vs
Fastenal（FAST）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
Fastenal的季度营收约是Martin Marietta Materials的1.8倍（$2.0B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 14.5%，领先10.0%），Fastenal同比增速更快（3.5% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $308.2M），过去两年Fastenal的营收复合增速更高（2.9% vs -4.5%）
Fastenal是1967年成立的美国上市企业，总部位于明尼苏达州威诺纳，是北美最大的紧固件分销商，同时也是工业和建筑用品的主流供应商，可提供货柜备货、智能售货柜、库存管理、物流配送等一站式供应链解决方案。
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。
FAST vs MLM — 直观对比
营收规模更大
FAST
是对方的1.8倍
$1.1B
营收增速更快
FAST
高出33.6%
-30.1%
净利率更高
MLM
高出10.0%
14.5%
自由现金流更多
MLM
多$115.8M
$308.2M
两年增速更快
FAST
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.1B |
| 净利润 | $293.9M | $279.0M |
| 毛利率 | 44.3% | 35.0% |
| 营业利润率 | 18.9% | 24.6% |
| 净利率 | 14.5% | 24.5% |
| 营收同比 | 3.5% | -30.1% |
| 净利润同比 | -1.6% | -4.8% |
| 每股收益（稀释后） | $-0.01 | $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FASTMLM
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.9B | $1.9B | ||
| Q2 24 | $1.9B | $1.8B |
净利润FASTMLM
| Q1 26 | $293.9M | — | ||
| Q4 25 | $293.9M | $279.0M | ||
| Q3 25 | $335.5M | $414.0M | ||
| Q2 25 | $330.3M | $328.0M | ||
| Q1 25 | $298.7M | $116.0M | ||
| Q4 24 | $262.1M | $293.0M | ||
| Q3 24 | $298.1M | $363.0M | ||
| Q2 24 | $292.7M | $294.0M |
毛利率FASTMLM
| Q1 26 | 44.3% | — | ||
| Q4 25 | 44.3% | 35.0% | ||
| Q3 25 | 45.3% | 33.1% | ||
| Q2 25 | 45.3% | 30.0% | ||
| Q1 25 | 45.1% | 24.8% | ||
| Q4 24 | 44.8% | 30.0% | ||
| Q3 24 | 44.9% | 31.7% | ||
| Q2 24 | 45.1% | 29.3% |
营业利润率FASTMLM
| Q1 26 | 18.9% | — | ||
| Q4 25 | 18.9% | 24.6% | ||
| Q3 25 | 20.7% | 27.4% | ||
| Q2 25 | 21.0% | 25.3% | ||
| Q1 25 | 20.1% | 14.3% | ||
| Q4 24 | 18.9% | 24.4% | ||
| Q3 24 | 20.3% | 25.9% | ||
| Q2 24 | 20.2% | 22.6% |
净利率FASTMLM
| Q1 26 | 14.5% | — | ||
| Q4 25 | 14.5% | 24.5% | ||
| Q3 25 | 15.7% | 22.4% | ||
| Q2 25 | 15.9% | 18.1% | ||
| Q1 25 | 15.2% | 8.6% | ||
| Q4 24 | 14.4% | 18.0% | ||
| Q3 24 | 15.6% | 19.2% | ||
| Q2 24 | 15.3% | 16.7% |
每股收益（稀释后）FASTMLM
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.01 | $4.59 | ||
| Q3 25 | $0.29 | $6.85 | ||
| Q2 25 | $0.29 | $5.43 | ||
| Q1 25 | $0.52 | $1.90 | ||
| Q4 24 | $0.45 | $4.87 | ||
| Q3 24 | $0.52 | $5.91 | ||
| Q2 24 | $0.51 | $4.76 |
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 | $276.8M | $67.0M |
| 总债务越低越好 | $125.0M | $5.3B |
| 股东权益账面价值 | $3.9B | $10.0B |
| 总资产 | $5.1B | $18.7B |
| 负债/权益比越低杠杆越低 | 0.03× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资FASTMLM
| Q1 26 | $276.8M | — | ||
| Q4 25 | $276.8M | $67.0M | ||
| Q3 25 | $288.1M | $57.0M | ||
| Q2 25 | $237.8M | $225.0M | ||
| Q1 25 | $231.8M | $101.0M | ||
| Q4 24 | $255.8M | $670.0M | ||
| Q3 24 | $292.2M | $52.0M | ||
| Q2 24 | $255.5M | $109.0M |
总债务FASTMLM
| Q1 26 | $125.0M | — | ||
