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美森（MATX）与PTC Inc.（PTC）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PTC Inc.的1.2倍（$851.9M vs $685.8M），PTC Inc.净利率更高（24.3% vs 16.8%，领先7.5%），PTC Inc.同比增速更快（21.4% vs -4.3%），PTC Inc.自由现金流更多（$267.4M vs $42.2M），过去两年美森的营收复合增速更高（8.6% vs 6.6%）
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。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
MATX vs PTC — 直观对比
营收规模更大
MATX
是对方的1.2倍
$685.8M
营收增速更快
PTC
高出25.7%
-4.3%
净利率更高
PTC
高出7.5%
16.8%
自由现金流更多
PTC
多$225.2M
$42.2M
两年增速更快
MATX
近两年复合增速
6.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $685.8M |
| 净利润 | $143.1M | $166.5M |
| 毛利率 | — | 82.8% |
| 营业利润率 | 16.9% | 32.2% |
| 净利率 | 16.8% | 24.3% |
| 营收同比 | -4.3% | 21.4% |
| 净利润同比 | 11.8% | 102.5% |
| 每股收益（稀释后） | $4.47 | $1.39 |
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MATXPTC
| Q4 25 | $851.9M | $685.8M | ||
| Q3 25 | $880.1M | $893.8M | ||
| Q2 25 | $830.5M | $643.9M | ||
| Q1 25 | $782.0M | $636.4M | ||
| Q4 24 | $890.3M | $565.1M | ||
| Q3 24 | $962.0M | $626.5M | ||
| Q2 24 | $847.4M | $518.6M | ||
| Q1 24 | $722.1M | $603.1M |
净利润MATXPTC
| Q4 25 | $143.1M | $166.5M | ||
| Q3 25 | $134.7M | $347.8M | ||
| Q2 25 | $94.7M | $141.3M | ||
| Q1 25 | $72.3M | $162.6M | ||
| Q4 24 | $128.0M | $82.2M | ||
| Q3 24 | $199.1M | $126.5M | ||
| Q2 24 | $113.2M | $69.0M | ||
| Q1 24 | $36.1M | $114.4M |
毛利率MATXPTC
| Q4 25 | — | 82.8% | ||
| Q3 25 | — | 86.9% | ||
| Q2 25 | — | 82.9% | ||
| Q1 25 | — | 83.3% | ||
| Q4 24 | — | 80.2% | ||
| Q3 24 | — | 82.0% | ||
| Q2 24 | — | 78.4% | ||
| Q1 24 | — | 81.8% |
营业利润率MATXPTC
| Q4 25 | 16.9% | 32.2% | ||
| Q3 25 | 18.3% | 48.5% | ||
| Q2 25 | 13.6% | 32.6% | ||
| Q1 25 | 10.5% | 35.1% | ||
| Q4 24 | 16.6% | 20.4% | ||
| Q3 24 | 25.2% | 31.0% | ||
| Q2 24 | 14.7% | 18.5% | ||
| Q1 24 | 5.1% | 29.8% |
净利率MATXPTC
| Q4 25 | 16.8% | 24.3% | ||
| Q3 25 | 15.3% | 38.9% | ||
| Q2 25 | 11.4% | 21.9% | ||
| Q1 25 | 9.2% | 25.6% | ||
| Q4 24 | 14.4% | 14.6% | ||
| Q3 24 | 20.7% | 20.2% | ||
| Q2 24 | 13.4% | 13.3% | ||
| Q1 24 | 5.0% | 19.0% |
每股收益（稀释后）MATXPTC
| Q4 25 | $4.47 | $1.39 | ||
| Q3 25 | $4.24 | $2.88 | ||
| Q2 25 | $2.92 | $1.17 | ||
| Q1 25 | $2.18 | $1.35 | ||
| Q4 24 | $3.69 | $0.68 | ||
| Q3 24 | $5.89 | $1.05 | ||
| Q2 24 | $3.31 | $0.57 | ||
| Q1 24 | $1.04 | $0.95 |
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 | $209.7M |
| 总债务越低越好 | $361.2M | $1.2B |
| 股东权益账面价值 | $2.8B | $3.8B |
| 总资产 | $4.6B | $6.4B |
| 负债/权益比越低杠杆越低 | 0.13× | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资MATXPTC
| Q4 25 | $141.9M | $209.7M | ||
| Q3 25 | $92.7M | $184.4M | ||
| Q2 25 | $59.1M | $199.3M | ||
| Q1 25 | $122.0M | $235.2M | ||
| Q4 24 | $266.8M | $196.3M | ||
| Q3 24 | $270.3M | $265.8M | ||
