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MALIBU BOATS, INC.（MBUU）与POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）财务数据对比。点击上方公司名可切换其他公司
POWER SOLUTIONS INTERNATIONAL, INC.的季度营收约是MALIBU BOATS, INC.的1.0倍（$191.2M vs $188.6M），POWER SOLUTIONS INTERNATIONAL, INC.净利率更高（8.4% vs -1.3%，领先9.7%），POWER SOLUTIONS INTERNATIONAL, INC.同比增速更快（32.5% vs -5.8%），MALIBU BOATS, INC.自由现金流更多（$8.2M vs $-7.6M），过去两年POWER SOLUTIONS INTERNATIONAL, INC.的营收复合增速更高（41.7% vs -3.7%）
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。
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
MBUU vs PSIX — 直观对比
营收规模更大
PSIX
是对方的1.0倍
$188.6M
营收增速更快
PSIX
高出38.3%
-5.8%
净利率更高
PSIX
高出9.7%
-1.3%
自由现金流更多
MBUU
多$15.9M
$-7.6M
两年增速更快
PSIX
近两年复合增速
-3.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $188.6M | $191.2M |
| 净利润 | $-2.5M | $16.1M |
| 毛利率 | 13.3% | 21.9% |
| 营业利润率 | -1.9% | 12.7% |
| 净利率 | -1.3% | 8.4% |
| 营收同比 | -5.8% | 32.5% |
| 净利润同比 | -204.2% | -31.0% |
| 每股收益（稀释后） | $-0.13 | $0.69 |
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MBUUPSIX
| Q4 25 | $188.6M | $191.2M | ||
| Q3 25 | $194.7M | $203.8M | ||
| Q2 25 | $207.0M | $191.9M | ||
| Q1 25 | $228.7M | $135.4M | ||
| Q4 24 | $200.3M | $144.3M | ||
| Q3 24 | $171.6M | $125.8M | ||
| Q2 24 | $158.7M | $110.6M | ||
| Q1 24 | $203.4M | $95.2M |
净利润MBUUPSIX
| Q4 25 | $-2.5M | $16.1M | ||
| Q3 25 | $-702.0K | $27.6M | ||
| Q2 25 | $4.7M | $51.2M | ||
| Q1 25 | $12.9M | $19.1M | ||
| Q4 24 | $2.4M | $23.3M | ||
| Q3 24 | $-5.0M | $17.3M | ||
| Q2 24 | $-19.2M | $21.5M | ||
| Q1 24 | $-66.8M | $7.1M |
毛利率MBUUPSIX
| Q4 25 | 13.3% | 21.9% | ||
| Q3 25 | 14.3% | 23.9% | ||
| Q2 25 | 15.8% | 28.2% | ||
| Q1 25 | 20.0% | 29.7% | ||
| Q4 24 | 18.7% | 29.9% | ||
| Q3 24 | 16.4% | 28.9% | ||
| Q2 24 | 7.9% | 31.8% | ||
| Q1 24 | 19.8% | 27.0% |
营业利润率MBUUPSIX
| Q4 25 | -1.9% | 12.7% | ||
| Q3 25 | -0.4% | 13.9% | ||
| Q2 25 | 3.3% | 16.9% | ||
| Q1 25 | 7.6% | 18.2% | ||
| Q4 24 | 1.6% | 17.5% | ||
| Q3 24 | -3.3% | 16.3% | ||
| Q2 24 | -15.4% | 22.9% | ||
| Q1 24 | -36.8% | 11.2% |
净利率MBUUPSIX
| Q4 25 | -1.3% | 8.4% | ||
| Q3 25 | -0.4% | 13.5% | ||
| Q2 25 | 2.3% | 26.7% | ||
| Q1 25 | 5.6% | 14.1% | ||
| Q4 24 | 1.2% | 16.1% | ||
| Q3 24 | -2.9% | 13.8% | ||
| Q2 24 | -12.1% | 19.5% | ||
| Q1 24 | -32.9% | 7.5% |
每股收益（稀释后）MBUUPSIX
| Q4 25 | $-0.13 | $0.69 | ||
| Q3 25 | $-0.04 | $1.20 | ||
| Q2 25 | $0.23 | $2.22 | ||
| Q1 25 | $0.66 | $0.83 | ||
| Q4 24 | $0.12 | $1.01 | ||
| Q3 24 | $-0.25 | $0.75 | ||
| Q2 24 | $-0.93 | $0.94 | ||
| Q1 24 | $-3.28 | $0.31 |
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 | $41.3M |
| 总债务越低越好 | $20.0M | $96.6M |
| 股东权益账面价值 | $495.0M | $178.6M |
| 总资产 | $715.7M | $424.7M |
| 负债/权益比越低杠杆越低 | 0.04× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资MBUUPSIX
| Q4 25 | $28.2M | $41.3M | ||
