vs
国际香精香料（IFF）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
国际香精香料的季度营收约是Martin Marietta Materials的2.3倍（$2.6B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 0.2%，领先24.3%），国际香精香料同比增速更快（-6.6% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $130.0M），过去两年Martin Marietta Materials的营收复合增速更高（-4.5% vs -5.5%）
国际香精香料（IFF）是美国知名企业，业务覆盖风味、质感、香氛、营养、酶制剂、菌种、大豆蛋白、益生菌等多品类产品研发，产品行销全球。公司总部位于纽约，在44个国家设有创意、销售及生产基地，是标普500指数成分股企业。
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。
IFF vs MLM — 直观对比
营收规模更大
IFF
是对方的2.3倍
$1.1B
营收增速更快
IFF
高出23.6%
-30.1%
净利率更高
MLM
高出24.3%
0.2%
自由现金流更多
MLM
多$294.0M
$130.0M
两年增速更快
MLM
近两年复合增速
-5.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.1B |
| 净利润 | $5.0M | $279.0M |
| 毛利率 | 34.4% | 35.0% |
| 营业利润率 | 3.7% | 24.6% |
| 净利率 | 0.2% | 24.5% |
| 营收同比 | -6.6% | -30.1% |
| 净利润同比 | 110.9% | -4.8% |
| 每股收益（稀释后） | $0.03 | $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IFFMLM
| Q4 25 | $2.6B | $1.1B | ||
| Q3 25 | $2.7B | $1.8B | ||
| Q2 25 | $2.8B | $1.8B | ||
| Q1 25 | $2.8B | $1.4B | ||
| Q4 24 | $2.8B | $1.6B | ||
| Q3 24 | $2.9B | $1.9B | ||
| Q2 24 | $2.9B | $1.8B | ||
| Q1 24 | $2.9B | $1.3B |
净利润IFFMLM
| Q4 25 | $5.0M | $279.0M | ||
| Q3 25 | $40.0M | $414.0M | ||
| Q2 25 | $612.0M | $328.0M | ||
| Q1 25 | $-1.0B | $116.0M | ||
| Q4 24 | $-46.0M | $293.0M | ||
| Q3 24 | $59.0M | $363.0M | ||
| Q2 24 | $170.0M | $294.0M | ||
| Q1 24 | $60.0M | $1.0B |
毛利率IFFMLM
| Q4 25 | 34.4% | 35.0% | ||
| Q3 25 | 36.5% | 33.1% | ||
| Q2 25 | 37.3% | 30.0% | ||
| Q1 25 | 36.4% | 24.8% | ||
| Q4 24 | 35.4% | 30.0% | ||
| Q3 24 | 36.0% | 31.7% | ||
| Q2 24 | 37.0% | 29.3% | ||
| Q1 24 | 35.3% | 21.7% |
营业利润率IFFMLM
| Q4 25 | 3.7% | 24.6% | ||
| Q3 25 | 8.4% | 27.4% | ||
| Q2 25 | 7.2% | 25.3% | ||
| Q1 25 | -31.8% | 14.3% | ||
| Q4 24 | 4.6% | 24.4% | ||
| Q3 24 | 8.5% | 25.9% | ||
| Q2 24 | 6.6% | 22.6% | ||
| Q1 24 | 6.9% | — |
净利率IFFMLM
| Q4 25 | 0.2% | 24.5% | ||
| Q3 25 | 1.5% | 22.4% | ||
| Q2 25 | 22.1% | 18.1% | ||
| Q1 25 | -35.8% | 8.6% | ||
| Q4 24 | -1.7% | 18.0% | ||
| Q3 24 | 2.0% | 19.2% | ||
| Q2 24 | 5.9% | 16.7% | ||
| Q1 24 | 2.1% | 83.5% |
每股收益（稀释后）IFFMLM
| Q4 25 | $0.03 | $4.59 | ||
| Q3 25 | $0.16 | $6.85 | ||
| Q2 25 | $2.38 | $5.43 | ||
| Q1 25 | $-3.98 | $1.90 | ||
| Q4 24 | $-0.17 | $4.87 | ||
| Q3 24 | $0.23 | $5.91 | ||
| Q2 24 | $0.66 | $4.76 | ||
| Q1 24 | $0.23 | $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 | $590.0M | $67.0M |
| 总债务越低越好 | $5.6B | $5.3B |
| 股东权益账面价值 | $14.2B | $10.0B |
| 总资产 | $25.5B | $18.7B |
| 负债/权益比越低杠杆越低 | 0.40× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资IFFMLM
| Q4 25 | $590.0M | $67.0M | ||
| Q3 25 | $621.0M | $57.0M | ||
| Q2 25 | $816.0M | $225.0M | ||
