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Shift4 Payments, Inc.（FOUR）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
Shift4 Payments, Inc.的季度营收约是Martin Marietta Materials的1.0倍（$1.2B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 3.4%，领先21.1%），Shift4 Payments, Inc.同比增速更快（34.0% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $222.5M），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs -4.5%）
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
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。
FOUR vs MLM — 直观对比
营收规模更大
FOUR
是对方的1.0倍
$1.1B
营收增速更快
FOUR
高出64.1%
-30.1%
净利率更高
MLM
高出21.1%
3.4%
自由现金流更多
MLM
多$201.5M
$222.5M
两年增速更快
FOUR
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | $40.2M | $279.0M |
| 毛利率 | — | 35.0% |
| 营业利润率 | 10.8% | 24.6% |
| 净利率 | 3.4% | 24.5% |
| 营收同比 | 34.0% | -30.1% |
| 净利润同比 | -65.3% | -4.8% |
| 每股收益（稀释后） | — | $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FOURMLM
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $966.2M | $1.8B | ||
| Q1 25 | $848.3M | $1.4B | ||
| Q4 24 | $887.0M | $1.6B | ||
| Q3 24 | $909.2M | $1.9B | ||
| Q2 24 | $827.0M | $1.8B | ||
| Q1 24 | $707.4M | $1.3B |
净利润FOURMLM
| Q4 25 | $40.2M | $279.0M | ||
| Q3 25 | $28.1M | $414.0M | ||
| Q2 25 | $34.0M | $328.0M | ||
| Q1 25 | $16.7M | $116.0M | ||
| Q4 24 | $116.0M | $293.0M | ||
| Q3 24 | $53.8M | $363.0M | ||
| Q2 24 | $39.2M | $294.0M | ||
| Q1 24 | $20.6M | $1.0B |
毛利率FOURMLM
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 33.1% | ||
| Q2 25 | — | 30.0% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 29.3% | ||
| Q1 24 | — | 21.7% |
营业利润率FOURMLM
| Q4 25 | 10.8% | 24.6% | ||
| Q3 25 | 9.7% | 27.4% | ||
| Q2 25 | 8.6% | 25.3% | ||
| Q1 25 | 3.0% | 14.3% | ||
| Q4 24 | 9.7% | 24.4% | ||
| Q3 24 | 8.8% | 25.9% | ||
| Q2 24 | 7.2% | 22.6% | ||
| Q1 24 | 3.0% | — |
净利率FOURMLM
| Q4 25 | 3.4% | 24.5% | ||
| Q3 25 | 2.4% | 22.4% | ||
| Q2 25 | 3.5% | 18.1% | ||
| Q1 25 | 2.0% | 8.6% | ||
| Q4 24 | 13.1% | 18.0% | ||
| Q3 24 | 5.9% | 19.2% | ||
| Q2 24 | 4.7% | 16.7% | ||
| Q1 24 | 2.9% | 83.5% |
每股收益（稀释后）FOURMLM
| Q4 25 | — | $4.59 | ||
| Q3 25 | — | $6.85 | ||
| Q2 25 | — | $5.43 | ||
| Q1 25 | — | $1.90 | ||
| Q4 24 | — | $4.87 | ||
| Q3 24 | — | $5.91 | ||
| Q2 24 | — | $4.76 | ||
| Q1 24 | — | $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 | $964.0M | $67.0M |
| 总债务越低越好 | $4.5B | $5.3B |
| 股东权益账面价值 | $1.4B | $10.0B |
| 总资产 | $8.7B | $18.7B |
| 负债/权益比越低杠杆越低 | 3.15× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资FOURMLM
| Q4 25 | $964.0M | $67.0M | ||
| Q3 25 | $1.5B | $57.0M | ||
| Q2 25 | $3.0B | $225.0M | ||
| Q1 25 | $1.2B | $101.0M | ||
| Q4 24 | $1.2B | $670.0M | ||
