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Martin Marietta Materials（MLM）与Post Holdings, Inc.（POST）财务数据对比。点击上方公司名可切换其他公司
Post Holdings, Inc.的季度营收约是Martin Marietta Materials的1.9倍（$2.2B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 4.5%，领先20.0%），Post Holdings, Inc.同比增速更快（10.1% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $119.3M），过去两年Post Holdings, Inc.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。
Post Holdings, Inc.是美国头部包装消费品食品生产商，旗下拥有知名食品业务板块Post Consumer Brands，总部坐落于明尼苏达州莱克维尔，其生产的食品类快消品覆盖北美及全球多个市场，深受消费者喜爱。
MLM vs POST — 直观对比
营收规模更大
POST
是对方的1.9倍
$1.1B
营收增速更快
POST
高出40.3%
-30.1%
净利率更高
MLM
高出20.0%
4.5%
自由现金流更多
MLM
多$304.7M
$119.3M
两年增速更快
POST
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.2B |
| 净利润 | $279.0M | $96.8M |
| 毛利率 | 35.0% | 29.4% |
| 营业利润率 | 24.6% | 11.0% |
| 净利率 | 24.5% | 4.5% |
| 营收同比 | -30.1% | 10.1% |
| 净利润同比 | -4.8% | -14.6% |
| 每股收益（稀释后） | $4.59 | $1.71 |
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MLMPOST
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $1.8B | $2.0B | ||
| Q1 25 | $1.4B | $2.0B | ||
| Q4 24 | $1.6B | $2.0B | ||
| Q3 24 | $1.9B | $2.0B | ||
| Q2 24 | $1.8B | $1.9B | ||
| Q1 24 | $1.3B | $2.0B |
净利润MLMPOST
| Q4 25 | $279.0M | $96.8M | ||
| Q3 25 | $414.0M | $51.0M | ||
| Q2 25 | $328.0M | $108.8M | ||
| Q1 25 | $116.0M | $62.6M | ||
| Q4 24 | $293.0M | $113.3M | ||
| Q3 24 | $363.0M | $81.6M | ||
| Q2 24 | $294.0M | $99.8M | ||
| Q1 24 | $1.0B | $97.2M |
毛利率MLMPOST
| Q4 25 | 35.0% | 29.4% | ||
| Q3 25 | 33.1% | 26.8% | ||
| Q2 25 | 30.0% | 30.0% | ||
| Q1 25 | 24.8% | 28.0% | ||
| Q4 24 | 30.0% | 30.1% | ||
| Q3 24 | 31.7% | 28.6% | ||
| Q2 24 | 29.3% | 29.6% | ||
| Q1 24 | 21.7% | 29.0% |
营业利润率MLMPOST
| Q4 25 | 24.6% | 11.0% | ||
| Q3 25 | 27.4% | 7.5% | ||
| Q2 25 | 25.3% | 11.8% | ||
| Q1 25 | 14.3% | 9.3% | ||
| Q4 24 | 24.4% | 10.8% | ||
| Q3 24 | 25.9% | 9.5% | ||
| Q2 24 | 22.6% | 10.4% | ||
| Q1 24 | — | 9.5% |
净利率MLMPOST
| Q4 25 | 24.5% | 4.5% | ||
| Q3 25 | 22.4% | 2.3% | ||
| Q2 25 | 18.1% | 5.5% | ||
| Q1 25 | 8.6% | 3.2% | ||
| Q4 24 | 18.0% | 5.7% | ||
| Q3 24 | 19.2% | 4.1% | ||
| Q2 24 | 16.7% | 5.1% | ||
| Q1 24 | 83.5% | 4.9% |
每股收益（稀释后）MLMPOST
| Q4 25 | $4.59 | $1.71 | ||
| Q3 25 | $6.85 | $0.91 | ||
| Q2 25 | $5.43 | $1.79 | ||
| Q1 25 | $1.90 | $1.03 | ||
| Q4 24 | $4.87 | $1.78 | ||
| Q3 24 | $5.91 | $1.28 | ||
| Q2 24 | $4.76 | $1.53 | ||
| Q1 24 | $16.87 | $1.48 |
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 | $279.3M |
| 总债务越低越好 | $5.3B | $7.5B |
| 股东权益账面价值 | $10.0B | $3.5B |
| 总资产 | $18.7B | $13.0B |
| 负债/权益比越低杠杆越低 | 0.53× | 2.16× |
8季度趋势，按日历期对齐
现金及短期投资MLMPOST
| Q4 25 | $67.0M | $279.3M | ||
| Q3 25 | $57.0M | $176.7M | ||
| Q2 25 | $225.0M | $1.1B | ||
| Q1 25 | $101.0M | $617.6M | ||
| Q4 24 | $670.0M | $872.9M | ||
| Q3 24 | $52.0M | $787.4M | ||
| Q2 24 | $109.0M | $333.8M | ||
| Q1 24 | $2.6B | $333.4M |
总债务MLMPOST
