vs
美泰（MAT）与渥弗林（WWW）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渥弗林的1.7倍（$862.2M vs $517.5M），美泰净利率更高（7.1% vs 6.1%，领先0.9%），渥弗林同比增速更快（25.5% vs 4.3%），渥弗林自由现金流更多（$145.6M vs $-88.1M），过去两年渥弗林的营收复合增速更高（14.5% 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。
渥弗林是一家国际知名的鞋履、服饰及配饰设计、生产与销售企业，旗下拥有迈乐、斯佩里、索康尼、暇步士等多个知名品牌，覆盖户外休闲、日常穿搭、工装、运动等消费领域，产品通过线上线下渠道及批发网络销往全球。
MAT vs WWW — 直观对比
营收规模更大
MAT
是对方的1.7倍
$517.5M
营收增速更快
WWW
高出21.2%
4.3%
净利率更高
MAT
高出0.9%
6.1%
自由现金流更多
WWW
多$233.7M
$-88.1M
两年增速更快
WWW
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $517.5M |
| 净利润 | $61.0M | $31.8M |
| 毛利率 | 44.9% | 47.3% |
| 营业利润率 | — | 9.7% |
| 净利率 | 7.1% | 6.1% |
| 营收同比 | 4.3% | 25.5% |
| 净利润同比 | 251.4% | 162.8% |
| 每股收益（稀释后） | $0.20 | $0.37 |
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MATWWW
| Q1 26 | $862.2M | $517.5M | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | $470.3M | ||
| Q2 25 | $1.0B | $474.2M | ||
| Q1 25 | $826.6M | $412.3M | ||
| Q4 24 | $1.6B | $494.7M | ||
| Q3 24 | $1.8B | $440.2M | ||
| Q2 24 | $1.1B | $425.2M |
净利润MATWWW
| Q1 26 | $61.0M | $31.8M | ||
| Q4 25 | $106.2M | — | ||
| Q3 25 | $278.4M | $25.1M | ||
| Q2 25 | $53.4M | $26.8M | ||
| Q1 25 | $-40.3M | $12.1M | ||
| Q4 24 | $140.9M | $23.1M | ||
| Q3 24 | $372.4M | $23.2M | ||
| Q2 24 | $56.9M | $13.8M |
毛利率MATWWW
| Q1 26 | 44.9% | 47.3% | ||
| Q4 25 | 45.9% | — | ||
| Q3 25 | 50.0% | 47.5% | ||
| Q2 25 | 50.9% | 47.2% | ||
| Q1 25 | 49.4% | 47.2% | ||
| Q4 24 | 50.7% | 43.4% | ||
| Q3 24 | 53.1% | 45.1% | ||
| Q2 24 | 49.2% | 43.1% |
营业利润率MATWWW
| Q1 26 | — | 9.7% | ||
| Q4 25 | 8.0% | — | ||
| Q3 25 | 21.9% | 8.4% | ||
| Q2 25 | 7.7% | 8.6% | ||
| Q1 25 | -6.4% | 4.8% | ||
| Q4 24 | 9.6% | 7.4% | ||
| Q3 24 | 26.5% | 7.9% | ||
| Q2 24 | 7.7% | 6.8% |
净利率MATWWW
| Q1 26 | 7.1% | 6.1% | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 16.0% | 5.3% | ||
| Q2 25 | 5.2% | 5.7% | ||
| Q1 25 | -4.9% | 2.9% | ||
| Q4 24 | 8.6% | 4.7% | ||
| Q3 24 | 20.2% | 5.3% | ||
| Q2 24 | 5.3% | 3.2% |
每股收益（稀释后）MATWWW
| Q1 26 | $0.20 | $0.37 | ||
| Q4 25 | $0.32 | — | ||
| Q3 25 | $0.88 | $0.30 | ||
| Q2 25 | $0.16 | $0.32 | ||
| Q1 25 | $-0.12 | $0.15 | ||
| Q4 24 | $0.40 | $0.29 | ||
| Q3 24 | $1.09 | $0.28 | ||
| Q2 24 | $0.17 | $0.17 |
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 | $621.7M |
| 股东权益账面价值 | $2.1B | $408.0M |
| 总资产 | $6.3B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.11× | 1.52× |
8季度趋势，按日历期对齐
现金及短期投资MATWWW
| 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MATWWW
| Q1 26 | $2.3B | $621.7M | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | $676.4M | ||
| Q2 25 | $2.3B | $708.5M | ||
| Q1 25 | $2.3B | $710.8M | ||
| Q4 24 | $2.3B | $648.0M | ||
| Q3 24 | $2.3B | $702.8M | ||
| Q2 24 | $2.3B | $814.7M |
股东权益MATWWW
| Q1 26 | $2.1B | $408.0M | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.3B | $376.7M | ||
| Q2 25 | $2.2B | $344.0M | ||
| Q1 25 | $2.1B | $310.6M | ||
| Q4 24 | $2.3B | $312.9M | ||
| Q3 24 | $2.3B | $295.2M | ||
| Q2 24 | $2.0B | $262.1M |
总资产MATWWW
| Q1 26 | $6.3B | $1.7B | ||
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.6B | $1.7B | ||
| Q2 25 | $6.2B | $1.8B | ||
| Q1 25 | $6.2B | $1.7B | ||
| Q4 24 | $6.5B | $1.7B | ||
| Q3 24 | $6.5B | $1.8B | ||
| Q2 24 | $5.9B | $1.8B |
负债/权益比MATWWW
| Q1 26 | 1.11× | 1.52× | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.03× | 1.80× | ||
| Q2 25 | 1.08× | 2.06× | ||
| Q1 25 | 1.10× | 2.29× | ||
| Q4 24 | 1.03× | 2.07× | ||
| Q3 24 | 1.01× | 2.38× | ||
| Q2 24 | 1.18× | 3.11× |
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 | — | $146.2M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $145.6M |
| 自由现金流率自由现金流/营收 | -10.2% | 28.1% |
| 资本支出强度资本支出/营收 | 7.6% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 4.60× |
| 过去12个月自由现金流最近4个季度 | — | $125.5M |
8季度趋势，按日历期对齐
经营现金流MATWWW
| Q1 26 | — | $146.2M | ||
| Q4 25 | $796.6M | — | ||
| Q3 25 | $72.0M | $33.0M | ||
| Q2 25 | $-300.1M | $44.6M | ||
| Q1 25 | $24.8M | $-83.8M | ||
| Q4 24 | $862.1M | $82.4M | ||
| Q3 24 | $155.8M | $108.2M | ||
| Q2 24 | $-252.9M | $26.7M |
自由现金流MATWWW
| Q1 26 | $-88.1M | $145.6M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $30.1M | ||
| Q2 25 | — | $41.2M | ||
| Q1 25 | — | $-91.4M | ||
| Q4 24 | — | $74.4M | ||
| Q3 24 | — | $104.1M | ||
| Q2 24 | — | $23.7M |
自由现金流率MATWWW
| Q1 26 | -10.2% | 28.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | -22.2% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | — | 23.6% | ||
| Q2 24 | — | 5.6% |
资本支出强度MATWWW
| Q1 26 | 7.6% | 0.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.7% |
现金转化率MATWWW
| Q1 26 | — | 4.60× | ||
| Q4 25 | 7.50× | — | ||
| Q3 25 | 0.26× | 1.31× | ||
| Q2 25 | -5.62× | 1.66× | ||
| Q1 25 | — | -6.93× | ||
| Q4 24 | 6.12× | 3.57× | ||
| Q3 24 | 0.42× | 4.66× | ||
| Q2 24 | -4.45× | 1.93× |
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
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
