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美森（MATX）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的季度营收约是美森的1.3倍（$1.1B vs $851.9M），Martin Marietta Materials净利率更高（24.5% vs 16.8%，领先7.7%），美森同比增速更快（-4.3% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $42.2M），过去两年美森的营收复合增速更高（8.6% vs -4.5%）
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
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。
MATX vs MLM — 直观对比
营收规模更大
MLM
是对方的1.3倍
$851.9M
营收增速更快
MATX
高出25.8%
-30.1%
净利率更高
MLM
高出7.7%
16.8%
自由现金流更多
MLM
多$381.8M
$42.2M
两年增速更快
MATX
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $1.1B |
| 净利润 | $143.1M | $279.0M |
| 毛利率 | — | 35.0% |
| 营业利润率 | 16.9% | 24.6% |
| 净利率 | 16.8% | 24.5% |
| 营收同比 | -4.3% | -30.1% |
| 净利润同比 | 11.8% | -4.8% |
| 每股收益（稀释后） | $4.47 | $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MATXMLM
| Q4 25 | $851.9M | $1.1B | ||
| Q3 25 | $880.1M | $1.8B | ||
| Q2 25 | $830.5M | $1.8B | ||
| Q1 25 | $782.0M | $1.4B | ||
| Q4 24 | $890.3M | $1.6B | ||
| Q3 24 | $962.0M | $1.9B | ||
| Q2 24 | $847.4M | $1.8B | ||
| Q1 24 | $722.1M | $1.3B |
净利润MATXMLM
| Q4 25 | $143.1M | $279.0M | ||
| Q3 25 | $134.7M | $414.0M | ||
| Q2 25 | $94.7M | $328.0M | ||
| Q1 25 | $72.3M | $116.0M | ||
| Q4 24 | $128.0M | $293.0M | ||
| Q3 24 | $199.1M | $363.0M | ||
| Q2 24 | $113.2M | $294.0M | ||
| Q1 24 | $36.1M | $1.0B |
毛利率MATXMLM
| 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MATXMLM
| Q4 25 | 16.9% | 24.6% | ||
| Q3 25 | 18.3% | 27.4% | ||
| Q2 25 | 13.6% | 25.3% | ||
| Q1 25 | 10.5% | 14.3% | ||
| Q4 24 | 16.6% | 24.4% | ||
| Q3 24 | 25.2% | 25.9% | ||
| Q2 24 | 14.7% | 22.6% | ||
| Q1 24 | 5.1% | — |
净利率MATXMLM
| Q4 25 | 16.8% | 24.5% | ||
| Q3 25 | 15.3% | 22.4% | ||
| Q2 25 | 11.4% | 18.1% | ||
| Q1 25 | 9.2% | 8.6% | ||
| Q4 24 | 14.4% | 18.0% | ||
| Q3 24 | 20.7% | 19.2% | ||
| Q2 24 | 13.4% | 16.7% | ||
| Q1 24 | 5.0% | 83.5% |
每股收益（稀释后）MATXMLM
| Q4 25 | $4.47 | $4.59 | ||
| Q3 25 | $4.24 | $6.85 | ||
| Q2 25 | $2.92 | $5.43 | ||
| Q1 25 | $2.18 | $1.90 | ||
| Q4 24 | $3.69 | $4.87 | ||
| Q3 24 | $5.89 | $5.91 | ||
| Q2 24 | $3.31 | $4.76 | ||
| Q1 24 | $1.04 | $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 | $141.9M | $67.0M |
| 总债务越低越好 | $361.2M | $5.3B |
| 股东权益账面价值 | $2.8B | $10.0B |
| 总资产 | $4.6B | $18.7B |
| 负债/权益比越低杠杆越低 | 0.13× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资MATXMLM
| Q4 25 | $141.9M | $67.0M | ||
| Q3 25 | $92.7M | $57.0M | ||
| Q2 25 | $59.1M | $225.0M | ||
| Q1 25 | $122.0M | $101.0M | ||
| Q4 24 | $266.8M | $670.0M | ||
| Q3 24 | $270.3M | $52.0M | ||
| Q2 24 | $168.2M | $109.0M | ||
| Q1 24 | $25.9M | $2.6B |
总债务MATXMLM
| Q4 25 | $361.2M | $5.3B | ||
