vs
玛斯特锁（MBC）与Simpson Manufacturing Co., Inc.（SSD）财务数据对比。点击上方公司名可切换其他公司
玛斯特锁的季度营收约是Simpson Manufacturing Co., Inc.的1.2倍（$644.6M vs $539.3M），Simpson Manufacturing Co., Inc.净利率更高（10.4% vs -6.5%，领先16.9%），Simpson Manufacturing Co., Inc.同比增速更快（4.2% vs -3.5%），Simpson Manufacturing Co., Inc.自由现金流更多（$119.0M vs $52.5M），过去两年Simpson Manufacturing Co., Inc.的营收复合增速更高（0.8% 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。
辛普森制造是美国领先的建筑材料生产企业，主营面向新建建筑及改造翻新项目的结构连接件、紧固件、锚固件等专业产品，在建筑配套材料领域具备深厚的技术积累与较高的市场认可度。
MBC vs SSD — 直观对比
营收规模更大
MBC
是对方的1.2倍
$539.3M
营收增速更快
SSD
高出7.7%
-3.5%
净利率更高
SSD
高出16.9%
-6.5%
自由现金流更多
SSD
多$66.5M
$52.5M
两年增速更快
SSD
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $644.6M | $539.3M |
| 净利润 | $-42.0M | $56.2M |
| 毛利率 | 26.0% | 43.4% |
| 营业利润率 | -4.2% | 13.9% |
| 净利率 | -6.5% | 10.4% |
| 营收同比 | -3.5% | 4.2% |
| 净利润同比 | -400.0% | 1.4% |
| 每股收益（稀释后） | $-0.32 | $1.34 |
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MBCSSD
| Q4 25 | $644.6M | $539.3M | ||
| Q3 25 | $698.9M | $623.5M | ||
| Q2 25 | $730.9M | $631.1M | ||
| Q1 25 | $660.3M | $538.9M | ||
| Q4 24 | $667.7M | $517.4M | ||
| Q3 24 | $718.1M | $587.2M | ||
| Q2 24 | $676.5M | $597.0M | ||
| Q1 24 | $638.1M | $530.6M |
净利润MBCSSD
| Q4 25 | $-42.0M | $56.2M | ||
| Q3 25 | $18.1M | $107.4M | ||
| Q2 25 | $37.3M | $103.5M | ||
| Q1 25 | $13.3M | $77.9M | ||
| Q4 24 | $14.0M | $55.4M | ||
| Q3 24 | $29.1M | $93.5M | ||
| Q2 24 | $45.3M | $97.8M | ||
| Q1 24 | $37.5M | $75.4M |
毛利率MBCSSD
| Q4 25 | 26.0% | 43.4% | ||
| Q3 25 | 31.2% | 46.4% | ||
| Q2 25 | 32.8% | 46.7% | ||
| Q1 25 | 30.6% | 46.8% | ||
| Q4 24 | 30.4% | 44.0% | ||
| Q3 24 | 33.1% | 46.8% | ||
| Q2 24 | 34.1% | 46.7% | ||
| Q1 24 | 32.1% | 46.1% |
营业利润率MBCSSD
| Q4 25 | -4.2% | 13.9% | ||
| Q3 25 | 6.0% | 22.6% | ||
| Q2 25 | 9.2% | 22.2% | ||
| Q1 25 | 5.6% | 19.0% | ||
| Q4 24 | 5.6% | 14.8% | ||
| Q3 24 | 8.0% | 21.3% | ||
| Q2 24 | 11.5% | 22.1% | ||
| Q1 24 | 9.8% | 18.1% |
净利率MBCSSD
| Q4 25 | -6.5% | 10.4% | ||
| Q3 25 | 2.6% | 17.2% | ||
| Q2 25 | 5.1% | 16.4% | ||
| Q1 25 | 2.0% | 14.5% | ||
| Q4 24 | 2.1% | 10.7% | ||
| Q3 24 | 4.1% | 15.9% | ||
| Q2 24 | 6.7% | 16.4% | ||
| Q1 24 | 5.9% | 14.2% |
每股收益（稀释后）MBCSSD
| Q4 25 | $-0.32 | $1.34 | ||
| Q3 25 | $0.14 | $2.58 | ||
| Q2 25 | $0.29 | $2.47 | ||
| Q1 25 | $0.10 | $1.85 | ||
| Q4 24 | $0.10 | $1.31 | ||
| Q3 24 | $0.22 | $2.21 | ||
| Q2 24 | $0.35 | $2.31 | ||
| Q1 24 | $0.29 | $1.77 |
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 | $384.1M |
| 总债务越低越好 | — | $300.0M |
| 股东权益账面价值 | $1.3B | $2.0B |
| 总资产 | $3.1B | $3.1B |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资MBCSSD
| Q4 25 | $183.3M | $384.1M | ||
| Q3 25 | $114.8M | $297.3M | ||
