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美森（MATX）与Atlassian Corp（TEAM）财务数据对比。点击上方公司名可切换其他公司
Atlassian Corp的季度营收约是美森的2.1倍（$1.8B vs $851.9M），美森净利率更高（16.8% vs -5.5%，领先22.3%），Atlassian Corp同比增速更快（31.7% vs -4.3%），Atlassian Corp自由现金流更多（$561.3M vs $42.2M），过去两年Atlassian Corp的营收复合增速更高（22.6% 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。
Dragoneer投资集团是总部位于美国加利福尼亚州旧金山的专业投资机构，专注于全球科技领域的投资布局，业务覆盖公开股票市场与私募股权市场，在全球科技投资赛道拥有丰富的运作经验和行业资源。
MATX vs TEAM — 直观对比
营收规模更大
TEAM
是对方的2.1倍
$851.9M
营收增速更快
TEAM
高出36.0%
-4.3%
净利率更高
MATX
高出22.3%
-5.5%
自由现金流更多
TEAM
多$519.1M
$42.2M
两年增速更快
TEAM
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $1.8B |
| 净利润 | $143.1M | $-98.4M |
| 毛利率 | — | 85.3% |
| 营业利润率 | 16.9% | 11.6% |
| 净利率 | 16.8% | -5.5% |
| 营收同比 | -4.3% | 31.7% |
| 净利润同比 | 11.8% | -39.0% |
| 每股收益（稀释后） | $4.47 | $-0.38 |
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MATXTEAM
| Q1 26 | — | $1.8B | ||
| Q4 25 | $851.9M | $1.6B | ||
| Q3 25 | $880.1M | $1.4B | ||
| Q2 25 | $830.5M | $1.4B | ||
| Q1 25 | $782.0M | $1.4B | ||
| Q4 24 | $890.3M | $1.3B | ||
| Q3 24 | $962.0M | $1.2B | ||
| Q2 24 | $847.4M | — |
净利润MATXTEAM
| Q1 26 | — | $-98.4M | ||
| Q4 25 | $143.1M | $-42.6M | ||
| Q3 25 | $134.7M | $-51.9M | ||
| Q2 25 | $94.7M | $-23.9M | ||
| Q1 25 | $72.3M | $-70.8M | ||
| Q4 24 | $128.0M | $-38.2M | ||
| Q3 24 | $199.1M | $-123.8M | ||
| Q2 24 | $113.2M | — |
毛利率MATXTEAM
| Q1 26 | — | 85.3% | ||
| Q4 25 | — | 85.0% | ||
| Q3 25 | — | 82.0% | ||
| Q2 25 | — | 83.1% | ||
| Q1 25 | — | 83.8% | ||
| Q4 24 | — | 82.7% | ||
| Q3 24 | — | 81.7% | ||
| Q2 24 | — | — |
营业利润率MATXTEAM
| Q1 26 | — | 11.6% | ||
| Q4 25 | 16.9% | -3.0% | ||
| Q3 25 | 18.3% | -6.7% | ||
| Q2 25 | 13.6% | -2.1% | ||
| Q1 25 | 10.5% | -0.9% | ||
| Q4 24 | 16.6% | -4.5% | ||
| Q3 24 | 25.2% | -2.7% | ||
| Q2 24 | 14.7% | — |
净利率MATXTEAM
| Q1 26 | — | -5.5% | ||
| Q4 25 | 16.8% | -2.7% | ||
| Q3 25 | 15.3% | -3.6% | ||
| Q2 25 | 11.4% | -1.7% | ||
| Q1 25 | 9.2% | -5.2% | ||
| Q4 24 | 14.4% | -3.0% | ||
| Q3 24 | 20.7% | -10.4% | ||
| Q2 24 | 13.4% | — |
每股收益（稀释后）MATXTEAM
| Q1 26 | — | $-0.38 | ||
| Q4 25 | $4.47 | $-0.16 | ||
| Q3 25 | $4.24 | $-0.20 | ||
| Q2 25 | $2.92 | $-0.08 | ||
| Q1 25 | $2.18 | $-0.27 | ||
| Q4 24 | $3.69 | $-0.15 | ||
| Q3 24 | $5.89 | $-0.48 | ||
| Q2 24 | $3.31 | — |
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 | $989.1M |
| 股东权益账面价值 | $2.8B | $879.0M |
| 总资产 | $4.6B | $5.7B |
