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美森（MATX）与OUTFRONT Media Inc.（OUT）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OUTFRONT Media Inc.的1.7倍（$851.9M vs $513.3M），OUTFRONT Media Inc.净利率更高（18.9% vs 16.8%，领先2.1%），OUTFRONT Media Inc.同比增速更快（4.1% vs -4.3%），OUTFRONT Media Inc.自由现金流更多（$93.3M vs $42.2M），过去两年OUTFRONT Media Inc.的营收复合增速更高（12.1% 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。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
MATX vs OUT — 直观对比
营收规模更大
MATX
是对方的1.7倍
$513.3M
营收增速更快
OUT
高出8.4%
-4.3%
净利率更高
OUT
高出2.1%
16.8%
自由现金流更多
OUT
多$51.1M
$42.2M
两年增速更快
OUT
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $513.3M |
| 净利润 | $143.1M | $96.8M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 26.0% |
| 净利率 | 16.8% | 18.9% |
| 营收同比 | -4.3% | 4.1% |
| 净利润同比 | 11.8% | 30.8% |
| 每股收益（稀释后） | $4.47 | $0.57 |
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MATXOUT
| Q4 25 | $851.9M | $513.3M | ||
| Q3 25 | $880.1M | $467.5M | ||
| Q2 25 | $830.5M | $460.2M | ||
| Q1 25 | $782.0M | $390.7M | ||
| Q4 24 | $890.3M | $493.2M | ||
| Q3 24 | $962.0M | $451.9M | ||
| Q2 24 | $847.4M | $477.3M | ||
| Q1 24 | $722.1M | $408.5M |
净利润MATXOUT
| Q4 25 | $143.1M | $96.8M | ||
| Q3 25 | $134.7M | $51.3M | ||
| Q2 25 | $94.7M | $19.5M | ||
| Q1 25 | $72.3M | $-20.6M | ||
| Q4 24 | $128.0M | $74.0M | ||
| Q3 24 | $199.1M | $34.6M | ||
| Q2 24 | $113.2M | $176.8M | ||
| Q1 24 | $36.1M | $-27.2M |
营业利润率MATXOUT
| Q4 25 | 16.9% | 26.0% | ||
| Q3 25 | 18.3% | 19.2% | ||
| Q2 25 | 13.6% | 12.2% | ||
| Q1 25 | 10.5% | 3.6% | ||
| Q4 24 | 16.6% | 22.5% | ||
| Q3 24 | 25.2% | 15.8% | ||
| Q2 24 | 14.7% | 48.0% | ||
| Q1 24 | 5.1% | 3.4% |
净利率MATXOUT
| Q4 25 | 16.8% | 18.9% | ||
| Q3 25 | 15.3% | 11.0% | ||
| Q2 25 | 11.4% | 4.2% | ||
| Q1 25 | 9.2% | -5.3% | ||
| Q4 24 | 14.4% | 15.0% | ||
| Q3 24 | 20.7% | 7.7% | ||
| Q2 24 | 13.4% | 37.0% | ||
| Q1 24 | 5.0% | -6.7% |
每股收益（稀释后）MATXOUT
| Q4 25 | $4.47 | $0.57 | ||
| Q3 25 | $4.24 | $0.29 | ||
| Q2 25 | $2.92 | $0.10 | ||
| Q1 25 | $2.18 | $-0.14 | ||
| Q4 24 | $3.69 | $0.49 | ||
| Q3 24 | $5.89 | $0.19 | ||
| Q2 24 | $3.31 | $1.01 | ||
| Q1 24 | $1.04 | $-0.18 |
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 | $99.9M |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $710.4M |
| 总资产 | $4.6B | $5.3B |
| 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MATXOUT
| Q4 25 | $141.9M | $99.9M | ||
| Q3 25 | $92.7M | $63.0M | ||
