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MALIBU BOATS, INC.（MBUU）与null（SWIM）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null的1.9倍（$188.6M vs $100.0M），MALIBU BOATS, INC.净利率更高（-1.3% vs -7.0%，领先5.7%），null同比增速更快（14.5% vs -5.8%），null自由现金流更多（$14.1M vs $8.2M），过去两年MALIBU BOATS, INC.的营收复合增速更高（-3.7% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
MBUU vs SWIM — 直观对比
营收规模更大
MBUU
是对方的1.9倍
$100.0M
营收增速更快
SWIM
高出20.3%
-5.8%
净利率更高
MBUU
高出5.7%
-7.0%
自由现金流更多
SWIM
多$5.8M
$8.2M
两年增速更快
MBUU
近两年复合增速
-4.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $188.6M | $100.0M |
| 净利润 | $-2.5M | $-7.0M |
| 毛利率 | 13.3% | 28.0% |
| 营业利润率 | -1.9% | -10.7% |
| 净利率 | -1.3% | -7.0% |
| 营收同比 | -5.8% | 14.5% |
| 净利润同比 | -204.2% | 76.0% |
| 每股收益（稀释后） | $-0.13 | $-0.06 |
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MBUUSWIM
| Q4 25 | $188.6M | $100.0M | ||
| Q3 25 | $194.7M | $161.9M | ||
| Q2 25 | $207.0M | $172.6M | ||
| Q1 25 | $228.7M | $111.4M | ||
| Q4 24 | $200.3M | $87.3M | ||
| Q3 24 | $171.6M | $150.5M | ||
| Q2 24 | $158.7M | $160.1M | ||
| Q1 24 | $203.4M | $110.6M |
净利润MBUUSWIM
| Q4 25 | $-2.5M | $-7.0M | ||
| Q3 25 | $-702.0K | $8.1M | ||
| Q2 25 | $4.7M | $16.0M | ||
| Q1 25 | $12.9M | $-6.0M | ||
| Q4 24 | $2.4M | $-29.2M | ||
| Q3 24 | $-5.0M | $5.9M | ||
| Q2 24 | $-19.2M | $13.3M | ||
| Q1 24 | $-66.8M | $-7.9M |
毛利率MBUUSWIM
| Q4 25 | 13.3% | 28.0% | ||
| Q3 25 | 14.3% | 35.4% | ||
| Q2 25 | 15.8% | 37.1% | ||
| Q1 25 | 20.0% | 29.5% | ||
| Q4 24 | 18.7% | 24.6% | ||
| Q3 24 | 16.4% | 32.4% | ||
| Q2 24 | 7.9% | 33.1% | ||
| Q1 24 | 19.8% | 27.7% |
营业利润率MBUUSWIM
| Q4 25 | -1.9% | -10.7% | ||
| Q3 25 | -0.4% | 13.3% | ||
| Q2 25 | 3.3% | 14.3% | ||
| Q1 25 | 7.6% | -4.4% | ||
| Q4 24 | 1.6% | -14.9% | ||
| Q3 24 | -3.3% | 8.9% | ||
| Q2 24 | -15.4% | 12.5% | ||
| Q1 24 | -36.8% | -1.9% |
净利率MBUUSWIM
| Q4 25 | -1.3% | -7.0% | ||
| Q3 25 | -0.4% | 5.0% | ||
| Q2 25 | 2.3% | 9.3% | ||
| Q1 25 | 5.6% | -5.4% | ||
| Q4 24 | 1.2% | -33.4% | ||
| Q3 24 | -2.9% | 3.9% | ||
| Q2 24 | -12.1% | 8.3% | ||
| Q1 24 | -32.9% | -7.1% |
每股收益（稀释后）MBUUSWIM
| Q4 25 | $-0.13 | $-0.06 | ||
| Q3 25 | $-0.04 | $0.07 | ||
| Q2 25 | $0.23 | $0.13 | ||
| Q1 25 | $0.66 | $-0.05 | ||
| Q4 24 | $0.12 | $-0.24 | ||
| Q3 24 | $-0.25 | $0.05 | ||
| Q2 24 | $-0.93 | $0.11 | ||
| Q1 24 | $-3.28 | $-0.07 |
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 | — |
| 总债务越低越好 | $20.0M | $279.8M |
| 股东权益账面价值 | $495.0M | $405.9M |
| 总资产 | $715.7M | $823.2M |
| 负债/权益比越低杠杆越低 | 0.04× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资MBUUSWIM
| Q4 25 | $28.2M | — | ||
| Q3 25 | $44.1M | — | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $38.7M | — | ||
