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Installed Building Products, Inc.（IBP）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Installed Building Products, Inc.的1.5倍（$1.1B vs $747.5M），Martin Marietta Materials净利率更高（24.5% vs 10.2%，领先14.2%），Installed Building Products, Inc.同比增速更快（-0.4% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $49.3M），过去两年Installed Building Products, Inc.的营收复合增速更高（3.9% vs -4.5%）
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
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。
IBP vs MLM — 直观对比
营收规模更大
MLM
是对方的1.5倍
$747.5M
营收增速更快
IBP
高出29.8%
-30.1%
净利率更高
MLM
高出14.2%
10.2%
自由现金流更多
MLM
多$374.7M
$49.3M
两年增速更快
IBP
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $747.5M | $1.1B |
| 净利润 | $76.6M | $279.0M |
| 毛利率 | 35.0% | 35.0% |
| 营业利润率 | 14.6% | 24.6% |
| 净利率 | 10.2% | 24.5% |
| 营收同比 | -0.4% | -30.1% |
| 净利润同比 | 14.5% | -4.8% |
| 每股收益（稀释后） | $2.81 | $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IBPMLM
| Q4 25 | $747.5M | $1.1B | ||
| Q3 25 | $778.2M | $1.8B | ||
| Q2 25 | $760.3M | $1.8B | ||
| Q1 25 | $684.8M | $1.4B | ||
| Q4 24 | $750.2M | $1.6B | ||
| Q3 24 | $760.6M | $1.9B | ||
| Q2 24 | $737.6M | $1.8B | ||
| Q1 24 | $692.9M | $1.3B |
净利润IBPMLM
| Q4 25 | $76.6M | $279.0M | ||
| Q3 25 | $74.4M | $414.0M | ||
| Q2 25 | $69.0M | $328.0M | ||
| Q1 25 | $45.4M | $116.0M | ||
| Q4 24 | $66.9M | $293.0M | ||
| Q3 24 | $68.6M | $363.0M | ||
| Q2 24 | $65.2M | $294.0M | ||
| Q1 24 | $55.9M | $1.0B |
毛利率IBPMLM
| Q4 25 | 35.0% | 35.0% | ||
| Q3 25 | 34.0% | 33.1% | ||
| Q2 25 | 34.2% | 30.0% | ||
| Q1 25 | 32.7% | 24.8% | ||
| Q4 24 | 33.6% | 30.0% | ||
| Q3 24 | 33.8% | 31.7% | ||
| Q2 24 | 34.1% | 29.3% | ||
| Q1 24 | 33.8% | 21.7% |
营业利润率IBPMLM
| Q4 25 | 14.6% | 24.6% | ||
| Q3 25 | 13.7% | 27.4% | ||
| Q2 25 | 13.3% | 25.3% | ||
| Q1 25 | 10.2% | 14.3% | ||
| Q4 24 | 13.1% | 24.4% | ||
| Q3 24 | 13.3% | 25.9% | ||
| Q2 24 | 12.9% | 22.6% | ||
| Q1 24 | 12.7% | — |
净利率IBPMLM
| Q4 25 | 10.2% | 24.5% | ||
| Q3 25 | 9.6% | 22.4% | ||
| Q2 25 | 9.1% | 18.1% | ||
| Q1 25 | 6.6% | 8.6% | ||
| Q4 24 | 8.9% | 18.0% | ||
| Q3 24 | 9.0% | 19.2% | ||
| Q2 24 | 8.8% | 16.7% | ||
| Q1 24 | 8.1% | 83.5% |
每股收益（稀释后）IBPMLM
| Q4 25 | $2.81 | $4.59 | ||
| Q3 25 | $2.74 | $6.85 | ||
| Q2 25 | $2.52 | $5.43 | ||
| Q1 25 | $1.64 | $1.90 | ||
| Q4 24 | $2.39 | $4.87 | ||
| Q3 24 | $2.44 | $5.91 | ||
| Q2 24 | $2.30 | $4.76 | ||
| Q1 24 | $1.97 | $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 | $321.9M | $67.0M |
| 总债务越低越好 | $886.6M | $5.3B |
| 股东权益账面价值 | $709.9M | $10.0B |
| 总资产 | $2.1B | $18.7B |
| 负债/权益比越低杠杆越低 | 1.25× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资IBPMLM
| Q4 25 | $321.9M | $67.0M | ||
| Q3 25 | $333.3M | $57.0M | ||
| Q2 25 | $305.2M | $225.0M | ||
| Q1 25 | $298.7M | $101.0M | ||
