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Martin Marietta Materials（MLM）与Primoris Services Corp（PRIM）财务数据对比。点击上方公司名可切换其他公司
Primoris Services Corp的季度营收约是Martin Marietta Materials的1.6倍（$1.9B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 2.8%，领先21.7%），Primoris Services Corp同比增速更快（6.7% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $121.1M），过去两年Primoris Services Corp的营收复合增速更高（14.7% 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。
Primoris Services Corp是总部位于美国的上市专业基建与工程建设企业，核心业务覆盖天然气管道、污水管网及供水管道建设领域，2014年入选《财富》1000强榜单，在北美能源及民生基建领域拥有丰富的项目运营经验。
MLM vs PRIM — 直观对比
营收规模更大
PRIM
是对方的1.6倍
$1.1B
营收增速更快
PRIM
高出36.8%
-30.1%
净利率更高
MLM
高出21.7%
2.8%
自由现金流更多
MLM
多$302.9M
$121.1M
两年增速更快
PRIM
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.9B |
| 净利润 | $279.0M | $51.7M |
| 毛利率 | 35.0% | 9.4% |
| 营业利润率 | 24.6% | 4.2% |
| 净利率 | 24.5% | 2.8% |
| 营收同比 | -30.1% | 6.7% |
| 净利润同比 | -4.8% | -4.2% |
| 每股收益（稀释后） | $4.59 | $0.94 |
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MLMPRIM
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $1.8B | $1.9B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.9B | $1.6B | ||
| Q2 24 | $1.8B | $1.6B | ||
| Q1 24 | $1.3B | $1.4B |
净利润MLMPRIM
| Q4 25 | $279.0M | $51.7M | ||
| Q3 25 | $414.0M | $94.6M | ||
| Q2 25 | $328.0M | $84.3M | ||
| Q1 25 | $116.0M | $44.2M | ||
| Q4 24 | $293.0M | $54.0M | ||
| Q3 24 | $363.0M | $58.4M | ||
| Q2 24 | $294.0M | $49.5M | ||
| Q1 24 | $1.0B | $18.9M |
毛利率MLMPRIM
| Q4 25 | 35.0% | 9.4% | ||
| Q3 25 | 33.1% | 10.8% | ||
| Q2 25 | 30.0% | 12.3% | ||
| Q1 25 | 24.8% | 10.4% | ||
| Q4 24 | 30.0% | 10.6% | ||
| Q3 24 | 31.7% | 12.0% | ||
| Q2 24 | 29.3% | 11.9% | ||
| Q1 24 | 21.7% | 9.4% |
营业利润率MLMPRIM
| Q4 25 | 24.6% | 4.2% | ||
| Q3 25 | 27.4% | 6.3% | ||
| Q2 25 | 25.3% | 6.7% | ||
| Q1 25 | 14.3% | 4.3% | ||
| Q4 24 | 24.4% | 5.0% | ||
| Q3 24 | 25.9% | 6.0% | ||
| Q2 24 | 22.6% | 5.5% | ||
| Q1 24 | — | 3.1% |
净利率MLMPRIM
| Q4 25 | 24.5% | 2.8% | ||
| Q3 25 | 22.4% | 4.3% | ||
| Q2 25 | 18.1% | 4.5% | ||
| Q1 25 | 8.6% | 2.7% | ||
| Q4 24 | 18.0% | 3.1% | ||
| Q3 24 | 19.2% | 3.5% | ||
| Q2 24 | 16.7% | 3.2% | ||
| Q1 24 | 83.5% | 1.3% |
每股收益（稀释后）MLMPRIM
| Q4 25 | $4.59 | $0.94 | ||
| Q3 25 | $6.85 | $1.73 | ||
| Q2 25 | $5.43 | $1.54 | ||
| Q1 25 | $1.90 | $0.81 | ||
| Q4 24 | $4.87 | $0.98 | ||
| Q3 24 | $5.91 | $1.07 | ||
| Q2 24 | $4.76 | $0.91 | ||
| Q1 24 | $16.87 | $0.35 |
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 | $535.5M |
| 总债务越低越好 | $5.3B | $469.9M |
| 股东权益账面价值 | $10.0B | $1.7B |
| 总资产 | $18.7B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.53× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资MLMPRIM
| Q4 25 | $67.0M | $535.5M | ||
| Q3 25 | $57.0M | $431.4M | ||
| Q2 25 | $225.0M | $390.3M | ||
| Q1 25 | $101.0M | $351.6M | ||
