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MALIBU BOATS, INC.（MBUU）与MasterCraft Boat Holdings, Inc.（MCFT）财务数据对比。点击上方公司名可切换其他公司
MALIBU BOATS, INC.的季度营收约是MasterCraft Boat Holdings, Inc.的2.6倍（$188.6M vs $71.8M）。MasterCraft Boat Holdings, Inc.净利率更高（3.5% vs -1.3%，领先4.8%）。MasterCraft Boat Holdings, Inc.同比增速更快（13.2% vs -5.8%）。MasterCraft Boat Holdings, Inc.自由现金流更多（$14.0M vs $8.2M）。过去两年MALIBU BOATS, INC.的营收复合增速更高（-3.7% vs -7.6%）
马里布游艇是美国休闲游艇制造商，1982年创立于加利福尼亚州默塞德，现总部位于田纳西州洛登，在澳大利亚新南威尔士州也设有生产基地。它是全球最大的水上运动拖船制造商，产品可供休闲使用，也应用于滑水、尾波滑板等各类赛事活动。
MasterCraft Boat Holdings是美国豪华高性能游艇制造商，1968年创立于田纳西州玛丽维尔，目前总部设于田纳西州沃诺尔。其生产的游艇主打滑水、尾波板、尾波冲浪等水上运动场景，在高端运动艇领域拥有较高知名度。
MBUU vs MCFT — 直观对比
营收规模更大
MBUU
是对方的2.6倍
$71.8M
营收增速更快
MCFT
高出19.1%
-5.8%
净利率更高
MCFT
高出4.8%
-1.3%
自由现金流更多
MCFT
多$5.7M
$8.2M
两年增速更快
MBUU
近两年复合增速
-7.6%
损益表 — Q2 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $188.6M | $71.8M |
| 净利润 | $-2.5M | $2.5M |
| 毛利率 | 13.3% | 21.6% |
| 营业利润率 | -1.9% | 3.8% |
| 净利率 | -1.3% | 3.5% |
| 营收同比 | -5.8% | 13.2% |
| 净利润同比 | -204.2% | -8.0% |
| 每股收益（稀释后） | $-0.13 | $0.16 |
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MBUUMCFT
| Q4 25 | $188.6M | $71.8M | ||
| Q3 25 | $194.7M | $69.0M | ||
| Q2 25 | $207.0M | $79.5M | ||
| Q1 25 | $228.7M | $76.0M | ||
| Q4 24 | $200.3M | $63.4M | ||
| Q3 24 | $171.6M | $65.4M | ||
| Q2 24 | $158.7M | $94.3M | ||
| Q1 24 | $203.4M | $84.0M |
净利润MBUUMCFT
| Q4 25 | $-2.5M | $2.5M | ||
| Q3 25 | $-702.0K | $3.6M | ||
| Q2 25 | $4.7M | $5.7M | ||
| Q1 25 | $12.9M | $3.7M | ||
| Q4 24 | $2.4M | $2.7M | ||
| Q3 24 | $-5.0M | $-5.1M | ||
| Q2 24 | $-19.2M | $6.2M | ||
| Q1 24 | $-66.8M | $3.8M |
毛利率MBUUMCFT
| Q4 25 | 13.3% | 21.6% | ||
| Q3 25 | 14.3% | 22.3% | ||
| Q2 25 | 15.8% | 23.2% | ||
| Q1 25 | 20.0% | 20.8% | ||
| Q4 24 | 18.7% | 17.2% | ||
| Q3 24 | 16.4% | 18.1% | ||
| Q2 24 | 7.9% | 23.8% | ||
| Q1 24 | 19.8% | 23.3% |
营业利润率MBUUMCFT
| Q4 25 | -1.9% | 3.8% | ||
| Q3 25 | -0.4% | 5.5% | ||
| Q2 25 | 3.3% | 7.5% | ||
| Q1 25 | 7.6% | 5.4% | ||
| Q4 24 | 1.6% | 0.3% | ||
| Q3 24 | -3.3% | 1.5% | ||
| Q2 24 | -15.4% | 11.2% | ||
| Q1 24 | -36.8% | 8.0% |
净利率MBUUMCFT
| Q4 25 | -1.3% | 3.5% | ||
| Q3 25 | -0.4% | 5.3% | ||
| Q2 25 | 2.3% | 7.2% | ||
| Q1 25 | 5.6% | 4.9% | ||
| Q4 24 | 1.2% | 4.3% | ||
| Q3 24 | -2.9% | -7.9% | ||
| Q2 24 | -12.1% | 6.6% | ||
| Q1 24 | -32.9% | 4.5% |
每股收益（稀释后）MBUUMCFT
| Q4 25 | $-0.13 | $0.16 | ||
| Q3 25 | $-0.04 | $0.22 | ||
| Q2 25 | $0.23 | $0.34 | ||
| Q1 25 | $0.66 | $0.23 | ||
| Q4 24 | $0.12 | $0.17 | ||
| Q3 24 | $-0.25 | $-0.31 | ||
| Q2 24 | $-0.93 | $0.38 | ||
| Q1 24 | $-3.28 | $0.22 |
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 | $28.2M | $81.4M |
| 总债务越低越好 | $20.0M | — |
| 股东权益账面价值 | $495.0M | $189.1M |
| 总资产 | $715.7M | $259.7M |
| 负债/权益比越低杠杆越低 | 0.04× | — |
8季度趋势，按日历期对齐
现金及短期投资MBUUMCFT
| Q4 25 | $28.2M | $81.4M | ||
| Q3 25 | $44.1M | $67.3M | ||
