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豪瑞（AMRZ）与纳斯达克（NDAQ）财务数据对比。点击上方公司名可切换其他公司
豪瑞的季度营收约是纳斯达克的1.7倍（$3.7B vs $2.1B），纳斯达克净利率更高（24.3% vs 14.8%，领先9.5%），豪瑞同比增速更快（6.6% vs 2.0%）
豪瑞是总部位于瑞士的全球领先建筑材料及骨料供应商，为豪瑞集团旗下核心业务板块。原公司于2015年7月10日与拉法基合并组建拉法基豪瑞，2021年正式更名为豪瑞集团，合并完成后豪瑞品牌仍在集团内正常运营。
纳斯达克是美国的证券交易所，市值规模在全球证券交易所中排名第二，也是全球首个完全电子化的股票市场。其总部位于纽约曼哈顿，是美国交易量领先、活跃度最高的股票交易场所之一。
AMRZ vs NDAQ — 直观对比
营收规模更大
AMRZ
是对方的1.7倍
$2.1B
营收增速更快
AMRZ
高出4.7%
2.0%
净利率更高
NDAQ
高出9.5%
14.8%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $2.1B |
| 净利润 | $545.0M | $519.0M |
| 毛利率 | 29.6% | — |
| 营业利润率 | 21.2% | 30.7% |
| 净利率 | 14.8% | 24.3% |
| 营收同比 | 6.6% | 2.0% |
| 净利润同比 | -1.4% | 31.4% |
| 每股收益（稀释后） | $0.98 | $0.91 |
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AMRZNDAQ
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $3.7B | $2.0B | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $3.4B | $1.9B | ||
| Q2 24 | $3.2B | $1.8B |
净利润AMRZNDAQ
| Q1 26 | — | $519.0M | ||
| Q4 25 | — | $518.0M | ||
| Q3 25 | $545.0M | $423.0M | ||
| Q2 25 | $429.0M | $452.0M | ||
| Q1 25 | — | $395.0M | ||
| Q4 24 | — | $355.0M | ||
| Q3 24 | $553.0M | $306.0M | ||
| Q2 24 | $474.0M | $222.0M |
毛利率AMRZNDAQ
| Q1 26 | — | — | ||
| Q4 25 | — | 65.5% | ||
| Q3 25 | 29.6% | 67.2% | ||
| Q2 25 | 30.0% | 62.5% | ||
| Q1 25 | — | 59.2% | ||
| Q4 24 | — | 60.4% | ||
| Q3 24 | 30.2% | 60.3% | ||
| Q2 24 | 30.2% | 64.7% |
营业利润率AMRZNDAQ
| Q1 26 | — | 30.7% | ||
| Q4 25 | — | 29.7% | ||
| Q3 25 | 21.2% | 29.9% | ||
| Q2 25 | 20.8% | 27.2% | ||
| Q1 25 | — | 26.2% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | 24.5% | 23.6% | ||
| Q2 24 | 23.3% | 23.6% |
净利率AMRZNDAQ
| Q1 26 | — | 24.3% | ||
| Q4 25 | — | 24.4% | ||
| Q3 25 | 14.8% | 21.6% | ||
| Q2 25 | 13.3% | 21.6% | ||
| Q1 25 | — | 18.9% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | 16.0% | 16.1% | ||
| Q2 24 | 14.6% | 12.4% |
每股收益（稀释后）AMRZNDAQ
| Q1 26 | — | $0.91 | ||
| Q4 25 | — | $0.90 | ||
| Q3 25 | $0.98 | $0.73 | ||
| Q2 25 | $0.78 | $0.78 | ||
| Q1 25 | — | $0.68 | ||
| Q4 24 | — | $0.62 | ||
| Q3 24 | $1.00 | $0.53 | ||
| Q2 24 | $0.86 | $0.38 |
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 | $826.0M | $515.0M |
| 总债务越低越好 | — | $9.0B |
| 股东权益账面价值 | $12.9B | $12.0B |
| 总资产 | $24.0B | $27.3B |
| 负债/权益比越低杠杆越低 | — | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资AMRZNDAQ
| Q1 26 | — | $515.0M | ||
| Q4 25 | — | $604.0M | ||
| Q3 25 | $826.0M | $470.0M | ||
| Q2 25 | $601.0M | $732.0M | ||
