vs
Meta Platforms（META）与Match Group（MTCH）财务数据对比。点击上方公司名可切换其他公司
Meta Platforms的季度营收约是Match Group的68.2倍（$59.9B vs $878.0M）。Meta Platforms净利率更高（38.0% vs 23.9%，领先14.1%）。Meta Platforms同比增速更快（23.8% vs 2.1%）。Meta Platforms自由现金流更多（$14.8B vs $308.1M）。过去两年Meta Platforms的营收复合增速更高（28.2% vs 1.1%）
Meta Platforms是总部位于美国加利福尼亚州门洛帕克的跨国科技巨头，属于全球头部科技企业阵营。旗下运营Facebook、Instagram、WhatsApp、Messenger、Threads等多款知名社交媒体及通讯服务，同时开展自有及第三方站点广告业务，2023年广告收入占其总营收的97.8%。
美国互联网科技企业Match Group总部位于得克萨斯州达拉斯，旗下拥有全球规模最大的在线约会服务品牌矩阵，运营Tinder、Hinge、Plenty of Fish等多款全球知名约会产品。2020年7月公司从IAC分拆为独立上市公司，截至2019年全球付费订阅用户达930万，其中近半数来自北美地区。
META vs MTCH — 直观对比
营收规模更大
META
是对方的68.2倍
$878.0M
营收增速更快
META
高出21.7%
2.1%
净利率更高
META
高出14.1%
23.9%
自由现金流更多
META
多$14.5B
$308.1M
两年增速更快
META
近两年复合增速
1.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $59.9B | $878.0M |
| 净利润 | $22.8B | $209.7M |
| 毛利率 | 81.8% | 74.7% |
| 营业利润率 | 41.3% | 32.4% |
| 净利率 | 38.0% | 23.9% |
| 营收同比 | 23.8% | 2.1% |
| 净利润同比 | 9.3% | 32.5% |
| 每股收益（稀释后） | $8.87 | $0.83 |
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METAMTCH
| Q4 25 | $59.9B | $878.0M | ||
| Q3 25 | $51.2B | $914.3M | ||
| Q2 25 | $47.5B | $863.7M | ||
| Q1 25 | $42.3B | $831.2M | ||
| Q4 24 | $48.4B | $860.2M | ||
| Q3 24 | $40.6B | $895.5M | ||
| Q2 24 | $39.1B | $864.1M | ||
| Q1 24 | $36.5B | $859.6M |
净利润METAMTCH
| Q4 25 | $22.8B | $209.7M | ||
| Q3 25 | $2.7B | $160.8M | ||
| Q2 25 | $18.3B | $125.5M | ||
| Q1 25 | $16.6B | $117.6M | ||
| Q4 24 | $20.8B | $158.3M | ||
| Q3 24 | $15.7B | $136.5M | ||
| Q2 24 | $13.5B | $133.3M | ||
| Q1 24 | $12.4B | $123.2M |
毛利率METAMTCH
| Q4 25 | 81.8% | 74.7% | ||
| Q3 25 | 82.0% | 73.0% | ||
| Q2 25 | 82.1% | 72.0% | ||
| Q1 25 | 82.1% | 71.5% | ||
| Q4 24 | 81.7% | 72.5% | ||
| Q3 24 | 81.8% | 71.7% | ||
| Q2 24 | 81.3% | 71.6% | ||
| Q1 24 | 81.8% | 70.1% |
营业利润率METAMTCH
| Q4 25 | 41.3% | 32.4% | ||
| Q3 25 | 40.1% | 24.2% | ||
| Q2 25 | 43.0% | 22.5% | ||
| Q1 25 | 41.5% | 20.8% | ||
| Q4 24 | 48.3% | 26.0% | ||
| Q3 24 | 42.7% | 23.5% | ||
| Q2 24 | 38.0% | 23.7% | ||
| Q1 24 | 37.9% | 21.5% |
净利率METAMTCH
| Q4 25 | 38.0% | 23.9% | ||
| Q3 25 | 5.3% | 17.6% | ||
| Q2 25 | 38.6% | 14.5% | ||
| Q1 25 | 39.3% | 14.1% | ||
| Q4 24 | 43.1% | 18.4% | ||
| Q3 24 | 38.7% | 15.2% | ||
| Q2 24 | 34.5% | 15.4% | ||
| Q1 24 | 33.9% | 14.3% |
每股收益（稀释后）METAMTCH
| Q4 25 | $8.87 | $0.83 | ||
| Q3 25 | $1.05 | $0.62 | ||
| Q2 25 | $7.14 | $0.49 | ||
| Q1 25 | $6.43 | $0.44 | ||
| Q4 24 | $7.96 | $0.59 | ||
| Q3 24 | $6.03 | $0.51 | ||
| Q2 24 | $5.16 | $0.48 | ||
| Q1 24 | $4.71 | $0.44 |
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 | $81.6B | $1.0B |
| 总债务越低越好 | $58.7B | $3.5B |
| 股东权益账面价值 | $217.2B | $-253.5M |
| 总资产 | $366.0B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.27× | — |
8季度趋势，按日历期对齐
现金及短期投资METAMTCH
| Q4 25 | $81.6B | $1.0B | ||
| Q3 25 | $44.4B | $1.1B | ||
