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EAGLE MATERIALS INC（EXP）与罗塞塔石碑（STEP）财务数据对比。点击上方公司名可切换其他公司
罗塞塔石碑的季度营收约是EAGLE MATERIALS INC的1.1倍（$586.5M vs $556.0M），EAGLE MATERIALS INC净利率更高（18.5% vs -21.0%，领先39.6%），罗塞塔石碑同比增速更快（73.0% vs -0.4%），EAGLE MATERIALS INC自由现金流更多（$60.8M vs $26.7M），过去两年罗塞塔石碑的营收复合增速更高（28.2% 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。
罗塞塔石碑是美国教育科技软件企业，开发语言学习、读写能力提升及脑训练类软件，旗下语言学习产品知名度极高。2013年公司收购Livemocha、Lexia Learning等品牌拓展教育科技业务矩阵，2021年正式成为IXL Learning的子公司。
EXP vs STEP — 直观对比
营收规模更大
STEP
是对方的1.1倍
$556.0M
营收增速更快
STEP
高出73.4%
-0.4%
净利率更高
EXP
高出39.6%
-21.0%
自由现金流更多
EXP
多$34.0M
$26.7M
两年增速更快
STEP
近两年复合增速
8.0%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $556.0M | $586.5M |
| 净利润 | $102.9M | $-123.5M |
| 毛利率 | 28.9% | — |
| 营业利润率 | — | -33.2% |
| 净利率 | 18.5% | -21.0% |
| 营收同比 | -0.4% | 73.0% |
| 净利润同比 | -13.9% | 35.7% |
| 每股收益（稀释后） | $3.22 | $-1.55 |
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EXPSTEP
| Q4 25 | $556.0M | $586.5M | ||
| Q3 25 | $638.9M | $454.2M | ||
| Q2 25 | $634.7M | $364.3M | ||
| Q1 25 | $470.2M | $377.7M | ||
| Q4 24 | $558.0M | $339.0M | ||
| Q3 24 | $623.6M | $271.7M | ||
| Q2 24 | $608.7M | $186.4M | ||
| Q1 24 | $476.7M | $356.8M |
净利润EXPSTEP
| Q4 25 | $102.9M | $-123.5M | ||
| Q3 25 | $137.4M | $-366.1M | ||
| Q2 25 | $123.4M | $-38.4M | ||
| Q1 25 | $66.5M | $-18.5M | ||
| Q4 24 | $119.6M | $-192.0M | ||
| Q3 24 | $143.5M | $17.6M | ||
| Q2 24 | $133.8M | $13.3M | ||
| Q1 24 | $77.1M | $30.8M |
毛利率EXPSTEP
| Q4 25 | 28.9% | — | ||
| Q3 25 | 31.3% | — | ||
| Q2 25 | 29.2% | — | ||
| Q1 25 | 22.2% | — | ||
| Q4 24 | 31.9% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 30.7% | — | ||
| Q1 24 | 25.1% | — |
营业利润率EXPSTEP
| Q4 25 | — | -33.2% | ||
| Q3 25 | — | -148.8% | ||
| Q2 25 | — | -5.6% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | 32.8% | -101.7% | ||
| Q3 24 | 34.2% | 21.3% | ||
| Q2 24 | 32.0% | 29.4% | ||
| Q1 24 | 26.9% | 26.5% |
净利率EXPSTEP
| Q4 25 | 18.5% | -21.0% | ||
| Q3 25 | 21.5% | -80.6% | ||
| Q2 25 | 19.4% | -10.5% | ||
| Q1 25 | 14.1% | -4.9% | ||
| Q4 24 | 21.4% | -56.6% | ||
| Q3 24 | 23.0% | 6.5% | ||
| Q2 24 | 22.0% | 7.2% | ||
| Q1 24 | 16.2% | 8.6% |
每股收益（稀释后）EXPSTEP
| Q4 25 | $3.22 | $-1.55 | ||
| Q3 25 | $4.23 | $-4.66 | ||
| Q2 25 | $3.76 | $-0.49 | ||
| Q1 25 | $2.01 | $-0.37 | ||
| Q4 24 | $3.56 | $-2.61 | ||
| Q3 24 | $4.26 | $0.26 | ||
| Q2 24 | $3.94 | $0.20 | ||
| Q1 24 | $2.23 | $0.47 |
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 | — |
| 总债务越低越好 | — | $270.2M |
| 股东权益账面价值 | $1.5B | $-378.8M |
| 总资产 | $3.8B | $5.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资EXPSTEP
