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KIRBY CORP（KEX）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KIRBY CORP的1.3倍（$1.1B vs $851.8M），Martin Marietta Materials净利率更高（24.5% vs 10.8%，领先13.7%），KIRBY CORP同比增速更快（6.2% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $265.2M），过去两年KIRBY CORP的营收复合增速更高（2.7% vs -4.5%）
总部位于美国得克萨斯州休斯顿的Kirby Corporation是美国最大的罐驳船运营商，业务覆盖密西西比河水系、海湾沿岸航道、美国三大海岸沿线及阿拉斯加、夏威夷地区，主营通过罐驳船运输石化产品、黑油、精炼石油制品、农化产品，同时拥有并运营8组远洋驳船及拖船运输单元。
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。
KEX vs MLM — 直观对比
营收规模更大
MLM
是对方的1.3倍
$851.8M
营收增速更快
KEX
高出36.3%
-30.1%
净利率更高
MLM
高出13.7%
10.8%
自由现金流更多
MLM
多$158.8M
$265.2M
两年增速更快
KEX
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.8M | $1.1B |
| 净利润 | $91.8M | $279.0M |
| 毛利率 | — | 35.0% |
| 营业利润率 | 15.2% | 24.6% |
| 净利率 | 10.8% | 24.5% |
| 营收同比 | 6.2% | -30.1% |
| 净利润同比 | 114.4% | -4.8% |
| 每股收益（稀释后） | $1.68 | $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KEXMLM
| Q4 25 | $851.8M | $1.1B | ||
| Q3 25 | $871.2M | $1.8B | ||
| Q2 25 | $855.5M | $1.8B | ||
| Q1 25 | $785.7M | $1.4B | ||
| Q4 24 | $802.3M | $1.6B | ||
| Q3 24 | $831.1M | $1.9B | ||
| Q2 24 | $824.4M | $1.8B | ||
| Q1 24 | $808.0M | $1.3B |
净利润KEXMLM
| Q4 25 | $91.8M | $279.0M | ||
| Q3 25 | $92.5M | $414.0M | ||
| Q2 25 | $94.3M | $328.0M | ||
| Q1 25 | $76.0M | $116.0M | ||
| Q4 24 | $42.8M | $293.0M | ||
| Q3 24 | $90.0M | $363.0M | ||
| Q2 24 | $83.9M | $294.0M | ||
| Q1 24 | $70.1M | $1.0B |
毛利率KEXMLM
| 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KEXMLM
| Q4 25 | 15.2% | 24.6% | ||
| Q3 25 | 14.8% | 27.4% | ||
| Q2 25 | 15.4% | 25.3% | ||
| Q1 25 | 13.4% | 14.3% | ||
| Q4 24 | 6.3% | 24.4% | ||
| Q3 24 | 15.3% | 25.9% | ||
| Q2 24 | 14.6% | 22.6% | ||
| Q1 24 | 12.6% | — |
净利率KEXMLM
| Q4 25 | 10.8% | 24.5% | ||
| Q3 25 | 10.6% | 22.4% | ||
| Q2 25 | 11.0% | 18.1% | ||
| Q1 25 | 9.7% | 8.6% | ||
| Q4 24 | 5.3% | 18.0% | ||
| Q3 24 | 10.8% | 19.2% | ||
| Q2 24 | 10.2% | 16.7% | ||
| Q1 24 | 8.7% | 83.5% |
每股收益（稀释后）KEXMLM
| Q4 25 | $1.68 | $4.59 | ||
| Q3 25 | $1.65 | $6.85 | ||
| Q2 25 | $1.67 | $5.43 | ||
| Q1 25 | $1.33 | $1.90 | ||
| Q4 24 | $0.74 | $4.87 | ||
| Q3 24 | $1.55 | $5.91 | ||
| Q2 24 | $1.43 | $4.76 | ||
| Q1 24 | $1.19 | $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 | $78.8M | $67.0M |
| 总债务越低越好 | $919.3M | $5.3B |
| 股东权益账面价值 | $3.4B | $10.0B |
| 总资产 | $6.0B | $18.7B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资KEXMLM
| Q4 25 | $78.8M | $67.0M | ||
| Q3 25 | $47.0M | $57.0M | ||
| Q2 25 | $68.4M | $225.0M | ||
| Q1 25 | $51.1M | $101.0M | ||
| Q4 24 | $74.4M | $670.0M | ||
| Q3 24 | $67.1M | $52.0M | ||
| Q2 24 | $53.5M | $109.0M | ||
| Q1 24 | $75.2M | $2.6B |
总债务KEXMLM
| Q4 25 | $919.3M | $5.3B | ||
| Q3 25 | $1.0B | $5.5B | ||
