vs
美泰（MAT）与U-Haul Holding Co（UHAL）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U-Haul Holding Co的1.2倍（$1.8B vs $1.4B），美泰净利率更高（6.0% vs 2.6%，领先3.4%），美泰同比增速更快（7.3% vs 1.9%）
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。
U-Haul控股公司是总部位于美国亚利桑那州凤凰城的移动货车、拖车及自助仓储租赁企业，1945年由伦纳德·肖恩与安娜·玛丽·卡蒂在华盛顿州里奇菲尔德创立，最初起步于卡蒂家族的车库，后通过加油站加盟模式扩张，业务覆盖美国全部50个州及加拿大10个省份。
MAT vs UHAL — 直观对比
营收规模更大
MAT
是对方的1.2倍
$1.4B
营收增速更快
MAT
高出5.3%
1.9%
净利率更高
MAT
高出3.4%
2.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.4B |
| 净利润 | $106.2M | $37.0M |
| 毛利率 | 45.9% | 96.4% |
| 营业利润率 | 8.0% | 2.4% |
| 净利率 | 6.0% | 2.6% |
| 营收同比 | 7.3% | 1.9% |
| 净利润同比 | -24.6% | -45.0% |
| 每股收益（稀释后） | $0.32 | — |
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MATUHAL
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.0B | $232.1M | ||
| Q1 25 | $826.6M | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $809.5M | — |
净利润MATUHAL
| Q4 25 | $106.2M | $37.0M | ||
| Q3 25 | $278.4M | $105.5M | ||
| Q2 25 | $53.4M | $142.3M | ||
| Q1 25 | $-40.3M | — | ||
| Q4 24 | $140.9M | — | ||
| Q3 24 | $372.4M | — | ||
| Q2 24 | $56.9M | — | ||
| Q1 24 | $-28.3M | — |
毛利率MATUHAL
| Q4 25 | 45.9% | 96.4% | ||
| Q3 25 | 50.0% | 96.1% | ||
| Q2 25 | 50.9% | 68.9% | ||
| Q1 25 | 49.4% | — | ||
| Q4 24 | 50.7% | — | ||
| Q3 24 | 53.1% | — | ||
| Q2 24 | 49.2% | — | ||
| Q1 24 | 48.0% | — |
营业利润率MATUHAL
| Q4 25 | 8.0% | 2.4% | ||
| Q3 25 | 21.9% | 12.7% | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | -6.4% | — | ||
| Q4 24 | 9.6% | — | ||
| Q3 24 | 26.5% | — | ||
| Q2 24 | 7.7% | — | ||
| Q1 24 | -4.4% | — |
净利率MATUHAL
| Q4 25 | 6.0% | 2.6% | ||
| Q3 25 | 16.0% | 6.1% | ||
| Q2 25 | 5.2% | 61.3% | ||
| Q1 25 | -4.9% | — | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 20.2% | — | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | -3.5% | — |
每股收益（稀释后）MATUHAL
| Q4 25 | $0.32 | — | ||
| Q3 25 | $0.88 | — | ||
| Q2 25 | $0.16 | — | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $1.09 | — | ||
| Q2 24 | $0.17 | — | ||
| Q1 24 | $-0.08 | — |
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 | $1.0B |
| 总债务越低越好 | $2.3B | $8.1B |
| 股东权益账面价值 | $2.2B | $7.7B |
| 总资产 | $6.6B | $21.6B |
| 负债/权益比越低杠杆越低 | 1.04× | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资MATUHAL
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $691.9M | $1.1B | ||
| Q2 25 | $870.5M | $877.2M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $723.5M | — | ||
| Q2 24 | $722.4M | — | ||
| Q1 24 | $1.1B | — |
总债务MATUHAL
| Q4 25 | $2.3B | $8.1B | ||
| Q3 25 | $2.3B | $7.7B | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | — |
股东权益MATUHAL
| Q4 25 | $2.2B | $7.7B | ||
| Q3 25 | $2.3B | $7.8B | ||
| Q2 25 | $2.2B | $7.7B | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
总资产MATUHAL
| Q4 25 | $6.6B | $21.6B | ||
| Q3 25 | $6.6B | $21.4B | ||
| Q2 25 | $6.2B | $20.8B | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $6.5B | — | ||
| Q3 24 | $6.5B | — | ||
| Q2 24 | $5.9B | — | ||
| Q1 24 | $6.1B | — |
负债/权益比MATUHAL
| Q4 25 | 1.04× | 1.04× | ||
| Q3 25 | 1.03× | 1.00× | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 1.18× | — | ||
| Q1 24 | 1.15× | — |
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 | $240.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-447.6M |
| 自由现金流率自由现金流/营收 | — | -31.6% |
| 资本支出强度资本支出/营收 | — | 48.6% |
| 现金转化率经营现金流/净利润 | 7.50× | 6.51× |
| 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MATUHAL
| Q4 25 | $796.6M | $240.6M | ||
| Q3 25 | $72.0M | $551.6M | ||
| Q2 25 | $-300.1M | $598.4M | ||
| Q1 25 | $24.8M | — | ||
| Q4 24 | $862.1M | — | ||
| Q3 24 | $155.8M | — | ||
| Q2 24 | $-252.9M | — | ||
| Q1 24 | $35.5M | — |
自由现金流MATUHAL
| Q4 25 | — | $-447.6M | ||
| Q3 25 | — | $-446.3M | ||
| Q2 25 | — | $-318.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率MATUHAL
| Q4 25 | — | -31.6% | ||
| Q3 25 | — | -25.9% | ||
| Q2 25 | — | -137.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度MATUHAL
| Q4 25 | — | 48.6% | ||
| Q3 25 | — | 58.0% | ||
| Q2 25 | — | 395.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率MATUHAL
| Q4 25 | 7.50× | 6.51× | ||
| Q3 25 | 0.26× | 5.23× | ||
| Q2 25 | -5.62× | 4.20× | ||
| Q1 25 | — | — | ||
| 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% |
UHAL
| Long Term Contract With Customer | $1.2B | 82% |
| CA | $74.0M | 5% |
| Life Insurance | $56.2M | 4% |
| Accident And Health Insurance Segment | $49.8M | 4% |
| Investments Segment | $47.3M | 3% |
| Property And Casualty Insurance | $42.5M | 3% |
| Mercury | $1.6M | 0% |
