vs
MERCURY GENERAL CORP（MCY）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
MERCURY GENERAL CORP的季度营收约是Martin Marietta Materials的1.3倍（$1.5B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 13.2%，领先11.3%），MERCURY GENERAL CORP同比增速更快（12.4% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $273.9M），过去两年MERCURY GENERAL CORP的营收复合增速更高（9.8% vs -4.5%）
水星通用集团是一家综合性保险机构，业务覆盖个人车险、房主保险、租客保险及商业保险等多个品类，其中车险与房主保险是公司的核心经营板块。
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。
MCY vs MLM — 直观对比
营收规模更大
MCY
是对方的1.3倍
$1.1B
营收增速更快
MCY
高出42.6%
-30.1%
净利率更高
MLM
高出11.3%
13.2%
自由现金流更多
MLM
多$150.1M
$273.9M
两年增速更快
MCY
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.1B |
| 净利润 | $202.5M | $279.0M |
| 毛利率 | 99.7% | 35.0% |
| 营业利润率 | 16.2% | 24.6% |
| 净利率 | 13.2% | 24.5% |
| 营收同比 | 12.4% | -30.1% |
| 净利润同比 | 100.4% | -4.8% |
| 每股收益（稀释后） | $3.66 | $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MCYMLM
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.5B | $1.9B | ||
| Q2 24 | $1.3B | $1.8B | ||
| Q1 24 | $1.3B | $1.3B |
净利润MCYMLM
| Q4 25 | $202.5M | $279.0M | ||
| Q3 25 | $280.4M | $414.0M | ||
| Q2 25 | $166.5M | $328.0M | ||
| Q1 25 | $-108.3M | $116.0M | ||
| Q4 24 | $101.1M | $293.0M | ||
| Q3 24 | $230.9M | $363.0M | ||
| Q2 24 | $62.6M | $294.0M | ||
| Q1 24 | $73.5M | $1.0B |
毛利率MCYMLM
| Q4 25 | 99.7% | 35.0% | ||
| Q3 25 | 99.8% | 33.1% | ||
| Q2 25 | 99.8% | 30.0% | ||
| Q1 25 | 99.7% | 24.8% | ||
| Q4 24 | 99.7% | 30.0% | ||
| Q3 24 | 99.8% | 31.7% | ||
| Q2 24 | 99.8% | 29.3% | ||
| Q1 24 | 99.7% | 21.7% |
营业利润率MCYMLM
| Q4 25 | 16.2% | 24.6% | ||
| Q3 25 | 22.1% | 27.4% | ||
| Q2 25 | 14.0% | 25.3% | ||
| Q1 25 | -10.2% | 14.3% | ||
| Q4 24 | 9.0% | 24.4% | ||
| Q3 24 | 18.8% | 25.9% | ||
| Q2 24 | 5.8% | 22.6% | ||
| Q1 24 | 7.0% | — |
净利率MCYMLM
| Q4 25 | 13.2% | 24.5% | ||
| Q3 25 | 17.7% | 22.4% | ||
| Q2 25 | 11.3% | 18.1% | ||
| Q1 25 | -7.8% | 8.6% | ||
| Q4 24 | 7.4% | 18.0% | ||
| Q3 24 | 15.1% | 19.2% | ||
| Q2 24 | 4.8% | 16.7% | ||
| Q1 24 | 5.8% | 83.5% |
每股收益（稀释后）MCYMLM
| Q4 25 | $3.66 | $4.59 | ||
| Q3 25 | $5.06 | $6.85 | ||
| Q2 25 | $3.01 | $5.43 | ||
| Q1 25 | $-1.96 | $1.90 | ||
| Q4 24 | $1.82 | $4.87 | ||
| Q3 24 | $4.17 | $5.91 | ||
| Q2 24 | $1.13 | $4.76 | ||
| Q1 24 | $1.33 | $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 | $575.0M | $5.3B |
| 股东权益账面价值 | $2.4B | $10.0B |
| 总资产 | $9.6B | $18.7B |
| 负债/权益比越低杠杆越低 | 0.24× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资MCYMLM
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $57.0M | ||
| Q2 25 | — | $225.0M | ||
