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美森（MATX）与TIDEWATER INC（TDW）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TIDEWATER INC的2.5倍（$851.9M vs $336.8M）。TIDEWATER INC净利率更高（65.3% vs 16.8%，领先48.5%）。TIDEWATER INC同比增速更快（-2.4% vs -4.3%）。TIDEWATER INC自由现金流更多（$147.8M vs $42.2M）。过去两年美森的营收复合增速更高（8.6% vs 2.4%）
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。
Tidewater Inc.是一家公开上市的国际石油服务企业，总部位于美国得克萨斯州休斯敦。公司运营专业船舶船队，主要为海上油气、海上风电行业提供船舶租赁及相关海事服务，是全球海洋能源服务领域的重要参与者。
MATX vs TDW — 直观对比
营收规模更大
MATX
是对方的2.5倍
$336.8M
营收增速更快
TDW
高出1.9%
-4.3%
净利率更高
TDW
高出48.5%
16.8%
自由现金流更多
TDW
多$105.6M
$42.2M
两年增速更快
MATX
近两年复合增速
2.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $336.8M |
| 净利润 | $143.1M | $219.9M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 19.0% |
| 净利率 | 16.8% | 65.3% |
| 营收同比 | -4.3% | -2.4% |
| 净利润同比 | 11.8% | 495.8% |
| 每股收益（稀释后） | $4.47 | $4.37 |
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MATXTDW
| Q4 25 | $851.9M | $336.8M | ||
| Q3 25 | $880.1M | $341.1M | ||
| Q2 25 | $830.5M | $341.4M | ||
| Q1 25 | $782.0M | $333.4M | ||
| Q4 24 | $890.3M | $345.1M | ||
| Q3 24 | $962.0M | $340.4M | ||
| Q2 24 | $847.4M | $339.2M | ||
| Q1 24 | $722.1M | $321.2M |
净利润MATXTDW
| Q4 25 | $143.1M | $219.9M | ||
| Q3 25 | $134.7M | $-806.0K | ||
| Q2 25 | $94.7M | $72.9M | ||
| Q1 25 | $72.3M | $42.7M | ||
| Q4 24 | $128.0M | $36.9M | ||
| Q3 24 | $199.1M | $46.4M | ||
| Q2 24 | $113.2M | $50.4M | ||
| Q1 24 | $36.1M | $47.0M |
营业利润率MATXTDW
| Q4 25 | 16.9% | 19.0% | ||
| Q3 25 | 18.3% | 18.4% | ||
| Q2 25 | 13.6% | 23.7% | ||
| Q1 25 | 10.5% | 22.5% | ||
| Q4 24 | 16.6% | 23.6% | ||
| Q3 24 | 25.2% | 20.6% | ||
| Q2 24 | 14.7% | 23.0% | ||
| Q1 24 | 5.1% | 25.5% |
净利率MATXTDW
| Q4 25 | 16.8% | 65.3% | ||
| Q3 25 | 15.3% | -0.2% | ||
| Q2 25 | 11.4% | 21.4% | ||
| Q1 25 | 9.2% | 12.8% | ||
| Q4 24 | 14.4% | 10.7% | ||
| Q3 24 | 20.7% | 13.6% | ||
| Q2 24 | 13.4% | 14.8% | ||
| Q1 24 | 5.0% | 14.6% |
每股收益（稀释后）MATXTDW
| Q4 25 | $4.47 | $4.37 | ||
| Q3 25 | $4.24 | $-0.02 | ||
| Q2 25 | $2.92 | $1.46 | ||
| Q1 25 | $2.18 | $0.83 | ||
| Q4 24 | $3.69 | $0.70 | ||
| Q3 24 | $5.89 | $0.87 | ||
| Q2 24 | $3.31 | $0.94 | ||
| Q1 24 | $1.04 | $0.89 |
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 | $578.8M |
| 总债务越低越好 | $361.2M | $670.1M |
| 股东权益账面价值 | $2.8B | $1.4B |
| 总资产 | $4.6B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.13× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资MATXTDW
| Q4 25 | $141.9M | $578.8M | ||
| Q3 25 | $92.7M | $428.2M | ||
| Q2 25 | $59.1M | $369.4M | ||
| Q1 25 | $122.0M | $341.8M | ||
