vs
Match Group（MTCH）与BLUE OWL CAPITAL INC.（OWL）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BLUE OWL CAPITAL INC.的1.2倍（$878.0M vs $755.6M），Match Group净利率更高（23.9% vs 6.3%，领先17.6%），BLUE OWL CAPITAL INC.同比增速更快（19.7% vs 2.1%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $308.1M），过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% 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。
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
MTCH vs OWL — 直观对比
营收规模更大
MTCH
是对方的1.2倍
$755.6M
营收增速更快
OWL
高出17.6%
2.1%
净利率更高
MTCH
高出17.6%
6.3%
自由现金流更多
OWL
多$51.0M
$308.1M
两年增速更快
OWL
近两年复合增速
1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $878.0M | $755.6M |
| 净利润 | $209.7M | $47.7M |
| 毛利率 | 74.7% | — |
| 营业利润率 | 32.4% | 22.2% |
| 净利率 | 23.9% | 6.3% |
| 营收同比 | 2.1% | 19.7% |
| 净利润同比 | 32.5% | 129.8% |
| 每股收益（稀释后） | $0.83 | $0.07 |
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MTCHOWL
| Q4 25 | $878.0M | $755.6M | ||
| Q3 25 | $914.3M | $728.0M | ||
| Q2 25 | $863.7M | $703.1M | ||
| Q1 25 | $831.2M | $683.5M | ||
| Q4 24 | $860.2M | $631.4M | ||
| Q3 24 | $895.5M | $600.9M | ||
| Q2 24 | $864.1M | $549.8M | ||
| Q1 24 | $859.6M | $513.3M |
净利润MTCHOWL
| Q4 25 | $209.7M | $47.7M | ||
| Q3 25 | $160.8M | $6.3M | ||
| Q2 25 | $125.5M | $17.4M | ||
| Q1 25 | $117.6M | $7.4M | ||
| Q4 24 | $158.3M | $20.7M | ||
| Q3 24 | $136.5M | $29.8M | ||
| Q2 24 | $133.3M | $33.9M | ||
| Q1 24 | $123.2M | $25.1M |
毛利率MTCHOWL
| 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MTCHOWL
| Q4 25 | 32.4% | 22.2% | ||
| Q3 25 | 24.2% | 7.6% | ||
| Q2 25 | 22.5% | 12.0% | ||
| Q1 25 | 20.8% | 5.9% | ||
| Q4 24 | 26.0% | 11.7% | ||
| Q3 24 | 23.5% | 18.7% | ||
| Q2 24 | 23.7% | 28.4% | ||
| Q1 24 | 21.5% | 24.7% |
净利率MTCHOWL
| Q4 25 | 23.9% | 6.3% | ||
| Q3 25 | 17.6% | 0.9% | ||
| Q2 25 | 14.5% | 2.5% | ||
| Q1 25 | 14.1% | 1.1% | ||
| Q4 24 | 18.4% | 3.3% | ||
| Q3 24 | 15.2% | 5.0% | ||
| Q2 24 | 15.4% | 6.2% | ||
| Q1 24 | 14.3% | 4.9% |
每股收益（稀释后）MTCHOWL
| Q4 25 | $0.83 | $0.07 | ||
| Q3 25 | $0.62 | $0.01 | ||
| Q2 25 | $0.49 | $0.02 | ||
| Q1 25 | $0.44 | $0.00 | ||
| Q4 24 | $0.59 | $0.06 | ||
| Q3 24 | $0.51 | $0.04 | ||
| Q2 24 | $0.48 | $0.06 | ||
| Q1 24 | $0.44 | $0.04 |
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 | $194.5M |
| 总债务越低越好 | $3.5B | $3.3B |
| 股东权益账面价值 | $-253.5M | $2.2B |
| 总资产 | $4.5B | $12.5B |
| 负债/权益比越低杠杆越低 | — | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资MTCHOWL
| Q4 25 | $1.0B | $194.5M | ||
| Q3 25 | $1.1B | $137.3M | ||
| Q2 25 | $340.4M | $117.6M | ||
| Q1 25 | $414.2M | $97.6M | ||
| Q4 24 | $970.7M | $152.1M | ||
| Q3 24 | $860.9M | $115.9M | ||
| Q2 24 | $843.6M | $436.8M | ||
