vs
美森（MATX）与沃特世（WAT）财务数据对比。点击上方公司名可切换其他公司
沃特世的季度营收约是美森的1.1倍（$932.4M vs $851.9M），沃特世净利率更高（24.2% vs 16.8%，领先7.4%），沃特世同比增速更快（6.8% vs -4.3%），过去两年沃特世的营收复合增速更高（21.0% 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。
沃特世是总部位于美国马萨诸塞州米尔福德的企业，面向生命科学、材料、食品等行业，提供色谱、质谱、实验室信息学、流变测量领域所用的分析仪器及配套软件，为各领域的检测、研发等工作提供可靠技术支持。
MATX vs WAT — 直观对比
营收规模更大
WAT
是对方的1.1倍
$851.9M
营收增速更快
WAT
高出11.1%
-4.3%
净利率更高
WAT
高出7.4%
16.8%
两年增速更快
WAT
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $932.4M |
| 净利润 | $143.1M | $225.2M |
| 毛利率 | — | 61.1% |
| 营业利润率 | 16.9% | 29.0% |
| 净利率 | 16.8% | 24.2% |
| 营收同比 | -4.3% | 6.8% |
| 净利润同比 | 11.8% | -2.7% |
| 每股收益（稀释后） | $4.47 | $3.76 |
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MATXWAT
| Q4 25 | $851.9M | $932.4M | ||
| Q3 25 | $880.1M | $799.9M | ||
| Q2 25 | $830.5M | $771.3M | ||
| Q1 25 | $782.0M | $661.7M | ||
| Q4 24 | $890.3M | $872.7M | ||
| Q3 24 | $962.0M | $740.3M | ||
| Q2 24 | $847.4M | $708.5M | ||
| Q1 24 | $722.1M | $636.8M |
净利润MATXWAT
| Q4 25 | $143.1M | $225.2M | ||
| Q3 25 | $134.7M | $148.9M | ||
| Q2 25 | $94.7M | $147.1M | ||
| Q1 25 | $72.3M | $121.4M | ||
| Q4 24 | $128.0M | $231.4M | ||
| Q3 24 | $199.1M | $161.5M | ||
| Q2 24 | $113.2M | $142.7M | ||
| Q1 24 | $36.1M | $102.2M |
毛利率MATXWAT
| Q4 25 | — | 61.1% | ||
| Q3 25 | — | 59.0% | ||
| Q2 25 | — | 58.3% | ||
| Q1 25 | — | 58.2% | ||
| Q4 24 | — | 60.1% | ||
| Q3 24 | — | 59.3% | ||
| Q2 24 | — | 59.3% | ||
| Q1 24 | — | 58.9% |
营业利润率MATXWAT
| Q4 25 | 16.9% | 29.0% | ||
| Q3 25 | 18.3% | 24.0% | ||
| Q2 25 | 13.6% | 24.4% | ||
| Q1 25 | 10.5% | 22.9% | ||
| Q4 24 | 16.6% | 33.5% | ||
| Q3 24 | 25.2% | 28.5% | ||
| Q2 24 | 14.7% | 26.7% | ||
| Q1 24 | 5.1% | 21.0% |
净利率MATXWAT
| Q4 25 | 16.8% | 24.2% | ||
| Q3 25 | 15.3% | 18.6% | ||
| Q2 25 | 11.4% | 19.1% | ||
| Q1 25 | 9.2% | 18.3% | ||
| Q4 24 | 14.4% | 26.5% | ||
| Q3 24 | 20.7% | 21.8% | ||
| Q2 24 | 13.4% | 20.1% | ||
| Q1 24 | 5.0% | 16.0% |
每股收益（稀释后）MATXWAT
| Q4 25 | $4.47 | $3.76 | ||
| Q3 25 | $4.24 | $2.50 | ||
| Q2 25 | $2.92 | $2.47 | ||
| Q1 25 | $2.18 | $2.03 | ||
| Q4 24 | $3.69 | $3.88 | ||
| Q3 24 | $5.89 | $2.71 | ||
| Q2 24 | $3.31 | $2.40 | ||
| Q1 24 | $1.04 | $1.72 |
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 | $587.8M |
| 总债务越低越好 | $361.2M | $1.4B |
| 股东权益账面价值 | $2.8B | $2.6B |
| 总资产 | $4.6B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.13× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资MATXWAT
| Q4 25 | $141.9M | $587.8M | ||
| Q3 25 | $92.7M | $459.1M | ||
