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美森（MATX）与OGE ENERGY CORP.（OGE）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OGE ENERGY CORP.的1.1倍（$851.9M vs $752.6M），美森净利率更高（16.8% vs 6.7%，领先10.1%），OGE ENERGY CORP.同比增速更快（0.7% vs -4.3%），过去两年美森的营收复合增速更高（8.6% vs 8.1%）
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。
OGE能源集团是一家受监管的公用电力企业，核心子公司俄克拉荷马燃气电力公司为俄克拉荷马州及阿肯色州超84.3万用户提供服务，覆盖俄克拉荷马城大都会区150万居民，总部设于俄克拉荷马城市中心。集团原旗下天然气管道业务Enogex于2013年与CenterPoint Energy的中游业务合并组建为Enable Midstream。
MATX vs OGE — 直观对比
营收规模更大
MATX
是对方的1.1倍
$752.6M
营收增速更快
OGE
高出5.0%
-4.3%
净利率更高
MATX
高出10.1%
6.7%
两年增速更快
MATX
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $752.6M |
| 净利润 | $143.1M | $50.2M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 15.0% |
| 净利率 | 16.8% | 6.7% |
| 营收同比 | -4.3% | 0.7% |
| 净利润同比 | 11.8% | -19.9% |
| 每股收益（稀释后） | $4.47 | — |
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MATXOGE
| Q1 26 | — | $752.6M | ||
| Q4 25 | $851.9M | $701.7M | ||
| Q3 25 | $880.1M | $1.0B | ||
| Q2 25 | $830.5M | $719.7M | ||
| Q1 25 | $782.0M | $741.1M | ||
| Q4 24 | $890.3M | $744.7M | ||
| Q3 24 | $962.0M | $945.2M | ||
| Q2 24 | $847.4M | $644.1M |
净利润MATXOGE
| Q1 26 | — | $50.2M | ||
| Q4 25 | $143.1M | $69.2M | ||
| Q3 25 | $134.7M | $231.3M | ||
| Q2 25 | $94.7M | $107.5M | ||
| Q1 25 | $72.3M | $62.7M | ||
| Q4 24 | $128.0M | $101.9M | ||
| Q3 24 | $199.1M | $218.7M | ||
| Q2 24 | $113.2M | $102.3M |
毛利率MATXOGE
| Q1 26 | — | — | ||
| Q4 25 | — | 59.2% | ||
| Q3 25 | — | 62.2% | ||
| Q2 25 | — | 63.7% | ||
| Q1 25 | — | 56.3% | ||
| Q4 24 | — | 59.7% | ||
| Q3 24 | — | 63.0% | ||
| Q2 24 | — | 69.9% |
营业利润率MATXOGE
| Q1 26 | — | 15.0% | ||
| Q4 25 | 16.9% | 19.7% | ||
| Q3 25 | 18.3% | 33.2% | ||
| Q2 25 | 13.6% | 25.9% | ||
| Q1 25 | 10.5% | 18.0% | ||
| Q4 24 | 16.6% | 24.5% | ||
| Q3 24 | 25.2% | 33.1% | ||
| Q2 24 | 14.7% | 27.3% |
净利率MATXOGE
| Q1 26 | — | 6.7% | ||
| Q4 25 | 16.8% | 9.9% | ||
| Q3 25 | 15.3% | 22.5% | ||
| Q2 25 | 11.4% | 14.9% | ||
| Q1 25 | 9.2% | 8.5% | ||
| Q4 24 | 14.4% | 13.7% | ||
| Q3 24 | 20.7% | 23.1% | ||
| Q2 24 | 13.4% | 15.9% |
每股收益（稀释后）MATXOGE
| Q1 26 | — | — | ||
| Q4 25 | $4.47 | $0.34 | ||
| Q3 25 | $4.24 | $1.14 | ||
| Q2 25 | $2.92 | $0.53 | ||
| Q1 25 | $2.18 | $0.31 | ||
| Q4 24 | $3.69 | $0.50 | ||
| Q3 24 | $5.89 | $1.09 | ||
| Q2 24 | $3.31 | $0.51 |
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 | — |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | — |
| 总资产 | $4.6B | — |
| 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MATXOGE
| Q1 26 | — | — | ||
| Q4 25 | $141.9M | $200.0K | ||
| Q3 25 | $92.7M | $300.0K | ||
| Q2 25 | $59.1M | $500.0K | ||
| Q1 25 | $122.0M | $26.9M | ||
