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美森（MATX）与Ryerson Holding Corp（RYI）财务数据对比。点击上方公司名可切换其他公司
Ryerson Holding Corp的季度营收约是美森的1.3倍（$1.1B vs $851.9M），美森净利率更高（16.8% vs -3.4%，领先20.2%），Ryerson Holding Corp同比增速更快（9.7% vs -4.3%），Ryerson Holding Corp自由现金流更多（$91.9M vs $42.2M），过去两年美森的营收复合增速更高（8.6% vs -5.6%）
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。
莱森控股集团旗下的约瑟夫·T·莱森父子公司是一家金属加工分销服务商，业务覆盖美国、墨西哥、加拿大与中国。公司创立于1842年，总部位于芝加哥，在全球约100个网点拥有约4200名员工，是金属流通领域资历深厚的专业服务商。
MATX vs RYI — 直观对比
营收规模更大
RYI
是对方的1.3倍
$851.9M
营收增速更快
RYI
高出14.0%
-4.3%
净利率更高
MATX
高出20.2%
-3.4%
自由现金流更多
RYI
多$49.7M
$42.2M
两年增速更快
MATX
近两年复合增速
-5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $1.1B |
| 净利润 | $143.1M | $-37.9M |
| 毛利率 | — | 15.3% |
| 营业利润率 | 16.9% | -3.4% |
| 净利率 | 16.8% | -3.4% |
| 营收同比 | -4.3% | 9.7% |
| 净利润同比 | 11.8% | -781.4% |
| 每股收益（稀释后） | $4.47 | $-1.18 |
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MATXRYI
| Q4 25 | $851.9M | $1.1B | ||
| Q3 25 | $880.1M | $1.2B | ||
| Q2 25 | $830.5M | $1.2B | ||
| Q1 25 | $782.0M | $1.1B | ||
| Q4 24 | $890.3M | $1.0B | ||
| Q3 24 | $962.0M | $1.1B | ||
| Q2 24 | $847.4M | $1.2B | ||
| Q1 24 | $722.1M | $1.2B |
净利润MATXRYI
| Q4 25 | $143.1M | $-37.9M | ||
| Q3 25 | $134.7M | $-14.8M | ||
| Q2 25 | $94.7M | $1.9M | ||
| Q1 25 | $72.3M | $-5.6M | ||
| Q4 24 | $128.0M | $-4.3M | ||
| Q3 24 | $199.1M | $-6.6M | ||
| Q2 24 | $113.2M | $9.9M | ||
| Q1 24 | $36.1M | $-7.6M |
毛利率MATXRYI
| Q4 25 | — | 15.3% | ||
| Q3 25 | — | 17.2% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | — | 18.0% | ||
| Q4 24 | — | 19.0% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | — | 18.2% | ||
| Q1 24 | — | 17.6% |
营业利润率MATXRYI
| Q4 25 | 16.9% | -3.4% | ||
| Q3 25 | 18.3% | -0.1% | ||
| Q2 25 | 13.6% | 0.5% | ||
| Q1 25 | 10.5% | 0.2% | ||
| Q4 24 | 16.6% | 0.3% | ||
| Q3 24 | 25.2% | 0.5% | ||
| Q2 24 | 14.7% | 1.9% | ||
| Q1 24 | 5.1% | 0.1% |
净利率MATXRYI
| Q4 25 | 16.8% | -3.4% | ||
| Q3 25 | 15.3% | -1.3% | ||
| Q2 25 | 11.4% | 0.2% | ||
| Q1 25 | 9.2% | -0.5% | ||
| Q4 24 | 14.4% | -0.4% | ||
| Q3 24 | 20.7% | -0.6% | ||
| Q2 24 | 13.4% | 0.8% | ||
| Q1 24 | 5.0% | -0.6% |
每股收益（稀释后）MATXRYI
| Q4 25 | $4.47 | $-1.18 | ||
| Q3 25 | $4.24 | $-0.46 | ||
| Q2 25 | $2.92 | $0.06 | ||
| Q1 25 | $2.18 | $-0.18 | ||
| Q4 24 | $3.69 | $-0.13 | ||
| Q3 24 | $5.89 | $-0.20 | ||
| Q2 24 | $3.31 | $0.29 | ||
| Q1 24 | $1.04 | $-0.22 |
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 | $26.9M |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $753.1M |
