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梅特勒-托利多（MTD）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
梅特勒-托利多的季度营收约是泰瑞达的1.0倍（$1.1B vs $1.1B），梅特勒-托利多净利率更高（25.3% vs 23.7%，领先1.6%），泰瑞达同比增速更快（43.9% vs 8.1%），泰瑞达自由现金流更多（$218.8M vs $184.1M），过去两年泰瑞达的营收复合增速更高（34.4% vs 10.5%）
梅特勒-托利多是全球知名的精密仪器及服务跨国供应商，业务覆盖实验室、工业生产、产品检测、食品零售等应用场景，旗下产品广泛应用于生命科学、食品、化工等众多行业的科研、质量管控及生产制造环节。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
MTD vs TER — 直观对比
营收规模更大
MTD
是对方的1.0倍
$1.1B
营收增速更快
TER
高出35.8%
8.1%
净利率更高
MTD
高出1.6%
23.7%
自由现金流更多
TER
多$34.7M
$184.1M
两年增速更快
TER
近两年复合增速
10.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.1B |
| 净利润 | $285.8M | $257.2M |
| 毛利率 | 59.8% | 57.2% |
| 营业利润率 | 29.1% | 27.1% |
| 净利率 | 25.3% | 23.7% |
| 营收同比 | 8.1% | 43.9% |
| 净利润同比 | 13.3% | 75.9% |
| 每股收益（稀释后） | $13.91 | $1.62 |
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MTDTER
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.0B | $769.2M | ||
| Q2 25 | $983.2M | $651.8M | ||
| Q1 25 | $883.7M | $685.7M | ||
| Q4 24 | $1.0B | $752.9M | ||
| Q3 24 | $954.5M | $737.3M | ||
| Q2 24 | $946.8M | $729.9M | ||
| Q1 24 | $925.9M | $599.8M |
净利润MTDTER
| Q4 25 | $285.8M | $257.2M | ||
| Q3 25 | $217.5M | $119.6M | ||
| Q2 25 | $202.3M | $78.4M | ||
| Q1 25 | $163.6M | $98.9M | ||
| Q4 24 | $252.3M | $146.3M | ||
| Q3 24 | $211.5M | $145.6M | ||
| Q2 24 | $221.8M | $186.3M | ||
| Q1 24 | $177.5M | $64.2M |
毛利率MTDTER
| Q4 25 | 59.8% | 57.2% | ||
| Q3 25 | 59.2% | 58.4% | ||
| Q2 25 | 59.0% | 57.2% | ||
| Q1 25 | 59.5% | 60.6% | ||
| Q4 24 | 61.2% | 59.4% | ||
| Q3 24 | 60.0% | 59.2% | ||
| Q2 24 | 59.7% | 58.3% | ||
| Q1 24 | 59.2% | 56.6% |
营业利润率MTDTER
| Q4 25 | 29.1% | 27.1% | ||
| Q3 25 | 26.1% | 18.9% | ||
| Q2 25 | 25.3% | 13.9% | ||
| Q1 25 | 22.9% | 17.6% | ||
| Q4 24 | 30.1% | 20.4% | ||
| Q3 24 | 27.1% | 20.6% | ||
| Q2 24 | 25.7% | 28.8% | ||
| Q1 24 | 23.8% | 13.0% |
净利率MTDTER
| Q4 25 | 25.3% | 23.7% | ||
| Q3 25 | 21.1% | 15.5% | ||
| Q2 25 | 20.6% | 12.0% | ||
| Q1 25 | 18.5% | 14.4% | ||
| Q4 24 | 24.1% | 19.4% | ||
| Q3 24 | 22.2% | 19.8% | ||
| Q2 24 | 23.4% | 25.5% | ||
| Q1 24 | 19.2% | 10.7% |
每股收益（稀释后）MTDTER
| Q4 25 | $13.91 | $1.62 | ||
| Q3 25 | $10.57 | $0.75 | ||
| Q2 25 | $9.76 | $0.49 | ||
| Q1 25 | $7.81 | $0.61 | ||
| Q4 24 | $11.91 | $0.89 | ||
| Q3 24 | $9.96 | $0.89 | ||
| Q2 24 | $10.37 | $1.14 | ||
| Q1 24 | $8.24 | $0.40 |
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 | — | $293.8M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $-23.6M | $2.8B |
| 总资产 | $3.7B | $4.2B |
