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美森（MATX）与MSC INDUSTRIAL DIRECT CO INC（MSM）财务数据对比。点击上方公司名可切换其他公司
MSC INDUSTRIAL DIRECT CO INC的季度营收约是美森的1.1倍（$965.7M vs $851.9M），美森净利率更高（16.8% vs 5.4%，领先11.4%），MSC INDUSTRIAL DIRECT CO INC同比增速更快（4.0% vs -4.3%），美森自由现金流更多（$42.2M vs $7.4M），过去两年美森的营收复合增速更高（8.6% vs -3.4%）
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
MATX vs MSM — 直观对比
营收规模更大
MSM
是对方的1.1倍
$851.9M
营收增速更快
MSM
高出8.3%
-4.3%
净利率更高
MATX
高出11.4%
5.4%
自由现金流更多
MATX
多$34.8M
$7.4M
两年增速更快
MATX
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $965.7M |
| 净利润 | $143.1M | $51.8M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 16.9% | 7.9% |
| 净利率 | 16.8% | 5.4% |
| 营收同比 | -4.3% | 4.0% |
| 净利润同比 | 11.8% | 11.1% |
| 每股收益（稀释后） | $4.47 | $0.93 |
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MATXMSM
| Q4 25 | $851.9M | $965.7M | ||
| Q3 25 | $880.1M | $978.2M | ||
| Q2 25 | $830.5M | $971.1M | ||
| Q1 25 | $782.0M | — | ||
| Q4 24 | $890.3M | $928.5M | ||
| Q3 24 | $962.0M | — | ||
| Q2 24 | $847.4M | $979.4M | ||
| Q1 24 | $722.1M | $935.3M |
净利润MATXMSM
| Q4 25 | $143.1M | $51.8M | ||
| Q3 25 | $134.7M | $56.5M | ||
| Q2 25 | $94.7M | $56.8M | ||
| Q1 25 | $72.3M | — | ||
| Q4 24 | $128.0M | $46.6M | ||
| Q3 24 | $199.1M | — | ||
| Q2 24 | $113.2M | $71.7M | ||
| Q1 24 | $36.1M | $61.8M |
毛利率MATXMSM
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 40.4% | ||
| Q2 25 | — | 41.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 40.9% | ||
| Q1 24 | — | 41.5% |
营业利润率MATXMSM
| Q4 25 | 16.9% | 7.9% | ||
| Q3 25 | 18.3% | 8.6% | ||
| Q2 25 | 13.6% | 8.5% | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 16.6% | 7.8% | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 14.7% | 10.9% | ||
| Q1 24 | 5.1% | 9.7% |
净利率MATXMSM
| Q4 25 | 16.8% | 5.4% | ||
| Q3 25 | 15.3% | 5.8% | ||
| Q2 25 | 11.4% | 5.9% | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 14.4% | 5.0% | ||
| Q3 24 | 20.7% | — | ||
| Q2 24 | 13.4% | 7.3% | ||
| Q1 24 | 5.0% | 6.6% |
每股收益（稀释后）MATXMSM
| Q4 25 | $4.47 | $0.93 | ||
| Q3 25 | $4.24 | $1.02 | ||
| Q2 25 | $2.92 | $1.02 | ||
| Q1 25 | $2.18 | — | ||
| Q4 24 | $3.69 | $0.83 | ||
| Q3 24 | $5.89 | — | ||
| Q2 24 | $3.31 | $1.27 | ||
| Q1 24 | $1.04 | $1.10 |
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 | $141.9M | $40.3M |
| 总债务越低越好 | $361.2M | $214.1M |
| 股东权益账面价值 | $2.8B | $1.4B |
| 总资产 | $4.6B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.13× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资MATXMSM
| Q4 25 | $141.9M | $40.3M | ||
| Q3 25 | $92.7M | $56.2M | ||
| Q2 25 | $59.1M | $71.7M | ||
| Q1 25 | $122.0M | — | ||
| Q4 24 | $266.8M | $57.3M | ||
| Q3 24 | $270.3M | — | ||
| Q2 24 | $168.2M | $25.9M | ||
| Q1 24 | $25.9M | $22.2M |
总债务MATXMSM
| Q4 25 | $361.2M | $214.1M | ||
| Q3 25 | $370.9M | $168.8M | ||
| Q2 25 | $341.3M | $285.0M | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | $289.9M | ||
| Q3 24 | $370.9M | — | ||
| Q2 24 | $381.0M | $299.8M | ||
| Q1 24 | $390.8M | $294.5M |
股东权益MATXMSM
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.7B | $1.4B | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.4B | $1.4B | ||
| Q1 24 | $2.4B | $1.4B |
总资产MATXMSM
| Q4 25 | $4.6B | $2.5B | ||
| Q3 25 | $4.6B | $2.5B | ||
| Q2 25 | $4.5B | $2.5B | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.6B | $2.5B | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.3B | $2.5B | ||
| Q1 24 | $4.2B | $2.5B |
负债/权益比MATXMSM
| Q4 25 | 0.13× | 0.16× | ||
| Q3 25 | 0.14× | 0.12× | ||
| Q2 25 | 0.13× | 0.21× | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | 0.21× | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | 0.16× | 0.21× | ||
| Q1 24 | 0.16× | 0.21× |
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 | $176.9M | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $7.4M |
| 自由现金流率自由现金流/营收 | 5.0% | 0.8% |
| 资本支出强度资本支出/营收 | 15.8% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.24× | 0.57× |
| 过去12个月自由现金流最近4个季度 | $153.7M | — |
8季度趋势，按日历期对齐
经营现金流MATXMSM
| Q4 25 | $176.9M | $29.4M | ||
| Q3 25 | $175.6M | — | ||
| Q2 25 | $105.6M | $151.6M | ||
| Q1 25 | $89.0M | — | ||
| Q4 24 | $174.7M | $101.9M | ||
| Q3 24 | $248.6M | — | ||
| Q2 24 | $307.9M | $143.5M | ||
| Q1 24 | $36.6M | $78.7M |
自由现金流MATXMSM
| Q4 25 | $42.2M | $7.4M | ||
| Q3 25 | $92.4M | — | ||
| Q2 25 | $19.3M | $100.7M | ||
| Q1 25 | $-200.0K | — | ||
| Q4 24 | $49.3M | $81.7M | ||
| Q3 24 | $189.0M | — | ||
| Q2 24 | $238.1M | $114.0M | ||
| Q1 24 | $-18.7M | $53.4M |
自由现金流率MATXMSM
| Q4 25 | 5.0% | 0.8% | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 2.3% | 10.4% | ||
| Q1 25 | -0.0% | — | ||
| Q4 24 | 5.5% | 8.8% | ||
| Q3 24 | 19.6% | — | ||
| Q2 24 | 28.1% | 11.6% | ||
| Q1 24 | -2.6% | 5.7% |
资本支出强度MATXMSM
| Q4 25 | 15.8% | 2.3% | ||
| Q3 25 | 9.5% | — | ||
| Q2 25 | 10.4% | 5.2% | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 14.1% | 2.2% | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 8.2% | 3.0% | ||
| Q1 24 | 7.7% | 2.7% |
现金转化率MATXMSM
| Q4 25 | 1.24× | 0.57× | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.12× | 2.67× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.36× | 2.18× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 2.72× | 2.00× | ||
| Q1 24 | 1.01× | 1.27× |
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
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
MSM
暂无分部数据
