vs
美盛公司（MOS）与EchoStar CORP（SATS）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是美盛公司的1.3倍（$3.8B vs $3.0B），美盛公司净利率更高（-17.5% vs -31.8%，领先14.3%），美盛公司同比增速更快（5.6% vs -4.3%），美盛公司自由现金流更多（$-405.7M vs $-583.4M），过去两年美盛公司的营收复合增速更高（5.3% vs -2.8%）
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。
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
MOS vs SATS — 直观对比
营收规模更大
SATS
是对方的1.3倍
$3.0B
营收增速更快
MOS
高出9.9%
-4.3%
净利率更高
MOS
高出14.3%
-31.8%
自由现金流更多
MOS
多$177.7M
$-583.4M
两年增速更快
MOS
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $3.8B |
| 净利润 | $-519.5M | $-1.2B |
| 毛利率 | 11.5% | — |
| 营业利润率 | -3.4% | -20.5% |
| 净利率 | -17.5% | -31.8% |
| 营收同比 | 5.6% | -4.3% |
| 净利润同比 | -407.4% | -460.1% |
| 每股收益（稀释后） | $-1.63 | $-4.27 |
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MOSSATS
| Q4 25 | $3.0B | $3.8B | ||
| Q3 25 | $3.5B | $3.6B | ||
| Q2 25 | $3.0B | $3.7B | ||
| Q1 25 | $2.6B | $3.9B | ||
| Q4 24 | $2.8B | $4.0B | ||
| Q3 24 | $2.8B | $3.9B | ||
| Q2 24 | $2.8B | $4.0B | ||
| Q1 24 | $2.7B | $4.0B |
净利润MOSSATS
| Q4 25 | $-519.5M | $-1.2B | ||
| Q3 25 | $411.4M | $-12.8B | ||
| Q2 25 | $410.7M | $-306.1M | ||
| Q1 25 | $238.1M | $-202.7M | ||
| Q4 24 | $169.0M | $335.2M | ||
| Q3 24 | $122.2M | $-141.8M | ||
| Q2 24 | $-161.5M | $-205.6M | ||
| Q1 24 | $45.2M | $-107.4M |
毛利率MOSSATS
| Q4 25 | 11.5% | — | ||
| Q3 25 | 16.0% | — | ||
| Q2 25 | 17.3% | — | ||
| Q1 25 | 18.6% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 14.9% | — |
营业利润率MOSSATS
| Q4 25 | -3.4% | -20.5% | ||
| Q3 25 | 9.8% | -460.5% | ||
| Q2 25 | 8.1% | -5.7% | ||
| Q1 25 | 12.9% | -2.3% | ||
| Q4 24 | 3.5% | -1.6% | ||
| Q3 24 | 4.1% | -4.1% | ||
| Q2 24 | 8.3% | -1.7% | ||
| Q1 24 | 6.5% | -0.4% |
净利率MOSSATS
| Q4 25 | -17.5% | -31.8% | ||
| Q3 25 | 11.9% | -353.6% | ||
| Q2 25 | 13.7% | -8.2% | ||
| Q1 25 | 9.1% | -5.2% | ||
| Q4 24 | 6.0% | 8.5% | ||
| Q3 24 | 4.3% | -3.6% | ||
| Q2 24 | -5.7% | -5.2% | ||
| Q1 24 | 1.7% | -2.7% |
每股收益（稀释后）MOSSATS
| Q4 25 | $-1.63 | $-4.27 | ||
| Q3 25 | $1.29 | $-44.37 | ||
| Q2 25 | $1.29 | $-1.06 | ||
| Q1 25 | $0.75 | $-0.71 | ||
| Q4 24 | $0.53 | $1.24 | ||
| Q3 24 | $0.38 | $-0.52 | ||
| Q2 24 | $-0.50 | $-0.76 | ||
| Q1 24 | $0.14 | $-0.40 |
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 | $3.0B |
| 总债务越低越好 | $4.3B | $18.7B |
| 股东权益账面价值 | $12.1B | $5.8B |
| 总资产 | $24.5B | $43.0B |
| 负债/权益比越低杠杆越低 | 0.35× | 3.24× |
8季度趋势，按日历期对齐
现金及短期投资MOSSATS
| Q4 25 | $276.6M | $3.0B | ||
| Q3 25 | $153.3M | $3.9B | ||
| Q2 25 | $286.2M | $4.3B | ||
| Q1 25 | $259.2M | $5.1B | ||
| Q4 24 | $272.8M | $5.5B | ||
| Q3 24 | $301.6M | $674.4M | ||
