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格罗方德（GFS）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
格罗方德的季度营收约是Martin Marietta Materials的1.5倍（$1.7B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 14.8%，领先9.7%），格罗方德同比增速更快（-2.9% vs -30.1%），过去两年格罗方德的营收复合增速更高（-4.3% vs -4.5%）
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
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。
GFS vs MLM — 直观对比
营收规模更大
GFS
是对方的1.5倍
$1.1B
营收增速更快
GFS
高出27.2%
-30.1%
净利率更高
MLM
高出9.7%
14.8%
两年增速更快
GFS
近两年复合增速
-4.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.1B |
| 净利润 | $249.0M | $279.0M |
| 毛利率 | 24.8% | 35.0% |
| 营业利润率 | 11.6% | 24.6% |
| 净利率 | 14.8% | 24.5% |
| 营收同比 | -2.9% | -30.1% |
| 净利润同比 | 39.9% | -4.8% |
| 每股收益（稀释后） | $0.44 | $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GFSMLM
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $1.7B | $1.9B | ||
| Q2 24 | $1.6B | $1.8B | ||
| Q1 24 | $1.5B | $1.3B |
净利润GFSMLM
| Q4 25 | — | $279.0M | ||
| Q3 25 | $249.0M | $414.0M | ||
| Q2 25 | $228.0M | $328.0M | ||
| Q1 25 | $211.0M | $116.0M | ||
| Q4 24 | — | $293.0M | ||
| Q3 24 | $178.0M | $363.0M | ||
| Q2 24 | $155.0M | $294.0M | ||
| Q1 24 | $134.0M | $1.0B |
毛利率GFSMLM
| Q4 25 | — | 35.0% | ||
| Q3 25 | 24.8% | 33.1% | ||
| Q2 25 | 24.2% | 30.0% | ||
| Q1 25 | 22.4% | 24.8% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | 23.8% | 31.7% | ||
| Q2 24 | 24.2% | 29.3% | ||
| Q1 24 | 25.4% | 21.7% |
营业利润率GFSMLM
| Q4 25 | — | 24.6% | ||
| Q3 25 | 11.6% | 27.4% | ||
| Q2 25 | 11.6% | 25.3% | ||
| Q1 25 | 9.5% | 14.3% | ||
| Q4 24 | — | 24.4% | ||
| Q3 24 | 10.6% | 25.9% | ||
| Q2 24 | 9.5% | 22.6% | ||
| Q1 24 | 9.5% | — |
净利率GFSMLM
| Q4 25 | — | 24.5% | ||
| Q3 25 | 14.8% | 22.4% | ||
| Q2 25 | 13.5% | 18.1% | ||
| Q1 25 | 13.3% | 8.6% | ||
| Q4 24 | — | 18.0% | ||
| Q3 24 | 10.2% | 19.2% | ||
| Q2 24 | 9.5% | 16.7% | ||
| Q1 24 | 8.7% | 83.5% |
每股收益（稀释后）GFSMLM
| Q4 25 | — | $4.59 | ||
| Q3 25 | $0.44 | $6.85 | ||
| Q2 25 | $0.41 | $5.43 | ||
| Q1 25 | $0.38 | $1.90 | ||
| Q4 24 | — | $4.87 | ||
| Q3 24 | $0.32 | $5.91 | ||
| Q2 24 | $0.28 | $4.76 | ||
| Q1 24 | $0.24 | $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 | $2.0B | $67.0M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $11.8B | $10.0B |
| 总资产 | $16.7B | $18.7B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资GFSMLM
| Q4 25 | — | $67.0M | ||
| Q3 25 | $2.0B | $57.0M | ||
| Q2 25 | $1.8B | $225.0M | ||
| Q1 25 | $1.6B | $101.0M | ||
| Q4 24 | — | $670.0M | ||
| Q3 24 | $2.3B | $52.0M | ||
| Q2 24 | $2.2B | $109.0M | ||
| Q1 24 | $2.2B | $2.6B |
总债务GFSMLM
| Q4 25 | — | $5.3B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
股东权益GFSMLM
| Q4 25 | — | $10.0B | ||
| Q3 25 | $11.8B | $9.7B | ||
| Q2 25 | $11.5B | $9.4B | ||
| Q1 25 | $11.1B | $9.1B | ||
| Q4 24 | — | $9.5B | ||
| Q3 24 | $11.6B | $9.2B | ||
| Q2 24 | $11.3B | $8.8B | ||
| Q1 24 | $11.3B | $8.9B |
总资产GFSMLM
| Q4 25 | — | $18.7B | ||
| Q3 25 | $16.7B | $18.7B | ||
| Q2 25 | $16.8B | $18.1B | ||
| Q1 25 | $16.5B | $17.7B | ||
| Q4 24 | — | $18.2B | ||
| Q3 24 | $18.1B | $16.5B | ||
| Q2 24 | — | $16.3B | ||
| Q1 24 | — | $16.2B |
负债/权益比GFSMLM
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 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 | $595.0M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | — | $424.0M |
| 自由现金流率自由现金流/营收 | — | 37.2% |
| 资本支出强度资本支出/营收 | — | 18.0% |
| 现金转化率经营现金流/净利润 | 2.39× | 2.25× |
| 过去12个月自由现金流最近4个季度 | — | $978.0M |
8季度趋势，按日历期对齐
经营现金流GFSMLM
| Q4 25 | — | $629.0M | ||
| Q3 25 | $595.0M | $551.0M | ||
| Q2 25 | $431.0M | $387.0M | ||
| Q1 25 | $331.0M | $218.0M | ||
| Q4 24 | — | $686.0M | ||
| Q3 24 | $375.0M | $600.0M | ||
| Q2 24 | $402.0M | $1.0M | ||
| Q1 24 | $488.0M | $172.0M |
自由现金流GFSMLM
| Q4 25 | — | $424.0M | ||
| Q3 25 | — | $361.0M | ||
| Q2 25 | — | $208.0M | ||
| Q1 25 | — | $-15.0M | ||
| Q4 24 | — | $453.0M | ||
| Q3 24 | — | $317.0M | ||
| Q2 24 | — | $-138.0M | ||
| Q1 24 | — | $-28.0M |
自由现金流率GFSMLM
| Q4 25 | — | 37.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | -1.1% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | -7.8% | ||
| Q1 24 | — | -2.2% |
资本支出强度GFSMLM
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 10.3% | ||
| Q2 25 | — | 9.9% | ||
| Q1 25 | — | 17.2% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | 16.0% |
现金转化率GFSMLM
| Q4 25 | — | 2.25× | ||
| Q3 25 | 2.39× | 1.33× | ||
| Q2 25 | 1.89× | 1.18× | ||
| Q1 25 | 1.57× | 1.88× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | 2.11× | 1.65× | ||
| Q2 24 | 2.59× | 0.00× | ||
| Q1 24 | 3.64× | 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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 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% |