| Q2 25 | $59.1M | $28.5M | ||
| Q1 25 | $122.0M | $30.5M | ||
| Q4 24 | $266.8M | $46.9M | ||
| Q3 24 | $270.3M | $28.0M | ||
| Q2 24 | $168.2M | $49.6M | ||
| Q1 24 | $25.9M | $42.4M |
总债务MATXOUT
| 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MATXOUT
| Q4 25 | $2.8B | $710.4M | ||
| Q3 25 | $2.7B | $542.6M | ||
| Q2 25 | $2.6B | $539.1M | ||
| Q1 25 | $2.6B | $566.9M | ||
| Q4 24 | $2.7B | $649.0M | ||
| Q3 24 | $2.6B | $618.2M | ||
| Q2 24 | $2.4B | $664.9M | ||
| Q1 24 | $2.4B | $524.2M |
总资产MATXOUT
| Q4 25 | $4.6B | $5.3B | ||
| Q3 25 | $4.6B | $5.2B | ||
| Q2 25 | $4.5B | $5.1B | ||
| Q1 25 | $4.5B | $5.1B | ||
| Q4 24 | $4.6B | $5.2B | ||
| Q3 24 | $4.4B | $5.2B | ||
| Q2 24 | $4.3B | $5.3B | ||
| Q1 24 | $4.2B | $5.5B |
负债/权益比MATXOUT
| 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 | $118.1M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $93.3M |
| 自由现金流率自由现金流/营收 | 5.0% | 18.2% |
| 资本支出强度资本支出/营收 | 15.8% | 4.8% |
| 现金转化率经营现金流/净利润 | 1.24× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $153.7M | $218.8M |
8季度趋势，按日历期对齐
经营现金流MATXOUT
| Q4 25 | $176.9M | $118.1M | ||
| Q3 25 | $175.6M | $88.8M | ||
| Q2 25 | $105.6M | $67.1M | ||
| Q1 25 | $89.0M | $33.6M | ||
| Q4 24 | $174.7M | $124.5M | ||
| Q3 24 | $248.6M | $73.1M | ||
| Q2 24 | $307.9M | $71.0M | ||
| Q1 24 | $36.6M | $30.6M |
自由现金流MATXOUT
| Q4 25 | $42.2M | $93.3M | ||
| Q3 25 | $92.4M | $67.7M | ||
| Q2 25 | $19.3M | $41.4M | ||
| Q1 25 | $-200.0K | $16.4M | ||
| Q4 24 | $49.3M | $106.3M | ||
| Q3 24 | $189.0M | $55.5M | ||
| Q2 24 | $238.1M | $47.1M | ||
| Q1 24 | $-18.7M | $12.2M |
自由现金流率MATXOUT
| Q4 25 | 5.0% | 18.2% | ||
| Q3 25 | 10.5% | 14.5% | ||
| Q2 25 | 2.3% | 9.0% | ||
| Q1 25 | -0.0% | 4.2% | ||
| Q4 24 | 5.5% | 21.6% | ||
| Q3 24 | 19.6% | 12.3% | ||
| Q2 24 | 28.1% | 9.9% | ||
| Q1 24 | -2.6% | 3.0% |
资本支出强度MATXOUT
| Q4 25 | 15.8% | 4.8% | ||
| Q3 25 | 9.5% | 4.5% | ||
| Q2 25 | 10.4% | 5.6% | ||
| Q1 25 | 11.4% | 4.4% | ||
| Q4 24 | 14.1% | 3.7% | ||
| Q3 24 | 6.2% | 3.9% | ||
| Q2 24 | 8.2% | 5.0% | ||
| Q1 24 | 7.7% | 4.5% |
现金转化率MATXOUT
| Q4 25 | 1.24× | 1.22× | ||
| Q3 25 | 1.30× | 1.73× | ||
| Q2 25 | 1.12× | 3.44× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.36× | 1.68× | ||
| Q3 24 | 1.25× | 2.11× | ||
| Q2 24 | 2.72× | 0.40× | ||
| Q1 24 | 1.01× | — |
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% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