| Q2 25 | $120.1M | $190.4M | ||
| Q1 25 | $113.5M | $150.3M | ||
| Q4 24 | $120.6M | $239.4M | ||
| Q3 24 | $108.4M | $339.4M | ||
| Q2 24 | $189.4M | $354.9M | ||
| Q1 24 | $153.7M | $369.1M |
总债务MBCSSD
| Q4 25 | — | $300.0M | ||
| Q3 25 | — | $371.3M | ||
| Q2 25 | — | $376.9M | ||
| Q1 25 | — | $382.5M | ||
| Q4 24 | $1.0B | $388.1M | ||
| Q3 24 | $1.1B | $393.8M | ||
| Q2 24 | — | $399.4M | ||
| Q1 24 | — | $405.0M |
股东权益MBCSSD
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.3B | $1.9B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $1.9B | ||
| Q2 24 | $1.3B | $1.8B | ||
| Q1 24 | $1.2B | $1.7B |
总资产MBCSSD
| Q4 25 | $3.1B | $3.1B | ||
| Q3 25 | $3.0B | $3.0B | ||
| Q2 25 | $3.0B | $3.0B | ||
| Q1 25 | $3.0B | $2.8B | ||
| Q4 24 | $2.9B | $2.7B | ||
| Q3 24 | $3.0B | $2.9B | ||
| Q2 24 | $2.4B | $2.8B | ||
| Q1 24 | $2.4B | $2.7B |
负债/权益比MBCSSD
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | 0.79× | 0.21× | ||
| Q3 24 | 0.83× | 0.21× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.23× |
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 | $155.7M |
| 自由现金流经营现金流 - 资本支出 | $52.5M | $119.0M |
| 自由现金流率自由现金流/营收 | 8.1% | 22.1% |
| 资本支出强度资本支出/营收 | 5.3% | 6.8% |
| 现金转化率经营现金流/净利润 | — | 2.77× |
| 过去12个月自由现金流最近4个季度 | $117.5M | $297.6M |
8季度趋势，按日历期对齐
经营现金流MBCSSD
| Q4 25 | $86.9M | $155.7M | ||
| Q3 25 | $55.4M | $170.2M | ||
| Q2 25 | $84.8M | $125.2M | ||
| Q1 25 | $-31.4M | $7.6M | ||
| Q4 24 | $115.1M | $115.8M | ||
| Q3 24 | $80.8M | $103.3M | ||
| Q2 24 | $77.4M | $111.1M | ||
| Q1 24 | $18.7M | $7.9M |
自由现金流MBCSSD
| Q4 25 | $52.5M | $119.0M | ||
| Q3 25 | $39.5M | $133.9M | ||
| Q2 25 | $66.7M | $87.3M | ||
| Q1 25 | $-41.2M | $-42.6M | ||
| Q4 24 | $68.8M | $60.3M | ||
| Q3 24 | $64.5M | $58.1M | ||
| Q2 24 | $66.1M | $70.9M | ||
| Q1 24 | $11.7M | $-31.5M |
自由现金流率MBCSSD
| Q4 25 | 8.1% | 22.1% | ||
| Q3 25 | 5.7% | 21.5% | ||
| Q2 25 | 9.1% | 13.8% | ||
| Q1 25 | -6.2% | -7.9% | ||
| Q4 24 | 10.3% | 11.7% | ||
| Q3 24 | 9.0% | 9.9% | ||
| Q2 24 | 9.8% | 11.9% | ||
| Q1 24 | 1.8% | -5.9% |
资本支出强度MBCSSD
| Q4 25 | 5.3% | 6.8% | ||
| Q3 25 | 2.3% | 5.8% | ||
| Q2 25 | 2.5% | 6.0% | ||
| Q1 25 | 1.5% | 9.3% | ||
| Q4 24 | 6.9% | 10.7% | ||
| Q3 24 | 2.3% | 7.7% | ||
| Q2 24 | 1.7% | 6.7% | ||
| Q1 24 | 1.1% | 7.4% |
现金转化率MBCSSD
| Q4 25 | — | 2.77× | ||
| Q3 25 | 3.06× | 1.58× | ||
| Q2 25 | 2.27× | 1.21× | ||
| Q1 25 | -2.36× | 0.10× | ||
| Q4 24 | 8.22× | 2.09× | ||
| Q3 24 | 2.78× | 1.10× | ||
| Q2 24 | 1.71× | 1.14× | ||
| Q1 24 | 0.50× | 0.11× |
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% |
SSD
| Wood Construction | $352.0M | 65% |
| Other | $122.4M | 23% |
| Concrete Construction | $64.6M | 12% |
| Other Products | $318.0K | 0% |