| 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MTDTER
| Q4 25 | — | $293.8M | ||
| Q3 25 | $69.1M | $272.7M | ||
| Q2 25 | $61.8M | $339.3M | ||
| Q1 25 | — | $475.6M | ||
| Q4 24 | $59.4M | $553.4M | ||
| Q3 24 | $71.6M | $510.0M | ||
| Q2 24 | $70.8M | $421.9M | ||
| Q1 24 | — | $707.4M |
总债务MTDTER
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | — | — |
股东权益MTDTER
| Q4 25 | $-23.6M | $2.8B | ||
| Q3 25 | $-249.2M | $2.7B | ||
| Q2 25 | $-258.8M | $2.8B | ||
| Q1 25 | $-182.0M | $2.8B | ||
| Q4 24 | $-126.9M | $2.8B | ||
| Q3 24 | $-154.4M | $2.9B | ||
| Q2 24 | $-152.8M | $2.7B | ||
| Q1 24 | $-158.7M | $2.6B |
总资产MTDTER
| Q4 25 | $3.7B | $4.2B | ||
| Q3 25 | $3.5B | $4.0B | ||
| Q2 25 | $3.4B | $3.8B | ||
| Q1 25 | $3.2B | $3.7B | ||
| Q4 24 | $3.2B | $3.7B | ||
| Q3 24 | $3.3B | $3.8B | ||
| Q2 24 | $3.2B | $3.6B | ||
| Q1 24 | $3.3B | $3.4B |
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 | $225.6M | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $184.1M | $218.8M |
| 自由现金流率自由现金流/营收 | 16.3% | 20.2% |
| 资本支出强度资本支出/营收 | 3.7% | 5.8% |
| 现金转化率经营现金流/净利润 | 0.79× | 1.09× |
| 过去12个月自由现金流最近4个季度 | $848.6M | $450.4M |
8季度趋势，按日历期对齐
经营现金流MTDTER
| Q4 25 | $225.6M | $281.6M | ||
| Q3 25 | $299.4M | $49.0M | ||
| Q2 25 | $236.4M | $182.1M | ||
| Q1 25 | $194.4M | $161.6M | ||
| Q4 24 | $266.2M | $282.6M | ||
| Q3 24 | $254.7M | $166.3M | ||
| Q2 24 | $257.5M | $216.1M | ||
| Q1 24 | $190.0M | $7.3M |
自由现金流MTDTER
| Q4 25 | $184.1M | $218.8M | ||
| Q3 25 | $274.9M | $2.4M | ||
| Q2 25 | $212.5M | $131.7M | ||
| Q1 25 | $177.2M | $97.6M | ||
| Q4 24 | $224.9M | $225.2M | ||
| Q3 24 | $233.2M | $114.4M | ||
| Q2 24 | $233.7M | $171.2M | ||
| Q1 24 | $172.6M | $-36.7M |
自由现金流率MTDTER
| Q4 25 | 16.3% | 20.2% | ||
| Q3 25 | 26.7% | 0.3% | ||
| Q2 25 | 21.6% | 20.2% | ||
| Q1 25 | 20.1% | 14.2% | ||
| Q4 24 | 21.5% | 29.9% | ||
| Q3 24 | 24.4% | 15.5% | ||
| Q2 24 | 24.7% | 23.5% | ||
| Q1 24 | 18.6% | -6.1% |
资本支出强度MTDTER
| Q4 25 | 3.7% | 5.8% | ||
| Q3 25 | 2.4% | 6.1% | ||
| Q2 25 | 2.4% | 7.7% | ||
| Q1 25 | 2.0% | 9.3% | ||
| Q4 24 | 3.9% | 7.6% | ||
| Q3 24 | 2.2% | 7.0% | ||
| Q2 24 | 2.5% | 6.1% | ||
| Q1 24 | 1.9% | 7.3% |
现金转化率MTDTER
| Q4 25 | 0.79× | 1.09× | ||
| Q3 25 | 1.38× | 0.41× | ||
| Q2 25 | 1.17× | 2.32× | ||
| Q1 25 | 1.19× | 1.63× | ||
| Q4 24 | 1.06× | 1.93× | ||
| Q3 24 | 1.20× | 1.14× | ||
| Q2 24 | 1.16× | 1.16× | ||
| Q1 24 | 1.07× | 0.11× |
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
MTD
| Products | $857.0M | 76% |
| Services | $272.8M | 24% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
