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Masco（MAS）与MUELLER INDUSTRIES INC（MLI）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是MUELLER INDUSTRIES INC的2.0倍（$1.9B vs $962.4M），MUELLER INDUSTRIES INC净利率更高（16.0% vs 11.9%，领先4.1%），Masco同比增速更快（6.5% vs 4.2%），过去两年MUELLER INDUSTRIES INC的营收复合增速更高（6.4% vs -4.2%）
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
Mueller Industries是美国知名工业制造企业，1917年正式成立，总部坐落于美国田纳西州孟菲斯市，主营管道产品、工业金属及暖通制冷设备，2022年入选《财富》1000强榜单，是年营收达数十亿美元的公开上市企业。
MAS vs MLI — 直观对比
营收规模更大
MAS
是对方的2.0倍
$962.4M
营收增速更快
MAS
高出2.3%
4.2%
净利率更高
MLI
高出4.1%
11.9%
两年增速更快
MLI
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $962.4M |
| 净利润 | $228.0M | $153.7M |
| 毛利率 | 35.8% | — |
| 营业利润率 | 16.5% | 17.9% |
| 净利率 | 11.9% | 16.0% |
| 营收同比 | 6.5% | 4.2% |
| 净利润同比 | 14.5% | 11.7% |
| 每股收益（稀释后） | — | $1.37 |
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MASMLI
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $962.4M | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $1.8B | $1.0B | ||
| Q4 24 | $1.8B | $923.5M | ||
| Q3 24 | $2.0B | $997.8M | ||
| Q2 24 | $2.1B | $997.7M |
净利润MASMLI
| Q1 26 | $228.0M | — | ||
| Q4 25 | $165.0M | $153.7M | ||
| Q3 25 | $189.0M | $208.1M | ||
| Q2 25 | $270.0M | $245.9M | ||
| Q1 25 | $186.0M | $157.4M | ||
| Q4 24 | $182.0M | $137.7M | ||
| Q3 24 | $167.0M | $168.7M | ||
| Q2 24 | $258.0M | $160.2M |
毛利率MASMLI
| Q1 26 | 35.8% | — | ||
| Q4 25 | 33.9% | — | ||
| Q3 25 | 34.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | 35.8% | — | ||
| Q4 24 | 34.8% | — | ||
| Q3 24 | 36.6% | 27.6% | ||
| Q2 24 | 37.5% | 27.3% |
营业利润率MASMLI
| Q1 26 | 16.5% | — | ||
| Q4 25 | 13.8% | 17.9% | ||
| Q3 25 | 15.8% | 25.6% | ||
| Q2 25 | 20.1% | 26.7% | ||
| Q1 25 | 15.9% | 20.6% | ||
| Q4 24 | 15.9% | 18.4% | ||
| Q3 24 | 18.0% | 20.7% | ||
| Q2 24 | 19.0% | 21.0% |
净利率MASMLI
| Q1 26 | 11.9% | — | ||
| Q4 25 | 9.2% | 16.0% | ||
| Q3 25 | 9.9% | 19.3% | ||
| Q2 25 | 13.2% | 21.6% | ||
| Q1 25 | 10.3% | 15.7% | ||
| Q4 24 | 10.0% | 14.9% | ||
| Q3 24 | 8.4% | 16.9% | ||
| Q2 24 | 12.3% | 16.1% |
每股收益（稀释后）MASMLI
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $1.37 | ||
| Q3 25 | $0.90 | $1.88 | ||
| Q2 25 | $1.28 | $2.22 | ||
| Q1 25 | $0.87 | $1.39 | ||
| Q4 24 | $0.85 | $1.21 | ||
| Q3 24 | $0.77 | $1.48 | ||
| Q2 24 | $1.17 | $1.41 |
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 | — | $1.4B |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $27.0M | $3.2B |
| 总资产 | $5.2B | $3.7B |
| 负债/权益比越低杠杆越低 | 109.07× | — |
8季度趋势，按日历期对齐
现金及短期投资MASMLI
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | $1.4B | ||
