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迈梭电子（MEI）与必能宝（PBI）财务数据对比。点击上方公司名可切换其他公司
必能宝的季度营收约是迈梭电子的1.9倍（$477.6M vs $246.9M），必能宝净利率更高（5.7% vs -4.0%，领先9.7%），必能宝同比增速更快（-7.5% vs -15.6%），必能宝自由现金流更多（$201.4M vs $-11.6M），过去两年迈梭电子的营收复合增速更高（-2.5% vs -4.3%）
迈梭电子是一家总部位于美国伊利诺伊州芝加哥的跨国企业，主要业务涵盖工程研发、生产制造与销售服务，目前在全球14个国家设有超过35个运营网点，全球员工总数约6500人。
必能宝（Pitney Bowes）是全球知名科技与物流服务商，提供电商配送、邮寄处理、订单履约及客户信息管理解决方案，服务零售、金融、医疗、政府等领域的各类大中小企业客户，助力企业优化物流配送与客户运营效率。
MEI vs PBI — 直观对比
营收规模更大
PBI
是对方的1.9倍
$246.9M
营收增速更快
PBI
高出8.2%
-15.6%
净利率更高
PBI
高出9.7%
-4.0%
自由现金流更多
PBI
多$213.0M
$-11.6M
两年增速更快
MEI
近两年复合增速
-4.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $246.9M | $477.6M |
| 净利润 | $-9.9M | $27.3M |
| 毛利率 | 19.3% | — |
| 营业利润率 | 1.2% | 8.0% |
| 净利率 | -4.0% | 5.7% |
| 营收同比 | -15.6% | -7.5% |
| 净利润同比 | -518.8% | 173.1% |
| 每股收益（稀释后） | $-0.28 | $0.18 |
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MEIPBI
| Q4 25 | $246.9M | $477.6M | ||
| Q3 25 | $240.5M | $459.7M | ||
| Q2 25 | $257.1M | $461.9M | ||
| Q1 25 | $239.9M | $493.4M | ||
| Q4 24 | $292.6M | $516.1M | ||
| Q3 24 | $258.5M | $499.5M | ||
| Q2 24 | $277.3M | $489.7M | ||
| Q1 24 | $259.5M | $521.3M |
净利润MEIPBI
| Q4 25 | $-9.9M | $27.3M | ||
| Q3 25 | $-10.3M | $52.0M | ||
| Q2 25 | $-28.3M | $30.0M | ||
| Q1 25 | $-14.4M | $35.4M | ||
| Q4 24 | $-1.6M | $-37.4M | ||
| Q3 24 | $-18.3M | $-138.5M | ||
| Q2 24 | $-57.3M | $-24.9M | ||
| Q1 24 | $-11.6M | $-2.9M |
毛利率MEIPBI
| Q4 25 | 19.3% | — | ||
| Q3 25 | 18.1% | — | ||
| Q2 25 | 7.6% | — | ||
| Q1 25 | 17.2% | — | ||
| Q4 24 | 19.8% | 53.8% | ||
| Q3 24 | 17.3% | 52.4% | ||
| Q2 24 | 12.8% | 51.1% | ||
| Q1 24 | 14.3% | 52.3% |
营业利润率MEIPBI
| Q4 25 | 1.2% | 8.0% | ||
| Q3 25 | 0.5% | 14.8% | ||
| Q2 25 | -9.2% | 8.5% | ||
| Q1 25 | -0.9% | 9.5% | ||
| Q4 24 | 3.2% | -9.3% | ||
| Q3 24 | -2.9% | -8.8% | ||
| Q2 24 | -22.2% | -1.6% | ||
| Q1 24 | -1.2% | 9.1% |
净利率MEIPBI
| Q4 25 | -4.0% | 5.7% | ||
| Q3 25 | -4.3% | 11.3% | ||
| Q2 25 | -11.0% | 6.5% | ||
| Q1 25 | -6.0% | 7.2% | ||
| Q4 24 | -0.5% | -7.2% | ||
| Q3 24 | -7.1% | -27.7% | ||
| Q2 24 | -20.7% | -5.1% | ||
| Q1 24 | -4.5% | -0.6% |
每股收益（稀释后）MEIPBI
| Q4 25 | $-0.28 | $0.18 | ||
| Q3 25 | $-0.29 | $0.30 | ||
| Q2 25 | $-0.79 | $0.17 | ||
| Q1 25 | $-0.41 | $0.19 | ||
| Q4 24 | $-0.05 | $-0.21 | ||
| Q3 24 | $-0.52 | $-0.75 | ||
| Q2 24 | $-1.62 | $-0.14 | ||
| Q1 24 | $-0.33 | $-0.02 |
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 | $118.5M | $297.1M |
| 总债务越低越好 | $332.5M | $2.0B |
| 股东权益账面价值 | $679.3M | $-802.4M |
| 总资产 | $1.3B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.49× | — |
8季度趋势，按日历期对齐
现金及短期投资MEIPBI
| Q4 25 | $118.5M | $297.1M | ||
