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摩丁制造（MOD）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Snap Inc的季度营收约是摩丁制造的1.9倍（$1.5B vs $805.0M），Snap Inc净利率更高（-5.8% vs -5.9%，领先0.1%），摩丁制造同比增速更快（30.5% vs 12.1%），Snap Inc自由现金流更多（$286.0M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs 11.2%）
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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
MOD vs SNAP — 直观对比
营收规模更大
SNAP
是对方的1.9倍
$805.0M
营收增速更快
MOD
高出18.4%
12.1%
净利率更高
SNAP
高出0.1%
-5.9%
自由现金流更多
SNAP
多$303.1M
$-17.1M
两年增速更快
MOD
近两年复合增速
11.2%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $1.5B |
| 净利润 | $-47.4M | $-89.0M |
| 毛利率 | 23.1% | 56.5% |
| 营业利润率 | 11.1% | -4.9% |
| 净利率 | -5.9% | -5.8% |
| 营收同比 | 30.5% | 12.1% |
| 净利润同比 | -215.6% | 36.3% |
| 每股收益（稀释后） | $-0.90 | $-0.05 |
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MODSNAP
| Q1 26 | — | $1.5B | ||
| Q4 25 | $805.0M | $1.7B | ||
| Q3 25 | $738.9M | $1.5B | ||
| Q2 25 | $682.8M | $1.3B | ||
| Q1 25 | $647.2M | $1.4B | ||
| Q4 24 | $616.8M | $1.6B | ||
| Q3 24 | $658.0M | $1.4B | ||
| Q2 24 | $661.5M | $1.2B |
净利润MODSNAP
| Q1 26 | — | $-89.0M | ||
| Q4 25 | $-47.4M | $45.2M | ||
| Q3 25 | $44.4M | $-103.5M | ||
| Q2 25 | $51.2M | $-262.6M | ||
| Q1 25 | $49.6M | $-139.6M | ||
| Q4 24 | $41.0M | $9.1M | ||
| Q3 24 | $46.1M | $-153.2M | ||
| Q2 24 | $47.3M | $-248.6M |
毛利率MODSNAP
| Q1 26 | — | 56.5% | ||
| Q4 25 | 23.1% | 59.1% | ||
| Q3 25 | 22.3% | 55.3% | ||
| Q2 25 | 24.2% | 51.4% | ||
| Q1 25 | 25.6% | 53.1% | ||
| Q4 24 | 24.3% | 56.9% | ||
| Q3 24 | 25.2% | 53.5% | ||
| Q2 24 | 24.6% | 52.4% |
营业利润率MODSNAP
| Q1 26 | — | -4.9% | ||
| Q4 25 | 11.1% | 2.9% | ||
| Q3 25 | 9.9% | -8.5% | ||
| Q2 25 | 11.1% | -19.3% | ||
| Q1 25 | 11.5% | -14.2% | ||
| Q4 24 | 9.6% | -1.7% | ||
| Q3 24 | 11.4% | -12.6% | ||
| Q2 24 | 11.2% | -20.5% |
净利率MODSNAP
| Q1 26 | — | -5.8% | ||
| Q4 25 | -5.9% | 2.6% | ||
| Q3 25 | 6.0% | -6.9% | ||
| Q2 25 | 7.5% | -19.5% | ||
| Q1 25 | 7.7% | -10.2% | ||
| Q4 24 | 6.6% | 0.6% | ||
| Q3 24 | 7.0% | -11.2% | ||
| Q2 24 | 7.2% | -20.1% |
每股收益（稀释后）MODSNAP
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $-0.90 | $0.03 | ||
| Q3 25 | $0.83 | $-0.06 | ||
| Q2 25 | $0.95 | $-0.16 | ||
| Q1 25 | $0.92 | $-0.08 | ||
| Q4 24 | $0.76 | $0.01 | ||
| Q3 24 | $0.86 | $-0.09 | ||
| Q2 24 | $0.88 | $-0.15 |
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 | $1.1B |
| 总债务越低越好 | $570.7M | — |
| 股东权益账面价值 | $1.1B | $2.1B |
| 总资产 | $2.5B | $7.5B |
| 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MODSNAP
| Q1 26 | — | $1.1B | ||
| Q4 25 | $98.7M | $2.9B | ||
| Q3 25 | $83.8M | $3.0B | ||
