vs
Match Group（MTCH）与纽约时报公司（NYT）财务数据对比。点击上方公司名可切换其他公司
Match Group的季度营收约是纽约时报公司的1.1倍（$878.0M vs $802.3M），Match Group净利率更高（23.9% vs 16.2%，领先7.7%），纽约时报公司同比增速更快（10.4% vs 2.1%），Match Group自由现金流更多（$308.1M vs $157.6M），过去两年纽约时报公司的营收复合增速更高（16.2% vs 1.1%）
美国互联网科技企业Match Group总部位于得克萨斯州达拉斯，旗下拥有全球规模最大的在线约会服务品牌矩阵，运营Tinder、Hinge、Plenty of Fish等多款全球知名约会产品。2020年7月公司从IAC分拆为独立上市公司，截至2019年全球付费订阅用户达930万，其中近半数来自北美地区。
纽约时报公司是美国知名大众传媒企业，总部位于纽约市曼哈顿的纽约时报大厦，旗下核心出版产品包括《纽约时报》及其国际版等系列刊物，同时运营多元媒体资产，在全球新闻传媒领域拥有较高知名度。
MTCH vs NYT — 直观对比
营收规模更大
MTCH
是对方的1.1倍
$802.3M
营收增速更快
NYT
高出8.3%
2.1%
净利率更高
MTCH
高出7.7%
16.2%
自由现金流更多
MTCH
多$150.5M
$157.6M
两年增速更快
NYT
近两年复合增速
1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $878.0M | $802.3M |
| 净利润 | $209.7M | $129.8M |
| 毛利率 | 74.7% | — |
| 营业利润率 | 32.4% | 20.1% |
| 净利率 | 23.9% | 16.2% |
| 营收同比 | 2.1% | 10.4% |
| 净利润同比 | 32.5% | 4.9% |
| 每股收益（稀释后） | $0.83 | $0.79 |
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MTCHNYT
| Q4 25 | $878.0M | $802.3M | ||
| Q3 25 | $914.3M | $700.8M | ||
| Q2 25 | $863.7M | $685.9M | ||
| Q1 25 | $831.2M | $635.9M | ||
| Q4 24 | $860.2M | $726.6M | ||
| Q3 24 | $895.5M | $640.2M | ||
| Q2 24 | $864.1M | $625.1M | ||
| Q1 24 | $859.6M | $594.0M |
净利润MTCHNYT
| Q4 25 | $209.7M | $129.8M | ||
| Q3 25 | $160.8M | $81.6M | ||
| Q2 25 | $125.5M | $82.9M | ||
| Q1 25 | $117.6M | $49.6M | ||
| Q4 24 | $158.3M | $123.7M | ||
| Q3 24 | $136.5M | $64.1M | ||
| Q2 24 | $133.3M | $65.5M | ||
| Q1 24 | $123.2M | $40.4M |
毛利率MTCHNYT
| Q4 25 | 74.7% | — | ||
| Q3 25 | 73.0% | — | ||
| Q2 25 | 72.0% | — | ||
| Q1 25 | 71.5% | — | ||
| Q4 24 | 72.5% | — | ||
| Q3 24 | 71.7% | — | ||
| Q2 24 | 71.6% | — | ||
| Q1 24 | 70.1% | — |
营业利润率MTCHNYT
| Q4 25 | 32.4% | 20.1% | ||
| Q3 25 | 24.2% | 15.0% | ||
| Q2 25 | 22.5% | 15.5% | ||
| Q1 25 | 20.8% | 9.2% | ||
| Q4 24 | 26.0% | 20.2% | ||
| Q3 24 | 23.5% | 12.0% | ||
| Q2 24 | 23.7% | 12.7% | ||
| Q1 24 | 21.5% | 8.1% |
净利率MTCHNYT
| Q4 25 | 23.9% | 16.2% | ||
| Q3 25 | 17.6% | 11.7% | ||
| Q2 25 | 14.5% | 12.1% | ||
| Q1 25 | 14.1% | 7.8% | ||
| Q4 24 | 18.4% | 17.0% | ||
| Q3 24 | 15.2% | 10.0% | ||
| Q2 24 | 15.4% | 10.5% | ||
| Q1 24 | 14.3% | 6.8% |
每股收益（稀释后）MTCHNYT
| Q4 25 | $0.83 | $0.79 | ||
| Q3 25 | $0.62 | $0.50 | ||
| Q2 25 | $0.49 | $0.50 | ||
| Q1 25 | $0.44 | $0.30 | ||
| Q4 24 | $0.59 | $0.74 | ||
| Q3 24 | $0.51 | $0.39 | ||
| Q2 24 | $0.48 | $0.40 | ||
| Q1 24 | $0.44 | $0.24 |
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 | $1.0B | $642.2M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $-253.5M | $2.0B |
| 总资产 | $4.5B | $3.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MTCHNYT
| Q4 25 | $1.0B | $642.2M | ||
| Q3 25 | $1.1B | $617.4M | ||
| Q2 25 | $340.4M | $540.2M | ||
