vs
玛斯特锁（MBC）与PLEXUS CORP（PLXS）财务数据对比。点击上方公司名可切换其他公司
PLEXUS CORP的季度营收约是玛斯特锁的1.7倍（$1.1B vs $644.6M），PLEXUS CORP净利率更高（3.8% vs -6.5%，领先10.4%），PLEXUS CORP同比增速更快（9.6% vs -3.5%），过去两年PLEXUS CORP的营收复合增速更高（7.9% vs 0.5%）
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
Plexus Corp是总部位于美国密歇根州特洛伊市的软件企业，专注于开发及推广Plex制造云产品，这是一款面向制造行业的SaaS模式云计算ERP解决方案，可助力制造企业实现数字化运营管理升级。
MBC vs PLXS — 直观对比
营收规模更大
PLXS
是对方的1.7倍
$644.6M
营收增速更快
PLXS
高出13.1%
-3.5%
净利率更高
PLXS
高出10.4%
-6.5%
两年增速更快
PLXS
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $644.6M | $1.1B |
| 净利润 | $-42.0M | $41.2M |
| 毛利率 | 26.0% | 9.9% |
| 营业利润率 | -4.2% | 5.1% |
| 净利率 | -6.5% | 3.8% |
| 营收同比 | -3.5% | 9.6% |
| 净利润同比 | -400.0% | -19.9% |
| 每股收益（稀释后） | $-0.32 | $1.51 |
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MBCPLXS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $644.6M | — | ||
| Q3 25 | $698.9M | — | ||
| Q2 25 | $730.9M | — | ||
| Q1 25 | $660.3M | — | ||
| Q4 24 | $667.7M | — | ||
| Q3 24 | $718.1M | — | ||
| Q2 24 | $676.5M | — |
净利润MBCPLXS
| Q1 26 | — | $41.2M | ||
| Q4 25 | $-42.0M | — | ||
| Q3 25 | $18.1M | — | ||
| Q2 25 | $37.3M | — | ||
| Q1 25 | $13.3M | — | ||
| Q4 24 | $14.0M | — | ||
| Q3 24 | $29.1M | — | ||
| Q2 24 | $45.3M | — |
毛利率MBCPLXS
| Q1 26 | — | 9.9% | ||
| Q4 25 | 26.0% | — | ||
| Q3 25 | 31.2% | — | ||
| Q2 25 | 32.8% | — | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | 30.4% | — | ||
| Q3 24 | 33.1% | — | ||
| Q2 24 | 34.1% | — |
营业利润率MBCPLXS
| Q1 26 | — | 5.1% | ||
| Q4 25 | -4.2% | — | ||
| Q3 25 | 6.0% | — | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | 5.6% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | 11.5% | — |
净利率MBCPLXS
| Q1 26 | — | 3.8% | ||
| Q4 25 | -6.5% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 6.7% | — |
每股收益（稀释后）MBCPLXS
| Q1 26 | — | $1.51 | ||
| Q4 25 | $-0.32 | — | ||
| Q3 25 | $0.14 | — | ||
| Q2 25 | $0.29 | — | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | $0.10 | — | ||
| Q3 24 | $0.22 | — | ||
| Q2 24 | $0.35 | — |
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 | $183.3M | $248.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $1.5B |
| 总资产 | $3.1B | $3.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MBCPLXS
| Q1 26 | — | $248.8M | ||
| Q4 25 | $183.3M | — | ||
| Q3 25 | $114.8M | — | ||
| Q2 25 | $120.1M | — | ||
| Q1 25 | $113.5M | — | ||
| Q4 24 | $120.6M | — | ||
| Q3 24 | $108.4M | — | ||
| Q2 24 | $189.4M | — |
总债务MBCPLXS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | — | — |
股东权益MBCPLXS
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
总资产MBCPLXS
| Q1 26 | — | $3.2B | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.4B | — |
负债/权益比MBCPLXS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | — | — |
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 | $86.9M | — |
| 自由现金流经营现金流 - 资本支出 | $52.5M | — |
| 自由现金流率自由现金流/营收 | 8.1% | — |
| 资本支出强度资本支出/营收 | 5.3% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $117.5M | — |
8季度趋势，按日历期对齐
经营现金流MBCPLXS
| Q1 26 | — | — | ||
| Q4 25 | $86.9M | — | ||
| Q3 25 | $55.4M | — | ||
| Q2 25 | $84.8M | — | ||
| Q1 25 | $-31.4M | — | ||
| Q4 24 | $115.1M | — | ||
| Q3 24 | $80.8M | — | ||
| Q2 24 | $77.4M | — |
自由现金流MBCPLXS
| Q1 26 | — | — | ||
| Q4 25 | $52.5M | — | ||
| Q3 25 | $39.5M | — | ||
| Q2 25 | $66.7M | — | ||
| Q1 25 | $-41.2M | — | ||
| Q4 24 | $68.8M | — | ||
| Q3 24 | $64.5M | — | ||
| Q2 24 | $66.1M | — |
自由现金流率MBCPLXS
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | -6.2% | — | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | 9.8% | — |
资本支出强度MBCPLXS
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 1.7% | — |
现金转化率MBCPLXS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.06× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | -2.36× | — | ||
| Q4 24 | 8.22× | — | ||
| Q3 24 | 2.78× | — | ||
| Q2 24 | 1.71× | — |
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
MBC
| Dealers | $345.7M | 54% |
| Retail | $220.0M | 34% |
| Builders | $78.9M | 12% |
PLXS
| Asia-Pacific | $612.0M | 57% |
| Americas | $345.0M | 32% |
| Europe, Middle East and Africa | $118.0M | 11% |
