vs
美森（MATX）与巴诺书店（NE）财务数据对比。点击上方公司名可切换其他公司
美森的季度营收约是巴诺书店的1.1倍（$851.9M vs $764.4M），美森净利率更高（16.8% vs 11.3%，领先5.5%），美森同比增速更快（-4.3% vs -17.6%），美森自由现金流更多（$42.2M vs $35.4M），过去两年巴诺书店的营收复合增速更高（9.5% vs 8.6%）
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。
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
MATX vs NE — 直观对比
营收规模更大
MATX
是对方的1.1倍
$764.4M
营收增速更快
MATX
高出13.3%
-17.6%
净利率更高
MATX
高出5.5%
11.3%
自由现金流更多
MATX
多$6.8M
$35.4M
两年增速更快
NE
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $764.4M |
| 净利润 | $143.1M | $86.6M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 5.6% |
| 净利率 | 16.8% | 11.3% |
| 营收同比 | -4.3% | -17.6% |
| 净利润同比 | 11.8% | -10.4% |
| 每股收益（稀释后） | $4.47 | $0.54 |
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MATXNE
| Q4 25 | $851.9M | $764.4M | ||
| Q3 25 | $880.1M | $798.0M | ||
| Q2 25 | $830.5M | $848.7M | ||
| Q1 25 | $782.0M | $874.5M | ||
| Q4 24 | $890.3M | $927.3M | ||
| Q3 24 | $962.0M | $800.5M | ||
| Q2 24 | $847.4M | $692.8M | ||
| Q1 24 | $722.1M | $637.1M |
净利润MATXNE
| Q4 25 | $143.1M | $86.6M | ||
| Q3 25 | $134.7M | $-21.1M | ||
| Q2 25 | $94.7M | $42.9M | ||
| Q1 25 | $72.3M | $108.3M | ||
| Q4 24 | $128.0M | $96.6M | ||
| Q3 24 | $199.1M | $61.2M | ||
| Q2 24 | $113.2M | $195.0M | ||
| Q1 24 | $36.1M | $95.5M |
营业利润率MATXNE
| Q4 25 | 16.9% | 5.6% | ||
| Q3 25 | 18.3% | 6.3% | ||
| Q2 25 | 13.6% | 15.9% | ||
| Q1 25 | 10.5% | 21.4% | ||
| Q4 24 | 16.6% | 18.4% | ||
| Q3 24 | 25.2% | 14.4% | ||
| Q2 24 | 14.7% | 30.3% | ||
| Q1 24 | 5.1% | 16.9% |
净利率MATXNE
| Q4 25 | 16.8% | 11.3% | ||
| Q3 25 | 15.3% | -2.6% | ||
| Q2 25 | 11.4% | 5.1% | ||
| Q1 25 | 9.2% | 12.4% | ||
| Q4 24 | 14.4% | 10.4% | ||
| Q3 24 | 20.7% | 7.6% | ||
| Q2 24 | 13.4% | 28.1% | ||
| Q1 24 | 5.0% | 15.0% |
每股收益（稀释后）MATXNE
| Q4 25 | $4.47 | $0.54 | ||
| Q3 25 | $4.24 | $-0.13 | ||
| Q2 25 | $2.92 | $0.27 | ||
| Q1 25 | $2.18 | $0.67 | ||
| Q4 24 | $3.69 | $0.56 | ||
| Q3 24 | $5.89 | $0.40 | ||
| Q2 24 | $3.31 | $1.34 | ||
| Q1 24 | $1.04 | $0.66 |
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 | $471.4M |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $4.5B |
| 总资产 | $4.6B | $7.5B |
| 负债/权益比越低杠杆越低 | 0.13× | — |
8季度趋势，按日历期对齐
现金及短期投资MATXNE
| Q4 25 | $141.9M | $471.4M | ||
| Q3 25 | $92.7M | $477.9M | ||
| Q2 25 | $59.1M | $338.2M | ||
| Q1 25 | $122.0M | $303.8M | ||
| Q4 24 | $266.8M | $247.3M | ||
| Q3 24 | $270.3M | $391.9M | ||
| Q2 24 | $168.2M | $162.9M | ||
| Q1 24 | $25.9M | $212.5M |
总债务MATXNE
