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BGC Group, Inc.（BGC）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BGC Group, Inc.的1.8倍（$1.1B vs $638.6M），Martin Marietta Materials净利率更高（24.5% vs 2.3%，领先22.2%），BGC Group, Inc.同比增速更快（34.4% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $175.1M），过去两年BGC Group, Inc.的营收复合增速更高（18.7% vs -4.5%）
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
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。
BGC vs MLM — 直观对比
营收规模更大
MLM
是对方的1.8倍
$638.6M
营收增速更快
BGC
高出64.5%
-30.1%
净利率更高
MLM
高出22.2%
2.3%
自由现金流更多
MLM
多$248.9M
$175.1M
两年增速更快
BGC
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $638.6M | $1.1B |
| 净利润 | $14.4M | $279.0M |
| 毛利率 | — | 35.0% |
| 营业利润率 | 3.9% | 24.6% |
| 净利率 | 2.3% | 24.5% |
| 营收同比 | 34.4% | -30.1% |
| 净利润同比 | -43.0% | -4.8% |
| 每股收益（稀释后） | $0.03 | $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BGCMLM
| Q4 25 | $638.6M | $1.1B | ||
| Q3 25 | $620.8M | $1.8B | ||
| Q2 25 | $648.0M | $1.8B | ||
| Q1 25 | $534.6M | $1.4B | ||
| Q4 24 | $475.2M | $1.6B | ||
| Q3 24 | $448.9M | $1.9B | ||
| Q2 24 | $435.0M | $1.8B | ||
| Q1 24 | $453.6M | $1.3B |
净利润BGCMLM
| Q4 25 | $14.4M | $279.0M | ||
| Q3 25 | $27.9M | $414.0M | ||
| Q2 25 | $57.5M | $328.0M | ||
| Q1 25 | $55.2M | $116.0M | ||
| Q4 24 | $25.2M | $293.0M | ||
| Q3 24 | $14.7M | $363.0M | ||
| Q2 24 | $37.8M | $294.0M | ||
| Q1 24 | $49.2M | $1.0B |
毛利率BGCMLM
| 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BGCMLM
| Q4 25 | 3.9% | 24.6% | ||
| Q3 25 | 5.4% | 27.4% | ||
| Q2 25 | 11.6% | 25.3% | ||
| Q1 25 | 15.0% | 14.3% | ||
| Q4 24 | 5.7% | 24.4% | ||
| Q3 24 | 4.4% | 25.9% | ||
| Q2 24 | 12.7% | 22.6% | ||
| Q1 24 | 15.7% | — |
净利率BGCMLM
| Q4 25 | 2.3% | 24.5% | ||
| Q3 25 | 4.5% | 22.4% | ||
| Q2 25 | 8.9% | 18.1% | ||
| Q1 25 | 10.3% | 8.6% | ||
| Q4 24 | 5.3% | 18.0% | ||
| Q3 24 | 3.3% | 19.2% | ||
| Q2 24 | 8.7% | 16.7% | ||
| Q1 24 | 10.8% | 83.5% |
每股收益（稀释后）BGCMLM
| Q4 25 | $0.03 | $4.59 | ||
| Q3 25 | $0.06 | $6.85 | ||
| Q2 25 | $0.11 | $5.43 | ||
| Q1 25 | $0.11 | $1.90 | ||
| Q4 24 | $0.04 | $4.87 | ||
| Q3 24 | $0.03 | $5.91 | ||
| Q2 24 | $0.08 | $4.76 | ||
| Q1 24 | $0.10 | $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 | $851.5M | $67.0M |
| 总债务越低越好 | $1.5B | $5.3B |
| 股东权益账面价值 | $972.5M | $10.0B |
| 总资产 | $4.4B | $18.7B |
| 负债/权益比越低杠杆越低 | 1.58× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资BGCMLM
| Q4 25 | $851.5M | $67.0M | ||
| Q3 25 | $774.9M | $57.0M | ||
| Q2 25 | $827.8M | $225.0M | ||
| Q1 25 | $966.4M | $101.0M | ||
| Q4 24 | $711.6M | $670.0M | ||
| Q3 24 | $563.5M | $52.0M | ||
| Q2 24 | $571.7M | $109.0M | ||
| Q1 24 | $566.8M | $2.6B |
总债务BGCMLM
| Q4 25 | $1.5B | $5.3B | ||
| Q3 25 | $1.8B | $5.5B | ||