| Q4 24 | $35.1M | — | ||
| Q3 24 | $27.7M | — | ||
| Q2 24 | $26.9M | — | ||
| Q1 24 | $47.1M | — |
总债务MBUUSWIM
| Q4 25 | $20.0M | $279.8M | ||
| Q3 25 | $23.0M | $281.1M | ||
| Q2 25 | $18.0M | $281.5M | ||
| Q1 25 | $28.0M | $306.9M | ||
| Q4 24 | $23.0M | $281.5M | ||
| Q3 24 | $28.0M | $282.8M | ||
| Q2 24 | $0 | $282.4M | ||
| Q1 24 | $15.0M | $282.8M |
股东权益MBUUSWIM
| Q4 25 | $495.0M | $405.9M | ||
| Q3 25 | $516.4M | $408.4M | ||
| Q2 25 | $515.5M | $398.4M | ||
| Q1 25 | $513.0M | $381.1M | ||
| Q4 24 | $509.8M | $387.2M | ||
| Q3 24 | $517.7M | $416.6M | ||
| Q2 24 | $530.0M | $408.1M | ||
| Q1 24 | $557.2M | $391.8M |
总资产MBUUSWIM
| Q4 25 | $715.7M | $823.2M | ||
| Q3 25 | $755.6M | $844.4M | ||
| Q2 25 | $734.6M | $822.1M | ||
| Q1 25 | $758.8M | $824.6M | ||
| Q4 24 | $738.7M | $794.2M | ||
| Q3 24 | $759.1M | $853.4M | ||
| Q2 24 | $739.6M | $830.0M | ||
| Q1 24 | $797.6M | $808.6M |
负债/权益比MBUUSWIM
| Q4 25 | 0.04× | 0.69× | ||
| Q3 25 | 0.04× | 0.69× | ||
| Q2 25 | 0.03× | 0.71× | ||
| Q1 25 | 0.05× | 0.81× | ||
| Q4 24 | 0.05× | 0.73× | ||
| Q3 24 | 0.05× | 0.68× | ||
| Q2 24 | 0.00× | 0.69× | ||
| Q1 24 | 0.03× | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $8.2M | $14.1M |
| 自由现金流率自由现金流/营收 | 4.4% | 14.1% |
| 资本支出强度资本支出/营收 | 2.3% | 9.2% |
| 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 | $33.3M | $38.0M |
8季度趋势，按日历期对齐
经营现金流MBUUSWIM
| Q4 25 | $12.6M | $23.3M | ||
| Q3 25 | $6.5M | $51.0M | ||
| Q2 25 | $21.0M | $36.0M | ||
| Q1 25 | $15.5M | $-46.9M | ||
| Q4 24 | $28.4M | $6.2M | ||
| Q3 24 | $-8.4M | $37.2M | ||
| Q2 24 | $16.3M | $52.4M | ||
| Q1 24 | $23.5M | $-34.5M |
自由现金流MBUUSWIM
| Q4 25 | $8.2M | $14.1M | ||
| Q3 25 | $2.2M | $45.2M | ||
| Q2 25 | $14.1M | $29.1M | ||
| Q1 25 | $8.8M | $-50.3M | ||
| Q4 24 | $22.8M | $-98.0K | ||
| Q3 24 | $-17.0M | $33.2M | ||
| Q2 24 | $4.5M | $47.9M | ||
| Q1 24 | $11.5M | $-39.9M |
自由现金流率MBUUSWIM
| Q4 25 | 4.4% | 14.1% | ||
| Q3 25 | 1.1% | 27.9% | ||
| Q2 25 | 6.8% | 16.8% | ||
| Q1 25 | 3.8% | -45.2% | ||
| Q4 24 | 11.4% | -0.1% | ||
| Q3 24 | -9.9% | 22.1% | ||
| Q2 24 | 2.8% | 29.9% | ||
| Q1 24 | 5.7% | -36.0% |
资本支出强度MBUUSWIM
| Q4 25 | 2.3% | 9.2% | ||
| Q3 25 | 2.2% | 3.6% | ||
| Q2 25 | 3.4% | 4.0% | ||
| Q1 25 | 2.9% | 3.1% | ||
| Q4 24 | 2.8% | 7.2% | ||
| Q3 24 | 5.0% | 2.7% | ||
| Q2 24 | 7.5% | 2.8% | ||
| Q1 24 | 5.9% | 4.8% |
现金转化率MBUUSWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | 4.50× | 2.25× | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 12.02× | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | — |
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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
