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美森（MATX）与UNIFIRST CORP（UNF）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UNIFIRST CORP的1.4倍（$851.9M vs $621.3M），美森净利率更高（16.8% vs 5.5%，领先11.3%），UNIFIRST CORP同比增速更快（2.7% vs -4.3%），美森自由现金流更多（$42.2M vs $-24.0M），过去两年美森的营收复合增速更高（8.6% vs 2.3%）
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。
UniFirst是总部位于美国马萨诸塞州威尔明顿的职业工装租赁服务商，业务覆盖工装及防护服装的生产、销售与租赁。公司拥有超过1.4万名员工，在美、加、欧设有260多处运营网点，涵盖客服中心、核净化设施、洁净车间、配送中心及生产工厂。
MATX vs UNF — 直观对比
营收规模更大
MATX
是对方的1.4倍
$621.3M
营收增速更快
UNF
高出7.0%
-4.3%
净利率更高
MATX
高出11.3%
5.5%
自由现金流更多
MATX
多$66.2M
$-24.0M
两年增速更快
MATX
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $621.3M |
| 净利润 | $143.1M | $34.4M |
| 毛利率 | — | 36.7% |
| 营业利润率 | 16.9% | 7.3% |
| 净利率 | 16.8% | 5.5% |
| 营收同比 | -4.3% | 2.7% |
| 净利润同比 | 11.8% | -20.3% |
| 每股收益（稀释后） | $4.47 | $1.89 |
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MATXUNF
| Q4 25 | $851.9M | $621.3M | ||
| Q3 25 | $880.1M | $614.4M | ||
| Q2 25 | $830.5M | $610.8M | ||
| Q1 25 | $782.0M | — | ||
| Q4 24 | $890.3M | $604.9M | ||
| Q3 24 | $962.0M | $639.9M | ||
| Q2 24 | $847.4M | $603.3M | ||
| Q1 24 | $722.1M | $590.7M |
净利润MATXUNF
| Q4 25 | $143.1M | $34.4M | ||
| Q3 25 | $134.7M | $41.0M | ||
| Q2 25 | $94.7M | $39.7M | ||
| Q1 25 | $72.3M | — | ||
| Q4 24 | $128.0M | $43.1M | ||
| Q3 24 | $199.1M | $44.6M | ||
| Q2 24 | $113.2M | $38.1M | ||
| Q1 24 | $36.1M | $20.5M |
毛利率MATXUNF
| Q4 25 | — | 36.7% | ||
| Q3 25 | — | 37.8% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 36.1% | ||
| Q2 24 | — | 35.2% | ||
| Q1 24 | — | 32.9% |
营业利润率MATXUNF
| Q4 25 | 16.9% | 7.3% | ||
| Q3 25 | 18.3% | 8.1% | ||
| Q2 25 | 13.6% | 7.9% | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 16.6% | 9.2% | ||
| Q3 24 | 25.2% | 8.4% | ||
| Q2 24 | 14.7% | 8.0% | ||
| Q1 24 | 5.1% | 4.7% |
净利率MATXUNF
| Q4 25 | 16.8% | 5.5% | ||
| Q3 25 | 15.3% | 6.7% | ||
| Q2 25 | 11.4% | 6.5% | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 14.4% | 7.1% | ||
| Q3 24 | 20.7% | 7.0% | ||
| Q2 24 | 13.4% | 6.3% | ||
| Q1 24 | 5.0% | 3.5% |
每股收益（稀释后）MATXUNF
| Q4 25 | $4.47 | $1.89 | ||
| Q3 25 | $4.24 | $2.23 | ||
| Q2 25 | $2.92 | $2.13 | ||
| Q1 25 | $2.18 | — | ||
| Q4 24 | $3.69 | $2.31 | ||
| Q3 24 | $5.89 | $2.39 | ||
| Q2 24 | $3.31 | $2.03 | ||
| Q1 24 | $1.04 | $1.09 |
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 | $129.5M |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $2.2B |
| 总资产 | $4.6B | $2.8B |
| 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MATXUNF
| Q4 25 | $141.9M | $129.5M | ||
