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EAGLE MATERIALS INC（EXP）与MSA Safety Inc（MSA）财务数据对比。点击上方公司名可切换其他公司
EAGLE MATERIALS INC的季度营收约是MSA Safety Inc的1.1倍（$556.0M vs $510.9M），EAGLE MATERIALS INC净利率更高（18.5% vs 17.0%，领先1.5%），MSA Safety Inc同比增速更快（2.2% vs -0.4%），MSA Safety Inc自由现金流更多（$106.0M vs $60.8M），过去两年MSA Safety Inc的营收复合增速更高（11.2% vs 8.0%）
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
EXP vs MSA — 直观对比
营收规模更大
EXP
是对方的1.1倍
$510.9M
营收增速更快
MSA
高出2.6%
-0.4%
净利率更高
EXP
高出1.5%
17.0%
自由现金流更多
MSA
多$45.3M
$60.8M
两年增速更快
MSA
近两年复合增速
8.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $556.0M | $510.9M |
| 净利润 | $102.9M | $86.9M |
| 毛利率 | 28.9% | 46.9% |
| 营业利润率 | — | 22.3% |
| 净利率 | 18.5% | 17.0% |
| 营收同比 | -0.4% | 2.2% |
| 净利润同比 | -13.9% | -1.2% |
| 每股收益（稀释后） | $3.22 | $2.22 |
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EXPMSA
| Q4 25 | $556.0M | $510.9M | ||
| Q3 25 | $638.9M | $468.4M | ||
| Q2 25 | $634.7M | $474.1M | ||
| Q1 25 | $470.2M | $421.3M | ||
| Q4 24 | $558.0M | $499.7M | ||
| Q3 24 | $623.6M | $432.7M | ||
| Q2 24 | $608.7M | $462.5M | ||
| Q1 24 | $476.7M | $413.3M |
净利润EXPMSA
| Q4 25 | $102.9M | $86.9M | ||
| Q3 25 | $137.4M | $69.6M | ||
| Q2 25 | $123.4M | $62.8M | ||
| Q1 25 | $66.5M | $59.6M | ||
| Q4 24 | $119.6M | $87.9M | ||
| Q3 24 | $143.5M | $66.6M | ||
| Q2 24 | $133.8M | $72.2M | ||
| Q1 24 | $77.1M | $58.1M |
毛利率EXPMSA
| Q4 25 | 28.9% | 46.9% | ||
| Q3 25 | 31.3% | 46.5% | ||
| Q2 25 | 29.2% | 46.6% | ||
| Q1 25 | 22.2% | 45.9% | ||
| Q4 24 | 31.9% | 46.9% | ||
| Q3 24 | 32.7% | 47.9% | ||
| Q2 24 | 30.7% | 48.2% | ||
| Q1 24 | 25.1% | 47.3% |
营业利润率EXPMSA
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | 20.1% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 18.5% | ||
| Q4 24 | 32.8% | 23.5% | ||
| Q3 24 | 34.2% | 21.1% | ||
| Q2 24 | 32.0% | 21.6% | ||
| Q1 24 | 26.9% | 19.4% |
净利率EXPMSA
| Q4 25 | 18.5% | 17.0% | ||
| Q3 25 | 21.5% | 14.9% | ||
| Q2 25 | 19.4% | 13.2% | ||
| Q1 25 | 14.1% | 14.1% | ||
| Q4 24 | 21.4% | 17.6% | ||
| Q3 24 | 23.0% | 15.4% | ||
| Q2 24 | 22.0% | 15.6% | ||
| Q1 24 | 16.2% | 14.1% |
每股收益（稀释后）EXPMSA
| Q4 25 | $3.22 | $2.22 | ||
| Q3 25 | $4.23 | $1.77 | ||
| Q2 25 | $3.76 | $1.59 | ||
| Q1 25 | $2.01 | $1.51 | ||
| Q4 24 | $3.56 | $2.22 | ||
| Q3 24 | $4.26 | $1.69 | ||
| Q2 24 | $3.94 | $1.83 | ||
| Q1 24 | $2.23 | $1.47 |
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 | $419.0M | $165.1M |
| 总债务越低越好 | — | $580.9M |
| 股东权益账面价值 | $1.5B | $1.4B |
| 总资产 | $3.8B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资EXPMSA
