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Martin Marietta Materials（MLM）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是Martin Marietta Materials的1.4倍（$1.6B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs -0.8%，领先25.3%），Martin Marietta Materials自由现金流更多（$424.0M vs $57.3M）
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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
MLM vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.4倍
$1.1B
净利率更高
MLM
高出25.3%
-0.8%
自由现金流更多
MLM
多$366.7M
$57.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.6B |
| 净利润 | $279.0M | $-13.0M |
| 毛利率 | 35.0% | 27.7% |
| 营业利润率 | 24.6% | 1.2% |
| 净利率 | 24.5% | -0.8% |
| 营收同比 | -30.1% | — |
| 净利润同比 | -4.8% | — |
| 每股收益（稀释后） | $4.59 | $-0.03 |
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MLMPRMB
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.8B | $1.8B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.9B | $0 | ||
| Q2 24 | $1.8B | $1.3B | ||
| Q1 24 | $1.3B | $1.1B |
净利润MLMPRMB
| Q4 25 | $279.0M | $-13.0M | ||
| Q3 25 | $414.0M | $16.8M | ||
| Q2 25 | $328.0M | $27.6M | ||
| Q1 25 | $116.0M | $28.7M | ||
| Q4 24 | $293.0M | — | ||
| Q3 24 | $363.0M | $-2.0K | ||
| Q2 24 | $294.0M | $54.5M | ||
| Q1 24 | $1.0B | $33.5M |
毛利率MLMPRMB
| Q4 25 | 35.0% | 27.7% | ||
| Q3 25 | 33.1% | 29.9% | ||
| Q2 25 | 30.0% | 31.3% | ||
| Q1 25 | 24.8% | 32.3% | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 31.7% | — | ||
| Q2 24 | 29.3% | 32.7% | ||
| Q1 24 | 21.7% | 30.4% |
营业利润率MLMPRMB
| Q4 25 | 24.6% | 1.2% | ||
| Q3 25 | 27.4% | 8.3% | ||
| Q2 25 | 25.3% | 6.5% | ||
| Q1 25 | 14.3% | 9.5% | ||
| Q4 24 | 24.4% | — | ||
| Q3 24 | 25.9% | — | ||
| Q2 24 | 22.6% | 12.1% | ||
| Q1 24 | — | 11.0% |
净利率MLMPRMB
| Q4 25 | 24.5% | -0.8% | ||
| Q3 25 | 22.4% | 1.0% | ||
| Q2 25 | 18.1% | 1.6% | ||
| Q1 25 | 8.6% | 1.8% | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 19.2% | — | ||
| Q2 24 | 16.7% | 4.1% | ||
| Q1 24 | 83.5% | 2.9% |
每股收益（稀释后）MLMPRMB
| Q4 25 | $4.59 | $-0.03 | ||
| Q3 25 | $6.85 | $0.04 | ||
| Q2 25 | $5.43 | $0.07 | ||
| Q1 25 | $1.90 | $0.08 | ||
| Q4 24 | $4.87 | — | ||
| Q3 24 | $5.91 | $-20.00 | ||
| Q2 24 | $4.76 | $0.25 | ||
| Q1 24 | $16.87 | $0.15 |
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 | $376.7M |
| 总债务越低越好 | $5.3B | $5.2B |
| 股东权益账面价值 | $10.0B | $3.0B |
| 总资产 | $18.7B | $10.6B |
| 负债/权益比越低杠杆越低 | 0.53× | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资MLMPRMB
| Q4 25 | $67.0M | $376.7M | ||
| Q3 25 | $57.0M | — | ||
