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摩丁制造（MOD）与Madison Square Garden Sports Corp.（MSGS）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是Madison Square Garden Sports Corp.的2.0倍（$805.0M vs $403.4M），Madison Square Garden Sports Corp.净利率更高（2.0% vs -5.9%，领先7.9%），摩丁制造同比增速更快（30.5% vs 12.8%），Madison Square Garden Sports Corp.自由现金流更多（$31.6M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs -3.1%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
麦迪逊广场花园体育公司是总部位于美国纽约市的专业体育控股企业，深耕职业体育俱乐部运营、体育IP开发管理等核心业务，在北美体育产业领域拥有深厚的行业积累与较高的市场知名度。
MOD vs MSGS — 直观对比
营收规模更大
MOD
是对方的2.0倍
$403.4M
营收增速更快
MOD
高出17.7%
12.8%
净利率更高
MSGS
高出7.9%
-5.9%
自由现金流更多
MSGS
多$48.7M
$-17.1M
两年增速更快
MOD
近两年复合增速
-3.1%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $403.4M |
| 净利润 | $-47.4M | $8.2M |
| 毛利率 | 23.1% | — |
| 营业利润率 | 11.1% | 5.5% |
| 净利率 | -5.9% | 2.0% |
| 营收同比 | 30.5% | 12.8% |
| 净利润同比 | -215.6% | 641.9% |
| 每股收益（稀释后） | $-0.90 | $0.34 |
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MODMSGS
| Q4 25 | $805.0M | $403.4M | ||
| Q3 25 | $738.9M | $39.5M | ||
| Q2 25 | $682.8M | $204.0M | ||
| Q1 25 | $647.2M | $424.2M | ||
| Q4 24 | $616.8M | $357.8M | ||
| Q3 24 | $658.0M | $53.3M | ||
| Q2 24 | $661.5M | $227.3M | ||
| Q1 24 | $603.5M | $430.0M |
净利润MODMSGS
| Q4 25 | $-47.4M | $8.2M | ||
| Q3 25 | $44.4M | $-8.8M | ||
| Q2 25 | $51.2M | $-1.8M | ||
| Q1 25 | $49.6M | $-14.2M | ||
| Q4 24 | $41.0M | $1.1M | ||
| Q3 24 | $46.1M | $-7.5M | ||
| Q2 24 | $47.3M | $25.5M | ||
| Q1 24 | $25.8M | $37.9M |
毛利率MODMSGS
| Q4 25 | 23.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 25.6% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.6% | — | ||
| Q1 24 | 22.4% | — |
营业利润率MODMSGS
| Q4 25 | 11.1% | 5.5% | ||
| Q3 25 | 9.9% | -69.5% | ||
| Q2 25 | 11.1% | -11.1% | ||
| Q1 25 | 11.5% | 7.6% | ||
| Q4 24 | 9.6% | 3.7% | ||
| Q3 24 | 11.4% | -15.5% | ||
| Q2 24 | 11.2% | 23.0% | ||
| Q1 24 | 7.8% | 18.5% |
净利率MODMSGS
| Q4 25 | -5.9% | 2.0% | ||
| Q3 25 | 6.0% | -22.3% | ||
| Q2 25 | 7.5% | -0.9% | ||
| Q1 25 | 7.7% | -3.4% | ||
| Q4 24 | 6.6% | 0.3% | ||
| Q3 24 | 7.0% | -14.1% | ||
| Q2 24 | 7.2% | 11.2% | ||
| Q1 24 | 4.3% | 8.8% |
每股收益（稀释后）MODMSGS
| Q4 25 | $-0.90 | $0.34 | ||
| Q3 25 | $0.83 | $-0.37 | ||
| Q2 25 | $0.95 | $-0.08 | ||
| Q1 25 | $0.92 | $-0.59 | ||
| Q4 24 | $0.76 | $0.05 | ||
| Q3 24 | $0.86 | $-0.31 | ||
| Q2 24 | $0.88 | $1.07 | ||
| Q1 24 | $0.48 | $1.57 |
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 | $98.7M | $81.3M |
| 总债务越低越好 | $570.7M | — |
| 股东权益账面价值 | $1.1B | $-282.1M |
| 总资产 | $2.5B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资MODMSGS
