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美森（MATX）与Unity Software Inc.（U）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Unity Software Inc.的1.7倍（$851.9M vs $508.2M），美森净利率更高（16.8% vs -68.3%，领先85.1%），Unity Software Inc.同比增速更快（17.0% vs -4.3%），Unity Software Inc.自由现金流更多（$66.5M vs $42.2M），过去两年美森的营收复合增速更高（8.6% vs 6.4%）
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。
Unity Software Inc.是总部位于美国旧金山的游戏软件开发企业，2004年于丹麦成立时原名为Over the Edge Entertainment，2007年更为现名。公司核心产品Unity游戏引擎全球应用广泛，可用于开发各类电子游戏及其他互动应用，商业化授权服务覆盖全球客户。
MATX vs U — 直观对比
营收规模更大
MATX
是对方的1.7倍
$508.2M
营收增速更快
U
高出21.3%
-4.3%
净利率更高
MATX
高出85.1%
-68.3%
自由现金流更多
U
多$24.3M
$42.2M
两年增速更快
MATX
近两年复合增速
6.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $508.2M |
| 净利润 | $143.1M | $-346.9M |
| 毛利率 | — | 30.8% |
| 营业利润率 | 16.9% | 0.0% |
| 净利率 | 16.8% | -68.3% |
| 营收同比 | -4.3% | 17.0% |
| 净利润同比 | 11.8% | — |
| 每股收益（稀释后） | $4.47 | $-0.80 |
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MATXU
| Q1 26 | — | $508.2M | ||
| Q4 25 | $851.9M | $503.1M | ||
| Q3 25 | $880.1M | $470.6M | ||
| Q2 25 | $830.5M | $440.9M | ||
| Q1 25 | $782.0M | $435.0M | ||
| Q4 24 | $890.3M | $457.1M | ||
| Q3 24 | $962.0M | $446.5M | ||
| Q2 24 | $847.4M | $449.3M |
净利润MATXU
| Q1 26 | — | $-346.9M | ||
| Q4 25 | $143.1M | $-90.0M | ||
| Q3 25 | $134.7M | $-126.4M | ||
| Q2 25 | $94.7M | $-108.8M | ||
| Q1 25 | $72.3M | $-77.6M | ||
| Q4 24 | $128.0M | $-122.7M | ||
| Q3 24 | $199.1M | $-124.7M | ||
| Q2 24 | $113.2M | $-125.6M |
毛利率MATXU
| Q1 26 | — | 30.8% | ||
| Q4 25 | — | 74.3% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 74.1% | ||
| Q1 25 | — | 73.8% | ||
| Q4 24 | — | 74.7% | ||
| Q3 24 | — | 74.9% | ||
| Q2 24 | — | 75.8% |
营业利润率MATXU
| Q1 26 | — | 0.0% | ||
| Q4 25 | 16.9% | -21.2% | ||
| Q3 25 | 18.3% | -26.7% | ||
| Q2 25 | 13.6% | -26.9% | ||
| Q1 25 | 10.5% | -29.4% | ||
| Q4 24 | 16.6% | -27.1% | ||
| Q3 24 | 25.2% | -28.5% | ||
| Q2 24 | 14.7% | -28.8% |
净利率MATXU
| Q1 26 | — | -68.3% | ||
| Q4 25 | 16.8% | -17.9% | ||
| Q3 25 | 15.3% | -26.9% | ||
| Q2 25 | 11.4% | -24.7% | ||
| Q1 25 | 9.2% | -17.8% | ||
| Q4 24 | 14.4% | -26.8% | ||
| Q3 24 | 20.7% | -27.9% | ||
| Q2 24 | 13.4% | -28.0% |
每股收益（稀释后）MATXU
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $4.47 | $-0.21 | ||
| Q3 25 | $4.24 | $-0.30 | ||
| Q2 25 | $2.92 | $-0.26 | ||
| Q1 25 | $2.18 | $-0.19 | ||
| Q4 24 | $3.69 | $-0.30 | ||
