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自由港麦克莫兰（FCX）与固铂轮胎（GT）财务数据对比。点击上方公司名可切换其他公司
自由港麦克莫兰的季度营收约是固铂轮胎的1.1倍（$5.3B vs $4.9B），自由港麦克莫兰净利率更高（10.7% vs 2.1%，领先8.6%），固铂轮胎同比增速更快（-0.6% vs -10.4%），固铂轮胎自由现金流更多（$1.3B vs $-312.0M），过去两年固铂轮胎的营收复合增速更高（4.1% vs -7.9%）
自由港麦克莫兰是总部位于美国亚利桑那州凤凰城的矿业企业，是全球最大的钼生产商、主要铜生产商之一，运营着坐落于印度尼西亚巴布亚省的世界最大金矿格拉斯伯格矿。
固铂轮胎橡胶公司是美国知名轮胎企业，专注于乘用车、卡车替换轮胎的设计、生产、营销与销售，旗下子公司还覆盖中型卡车、摩托车及赛车轮胎业务。公司总部位于俄亥俄州芬德利，在全球拥有60处制造、销售、配送、技术及研发设计基地，旗下还拥有英国雅芳轮胎品牌，生产摩托车等品类的轮胎产品。
FCX vs GT — 直观对比
营收规模更大
FCX
是对方的1.1倍
$4.9B
营收增速更快
GT
高出9.8%
-10.4%
净利率更高
FCX
高出8.6%
2.1%
自由现金流更多
GT
多$1.6B
$-312.0M
两年增速更快
GT
近两年复合增速
-7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $4.9B |
| 净利润 | $565.0M | $105.0M |
| 毛利率 | 12.4% | 20.9% |
| 营业利润率 | 15.4% | 3.3% |
| 净利率 | 10.7% | 2.1% |
| 营收同比 | -10.4% | -0.6% |
| 净利润同比 | -21.6% | 43.8% |
| 每股收益（稀释后） | — | $0.36 |
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FCXGT
| Q4 25 | $5.3B | $4.9B | ||
| Q3 25 | $6.8B | $4.6B | ||
| Q2 25 | $7.5B | $4.5B | ||
| Q1 25 | $5.6B | $4.3B | ||
| Q4 24 | $5.9B | $4.9B | ||
| Q3 24 | $6.7B | $4.8B | ||
| Q2 24 | $6.4B | $4.6B | ||
| Q1 24 | $6.2B | $4.5B |
净利润FCXGT
| Q4 25 | $565.0M | $105.0M | ||
| Q3 25 | $1.2B | $-2.2B | ||
| Q2 25 | $1.5B | $254.0M | ||
| Q1 25 | $793.0M | $115.0M | ||
| Q4 24 | $721.0M | $73.0M | ||
| Q3 24 | $1.2B | $-37.0M | ||
| Q2 24 | $1.3B | $79.0M | ||
| Q1 24 | $1.2B | $-69.0M |
毛利率FCXGT
| Q4 25 | 12.4% | 20.9% | ||
| Q3 25 | 29.2% | 18.2% | ||
| Q2 25 | 34.2% | 17.0% | ||
| Q1 25 | 24.3% | 17.4% | ||
| Q4 24 | 27.0% | 19.9% | ||
| Q3 24 | 30.0% | 19.5% | ||
| Q2 24 | 31.5% | 20.6% | ||
| Q1 24 | 28.5% | 18.0% |
营业利润率FCXGT
| Q4 25 | 15.4% | 3.3% | ||
| Q3 25 | 28.9% | -15.8% | ||
| Q2 25 | 32.3% | 6.8% | ||
| Q1 25 | 23.4% | 3.1% | ||
| Q4 24 | 21.1% | 1.5% | ||
| Q3 24 | 29.0% | -0.6% | ||
| Q2 24 | 32.0% | 2.9% | ||
| Q1 24 | 26.3% | -1.1% |
净利率FCXGT
| Q4 25 | 10.7% | 2.1% | ||
| Q3 25 | 18.3% | -47.3% | ||
| Q2 25 | 20.6% | 5.7% | ||
| Q1 25 | 14.2% | 2.7% | ||
| Q4 24 | 12.3% | 1.5% | ||
| Q3 24 | 18.5% | -0.8% | ||
| Q2 24 | 20.0% | 1.7% | ||
| Q1 24 | 18.7% | -1.5% |
每股收益（稀释后）FCXGT
| Q4 25 | — | $0.36 | ||
| Q3 25 | $0.46 | $-7.62 | ||
| Q2 25 | $0.53 | $0.87 | ||
| Q1 25 | $0.24 | $0.40 | ||
| Q4 24 | — | $0.25 | ||
| Q3 24 | $0.36 | $-0.13 | ||
| Q2 24 | $0.42 | $0.28 | ||
| Q1 24 | $0.32 | $-0.24 |
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 | $3.8B | $801.0M |
| 总债务越低越好 | $9.4B | $5.3B |
| 股东权益账面价值 | $18.9B | $3.2B |
| 总资产 | $58.2B | $18.2B |
| 负债/权益比越低杠杆越低 | 0.50× | 1.65× |
8季度趋势，按日历期对齐
现金及短期投资FCXGT
| Q4 25 | $3.8B | $801.0M | ||
| Q3 25 | $4.3B | $810.0M | ||
| Q2 25 | $4.5B | $785.0M | ||
| Q1 25 | $4.4B | $902.0M | ||
| Q4 24 | $3.9B | $810.0M | ||
| Q3 24 | $5.0B | $905.0M | ||
| Q2 24 | $5.3B | $789.0M | ||
| Q1 24 | $5.2B | $893.0M |
总债务FCXGT
