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美森（MATX）与SAIA INC（SAIA）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SAIA INC的1.1倍（$851.9M vs $790.0M），美森净利率更高（16.8% vs 6.0%，领先10.8%），SAIA INC同比增速更快（0.1% vs -4.3%），美森自由现金流更多（$42.2M vs $37.5M），过去两年美森的营收复合增速更高（8.6% vs 2.3%）
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。
Saia是美国知名零担货运企业，1924年创立于路易斯安那州霍马。成立最初五十年仅在路易斯安那州和得克萨斯州运营，1980年后逐步向美国南部多州扩张，后续通过同业并购将服务覆盖至36个州，目前位列美国零担承运商前十，年营收超18亿美元。
MATX vs SAIA — 直观对比
营收规模更大
MATX
是对方的1.1倍
$790.0M
营收增速更快
SAIA
高出4.4%
-4.3%
净利率更高
MATX
高出10.8%
6.0%
自由现金流更多
MATX
多$4.7M
$37.5M
两年增速更快
MATX
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $790.0M |
| 净利润 | $143.1M | $47.5M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 8.1% |
| 净利率 | 16.8% | 6.0% |
| 营收同比 | -4.3% | 0.1% |
| 净利润同比 | 11.8% | -37.6% |
| 每股收益（稀释后） | $4.47 | $1.77 |
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MATXSAIA
| Q4 25 | $851.9M | $790.0M | ||
| Q3 25 | $880.1M | $839.6M | ||
| Q2 25 | $830.5M | $817.1M | ||
| Q1 25 | $782.0M | $787.6M | ||
| Q4 24 | $890.3M | $789.0M | ||
| Q3 24 | $962.0M | $842.1M | ||
| Q2 24 | $847.4M | $823.2M | ||
| Q1 24 | $722.1M | $754.8M |
净利润MATXSAIA
| Q4 25 | $143.1M | $47.5M | ||
| Q3 25 | $134.7M | $86.3M | ||
| Q2 25 | $94.7M | $71.4M | ||
| Q1 25 | $72.3M | $49.8M | ||
| Q4 24 | $128.0M | $76.1M | ||
| Q3 24 | $199.1M | $92.7M | ||
| Q2 24 | $113.2M | $102.5M | ||
| Q1 24 | $36.1M | $90.7M |
营业利润率MATXSAIA
| Q4 25 | 16.9% | 8.1% | ||
| Q3 25 | 18.3% | 14.1% | ||
| Q2 25 | 13.6% | 12.2% | ||
| Q1 25 | 10.5% | 8.9% | ||
| Q4 24 | 16.6% | 12.9% | ||
| Q3 24 | 25.2% | 14.9% | ||
| Q2 24 | 14.7% | 16.7% | ||
| Q1 24 | 5.1% | 15.6% |
净利率MATXSAIA
| Q4 25 | 16.8% | 6.0% | ||
| Q3 25 | 15.3% | 10.3% | ||
| Q2 25 | 11.4% | 8.7% | ||
| Q1 25 | 9.2% | 6.3% | ||
| Q4 24 | 14.4% | 9.6% | ||
| Q3 24 | 20.7% | 11.0% | ||
| Q2 24 | 13.4% | 12.5% | ||
| Q1 24 | 5.0% | 12.0% |
每股收益（稀释后）MATXSAIA
| Q4 25 | $4.47 | $1.77 | ||
| Q3 25 | $4.24 | $3.22 | ||
| Q2 25 | $2.92 | $2.67 | ||
| Q1 25 | $2.18 | $1.86 | ||
| Q4 24 | $3.69 | $2.84 | ||
| Q3 24 | $5.89 | $3.46 | ||
| Q2 24 | $3.31 | $3.83 | ||
| Q1 24 | $1.04 | $3.38 |
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 | $19.7M |
| 总债务越低越好 | $361.2M | $163.0M |
| 股东权益账面价值 | $2.8B | $2.6B |
| 总资产 | $4.6B | $3.5B |
| 负债/权益比越低杠杆越低 | 0.13× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资MATXSAIA
| Q4 25 | $141.9M | $19.7M | ||
| Q3 25 | $92.7M | $35.5M | ||
| Q2 25 | $59.1M | $18.8M | ||
| Q1 25 | $122.0M | $16.5M | ||
| Q4 24 | $266.8M | $19.5M | ||
| Q3 24 | $270.3M | $14.4M | ||
| Q2 24 | $168.2M | $11.2M | ||
