vs
美森（MATX）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是美森的1.6倍（$1.4B vs $851.9M），美森净利率更高（16.8% vs 5.8%，领先11.0%），ROKU, INC同比增速更快（16.1% vs -4.3%），ROKU, INC自由现金流更多（$106.6M vs $42.2M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
MATX vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.6倍
$851.9M
营收增速更快
ROKU
高出20.5%
-4.3%
净利率更高
MATX
高出11.0%
5.8%
自由现金流更多
ROKU
多$64.4M
$42.2M
两年增速更快
ROKU
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $1.4B |
| 净利润 | $143.1M | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 16.9% | 4.7% |
| 净利率 | 16.8% | 5.8% |
| 营收同比 | -4.3% | 16.1% |
| 净利润同比 | 11.8% | 326.4% |
| 每股收益（稀释后） | $4.47 | $0.55 |
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MATXROKU
| Q4 25 | $851.9M | $1.4B | ||
| Q3 25 | $880.1M | $1.2B | ||
| Q2 25 | $830.5M | $1.1B | ||
| Q1 25 | $782.0M | $1.0B | ||
| Q4 24 | $890.3M | $1.2B | ||
| Q3 24 | $962.0M | $1.1B | ||
| Q2 24 | $847.4M | $968.2M | ||
| Q1 24 | $722.1M | $881.5M |
净利润MATXROKU
| Q4 25 | $143.1M | $80.5M | ||
| Q3 25 | $134.7M | $24.8M | ||
| Q2 25 | $94.7M | $10.5M | ||
| Q1 25 | $72.3M | $-27.4M | ||
| Q4 24 | $128.0M | $-35.5M | ||
| Q3 24 | $199.1M | $-9.0M | ||
| Q2 24 | $113.2M | $-34.0M | ||
| Q1 24 | $36.1M | $-50.9M |
毛利率MATXROKU
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% | ||
| Q1 24 | — | 44.1% |
营业利润率MATXROKU
| Q4 25 | 16.9% | 4.7% | ||
| Q3 25 | 18.3% | 0.8% | ||
| Q2 25 | 13.6% | -2.1% | ||
| Q1 25 | 10.5% | -5.7% | ||
| Q4 24 | 16.6% | -3.3% | ||
| Q3 24 | 25.2% | -3.4% | ||
| Q2 24 | 14.7% | -7.4% | ||
| Q1 24 | 5.1% | -8.2% |
净利率MATXROKU
| Q4 25 | 16.8% | 5.8% | ||
| Q3 25 | 15.3% | 2.0% | ||
| Q2 25 | 11.4% | 0.9% | ||
| Q1 25 | 9.2% | -2.7% | ||
| Q4 24 | 14.4% | -3.0% | ||
| Q3 24 | 20.7% | -0.9% | ||
| Q2 24 | 13.4% | -3.5% | ||
| Q1 24 | 5.0% | -5.8% |
每股收益（稀释后）MATXROKU
| Q4 25 | $4.47 | $0.55 | ||
| Q3 25 | $4.24 | $0.16 | ||
| Q2 25 | $2.92 | $0.07 | ||
| Q1 25 | $2.18 | $-0.19 | ||
| Q4 24 | $3.69 | $-0.24 | ||
| Q3 24 | $5.89 | $-0.06 | ||
| Q2 24 | $3.31 | $-0.24 | ||
| Q1 24 | $1.04 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $2.7B |
| 总资产 | $4.6B | $4.4B |
| 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MATXROKU
| Q4 25 | $141.9M | $2.3B | ||
| Q3 25 | $92.7M | $2.3B | ||
| Q2 25 | $59.1M | $2.3B | ||
| Q1 25 | $122.0M | $2.3B | ||
| Q4 24 | $266.8M | $2.2B | ||
| Q3 24 | $270.3M | $2.1B | ||
| Q2 24 | $168.2M | $2.1B | ||
| Q1 24 | $25.9M | $2.1B |
总债务MATXROKU
| 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MATXROKU
| Q4 25 | $2.8B | $2.7B | ||
| Q3 25 | $2.7B | $2.6B | ||
| Q2 25 | $2.6B | $2.6B | ||
| Q1 25 | $2.6B | $2.5B | ||
| Q4 24 | $2.7B | $2.5B | ||
| Q3 24 | $2.6B | $2.5B | ||
| Q2 24 | $2.4B | $2.4B | ||
| Q1 24 | $2.4B | $2.4B |
总资产MATXROKU
| Q4 25 | $4.6B | $4.4B | ||
| Q3 25 | $4.6B | $4.4B | ||
| Q2 25 | $4.5B | $4.3B | ||
| Q1 25 | $4.5B | $4.2B | ||
| Q4 24 | $4.6B | $4.3B | ||
| Q3 24 | $4.4B | $4.3B | ||
| Q2 24 | $4.3B | $4.1B | ||
| Q1 24 | $4.2B | $4.2B |
负债/权益比MATXROKU
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $106.6M |
| 自由现金流率自由现金流/营收 | 5.0% | 7.6% |
| 资本支出强度资本支出/营收 | 15.8% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.24× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $153.7M | $478.4M |
8季度趋势，按日历期对齐
经营现金流MATXROKU
| Q4 25 | $176.9M | $107.7M | ||
| Q3 25 | $175.6M | $127.6M | ||
| Q2 25 | $105.6M | $109.7M | ||
| Q1 25 | $89.0M | $138.7M | ||
| Q4 24 | $174.7M | $79.3M | ||
| Q3 24 | $248.6M | $68.7M | ||
| Q2 24 | $307.9M | $23.4M | ||
| Q1 24 | $36.6M | $46.7M |
自由现金流MATXROKU
| Q4 25 | $42.2M | $106.6M | ||
| Q3 25 | $92.4M | $126.5M | ||
| Q2 25 | $19.3M | $108.6M | ||
| Q1 25 | $-200.0K | $136.8M | ||
| Q4 24 | $49.3M | $76.8M | ||
| Q3 24 | $189.0M | $67.6M | ||
| Q2 24 | $238.1M | $22.5M | ||
| Q1 24 | $-18.7M | $46.0M |
自由现金流率MATXROKU
| Q4 25 | 5.0% | 7.6% | ||
| Q3 25 | 10.5% | 10.4% | ||
| Q2 25 | 2.3% | 9.8% | ||
| Q1 25 | -0.0% | 13.4% | ||
| Q4 24 | 5.5% | 6.4% | ||
| Q3 24 | 19.6% | 6.4% | ||
| Q2 24 | 28.1% | 2.3% | ||
| Q1 24 | -2.6% | 5.2% |
资本支出强度MATXROKU
| Q4 25 | 15.8% | 0.1% | ||
| Q3 25 | 9.5% | 0.1% | ||
| Q2 25 | 10.4% | 0.1% | ||
| Q1 25 | 11.4% | 0.2% | ||
| Q4 24 | 14.1% | 0.2% | ||
| Q3 24 | 6.2% | 0.1% | ||
| Q2 24 | 8.2% | 0.1% | ||
| Q1 24 | 7.7% | 0.1% |
现金转化率MATXROKU
| Q4 25 | 1.24× | 1.34× | ||
| Q3 25 | 1.30× | 5.14× | ||
| Q2 25 | 1.12× | 10.45× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.36× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 2.72× | — | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
