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Martin Marietta Materials（MLM）与Monolithic Power Systems（MPWR）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Monolithic Power Systems的1.5倍（$1.1B vs $751.2M），Martin Marietta Materials净利率更高（24.5% vs 22.9%，领先1.6%），Monolithic Power Systems同比增速更快（20.8% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $63.9M），过去两年Monolithic Power Systems的营收复合增速更高（28.1% vs -4.5%）
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。
Monolithic Power Systems（简称MPS）是一家美国上市企业，总部位于华盛顿州柯克兰市，主营高性能电源管理类产品的研发、生产与销售，目前在全球范围内设有超过15个运营站点，业务覆盖多个国家和地区。
MLM vs MPWR — 直观对比
营收规模更大
MLM
是对方的1.5倍
$751.2M
营收增速更快
MPWR
高出51.0%
-30.1%
净利率更高
MLM
高出1.6%
22.9%
自由现金流更多
MLM
多$360.1M
$63.9M
两年增速更快
MPWR
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $751.2M |
| 净利润 | $279.0M | $171.7M |
| 毛利率 | 35.0% | 55.2% |
| 营业利润率 | 24.6% | 26.6% |
| 净利率 | 24.5% | 22.9% |
| 营收同比 | -30.1% | 20.8% |
| 净利润同比 | -4.8% | -86.3% |
| 每股收益（稀释后） | $4.59 | $3.50 |
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MLMMPWR
| Q4 25 | $1.1B | $751.2M | ||
| Q3 25 | $1.8B | $737.2M | ||
| Q2 25 | $1.8B | $664.6M | ||
| Q1 25 | $1.4B | $637.6M | ||
| Q4 24 | $1.6B | $621.7M | ||
| Q3 24 | $1.9B | $620.1M | ||
| Q2 24 | $1.8B | $507.4M | ||
| Q1 24 | $1.3B | $457.9M |
净利润MLMMPWR
| Q4 25 | $279.0M | $171.7M | ||
| Q3 25 | $414.0M | $179.8M | ||
| Q2 25 | $328.0M | $135.0M | ||
| Q1 25 | $116.0M | $135.1M | ||
| Q4 24 | $293.0M | $1.3B | ||
| Q3 24 | $363.0M | $144.4M | ||
| Q2 24 | $294.0M | $100.4M | ||
| Q1 24 | $1.0B | $92.5M |
毛利率MLMMPWR
| Q4 25 | 35.0% | 55.2% | ||
| Q3 25 | 33.1% | 55.1% | ||
| Q2 25 | 30.0% | 55.1% | ||
| Q1 25 | 24.8% | 55.4% | ||
| Q4 24 | 30.0% | 55.4% | ||
| Q3 24 | 31.7% | 55.4% | ||
| Q2 24 | 29.3% | 55.3% | ||
| Q1 24 | 21.7% | 55.1% |
营业利润率MLMMPWR
| Q4 25 | 24.6% | 26.6% | ||
| Q3 25 | 27.4% | 26.5% | ||
| Q2 25 | 25.3% | 24.8% | ||
| Q1 25 | 14.3% | 26.5% | ||
| Q4 24 | 24.4% | 26.3% | ||
| Q3 24 | 25.9% | 26.5% | ||
| Q2 24 | 22.6% | 23.0% | ||
| Q1 24 | — | 20.9% |
净利率MLMMPWR
| Q4 25 | 24.5% | 22.9% | ||
| Q3 25 | 22.4% | 24.4% | ||
| Q2 25 | 18.1% | 20.3% | ||
| Q1 25 | 8.6% | 21.2% | ||
| Q4 24 | 18.0% | 201.8% | ||
| Q3 24 | 19.2% | 23.3% | ||
| Q2 24 | 16.7% | 19.8% | ||
| Q1 24 | 83.5% | 20.2% |
每股收益（稀释后）MLMMPWR
| Q4 25 | $4.59 | $3.50 | ||
| Q3 25 | $6.85 | $3.74 | ||
| Q2 25 | $5.43 | $2.81 | ||
| Q1 25 | $1.90 | $2.81 | ||
| Q4 24 | $4.87 | $25.71 | ||
| Q3 24 | $5.91 | $2.95 | ||
| Q2 24 | $4.76 | $2.05 | ||
| Q1 24 | $16.87 | $1.89 |
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 | $1.3B |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $10.0B | $3.5B |