| Q4 24 | $327.6M | $670.0M | ||
| Q3 24 | $406.2M | $52.0M | ||
| Q2 24 | $380.3M | $109.0M | ||
| Q1 24 | $399.9M | $2.6B |
总债务IBPMLM
| Q4 25 | $886.6M | $5.3B | ||
| Q3 25 | $880.8M | $5.5B | ||
| Q2 25 | $876.1M | $5.4B | ||
| Q1 25 | $872.4M | $5.4B | ||
| Q4 24 | $874.8M | $5.4B | ||
| Q3 24 | $872.3M | $4.0B | ||
| Q2 24 | $875.8M | $4.3B | ||
| Q1 24 | $875.0M | $4.3B |
股东权益IBPMLM
| Q4 25 | $709.9M | $10.0B | ||
| Q3 25 | $678.6M | $9.7B | ||
| Q2 25 | $664.5M | $9.4B | ||
| Q1 25 | $660.9M | $9.1B | ||
| Q4 24 | $705.3M | $9.5B | ||
| Q3 24 | $716.4M | $9.2B | ||
| Q2 24 | $685.3M | $8.8B | ||
| Q1 24 | $679.2M | $8.9B |
总资产IBPMLM
| Q4 25 | $2.1B | $18.7B | ||
| Q3 25 | $2.1B | $18.7B | ||
| Q2 25 | $2.0B | $18.1B | ||
| Q1 25 | $2.0B | $17.7B | ||
| Q4 24 | $2.1B | $18.2B | ||
| Q3 24 | $2.1B | $16.5B | ||
| Q2 24 | $2.0B | $16.3B | ||
| Q1 24 | $2.0B | $16.2B |
负债/权益比IBPMLM
| Q4 25 | 1.25× | 0.53× | ||
| Q3 25 | 1.30× | 0.57× | ||
| Q2 25 | 1.32× | 0.58× | ||
| Q1 25 | 1.32× | 0.60× | ||
| Q4 24 | 1.24× | 0.57× | ||
| Q3 24 | 1.22× | 0.44× | ||
| Q2 24 | 1.28× | 0.49× | ||
| Q1 24 | 1.29× | 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 | $64.9M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $49.3M | $424.0M |
| 自由现金流率自由现金流/营收 | 6.6% | 37.2% |
| 资本支出强度资本支出/营收 | 2.1% | 18.0% |
| 现金转化率经营现金流/净利润 | 0.85× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $300.8M | $978.0M |
8季度趋势，按日历期对齐
经营现金流IBPMLM
| Q4 25 | $64.9M | $629.0M | ||
| Q3 25 | $124.0M | $551.0M | ||
| Q2 25 | $90.4M | $387.0M | ||
| Q1 25 | $92.1M | $218.0M | ||
| Q4 24 | $74.8M | $686.0M | ||
| Q3 24 | $101.4M | $600.0M | ||
| Q2 24 | $79.0M | $1.0M | ||
| Q1 24 | $84.8M | $172.0M |
自由现金流IBPMLM
| Q4 25 | $49.3M | $424.0M | ||
| Q3 25 | $104.8M | $361.0M | ||
| Q2 25 | $74.8M | $208.0M | ||
| Q1 25 | $71.9M | $-15.0M | ||
| Q4 24 | $52.9M | $453.0M | ||
| Q3 24 | $77.3M | $317.0M | ||
| Q2 24 | $58.2M | $-138.0M | ||
| Q1 24 | $63.0M | $-28.0M |
自由现金流率IBPMLM
| Q4 25 | 6.6% | 37.2% | ||
| Q3 25 | 13.5% | 19.6% | ||
| Q2 25 | 9.8% | 11.5% | ||
| Q1 25 | 10.5% | -1.1% | ||
| Q4 24 | 7.1% | 27.8% | ||
| Q3 24 | 10.2% | 16.8% | ||
| Q2 24 | 7.9% | -7.8% | ||
| Q1 24 | 9.1% | -2.2% |
资本支出强度IBPMLM
| Q4 25 | 2.1% | 18.0% | ||
| Q3 25 | 2.5% | 10.3% | ||
| Q2 25 | 2.1% | 9.9% | ||
| Q1 25 | 2.9% | 17.2% | ||
| Q4 24 | 2.9% | 14.3% | ||
| Q3 24 | 3.2% | 15.0% | ||
| Q2 24 | 2.8% | 7.9% | ||
| Q1 24 | 3.1% | 16.0% |
现金转化率IBPMLM
| Q4 25 | 0.85× | 2.25× | ||
| Q3 25 | 1.67× | 1.33× | ||
| Q2 25 | 1.31× | 1.18× | ||
| Q1 25 | 2.03× | 1.88× | ||
| Q4 24 | 1.12× | 2.34× | ||
| Q3 24 | 1.48× | 1.65× | ||
| Q2 24 | 1.21× | 0.00× | ||
| Q1 24 | 1.52× | 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
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
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% |
