vs
美泰（MAT）与Wendy's Co（WEN）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Wendy's Co的1.6倍（$862.2M vs $523.5M），Wendy's Co净利率更高（7.5% vs 7.1%，领先0.4%），美泰同比增速更快（4.3% vs -3.2%），Wendy's Co自由现金流更多（$68.0M vs $-88.1M），过去两年Wendy's Co的营收复合增速更高（-4.2% 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。
温蒂公司是美国知名快餐企业，是温蒂汉堡及First Kitchen的母公司，前身为Deisel-Wemmer公司，总部位于俄亥俄州都柏林。旗下核心子公司温蒂国际是温蒂汉堡餐厅的特许经营授权方，在全球快餐市场拥有较高的品牌辨识度。
MAT vs WEN — 直观对比
营收规模更大
MAT
是对方的1.6倍
$523.5M
营收增速更快
MAT
高出7.5%
-3.2%
净利率更高
WEN
高出0.4%
7.1%
自由现金流更多
WEN
多$156.1M
$-88.1M
两年增速更快
WEN
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $523.5M |
| 净利润 | $61.0M | $39.2M |
| 毛利率 | 44.9% | 64.1% |
| 营业利润率 | — | 15.9% |
| 净利率 | 7.1% | 7.5% |
| 营收同比 | 4.3% | -3.2% |
| 净利润同比 | 251.4% | 72.7% |
| 每股收益（稀释后） | $0.20 | $0.19 |
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MATWEN
| Q1 26 | $862.2M | $523.5M | ||
| Q4 25 | $1.8B | $543.0M | ||
| Q3 25 | $1.7B | $549.5M | ||
| Q2 25 | $1.0B | $560.9M | ||
| Q1 25 | $826.6M | $523.5M | ||
| Q4 24 | $1.6B | $574.3M | ||
| Q3 24 | $1.8B | $566.7M | ||
| Q2 24 | $1.1B | $570.7M |
净利润MATWEN
| Q1 26 | $61.0M | $39.2M | ||
| Q4 25 | $106.2M | $26.5M | ||
| Q3 25 | $278.4M | $44.3M | ||
| Q2 25 | $53.4M | $55.1M | ||
| Q1 25 | $-40.3M | $39.2M | ||
| Q4 24 | $140.9M | $47.5M | ||
| Q3 24 | $372.4M | $50.2M | ||
| Q2 24 | $56.9M | $54.6M |
毛利率MATWEN
| Q1 26 | 44.9% | 64.1% | ||
| Q4 25 | 45.9% | 62.7% | ||
| Q3 25 | 50.0% | 62.8% | ||
| Q2 25 | 50.9% | 65.0% | ||
| Q1 25 | 49.4% | 64.1% | ||
| Q4 24 | 50.7% | 65.9% | ||
| Q3 24 | 53.1% | 65.5% | ||
| Q2 24 | 49.2% | 65.0% |
营业利润率MATWEN
| Q1 26 | — | 15.9% | ||
| Q4 25 | 8.0% | 11.8% | ||
| Q3 25 | 21.9% | 16.8% | ||
| Q2 25 | 7.7% | 18.6% | ||
| Q1 25 | -6.4% | 15.9% | ||
| Q4 24 | 9.6% | 16.7% | ||
| Q3 24 | 26.5% | 16.7% | ||
| Q2 24 | 7.7% | 17.4% |
净利率MATWEN
| Q1 26 | 7.1% | 7.5% | ||
| Q4 25 | 6.0% | 4.9% | ||
| Q3 25 | 16.0% | 8.1% | ||
| Q2 25 | 5.2% | 9.8% | ||
| Q1 25 | -4.9% | 7.5% | ||
| Q4 24 | 8.6% | 8.3% | ||
| Q3 24 | 20.2% | 8.9% | ||
| Q2 24 | 5.3% | 9.6% |
每股收益（稀释后）MATWEN
| Q1 26 | $0.20 | $0.19 | ||
| Q4 25 | $0.32 | $0.14 | ||
| Q3 25 | $0.88 | $0.23 | ||
| Q2 25 | $0.16 | $0.29 | ||
| Q1 25 | $-0.12 | $0.19 | ||
| Q4 24 | $0.40 | $0.23 | ||
| Q3 24 | $1.09 | $0.25 | ||
| Q2 24 | $0.17 | $0.27 |
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 | $300.8M |
| 总债务越低越好 | $2.3B | $2.8B |
| 股东权益账面价值 | $2.1B | $117.4M |
| 总资产 | $6.3B | $5.0B |
| 负债/权益比越低杠杆越低 | 1.11× | 23.51× |
8季度趋势，按日历期对齐
现金及短期投资MATWEN
