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MUELLER INDUSTRIES INC（MLI）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是MUELLER INDUSTRIES INC的1.5倍（$1.5B vs $962.4M），MUELLER INDUSTRIES INC净利率更高（16.0% vs -3.1%，领先19.1%），MUELLER INDUSTRIES INC同比增速更快（4.2% vs -11.9%），MUELLER INDUSTRIES INC自由现金流更多（$121.4M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 6.4%）
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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
MLI vs RXO — 直观对比
营收规模更大
RXO
是对方的1.5倍
$962.4M
营收增速更快
MLI
高出16.1%
-11.9%
净利率更高
MLI
高出19.1%
-3.1%
自由现金流更多
MLI
多$130.4M
$-9.0M
两年增速更快
RXO
近两年复合增速
6.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $962.4M | $1.5B |
| 净利润 | $153.7M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.9% | -2.9% |
| 净利率 | 16.0% | -3.1% |
| 营收同比 | 4.2% | -11.9% |
| 净利润同比 | 11.7% | -84.0% |
| 每股收益（稀释后） | $1.37 | $-0.28 |
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MLIRXO
| Q4 25 | $962.4M | $1.5B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $923.5M | $1.7B | ||
| Q3 24 | $997.8M | $1.0B | ||
| Q2 24 | $997.7M | $930.0M | ||
| Q1 24 | $849.7M | $913.0M |
净利润MLIRXO
| Q4 25 | $153.7M | $-46.0M | ||
| Q3 25 | $208.1M | $-14.0M | ||
| Q2 25 | $245.9M | $-9.0M | ||
| Q1 25 | $157.4M | $-31.0M | ||
| Q4 24 | $137.7M | $-25.0M | ||
| Q3 24 | $168.7M | $-243.0M | ||
| Q2 24 | $160.2M | $-7.0M | ||
| Q1 24 | $138.4M | $-15.0M |
毛利率MLIRXO
| 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MLIRXO
| Q4 25 | 17.9% | -2.9% | ||
| Q3 25 | 25.6% | -0.5% | ||
| Q2 25 | 26.7% | — | ||
| Q1 25 | 20.6% | -2.1% | ||
| Q4 24 | 18.4% | -1.4% | ||
| Q3 24 | 20.7% | -1.9% | ||
| Q2 24 | 21.0% | — | ||
| Q1 24 | 21.6% | -1.3% |
净利率MLIRXO
| Q4 25 | 16.0% | -3.1% | ||
| Q3 25 | 19.3% | -1.0% | ||
| Q2 25 | 21.6% | -0.6% | ||
| Q1 25 | 15.7% | -2.2% | ||
| Q4 24 | 14.9% | -1.5% | ||
| Q3 24 | 16.9% | -23.4% | ||
| Q2 24 | 16.1% | -0.8% | ||
| Q1 24 | 16.3% | -1.6% |
每股收益（稀释后）MLIRXO
| Q4 25 | $1.37 | $-0.28 | ||
| Q3 25 | $1.88 | $-0.08 | ||
| Q2 25 | $2.22 | $-0.05 | ||
| Q1 25 | $1.39 | $-0.18 | ||
| Q4 24 | $1.21 | $-0.17 | ||
| Q3 24 | $1.48 | $-1.81 | ||
| Q2 24 | $1.41 | $-0.06 | ||
| Q1 24 | $1.21 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $3.2B | $1.5B |
| 总资产 | $3.7B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资MLIRXO
| Q4 25 | $1.4B | $17.0M | ||
| Q3 25 | $1.3B | $25.0M | ||
| Q2 25 | $1.1B | $18.0M | ||
| Q1 25 | $873.6M | $16.0M | ||
| Q4 24 | $1.1B | $35.0M | ||
| Q3 24 | $969.6M | $55.0M | ||
| Q2 24 | $825.7M | $7.0M | ||
| Q1 24 | $1.4B | $7.0M |
总债务MLIRXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益MLIRXO
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $3.1B | $1.6B | ||
| Q2 25 | $2.9B | $1.6B | ||
| Q1 25 | $2.7B | $1.6B | ||
| Q4 24 | $2.8B | $1.6B | ||
| Q3 24 | $2.7B | $1.7B | ||
| Q2 24 | $2.5B | $579.0M | ||
| Q1 24 | $2.4B | $582.0M |
总资产MLIRXO
| Q4 25 | $3.7B | $3.3B | ||
| Q3 25 | $3.7B | $3.2B | ||
| Q2 25 | $3.5B | $3.2B | ||
| Q1 25 | $3.2B | $3.3B | ||
| Q4 24 | $3.3B | $3.4B | ||
| Q3 24 | $3.2B | $3.4B | ||
| Q2 24 | $3.1B | $1.8B | ||
| Q1 24 | $2.9B | $1.8B |
负债/权益比MLIRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $121.4M | $-9.0M |
| 自由现金流率自由现金流/营收 | 12.6% | -0.6% |
| 资本支出强度资本支出/营收 | 2.1% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流MLIRXO
| Q4 25 | $141.2M | $7.0M | ||
| Q3 25 | $310.1M | $23.0M | ||
| Q2 25 | $190.6M | $23.0M | ||
| Q1 25 | $113.6M | $-2.0M | ||
| Q4 24 | $140.1M | $-7.0M | ||
| Q3 24 | $231.4M | $-7.0M | ||
| Q2 24 | $100.8M | $-5.0M | ||
| Q1 24 | $173.6M | $7.0M |
自由现金流MLIRXO
| Q4 25 | $121.4M | $-9.0M | ||
| Q3 25 | $291.8M | $9.0M | ||
| Q2 25 | $176.5M | $9.0M | ||
| Q1 25 | $97.0M | $-17.0M | ||
| Q4 24 | $111.2M | $-19.0M | ||
| Q3 24 | $205.7M | $-18.0M | ||
| Q2 24 | $91.6M | $-16.0M | ||
| Q1 24 | $157.2M | $-4.0M |
自由现金流率MLIRXO
| Q4 25 | 12.6% | -0.6% | ||
| Q3 25 | 27.1% | 0.6% | ||
| Q2 25 | 15.5% | 0.6% | ||
| Q1 25 | 9.7% | -1.2% | ||
| Q4 24 | 12.0% | -1.1% | ||
| Q3 24 | 20.6% | -1.7% | ||
| Q2 24 | 9.2% | -1.7% | ||
| Q1 24 | 18.5% | -0.4% |
资本支出强度MLIRXO
| Q4 25 | 2.1% | 1.1% | ||
| Q3 25 | 1.7% | 1.0% | ||
| Q2 25 | 1.2% | 1.0% | ||
| Q1 25 | 1.7% | 1.0% | ||
| Q4 24 | 3.1% | 0.7% | ||
| Q3 24 | 2.6% | 1.1% | ||
| Q2 24 | 0.9% | 1.2% | ||
| Q1 24 | 1.9% | 1.2% |
现金转化率MLIRXO
| Q4 25 | 0.92× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 0.78× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 1.25× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
