vs
Martin Marietta Materials（MLM）与Packaging Corporation of America（PKG）财务数据对比。点击上方公司名可切换其他公司
Packaging Corporation of America的季度营收约是Martin Marietta Materials的2.1倍（$2.4B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 7.2%，领先17.3%），Packaging Corporation of America同比增速更快（10.6% vs -30.1%），过去两年Packaging Corporation of America的营收复合增速更高（6.8% 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。
Packaging Corporation of America是总部位于美国伊利诺伊州莱克福里斯特的制造企业，业务主要布局于美国本土，当前拥有约15500名员工，首席执行官为Mark W. Kowlzan。
MLM vs PKG — 直观对比
营收规模更大
PKG
是对方的2.1倍
$1.1B
营收增速更快
PKG
高出40.7%
-30.1%
净利率更高
MLM
高出17.3%
7.2%
两年增速更快
PKG
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.4B |
| 净利润 | $279.0M | $170.9M |
| 毛利率 | 35.0% | 19.1% |
| 营业利润率 | 24.6% | 10.6% |
| 净利率 | 24.5% | 7.2% |
| 营收同比 | -30.1% | 10.6% |
| 净利润同比 | -4.8% | -16.1% |
| 每股收益（稀释后） | $4.59 | $1.91 |
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MLMPKG
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.1B | $2.4B | ||
| Q3 25 | $1.8B | $2.3B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.9B | $2.2B | ||
| Q2 24 | $1.8B | $2.1B |
净利润MLMPKG
| Q1 26 | — | $170.9M | ||
| Q4 25 | $279.0M | $101.9M | ||
| Q3 25 | $414.0M | $226.9M | ||
| Q2 25 | $328.0M | $241.5M | ||
| Q1 25 | $116.0M | $203.8M | ||
| Q4 24 | $293.0M | $221.2M | ||
| Q3 24 | $363.0M | $238.1M | ||
| Q2 24 | $294.0M | $198.9M |
毛利率MLMPKG
| Q1 26 | — | 19.1% | ||
| Q4 25 | 35.0% | 18.9% | ||
| Q3 25 | 33.1% | 21.8% | ||
| Q2 25 | 30.0% | 22.2% | ||
| Q1 25 | 24.8% | 21.2% | ||
| Q4 24 | 30.0% | 21.9% | ||
| Q3 24 | 31.7% | 23.1% | ||
| Q2 24 | 29.3% | 21.1% |
营业利润率MLMPKG
| Q1 26 | — | 10.6% | ||
| Q4 25 | 24.6% | 7.1% | ||
| Q3 25 | 27.4% | 14.0% | ||
| Q2 25 | 25.3% | 15.4% | ||
| Q1 25 | 14.3% | 13.1% | ||
| Q4 24 | 24.4% | 14.1% | ||
| Q3 24 | 25.9% | 15.0% | ||
| Q2 24 | 22.6% | 13.3% |
净利率MLMPKG
| Q1 26 | — | 7.2% | ||
| Q4 25 | 24.5% | 4.3% | ||
| Q3 25 | 22.4% | 9.8% | ||
| Q2 25 | 18.1% | 11.1% | ||
| Q1 25 | 8.6% | 9.5% | ||
| Q4 24 | 18.0% | 10.3% | ||
| Q3 24 | 19.2% | 10.9% | ||
| Q2 24 | 16.7% | 9.6% |
每股收益（稀释后）MLMPKG
| Q1 26 | — | $1.91 | ||
| Q4 25 | $4.59 | $1.14 | ||
| Q3 25 | $6.85 | $2.51 | ||
| Q2 25 | $5.43 | $2.67 | ||
| Q1 25 | $1.90 | $2.26 | ||
| Q4 24 | $4.87 | $2.45 | ||
| Q3 24 | $5.91 | $2.64 | ||
| Q2 24 | $4.76 | $2.21 |
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 | — |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $10.0B | — |
| 总资产 | $18.7B | — |
| 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MLMPKG
| Q1 26 | — | — | ||
| Q4 25 | $67.0M | $529.0M | ||
| Q3 25 | $57.0M | $634.0M | ||
