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美盛公司（MOS）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
美盛公司的季度营收约是北极星的1.8倍（$3.0B vs $1.7B），北极星净利率更高（-2.8% vs -17.5%，领先14.6%），北极星同比增速更快（8.0% vs 5.6%），北极星自由现金流更多（$-342.5M vs $-405.7M），过去两年美盛公司的营收复合增速更高（5.3% vs -8.0%）
美盛公司（The Mosaic Company）是总部位于美国佛罗里达州坦帕的化工企业，主营磷矿、钾矿开采及尿素采集，依托多元国际分销网络和旗下肥料业务板块生产销售农用肥料，是美国规模最大的钾肥、磷肥生产商。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
MOS vs PII — 直观对比
营收规模更大
MOS
是对方的1.8倍
$1.7B
营收增速更快
PII
高出2.4%
5.6%
净利率更高
PII
高出14.6%
-17.5%
自由现金流更多
PII
多$63.2M
$-405.7M
两年增速更快
MOS
近两年复合增速
-8.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $1.7B |
| 净利润 | $-519.5M | $-47.2M |
| 毛利率 | 11.5% | 20.2% |
| 营业利润率 | -3.4% | 76.5% |
| 净利率 | -17.5% | -2.8% |
| 营收同比 | 5.6% | 8.0% |
| 净利润同比 | -407.4% | 29.0% |
| 每股收益（稀释后） | $-1.63 | $-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MOSPII
| Q1 26 | — | $1.7B | ||
| Q4 25 | $3.0B | $1.9B | ||
| Q3 25 | $3.5B | $1.8B | ||
| Q2 25 | $3.0B | $1.9B | ||
| Q1 25 | $2.6B | $1.5B | ||
| Q4 24 | $2.8B | $1.8B | ||
| Q3 24 | $2.8B | $1.7B | ||
| Q2 24 | $2.8B | $2.0B |
净利润MOSPII
| Q1 26 | — | $-47.2M | ||
| Q4 25 | $-519.5M | $-303.6M | ||
| Q3 25 | $411.4M | $-15.8M | ||
| Q2 25 | $410.7M | $-79.3M | ||
| Q1 25 | $238.1M | $-66.8M | ||
| Q4 24 | $169.0M | $10.6M | ||
| Q3 24 | $122.2M | $27.7M | ||
| Q2 24 | $-161.5M | $68.7M |
毛利率MOSPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | 11.5% | 20.0% | ||
| Q3 25 | 16.0% | 20.7% | ||
| Q2 25 | 17.3% | 19.4% | ||
| Q1 25 | 18.6% | 16.0% | ||
| Q4 24 | 10.7% | 20.4% | ||
| Q3 24 | 14.8% | 20.6% | ||
| Q2 24 | 14.0% | 21.6% |
营业利润率MOSPII
| Q1 26 | — | 76.5% | ||
| Q4 25 | -3.4% | -16.7% | ||
| Q3 25 | 9.8% | 1.1% | ||
| Q2 25 | 8.1% | -0.7% | ||
| Q1 25 | 12.9% | -2.4% | ||
| Q4 24 | 3.5% | 3.7% | ||
| Q3 24 | 4.1% | 3.8% | ||
| Q2 24 | 8.3% | 6.1% |
净利率MOSPII
| Q1 26 | — | -2.8% | ||
| Q4 25 | -17.5% | -15.8% | ||
| Q3 25 | 11.9% | -0.9% | ||
| Q2 25 | 13.7% | -4.3% | ||
| Q1 25 | 9.1% | -4.3% | ||
| Q4 24 | 6.0% | 0.6% | ||
| Q3 24 | 4.3% | 1.6% | ||
| Q2 24 | -5.7% | 3.5% |
每股收益（稀释后）MOSPII
| Q1 26 | — | $-0.83 | ||
| Q4 25 | $-1.63 | $-5.34 | ||
| Q3 25 | $1.29 | $-0.28 | ||
| Q2 25 | $1.29 | $-1.39 | ||
| Q1 25 | $0.75 | $-1.17 | ||
| Q4 24 | $0.53 | $0.18 | ||
| Q3 24 | $0.38 | $0.49 | ||
| Q2 24 | $-0.50 | $1.21 |
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 | $276.6M | $282.0M |
| 总债务越低越好 | $4.3B | — |
| 股东权益账面价值 | $12.1B | $750.4M |
| 总资产 | $24.5B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资MOSPII
| Q1 26 | — | $282.0M | ||
| Q4 25 | $276.6M | $138.0M | ||
| Q3 25 | $153.3M | $335.5M | ||
