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美森（MATX）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是美森的1.8倍（$1.6B vs $851.9M），美森净利率更高（16.8% vs -0.8%，领先17.6%），Primo Brands Corp自由现金流更多（$57.3M vs $42.2M）
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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
MATX vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.8倍
$851.9M
净利率更高
MATX
高出17.6%
-0.8%
自由现金流更多
PRMB
多$15.1M
$42.2M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $1.6B |
| 净利润 | $143.1M | $-13.0M |
| 毛利率 | — | 27.7% |
| 营业利润率 | 16.9% | 1.2% |
| 净利率 | 16.8% | -0.8% |
| 营收同比 | -4.3% | — |
| 净利润同比 | 11.8% | — |
| 每股收益（稀释后） | $4.47 | $-0.03 |
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MATXPRMB
| Q4 25 | $851.9M | $1.6B | ||
| Q3 25 | $880.1M | $1.8B | ||
| Q2 25 | $830.5M | $1.7B | ||
| Q1 25 | $782.0M | $1.6B | ||
| Q4 24 | $890.3M | — | ||
| Q3 24 | $962.0M | $0 | ||
| Q2 24 | $847.4M | $1.3B | ||
| Q1 24 | $722.1M | $1.1B |
净利润MATXPRMB
| Q4 25 | $143.1M | $-13.0M | ||
| Q3 25 | $134.7M | $16.8M | ||
| Q2 25 | $94.7M | $27.6M | ||
| Q1 25 | $72.3M | $28.7M | ||
| Q4 24 | $128.0M | — | ||
| Q3 24 | $199.1M | $-2.0K | ||
| Q2 24 | $113.2M | $54.5M | ||
| Q1 24 | $36.1M | $33.5M |
毛利率MATXPRMB
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 29.9% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 32.7% | ||
| Q1 24 | — | 30.4% |
营业利润率MATXPRMB
| Q4 25 | 16.9% | 1.2% | ||
| Q3 25 | 18.3% | 8.3% | ||
| Q2 25 | 13.6% | 6.5% | ||
| Q1 25 | 10.5% | 9.5% | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 14.7% | 12.1% | ||
| Q1 24 | 5.1% | 11.0% |
净利率MATXPRMB
| Q4 25 | 16.8% | -0.8% | ||
| Q3 25 | 15.3% | 1.0% | ||
| Q2 25 | 11.4% | 1.6% | ||
| Q1 25 | 9.2% | 1.8% | ||
| Q4 24 | 14.4% | — | ||
| Q3 24 | 20.7% | — | ||
| Q2 24 | 13.4% | 4.1% | ||
| Q1 24 | 5.0% | 2.9% |
每股收益（稀释后）MATXPRMB
| Q4 25 | $4.47 | $-0.03 | ||
| Q3 25 | $4.24 | $0.04 | ||
| Q2 25 | $2.92 | $0.07 | ||
| Q1 25 | $2.18 | $0.08 | ||
| Q4 24 | $3.69 | — | ||
| Q3 24 | $5.89 | $-20.00 | ||
| Q2 24 | $3.31 | $0.25 | ||
| Q1 24 | $1.04 | $0.15 |
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 | $376.7M |
| 总债务越低越好 | $361.2M | $5.2B |
| 股东权益账面价值 | $2.8B | $3.0B |
| 总资产 | $4.6B | $10.6B |
| 负债/权益比越低杠杆越低 | 0.13× | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资MATXPRMB
| Q4 25 | $141.9M | $376.7M | ||
| 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MATXPRMB
| Q4 25 | $361.2M | $5.2B | ||
| Q3 25 | $370.9M | $5.1B | ||
| Q2 25 | $341.3M | $5.1B | ||
| Q1 25 | $351.1M | $5.0B | ||
| Q4 24 | $361.2M | — | ||
| Q3 24 | $370.9M | — | ||
| Q2 24 | $381.0M | — | ||
| Q1 24 | $390.8M | — |
股东权益MATXPRMB
| Q4 25 | $2.8B | $3.0B | ||
| Q3 25 | $2.7B | $3.2B | ||
| Q2 25 | $2.6B | $3.2B | ||
| Q1 25 | $2.6B | $3.3B | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.6B | $-2.0K | ||
| Q2 24 | $2.4B | $-296.8M | ||
| Q1 24 | $2.4B | $-349.8M |
总资产MATXPRMB
| Q4 25 | $4.6B | $10.6B | ||
| Q3 25 | $4.6B | $11.0B | ||
| Q2 25 | $4.5B | $11.0B | ||
| Q1 25 | $4.5B | $11.0B | ||
| Q4 24 | $4.6B | — | ||
| Q3 24 | $4.4B | $0 | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.2B | — |
负债/权益比MATXPRMB
| Q4 25 | 0.13× | 1.72× | ||
| Q3 25 | 0.14× | 1.61× | ||
| Q2 25 | 0.13× | 1.57× | ||
| Q1 25 | 0.13× | 1.51× | ||
| 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 | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $57.3M |
| 自由现金流率自由现金流/营收 | 5.0% | 3.7% |
| 资本支出强度资本支出/营收 | 15.8% | 9.4% |
| 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 | $302.9M |
8季度趋势，按日历期对齐
经营现金流MATXPRMB
| Q4 25 | $176.9M | $203.1M | ||
| Q3 25 | $175.6M | $283.4M | ||
| Q2 25 | $105.6M | $155.0M | ||
| Q1 25 | $89.0M | $38.8M | ||
| Q4 24 | $174.7M | — | ||
| Q3 24 | $248.6M | $0 | ||
| Q2 24 | $307.9M | $102.5M | ||
| Q1 24 | $36.6M | $6.0M |
自由现金流MATXPRMB
| Q4 25 | $42.2M | $57.3M | ||
| Q3 25 | $92.4M | $167.7M | ||
| Q2 25 | $19.3M | $101.1M | ||
| Q1 25 | $-200.0K | $-23.2M | ||
| Q4 24 | $49.3M | — | ||
| Q3 24 | $189.0M | — | ||
| Q2 24 | $238.1M | $61.4M | ||
| Q1 24 | $-18.7M | $-17.5M |
自由现金流率MATXPRMB
| Q4 25 | 5.0% | 3.7% | ||
| Q3 25 | 10.5% | 9.5% | ||
| Q2 25 | 2.3% | 5.8% | ||
| Q1 25 | -0.0% | -1.4% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 19.6% | — | ||
| Q2 24 | 28.1% | 4.7% | ||
| Q1 24 | -2.6% | -1.5% |
资本支出强度MATXPRMB
| Q4 25 | 15.8% | 9.4% | ||
| Q3 25 | 9.5% | 6.6% | ||
| Q2 25 | 10.4% | 3.1% | ||
| Q1 25 | 11.4% | 3.8% | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 8.2% | 3.1% | ||
| Q1 24 | 7.7% | 2.1% |
现金转化率MATXPRMB
| Q4 25 | 1.24× | — | ||
| Q3 25 | 1.30× | 16.87× | ||
| Q2 25 | 1.12× | 5.62× | ||
| Q1 25 | 1.23× | 1.35× | ||
| Q4 24 | 1.36× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 2.72× | 1.88× | ||
| Q1 24 | 1.01× | 0.18× |
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