| Q3 25 | $44.1M | $49.0M | ||
| Q2 25 | $37.0M | $49.5M | ||
| Q1 25 | $38.7M | $50.0M | ||
| Q4 24 | $35.1M | $55.3M | ||
| Q3 24 | $27.7M | $40.5M | ||
| Q2 24 | $26.9M | $28.8M | ||
| Q1 24 | $47.1M | $33.1M |
总债务MBUUPSIX
| Q4 25 | $20.0M | $96.6M | ||
| Q3 25 | $23.0M | $96.7M | ||
| Q2 25 | $18.0M | $1.8M | ||
| Q1 25 | $28.0M | $1.0M | ||
| Q4 24 | $23.0M | $184.0K | ||
| Q3 24 | $28.0M | $238.0K | ||
| Q2 24 | $0 | $292.0K | ||
| Q1 24 | $15.0M | $345.0K |
股东权益MBUUPSIX
| Q4 25 | $495.0M | $178.6M | ||
| Q3 25 | $516.4M | $162.5M | ||
| Q2 25 | $515.5M | $135.7M | ||
| Q1 25 | $513.0M | $84.3M | ||
| Q4 24 | $509.8M | $65.3M | ||
| Q3 24 | $517.7M | $42.1M | ||
| Q2 24 | $530.0M | $24.8M | ||
| Q1 24 | $557.2M | $3.2M |
总资产MBUUPSIX
| Q4 25 | $715.7M | $424.7M | ||
| Q3 25 | $755.6M | $458.9M | ||
| Q2 25 | $734.6M | $437.7M | ||
| Q1 25 | $758.8M | $372.7M | ||
| Q4 24 | $738.7M | $328.2M | ||
| Q3 24 | $759.1M | $339.1M | ||
| Q2 24 | $739.6M | $307.6M | ||
| Q1 24 | $797.6M | $286.8M |
负债/权益比MBUUPSIX
| Q4 25 | 0.04× | 0.54× | ||
| Q3 25 | 0.04× | 0.60× | ||
| Q2 25 | 0.03× | 0.01× | ||
| Q1 25 | 0.05× | 0.01× | ||
| Q4 24 | 0.05× | 0.00× | ||
| Q3 24 | 0.05× | 0.01× | ||
| Q2 24 | 0.00× | 0.01× | ||
| Q1 24 | 0.03× | 0.11× |
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 | $-4.6M |
| 自由现金流经营现金流 - 资本支出 | $8.2M | $-7.6M |
| 自由现金流率自由现金流/营收 | 4.4% | -4.0% |
| 资本支出强度资本支出/营收 | 2.3% | 1.6% |
| 现金转化率经营现金流/净利润 | — | -0.29× |
| 过去12个月自由现金流最近4个季度 | $33.3M | $14.1M |
8季度趋势，按日历期对齐
经营现金流MBUUPSIX
| Q4 25 | $12.6M | $-4.6M | ||
| Q3 25 | $6.5M | $3.3M | ||
| Q2 25 | $21.0M | $16.7M | ||
| Q1 25 | $15.5M | $8.8M | ||
| Q4 24 | $28.4M | $32.7M | ||
| Q3 24 | $-8.4M | $12.6M | ||
| Q2 24 | $16.3M | $1.5M | ||
| Q1 24 | $23.5M | $15.6M |
自由现金流MBUUPSIX
| Q4 25 | $8.2M | $-7.6M | ||
| Q3 25 | $2.2M | $1.7M | ||
| Q2 25 | $14.1M | $14.6M | ||
| Q1 25 | $8.8M | $5.4M | ||
| Q4 24 | $22.8M | $30.0M | ||
| Q3 24 | $-17.0M | $12.1M | ||
| Q2 24 | $4.5M | $822.0K | ||
| Q1 24 | $11.5M | $14.8M |
自由现金流率MBUUPSIX
| Q4 25 | 4.4% | -4.0% | ||
| Q3 25 | 1.1% | 0.8% | ||
| Q2 25 | 6.8% | 7.6% | ||
| Q1 25 | 3.8% | 4.0% | ||
| Q4 24 | 11.4% | 20.8% | ||
| Q3 24 | -9.9% | 9.7% | ||
| Q2 24 | 2.8% | 0.7% | ||
| Q1 24 | 5.7% | 15.6% |
资本支出强度MBUUPSIX
| Q4 25 | 2.3% | 1.6% | ||
| Q3 25 | 2.2% | 0.8% | ||
| Q2 25 | 3.4% | 1.1% | ||
| Q1 25 | 2.9% | 2.5% | ||
| Q4 24 | 2.8% | 1.8% | ||
| Q3 24 | 5.0% | 0.3% | ||
| Q2 24 | 7.5% | 0.6% | ||
| Q1 24 | 5.9% | 0.9% |
现金转化率MBUUPSIX
| Q4 25 | — | -0.29× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | 4.50× | 0.33× | ||
| Q1 25 | 1.20× | 0.46× | ||
| Q4 24 | 12.02× | 1.40× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 2.20× |
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% |
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