| Q2 25 | $286.2M | $324.3M | ||
| Q1 25 | $259.2M | $291.7M | ||
| Q4 24 | $272.8M | $287.8M | ||
| Q3 24 | $301.6M | $291.3M | ||
| Q2 24 | $322.0M | $322.7M |
总债务MOSPII
| Q1 26 | — | — | ||
| Q4 25 | $4.3B | $1.5B | ||
| Q3 25 | $3.4B | $1.3B | ||
| Q2 25 | $3.3B | $1.4B | ||
| Q1 25 | $3.3B | $1.6B | ||
| Q4 24 | $3.3B | $1.6B | ||
| Q3 24 | $3.2B | $1.7B | ||
| Q2 24 | $3.2B | $2.1B |
股东权益MOSPII
| Q1 26 | — | $750.4M | ||
| Q4 25 | $12.1B | $828.4M | ||
| Q3 25 | $12.8B | $1.1B | ||
| Q2 25 | $12.4B | $1.2B | ||
| Q1 25 | $11.8B | $1.2B | ||
| Q4 24 | $11.5B | $1.3B | ||
| Q3 24 | $11.8B | $1.3B | ||
| Q2 24 | $11.7B | $1.3B |
总资产MOSPII
| Q1 26 | — | $5.2B | ||
| Q4 25 | $24.5B | $4.9B | ||
| Q3 25 | $24.7B | $5.3B | ||
| Q2 25 | $24.3B | $5.4B | ||
| Q1 25 | $23.2B | $5.5B | ||
| Q4 24 | $22.9B | $5.5B | ||
| Q3 24 | $23.3B | $5.6B | ||
| Q2 24 | $22.6B | $5.7B |
负债/权益比MOSPII
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | 1.82× | ||
| Q3 25 | 0.26× | 1.13× | ||
| Q2 25 | 0.27× | 1.17× | ||
| Q1 25 | 0.28× | 1.32× | ||
| Q4 24 | 0.29× | 1.27× | ||
| Q3 24 | 0.27× | 1.29× | ||
| Q2 24 | 0.27× | 1.56× |
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 | $-56.1M | — |
| 自由现金流经营现金流 - 资本支出 | $-405.7M | $-342.5M |
| 自由现金流率自由现金流/营收 | -13.6% | -20.6% |
| 资本支出强度资本支出/营收 | 11.8% | — |
| 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 | $-534.6M | $168.0M |
8季度趋势，按日历期对齐
经营现金流MOSPII
| Q1 26 | — | — | ||
| Q4 25 | $-56.1M | $178.7M | ||
| Q3 25 | $228.5M | $158.8M | ||
| Q2 25 | $609.5M | $320.3M | ||
| Q1 25 | $42.9M | $83.2M | ||
| Q4 24 | $219.3M | $206.3M | ||
| Q3 24 | $312.9M | $21.0M | ||
| Q2 24 | $847.0M | $146.3M |
自由现金流MOSPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | $-405.7M | $114.0M | ||
| Q3 25 | $-135.9M | $116.7M | ||
| Q2 25 | $304.9M | $279.8M | ||
| Q1 25 | $-297.9M | $47.6M | ||
| Q4 24 | $-74.8M | $137.3M | ||
| Q3 24 | $72.1M | $-32.4M | ||
| Q2 24 | $513.1M | $79.1M |
自由现金流率MOSPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | -13.6% | 5.9% | ||
| Q3 25 | -3.9% | 6.3% | ||
| Q2 25 | 10.1% | 15.1% | ||
| Q1 25 | -11.4% | 3.1% | ||
| Q4 24 | -2.7% | 7.8% | ||
| Q3 24 | 2.6% | -1.9% | ||
| Q2 24 | 18.2% | 4.0% |
资本支出强度MOSPII
| Q1 26 | — | — | ||
| Q4 25 | 11.8% | 3.4% | ||
| Q3 25 | 10.6% | 2.3% | ||
| Q2 25 | 10.1% | 2.2% | ||
| Q1 25 | 13.0% | 2.3% | ||
| Q4 24 | 10.4% | 3.9% | ||
| Q3 24 | 8.6% | 3.1% | ||
| Q2 24 | 11.9% | 3.4% |
现金转化率MOSPII
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 1.30× | 19.46× | ||
| Q3 24 | 2.56× | 0.76× | ||
| Q2 24 | — | 2.13× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
