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美森（MATX）与OPEN TEXT CORP（OTEX）财务数据对比。点击上方公司名可切换其他公司
OPEN TEXT CORP的季度营收约是美森的1.5倍（$1.3B vs $851.9M），美森净利率更高（16.8% vs 13.5%，领先3.3%），OPEN TEXT CORP同比增速更快（2.2% vs -4.3%），OPEN TEXT CORP自由现金流更多（$305.0M vs $42.2M），过去两年美森的营收复合增速更高（8.6% vs -3.0%）
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。
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
MATX vs OTEX — 直观对比
营收规模更大
OTEX
是对方的1.5倍
$851.9M
营收增速更快
OTEX
高出6.6%
-4.3%
净利率更高
MATX
高出3.3%
13.5%
自由现金流更多
OTEX
多$262.8M
$42.2M
两年增速更快
MATX
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $1.3B |
| 净利润 | $143.1M | $172.7M |
| 毛利率 | — | 73.1% |
| 营业利润率 | 16.9% | 15.7% |
| 净利率 | 16.8% | 13.5% |
| 营收同比 | -4.3% | 2.2% |
| 净利润同比 | 11.8% | — |
| 每股收益（稀释后） | $4.47 | $0.70 |
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MATXOTEX
| Q1 26 | — | $1.3B | ||
| Q4 25 | $851.9M | $1.3B | ||
| Q3 25 | $880.1M | $1.3B | ||
| Q2 25 | $830.5M | $1.3B | ||
| Q1 25 | $782.0M | $1.3B | ||
| Q4 24 | $890.3M | $1.3B | ||
| Q3 24 | $962.0M | $1.3B | ||
| Q2 24 | $847.4M | $1.4B |
净利润MATXOTEX
| Q1 26 | — | $172.7M | ||
| Q4 25 | $143.1M | $168.1M | ||
| Q3 25 | $134.7M | $146.6M | ||
| Q2 25 | $94.7M | $28.8M | ||
| Q1 25 | $72.3M | $92.8M | ||
| Q4 24 | $128.0M | $229.9M | ||
| Q3 24 | $199.1M | $84.4M | ||
| Q2 24 | $113.2M | $248.2M |
毛利率MATXOTEX
| Q1 26 | — | 73.1% | ||
| Q4 25 | — | 74.0% | ||
| Q3 25 | — | 72.8% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 71.6% | ||
| Q4 24 | — | 73.3% | ||
| Q3 24 | — | 71.7% | ||
| Q2 24 | — | 72.5% |
营业利润率MATXOTEX
| Q1 26 | — | 15.7% | ||
| Q4 25 | 16.9% | 22.0% | ||
| Q3 25 | 18.3% | 21.0% | ||
| Q2 25 | 13.6% | 13.9% | ||
| Q1 25 | 10.5% | 16.7% | ||
| Q4 24 | 16.6% | 22.2% | ||
| Q3 24 | 25.2% | 16.3% | ||
| Q2 24 | 14.7% | 14.2% |
净利率MATXOTEX
| Q1 26 | — | 13.5% | ||
| Q4 25 | 16.8% | 12.7% | ||
| Q3 25 | 15.3% | 11.4% | ||
| Q2 25 | 11.4% | 2.2% | ||
| Q1 25 | 9.2% | 7.4% | ||
| Q4 24 | 14.4% | 17.2% | ||
| Q3 24 | 20.7% | 6.6% | ||
| Q2 24 | 13.4% | 18.2% |
每股收益（稀释后）MATXOTEX
| Q1 26 | — | $0.70 | ||
| Q4 25 | $4.47 | $0.66 | ||
| Q3 25 | $4.24 | $0.58 | ||
| Q2 25 | $2.92 | $0.11 | ||
| Q1 25 | $2.18 | $0.35 | ||
| Q4 24 | $3.69 | $0.87 | ||
| Q3 24 | $5.89 | $0.32 | ||
| Q2 24 | $3.31 | $0.91 |
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 | $1.3B |
| 总债务越低越好 | $361.2M | $6.2B |
| 股东权益账面价值 | $2.8B | $4.0B |
| 总资产 | $4.6B | $13.3B |
| 负债/权益比越低杠杆越低 | 0.13× | 1.57× |
8季度趋势，按日历期对齐
现金及短期投资MATXOTEX
| Q1 26 | — | $1.3B | ||
| Q4 25 | $141.9M | $1.3B | ||
| Q3 25 | $92.7M | $1.1B | ||
| Q2 25 | $59.1M | $1.2B | ||
| Q1 25 | $122.0M | $1.3B | ||
| Q4 24 | $266.8M | $1.1B | ||
| Q3 24 | $270.3M | $1.0B | ||
| Q2 24 | $168.2M | $1.3B |
