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Side-by-side financial comparison of Grab Holdings Ltd (GRAB) and Martin Marietta Materials (MLM). Click either name above to swap in a different company.

Grab Holdings Ltd is the larger business by last-quarter revenue ($1.5B vs $1.1B, roughly 1.3× Martin Marietta Materials). Martin Marietta Materials runs the higher net margin — 24.5% vs 1.8%, a 22.7% gap on every dollar of revenue.

Grab Holdings Inc. is a Singaporean multinational technology company headquartered in one-north, Singapore. It is the developer of a super-app for ride-hailing, food delivery, and digital payment services on mobile devices. It operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.

Martin Marietta Materials, Inc. is an American company and a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada, and the Caribbean. In particular, Martin Marietta Materials supplies resources for the construction of roads, sidewalks, and foundations.

GRAB vs MLM — Head-to-Head

Bigger by revenue
GRAB
GRAB
1.3× larger
GRAB
$1.5B
$1.1B
MLM
Higher net margin
MLM
MLM
22.7% more per $
MLM
24.5%
1.8%
GRAB

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
GRAB
GRAB
MLM
MLM
Revenue
$1.5B
$1.1B
Net Profit
$26.0M
$279.0M
Gross Margin
43.1%
35.0%
Operating Margin
-2.5%
24.6%
Net Margin
1.8%
24.5%
Revenue YoY
-30.1%
Net Profit YoY
-4.8%
EPS (diluted)
$0.01
$4.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GRAB
GRAB
MLM
MLM
Q4 25
$1.1B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.4B
Q4 24
$1.5B
$1.6B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.3B
Net Profit
GRAB
GRAB
MLM
MLM
Q4 25
$279.0M
Q3 25
$414.0M
Q2 25
$328.0M
Q1 25
$116.0M
Q4 24
$26.0M
$293.0M
Q3 24
$363.0M
Q2 24
$294.0M
Q1 24
$1.0B
Gross Margin
GRAB
GRAB
MLM
MLM
Q4 25
35.0%
Q3 25
33.1%
Q2 25
30.0%
Q1 25
24.8%
Q4 24
43.1%
30.0%
Q3 24
31.7%
Q2 24
29.3%
Q1 24
21.7%
Operating Margin
GRAB
GRAB
MLM
MLM
Q4 25
24.6%
Q3 25
27.4%
Q2 25
25.3%
Q1 25
14.3%
Q4 24
-2.5%
24.4%
Q3 24
25.9%
Q2 24
22.6%
Q1 24
Net Margin
GRAB
GRAB
MLM
MLM
Q4 25
24.5%
Q3 25
22.4%
Q2 25
18.1%
Q1 25
8.6%
Q4 24
1.8%
18.0%
Q3 24
19.2%
Q2 24
16.7%
Q1 24
83.5%
EPS (diluted)
GRAB
GRAB
MLM
MLM
Q4 25
$4.59
Q3 25
$6.85
Q2 25
$5.43
Q1 25
$1.90
Q4 24
$0.01
$4.87
Q3 24
$5.91
Q2 24
$4.76
Q1 24
$16.87

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GRAB
GRAB
MLM
MLM
Cash + ST InvestmentsLiquidity on hand
$3.0B
$67.0M
Total DebtLower is stronger
$5.3B
Stockholders' EquityBook value
$6.4B
$10.0B
Total Assets
$9.3B
$18.7B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRAB
GRAB
MLM
MLM
Q4 25
$67.0M
Q3 25
$57.0M
Q2 25
$225.0M
Q1 25
$101.0M
Q4 24
$3.0B
$670.0M
Q3 24
$52.0M
Q2 24
$109.0M
Q1 24
$2.6B
Total Debt
GRAB
GRAB
MLM
MLM
Q4 25
$5.3B
Q3 25
$5.5B
Q2 25
$5.4B
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$4.0B
Q2 24
$4.3B
Q1 24
$4.3B
Stockholders' Equity
GRAB
GRAB
MLM
MLM
Q4 25
$10.0B
Q3 25
$9.7B
Q2 25
$9.4B
Q1 25
$9.1B
Q4 24
$6.4B
$9.5B
Q3 24
$9.2B
Q2 24
$8.8B
Q1 24
$8.9B
Total Assets
GRAB
GRAB
MLM
MLM
Q4 25
$18.7B
Q3 25
$18.7B
Q2 25
$18.1B
Q1 25
$17.7B
Q4 24
$9.3B
$18.2B
Q3 24
$16.5B
Q2 24
$16.3B
Q1 24
$16.2B
Debt / Equity
GRAB
GRAB
MLM
MLM
Q4 25
0.53×
Q3 25
0.57×
Q2 25
0.58×
Q1 25
0.60×
Q4 24
0.57×
Q3 24
0.44×
Q2 24
0.49×
Q1 24
0.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GRAB
GRAB
MLM
MLM
Operating Cash FlowLast quarter
$591.0M
$629.0M
Free Cash FlowOCF − Capex
$424.0M
FCF MarginFCF / Revenue
37.2%
Capex IntensityCapex / Revenue
18.0%
Cash ConversionOCF / Net Profit
22.73×
2.25×
TTM Free Cash FlowTrailing 4 quarters
$978.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRAB
GRAB
MLM
MLM
Q4 25
$629.0M
Q3 25
$551.0M
Q2 25
$387.0M
Q1 25
$218.0M
Q4 24
$591.0M
$686.0M
Q3 24
$600.0M
Q2 24
$1.0M
Q1 24
$172.0M
Free Cash Flow
GRAB
GRAB
MLM
MLM
Q4 25
$424.0M
Q3 25
$361.0M
Q2 25
$208.0M
Q1 25
$-15.0M
Q4 24
$453.0M
Q3 24
$317.0M
Q2 24
$-138.0M
Q1 24
$-28.0M
FCF Margin
GRAB
GRAB
MLM
MLM
Q4 25
37.2%
Q3 25
19.6%
Q2 25
11.5%
Q1 25
-1.1%
Q4 24
27.8%
Q3 24
16.8%
Q2 24
-7.8%
Q1 24
-2.2%
Capex Intensity
GRAB
GRAB
MLM
MLM
Q4 25
18.0%
Q3 25
10.3%
Q2 25
9.9%
Q1 25
17.2%
Q4 24
14.3%
Q3 24
15.0%
Q2 24
7.9%
Q1 24
16.0%
Cash Conversion
GRAB
GRAB
MLM
MLM
Q4 25
2.25×
Q3 25
1.33×
Q2 25
1.18×
Q1 25
1.88×
Q4 24
22.73×
2.34×
Q3 24
1.65×
Q2 24
0.00×
Q1 24
0.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GRAB
GRAB

Segment breakdown not available.

MLM
MLM

Building Materials Business East Group$774.0M68%
Building Materials Business West Group$233.0M20%
Services$88.0M8%
Other$45.0M4%

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