| Q3 25 | $92.7M | $209.2M | ||
| Q2 25 | $59.1M | $211.9M | ||
| Q1 25 | $122.0M | — | ||
| Q4 24 | $266.8M | $181.0M | ||
| Q3 24 | $270.3M | $175.1M | ||
| Q2 24 | $168.2M | $125.4M | ||
| Q1 24 | $25.9M | $101.9M |
总债务MATXUNF
| 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MATXUNF
| Q4 25 | $2.8B | $2.2B | ||
| Q3 25 | $2.7B | $2.2B | ||
| Q2 25 | $2.6B | $2.2B | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.7B | $2.1B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.4B | $2.0B |
总资产MATXUNF
| Q4 25 | $4.6B | $2.8B | ||
| Q3 25 | $4.6B | $2.8B | ||
| Q2 25 | $4.5B | $2.8B | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.6B | $2.7B | ||
| Q3 24 | $4.4B | $2.7B | ||
| Q2 24 | $4.3B | $2.7B | ||
| Q1 24 | $4.2B | $2.6B |
负债/权益比MATXUNF
| 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 | $14.9M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $-24.0M |
| 自由现金流率自由现金流/营收 | 5.0% | -3.9% |
| 资本支出强度资本支出/营收 | 15.8% | 6.3% |
| 现金转化率经营现金流/净利润 | 1.24× | 0.43× |
| 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MATXUNF
| Q4 25 | $176.9M | $14.9M | ||
| Q3 25 | $175.6M | — | ||
| Q2 25 | $105.6M | $138.4M | ||
| Q1 25 | $89.0M | — | ||
| Q4 24 | $174.7M | $58.1M | ||
| Q3 24 | $248.6M | $102.3M | ||
| Q2 24 | $307.9M | $86.3M | ||
| Q1 24 | $36.6M | $61.1M |
自由现金流MATXUNF
| Q4 25 | $42.2M | $-24.0M | ||
| Q3 25 | $92.4M | — | ||
| Q2 25 | $19.3M | $62.1M | ||
| Q1 25 | $-200.0K | — | ||
| Q4 24 | $49.3M | $24.6M | ||
| Q3 24 | $189.0M | $63.8M | ||
| Q2 24 | $238.1M | $37.3M | ||
| Q1 24 | $-18.7M | $27.2M |
自由现金流率MATXUNF
| Q4 25 | 5.0% | -3.9% | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 2.3% | 10.2% | ||
| Q1 25 | -0.0% | — | ||
| Q4 24 | 5.5% | 4.1% | ||
| Q3 24 | 19.6% | 10.0% | ||
| Q2 24 | 28.1% | 6.2% | ||
| Q1 24 | -2.6% | 4.6% |
资本支出强度MATXUNF
| Q4 25 | 15.8% | 6.3% | ||
| Q3 25 | 9.5% | — | ||
| Q2 25 | 10.4% | 12.5% | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 14.1% | 5.5% | ||
| Q3 24 | 6.2% | 6.0% | ||
| Q2 24 | 8.2% | 8.1% | ||
| Q1 24 | 7.7% | 5.7% |
现金转化率MATXUNF
| Q4 25 | 1.24× | 0.43× | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.12× | 3.49× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.36× | 1.35× | ||
| Q3 24 | 1.25× | 2.29× | ||
| Q2 24 | 2.72× | 2.27× | ||
| Q1 24 | 1.01× | 2.98× |
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% |
UNF
| Uniforms And Facility Service Solutions | $568.8M | 92% |
| First Aid And Safety Solutions | $30.8M | 5% |
| Other | $22.9M | 4% |
| Served As An Senior Officer | $400.0K | 0% |