| Q2 25 | $225.0M | — | ||
| Q1 25 | $101.0M | — | ||
| Q4 24 | $670.0M | — | ||
| Q3 24 | $52.0M | — | ||
| Q2 24 | $109.0M | — | ||
| Q1 24 | $2.6B | — |
总债务MLMPRMB
| Q4 25 | $5.3B | $5.2B | ||
| Q3 25 | $5.5B | $5.1B | ||
| Q2 25 | $5.4B | $5.1B | ||
| Q1 25 | $5.4B | $5.0B | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.3B | — |
股东权益MLMPRMB
| Q4 25 | $10.0B | $3.0B | ||
| Q3 25 | $9.7B | $3.2B | ||
| Q2 25 | $9.4B | $3.2B | ||
| Q1 25 | $9.1B | $3.3B | ||
| Q4 24 | $9.5B | — | ||
| Q3 24 | $9.2B | $-2.0K | ||
| Q2 24 | $8.8B | $-296.8M | ||
| Q1 24 | $8.9B | $-349.8M |
总资产MLMPRMB
| Q4 25 | $18.7B | $10.6B | ||
| Q3 25 | $18.7B | $11.0B | ||
| Q2 25 | $18.1B | $11.0B | ||
| Q1 25 | $17.7B | $11.0B | ||
| Q4 24 | $18.2B | — | ||
| Q3 24 | $16.5B | $0 | ||
| Q2 24 | $16.3B | — | ||
| Q1 24 | $16.2B | — |
负债/权益比MLMPRMB
| Q4 25 | 0.53× | 1.72× | ||
| Q3 25 | 0.57× | 1.61× | ||
| Q2 25 | 0.58× | 1.57× | ||
| Q1 25 | 0.60× | 1.51× | ||
| 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 | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $57.3M |
| 自由现金流率自由现金流/营收 | 37.2% | 3.7% |
| 资本支出强度资本支出/营收 | 18.0% | 9.4% |
| 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 | $302.9M |
8季度趋势，按日历期对齐
经营现金流MLMPRMB
| Q4 25 | $629.0M | $203.1M | ||
| Q3 25 | $551.0M | $283.4M | ||
| Q2 25 | $387.0M | $155.0M | ||
| Q1 25 | $218.0M | $38.8M | ||
| Q4 24 | $686.0M | — | ||
| Q3 24 | $600.0M | $0 | ||
| Q2 24 | $1.0M | $102.5M | ||
| Q1 24 | $172.0M | $6.0M |
自由现金流MLMPRMB
| Q4 25 | $424.0M | $57.3M | ||
| Q3 25 | $361.0M | $167.7M | ||
| Q2 25 | $208.0M | $101.1M | ||
| Q1 25 | $-15.0M | $-23.2M | ||
| Q4 24 | $453.0M | — | ||
| Q3 24 | $317.0M | — | ||
| Q2 24 | $-138.0M | $61.4M | ||
| Q1 24 | $-28.0M | $-17.5M |
自由现金流率MLMPRMB
| Q4 25 | 37.2% | 3.7% | ||
| Q3 25 | 19.6% | 9.5% | ||
| Q2 25 | 11.5% | 5.8% | ||
| Q1 25 | -1.1% | -1.4% | ||
| Q4 24 | 27.8% | — | ||
| Q3 24 | 16.8% | — | ||
| Q2 24 | -7.8% | 4.7% | ||
| Q1 24 | -2.2% | -1.5% |
资本支出强度MLMPRMB
| Q4 25 | 18.0% | 9.4% | ||
| Q3 25 | 10.3% | 6.6% | ||
| Q2 25 | 9.9% | 3.1% | ||
| Q1 25 | 17.2% | 3.8% | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 15.0% | — | ||
| Q2 24 | 7.9% | 3.1% | ||
| Q1 24 | 16.0% | 2.1% |
现金转化率MLMPRMB
| Q4 25 | 2.25× | — | ||
| Q3 25 | 1.33× | 16.87× | ||
| Q2 25 | 1.18× | 5.62× | ||
| Q1 25 | 1.88× | 1.35× | ||
| Q4 24 | 2.34× | — | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 0.00× | 1.88× | ||
| Q1 24 | 0.16× | 0.18× |
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
