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美森（MATX）与Woodward, Inc.（WWD）财务数据对比。点击上方公司名可切换其他公司
Woodward, Inc.的季度营收约是美森的1.2倍（$996.5M vs $851.9M），美森净利率更高（16.8% vs 13.4%，领先3.4%），Woodward, Inc.同比增速更快（29.0% vs -4.3%），Woodward, Inc.自由现金流更多（$70.3M vs $42.2M），过去两年Woodward, Inc.的营收复合增速更高（9.2% 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。
伍德沃德（Woodward, Inc.）是美国的控制系统及组件供应商，业务涵盖产品设计、制造与全链条服务，产品广泛应用于飞机、航空发动机、工业发动机与轮机、发电及移动工业设备领域，同时为国防领域供应军用装置及其他配套设备。
MATX vs WWD — 直观对比
营收规模更大
WWD
是对方的1.2倍
$851.9M
营收增速更快
WWD
高出33.3%
-4.3%
净利率更高
MATX
高出3.4%
13.4%
自由现金流更多
WWD
多$28.1M
$42.2M
两年增速更快
WWD
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $996.5M |
| 净利润 | $143.1M | $133.7M |
| 毛利率 | — | 29.3% |
| 营业利润率 | 16.9% | 17.0% |
| 净利率 | 16.8% | 13.4% |
| 营收同比 | -4.3% | 29.0% |
| 净利润同比 | 11.8% | 53.5% |
| 每股收益（稀释后） | $4.47 | $2.17 |
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MATXWWD
| Q4 25 | $851.9M | $996.5M | ||
| Q3 25 | $880.1M | $995.3M | ||
| Q2 25 | $830.5M | $915.4M | ||
| Q1 25 | $782.0M | $883.6M | ||
| Q4 24 | $890.3M | $772.7M | ||
| Q3 24 | $962.0M | $854.5M | ||
| Q2 24 | $847.4M | $847.7M | ||
| Q1 24 | $722.1M | $835.3M |
净利润MATXWWD
| Q4 25 | $143.1M | $133.7M | ||
| Q3 25 | $134.7M | $137.6M | ||
| Q2 25 | $94.7M | $108.4M | ||
| Q1 25 | $72.3M | $108.9M | ||
| Q4 24 | $128.0M | $87.1M | ||
| Q3 24 | $199.1M | $83.3M | ||
| Q2 24 | $113.2M | $102.1M | ||
| Q1 24 | $36.1M | $97.6M |
毛利率MATXWWD
| Q4 25 | — | 29.3% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 27.2% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | — | 24.3% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | — | 28.1% |
营业利润率MATXWWD
| Q4 25 | 16.9% | 17.0% | ||
| Q3 25 | 18.3% | 16.1% | ||
| Q2 25 | 13.6% | 13.9% | ||
| Q1 25 | 10.5% | 15.0% | ||
| Q4 24 | 16.6% | 13.2% | ||
| Q3 24 | 25.2% | 11.9% | ||
| Q2 24 | 14.7% | 14.4% | ||
| Q1 24 | 5.1% | 14.4% |
净利率MATXWWD
| Q4 25 | 16.8% | 13.4% | ||
| Q3 25 | 15.3% | 13.8% | ||
| Q2 25 | 11.4% | 11.8% | ||
| Q1 25 | 9.2% | 12.3% | ||
| Q4 24 | 14.4% | 11.3% | ||
| Q3 24 | 20.7% | 9.7% | ||
| Q2 24 | 13.4% | 12.0% | ||
| Q1 24 | 5.0% | 11.7% |
每股收益（稀释后）MATXWWD
| Q4 25 | $4.47 | $2.17 | ||
| Q3 25 | $4.24 | $2.23 | ||
| Q2 25 | $2.92 | $1.76 | ||
| Q1 25 | $2.18 | $1.78 | ||
| Q4 24 | $3.69 | $1.42 | ||
| Q3 24 | $5.89 | $1.36 | ||
| Q2 24 | $3.31 | $1.63 | ||
| Q1 24 | $1.04 | $1.56 |
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 | $454.2M |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $2.6B |
| 总资产 | $4.6B | $4.7B |
| 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MATXWWD
| Q4 25 | $141.9M | $454.2M | ||
| Q3 25 | $92.7M | $327.4M | ||
| Q2 25 | $59.1M | $473.2M | ||
| Q1 25 | $122.0M | $364.1M | ||
| Q4 24 | $266.8M | $283.7M | ||
| Q3 24 | $270.3M | $282.3M | ||
