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AMERICOLD REALTY TRUST（COLD）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AMERICOLD REALTY TRUST的1.8倍（$1.1B vs $643.1M），Martin Marietta Materials净利率更高（24.5% vs -13.7%，领先38.2%），AMERICOLD REALTY TRUST同比增速更快（-0.7% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $-12.2M），过去两年AMERICOLD REALTY TRUST的营收复合增速更高（-0.6% vs -4.5%）
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
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。
COLD vs MLM — 直观对比
营收规模更大
MLM
是对方的1.8倍
$643.1M
营收增速更快
COLD
高出29.5%
-30.1%
净利率更高
MLM
高出38.2%
-13.7%
自由现金流更多
MLM
多$436.2M
$-12.2M
两年增速更快
COLD
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $1.1B |
| 净利润 | $-88.3M | $279.0M |
| 毛利率 | 31.3% | 35.0% |
| 营业利润率 | -10.8% | 24.6% |
| 净利率 | -13.7% | 24.5% |
| 营收同比 | -0.7% | -30.1% |
| 净利润同比 | -143.9% | -4.8% |
| 每股收益（稀释后） | $-0.31 | $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COLDMLM
| Q4 25 | $643.1M | $1.1B | ||
| Q3 25 | $649.0M | $1.8B | ||
| Q2 25 | $635.1M | $1.8B | ||
| Q1 25 | $613.7M | $1.4B | ||
| Q4 24 | $647.4M | $1.6B | ||
| Q3 24 | $660.4M | $1.9B | ||
| Q2 24 | $645.6M | $1.8B | ||
| Q1 24 | $651.4M | $1.3B |
净利润COLDMLM
| Q4 25 | $-88.3M | $279.0M | ||
| Q3 25 | $-11.4M | $414.0M | ||
| Q2 25 | $1.5M | $328.0M | ||
| Q1 25 | $-16.4M | $116.0M | ||
| Q4 24 | $-36.2M | $293.0M | ||
| Q3 24 | $-3.7M | $363.0M | ||
| Q2 24 | $-64.1M | $294.0M | ||
| Q1 24 | $9.7M | $1.0B |
毛利率COLDMLM
| Q4 25 | 31.3% | 35.0% | ||
| Q3 25 | 29.3% | 33.1% | ||
| Q2 25 | 30.9% | 30.0% | ||
| Q1 25 | 31.1% | 24.8% | ||
| Q4 24 | 29.7% | 30.0% | ||
| Q3 24 | 29.6% | 31.7% | ||
| Q2 24 | 31.0% | 29.3% | ||
| Q1 24 | 30.3% | 21.7% |
营业利润率COLDMLM
| Q4 25 | -10.8% | 24.6% | ||
| Q3 25 | 2.6% | 27.4% | ||
| Q2 25 | 5.9% | 25.3% | ||
| Q1 25 | 3.6% | 14.3% | ||
| Q4 24 | -1.8% | 24.4% | ||
| Q3 24 | 4.6% | 25.9% | ||
| Q2 24 | 9.8% | 22.6% | ||
| Q1 24 | 6.4% | — |
净利率COLDMLM
| Q4 25 | -13.7% | 24.5% | ||
| Q3 25 | -1.8% | 22.4% | ||
| Q2 25 | 0.2% | 18.1% | ||
| Q1 25 | -2.7% | 8.6% | ||
| Q4 24 | -5.6% | 18.0% | ||
| Q3 24 | -0.6% | 19.2% | ||
| Q2 24 | -9.9% | 16.7% | ||
| Q1 24 | 1.5% | 83.5% |
每股收益（稀释后）COLDMLM
| Q4 25 | $-0.31 | $4.59 | ||
| Q3 25 | $-0.04 | $6.85 | ||
| Q2 25 | $0.01 | $5.43 | ||
| Q1 25 | $-0.06 | $1.90 | ||
| Q4 24 | $-0.12 | $4.87 | ||
| Q3 24 | $-0.01 | $5.91 | ||
| Q2 24 | $-0.23 | $4.76 | ||
| Q1 24 | $0.03 | $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 | $136.9M | $67.0M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $2.9B | $10.0B |
| 总资产 | $8.1B | $18.7B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资COLDMLM
| Q4 25 | $136.9M | $67.0M | ||
| Q3 25 | $33.3M | $57.0M | ||
| Q2 25 | $101.4M | $225.0M | ||
