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美森（MATX）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是美森的1.4倍（$1.2B vs $851.9M），先锋自然资源公司净利率更高（29.0% vs 16.8%，领先12.2%），美森同比增速更快（-4.3% vs -9.8%），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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
MATX vs PR — 直观对比
营收规模更大
PR
是对方的1.4倍
$851.9M
营收增速更快
MATX
高出5.5%
-9.8%
净利率更高
PR
高出12.2%
16.8%
两年增速更快
MATX
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $1.2B |
| 净利润 | $143.1M | $339.5M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 23.1% |
| 净利率 | 16.8% | 29.0% |
| 营收同比 | -4.3% | -9.8% |
| 净利润同比 | 11.8% | 56.7% |
| 每股收益（稀释后） | $4.47 | $0.48 |
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MATXPR
| Q4 25 | $851.9M | $1.2B | ||
| Q3 25 | $880.1M | $1.3B | ||
| Q2 25 | $830.5M | $1.2B | ||
| Q1 25 | $782.0M | $1.4B | ||
| Q4 24 | $890.3M | $1.3B | ||
| Q3 24 | $962.0M | $1.2B | ||
| Q2 24 | $847.4M | $1.2B | ||
| Q1 24 | $722.1M | $1.2B |
净利润MATXPR
| Q4 25 | $143.1M | $339.5M | ||
| Q3 25 | $134.7M | $59.2M | ||
| Q2 25 | $94.7M | $207.1M | ||
| Q1 25 | $72.3M | $329.3M | ||
| Q4 24 | $128.0M | $216.7M | ||
| Q3 24 | $199.1M | $386.4M | ||
| Q2 24 | $113.2M | $235.1M | ||
| Q1 24 | $36.1M | $146.6M |
营业利润率MATXPR
| Q4 25 | 16.9% | 23.1% | ||
| Q3 25 | 18.3% | 29.6% | ||
| Q2 25 | 13.6% | 24.8% | ||
| Q1 25 | 10.5% | 36.6% | ||
| Q4 24 | 16.6% | 32.8% | ||
| Q3 24 | 25.2% | 32.5% | ||
| Q2 24 | 14.7% | 36.5% | ||
| Q1 24 | 5.1% | 37.7% |
净利率MATXPR
| Q4 25 | 16.8% | 29.0% | ||
| Q3 25 | 15.3% | 4.5% | ||
| Q2 25 | 11.4% | 17.3% | ||
| Q1 25 | 9.2% | 23.9% | ||
| Q4 24 | 14.4% | 16.7% | ||
| Q3 24 | 20.7% | 31.8% | ||
| Q2 24 | 13.4% | 18.9% | ||
| Q1 24 | 5.0% | 11.8% |
每股收益（稀释后）MATXPR
| Q4 25 | $4.47 | $0.48 | ||
| Q3 25 | $4.24 | $0.08 | ||
| Q2 25 | $2.92 | $0.28 | ||
| Q1 25 | $2.18 | $0.44 | ||
| Q4 24 | $3.69 | $0.31 | ||
| Q3 24 | $5.89 | $0.53 | ||
| Q2 24 | $3.31 | $0.36 | ||
| Q1 24 | $1.04 | $0.25 |
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 | $153.7M |
| 总债务越低越好 | $361.2M | $3.5B |
| 股东权益账面价值 | $2.8B | $10.3B |
| 总资产 | $4.6B | $17.9B |
| 负债/权益比越低杠杆越低 | 0.13× | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资MATXPR
| Q4 25 | $141.9M | $153.7M | ||
| Q3 25 | $92.7M | $111.8M | ||
| Q2 25 | $59.1M | $451.0M | ||
| Q1 25 | $122.0M | $702.2M | ||
| Q4 24 | $266.8M | $479.3M | ||
| Q3 24 | $270.3M | $272.0M | ||
