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Masco（MAS）与Vulcan Materials Company（VMC）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Vulcan Materials Company的1.0倍（$1.8B vs $1.8B），Vulcan Materials Company净利率更高（9.4% vs 9.2%，领先0.2%），Vulcan Materials Company同比增速更快（7.4% vs -1.9%），过去两年Masco的营收复合增速更高（-3.5% vs -6.6%）
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。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
MAS vs VMC — 直观对比
营收规模更大
MAS
是对方的1.0倍
$1.8B
营收增速更快
VMC
高出9.3%
-1.9%
净利率更高
VMC
高出0.2%
9.2%
两年增速更快
MAS
近两年复合增速
-6.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.8B |
| 净利润 | $165.0M | $165.0M |
| 毛利率 | 33.9% | 24.1% |
| 营业利润率 | 13.8% | 15.1% |
| 净利率 | 9.2% | 9.4% |
| 营收同比 | -1.9% | 7.4% |
| 净利润同比 | -9.3% | 27.9% |
| 每股收益（稀释后） | $0.81 | — |
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MASVMC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.8B | $1.9B | ||
| Q3 25 | $1.9B | $2.3B | ||
| Q2 25 | $2.1B | $2.1B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $2.1B | $2.0B |
净利润MASVMC
| Q1 26 | — | $165.0M | ||
| Q4 25 | $165.0M | $252.0M | ||
| Q3 25 | $189.0M | $374.9M | ||
| Q2 25 | $270.0M | $320.9M | ||
| Q1 25 | $186.0M | $128.9M | ||
| Q4 24 | $182.0M | $293.6M | ||
| Q3 24 | $167.0M | $207.6M | ||
| Q2 24 | $258.0M | $308.0M |
毛利率MASVMC
| Q1 26 | — | 24.1% | ||
| Q4 25 | 33.9% | 25.5% | ||
| Q3 25 | 34.2% | 30.4% | ||
| Q2 25 | 37.6% | 29.7% | ||
| Q1 25 | 35.8% | 22.3% | ||
| Q4 24 | 34.8% | 29.0% | ||
| Q3 24 | 36.6% | 28.2% | ||
| Q2 24 | 37.5% | 29.4% |
营业利润率MASVMC
| Q1 26 | — | 15.1% | ||
| Q4 25 | 13.8% | 19.8% | ||
| Q3 25 | 15.8% | 23.7% | ||
| Q2 25 | 20.1% | 22.4% | ||
| Q1 25 | 15.9% | 13.9% | ||
| Q4 24 | 15.9% | 21.6% | ||
| Q3 24 | 18.0% | 16.8% | ||
| Q2 24 | 19.0% | 22.5% |
净利率MASVMC
| Q1 26 | — | 9.4% | ||
| Q4 25 | 9.2% | 13.2% | ||
| Q3 25 | 9.9% | 16.4% | ||
| Q2 25 | 13.2% | 15.3% | ||
| Q1 25 | 10.3% | 7.9% | ||
| Q4 24 | 10.0% | 15.8% | ||
| Q3 24 | 8.4% | 10.4% | ||
| Q2 24 | 12.3% | 15.3% |
每股收益（稀释后）MASVMC
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $1.90 | ||
| Q3 25 | $0.90 | $2.82 | ||
| Q2 25 | $1.28 | $2.42 | ||
| Q1 25 | $0.87 | $0.97 | ||
| Q4 24 | $0.85 | $2.21 | ||
| Q3 24 | $0.77 | $1.56 | ||
| Q2 24 | $1.17 | $2.31 |
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 | $647.0M | $140.2M |
| 总债务越低越好 | $2.9B | $4.4B |
| 股东权益账面价值 | $-185.0M | $8.5B |
| 总资产 | $5.2B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资MASVMC
| Q1 26 | — | $140.2M | ||
| Q4 25 | $647.0M | $183.3M | ||
| Q3 25 | $559.0M | $191.3M | ||
| Q2 25 | $390.0M | $347.4M | ||