总债务MATXOTEX
| Q1 26 | — | $6.2B | ||
| Q4 25 | $361.2M | $6.4B | ||
| Q3 25 | $370.9M | $6.4B | ||
| Q2 25 | $341.3M | $6.4B | ||
| Q1 25 | $351.1M | $6.4B | ||
| Q4 24 | $361.2M | $6.4B | ||
| Q3 24 | $370.9M | $6.4B | ||
| Q2 24 | $381.0M | $6.4B |
股东权益MATXOTEX
| Q1 26 | — | $4.0B | ||
| Q4 25 | $2.8B | $4.0B | ||
| Q3 25 | $2.7B | $4.0B | ||
| Q2 25 | $2.6B | $3.9B | ||
| Q1 25 | $2.6B | $4.1B | ||
| Q4 24 | $2.7B | $4.2B | ||
| Q3 24 | $2.6B | $4.1B | ||
| Q2 24 | $2.4B | $4.2B |
总资产MATXOTEX
| Q1 26 | — | $13.3B | ||
| Q4 25 | $4.6B | $13.6B | ||
| Q3 25 | $4.6B | $13.5B | ||
| Q2 25 | $4.5B | $13.8B | ||
| Q1 25 | $4.5B | $13.8B | ||
| Q4 24 | $4.6B | $13.7B | ||
| Q3 24 | $4.4B | $13.8B | ||
| Q2 24 | $4.3B | $14.2B |
负债/权益比MATXOTEX
| Q1 26 | — | 1.57× | ||
| Q4 25 | 0.13× | 1.58× | ||
| Q3 25 | 0.14× | 1.61× | ||
| Q2 25 | 0.13× | 1.62× | ||
| Q1 25 | 0.13× | 1.55× | ||
| Q4 24 | 0.14× | 1.51× | ||
| Q3 24 | 0.15× | 1.55× | ||
| Q2 24 | 0.16× | 1.52× |
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 | $354.6M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $305.0M |
| 自由现金流率自由现金流/营收 | 5.0% | 23.8% |
| 资本支出强度资本支出/营收 | 15.8% | 3.9% |
| 现金转化率经营现金流/净利润 | 1.24× | 2.05× |
| 过去12个月自由现金流最近4个季度 | $153.7M | $809.6M |
8季度趋势，按日历期对齐
经营现金流MATXOTEX
| Q1 26 | — | $354.6M | ||
| Q4 25 | $176.9M | $318.7M | ||
| Q3 25 | $175.6M | $147.8M | ||
| Q2 25 | $105.6M | $158.2M | ||
| Q1 25 | $89.0M | $402.2M | ||
| Q4 24 | $174.7M | $348.0M | ||
| Q3 24 | $248.6M | $-77.8M | ||
| Q2 24 | $307.9M | $185.2M |
自由现金流MATXOTEX
| Q1 26 | — | $305.0M | ||
| Q4 25 | $42.2M | $279.4M | ||
| Q3 25 | $92.4M | $101.2M | ||
| Q2 25 | $19.3M | $124.0M | ||
| Q1 25 | $-200.0K | $373.8M | ||
| Q4 24 | $49.3M | $306.7M | ||
| Q3 24 | $189.0M | $-117.1M | ||
| Q2 24 | $238.1M | $145.2M |
自由现金流率MATXOTEX
| Q1 26 | — | 23.8% | ||
| Q4 25 | 5.0% | 21.1% | ||
| Q3 25 | 10.5% | 7.9% | ||
| Q2 25 | 2.3% | 9.5% | ||
| Q1 25 | -0.0% | 29.8% | ||
| Q4 24 | 5.5% | 23.0% | ||
| Q3 24 | 19.6% | -9.2% | ||
| Q2 24 | 28.1% | 10.7% |
资本支出强度MATXOTEX
| Q1 26 | — | 3.9% | ||
| Q4 25 | 15.8% | 3.0% | ||
| Q3 25 | 9.5% | 3.6% | ||
| Q2 25 | 10.4% | 2.6% | ||
| Q1 25 | 11.4% | 2.3% | ||
| Q4 24 | 14.1% | 3.1% | ||
| Q3 24 | 6.2% | 3.1% | ||
| Q2 24 | 8.2% | 2.9% |
现金转化率MATXOTEX
| Q1 26 | — | 2.05× | ||
| Q4 25 | 1.24× | 1.90× | ||
| Q3 25 | 1.30× | 1.01× | ||
| Q2 25 | 1.12× | 5.49× | ||
| Q1 25 | 1.23× | 4.33× | ||
| Q4 24 | 1.36× | 1.51× | ||
| Q3 24 | 1.25× | -0.92× | ||
| Q2 24 | 2.72× | 0.75× |
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% |
OTEX
| Customer support | $564.8M | 44% |
| Cloud services and subscriptions | $492.9M | 38% |
| License | $145.1M | 11% |
| Professional service and other | $79.6M | 6% |
