vs
美泰（MAT）与Tyler Technologies（TYL）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Tyler Technologies的1.4倍（$862.2M vs $613.5M），Tyler Technologies净利率更高（13.2% vs 7.1%，领先6.2%），Tyler Technologies同比增速更快（8.6% vs 4.3%），Tyler Technologies自由现金流更多（$2.0M vs $-88.1M），过去两年Tyler Technologies的营收复合增速更高（6.5% 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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
MAT vs TYL — 直观对比
营收规模更大
MAT
是对方的1.4倍
$613.5M
营收增速更快
TYL
高出4.2%
4.3%
净利率更高
TYL
高出6.2%
7.1%
自由现金流更多
TYL
多$90.1M
$-88.1M
两年增速更快
TYL
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $613.5M |
| 净利润 | $61.0M | $81.2M |
| 毛利率 | 44.9% | 48.3% |
| 营业利润率 | — | 16.3% |
| 净利率 | 7.1% | 13.2% |
| 营收同比 | 4.3% | 8.6% |
| 净利润同比 | 251.4% | — |
| 每股收益（稀释后） | $0.20 | $1.88 |
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MATTYL
| Q1 26 | $862.2M | $613.5M | ||
| Q4 25 | $1.8B | $575.2M | ||
| Q3 25 | $1.7B | $595.9M | ||
| Q2 25 | $1.0B | $596.1M | ||
| Q1 25 | $826.6M | $565.2M | ||
| Q4 24 | $1.6B | $541.1M | ||
| Q3 24 | $1.8B | $543.3M | ||
| Q2 24 | $1.1B | $541.0M |
净利润MATTYL
| Q1 26 | $61.0M | $81.2M | ||
| Q4 25 | $106.2M | $65.5M | ||
| Q3 25 | $278.4M | $84.4M | ||
| Q2 25 | $53.4M | $84.6M | ||
| Q1 25 | $-40.3M | $81.1M | ||
| Q4 24 | $140.9M | $65.2M | ||
| Q3 24 | $372.4M | $75.9M | ||
| Q2 24 | $56.9M | $67.7M |
毛利率MATTYL
| Q1 26 | 44.9% | 48.3% | ||
| Q4 25 | 45.9% | 45.5% | ||
| Q3 25 | 50.0% | 47.2% | ||
| Q2 25 | 50.9% | 45.8% | ||
| Q1 25 | 49.4% | 47.3% | ||
| Q4 24 | 50.7% | 43.8% | ||
| Q3 24 | 53.1% | 43.7% | ||
| Q2 24 | 49.2% | 44.0% |
营业利润率MATTYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | 8.0% | 13.0% | ||
| Q3 25 | 21.9% | 16.4% | ||
| Q2 25 | 7.7% | 16.0% | ||
| Q1 25 | -6.4% | 15.8% | ||
| Q4 24 | 9.6% | 13.2% | ||
| Q3 24 | 26.5% | 15.2% | ||
| Q2 24 | 7.7% | 14.4% |
净利率MATTYL
| Q1 26 | 7.1% | 13.2% | ||
| Q4 25 | 6.0% | 11.4% | ||
| Q3 25 | 16.0% | 14.2% | ||
| Q2 25 | 5.2% | 14.2% | ||
| Q1 25 | -4.9% | 14.3% | ||
| Q4 24 | 8.6% | 12.1% | ||
| Q3 24 | 20.2% | 14.0% | ||
| Q2 24 | 5.3% | 12.5% |
每股收益（稀释后）MATTYL
| Q1 26 | $0.20 | $1.88 | ||
| Q4 25 | $0.32 | $1.50 | ||
| Q3 25 | $0.88 | $1.93 | ||
| Q2 25 | $0.16 | $1.93 | ||
| Q1 25 | $-0.12 | $1.84 | ||
| Q4 24 | $0.40 | $1.48 | ||
| Q3 24 | $1.09 | $1.74 | ||
| Q2 24 | $0.17 | $1.57 |
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 | $346.4M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $3.6B |
| 总资产 | $6.3B | $4.8B |
| 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MATTYL
| Q1 26 | $866.0M | $346.4M | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $691.9M | $950.8M | ||