| Q4 24 | $670.0M | $455.8M | ||
| Q3 24 | $52.0M | $352.7M | ||
| Q2 24 | $109.0M | $207.4M | ||
| Q1 24 | $2.6B | $177.6M |
总债务MLMPRIM
| Q4 25 | $5.3B | $469.9M | ||
| Q3 25 | $5.5B | $486.0M | ||
| Q2 25 | $5.4B | $603.1M | ||
| Q1 25 | $5.4B | $612.0M | ||
| Q4 24 | $5.4B | $734.8M | ||
| Q3 24 | $4.0B | $903.7M | ||
| Q2 24 | $4.3B | $933.0M | ||
| Q1 24 | $4.3B | $951.7M |
股东权益MLMPRIM
| Q4 25 | $10.0B | $1.7B | ||
| Q3 25 | $9.7B | $1.6B | ||
| Q2 25 | $9.4B | $1.5B | ||
| Q1 25 | $9.1B | $1.4B | ||
| Q4 24 | $9.5B | $1.4B | ||
| Q3 24 | $9.2B | $1.4B | ||
| Q2 24 | $8.8B | $1.3B | ||
| Q1 24 | $8.9B | $1.2B |
总资产MLMPRIM
| Q4 25 | $18.7B | $4.4B | ||
| Q3 25 | $18.7B | $4.6B | ||
| Q2 25 | $18.1B | $4.5B | ||
| Q1 25 | $17.7B | $4.2B | ||
| Q4 24 | $18.2B | $4.2B | ||
| Q3 24 | $16.5B | $4.2B | ||
| Q2 24 | $16.3B | $4.0B | ||
| Q1 24 | $16.2B | $4.0B |
负债/权益比MLMPRIM
| Q4 25 | 0.53× | 0.28× | ||
| Q3 25 | 0.57× | 0.30× | ||
| Q2 25 | 0.58× | 0.39× | ||
| Q1 25 | 0.60× | 0.42× | ||
| Q4 24 | 0.57× | 0.52× | ||
| Q3 24 | 0.44× | 0.67× | ||
| Q2 24 | 0.49× | 0.72× | ||
| Q1 24 | 0.49× | 0.76× |
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 | $142.9M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $121.1M |
| 自由现金流率自由现金流/营收 | 37.2% | 6.5% |
| 资本支出强度资本支出/营收 | 18.0% | 1.2% |
| 现金转化率经营现金流/净利润 | 2.25× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $978.0M | $340.5M |
8季度趋势，按日历期对齐
经营现金流MLMPRIM
| Q4 25 | $629.0M | $142.9M | ||
| Q3 25 | $551.0M | $182.9M | ||
| Q2 25 | $387.0M | $78.5M | ||
| Q1 25 | $218.0M | $66.2M | ||
| Q4 24 | $686.0M | $298.3M | ||
| Q3 24 | $600.0M | $222.5M | ||
| Q2 24 | $1.0M | $16.1M | ||
| Q1 24 | $172.0M | $-28.5M |
自由现金流MLMPRIM
| Q4 25 | $424.0M | $121.1M | ||
| Q3 25 | $361.0M | $148.4M | ||
| Q2 25 | $208.0M | $45.3M | ||
| Q1 25 | $-15.0M | $25.6M | ||
| Q4 24 | $453.0M | $270.0M | ||
| Q3 24 | $317.0M | $158.8M | ||
| Q2 24 | $-138.0M | $-8.1M | ||
| Q1 24 | $-28.0M | $-38.9M |
自由现金流率MLMPRIM
| Q4 25 | 37.2% | 6.5% | ||
| Q3 25 | 19.6% | 6.8% | ||
| Q2 25 | 11.5% | 2.4% | ||
| Q1 25 | -1.1% | 1.6% | ||
| Q4 24 | 27.8% | 15.5% | ||
| Q3 24 | 16.8% | 9.6% | ||
| Q2 24 | -7.8% | -0.5% | ||
| Q1 24 | -2.2% | -2.8% |
资本支出强度MLMPRIM
| Q4 25 | 18.0% | 1.2% | ||
| Q3 25 | 10.3% | 1.6% | ||
| Q2 25 | 9.9% | 1.8% | ||
| Q1 25 | 17.2% | 2.5% | ||
| Q4 24 | 14.3% | 1.6% | ||
| Q3 24 | 15.0% | 3.9% | ||
| Q2 24 | 7.9% | 1.5% | ||
| Q1 24 | 16.0% | 0.7% |
现金转化率MLMPRIM
| Q4 25 | 2.25× | 2.76× | ||
| Q3 25 | 1.33× | 1.93× | ||
| Q2 25 | 1.18× | 0.93× | ||
| Q1 25 | 1.88× | 1.50× | ||
| Q4 24 | 2.34× | 5.53× | ||
| Q3 24 | 1.65× | 3.81× | ||
| Q2 24 | 0.00× | 0.32× | ||
| Q1 24 | 0.16× | -1.50× |
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% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
