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Martin Marietta Materials（MLM）与PINTEREST, INC.（PINS）财务数据对比。点击上方公司名可切换其他公司
PINTEREST, INC.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 21.0%，领先3.5%），PINTEREST, INC.同比增速更快（14.3% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $380.4M），过去两年PINTEREST, INC.的营收复合增速更高（33.5% 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。
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
MLM vs PINS — 直观对比
营收规模更大
PINS
是对方的1.2倍
$1.1B
营收增速更快
PINS
高出44.5%
-30.1%
净利率更高
MLM
高出3.5%
21.0%
自由现金流更多
MLM
多$43.6M
$380.4M
两年增速更快
PINS
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.3B |
| 净利润 | $279.0M | $277.1M |
| 毛利率 | 35.0% | 82.8% |
| 营业利润率 | 24.6% | 22.8% |
| 净利率 | 24.5% | 21.0% |
| 营收同比 | -30.1% | 14.3% |
| 净利润同比 | -4.8% | -85.0% |
| 每股收益（稀释后） | $4.59 | $0.41 |
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MLMPINS
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.8B | $1.0B | ||
| Q2 25 | $1.8B | $998.2M | ||
| Q1 25 | $1.4B | $855.0M | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.9B | $898.4M | ||
| Q2 24 | $1.8B | $853.7M | ||
| Q1 24 | $1.3B | $740.0M |
净利润MLMPINS
| Q4 25 | $279.0M | $277.1M | ||
| Q3 25 | $414.0M | $92.1M | ||
| Q2 25 | $328.0M | $38.8M | ||
| Q1 25 | $116.0M | $8.9M | ||
| Q4 24 | $293.0M | $1.8B | ||
| Q3 24 | $363.0M | $30.6M | ||
| Q2 24 | $294.0M | $8.9M | ||
| Q1 24 | $1.0B | $-24.8M |
毛利率MLMPINS
| Q4 25 | 35.0% | 82.8% | ||
| Q3 25 | 33.1% | 79.8% | ||
| Q2 25 | 30.0% | 79.7% | ||
| Q1 25 | 24.8% | 76.7% | ||
| Q4 24 | 30.0% | 82.9% | ||
| Q3 24 | 31.7% | 79.1% | ||
| Q2 24 | 29.3% | 78.3% | ||
| Q1 24 | 21.7% | 75.5% |
营业利润率MLMPINS
| Q4 25 | 24.6% | 22.8% | ||
| Q3 25 | 27.4% | 5.6% | ||
| Q2 25 | 25.3% | -0.4% | ||
| Q1 25 | 14.3% | -4.1% | ||
| Q4 24 | 24.4% | 22.7% | ||
| Q3 24 | 25.9% | -0.7% | ||
| Q2 24 | 22.6% | -2.5% | ||
| Q1 24 | — | -7.4% |
净利率MLMPINS
| Q4 25 | 24.5% | 21.0% | ||
| Q3 25 | 22.4% | 8.8% | ||
| Q2 25 | 18.1% | 3.9% | ||
| Q1 25 | 8.6% | 1.0% | ||
| Q4 24 | 18.0% | 160.1% | ||
| Q3 24 | 19.2% | 3.4% | ||
| Q2 24 | 16.7% | 1.0% | ||
| Q1 24 | 83.5% | -3.4% |
每股收益（稀释后）MLMPINS
| Q4 25 | $4.59 | $0.41 | ||
| Q3 25 | $6.85 | $0.13 | ||
| Q2 25 | $5.43 | $0.06 | ||
| Q1 25 | $1.90 | $0.01 | ||
| Q4 24 | $4.87 | $2.66 | ||
| Q3 24 | $5.91 | $0.04 | ||
| Q2 24 | $4.76 | $0.01 | ||
| Q1 24 | $16.87 | $-0.04 |
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 | $969.3M |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $10.0B | $4.7B |