| Q1 26 | $866.0M | $300.8M | ||
| Q4 25 | $1.2B | $300.8M | ||
| Q3 25 | $691.9M | $291.4M | ||
| Q2 25 | $870.5M | $281.2M | ||
| Q1 25 | $1.2B | $335.3M | ||
| Q4 24 | $1.4B | $450.5M | ||
| Q3 24 | $723.5M | $482.2M | ||
| Q2 24 | $722.4M | $465.5M |
总债务MATWEN
| Q1 26 | $2.3B | $2.8B | ||
| Q4 25 | $2.3B | $2.8B | ||
| Q3 25 | $2.3B | $2.7B | ||
| Q2 25 | $2.3B | $2.7B | ||
| Q1 25 | $2.3B | $2.7B | ||
| Q4 24 | $2.3B | $2.7B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATWEN
| Q1 26 | $2.1B | $117.4M | ||
| Q4 25 | $2.2B | $117.4M | ||
| Q3 25 | $2.3B | $109.2M | ||
| Q2 25 | $2.2B | $112.9M | ||
| Q1 25 | $2.1B | $130.2M | ||
| Q4 24 | $2.3B | $259.4M | ||
| Q3 24 | $2.3B | $259.9M | ||
| Q2 24 | $2.0B | $273.8M |
总资产MATWEN
| Q1 26 | $6.3B | $5.0B | ||
| Q4 25 | $6.6B | $5.0B | ||
| Q3 25 | $6.6B | $5.0B | ||
| Q2 25 | $6.2B | $4.9B | ||
| Q1 25 | $6.2B | $4.9B | ||
| Q4 24 | $6.5B | $5.0B | ||
| Q3 24 | $6.5B | $5.1B | ||
| Q2 24 | $5.9B | $5.1B |
负债/权益比MATWEN
| Q1 26 | 1.11× | 23.51× | ||
| Q4 25 | 1.04× | 23.51× | ||
| Q3 25 | 1.03× | 24.95× | ||
| Q2 25 | 1.08× | 24.18× | ||
| Q1 25 | 1.10× | 21.00× | ||
| Q4 24 | 1.03× | 10.57× | ||
| 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 | — | $85.4M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $68.0M |
| 自由现金流率自由现金流/营收 | -10.2% | 13.0% |
| 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 | — | 2.18× |
| 过去12个月自由现金流最近4个季度 | — | $242.9M |
8季度趋势，按日历期对齐
经营现金流MATWEN
| Q1 26 | — | $85.4M | ||
| Q4 25 | $796.6M | $69.3M | ||
| Q3 25 | $72.0M | $129.3M | ||
| Q2 25 | $-300.1M | $60.6M | ||
| Q1 25 | $24.8M | $85.4M | ||
| Q4 24 | $862.1M | $68.6M | ||
| Q3 24 | $155.8M | $141.2M | ||
| Q2 24 | $-252.9M | $45.5M |
自由现金流MATWEN
| Q1 26 | $-88.1M | $68.0M | ||
| Q4 25 | — | $31.4M | ||
| Q3 25 | — | $104.3M | ||
| Q2 25 | — | $39.2M | ||
| Q1 25 | — | $67.7M | ||
| Q4 24 | — | $26.6M | ||
| Q3 24 | — | $123.3M | ||
| Q2 24 | — | $28.4M |
自由现金流率MATWEN
| Q1 26 | -10.2% | 13.0% | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 19.0% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | 12.9% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 5.0% |
资本支出强度MATWEN
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 3.0% |
现金转化率MATWEN
| Q1 26 | — | 2.18× | ||
| Q4 25 | 7.50× | 2.62× | ||
| Q3 25 | 0.26× | 2.92× | ||
| Q2 25 | -5.62× | 1.10× | ||
| Q1 25 | — | 2.18× | ||
| Q4 24 | 6.12× | 1.44× | ||
| Q3 24 | 0.42× | 2.81× | ||
| Q2 24 | -4.45× | 0.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
