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礼恩派（LEG）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的季度营收约是礼恩派的1.2倍（$1.1B vs $938.6M），Martin Marietta Materials净利率更高（24.5% vs 2.7%，领先21.8%），礼恩派同比增速更快（-11.2% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $101.9M），过去两年Martin Marietta Materials的营收复合增速更高（-4.5% vs -7.5%）
礼恩派（Leggett & Platt）总部位于美国密苏里州迦太基，是一家多元化制造企业，成立于1883年。公司专注于设计生产各类工程组件及产品，广泛应用于家居与汽车领域。目前旗下设有15个业务单元，在全球18个国家拥有135座生产工厂，员工总数达2万名。
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。
LEG vs MLM — 直观对比
营收规模更大
MLM
是对方的1.2倍
$938.6M
营收增速更快
LEG
高出19.0%
-30.1%
净利率更高
MLM
高出21.8%
2.7%
自由现金流更多
MLM
多$322.1M
$101.9M
两年增速更快
MLM
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $938.6M | $1.1B |
| 净利润 | $25.1M | $279.0M |
| 毛利率 | 17.9% | 35.0% |
| 营业利润率 | 2.0% | 24.6% |
| 净利率 | 2.7% | 24.5% |
| 营收同比 | -11.2% | -30.1% |
| 净利润同比 | 76.8% | -4.8% |
| 每股收益（稀释后） | $0.18 | $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LEGMLM
| Q4 25 | $938.6M | $1.1B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.1B | $1.9B | ||
| Q2 24 | $1.1B | $1.8B | ||
| Q1 24 | $1.1B | $1.3B |
净利润LEGMLM
| Q4 25 | $25.1M | $279.0M | ||
| Q3 25 | $127.1M | $414.0M | ||
| Q2 25 | $52.5M | $328.0M | ||
| Q1 25 | $30.6M | $116.0M | ||
| Q4 24 | $14.2M | $293.0M | ||
| Q3 24 | $44.9M | $363.0M | ||
| Q2 24 | $-602.2M | $294.0M | ||
| Q1 24 | $31.6M | $1.0B |
毛利率LEGMLM
| Q4 25 | 17.9% | 35.0% | ||
| Q3 25 | 18.7% | 33.1% | ||
| Q2 25 | 18.2% | 30.0% | ||
| Q1 25 | 18.6% | 24.8% | ||
| Q4 24 | 16.6% | 30.0% | ||
| Q3 24 | 18.2% | 31.7% | ||
| Q2 24 | 16.5% | 29.3% | ||
| Q1 24 | 17.0% | 21.7% |
营业利润率LEGMLM
| Q4 25 | 2.0% | 24.6% | ||
| Q3 25 | 14.9% | 27.4% | ||
| Q2 25 | 6.8% | 25.3% | ||
| Q1 25 | 4.4% | 14.3% | ||
| Q4 24 | 2.4% | 24.4% | ||
| Q3 24 | 5.2% | 25.9% | ||
| Q2 24 | -56.2% | 22.6% | ||
| Q1 24 | 3.9% | — |
净利率LEGMLM
| Q4 25 | 2.7% | 24.5% | ||
| Q3 25 | 12.3% | 22.4% | ||
| Q2 25 | 5.0% | 18.1% | ||
| Q1 25 | 3.0% | 8.6% | ||
| Q4 24 | 1.3% | 18.0% | ||
| Q3 24 | 4.1% | 19.2% | ||
| Q2 24 | -53.4% | 16.7% | ||
| Q1 24 | 2.9% | 83.5% |
每股收益（稀释后）LEGMLM
| Q4 25 | $0.18 | $4.59 | ||
| Q3 25 | $0.91 | $6.85 | ||
| Q2 25 | $0.38 | $5.43 | ||
| Q1 25 | $0.22 | $1.90 | ||
| Q4 24 | $0.10 | $4.87 | ||
| Q3 24 | $0.33 | $5.91 | ||
| Q2 24 | $-4.39 | $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 | $587.4M | $67.0M |
| 总债务越低越好 | $1.5B | $5.3B |
| 股东权益账面价值 | $1.0B | $10.0B |
| 总资产 | $3.5B | $18.7B |
| 负债/权益比越低杠杆越低 | 1.46× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资LEGMLM
| Q4 25 | $587.4M | $67.0M | ||
| Q3 25 | $460.7M | $57.0M | ||
| Q2 25 | $368.8M | $225.0M | ||
| Q1 25 | $412.6M | $101.0M | ||
| Q4 24 | $350.2M | $670.0M | ||
| Q3 24 | $277.2M | $52.0M | ||
| Q2 24 | $307.0M | $109.0M | ||
| Q1 24 | $361.3M | $2.6B |
总债务LEGMLM
| Q4 25 | $1.5B | $5.3B | ||
| Q3 25 | $1.5B | $5.5B | ||