| Q2 25 | $124.5M | $2.9B | ||
| Q1 25 | $71.6M | $3.2B | ||
| Q4 24 | $83.8M | $3.4B | ||
| Q3 24 | $78.6M | $3.2B | ||
| Q2 24 | $72.9M | $3.1B |
总债务MODSNAP
| Q1 26 | — | — | ||
| Q4 25 | $570.7M | $3.5B | ||
| Q3 25 | $525.8M | $3.5B | ||
| Q2 25 | $482.1M | $3.6B | ||
| Q1 25 | $296.7M | $3.6B | ||
| Q4 24 | $330.0M | $3.6B | ||
| Q3 24 | $359.1M | $3.6B | ||
| Q2 24 | $405.7M | $3.6B |
股东权益MODSNAP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.1B | $2.3B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $910.2M | $2.3B | ||
| Q4 24 | $855.1M | $2.5B | ||
| Q3 24 | $858.8M | $2.2B | ||
| Q2 24 | $788.4M | $2.1B |
总资产MODSNAP
| Q1 26 | — | $7.5B | ||
| Q4 25 | $2.5B | $7.7B | ||
| Q3 25 | $2.4B | $7.6B | ||
| Q2 25 | $2.2B | $7.4B | ||
| Q1 25 | $1.9B | $7.6B | ||
| Q4 24 | $1.8B | $7.9B | ||
| Q3 24 | $1.9B | $7.6B | ||
| Q2 24 | $1.9B | $7.4B |
负债/权益比MODSNAP
| Q1 26 | — | — | ||
| Q4 25 | 0.51× | 1.55× | ||
| Q3 25 | 0.50× | 1.59× | ||
| Q2 25 | 0.48× | 1.73× | ||
| Q1 25 | 0.33× | 1.56× | ||
| Q4 24 | 0.39× | 1.49× | ||
| Q3 24 | 0.42× | 1.65× | ||
| Q2 24 | 0.51× | 1.76× |
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 | $326.8M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $286.0M |
| 自由现金流率自由现金流/营收 | -2.1% | 18.7% |
| 资本支出强度资本支出/营收 | 5.2% | — |
| 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 | $-20.3M | $608.8M |
8季度趋势，按日历期对齐
经营现金流MODSNAP
| Q1 26 | — | $326.8M | ||
| Q4 25 | $24.7M | $269.6M | ||
| Q3 25 | $1.4M | $146.5M | ||
| Q2 25 | $27.7M | $88.5M | ||
| Q1 25 | $54.8M | $151.6M | ||
| Q4 24 | $60.7M | $230.6M | ||
| Q3 24 | $57.3M | $115.9M | ||
| Q2 24 | $40.5M | $-21.4M |
自由现金流MODSNAP
| Q1 26 | — | $286.0M | ||
| Q4 25 | $-17.1M | $205.6M | ||
| Q3 25 | $-30.5M | $93.4M | ||
| Q2 25 | $200.0K | $23.8M | ||
| Q1 25 | $27.1M | $114.4M | ||
| Q4 24 | $44.7M | $182.4M | ||
| Q3 24 | $43.8M | $71.8M | ||
| Q2 24 | $13.7M | $-73.4M |
自由现金流率MODSNAP
| Q1 26 | — | 18.7% | ||
| Q4 25 | -2.1% | 12.0% | ||
| Q3 25 | -4.1% | 6.2% | ||
| Q2 25 | 0.0% | 1.8% | ||
| Q1 25 | 4.2% | 8.4% | ||
| Q4 24 | 7.2% | 11.7% | ||
| Q3 24 | 6.7% | 5.2% | ||
| Q2 24 | 2.1% | -5.9% |
资本支出强度MODSNAP
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 3.7% | ||
| Q3 25 | 4.3% | 3.5% | ||
| Q2 25 | 4.0% | 4.8% | ||
| Q1 25 | 4.3% | 2.7% | ||
| Q4 24 | 2.6% | 3.1% | ||
| Q3 24 | 2.1% | 3.2% | ||
| Q2 24 | 4.1% | 4.2% |
现金转化率MODSNAP
| Q1 26 | — | — | ||
| Q4 25 | — | 5.96× | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.48× | 25.34× | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | — |
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% |
SNAP
暂无分部数据