| Q2 24 | $168.2M | $47.8M | ||
| Q1 24 | $25.9M | $12.7M |
总债务MATXPR
| Q4 25 | $361.2M | $3.5B | ||
| Q3 25 | $370.9M | $3.5B | ||
| Q2 25 | $341.3M | $4.0B | ||
| Q1 25 | $351.1M | $4.0B | ||
| Q4 24 | $361.2M | $4.2B | ||
| Q3 24 | $370.9M | $4.2B | ||
| Q2 24 | $381.0M | $3.9B | ||
| Q1 24 | $390.8M | $3.9B |
股东权益MATXPR
| Q4 25 | $2.8B | $10.3B | ||
| Q3 25 | $2.7B | $10.0B | ||
| Q2 25 | $2.6B | $9.5B | ||
| Q1 25 | $2.6B | $9.4B | ||
| Q4 24 | $2.7B | $9.1B | ||
| Q3 24 | $2.6B | $9.0B | ||
| Q2 24 | $2.4B | $8.3B | ||
| Q1 24 | $2.4B | $7.0B |
总资产MATXPR
| Q4 25 | $4.6B | $17.9B | ||
| Q3 25 | $4.6B | $17.3B | ||
| Q2 25 | $4.5B | $17.5B | ||
| Q1 25 | $4.5B | $17.1B | ||
| Q4 24 | $4.6B | $16.9B | ||
| Q3 24 | $4.4B | $16.6B | ||
| Q2 24 | $4.3B | $15.4B | ||
| Q1 24 | $4.2B | $15.1B |
负债/权益比MATXPR
| Q4 25 | 0.13× | 0.34× | ||
| Q3 25 | 0.14× | 0.35× | ||
| Q2 25 | 0.13× | 0.42× | ||
| Q1 25 | 0.13× | 0.43× | ||
| Q4 24 | 0.14× | 0.46× | ||
| Q3 24 | 0.15× | 0.47× | ||
| Q2 24 | 0.16× | 0.46× | ||
| Q1 24 | 0.16× | 0.56× |
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 | $904.3M |
| 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× | 2.66× |
| 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MATXPR
| Q4 25 | $176.9M | $904.3M | ||
| Q3 25 | $175.6M | $766.5M | ||
| Q2 25 | $105.6M | $1.0B | ||
| Q1 25 | $89.0M | $898.0M | ||
| Q4 24 | $174.7M | $871.6M | ||
| Q3 24 | $248.6M | $954.4M | ||
| Q2 24 | $307.9M | $938.4M | ||
| Q1 24 | $36.6M | $647.6M |
自由现金流MATXPR
| Q4 25 | $42.2M | — | ||
| Q3 25 | $92.4M | — | ||
| Q2 25 | $19.3M | — | ||
| Q1 25 | $-200.0K | — | ||
| Q4 24 | $49.3M | — | ||
| Q3 24 | $189.0M | — | ||
| Q2 24 | $238.1M | — | ||
| Q1 24 | $-18.7M | — |
自由现金流率MATXPR
| Q4 25 | 5.0% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | -0.0% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 19.6% | — | ||
| Q2 24 | 28.1% | — | ||
| Q1 24 | -2.6% | — |
资本支出强度MATXPR
| Q4 25 | 15.8% | — | ||
| Q3 25 | 9.5% | — | ||
| Q2 25 | 10.4% | — | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 8.2% | — | ||
| Q1 24 | 7.7% | — |
现金转化率MATXPR
| Q4 25 | 1.24× | 2.66× | ||
| Q3 25 | 1.30× | 12.94× | ||
| Q2 25 | 1.12× | 5.01× | ||
| Q1 25 | 1.23× | 2.73× | ||
| Q4 24 | 1.36× | 4.02× | ||
| Q3 24 | 1.25× | 2.47× | ||
| Q2 24 | 2.72× | 3.99× | ||
| Q1 24 | 1.01× | 4.42× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
