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美森（MATX）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Snap Inc的季度营收约是美森的1.8倍（$1.5B vs $851.9M），美森净利率更高（16.8% vs -5.8%，领先22.6%），Snap Inc同比增速更快（12.1% vs -4.3%），Snap Inc自由现金流更多（$286.0M vs $42.2M），过去两年Snap Inc的营收复合增速更高（11.2% 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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
MATX vs SNAP — 直观对比
营收规模更大
SNAP
是对方的1.8倍
$851.9M
营收增速更快
SNAP
高出16.5%
-4.3%
净利率更高
MATX
高出22.6%
-5.8%
自由现金流更多
SNAP
多$243.8M
$42.2M
两年增速更快
SNAP
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $1.5B |
| 净利润 | $143.1M | $-89.0M |
| 毛利率 | — | 56.5% |
| 营业利润率 | 16.9% | -4.9% |
| 净利率 | 16.8% | -5.8% |
| 营收同比 | -4.3% | 12.1% |
| 净利润同比 | 11.8% | 36.3% |
| 每股收益（稀释后） | $4.47 | $-0.05 |
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MATXSNAP
| Q1 26 | — | $1.5B | ||
| Q4 25 | $851.9M | $1.7B | ||
| Q3 25 | $880.1M | $1.5B | ||
| Q2 25 | $830.5M | $1.3B | ||
| Q1 25 | $782.0M | $1.4B | ||
| Q4 24 | $890.3M | $1.6B | ||
| Q3 24 | $962.0M | $1.4B | ||
| Q2 24 | $847.4M | $1.2B |
净利润MATXSNAP
| Q1 26 | — | $-89.0M | ||
| Q4 25 | $143.1M | $45.2M | ||
| Q3 25 | $134.7M | $-103.5M | ||
| Q2 25 | $94.7M | $-262.6M | ||
| Q1 25 | $72.3M | $-139.6M | ||
| Q4 24 | $128.0M | $9.1M | ||
| Q3 24 | $199.1M | $-153.2M | ||
| Q2 24 | $113.2M | $-248.6M |
毛利率MATXSNAP
| Q1 26 | — | 56.5% | ||
| Q4 25 | — | 59.1% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 51.4% | ||
| Q1 25 | — | 53.1% | ||
| Q4 24 | — | 56.9% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 52.4% |
营业利润率MATXSNAP
| Q1 26 | — | -4.9% | ||
| Q4 25 | 16.9% | 2.9% | ||
| Q3 25 | 18.3% | -8.5% | ||
| Q2 25 | 13.6% | -19.3% | ||
| Q1 25 | 10.5% | -14.2% | ||
| Q4 24 | 16.6% | -1.7% | ||
| Q3 24 | 25.2% | -12.6% | ||
| Q2 24 | 14.7% | -20.5% |
净利率MATXSNAP
| Q1 26 | — | -5.8% | ||
| Q4 25 | 16.8% | 2.6% | ||
| Q3 25 | 15.3% | -6.9% | ||
| Q2 25 | 11.4% | -19.5% | ||
| Q1 25 | 9.2% | -10.2% | ||
| Q4 24 | 14.4% | 0.6% | ||
| Q3 24 | 20.7% | -11.2% | ||
| Q2 24 | 13.4% | -20.1% |
每股收益（稀释后）MATXSNAP
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $4.47 | $0.03 | ||
| Q3 25 | $4.24 | $-0.06 | ||
| Q2 25 | $2.92 | $-0.16 | ||
| Q1 25 | $2.18 | $-0.08 | ||
| Q4 24 | $3.69 | $0.01 | ||
| Q3 24 | $5.89 | $-0.09 | ||
| Q2 24 | $3.31 | $-0.15 |
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 | $1.1B |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $2.1B |
| 总资产 | $4.6B | $7.5B |
| 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MATXSNAP
| Q1 26 | — | $1.1B | ||
| Q4 25 | $141.9M | $2.9B | ||
| Q3 25 | $92.7M | $3.0B | ||
| Q2 25 | $59.1M | $2.9B | ||