| Q4 25 | $5.3B | $7.5B | ||
| Q3 25 | $5.5B | $7.4B | ||
| Q2 25 | $5.4B | $7.3B | ||
| Q1 25 | $5.4B | $6.9B | ||
| Q4 24 | $5.4B | $6.9B | ||
| Q3 24 | $4.0B | $6.8B | ||
| Q2 24 | $4.3B | $6.4B | ||
| Q1 24 | $4.3B | $6.4B |
股东权益MLMPOST
| Q4 25 | $10.0B | $3.5B | ||
| Q3 25 | $9.7B | $3.8B | ||
| Q2 25 | $9.4B | $4.0B | ||
| Q1 25 | $9.1B | $3.8B | ||
| Q4 24 | $9.5B | $3.9B | ||
| Q3 24 | $9.2B | $4.1B | ||
| Q2 24 | $8.8B | $3.9B | ||
| Q1 24 | $8.9B | $4.0B |
总资产MLMPOST
| Q4 25 | $18.7B | $13.0B | ||
| Q3 25 | $18.7B | $13.5B | ||
| Q2 25 | $18.1B | $13.4B | ||
| Q1 25 | $17.7B | $12.8B | ||
| Q4 24 | $18.2B | $12.8B | ||
| Q3 24 | $16.5B | $12.9B | ||
| Q2 24 | $16.3B | $12.1B | ||
| Q1 24 | $16.2B | $12.2B |
负债/权益比MLMPOST
| Q4 25 | 0.53× | 2.16× | ||
| Q3 25 | 0.57× | 1.98× | ||
| Q2 25 | 0.58× | 1.84× | ||
| Q1 25 | 0.60× | 1.81× | ||
| Q4 24 | 0.57× | 1.79× | ||
| Q3 24 | 0.44× | 1.67× | ||
| Q2 24 | 0.49× | 1.62× | ||
| Q1 24 | 0.49× | 1.61× |
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 | $235.7M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $119.3M |
| 自由现金流率自由现金流/营收 | 37.2% | 5.5% |
| 资本支出强度资本支出/营收 | 18.0% | 5.4% |
| 现金转化率经营现金流/净利润 | 2.25× | 2.43× |
| 过去12个月自由现金流最近4个季度 | $978.0M | $436.0M |
8季度趋势，按日历期对齐
经营现金流MLMPOST
| Q4 25 | $629.0M | $235.7M | ||
| Q3 25 | $551.0M | $301.3M | ||
| Q2 25 | $387.0M | $225.9M | ||
| Q1 25 | $218.0M | $160.7M | ||
| Q4 24 | $686.0M | $310.4M | ||
| Q3 24 | $600.0M | $235.4M | ||
| Q2 24 | $1.0M | $272.3M | ||
| Q1 24 | $172.0M | $249.6M |
自由现金流MLMPOST
| Q4 25 | $424.0M | $119.3M | ||
| Q3 25 | $361.0M | $151.6M | ||
| Q2 25 | $208.0M | $94.9M | ||
| Q1 25 | $-15.0M | $70.2M | ||
| Q4 24 | $453.0M | $171.4M | ||
| Q3 24 | $317.0M | $96.2M | ||
| Q2 24 | $-138.0M | $161.5M | ||
| Q1 24 | $-28.0M | $150.9M |
自由现金流率MLMPOST
| Q4 25 | 37.2% | 5.5% | ||
| Q3 25 | 19.6% | 6.7% | ||
| Q2 25 | 11.5% | 4.8% | ||
| Q1 25 | -1.1% | 3.6% | ||
| Q4 24 | 27.8% | 8.7% | ||
| Q3 24 | 16.8% | 4.8% | ||
| Q2 24 | -7.8% | 8.3% | ||
| Q1 24 | -2.2% | 7.5% |
资本支出强度MLMPOST
| Q4 25 | 18.0% | 5.4% | ||
| Q3 25 | 10.3% | 6.7% | ||
| Q2 25 | 9.9% | 6.6% | ||
| Q1 25 | 17.2% | 4.6% | ||
| Q4 24 | 14.3% | 7.0% | ||
| Q3 24 | 15.0% | 6.9% | ||
| Q2 24 | 7.9% | 5.7% | ||
| Q1 24 | 16.0% | 4.9% |
现金转化率MLMPOST
| Q4 25 | 2.25× | 2.43× | ||
| Q3 25 | 1.33× | 5.91× | ||
| Q2 25 | 1.18× | 2.08× | ||
| Q1 25 | 1.88× | 2.57× | ||
| Q4 24 | 2.34× | 2.74× | ||
| Q3 24 | 1.65× | 2.88× | ||
| Q2 24 | 0.00× | 2.73× | ||
| Q1 24 | 0.16× | 2.57× |
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% |
POST
| Post Consumer Brands Segment | $1.1B | 51% |
| Pet Food | $360.4M | 17% |
| Side Dishes | $221.5M | 10% |
| Weetabix | $137.9M | 6% |
| Other | $122.1M | 6% |
| Nut Butters | $105.8M | 5% |
| Sausage | $53.1M | 2% |
| Cheeseand Dairy | $41.3M | 2% |
| Protein Based Shakes | $29.3M | 1% |
| Bell Ring | $18.1M | 1% |
