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Graham Holdings Co（GHC）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
Martin Marietta Materials的季度营收约是Graham Holdings Co的1.1倍（$1.4B vs $1.3B），Martin Marietta Materials净利率更高（111.1% vs 8.7%，领先102.4%），Martin Marietta Materials同比增速更快（17.0% vs 0.4%），过去两年Graham Holdings Co的营收复合增速更高（4.2% vs -12.1%）
Graham Holdings是一家总部位于美国弗吉尼亚州阿灵顿县、在特拉华州注册的多元化综合控股集团，曾持有知名媒体《华盛顿邮报》与《新闻周刊》的所有权，旗下业务覆盖多个领域，在北美市场拥有深厚的行业运营积淀。
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。
GHC vs MLM — 直观对比
营收规模更大
MLM
是对方的1.1倍
$1.3B
营收增速更快
MLM
高出16.6%
0.4%
净利率更高
MLM
高出102.4%
8.7%
两年增速更快
GHC
近两年复合增速
-12.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $108.7M | $1.5B |
| 毛利率 | — | 22.8% |
| 营业利润率 | 3.8% | 11.9% |
| 净利率 | 8.7% | 111.1% |
| 营收同比 | 0.4% | 17.0% |
| 净利润同比 | -80.2% | — |
| 每股收益（稀释后） | $24.76 | — |
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GHCMLM
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $1.2B | $1.8B |
净利润GHCMLM
| Q1 26 | — | $1.5B | ||
| Q4 25 | $108.7M | $279.0M | ||
| Q3 25 | $122.9M | $414.0M | ||
| Q2 25 | $36.7M | $328.0M | ||
| Q1 25 | $23.9M | $116.0M | ||
| Q4 24 | $548.8M | $293.0M | ||
| Q3 24 | $72.5M | $363.0M | ||
| Q2 24 | $-21.0M | $294.0M |
毛利率GHCMLM
| Q1 26 | — | 22.8% | ||
| 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% |
营业利润率GHCMLM
| Q1 26 | — | 11.9% | ||
| Q4 25 | 3.8% | 24.6% | ||
| Q3 25 | 5.2% | 27.4% | ||
| Q2 25 | 6.0% | 25.3% | ||
| Q1 25 | 4.1% | 14.3% | ||
| Q4 24 | 5.8% | 24.4% | ||
| Q3 24 | 6.8% | 25.9% | ||
| Q2 24 | 2.2% | 22.6% |
净利率GHCMLM
| Q1 26 | — | 111.1% | ||
| Q4 25 | 8.7% | 24.5% | ||
| Q3 25 | 9.6% | 22.4% | ||
| Q2 25 | 3.0% | 18.1% | ||
| Q1 25 | 2.0% | 8.6% | ||
| Q4 24 | 44.1% | 18.0% | ||
| Q3 24 | 6.0% | 19.2% | ||
| Q2 24 | -1.8% | 16.7% |
每股收益（稀释后）GHCMLM
| Q1 26 | — | — | ||
| Q4 25 | $24.76 | $4.59 | ||
| Q3 25 | $27.91 | $6.85 | ||
| Q2 25 | $8.35 | $5.43 | ||
| Q1 25 | $5.45 | $1.90 | ||
| Q4 24 | $124.05 | $4.87 | ||
| Q3 24 | $16.42 | $5.91 | ||
| Q2 24 | $-4.79 | $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 | $267.0M | $273.0M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $4.8B | $11.3B |
| 总资产 | $8.4B | $20.5B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资GHCMLM
| Q1 26 | — | $273.0M | ||
| Q4 25 | $267.0M | $67.0M | ||
| Q3 25 | $190.8M | $57.0M | ||
| Q2 25 | $176.2M | $225.0M | ||