| Q4 25 | $419.0M | $165.1M | ||
| Q3 25 | $35.0M | $170.0M | ||
| Q2 25 | $59.7M | $147.0M | ||
| Q1 25 | $20.4M | $170.6M | ||
| Q4 24 | $31.2M | $164.6M | ||
| Q3 24 | $93.9M | $154.4M | ||
| Q2 24 | $46.5M | $146.8M | ||
| Q1 24 | $34.9M | $148.3M |
总债务EXPMSA
| Q4 25 | — | $580.9M | ||
| Q3 25 | — | $628.6M | ||
| Q2 25 | — | $679.3M | ||
| Q1 25 | $1.2B | $502.1M | ||
| Q4 24 | — | $508.0M | ||
| Q3 24 | — | $554.7M | ||
| Q2 24 | — | $588.2M | ||
| Q1 24 | $1.1B | $596.2M |
股东权益EXPMSA
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.0B | ||
| Q1 24 | $1.3B | $994.8M |
总资产EXPMSA
| Q4 25 | $3.8B | $2.6B | ||
| Q3 25 | $3.4B | $2.6B | ||
| Q2 25 | $3.4B | $2.6B | ||
| Q1 25 | $3.3B | $2.2B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $3.0B | $2.2B | ||
| Q1 24 | $2.9B | $2.2B |
负债/权益比EXPMSA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | 0.86× | 0.42× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | 0.84× | 0.60× |
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 | $170.8M | $122.4M |
| 自由现金流经营现金流 - 资本支出 | $60.8M | $106.0M |
| 自由现金流率自由现金流/营收 | 10.9% | 20.8% |
| 资本支出强度资本支出/营收 | 19.8% | 3.2% |
| 现金转化率经营现金流/净利润 | 1.66× | 1.41× |
| 过去12个月自由现金流最近4个季度 | $231.8M | $295.4M |
8季度趋势，按日历期对齐
经营现金流EXPMSA
| Q4 25 | $170.8M | $122.4M | ||
| Q3 25 | $204.6M | $112.5M | ||
| Q2 25 | $136.6M | $67.2M | ||
| Q1 25 | $62.8M | $61.8M | ||
| Q4 24 | $119.9M | $107.9M | ||
| Q3 24 | $233.3M | $84.3M | ||
| Q2 24 | $132.6M | $53.3M | ||
| Q1 24 | $63.4M | $50.9M |
自由现金流EXPMSA
| Q4 25 | $60.8M | $106.0M | ||
| Q3 25 | $96.1M | $100.5M | ||
| Q2 25 | $60.5M | $37.9M | ||
| Q1 25 | $14.5M | $51.0M | ||
| Q4 24 | $72.5M | $93.5M | ||
| Q3 24 | $166.8M | $70.1M | ||
| Q2 24 | $99.5M | $39.0M | ||
| Q1 24 | $30.9M | $39.7M |
自由现金流率EXPMSA
| Q4 25 | 10.9% | 20.8% | ||
| Q3 25 | 15.0% | 21.4% | ||
| Q2 25 | 9.5% | 8.0% | ||
| Q1 25 | 3.1% | 12.1% | ||
| Q4 24 | 13.0% | 18.7% | ||
| Q3 24 | 26.7% | 16.2% | ||
| Q2 24 | 16.3% | 8.4% | ||
| Q1 24 | 6.5% | 9.6% |
资本支出强度EXPMSA
| Q4 25 | 19.8% | 3.2% | ||
| Q3 25 | 17.0% | 2.6% | ||
| Q2 25 | 12.0% | 6.2% | ||
| Q1 25 | 10.3% | 2.6% | ||
| Q4 24 | 8.5% | 2.9% | ||
| Q3 24 | 10.7% | 3.3% | ||
| Q2 24 | 5.4% | 3.1% | ||
| Q1 24 | 6.8% | 2.7% |
现金转化率EXPMSA
| Q4 25 | 1.66× | 1.41× | ||
| Q3 25 | 1.49× | 1.62× | ||
| Q2 25 | 1.11× | 1.07× | ||
| Q1 25 | 0.94× | 1.04× | ||
| Q4 24 | 1.00× | 1.23× | ||
| Q3 24 | 1.63× | 1.27× | ||
| Q2 24 | 0.99× | 0.74× | ||
| Q1 24 | 0.82× | 0.88× |
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
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
