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美森（MATX）与Nextpower Inc.（NXT）财务数据对比。点击上方公司名可切换其他公司
Nextpower Inc.的季度营收约是美森的1.1倍（$909.4M vs $851.9M），美森净利率更高（16.8% vs 14.4%，领先2.4%），Nextpower Inc.同比增速更快（33.9% vs -4.3%），Nextpower Inc.自由现金流更多（$118.5M vs $42.2M），过去两年Nextpower Inc.的营收复合增速更高（11.1% 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。
Nextpower Inc（股票代码：NXT）是一家总部位于美国加利福尼亚州弗里蒙特市的全球化能源科技企业，专注于为全球市场提供先进的能源技术解决方案及相关服务，业务覆盖全球多个国家和地区，在能源技术领域拥有较强的技术积累与市场竞争力。
MATX vs NXT — 直观对比
营收规模更大
NXT
是对方的1.1倍
$851.9M
营收增速更快
NXT
高出38.2%
-4.3%
净利率更高
MATX
高出2.4%
14.4%
自由现金流更多
NXT
多$76.3M
$42.2M
两年增速更快
NXT
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $909.4M |
| 净利润 | $143.1M | $131.2M |
| 毛利率 | — | 31.7% |
| 营业利润率 | 16.9% | 19.4% |
| 净利率 | 16.8% | 14.4% |
| 营收同比 | -4.3% | 33.9% |
| 净利润同比 | 11.8% | 13.8% |
| 每股收益（稀释后） | $4.47 | $0.85 |
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MATXNXT
| Q4 25 | $851.9M | $909.4M | ||
| Q3 25 | $880.1M | $905.3M | ||
| Q2 25 | $830.5M | $864.3M | ||
| Q1 25 | $782.0M | $924.3M | ||
| Q4 24 | $890.3M | $679.4M | ||
| Q3 24 | $962.0M | $635.6M | ||
| Q2 24 | $847.4M | $719.9M | ||
| Q1 24 | $722.1M | $736.5M |
净利润MATXNXT
| Q4 25 | $143.1M | $131.2M | ||
| Q3 25 | $134.7M | $146.9M | ||
| Q2 25 | $94.7M | $157.2M | ||
| Q1 25 | $72.3M | $156.8M | ||
| Q4 24 | $128.0M | $115.3M | ||
| Q3 24 | $199.1M | $115.4M | ||
| Q2 24 | $113.2M | $121.7M | ||
| Q1 24 | $36.1M | $205.2M |
毛利率MATXNXT
| Q4 25 | — | 31.7% | ||
| Q3 25 | — | 32.4% | ||
| Q2 25 | — | 32.6% | ||
| Q1 25 | — | 33.1% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 35.4% | ||
| Q2 24 | — | 33.0% | ||
| Q1 24 | — | 46.2% |
营业利润率MATXNXT
| Q4 25 | 16.9% | 19.4% | ||
| Q3 25 | 18.3% | 20.0% | ||
| Q2 25 | 13.6% | 21.5% | ||
| Q1 25 | 10.5% | 21.1% | ||
| Q4 24 | 16.6% | 22.1% | ||
| Q3 24 | 25.2% | 21.0% | ||
| Q2 24 | 14.7% | 22.2% | ||
| Q1 24 | 5.1% | 36.8% |
净利率MATXNXT
| Q4 25 | 16.8% | 14.4% | ||
| Q3 25 | 15.3% | 16.2% | ||
| Q2 25 | 11.4% | 18.2% | ||
| Q1 25 | 9.2% | 17.0% | ||
| Q4 24 | 14.4% | 17.0% | ||
| Q3 24 | 20.7% | 18.2% | ||
| Q2 24 | 13.4% | 16.9% | ||
| Q1 24 | 5.0% | 27.9% |
每股收益（稀释后）MATXNXT
| Q4 25 | $4.47 | $0.85 | ||
| Q3 25 | $4.24 | $0.97 | ||
| Q2 25 | $2.92 | $1.04 | ||
| Q1 25 | $2.18 | $1.05 | ||
| Q4 24 | $3.69 | $0.79 | ||
| Q3 24 | $5.89 | $0.79 | ||
| Q2 24 | $3.31 | $0.84 | ||
| Q1 24 | $1.04 | $1.52 |
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 | $952.6M |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $2.2B |
| 总资产 | $4.6B | $3.8B |