| Q3 25 | $121.1M | $336.0M | ||
| Q2 25 | $103.6M | $300.8M | ||
| Q1 25 | $103.8M | $340.0M | ||
| Q4 24 | $97.0M | $486.1M | ||
| Q3 24 | $111.3M | $575.5M | ||
| Q2 24 | $161.5M | $612.0M | ||
| Q1 24 | $122.9M | $538.0M |
总债务MEIPBI
| Q4 25 | $332.5M | $2.0B | ||
| Q3 25 | $323.4M | $2.1B | ||
| Q2 25 | $317.6M | $1.9B | ||
| Q1 25 | $327.9M | $1.9B | ||
| Q4 24 | $340.6M | $1.9B | ||
| Q3 24 | $296.0M | $2.1B | ||
| Q2 24 | $330.9M | $2.1B | ||
| Q1 24 | $331.3M | $2.1B |
股东权益MEIPBI
| Q4 25 | $679.3M | $-802.4M | ||
| Q3 25 | $688.1M | $-661.5M | ||
| Q2 25 | $693.3M | $-536.8M | ||
| Q1 25 | $704.3M | $-535.9M | ||
| Q4 24 | $738.3M | $-578.4M | ||
| Q3 24 | $744.4M | $-518.9M | ||
| Q2 24 | $766.0M | $-427.9M | ||
| Q1 24 | $835.0M | $-392.4M |
总资产MEIPBI
| Q4 25 | $1.3B | $3.2B | ||
| Q3 25 | $1.3B | $3.3B | ||
| Q2 25 | $1.3B | $3.2B | ||
| Q1 25 | $1.3B | $3.3B | ||
| Q4 24 | $1.4B | $3.4B | ||
| Q3 24 | $1.4B | $3.6B | ||
| Q2 24 | $1.4B | $4.1B | ||
| Q1 24 | $1.5B | $4.1B |
负债/权益比MEIPBI
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.43× | — | ||
| Q1 24 | 0.40× | — |
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 | $-7.4M | $221.7M |
| 自由现金流经营现金流 - 资本支出 | $-11.6M | $201.4M |
| 自由现金流率自由现金流/营收 | -4.7% | 42.2% |
| 资本支出强度资本支出/营收 | 1.7% | 4.2% |
| 现金转化率经营现金流/净利润 | — | 8.11× |
| 过去12个月自由现金流最近4个季度 | $52.3M | $317.0M |
8季度趋势，按日历期对齐
经营现金流MEIPBI
| Q4 25 | $-7.4M | $221.7M | ||
| Q3 25 | $25.1M | $66.8M | ||
| Q2 25 | $35.4M | $111.4M | ||
| Q1 25 | $28.1M | $-16.7M | ||
| Q4 24 | $-48.0M | $134.5M | ||
| Q3 24 | $10.9M | $14.7M | ||
| Q2 24 | $24.9M | $92.6M | ||
| Q1 24 | $28.8M | $-12.6M |
自由现金流MEIPBI
| Q4 25 | $-11.6M | $201.4M | ||
| Q3 25 | $18.0M | $51.1M | ||
| Q2 25 | $26.3M | $98.0M | ||
| Q1 25 | $19.6M | $-33.6M | ||
| Q4 24 | $-58.4M | $112.3M | ||
| Q3 24 | $-2.7M | $-4.7M | ||
| Q2 24 | $15.8M | $76.1M | ||
| Q1 24 | $12.2M | $-26.9M |
自由现金流率MEIPBI
| Q4 25 | -4.7% | 42.2% | ||
| Q3 25 | 7.5% | 11.1% | ||
| Q2 25 | 10.2% | 21.2% | ||
| Q1 25 | 8.2% | -6.8% | ||
| Q4 24 | -20.0% | 21.8% | ||
| Q3 24 | -1.0% | -0.9% | ||
| Q2 24 | 5.7% | 15.5% | ||
| Q1 24 | 4.7% | -5.2% |
资本支出强度MEIPBI
| Q4 25 | 1.7% | 4.2% | ||
| Q3 25 | 3.0% | 3.4% | ||
| Q2 25 | 3.5% | 2.9% | ||
| Q1 25 | 3.5% | 3.4% | ||
| Q4 24 | 3.6% | 4.3% | ||
| Q3 24 | 5.3% | 3.9% | ||
| Q2 24 | 3.3% | 3.4% | ||
| Q1 24 | 6.4% | 2.7% |
现金转化率MEIPBI
| Q4 25 | — | 8.11× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | 3.72× | ||
| Q1 25 | — | -0.47× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
MEI
暂无分部数据
PBI
| Sales And Services | $218.4M | 46% |
| Presort Services | $159.7M | 33% |
| Financing And Other | $79.0M | 17% |
| Other | $20.5M | 4% |
