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美泰（MAT）与Unity Software Inc.（U）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Unity Software Inc.的1.7倍（$862.2M vs $503.1M），美泰净利率更高（7.1% vs -17.9%，领先25.0%），Unity Software Inc.同比增速更快（10.1% vs 4.3%），Unity Software Inc.自由现金流更多（$118.7M vs $-88.1M），过去两年Unity Software Inc.的营收复合增速更高（4.5% 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。
Unity Software Inc.是总部位于美国旧金山的游戏软件开发企业，2004年于丹麦成立时原名为Over the Edge Entertainment，2007年更为现名。公司核心产品Unity游戏引擎全球应用广泛，可用于开发各类电子游戏及其他互动应用，商业化授权服务覆盖全球客户。
MAT vs U — 直观对比
营收规模更大
MAT
是对方的1.7倍
$503.1M
营收增速更快
U
高出5.8%
4.3%
净利率更高
MAT
高出25.0%
-17.9%
自由现金流更多
U
多$206.8M
$-88.1M
两年增速更快
U
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $503.1M |
| 净利润 | $61.0M | $-90.0M |
| 毛利率 | 44.9% | 74.3% |
| 营业利润率 | — | -21.2% |
| 净利率 | 7.1% | -17.9% |
| 营收同比 | 4.3% | 10.1% |
| 净利润同比 | 251.4% | 26.7% |
| 每股收益（稀释后） | $0.20 | $-0.21 |
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MATU
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $503.1M | ||
| Q3 25 | $1.7B | $470.6M | ||
| Q2 25 | $1.0B | $440.9M | ||
| Q1 25 | $826.6M | $435.0M | ||
| Q4 24 | $1.6B | $457.1M | ||
| Q3 24 | $1.8B | $446.5M | ||
| Q2 24 | $1.1B | $449.3M |
净利润MATU
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $-90.0M | ||
| Q3 25 | $278.4M | $-126.4M | ||
| Q2 25 | $53.4M | $-108.8M | ||
| Q1 25 | $-40.3M | $-77.6M | ||
| Q4 24 | $140.9M | $-122.7M | ||
| Q3 24 | $372.4M | $-124.7M | ||
| Q2 24 | $56.9M | $-125.6M |
毛利率MATU
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 74.3% | ||
| Q3 25 | 50.0% | 74.4% | ||
| Q2 25 | 50.9% | 74.1% | ||
| Q1 25 | 49.4% | 73.8% | ||
| Q4 24 | 50.7% | 74.7% | ||
| Q3 24 | 53.1% | 74.9% | ||
| Q2 24 | 49.2% | 75.8% |
营业利润率MATU
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | -21.2% | ||
| Q3 25 | 21.9% | -26.7% | ||
| Q2 25 | 7.7% | -26.9% | ||
| Q1 25 | -6.4% | -29.4% | ||
| Q4 24 | 9.6% | -27.1% | ||
| Q3 24 | 26.5% | -28.5% | ||
| Q2 24 | 7.7% | -28.8% |
净利率MATU
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | -17.9% | ||
| Q3 25 | 16.0% | -26.9% | ||
| Q2 25 | 5.2% | -24.7% | ||
| Q1 25 | -4.9% | -17.8% | ||
| Q4 24 | 8.6% | -26.8% | ||
| Q3 24 | 20.2% | -27.9% | ||
| Q2 24 | 5.3% | -28.0% |
每股收益（稀释后）MATU
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $-0.21 | ||
| Q3 25 | $0.88 | $-0.30 | ||
| Q2 25 | $0.16 | $-0.26 | ||
| Q1 25 | $-0.12 | $-0.19 | ||
| Q4 24 | $0.40 | $-0.30 | ||
| Q3 24 | $1.09 | $-0.31 | ||
| Q2 24 | $0.17 | $-0.32 |
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 | $2.1B |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $3.2B |
| 总资产 | $6.3B | $6.8B |
| 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MATU
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $691.9M | $1.9B | ||
| Q2 25 | $870.5M | $1.7B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $723.5M | $1.4B | ||
| Q2 24 | $722.4M | $1.3B |
总债务MATU
| 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MATU
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $3.2B | ||
| Q3 25 | $2.3B | $3.2B | ||
| Q2 25 | $2.2B | $3.2B | ||
| Q1 25 | $2.1B | $3.2B | ||
| Q4 24 | $2.3B | $3.2B | ||
| Q3 24 | $2.3B | $3.2B | ||
| Q2 24 | $2.0B | $3.2B |
总资产MATU
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $6.8B | ||
| Q3 25 | $6.6B | $6.8B | ||
| Q2 25 | $6.2B | $6.7B | ||
| Q1 25 | $6.2B | $6.6B | ||
| Q4 24 | $6.5B | $6.7B | ||
| Q3 24 | $6.5B | $6.7B | ||
| Q2 24 | $5.9B | $6.7B |
负债/权益比MATU
| 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 | — | $121.4M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $118.7M |
| 自由现金流率自由现金流/营收 | -10.2% | 23.6% |
| 资本支出强度资本支出/营收 | 7.6% | 0.5% |
| 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 | — | $403.9M |
8季度趋势，按日历期对齐
经营现金流MATU
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $121.4M | ||
| Q3 25 | $72.0M | $155.4M | ||
| Q2 25 | $-300.1M | $133.1M | ||
| Q1 25 | $24.8M | $13.0M | ||
| Q4 24 | $862.1M | $112.2M | ||
| Q3 24 | $155.8M | $122.4M | ||
| Q2 24 | $-252.9M | $88.4M |
自由现金流MATU
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $118.7M | ||
| Q3 25 | — | $151.3M | ||
| Q2 25 | — | $126.7M | ||
| Q1 25 | — | $7.3M | ||
| Q4 24 | — | $105.8M | ||
| Q3 24 | — | $115.2M | ||
| Q2 24 | — | $79.6M |
自由现金流率MATU
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 23.6% | ||
| Q3 25 | — | 32.1% | ||
| Q2 25 | — | 28.7% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 23.1% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 17.7% |
资本支出强度MATU
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.0% |
现金转化率MATU
| 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
U
| Grow Solutions | $338.2M | 67% |
| Create Solutions | $164.9M | 33% |
