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美盛公司（MOS）与Snap Inc（SNAP）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Snap Inc的1.9倍（$3.0B vs $1.5B），Snap Inc净利率更高（-5.8% vs -17.5%，领先11.7%），Snap Inc同比增速更快（12.1% vs 5.6%），Snap Inc自由现金流更多（$286.0M vs $-405.7M），过去两年Snap Inc的营收复合增速更高（11.2% vs 5.3%）
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。
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。
MOS vs SNAP — 直观对比
营收规模更大
MOS
是对方的1.9倍
$1.5B
营收增速更快
SNAP
高出6.5%
5.6%
净利率更高
SNAP
高出11.7%
-17.5%
自由现金流更多
SNAP
多$691.7M
$-405.7M
两年增速更快
SNAP
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $1.5B |
| 净利润 | $-519.5M | $-89.0M |
| 毛利率 | 11.5% | 56.5% |
| 营业利润率 | -3.4% | -4.9% |
| 净利率 | -17.5% | -5.8% |
| 营收同比 | 5.6% | 12.1% |
| 净利润同比 | -407.4% | 36.3% |
| 每股收益（稀释后） | $-1.63 | $-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MOSSNAP
| Q1 26 | — | $1.5B | ||
| Q4 25 | $3.0B | $1.7B | ||
| Q3 25 | $3.5B | $1.5B | ||
| Q2 25 | $3.0B | $1.3B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.8B | $1.6B | ||
| Q3 24 | $2.8B | $1.4B | ||
| Q2 24 | $2.8B | $1.2B |
净利润MOSSNAP
| Q1 26 | — | $-89.0M | ||
| Q4 25 | $-519.5M | $45.2M | ||
| Q3 25 | $411.4M | $-103.5M | ||
| Q2 25 | $410.7M | $-262.6M | ||
| Q1 25 | $238.1M | $-139.6M | ||
| Q4 24 | $169.0M | $9.1M | ||
| Q3 24 | $122.2M | $-153.2M | ||
| Q2 24 | $-161.5M | $-248.6M |
毛利率MOSSNAP
| Q1 26 | — | 56.5% | ||
| Q4 25 | 11.5% | 59.1% | ||
| Q3 25 | 16.0% | 55.3% | ||
| Q2 25 | 17.3% | 51.4% | ||
| Q1 25 | 18.6% | 53.1% | ||
| Q4 24 | 10.7% | 56.9% | ||
| Q3 24 | 14.8% | 53.5% | ||
| Q2 24 | 14.0% | 52.4% |
营业利润率MOSSNAP
| Q1 26 | — | -4.9% | ||
| Q4 25 | -3.4% | 2.9% | ||
| Q3 25 | 9.8% | -8.5% | ||
| Q2 25 | 8.1% | -19.3% | ||
| Q1 25 | 12.9% | -14.2% | ||
| Q4 24 | 3.5% | -1.7% | ||
| Q3 24 | 4.1% | -12.6% | ||
| Q2 24 | 8.3% | -20.5% |
净利率MOSSNAP
| Q1 26 | — | -5.8% | ||
| Q4 25 | -17.5% | 2.6% | ||
| Q3 25 | 11.9% | -6.9% | ||
| Q2 25 | 13.7% | -19.5% | ||
| Q1 25 | 9.1% | -10.2% | ||
| Q4 24 | 6.0% | 0.6% | ||
| Q3 24 | 4.3% | -11.2% | ||
| Q2 24 | -5.7% | -20.1% |
每股收益（稀释后）MOSSNAP
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $-1.63 | $0.03 | ||
| Q3 25 | $1.29 | $-0.06 | ||
| Q2 25 | $1.29 | $-0.16 | ||
| Q1 25 | $0.75 | $-0.08 | ||
| Q4 24 | $0.53 | $0.01 | ||
| Q3 24 | $0.38 | $-0.09 | ||
| Q2 24 | $-0.50 | $-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 | $276.6M | $1.1B |
| 总债务越低越好 | $4.3B | — |
| 股东权益账面价值 | $12.1B | $2.1B |
| 总资产 | $24.5B | $7.5B |
| 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MOSSNAP
| Q1 26 | — | $1.1B | ||
| Q4 25 | $276.6M | $2.9B | ||
