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美森（MATX）与Vestis Corp（VSTS）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Vestis Corp的1.3倍（$851.9M vs $663.4M），美森净利率更高（16.8% vs -1.0%，领先17.8%），Vestis Corp同比增速更快（-3.0% vs -4.3%），美森自由现金流更多（$42.2M vs $28.3M），过去两年美森的营收复合增速更高（8.6% vs -3.0%）
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。
Vestis Corp是北美领先的工作制服、安全防护服饰及配套设施服务供应商，服务覆盖医疗、制造、零售、餐饮住宿、公共服务等多个领域，为企业客户提供定制化的制服租赁、清洁与日常维护解决方案。
MATX vs VSTS — 直观对比
营收规模更大
MATX
是对方的1.3倍
$663.4M
营收增速更快
VSTS
高出1.3%
-4.3%
净利率更高
MATX
高出17.8%
-1.0%
自由现金流更多
MATX
多$13.9M
$28.3M
两年增速更快
MATX
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $663.4M |
| 净利润 | $143.1M | $-6.4M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 2.5% |
| 净利率 | 16.8% | -1.0% |
| 营收同比 | -4.3% | -3.0% |
| 净利润同比 | 11.8% | -868.1% |
| 每股收益（稀释后） | $4.47 | $-0.05 |
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MATXVSTS
| Q1 26 | — | $663.4M | ||
| Q4 25 | $851.9M | $712.0M | ||
| Q3 25 | $880.1M | — | ||
| Q2 25 | $830.5M | $673.8M | ||
| Q1 25 | $782.0M | $665.2M | ||
| Q4 24 | $890.3M | $683.8M | ||
| Q3 24 | $962.0M | $684.3M | ||
| Q2 24 | $847.4M | $698.2M |
净利润MATXVSTS
| Q1 26 | — | $-6.4M | ||
| Q4 25 | $143.1M | $-12.5M | ||
| Q3 25 | $134.7M | — | ||
| Q2 25 | $94.7M | $-676.0K | ||
| Q1 25 | $72.3M | $-27.8M | ||
| Q4 24 | $128.0M | $832.0K | ||
| Q3 24 | $199.1M | $-2.3M | ||
| Q2 24 | $113.2M | $5.0M |
营业利润率MATXVSTS
| Q1 26 | — | 2.5% | ||
| Q4 25 | 16.9% | 2.5% | ||
| Q3 25 | 18.3% | — | ||
| Q2 25 | 13.6% | 3.7% | ||
| Q1 25 | 10.5% | -1.3% | ||
| Q4 24 | 16.6% | 4.4% | ||
| Q3 24 | 25.2% | 4.4% | ||
| Q2 24 | 14.7% | 5.4% |
净利率MATXVSTS
| Q1 26 | — | -1.0% | ||
| Q4 25 | 16.8% | -1.8% | ||
| Q3 25 | 15.3% | — | ||
| Q2 25 | 11.4% | -0.1% | ||
| Q1 25 | 9.2% | -4.2% | ||
| Q4 24 | 14.4% | 0.1% | ||
| Q3 24 | 20.7% | -0.3% | ||
| Q2 24 | 13.4% | 0.7% |
每股收益（稀释后）MATXVSTS
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $4.47 | $-0.10 | ||
| Q3 25 | $4.24 | — | ||
| Q2 25 | $2.92 | $-0.01 | ||
| Q1 25 | $2.18 | $-0.21 | ||
| Q4 24 | $3.69 | $0.01 | ||
| Q3 24 | $5.89 | $-0.02 | ||
| Q2 24 | $3.31 | $0.04 |
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 | $41.5M |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $864.4M |
| 总资产 | $4.6B | $2.9B |
| 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MATXVSTS
| Q1 26 | — | $41.5M | ||
| Q4 25 | $141.9M | $29.7M | ||
| Q3 25 | $92.7M | — | ||
| Q2 25 | $59.1M | $23.7M | ||
| Q1 25 | $122.0M | $28.8M | ||
| Q4 24 | $266.8M | $18.6M | ||
| Q3 24 | $270.3M | $31.0M | ||
| Q2 24 | $168.2M | $29.1M |
总债务MATXVSTS
| Q1 26 | — | — | ||
| Q4 25 | $361.2M | $1.2B | ||
| Q3 25 | $370.9M | — | ||
| Q2 25 | $341.3M | — | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | — | ||
| Q3 24 | $370.9M | $1.2B | ||
| Q2 24 | $381.0M | — |
股东权益MATXVSTS
| Q1 26 | — | $864.4M | ||
| Q4 25 | $2.8B | $865.6M | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.6B | $882.2M | ||
| Q1 25 | $2.6B | $876.3M | ||
| Q4 24 | $2.7B | $899.6M | ||
| Q3 24 | $2.6B | $903.1M | ||
| Q2 24 | $2.4B | $901.2M |
总资产MATXVSTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $4.6B | $2.9B | ||
| Q3 25 | $4.6B | — | ||
| Q2 25 | $4.5B | $2.9B | ||
| Q1 25 | $4.5B | $2.9B | ||
| Q4 24 | $4.6B | $2.9B | ||
| Q3 24 | $4.4B | $2.9B | ||
| Q2 24 | $4.3B | $3.1B |
负债/权益比MATXVSTS
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 1.35× | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.15× | 1.29× | ||
| 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 | $37.7M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $28.3M |
| 自由现金流率自由现金流/营收 | 5.0% | 4.3% |
| 资本支出强度资本支出/营收 | 15.8% | 1.4% |
| 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 | $45.0M |
8季度趋势，按日历期对齐
经营现金流MATXVSTS
| Q1 26 | — | $37.7M | ||
| Q4 25 | $176.9M | $30.9M | ||
| Q3 25 | $175.6M | — | ||
| Q2 25 | $105.6M | $22.9M | ||
| Q1 25 | $89.0M | $6.7M | ||
| Q4 24 | $174.7M | $3.8M | ||
| Q3 24 | $248.6M | $295.6M | ||
| Q2 24 | $307.9M | $48.7M |
自由现金流MATXVSTS
| Q1 26 | — | $28.3M | ||
| Q4 25 | $42.2M | $15.6M | ||
| Q3 25 | $92.4M | — | ||
| Q2 25 | $19.3M | $8.0M | ||
| Q1 25 | $-200.0K | $-6.9M | ||
| Q4 24 | $49.3M | $-11.0M | ||
| Q3 24 | $189.0M | $267.5M | ||
| Q2 24 | $238.1M | $27.7M |
自由现金流率MATXVSTS
| Q1 26 | — | 4.3% | ||
| Q4 25 | 5.0% | 2.2% | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 2.3% | 1.2% | ||
| Q1 25 | -0.0% | -1.0% | ||
| Q4 24 | 5.5% | -1.6% | ||
| Q3 24 | 19.6% | 39.1% | ||
| Q2 24 | 28.1% | 4.0% |
资本支出强度MATXVSTS
| Q1 26 | — | 1.4% | ||
| Q4 25 | 15.8% | 2.2% | ||
| Q3 25 | 9.5% | — | ||
| Q2 25 | 10.4% | 2.2% | ||
| Q1 25 | 11.4% | 2.0% | ||
| Q4 24 | 14.1% | 2.2% | ||
| Q3 24 | 6.2% | 4.1% | ||
| Q2 24 | 8.2% | 3.0% |
现金转化率MATXVSTS
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.36× | 4.54× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 2.72× | 9.66× |
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% |
VSTS
| Workplace Supplies | $375.2M | 57% |
| Uniforms | $227.7M | 34% |
| Other | $60.5M | 9% |
