vs
美泰（MAT）与天宝（TRMB）财务数据对比。点击上方公司名可切换其他公司
天宝的季度营收约是美泰的1.1倍（$969.8M vs $862.2M），天宝净利率更高（16.1% vs 7.1%，领先9.1%），美泰同比增速更快（4.3% vs -73.7%），天宝自由现金流更多（$360.9M vs $-88.1M），过去两年天宝的营收复合增速更高（0.9% 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。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
MAT vs TRMB — 直观对比
营收规模更大
TRMB
是对方的1.1倍
$862.2M
营收增速更快
MAT
高出78.0%
-73.7%
净利率更高
TRMB
高出9.1%
7.1%
自由现金流更多
TRMB
多$449.0M
$-88.1M
两年增速更快
TRMB
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $969.8M |
| 净利润 | $61.0M | $156.6M |
| 毛利率 | 44.9% | 72.0% |
| 营业利润率 | — | 22.3% |
| 净利率 | 7.1% | 16.1% |
| 营收同比 | 4.3% | -73.7% |
| 净利润同比 | 251.4% | 73.6% |
| 每股收益（稀释后） | $0.20 | $0.65 |
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MATTRMB
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $901.2M | ||
| Q3 25 | $1.7B | $875.7M | ||
| Q2 25 | $1.0B | $840.6M | ||
| Q1 25 | $826.6M | $983.4M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | $875.8M | ||
| Q2 24 | $1.1B | $870.8M |
净利润MATTRMB
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $111.5M | ||
| Q3 25 | $278.4M | $89.2M | ||
| Q2 25 | $53.4M | $66.7M | ||
| Q1 25 | $-40.3M | $90.2M | ||
| Q4 24 | $140.9M | — | ||
| Q3 24 | $372.4M | $40.6M | ||
| Q2 24 | $56.9M | $1.3B |
毛利率MATTRMB
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 68.9% | ||
| Q3 25 | 50.0% | 68.3% | ||
| Q2 25 | 50.9% | 66.7% | ||
| Q1 25 | 49.4% | 69.3% | ||
| Q4 24 | 50.7% | — | ||
| Q3 24 | 53.1% | 65.7% | ||
| Q2 24 | 49.2% | 62.7% |
营业利润率MATTRMB
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 16.7% | ||
| Q3 25 | 21.9% | 14.6% | ||
| Q2 25 | 7.7% | 11.6% | ||
| Q1 25 | -6.4% | 17.6% | ||
| Q4 24 | 9.6% | — | ||
| Q3 24 | 26.5% | 13.3% | ||
| Q2 24 | 7.7% | 7.1% |
净利率MATTRMB
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 12.4% | ||
| Q3 25 | 16.0% | 10.2% | ||
| Q2 25 | 5.2% | 7.9% | ||
| Q1 25 | -4.9% | 9.2% | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 20.2% | 4.6% | ||
| Q2 24 | 5.3% | 151.2% |
每股收益（稀释后）MATTRMB
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $0.46 | ||
| Q3 25 | $0.88 | $0.37 | ||
| Q2 25 | $0.16 | $0.27 | ||
| Q1 25 | $-0.12 | $0.36 | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $1.09 | $0.16 | ||
| Q2 24 | $0.17 | $5.34 |
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 | $253.4M |
| 总债务越低越好 | $2.3B | $1.4B |
| 股东权益账面价值 | $2.1B | $5.8B |
| 总资产 | $6.3B | $9.3B |
| 负债/权益比越低杠杆越低 | 1.11× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资MATTRMB
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $232.7M | ||
| Q3 25 | $691.9M | $265.9M | ||
| Q2 25 | $870.5M | $290.0M | ||
| Q1 25 | $1.2B | $738.8M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $723.5M | $1.0B | ||
| Q2 24 | $722.4M | $944.1M |
总债务MATTRMB
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATTRMB
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $5.8B | ||
| Q3 25 | $2.3B | $5.7B | ||
| Q2 25 | $2.2B | $5.4B | ||
| Q1 25 | $2.1B | $5.7B | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | $5.9B | ||
| Q2 24 | $2.0B | $5.6B |
总资产MATTRMB
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $9.0B | ||
| Q3 25 | $6.6B | $9.1B | ||
| Q2 25 | $6.2B | $8.9B | ||
| Q1 25 | $6.2B | $9.5B | ||
| Q4 24 | $6.5B | — | ||
| Q3 24 | $6.5B | $9.9B | ||
| Q2 24 | $5.9B | $9.6B |
负债/权益比MATTRMB
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 0.24× | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | 0.24× | ||
| 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 | — | $386.2M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $360.9M |
| 自由现金流率自由现金流/营收 | -10.2% | 37.2% |
| 资本支出强度资本支出/营收 | 7.6% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 2.47× |
| 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MATTRMB
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | — | ||
| Q3 25 | $72.0M | $123.8M | ||
| Q2 25 | $-300.1M | $155.6M | ||
| Q1 25 | $24.8M | $115.1M | ||
| Q4 24 | $862.1M | — | ||
| Q3 24 | $155.8M | $94.9M | ||
| Q2 24 | $-252.9M | $87.6M |
自由现金流MATTRMB
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $116.6M | ||
| Q2 25 | — | $149.0M | ||
| Q1 25 | — | $109.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $88.5M | ||
| Q2 24 | — | $73.3M |
自由现金流率MATTRMB
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 17.7% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 8.4% |
资本支出强度MATTRMB
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.6% |
现金转化率MATTRMB
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | — | ||
| Q3 25 | 0.26× | 1.39× | ||
| Q2 25 | -5.62× | 2.33× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | 2.34× | ||
| Q2 24 | -4.45× | 0.07× |
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
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