| Q1 25 | — | $690.0M | ||
| Q4 24 | — | $592.0M | ||
| Q3 24 | — | $266.0M | ||
| Q2 24 | — | $416.0M |
总债务AMRZNDAQ
| Q1 26 | — | $9.0B | ||
| Q4 25 | — | $8.6B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.7B | ||
| Q1 25 | — | $8.9B | ||
| Q4 24 | — | $9.1B | ||
| Q3 24 | — | $9.4B | ||
| Q2 24 | — | $9.2B |
股东权益AMRZNDAQ
| Q1 26 | — | $12.0B | ||
| Q4 25 | — | $12.2B | ||
| Q3 25 | $12.9B | $12.0B | ||
| Q2 25 | $12.4B | $11.8B | ||
| Q1 25 | — | $11.5B | ||
| Q4 24 | — | $11.2B | ||
| Q3 24 | $9.8B | $11.1B | ||
| Q2 24 | $9.3B | $10.9B |
总资产AMRZNDAQ
| Q1 26 | — | $27.3B | ||
| Q4 25 | — | $31.1B | ||
| Q3 25 | $24.0B | $30.7B | ||
| Q2 25 | $23.8B | $30.4B | ||
| Q1 25 | — | $30.6B | ||
| Q4 24 | — | $30.4B | ||
| Q3 24 | — | $30.6B | ||
| Q2 24 | — | $30.2B |
负债/权益比AMRZNDAQ
| Q1 26 | — | 0.74× | ||
| Q4 25 | — | 0.70× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.77× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 0.85× |
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 | $854.0M | — |
| 自由现金流经营现金流 - 资本支出 | $669.0M | — |
| 自由现金流率自由现金流/营收 | 18.2% | — |
| 资本支出强度资本支出/营收 | 5.0% | — |
| 现金转化率经营现金流/净利润 | 1.57× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AMRZNDAQ
| Q1 26 | — | — | ||
| Q4 25 | — | $625.0M | ||
| Q3 25 | $854.0M | $221.0M | ||
| Q2 25 | — | $746.0M | ||
| Q1 25 | — | $663.0M | ||
| Q4 24 | — | $705.0M | ||
| Q3 24 | — | $244.0M | ||
| Q2 24 | — | $460.0M |
自由现金流AMRZNDAQ
| Q1 26 | — | — | ||
| Q4 25 | — | $536.0M | ||
| Q3 25 | $669.0M | $152.0M | ||
| Q2 25 | — | $687.0M | ||
| Q1 25 | — | $614.0M | ||
| Q4 24 | — | $645.0M | ||
| Q3 24 | — | $188.0M | ||
| Q2 24 | — | $408.0M |
自由现金流率AMRZNDAQ
| Q1 26 | — | — | ||
| Q4 25 | — | 25.2% | ||
| Q3 25 | 18.2% | 7.8% | ||
| Q2 25 | — | 32.9% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 22.8% |
资本支出强度AMRZNDAQ
| Q1 26 | — | — | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | 5.0% | 3.5% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 2.9% |
现金转化率AMRZNDAQ
| Q1 26 | — | — | ||
| Q4 25 | — | 1.21× | ||
| Q3 25 | 1.57× | 0.52× | ||
| Q2 25 | — | 1.65× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 2.07× |
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
AMRZ
| Building Materials | $2.8B | 75% |
| Building Envelope | $901.0M | 25% |
| Equity Method Investee | $5.0M | 0% |
NDAQ
| Market Services | $1.0B | 49% |
| Capital Access Platforms | $565.0M | 26% |
| Financial Technology | $517.0M | 24% |
| Other Revenues | $8.0M | 0% |
