ||
| Q2 24 | $-252.9M | $88.7M |
自由现金流MATTDOC
| Q1 26 | $-88.1M | $-26.3M | ||
| Q4 25 | — | $85.1M | ||
| Q3 25 | — | $97.0M | ||
| Q2 25 | — | $90.2M | ||
| Q1 25 | — | $13.2M | ||
| Q4 24 | — | $79.8M | ||
| Q3 24 | — | $108.6M | ||
| Q2 24 | — | $86.8M |
自由现金流率MATTDOC
| Q1 26 | -10.2% | -4.3% | ||
| Q4 25 | — | 13.3% | ||
| Q3 25 | — | 15.5% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 17.0% | ||
| Q2 24 | — | 13.5% |
资本支出强度MATTDOC
| Q1 26 | 7.6% | 0.3% | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.3% |
现金转化率MATTDOC
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | -5.62× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | — | ||
| 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
TDOC
| U.S | $491.5M | 80% |
| International | $122.3M | 20% |
