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美森（MATX）与WERNER ENTERPRISES INC（WERN）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WERNER ENTERPRISES INC的1.1倍（$851.9M vs $808.6M），美森净利率更高（16.8% vs -0.5%，领先17.3%），WERNER ENTERPRISES INC同比增速更快（13.6% vs -4.3%），过去两年美森的营收复合增速更高（8.6% vs 4.3%）
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。
沃纳企业是美国知名运输物流服务商，业务覆盖美国、墨西哥与加拿大市场。2023年该公司营收达32.8亿美元，旗下员工及签约承包商总规模超1.4万人，在北美跨境物流、干线运输领域具备成熟的服务能力与行业影响力。
MATX vs WERN — 直观对比
营收规模更大
MATX
是对方的1.1倍
$808.6M
营收增速更快
WERN
高出17.9%
-4.3%
净利率更高
MATX
高出17.3%
-0.5%
两年增速更快
MATX
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $808.6M |
| 净利润 | $143.1M | $-4.3M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | — |
| 净利率 | 16.8% | -0.5% |
| 营收同比 | -4.3% | 13.6% |
| 净利润同比 | 11.8% | 57.8% |
| 每股收益（稀释后） | $4.47 | $-0.07 |
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MATXWERN
| Q1 26 | — | $808.6M | ||
| Q4 25 | $851.9M | $719.9M | ||
| Q3 25 | $880.1M | $752.2M | ||
| Q2 25 | $830.5M | $734.1M | ||
| Q1 25 | $782.0M | $693.4M | ||
| Q4 24 | $890.3M | $736.6M | ||
| Q3 24 | $962.0M | $726.3M | ||
| Q2 24 | $847.4M | $742.7M |
净利润MATXWERN
| Q1 26 | — | $-4.3M | ||
| Q4 25 | $143.1M | $-27.8M | ||
| Q3 25 | $134.7M | $-20.6M | ||
| Q2 25 | $94.7M | $44.1M | ||
| Q1 25 | $72.3M | $-10.1M | ||
| Q4 24 | $128.0M | $11.9M | ||
| Q3 24 | $199.1M | $6.6M | ||
| Q2 24 | $113.2M | $9.5M |
营业利润率MATXWERN
| Q1 26 | — | — | ||
| Q4 25 | 16.9% | -5.0% | ||
| Q3 25 | 18.3% | -1.7% | ||
| Q2 25 | 13.6% | 9.0% | ||
| Q1 25 | 10.5% | -0.8% | ||
| Q4 24 | 16.6% | 1.8% | ||
| Q3 24 | 25.2% | 2.4% | ||
| Q2 24 | 14.7% | 2.6% |
净利率MATXWERN
| Q1 26 | — | -0.5% | ||
| Q4 25 | 16.8% | -3.9% | ||
| Q3 25 | 15.3% | -2.7% | ||
| Q2 25 | 11.4% | 6.0% | ||
| Q1 25 | 9.2% | -1.5% | ||
| Q4 24 | 14.4% | 1.6% | ||
| Q3 24 | 20.7% | 0.9% | ||
| Q2 24 | 13.4% | 1.3% |
每股收益（稀释后）MATXWERN
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $4.47 | $-0.46 | ||
| Q3 25 | $4.24 | $-0.34 | ||
| Q2 25 | $2.92 | $0.72 | ||
| Q1 25 | $2.18 | $-0.16 | ||
| Q4 24 | $3.69 | $0.19 | ||
| Q3 24 | $5.89 | $0.11 | ||
| Q2 24 | $3.31 | $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 | $61.5M |
| 总债务越低越好 | $361.2M | $878.2M |
| 股东权益账面价值 | $2.8B | $1.4B |
| 总资产 | $4.6B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.13× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资MATXWERN
| Q1 26 | — | $61.5M | ||
| Q4 25 | $141.9M | $59.9M | ||
| Q3 25 | $92.7M | $51.0M | ||
| Q2 25 | $59.1M | $51.4M | ||
