vs
Helmerich & Payne, Inc.（HP）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Helmerich & Payne, Inc.的1.2倍（$1.1B vs $981.1M），Martin Marietta Materials净利率更高（24.5% vs -9.9%，领先34.3%），Helmerich & Payne, Inc.同比增速更快（45.4% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $114.9M），过去两年Helmerich & Payne, Inc.的营收复合增速更高（19.7% vs -4.5%）
Helmerich & Payne（简称H&P）是总部位于美国俄克拉荷马州塔尔萨的跨国石油钻探承包商，为油气勘探开发企业提供钻井及相关配套服务。公司1998年推出的FlexRigs系列钻井平台广泛应用于非常规页岩地层钻探作业，是全球最大的陆上钻探服务商之一。
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。
HP vs MLM — 直观对比
营收规模更大
MLM
是对方的1.2倍
$981.1M
营收增速更快
HP
高出75.6%
-30.1%
净利率更高
MLM
高出34.3%
-9.9%
自由现金流更多
MLM
多$309.1M
$114.9M
两年增速更快
HP
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $981.1M | $1.1B |
| 净利润 | $-96.7M | $279.0M |
| 毛利率 | — | 35.0% |
| 营业利润率 | -6.1% | 24.6% |
| 净利率 | -9.9% | 24.5% |
| 营收同比 | 45.4% | -30.1% |
| 净利润同比 | -276.6% | -4.8% |
| 每股收益（稀释后） | $-0.98 | $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HPMLM
| Q4 25 | $981.1M | $1.1B | ||
| Q3 25 | $953.8M | $1.8B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $674.6M | $1.6B | ||
| Q3 24 | $691.3M | $1.9B | ||
| Q2 24 | $695.1M | $1.8B | ||
| Q1 24 | $685.1M | $1.3B |
净利润HPMLM
| Q4 25 | $-96.7M | $279.0M | ||
| Q3 25 | $-57.4M | $414.0M | ||
| Q2 25 | $-162.8M | $328.0M | ||
| Q1 25 | $1.7M | $116.0M | ||
| Q4 24 | $54.8M | $293.0M | ||
| Q3 24 | $75.5M | $363.0M | ||
| Q2 24 | $88.7M | $294.0M | ||
| Q1 24 | $84.8M | $1.0B |
毛利率HPMLM
| 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HPMLM
| Q4 25 | -6.1% | 24.6% | ||
| Q3 25 | -0.1% | 27.4% | ||
| Q2 25 | -12.4% | 25.3% | ||
| Q1 25 | 4.2% | 14.3% | ||
| Q4 24 | 13.3% | 24.4% | ||
| Q3 24 | 15.4% | 25.9% | ||
| Q2 24 | 16.0% | 22.6% | ||
| Q1 24 | 16.1% | — |
净利率HPMLM
| Q4 25 | -9.9% | 24.5% | ||
| Q3 25 | -6.0% | 22.4% | ||
| Q2 25 | -15.7% | 18.1% | ||
| Q1 25 | 0.2% | 8.6% | ||
| Q4 24 | 8.1% | 18.0% | ||
| Q3 24 | 10.9% | 19.2% | ||
| Q2 24 | 12.8% | 16.7% | ||
| Q1 24 | 12.4% | 83.5% |
每股收益（稀释后）HPMLM
| Q4 25 | $-0.98 | $4.59 | ||
| Q3 25 | $-0.57 | $6.85 | ||
| Q2 25 | $-1.64 | $5.43 | ||
| Q1 25 | $0.01 | $1.90 | ||
| Q4 24 | $0.54 | $4.87 | ||
| Q3 24 | $0.77 | $5.91 | ||
| Q2 24 | $0.88 | $4.76 | ||
| Q1 24 | $0.84 | $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 | $269.0M | $67.0M |
| 总债务越低越好 | $2.0B | $5.3B |
| 股东权益账面价值 | $2.7B | $10.0B |
| 总资产 | $6.5B | $18.7B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资HPMLM
| Q4 25 | $269.0M | $67.0M | ||
| Q3 25 | $218.3M | $57.0M | ||
| Q2 25 | $187.4M | $225.0M | ||
| Q1 25 | $195.6M | $101.0M | ||
| Q4 24 | $526.5M | $670.0M | ||
| Q3 24 | $510.3M | $52.0M | ||
| Q2 24 | $289.7M | $109.0M | ||
| Q1 24 | $277.0M | $2.6B |