| Q3 25 | $559.0M | $1.3B | ||
| Q2 25 | $390.0M | $1.1B | ||
| Q1 25 | $377.0M | $873.6M | ||
| Q4 24 | $634.0M | $1.1B | ||
| Q3 24 | $646.0M | $969.6M | ||
| Q2 24 | $398.0M | $825.7M |
总债务MASMLI
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MASMLI
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $3.2B | ||
| Q3 25 | $-78.0M | $3.1B | ||
| Q2 25 | $-84.0M | $2.9B | ||
| Q1 25 | $-254.0M | $2.7B | ||
| Q4 24 | $-279.0M | $2.8B | ||
| Q3 24 | $-88.0M | $2.7B | ||
| Q2 24 | $-26.0M | $2.5B |
总资产MASMLI
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $3.7B | ||
| Q3 25 | $5.3B | $3.7B | ||
| Q2 25 | $5.3B | $3.5B | ||
| Q1 25 | $5.1B | $3.2B | ||
| Q4 24 | $5.0B | $3.3B | ||
| Q3 24 | $5.3B | $3.2B | ||
| Q2 24 | $5.4B | $3.1B |
负债/权益比MASMLI
| Q1 26 | 109.07× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $141.2M |
| 自由现金流经营现金流 - 资本支出 | — | $121.4M |
| 自由现金流率自由现金流/营收 | — | 12.6% |
| 资本支出强度资本支出/营收 | 1.8% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 0.92× |
| 过去12个月自由现金流最近4个季度 | — | $686.6M |
8季度趋势，按日历期对齐
经营现金流MASMLI
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $141.2M | ||
| Q3 25 | $456.0M | $310.1M | ||
| Q2 25 | $306.0M | $190.6M | ||
| Q1 25 | $-158.0M | $113.6M | ||
| Q4 24 | $407.0M | $140.1M | ||
| Q3 24 | $416.0M | $231.4M | ||
| Q2 24 | $346.0M | $100.8M |
自由现金流MASMLI
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $121.4M | ||
| Q3 25 | $415.0M | $291.8M | ||
| Q2 25 | $270.0M | $176.5M | ||
| Q1 25 | $-190.0M | $97.0M | ||
| Q4 24 | $351.0M | $111.2M | ||
| Q3 24 | $378.0M | $205.7M | ||
| Q2 24 | $303.0M | $91.6M |
自由现金流率MASMLI
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 12.6% | ||
| Q3 25 | 21.6% | 27.1% | ||
| Q2 25 | 13.2% | 15.5% | ||
| Q1 25 | -10.5% | 9.7% | ||
| Q4 24 | 19.2% | 12.0% | ||
| Q3 24 | 19.1% | 20.6% | ||
| Q2 24 | 14.5% | 9.2% |
资本支出强度MASMLI
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 2.1% | ||
| Q3 25 | 2.1% | 1.7% | ||
| Q2 25 | 1.8% | 1.2% | ||
| Q1 25 | 1.8% | 1.7% | ||
| Q4 24 | 3.1% | 3.1% | ||
| Q3 24 | 1.9% | 2.6% | ||
| Q2 24 | 2.1% | 0.9% |
现金转化率MASMLI
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 0.92× | ||
| Q3 25 | 2.41× | 1.49× | ||
| Q2 25 | 1.13× | 0.78× | ||
| Q1 25 | -0.85× | 0.72× | ||
| Q4 24 | 2.24× | 1.02× | ||
| Q3 24 | 2.49× | 1.37× | ||
| Q2 24 | 1.34× | 0.63× |
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
MAS
暂无分部数据
MLI
| Tube And Fittings | $484.6M | 50% |
| Industrial Metals | $252.2M | 26% |
| Valves And Plumbing Specialties | $122.5M | 13% |
| Flex Duct And Other HVAC Components | $80.8M | 8% |
| Other Products | $14.9M | 2% |
