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HECLA MINING CO（HL）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HECLA MINING CO的2.5倍（$1.1B vs $448.1M）。HECLA MINING CO净利率更高（30.0% vs 24.5%，领先5.5%）。HECLA MINING CO同比增速更快（79.5% vs -30.1%）。Martin Marietta Materials自由现金流更多（$424.0M vs $134.7M）。过去两年HECLA MINING CO的营收复合增速更高（53.8% vs -4.5%）
赫克拉矿业是总部位于美国的金属开采企业，主营银、金、铅、锌等矿产开发，矿区主要分布于北美地区，产品供应珠宝、工业制造、新能源供应链等领域，是美国头部原生银生产商之一。
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。
HL vs MLM — 直观对比
营收规模更大
MLM
是对方的2.5倍
$448.1M
营收增速更快
HL
高出109.6%
-30.1%
净利率更高
HL
高出5.5%
24.5%
自由现金流更多
MLM
多$289.3M
$134.7M
两年增速更快
HL
近两年复合增速
-4.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $448.1M | $1.1B |
| 净利润 | $134.4M | $279.0M |
| 毛利率 | 55.4% | 35.0% |
| 营业利润率 | 49.1% | 24.6% |
| 净利率 | 30.0% | 24.5% |
| 营收同比 | 79.5% | -30.1% |
| 净利润同比 | 1027.2% | -4.8% |
| 每股收益（稀释后） | $0.20 | $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HLMLM
| Q4 25 | $448.1M | $1.1B | ||
| Q3 25 | $409.5M | $1.8B | ||
| Q2 25 | $304.0M | $1.8B | ||
| Q1 25 | $261.3M | $1.4B | ||
| Q4 24 | $249.7M | $1.6B | ||
| Q3 24 | $245.1M | $1.9B | ||
| Q2 24 | $245.7M | $1.8B | ||
| Q1 24 | $189.5M | $1.3B |
净利润HLMLM
| Q4 25 | $134.4M | $279.0M | ||
| Q3 25 | $100.7M | $414.0M | ||
| Q2 25 | $57.7M | $328.0M | ||
| Q1 25 | $28.9M | $116.0M | ||
| Q4 24 | $11.9M | $293.0M | ||
| Q3 24 | $1.8M | $363.0M | ||
| Q2 24 | $27.9M | $294.0M | ||
| Q1 24 | $-5.8M | $1.0B |
毛利率HLMLM
| Q4 25 | 55.4% | 35.0% | ||
| Q3 25 | 44.1% | 33.1% | ||
| Q2 25 | 39.3% | 30.0% | ||
| Q1 25 | 28.3% | 24.8% | ||
| Q4 24 | 27.4% | 30.0% | ||
| Q3 24 | 24.2% | 31.7% | ||
| Q2 24 | 20.9% | 29.3% | ||
| Q1 24 | 10.1% | 21.7% |
营业利润率HLMLM
| Q4 25 | 49.1% | 24.6% | ||
| Q3 25 | 36.3% | 27.4% | ||
| Q2 25 | 30.8% | 25.3% | ||
| Q1 25 | 20.0% | 14.3% | ||
| Q4 24 | 15.3% | 24.4% | ||
| Q3 24 | 9.2% | 25.9% | ||
| Q2 24 | 16.5% | 22.6% | ||
| Q1 24 | 2.7% | — |
净利率HLMLM
| Q4 25 | 30.0% | 24.5% | ||
| Q3 25 | 24.6% | 22.4% | ||
| Q2 25 | 19.0% | 18.1% | ||
| Q1 25 | 11.0% | 8.6% | ||
| Q4 24 | 4.8% | 18.0% | ||
| Q3 24 | 0.7% | 19.2% | ||
| Q2 24 | 11.3% | 16.7% | ||
| Q1 24 | -3.0% | 83.5% |
每股收益（稀释后）HLMLM
| Q4 25 | $0.20 | $4.59 | ||
| Q3 25 | $0.15 | $6.85 | ||
| Q2 25 | $0.09 | $5.43 | ||
| Q1 25 | $0.05 | $1.90 | ||
| Q4 24 | $0.03 | $4.87 | ||
| Q3 24 | $0.00 | $5.91 | ||
| Q2 24 | $0.04 | $4.76 | ||
| Q1 24 | $-0.01 | $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 | $301.2M | $67.0M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $2.6B | $10.0B |
| 总资产 | $3.6B | $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HLMLM
| Q4 25 | $301.2M | $67.0M | ||
