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美森（MATX）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
Toast, Inc.的季度营收约是美森的1.9倍（$1.6B vs $851.9M），美森净利率更高（16.8% vs 6.2%，领先10.6%），Toast, Inc.同比增速更快（22.0% vs -4.3%），Toast, Inc.自由现金流更多（$178.0M vs $42.2M），过去两年Toast, Inc.的营收复合增速更高（23.3% 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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
MATX vs TOST — 直观对比
营收规模更大
TOST
是对方的1.9倍
$851.9M
营收增速更快
TOST
高出26.4%
-4.3%
净利率更高
MATX
高出10.6%
6.2%
自由现金流更多
TOST
多$135.8M
$42.2M
两年增速更快
TOST
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $1.6B |
| 净利润 | $143.1M | $101.0M |
| 毛利率 | — | 25.9% |
| 营业利润率 | 16.9% | 5.2% |
| 净利率 | 16.8% | 6.2% |
| 营收同比 | -4.3% | 22.0% |
| 净利润同比 | 11.8% | 215.6% |
| 每股收益（稀释后） | $4.47 | $0.18 |
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MATXTOST
| Q4 25 | $851.9M | $1.6B | ||
| Q3 25 | $880.1M | $1.6B | ||
| Q2 25 | $830.5M | $1.6B | ||
| Q1 25 | $782.0M | $1.3B | ||
| Q4 24 | $890.3M | $1.3B | ||
| Q3 24 | $962.0M | $1.3B | ||
| Q2 24 | $847.4M | $1.2B | ||
| Q1 24 | $722.1M | $1.1B |
净利润MATXTOST
| Q4 25 | $143.1M | $101.0M | ||
| Q3 25 | $134.7M | $105.0M | ||
| Q2 25 | $94.7M | $80.0M | ||
| Q1 25 | $72.3M | $56.0M | ||
| Q4 24 | $128.0M | $32.0M | ||
| Q3 24 | $199.1M | $56.0M | ||
| Q2 24 | $113.2M | $14.0M | ||
| Q1 24 | $36.1M | $-83.0M |
毛利率MATXTOST
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 23.2% |
营业利润率MATXTOST
| Q4 25 | 16.9% | 5.2% | ||
| Q3 25 | 18.3% | 5.1% | ||
| Q2 25 | 13.6% | 5.2% | ||
| Q1 25 | 10.5% | 3.2% | ||
| Q4 24 | 16.6% | 2.5% | ||
| Q3 24 | 25.2% | 2.6% | ||
| Q2 24 | 14.7% | 0.4% | ||
| Q1 24 | 5.1% | -5.2% |
净利率MATXTOST
| Q4 25 | 16.8% | 6.2% | ||
| Q3 25 | 15.3% | 6.4% | ||
| Q2 25 | 11.4% | 5.2% | ||
| Q1 25 | 9.2% | 4.2% | ||
| Q4 24 | 14.4% | 2.4% | ||
| Q3 24 | 20.7% | 4.3% | ||
| Q2 24 | 13.4% | 1.1% | ||
| Q1 24 | 5.0% | -7.7% |
每股收益（稀释后）MATXTOST
| Q4 25 | $4.47 | $0.18 | ||
| Q3 25 | $4.24 | $0.16 | ||
| Q2 25 | $2.92 | $0.13 | ||
| Q1 25 | $2.18 | $0.09 | ||
| Q4 24 | $3.69 | $0.09 | ||
| Q3 24 | $5.89 | $0.07 | ||
| Q2 24 | $3.31 | $0.02 | ||
| 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 | $1.4B |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $2.1B |
| 总资产 | $4.6B | $3.1B |
| 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MATXTOST
| Q4 25 | $141.9M | $1.4B | ||
| Q3 25 | $92.7M | $1.4B | ||
