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艾仕得（AXTA）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
艾仕得的季度营收约是Martin Marietta Materials的1.1倍（$1.3B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 4.8%，领先19.7%），艾仕得同比增速更快（-3.7% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $286.0M），过去两年艾仕得的营收复合增速更高（-1.2% vs -4.5%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
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。
AXTA vs MLM — 直观对比
营收规模更大
AXTA
是对方的1.1倍
$1.1B
营收增速更快
AXTA
高出26.4%
-30.1%
净利率更高
MLM
高出19.7%
4.8%
自由现金流更多
MLM
多$138.0M
$286.0M
两年增速更快
AXTA
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.1B |
| 净利润 | $60.0M | $279.0M |
| 毛利率 | 33.4% | 35.0% |
| 营业利润率 | 12.8% | 24.6% |
| 净利率 | 4.8% | 24.5% |
| 营收同比 | -3.7% | -30.1% |
| 净利润同比 | -56.2% | -4.8% |
| 每股收益（稀释后） | $0.28 | $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AXTAMLM
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.3B | $1.9B | ||
| Q2 24 | $1.4B | $1.8B | ||
| Q1 24 | $1.3B | $1.3B |
净利润AXTAMLM
| Q4 25 | $60.0M | $279.0M | ||
| Q3 25 | $110.0M | $414.0M | ||
| Q2 25 | $109.0M | $328.0M | ||
| Q1 25 | $99.0M | $116.0M | ||
| Q4 24 | $137.0M | $293.0M | ||
| Q3 24 | $101.0M | $363.0M | ||
| Q2 24 | $112.0M | $294.0M | ||
| Q1 24 | $41.0M | $1.0B |
毛利率AXTAMLM
| Q4 25 | 33.4% | 35.0% | ||
| Q3 25 | 34.9% | 33.1% | ||
| Q2 25 | 35.0% | 30.0% | ||
| Q1 25 | 34.3% | 24.8% | ||
| Q4 24 | 34.1% | 30.0% | ||
| Q3 24 | 35.0% | 31.7% | ||
| Q2 24 | 34.0% | 29.3% | ||
| Q1 24 | 33.2% | 21.7% |
营业利润率AXTAMLM
| Q4 25 | 12.8% | 24.6% | ||
| Q3 25 | 15.8% | 27.4% | ||
| Q2 25 | 14.8% | 25.3% | ||
| Q1 25 | 13.9% | 14.3% | ||
| Q4 24 | 14.3% | 24.4% | ||
| Q3 24 | 14.6% | 25.9% | ||
| Q2 24 | 15.2% | 22.6% | ||
| Q1 24 | 9.4% | — |
净利率AXTAMLM
| Q4 25 | 4.8% | 24.5% | ||
| Q3 25 | 8.5% | 22.4% | ||
| Q2 25 | 8.4% | 18.1% | ||
| Q1 25 | 7.8% | 8.6% | ||
| Q4 24 | 10.5% | 18.0% | ||
| Q3 24 | 7.7% | 19.2% | ||
| Q2 24 | 8.3% | 16.7% | ||
| Q1 24 | 3.2% | 83.5% |
每股收益（稀释后）AXTAMLM
| Q4 25 | $0.28 | $4.59 | ||
| Q3 25 | $0.51 | $6.85 | ||
| Q2 25 | $0.50 | $5.43 | ||
| Q1 25 | $0.45 | $1.90 | ||
| Q4 24 | $0.63 | $4.87 | ||
| Q3 24 | $0.46 | $5.91 | ||
| Q2 24 | $0.51 | $4.76 | ||
| Q1 24 | $0.18 | $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 | $657.0M | $67.0M |
| 总债务越低越好 | $3.2B | $5.3B |
| 股东权益账面价值 | $2.3B | $10.0B |
| 总资产 | $7.6B | $18.7B |
| 负债/权益比越低杠杆越低 | 1.36× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资AXTAMLM
| Q4 25 | $657.0M | $67.0M | ||
| Q3 25 | $606.0M | $57.0M | ||
| Q2 25 | $625.0M | $225.0M | ||
| Q1 25 | $575.0M | $101.0M | ||
| Q4 24 | $593.0M | $670.0M | ||
| Q3 24 | $567.0M | $52.0M | ||
| Q2 24 | $840.0M | $109.0M | ||
