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美泰（MAT）与TWILIO INC（TWLO）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TWILIO INC的1.3倍（$1.8B vs $1.4B），美泰净利率更高（6.0% vs -3.4%，领先9.4%），TWILIO INC同比增速更快（14.3% vs 7.3%），过去两年美泰的营收复合增速更高（47.7% vs 14.2%）
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。
Twilio是总部位于美国加利福尼亚州旧金山的云通信企业，提供可编程通信工具，用户可通过其网页服务API实现拨打接听电话、收发短信等多种通信功能，方便企业灵活搭建适配自身需求的通信解决方案，降低相关技术的自研投入。
MAT vs TWLO — 直观对比
营收规模更大
MAT
是对方的1.3倍
$1.4B
营收增速更快
TWLO
高出7.0%
7.3%
净利率更高
MAT
高出9.4%
-3.4%
两年增速更快
MAT
近两年复合增速
14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.4B |
| 净利润 | $106.2M | $-45.9M |
| 毛利率 | 45.9% | 48.5% |
| 营业利润率 | 8.0% | 4.2% |
| 净利率 | 6.0% | -3.4% |
| 营收同比 | 7.3% | 14.3% |
| 净利润同比 | -24.6% | -267.7% |
| 每股收益（稀释后） | $0.32 | $-0.28 |
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MATTWLO
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $826.6M | $1.2B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $809.5M | $1.0B |
净利润MATTWLO
| Q4 25 | $106.2M | $-45.9M | ||
| Q3 25 | $278.4M | $37.2M | ||
| Q2 25 | $53.4M | $22.4M | ||
| Q1 25 | $-40.3M | $20.0M | ||
| Q4 24 | $140.9M | $-12.5M | ||
| Q3 24 | $372.4M | $-9.7M | ||
| Q2 24 | $56.9M | $-31.9M | ||
| Q1 24 | $-28.3M | $-55.3M |
毛利率MATTWLO
| Q4 25 | 45.9% | 48.5% | ||
| Q3 25 | 50.0% | 48.6% | ||
| Q2 25 | 50.9% | 49.1% | ||
| Q1 25 | 49.4% | 49.6% | ||
| Q4 24 | 50.7% | 50.2% | ||
| Q3 24 | 53.1% | 51.0% | ||
| Q2 24 | 49.2% | 51.3% | ||
| Q1 24 | 48.0% | 52.0% |
营业利润率MATTWLO
| Q4 25 | 8.0% | 4.2% | ||
| Q3 25 | 21.9% | 3.1% | ||
| Q2 25 | 7.7% | 3.0% | ||
| Q1 25 | -6.4% | 2.0% | ||
| Q4 24 | 9.6% | 1.1% | ||
| Q3 24 | 26.5% | -0.4% | ||
| Q2 24 | 7.7% | -1.8% | ||
| Q1 24 | -4.4% | -4.2% |
净利率MATTWLO
| Q4 25 | 6.0% | -3.4% | ||
| Q3 25 | 16.0% | 2.9% | ||
| Q2 25 | 5.2% | 1.8% | ||
| Q1 25 | -4.9% | 1.7% | ||
| Q4 24 | 8.6% | -1.0% | ||
| Q3 24 | 20.2% | -0.9% | ||
| Q2 24 | 5.3% | -2.9% | ||
| Q1 24 | -3.5% | -5.3% |
每股收益（稀释后）MATTWLO
| Q4 25 | $0.32 | $-0.28 | ||
| Q3 25 | $0.88 | $0.23 | ||
| Q2 25 | $0.16 | $0.14 | ||
| Q1 25 | $-0.12 | $0.12 | ||
| Q4 24 | $0.40 | $-0.10 | ||
| Q3 24 | $1.09 | $-0.06 | ||
| Q2 24 | $0.17 | $-0.19 | ||
| Q1 24 | $-0.08 | $-0.31 |
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 | $1.2B | $682.3M |
| 总债务越低越好 | $2.3B | $992.3M |
| 股东权益账面价值 | $2.2B | $7.8B |
| 总资产 | $6.6B | $9.8B |
| 负债/权益比越低杠杆越低 | 1.04× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资MATTWLO
| Q4 25 | $1.2B | $682.3M | ||
| Q3 25 | $691.9M | $734.8M | ||
| Q2 25 | $870.5M | $969.2M | ||
| Q1 25 | $1.2B | $467.1M | ||
| Q4 24 | $1.4B | $421.3M | ||
| Q3 24 | $723.5M | $584.0M | ||
| Q2 24 | $722.4M | $755.1M | ||
| Q1 24 | $1.1B | $672.6M |
总债务MATTWLO
| Q4 25 | $2.3B | $992.3M | ||
| Q3 25 | $2.3B | $991.9M | ||
| Q2 25 | $2.3B | $991.4M | ||
| Q1 25 | $2.3B | $991.0M | ||
| Q4 24 | $2.3B | $990.6M | ||
| Q3 24 | $2.3B | $990.2M | ||
| Q2 24 | $2.3B | $989.8M | ||
| Q1 24 | $2.3B | $989.4M |
股东权益MATTWLO
| Q4 25 | $2.2B | $7.8B | ||
| Q3 25 | $2.3B | $7.9B | ||
| Q2 25 | $2.2B | $8.0B | ||
| Q1 25 | $2.1B | $8.0B | ||
| Q4 24 | $2.3B | $8.0B | ||
| Q3 24 | $2.3B | $8.2B | ||
| Q2 24 | $2.0B | $8.7B | ||
| Q1 24 | $2.0B | $9.4B |
总资产MATTWLO
| Q4 25 | $6.6B | $9.8B | ||
| Q3 25 | $6.6B | $9.7B | ||
| Q2 25 | $6.2B | $9.8B | ||
| Q1 25 | $6.2B | $9.8B | ||
| Q4 24 | $6.5B | $9.9B | ||
| Q3 24 | $6.5B | $10.0B | ||
| Q2 24 | $5.9B | $10.5B | ||
| Q1 24 | $6.1B | $11.3B |
负债/权益比MATTWLO
| Q4 25 | 1.04× | 0.13× | ||
| Q3 25 | 1.03× | 0.13× | ||
| Q2 25 | 1.08× | 0.12× | ||
| Q1 25 | 1.10× | 0.12× | ||
| Q4 24 | 1.03× | 0.12× | ||
| Q3 24 | 1.01× | 0.12× | ||
| Q2 24 | 1.18× | 0.11× | ||
| Q1 24 | 1.15× | 0.10× |
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 | $796.6M | $271.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 7.50× | — |
| 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MATTWLO
| Q4 25 | $796.6M | $271.6M | ||
| Q3 25 | $72.0M | $263.6M | ||
| Q2 25 | $-300.1M | $277.1M | ||
| Q1 25 | $24.8M | $191.0M | ||
| Q4 24 | $862.1M | $108.4M | ||
| Q3 24 | $155.8M | $204.3M | ||
| Q2 24 | $-252.9M | $213.3M | ||
| Q1 24 | $35.5M | $190.1M |
现金转化率MATTWLO
| Q4 25 | 7.50× | — | ||
| Q3 25 | 0.26× | 7.08× | ||
| Q2 25 | -5.62× | 12.36× | ||
| Q1 25 | — | 9.54× | ||
| Q4 24 | 6.12× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | -4.45× | — | ||
| Q1 24 | — | — |
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
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
TWLO
| US | $879.8M | 64% |
| Non Us | $486.1M | 36% |
