vs
美森（MATX）与PORTLAND GENERAL ELECTRIC CO（POR）财务数据对比。点击上方公司名可切换其他公司
PORTLAND GENERAL ELECTRIC CO的季度营收约是美森的1.0倍（$889.0M vs $851.9M），美森净利率更高（16.8% vs 4.6%，领先12.2%），PORTLAND GENERAL ELECTRIC CO同比增速更快（7.9% vs -4.3%），美森自由现金流更多（$42.2M vs $-142.0M），过去两年美森的营收复合增速更高（8.6% vs -2.2%）
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。
波特兰通用电气（简称PGE）是财富1000强上市能源企业，总部位于美国俄勒冈州波特兰，业务覆盖发电、输电、配电全链路，为俄勒冈州近三分之二的工商业活动提供电力服务，受俄勒冈州公用事业委员会监管，前身为1888年成立的威拉米特瀑布电气公司。
MATX vs POR — 直观对比
营收规模更大
POR
是对方的1.0倍
$851.9M
营收增速更快
POR
高出12.2%
-4.3%
净利率更高
MATX
高出12.2%
4.6%
自由现金流更多
MATX
多$184.2M
$-142.0M
两年增速更快
MATX
近两年复合增速
-2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $889.0M |
| 净利润 | $143.1M | $41.0M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 10.7% |
| 净利率 | 16.8% | 4.6% |
| 营收同比 | -4.3% | 7.9% |
| 净利润同比 | 11.8% | 7.9% |
| 每股收益（稀释后） | $4.47 | $0.36 |
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MATXPOR
| Q4 25 | $851.9M | $889.0M | ||
| Q3 25 | $880.1M | $952.0M | ||
| Q2 25 | $830.5M | $807.0M | ||
| Q1 25 | $782.0M | $928.0M | ||
| Q4 24 | $890.3M | $824.0M | ||
| Q3 24 | $962.0M | $929.0M | ||
| Q2 24 | $847.4M | $758.0M | ||
| Q1 24 | $722.1M | $929.0M |
净利润MATXPOR
| Q4 25 | $143.1M | $41.0M | ||
| Q3 25 | $134.7M | $103.0M | ||
| Q2 25 | $94.7M | $62.0M | ||
| Q1 25 | $72.3M | $100.0M | ||
| Q4 24 | $128.0M | $38.0M | ||
| Q3 24 | $199.1M | $94.0M | ||
| Q2 24 | $113.2M | $72.0M | ||
| Q1 24 | $36.1M | $109.0M |
营业利润率MATXPOR
| Q4 25 | 16.9% | 10.7% | ||
| Q3 25 | 18.3% | 18.3% | ||
| Q2 25 | 13.6% | 14.6% | ||
| Q1 25 | 10.5% | 18.1% | ||
| Q4 24 | 16.6% | 10.7% | ||
| Q3 24 | 25.2% | 15.7% | ||
| Q2 24 | 14.7% | 15.3% | ||
| Q1 24 | 5.1% | 17.4% |
净利率MATXPOR
| Q4 25 | 16.8% | 4.6% | ||
| Q3 25 | 15.3% | 10.8% | ||
| Q2 25 | 11.4% | 7.7% | ||
| Q1 25 | 9.2% | 10.8% | ||
| Q4 24 | 14.4% | 4.6% | ||
| Q3 24 | 20.7% | 10.1% | ||
| Q2 24 | 13.4% | 9.5% | ||
| Q1 24 | 5.0% | 11.7% |
每股收益（稀释后）MATXPOR
| Q4 25 | $4.47 | $0.36 | ||
| Q3 25 | $4.24 | $0.94 | ||
| Q2 25 | $2.92 | $0.56 | ||
| Q1 25 | $2.18 | $0.91 | ||
| Q4 24 | $3.69 | $0.34 | ||
| Q3 24 | $5.89 | $0.90 | ||
| Q2 24 | $3.31 | $0.69 | ||
| Q1 24 | $1.04 | $1.08 |
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 | $4.7B |
| 股东权益账面价值 | $2.8B | $4.1B |
| 总资产 | $4.6B | $13.2B |
| 负债/权益比越低杠杆越低 | 0.13× | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资MATXPOR
| Q4 25 | $141.9M | — | ||
| Q3 25 | $92.7M | — | ||
| Q2 25 | $59.1M | — | ||
| Q1 25 | $122.0M | — | ||
| Q4 24 | $266.8M | — | ||
| Q3 24 | $270.3M | — | ||
| Q2 24 | $168.2M | — | ||
| Q1 24 | $25.9M | — |
总债务MATXPOR
| Q4 25 | $361.2M | $4.7B | ||
| Q3 25 | $370.9M | $4.7B | ||