| Q4 25 | $361.2M | — | ||
| Q3 25 | $370.9M | — | ||
| Q2 25 | $341.3M | — | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | — | ||
| Q3 24 | $370.9M | — | ||
| Q2 24 | $381.0M | — | ||
| Q1 24 | $390.8M | — |
股东权益MATXNE
| Q4 25 | $2.8B | $4.5B | ||
| Q3 25 | $2.7B | $4.5B | ||
| Q2 25 | $2.6B | $4.6B | ||
| Q1 25 | $2.6B | $4.7B | ||
| Q4 24 | $2.7B | $4.7B | ||
| Q3 24 | $2.6B | $4.7B | ||
| Q2 24 | $2.4B | $4.0B | ||
| Q1 24 | $2.4B | $3.9B |
总资产MATXNE
| Q4 25 | $4.6B | $7.5B | ||
| Q3 25 | $4.6B | $7.6B | ||
| Q2 25 | $4.5B | $7.7B | ||
| Q1 25 | $4.5B | $7.9B | ||
| Q4 24 | $4.6B | $8.0B | ||
| Q3 24 | $4.4B | $8.0B | ||
| Q2 24 | $4.3B | $5.6B | ||
| Q1 24 | $4.2B | $5.4B |
负债/权益比MATXNE
| Q4 25 | 0.13× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | 0.16× | — | ||
| Q1 24 | 0.16× | — |
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 | $187.1M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $35.4M |
| 自由现金流率自由现金流/营收 | 5.0% | 4.6% |
| 资本支出强度资本支出/营收 | 15.8% | 19.9% |
| 现金转化率经营现金流/净利润 | 1.24× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $153.7M | $432.2M |
8季度趋势，按日历期对齐
经营现金流MATXNE
| Q4 25 | $176.9M | $187.1M | ||
| Q3 25 | $175.6M | $277.1M | ||
| Q2 25 | $105.6M | $216.4M | ||
| Q1 25 | $89.0M | $271.1M | ||
| Q4 24 | $174.7M | $136.2M | ||
| Q3 24 | $248.6M | $283.8M | ||
| Q2 24 | $307.9M | $106.8M | ||
| Q1 24 | $36.6M | $128.7M |
自由现金流MATXNE
| Q4 25 | $42.2M | $35.4M | ||
| Q3 25 | $92.4M | $139.5M | ||
| Q2 25 | $19.3M | $99.8M | ||
| Q1 25 | $-200.0K | $157.5M | ||
| Q4 24 | $49.3M | $-4.4M | ||
| Q3 24 | $189.0M | $156.8M | ||
| Q2 24 | $238.1M | $-34.3M | ||
| Q1 24 | $-18.7M | $-37.9M |
自由现金流率MATXNE
| Q4 25 | 5.0% | 4.6% | ||
| Q3 25 | 10.5% | 17.5% | ||
| Q2 25 | 2.3% | 11.8% | ||
| Q1 25 | -0.0% | 18.0% | ||
| Q4 24 | 5.5% | -0.5% | ||
| Q3 24 | 19.6% | 19.6% | ||
| Q2 24 | 28.1% | -4.9% | ||
| Q1 24 | -2.6% | -6.0% |
资本支出强度MATXNE
| Q4 25 | 15.8% | 19.9% | ||
| Q3 25 | 9.5% | 17.3% | ||
| Q2 25 | 10.4% | 13.7% | ||
| Q1 25 | 11.4% | 13.0% | ||
| Q4 24 | 14.1% | 15.2% | ||
| Q3 24 | 6.2% | 15.9% | ||
| Q2 24 | 8.2% | 20.4% | ||
| Q1 24 | 7.7% | 26.2% |
现金转化率MATXNE
| Q4 25 | 1.24× | 2.16× | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.12× | 5.05× | ||
| Q1 25 | 1.23× | 2.50× | ||
| Q4 24 | 1.36× | 1.41× | ||
| Q3 24 | 1.25× | 4.64× | ||
| Q2 24 | 2.72× | 0.55× | ||
| Q1 24 | 1.01× | 1.35× |
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% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