| Q3 25 | $370.9M | $5.5B | ||
| Q2 25 | $341.3M | $5.4B | ||
| Q1 25 | $351.1M | $5.4B | ||
| Q4 24 | $361.2M | $5.4B | ||
| Q3 24 | $370.9M | $4.0B | ||
| Q2 24 | $381.0M | $4.3B | ||
| Q1 24 | $390.8M | $4.3B |
股东权益MATXMLM
| Q4 25 | $2.8B | $10.0B | ||
| Q3 25 | $2.7B | $9.7B | ||
| Q2 25 | $2.6B | $9.4B | ||
| Q1 25 | $2.6B | $9.1B | ||
| Q4 24 | $2.7B | $9.5B | ||
| Q3 24 | $2.6B | $9.2B | ||
| Q2 24 | $2.4B | $8.8B | ||
| Q1 24 | $2.4B | $8.9B |
总资产MATXMLM
| Q4 25 | $4.6B | $18.7B | ||
| Q3 25 | $4.6B | $18.7B | ||
| Q2 25 | $4.5B | $18.1B | ||
| Q1 25 | $4.5B | $17.7B | ||
| Q4 24 | $4.6B | $18.2B | ||
| Q3 24 | $4.4B | $16.5B | ||
| Q2 24 | $4.3B | $16.3B | ||
| Q1 24 | $4.2B | $16.2B |
负债/权益比MATXMLM
| Q4 25 | 0.13× | 0.53× | ||
| Q3 25 | 0.14× | 0.57× | ||
| Q2 25 | 0.13× | 0.58× | ||
| Q1 25 | 0.13× | 0.60× | ||
| Q4 24 | 0.14× | 0.57× | ||
| Q3 24 | 0.15× | 0.44× | ||
| Q2 24 | 0.16× | 0.49× | ||
| Q1 24 | 0.16× | 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 | $176.9M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $424.0M |
| 自由现金流率自由现金流/营收 | 5.0% | 37.2% |
| 资本支出强度资本支出/营收 | 15.8% | 18.0% |
| 现金转化率经营现金流/净利润 | 1.24× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $153.7M | $978.0M |
8季度趋势，按日历期对齐
经营现金流MATXMLM
| Q4 25 | $176.9M | $629.0M | ||
| Q3 25 | $175.6M | $551.0M | ||
| Q2 25 | $105.6M | $387.0M | ||
| Q1 25 | $89.0M | $218.0M | ||
| Q4 24 | $174.7M | $686.0M | ||
| Q3 24 | $248.6M | $600.0M | ||
| Q2 24 | $307.9M | $1.0M | ||
| Q1 24 | $36.6M | $172.0M |
自由现金流MATXMLM
| Q4 25 | $42.2M | $424.0M | ||
| Q3 25 | $92.4M | $361.0M | ||
| Q2 25 | $19.3M | $208.0M | ||
| Q1 25 | $-200.0K | $-15.0M | ||
| Q4 24 | $49.3M | $453.0M | ||
| Q3 24 | $189.0M | $317.0M | ||
| Q2 24 | $238.1M | $-138.0M | ||
| Q1 24 | $-18.7M | $-28.0M |
自由现金流率MATXMLM
| Q4 25 | 5.0% | 37.2% | ||
| Q3 25 | 10.5% | 19.6% | ||
| Q2 25 | 2.3% | 11.5% | ||
| Q1 25 | -0.0% | -1.1% | ||
| Q4 24 | 5.5% | 27.8% | ||
| Q3 24 | 19.6% | 16.8% | ||
| Q2 24 | 28.1% | -7.8% | ||
| Q1 24 | -2.6% | -2.2% |
资本支出强度MATXMLM
| Q4 25 | 15.8% | 18.0% | ||
| Q3 25 | 9.5% | 10.3% | ||
| Q2 25 | 10.4% | 9.9% | ||
| Q1 25 | 11.4% | 17.2% | ||
| Q4 24 | 14.1% | 14.3% | ||
| Q3 24 | 6.2% | 15.0% | ||
| Q2 24 | 8.2% | 7.9% | ||
| Q1 24 | 7.7% | 16.0% |
现金转化率MATXMLM
| Q4 25 | 1.24× | 2.25× | ||
| Q3 25 | 1.30× | 1.33× | ||
| Q2 25 | 1.12× | 1.18× | ||
| Q1 25 | 1.23× | 1.88× | ||
| Q4 24 | 1.36× | 2.34× | ||
| Q3 24 | 1.25× | 1.65× | ||
| Q2 24 | 2.72× | 0.00× | ||
| Q1 24 | 1.01× | 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
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
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% |
