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美森（MATX）与SLM Corp（SLM）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SLM Corp的1.5倍（$851.9M vs $560.0M），SLM Corp净利率更高（55.0% vs 16.8%，领先38.2%），过去两年SLM Corp的营收复合增速更高（22.7% 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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
MATX vs SLM — 直观对比
营收规模更大
MATX
是对方的1.5倍
$560.0M
净利率更高
SLM
高出38.2%
16.8%
两年增速更快
SLM
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $560.0M |
| 净利润 | $143.1M | $308.0M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 69.6% |
| 净利率 | 16.8% | 55.0% |
| 营收同比 | -4.3% | — |
| 净利润同比 | 11.8% | 1.0% |
| 每股收益（稀释后） | $4.47 | $1.54 |
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MATXSLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | $851.9M | $377.1M | ||
| Q3 25 | $880.1M | $373.0M | ||
| Q2 25 | $830.5M | $376.8M | ||
| Q1 25 | $782.0M | $375.0M | ||
| Q4 24 | $890.3M | $362.2M | ||
| Q3 24 | $962.0M | $359.4M | ||
| Q2 24 | $847.4M | $372.2M |
净利润MATXSLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | $143.1M | $233.2M | ||
| Q3 25 | $134.7M | $135.8M | ||
| Q2 25 | $94.7M | $71.3M | ||
| Q1 25 | $72.3M | $304.5M | ||
| Q4 24 | $128.0M | $111.6M | ||
| Q3 24 | $199.1M | $-45.2M | ||
| Q2 24 | $113.2M | $252.0M |
营业利润率MATXSLM
| Q1 26 | — | 69.6% | ||
| Q4 25 | 16.9% | 83.8% | ||
| Q3 25 | 18.3% | 49.8% | ||
| Q2 25 | 13.6% | 23.3% | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 16.6% | 36.5% | ||
| Q3 24 | 25.2% | -16.6% | ||
| Q2 24 | 14.7% | 91.0% |
净利率MATXSLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | 16.8% | 61.8% | ||
| Q3 25 | 15.3% | 36.4% | ||
| Q2 25 | 11.4% | 18.9% | ||
| Q1 25 | 9.2% | 81.2% | ||
| Q4 24 | 14.4% | 30.8% | ||
| Q3 24 | 20.7% | -12.6% | ||
| Q2 24 | 13.4% | 67.7% |
每股收益（稀释后）MATXSLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | $4.47 | $1.11 | ||
| Q3 25 | $4.24 | $0.63 | ||
| Q2 25 | $2.92 | $0.32 | ||
| Q1 25 | $2.18 | $1.40 | ||
| Q4 24 | $3.69 | $0.53 | ||
| Q3 24 | $5.89 | $-0.23 | ||
| Q2 24 | $3.31 | $1.11 |
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 | $5.2B |
| 总债务越低越好 | $361.2M | $6.2B |
| 股东权益账面价值 | $2.8B | $2.4B |
| 总资产 | $4.6B | $29.4B |
| 负债/权益比越低杠杆越低 | 0.13× | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资MATXSLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | $141.9M | $4.2B | ||
| Q3 25 | $92.7M | $3.5B | ||
| Q2 25 | $59.1M | $4.1B | ||
| Q1 25 | $122.0M | $3.7B | ||
| Q4 24 | $266.8M | $4.7B | ||
| Q3 24 | $270.3M | $4.5B | ||
| Q2 24 | $168.2M | $5.3B |
总债务MATXSLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | $361.2M | $5.4B | ||
| Q3 25 | $370.9M | $6.8B | ||
| Q2 25 | $341.3M | $6.4B | ||
| Q1 25 | $351.1M | $6.1B | ||
| Q4 24 | $361.2M | $6.4B | ||
| Q3 24 | $370.9M | $6.0B | ||
| Q2 24 | $381.0M | $5.4B |
股东权益MATXSLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.8B | $2.5B | ||
| Q3 25 | $2.7B | $2.3B | ||
| Q2 25 | $2.6B | $2.4B | ||
| Q1 25 | $2.6B | $2.4B | ||
| Q4 24 | $2.7B | $2.2B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.4B | $2.3B |
总资产MATXSLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | $4.6B | $29.7B | ||
| Q3 25 | $4.6B | $29.6B | ||
| Q2 25 | $4.5B | $29.6B | ||
| Q1 25 | $4.5B | $28.9B | ||
| Q4 24 | $4.6B | $30.1B | ||
| Q3 24 | $4.4B | $30.0B | ||
| Q2 24 | $4.3B | $28.8B |
负债/权益比MATXSLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | 0.13× | 2.19× | ||
| Q3 25 | 0.14× | 2.92× | ||
| Q2 25 | 0.13× | 2.70× | ||
| Q1 25 | 0.13× | 2.56× | ||
| Q4 24 | 0.14× | 2.98× | ||
| Q3 24 | 0.15× | 2.83× | ||
| Q2 24 | 0.16× | 2.37× |
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 | — |
| 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× | — |
| 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MATXSLM
| Q1 26 | — | — | ||
| Q4 25 | $176.9M | $-64.5M | ||
| Q3 25 | $175.6M | $-49.3M | ||
| Q2 25 | $105.6M | $-138.7M | ||
| Q1 25 | $89.0M | $-146.1M | ||
| Q4 24 | $174.7M | $4.5M | ||
| Q3 24 | $248.6M | $-113.4M | ||
| Q2 24 | $307.9M | $-143.8M |
自由现金流MATXSLM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率MATXSLM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度MATXSLM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率MATXSLM
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | -0.28× | ||
| Q3 25 | 1.30× | -0.36× | ||
| Q2 25 | 1.12× | -1.95× | ||
| Q1 25 | 1.23× | -0.48× | ||
| Q4 24 | 1.36× | 0.04× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 2.72× | -0.57× |
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% |
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
