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MUELLER INDUSTRIES INC（MLI）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是MUELLER INDUSTRIES INC的1.2倍（$1.2B vs $962.4M），先锋自然资源公司净利率更高（29.0% vs 16.0%，领先13.1%），MUELLER INDUSTRIES INC同比增速更快（4.2% vs -9.8%），过去两年MUELLER INDUSTRIES INC的营收复合增速更高（6.4% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
MLI vs PR — 直观对比
营收规模更大
PR
是对方的1.2倍
$962.4M
营收增速更快
MLI
高出14.0%
-9.8%
净利率更高
PR
高出13.1%
16.0%
两年增速更快
MLI
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $962.4M | $1.2B |
| 净利润 | $153.7M | $339.5M |
| 毛利率 | — | — |
| 营业利润率 | 17.9% | 23.1% |
| 净利率 | 16.0% | 29.0% |
| 营收同比 | 4.2% | -9.8% |
| 净利润同比 | 11.7% | 56.7% |
| 每股收益（稀释后） | $1.37 | $0.48 |
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MLIPR
| Q4 25 | $962.4M | $1.2B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $923.5M | $1.3B | ||
| Q3 24 | $997.8M | $1.2B | ||
| Q2 24 | $997.7M | $1.2B | ||
| Q1 24 | $849.7M | $1.2B |
净利润MLIPR
| Q4 25 | $153.7M | $339.5M | ||
| Q3 25 | $208.1M | $59.2M | ||
| Q2 25 | $245.9M | $207.1M | ||
| Q1 25 | $157.4M | $329.3M | ||
| Q4 24 | $137.7M | $216.7M | ||
| Q3 24 | $168.7M | $386.4M | ||
| Q2 24 | $160.2M | $235.1M | ||
| Q1 24 | $138.4M | $146.6M |
毛利率MLIPR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 27.6% | — | ||
| Q2 24 | 27.3% | — | ||
| Q1 24 | 28.4% | — |
营业利润率MLIPR
| Q4 25 | 17.9% | 23.1% | ||
| Q3 25 | 25.6% | 29.6% | ||
| Q2 25 | 26.7% | 24.8% | ||
| Q1 25 | 20.6% | 36.6% | ||
| Q4 24 | 18.4% | 32.8% | ||
| Q3 24 | 20.7% | 32.5% | ||
| Q2 24 | 21.0% | 36.5% | ||
| Q1 24 | 21.6% | 37.7% |
净利率MLIPR
| Q4 25 | 16.0% | 29.0% | ||
| Q3 25 | 19.3% | 4.5% | ||
| Q2 25 | 21.6% | 17.3% | ||
| Q1 25 | 15.7% | 23.9% | ||
| Q4 24 | 14.9% | 16.7% | ||
| Q3 24 | 16.9% | 31.8% | ||
| Q2 24 | 16.1% | 18.9% | ||
| Q1 24 | 16.3% | 11.8% |
每股收益（稀释后）MLIPR
| Q4 25 | $1.37 | $0.48 | ||
| Q3 25 | $1.88 | $0.08 | ||
| Q2 25 | $2.22 | $0.28 | ||
| Q1 25 | $1.39 | $0.44 | ||
| Q4 24 | $1.21 | $0.31 | ||
| Q3 24 | $1.48 | $0.53 | ||
| Q2 24 | $1.41 | $0.36 | ||
| Q1 24 | $1.21 | $0.25 |
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 | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $3.2B | $10.3B |
| 总资产 | $3.7B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资MLIPR
| Q4 25 | $1.4B | $153.7M | ||
| Q3 25 | $1.3B | $111.8M | ||
| Q2 25 | $1.1B | $451.0M | ||
| Q1 25 | $873.6M | $702.2M | ||
| Q4 24 | $1.1B | $479.3M | ||
| Q3 24 | $969.6M | $272.0M | ||
| Q2 24 | $825.7M | $47.8M | ||
| Q1 24 | $1.4B | $12.7M |
总债务MLIPR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益MLIPR
| Q4 25 | $3.2B | $10.3B | ||
| Q3 25 | $3.1B | $10.0B | ||
| Q2 25 | $2.9B | $9.5B | ||
| Q1 25 | $2.7B | $9.4B | ||
| Q4 24 | $2.8B | $9.1B | ||
| Q3 24 | $2.7B | $9.0B | ||
| Q2 24 | $2.5B | $8.3B | ||
| Q1 24 | $2.4B | $7.0B |
总资产MLIPR
| Q4 25 | $3.7B | $17.9B | ||
| Q3 25 | $3.7B | $17.3B | ||
| Q2 25 | $3.5B | $17.5B | ||
| Q1 25 | $3.2B | $17.1B | ||
| Q4 24 | $3.3B | $16.9B | ||
| Q3 24 | $3.2B | $16.6B | ||
| Q2 24 | $3.1B | $15.4B | ||
| Q1 24 | $2.9B | $15.1B |
负债/权益比MLIPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
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 | $904.3M |
| 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 | 2.1% | — |
| 现金转化率经营现金流/净利润 | 0.92× | 2.66× |
| 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MLIPR
| Q4 25 | $141.2M | $904.3M | ||
| Q3 25 | $310.1M | $766.5M | ||
| Q2 25 | $190.6M | $1.0B | ||
| Q1 25 | $113.6M | $898.0M | ||
| Q4 24 | $140.1M | $871.6M | ||
| Q3 24 | $231.4M | $954.4M | ||
| Q2 24 | $100.8M | $938.4M | ||
| Q1 24 | $173.6M | $647.6M |
自由现金流MLIPR
| Q4 25 | $121.4M | — | ||
| Q3 25 | $291.8M | — | ||
| Q2 25 | $176.5M | — | ||
| Q1 25 | $97.0M | — | ||
| Q4 24 | $111.2M | — | ||
| Q3 24 | $205.7M | — | ||
| Q2 24 | $91.6M | — | ||
| Q1 24 | $157.2M | — |
自由现金流率MLIPR
| Q4 25 | 12.6% | — | ||
| Q3 25 | 27.1% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 9.7% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 18.5% | — |
资本支出强度MLIPR
| Q4 25 | 2.1% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 1.9% | — |
现金转化率MLIPR
| Q4 25 | 0.92× | 2.66× | ||
| Q3 25 | 1.49× | 12.94× | ||
| Q2 25 | 0.78× | 5.01× | ||
| Q1 25 | 0.72× | 2.73× | ||
| Q4 24 | 1.02× | 4.02× | ||
| Q3 24 | 1.37× | 2.47× | ||
| Q2 24 | 0.63× | 3.99× | ||
| Q1 24 | 1.25× | 4.42× |
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
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
