vs
Match Group（MTCH）与WHITE MOUNTAINS INSURANCE GROUP LTD（WTM）财务数据对比。点击上方公司名可切换其他公司
WHITE MOUNTAINS INSURANCE GROUP LTD的季度营收约是Match Group的1.8倍（$1.6B vs $878.0M），WHITE MOUNTAINS INSURANCE GROUP LTD净利率更高（52.1% vs 23.9%，领先28.2%），WHITE MOUNTAINS INSURANCE GROUP LTD同比增速更快（348.0% vs 2.1%），过去两年WHITE MOUNTAINS INSURANCE GROUP LTD的营收复合增速更高（57.4% 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。
怀特山保险集团是一家多元化保险及相关金融服务控股企业，总部位于百慕大汉密尔顿，1999年10月25日从美国特拉华州迁册至当前注册地，大部分业务通过旗下保险子公司及其他关联机构开展，覆盖多个保险及金融服务细分赛道。
MTCH vs WTM — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $878.0M | $1.6B |
| 净利润 | $209.7M | $835.8M |
| 毛利率 | 74.7% | 97.1% |
| 营业利润率 | 32.4% | 56.2% |
| 净利率 | 23.9% | 52.1% |
| 营收同比 | 2.1% | 348.0% |
| 净利润同比 | 32.5% | 741.0% |
| 每股收益（稀释后） | $0.83 | $325.02 |
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
| Q4 25 | $878.0M | $1.6B | ||
| Q3 25 | $914.3M | $864.2M | ||
| Q2 25 | $863.7M | $689.2M | ||
| Q1 25 | $831.2M | $577.8M | ||
| Q4 24 | $860.2M | $358.0M | ||
| Q3 24 | $895.5M | $839.1M | ||
| Q2 24 | $864.1M | $395.4M | ||
| Q1 24 | $859.6M | $647.3M |
| Q4 25 | $209.7M | $835.8M | ||
| Q3 25 | $160.8M | $113.8M | ||
| Q2 25 | $125.5M | $122.9M | ||
| Q1 25 | $117.6M | $33.9M | ||
| Q4 24 | $158.3M | $-130.4M | ||
| Q3 24 | $136.5M | $179.0M | ||
| Q2 24 | $133.3M | $-54.6M | ||
| Q1 24 | $123.2M | $236.4M |
| Q4 25 | 74.7% | 97.1% | ||
| Q3 25 | 73.0% | 93.6% | ||
| Q2 25 | 72.0% | 93.8% | ||
| Q1 25 | 71.5% | 98.7% | ||
| Q4 24 | 72.5% | 97.9% | ||
| Q3 24 | 71.7% | 99.1% | ||
| Q2 24 | 71.6% | 98.2% | ||
| Q1 24 | 70.1% | 98.8% |
| Q4 25 | 32.4% | 56.2% | ||
| Q3 25 | 24.2% | 20.7% | ||
| Q2 25 | 22.5% | 25.6% | ||
| Q1 25 | 20.8% | 12.5% | ||
| Q4 24 | 26.0% | -33.7% | ||
| Q3 24 | 23.5% | 28.5% | ||
| Q2 24 | 23.7% | -8.8% | ||
| Q1 24 | 21.5% | 35.9% |
| Q4 25 | 23.9% | 52.1% | ||
| Q3 25 | 17.6% | 13.2% | ||
| Q2 25 | 14.5% | 17.8% | ||
| Q1 25 | 14.1% | 5.9% | ||
| Q4 24 | 18.4% | -36.4% | ||
| Q3 24 | 15.2% | 21.3% | ||
| Q2 24 | 15.4% | -13.8% | ||
| Q1 24 | 14.3% | 36.5% |
| Q4 25 | $0.83 | $325.02 | ||
| Q3 25 | $0.62 | $44.18 | ||
| Q2 25 | $0.49 | $47.75 | ||
| Q1 25 | $0.44 | $13.19 | ||
| Q4 24 | $0.59 | $-50.98 | ||
| Q3 24 | $0.51 | $69.68 | ||
| Q2 24 | $0.48 | $-21.24 | ||
| Q1 24 | $0.44 | $92.33 |
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 | — |
| 总债务越低越好 | $3.5B | $837.0M |
| 股东权益账面价值 | $-253.5M | $5.4B |
