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宜瑞安（INGR）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
宜瑞安的季度营收约是Martin Marietta Materials的1.5倍（$1.8B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 9.5%，领先15.0%），宜瑞安同比增速更快（-2.4% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $270.0M），过去两年宜瑞安的营收复合增速更高（-3.4% vs -4.5%）
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
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。
INGR vs MLM — 直观对比
营收规模更大
INGR
是对方的1.5倍
$1.1B
营收增速更快
INGR
高出27.8%
-30.1%
净利率更高
MLM
高出15.0%
9.5%
自由现金流更多
MLM
多$154.0M
$270.0M
两年增速更快
INGR
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.1B |
| 净利润 | $167.0M | $279.0M |
| 毛利率 | 24.5% | 35.0% |
| 营业利润率 | 12.5% | 24.6% |
| 净利率 | 9.5% | 24.5% |
| 营收同比 | -2.4% | -30.1% |
| 净利润同比 | 72.2% | -4.8% |
| 每股收益（稀释后） | $2.58 | $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INGRMLM
| Q4 25 | $1.8B | $1.1B | ||
| Q3 25 | $1.8B | $1.8B | ||
| Q2 25 | $1.8B | $1.8B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.9B | $1.9B | ||
| Q2 24 | $1.9B | $1.8B | ||
| Q1 24 | $1.9B | $1.3B |
净利润INGRMLM
| Q4 25 | $167.0M | $279.0M | ||
| Q3 25 | $171.0M | $414.0M | ||
| Q2 25 | $196.0M | $328.0M | ||
| Q1 25 | $197.0M | $116.0M | ||
| Q4 24 | $97.0M | $293.0M | ||
| Q3 24 | $188.0M | $363.0M | ||
| Q2 24 | $148.0M | $294.0M | ||
| Q1 24 | $216.0M | $1.0B |
毛利率INGRMLM
| Q4 25 | 24.5% | 35.0% | ||
| Q3 25 | 25.1% | 33.1% | ||
| Q2 25 | 26.0% | 30.0% | ||
| Q1 25 | 25.7% | 24.8% | ||
| Q4 24 | 24.9% | 30.0% | ||
| Q3 24 | 25.6% | 31.7% | ||
| Q2 24 | 23.7% | 29.3% | ||
| Q1 24 | 22.2% | 21.7% |
营业利润率INGRMLM
| Q4 25 | 12.5% | 24.6% | ||
| Q3 25 | 13.7% | 27.4% | ||
| Q2 25 | 14.8% | 25.3% | ||
| Q1 25 | 15.2% | 14.3% | ||
| Q4 24 | 9.0% | 24.4% | ||
| Q3 24 | 14.3% | 25.9% | ||
| Q2 24 | 12.8% | 22.6% | ||
| Q1 24 | 11.3% | — |
净利率INGRMLM
| Q4 25 | 9.5% | 24.5% | ||
| Q3 25 | 9.4% | 22.4% | ||
| Q2 25 | 10.7% | 18.1% | ||
| Q1 25 | 10.9% | 8.6% | ||
| Q4 24 | 5.4% | 18.0% | ||
| Q3 24 | 10.1% | 19.2% | ||
| Q2 24 | 7.9% | 16.7% | ||
| Q1 24 | 11.5% | 83.5% |
每股收益（稀释后）INGRMLM
| Q4 25 | $2.58 | $4.59 | ||
| Q3 25 | $2.61 | $6.85 | ||
| Q2 25 | $2.99 | $5.43 | ||
| Q1 25 | $3.00 | $1.90 | ||
| Q4 24 | $1.43 | $4.87 | ||
| Q3 24 | $2.83 | $5.91 | ||
| Q2 24 | $2.22 | $4.76 | ||
| Q1 24 | $3.23 | $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 | $1.0B | $67.0M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $4.3B | $10.0B |
| 总资产 | $7.9B | $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INGRMLM