| Q1 25 | $414.2M | $522.1M | ||
| Q4 24 | $970.7M | $565.9M | ||
| Q3 24 | $860.9M | $492.9M | ||
| Q2 24 | $843.6M | $411.4M | ||
| Q1 24 | $920.9M | $379.1M |
总债务MTCHNYT
| Q4 25 | $3.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.8B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.8B | — |
股东权益MTCHNYT
| Q4 25 | $-253.5M | $2.0B | ||
| Q3 25 | $-223.9M | $2.0B | ||
| Q2 25 | $-230.9M | $1.9B | ||
| Q1 25 | $-182.7M | $1.9B | ||
| Q4 24 | $-63.7M | $1.9B | ||
| Q3 24 | $-88.5M | $1.9B | ||
| Q2 24 | $-130.2M | $1.8B | ||
| Q1 24 | $-107.8M | $1.7B |
总资产MTCHNYT
| Q4 25 | $4.5B | $3.0B | ||
| Q3 25 | $4.5B | $2.9B | ||
| Q2 25 | $3.9B | $2.8B | ||
| Q1 25 | $3.9B | $2.7B | ||
| Q4 24 | $4.5B | $2.8B | ||
| Q3 24 | $4.4B | $2.8B | ||
| Q2 24 | $4.4B | $2.7B | ||
| Q1 24 | $4.4B | $2.6B |
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 | $322.8M | $164.2M |
| 自由现金流经营现金流 - 资本支出 | $308.1M | $157.6M |
| 自由现金流率自由现金流/营收 | 35.1% | 19.6% |
| 资本支出强度资本支出/营收 | 1.7% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.54× | 1.26× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $550.5M |
8季度趋势，按日历期对齐
经营现金流MTCHNYT
| Q4 25 | $322.8M | $164.2M | ||
| Q3 25 | $320.6M | $207.6M | ||
| Q2 25 | $243.8M | $113.6M | ||
| Q1 25 | $193.1M | $99.1M | ||
| Q4 24 | $254.7M | $151.7M | ||
| Q3 24 | $264.9M | $125.5M | ||
| Q2 24 | $129.0M | $80.2M | ||
| Q1 24 | $284.1M | $53.1M |
自由现金流MTCHNYT
| Q4 25 | $308.1M | $157.6M | ||
| Q3 25 | $306.8M | $199.7M | ||
| Q2 25 | $231.0M | $103.3M | ||
| Q1 25 | $177.7M | $89.9M | ||
| Q4 24 | $247.1M | $143.6M | ||
| Q3 24 | $251.8M | $118.4M | ||
| Q2 24 | $116.3M | $72.6M | ||
| Q1 24 | $266.9M | $46.7M |
自由现金流率MTCHNYT
| Q4 25 | 35.1% | 19.6% | ||
| Q3 25 | 33.6% | 28.5% | ||
| Q2 25 | 26.7% | 15.1% | ||
| Q1 25 | 21.4% | 14.1% | ||
| Q4 24 | 28.7% | 19.8% | ||
| Q3 24 | 28.1% | 18.5% | ||
| Q2 24 | 13.5% | 11.6% | ||
| Q1 24 | 31.0% | 7.9% |
资本支出强度MTCHNYT
| Q4 25 | 1.7% | 0.8% | ||
| Q3 25 | 1.5% | 1.1% | ||
| Q2 25 | 1.5% | 1.5% | ||
| Q1 25 | 1.9% | 1.5% | ||
| Q4 24 | 0.9% | 1.1% | ||
| Q3 24 | 1.5% | 1.1% | ||
| Q2 24 | 1.5% | 1.2% | ||
| Q1 24 | 2.0% | 1.1% |
现金转化率MTCHNYT
| Q4 25 | 1.54× | 1.26× | ||
| Q3 25 | 1.99× | 2.54× | ||
| Q2 25 | 1.94× | 1.37× | ||
| Q1 25 | 1.64× | 2.00× | ||
| Q4 24 | 1.61× | 1.23× | ||
| Q3 24 | 1.94× | 1.96× | ||
| Q2 24 | 0.97× | 1.22× | ||
| Q1 24 | 2.31× | 1.31× |
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
MTCH
| Tinder Segment | $479.3M | 55% |
| Hinge Segment | $186.5M | 21% |
| Evergreen And Emerging Segment | $148.1M | 17% |
| MG Asia Segment | $65.8M | 7% |
NYT
| Subscription | $510.5M | 64% |
| Advertising | $191.7M | 24% |
| Affiliate Licensing And Other Products And Services | $100.2M | 12% |
