vs
美泰（MAT）与WESTERN ALLIANCE BANCORPORATION（WAL）财务数据对比。点击上方公司名可切换其他公司
WESTERN ALLIANCE BANCORPORATION的季度营收约是美泰的1.2倍（$1.0B vs $862.2M），WESTERN ALLIANCE BANCORPORATION净利率更高（18.6% vs 7.1%，领先11.5%），WESTERN ALLIANCE BANCORPORATION同比增速更快（31.0% vs 4.3%），过去两年WESTERN ALLIANCE BANCORPORATION的营收复合增速更高（14.9% 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。
Western Alliance Bancorporation是总部位于美国菲尼克斯的区域性银行控股公司，长期深耕美国本土区域金融服务市场，目前已跻身美国最大银行行列，在福布斯发布的美国最佳银行榜单中排名第97位。
MAT vs WAL — 直观对比
营收规模更大
WAL
是对方的1.2倍
$862.2M
营收增速更快
WAL
高出26.7%
4.3%
净利率更高
WAL
高出11.5%
7.1%
两年增速更快
WAL
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $1.0B |
| 净利润 | $61.0M | $189.2M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | — |
| 净利率 | 7.1% | 18.6% |
| 营收同比 | 4.3% | 31.0% |
| 净利润同比 | 251.4% | -5.0% |
| 每股收益（稀释后） | $0.20 | $1.65 |
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MATWAL
| Q1 26 | $862.2M | $1.0B | ||
| Q4 25 | $1.8B | $980.9M | ||
| Q3 25 | $1.7B | $938.2M | ||
| Q2 25 | $1.0B | $845.9M | ||
| Q1 25 | $826.6M | $778.0M | ||
| Q4 24 | $1.6B | $838.4M | ||
| Q3 24 | $1.8B | $823.1M | ||
| Q2 24 | $1.1B | $771.8M |
净利润MATWAL
| Q1 26 | $61.0M | $189.2M | ||
| Q4 25 | $106.2M | $286.1M | ||
| Q3 25 | $278.4M | $253.4M | ||
| Q2 25 | $53.4M | $230.4M | ||
| Q1 25 | $-40.3M | $199.1M | ||
| Q4 24 | $140.9M | $216.9M | ||
| Q3 24 | $372.4M | $199.8M | ||
| Q2 24 | $56.9M | $193.6M |
毛利率MATWAL
| 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MATWAL
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 36.3% | ||
| Q3 25 | 21.9% | 33.4% | ||
| Q2 25 | 7.7% | 34.4% | ||
| Q1 25 | -6.4% | 31.7% | ||
| Q4 24 | 9.6% | 30.9% | ||
| Q3 24 | 26.5% | 30.6% | ||
| Q2 24 | 7.7% | 32.1% |
净利率MATWAL
| Q1 26 | 7.1% | 18.6% | ||
| Q4 25 | 6.0% | 29.2% | ||
| Q3 25 | 16.0% | 27.0% | ||
| Q2 25 | 5.2% | 27.2% | ||
| Q1 25 | -4.9% | 25.6% | ||
| Q4 24 | 8.6% | 25.9% | ||
| Q3 24 | 20.2% | 24.3% | ||
| Q2 24 | 5.3% | 25.1% |
每股收益（稀释后）MATWAL
| Q1 26 | $0.20 | $1.65 | ||
| Q4 25 | $0.32 | $2.59 | ||
| Q3 25 | $0.88 | $2.28 | ||
| Q2 25 | $0.16 | $2.07 | ||
| Q1 25 | $-0.12 | $1.79 | ||
| Q4 24 | $0.40 | $1.94 | ||
| Q3 24 | $1.09 | $1.80 | ||
| Q2 24 | $0.17 | $1.75 |
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 | — |
| 总债务越低越好 | $2.3B | $4.3B |
| 股东权益账面价值 | $2.1B | $7.9B |
| 总资产 | $6.3B | $98.9B |
| 负债/权益比越低杠杆越低 | 1.11× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资MATWAL
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $691.9M | — | ||
| Q2 25 | $870.5M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $723.5M | — | ||
| Q2 24 | $722.4M | — |
总债务MATWAL
| Q1 26 | $2.3B | $4.3B | ||
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $2.3B | $2.9B | ||
| Q2 25 | $2.3B | $2.9B | ||
| Q1 25 | $2.3B | $1.6B | ||
| Q4 24 | $2.3B | $2.4B | ||
| Q3 24 | $2.3B | $1.4B | ||
| Q2 24 | $2.3B | $436.0M |
股东权益MATWAL
| Q1 26 | $2.1B | $7.9B | ||
| Q4 25 | $2.2B | $7.7B | ||
| Q3 25 | $2.3B | $7.4B | ||
| Q2 25 | $2.2B | $7.1B | ||
| Q1 25 | $2.1B | $6.9B | ||
| Q4 24 | $2.3B | $6.7B | ||
| Q3 24 | $2.3B | $6.7B | ||
| Q2 24 | $2.0B | $6.3B |
总资产MATWAL
| Q1 26 | $6.3B | $98.9B | ||
| Q4 25 | $6.6B | $92.8B | ||
| Q3 25 | $6.6B | $91.0B | ||
| Q2 25 | $6.2B | $86.7B | ||
| Q1 25 | $6.2B | $83.0B | ||
| Q4 24 | $6.5B | $80.9B | ||
| Q3 24 | $6.5B | $80.1B | ||
| Q2 24 | $5.9B | $80.6B |
负债/权益比MATWAL
| Q1 26 | 1.11× | 0.54× | ||
| Q4 25 | 1.04× | 0.18× | ||
| Q3 25 | 1.03× | 0.39× | ||
| Q2 25 | 1.08× | 0.41× | ||
| Q1 25 | 1.10× | 0.23× | ||
| Q4 24 | 1.03× | 0.36× | ||
| Q3 24 | 1.01× | 0.21× | ||
| Q2 24 | 1.18× | 0.07× |
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% | — |
| 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MATWAL
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $-2.7B | ||
| Q3 25 | $72.0M | $-597.4M | ||
| Q2 25 | $-300.1M | $-357.7M | ||
| Q1 25 | $24.8M | $-1.7B | ||
| Q4 24 | $862.1M | $-2.7B | ||
| Q3 24 | $155.8M | $-1.1B | ||
| Q2 24 | $-252.9M | $-745.8M |
自由现金流MATWAL
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率MATWAL
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度MATWAL
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率MATWAL
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | -9.36× | ||
| Q3 25 | 0.26× | -2.36× | ||
| Q2 25 | -5.62× | -1.55× | ||
| Q1 25 | — | -8.31× | ||
| Q4 24 | 6.12× | -12.64× | ||
| Q3 24 | 0.42× | -5.35× | ||
| Q2 24 | -4.45× | -3.85× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
