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Arcosa, Inc.（ACA）与Martin Marietta Materials（MLM）财务数据对比。点击上方公司名可切换其他公司
Martin Marietta Materials的季度营收约是Arcosa, Inc.的1.6倍（$1.1B vs $716.7M），Martin Marietta Materials净利率更高（24.5% vs 7.3%，领先17.2%），Arcosa, Inc.同比增速更快（7.6% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $55.8M），过去两年Arcosa, Inc.的营收复合增速更高（9.4% vs -4.5%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
ACA vs MLM — 直观对比
营收规模更大
MLM
是对方的1.6倍
$716.7M
营收增速更快
ACA
高出37.7%
-30.1%
净利率更高
MLM
高出17.2%
7.3%
自由现金流更多
MLM
多$368.2M
$55.8M
两年增速更快
ACA
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $1.1B |
| 净利润 | $52.1M | $279.0M |
| 毛利率 | 22.9% | 35.0% |
| 营业利润率 | 11.0% | 24.6% |
| 净利率 | 7.3% | 24.5% |
| 营收同比 | 7.6% | -30.1% |
| 净利润同比 | 776.6% | -4.8% |
| 每股收益（稀释后） | $1.06 | $4.59 |
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ACAMLM
| Q4 25 | $716.7M | $1.1B | ||
| Q3 25 | $797.8M | $1.8B | ||
| Q2 25 | $736.9M | $1.8B | ||
| Q1 25 | $632.0M | $1.4B | ||
| Q4 24 | $666.2M | $1.6B | ||
| Q3 24 | $640.4M | $1.9B | ||
| Q2 24 | $664.7M | $1.8B | ||
| Q1 24 | $598.6M | $1.3B |
净利润ACAMLM
| Q4 25 | $52.1M | $279.0M | ||
| Q3 25 | $73.0M | $414.0M | ||
| Q2 25 | $59.7M | $328.0M | ||
| Q1 25 | $23.6M | $116.0M | ||
| Q4 24 | $-7.7M | $293.0M | ||
| Q3 24 | $16.6M | $363.0M | ||
| Q2 24 | $45.6M | $294.0M | ||
| Q1 24 | $39.2M | $1.0B |
毛利率ACAMLM
| Q4 25 | 22.9% | 35.0% | ||
| Q3 25 | 24.1% | 33.1% | ||
| Q2 25 | 22.5% | 30.0% | ||
| Q1 25 | 19.8% | 24.8% | ||
| Q4 24 | 19.3% | 30.0% | ||
| Q3 24 | 21.3% | 31.7% | ||
| Q2 24 | 20.8% | 29.3% | ||
| Q1 24 | 18.6% | 21.7% |
营业利润率ACAMLM
| Q4 25 | 11.0% | 24.6% | ||
| Q3 25 | 14.1% | 27.4% | ||
| Q2 25 | 12.9% | 25.3% | ||
| Q1 25 | 8.8% | 14.3% | ||
| Q4 24 | 6.5% | 24.4% | ||
| Q3 24 | 5.3% | 25.9% | ||
| Q2 24 | 10.1% | 22.6% | ||
| Q1 24 | 8.9% | — |
净利率ACAMLM
| Q4 25 | 7.3% | 24.5% | ||
| Q3 25 | 9.2% | 22.4% | ||
| Q2 25 | 8.1% | 18.1% | ||
| Q1 25 | 3.7% | 8.6% | ||
| Q4 24 | -1.2% | 18.0% | ||
| Q3 24 | 2.6% | 19.2% | ||
| Q2 24 | 6.9% | 16.7% | ||
| Q1 24 | 6.5% | 83.5% |
每股收益（稀释后）ACAMLM
| Q4 25 | $1.06 | $4.59 | ||
| Q3 25 | $1.48 | $6.85 | ||
| Q2 25 | $1.22 | $5.43 | ||
| Q1 25 | $0.48 | $1.90 | ||
| Q4 24 | $-0.16 | $4.87 | ||
| Q3 24 | $0.34 | $5.91 | ||
| Q2 24 | $0.93 | $4.76 | ||
| Q1 24 | $0.80 | $16.87 |
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 | $214.6M | $67.0M |
| 总债务越低越好 | $1.5B | $5.3B |
| 股东权益账面价值 | $2.6B | $10.0B |
| 总资产 | $5.0B | $18.7B |
| 负债/权益比越低杠杆越低 | 0.57× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资ACAMLM
| Q4 25 | $214.6M | $67.0M | ||
| Q3 25 | $220.0M | $57.0M | ||
| Q2 25 | $189.7M | $225.0M | ||
| Q1 25 | $167.9M | $101.0M | ||
| Q4 24 | $187.3M | $670.0M | ||