| 总资产 | $18.7B | $5.5B |
| 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MLMPINS
| Q4 25 | $67.0M | $969.3M | ||
| 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 | $1.4B | ||
| Q1 24 | $2.6B | $1.6B |
总债务MLMPINS
| 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MLMPINS
| Q4 25 | $10.0B | $4.7B | ||
| Q3 25 | $9.7B | $4.8B | ||
| Q2 25 | $9.4B | $4.8B | ||
| Q1 25 | $9.1B | $4.7B | ||
| Q4 24 | $9.5B | $4.8B | ||
| Q3 24 | $9.2B | $2.9B | ||
| Q2 24 | $8.8B | $3.2B | ||
| Q1 24 | $8.9B | $3.1B |
总资产MLMPINS
| Q4 25 | $18.7B | $5.5B | ||
| Q3 25 | $18.7B | $5.5B | ||
| Q2 25 | $18.1B | $5.4B | ||
| Q1 25 | $17.7B | $5.3B | ||
| Q4 24 | $18.2B | $5.3B | ||
| Q3 24 | $16.5B | $3.5B | ||
| Q2 24 | $16.3B | $3.7B | ||
| Q1 24 | $16.2B | $3.7B |
负债/权益比MLMPINS
| 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 | $391.2M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $380.4M |
| 自由现金流率自由现金流/营收 | 37.2% | 28.8% |
| 资本支出强度资本支出/营收 | 18.0% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.25× | 1.41× |
| 过去12个月自由现金流最近4个季度 | $978.0M | $1.3B |
8季度趋势，按日历期对齐
经营现金流MLMPINS
| Q4 25 | $629.0M | $391.2M | ||
| Q3 25 | $551.0M | $321.7M | ||
| Q2 25 | $387.0M | $207.7M | ||
| Q1 25 | $218.0M | $363.7M | ||
| Q4 24 | $686.0M | $254.0M | ||
| Q3 24 | $600.0M | $248.0M | ||
| Q2 24 | $1.0M | $106.4M | ||
| Q1 24 | $172.0M | $356.1M |
自由现金流MLMPINS
| Q4 25 | $424.0M | $380.4M | ||
| Q3 25 | $361.0M | $318.4M | ||
| Q2 25 | $208.0M | $196.7M | ||
| Q1 25 | $-15.0M | $356.4M | ||
| Q4 24 | $453.0M | $250.2M | ||
| Q3 24 | $317.0M | $244.1M | ||
| Q2 24 | $-138.0M | $101.6M | ||
| Q1 24 | $-28.0M | $344.0M |
自由现金流率MLMPINS
| Q4 25 | 37.2% | 28.8% | ||
| Q3 25 | 19.6% | 30.3% | ||
| Q2 25 | 11.5% | 19.7% | ||
| Q1 25 | -1.1% | 41.7% | ||
| Q4 24 | 27.8% | 21.7% | ||
| Q3 24 | 16.8% | 27.2% | ||
| Q2 24 | -7.8% | 11.9% | ||
| Q1 24 | -2.2% | 46.5% |
资本支出强度MLMPINS
| Q4 25 | 18.0% | 0.8% | ||
| Q3 25 | 10.3% | 0.3% | ||
| Q2 25 | 9.9% | 1.1% | ||
| Q1 25 | 17.2% | 0.9% | ||
| Q4 24 | 14.3% | 0.3% | ||
| Q3 24 | 15.0% | 0.4% | ||
| Q2 24 | 7.9% | 0.6% | ||
| Q1 24 | 16.0% | 1.6% |
现金转化率MLMPINS
| Q4 25 | 2.25× | 1.41× | ||
| Q3 25 | 1.33× | 3.49× | ||
| Q2 25 | 1.18× | 5.36× | ||
| Q1 25 | 1.88× | 40.77× | ||
| Q4 24 | 2.34× | 0.14× | ||
| Q3 24 | 1.65× | 8.12× | ||
| Q2 24 | 0.00× | 11.98× | ||
| Q1 24 | 0.16× | — |
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% |
PINS
| United States And Canada | $944.3M | 72% |
| Other | $375.0M | 28% |
