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M&T Bank（MTB）与凯旋（TFIN）财务数据对比。点击上方公司名可切换其他公司
M&T Bank的季度营收约是凯旋的1.0倍（$2.5B vs $2.4B），M&T Bank净利率更高（30.7% vs 0.3%，领先30.4%），M&T Bank同比增速更快（3.8% vs 2.6%），过去两年凯旋的营收复合增速更高（377.6% vs 4.6%）
M&T银行是总部位于美国纽约州布法罗的银行控股企业，业务覆盖美国东部从缅因州到弗吉尼亚州的12个州及华盛顿特区，运营超过950家线下网点。其控股主体1998年5月前名为第一帝国州公司，之后更为现名。
凯旋汽车公司是19至20世纪活跃于英国的汽车与发动机制造企业，品牌起源可追溯到1885年。来自纽伦堡的齐格弗里德·贝特曼在伦敦成立公司，最初从欧洲进口自行车以自有商标销售，次年商标正式定为“凯旋”，1889年开始自主生产自行车。
MTB vs TFIN — 直观对比
营收规模更大
MTB
是对方的1.0倍
$2.4B
营收增速更快
MTB
高出1.2%
2.6%
净利率更高
MTB
高出30.4%
0.3%
两年增速更快
TFIN
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $2.4B |
| 净利润 | $759.0M | $6.4M |
| 毛利率 | — | 86.1% |
| 营业利润率 | 39.2% | — |
| 净利率 | 30.7% | 0.3% |
| 营收同比 | 3.8% | 2.6% |
| 净利润同比 | 11.5% | -66.9% |
| 每股收益（稀释后） | $4.62 | $0.23 |
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MTBTFIN
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.5B | $120.1M | ||
| Q3 25 | $2.5B | $109.3M | ||
| Q2 25 | $2.4B | $108.1M | ||
| Q1 25 | $2.3B | $101.6M | ||
| Q4 24 | $2.4B | $103.6M | ||
| Q3 24 | $2.3B | $106.2M | ||
| Q2 24 | $2.3B | $105.1M |
净利润MTBTFIN
| Q1 26 | — | $6.4M | ||
| Q4 25 | $759.0M | — | ||
| Q3 25 | $792.0M | $1.7M | ||
| Q2 25 | $716.0M | $4.4M | ||
| Q1 25 | $584.0M | $17.0K | ||
| Q4 24 | $681.0M | $3.8M | ||
| Q3 24 | $721.0M | $5.3M | ||
| Q2 24 | $655.0M | $2.7M |
毛利率MTBTFIN
| Q1 26 | — | 86.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率MTBTFIN
| Q1 26 | — | — | ||
| Q4 25 | 39.2% | — | ||
| Q3 25 | 40.8% | 1.2% | ||
| Q2 25 | 39.0% | 7.3% | ||
| Q1 25 | 33.0% | 0.1% | ||
| Q4 24 | 37.0% | 5.6% | ||
| Q3 24 | 39.0% | 5.9% | ||
| Q2 24 | 37.1% | 3.4% |
净利率MTBTFIN
| Q1 26 | — | 0.3% | ||
| Q4 25 | 30.7% | — | ||
| Q3 25 | 31.5% | 1.6% | ||
| Q2 25 | 29.9% | 4.1% | ||
| Q1 25 | 25.3% | 0.0% | ||
| Q4 24 | 28.6% | 3.7% | ||
| Q3 24 | 30.9% | 5.0% | ||
| Q2 24 | 28.5% | 2.6% |
每股收益（稀释后）MTBTFIN
| Q1 26 | — | $0.23 | ||
| Q4 25 | $4.62 | — | ||
| Q3 25 | $4.82 | $0.04 | ||
| Q2 25 | $4.24 | $0.15 | ||
| Q1 25 | $3.32 | $-0.03 | ||
| Q4 24 | $3.87 | $0.13 | ||
| Q3 24 | $4.02 | $0.19 | ||
| Q2 24 | $3.73 | $0.08 |
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 | — | — |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $29.2B | $950.7M |
| 总资产 | $213.5B | $6.9B |
| 负债/权益比越低杠杆越低 | 0.37× | — |
8季度趋势，按日历期对齐
现金及短期投资MTBTFIN
| Q1 26 | — | — | ||
| Q4 25 | — | $248.5M | ||
| Q3 25 | — | $147.2M | ||
| Q2 25 | — | $282.3M | ||
| Q1 25 | — | $502.9M | ||
| Q4 24 | — | $330.1M | ||
| Q3 24 | — | $489.3M | ||
| Q2 24 | — | $500.7M |
总债务MTBTFIN
| Q1 26 | — | — | ||
| Q4 25 | $10.9B | — | ||
| Q3 25 | $12.9B | — | ||
| Q2 25 | $12.4B | — | ||
| Q1 25 | $10.5B | — | ||
| Q4 24 | $12.6B | — | ||
| Q3 24 | $11.6B | — | ||
| Q2 24 | $11.3B | — |
股东权益MTBTFIN
| Q1 26 | — | $950.7M | ||
| Q4 25 | $29.2B | $941.8M | ||
| Q3 25 | $28.7B | $919.3M | ||
| Q2 25 | $28.5B | $912.4M | ||
| Q1 25 | $29.0B | $893.9M | ||
| Q4 24 | $29.0B | $890.9M | ||
| Q3 24 | $28.9B | $885.8M | ||
| Q2 24 | $28.4B | $874.2M |
总资产MTBTFIN
| Q1 26 | — | $6.9B | ||
| Q4 25 | $213.5B | $6.4B | ||
| Q3 25 | $211.3B | $6.4B | ||
| Q2 25 | $211.6B | $6.5B | ||
| Q1 25 | $210.3B | $6.3B | ||
| Q4 24 | $208.1B | $5.9B | ||
| Q3 24 | $211.8B | $5.9B | ||
| Q2 24 | $208.9B | $5.8B |
负债/权益比MTBTFIN
| Q1 26 | — | — | ||
| Q4 25 | 0.37× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.40× | — |
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 | $3.0B | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 3.96× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MTBTFIN
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $67.1M | ||
| Q3 25 | $1.0B | $24.4M | ||
| Q2 25 | $844.0M | $9.8M | ||
| Q1 25 | $635.0M | $-3.6M | ||
| Q4 24 | $3.6B | $58.5M | ||
| Q3 24 | $-28.0M | $26.6M | ||
| Q2 24 | $1.4B | $21.9M |
自由现金流MTBTFIN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $22.4M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $-7.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $25.8M | ||
| Q2 24 | — | $-31.9M |
自由现金流率MTBTFIN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | -7.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.3% | ||
| Q2 24 | — | -30.3% |
资本支出强度MTBTFIN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 51.1% |
现金转化率MTBTFIN
| Q1 26 | — | — | ||
| Q4 25 | 3.96× | — | ||
| Q3 25 | 1.26× | 14.29× | ||
| Q2 25 | 1.18× | 2.22× | ||
| Q1 25 | 1.09× | -212.82× | ||
| Q4 24 | 5.30× | 15.25× | ||
| Q3 24 | -0.04× | 4.97× | ||
| Q2 24 | 2.07× | 7.95× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