| Q2 25 | $47.1B | $340.4M | ||
| Q1 25 | $70.2B | $414.2M | ||
| Q4 24 | $77.8B | $970.7M | ||
| Q3 24 | $70.9B | $860.9M | ||
| Q2 24 | $58.1B | $843.6M | ||
| Q1 24 | $58.1B | $920.9M |
总债务METAMTCH
| Q4 25 | $58.7B | $3.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | $28.8B | $3.8B | ||
| Q3 24 | $28.8B | $3.8B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.8B |
股东权益METAMTCH
| Q4 25 | $217.2B | $-253.5M | ||
| Q3 25 | $194.1B | $-223.9M | ||
| Q2 25 | $195.1B | $-230.9M | ||
| Q1 25 | $185.0B | $-182.7M | ||
| Q4 24 | $182.6B | $-63.7M | ||
| Q3 24 | $164.5B | $-88.5M | ||
| Q2 24 | $156.8B | $-130.2M | ||
| Q1 24 | $149.5B | $-107.8M |
总资产METAMTCH
| Q4 25 | $366.0B | $4.5B | ||
| Q3 25 | $303.8B | $4.5B | ||
| Q2 25 | $294.7B | $3.9B | ||
| Q1 25 | $280.2B | $3.9B | ||
| Q4 24 | $276.1B | $4.5B | ||
| Q3 24 | $256.4B | $4.4B | ||
| Q2 24 | $230.2B | $4.4B | ||
| Q1 24 | $222.8B | $4.4B |
负债/权益比METAMTCH
| Q4 25 | 0.27× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.16× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $36.2B | $322.8M |
| 自由现金流经营现金流 - 资本支出 | $14.8B | $308.1M |
| 自由现金流率自由现金流/营收 | 24.8% | 35.1% |
| 资本支出强度资本支出/营收 | 35.7% | 1.7% |
| 现金转化率经营现金流/净利润 | 1.59× | 1.54× |
| 过去12个月自由现金流最近4个季度 | $46.1B | $1.0B |
8季度趋势，按日历期对齐
经营现金流METAMTCH
| Q4 25 | $36.2B | $322.8M | ||
| Q3 25 | $30.0B | $320.6M | ||
| Q2 25 | $25.6B | $243.8M | ||
| Q1 25 | $24.0B | $193.1M | ||
| Q4 24 | $28.0B | $254.7M | ||
| Q3 24 | $24.7B | $264.9M | ||
| Q2 24 | $19.4B | $129.0M | ||
| Q1 24 | $19.2B | $284.1M |
自由现金流METAMTCH
| Q4 25 | $14.8B | $308.1M | ||
| Q3 25 | $11.2B | $306.8M | ||
| Q2 25 | $9.0B | $231.0M | ||
| Q1 25 | $11.1B | $177.7M | ||
| Q4 24 | $13.6B | $247.1M | ||
| Q3 24 | $16.5B | $251.8M | ||
| Q2 24 | $11.2B | $116.3M | ||
| Q1 24 | $12.8B | $266.9M |
自由现金流率METAMTCH
| Q4 25 | 24.8% | 35.1% | ||
| Q3 25 | 21.8% | 33.6% | ||
| Q2 25 | 19.0% | 26.7% | ||
| Q1 25 | 26.2% | 21.4% | ||
| Q4 24 | 28.0% | 28.7% | ||
| Q3 24 | 40.6% | 28.1% | ||
| Q2 24 | 28.7% | 13.5% | ||
| Q1 24 | 35.2% | 31.0% |
资本支出强度METAMTCH
| Q4 25 | 35.7% | 1.7% | ||
| Q3 25 | 36.7% | 1.5% | ||
| Q2 25 | 34.8% | 1.5% | ||
| Q1 25 | 30.6% | 1.9% | ||
| Q4 24 | 29.8% | 0.9% | ||
| Q3 24 | 20.3% | 1.5% | ||
| Q2 24 | 20.9% | 1.5% | ||
| Q1 24 | 17.6% | 2.0% |
现金转化率METAMTCH
| Q4 25 | 1.59× | 1.54× | ||
| Q3 25 | 11.07× | 1.99× | ||
| Q2 25 | 1.39× | 1.94× | ||
| Q1 25 | 1.44× | 1.64× | ||
| Q4 24 | 1.34× | 1.61× | ||
| Q3 24 | 1.58× | 1.94× | ||
| Q2 24 | 1.44× | 0.97× | ||
| Q1 24 | 1.56× | 2.31× |
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
META
| Advertising | $58.1B | 97% |
| Reality Labs | $955.0M | 2% |
| Service Other | $801.0M | 1% |
MTCH
| Tinder Segment | $479.3M | 55% |
| Hinge Segment | $186.5M | 21% |
| Evergreen And Emerging Segment | $148.1M | 17% |
| MG Asia Segment | $65.8M | 7% |