| Q1 24 | $624.0M | $2.6B |
总债务AXTAMLM
| Q4 25 | $3.2B | $5.3B | ||
| Q3 25 | $3.4B | $5.5B | ||
| Q2 25 | $3.4B | $5.4B | ||
| Q1 25 | $3.4B | $5.4B | ||
| Q4 24 | $3.4B | $5.4B | ||
| Q3 24 | $3.5B | $4.0B | ||
| Q2 24 | $3.6B | $4.3B | ||
| Q1 24 | $3.4B | $4.3B |
股东权益AXTAMLM
| Q4 25 | $2.3B | $10.0B | ||
| Q3 25 | $2.3B | $9.7B | ||
| Q2 25 | $2.3B | $9.4B | ||
| Q1 25 | $2.1B | $9.1B | ||
| Q4 24 | $1.9B | $9.5B | ||
| Q3 24 | $1.9B | $9.2B | ||
| Q2 24 | $1.8B | $8.8B | ||
| Q1 24 | $1.7B | $8.9B |
总资产AXTAMLM
| Q4 25 | $7.6B | $18.7B | ||
| Q3 25 | $7.8B | $18.7B | ||
| Q2 25 | $7.8B | $18.1B | ||
| Q1 25 | $7.4B | $17.7B | ||
| Q4 24 | $7.2B | $18.2B | ||
| Q3 24 | $7.5B | $16.5B | ||
| Q2 24 | $7.3B | $16.3B | ||
| Q1 24 | $7.1B | $16.2B |
负债/权益比AXTAMLM
| Q4 25 | 1.36× | 0.53× | ||
| Q3 25 | 1.48× | 0.57× | ||
| Q2 25 | 1.50× | 0.58× | ||
| Q1 25 | 1.64× | 0.60× | ||
| Q4 24 | 1.78× | 0.57× | ||
| Q3 24 | 1.84× | 0.44× | ||
| Q2 24 | 2.02× | 0.49× | ||
| Q1 24 | 1.97× | 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 | $344.0M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $424.0M |
| 自由现金流率自由现金流/营收 | 22.7% | 37.2% |
| 资本支出强度资本支出/营收 | 4.6% | 18.0% |
| 现金转化率经营现金流/净利润 | 5.73× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $453.0M | $978.0M |
8季度趋势，按日历期对齐
经营现金流AXTAMLM
| Q4 25 | $344.0M | $629.0M | ||
| Q3 25 | $137.0M | $551.0M | ||
| Q2 25 | $142.0M | $387.0M | ||
| Q1 25 | $26.0M | $218.0M | ||
| Q4 24 | $234.0M | $686.0M | ||
| Q3 24 | $194.0M | $600.0M | ||
| Q2 24 | $114.0M | $1.0M | ||
| Q1 24 | $34.0M | $172.0M |
自由现金流AXTAMLM
| Q4 25 | $286.0M | $424.0M | ||
| Q3 25 | $87.0M | $361.0M | ||
| Q2 25 | $97.0M | $208.0M | ||
| Q1 25 | $-17.0M | $-15.0M | ||
| Q4 24 | $172.0M | $453.0M | ||
| Q3 24 | $161.0M | $317.0M | ||
| Q2 24 | $91.0M | $-138.0M | ||
| Q1 24 | $12.0M | $-28.0M |
自由现金流率AXTAMLM
| Q4 25 | 22.7% | 37.2% | ||
| Q3 25 | 6.8% | 19.6% | ||
| Q2 25 | 7.4% | 11.5% | ||
| Q1 25 | -1.3% | -1.1% | ||
| Q4 24 | 13.1% | 27.8% | ||
| Q3 24 | 12.2% | 16.8% | ||
| Q2 24 | 6.7% | -7.8% | ||
| Q1 24 | 0.9% | -2.2% |
资本支出强度AXTAMLM
| Q4 25 | 4.6% | 18.0% | ||
| Q3 25 | 3.9% | 10.3% | ||
| Q2 25 | 3.4% | 9.9% | ||
| Q1 25 | 3.4% | 17.2% | ||
| Q4 24 | 4.7% | 14.3% | ||
| Q3 24 | 2.5% | 15.0% | ||
| Q2 24 | 1.7% | 7.9% | ||
| Q1 24 | 1.7% | 16.0% |
现金转化率AXTAMLM
| Q4 25 | 5.73× | 2.25× | ||
| Q3 25 | 1.25× | 1.33× | ||
| Q2 25 | 1.30× | 1.18× | ||
| Q1 25 | 0.26× | 1.88× | ||
| Q4 24 | 1.71× | 2.34× | ||
| Q3 24 | 1.92× | 1.65× | ||
| Q2 24 | 1.02× | 0.00× | ||
| Q1 24 | 0.83× | 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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
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% |