| 总资产 | $4.6B | $2.4B |
| 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MATXRYI
| Q4 25 | $141.9M | $26.9M | ||
| Q3 25 | $92.7M | $29.8M | ||
| Q2 25 | $59.1M | $30.8M | ||
| Q1 25 | $122.0M | $33.6M | ||
| Q4 24 | $266.8M | $27.7M | ||
| Q3 24 | $270.3M | $35.0M | ||
| Q2 24 | $168.2M | $28.0M | ||
| Q1 24 | $25.9M | $41.9M |
总债务MATXRYI
| 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MATXRYI
| Q4 25 | $2.8B | $753.1M | ||
| Q3 25 | $2.7B | $787.3M | ||
| Q2 25 | $2.6B | $811.5M | ||
| Q1 25 | $2.6B | $803.9M | ||
| Q4 24 | $2.7B | $815.3M | ||
| Q3 24 | $2.6B | $832.9M | ||
| Q2 24 | $2.4B | $877.9M | ||
| Q1 24 | $2.4B | $888.5M |
总资产MATXRYI
| Q4 25 | $4.6B | $2.4B | ||
| Q3 25 | $4.6B | $2.5B | ||
| Q2 25 | $4.5B | $2.5B | ||
| Q1 25 | $4.5B | $2.5B | ||
| Q4 24 | $4.6B | $2.4B | ||
| Q3 24 | $4.4B | $2.5B | ||
| Q2 24 | $4.3B | $2.6B | ||
| Q1 24 | $4.2B | $2.7B |
负债/权益比MATXRYI
| 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 | $112.7M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $91.9M |
| 自由现金流率自由现金流/营收 | 5.0% | 8.3% |
| 资本支出强度资本支出/营收 | 15.8% | 1.9% |
| 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 | $35.5M |
8季度趋势，按日历期对齐
经营现金流MATXRYI
| Q4 25 | $176.9M | $112.7M | ||
| Q3 25 | $175.6M | $-8.3M | ||
| Q2 25 | $105.6M | $23.8M | ||
| Q1 25 | $89.0M | $-41.2M | ||
| Q4 24 | $174.7M | $92.2M | ||
| Q3 24 | $248.6M | $134.6M | ||
| Q2 24 | $307.9M | $25.9M | ||
| Q1 24 | $36.6M | $-47.8M |
自由现金流MATXRYI
| Q4 25 | $42.2M | $91.9M | ||
| Q3 25 | $92.4M | $-21.1M | ||
| Q2 25 | $19.3M | $13.9M | ||
| Q1 25 | $-200.0K | $-49.2M | ||
| Q4 24 | $49.3M | $68.7M | ||
| Q3 24 | $189.0M | $103.0M | ||
| Q2 24 | $238.1M | $3.2M | ||
| Q1 24 | $-18.7M | $-69.6M |
自由现金流率MATXRYI
| Q4 25 | 5.0% | 8.3% | ||
| Q3 25 | 10.5% | -1.8% | ||
| Q2 25 | 2.3% | 1.2% | ||
| Q1 25 | -0.0% | -4.3% | ||
| Q4 24 | 5.5% | 6.8% | ||
| Q3 24 | 19.6% | 9.1% | ||
| Q2 24 | 28.1% | 0.3% | ||
| Q1 24 | -2.6% | -5.6% |
资本支出强度MATXRYI
| Q4 25 | 15.8% | 1.9% | ||
| Q3 25 | 9.5% | 1.1% | ||
| Q2 25 | 10.4% | 0.8% | ||
| Q1 25 | 11.4% | 0.7% | ||
| Q4 24 | 14.1% | 2.3% | ||
| Q3 24 | 6.2% | 2.8% | ||
| Q2 24 | 8.2% | 1.9% | ||
| Q1 24 | 7.7% | 1.8% |
现金转化率MATXRYI
| Q4 25 | 1.24× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.12× | 12.53× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.36× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 2.72× | 2.62× | ||
| 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% |
RYI
| US | $988.3M | 89% |
| Non Us | $116.5M | 11% |