| Q4 24 | $266.8M | $600.0K | ||
| Q3 24 | $270.3M | $9.9M | ||
| Q2 24 | $168.2M | $100.0K |
总债务MATXOGE
| Q1 26 | — | — | ||
| Q4 25 | $361.2M | $5.4B | ||
| Q3 25 | $370.9M | — | ||
| Q2 25 | $341.3M | — | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | $5.1B | ||
| Q3 24 | $370.9M | — | ||
| Q2 24 | $381.0M | — |
股东权益MATXOGE
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $5.0B | ||
| Q3 25 | $2.7B | $4.8B | ||
| Q2 25 | $2.6B | $4.6B | ||
| Q1 25 | $2.6B | $4.6B | ||
| Q4 24 | $2.7B | $4.6B | ||
| Q3 24 | $2.6B | $4.6B | ||
| Q2 24 | $2.4B | $4.5B |
总资产MATXOGE
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | $14.4B | ||
| Q3 25 | $4.6B | $14.3B | ||
| Q2 25 | $4.5B | $14.1B | ||
| Q1 25 | $4.5B | $14.0B | ||
| Q4 24 | $4.6B | $13.7B | ||
| Q3 24 | $4.4B | $13.5B | ||
| Q2 24 | $4.3B | $13.2B |
负债/权益比MATXOGE
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 1.08× | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | 1.09× | ||
| 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 | — |
| 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% | — |
| 现金转化率经营现金流/净利润 | 1.24× | — |
| 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MATXOGE
| Q1 26 | — | — | ||
| Q4 25 | $176.9M | $384.8M | ||
| Q3 25 | $175.6M | $397.8M | ||
| Q2 25 | $105.6M | $338.6M | ||
| Q1 25 | $89.0M | $15.9M | ||
| Q4 24 | $174.7M | $129.6M | ||
| Q3 24 | $248.6M | $347.1M | ||
| Q2 24 | $307.9M | $253.1M |
自由现金流MATXOGE
| Q1 26 | — | — | ||
| Q4 25 | $42.2M | $83.1M | ||
| Q3 25 | $92.4M | $168.3M | ||
| Q2 25 | $19.3M | $64.9M | ||
| Q1 25 | $-200.0K | $-233.6M | ||
| Q4 24 | $49.3M | $-167.0M | ||
| Q3 24 | $189.0M | $103.0M | ||
| Q2 24 | $238.1M | $-70.2M |
自由现金流率MATXOGE
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 11.8% | ||
| Q3 25 | 10.5% | 16.4% | ||
| Q2 25 | 2.3% | 9.0% | ||
| Q1 25 | -0.0% | -31.5% | ||
| Q4 24 | 5.5% | -22.4% | ||
| Q3 24 | 19.6% | 10.9% | ||
| Q2 24 | 28.1% | -10.9% |
资本支出强度MATXOGE
| Q1 26 | — | — | ||
| Q4 25 | 15.8% | 43.0% | ||
| Q3 25 | 9.5% | 22.3% | ||
| Q2 25 | 10.4% | 38.0% | ||
| Q1 25 | 11.4% | 33.7% | ||
| Q4 24 | 14.1% | 39.8% | ||
| Q3 24 | 6.2% | 25.8% | ||
| Q2 24 | 8.2% | 50.2% |
现金转化率MATXOGE
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | 5.56× | ||
| Q3 25 | 1.30× | 1.72× | ||
| Q2 25 | 1.12× | 3.15× | ||
| Q1 25 | 1.23× | 0.25× | ||
| Q4 24 | 1.36× | 1.27× | ||
| Q3 24 | 1.25× | 1.59× | ||
| Q2 24 | 2.72× | 2.47× |
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% |
OGE
| Residential | $260.4M | 35% |
| Commercial | $212.0M | 28% |
| Public authorities and street light | $61.9M | 8% |
| Industrial | $60.7M | 8% |
| Oilfield | $58.4M | 8% |
| Integrated market | $47.3M | 6% |
| Transmission | $40.7M | 5% |
