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美森（MATX）与STEWART INFORMATION SERVICES CORP（STC）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STEWART INFORMATION SERVICES CORP的1.1倍（$851.9M vs $764.6M），美森净利率更高（16.8% vs 2.2%，领先14.6%），STEWART INFORMATION SERVICES CORP同比增速更快（27.7% vs -4.3%），过去两年STEWART INFORMATION SERVICES CORP的营收复合增速更高（12.7% 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。
斯图尔特信息服务公司（STC）是一家主营房地产信息、产权保险及交易管理服务的企业，旗下全资子公司斯图尔特产权担保公司、斯图尔特产权公司通过直营网点、斯图尔特可信供应商网络内的独立代理机构及合作企业，为美国及全球市场提供相关产品与服务，总部位于得克萨斯州休斯敦，现有员工约6350人。
MATX vs STC — 直观对比
营收规模更大
MATX
是对方的1.1倍
$764.6M
营收增速更快
STC
高出32.0%
-4.3%
净利率更高
MATX
高出14.6%
2.2%
两年增速更快
STC
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $764.6M |
| 净利润 | $143.1M | $17.0M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | — |
| 净利率 | 16.8% | 2.2% |
| 营收同比 | -4.3% | 27.7% |
| 净利润同比 | 11.8% | 448.4% |
| 每股收益（稀释后） | $4.47 | — |
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MATXSTC
| Q1 26 | — | $764.6M | ||
| Q4 25 | $851.9M | $790.6M | ||
| Q3 25 | $880.1M | $796.9M | ||
| Q2 25 | $830.5M | $722.2M | ||
| Q1 25 | $782.0M | $612.0M | ||
| Q4 24 | $890.3M | $665.9M | ||
| Q3 24 | $962.0M | $667.9M | ||
| Q2 24 | $847.4M | $602.2M |
净利润MATXSTC
| Q1 26 | — | $17.0M | ||
| Q4 25 | $143.1M | $36.3M | ||
| Q3 25 | $134.7M | $44.3M | ||
| Q2 25 | $94.7M | $31.9M | ||
| Q1 25 | $72.3M | $3.1M | ||
| Q4 24 | $128.0M | $22.7M | ||
| Q3 24 | $199.1M | $30.1M | ||
| Q2 24 | $113.2M | $17.3M |
营业利润率MATXSTC
| Q1 26 | — | — | ||
| Q4 25 | 16.9% | 6.5% | ||
| Q3 25 | 18.3% | 7.7% | ||
| Q2 25 | 13.6% | 6.5% | ||
| Q1 25 | 10.5% | 1.0% | ||
| Q4 24 | 16.6% | 5.3% | ||
| Q3 24 | 25.2% | 6.4% | ||
| Q2 24 | 14.7% | 4.8% |
净利率MATXSTC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 16.8% | 4.6% | ||
| Q3 25 | 15.3% | 5.6% | ||
| Q2 25 | 11.4% | 4.4% | ||
| Q1 25 | 9.2% | 0.5% | ||
| Q4 24 | 14.4% | 3.4% | ||
| Q3 24 | 20.7% | 4.5% | ||
| Q2 24 | 13.4% | 2.9% |
每股收益（稀释后）MATXSTC
| Q1 26 | — | — | ||
| Q4 25 | $4.47 | $1.26 | ||
| Q3 25 | $4.24 | $1.55 | ||
| Q2 25 | $2.92 | $1.13 | ||
| Q1 25 | $2.18 | $0.11 | ||
| Q4 24 | $3.69 | $0.81 | ||
| Q3 24 | $5.89 | $1.07 | ||
| Q2 24 | $3.31 | $0.62 |
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 | $317.5M |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | — |
| 总资产 | $4.6B | — |
| 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MATXSTC
| Q1 26 | — | $317.5M | ||
| Q4 25 | $141.9M | $369.7M | ||
| Q3 25 | $92.7M | $233.2M | ||
| Q2 25 | $59.1M | $223.8M | ||
| Q1 25 | $122.0M | $194.2M | ||
| Q4 24 | $266.8M | $257.5M | ||
| Q3 24 | $270.3M | $228.7M | ||
| Q2 24 | $168.2M | $176.7M |
总债务MATXSTC
| Q1 26 | — | — | ||
| Q4 25 | $361.2M | — | ||
| Q3 25 | $370.9M | — | ||
| Q2 25 | $341.3M | — | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | $445.8M | ||
| Q3 24 | $370.9M | — | ||
| Q2 24 | $381.0M | — |
股东权益MATXSTC
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $1.6B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.7B | $1.4B | ||
| Q3 24 | $2.6B | $1.4B | ||
| Q2 24 | $2.4B | $1.4B |
总资产MATXSTC
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | $3.3B | ||
| Q3 25 | $4.6B | $2.8B | ||
| Q2 25 | $4.5B | $2.8B | ||
| Q1 25 | $4.5B | $2.7B | ||
| Q4 24 | $4.6B | $2.7B | ||
| Q3 24 | $4.4B | $2.7B | ||
| Q2 24 | $4.3B | $2.6B |
负债/权益比MATXSTC
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | 0.32× | ||
| Q3 24 | 0.15× | — | ||
| Q2 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 | — |
| 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MATXSTC
| Q1 26 | — | — | ||
| Q4 25 | $176.9M | $89.5M | ||
| Q3 25 | $175.6M | $92.6M | ||
| Q2 25 | $105.6M | $53.4M | ||
| Q1 25 | $89.0M | $-29.9M | ||
| Q4 24 | $174.7M | $68.0M | ||
| Q3 24 | $248.6M | $76.1M | ||
| Q2 24 | $307.9M | $21.1M |
自由现金流MATXSTC
| Q1 26 | — | — | ||
| Q4 25 | $42.2M | $62.3M | ||
| Q3 25 | $92.4M | $73.6M | ||
| Q2 25 | $19.3M | $38.7M | ||
| Q1 25 | $-200.0K | $-42.2M | ||
| Q4 24 | $49.3M | $55.6M | ||
| Q3 24 | $189.0M | $67.4M | ||
| Q2 24 | $238.1M | $11.9M |
自由现金流率MATXSTC
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 7.9% | ||
| Q3 25 | 10.5% | 9.2% | ||
| Q2 25 | 2.3% | 5.4% | ||
| Q1 25 | -0.0% | -6.9% | ||
| Q4 24 | 5.5% | 8.4% | ||
| Q3 24 | 19.6% | 10.1% | ||
| Q2 24 | 28.1% | 2.0% |
资本支出强度MATXSTC
| Q1 26 | — | — | ||
| Q4 25 | 15.8% | 3.4% | ||
| Q3 25 | 9.5% | 2.4% | ||
| Q2 25 | 10.4% | 2.0% | ||
| Q1 25 | 11.4% | 2.0% | ||
| Q4 24 | 14.1% | 1.9% | ||
| Q3 24 | 6.2% | 1.3% | ||
| Q2 24 | 8.2% | 1.5% |
现金转化率MATXSTC
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | 2.47× | ||
| Q3 25 | 1.30× | 2.09× | ||
| Q2 25 | 1.12× | 1.67× | ||
| Q1 25 | 1.23× | -9.73× | ||
| Q4 24 | 1.36× | 2.99× | ||
| Q3 24 | 1.25× | 2.53× | ||
| Q2 24 | 2.72× | 1.22× |
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% |
STC
| Agency title | $333.0M | 44% |
| Direct title | $270.2M | 35% |
| Real estate solutions | $161.4M | 21% |
