vs
Globe Life（GL）与Vulcan Materials Company（VMC）财务数据对比。点击上方公司名可切换其他公司
Vulcan Materials Company的季度营收约是Globe Life的1.2倍（$1.9B vs $1.6B），Globe Life净利率更高（17.3% vs 13.2%，领先4.2%），Globe Life同比增速更快（5.3% vs 3.2%），过去两年Vulcan Materials Company的营收复合增速更高（11.2% vs 4.1%）
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
GL vs VMC — 直观对比
营收规模更大
VMC
是对方的1.2倍
$1.6B
营收增速更快
GL
高出2.2%
3.2%
净利率更高
GL
高出4.2%
13.2%
两年增速更快
VMC
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.9B |
| 净利润 | $270.5M | $252.0M |
| 毛利率 | — | 25.5% |
| 营业利润率 | — | 19.8% |
| 净利率 | 17.3% | 13.2% |
| 营收同比 | 5.3% | 3.2% |
| 净利润同比 | 6.3% | -14.2% |
| 每股收益（稀释后） | $3.39 | $1.90 |
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GLVMC
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $1.5B | $2.3B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.5B | $1.9B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.4B | $2.0B |
净利润GLVMC
| Q1 26 | $270.5M | — | ||
| Q4 25 | $266.1M | $252.0M | ||
| Q3 25 | $387.8M | $374.9M | ||
| Q2 25 | $252.7M | $320.9M | ||
| Q1 25 | $254.6M | $128.9M | ||
| Q4 24 | $255.2M | $293.6M | ||
| Q3 24 | $303.0M | $207.6M | ||
| Q2 24 | $258.4M | $308.0M |
毛利率GLVMC
| Q1 26 | — | — | ||
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 29.7% | ||
| Q1 25 | — | 22.3% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | 26.1% | 28.2% | ||
| Q2 24 | 23.3% | 29.4% |
营业利润率GLVMC
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 19.8% | ||
| Q3 25 | 31.5% | 23.7% | ||
| Q2 25 | 21.2% | 22.4% | ||
| Q1 25 | 21.4% | 13.9% | ||
| Q4 24 | 21.3% | 21.6% | ||
| Q3 24 | 26.3% | 16.8% | ||
| Q2 24 | 23.5% | 22.5% |
净利率GLVMC
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 13.2% | ||
| Q3 25 | 25.6% | 16.4% | ||
| Q2 25 | 17.1% | 15.3% | ||
| Q1 25 | 17.2% | 7.9% | ||
| Q4 24 | 17.4% | 15.8% | ||
| Q3 24 | 20.8% | 10.4% | ||
| Q2 24 | 17.9% | 15.3% |
每股收益（稀释后）GLVMC
| Q1 26 | $3.39 | — | ||
| Q4 25 | $3.28 | $1.90 | ||
| Q3 25 | $4.73 | $2.82 | ||
| Q2 25 | $3.05 | $2.42 | ||
| Q1 25 | $3.01 | $0.97 | ||
| Q4 24 | $3.00 | $2.21 | ||
| Q3 24 | $3.44 | $1.56 | ||
| Q2 24 | $2.83 | $2.31 |
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 | $183.8M | $183.3M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $6.1B | $8.5B |
| 总资产 | — | $16.7B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资GLVMC
| Q1 26 | $183.8M | — | ||
| Q4 25 | $314.7M | $183.3M | ||
| Q3 25 | $62.8M | $191.3M | ||
| Q2 25 | $116.7M | $347.4M | ||
| Q1 25 | $134.1M | $181.3M | ||
| Q4 24 | $85.0M | $559.7M | ||
| Q3 24 | $100.5M | $433.2M | ||
| Q2 24 | $100.6M | $111.0M |
总债务GLVMC
| Q1 26 | — | — | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B |
股东权益GLVMC
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $8.5B | ||
| Q3 25 | $5.7B | $8.7B | ||
| Q2 25 | $5.4B | $8.4B | ||
| Q1 25 | $5.4B | $8.1B | ||
| Q4 24 | $5.3B | $8.1B | ||
| Q3 24 | $4.6B | $7.9B | ||
| Q2 24 | $5.2B | $7.7B |
总资产GLVMC
| Q1 26 | — | — | ||
| Q4 25 | $30.8B | $16.7B | ||
| Q3 25 | $30.5B | $17.0B | ||
| Q2 25 | $29.8B | $17.0B | ||
| Q1 25 | $29.7B | $16.7B | ||
| Q4 24 | $29.1B | $17.1B | ||
| Q3 24 | $29.6B | $14.4B | ||
| Q2 24 | $28.3B | $14.2B |
负债/权益比GLVMC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× |
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 | — | $543.0M |
| 自由现金流经营现金流 - 资本支出 | — | $358.2M |
| 自由现金流率自由现金流/营收 | — | 18.7% |
| 资本支出强度资本支出/营收 | — | 9.7% |
| 现金转化率经营现金流/净利润 | — | 2.15× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流GLVMC
| Q1 26 | — | — | ||
| Q4 25 | $350.6M | $543.0M | ||
| Q3 25 | $306.0M | $676.8M | ||
| Q2 25 | $307.9M | $341.7M | ||
| Q1 25 | $431.9M | $251.5M | ||
| Q4 24 | $336.9M | $440.1M | ||
| Q3 24 | $340.6M | $595.0M | ||
| Q2 24 | $374.1M | $201.1M |
自由现金流GLVMC
| Q1 26 | — | — | ||
| Q4 25 | $330.1M | $358.2M | ||
| Q3 25 | $208.7M | $454.8M | ||
| Q2 25 | $295.0M | $238.8M | ||
| Q1 25 | $420.1M | $83.5M | ||
| Q4 24 | $321.9M | $277.6M | ||
| Q3 24 | $311.3M | $498.2M | ||
| Q2 24 | $356.5M | $9.7M |
自由现金流率GLVMC
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 18.7% | ||
| Q3 25 | 13.8% | 19.8% | ||
| Q2 25 | 19.9% | 11.4% | ||
| Q1 25 | 28.4% | 5.1% | ||
| Q4 24 | 22.0% | 15.0% | ||
| Q3 24 | 21.4% | 24.9% | ||
| Q2 24 | 24.8% | 0.5% |
资本支出强度GLVMC
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 9.7% | ||
| Q3 25 | 6.4% | 9.7% | ||
| Q2 25 | 0.9% | 4.9% | ||
| Q1 25 | 0.8% | 10.3% | ||
| Q4 24 | 1.0% | 8.8% | ||
| Q3 24 | 2.0% | 4.8% | ||
| Q2 24 | 1.2% | 9.5% |
现金转化率GLVMC
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | 2.15× | ||
| Q3 25 | 0.79× | 1.81× | ||
| Q2 25 | 1.22× | 1.06× | ||
| Q1 25 | 1.70× | 1.95× | ||
| Q4 24 | 1.32× | 1.50× | ||
| Q3 24 | 1.12× | 2.87× | ||
| Q2 24 | 1.45× | 0.65× |
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
GL
| Life premium | $853.2M | 55% |
| Health premium | $416.9M | 27% |
| Other | $289.5M | 19% |
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
