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Martin Marietta Materials（MLM）与摩托罗拉解决方案（MSI）财务数据对比。点击上方公司名可切换其他公司
摩托罗拉解决方案的季度营收约是Martin Marietta Materials的2.0倍（$2.7B vs $1.4B），Martin Marietta Materials净利率更高（111.1% vs 13.5%，领先97.6%），Martin Marietta Materials同比增速更快（17.0% vs 7.4%），过去两年摩托罗拉解决方案的营收复合增速更高（1.6% vs -12.1%）
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。
摩托罗拉解决方案是美国科技企业，总部位于伊利诺伊州芝加哥，2011年由摩托罗拉公司拆分成立。公司面向公共安全部门及企业客户，提供关键通信、视频安防、指挥中心技术等安全防护类产品与服务。
MLM vs MSI — 直观对比
营收规模更大
MSI
是对方的2.0倍
$1.4B
营收增速更快
MLM
高出9.6%
7.4%
净利率更高
MLM
高出97.6%
13.5%
两年增速更快
MSI
近两年复合增速
-12.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.7B |
| 净利润 | $1.5B | $366.0M |
| 毛利率 | 22.8% | — |
| 营业利润率 | 11.9% | 19.3% |
| 净利率 | 111.1% | 13.5% |
| 营收同比 | 17.0% | 7.4% |
| 净利润同比 | — | -14.9% |
| 每股收益（稀释后） | — | $2.18 |
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MLMMSI
| Q1 26 | $1.4B | $2.7B | ||
| Q4 25 | $1.1B | $3.4B | ||
| Q3 25 | $1.8B | $3.0B | ||
| Q2 25 | $1.8B | $2.8B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.6B | $3.0B | ||
| Q3 24 | $1.9B | $2.8B | ||
| Q2 24 | $1.8B | $2.6B |
净利润MLMMSI
| Q1 26 | $1.5B | $366.0M | ||
| Q4 25 | $279.0M | $649.0M | ||
| Q3 25 | $414.0M | $562.0M | ||
| Q2 25 | $328.0M | $513.0M | ||
| Q1 25 | $116.0M | $430.0M | ||
| Q4 24 | $293.0M | $611.0M | ||
| Q3 24 | $363.0M | $562.0M | ||
| Q2 24 | $294.0M | $443.0M |
毛利率MLMMSI
| Q1 26 | 22.8% | — | ||
| Q4 25 | 35.0% | 52.3% | ||
| Q3 25 | 33.1% | 51.6% | ||
| Q2 25 | 30.0% | 51.1% | ||
| Q1 25 | 24.8% | 51.4% | ||
| Q4 24 | 30.0% | 51.4% | ||
| Q3 24 | 31.7% | 51.4% | ||
| Q2 24 | 29.3% | 51.0% |
营业利润率MLMMSI
| Q1 26 | 11.9% | 19.3% | ||
| Q4 25 | 24.6% | 27.9% | ||
| Q3 25 | 27.4% | 25.6% | ||
| Q2 25 | 25.3% | 25.0% | ||
| Q1 25 | 14.3% | 23.0% | ||
| Q4 24 | 24.4% | 27.0% | ||
| Q3 24 | 25.9% | 25.5% | ||
| Q2 24 | 22.6% | 24.5% |
净利率MLMMSI
| Q1 26 | 111.1% | 13.5% | ||
| Q4 25 | 24.5% | 19.2% | ||
| Q3 25 | 22.4% | 18.7% | ||
| Q2 25 | 18.1% | 18.6% | ||
| Q1 25 | 8.6% | 17.0% | ||
| Q4 24 | 18.0% | 20.3% | ||
| Q3 24 | 19.2% | 20.1% | ||
| Q2 24 | 16.7% | 16.9% |
每股收益（稀释后）MLMMSI
| Q1 26 | — | $2.18 | ||
| Q4 25 | $4.59 | $3.85 | ||
| Q3 25 | $6.85 | $3.33 | ||
| Q2 25 | $5.43 | $3.04 | ||
| Q1 25 | $1.90 | $2.53 | ||
| Q4 24 | $4.87 | $3.57 | ||
| Q3 24 | $5.91 | $3.29 | ||
| Q2 24 | $4.76 | $2.60 |
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 | $273.0M | $886.0M |
| 总债务越低越好 | $0 | $9.0B |
| 股东权益账面价值 | $11.3B | — |
| 总资产 | $20.5B | $19.1B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资MLMMSI