| Q2 25 | $1.1B | $5.4B | ||
| Q1 25 | $1.1B | $5.4B | ||
| Q4 24 | $874.9M | $5.4B | ||
| Q3 24 | $978.6M | $4.0B | ||
| Q2 24 | $1.0B | $4.3B | ||
| Q1 24 | $1.1B | $4.3B |
股东权益KEXMLM
| Q4 25 | $3.4B | $10.0B | ||
| Q3 25 | $3.4B | $9.7B | ||
| Q2 25 | $3.4B | $9.4B | ||
| Q1 25 | $3.3B | $9.1B | ||
| Q4 24 | $3.4B | $9.5B | ||
| Q3 24 | $3.3B | $9.2B | ||
| Q2 24 | $3.3B | $8.8B | ||
| Q1 24 | $3.2B | $8.9B |
总资产KEXMLM
| Q4 25 | $6.0B | $18.7B | ||
| Q3 25 | $6.1B | $18.7B | ||
| Q2 25 | $6.1B | $18.1B | ||
| Q1 25 | $6.0B | $17.7B | ||
| Q4 24 | $5.9B | $18.2B | ||
| Q3 24 | $5.9B | $16.5B | ||
| Q2 24 | $5.9B | $16.3B | ||
| Q1 24 | $5.8B | $16.2B |
负债/权益比KEXMLM
| Q4 25 | 0.27× | 0.53× | ||
| Q3 25 | 0.31× | 0.57× | ||
| Q2 25 | 0.33× | 0.58× | ||
| Q1 25 | 0.33× | 0.60× | ||
| Q4 24 | 0.26× | 0.57× | ||
| Q3 24 | 0.30× | 0.44× | ||
| Q2 24 | 0.32× | 0.49× | ||
| Q1 24 | 0.33× | 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 | $312.2M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $265.2M | $424.0M |
| 自由现金流率自由现金流/营收 | 31.1% | 37.2% |
| 资本支出强度资本支出/营收 | 5.5% | 18.0% |
| 现金转化率经营现金流/净利润 | 3.40× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $405.7M | $978.0M |
8季度趋势，按日历期对齐
经营现金流KEXMLM
| Q4 25 | $312.2M | $629.0M | ||
| Q3 25 | $227.5M | $551.0M | ||
| Q2 25 | $93.9M | $387.0M | ||
| Q1 25 | $36.5M | $218.0M | ||
| Q4 24 | $247.4M | $686.0M | ||
| Q3 24 | $206.5M | $600.0M | ||
| Q2 24 | $179.3M | $1.0M | ||
| Q1 24 | $123.3M | $172.0M |
自由现金流KEXMLM
| Q4 25 | $265.2M | $424.0M | ||
| Q3 25 | $160.3M | $361.0M | ||
| Q2 25 | $22.4M | $208.0M | ||
| Q1 25 | $-42.1M | $-15.0M | ||
| Q4 24 | $150.7M | $453.0M | ||
| Q3 24 | $130.1M | $317.0M | ||
| Q2 24 | $90.8M | $-138.0M | ||
| Q1 24 | $42.2M | $-28.0M |
自由现金流率KEXMLM
| Q4 25 | 31.1% | 37.2% | ||
| Q3 25 | 18.4% | 19.6% | ||
| Q2 25 | 2.6% | 11.5% | ||
| Q1 25 | -5.4% | -1.1% | ||
| Q4 24 | 18.8% | 27.8% | ||
| Q3 24 | 15.7% | 16.8% | ||
| Q2 24 | 11.0% | -7.8% | ||
| Q1 24 | 5.2% | -2.2% |
资本支出强度KEXMLM
| Q4 25 | 5.5% | 18.0% | ||
| Q3 25 | 7.7% | 10.3% | ||
| Q2 25 | 8.4% | 9.9% | ||
| Q1 25 | 10.0% | 17.2% | ||
| Q4 24 | 12.0% | 14.3% | ||
| Q3 24 | 9.2% | 15.0% | ||
| Q2 24 | 10.7% | 7.9% | ||
| Q1 24 | 10.0% | 16.0% |
现金转化率KEXMLM
| Q4 25 | 3.40× | 2.25× | ||
| Q3 25 | 2.46× | 1.33× | ||
| Q2 25 | 1.00× | 1.18× | ||
| Q1 25 | 0.48× | 1.88× | ||
| Q4 24 | 5.78× | 2.34× | ||
| Q3 24 | 2.30× | 1.65× | ||
| Q2 24 | 2.14× | 0.00× | ||
| Q1 24 | 1.76× | 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
KEX
| Inland Transportation | $379.2M | 45% |
| Power Generation | $191.1M | 22% |
| Commercial And Industrial | $149.4M | 18% |
| Coastal Transportation | $102.5M | 12% |
| Oil And Gas | $29.6M | 3% |
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% |