| 总资产 | $4.5B | $12.3B |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $340.4M | — | ||
| Q1 25 | $414.2M | — | ||
| Q4 24 | $970.7M | — | ||
| Q3 24 | $860.9M | — | ||
| Q2 24 | $843.6M | — | ||
| Q1 24 | $920.9M | — |
| Q4 25 | $3.5B | $837.0M | ||
| Q3 25 | — | $870.4M | ||
| Q2 25 | — | $694.6M | ||
| Q1 25 | $3.4B | $676.1M | ||
| Q4 24 | $3.8B | $562.5M | ||
| Q3 24 | $3.8B | $544.9M | ||
| Q2 24 | $3.8B | $530.2M | ||
| Q1 24 | $3.8B | $532.1M |
| Q4 25 | $-253.5M | $5.4B | ||
| Q3 25 | $-223.9M | $4.8B | ||
| Q2 25 | $-230.9M | $4.6B | ||
| Q1 25 | $-182.7M | $4.5B | ||
| Q4 24 | $-63.7M | $4.5B | ||
| Q3 24 | $-88.5M | $4.6B | ||
| Q2 24 | $-130.2M | $4.4B | ||
| Q1 24 | $-107.8M | $4.5B |
| Q4 25 | $4.5B | $12.3B | ||
| Q3 25 | $4.5B | $12.3B | ||
| Q2 25 | $3.9B | $11.8B | ||
| Q1 25 | $3.9B | $11.0B | ||
| Q4 24 | $4.5B | $9.9B | ||
| Q3 24 | $4.4B | $10.3B | ||
| Q2 24 | $4.4B | $10.2B | ||
| Q1 24 | $4.4B | $9.6B |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.18× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $53.9M |
| 自由现金流经营现金流 - 资本支出 | $308.1M | — |
| 自由现金流率自由现金流/营收 | 35.1% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 现金转化率经营现金流/净利润 | 1.54× | 0.06× |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
| Q4 25 | $322.8M | $53.9M | ||
| Q3 25 | $320.6M | $359.3M | ||
| Q2 25 | $243.8M | $177.5M | ||
| Q1 25 | $193.1M | $-40.2M | ||
| Q4 24 | $254.7M | $64.1M | ||
| Q3 24 | $264.9M | $269.4M | ||
| Q2 24 | $129.0M | $216.8M | ||
| Q1 24 | $284.1M | $36.5M |
| Q4 25 | $308.1M | — | ||
| Q3 25 | $306.8M | — | ||
| Q2 25 | $231.0M | — | ||
| Q1 25 | $177.7M | — | ||
| Q4 24 | $247.1M | — | ||
| Q3 24 | $251.8M | — | ||
| Q2 24 | $116.3M | — | ||
| Q1 24 | $266.9M | — |
| Q4 25 | 35.1% | — | ||
| Q3 25 | 33.6% | — | ||
| Q2 25 | 26.7% | — | ||
| Q1 25 | 21.4% | — | ||
| Q4 24 | 28.7% | — | ||
| Q3 24 | 28.1% | — | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 31.0% | — |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 2.0% | — |
| Q4 25 | 1.54× | 0.06× | ||
| Q3 25 | 1.99× | 3.16× | ||
| Q2 25 | 1.94× | 1.44× | ||
| Q1 25 | 1.64× | -1.19× | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | 1.94× | 1.51× | ||
| Q2 24 | 0.97× | — | ||
| Q1 24 | 2.31× | 0.15× |
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
MTCH
| Tinder Segment | $479.3M | 55% |
| Hinge Segment | $186.5M | 21% |
| Evergreen And Emerging Segment | $148.1M | 17% |
| MG Asia Segment | $65.8M | 7% |
WTM
暂无分部数据