| Q4 25 | $9.4B | $5.3B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $6.6B | ||
| Q1 25 | $9.4B | $7.3B | ||
| Q4 24 | $8.9B | $6.4B | ||
| Q3 24 | $9.7B | $7.4B | ||
| Q2 24 | $9.4B | $6.8B | ||
| Q1 24 | $9.4B | $7.5B |
股东权益FCXGT
| Q4 25 | $18.9B | $3.2B | ||
| Q3 25 | $18.7B | $3.0B | ||
| Q2 25 | $18.2B | $5.1B | ||
| Q1 25 | $17.7B | $4.9B | ||
| Q4 24 | $17.6B | $4.7B | ||
| Q3 24 | $17.5B | $4.7B | ||
| Q2 24 | $17.4B | $4.7B | ||
| Q1 24 | $17.0B | $4.6B |
总资产FCXGT
| Q4 25 | $58.2B | $18.2B | ||
| Q3 25 | $56.8B | $20.2B | ||
| Q2 25 | $56.5B | $22.3B | ||
| Q1 25 | $56.0B | $21.7B | ||
| Q4 24 | $54.8B | $20.9B | ||
| Q3 24 | $55.4B | $22.5B | ||
| Q2 24 | $54.6B | $22.0B | ||
| Q1 24 | $54.2B | $22.0B |
负债/权益比FCXGT
| Q4 25 | 0.50× | 1.65× | ||
| Q3 25 | — | 2.42× | ||
| Q2 25 | — | 1.28× | ||
| Q1 25 | 0.53× | 1.48× | ||
| Q4 24 | 0.51× | 1.37× | ||
| Q3 24 | 0.55× | 1.57× | ||
| Q2 24 | 0.54× | 1.45× | ||
| Q1 24 | 0.56× | 1.61× |
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 | $693.0M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $-312.0M | $1.3B |
| 自由现金流率自由现金流/营收 | -5.9% | 27.2% |
| 资本支出强度资本支出/营收 | 19.1% | 3.6% |
| 现金转化率经营现金流/净利润 | 1.23× | 14.40× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $-30.0M |
8季度趋势，按日历期对齐
经营现金流FCXGT
| Q4 25 | $693.0M | $1.5B | ||
| Q3 25 | $1.7B | $2.0M | ||
| Q2 25 | $2.2B | $-180.0M | ||
| Q1 25 | $1.1B | $-538.0M | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.9B | $-73.0M | ||
| Q2 24 | $2.0B | $-67.0M | ||
| Q1 24 | $1.9B | $-451.0M |
自由现金流FCXGT
| Q4 25 | $-312.0M | $1.3B | ||
| Q3 25 | $608.0M | $-181.0M | ||
| Q2 25 | $934.0M | $-387.0M | ||
| Q1 25 | $-114.0M | $-797.0M | ||
| Q4 24 | $197.0M | $1.0B | ||
| Q3 24 | $673.0M | $-351.0M | ||
| Q2 24 | $840.0M | $-383.0M | ||
| Q1 24 | $642.0M | $-769.0M |
自由现金流率FCXGT
| Q4 25 | -5.9% | 27.2% | ||
| Q3 25 | 8.9% | -3.9% | ||
| Q2 25 | 12.4% | -8.7% | ||
| Q1 25 | -2.0% | -18.7% | ||
| Q4 24 | 3.4% | 20.5% | ||
| Q3 24 | 10.1% | -7.3% | ||
| Q2 24 | 13.1% | -8.4% | ||
| Q1 24 | 10.3% | -16.9% |
资本支出强度FCXGT
| Q4 25 | 19.1% | 3.6% | ||
| Q3 25 | 15.5% | 3.9% | ||
| Q2 25 | 16.8% | 4.6% | ||
| Q1 25 | 21.0% | 6.1% | ||
| Q4 24 | 21.1% | 5.6% | ||
| Q3 24 | 17.9% | 5.8% | ||
| Q2 24 | 17.4% | 6.9% | ||
| Q1 24 | 20.2% | 7.0% |
现金转化率FCXGT
| Q4 25 | 1.23× | 14.40× | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.42× | -0.71× | ||
| Q1 25 | 1.33× | -4.68× | ||
| Q4 24 | 1.99× | 17.66× | ||
| Q3 24 | 1.51× | — | ||
| Q2 24 | 1.53× | -0.85× | ||
| Q1 24 | 1.63× | — |
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
FCX
| Morenci | $2.5B | 47% |
| Grasberg Segment | $964.0M | 18% |
| Copper In Concentrates | $934.0M | 18% |
| Molybdenum | $541.0M | 10% |
| Gold | $388.0M | 7% |
GT
| Tire Unit Sales | $2.4B | 50% |
| Other | $2.3B | 46% |
| Other Tireand Related Sales | $192.0M | 4% |