| Q2 25 | $59.1M | $367.2M | ||
| Q1 25 | $122.0M | $382.9M | ||
| Q4 24 | $266.8M | $325.4M | ||
| Q3 24 | $270.3M | $331.5M | ||
| Q2 24 | $168.2M | $327.4M | ||
| Q1 24 | $25.9M | $338.2M |
总债务MATXWAT
| Q4 25 | $361.2M | $1.4B | ||
| Q3 25 | $370.9M | — | ||
| Q2 25 | $341.3M | — | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | $1.6B | ||
| Q3 24 | $370.9M | — | ||
| Q2 24 | $381.0M | — | ||
| Q1 24 | $390.8M | — |
股东权益MATXWAT
| Q4 25 | $2.8B | $2.6B | ||
| Q3 25 | $2.7B | $2.3B | ||
| Q2 25 | $2.6B | $2.2B | ||
| Q1 25 | $2.6B | $2.0B | ||
| Q4 24 | $2.7B | $1.8B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $2.4B | $1.4B | ||
| Q1 24 | $2.4B | $1.3B |
总资产MATXWAT
| Q4 25 | $4.6B | $5.1B | ||
| Q3 25 | $4.6B | $4.9B | ||
| Q2 25 | $4.5B | $4.7B | ||
| Q1 25 | $4.5B | $4.6B | ||
| Q4 24 | $4.6B | $4.6B | ||
| Q3 24 | $4.4B | $4.5B | ||
| Q2 24 | $4.3B | $4.4B | ||
| Q1 24 | $4.2B | $4.5B |
负债/权益比MATXWAT
| Q4 25 | 0.13× | 0.55× | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | 0.89× | ||
| 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 | $164.6M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | — |
| 自由现金流率自由现金流/营收 | 5.0% | — |
| 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× | 0.73× |
| 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MATXWAT
| Q4 25 | $176.9M | $164.6M | ||
| Q3 25 | $175.6M | $187.3M | ||
| Q2 25 | $105.6M | $41.1M | ||
| Q1 25 | $89.0M | $259.6M | ||
| Q4 24 | $174.7M | $240.1M | ||
| Q3 24 | $248.6M | $204.6M | ||
| Q2 24 | $307.9M | $54.5M | ||
| Q1 24 | $36.6M | $262.9M |
自由现金流MATXWAT
| Q4 25 | $42.2M | — | ||
| Q3 25 | $92.4M | — | ||
| Q2 25 | $19.3M | — | ||
| Q1 25 | $-200.0K | — | ||
| Q4 24 | $49.3M | — | ||
| Q3 24 | $189.0M | — | ||
| Q2 24 | $238.1M | — | ||
| Q1 24 | $-18.7M | — |
自由现金流率MATXWAT
| Q4 25 | 5.0% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | -0.0% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 19.6% | — | ||
| Q2 24 | 28.1% | — | ||
| Q1 24 | -2.6% | — |
资本支出强度MATXWAT
| Q4 25 | 15.8% | — | ||
| Q3 25 | 9.5% | — | ||
| Q2 25 | 10.4% | — | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 8.2% | — | ||
| Q1 24 | 7.7% | — |
现金转化率MATXWAT
| Q4 25 | 1.24× | 0.73× | ||
| Q3 25 | 1.30× | 1.26× | ||
| Q2 25 | 1.12× | 0.28× | ||
| Q1 25 | 1.23× | 2.14× | ||
| Q4 24 | 1.36× | 1.04× | ||
| Q3 24 | 1.25× | 1.27× | ||
| Q2 24 | 2.72× | 0.38× | ||
| Q1 24 | 1.01× | 2.57× |
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% |
WAT
暂无分部数据