| Q1 26 | $273.0M | $886.0M | ||
| Q4 25 | $67.0M | $1.2B | ||
| Q3 25 | $57.0M | $894.0M | ||
| Q2 25 | $225.0M | $3.2B | ||
| Q1 25 | $101.0M | $1.6B | ||
| Q4 24 | $670.0M | $2.1B | ||
| Q3 24 | $52.0M | $1.4B | ||
| Q2 24 | $109.0M | $1.4B |
总债务MLMMSI
| Q1 26 | $0 | $9.0B | ||
| 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 | — |
股东权益MLMMSI
| Q1 26 | $11.3B | — | ||
| Q4 25 | $10.0B | $2.4B | ||
| Q3 25 | $9.7B | $2.3B | ||
| Q2 25 | $9.4B | $2.0B | ||
| Q1 25 | $9.1B | $1.6B | ||
| Q4 24 | $9.5B | $1.7B | ||
| Q3 24 | $9.2B | $1.3B | ||
| Q2 24 | $8.8B | $802.0M |
总资产MLMMSI
| Q1 26 | $20.5B | $19.1B | ||
| Q4 25 | $18.7B | $19.4B | ||
| Q3 25 | $18.7B | $18.8B | ||
| Q2 25 | $18.1B | $16.4B | ||
| Q1 25 | $17.7B | $14.4B | ||
| Q4 24 | $18.2B | $14.6B | ||
| Q3 24 | $16.5B | $13.9B | ||
| Q2 24 | $16.3B | $13.3B |
负债/权益比MLMMSI
| Q1 26 | 0.00× | — | ||
| 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× | — |
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 | $227.0M | $451.0M |
| 自由现金流经营现金流 - 资本支出 | — | $389.0M |
| 自由现金流率自由现金流/营收 | — | 14.3% |
| 资本支出强度资本支出/营收 | 40.4% | 2.3% |
| 现金转化率经营现金流/净利润 | 0.15× | 1.23× |
| 过去12个月自由现金流最近4个季度 | — | $2.5B |
8季度趋势，按日历期对齐
经营现金流MLMMSI
| Q1 26 | $227.0M | $451.0M | ||
| Q4 25 | $629.0M | $1.3B | ||
| Q3 25 | $551.0M | $798.0M | ||
| Q2 25 | $387.0M | $273.0M | ||
| Q1 25 | $218.0M | $510.0M | ||
| Q4 24 | $686.0M | $1.1B | ||
| Q3 24 | $600.0M | $759.0M | ||
| Q2 24 | $1.0M | $180.0M |
自由现金流MLMMSI
| Q1 26 | — | $389.0M | ||
| Q4 25 | $424.0M | $1.1B | ||
| Q3 25 | $361.0M | $732.0M | ||
| Q2 25 | $208.0M | $225.0M | ||
| Q1 25 | $-15.0M | $473.0M | ||
| Q4 24 | $453.0M | $984.0M | ||
| Q3 24 | $317.0M | $702.0M | ||
| Q2 24 | $-138.0M | $112.0M |
自由现金流率MLMMSI
| Q1 26 | — | 14.3% | ||
| Q4 25 | 37.2% | 33.8% | ||
| Q3 25 | 19.6% | 24.3% | ||
| Q2 25 | 11.5% | 8.1% | ||
| Q1 25 | -1.1% | 18.7% | ||
| Q4 24 | 27.8% | 32.7% | ||
| Q3 24 | 16.8% | 25.2% | ||
| Q2 24 | -7.8% | 4.3% |
资本支出强度MLMMSI
| Q1 26 | 40.4% | 2.3% | ||
| Q4 25 | 18.0% | 3.4% | ||
| Q3 25 | 10.3% | 2.2% | ||
| Q2 25 | 9.9% | 1.7% | ||
| Q1 25 | 17.2% | 1.5% | ||
| Q4 24 | 14.3% | 2.9% | ||
| Q3 24 | 15.0% | 2.0% | ||
| Q2 24 | 7.9% | 2.6% |
现金转化率MLMMSI
| Q1 26 | 0.15× | 1.23× | ||
| Q4 25 | 2.25× | 1.94× | ||
| Q3 25 | 1.33× | 1.42× | ||
| Q2 25 | 1.18× | 0.53× | ||
| Q1 25 | 1.88× | 1.19× | ||
| Q4 24 | 2.34× | 1.75× | ||
| Q3 24 | 1.65× | 1.35× | ||
| Q2 24 | 0.00× | 0.41× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