总债务HPMLM
| Q4 25 | $2.0B | $5.3B | ||
| Q3 25 | $2.1B | $5.5B | ||
| Q2 25 | $2.2B | $5.4B | ||
| Q1 25 | $2.2B | $5.4B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | $1.8B | $4.0B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
股东权益HPMLM
| Q4 25 | $2.7B | $10.0B | ||
| Q3 25 | $2.8B | $9.7B | ||
| Q2 25 | $2.9B | $9.4B | ||
| Q1 25 | $3.1B | $9.1B | ||
| Q4 24 | $2.9B | $9.5B | ||
| Q3 24 | $2.9B | $9.2B | ||
| Q2 24 | $2.9B | $8.8B | ||
| Q1 24 | $2.8B | $8.9B |
总资产HPMLM
| Q4 25 | $6.5B | $18.7B | ||
| Q3 25 | $6.7B | $18.7B | ||
| Q2 25 | $6.9B | $18.1B | ||
| Q1 25 | $7.2B | $17.7B | ||
| Q4 24 | $5.8B | $18.2B | ||
| Q3 24 | $5.8B | $16.5B | ||
| Q2 24 | $4.5B | $16.3B | ||
| Q1 24 | $4.4B | $16.2B |
负债/权益比HPMLM
| Q4 25 | 0.75× | 0.53× | ||
| Q3 25 | 0.73× | 0.57× | ||
| Q2 25 | 0.76× | 0.58× | ||
| Q1 25 | 0.73× | 0.60× | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | 0.61× | 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 | $182.4M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $114.9M | $424.0M |
| 自由现金流率自由现金流/营收 | 11.7% | 37.2% |
| 资本支出强度资本支出/营收 | 6.9% | 18.0% |
| 现金转化率经营现金流/净利润 | — | 2.25× |
| 过去12个月自由现金流最近4个季度 | $179.6M | $978.0M |
8季度趋势，按日历期对齐
经营现金流HPMLM
| Q4 25 | $182.4M | $629.0M | ||
| Q3 25 | $206.9M | $551.0M | ||
| Q2 25 | $121.6M | $387.0M | ||
| Q1 25 | $56.0M | $218.0M | ||
| Q4 24 | $158.4M | $686.0M | ||
| Q3 24 | $168.8M | $600.0M | ||
| Q2 24 | $197.4M | $1.0M | ||
| Q1 24 | $143.7M | $172.0M |
自由现金流HPMLM
| Q4 25 | $114.9M | $424.0M | ||
| Q3 25 | $142.8M | $361.0M | ||
| Q2 25 | $24.6M | $208.0M | ||
| Q1 25 | $-102.7M | $-15.0M | ||
| Q4 24 | $51.9M | $453.0M | ||
| Q3 24 | $62.8M | $317.0M | ||
| Q2 24 | $63.0M | $-138.0M | ||
| Q1 24 | $25.4M | $-28.0M |
自由现金流率HPMLM
| Q4 25 | 11.7% | 37.2% | ||
| Q3 25 | 15.0% | 19.6% | ||
| Q2 25 | 2.4% | 11.5% | ||
| Q1 25 | -10.1% | -1.1% | ||
| Q4 24 | 7.7% | 27.8% | ||
| Q3 24 | 9.1% | 16.8% | ||
| Q2 24 | 9.1% | -7.8% | ||
| Q1 24 | 3.7% | -2.2% |
资本支出强度HPMLM
| Q4 25 | 6.9% | 18.0% | ||
| Q3 25 | 6.7% | 10.3% | ||
| Q2 25 | 9.3% | 9.9% | ||
| Q1 25 | 15.7% | 17.2% | ||
| Q4 24 | 15.8% | 14.3% | ||
| Q3 24 | 15.3% | 15.0% | ||
| Q2 24 | 19.3% | 7.9% | ||
| Q1 24 | 17.3% | 16.0% |
现金转化率HPMLM
| Q4 25 | — | 2.25× | ||
| Q3 25 | — | 1.33× | ||
| Q2 25 | — | 1.18× | ||
| Q1 25 | 33.89× | 1.88× | ||
| Q4 24 | 2.89× | 2.34× | ||
| Q3 24 | 2.24× | 1.65× | ||
| Q2 24 | 2.23× | 0.00× | ||
| Q1 24 | 1.69× | 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
HP
| North America Solutions | $563.6M | 57% |
| International Solutions Segment | $229.3M | 23% |
| Offshore Solutions | $188.3M | 19% |
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% |