| Q4 24 | $266.8M | $324.9M | ||
| Q3 24 | $270.3M | $280.8M | ||
| Q2 24 | $168.2M | $315.9M | ||
| Q1 24 | $25.9M | $280.9M |
总债务MATXTDW
| Q4 25 | $361.2M | $670.1M | ||
| Q3 25 | $370.9M | — | ||
| Q2 25 | $341.3M | — | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | $647.9M | ||
| Q3 24 | $370.9M | — | ||
| Q2 24 | $381.0M | — | ||
| Q1 24 | $390.8M | — |
股东权益MATXTDW
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $2.7B | $1.1B | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.7B | $1.1B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.4B | $1.1B | ||
| Q1 24 | $2.4B | $1.1B |
总资产MATXTDW
| Q4 25 | $4.6B | $2.4B | ||
| Q3 25 | $4.6B | $2.1B | ||
| Q2 25 | $4.5B | $2.1B | ||
| Q1 25 | $4.5B | $2.1B | ||
| Q4 24 | $4.6B | $2.1B | ||
| Q3 24 | $4.4B | $2.0B | ||
| Q2 24 | $4.3B | $2.1B | ||
| Q1 24 | $4.2B | $2.1B |
负债/权益比MATXTDW
| Q4 25 | 0.13× | 0.49× | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | 0.58× | ||
| 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 | $153.0M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $147.8M |
| 自由现金流率自由现金流/营收 | 5.0% | 43.9% |
| 资本支出强度资本支出/营收 | 15.8% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.24× | 0.70× |
| 过去12个月自由现金流最近4个季度 | $153.7M | $353.3M |
8季度趋势，按日历期对齐
经营现金流MATXTDW
| Q4 25 | $176.9M | $153.0M | ||
| Q3 25 | $175.6M | $54.7M | ||
| Q2 25 | $105.6M | $85.4M | ||
| Q1 25 | $89.0M | $86.0M | ||
| Q4 24 | $174.7M | $100.0M | ||
| Q3 24 | $248.6M | $49.0M | ||
| Q2 24 | $307.9M | $78.6M | ||
| Q1 24 | $36.6M | $54.8M |
自由现金流MATXTDW
| Q4 25 | $42.2M | $147.8M | ||
| Q3 25 | $92.4M | $49.6M | ||
| Q2 25 | $19.3M | $80.2M | ||
| Q1 25 | $-200.0K | $75.7M | ||
| Q4 24 | $49.3M | $95.5M | ||
| Q3 24 | $189.0M | $43.3M | ||
| Q2 24 | $238.1M | $72.3M | ||
| Q1 24 | $-18.7M | $43.8M |
自由现金流率MATXTDW
| Q4 25 | 5.0% | 43.9% | ||
| Q3 25 | 10.5% | 14.5% | ||
| Q2 25 | 2.3% | 23.5% | ||
| Q1 25 | -0.0% | 22.7% | ||
| Q4 24 | 5.5% | 27.7% | ||
| Q3 24 | 19.6% | 12.7% | ||
| Q2 24 | 28.1% | 21.3% | ||
| Q1 24 | -2.6% | 13.6% |
资本支出强度MATXTDW
| Q4 25 | 15.8% | 1.5% | ||
| Q3 25 | 9.5% | 1.5% | ||
| Q2 25 | 10.4% | 1.5% | ||
| Q1 25 | 11.4% | 3.1% | ||
| Q4 24 | 14.1% | 1.3% | ||
| Q3 24 | 6.2% | 1.7% | ||
| Q2 24 | 8.2% | 1.9% | ||
| Q1 24 | 7.7% | 3.4% |
现金转化率MATXTDW
| Q4 25 | 1.24× | 0.70× | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.12× | 1.17× | ||
| Q1 25 | 1.23× | 2.02× | ||
| Q4 24 | 1.36× | 2.71× | ||
| Q3 24 | 1.25× | 1.06× | ||
| Q2 24 | 2.72× | 1.56× | ||
| Q1 24 | 1.01× | 1.16× |
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% |
TDW
暂无分部数据