| Q2 25 | $341.3M | $4.7B | ||
| Q1 25 | $351.1M | $4.7B | ||
| Q4 24 | $361.2M | $4.5B | ||
| Q3 24 | $370.9M | $4.4B | ||
| Q2 24 | $381.0M | $4.4B | ||
| Q1 24 | $390.8M | $4.4B |
股东权益MATXPOR
| Q4 25 | $2.8B | $4.1B | ||
| Q3 25 | $2.7B | $4.0B | ||
| Q2 25 | $2.6B | $3.9B | ||
| Q1 25 | $2.6B | $3.8B | ||
| Q4 24 | $2.7B | $3.8B | ||
| Q3 24 | $2.6B | $3.6B | ||
| Q2 24 | $2.4B | $3.5B | ||
| Q1 24 | $2.4B | $3.5B |
总资产MATXPOR
| Q4 25 | $4.6B | $13.2B | ||
| Q3 25 | $4.6B | $13.0B | ||
| Q2 25 | $4.5B | $12.7B | ||
| Q1 25 | $4.5B | $12.7B | ||
| Q4 24 | $4.6B | $12.5B | ||
| Q3 24 | $4.4B | $11.9B | ||
| Q2 24 | $4.3B | $11.6B | ||
| Q1 24 | $4.2B | $11.6B |
负债/权益比MATXPOR
| Q4 25 | 0.13× | 1.13× | ||
| Q3 25 | 0.14× | 1.20× | ||
| Q2 25 | 0.13× | 1.23× | ||
| Q1 25 | 0.13× | 1.23× | ||
| Q4 24 | 0.14× | 1.20× | ||
| Q3 24 | 0.15× | 1.22× | ||
| Q2 24 | 0.16× | 1.27× | ||
| Q1 24 | 0.16× | 1.28× |
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 | $148.0M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $-142.0M |
| 自由现金流率自由现金流/营收 | 5.0% | -16.0% |
| 资本支出强度资本支出/营收 | 15.8% | 32.6% |
| 现金转化率经营现金流/净利润 | 1.24× | 3.61× |
| 过去12个月自由现金流最近4个季度 | $153.7M | $-71.0M |
8季度趋势，按日历期对齐
经营现金流MATXPOR
| Q4 25 | $176.9M | $148.0M | ||
| Q3 25 | $175.6M | $403.0M | ||
| Q2 25 | $105.6M | $336.0M | ||
| Q1 25 | $89.0M | $231.0M | ||
| Q4 24 | $174.7M | $170.0M | ||
| Q3 24 | $248.6M | $244.0M | ||
| Q2 24 | $307.9M | $189.0M | ||
| Q1 24 | $36.6M | $175.0M |
自由现金流MATXPOR
| Q4 25 | $42.2M | $-142.0M | ||
| Q3 25 | $92.4M | $100.0M | ||
| Q2 25 | $19.3M | $99.0M | ||
| Q1 25 | $-200.0K | $-128.0M | ||
| Q4 24 | $49.3M | $-222.0M | ||
| Q3 24 | $189.0M | $-9.0M | ||
| Q2 24 | $238.1M | $-109.0M | ||
| Q1 24 | $-18.7M | $-150.0M |
自由现金流率MATXPOR
| Q4 25 | 5.0% | -16.0% | ||
| Q3 25 | 10.5% | 10.5% | ||
| Q2 25 | 2.3% | 12.3% | ||
| Q1 25 | -0.0% | -13.8% | ||
| Q4 24 | 5.5% | -26.9% | ||
| Q3 24 | 19.6% | -1.0% | ||
| Q2 24 | 28.1% | -14.4% | ||
| Q1 24 | -2.6% | -16.1% |
资本支出强度MATXPOR
| Q4 25 | 15.8% | 32.6% | ||
| Q3 25 | 9.5% | 31.8% | ||
| Q2 25 | 10.4% | 29.4% | ||
| Q1 25 | 11.4% | 38.7% | ||
| Q4 24 | 14.1% | 47.6% | ||
| Q3 24 | 6.2% | 27.2% | ||
| Q2 24 | 8.2% | 39.3% | ||
| Q1 24 | 7.7% | 35.0% |
现金转化率MATXPOR
| Q4 25 | 1.24× | 3.61× | ||
| Q3 25 | 1.30× | 3.91× | ||
| Q2 25 | 1.12× | 5.42× | ||
| Q1 25 | 1.23× | 2.31× | ||
| Q4 24 | 1.36× | 4.47× | ||
| Q3 24 | 1.25× | 2.60× | ||
| Q2 24 | 2.72× | 2.63× | ||
| Q1 24 | 1.01× | 1.61× |
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% |
POR
| Other | $507.0M | 57% |
| Commercial | $231.0M | 26% |
| Industrial | $140.0M | 16% |
| Direct Accesscustomers | $11.0M | 1% |
