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M&T Bank（MTB）与微博公司（WB）财务数据对比。点击上方公司名可切换其他公司
M&T Bank的季度营收约是微博公司的1.9倍（$2.5B vs $1.3B），微博公司净利率更高（35.7% vs 30.7%，领先5.0%），过去两年微博公司的营收复合增速更高（22.6% 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。
微博公司是中国知名的社交网络企业，旗下运营的新浪微博是国内极具影响力的微博客平台，公司总部位于中国北京，为数以亿计的用户提供社交互动、资讯传播、内容创作等多元互联网服务。
MTB vs WB — 直观对比
营收规模更大
MTB
是对方的1.9倍
$1.3B
净利率更高
WB
高出5.0%
30.7%
两年增速更快
WB
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.3B |
| 净利润 | $759.0M | $458.3M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 29.1% |
| 净利率 | 30.7% | 35.7% |
| 营收同比 | 3.8% | — |
| 净利润同比 | 11.5% | — |
| 每股收益（稀释后） | $4.62 | — |
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MTBWB
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.5B | $1.3B | ||
| Q2 25 | $2.4B | $841.7M | ||
| Q1 25 | $2.3B | $396.9M | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.3B | $833.4M | ||
| Q1 24 | $2.3B | $395.5M |
净利润MTBWB
| Q4 25 | $759.0M | — | ||
| Q3 25 | $792.0M | $458.3M | ||
| Q2 25 | $716.0M | $234.8M | ||
| Q1 25 | $584.0M | $108.1M | ||
| Q4 24 | $681.0M | — | ||
| Q3 24 | $721.0M | $297.4M | ||
| Q2 24 | $655.0M | $164.6M | ||
| Q1 24 | $531.0M | $51.1M |
营业利润率MTBWB
| Q4 25 | 39.2% | — | ||
| Q3 25 | 40.8% | 29.1% | ||
| Q2 25 | 39.0% | 30.4% | ||
| Q1 25 | 33.0% | 27.8% | ||
| Q4 24 | 37.0% | — | ||
| Q3 24 | 39.0% | 29.0% | ||
| Q2 24 | 37.1% | 28.2% | ||
| Q1 24 | 29.4% | 25.2% |
净利率MTBWB
| Q4 25 | 30.7% | — | ||
| Q3 25 | 31.5% | 35.7% | ||
| Q2 25 | 29.9% | 27.9% | ||
| Q1 25 | 25.3% | 27.2% | ||
| Q4 24 | 28.6% | — | ||
| Q3 24 | 30.9% | 22.9% | ||
| Q2 24 | 28.5% | 19.8% | ||
| Q1 24 | 23.5% | 12.9% |
每股收益（稀释后）MTBWB
| Q4 25 | $4.62 | — | ||
| Q3 25 | $4.82 | — | ||
| Q2 25 | $4.24 | — | ||
| Q1 25 | $3.32 | — | ||
| Q4 24 | $3.87 | — | ||
| Q3 24 | $4.02 | — | ||
| Q2 24 | $3.73 | — | ||
| Q1 24 | $3.02 | — |
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 | — | $1.1B |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $29.2B | $3.9B |
| 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MTBWB
| Q4 25 | — | — | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $2.1B |
总债务MTBWB
| 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 | — | ||
| Q1 24 | $11.4B | — |
股东权益MTBWB
| Q4 25 | $29.2B | — | ||
| Q3 25 | $28.7B | $3.9B | ||
| Q2 25 | $28.5B | $3.6B | ||
| Q1 25 | $29.0B | $3.5B | ||
| Q4 24 | $29.0B | — | ||
| Q3 24 | $28.9B | — | ||
| Q2 24 | $28.4B | $3.4B | ||
| Q1 24 | $27.2B | $3.3B |
总资产MTBWB
| Q4 25 | $213.5B | — | ||
| Q3 25 | $211.3B | $6.9B | ||
| Q2 25 | $211.6B | $6.5B | ||
| Q1 25 | $210.3B | $6.7B | ||
| Q4 24 | $208.1B | — | ||
| Q3 24 | $211.8B | — | ||
| Q2 24 | $208.9B | $7.1B | ||
| Q1 24 | $215.1B | $7.3B |
负债/权益比MTBWB
| 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× | — | ||
| Q1 24 | 0.42× | — |
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MTBWB
| Q4 25 | $3.0B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $844.0M | — | ||
| Q1 25 | $635.0M | — | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $-28.0M | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $608.0M | — |
现金转化率MTBWB
| Q4 25 | 3.96× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 1.09× | — | ||
| Q4 24 | 5.30× | — | ||
| Q3 24 | -0.04× | — | ||
| Q2 24 | 2.07× | — | ||
| Q1 24 | 1.15× | — |
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
MTB
暂无分部数据
WB
| Income from operations | $373.2M | 29% |
| Shares used in computing diluted net income per share attributable to Weibos shareholders | $268.1M | 21% |
| Shares used in computing basic net income per share attributable to Weibos shareholders | $238.6M | 19% |
| Value-added services | $186.1M | 14% |
| Less: Income tax expenses | $113.2M | 9% |
| Investment related income, net | $45.0M | 4% |
| Product development | $16.7M | 1% |
| General and administrative | $10.6M | 1% |
| Sales and marketing | $7.1M | 1% |
| Accretion to redeemable non-controlling interests | $3.0M | 0% |
