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美森（MATX）与Royalty Pharma plc（RPRX）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Royalty Pharma plc的1.4倍（$851.9M vs $622.0M），Royalty Pharma plc净利率更高（34.4% vs 16.8%，领先17.6%），Royalty Pharma plc同比增速更快（4.8% vs -4.3%），过去两年美森的营收复合增速更高（8.6% vs 4.6%）
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。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
MATX vs RPRX — 直观对比
营收规模更大
MATX
是对方的1.4倍
$622.0M
营收增速更快
RPRX
高出9.1%
-4.3%
净利率更高
RPRX
高出17.6%
16.8%
两年增速更快
MATX
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $622.0M |
| 净利润 | $143.1M | $214.2M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 62.4% |
| 净利率 | 16.8% | 34.4% |
| 营收同比 | -4.3% | 4.8% |
| 净利润同比 | 11.8% | 2.9% |
| 每股收益（稀释后） | $4.47 | $0.49 |
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MATXRPRX
| Q4 25 | $851.9M | $622.0M | ||
| Q3 25 | $880.1M | $609.3M | ||
| Q2 25 | $830.5M | $578.7M | ||
| Q1 25 | $782.0M | $568.2M | ||
| Q4 24 | $890.3M | $593.6M | ||
| Q3 24 | $962.0M | $564.7M | ||
| Q2 24 | $847.4M | $537.3M | ||
| Q1 24 | $722.1M | $568.0M |
净利润MATXRPRX
| Q4 25 | $143.1M | $214.2M | ||
| Q3 25 | $134.7M | $288.2M | ||
| Q2 25 | $94.7M | $30.2M | ||
| Q1 25 | $72.3M | $238.3M | ||
| Q4 24 | $128.0M | $208.2M | ||
| Q3 24 | $199.1M | $544.0M | ||
| Q2 24 | $113.2M | $102.0M | ||
| Q1 24 | $36.1M | $4.8M |
营业利润率MATXRPRX
| Q4 25 | 16.9% | 62.4% | ||
| Q3 25 | 18.3% | 70.1% | ||
| Q2 25 | 13.6% | 36.3% | ||
| Q1 25 | 10.5% | 94.0% | ||
| Q4 24 | 16.6% | 60.9% | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 14.7% | 50.2% | ||
| Q1 24 | 5.1% | -13.0% |
净利率MATXRPRX
| Q4 25 | 16.8% | 34.4% | ||
| Q3 25 | 15.3% | 47.3% | ||
| Q2 25 | 11.4% | 5.2% | ||
| Q1 25 | 9.2% | 41.9% | ||
| Q4 24 | 14.4% | 35.1% | ||
| Q3 24 | 20.7% | 96.3% | ||
| Q2 24 | 13.4% | 19.0% | ||
| Q1 24 | 5.0% | 0.8% |
每股收益（稀释后）MATXRPRX
| Q4 25 | $4.47 | $0.49 | ||
| Q3 25 | $4.24 | $0.67 | ||
| Q2 25 | $2.92 | $0.07 | ||
| Q1 25 | $2.18 | $0.55 | ||
| Q4 24 | $3.69 | $0.46 | ||
| Q3 24 | $5.89 | $1.21 | ||
| Q2 24 | $3.31 | $0.23 | ||
| Q1 24 | $1.04 | $0.01 |
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 | $618.7M |
| 总债务越低越好 | $361.2M | $9.0B |
| 股东权益账面价值 | $2.8B | $9.7B |
| 总资产 | $4.6B | $19.6B |
| 负债/权益比越低杠杆越低 | 0.13× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资MATXRPRX
| Q4 25 | $141.9M | $618.7M | ||
| Q3 25 | $92.7M | $938.9M | ||
| Q2 25 | $59.1M | $631.9M | ||
| Q1 25 | $122.0M | $1.1B | ||
| Q4 24 | $266.8M | $929.0M | ||
| Q3 24 | $270.3M | $950.1M | ||
| Q2 24 | $168.2M | $1.8B | ||
| Q1 24 | $25.9M | $843.0M |
总债务MATXRPRX
| Q4 25 | $361.2M | $9.0B | ||
| Q3 25 | $370.9M | $8.9B | ||
| Q2 25 | $341.3M | $8.0B | ||
| Q1 25 | $351.1M | $7.6B | ||
| Q4 24 | $361.2M | $7.6B | ||
| Q3 24 | $370.9M | $7.6B | ||
| Q2 24 | $381.0M | $7.6B | ||
| Q1 24 | $390.8M | $6.1B |
股东权益MATXRPRX
| Q4 25 | $2.8B | $9.7B | ||
| Q3 25 | $2.7B | $9.6B | ||
| Q2 25 | $2.6B | $9.5B | ||
| Q1 25 | $2.6B | $9.8B | ||
| Q4 24 | $2.7B | $10.3B | ||
| Q3 24 | $2.6B | $10.3B | ||
| Q2 24 | $2.4B | $9.8B | ||
| Q1 24 | $2.4B | $9.9B |
总资产MATXRPRX
| Q4 25 | $4.6B | $19.6B | ||
| Q3 25 | $4.6B | $19.3B | ||
| Q2 25 | $4.5B | $18.3B | ||
| Q1 25 | $4.5B | $17.6B | ||
| Q4 24 | $4.6B | $18.2B | ||
| Q3 24 | $4.4B | $18.0B | ||
| Q2 24 | $4.3B | $17.7B | ||
| Q1 24 | $4.2B | $16.1B |
负债/权益比MATXRPRX
| Q4 25 | 0.13× | 0.92× | ||
| Q3 25 | 0.14× | 0.93× | ||
| Q2 25 | 0.13× | 0.84× | ||
| Q1 25 | 0.13× | 0.78× | ||
| Q4 24 | 0.14× | 0.74× | ||
| Q3 24 | 0.15× | 0.74× | ||
| Q2 24 | 0.16× | 0.78× | ||
| Q1 24 | 0.16× | 0.62× |
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 | $827.1M |
| 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× | 3.86× |
| 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MATXRPRX
| Q4 25 | $176.9M | $827.1M | ||
| Q3 25 | $175.6M | $702.6M | ||
| Q2 25 | $105.6M | $364.0M | ||
| Q1 25 | $89.0M | $596.1M | ||
| Q4 24 | $174.7M | $742.5M | ||
| Q3 24 | $248.6M | $703.6M | ||
| Q2 24 | $307.9M | $658.2M | ||
| Q1 24 | $36.6M | $664.6M |
自由现金流MATXRPRX
| 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MATXRPRX
| 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MATXRPRX
| 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MATXRPRX
| Q4 25 | 1.24× | 3.86× | ||
| Q3 25 | 1.30× | 2.44× | ||
| Q2 25 | 1.12× | 12.06× | ||
| Q1 25 | 1.23× | 2.50× | ||
| Q4 24 | 1.36× | 3.57× | ||
| Q3 24 | 1.25× | 1.29× | ||
| Q2 24 | 2.72× | 6.45× | ||
| Q1 24 | 1.01× | 139.10× |
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% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