| Q2 24 | $322.0M | $520.6M | ||
| Q1 24 | $336.7M | $766.4M |
总债务MOSSATS
| Q4 25 | $4.3B | $18.7B | ||
| Q3 25 | $3.4B | $21.8B | ||
| Q2 25 | $3.3B | $25.4B | ||
| Q1 25 | $3.3B | $25.3B | ||
| Q4 24 | $3.3B | $25.7B | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.2B | $951.0M |
股东权益MOSSATS
| Q4 25 | $12.1B | $5.8B | ||
| Q3 25 | $12.8B | $7.0B | ||
| Q2 25 | $12.4B | $19.7B | ||
| Q1 25 | $11.8B | $20.0B | ||
| Q4 24 | $11.5B | $20.2B | ||
| Q3 24 | $11.8B | $19.4B | ||
| Q2 24 | $11.7B | $19.6B | ||
| Q1 24 | $12.0B | $19.8B |
总资产MOSSATS
| Q4 25 | $24.5B | $43.0B | ||
| Q3 25 | $24.7B | $45.3B | ||
| Q2 25 | $24.3B | $59.9B | ||
| Q1 25 | $23.2B | $60.6B | ||
| Q4 24 | $22.9B | $60.9B | ||
| Q3 24 | $23.3B | $57.5B | ||
| Q2 24 | $22.6B | $55.3B | ||
| Q1 24 | $22.9B | $55.6B |
负债/权益比MOSSATS
| Q4 25 | 0.35× | 3.24× | ||
| Q3 25 | 0.26× | 3.13× | ||
| Q2 25 | 0.27× | 1.29× | ||
| Q1 25 | 0.28× | 1.27× | ||
| Q4 24 | 0.29× | 1.27× | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.27× | 0.05× |
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 | $-425.3M |
| 自由现金流经营现金流 - 资本支出 | $-405.7M | $-583.4M |
| 自由现金流率自由现金流/营收 | -13.6% | -15.4% |
| 资本支出强度资本支出/营收 | 11.8% | 4.2% |
| 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 | $-534.6M | $-1.1B |
8季度趋势，按日历期对齐
经营现金流MOSSATS
| Q4 25 | $-56.1M | $-425.3M | ||
| Q3 25 | $228.5M | $111.7M | ||
| Q2 25 | $609.5M | $7.5M | ||
| Q1 25 | $42.9M | $206.8M | ||
| Q4 24 | $219.3M | $45.6M | ||
| Q3 24 | $312.9M | $276.2M | ||
| Q2 24 | $847.0M | $479.7M | ||
| Q1 24 | $-80.0M | $451.3M |
自由现金流MOSSATS
| Q4 25 | $-405.7M | $-583.4M | ||
| Q3 25 | $-135.9M | $-144.4M | ||
| Q2 25 | $304.9M | $-285.7M | ||
| Q1 25 | $-297.9M | $-51.7M | ||
| Q4 24 | $-74.8M | $-298.7M | ||
| Q3 24 | $72.1M | $-57.5M | ||
| Q2 24 | $513.1M | $132.4M | ||
| Q1 24 | $-463.0M | $-68.4M |
自由现金流率MOSSATS
| Q4 25 | -13.6% | -15.4% | ||
| Q3 25 | -3.9% | -4.0% | ||
| Q2 25 | 10.1% | -7.7% | ||
| Q1 25 | -11.4% | -1.3% | ||
| Q4 24 | -2.7% | -7.5% | ||
| Q3 24 | 2.6% | -1.5% | ||
| Q2 24 | 18.2% | 3.3% | ||
| Q1 24 | -17.3% | -1.7% |
资本支出强度MOSSATS
| Q4 25 | 11.8% | 4.2% | ||
| Q3 25 | 10.6% | 7.1% | ||
| Q2 25 | 10.1% | 7.9% | ||
| Q1 25 | 13.0% | 6.7% | ||
| Q4 24 | 10.4% | 8.7% | ||
| Q3 24 | 8.6% | 8.6% | ||
| Q2 24 | 11.9% | 8.8% | ||
| Q1 24 | 14.3% | 12.9% |
现金转化率MOSSATS
| Q4 25 | — | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 1.30× | 0.14× | ||
| Q3 24 | 2.56× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -1.77× | — |
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
MOS
暂无分部数据
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
