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AvalonBay Communities（AVB）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AvalonBay Communities的1.5倍（$1.1B vs $767.9M），AvalonBay Communities净利率更高（9040.6% vs 24.5%，领先9016.1%），AvalonBay Communities同比增速更快（3.7% vs -30.1%），AvalonBay Communities自由现金流更多（$1.4B vs $424.0M），过去两年AvalonBay Communities的营收复合增速更高（3.8% vs -4.5%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
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。
AVB vs MLM — 直观对比
营收规模更大
MLM
是对方的1.5倍
$767.9M
营收增速更快
AVB
高出33.8%
-30.1%
净利率更高
AVB
高出9016.1%
24.5%
自由现金流更多
AVB
多$985.3M
$424.0M
两年增速更快
AVB
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $1.1B |
| 净利润 | $166.0M | $279.0M |
| 毛利率 | — | 35.0% |
| 营业利润率 | 64.2% | 24.6% |
| 净利率 | 9040.6% | 24.5% |
| 营收同比 | 3.7% | -30.1% |
| 净利润同比 | -41.2% | -4.8% |
| 每股收益（稀释后） | $1.18 | $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AVBMLM
| Q4 25 | $767.9M | $1.1B | ||
| Q3 25 | $766.8M | $1.8B | ||
| Q2 25 | $760.2M | $1.8B | ||
| Q1 25 | $745.9M | $1.4B | ||
| Q4 24 | $740.5M | $1.6B | ||
| Q3 24 | $734.3M | $1.9B | ||
| Q2 24 | $726.0M | $1.8B | ||
| Q1 24 | $712.9M | $1.3B |
净利润AVBMLM
| Q4 25 | $166.0M | $279.0M | ||
| Q3 25 | $381.3M | $414.0M | ||
| Q2 25 | $268.7M | $328.0M | ||
| Q1 25 | $236.6M | $116.0M | ||
| Q4 24 | $282.1M | $293.0M | ||
| Q3 24 | $372.5M | $363.0M | ||
| Q2 24 | $253.9M | $294.0M | ||
| Q1 24 | $173.4M | $1.0B |
毛利率AVBMLM
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 33.1% | ||
| Q2 25 | — | 30.0% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 29.3% | ||
| Q1 24 | — | 21.7% |
营业利润率AVBMLM
| Q4 25 | 64.2% | 24.6% | ||
| Q3 25 | 65.7% | 27.4% | ||
| Q2 25 | 67.6% | 25.3% | ||
| Q1 25 | 68.5% | 14.3% | ||
| Q4 24 | 63.1% | 24.4% | ||
| Q3 24 | 65.4% | 25.9% | ||
| Q2 24 | 66.6% | 22.6% | ||
| Q1 24 | 67.2% | — |
净利率AVBMLM
| Q4 25 | 9040.6% | 24.5% | ||
| Q3 25 | 49.7% | 22.4% | ||
| Q2 25 | 35.3% | 18.1% | ||
| Q1 25 | 31.7% | 8.6% | ||
| Q4 24 | 38.1% | 18.0% | ||
| Q3 24 | 50.7% | 19.2% | ||
| Q2 24 | 35.0% | 16.7% | ||
| Q1 24 | 24.3% | 83.5% |
每股收益（稀释后）AVBMLM
| Q4 25 | $1.18 | $4.59 | ||
| Q3 25 | $2.68 | $6.85 | ||
| Q2 25 | $1.88 | $5.43 | ||
| Q1 25 | $1.66 | $1.90 | ||
| Q4 24 | $1.99 | $4.87 | ||
| Q3 24 | $2.61 | $5.91 | ||
| Q2 24 | $1.78 | $4.76 | ||
| Q1 24 | $1.22 | $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 | $187.2M | $67.0M |
| 总债务越低越好 | $9.3B | $5.3B |
| 股东权益账面价值 | $11.6B | $10.0B |
| 总资产 | $22.2B | $18.7B |
| 负债/权益比越低杠杆越低 | 0.80× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资AVBMLM
| Q4 25 | $187.2M | $67.0M | ||
| Q3 25 | $123.3M | $57.0M | ||
| Q2 25 | $102.8M | $225.0M | ||
| Q1 25 | $53.3M | $101.0M | ||
| Q4 24 | $108.6M | $670.0M | ||