| Q1 24 | $920.9M | $155.8M |
总债务MTCHOWL
| Q4 25 | $3.5B | $3.3B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | $3.4B | $3.2B | ||
| Q4 24 | $3.8B | $2.6B | ||
| Q3 24 | $3.8B | $2.5B | ||
| Q2 24 | $3.8B | $2.5B | ||
| Q1 24 | $3.8B | $2.1B |
股东权益MTCHOWL
| Q4 25 | $-253.5M | $2.2B | ||
| Q3 25 | $-223.9M | $2.3B | ||
| Q2 25 | $-230.9M | $2.4B | ||
| Q1 25 | $-182.7M | $2.3B | ||
| Q4 24 | $-63.7M | $2.1B | ||
| Q3 24 | $-88.5M | $2.0B | ||
| Q2 24 | $-130.2M | $1.7B | ||
| Q1 24 | $-107.8M | $1.6B |
总资产MTCHOWL
| Q4 25 | $4.5B | $12.5B | ||
| Q3 25 | $4.5B | $12.5B | ||
| Q2 25 | $3.9B | $12.3B | ||
| Q1 25 | $3.9B | $12.3B | ||
| Q4 24 | $4.5B | $11.0B | ||
| Q3 24 | $4.4B | $10.8B | ||
| Q2 24 | $4.4B | $9.7B | ||
| Q1 24 | $4.4B | $9.0B |
负债/权益比MTCHOWL
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.38× | ||
| Q1 25 | — | 1.37× | ||
| Q4 24 | — | 1.22× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 1.41× | ||
| Q1 24 | — | 1.26× |
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 | $382.9M |
| 自由现金流经营现金流 - 资本支出 | $308.1M | $359.1M |
| 自由现金流率自由现金流/营收 | 35.1% | 47.5% |
| 资本支出强度资本支出/营收 | 1.7% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.54× | 8.03× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $1.2B |
8季度趋势，按日历期对齐
经营现金流MTCHOWL
| Q4 25 | $322.8M | $382.9M | ||
| Q3 25 | $320.6M | $433.1M | ||
| Q2 25 | $243.8M | $422.5M | ||
| Q1 25 | $193.1M | $17.6M | ||
| Q4 24 | $254.7M | $324.0M | ||
| Q3 24 | $264.9M | $326.0M | ||
| Q2 24 | $129.0M | $302.3M | ||
| Q1 24 | $284.1M | $47.2M |
自由现金流MTCHOWL
| Q4 25 | $308.1M | $359.1M | ||
| Q3 25 | $306.8M | $422.5M | ||
| Q2 25 | $231.0M | $412.5M | ||
| Q1 25 | $177.7M | $4.2M | ||
| Q4 24 | $247.1M | $310.1M | ||
| Q3 24 | $251.8M | $314.8M | ||
| Q2 24 | $116.3M | $269.4M | ||
| Q1 24 | $266.9M | $41.1M |
自由现金流率MTCHOWL
| Q4 25 | 35.1% | 47.5% | ||
| Q3 25 | 33.6% | 58.0% | ||
| Q2 25 | 26.7% | 58.7% | ||
| Q1 25 | 21.4% | 0.6% | ||
| Q4 24 | 28.7% | 49.1% | ||
| Q3 24 | 28.1% | 52.4% | ||
| Q2 24 | 13.5% | 49.0% | ||
| Q1 24 | 31.0% | 8.0% |
资本支出强度MTCHOWL
| Q4 25 | 1.7% | 3.1% | ||
| Q3 25 | 1.5% | 1.5% | ||
| Q2 25 | 1.5% | 1.4% | ||
| Q1 25 | 1.9% | 2.0% | ||
| Q4 24 | 0.9% | 2.2% | ||
| Q3 24 | 1.5% | 1.9% | ||
| Q2 24 | 1.5% | 6.0% | ||
| Q1 24 | 2.0% | 1.2% |
现金转化率MTCHOWL
| Q4 25 | 1.54× | 8.03× | ||
| Q3 25 | 1.99× | 68.64× | ||
| Q2 25 | 1.94× | 24.25× | ||
| Q1 25 | 1.64× | 2.37× | ||
| Q4 24 | 1.61× | 15.62× | ||
| Q3 24 | 1.94× | 10.94× | ||
| Q2 24 | 0.97× | 8.91× | ||
| Q1 24 | 2.31× | 1.88× |
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% |
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
