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诺唯真游轮控股（LINE）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
诺唯真游轮控股的季度营收约是Martin Marietta Materials的1.2倍（$1.4B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs -7.3%，领先31.7%），诺唯真游轮控股同比增速更快（3.1% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $35.0M）
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
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。
LINE vs MLM — 直观对比
营收规模更大
LINE
是对方的1.2倍
$1.1B
营收增速更快
LINE
高出33.3%
-30.1%
净利率更高
MLM
高出31.7%
-7.3%
自由现金流更多
MLM
多$389.0M
$35.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.1B |
| 净利润 | $-100.0M | $279.0M |
| 毛利率 | 32.3% | 35.0% |
| 营业利润率 | 2.5% | 24.6% |
| 净利率 | -7.3% | 24.5% |
| 营收同比 | 3.1% | -30.1% |
| 净利润同比 | 79.4% | -4.8% |
| 每股收益（稀释后） | $-0.44 | $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LINEMLM
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.3B | $1.9B | ||
| Q2 24 | $1.3B | $1.8B | ||
| Q1 24 | $1.3B | $1.3B |
净利润LINEMLM
| Q4 25 | — | $279.0M | ||
| Q3 25 | $-100.0M | $414.0M | ||
| Q2 25 | $-6.0M | $328.0M | ||
| Q1 25 | $0 | $116.0M | ||
| Q4 24 | $-71.0M | $293.0M | ||
| Q3 24 | $-485.0M | $363.0M | ||
| Q2 24 | $-68.0M | $294.0M | ||
| Q1 24 | $-40.0M | $1.0B |
毛利率LINEMLM
| Q4 25 | — | 35.0% | ||
| Q3 25 | 32.3% | 33.1% | ||
| Q2 25 | 31.9% | 30.0% | ||
| Q1 25 | 32.2% | 24.8% | ||
| Q4 24 | 32.3% | 30.0% | ||
| Q3 24 | 32.8% | 31.7% | ||
| Q2 24 | 33.4% | 29.3% | ||
| Q1 24 | 33.4% | 21.7% |
营业利润率LINEMLM
| Q4 25 | — | 24.6% | ||
| Q3 25 | 2.5% | 27.4% | ||
| Q2 25 | 1.7% | 25.3% | ||
| Q1 25 | 4.3% | 14.3% | ||
| Q4 24 | -1.6% | 24.4% | ||
| Q3 24 | -38.6% | 25.9% | ||
| Q2 24 | 5.5% | 22.6% | ||
| Q1 24 | 7.6% | — |
净利率LINEMLM
| Q4 25 | — | 24.5% | ||
| Q3 25 | -7.3% | 22.4% | ||
| Q2 25 | -0.4% | 18.1% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | -5.3% | 18.0% | ||
| Q3 24 | -36.3% | 19.2% | ||
| Q2 24 | -5.1% | 16.7% | ||
| Q1 24 | -3.0% | 83.5% |
每股收益（稀释后）LINEMLM
| Q4 25 | — | $4.59 | ||
| Q3 25 | $-0.44 | $6.85 | ||
| Q2 25 | $-0.03 | $5.43 | ||
| Q1 25 | $0.01 | $1.90 | ||
| Q4 24 | $-0.52 | $4.87 | ||
| Q3 24 | $-2.44 | $5.91 | ||
| Q2 24 | $-0.46 | $4.76 | ||
| Q1 24 | $-0.28 | $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 | — | $67.0M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $8.4B | $10.0B |
| 总资产 | $19.2B | $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LINEMLM
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $57.0M | ||
| Q2 25 | — | $225.0M | ||
| Q1 25 | — | $101.0M | ||
| Q4 24 | $173.0M | $670.0M | ||
| Q3 24 | $409.0M | $52.0M | ||
| Q2 24 | $73.0M | $109.0M | ||
| Q1 24 | — | $2.6B |
总债务LINEMLM
| 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LINEMLM
| Q4 25 | — | $10.0B | ||
| Q3 25 | $8.4B | $9.7B | ||
| Q2 25 | $8.6B | $9.4B | ||
| Q1 25 | $8.6B | $9.1B | ||
| Q4 24 | $8.6B | $9.5B | ||
| Q3 24 | $9.0B | $9.2B | ||
| Q2 24 | $4.9B | $8.8B | ||
| Q1 24 | $5.6B | $8.9B |
总资产LINEMLM
| Q4 25 | — | $18.7B | ||
| Q3 25 | $19.2B | $18.7B | ||
| Q2 25 | $19.4B | $18.1B | ||
| Q1 25 | $18.8B | $17.7B | ||
| Q4 24 | $18.7B | $18.2B | ||
| Q3 24 | $19.3B | $16.5B | ||
| Q2 24 | $18.8B | $16.3B | ||
| Q1 24 | — | $16.2B |
负债/权益比LINEMLM
| 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 | $230.0M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $35.0M | $424.0M |
| 自由现金流率自由现金流/营收 | 2.5% | 37.2% |
| 资本支出强度资本支出/营收 | 14.2% | 18.0% |
| 现金转化率经营现金流/净利润 | — | 2.25× |
| 过去12个月自由现金流最近4个季度 | — | $978.0M |
8季度趋势，按日历期对齐
经营现金流LINEMLM
| Q4 25 | — | $629.0M | ||
| Q3 25 | $230.0M | $551.0M | ||
| Q2 25 | $258.0M | $387.0M | ||
| Q1 25 | $139.0M | $218.0M | ||
| Q4 24 | — | $686.0M | ||
| Q3 24 | $186.0M | $600.0M | ||
| Q2 24 | $155.0M | $1.0M | ||
| Q1 24 | $105.0M | $172.0M |
自由现金流LINEMLM
| Q4 25 | — | $424.0M | ||
| Q3 25 | $35.0M | $361.0M | ||
| Q2 25 | $95.0M | $208.0M | ||
| Q1 25 | $-12.0M | $-15.0M | ||
| Q4 24 | — | $453.0M | ||
| Q3 24 | $33.0M | $317.0M | ||
| Q2 24 | $-31.0M | $-138.0M | ||
| Q1 24 | $-42.0M | $-28.0M |
自由现金流率LINEMLM
| Q4 25 | — | 37.2% | ||
| Q3 25 | 2.5% | 19.6% | ||
| Q2 25 | 7.0% | 11.5% | ||
| Q1 25 | -0.9% | -1.1% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | 2.5% | 16.8% | ||
| Q2 24 | -2.3% | -7.8% | ||
| Q1 24 | -3.2% | -2.2% |
资本支出强度LINEMLM
| Q4 25 | — | 18.0% | ||
| Q3 25 | 14.2% | 10.3% | ||
| Q2 25 | 12.1% | 9.9% | ||
| Q1 25 | 11.7% | 17.2% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | 11.5% | 15.0% | ||
| Q2 24 | 13.9% | 7.9% | ||
| Q1 24 | 11.1% | 16.0% |
现金转化率LINEMLM
| Q4 25 | — | 2.25× | ||
| Q3 25 | — | 1.33× | ||
| Q2 25 | — | 1.18× | ||
| Q1 25 | — | 1.88× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 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
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
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% |