| Q3 24 | $552.4M | $52.0M | ||
| Q2 24 | $545.8M | $109.0M | ||
| Q1 24 | $287.9M | $2.6B |
总债务AVBMLM
| Q4 25 | $9.3B | $5.3B | ||
| Q3 25 | $8.7B | $5.5B | ||
| Q2 25 | $8.7B | $5.4B | ||
| Q1 25 | $8.3B | $5.4B | ||
| Q4 24 | $8.1B | $5.4B | ||
| Q3 24 | $8.4B | $4.0B | ||
| Q2 24 | $8.4B | $4.3B | ||
| Q1 24 | $8.0B | $4.3B |
股东权益AVBMLM
| Q4 25 | $11.6B | $10.0B | ||
| Q3 25 | $11.9B | $9.7B | ||
| Q2 25 | $11.9B | $9.4B | ||
| Q1 25 | $11.9B | $9.1B | ||
| Q4 24 | $11.9B | $9.5B | ||
| Q3 24 | $11.9B | $9.2B | ||
| Q2 24 | $11.7B | $8.8B | ||
| Q1 24 | $11.7B | $8.9B |
总资产AVBMLM
| Q4 25 | $22.2B | $18.7B | ||
| Q3 25 | $21.9B | $18.7B | ||
| Q2 25 | $21.8B | $18.1B | ||
| Q1 25 | $21.2B | $17.7B | ||
| Q4 24 | $21.0B | $18.2B | ||
| Q3 24 | $21.3B | $16.5B | ||
| Q2 24 | $21.0B | $16.3B | ||
| Q1 24 | $20.6B | $16.2B |
负债/权益比AVBMLM
| Q4 25 | 0.80× | 0.53× | ||
| Q3 25 | 0.73× | 0.57× | ||
| Q2 25 | 0.72× | 0.58× | ||
| Q1 25 | 0.70× | 0.60× | ||
| Q4 24 | 0.68× | 0.57× | ||
| Q3 24 | 0.70× | 0.44× | ||
| Q2 24 | 0.71× | 0.49× | ||
| Q1 24 | 0.68× | 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 | $1.7B | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $424.0M |
| 自由现金流率自由现金流/营收 | 183.5% | 37.2% |
| 资本支出强度资本支出/营收 | 34.1% | 18.0% |
| 现金转化率经营现金流/净利润 | 10.07× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $978.0M |
8季度趋势，按日历期对齐
经营现金流AVBMLM
| Q4 25 | $1.7B | $629.0M | ||
| Q3 25 | $477.0M | $551.0M | ||
| Q2 25 | $377.8M | $387.0M | ||
| Q1 25 | $415.9M | $218.0M | ||
| Q4 24 | $1.6B | $686.0M | ||
| Q3 24 | $486.2M | $600.0M | ||
| Q2 24 | $380.0M | $1.0M | ||
| Q1 24 | $412.9M | $172.0M |
自由现金流AVBMLM
| Q4 25 | $1.4B | $424.0M | ||
| Q3 25 | $402.2M | $361.0M | ||
| Q2 25 | $317.1M | $208.0M | ||
| Q1 25 | $367.5M | $-15.0M | ||
| Q4 24 | $1.4B | $453.0M | ||
| Q3 24 | $434.2M | $317.0M | ||
| Q2 24 | $333.0M | $-138.0M | ||
| Q1 24 | $375.4M | $-28.0M |
自由现金流率AVBMLM
| Q4 25 | 183.5% | 37.2% | ||
| Q3 25 | 52.5% | 19.6% | ||
| Q2 25 | 41.7% | 11.5% | ||
| Q1 25 | 49.3% | -1.1% | ||
| Q4 24 | 191.0% | 27.8% | ||
| Q3 24 | 59.1% | 16.8% | ||
| Q2 24 | 45.9% | -7.8% | ||
| Q1 24 | 52.7% | -2.2% |
资本支出强度AVBMLM
| Q4 25 | 34.1% | 18.0% | ||
| Q3 25 | 9.8% | 10.3% | ||
| Q2 25 | 8.0% | 9.9% | ||
| Q1 25 | 6.5% | 17.2% | ||
| Q4 24 | 26.1% | 14.3% | ||
| Q3 24 | 7.1% | 15.0% | ||
| Q2 24 | 6.5% | 7.9% | ||
| Q1 24 | 5.3% | 16.0% |
现金转化率AVBMLM
| Q4 25 | 10.07× | 2.25× | ||
| Q3 25 | 1.25× | 1.33× | ||
| Q2 25 | 1.41× | 1.18× | ||
| Q1 25 | 1.76× | 1.88× | ||
| Q4 24 | 5.70× | 2.34× | ||
| Q3 24 | 1.31× | 1.65× | ||
| Q2 24 | 1.50× | 0.00× | ||
| Q1 24 | 2.38× | 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
AVB
暂无分部数据
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% |