| Q2 25 | $1.8B | $5.4B | ||
| Q1 25 | $1.1B | $5.4B | ||
| Q4 24 | $1.1B | $5.4B | ||
| Q3 24 | $1.4B | $4.0B | ||
| Q2 24 | $1.4B | $4.3B | ||
| Q1 24 | $945.0M | $4.3B |
股东权益BGCMLM
| Q4 25 | $972.5M | $10.0B | ||
| Q3 25 | $965.3M | $9.7B | ||
| Q2 25 | $930.5M | $9.4B | ||
| Q1 25 | $963.8M | $9.1B | ||
| Q4 24 | $898.5M | $9.5B | ||
| Q3 24 | $860.1M | $9.2B | ||
| Q2 24 | $858.1M | $8.8B | ||
| Q1 24 | $912.1M | $8.9B |
总资产BGCMLM
| Q4 25 | $4.4B | $18.7B | ||
| Q3 25 | $5.8B | $18.7B | ||
| Q2 25 | $4.9B | $18.1B | ||
| Q1 25 | $4.9B | $17.7B | ||
| Q4 24 | $3.6B | $18.2B | ||
| Q3 24 | $4.4B | $16.5B | ||
| Q2 24 | $4.3B | $16.3B | ||
| Q1 24 | $4.4B | $16.2B |
负债/权益比BGCMLM
| Q4 25 | 1.58× | 0.53× | ||
| Q3 25 | 1.90× | 0.57× | ||
| Q2 25 | 1.97× | 0.58× | ||
| Q1 25 | 1.19× | 0.60× | ||
| Q4 24 | 1.27× | 0.57× | ||
| Q3 24 | 1.68× | 0.44× | ||
| Q2 24 | 1.68× | 0.49× | ||
| Q1 24 | 1.04× | 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 | $180.4M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $175.1M | $424.0M |
| 自由现金流率自由现金流/营收 | 27.4% | 37.2% |
| 资本支出强度资本支出/营收 | 0.8% | 18.0% |
| 现金转化率经营现金流/净利润 | 12.55× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $372.9M | $978.0M |
8季度趋势，按日历期对齐
经营现金流BGCMLM
| Q4 25 | $180.4M | $629.0M | ||
| Q3 25 | $141.9M | $551.0M | ||
| Q2 25 | $71.2M | $387.0M | ||
| Q1 25 | $839.0K | $218.0M | ||
| Q4 24 | $251.9M | $686.0M | ||
| Q3 24 | $88.3M | $600.0M | ||
| Q2 24 | $-53.0M | $1.0M | ||
| Q1 24 | $28.1M | $172.0M |
自由现金流BGCMLM
| Q4 25 | $175.1M | $424.0M | ||
| Q3 25 | $137.2M | $361.0M | ||
| Q2 25 | $65.0M | $208.0M | ||
| Q1 25 | $-4.4M | $-15.0M | ||
| Q4 24 | $245.6M | $453.0M | ||
| Q3 24 | $78.8M | $317.0M | ||
| Q2 24 | $-63.5M | $-138.0M | ||
| Q1 24 | $24.9M | $-28.0M |
自由现金流率BGCMLM
| Q4 25 | 27.4% | 37.2% | ||
| Q3 25 | 22.1% | 19.6% | ||
| Q2 25 | 10.0% | 11.5% | ||
| Q1 25 | -0.8% | -1.1% | ||
| Q4 24 | 51.7% | 27.8% | ||
| Q3 24 | 17.5% | 16.8% | ||
| Q2 24 | -14.6% | -7.8% | ||
| Q1 24 | 5.5% | -2.2% |
资本支出强度BGCMLM
| Q4 25 | 0.8% | 18.0% | ||
| Q3 25 | 0.8% | 10.3% | ||
| Q2 25 | 1.0% | 9.9% | ||
| Q1 25 | 1.0% | 17.2% | ||
| Q4 24 | 1.3% | 14.3% | ||
| Q3 24 | 2.1% | 15.0% | ||
| Q2 24 | 2.4% | 7.9% | ||
| Q1 24 | 0.7% | 16.0% |
现金转化率BGCMLM
| Q4 25 | 12.55× | 2.25× | ||
| Q3 25 | 5.09× | 1.33× | ||
| Q2 25 | 1.24× | 1.18× | ||
| Q1 25 | 0.02× | 1.88× | ||
| Q4 24 | 9.99× | 2.34× | ||
| Q3 24 | 5.99× | 1.65× | ||
| Q2 24 | -1.40× | 0.00× | ||
| Q1 24 | 0.57× | 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
BGC
| Commissions | $590.2M | 92% |
| Data Software And Post Trade | $36.7M | 6% |
| Fees From Related Parties | $4.6M | 1% |
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% |