| Q2 24 | $168.2M | $247.7M | ||
| Q1 24 | $25.9M | $249.0M |
总债务MATXPTC
| Q4 25 | $361.2M | $1.2B | ||
| Q3 25 | $370.9M | $1.2B | ||
| Q2 25 | $341.3M | $1.2B | ||
| Q1 25 | $351.1M | $1.4B | ||
| Q4 24 | $361.2M | $1.0B | ||
| Q3 24 | $370.9M | $1.2B | ||
| Q2 24 | $381.0M | $1.3B | ||
| Q1 24 | $390.8M | $1.5B |
股东权益MATXPTC
| Q4 25 | $2.8B | $3.8B | ||
| Q3 25 | $2.7B | $3.8B | ||
| Q2 25 | $2.6B | $3.5B | ||
| Q1 25 | $2.6B | $3.4B | ||
| Q4 24 | $2.7B | $3.2B | ||
| Q3 24 | $2.6B | $3.2B | ||
| Q2 24 | $2.4B | $3.0B | ||
| Q1 24 | $2.4B | $2.9B |
总资产MATXPTC
| Q4 25 | $4.6B | $6.4B | ||
| Q3 25 | $4.6B | $6.6B | ||
| Q2 25 | $4.5B | $6.2B | ||
| Q1 25 | $4.5B | $6.2B | ||
| Q4 24 | $4.6B | $6.1B | ||
| Q3 24 | $4.4B | $6.4B | ||
| Q2 24 | $4.3B | $6.1B | ||
| Q1 24 | $4.2B | $6.2B |
负债/权益比MATXPTC
| Q4 25 | 0.13× | 0.31× | ||
| Q3 25 | 0.14× | 0.31× | ||
| Q2 25 | 0.13× | 0.34× | ||
| Q1 25 | 0.13× | 0.40× | ||
| Q4 24 | 0.14× | 0.32× | ||
| Q3 24 | 0.15× | 0.38× | ||
| Q2 24 | 0.16× | 0.43× | ||
| Q1 24 | 0.16× | 0.51× |
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 | $269.7M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $267.4M |
| 自由现金流率自由现金流/营收 | 5.0% | 39.0% |
| 资本支出强度资本支出/营收 | 15.8% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.24× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $153.7M | $888.4M |
8季度趋势，按日历期对齐
经营现金流MATXPTC
| Q4 25 | $176.9M | $269.7M | ||
| Q3 25 | $175.6M | $104.0M | ||
| Q2 25 | $105.6M | $243.9M | ||
| Q1 25 | $89.0M | $281.3M | ||
| Q4 24 | $174.7M | $238.4M | ||
| Q3 24 | $248.6M | $98.1M | ||
| Q2 24 | $307.9M | $213.8M | ||
| Q1 24 | $36.6M | $250.7M |
自由现金流MATXPTC
| Q4 25 | $42.2M | $267.4M | ||
| Q3 25 | $92.4M | $100.5M | ||
| Q2 25 | $19.3M | $242.0M | ||
| Q1 25 | $-200.0K | $278.5M | ||
| Q4 24 | $49.3M | $235.7M | ||
| Q3 24 | $189.0M | $93.6M | ||
| Q2 24 | $238.1M | $212.2M | ||
| Q1 24 | $-18.7M | $247.1M |
自由现金流率MATXPTC
| Q4 25 | 5.0% | 39.0% | ||
| Q3 25 | 10.5% | 11.2% | ||
| Q2 25 | 2.3% | 37.6% | ||
| Q1 25 | -0.0% | 43.8% | ||
| Q4 24 | 5.5% | 41.7% | ||
| Q3 24 | 19.6% | 14.9% | ||
| Q2 24 | 28.1% | 40.9% | ||
| Q1 24 | -2.6% | 41.0% |
资本支出强度MATXPTC
| Q4 25 | 15.8% | 0.3% | ||
| Q3 25 | 9.5% | 0.4% | ||
| Q2 25 | 10.4% | 0.3% | ||
| Q1 25 | 11.4% | 0.4% | ||
| Q4 24 | 14.1% | 0.5% | ||
| Q3 24 | 6.2% | 0.7% | ||
| Q2 24 | 8.2% | 0.3% | ||
| Q1 24 | 7.7% | 0.6% |
现金转化率MATXPTC
| Q4 25 | 1.24× | 1.62× | ||
| Q3 25 | 1.30× | 0.30× | ||
| Q2 25 | 1.12× | 1.73× | ||
| Q1 25 | 1.23× | 1.73× | ||
| Q4 24 | 1.36× | 2.90× | ||
| Q3 24 | 1.25× | 0.78× | ||
| Q2 24 | 2.72× | 3.10× | ||
| Q1 24 | 1.01× | 2.19× |
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% |
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
