vs
美森（MATX）与Realty Income（O）财务数据对比。点击上方公司名可切换其他公司
Realty Income的季度营收约是美森的1.8倍（$1.5B vs $851.9M），Realty Income净利率更高（20.7% vs 16.8%，领先3.9%），Realty Income同比增速更快（12.2% vs -4.3%），过去两年美森的营收复合增速更高（8.6% vs 7.5%）
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。
Realty Income是一家房地产投资信托企业，投资范围覆盖美国、英国及欧洲其他六个国家的独立单租户商业地产，旗下物业普遍采用三重净租约模式。公司注册地为美国马里兰州，总部位于加利福尼亚州圣迭戈市。
MATX vs O — 直观对比
营收规模更大
O
是对方的1.8倍
$851.9M
营收增速更快
O
高出16.5%
-4.3%
净利率更高
O
高出3.9%
16.8%
两年增速更快
MATX
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $1.5B |
| 净利润 | $143.1M | $320.9M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | — |
| 净利率 | 16.8% | 20.7% |
| 营收同比 | -4.3% | 12.2% |
| 净利润同比 | 11.8% | 27.6% |
| 每股收益（稀释后） | $4.47 | $0.33 |
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MATXO
| Q1 26 | — | $1.5B | ||
| Q4 25 | $851.9M | $1.5B | ||
| Q3 25 | $880.1M | $1.5B | ||
| Q2 25 | $830.5M | $1.4B | ||
| Q1 25 | $782.0M | $1.4B | ||
| Q4 24 | $890.3M | $1.3B | ||
| Q3 24 | $962.0M | $1.3B | ||
| Q2 24 | $847.4M | $1.3B |
净利润MATXO
| Q1 26 | — | $320.9M | ||
| Q4 25 | $143.1M | $296.1M | ||
| Q3 25 | $134.7M | $315.8M | ||
| Q2 25 | $94.7M | $196.9M | ||
| Q1 25 | $72.3M | $249.8M | ||
| Q4 24 | $128.0M | $199.6M | ||
| Q3 24 | $199.1M | $269.5M | ||
| Q2 24 | $113.2M | $259.4M |
营业利润率MATXO
| Q1 26 | — | — | ||
| Q4 25 | 16.9% | 21.7% | ||
| Q3 25 | 18.3% | 23.2% | ||
| Q2 25 | 13.6% | 15.8% | ||
| Q1 25 | 10.5% | 19.3% | ||
| Q4 24 | 16.6% | 16.5% | ||
| Q3 24 | 25.2% | 21.5% | ||
| Q2 24 | 14.7% | 20.7% |
净利率MATXO
| Q1 26 | — | 20.7% | ||
| Q4 25 | 16.8% | 19.9% | ||
| Q3 25 | 15.3% | 21.5% | ||
| Q2 25 | 11.4% | 14.0% | ||
| Q1 25 | 9.2% | 18.1% | ||
| Q4 24 | 14.4% | 14.9% | ||
| Q3 24 | 20.7% | 20.2% | ||
| Q2 24 | 13.4% | 19.4% |
每股收益（稀释后）MATXO
| Q1 26 | — | $0.33 | ||
| Q4 25 | $4.47 | $0.32 | ||
| Q3 25 | $4.24 | $0.35 | ||
| Q2 25 | $2.92 | $0.22 | ||
| Q1 25 | $2.18 | $0.28 | ||
| Q4 24 | $3.69 | $0.23 | ||
| Q3 24 | $5.89 | $0.30 | ||
| Q2 24 | $3.31 | $0.29 |
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 | $388.4M |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $39.1B |
| 总资产 | $4.6B | $74.6B |
| 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MATXO
| Q1 26 | — | $388.4M | ||
| Q4 25 | $141.9M | $434.8M | ||
| Q3 25 | $92.7M | $417.2M | ||
| Q2 25 | $59.1M | $800.4M | ||
| Q1 25 | $122.0M | $319.0M | ||
| Q4 24 | $266.8M | $445.0M | ||
