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美盛公司（MOS）与Ulta Beauty（ULTA）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Ulta Beauty的1.0倍（$3.0B vs $2.9B），Ulta Beauty净利率更高（8.1% vs -17.5%，领先25.5%），Ulta Beauty同比增速更快（12.9% vs 5.6%），Ulta Beauty自由现金流更多（$-81.6M vs $-405.7M），过去两年Ulta Beauty的营收复合增速更高（7.2% 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。
Ulta Beauty是美国头部美妆连锁品牌，总部位于伊利诺伊州博林布鲁克，旗下门店在售商品覆盖高低端彩妆、香水、美甲、身体护理、美发产品及美妆工具等全品类美妆个护产品，每家门店均配备对外开放的美容沙龙，为消费者提供一站式美妆消费及服务体验。
MOS vs ULTA — 直观对比
营收规模更大
MOS
是对方的1.0倍
$2.9B
营收增速更快
ULTA
高出7.3%
5.6%
净利率更高
ULTA
高出25.5%
-17.5%
自由现金流更多
ULTA
多$324.1M
$-405.7M
两年增速更快
ULTA
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $2.9B |
| 净利润 | $-519.5M | $230.9M |
| 毛利率 | 11.5% | 40.4% |
| 营业利润率 | -3.4% | 10.8% |
| 净利率 | -17.5% | 8.1% |
| 营收同比 | 5.6% | 12.9% |
| 净利润同比 | -407.4% | -4.7% |
| 每股收益（稀释后） | $-1.63 | $5.14 |
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MOSULTA
| Q4 25 | $3.0B | $2.9B | ||
| Q3 25 | $3.5B | $2.8B | ||
| Q2 25 | $3.0B | $2.8B | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.8B | $2.5B | ||
| Q3 24 | $2.8B | $2.6B | ||
| Q2 24 | $2.8B | $2.7B | ||
| Q1 24 | $2.7B | $3.6B |
净利润MOSULTA
| Q4 25 | $-519.5M | $230.9M | ||
| Q3 25 | $411.4M | $260.9M | ||
| Q2 25 | $410.7M | $305.1M | ||
| Q1 25 | $238.1M | — | ||
| Q4 24 | $169.0M | $242.2M | ||
| Q3 24 | $122.2M | $252.6M | ||
| Q2 24 | $-161.5M | $313.1M | ||
| Q1 24 | $45.2M | $394.4M |
毛利率MOSULTA
| Q4 25 | 11.5% | 40.4% | ||
| Q3 25 | 16.0% | 39.2% | ||
| Q2 25 | 17.3% | 39.1% | ||
| Q1 25 | 18.6% | — | ||
| Q4 24 | 10.7% | 39.7% | ||
| Q3 24 | 14.8% | 38.3% | ||
| Q2 24 | 14.0% | 39.2% | ||
| Q1 24 | 14.9% | 37.7% |
营业利润率MOSULTA
| Q4 25 | -3.4% | 10.8% | ||
| Q3 25 | 9.8% | 12.4% | ||
| Q2 25 | 8.1% | 14.1% | ||
| Q1 25 | 12.9% | — | ||
| Q4 24 | 3.5% | 12.6% | ||
| Q3 24 | 4.1% | 12.9% | ||
| Q2 24 | 8.3% | 14.7% | ||
| Q1 24 | 6.5% | 14.5% |
净利率MOSULTA
| Q4 25 | -17.5% | 8.1% | ||
| Q3 25 | 11.9% | 9.4% | ||
| Q2 25 | 13.7% | 10.7% | ||
| Q1 25 | 9.1% | — | ||
| Q4 24 | 6.0% | 9.6% | ||
| Q3 24 | 4.3% | 9.9% | ||
| Q2 24 | -5.7% | 11.5% | ||
| Q1 24 | 1.7% | 11.1% |
每股收益（稀释后）MOSULTA
| Q4 25 | $-1.63 | $5.14 | ||
| Q3 25 | $1.29 | $5.78 | ||
| Q2 25 | $1.29 | $6.70 | ||
| Q1 25 | $0.75 | — | ||
| Q4 24 | $0.53 | $5.14 | ||
| Q3 24 | $0.38 | $5.30 | ||
| Q2 24 | $-0.50 | $6.47 | ||
| Q1 24 | $0.14 | $8.06 |
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 | $204.9M |
| 总债务越低越好 | $4.3B | — |
| 股东权益账面价值 | $12.1B | $2.6B |
| 总资产 | $24.5B | $7.0B |