| Q1 25 | $122.0M | $3.2B | ||
| Q4 24 | $266.8M | $3.4B | ||
| Q3 24 | $270.3M | $3.2B | ||
| Q2 24 | $168.2M | $3.1B |
总债务MATXSNAP
| Q1 26 | — | — | ||
| Q4 25 | $361.2M | $3.5B | ||
| Q3 25 | $370.9M | $3.5B | ||
| Q2 25 | $341.3M | $3.6B | ||
| Q1 25 | $351.1M | $3.6B | ||
| Q4 24 | $361.2M | $3.6B | ||
| Q3 24 | $370.9M | $3.6B | ||
| Q2 24 | $381.0M | $3.6B |
股东权益MATXSNAP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.8B | $2.3B | ||
| Q3 25 | $2.7B | $2.2B | ||
| Q2 25 | $2.6B | $2.1B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.7B | $2.5B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.4B | $2.1B |
总资产MATXSNAP
| Q1 26 | — | $7.5B | ||
| Q4 25 | $4.6B | $7.7B | ||
| Q3 25 | $4.6B | $7.6B | ||
| Q2 25 | $4.5B | $7.4B | ||
| Q1 25 | $4.5B | $7.6B | ||
| Q4 24 | $4.6B | $7.9B | ||
| Q3 24 | $4.4B | $7.6B | ||
| Q2 24 | $4.3B | $7.4B |
负债/权益比MATXSNAP
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 1.55× | ||
| Q3 25 | 0.14× | 1.59× | ||
| Q2 25 | 0.13× | 1.73× | ||
| Q1 25 | 0.13× | 1.56× | ||
| Q4 24 | 0.14× | 1.49× | ||
| Q3 24 | 0.15× | 1.65× | ||
| Q2 24 | 0.16× | 1.76× |
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 | $326.8M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $286.0M |
| 自由现金流率自由现金流/营收 | 5.0% | 18.7% |
| 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 | $608.8M |
8季度趋势，按日历期对齐
经营现金流MATXSNAP
| Q1 26 | — | $326.8M | ||
| Q4 25 | $176.9M | $269.6M | ||
| Q3 25 | $175.6M | $146.5M | ||
| Q2 25 | $105.6M | $88.5M | ||
| Q1 25 | $89.0M | $151.6M | ||
| Q4 24 | $174.7M | $230.6M | ||
| Q3 24 | $248.6M | $115.9M | ||
| Q2 24 | $307.9M | $-21.4M |
自由现金流MATXSNAP
| Q1 26 | — | $286.0M | ||
| Q4 25 | $42.2M | $205.6M | ||
| Q3 25 | $92.4M | $93.4M | ||
| Q2 25 | $19.3M | $23.8M | ||
| Q1 25 | $-200.0K | $114.4M | ||
| Q4 24 | $49.3M | $182.4M | ||
| Q3 24 | $189.0M | $71.8M | ||
| Q2 24 | $238.1M | $-73.4M |
自由现金流率MATXSNAP
| Q1 26 | — | 18.7% | ||
| Q4 25 | 5.0% | 12.0% | ||
| Q3 25 | 10.5% | 6.2% | ||
| Q2 25 | 2.3% | 1.8% | ||
| Q1 25 | -0.0% | 8.4% | ||
| Q4 24 | 5.5% | 11.7% | ||
| Q3 24 | 19.6% | 5.2% | ||
| Q2 24 | 28.1% | -5.9% |
资本支出强度MATXSNAP
| Q1 26 | — | — | ||
| Q4 25 | 15.8% | 3.7% | ||
| Q3 25 | 9.5% | 3.5% | ||
| Q2 25 | 10.4% | 4.8% | ||
| Q1 25 | 11.4% | 2.7% | ||
| Q4 24 | 14.1% | 3.1% | ||
| Q3 24 | 6.2% | 3.2% | ||
| Q2 24 | 8.2% | 4.2% |
现金转化率MATXSNAP
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | 5.96× | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.36× | 25.34× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 2.72× | — |
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% |
SNAP
暂无分部数据