| Q2 25 | $37.0M | $79.4M | ||
| Q1 25 | $38.7M | $66.5M | ||
| Q4 24 | $35.1M | $62.9M | ||
| Q3 24 | $27.7M | $14.2M | ||
| Q2 24 | $26.9M | $86.2M | ||
| Q1 24 | $47.1M | $22.5M |
总债务MBUUMCFT
| Q4 25 | $20.0M | — | ||
| Q3 25 | $23.0M | — | ||
| Q2 25 | $18.0M | — | ||
| Q1 25 | $28.0M | — | ||
| Q4 24 | $23.0M | — | ||
| Q3 24 | $28.0M | $49.5M | ||
| Q2 24 | $0 | $49.3M | ||
| Q1 24 | $15.0M | $50.4M |
股东权益MBUUMCFT
| Q4 25 | $495.0M | $189.1M | ||
| Q3 25 | $516.4M | $185.5M | ||
| Q2 25 | $515.5M | $183.4M | ||
| Q1 25 | $513.0M | $182.1M | ||
| Q4 24 | $509.8M | $178.3M | ||
| Q3 24 | $517.7M | $175.4M | ||
| Q2 24 | $530.0M | $183.7M | ||
| Q1 24 | $557.2M | $196.9M |
总资产MBUUMCFT
| Q4 25 | $715.7M | $259.7M | ||
| Q3 25 | $755.6M | $259.3M | ||
| Q2 25 | $734.6M | $259.9M | ||
| Q1 25 | $758.8M | $261.9M | ||
| Q4 24 | $738.7M | $250.1M | ||
| Q3 24 | $759.1M | $309.1M | ||
| Q2 24 | $739.6M | $259.9M | ||
| Q1 24 | $797.6M | $340.9M |
负债/权益比MBUUMCFT
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 0.05× | — | ||
| Q3 24 | 0.05× | 0.28× | ||
| Q2 24 | 0.00× | 0.27× | ||
| Q1 24 | 0.03× | 0.26× |
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 | $12.6M | $15.6M |
| 自由现金流经营现金流 - 资本支出 | $8.2M | $14.0M |
| 自由现金流率自由现金流/营收 | 4.4% | 19.5% |
| 资本支出强度资本支出/营收 | 2.3% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 6.17× |
| 过去12个月自由现金流最近4个季度 | $33.3M | $26.2M |
8季度趋势，按日历期对齐
经营现金流MBUUMCFT
| Q4 25 | $12.6M | $15.6M | ||
| Q3 25 | $6.5M | $-6.8M | ||
| Q2 25 | $21.0M | $20.4M | ||
| Q1 25 | $15.5M | $6.3M | ||
| Q4 24 | $28.4M | $6.4M | ||
| Q3 24 | $-8.4M | $2.4M | ||
| Q2 24 | $16.3M | — | ||
| Q1 24 | $23.5M | $3.6M |
自由现金流MBUUMCFT
| Q4 25 | $8.2M | $14.0M | ||
| Q3 25 | $2.2M | $-9.9M | ||
| Q2 25 | $14.1M | $17.9M | ||
| Q1 25 | $8.8M | $4.3M | ||
| Q4 24 | $22.8M | $4.0M | ||
| Q3 24 | $-17.0M | $199.0K | ||
| Q2 24 | $4.5M | — | ||
| Q1 24 | $11.5M | $453.0K |
自由现金流率MBUUMCFT
| Q4 25 | 4.4% | 19.5% | ||
| Q3 25 | 1.1% | -14.4% | ||
| Q2 25 | 6.8% | 22.5% | ||
| Q1 25 | 3.8% | 5.7% | ||
| Q4 24 | 11.4% | 6.4% | ||
| Q3 24 | -9.9% | 0.3% | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 5.7% | 0.5% |
资本支出强度MBUUMCFT
| Q4 25 | 2.3% | 2.3% | ||
| Q3 25 | 2.2% | 4.5% | ||
| Q2 25 | 3.4% | 3.3% | ||
| Q1 25 | 2.9% | 2.6% | ||
| Q4 24 | 2.8% | 3.8% | ||
| Q3 24 | 5.0% | 3.4% | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | 5.9% | 3.8% |
现金转化率MBUUMCFT
| Q4 25 | — | 6.17× | ||
| Q3 25 | — | -1.88× | ||
| Q2 25 | 4.50× | 3.59× | ||
| Q1 25 | 1.20× | 1.69× | ||
| Q4 24 | 12.02× | 2.34× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.97× |
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
MBUU
| Boatand Trailer Sales | $68.1M | 36% |
| Saltwater Fishing | $65.3M | 35% |
| Cobalt | $52.6M | 28% |
| Part And Other Sales | $2.6M | 1% |
MCFT
| Boats And Trailers | $59.5M | 83% |
| Pontoon | $10.0M | 14% |
| Parts | $1.7M | 2% |
