vs
美泰（MAT）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
Welltower的季度营收约是美泰的3.9倍（$3.4B vs $862.2M），Welltower净利率更高（22.4% vs 7.1%，领先15.4%），Welltower同比增速更快（38.3% vs 4.3%），过去两年Welltower的营收复合增速更高（55.1% 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。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
MAT vs WELL — 直观对比
营收规模更大
WELL
是对方的3.9倍
$862.2M
营收增速更快
WELL
高出34.0%
4.3%
净利率更高
WELL
高出15.4%
7.1%
两年增速更快
WELL
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $3.4B |
| 净利润 | $61.0M | $752.3M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | — |
| 净利率 | 7.1% | 22.4% |
| 营收同比 | 4.3% | 38.3% |
| 净利润同比 | 251.4% | 192.4% |
| 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MATWELL
| Q1 26 | $862.2M | $3.4B | ||
| Q4 25 | $1.8B | $2.6B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.0B | $2.0B | ||
| Q1 25 | $826.6M | $1.9B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.1B | $1.4B |
净利润MATWELL
| Q1 26 | $61.0M | $752.3M | ||
| Q4 25 | $106.2M | $117.8M | ||
| Q3 25 | $278.4M | $282.2M | ||
| Q2 25 | $53.4M | $304.6M | ||
| Q1 25 | $-40.3M | $257.3M | ||
| Q4 24 | $140.9M | $123.8M | ||
| Q3 24 | $372.4M | $456.8M | ||
| Q2 24 | $56.9M | $260.7M |
毛利率MATWELL
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 24.3% | ||
| Q3 25 | 50.0% | 23.5% | ||
| Q2 25 | 50.9% | 23.2% | ||
| Q1 25 | 49.4% | 21.6% | ||
| Q4 24 | 50.7% | 20.0% | ||
| Q3 24 | 53.1% | 19.8% | ||
| Q2 24 | 49.2% | 20.2% |
营业利润率MATWELL
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | — | ||
| Q3 25 | 21.9% | 14.2% | ||
| Q2 25 | 7.7% | 15.1% | ||
| Q1 25 | -6.4% | 10.7% | ||
| Q4 24 | 9.6% | 6.2% | ||
| Q3 24 | 26.5% | 12.2% | ||
| Q2 24 | 7.7% | 6.5% |
净利率MATWELL
| Q1 26 | 7.1% | 22.4% | ||
| Q4 25 | 6.0% | 4.6% | ||
| Q3 25 | 16.0% | 13.7% | ||
| Q2 25 | 5.2% | 15.5% | ||
| Q1 25 | -4.9% | 13.8% | ||
| Q4 24 | 8.6% | 7.0% | ||
| Q3 24 | 20.2% | 30.2% | ||
| Q2 24 | 5.3% | 18.7% |
每股收益（稀释后）MATWELL
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $0.13 | ||
| Q3 25 | $0.88 | $0.41 | ||
| Q2 25 | $0.16 | $0.45 | ||
| Q1 25 | $-0.12 | $0.40 | ||
| Q4 24 | $0.40 | $0.20 | ||
| Q3 24 | $1.09 | $0.73 | ||
| Q2 24 | $0.17 | $0.42 |
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 | $4.7B |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $44.7B |
| 总资产 | $6.3B | $67.2B |
| 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MATWELL
| Q1 26 | $866.0M | $4.7B | ||
| Q4 25 | $1.2B | $5.0B | ||
| Q3 25 | $691.9M | $6.8B | ||
| Q2 25 | $870.5M | $4.4B | ||
| Q1 25 | $1.2B | $3.5B | ||
| Q4 24 | $1.4B | $3.5B | ||
| Q3 24 | $723.5M | $3.6B | ||
| Q2 24 | $722.4M | $2.8B |
总债务MATWELL
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $19.2B | ||
| Q3 25 | $2.3B | $16.9B | ||
| Q2 25 | $2.3B | $16.0B | ||
| Q1 25 | $2.3B | $15.7B | ||
| Q4 24 | $2.3B | $15.5B | ||
| Q3 24 | $2.3B | $15.8B | ||
| Q2 24 | $2.3B | $13.9B |
股东权益MATWELL
| Q1 26 | $2.1B | $44.7B | ||
| Q4 25 | $2.2B | $42.1B | ||
| Q3 25 | $2.3B | $38.8B | ||
| Q2 25 | $2.2B | $35.9B | ||
| Q1 25 | $2.1B | $34.0B | ||
| Q4 24 | $2.3B | $32.0B | ||
| Q3 24 | $2.3B | $30.3B | ||
| Q2 24 | $2.0B | $29.0B |
总资产MATWELL
| Q1 26 | $6.3B | $67.2B | ||
| Q4 25 | $6.6B | $67.3B | ||
| Q3 25 | $6.6B | $59.5B | ||
| Q2 25 | $6.2B | $55.8B | ||
| Q1 25 | $6.2B | $53.3B | ||
| Q4 24 | $6.5B | $51.0B | ||
| Q3 24 | $6.5B | $49.0B | ||
| Q2 24 | $5.9B | $45.5B |
负债/权益比MATWELL
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 0.46× | ||
| Q3 25 | 1.03× | 0.43× | ||
| Q2 25 | 1.08× | 0.44× | ||
| Q1 25 | 1.10× | 0.46× | ||
| Q4 24 | 1.03× | 0.49× | ||
| Q3 24 | 1.01× | 0.52× | ||
| Q2 24 | 1.18× | 0.48× |
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MATWELL
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $654.3M | ||
| Q3 25 | $72.0M | $858.4M | ||
| Q2 25 | $-300.1M | $770.0M | ||
| Q1 25 | $24.8M | $599.0M | ||
| Q4 24 | $862.1M | $559.2M | ||
| Q3 24 | $155.8M | $685.0M | ||
| Q2 24 | $-252.9M | $605.4M |
自由现金流MATWELL
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $340.4M | ||
| Q3 25 | — | $595.3M | ||
| Q2 25 | — | $537.2M | ||
| Q1 25 | — | $358.6M | ||
| Q4 24 | — | $240.4M | ||
| Q3 24 | — | $443.8M | ||
| Q2 24 | — | $440.3M |
自由现金流率MATWELL
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 13.3% | ||
| Q3 25 | — | 28.9% | ||
| Q2 25 | — | 27.3% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 31.6% |
资本支出强度MATWELL
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 12.3% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 12.9% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 16.0% | ||
| Q2 24 | — | 11.8% |
现金转化率MATWELL
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 5.56× | ||
| Q3 25 | 0.26× | 3.04× | ||
| Q2 25 | -5.62× | 2.53× | ||
| Q1 25 | — | 2.33× | ||
| Q4 24 | 6.12× | 4.52× | ||
| Q3 24 | 0.42× | 1.50× | ||
| Q2 24 | -4.45× | 2.32× |
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
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
