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美森（MATX）与E.W. SCRIPPS Co（SSP）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E.W. SCRIPPS Co的1.5倍（$851.9M vs $560.3M），美森净利率更高（16.8% vs -5.1%，领先21.9%），美森同比增速更快（-4.3% vs -23.1%），美森自由现金流更多（$42.2M vs $31.2M），过去两年美森的营收复合增速更高（8.6% vs -0.1%）
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。
E.W.斯克里普斯公司简称斯克里普斯，是美国的广播传媒企业，1878年由爱德华·威利斯·斯克里普斯与姐姐艾伦·勃朗宁·斯克里普斯创立，最初为日报连锁企业，前身是一家传媒集团，如今总部位于俄亥俄州辛辛那提市的斯克里普斯中心，企业格言为“给人光明，大众自寻前路”，品牌标识为沿用已久的灯塔。
MATX vs SSP — 直观对比
营收规模更大
MATX
是对方的1.5倍
$560.3M
营收增速更快
MATX
高出18.8%
-23.1%
净利率更高
MATX
高出21.9%
-5.1%
自由现金流更多
MATX
多$11.0M
$31.2M
两年增速更快
MATX
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $560.3M |
| 净利润 | $143.1M | $-28.5M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 7.5% |
| 净利率 | 16.8% | -5.1% |
| 营收同比 | -4.3% | -23.1% |
| 净利润同比 | 11.8% | -129.9% |
| 每股收益（稀释后） | $4.47 | $-0.51 |
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MATXSSP
| Q4 25 | $851.9M | $560.3M | ||
| Q3 25 | $880.1M | $525.9M | ||
| Q2 25 | $830.5M | $540.1M | ||
| Q1 25 | $782.0M | $524.4M | ||
| Q4 24 | $890.3M | $728.4M | ||
| Q3 24 | $962.0M | $646.3M | ||
| Q2 24 | $847.4M | $573.6M | ||
| Q1 24 | $722.1M | $561.5M |
净利润MATXSSP
| Q4 25 | $143.1M | $-28.5M | ||
| Q3 25 | $134.7M | $-33.0M | ||
| Q2 25 | $94.7M | $-36.0M | ||
| Q1 25 | $72.3M | $-3.5M | ||
| Q4 24 | $128.0M | $95.4M | ||
| Q3 24 | $199.1M | $47.8M | ||
| Q2 24 | $113.2M | $1.4M | ||
| Q1 24 | $36.1M | $1.6M |
营业利润率MATXSSP
| Q4 25 | 16.9% | 7.5% | ||
| Q3 25 | 18.3% | 7.2% | ||
| Q2 25 | 13.6% | 14.2% | ||
| Q1 25 | 10.5% | 5.2% | ||
| Q4 24 | 16.6% | 26.3% | ||
| Q3 24 | 25.2% | 18.8% | ||
| Q2 24 | 14.7% | 9.7% | ||
| Q1 24 | 5.1% | 7.7% |
净利率MATXSSP
| Q4 25 | 16.8% | -5.1% | ||
| Q3 25 | 15.3% | -6.3% | ||
| Q2 25 | 11.4% | -6.7% | ||
| Q1 25 | 9.2% | -0.7% | ||
| Q4 24 | 14.4% | 13.1% | ||
| Q3 24 | 20.7% | 7.4% | ||
| Q2 24 | 13.4% | 0.2% | ||
| Q1 24 | 5.0% | 0.3% |
每股收益（稀释后）MATXSSP
| Q4 25 | $4.47 | $-0.51 | ||
| Q3 25 | $4.24 | $-0.55 | ||
| Q2 25 | $2.92 | $-0.59 | ||
| Q1 25 | $2.18 | $-0.22 | ||
| Q4 24 | $3.69 | $0.94 | ||
| Q3 24 | $5.89 | $0.37 | ||
| Q2 24 | $3.31 | $-0.15 | ||
| Q1 24 | $1.04 | $-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 | $27.9M |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $1.2B |
| 总资产 | $4.6B | $5.0B |
| 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MATXSSP
| Q4 25 | $141.9M | $27.9M | ||
| Q3 25 | $92.7M | $54.7M | ||
| Q2 25 | $59.1M | $31.7M | ||
| Q1 25 | $122.0M | $24.0M | ||