| Q2 24 | $168.2M | $308.3M | ||
| Q1 24 | $25.9M | $316.9M |
总债务MATXWWD
| Q4 25 | $361.2M | — | ||
| Q3 25 | $370.9M | $579.9M | ||
| Q2 25 | $341.3M | — | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | — | ||
| Q3 24 | $370.9M | $655.5M | ||
| Q2 24 | $381.0M | — | ||
| Q1 24 | $390.8M | — |
股东权益MATXWWD
| Q4 25 | $2.8B | $2.6B | ||
| Q3 25 | $2.7B | $2.6B | ||
| Q2 25 | $2.6B | $2.5B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.7B | $2.2B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.4B | $2.2B | ||
| Q1 24 | $2.4B | $2.3B |
总资产MATXWWD
| Q4 25 | $4.6B | $4.7B | ||
| Q3 25 | $4.6B | $4.6B | ||
| Q2 25 | $4.5B | $4.7B | ||
| Q1 25 | $4.5B | $4.5B | ||
| Q4 24 | $4.6B | $4.3B | ||
| Q3 24 | $4.4B | $4.4B | ||
| Q2 24 | $4.3B | $4.3B | ||
| Q1 24 | $4.2B | $4.4B |
负债/权益比MATXWWD
| Q4 25 | 0.13× | — | ||
| Q3 25 | 0.14× | 0.23× | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.15× | 0.30× | ||
| 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 | $114.4M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $70.3M |
| 自由现金流率自由现金流/营收 | 5.0% | 7.1% |
| 资本支出强度资本支出/营收 | 15.8% | 4.4% |
| 现金转化率经营现金流/净利润 | 1.24× | 0.86× |
| 过去12个月自由现金流最近4个季度 | $153.7M | $409.7M |
8季度趋势，按日历期对齐
经营现金流MATXWWD
| Q4 25 | $176.9M | $114.4M | ||
| Q3 25 | $175.6M | $233.3M | ||
| Q2 25 | $105.6M | $125.6M | ||
| Q1 25 | $89.0M | $77.8M | ||
| Q4 24 | $174.7M | $34.5M | ||
| Q3 24 | $248.6M | $141.8M | ||
| Q2 24 | $307.9M | $153.2M | ||
| Q1 24 | $36.6M | $97.3M |
自由现金流MATXWWD
| Q4 25 | $42.2M | $70.3M | ||
| Q3 25 | $92.4M | $180.9M | ||
| Q2 25 | $19.3M | $99.1M | ||
| Q1 25 | $-200.0K | $59.4M | ||
| Q4 24 | $49.3M | $942.0K | ||
| Q3 24 | $189.0M | $117.7M | ||
| Q2 24 | $238.1M | $137.3M | ||
| Q1 24 | $-18.7M | $82.8M |
自由现金流率MATXWWD
| Q4 25 | 5.0% | 7.1% | ||
| Q3 25 | 10.5% | 18.2% | ||
| Q2 25 | 2.3% | 10.8% | ||
| Q1 25 | -0.0% | 6.7% | ||
| Q4 24 | 5.5% | 0.1% | ||
| Q3 24 | 19.6% | 13.8% | ||
| Q2 24 | 28.1% | 16.2% | ||
| Q1 24 | -2.6% | 9.9% |
资本支出强度MATXWWD
| Q4 25 | 15.8% | 4.4% | ||
| Q3 25 | 9.5% | 5.3% | ||
| Q2 25 | 10.4% | 2.9% | ||
| Q1 25 | 11.4% | 2.1% | ||
| Q4 24 | 14.1% | 4.3% | ||
| Q3 24 | 6.2% | 2.8% | ||
| Q2 24 | 8.2% | 1.9% | ||
| Q1 24 | 7.7% | 1.7% |
现金转化率MATXWWD
| Q4 25 | 1.24× | 0.86× | ||
| Q3 25 | 1.30× | 1.70× | ||
| Q2 25 | 1.12× | 1.16× | ||
| Q1 25 | 1.23× | 0.71× | ||
| Q4 24 | 1.36× | 0.40× | ||
| Q3 24 | 1.25× | 1.70× | ||
| Q2 24 | 2.72× | 1.50× | ||
| Q1 24 | 1.01× | 1.00× |
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% |
WWD
| Transferred At Point In Time | $253.6M | 25% |
| Commercial OEM | $187.9M | 19% |
| Transportation | $166.3M | 17% |
| Defense OEM | $138.2M | 14% |
| Power Generation | $122.8M | 12% |
| Oil And Gas | $72.4M | 7% |
| Defense Aftermarket | $63.8M | 6% |