| Q2 25 | $225.0M | $787.9M | ||
| Q1 25 | $101.0M | $751.7M | ||
| Q4 24 | $670.0M | $685.0M | ||
| Q3 24 | $52.0M | $676.6M | ||
| Q2 24 | $109.0M | $613.6M |
总债务MLMPKG
| Q1 26 | — | — | ||
| Q4 25 | $5.3B | $4.0B | ||
| Q3 25 | $5.5B | $4.0B | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.4B | $2.5B | ||
| Q3 24 | $4.0B | $2.5B | ||
| Q2 24 | $4.3B | — |
股东权益MLMPKG
| Q1 26 | — | — | ||
| Q4 25 | $10.0B | $4.6B | ||
| Q3 25 | $9.7B | $4.8B | ||
| Q2 25 | $9.4B | $4.6B | ||
| Q1 25 | $9.1B | $4.5B | ||
| Q4 24 | $9.5B | $4.4B | ||
| Q3 24 | $9.2B | $4.3B | ||
| Q2 24 | $8.8B | $4.1B |
总资产MLMPKG
| Q1 26 | — | — | ||
| Q4 25 | $18.7B | $10.7B | ||
| Q3 25 | $18.7B | $11.0B | ||
| Q2 25 | $18.1B | $9.0B | ||
| Q1 25 | $17.7B | $9.0B | ||
| Q4 24 | $18.2B | $8.8B | ||
| Q3 24 | $16.5B | $8.8B | ||
| Q2 24 | $16.3B | $9.0B |
负债/权益比MLMPKG
| Q1 26 | — | — | ||
| Q4 25 | 0.53× | 0.87× | ||
| Q3 25 | 0.57× | 0.84× | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.57× | 0.57× | ||
| Q3 24 | 0.44× | 0.58× | ||
| 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 | $629.0M | — |
| 自由现金流经营现金流 - 资本支出 | $424.0M | — |
| 自由现金流率自由现金流/营收 | 37.2% | — |
| 资本支出强度资本支出/营收 | 18.0% | — |
| 现金转化率经营现金流/净利润 | 2.25× | — |
| 过去12个月自由现金流最近4个季度 | $978.0M | — |
8季度趋势，按日历期对齐
经营现金流MLMPKG
| Q1 26 | — | — | ||
| Q4 25 | $629.0M | $446.6M | ||
| Q3 25 | $551.0M | $472.2M | ||
| Q2 25 | $387.0M | $299.6M | ||
| Q1 25 | $218.0M | $339.1M | ||
| Q4 24 | $686.0M | $325.4M | ||
| Q3 24 | $600.0M | $327.1M | ||
| Q2 24 | $1.0M | $278.3M |
自由现金流MLMPKG
| Q1 26 | — | — | ||
| Q4 25 | $424.0M | $127.6M | ||
| Q3 25 | $361.0M | $280.1M | ||
| Q2 25 | $208.0M | $129.9M | ||
| Q1 25 | $-15.0M | $191.0M | ||
| Q4 24 | $453.0M | $124.1M | ||
| Q3 24 | $317.0M | $180.4M | ||
| Q2 24 | $-138.0M | $33.3M |
自由现金流率MLMPKG
| Q1 26 | — | — | ||
| Q4 25 | 37.2% | 5.4% | ||
| Q3 25 | 19.6% | 12.1% | ||
| Q2 25 | 11.5% | 6.0% | ||
| Q1 25 | -1.1% | 8.9% | ||
| Q4 24 | 27.8% | 5.8% | ||
| Q3 24 | 16.8% | 8.3% | ||
| Q2 24 | -7.8% | 1.6% |
资本支出强度MLMPKG
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 13.5% | ||
| Q3 25 | 10.3% | 8.3% | ||
| Q2 25 | 9.9% | 7.8% | ||
| Q1 25 | 17.2% | 6.9% | ||
| Q4 24 | 14.3% | 9.4% | ||
| Q3 24 | 15.0% | 6.7% | ||
| Q2 24 | 7.9% | 11.8% |
现金转化率MLMPKG
| Q1 26 | — | — | ||
| Q4 25 | 2.25× | 4.38× | ||
| Q3 25 | 1.33× | 2.08× | ||
| Q2 25 | 1.18× | 1.24× | ||
| Q1 25 | 1.88× | 1.66× | ||
| Q4 24 | 2.34× | 1.47× | ||
| Q3 24 | 1.65× | 1.37× | ||
| Q2 24 | 0.00× | 1.40× |
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% |
PKG
暂无分部数据