| Q3 25 | $133.9M | $57.0M | ||
| Q2 25 | $296.6M | $225.0M | ||
| Q1 25 | $23.7M | $101.0M | ||
| Q4 24 | $26.9M | $670.0M | ||
| Q3 24 | $22.3M | $52.0M | ||
| Q2 24 | $24.6M | $109.0M | ||
| Q1 24 | $80.2M | $2.6B |
总债务HLMLM
| 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HLMLM
| Q4 25 | $2.6B | $10.0B | ||
| Q3 25 | $2.4B | $9.7B | ||
| Q2 25 | $2.3B | $9.4B | ||
| Q1 25 | $2.1B | $9.1B | ||
| Q4 24 | $2.0B | $9.5B | ||
| Q3 24 | $2.0B | $9.2B | ||
| Q2 24 | $2.0B | $8.8B | ||
| Q1 24 | $2.0B | $8.9B |
总资产HLMLM
| Q4 25 | $3.6B | $18.7B | ||
| Q3 25 | $3.2B | $18.7B | ||
| Q2 25 | $3.3B | $18.1B | ||
| Q1 25 | $3.0B | $17.7B | ||
| Q4 24 | $3.0B | $18.2B | ||
| Q3 24 | $3.0B | $16.5B | ||
| Q2 24 | $2.9B | $16.3B | ||
| Q1 24 | $3.0B | $16.2B |
负债/权益比HLMLM
| 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 | $217.1M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $134.7M | $424.0M |
| 自由现金流率自由现金流/营收 | 30.1% | 37.2% |
| 资本支出强度资本支出/营收 | 18.4% | 18.0% |
| 现金转化率经营现金流/净利润 | 1.61× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $310.2M | $978.0M |
8季度趋势，按日历期对齐
经营现金流HLMLM
| Q4 25 | $217.1M | $629.0M | ||
| Q3 25 | $148.0M | $551.0M | ||
| Q2 25 | $161.8M | $387.0M | ||
| Q1 25 | $35.7M | $218.0M | ||
| Q4 24 | $67.5M | $686.0M | ||
| Q3 24 | $55.0M | $600.0M | ||
| Q2 24 | $78.7M | $1.0M | ||
| Q1 24 | $17.1M | $172.0M |
自由现金流HLMLM
| Q4 25 | $134.7M | $424.0M | ||
| Q3 25 | $90.1M | $361.0M | ||
| Q2 25 | $103.8M | $208.0M | ||
| Q1 25 | $-18.4M | $-15.0M | ||
| Q4 24 | $6.7M | $453.0M | ||
| Q3 24 | $-690.0K | $317.0M | ||
| Q2 24 | $28.3M | $-138.0M | ||
| Q1 24 | $-30.5M | $-28.0M |
自由现金流率HLMLM
| Q4 25 | 30.1% | 37.2% | ||
| Q3 25 | 22.0% | 19.6% | ||
| Q2 25 | 34.1% | 11.5% | ||
| Q1 25 | -7.0% | -1.1% | ||
| Q4 24 | 2.7% | 27.8% | ||
| Q3 24 | -0.3% | 16.8% | ||
| Q2 24 | 11.5% | -7.8% | ||
| Q1 24 | -16.1% | -2.2% |
资本支出强度HLMLM
| Q4 25 | 18.4% | 18.0% | ||
| Q3 25 | 14.1% | 10.3% | ||
| Q2 25 | 19.1% | 9.9% | ||
| Q1 25 | 20.7% | 17.2% | ||
| Q4 24 | 24.3% | 14.3% | ||
| Q3 24 | 22.7% | 15.0% | ||
| Q2 24 | 20.5% | 7.9% | ||
| Q1 24 | 25.1% | 16.0% |
现金转化率HLMLM
| Q4 25 | 1.61× | 2.25× | ||
| Q3 25 | 1.47× | 1.33× | ||
| Q2 25 | 2.80× | 1.18× | ||
| Q1 25 | 1.24× | 1.88× | ||
| Q4 24 | 5.66× | 2.34× | ||
| Q3 24 | 31.24× | 1.65× | ||
| Q2 24 | 2.82× | 0.00× | ||
| Q1 24 | — | 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
HL
| Silver Contracts | $258.5M | 58% |
| Gold | $129.2M | 29% |
| Zinc | $30.3M | 7% |
| Lead | $23.3M | 5% |
| Environmental Remediation Services | $9.2M | 2% |
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% |