| Q4 25 | $98.7M | $81.3M | ||
| Q3 25 | $83.8M | $48.6M | ||
| Q2 25 | $124.5M | $144.6M | ||
| Q1 25 | $71.6M | $96.5M | ||
| Q4 24 | $83.8M | $107.8M | ||
| Q3 24 | $78.6M | $52.3M | ||
| Q2 24 | $72.9M | $89.1M | ||
| Q1 24 | $60.1M | $40.0M |
总债务MODMSGS
| Q4 25 | $570.7M | — | ||
| Q3 25 | $525.8M | — | ||
| Q2 25 | $482.1M | — | ||
| Q1 25 | $296.7M | — | ||
| Q4 24 | $330.0M | — | ||
| Q3 24 | $359.1M | — | ||
| Q2 24 | $405.7M | — | ||
| Q1 24 | $399.9M | — |
股东权益MODMSGS
| Q4 25 | $1.1B | $-282.1M | ||
| Q3 25 | $1.1B | $-294.2M | ||
| Q2 25 | $1.0B | $-281.4M | ||
| Q1 25 | $910.2M | $-283.4M | ||
| Q4 24 | $855.1M | $-273.1M | ||
| Q3 24 | $858.8M | $-277.5M | ||
| Q2 24 | $788.4M | $-266.3M | ||
| Q1 24 | $747.6M | $-294.0M |
总资产MODMSGS
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.4B | $1.5B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.9B | $1.4B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.9B | $1.4B |
负债/权益比MODMSGS
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.53× | — |
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 | $24.7M | $32.4M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $31.6M |
| 自由现金流率自由现金流/营收 | -2.1% | 7.8% |
| 资本支出强度资本支出/营收 | 5.2% | 0.2% |
| 现金转化率经营现金流/净利润 | — | 3.94× |
| 过去12个月自由现金流最近4个季度 | $-20.3M | $-480.0K |
8季度趋势，按日历期对齐
经营现金流MODMSGS
| Q4 25 | $24.7M | $32.4M | ||
| Q3 25 | $1.4M | $-85.0M | ||
| Q2 25 | $27.7M | $49.7M | ||
| Q1 25 | $54.8M | $6.3M | ||
| Q4 24 | $60.7M | $61.8M | ||
| Q3 24 | $57.3M | $-26.2M | ||
| Q2 24 | $40.5M | $108.4M | ||
| Q1 24 | $39.6M | $4.0M |
自由现金流MODMSGS
| Q4 25 | $-17.1M | $31.6M | ||
| Q3 25 | $-30.5M | $-85.3M | ||
| Q2 25 | $200.0K | $49.4M | ||
| Q1 25 | $27.1M | $3.9M | ||
| Q4 24 | $44.7M | $61.2M | ||
| Q3 24 | $43.8M | $-26.5M | ||
| Q2 24 | $13.7M | $108.0M | ||
| Q1 24 | $-4.3M | $3.9M |
自由现金流率MODMSGS
| Q4 25 | -2.1% | 7.8% | ||
| Q3 25 | -4.1% | -216.3% | ||
| Q2 25 | 0.0% | 24.2% | ||
| Q1 25 | 4.2% | 0.9% | ||
| Q4 24 | 7.2% | 17.1% | ||
| Q3 24 | 6.7% | -49.7% | ||
| Q2 24 | 2.1% | 47.5% | ||
| Q1 24 | -0.7% | 0.9% |
资本支出强度MODMSGS
| Q4 25 | 5.2% | 0.2% | ||
| Q3 25 | 4.3% | 0.9% | ||
| Q2 25 | 4.0% | 0.2% | ||
| Q1 25 | 4.3% | 0.6% | ||
| Q4 24 | 2.6% | 0.1% | ||
| Q3 24 | 2.1% | 0.7% | ||
| Q2 24 | 4.1% | 0.2% | ||
| Q1 24 | 7.3% | 0.0% |
现金转化率MODMSGS
| Q4 25 | — | 3.94× | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.48× | 55.61× | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | 4.25× | ||
| Q1 24 | 1.53× | 0.11× |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