| Q2 25 | $59.1M | $1.2B | ||
| Q1 25 | $122.0M | $1.0B | ||
| Q4 24 | $266.8M | $903.0M | ||
| Q3 24 | $270.3M | $761.0M | ||
| Q2 24 | $168.2M | $691.0M | ||
| Q1 24 | $25.9M | $578.0M |
总债务MATXTOST
| 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MATXTOST
| Q4 25 | $2.8B | $2.1B | ||
| Q3 25 | $2.7B | $2.0B | ||
| Q2 25 | $2.6B | $1.8B | ||
| Q1 25 | $2.6B | $1.7B | ||
| Q4 24 | $2.7B | $1.5B | ||
| Q3 24 | $2.6B | $1.4B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.4B | $1.2B |
总资产MATXTOST
| Q4 25 | $4.6B | $3.1B | ||
| Q3 25 | $4.6B | $3.0B | ||
| Q2 25 | $4.5B | $2.8B | ||
| Q1 25 | $4.5B | $2.6B | ||
| Q4 24 | $4.6B | $2.4B | ||
| Q3 24 | $4.4B | $2.2B | ||
| Q2 24 | $4.3B | $2.2B | ||
| Q1 24 | $4.2B | $2.1B |
负债/权益比MATXTOST
| 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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $178.0M |
| 自由现金流率自由现金流/营收 | 5.0% | 10.9% |
| 资本支出强度资本支出/营收 | 15.8% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.24× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $153.7M | $608.0M |
8季度趋势，按日历期对齐
经营现金流MATXTOST
| Q4 25 | $176.9M | $194.0M | ||
| Q3 25 | $175.6M | $165.0M | ||
| Q2 25 | $105.6M | $223.0M | ||
| Q1 25 | $89.0M | $79.0M | ||
| Q4 24 | $174.7M | $147.0M | ||
| Q3 24 | $248.6M | $109.0M | ||
| Q2 24 | $307.9M | $124.0M | ||
| Q1 24 | $36.6M | $-20.0M |
自由现金流MATXTOST
| Q4 25 | $42.2M | $178.0M | ||
| Q3 25 | $92.4M | $153.0M | ||
| Q2 25 | $19.3M | $208.0M | ||
| Q1 25 | $-200.0K | $69.0M | ||
| Q4 24 | $49.3M | $134.0M | ||
| Q3 24 | $189.0M | $97.0M | ||
| Q2 24 | $238.1M | $108.0M | ||
| Q1 24 | $-18.7M | $-33.0M |
自由现金流率MATXTOST
| Q4 25 | 5.0% | 10.9% | ||
| Q3 25 | 10.5% | 9.4% | ||
| Q2 25 | 2.3% | 13.4% | ||
| Q1 25 | -0.0% | 5.2% | ||
| Q4 24 | 5.5% | 10.0% | ||
| Q3 24 | 19.6% | 7.4% | ||
| Q2 24 | 28.1% | 8.7% | ||
| Q1 24 | -2.6% | -3.1% |
资本支出强度MATXTOST
| Q4 25 | 15.8% | 1.0% | ||
| Q3 25 | 9.5% | 0.7% | ||
| Q2 25 | 10.4% | 1.0% | ||
| Q1 25 | 11.4% | 0.7% | ||
| Q4 24 | 14.1% | 1.0% | ||
| Q3 24 | 6.2% | 0.9% | ||
| Q2 24 | 8.2% | 1.3% | ||
| Q1 24 | 7.7% | 1.2% |
现金转化率MATXTOST
| Q4 25 | 1.24× | 1.92× | ||
| Q3 25 | 1.30× | 1.57× | ||
| Q2 25 | 1.12× | 2.79× | ||
| Q1 25 | 1.23× | 1.41× | ||
| Q4 24 | 1.36× | 4.59× | ||
| Q3 24 | 1.25× | 1.95× | ||
| Q2 24 | 2.72× | 8.86× | ||
| Q1 24 | 1.01× | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
