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美泰（MAT）与VORNADO REALTY TRUST（VNO）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VORNADO REALTY TRUST的1.9倍（$862.2M vs $459.1M），美泰净利率更高（7.1% vs -5.0%，领先12.1%），美泰同比增速更快（4.3% vs -0.5%），过去两年VORNADO REALTY TRUST的营收复合增速更高（1.0% 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。
Vornado Realty Trust是1982年于美国马里兰州注册成立的房地产投资信托，总部设立在纽约市，核心业务为投资曼哈顿核心区域的优质写字楼及临街零售商业地产，是纽约当地颇具影响力的商业地产投资运营机构。
MAT vs VNO — 直观对比
营收规模更大
MAT
是对方的1.9倍
$459.1M
营收增速更快
MAT
高出4.8%
-0.5%
净利率更高
MAT
高出12.1%
-5.0%
两年增速更快
VNO
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $459.1M |
| 净利润 | $61.0M | $-22.8M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | — |
| 净利率 | 7.1% | -5.0% |
| 营收同比 | 4.3% | -0.5% |
| 净利润同比 | 251.4% | 689.3% |
| 每股收益（稀释后） | $0.20 | — |
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MATVNO
| Q1 26 | $862.2M | $459.1M | ||
| Q4 25 | $1.8B | $453.7M | ||
| Q3 25 | $1.7B | $453.7M | ||
| Q2 25 | $1.0B | $441.4M | ||
| Q1 25 | $826.6M | $461.6M | ||
| Q4 24 | $1.6B | $457.8M | ||
| Q3 24 | $1.8B | $443.3M | ||
| Q2 24 | $1.1B | $450.3M |
净利润MATVNO
| Q1 26 | $61.0M | $-22.8M | ||
| Q4 25 | $106.2M | $4.9M | ||
| Q3 25 | $278.4M | $27.1M | ||
| Q2 25 | $53.4M | $759.3M | ||
| Q1 25 | $-40.3M | $102.4M | ||
| Q4 24 | $140.9M | $5.8M | ||
| Q3 24 | $372.4M | $-3.6M | ||
| Q2 24 | $56.9M | $50.8M |
毛利率MATVNO
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | — | ||
| Q3 25 | 50.0% | — | ||
| Q2 25 | 50.9% | — | ||
| Q1 25 | 49.4% | — | ||
| Q4 24 | 50.7% | — | ||
| Q3 24 | 53.1% | — | ||
| Q2 24 | 49.2% | — |
营业利润率MATVNO
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 2.8% | ||
| Q3 25 | 21.9% | 3.0% | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | -6.4% | 23.2% | ||
| Q4 24 | 9.6% | 2.5% | ||
| Q3 24 | 26.5% | -3.3% | ||
| Q2 24 | 7.7% | 10.1% |
净利率MATVNO
| Q1 26 | 7.1% | -5.0% | ||
| Q4 25 | 6.0% | 1.1% | ||
| Q3 25 | 16.0% | 6.0% | ||
| Q2 25 | 5.2% | 172.0% | ||
| Q1 25 | -4.9% | 22.2% | ||
| Q4 24 | 8.6% | 1.3% | ||
| Q3 24 | 20.2% | -0.8% | ||
| Q2 24 | 5.3% | 11.3% |
每股收益（稀释后）MATVNO
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $0.01 | ||
| Q3 25 | $0.88 | $0.06 | ||
| Q2 25 | $0.16 | $3.70 | ||
| Q1 25 | $-0.12 | $0.43 | ||
| Q4 24 | $0.40 | $0.01 | ||
| Q3 24 | $1.09 | $-0.10 | ||
| Q2 24 | $0.17 | $0.18 |
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 | $1.1B |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $6.0B |
| 总资产 | $6.3B | $15.9B |
| 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MATVNO
| Q1 26 | $866.0M | $1.1B | ||
| Q4 25 | $1.2B | $840.9M | ||
| Q3 25 | $691.9M | $1.0B | ||
| Q2 25 | $870.5M | $1.2B | ||
| Q1 25 | $1.2B | $568.9M | ||
| Q4 24 | $1.4B | $733.9M | ||
| Q3 24 | $723.5M | $783.6M | ||
| Q2 24 | $722.4M | $872.6M |
总债务MATVNO
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $2.3B | ||
| Q3 25 | $2.3B | $2.3B | ||
| Q2 25 | $2.3B | $2.1B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $2.3B | $2.6B | ||
| Q2 24 | $2.3B | $2.6B |
股东权益MATVNO
| Q1 26 | $2.1B | $6.0B | ||
| Q4 25 | $2.2B | $6.0B | ||
| Q3 25 | $2.3B | $6.1B | ||
| Q2 25 | $2.2B | $6.1B | ||
| Q1 25 | $2.1B | $5.3B | ||
| Q4 24 | $2.3B | $5.2B | ||
| Q3 24 | $2.3B | $5.3B | ||
| Q2 24 | $2.0B | $5.6B |
总资产MATVNO
| Q1 26 | $6.3B | $15.9B | ||
| Q4 25 | $6.6B | $15.5B | ||
| Q3 25 | $6.6B | $15.7B | ||
| Q2 25 | $6.2B | $15.6B | ||
| Q1 25 | $6.2B | $15.6B | ||
| Q4 24 | $6.5B | $16.0B | ||
| Q3 24 | $6.5B | $16.1B | ||
| Q2 24 | $5.9B | $16.2B |
负债/权益比MATVNO
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 0.38× | ||
| Q3 25 | 1.03× | 0.37× | ||
| Q2 25 | 1.08× | 0.35× | ||
| Q1 25 | 1.10× | 0.40× | ||
| Q4 24 | 1.03× | 0.50× | ||
| Q3 24 | 1.01× | 0.49× | ||
| Q2 24 | 1.18× | 0.46× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | — |
| 自由现金流率自由现金流/营收 | -10.2% | — |
| 资本支出强度资本支出/营收 | 7.6% | 3.7% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流MATVNO
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $1.3B | ||
| Q3 25 | $72.0M | $33.2M | ||
| Q2 25 | $-300.1M | $1.0B | ||
| Q1 25 | $24.8M | $52.0M | ||
| Q4 24 | $862.1M | $537.7M | ||
| Q3 24 | $155.8M | $105.4M | ||
| Q2 24 | $-252.9M | $194.7M |
自由现金流MATVNO
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率MATVNO
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度MATVNO
| Q1 26 | 7.6% | 3.7% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率MATVNO
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 256.08× | ||
| Q3 25 | 0.26× | 1.22× | ||
| Q2 25 | -5.62× | 1.35× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | 6.12× | 93.39× | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | -4.45× | 3.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