| 总资产 | $18.7B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.53× | — |
8季度趋势，按日历期对齐
现金及短期投资MLMMPWR
| Q4 25 | $67.0M | $1.3B | ||
| Q3 25 | $57.0M | $1.3B | ||
| Q2 25 | $225.0M | $1.1B | ||
| Q1 25 | $101.0M | $1.0B | ||
| Q4 24 | $670.0M | $862.9M | ||
| Q3 24 | $52.0M | $1.5B | ||
| Q2 24 | $109.0M | $1.3B | ||
| Q1 24 | $2.6B | $1.3B |
总债务MLMMPWR
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.3B | — |
股东权益MLMMPWR
| Q4 25 | $10.0B | $3.5B | ||
| Q3 25 | $9.7B | $3.4B | ||
| Q2 25 | $9.4B | $3.2B | ||
| Q1 25 | $9.1B | $3.1B | ||
| Q4 24 | $9.5B | $3.0B | ||
| Q3 24 | $9.2B | $2.4B | ||
| Q2 24 | $8.8B | $2.2B | ||
| Q1 24 | $8.9B | $2.1B |
总资产MLMMPWR
| Q4 25 | $18.7B | $4.2B | ||
| Q3 25 | $18.7B | $4.1B | ||
| Q2 25 | $18.1B | $3.9B | ||
| Q1 25 | $17.7B | $3.7B | ||
| Q4 24 | $18.2B | $3.5B | ||
| Q3 24 | $16.5B | $2.9B | ||
| Q2 24 | $16.3B | $2.6B | ||
| Q1 24 | $16.2B | $2.6B |
负债/权益比MLMMPWR
| Q4 25 | 0.53× | — | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 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 | $629.0M | $104.9M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $63.9M |
| 自由现金流率自由现金流/营收 | 37.2% | 8.5% |
| 资本支出强度资本支出/营收 | 18.0% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.25× | 0.61× |
| 过去12个月自由现金流最近4个季度 | $978.0M | $666.2M |
8季度趋势，按日历期对齐
经营现金流MLMMPWR
| Q4 25 | $629.0M | $104.9M | ||
| Q3 25 | $551.0M | $239.3M | ||
| Q2 25 | $387.0M | $237.6M | ||
| Q1 25 | $218.0M | $256.4M | ||
| Q4 24 | $686.0M | $167.7M | ||
| Q3 24 | $600.0M | $231.7M | ||
| Q2 24 | $1.0M | $141.0M | ||
| Q1 24 | $172.0M | $248.1M |
自由现金流MLMMPWR
| Q4 25 | $424.0M | $63.9M | ||
| Q3 25 | $361.0M | $196.8M | ||
| Q2 25 | $208.0M | $189.5M | ||
| Q1 25 | $-15.0M | $216.0M | ||
| Q4 24 | $453.0M | $102.9M | ||
| Q3 24 | $317.0M | $197.9M | ||
| Q2 24 | $-138.0M | $109.5M | ||
| Q1 24 | $-28.0M | $232.1M |
自由现金流率MLMMPWR
| Q4 25 | 37.2% | 8.5% | ||
| Q3 25 | 19.6% | 26.7% | ||
| Q2 25 | 11.5% | 28.5% | ||
| Q1 25 | -1.1% | 33.9% | ||
| Q4 24 | 27.8% | 16.5% | ||
| Q3 24 | 16.8% | 31.9% | ||
| Q2 24 | -7.8% | 21.6% | ||
| Q1 24 | -2.2% | 50.7% |
资本支出强度MLMMPWR
| Q4 25 | 18.0% | 5.5% | ||
| Q3 25 | 10.3% | 5.8% | ||
| Q2 25 | 9.9% | 7.2% | ||
| Q1 25 | 17.2% | 6.3% | ||
| Q4 24 | 14.3% | 10.4% | ||
| Q3 24 | 15.0% | 5.5% | ||
| Q2 24 | 7.9% | 6.2% | ||
| Q1 24 | 16.0% | 3.5% |
现金转化率MLMMPWR
| Q4 25 | 2.25× | 0.61× | ||
| Q3 25 | 1.33× | 1.33× | ||
| Q2 25 | 1.18× | 1.76× | ||
| Q1 25 | 1.88× | 1.90× | ||
| Q4 24 | 2.34× | 0.13× | ||
| Q3 24 | 1.65× | 1.60× | ||
| Q2 24 | 0.00× | 1.40× | ||
| Q1 24 | 0.16× | 2.68× |
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
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% |
MPWR
暂无分部数据