| Q3 24 | $1.4B | $52.0M | ||
| Q2 24 | $205.0M | $109.0M | ||
| Q1 24 | $522.9M | $2.6B |
总债务FOURMLM
| Q4 25 | $4.5B | $5.3B | ||
| Q3 25 | $4.7B | $5.5B | ||
| Q2 25 | $3.7B | $5.4B | ||
| Q1 25 | $2.8B | $5.4B | ||
| Q4 24 | $2.8B | $5.4B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
股东权益FOURMLM
| Q4 25 | $1.4B | $10.0B | ||
| Q3 25 | $1.7B | $9.7B | ||
| Q2 25 | $1.6B | $9.4B | ||
| Q1 25 | $805.2M | $9.1B | ||
| Q4 24 | $806.6M | $9.5B | ||
| Q3 24 | $811.8M | $9.2B | ||
| Q2 24 | $700.8M | $8.8B | ||
| Q1 24 | $674.5M | $8.9B |
总资产FOURMLM
| Q4 25 | $8.7B | $18.7B | ||
| Q3 25 | $9.0B | $18.7B | ||
| Q2 25 | $7.0B | $18.1B | ||
| Q1 25 | $5.0B | $17.7B | ||
| Q4 24 | $5.0B | $18.2B | ||
| Q3 24 | $5.0B | $16.5B | ||
| Q2 24 | $3.5B | $16.3B | ||
| Q1 24 | $3.4B | $16.2B |
负债/权益比FOURMLM
| Q4 25 | 3.15× | 0.53× | ||
| Q3 25 | 2.83× | 0.57× | ||
| Q2 25 | 2.34× | 0.58× | ||
| Q1 25 | 3.53× | 0.60× | ||
| Q4 24 | 3.52× | 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 | $223.7M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $222.5M | $424.0M |
| 自由现金流率自由现金流/营收 | 18.7% | 37.2% |
| 资本支出强度资本支出/营收 | 0.1% | 18.0% |
| 现金转化率经营现金流/净利润 | 5.56× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $624.0M | $978.0M |
8季度趋势，按日历期对齐
经营现金流FOURMLM
| Q4 25 | $223.7M | $629.0M | ||
| Q3 25 | $171.8M | $551.0M | ||
| Q2 25 | $141.9M | $387.0M | ||
| Q1 25 | $96.6M | $218.0M | ||
| Q4 24 | $145.4M | $686.0M | ||
| Q3 24 | $182.1M | $600.0M | ||
| Q2 24 | $116.1M | $1.0M | ||
| Q1 24 | $56.7M | $172.0M |
自由现金流FOURMLM
| Q4 25 | $222.5M | $424.0M | ||
| Q3 25 | $165.4M | $361.0M | ||
| Q2 25 | $141.0M | $208.0M | ||
| Q1 25 | $95.1M | $-15.0M | ||
| Q4 24 | $143.8M | $453.0M | ||
| Q3 24 | $180.1M | $317.0M | ||
| Q2 24 | $113.9M | $-138.0M | ||
| Q1 24 | $55.4M | $-28.0M |
自由现金流率FOURMLM
| Q4 25 | 18.7% | 37.2% | ||
| Q3 25 | 14.1% | 19.6% | ||
| Q2 25 | 14.6% | 11.5% | ||
| Q1 25 | 11.2% | -1.1% | ||
| Q4 24 | 16.2% | 27.8% | ||
| Q3 24 | 19.8% | 16.8% | ||
| Q2 24 | 13.8% | -7.8% | ||
| Q1 24 | 7.8% | -2.2% |
资本支出强度FOURMLM
| Q4 25 | 0.1% | 18.0% | ||
| Q3 25 | 0.5% | 10.3% | ||
| Q2 25 | 0.1% | 9.9% | ||
| Q1 25 | 0.2% | 17.2% | ||
| Q4 24 | 0.2% | 14.3% | ||
| Q3 24 | 0.2% | 15.0% | ||
| Q2 24 | 0.3% | 7.9% | ||
| Q1 24 | 0.2% | 16.0% |
现金转化率FOURMLM
| Q4 25 | 5.56× | 2.25× | ||
| Q3 25 | 6.11× | 1.33× | ||
| Q2 25 | 4.17× | 1.18× | ||
| Q1 25 | 5.78× | 1.88× | ||
| Q4 24 | 1.25× | 2.34× | ||
| Q3 24 | 3.38× | 1.65× | ||
| Q2 24 | 2.96× | 0.00× | ||
| Q1 24 | 2.75× | 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
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
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% |