| Q1 25 | $122.0M | $52.0M | ||
| Q4 24 | $266.8M | $40.8M | ||
| Q3 24 | $270.3M | $54.7M | ||
| Q2 24 | $168.2M | $70.4M |
总债务MATXWERN
| Q1 26 | — | $878.2M | ||
| Q4 25 | $361.2M | $752.0M | ||
| Q3 25 | $370.9M | $725.0M | ||
| Q2 25 | $341.3M | $725.0M | ||
| Q1 25 | $351.1M | $640.0M | ||
| Q4 24 | $361.2M | $650.0M | ||
| Q3 24 | $370.9M | $690.0M | ||
| Q2 24 | $381.0M | $670.0M |
股东权益MATXWERN
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.7B | $1.5B | ||
| Q3 24 | $2.6B | $1.4B | ||
| Q2 24 | $2.4B | $1.5B |
总资产MATXWERN
| Q1 26 | — | $3.3B | ||
| Q4 25 | $4.6B | $2.9B | ||
| Q3 25 | $4.6B | $3.0B | ||
| Q2 25 | $4.5B | $2.9B | ||
| Q1 25 | $4.5B | $3.0B | ||
| Q4 24 | $4.6B | $3.1B | ||
| Q3 24 | $4.4B | $3.1B | ||
| Q2 24 | $4.3B | $3.1B |
负债/权益比MATXWERN
| Q1 26 | — | 0.65× | ||
| Q4 25 | 0.13× | 0.55× | ||
| Q3 25 | 0.14× | 0.52× | ||
| Q2 25 | 0.13× | 0.51× | ||
| Q1 25 | 0.13× | 0.45× | ||
| Q4 24 | 0.14× | 0.45× | ||
| Q3 24 | 0.15× | 0.48× | ||
| Q2 24 | 0.16× | 0.46× |
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 | — |
| 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% | 0.2% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流MATXWERN
| Q1 26 | — | — | ||
| Q4 25 | $176.9M | $62.3M | ||
| Q3 25 | $175.6M | $44.1M | ||
| Q2 25 | $105.6M | $46.0M | ||
| Q1 25 | $89.0M | $29.4M | ||
| Q4 24 | $174.7M | $71.0M | ||
| Q3 24 | $248.6M | $61.0M | ||
| Q2 24 | $307.9M | $109.1M |
自由现金流MATXWERN
| Q1 26 | — | — | ||
| Q4 25 | $42.2M | $-23.5M | ||
| Q3 25 | $92.4M | $-8.6M | ||
| Q2 25 | $19.3M | $-42.3M | ||
| Q1 25 | $-200.0K | $5.9M | ||
| Q4 24 | $49.3M | $-9.8M | ||
| Q3 24 | $189.0M | $-73.4M | ||
| Q2 24 | $238.1M | $-31.2M |
自由现金流率MATXWERN
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | -3.3% | ||
| Q3 25 | 10.5% | -1.1% | ||
| Q2 25 | 2.3% | -5.8% | ||
| Q1 25 | -0.0% | 0.8% | ||
| Q4 24 | 5.5% | -1.3% | ||
| Q3 24 | 19.6% | -10.1% | ||
| Q2 24 | 28.1% | -4.2% |
资本支出强度MATXWERN
| Q1 26 | — | 0.2% | ||
| Q4 25 | 15.8% | 11.9% | ||
| Q3 25 | 9.5% | 7.0% | ||
| Q2 25 | 10.4% | 12.0% | ||
| Q1 25 | 11.4% | 3.4% | ||
| Q4 24 | 14.1% | 11.0% | ||
| Q3 24 | 6.2% | 18.5% | ||
| Q2 24 | 8.2% | 18.9% |
现金转化率MATXWERN
| Q1 26 | — | — | ||
| Q4 25 | 1.24× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.12× | 1.04× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.36× | 5.97× | ||
| Q3 24 | 1.25× | 9.30× | ||
| Q2 24 | 2.72× | 11.52× |
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% |
WERN
暂无分部数据