| Q1 25 | $613.0M | $101.0M | ||
| Q4 24 | $469.0M | $670.0M | ||
| Q3 24 | $567.0M | $52.0M | ||
| Q2 24 | $671.0M | $109.0M | ||
| Q1 24 | $732.0M | $2.6B |
总债务IFFMLM
| Q4 25 | $5.6B | $5.3B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | $8.9B | $5.4B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
股东权益IFFMLM
| Q4 25 | $14.2B | $10.0B | ||
| Q3 25 | $14.2B | $9.7B | ||
| Q2 25 | $14.4B | $9.4B | ||
| Q1 25 | $13.2B | $9.1B | ||
| Q4 24 | $13.9B | $9.5B | ||
| Q3 24 | $14.8B | $9.2B | ||
| Q2 24 | $14.3B | $8.8B | ||
| Q1 24 | $14.3B | $8.9B |
总资产IFFMLM
| Q4 25 | $25.5B | $18.7B | ||
| Q3 25 | $25.8B | $18.7B | ||
| Q2 25 | $26.1B | $18.1B | ||
| Q1 25 | $28.3B | $17.7B | ||
| Q4 24 | $28.7B | $18.2B | ||
| Q3 24 | $29.9B | $16.5B | ||
| Q2 24 | $29.5B | $16.3B | ||
| Q1 24 | $30.6B | $16.2B |
负债/权益比IFFMLM
| Q4 25 | 0.40× | 0.53× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | 0.64× | 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 | $318.0M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $130.0M | $424.0M |
| 自由现金流率自由现金流/营收 | 5.0% | 37.2% |
| 资本支出强度资本支出/营收 | 7.3% | 18.0% |
| 现金转化率经营现金流/净利润 | 63.60× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $256.0M | $978.0M |
8季度趋势，按日历期对齐
经营现金流IFFMLM
| Q4 25 | $318.0M | $629.0M | ||
| Q3 25 | $164.0M | $551.0M | ||
| Q2 25 | $241.0M | $387.0M | ||
| Q1 25 | $127.0M | $218.0M | ||
| Q4 24 | $368.0M | $686.0M | ||
| Q3 24 | $366.0M | $600.0M | ||
| Q2 24 | $237.0M | $1.0M | ||
| Q1 24 | $99.0M | $172.0M |
自由现金流IFFMLM
| Q4 25 | $130.0M | $424.0M | ||
| Q3 25 | $32.0M | $361.0M | ||
| Q2 25 | $146.0M | $208.0M | ||
| Q1 25 | $-52.0M | $-15.0M | ||
| Q4 24 | $208.0M | $453.0M | ||
| Q3 24 | $263.0M | $317.0M | ||
| Q2 24 | $155.0M | $-138.0M | ||
| Q1 24 | $-19.0M | $-28.0M |
自由现金流率IFFMLM
| Q4 25 | 5.0% | 37.2% | ||
| Q3 25 | 1.2% | 19.6% | ||
| Q2 25 | 5.3% | 11.5% | ||
| Q1 25 | -1.8% | -1.1% | ||
| Q4 24 | 7.5% | 27.8% | ||
| Q3 24 | 9.0% | 16.8% | ||
| Q2 24 | 5.4% | -7.8% | ||
| Q1 24 | -0.7% | -2.2% |
资本支出强度IFFMLM
| Q4 25 | 7.3% | 18.0% | ||
| Q3 25 | 4.9% | 10.3% | ||
| Q2 25 | 3.4% | 9.9% | ||
| Q1 25 | 6.3% | 17.2% | ||
| Q4 24 | 5.8% | 14.3% | ||
| Q3 24 | 3.5% | 15.0% | ||
| Q2 24 | 2.8% | 7.9% | ||
| Q1 24 | 4.1% | 16.0% |
现金转化率IFFMLM
| Q4 25 | 63.60× | 2.25× | ||
| Q3 25 | 4.10× | 1.33× | ||
| Q2 25 | 0.39× | 1.18× | ||
| Q1 25 | — | 1.88× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | 6.20× | 1.65× | ||
| Q2 24 | 1.39× | 0.00× | ||
| Q1 24 | 1.65× | 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
IFF
| Food Ingredients | $802.0M | 31% |
| Scent | $610.0M | 24% |
| Other | $589.0M | 23% |
| Taste | $588.0M | 23% |
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% |
