vs
美泰（MAT）与沃特世（WAT）财务数据对比。点击上方公司名可切换其他公司
沃特世的季度营收约是美泰的1.1倍（$932.4M vs $862.2M），沃特世净利率更高（24.2% vs 7.1%，领先17.1%），沃特世同比增速更快（6.8% vs 4.3%），过去两年沃特世的营收复合增速更高（21.0% 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。
沃特世是总部位于美国马萨诸塞州米尔福德的企业，面向生命科学、材料、食品等行业，提供色谱、质谱、实验室信息学、流变测量领域所用的分析仪器及配套软件，为各领域的检测、研发等工作提供可靠技术支持。
MAT vs WAT — 直观对比
营收规模更大
WAT
是对方的1.1倍
$862.2M
营收增速更快
WAT
高出2.5%
4.3%
净利率更高
WAT
高出17.1%
7.1%
两年增速更快
WAT
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $932.4M |
| 净利润 | $61.0M | $225.2M |
| 毛利率 | 44.9% | 61.1% |
| 营业利润率 | — | 29.0% |
| 净利率 | 7.1% | 24.2% |
| 营收同比 | 4.3% | 6.8% |
| 净利润同比 | 251.4% | -2.7% |
| 每股收益（稀释后） | $0.20 | $3.76 |
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MATWAT
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $932.4M | ||
| Q3 25 | $1.7B | $799.9M | ||
| Q2 25 | $1.0B | $771.3M | ||
| Q1 25 | $826.6M | $661.7M | ||
| Q4 24 | $1.6B | $872.7M | ||
| Q3 24 | $1.8B | $740.3M | ||
| Q2 24 | $1.1B | $708.5M |
净利润MATWAT
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $225.2M | ||
| Q3 25 | $278.4M | $148.9M | ||
| Q2 25 | $53.4M | $147.1M | ||
| Q1 25 | $-40.3M | $121.4M | ||
| Q4 24 | $140.9M | $231.4M | ||
| Q3 24 | $372.4M | $161.5M | ||
| Q2 24 | $56.9M | $142.7M |
毛利率MATWAT
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 61.1% | ||
| Q3 25 | 50.0% | 59.0% | ||
| Q2 25 | 50.9% | 58.3% | ||
| Q1 25 | 49.4% | 58.2% | ||
| Q4 24 | 50.7% | 60.1% | ||
| Q3 24 | 53.1% | 59.3% | ||
| Q2 24 | 49.2% | 59.3% |
营业利润率MATWAT
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 29.0% | ||
| Q3 25 | 21.9% | 24.0% | ||
| Q2 25 | 7.7% | 24.4% | ||
| Q1 25 | -6.4% | 22.9% | ||
| Q4 24 | 9.6% | 33.5% | ||
| Q3 24 | 26.5% | 28.5% | ||
| Q2 24 | 7.7% | 26.7% |
净利率MATWAT
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 24.2% | ||
| Q3 25 | 16.0% | 18.6% | ||
| Q2 25 | 5.2% | 19.1% | ||
| Q1 25 | -4.9% | 18.3% | ||
| Q4 24 | 8.6% | 26.5% | ||
| Q3 24 | 20.2% | 21.8% | ||
| Q2 24 | 5.3% | 20.1% |
每股收益（稀释后）MATWAT
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $3.76 | ||
| Q3 25 | $0.88 | $2.50 | ||
| Q2 25 | $0.16 | $2.47 | ||
| Q1 25 | $-0.12 | $2.03 | ||
| Q4 24 | $0.40 | $3.88 | ||
| Q3 24 | $1.09 | $2.71 | ||
| Q2 24 | $0.17 | $2.40 |
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 | $587.8M |
| 总债务越低越好 | $2.3B | $1.4B |
| 股东权益账面价值 | $2.1B | $2.6B |
| 总资产 | $6.3B | $5.1B |
| 负债/权益比越低杠杆越低 | 1.11× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资MATWAT
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $587.8M | ||
| Q3 25 | $691.9M | $459.1M | ||
| Q2 25 | $870.5M | $367.2M | ||
| Q1 25 | $1.2B | $382.9M | ||
| Q4 24 | $1.4B | $325.4M | ||
| Q3 24 | $723.5M | $331.5M | ||
| Q2 24 | $722.4M | $327.4M |
总债务MATWAT
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $1.6B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATWAT
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $2.6B | ||
| Q3 25 | $2.3B | $2.3B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $2.1B | $2.0B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.0B | $1.4B |
总资产MATWAT
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $5.1B | ||
| Q3 25 | $6.6B | $4.9B | ||
| Q2 25 | $6.2B | $4.7B | ||
| Q1 25 | $6.2B | $4.6B | ||
| Q4 24 | $6.5B | $4.6B | ||
| Q3 24 | $6.5B | $4.5B | ||
| Q2 24 | $5.9B | $4.4B |
负债/权益比MATWAT
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 0.55× | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | 0.89× | ||
| 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 | — | $164.6M |
| 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 | — | 0.73× |
| 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MATWAT
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $164.6M | ||
| Q3 25 | $72.0M | $187.3M | ||
| Q2 25 | $-300.1M | $41.1M | ||
| Q1 25 | $24.8M | $259.6M | ||
| Q4 24 | $862.1M | $240.1M | ||
| Q3 24 | $155.8M | $204.6M | ||
| Q2 24 | $-252.9M | $54.5M |
自由现金流MATWAT
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率MATWAT
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度MATWAT
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率MATWAT
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 0.73× | ||
| Q3 25 | 0.26× | 1.26× | ||
| Q2 25 | -5.62× | 0.28× | ||
| Q1 25 | — | 2.14× | ||
| Q4 24 | 6.12× | 1.04× | ||
| Q3 24 | 0.42× | 1.27× | ||
| Q2 24 | -4.45× | 0.38× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
