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Martin Marietta Materials（MLM）与OPEN TEXT CORP（OTEX）财务数据对比。点击上方公司名可切换其他公司
OPEN TEXT CORP的季度营收约是Martin Marietta Materials的1.2倍（$1.3B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 12.7%，领先11.8%），OPEN TEXT CORP同比增速更快（-0.6% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $279.4M），过去两年OPEN TEXT CORP的营收复合增速更高（-4.3% 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。
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
MLM vs OTEX — 直观对比
营收规模更大
OTEX
是对方的1.2倍
$1.1B
营收增速更快
OTEX
高出29.6%
-30.1%
净利率更高
MLM
高出11.8%
12.7%
自由现金流更多
MLM
多$144.6M
$279.4M
两年增速更快
OTEX
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.3B |
| 净利润 | $279.0M | $168.1M |
| 毛利率 | 35.0% | 74.0% |
| 营业利润率 | 24.6% | 22.0% |
| 净利率 | 24.5% | 12.7% |
| 营收同比 | -30.1% | -0.6% |
| 净利润同比 | -4.8% | -26.9% |
| 每股收益（稀释后） | $4.59 | $0.66 |
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MLMOTEX
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.9B | $1.3B | ||
| Q2 24 | $1.8B | $1.4B | ||
| Q1 24 | $1.3B | $1.4B |
净利润MLMOTEX
| Q4 25 | $279.0M | $168.1M | ||
| Q3 25 | $414.0M | $146.6M | ||
| Q2 25 | $328.0M | $28.8M | ||
| Q1 25 | $116.0M | $92.8M | ||
| Q4 24 | $293.0M | $229.9M | ||
| Q3 24 | $363.0M | $84.4M | ||
| Q2 24 | $294.0M | $248.2M | ||
| Q1 24 | $1.0B | $98.3M |
毛利率MLMOTEX
| Q4 25 | 35.0% | 74.0% | ||
| Q3 25 | 33.1% | 72.8% | ||
| Q2 25 | 30.0% | 72.3% | ||
| Q1 25 | 24.8% | 71.6% | ||
| Q4 24 | 30.0% | 73.3% | ||
| Q3 24 | 31.7% | 71.7% | ||
| Q2 24 | 29.3% | 72.5% | ||
| Q1 24 | 21.7% | 73.0% |
营业利润率MLMOTEX
| Q4 25 | 24.6% | 22.0% | ||
| Q3 25 | 27.4% | 21.0% | ||
| Q2 25 | 25.3% | 13.9% | ||
| Q1 25 | 14.3% | 16.7% | ||
| Q4 24 | 24.4% | 22.2% | ||
| Q3 24 | 25.9% | 16.3% | ||
| Q2 24 | 22.6% | 14.2% | ||
| Q1 24 | — | 15.7% |
净利率MLMOTEX
| Q4 25 | 24.5% | 12.7% | ||
| Q3 25 | 22.4% | 11.4% | ||
| Q2 25 | 18.1% | 2.2% | ||
| Q1 25 | 8.6% | 7.4% | ||
| Q4 24 | 18.0% | 17.2% | ||
| Q3 24 | 19.2% | 6.6% | ||
| Q2 24 | 16.7% | 18.2% | ||
| Q1 24 | 83.5% | 6.8% |
每股收益（稀释后）MLMOTEX
| Q4 25 | $4.59 | $0.66 | ||
| Q3 25 | $6.85 | $0.58 | ||
| Q2 25 | $5.43 | $0.11 | ||
| Q1 25 | $1.90 | $0.35 | ||
| Q4 24 | $4.87 | $0.87 | ||
| Q3 24 | $5.91 | $0.32 | ||
| Q2 24 | $4.76 | $0.91 | ||
| Q1 24 | $16.87 | $0.36 |
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 | $6.4B |
| 股东权益账面价值 | $10.0B | $4.0B |
| 总资产 | $18.7B | $13.6B |
| 负债/权益比越低杠杆越低 | 0.53× | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资MLMOTEX
| Q4 25 | $67.0M | $1.3B | ||
| Q3 25 | $57.0M | $1.1B | ||
| Q2 25 | $225.0M | $1.2B | ||
| Q1 25 | $101.0M | $1.3B | ||
| Q4 24 | $670.0M | $1.1B | ||