| Q4 25 | $125.0M | $5.3B | ||
| Q3 25 | $195.0M | $5.5B | ||
| Q2 25 | $230.0M | $5.4B | ||
| Q1 25 | $200.0M | $5.4B | ||
| Q4 24 | $200.0M | $5.4B | ||
| Q3 24 | $240.0M | $4.0B | ||
| Q2 24 | $235.0M | $4.3B |
股东权益FASTMLM
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $10.0B | ||
| Q3 25 | $3.9B | $9.7B | ||
| Q2 25 | $3.8B | $9.4B | ||
| Q1 25 | $3.7B | $9.1B | ||
| Q4 24 | $3.6B | $9.5B | ||
| Q3 24 | $3.6B | $9.2B | ||
| Q2 24 | $3.5B | $8.8B |
总资产FASTMLM
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.1B | $18.7B | ||
| Q3 25 | $5.1B | $18.7B | ||
| Q2 25 | $5.0B | $18.1B | ||
| Q1 25 | $4.9B | $17.7B | ||
| Q4 24 | $4.7B | $18.2B | ||
| Q3 24 | $4.7B | $16.5B | ||
| Q2 24 | $4.6B | $16.3B |
负债/权益比FASTMLM
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.03× | 0.53× | ||
| Q3 25 | 0.05× | 0.57× | ||
| Q2 25 | 0.06× | 0.58× | ||
| Q1 25 | 0.05× | 0.60× | ||
| Q4 24 | 0.06× | 0.57× | ||
| Q3 24 | 0.07× | 0.44× | ||
| Q2 24 | 0.07× | 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 | $368.2M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $308.2M | $424.0M |
| 自由现金流率自由现金流/营收 | 15.2% | 37.2% |
| 资本支出强度资本支出/营收 | 3.0% | 18.0% |
| 现金转化率经营现金流/净利润 | 1.25× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $978.0M |
8季度趋势，按日历期对齐
经营现金流FASTMLM
| Q1 26 | $368.2M | — | ||
| Q4 25 | $368.2M | $629.0M | ||
| Q3 25 | $386.9M | $551.0M | ||
| Q2 25 | $278.6M | $387.0M | ||
| Q1 25 | $262.2M | $218.0M | ||
| Q4 24 | $282.8M | $686.0M | ||
| Q3 24 | $296.9M | $600.0M | ||
| Q2 24 | $258.0M | $1.0M |
自由现金流FASTMLM
| Q1 26 | $308.2M | — | ||
| Q4 25 | $308.2M | $424.0M | ||
| Q3 25 | $326.6M | $361.0M | ||
| Q2 25 | $209.3M | $208.0M | ||
| Q1 25 | $206.5M | $-15.0M | ||
| Q4 24 | $222.6M | $453.0M | ||
| Q3 24 | $237.5M | $317.0M | ||
| Q2 24 | $201.9M | $-138.0M |
自由现金流率FASTMLM
| Q1 26 | 15.2% | — | ||
| Q4 25 | 15.2% | 37.2% | ||
| Q3 25 | 15.3% | 19.6% | ||
| Q2 25 | 10.1% | 11.5% | ||
| Q1 25 | 10.5% | -1.1% | ||
| Q4 24 | 12.2% | 27.8% | ||
| Q3 24 | 12.4% | 16.8% | ||
| Q2 24 | 10.5% | -7.8% |
资本支出强度FASTMLM
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.0% | 18.0% | ||
| Q3 25 | 2.8% | 10.3% | ||
| Q2 25 | 3.3% | 9.9% | ||
| Q1 25 | 2.8% | 17.2% | ||
| Q4 24 | 3.3% | 14.3% | ||
| Q3 24 | 3.1% | 15.0% | ||
| Q2 24 | 2.9% | 7.9% |
现金转化率FASTMLM
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.25× | 2.25× | ||
| Q3 25 | 1.15× | 1.33× | ||
| Q2 25 | 0.84× | 1.18× | ||
| Q1 25 | 0.88× | 1.88× | ||
| Q4 24 | 1.08× | 2.34× | ||
| Q3 24 | 1.00× | 1.65× | ||
| Q2 24 | 0.88× | 0.00× |
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
FAST
| Reportable Segment Aggregation Before Other Operating Segment | $1.8B | 90% |
| Other | $211.2M | 10% |
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% |