| 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MOSULTA
| Q4 25 | $276.6M | $204.9M | ||
| Q3 25 | $153.3M | $242.7M | ||
| Q2 25 | $286.2M | $454.6M | ||
| Q1 25 | $259.2M | — | ||
| Q4 24 | $272.8M | $177.8M | ||
| Q3 24 | $301.6M | $414.0M | ||
| Q2 24 | $322.0M | $524.6M | ||
| Q1 24 | $336.7M | $766.6M |
总债务MOSULTA
| Q4 25 | $4.3B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.2B | — |
股东权益MOSULTA
| Q4 25 | $12.1B | $2.6B | ||
| Q3 25 | $12.8B | $2.6B | ||
| Q2 25 | $12.4B | $2.4B | ||
| Q1 25 | $11.8B | — | ||
| Q4 24 | $11.5B | $2.3B | ||
| Q3 24 | $11.8B | $2.3B | ||
| Q2 24 | $11.7B | $2.3B | ||
| Q1 24 | $12.0B | $2.3B |
总资产MOSULTA
| Q4 25 | $24.5B | $7.0B | ||
| Q3 25 | $24.7B | $6.6B | ||
| Q2 25 | $24.3B | $6.0B | ||
| Q1 25 | $23.2B | — | ||
| Q4 24 | $22.9B | $6.0B | ||
| Q3 24 | $23.3B | $5.7B | ||
| Q2 24 | $22.6B | $5.6B | ||
| Q1 24 | $22.9B | $5.7B |
负债/权益比MOSULTA
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.27× | — |
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 | $5.6M |
| 自由现金流经营现金流 - 资本支出 | $-405.7M | $-81.6M |
| 自由现金流率自由现金流/营收 | -13.6% | -2.9% |
| 资本支出强度资本支出/营收 | 11.8% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 0.02× |
| 过去12个月自由现金流最近4个季度 | $-534.6M | $-92.2M |
8季度趋势，按日历期对齐
经营现金流MOSULTA
| Q4 25 | $-56.1M | $5.6M | ||
| Q3 25 | $228.5M | $96.5M | ||
| Q2 25 | $609.5M | $220.0M | ||
| Q1 25 | $42.9M | — | ||
| Q4 24 | $219.3M | $-56.8M | ||
| Q3 24 | $312.9M | $199.5M | ||
| Q2 24 | $847.0M | $159.3M | ||
| Q1 24 | $-80.0M | $1.1B |
自由现金流MOSULTA
| Q4 25 | $-405.7M | $-81.6M | ||
| Q3 25 | $-135.9M | $19.6M | ||
| Q2 25 | $304.9M | $141.0M | ||
| Q1 25 | $-297.9M | — | ||
| Q4 24 | $-74.8M | $-171.1M | ||
| Q3 24 | $72.1M | $104.3M | ||
| Q2 24 | $513.1M | $68.3M | ||
| Q1 24 | $-463.0M | $994.0M |
自由现金流率MOSULTA
| Q4 25 | -13.6% | -2.9% | ||
| Q3 25 | -3.9% | 0.7% | ||
| Q2 25 | 10.1% | 4.9% | ||
| Q1 25 | -11.4% | — | ||
| Q4 24 | -2.7% | -6.8% | ||
| Q3 24 | 2.6% | 4.1% | ||
| Q2 24 | 18.2% | 2.5% | ||
| Q1 24 | -17.3% | 28.0% |
资本支出强度MOSULTA
| Q4 25 | 11.8% | 3.1% | ||
| Q3 25 | 10.6% | 2.8% | ||
| Q2 25 | 10.1% | 2.8% | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 10.4% | 4.5% | ||
| Q3 24 | 8.6% | 3.7% | ||
| Q2 24 | 11.9% | 3.3% | ||
| Q1 24 | 14.3% | 3.5% |
现金转化率MOSULTA
| Q4 25 | — | 0.02× | ||
| Q3 25 | 0.56× | 0.37× | ||
| Q2 25 | 1.48× | 0.72× | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 1.30× | -0.23× | ||
| Q3 24 | 2.56× | 0.79× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | -1.77× | 2.84× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