| Q3 24 | $756.8M | $52.0M | ||
| Q2 24 | $103.7M | $109.0M | ||
| Q1 24 | $176.5M | $2.6B |
总债务ACAMLM
| Q4 25 | $1.5B | $5.3B | ||
| Q3 25 | $1.6B | $5.5B | ||
| Q2 25 | $1.7B | $5.4B | ||
| Q1 25 | $1.7B | $5.4B | ||
| Q4 24 | $1.7B | $5.4B | ||
| Q3 24 | $1.2B | $4.0B | ||
| Q2 24 | $699.9M | $4.3B | ||
| Q1 24 | $600.6M | $4.3B |
股东权益ACAMLM
| Q4 25 | $2.6B | $10.0B | ||
| Q3 25 | $2.6B | $9.7B | ||
| Q2 25 | $2.5B | $9.4B | ||
| Q1 25 | $2.5B | $9.1B | ||
| Q4 24 | $2.4B | $9.5B | ||
| Q3 24 | $2.4B | $9.2B | ||
| Q2 24 | $2.4B | $8.8B | ||
| Q1 24 | $2.4B | $8.9B |
总资产ACAMLM
| Q4 25 | $5.0B | $18.7B | ||
| Q3 25 | $5.1B | $18.7B | ||
| Q2 25 | $5.0B | $18.1B | ||
| Q1 25 | $4.9B | $17.7B | ||
| Q4 24 | $4.9B | $18.2B | ||
| Q3 24 | $4.4B | $16.5B | ||
| Q2 24 | $3.8B | $16.3B | ||
| Q1 24 | $3.7B | $16.2B |
负债/权益比ACAMLM
| Q4 25 | 0.57× | 0.53× | ||
| Q3 25 | 0.61× | 0.57× | ||
| Q2 25 | 0.67× | 0.58× | ||
| Q1 25 | 0.68× | 0.60× | ||
| Q4 24 | 0.69× | 0.57× | ||
| Q3 24 | 0.51× | 0.44× | ||
| Q2 24 | 0.29× | 0.49× | ||
| Q1 24 | 0.25× | 0.49× |
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 | $120.0M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $424.0M |
| 自由现金流率自由现金流/营收 | 7.8% | 37.2% |
| 资本支出强度资本支出/营收 | 9.0% | 18.0% |
| 现金转化率经营现金流/净利润 | 2.30× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $175.5M | $978.0M |
8季度趋势，按日历期对齐
经营现金流ACAMLM
| Q4 25 | $120.0M | $629.0M | ||
| Q3 25 | $160.6M | $551.0M | ||
| Q2 25 | $61.2M | $387.0M | ||
| Q1 25 | $-700.0K | $218.0M | ||
| Q4 24 | $248.2M | $686.0M | ||
| Q3 24 | $135.0M | $600.0M | ||
| Q2 24 | $38.3M | $1.0M | ||
| Q1 24 | $80.5M | $172.0M |
自由现金流ACAMLM
| Q4 25 | $55.8M | $424.0M | ||
| Q3 25 | $121.0M | $361.0M | ||
| Q2 25 | $33.4M | $208.0M | ||
| Q1 25 | $-34.7M | $-15.0M | ||
| Q4 24 | $194.9M | $453.0M | ||
| Q3 24 | $100.6M | $317.0M | ||
| Q2 24 | $-9.3M | $-138.0M | ||
| Q1 24 | $26.1M | $-28.0M |
自由现金流率ACAMLM
| Q4 25 | 7.8% | 37.2% | ||
| Q3 25 | 15.2% | 19.6% | ||
| Q2 25 | 4.5% | 11.5% | ||
| Q1 25 | -5.5% | -1.1% | ||
| Q4 24 | 29.3% | 27.8% | ||
| Q3 24 | 15.7% | 16.8% | ||
| Q2 24 | -1.4% | -7.8% | ||
| Q1 24 | 4.4% | -2.2% |
资本支出强度ACAMLM
| Q4 25 | 9.0% | 18.0% | ||
| Q3 25 | 5.0% | 10.3% | ||
| Q2 25 | 3.8% | 9.9% | ||
| Q1 25 | 5.4% | 17.2% | ||
| Q4 24 | 8.0% | 14.3% | ||
| Q3 24 | 5.4% | 15.0% | ||
| Q2 24 | 7.2% | 7.9% | ||
| Q1 24 | 9.1% | 16.0% |
现金转化率ACAMLM
| Q4 25 | 2.30× | 2.25× | ||
| Q3 25 | 2.20× | 1.33× | ||
| Q2 25 | 1.03× | 1.18× | ||
| Q1 25 | -0.03× | 1.88× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | 8.13× | 1.65× | ||
| Q2 24 | 0.84× | 0.00× | ||
| Q1 24 | 2.05× | 0.16× |
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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