| Q1 25 | $38.9M | $101.0M | ||
| Q4 24 | $47.7M | $670.0M | ||
| Q3 24 | $61.3M | $52.0M | ||
| Q2 24 | $44.2M | $109.0M | ||
| Q1 24 | $59.2M | $2.6B |
总债务COLDMLM
| Q4 25 | — | $5.3B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
股东权益COLDMLM
| Q4 25 | $2.9B | $10.0B | ||
| Q3 25 | $3.0B | $9.7B | ||
| Q2 25 | $3.1B | $9.4B | ||
| Q1 25 | $3.2B | $9.1B | ||
| Q4 24 | $3.3B | $9.5B | ||
| Q3 24 | $3.4B | $9.2B | ||
| Q2 24 | $3.4B | $8.8B | ||
| Q1 24 | $3.6B | $8.9B |
总资产COLDMLM
| Q4 25 | $8.1B | $18.7B | ||
| Q3 25 | $8.1B | $18.7B | ||
| Q2 25 | $8.1B | $18.1B | ||
| Q1 25 | $7.8B | $17.7B | ||
| Q4 24 | $7.7B | $18.2B | ||
| Q3 24 | $7.9B | $16.5B | ||
| Q2 24 | $7.8B | $16.3B | ||
| Q1 24 | $7.8B | $16.2B |
负债/权益比COLDMLM
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | — | 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 | $130.2M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $424.0M |
| 自由现金流率自由现金流/营收 | -1.9% | 37.2% |
| 资本支出强度资本支出/营收 | 22.1% | 18.0% |
| 现金转化率经营现金流/净利润 | — | 2.25× |
| 过去12个月自由现金流最近4个季度 | $-217.2M | $978.0M |
8季度趋势，按日历期对齐
经营现金流COLDMLM
| Q4 25 | $130.2M | $629.0M | ||
| Q3 25 | $78.9M | $551.0M | ||
| Q2 25 | $120.3M | $387.0M | ||
| Q1 25 | $30.2M | $218.0M | ||
| Q4 24 | $162.6M | $686.0M | ||
| Q3 24 | $50.6M | $600.0M | ||
| Q2 24 | $136.7M | $1.0M | ||
| Q1 24 | $62.0M | $172.0M |
自由现金流COLDMLM
| Q4 25 | $-12.2M | $424.0M | ||
| Q3 25 | $-65.4M | $361.0M | ||
| Q2 25 | $-57.4M | $208.0M | ||
| Q1 25 | $-82.3M | $-15.0M | ||
| Q4 24 | $57.4M | $453.0M | ||
| Q3 24 | $-44.5M | $317.0M | ||
| Q2 24 | $73.3M | $-138.0M | ||
| Q1 24 | $16.2M | $-28.0M |
自由现金流率COLDMLM
| Q4 25 | -1.9% | 37.2% | ||
| Q3 25 | -10.1% | 19.6% | ||
| Q2 25 | -9.0% | 11.5% | ||
| Q1 25 | -13.4% | -1.1% | ||
| Q4 24 | 8.9% | 27.8% | ||
| Q3 24 | -6.7% | 16.8% | ||
| Q2 24 | 11.4% | -7.8% | ||
| Q1 24 | 2.5% | -2.2% |
资本支出强度COLDMLM
| Q4 25 | 22.1% | 18.0% | ||
| Q3 25 | 22.2% | 10.3% | ||
| Q2 25 | 28.0% | 9.9% | ||
| Q1 25 | 18.3% | 17.2% | ||
| Q4 24 | 16.3% | 14.3% | ||
| Q3 24 | 14.4% | 15.0% | ||
| Q2 24 | 9.8% | 7.9% | ||
| Q1 24 | 7.0% | 16.0% |
现金转化率COLDMLM
| Q4 25 | — | 2.25× | ||
| Q3 25 | — | 1.33× | ||
| Q2 25 | 78.18× | 1.18× | ||
| Q1 25 | — | 1.88× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | 6.36× | 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
COLD
| Warehouse Services | $269.0M | 42% |
| Warehouse Rent And Storage | $199.9M | 31% |
| Other Facilities Costs | $60.0M | 9% |
| Transportation Segment | $48.3M | 8% |
| Power | $34.7M | 5% |
| Transportation | $22.0M | 3% |
| Third Party Managed Segment | $9.5M | 1% |
| Third Party Managed | $2.4M | 0% |
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% |