| Q1 24 | $25.9M | $12.3M |
总债务MATXSAIA
| Q4 25 | $361.2M | $163.0M | ||
| Q3 25 | $370.9M | $218.0M | ||
| Q2 25 | $341.3M | $307.1M | ||
| Q1 25 | $351.1M | $291.8M | ||
| Q4 24 | $361.2M | $195.0M | ||
| Q3 24 | $370.9M | $184.2M | ||
| Q2 24 | $381.0M | $169.1M | ||
| Q1 24 | $390.8M | $76.6M |
股东权益MATXSAIA
| Q4 25 | $2.8B | $2.6B | ||
| Q3 25 | $2.7B | $2.5B | ||
| Q2 25 | $2.6B | $2.4B | ||
| Q1 25 | $2.6B | $2.4B | ||
| Q4 24 | $2.7B | $2.3B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.4B | $2.0B |
总资产MATXSAIA
| Q4 25 | $4.6B | $3.5B | ||
| Q3 25 | $4.6B | $3.5B | ||
| Q2 25 | $4.5B | $3.5B | ||
| Q1 25 | $4.5B | $3.4B | ||
| Q4 24 | $4.6B | $3.2B | ||
| Q3 24 | $4.4B | $3.1B | ||
| Q2 24 | $4.3B | $3.0B | ||
| Q1 24 | $4.2B | $2.8B |
负债/权益比MATXSAIA
| Q4 25 | 0.13× | 0.06× | ||
| Q3 25 | 0.14× | 0.09× | ||
| Q2 25 | 0.13× | 0.13× | ||
| Q1 25 | 0.13× | 0.12× | ||
| Q4 24 | 0.14× | 0.08× | ||
| Q3 24 | 0.15× | 0.08× | ||
| Q2 24 | 0.16× | 0.08× | ||
| Q1 24 | 0.16× | 0.04× |
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 | $137.3M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $37.5M |
| 自由现金流率自由现金流/营收 | 5.0% | 4.7% |
| 资本支出强度资本支出/营收 | 15.8% | 12.6% |
| 现金转化率经营现金流/净利润 | 1.24× | 2.89× |
| 过去12个月自由现金流最近4个季度 | $153.7M | $27.3M |
8季度趋势，按日历期对齐
经营现金流MATXSAIA
| Q4 25 | $176.9M | $137.3M | ||
| Q3 25 | $175.6M | $177.8M | ||
| Q2 25 | $105.6M | $170.7M | ||
| Q1 25 | $89.0M | $109.1M | ||
| Q4 24 | $174.7M | $164.7M | ||
| Q3 24 | $248.6M | $181.7M | ||
| Q2 24 | $307.9M | $130.8M | ||
| Q1 24 | $36.6M | $106.5M |
自由现金流MATXSAIA
| Q4 25 | $42.2M | $37.5M | ||
| Q3 25 | $92.4M | $87.6M | ||
| Q2 25 | $19.3M | $-3.9M | ||
| Q1 25 | $-200.0K | $-93.8M | ||
| Q4 24 | $49.3M | $-3.5M | ||
| Q3 24 | $189.0M | $-11.7M | ||
| Q2 24 | $238.1M | $-94.0M | ||
| Q1 24 | $-18.7M | $-350.7M |
自由现金流率MATXSAIA
| Q4 25 | 5.0% | 4.7% | ||
| Q3 25 | 10.5% | 10.4% | ||
| Q2 25 | 2.3% | -0.5% | ||
| Q1 25 | -0.0% | -11.9% | ||
| Q4 24 | 5.5% | -0.4% | ||
| Q3 24 | 19.6% | -1.4% | ||
| Q2 24 | 28.1% | -11.4% | ||
| Q1 24 | -2.6% | -46.5% |
资本支出强度MATXSAIA
| Q4 25 | 15.8% | 12.6% | ||
| Q3 25 | 9.5% | 10.8% | ||
| Q2 25 | 10.4% | 21.4% | ||
| Q1 25 | 11.4% | 25.8% | ||
| Q4 24 | 14.1% | 21.3% | ||
| Q3 24 | 6.2% | 23.0% | ||
| Q2 24 | 8.2% | 27.3% | ||
| Q1 24 | 7.7% | 60.6% |
现金转化率MATXSAIA
| Q4 25 | 1.24× | 2.89× | ||
| Q3 25 | 1.30× | 2.06× | ||
| Q2 25 | 1.12× | 2.39× | ||
| Q1 25 | 1.23× | 2.19× | ||
| Q4 24 | 1.36× | 2.16× | ||
| Q3 24 | 1.25× | 1.96× | ||
| Q2 24 | 2.72× | 1.28× | ||
| Q1 24 | 1.01× | 1.17× |
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% |
SAIA
暂无分部数据