| 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MATXNXT
| Q4 25 | $141.9M | $952.6M | ||
| Q3 25 | $92.7M | $845.3M | ||
| Q2 25 | $59.1M | $743.4M | ||
| Q1 25 | $122.0M | $766.1M | ||
| Q4 24 | $266.8M | $693.5M | ||
| Q3 24 | $270.3M | $561.9M | ||
| Q2 24 | $168.2M | $471.9M | ||
| Q1 24 | $25.9M | $474.1M |
总债务MATXNXT
| 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MATXNXT
| Q4 25 | $2.8B | $2.2B | ||
| Q3 25 | $2.7B | $2.0B | ||
| Q2 25 | $2.6B | $1.8B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.7B | $1.4B | ||
| Q3 24 | $2.6B | $1.3B | ||
| Q2 24 | $2.4B | $1.1B | ||
| Q1 24 | $2.4B | $961.0M |
总资产MATXNXT
| Q4 25 | $4.6B | $3.8B | ||
| Q3 25 | $4.6B | $3.7B | ||
| Q2 25 | $4.5B | $3.4B | ||
| Q1 25 | $4.5B | $3.2B | ||
| Q4 24 | $4.6B | $3.0B | ||
| Q3 24 | $4.4B | $2.8B | ||
| Q2 24 | $4.3B | $2.6B | ||
| Q1 24 | $4.2B | $2.5B |
负债/权益比MATXNXT
| 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 | $123.3M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $118.5M |
| 自由现金流率自由现金流/营收 | 5.0% | 13.0% |
| 资本支出强度资本支出/营收 | 15.8% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.24× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $153.7M | $587.3M |
8季度趋势，按日历期对齐
经营现金流MATXNXT
| Q4 25 | $176.9M | $123.3M | ||
| Q3 25 | $175.6M | $186.9M | ||
| Q2 25 | $105.6M | $81.3M | ||
| Q1 25 | $89.0M | $237.3M | ||
| Q4 24 | $174.7M | $143.8M | ||
| Q3 24 | $248.6M | $153.8M | ||
| Q2 24 | $307.9M | $120.8M | ||
| Q1 24 | $36.6M | $111.5M |
自由现金流MATXNXT
| Q4 25 | $42.2M | $118.5M | ||
| Q3 25 | $92.4M | $171.4M | ||
| Q2 25 | $19.3M | $70.1M | ||
| Q1 25 | $-200.0K | $227.2M | ||
| Q4 24 | $49.3M | $134.9M | ||
| Q3 24 | $189.0M | $141.8M | ||
| Q2 24 | $238.1M | $118.0M | ||
| Q1 24 | $-18.7M | $109.2M |
自由现金流率MATXNXT
| Q4 25 | 5.0% | 13.0% | ||
| Q3 25 | 10.5% | 18.9% | ||
| Q2 25 | 2.3% | 8.1% | ||
| Q1 25 | -0.0% | 24.6% | ||
| Q4 24 | 5.5% | 19.9% | ||
| Q3 24 | 19.6% | 22.3% | ||
| Q2 24 | 28.1% | 16.4% | ||
| Q1 24 | -2.6% | 14.8% |
资本支出强度MATXNXT
| Q4 25 | 15.8% | 0.5% | ||
| Q3 25 | 9.5% | 1.7% | ||
| Q2 25 | 10.4% | 1.3% | ||
| Q1 25 | 11.4% | 1.1% | ||
| Q4 24 | 14.1% | 1.3% | ||
| Q3 24 | 6.2% | 1.9% | ||
| Q2 24 | 8.2% | 0.4% | ||
| Q1 24 | 7.7% | 0.3% |
现金转化率MATXNXT
| Q4 25 | 1.24× | 0.94× | ||
| Q3 25 | 1.30× | 1.27× | ||
| Q2 25 | 1.12× | 0.52× | ||
| Q1 25 | 1.23× | 1.51× | ||
| Q4 24 | 1.36× | 1.25× | ||
| Q3 24 | 1.25× | 1.33× | ||
| Q2 24 | 2.72× | 0.99× | ||
| Q1 24 | 1.01× | 0.54× |
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% |
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