| Q3 25 | $153.3M | $3.0B | ||
| Q2 25 | $286.2M | $2.9B | ||
| Q1 25 | $259.2M | $3.2B | ||
| Q4 24 | $272.8M | $3.4B | ||
| Q3 24 | $301.6M | $3.2B | ||
| Q2 24 | $322.0M | $3.1B |
总债务MOSSNAP
| Q1 26 | — | — | ||
| Q4 25 | $4.3B | $3.5B | ||
| Q3 25 | $3.4B | $3.5B | ||
| Q2 25 | $3.3B | $3.6B | ||
| Q1 25 | $3.3B | $3.6B | ||
| Q4 24 | $3.3B | $3.6B | ||
| Q3 24 | $3.2B | $3.6B | ||
| Q2 24 | $3.2B | $3.6B |
股东权益MOSSNAP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $12.1B | $2.3B | ||
| Q3 25 | $12.8B | $2.2B | ||
| Q2 25 | $12.4B | $2.1B | ||
| Q1 25 | $11.8B | $2.3B | ||
| Q4 24 | $11.5B | $2.5B | ||
| Q3 24 | $11.8B | $2.2B | ||
| Q2 24 | $11.7B | $2.1B |
总资产MOSSNAP
| Q1 26 | — | $7.5B | ||
| Q4 25 | $24.5B | $7.7B | ||
| Q3 25 | $24.7B | $7.6B | ||
| Q2 25 | $24.3B | $7.4B | ||
| Q1 25 | $23.2B | $7.6B | ||
| Q4 24 | $22.9B | $7.9B | ||
| Q3 24 | $23.3B | $7.6B | ||
| Q2 24 | $22.6B | $7.4B |
负债/权益比MOSSNAP
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | 1.55× | ||
| Q3 25 | 0.26× | 1.59× | ||
| Q2 25 | 0.27× | 1.73× | ||
| Q1 25 | 0.28× | 1.56× | ||
| Q4 24 | 0.29× | 1.49× | ||
| Q3 24 | 0.27× | 1.65× | ||
| Q2 24 | 0.27× | 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 | $-56.1M | $326.8M |
| 自由现金流经营现金流 - 资本支出 | $-405.7M | $286.0M |
| 自由现金流率自由现金流/营收 | -13.6% | 18.7% |
| 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 | $608.8M |
8季度趋势，按日历期对齐
经营现金流MOSSNAP
| Q1 26 | — | $326.8M | ||
| Q4 25 | $-56.1M | $269.6M | ||
| Q3 25 | $228.5M | $146.5M | ||
| Q2 25 | $609.5M | $88.5M | ||
| Q1 25 | $42.9M | $151.6M | ||
| Q4 24 | $219.3M | $230.6M | ||
| Q3 24 | $312.9M | $115.9M | ||
| Q2 24 | $847.0M | $-21.4M |
自由现金流MOSSNAP
| Q1 26 | — | $286.0M | ||
| Q4 25 | $-405.7M | $205.6M | ||
| Q3 25 | $-135.9M | $93.4M | ||
| Q2 25 | $304.9M | $23.8M | ||
| Q1 25 | $-297.9M | $114.4M | ||
| Q4 24 | $-74.8M | $182.4M | ||
| Q3 24 | $72.1M | $71.8M | ||
| Q2 24 | $513.1M | $-73.4M |
自由现金流率MOSSNAP
| Q1 26 | — | 18.7% | ||
| Q4 25 | -13.6% | 12.0% | ||
| Q3 25 | -3.9% | 6.2% | ||
| Q2 25 | 10.1% | 1.8% | ||
| Q1 25 | -11.4% | 8.4% | ||
| Q4 24 | -2.7% | 11.7% | ||
| Q3 24 | 2.6% | 5.2% | ||
| Q2 24 | 18.2% | -5.9% |
资本支出强度MOSSNAP
| Q1 26 | — | — | ||
| Q4 25 | 11.8% | 3.7% | ||
| Q3 25 | 10.6% | 3.5% | ||
| Q2 25 | 10.1% | 4.8% | ||
| Q1 25 | 13.0% | 2.7% | ||
| Q4 24 | 10.4% | 3.1% | ||
| Q3 24 | 8.6% | 3.2% | ||
| Q2 24 | 11.9% | 4.2% |
现金转化率MOSSNAP
| Q1 26 | — | — | ||
| Q4 25 | — | 5.96× | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 1.30× | 25.34× | ||
| Q3 24 | 2.56× | — | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