| Q4 24 | $266.8M | $23.9M | ||
| Q3 24 | $270.3M | $34.6M | ||
| Q2 24 | $168.2M | $26.7M | ||
| Q1 24 | $25.9M | $30.2M |
总债务MATXSSP
| Q4 25 | $361.2M | — | ||
| Q3 25 | $370.9M | — | ||
| Q2 25 | $341.3M | — | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | $2.6B | ||
| Q3 24 | $370.9M | — | ||
| Q2 24 | $381.0M | — | ||
| Q1 24 | $390.8M | — |
股东权益MATXSSP
| Q4 25 | $2.8B | $1.2B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.7B | $1.3B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.4B | $1.2B | ||
| Q1 24 | $2.4B | $1.2B |
总资产MATXSSP
| Q4 25 | $4.6B | $5.0B | ||
| Q3 25 | $4.6B | $5.1B | ||
| Q2 25 | $4.5B | $5.1B | ||
| Q1 25 | $4.5B | $5.1B | ||
| Q4 24 | $4.6B | $5.2B | ||
| Q3 24 | $4.4B | $5.3B | ||
| Q2 24 | $4.3B | $5.3B | ||
| Q1 24 | $4.2B | $5.3B |
负债/权益比MATXSSP
| Q4 25 | 0.13× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | 1.98× | ||
| 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 | $45.1M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $31.2M |
| 自由现金流率自由现金流/营收 | 5.0% | 5.6% |
| 资本支出强度资本支出/营收 | 15.8% | 2.5% |
| 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 | $6.5M |
8季度趋势，按日历期对齐
经营现金流MATXSSP
| Q4 25 | $176.9M | $45.1M | ||
| Q3 25 | $175.6M | $21.8M | ||
| Q2 25 | $105.6M | $-10.5M | ||
| Q1 25 | $89.0M | $-3.3M | ||
| Q4 24 | $174.7M | $153.3M | ||
| Q3 24 | $248.6M | $140.6M | ||
| Q2 24 | $307.9M | $26.4M | ||
| Q1 24 | $36.6M | $45.4M |
自由现金流MATXSSP
| Q4 25 | $42.2M | $31.2M | ||
| Q3 25 | $92.4M | $6.4M | ||
| Q2 25 | $19.3M | $-22.7M | ||
| Q1 25 | $-200.0K | $-8.4M | ||
| Q4 24 | $49.3M | $146.9M | ||
| Q3 24 | $189.0M | $127.4M | ||
| Q2 24 | $238.1M | $2.8M | ||
| Q1 24 | $-18.7M | $23.3M |
自由现金流率MATXSSP
| Q4 25 | 5.0% | 5.6% | ||
| Q3 25 | 10.5% | 1.2% | ||
| Q2 25 | 2.3% | -4.2% | ||
| Q1 25 | -0.0% | -1.6% | ||
| Q4 24 | 5.5% | 20.2% | ||
| Q3 24 | 19.6% | 19.7% | ||
| Q2 24 | 28.1% | 0.5% | ||
| Q1 24 | -2.6% | 4.1% |
资本支出强度MATXSSP
| Q4 25 | 15.8% | 2.5% | ||
| Q3 25 | 9.5% | 2.9% | ||
| Q2 25 | 10.4% | 2.3% | ||
| Q1 25 | 11.4% | 1.0% | ||
| Q4 24 | 14.1% | 0.9% | ||
| Q3 24 | 6.2% | 2.0% | ||
| Q2 24 | 8.2% | 4.1% | ||
| Q1 24 | 7.7% | 3.9% |
现金转化率MATXSSP
| Q4 25 | 1.24× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.36× | 1.61× | ||
| Q3 24 | 1.25× | 2.94× | ||
| Q2 24 | 2.72× | 18.45× | ||
| Q1 24 | 1.01× | 27.94× |
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% |
SSP
| Local Media Segment | $355.1M | 63% |
| Scripps Networks | $199.5M | 36% |
| Political Advertising Revenue | $10.0M | 2% |
