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Mayville Engineering Company, Inc.（MEC）与福尼克斯（PLAB）财务数据对比。点击上方公司名可切换其他公司
福尼克斯的季度营收约是Mayville Engineering Company, Inc.的1.6倍（$210.4M vs $134.3M），福尼克斯净利率更高（10.9% vs -3.2%，领先14.1%），Mayville Engineering Company, Inc.同比增速更快（10.7% vs -5.5%），福尼克斯自由现金流更多（$25.2M vs $10.2M），过去两年福尼克斯的营收复合增速更高（-3.8% vs -8.8%）
Mayville Engineering Company（MEC）是总部位于美国的领先金属零部件、装配组件及定制工程解决方案供应商，主要服务农业、建筑、商用运输、国防、动力运动等领域的原始设备制造商客户，提供从原型开发到大规模量产的全流程服务。
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
MEC vs PLAB — 直观对比
营收规模更大
PLAB
是对方的1.6倍
$134.3M
营收增速更快
MEC
高出16.2%
-5.5%
净利率更高
PLAB
高出14.1%
-3.2%
自由现金流更多
PLAB
多$15.1M
$10.2M
两年增速更快
PLAB
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $210.4M |
| 净利润 | $-4.4M | $22.9M |
| 毛利率 | 6.8% | 33.7% |
| 营业利润率 | -4.1% | 22.9% |
| 净利率 | -3.2% | 10.9% |
| 营收同比 | 10.7% | -5.5% |
| 净利润同比 | -127.3% | -32.4% |
| 每股收益（稀释后） | $-0.22 | $0.39 |
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MECPLAB
| Q4 25 | $134.3M | — | ||
| Q3 25 | $144.3M | $210.4M | ||
| Q2 25 | $132.3M | $211.0M | ||
| Q1 25 | $135.6M | $212.1M | ||
| Q4 24 | $121.3M | $222.6M | ||
| Q3 24 | $135.4M | $211.0M | ||
| Q2 24 | $163.6M | $217.0M | ||
| Q1 24 | $161.3M | $216.3M |
净利润MECPLAB
| Q4 25 | $-4.4M | — | ||
| Q3 25 | $-2.7M | $22.9M | ||
| Q2 25 | $-1.1M | $8.9M | ||
| Q1 25 | $20.0K | $42.9M | ||
| Q4 24 | $16.0M | $33.9M | ||
| Q3 24 | $3.0M | $34.4M | ||
| Q2 24 | $3.8M | $36.3M | ||
| Q1 24 | $3.2M | $26.2M |
毛利率MECPLAB
| Q4 25 | 6.8% | — | ||
| Q3 25 | 11.0% | 33.7% | ||
| Q2 25 | 10.3% | 36.9% | ||
| Q1 25 | 11.3% | 35.6% | ||
| Q4 24 | 8.9% | 37.0% | ||
| Q3 24 | 12.6% | 35.6% | ||
| Q2 24 | 13.6% | 36.5% | ||
| Q1 24 | 13.0% | 36.6% |
营业利润率MECPLAB
| Q4 25 | -4.1% | — | ||
| Q3 25 | 0.0% | 22.9% | ||
| Q2 25 | 0.1% | 26.4% | ||
| Q1 25 | 1.2% | 24.6% | ||
| Q4 24 | 19.0% | 25.1% | ||
| Q3 24 | 4.2% | 24.7% | ||
| Q2 24 | 5.0% | 25.8% | ||
| Q1 24 | 4.7% | 26.6% |
净利率MECPLAB
| Q4 25 | -3.2% | — | ||
| Q3 25 | -1.9% | 10.9% | ||
| Q2 25 | -0.8% | 4.2% | ||
| Q1 25 | 0.0% | 20.2% | ||
| Q4 24 | 13.2% | 15.2% | ||
| Q3 24 | 2.2% | 16.3% | ||
| Q2 24 | 2.3% | 16.7% | ||
| Q1 24 | 2.0% | 12.1% |
每股收益（稀释后）MECPLAB
| Q4 25 | $-0.22 | — | ||
| Q3 25 | $-0.13 | $0.39 | ||
| Q2 25 | $-0.05 | $0.15 | ||
| Q1 25 | $0.00 | $0.68 | ||
| Q4 24 | $0.76 | $0.54 | ||
| Q3 24 | $0.14 | $0.55 | ||
| Q2 24 | $0.18 | $0.58 | ||
| Q1 24 | $0.16 | $0.42 |
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 | $1.5M | $575.8M |
| 总债务越低越好 | — | $16.0K |
| 股东权益账面价值 | $240.7M | $1.1B |
| 总资产 | $563.6M | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资MECPLAB