| 负债/权益比越低杠杆越低 | 0.13× | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资MATXTEAM
| Q1 26 | — | $1.1B | ||
| Q4 25 | $141.9M | $1.6B | ||
| Q3 25 | $92.7M | $2.8B | ||
| Q2 25 | $59.1M | $2.9B | ||
| Q1 25 | $122.0M | $3.0B | ||
| Q4 24 | $266.8M | $2.5B | ||
| Q3 24 | $270.3M | $2.2B | ||
| Q2 24 | $168.2M | — |
总债务MATXTEAM
| Q1 26 | — | $989.1M | ||
| 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 | — |
股东权益MATXTEAM
| Q1 26 | — | $879.0M | ||
| Q4 25 | $2.8B | $1.6B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.7B | $1.2B | ||
| Q3 24 | $2.6B | $1.0B | ||
| Q2 24 | $2.4B | — |
总资产MATXTEAM
| Q1 26 | — | $5.7B | ||
| Q4 25 | $4.6B | $6.2B | ||
| Q3 25 | $4.6B | $5.7B | ||
| Q2 25 | $4.5B | $6.0B | ||
| Q1 25 | $4.5B | $5.9B | ||
| Q4 24 | $4.6B | $5.4B | ||
| Q3 24 | $4.4B | $5.0B | ||
| Q2 24 | $4.3B | — |
负债/权益比MATXTEAM
| Q1 26 | — | 1.13× | ||
| 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× | — |
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 | $567.5M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $561.3M |
| 自由现金流率自由现金流/营收 | 5.0% | 31.4% |
| 资本支出强度资本支出/营收 | 15.8% | 0.3% |
| 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 | $1.2B |
8季度趋势，按日历期对齐
经营现金流MATXTEAM
| Q1 26 | — | $567.5M | ||
| Q4 25 | $176.9M | $177.8M | ||
| Q3 25 | $175.6M | $128.7M | ||
| Q2 25 | $105.6M | $375.3M | ||
| Q1 25 | $89.0M | $652.7M | ||
| Q4 24 | $174.7M | $351.9M | ||
| Q3 24 | $248.6M | $80.5M | ||
| Q2 24 | $307.9M | — |
自由现金流MATXTEAM
| Q1 26 | — | $561.3M | ||
| Q4 25 | $42.2M | $168.5M | ||
| Q3 25 | $92.4M | $114.6M | ||
| Q2 25 | $19.3M | $360.3M | ||
| Q1 25 | $-200.0K | $638.3M | ||
| Q4 24 | $49.3M | $342.6M | ||
| Q3 24 | $189.0M | $74.3M | ||
| Q2 24 | $238.1M | — |
自由现金流率MATXTEAM
| Q1 26 | — | 31.4% | ||
| Q4 25 | 5.0% | 10.6% | ||
| Q3 25 | 10.5% | 8.0% | ||
| Q2 25 | 2.3% | 26.0% | ||
| Q1 25 | -0.0% | 47.0% | ||
| Q4 24 | 5.5% | 26.6% | ||
| Q3 24 | 19.6% | 6.3% | ||
| Q2 24 | 28.1% | — |
资本支出强度MATXTEAM
| Q1 26 | — | 0.3% | ||
| Q4 25 | 15.8% | 0.6% | ||
| Q3 25 | 9.5% | 1.0% | ||
| Q2 25 | 10.4% | 1.1% | ||
| Q1 25 | 11.4% | 1.1% | ||
| Q4 24 | 14.1% | 0.7% | ||
| Q3 24 | 6.2% | 0.5% | ||
| Q2 24 | 8.2% | — |
现金转化率MATXTEAM
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.36× | — | ||
| 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% |
TEAM
| Cloud | $1.1B | 63% |
| Data Center | $560.7M | 31% |
| Marketplace and other (1) | $93.8M | 5% |