| Q3 24 | $52.0M | $1.0B | ||
| Q2 24 | $109.0M | $1.3B | ||
| Q1 24 | $2.6B | $1.1B |
总债务MLMOTEX
| Q4 25 | $5.3B | $6.4B | ||
| Q3 25 | $5.5B | $6.4B | ||
| Q2 25 | $5.4B | $6.4B | ||
| Q1 25 | $5.4B | $6.4B | ||
| Q4 24 | $5.4B | $6.4B | ||
| Q3 24 | $4.0B | $6.4B | ||
| Q2 24 | $4.3B | $6.4B | ||
| Q1 24 | $4.3B | $8.4B |
股东权益MLMOTEX
| Q4 25 | $10.0B | $4.0B | ||
| Q3 25 | $9.7B | $4.0B | ||
| Q2 25 | $9.4B | $3.9B | ||
| Q1 25 | $9.1B | $4.1B | ||
| Q4 24 | $9.5B | $4.2B | ||
| Q3 24 | $9.2B | $4.1B | ||
| Q2 24 | $8.8B | $4.2B | ||
| Q1 24 | $8.9B | $4.1B |
总资产MLMOTEX
| Q4 25 | $18.7B | $13.6B | ||
| Q3 25 | $18.7B | $13.5B | ||
| Q2 25 | $18.1B | $13.8B | ||
| Q1 25 | $17.7B | $13.8B | ||
| Q4 24 | $18.2B | $13.7B | ||
| Q3 24 | $16.5B | $13.8B | ||
| Q2 24 | $16.3B | $14.2B | ||
| Q1 24 | $16.2B | $16.4B |
负债/权益比MLMOTEX
| Q4 25 | 0.53× | 1.58× | ||
| Q3 25 | 0.57× | 1.61× | ||
| Q2 25 | 0.58× | 1.62× | ||
| Q1 25 | 0.60× | 1.55× | ||
| Q4 24 | 0.57× | 1.51× | ||
| Q3 24 | 0.44× | 1.55× | ||
| Q2 24 | 0.49× | 1.52× | ||
| Q1 24 | 0.49× | 2.02× |
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 | $318.7M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $279.4M |
| 自由现金流率自由现金流/营收 | 37.2% | 21.1% |
| 资本支出强度资本支出/营收 | 18.0% | 3.0% |
| 现金转化率经营现金流/净利润 | 2.25× | 1.90× |
| 过去12个月自由现金流最近4个季度 | $978.0M | $878.5M |
8季度趋势，按日历期对齐
经营现金流MLMOTEX
| Q4 25 | $629.0M | $318.7M | ||
| Q3 25 | $551.0M | $147.8M | ||
| Q2 25 | $387.0M | $158.2M | ||
| Q1 25 | $218.0M | $402.2M | ||
| Q4 24 | $686.0M | $348.0M | ||
| Q3 24 | $600.0M | $-77.8M | ||
| Q2 24 | $1.0M | $185.2M | ||
| Q1 24 | $172.0M | $384.7M |
自由现金流MLMOTEX
| Q4 25 | $424.0M | $279.4M | ||
| Q3 25 | $361.0M | $101.2M | ||
| Q2 25 | $208.0M | $124.0M | ||
| Q1 25 | $-15.0M | $373.8M | ||
| Q4 24 | $453.0M | $306.7M | ||
| Q3 24 | $317.0M | $-117.1M | ||
| Q2 24 | $-138.0M | $145.2M | ||
| Q1 24 | $-28.0M | $348.2M |
自由现金流率MLMOTEX
| Q4 25 | 37.2% | 21.1% | ||
| Q3 25 | 19.6% | 7.9% | ||
| Q2 25 | 11.5% | 9.5% | ||
| Q1 25 | -1.1% | 29.8% | ||
| Q4 24 | 27.8% | 23.0% | ||
| Q3 24 | 16.8% | -9.2% | ||
| Q2 24 | -7.8% | 10.7% | ||
| Q1 24 | -2.2% | 24.1% |
资本支出强度MLMOTEX
| Q4 25 | 18.0% | 3.0% | ||
| Q3 25 | 10.3% | 3.6% | ||
| Q2 25 | 9.9% | 2.6% | ||
| Q1 25 | 17.2% | 2.3% | ||
| Q4 24 | 14.3% | 3.1% | ||
| Q3 24 | 15.0% | 3.1% | ||
| Q2 24 | 7.9% | 2.9% | ||
| Q1 24 | 16.0% | 2.5% |
现金转化率MLMOTEX
| Q4 25 | 2.25× | 1.90× | ||
| Q3 25 | 1.33× | 1.01× | ||
| Q2 25 | 1.18× | 5.49× | ||
| Q1 25 | 1.88× | 4.33× | ||
| Q4 24 | 2.34× | 1.51× | ||
| Q3 24 | 1.65× | -0.92× | ||
| Q2 24 | 0.00× | 0.75× | ||
| Q1 24 | 0.16× | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