| Q4 25 | $419.0M | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $59.7M | — | ||
| Q1 25 | $20.4M | — | ||
| Q4 24 | $31.2M | — | ||
| Q3 24 | $93.9M | — | ||
| Q2 24 | $46.5M | — | ||
| Q1 24 | $34.9M | — |
总债务EXPSTEP
| Q4 25 | — | $270.2M | ||
| Q3 25 | — | $269.9M | ||
| Q2 25 | — | $269.6M | ||
| Q1 25 | $1.2B | $269.3M | ||
| Q4 24 | — | $168.9M | ||
| Q3 24 | — | $172.3M | ||
| Q2 24 | — | $172.1M | ||
| Q1 24 | $1.1B | $148.8M |
股东权益EXPSTEP
| Q4 25 | $1.5B | $-378.8M | ||
| Q3 25 | $1.5B | $-233.5M | ||
| Q2 25 | $1.5B | $153.9M | ||
| Q1 25 | $1.5B | $179.4M | ||
| Q4 24 | $1.5B | $209.8M | ||
| Q3 24 | $1.4B | $397.5M | ||
| Q2 24 | $1.4B | $366.9M | ||
| Q1 24 | $1.3B | $324.5M |
总资产EXPSTEP
| Q4 25 | $3.8B | $5.2B | ||
| Q3 25 | $3.4B | $5.3B | ||
| Q2 25 | $3.4B | $4.8B | ||
| Q1 25 | $3.3B | $4.6B | ||
| Q4 24 | $3.0B | $4.3B | ||
| Q3 24 | $3.1B | $4.0B | ||
| Q2 24 | $3.0B | $3.8B | ||
| Q1 24 | $2.9B | $3.8B |
负债/权益比EXPSTEP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | 0.86× | 1.50× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | 0.84× | 0.46× |
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 | $27.2M |
| 自由现金流经营现金流 - 资本支出 | $60.8M | $26.7M |
| 自由现金流率自由现金流/营收 | 10.9% | 4.6% |
| 资本支出强度资本支出/营收 | 19.8% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.66× | — |
| 过去12个月自由现金流最近4个季度 | $231.8M | $18.6M |
8季度趋势，按日历期对齐
经营现金流EXPSTEP
| Q4 25 | $170.8M | $27.2M | ||
| Q3 25 | $204.6M | $16.2M | ||
| Q2 25 | $136.6M | $46.3M | ||
| Q1 25 | $62.8M | $-66.5M | ||
| Q4 24 | $119.9M | $27.6M | ||
| Q3 24 | $233.3M | $53.7M | ||
| Q2 24 | $132.6M | $50.2M | ||
| Q1 24 | $63.4M | $7.6M |
自由现金流EXPSTEP
| Q4 25 | $60.8M | $26.7M | ||
| Q3 25 | $96.1M | $15.9M | ||
| Q2 25 | $60.5M | $45.2M | ||
| Q1 25 | $14.5M | $-69.2M | ||
| Q4 24 | $72.5M | $27.0M | ||
| Q3 24 | $166.8M | $52.4M | ||
| Q2 24 | $99.5M | $49.6M | ||
| Q1 24 | $30.9M | $6.7M |
自由现金流率EXPSTEP
| Q4 25 | 10.9% | 4.6% | ||
| Q3 25 | 15.0% | 3.5% | ||
| Q2 25 | 9.5% | 12.4% | ||
| Q1 25 | 3.1% | -18.3% | ||
| Q4 24 | 13.0% | 8.0% | ||
| Q3 24 | 26.7% | 19.3% | ||
| Q2 24 | 16.3% | 26.6% | ||
| Q1 24 | 6.5% | 1.9% |
资本支出强度EXPSTEP
| Q4 25 | 19.8% | 0.1% | ||
| Q3 25 | 17.0% | 0.1% | ||
| Q2 25 | 12.0% | 0.3% | ||
| Q1 25 | 10.3% | 0.7% | ||
| Q4 24 | 8.5% | 0.2% | ||
| Q3 24 | 10.7% | 0.5% | ||
| Q2 24 | 5.4% | 0.3% | ||
| Q1 24 | 6.8% | 0.3% |
现金转化率EXPSTEP
| Q4 25 | 1.66× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 0.94× | — | ||
| Q4 24 | 1.00× | — | ||
| Q3 24 | 1.63× | 3.05× | ||
| Q2 24 | 0.99× | 3.76× | ||
| Q1 24 | 0.82× | 0.25× |
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% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
