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美泰（MAT）与Williams-Sonoma, Inc.（WSM）财务数据对比。点击上方公司名可切换其他公司
Williams-Sonoma, Inc.的季度营收约是美泰的2.2倍（$1.9B vs $862.2M），Williams-Sonoma, Inc.净利率更高（12.8% vs 7.1%，领先5.8%），Williams-Sonoma, Inc.同比增速更快（4.6% vs 4.3%），Williams-Sonoma, Inc.自由现金流更多（$248.1M vs $-88.1M），过去两年Williams-Sonoma, Inc.的营收复合增速更高（-9.1% 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。
Williams-Sonoma, Inc.是美国知名家居零售企业，1956年由查尔斯·E·威廉姆斯创立，主营高品质炊具、家居家电、家居软装等多元品类产品，在家居消费领域拥有广泛的用户基础与较高的市场认可度。
MAT vs WSM — 直观对比
营收规模更大
WSM
是对方的2.2倍
$862.2M
营收增速更快
WSM
高出0.3%
4.3%
净利率更高
WSM
高出5.8%
7.1%
自由现金流更多
WSM
多$336.2M
$-88.1M
两年增速更快
WSM
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $1.9B |
| 净利润 | $61.0M | $241.6M |
| 毛利率 | 44.9% | 46.1% |
| 营业利润率 | — | 17.0% |
| 净利率 | 7.1% | 12.8% |
| 营收同比 | 4.3% | 4.6% |
| 净利润同比 | 251.4% | -3.0% |
| 每股收益（稀释后） | $0.20 | $1.96 |
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MATWSM
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $1.9B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $826.6M | $2.5B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.1B | $1.7B |
净利润MATWSM
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $241.6M | ||
| Q3 25 | $278.4M | $247.6M | ||
| Q2 25 | $53.4M | $231.3M | ||
| Q1 25 | $-40.3M | $384.9M | ||
| Q4 24 | $140.9M | $249.0M | ||
| Q3 24 | $372.4M | $225.7M | ||
| Q2 24 | $56.9M | $265.7M |
毛利率MATWSM
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 46.1% | ||
| Q3 25 | 50.0% | 47.1% | ||
| Q2 25 | 50.9% | 44.3% | ||
| Q1 25 | 49.4% | 45.2% | ||
| Q4 24 | 50.7% | 46.7% | ||
| Q3 24 | 53.1% | 46.2% | ||
| Q2 24 | 49.2% | 48.3% |
营业利润率MATWSM
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 17.0% | ||
| Q3 25 | 21.9% | 17.9% | ||
| Q2 25 | 7.7% | 16.8% | ||
| Q1 25 | -6.4% | 20.1% | ||
| Q4 24 | 9.6% | 17.8% | ||
| Q3 24 | 26.5% | 16.2% | ||
| Q2 24 | 7.7% | 19.5% |
净利率MATWSM
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 12.8% | ||
| Q3 25 | 16.0% | 13.5% | ||
| Q2 25 | 5.2% | 13.4% | ||
| Q1 25 | -4.9% | 15.6% | ||
| Q4 24 | 8.6% | 13.8% | ||
| Q3 24 | 20.2% | 12.6% | ||
| Q2 24 | 5.3% | 16.0% |
每股收益（稀释后）MATWSM
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $1.96 | ||
| Q3 25 | $0.88 | $2.00 | ||
| Q2 25 | $0.16 | $1.85 | ||
| Q1 25 | $-0.12 | $1.02 | ||
| Q4 24 | $0.40 | $1.96 | ||
| Q3 24 | $1.09 | $1.74 | ||
| Q2 24 | $0.17 | $4.07 |
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 | $884.7M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $2.1B |
| 总资产 | $6.3B | $5.3B |
| 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MATWSM
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $884.7M | ||
| Q3 25 | $691.9M | $985.8M | ||
| Q2 25 | $870.5M | $1.0B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.4B | $826.8M | ||
| Q3 24 | $723.5M | $1.3B | ||
| Q2 24 | $722.4M | $1.3B |
总债务MATWSM
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATWSM
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.3B | $2.1B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $2.1B | $2.1B | ||
| Q4 24 | $2.3B | $1.9B | ||
| Q3 24 | $2.3B | $2.3B | ||
| Q2 24 | $2.0B | $2.2B |
总资产MATWSM
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $5.3B | ||
| Q3 25 | $6.6B | $5.2B | ||
| Q2 25 | $6.2B | $5.2B | ||
| Q1 25 | $6.2B | $5.3B | ||
| Q4 24 | $6.5B | $5.0B | ||
| Q3 24 | $6.5B | $5.2B | ||
| Q2 24 | $5.9B | $5.2B |
负债/权益比MATWSM
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | — | ||
| 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 | — | $316.3M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $248.1M |
| 自由现金流率自由现金流/营收 | -10.2% | 13.2% |
| 资本支出强度资本支出/营收 | 7.6% | 3.6% |
| 现金转化率经营现金流/净利润 | — | 1.31× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流MATWSM
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $316.3M | ||
| Q3 25 | $72.0M | $282.7M | ||
| Q2 25 | $-300.1M | $118.9M | ||
| Q1 25 | $24.8M | $633.5M | ||
| Q4 24 | $862.1M | $253.5M | ||
| Q3 24 | $155.8M | $246.5M | ||
| Q2 24 | $-252.9M | $226.8M |
自由现金流MATWSM
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $248.1M | ||
| Q3 25 | — | $230.7M | ||
| Q2 25 | — | $60.7M | ||
| Q1 25 | — | $566.3M | ||
| Q4 24 | — | $170.1M | ||
| Q3 24 | — | $215.1M | ||
| Q2 24 | — | $187.3M |
自由现金流率MATWSM
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 11.3% |
资本支出强度MATWSM
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.4% |
现金转化率MATWSM
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 1.31× | ||
| Q3 25 | 0.26× | 1.14× | ||
| Q2 25 | -5.62× | 0.51× | ||
| Q1 25 | — | 1.65× | ||
| Q4 24 | 6.12× | 1.02× | ||
| Q3 24 | 0.42× | 1.09× | ||
| Q2 24 | -4.45× | 0.85× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
