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美森（MATX）与STARWOOD PROPERTY TRUST, INC.（STWD）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STARWOOD PROPERTY TRUST, INC.的1.7倍（$851.9M vs $492.9M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 16.8%，领先2.9%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs -4.3%），过去两年美森的营收复合增速更高（8.6% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
MATX vs STWD — 直观对比
营收规模更大
MATX
是对方的1.7倍
$492.9M
营收增速更快
STWD
高出12.8%
-4.3%
净利率更高
STWD
高出2.9%
16.8%
两年增速更快
MATX
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $492.9M |
| 净利润 | $143.1M | $96.9M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 26.6% |
| 净利率 | 16.8% | 19.7% |
| 营收同比 | -4.3% | 8.5% |
| 净利润同比 | 11.8% | 87.7% |
| 每股收益（稀释后） | $4.47 | $0.25 |
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MATXSTWD
| Q4 25 | $851.9M | $492.9M | ||
| Q3 25 | $880.1M | $488.9M | ||
| Q2 25 | $830.5M | $444.3M | ||
| Q1 25 | $782.0M | $418.2M | ||
| Q4 24 | $890.3M | $454.4M | ||
| Q3 24 | $962.0M | $479.5M | ||
| Q2 24 | $847.4M | $489.8M | ||
| Q1 24 | $722.1M | $523.1M |
净利润MATXSTWD
| Q4 25 | $143.1M | $96.9M | ||
| Q3 25 | $134.7M | $72.6M | ||
| Q2 25 | $94.7M | $129.8M | ||
| Q1 25 | $72.3M | $112.3M | ||
| Q4 24 | $128.0M | $51.6M | ||
| Q3 24 | $199.1M | $76.1M | ||
| Q2 24 | $113.2M | $77.9M | ||
| Q1 24 | $36.1M | $154.3M |
营业利润率MATXSTWD
| Q4 25 | 16.9% | 26.6% | ||
| Q3 25 | 18.3% | 19.1% | ||
| Q2 25 | 13.6% | 30.5% | ||
| Q1 25 | 10.5% | 28.7% | ||
| Q4 24 | 16.6% | 15.1% | ||
| Q3 24 | 25.2% | 17.2% | ||
| Q2 24 | 14.7% | 19.1% | ||
| Q1 24 | 5.1% | 30.8% |
净利率MATXSTWD
| Q4 25 | 16.8% | 19.7% | ||
| Q3 25 | 15.3% | 14.8% | ||
| Q2 25 | 11.4% | 29.2% | ||
| Q1 25 | 9.2% | 26.8% | ||
| Q4 24 | 14.4% | 11.4% | ||
| Q3 24 | 20.7% | 15.9% | ||
| Q2 24 | 13.4% | 15.9% | ||
| Q1 24 | 5.0% | 29.5% |
每股收益（稀释后）MATXSTWD
| Q4 25 | $4.47 | $0.25 | ||
| Q3 25 | $4.24 | $0.19 | ||
| Q2 25 | $2.92 | $0.38 | ||
| Q1 25 | $2.18 | $0.33 | ||
| Q4 24 | $3.69 | $0.15 | ||
| Q3 24 | $5.89 | $0.23 | ||
| Q2 24 | $3.31 | $0.24 | ||
| Q1 24 | $1.04 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $6.8B |
| 总资产 | $4.6B | $63.2B |
| 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MATXSTWD
| Q4 25 | $141.9M | $499.5M | ||
| Q3 25 | $92.7M | $301.1M | ||
| Q2 25 | $59.1M | $259.9M | ||
| Q1 25 | $122.0M | $440.6M | ||
| Q4 24 | $266.8M | $377.8M | ||
| Q3 24 | $270.3M | $357.9M | ||
| Q2 24 | $168.2M | $259.3M | ||
| Q1 24 | $25.9M | $327.4M |
总债务MATXSTWD
| Q4 25 | $361.2M | — | ||
| Q3 25 | $370.9M | — | ||
| Q2 25 | $341.3M | — | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | — | ||
| Q3 24 | $370.9M | — | ||
| Q2 24 | $381.0M | — | ||
| Q1 24 | $390.8M | — |
股东权益MATXSTWD
| Q4 25 | $2.8B | $6.8B | ||
| Q3 25 | $2.7B | $6.9B | ||
| Q2 25 | $2.6B | $6.4B | ||
| Q1 25 | $2.6B | $6.4B | ||
| Q4 24 | $2.7B | $6.4B | ||
| Q3 24 | $2.6B | $6.5B | ||
| Q2 24 | $2.4B | $6.2B | ||
| Q1 24 | $2.4B | $6.3B |
总资产MATXSTWD
| Q4 25 | $4.6B | $63.2B | ||
| Q3 25 | $4.6B | $62.4B | ||
| Q2 25 | $4.5B | $62.4B | ||
| Q1 25 | $4.5B | $62.2B | ||
| Q4 24 | $4.6B | $62.6B | ||
| Q3 24 | $4.4B | $64.2B | ||
| Q2 24 | $4.3B | $64.1B | ||
| Q1 24 | $4.2B | $66.2B |
负债/权益比MATXSTWD
| Q4 25 | 0.13× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | — | ||
| 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 | $488.8M |
| 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× | 5.04× |
| 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MATXSTWD
| Q4 25 | $176.9M | $488.8M | ||
| Q3 25 | $175.6M | $337.6M | ||
| Q2 25 | $105.6M | $-87.4M | ||
| Q1 25 | $89.0M | $238.9M | ||
| Q4 24 | $174.7M | $295.6M | ||
| Q3 24 | $248.6M | $241.8M | ||
| Q2 24 | $307.9M | $53.3M | ||
| Q1 24 | $36.6M | $55.9M |
自由现金流MATXSTWD
| 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 | — | ||
| Q1 24 | $-18.7M | — |
自由现金流率MATXSTWD
| 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% | — | ||
| Q1 24 | -2.6% | — |
资本支出强度MATXSTWD
| 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% | — | ||
| Q1 24 | 7.7% | — |
现金转化率MATXSTWD
| Q4 25 | 1.24× | 5.04× | ||
| Q3 25 | 1.30× | 4.65× | ||
| Q2 25 | 1.12× | -0.67× | ||
| Q1 25 | 1.23× | 2.13× | ||
| Q4 24 | 1.36× | 5.72× | ||
| Q3 24 | 1.25× | 3.18× | ||
| Q2 24 | 2.72× | 0.68× | ||
| Q1 24 | 1.01× | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