| Q4 25 | $1.5M | — | ||
| Q3 25 | $1.2M | $575.8M | ||
| Q2 25 | $206.0K | $558.4M | ||
| Q1 25 | $183.0K | $642.2M | ||
| Q4 24 | $206.0K | $640.7M | ||
| Q3 24 | $178.0K | $606.4M | ||
| Q2 24 | $314.0K | $559.9M | ||
| Q1 24 | $314.0K | $521.5M |
总债务MECPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | $16.0K | ||
| Q2 25 | — | $19.0K | ||
| Q1 25 | — | $21.0K | ||
| Q4 24 | — | $25.0K | ||
| Q3 24 | — | $28.0K | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $2.7M |
股东权益MECPLAB
| Q4 25 | $240.7M | — | ||
| Q3 25 | $244.8M | $1.1B | ||
| Q2 25 | $246.8M | $1.1B | ||
| Q1 25 | $250.0M | $1.1B | ||
| Q4 24 | $251.8M | $1.1B | ||
| Q3 24 | $238.4M | $1.1B | ||
| Q2 24 | $238.1M | $1.0B | ||
| Q1 24 | $234.0M | $1.0B |
总资产MECPLAB
| Q4 25 | $563.6M | — | ||
| Q3 25 | $585.6M | $1.8B | ||
| Q2 25 | $433.7M | $1.7B | ||
| Q1 25 | $447.7M | $1.7B | ||
| Q4 24 | $445.6M | $1.7B | ||
| Q3 24 | $466.0M | $1.6B | ||
| Q2 24 | $488.2M | $1.6B | ||
| Q1 24 | $499.9M | $1.6B |
负债/权益比MECPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $13.4M | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $10.2M | $25.2M |
| 自由现金流率自由现金流/营收 | 7.6% | 12.0% |
| 资本支出强度资本支出/营收 | 2.4% | 11.8% |
| 现金转化率经营现金流/净利润 | — | 2.19× |
| 过去12个月自由现金流最近4个季度 | $26.9M | $64.5M |
8季度趋势，按日历期对齐
经营现金流MECPLAB
| Q4 25 | $13.4M | — | ||
| Q3 25 | $1.9M | $50.1M | ||
| Q2 25 | $15.0M | $31.5M | ||
| Q1 25 | $8.3M | $78.5M | ||
| Q4 24 | $38.0M | $68.4M | ||
| Q3 24 | $17.9M | $75.1M | ||
| Q2 24 | $23.3M | $76.5M | ||
| Q1 24 | $10.6M | $41.5M |
自由现金流MECPLAB
| Q4 25 | $10.2M | — | ||
| Q3 25 | $-1.1M | $25.2M | ||
| Q2 25 | $12.5M | $-29.1M | ||
| Q1 25 | $5.4M | $43.3M | ||
| Q4 24 | $35.6M | $25.2M | ||
| Q3 24 | $15.1M | $50.7M | ||
| Q2 24 | $19.2M | $56.5M | ||
| Q1 24 | $7.8M | $-1.8M |
自由现金流率MECPLAB
| Q4 25 | 7.6% | — | ||
| Q3 25 | -0.8% | 12.0% | ||
| Q2 25 | 9.5% | -13.8% | ||
| Q1 25 | 4.0% | 20.4% | ||
| Q4 24 | 29.4% | 11.3% | ||
| Q3 24 | 11.1% | 24.0% | ||
| Q2 24 | 11.7% | 26.0% | ||
| Q1 24 | 4.9% | -0.8% |
资本支出强度MECPLAB
| Q4 25 | 2.4% | — | ||
| Q3 25 | 2.1% | 11.8% | ||
| Q2 25 | 1.8% | 28.7% | ||
| Q1 25 | 2.2% | 16.6% | ||
| Q4 24 | 1.9% | 19.4% | ||
| Q3 24 | 2.1% | 11.6% | ||
| Q2 24 | 2.5% | 9.2% | ||
| Q1 24 | 1.7% | 20.0% |
现金转化率MECPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | 2.19× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | 416.65× | 1.83× | ||
| Q4 24 | 2.38× | 2.02× | ||
| Q3 24 | 6.03× | 2.18× | ||
| Q2 24 | 6.15× | 2.11× | ||
| Q1 24 | 3.28× | 1.59× |
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
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