| Q1 25 | $156.7M | $101.0M | ||
| Q4 24 | $260.9M | $670.0M | ||
| Q3 24 | $244.4M | $52.0M | ||
| Q2 24 | $140.7M | $109.0M |
总债务GHCMLM
| Q1 26 | — | $0 | ||
| 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 |
股东权益GHCMLM
| Q1 26 | — | $11.3B | ||
| Q4 25 | $4.8B | $10.0B | ||
| Q3 25 | $4.5B | $9.7B | ||
| Q2 25 | $4.4B | $9.4B | ||
| Q1 25 | $4.3B | $9.1B | ||
| Q4 24 | $4.3B | $9.5B | ||
| Q3 24 | $4.0B | $9.2B | ||
| Q2 24 | $4.0B | $8.8B |
总资产GHCMLM
| Q1 26 | — | $20.5B | ||
| Q4 25 | $8.4B | $18.7B | ||
| Q3 25 | $7.9B | $18.7B | ||
| Q2 25 | $7.6B | $18.1B | ||
| Q1 25 | $7.6B | $17.7B | ||
| Q4 24 | $7.7B | $18.2B | ||
| Q3 24 | $7.4B | $16.5B | ||
| Q2 24 | $7.2B | $16.3B |
负债/权益比GHCMLM
| Q1 26 | — | 0.00× | ||
| 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× |
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 | $28.3M | $227.0M |
| 自由现金流经营现金流 - 资本支出 | $5.0M | — |
| 自由现金流率自由现金流/营收 | 0.4% | — |
| 资本支出强度资本支出/营收 | 1.9% | 40.4% |
| 现金转化率经营现金流/净利润 | 0.26× | 0.15× |
| 过去12个月自由现金流最近4个季度 | $275.3M | — |
8季度趋势，按日历期对齐
经营现金流GHCMLM
| Q1 26 | — | $227.0M | ||
| Q4 25 | $28.3M | $629.0M | ||
| Q3 25 | $178.1M | $551.0M | ||
| Q2 25 | $94.8M | $387.0M | ||
| Q1 25 | $46.0M | $218.0M | ||
| Q4 24 | $116.3M | $686.0M | ||
| Q3 24 | $237.6M | $600.0M | ||
| Q2 24 | $52.0M | $1.0M |
自由现金流GHCMLM
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $424.0M | ||
| Q3 25 | $161.8M | $361.0M | ||
| Q2 25 | $78.0M | $208.0M | ||
| Q1 25 | $30.5M | $-15.0M | ||
| Q4 24 | $91.1M | $453.0M | ||
| Q3 24 | $219.4M | $317.0M | ||
| Q2 24 | $33.7M | $-138.0M |
自由现金流率GHCMLM
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 37.2% | ||
| Q3 25 | 12.6% | 19.6% | ||
| Q2 25 | 6.4% | 11.5% | ||
| Q1 25 | 2.6% | -1.1% | ||
| Q4 24 | 7.3% | 27.8% | ||
| Q3 24 | 18.2% | 16.8% | ||
| Q2 24 | 2.8% | -7.8% |
资本支出强度GHCMLM
| Q1 26 | — | 40.4% | ||
| Q4 25 | 1.9% | 18.0% | ||
| Q3 25 | 1.3% | 10.3% | ||
| Q2 25 | 1.4% | 9.9% | ||
| Q1 25 | 1.3% | 17.2% | ||
| Q4 24 | 2.0% | 14.3% | ||
| Q3 24 | 1.5% | 15.0% | ||
| Q2 24 | 1.5% | 7.9% |
现金转化率GHCMLM
| Q1 26 | — | 0.15× | ||
| Q4 25 | 0.26× | 2.25× | ||
| Q3 25 | 1.45× | 1.33× | ||
| Q2 25 | 2.58× | 1.18× | ||
| Q1 25 | 1.93× | 1.88× | ||
| Q4 24 | 0.21× | 2.34× | ||
| Q3 24 | 3.28× | 1.65× | ||
| Q2 24 | — | 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
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
MLM
暂无分部数据