| Q2 25 | $870.5M | $892.3M | ||
| Q1 25 | $1.2B | $807.4M | ||
| Q4 24 | $1.4B | $768.0M | ||
| Q3 24 | $723.5M | $544.3M | ||
| Q2 24 | $722.4M | $258.0M |
总债务MATTYL
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $599.7M | ||
| Q3 25 | $2.3B | $599.2M | ||
| Q2 25 | $2.3B | $598.8M | ||
| Q1 25 | $2.3B | $598.4M | ||
| Q4 24 | $2.3B | $597.9M | ||
| Q3 24 | $2.3B | $597.5M | ||
| Q2 24 | $2.3B | $597.1M |
股东权益MATTYL
| Q1 26 | $2.1B | $3.6B | ||
| Q4 25 | $2.2B | $3.7B | ||
| Q3 25 | $2.3B | $3.6B | ||
| Q2 25 | $2.2B | $3.6B | ||
| Q1 25 | $2.1B | $3.5B | ||
| Q4 24 | $2.3B | $3.4B | ||
| Q3 24 | $2.3B | $3.3B | ||
| Q2 24 | $2.0B | $3.1B |
总资产MATTYL
| Q1 26 | $6.3B | $4.8B | ||
| Q4 25 | $6.6B | $5.6B | ||
| Q3 25 | $6.6B | $5.5B | ||
| Q2 25 | $6.2B | $5.4B | ||
| Q1 25 | $6.2B | $5.2B | ||
| Q4 24 | $6.5B | $5.2B | ||
| Q3 24 | $6.5B | $5.0B | ||
| Q2 24 | $5.9B | $4.8B |
负债/权益比MATTYL
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 0.16× | ||
| Q3 25 | 1.03× | 0.17× | ||
| Q2 25 | 1.08× | 0.16× | ||
| Q1 25 | 1.10× | 0.17× | ||
| Q4 24 | 1.03× | 0.18× | ||
| Q3 24 | 1.01× | 0.18× | ||
| Q2 24 | 1.18× | 0.19× |
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 | — | $107.3M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $2.0M |
| 自由现金流率自由现金流/营收 | -10.2% | 0.3% |
| 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 | — | 1.32× |
| 过去12个月自由现金流最近4个季度 | — | $585.7M |
8季度趋势，按日历期对齐
经营现金流MATTYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $796.6M | $243.9M | ||
| Q3 25 | $72.0M | $255.2M | ||
| Q2 25 | $-300.1M | $98.3M | ||
| Q1 25 | $24.8M | $56.2M | ||
| Q4 24 | $862.1M | $224.8M | ||
| Q3 24 | $155.8M | $263.7M | ||
| Q2 24 | $-252.9M | $64.3M |
自由现金流MATTYL
| Q1 26 | $-88.1M | $2.0M | ||
| Q4 25 | — | $239.6M | ||
| Q3 25 | — | $251.3M | ||
| Q2 25 | — | $92.8M | ||
| Q1 25 | — | $53.8M | ||
| Q4 24 | — | $221.0M | ||
| Q3 24 | — | $260.8M | ||
| Q2 24 | — | $57.7M |
自由现金流率MATTYL
| Q1 26 | -10.2% | 0.3% | ||
| Q4 25 | — | 41.7% | ||
| Q3 25 | — | 42.2% | ||
| Q2 25 | — | 15.6% | ||
| Q1 25 | — | 9.5% | ||
| Q4 24 | — | 40.8% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 10.7% |
资本支出强度MATTYL
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 1.2% |
现金转化率MATTYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | 7.50× | 3.72× | ||
| Q3 25 | 0.26× | 3.02× | ||
| Q2 25 | -5.62× | 1.16× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 6.12× | 3.45× | ||
| Q3 24 | 0.42× | 3.47× | ||
| Q2 24 | -4.45× | 0.95× |
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
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