| Q3 24 | $5.89 | $-0.31 | ||
| Q2 24 | $3.31 | $-0.32 |
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 | $2.1B |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $3.0B |
| 总资产 | $4.6B | $6.5B |
| 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MATXU
| Q1 26 | — | $2.1B | ||
| Q4 25 | $141.9M | $2.1B | ||
| Q3 25 | $92.7M | $1.9B | ||
| Q2 25 | $59.1M | $1.7B | ||
| Q1 25 | $122.0M | $1.5B | ||
| Q4 24 | $266.8M | $1.5B | ||
| Q3 24 | $270.3M | $1.4B | ||
| Q2 24 | $168.2M | $1.3B |
总债务MATXU
| Q1 26 | — | — | ||
| 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MATXU
| Q1 26 | — | $3.0B | ||
| Q4 25 | $2.8B | $3.2B | ||
| Q3 25 | $2.7B | $3.2B | ||
| Q2 25 | $2.6B | $3.2B | ||
| Q1 25 | $2.6B | $3.2B | ||
| Q4 24 | $2.7B | $3.2B | ||
| Q3 24 | $2.6B | $3.2B | ||
| Q2 24 | $2.4B | $3.2B |
总资产MATXU
| Q1 26 | — | $6.5B | ||
| Q4 25 | $4.6B | $6.8B | ||
| Q3 25 | $4.6B | $6.8B | ||
| Q2 25 | $4.5B | $6.7B | ||
| Q1 25 | $4.5B | $6.6B | ||
| Q4 24 | $4.6B | $6.7B | ||
| Q3 24 | $4.4B | $6.7B | ||
| Q2 24 | $4.3B | $6.7B |
负债/权益比MATXU
| Q1 26 | — | — | ||
| 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 | $71.3M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $66.5M |
| 自由现金流率自由现金流/营收 | 5.0% | 13.1% |
| 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 | $463.1M |
8季度趋势，按日历期对齐
经营现金流MATXU
| Q1 26 | — | $71.3M | ||
| Q4 25 | $176.9M | $121.4M | ||
| Q3 25 | $175.6M | $155.4M | ||
| Q2 25 | $105.6M | $133.1M | ||
| Q1 25 | $89.0M | $13.0M | ||
| Q4 24 | $174.7M | $112.2M | ||
| Q3 24 | $248.6M | $122.4M | ||
| Q2 24 | $307.9M | $88.4M |
自由现金流MATXU
| Q1 26 | — | $66.5M | ||
| Q4 25 | $42.2M | $118.7M | ||
| Q3 25 | $92.4M | $151.3M | ||
| Q2 25 | $19.3M | $126.7M | ||
| Q1 25 | $-200.0K | $7.3M | ||
| Q4 24 | $49.3M | $105.8M | ||
| Q3 24 | $189.0M | $115.2M | ||
| Q2 24 | $238.1M | $79.6M |
自由现金流率MATXU
| Q1 26 | — | 13.1% | ||
| Q4 25 | 5.0% | 23.6% | ||
| Q3 25 | 10.5% | 32.1% | ||
| Q2 25 | 2.3% | 28.7% | ||
| Q1 25 | -0.0% | 1.7% | ||
| Q4 24 | 5.5% | 23.1% | ||
| Q3 24 | 19.6% | 25.8% | ||
| Q2 24 | 28.1% | 17.7% |
资本支出强度MATXU
| Q1 26 | — | — | ||
| Q4 25 | 15.8% | 0.5% | ||
| Q3 25 | 9.5% | 0.9% | ||
| Q2 25 | 10.4% | 1.5% | ||
| Q1 25 | 11.4% | 1.3% | ||
| Q4 24 | 14.1% | 1.4% | ||
| Q3 24 | 6.2% | 1.6% | ||
| Q2 24 | 8.2% | 2.0% |
现金转化率MATXU
| 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% |
U
| Strategic | $432.4M | 85% |
| Other | $75.8M | 15% |