| Q3 24 | $270.3M | $397.0M | ||
| Q2 24 | $168.2M | $442.8M |
总债务MATXO
| Q1 26 | — | — | ||
| 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 | — |
股东权益MATXO
| Q1 26 | — | $39.1B | ||
| Q4 25 | $2.8B | $39.4B | ||
| Q3 25 | $2.7B | $39.1B | ||
| Q2 25 | $2.6B | $39.2B | ||
| Q1 25 | $2.6B | $39.0B | ||
| Q4 24 | $2.7B | $38.8B | ||
| Q3 24 | $2.6B | $38.5B | ||
| Q2 24 | $2.4B | $38.6B |
总资产MATXO
| Q1 26 | — | $74.6B | ||
| Q4 25 | $4.6B | $72.8B | ||
| Q3 25 | $4.6B | $71.3B | ||
| Q2 25 | $4.5B | $71.4B | ||
| Q1 25 | $4.5B | $69.8B | ||
| Q4 24 | $4.6B | $68.8B | ||
| Q3 24 | $4.4B | $68.5B | ||
| Q2 24 | $4.3B | $68.1B |
负债/权益比MATXO
| Q1 26 | — | — | ||
| 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× | — |
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 | $874.5M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | — |
| 自由现金流率自由现金流/营收 | 5.0% | — |
| 资本支出强度资本支出/营收 | 15.8% | 0.0% |
| 现金转化率经营现金流/净利润 | 1.24× | 2.72× |
| 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MATXO
| Q1 26 | — | $874.5M | ||
| Q4 25 | $176.9M | $1.2B | ||
| Q3 25 | $175.6M | $943.1M | ||
| Q2 25 | $105.6M | $1.1B | ||
| Q1 25 | $89.0M | $787.5M | ||
| Q4 24 | $174.7M | $972.0M | ||
| Q3 24 | $248.6M | $841.5M | ||
| Q2 24 | $307.9M | $981.2M |
自由现金流MATXO
| Q1 26 | — | — | ||
| Q4 25 | $42.2M | $1.2B | ||
| Q3 25 | $92.4M | $909.9M | ||
| Q2 25 | $19.3M | $1.0B | ||
| Q1 25 | $-200.0K | $764.6M | ||
| Q4 24 | $49.3M | $935.8M | ||
| Q3 24 | $189.0M | $807.9M | ||
| Q2 24 | $238.1M | $939.2M |
自由现金流率MATXO
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 77.6% | ||
| Q3 25 | 10.5% | 61.9% | ||
| Q2 25 | 2.3% | 73.3% | ||
| Q1 25 | -0.0% | 55.4% | ||
| Q4 24 | 5.5% | 69.8% | ||
| Q3 24 | 19.6% | 60.7% | ||
| Q2 24 | 28.1% | 70.1% |
资本支出强度MATXO
| Q1 26 | — | 0.0% | ||
| Q4 25 | 15.8% | 3.3% | ||
| Q3 25 | 9.5% | 2.3% | ||
| Q2 25 | 10.4% | 1.9% | ||
| Q1 25 | 11.4% | 1.7% | ||
| Q4 24 | 14.1% | 2.7% | ||
| Q3 24 | 6.2% | 2.5% | ||
| Q2 24 | 8.2% | 3.1% |
现金转化率MATXO
| Q1 26 | — | 2.72× | ||
| Q4 25 | 1.24× | 4.06× | ||
| Q3 25 | 1.30× | 2.99× | ||
| Q2 25 | 1.12× | 5.39× | ||
| Q1 25 | 1.23× | 3.15× | ||
| Q4 24 | 1.36× | 4.87× | ||
| Q3 24 | 1.25× | 3.12× | ||
| Q2 24 | 2.72× | 3.78× |
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% |
O
| Rental (including reimbursements) (1) | $1.4B | 93% |
| Other | $107.9M | 7% |