| Q2 25 | $1.8B | $5.4B | ||
| Q1 25 | $1.9B | $5.4B | ||
| Q4 24 | $1.9B | $5.4B | ||
| Q3 24 | $1.6B | $4.0B | ||
| Q2 24 | $1.7B | $4.3B | ||
| Q1 24 | $1.8B | $4.3B |
股东权益LEGMLM
| Q4 25 | $1.0B | $10.0B | ||
| Q3 25 | $971.8M | $9.7B | ||
| Q2 25 | $855.0M | $9.4B | ||
| Q1 25 | $746.8M | $9.1B | ||
| Q4 24 | $689.4M | $9.5B | ||
| Q3 24 | $741.0M | $9.2B | ||
| Q2 24 | $667.6M | $8.8B | ||
| Q1 24 | $1.3B | $8.9B |
总资产LEGMLM
| Q4 25 | $3.5B | $18.7B | ||
| Q3 25 | $3.5B | $18.7B | ||
| Q2 25 | $3.7B | $18.1B | ||
| Q1 25 | $3.7B | $17.7B | ||
| Q4 24 | $3.7B | $18.2B | ||
| Q3 24 | $3.8B | $16.5B | ||
| Q2 24 | $3.8B | $16.3B | ||
| Q1 24 | $4.6B | $16.2B |
负债/权益比LEGMLM
| Q4 25 | 1.46× | 0.53× | ||
| Q3 25 | 1.54× | 0.57× | ||
| Q2 25 | 2.10× | 0.58× | ||
| Q1 25 | 2.59× | 0.60× | ||
| Q4 24 | 2.70× | 0.57× | ||
| Q3 24 | 2.13× | 0.44× | ||
| Q2 24 | 2.55× | 0.49× | ||
| Q1 24 | 1.38× | 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 | $121.5M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $101.9M | $424.0M |
| 自由现金流率自由现金流/营收 | 10.9% | 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 | 4.84× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $281.0M | $978.0M |
8季度趋势，按日历期对齐
经营现金流LEGMLM
| Q4 25 | $121.5M | $629.0M | ||
| Q3 25 | $125.9M | $551.0M | ||
| Q2 25 | $84.0M | $387.0M | ||
| Q1 25 | $6.8M | $218.0M | ||
| Q4 24 | $122.3M | $686.0M | ||
| Q3 24 | $95.5M | $600.0M | ||
| Q2 24 | $94.0M | $1.0M | ||
| Q1 24 | $-6.1M | $172.0M |
自由现金流LEGMLM
| Q4 25 | $101.9M | $424.0M | ||
| Q3 25 | $110.1M | $361.0M | ||
| Q2 25 | $75.5M | $208.0M | ||
| Q1 25 | $-6.5M | $-15.0M | ||
| Q4 24 | $100.5M | $453.0M | ||
| Q3 24 | $77.1M | $317.0M | ||
| Q2 24 | $78.5M | $-138.0M | ||
| Q1 24 | $-32.0M | $-28.0M |
自由现金流率LEGMLM
| Q4 25 | 10.9% | 37.2% | ||
| Q3 25 | 10.6% | 19.6% | ||
| Q2 25 | 7.1% | 11.5% | ||
| Q1 25 | -0.6% | -1.1% | ||
| Q4 24 | 9.5% | 27.8% | ||
| Q3 24 | 7.0% | 16.8% | ||
| Q2 24 | 7.0% | -7.8% | ||
| Q1 24 | -2.9% | -2.2% |
资本支出强度LEGMLM
| Q4 25 | 2.1% | 18.0% | ||
| Q3 25 | 1.5% | 10.3% | ||
| Q2 25 | 0.8% | 9.9% | ||
| Q1 25 | 1.3% | 17.2% | ||
| Q4 24 | 2.1% | 14.3% | ||
| Q3 24 | 1.7% | 15.0% | ||
| Q2 24 | 1.4% | 7.9% | ||
| Q1 24 | 2.4% | 16.0% |
现金转化率LEGMLM
| Q4 25 | 4.84× | 2.25× | ||
| Q3 25 | 0.99× | 1.33× | ||
| Q2 25 | 1.60× | 1.18× | ||
| Q1 25 | 0.22× | 1.88× | ||
| Q4 24 | 8.61× | 2.34× | ||
| Q3 24 | 2.13× | 1.65× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | -0.19× | 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
LEG
| Bedding Products | $373.8M | 40% |
| Flooring And Textile Products Group | $196.9M | 21% |
| Automotive Group | $194.9M | 21% |
| Work Furniture Group | $66.2M | 7% |
| Home Furniture Group | $61.0M | 6% |
| Hydraulic Cylinders | $45.8M | 5% |
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% |
