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美泰（MAT）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的1.1倍（$862.2M vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 7.1%，领先21.6%），Ubiquiti Inc.同比增速更快（35.8% vs 4.3%），Ubiquiti Inc.自由现金流更多（$260.3M vs $-88.1M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
MAT vs UI — 直观对比
营收规模更大
MAT
是对方的1.1倍
$814.9M
营收增速更快
UI
高出31.5%
4.3%
净利率更高
UI
高出21.6%
7.1%
自由现金流更多
UI
多$348.4M
$-88.1M
两年增速更快
UI
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $814.9M |
| 净利润 | $61.0M | $233.6M |
| 毛利率 | 44.9% | 45.9% |
| 营业利润率 | — | 35.9% |
| 净利率 | 7.1% | 28.7% |
| 营收同比 | 4.3% | 35.8% |
| 净利润同比 | 251.4% | 70.8% |
| 每股收益（稀释后） | $0.20 | $3.86 |
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MATUI
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $814.9M | ||
| Q3 25 | $1.7B | $733.8M | ||
| Q2 25 | $1.0B | $759.2M | ||
| Q1 25 | $826.6M | $664.2M | ||
| Q4 24 | $1.6B | $599.9M | ||
| Q3 24 | $1.8B | $550.3M | ||
| Q2 24 | $1.1B | $507.5M |
净利润MATUI
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $233.6M | ||
| Q3 25 | $278.4M | $207.9M | ||
| Q2 25 | $53.4M | $266.7M | ||
| Q1 25 | $-40.3M | $180.4M | ||
| Q4 24 | $140.9M | $136.8M | ||
| Q3 24 | $372.4M | $128.0M | ||
| Q2 24 | $56.9M | $103.8M |
毛利率MATUI
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 45.9% | ||
| Q3 25 | 50.0% | 46.0% | ||
| Q2 25 | 50.9% | 45.1% | ||
| Q1 25 | 49.4% | 44.5% | ||
| Q4 24 | 50.7% | 41.2% | ||
| Q3 24 | 53.1% | 42.1% | ||
| Q2 24 | 49.2% | 40.2% |
营业利润率MATUI
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 35.9% | ||
| Q3 25 | 21.9% | 35.7% | ||
| Q2 25 | 7.7% | 34.4% | ||
| Q1 25 | -6.4% | 34.2% | ||
| Q4 24 | 9.6% | 29.8% | ||
| Q3 24 | 26.5% | 30.7% | ||
| Q2 24 | 7.7% | 27.3% |
净利率MATUI
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 28.7% | ||
| Q3 25 | 16.0% | 28.3% | ||
| Q2 25 | 5.2% | 35.1% | ||
| Q1 25 | -4.9% | 27.2% | ||
| Q4 24 | 8.6% | 22.8% | ||
| Q3 24 | 20.2% | 23.3% | ||
| Q2 24 | 5.3% | 20.5% |
每股收益（稀释后）MATUI
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $3.86 | ||
| Q3 25 | $0.88 | $3.43 | ||
| Q2 25 | $0.16 | $4.40 | ||
| Q1 25 | $-0.12 | $2.98 | ||
| Q4 24 | $0.40 | $2.26 | ||
| Q3 24 | $1.09 | $2.12 | ||
| Q2 24 | $0.17 | $1.72 |
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 | $302.8M |
| 总债务越低越好 | $2.3B | $47.5M |
| 股东权益账面价值 | $2.1B | $1.0B |
| 总资产 | $6.3B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.11× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资MATUI
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $302.8M | ||
| Q3 25 | $691.9M | $177.2M | ||
| Q2 25 | $870.5M | $149.7M | ||
| Q1 25 | $1.2B | $151.0M | ||
| Q4 24 | $1.4B | $133.1M | ||
| Q3 24 | $723.5M | $165.2M | ||
| Q2 24 | $722.4M | $126.3M |
总债务MATUI
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $47.5M | ||
| Q3 25 | $2.3B | $133.8M | ||
| Q2 25 | $2.3B | $250.0M | ||
| Q1 25 | $2.3B | $340.0M | ||
| Q4 24 | $2.3B | $406.3M | ||
| Q3 24 | $2.3B | $552.5M | ||
| Q2 24 | $2.3B | $708.1M |
股东权益MATUI
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $1.0B | ||
| Q3 25 | $2.3B | $828.4M | ||
| Q2 25 | $2.2B | $668.3M | ||
| Q1 25 | $2.1B | $436.1M | ||
| Q4 24 | $2.3B | $290.4M | ||
| Q3 24 | $2.3B | $188.1M | ||
| Q2 24 | $2.0B | $95.1M |
总资产MATUI
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $1.6B | ||
| Q3 25 | $6.6B | $1.5B | ||
| Q2 25 | $6.2B | $1.5B | ||
| Q1 25 | $6.2B | $1.3B | ||
| Q4 24 | $6.5B | $1.2B | ||
| Q3 24 | $6.5B | $1.2B | ||
| Q2 24 | $5.9B | $1.2B |
负债/权益比MATUI
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 0.05× | ||
| Q3 25 | 1.03× | 0.16× | ||
| Q2 25 | 1.08× | 0.37× | ||
| Q1 25 | 1.10× | 0.78× | ||
| Q4 24 | 1.03× | 1.40× | ||
| Q3 24 | 1.01× | 2.94× | ||
| Q2 24 | 1.18× | 7.45× |
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 | — | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $260.3M |
| 自由现金流率自由现金流/营收 | -10.2% | 31.9% |
| 资本支出强度资本支出/营收 | 7.6% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $699.5M |
8季度趋势，按日历期对齐
经营现金流MATUI
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $263.9M | ||
| Q3 25 | $72.0M | $198.5M | ||
| Q2 25 | $-300.1M | $130.4M | ||
| Q1 25 | $24.8M | $123.6M | ||
| Q4 24 | $862.1M | $152.4M | ||
| Q3 24 | $155.8M | $233.7M | ||
| Q2 24 | $-252.9M | $231.4M |
自由现金流MATUI
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $260.3M | ||
| Q3 25 | — | $193.3M | ||
| Q2 25 | — | $125.2M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | — | $150.4M | ||
| Q3 24 | — | $231.1M | ||
| Q2 24 | — | $229.5M |
自由现金流率MATUI
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 31.9% | ||
| Q3 25 | — | 26.3% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 18.2% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | — | 42.0% | ||
| Q2 24 | — | 45.2% |
资本支出强度MATUI
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% |
现金转化率MATUI
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 1.13× | ||
| Q3 25 | 0.26× | 0.95× | ||
| Q2 25 | -5.62× | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | 6.12× | 1.11× | ||
| Q3 24 | 0.42× | 1.83× | ||
| Q2 24 | -4.45× | 2.23× |
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
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