| Q1 25 | — | $101.0M | ||
| Q4 24 | — | $670.0M | ||
| Q3 24 | — | $52.0M | ||
| Q2 24 | — | $109.0M | ||
| Q1 24 | — | $2.6B |
总债务MCYMLM
| Q4 25 | $575.0M | $5.3B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | $575.0M | $5.4B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
股东权益MCYMLM
| Q4 25 | $2.4B | $10.0B | ||
| Q3 25 | $2.2B | $9.7B | ||
| Q2 25 | $2.0B | $9.4B | ||
| Q1 25 | $1.8B | $9.1B | ||
| Q4 24 | $1.9B | $9.5B | ||
| Q3 24 | $1.9B | $9.2B | ||
| Q2 24 | $1.6B | $8.8B | ||
| Q1 24 | $1.6B | $8.9B |
总资产MCYMLM
| Q4 25 | $9.6B | $18.7B | ||
| Q3 25 | $9.4B | $18.7B | ||
| Q2 25 | $9.1B | $18.1B | ||
| Q1 25 | $9.0B | $17.7B | ||
| Q4 24 | $8.3B | $18.2B | ||
| Q3 24 | $8.2B | $16.5B | ||
| Q2 24 | $7.7B | $16.3B | ||
| Q1 24 | $7.4B | $16.2B |
负债/权益比MCYMLM
| Q4 25 | 0.24× | 0.53× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | 0.30× | 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 | $287.9M | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $273.9M | $424.0M |
| 自由现金流率自由现金流/营收 | 17.8% | 37.2% |
| 资本支出强度资本支出/营收 | 0.9% | 18.0% |
| 现金转化率经营现金流/净利润 | 1.42× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $978.0M |
8季度趋势，按日历期对齐
经营现金流MCYMLM
| Q4 25 | $287.9M | $629.0M | ||
| Q3 25 | $496.4M | $551.0M | ||
| Q2 25 | $371.6M | $387.0M | ||
| Q1 25 | $-68.7M | $218.0M | ||
| Q4 24 | $248.3M | $686.0M | ||
| Q3 24 | $318.1M | $600.0M | ||
| Q2 24 | $278.0M | $1.0M | ||
| Q1 24 | $192.6M | $172.0M |
自由现金流MCYMLM
| Q4 25 | $273.9M | $424.0M | ||
| Q3 25 | $479.5M | $361.0M | ||
| Q2 25 | $357.2M | $208.0M | ||
| Q1 25 | $-81.9M | $-15.0M | ||
| Q4 24 | $236.0M | $453.0M | ||
| Q3 24 | $306.2M | $317.0M | ||
| Q2 24 | $266.5M | $-138.0M | ||
| Q1 24 | $182.4M | $-28.0M |
自由现金流率MCYMLM
| Q4 25 | 17.8% | 37.2% | ||
| Q3 25 | 30.3% | 19.6% | ||
| Q2 25 | 24.2% | 11.5% | ||
| Q1 25 | -5.9% | -1.1% | ||
| Q4 24 | 17.3% | 27.8% | ||
| Q3 24 | 20.0% | 16.8% | ||
| Q2 24 | 20.4% | -7.8% | ||
| Q1 24 | 14.3% | -2.2% |
资本支出强度MCYMLM
| Q4 25 | 0.9% | 18.0% | ||
| Q3 25 | 1.1% | 10.3% | ||
| Q2 25 | 1.0% | 9.9% | ||
| Q1 25 | 0.9% | 17.2% | ||
| Q4 24 | 0.9% | 14.3% | ||
| Q3 24 | 0.8% | 15.0% | ||
| Q2 24 | 0.9% | 7.9% | ||
| Q1 24 | 0.8% | 16.0% |
现金转化率MCYMLM
| Q4 25 | 1.42× | 2.25× | ||
| Q3 25 | 1.77× | 1.33× | ||
| Q2 25 | 2.23× | 1.18× | ||
| Q1 25 | — | 1.88× | ||
| Q4 24 | 2.46× | 2.34× | ||
| Q3 24 | 1.38× | 1.65× | ||
| Q2 24 | 4.44× | 0.00× | ||
| Q1 24 | 2.62× | 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
MCY
暂无分部数据
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% |