| Q4 25 | $1.0B | $67.0M | ||
| Q3 25 | $915.0M | $57.0M | ||
| Q2 25 | $861.0M | $225.0M | ||
| Q1 25 | $837.0M | $101.0M | ||
| Q4 24 | $997.0M | $670.0M | ||
| Q3 24 | $877.0M | $52.0M | ||
| Q2 24 | $505.0M | $109.0M | ||
| Q1 24 | $438.0M | $2.6B |
总债务INGRMLM
| 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INGRMLM
| Q4 25 | $4.3B | $10.0B | ||
| Q3 25 | $4.2B | $9.7B | ||
| Q2 25 | $4.2B | $9.4B | ||
| Q1 25 | $4.0B | $9.1B | ||
| Q4 24 | $3.8B | $9.5B | ||
| Q3 24 | $4.0B | $9.2B | ||
| Q2 24 | $3.7B | $8.8B | ||
| Q1 24 | $3.7B | $8.9B |
总资产INGRMLM
| Q4 25 | $7.9B | $18.7B | ||
| Q3 25 | $7.8B | $18.7B | ||
| Q2 25 | $7.8B | $18.1B | ||
| Q1 25 | $7.5B | $17.7B | ||
| Q4 24 | $7.4B | $18.2B | ||
| Q3 24 | $7.5B | $16.5B | ||
| Q2 24 | $7.2B | $16.3B | ||
| Q1 24 | $7.3B | $16.2B |
负债/权益比INGRMLM
| 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 | $405.0M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $270.0M | $424.0M |
| 自由现金流率自由现金流/营收 | 15.4% | 37.2% |
| 资本支出强度资本支出/营收 | 7.7% | 18.0% |
| 现金转化率经营现金流/净利润 | 2.43× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $511.0M | $978.0M |
8季度趋势，按日历期对齐
经营现金流INGRMLM
| Q4 25 | $405.0M | $629.0M | ||
| Q3 25 | $277.0M | $551.0M | ||
| Q2 25 | $185.0M | $387.0M | ||
| Q1 25 | $77.0M | $218.0M | ||
| Q4 24 | $436.0M | $686.0M | ||
| Q3 24 | $479.0M | $600.0M | ||
| Q2 24 | $312.0M | $1.0M | ||
| Q1 24 | $209.0M | $172.0M |
自由现金流INGRMLM
| Q4 25 | $270.0M | $424.0M | ||
| Q3 25 | $172.0M | $361.0M | ||
| Q2 25 | $84.0M | $208.0M | ||
| Q1 25 | $-15.0M | $-15.0M | ||
| Q4 24 | $311.0M | $453.0M | ||
| Q3 24 | $429.0M | $317.0M | ||
| Q2 24 | $257.0M | $-138.0M | ||
| Q1 24 | $144.0M | $-28.0M |
自由现金流率INGRMLM
| Q4 25 | 15.4% | 37.2% | ||
| Q3 25 | 9.5% | 19.6% | ||
| Q2 25 | 4.6% | 11.5% | ||
| Q1 25 | -0.8% | -1.1% | ||
| Q4 24 | 17.3% | 27.8% | ||
| Q3 24 | 22.9% | 16.8% | ||
| Q2 24 | 13.7% | -7.8% | ||
| Q1 24 | 7.7% | -2.2% |
资本支出强度INGRMLM
| Q4 25 | 7.7% | 18.0% | ||
| Q3 25 | 5.8% | 10.3% | ||
| Q2 25 | 5.5% | 9.9% | ||
| Q1 25 | 5.1% | 17.2% | ||
| Q4 24 | 6.9% | 14.3% | ||
| Q3 24 | 2.7% | 15.0% | ||
| Q2 24 | 2.9% | 7.9% | ||
| Q1 24 | 3.5% | 16.0% |
现金转化率INGRMLM
| Q4 25 | 2.43× | 2.25× | ||
| Q3 25 | 1.62× | 1.33× | ||
| Q2 25 | 0.94× | 1.18× | ||
| Q1 25 | 0.39× | 1.88× | ||
| Q4 24 | 4.49× | 2.34× | ||
| Q3 24 | 2.55× | 1.65× | ||
| Q2 24 | 2.11× | 0.00× | ||
| Q1 24 | 0.97× | 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
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
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% |