| Q1 25 | $377.0M | $181.3M | ||
| Q4 24 | $634.0M | $559.7M | ||
| Q3 24 | $646.0M | $433.2M | ||
| Q2 24 | $398.0M | $111.0M |
总债务MASVMC
| Q1 26 | — | $4.4B | ||
| Q4 25 | $2.9B | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | $2.9B | $5.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B |
股东权益MASVMC
| Q1 26 | — | $8.5B | ||
| Q4 25 | $-185.0M | $8.5B | ||
| Q3 25 | $-78.0M | $8.7B | ||
| Q2 25 | $-84.0M | $8.4B | ||
| Q1 25 | $-254.0M | $8.1B | ||
| Q4 24 | $-279.0M | $8.1B | ||
| Q3 24 | $-88.0M | $7.9B | ||
| Q2 24 | $-26.0M | $7.7B |
总资产MASVMC
| Q1 26 | — | $16.7B | ||
| Q4 25 | $5.2B | $16.7B | ||
| Q3 25 | $5.3B | $17.0B | ||
| Q2 25 | $5.3B | $17.0B | ||
| Q1 25 | $5.1B | $16.7B | ||
| Q4 24 | $5.0B | $17.1B | ||
| Q3 24 | $5.3B | $14.4B | ||
| Q2 24 | $5.4B | $14.2B |
负债/权益比MASVMC
| Q1 26 | — | 0.51× | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× |
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 | $418.0M | $241.1M |
| 自由现金流经营现金流 - 资本支出 | $371.0M | — |
| 自由现金流率自由现金流/营收 | 20.7% | — |
| 资本支出强度资本支出/营收 | 2.6% | — |
| 现金转化率经营现金流/净利润 | 2.53× | 1.46× |
| 过去12个月自由现金流最近4个季度 | $866.0M | — |
8季度趋势，按日历期对齐
经营现金流MASVMC
| Q1 26 | — | $241.1M | ||
| Q4 25 | $418.0M | $543.0M | ||
| Q3 25 | $456.0M | $676.8M | ||
| Q2 25 | $306.0M | $341.7M | ||
| Q1 25 | $-158.0M | $251.5M | ||
| Q4 24 | $407.0M | $440.1M | ||
| Q3 24 | $416.0M | $595.0M | ||
| Q2 24 | $346.0M | $201.1M |
自由现金流MASVMC
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $358.2M | ||
| Q3 25 | $415.0M | $454.8M | ||
| Q2 25 | $270.0M | $238.8M | ||
| Q1 25 | $-190.0M | $83.5M | ||
| Q4 24 | $351.0M | $277.6M | ||
| Q3 24 | $378.0M | $498.2M | ||
| Q2 24 | $303.0M | $9.7M |
自由现金流率MASVMC
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 18.7% | ||
| Q3 25 | 21.6% | 19.8% | ||
| Q2 25 | 13.2% | 11.4% | ||
| Q1 25 | -10.5% | 5.1% | ||
| Q4 24 | 19.2% | 15.0% | ||
| Q3 24 | 19.1% | 24.9% | ||
| Q2 24 | 14.5% | 0.5% |
资本支出强度MASVMC
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 9.7% | ||
| Q3 25 | 2.1% | 9.7% | ||
| Q2 25 | 1.8% | 4.9% | ||
| Q1 25 | 1.8% | 10.3% | ||
| Q4 24 | 3.1% | 8.8% | ||
| Q3 24 | 1.9% | 4.8% | ||
| Q2 24 | 2.1% | 9.5% |
现金转化率MASVMC
| Q1 26 | — | 1.46× | ||
| Q4 25 | 2.53× | 2.15× | ||
| Q3 25 | 2.41× | 1.81× | ||
| Q2 25 | 1.13× | 1.06× | ||
| Q1 25 | -0.85× | 1.95× | ||
| Q4 24 | 2.24× | 1.50× | ||
| Q3 24 | 2.49× | 2.87× | ||
| Q2 24 | 1.34× | 0.65× |
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
| Plumbing Products | $844.0M | 47% |
| Decorative Architectural Products | $545.0M | 30% |
| Other | $404.0M | 23% |
VMC
暂无分部数据
