vs
MANNATECH INC（MTEX）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
MANNATECH INC的季度营收约是REDWOOD TRUST INC的1.1倍（$29.2M vs $25.9M），REDWOOD TRUST INC净利率更高（77.2% vs 6.6%，领先70.6%），REDWOOD TRUST INC同比增速更快（-6.1% vs -8.1%），过去两年MANNATECH INC的营收复合增速更高（-5.4% vs -41.0%）
曼纳泰克是一家公开上市的跨国多层次直销企业，主营膳食补充剂与个人护理产品，由塞缪尔·卡斯特于1993年11月创立，总部位于美国德克萨斯州花丘，股票在纳斯达克挂牌交易。截至2017年，公司共有252名雇员，产品通过约22万名独立销售代理推广销售。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
MTEX vs RWT — 直观对比
营收规模更大
MTEX
是对方的1.1倍
$25.9M
营收增速更快
RWT
高出2.0%
-8.1%
净利率更高
RWT
高出70.6%
6.6%
两年增速更快
MTEX
近两年复合增速
-41.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $29.2M | $25.9M |
| 净利润 | $1.9M | $20.0M |
| 毛利率 | 76.4% | — |
| 营业利润率 | 6.9% | — |
| 净利率 | 6.6% | 77.2% |
| 营收同比 | -8.1% | -6.1% |
| 净利润同比 | 686.6% | 402.6% |
| 每股收益（稀释后） | $1.01 | $0.11 |
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MTEXRWT
| Q4 25 | — | $25.9M | ||
| Q3 25 | $29.2M | $15.0M | ||
| Q2 25 | — | $13.8M | ||
| Q1 25 | $26.6M | $27.9M | ||
| Q4 24 | $29.0M | $27.6M | ||
| Q3 24 | $31.7M | $25.5M | ||
| Q2 24 | $27.7M | $67.4M | ||
| Q1 24 | $29.4M | $74.5M |
净利润MTEXRWT
| Q4 25 | — | $20.0M | ||
| Q3 25 | $1.9M | $-7.7M | ||
| Q2 25 | — | $-98.5M | ||
| Q1 25 | $-1.5M | $16.1M | ||
| Q4 24 | $2.3M | $-6.6M | ||
| Q3 24 | $-328.0K | $14.8M | ||
| Q2 24 | $-624.0K | $15.5M | ||
| Q1 24 | $1.2M | $30.3M |
毛利率MTEXRWT
| Q4 25 | — | — | ||
| Q3 25 | 76.4% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 74.3% | — | ||
| Q4 24 | 80.6% | — | ||
| Q3 24 | 74.5% | — | ||
| Q2 24 | 77.1% | — | ||
| Q1 24 | 78.6% | — |
营业利润率MTEXRWT
| Q4 25 | — | — | ||
| Q3 25 | 6.9% | -9.0% | ||
| Q2 25 | — | -679.0% | ||
| Q1 25 | -3.1% | 80.2% | ||
| Q4 24 | 3.0% | -1.3% | ||
| Q3 24 | 2.8% | 86.1% | ||
| Q2 24 | -4.1% | 30.3% | ||
| Q1 24 | 2.8% | 41.3% |
净利率MTEXRWT
| Q4 25 | — | 77.2% | ||
| Q3 25 | 6.6% | -51.4% | ||
| Q2 25 | — | -712.0% | ||
| Q1 25 | -5.8% | 57.8% | ||
| Q4 24 | 7.8% | -24.0% | ||
| Q3 24 | -1.0% | 58.1% | ||
| Q2 24 | -2.2% | 23.0% | ||
| Q1 24 | 4.0% | 40.6% |
每股收益（稀释后）MTEXRWT
| Q4 25 | — | $0.11 | ||
| Q3 25 | $1.01 | $-0.08 | ||
| Q2 25 | — | $-0.76 | ||
| Q1 25 | $-0.80 | $0.10 | ||
| Q4 24 | $1.19 | $-0.08 | ||
| Q3 24 | $-0.17 | $0.09 | ||
| Q2 24 | $-0.33 | $0.10 | ||
| Q1 24 | $0.63 | $0.21 |
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 | $7.1M | $255.7M |
| 总债务越低越好 | $2.9M | — |
| 股东权益账面价值 | $7.0M | $982.6M |
| 总资产 | $33.9M | $23.7B |
| 负债/权益比越低杠杆越低 | 0.42× | — |
8季度趋势，按日历期对齐
现金及短期投资MTEXRWT
| Q4 25 | — | $255.7M | ||
| Q3 25 | $7.1M | $226.3M | ||
| Q2 25 | — | $302.0M | ||
| Q1 25 | $9.3M | $259.9M | ||
| Q4 24 | $11.4M | $245.2M | ||
| Q3 24 | $12.2M | $253.7M | ||
| Q2 24 | $9.2M | $275.6M | ||
| Q1 24 | $7.9M | $275.4M |
总债务MTEXRWT
| Q4 25 | — | — | ||
| Q3 25 | $2.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
股东权益MTEXRWT
| Q4 25 | — | $982.6M | ||
| Q3 25 | $7.0M | $999.0M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | $7.6M | $1.2B | ||
| Q4 24 | $8.6M | $1.2B | ||
| Q3 24 | $10.0M | $1.2B | ||
| Q2 24 | $8.2M | $1.2B | ||
| Q1 24 | $10.4M | $1.2B |
总资产MTEXRWT
| Q4 25 | — | $23.7B | ||
| Q3 25 | $33.9M | $22.6B | ||
| Q2 25 | — | $21.3B | ||
| Q1 25 | $36.7M | $19.9B | ||
| Q4 24 | $36.1M | $18.3B | ||
| Q3 24 | $40.6M | $18.4B | ||
| Q2 24 | $39.9M | $16.5B | ||
| Q1 24 | $41.1M | $15.1B |
负债/权益比MTEXRWT
| Q4 25 | — | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.39× |
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 | $-1.3M | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $-2.0M | — |
| 自由现金流率自由现金流/营收 | -6.8% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | -0.68× | -504.15× |
| 过去12个月自由现金流最近4个季度 | $-1.2M | — |
8季度趋势，按日历期对齐
经营现金流MTEXRWT
| Q4 25 | — | $-10.1B | ||
| Q3 25 | $-1.3M | $-2.7B | ||
| Q2 25 | — | $-2.1B | ||
| Q1 25 | $-1.4M | $-2.0B | ||
| Q4 24 | $-219.0K | $-5.9B | ||
| Q3 24 | $3.3M | $-2.1B | ||
| Q2 24 | $-2.7M | $-2.0B | ||
| Q1 24 | $1.9M | $-954.2M |
自由现金流MTEXRWT
| Q4 25 | — | — | ||
| Q3 25 | $-2.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-1.9M | — | ||
| Q4 24 | $-325.0K | — | ||
| Q3 24 | $3.0M | — | ||
| Q2 24 | $-2.7M | — | ||
| Q1 24 | $1.8M | — |
自由现金流率MTEXRWT
| Q4 25 | — | — | ||
| Q3 25 | -6.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -7.0% | — | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | 9.5% | — | ||
| Q2 24 | -9.9% | — | ||
| Q1 24 | 6.2% | — |
资本支出强度MTEXRWT
| Q4 25 | — | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.2% | — |
现金转化率MTEXRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | -0.68× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | -0.10× | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | 1.59× | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
