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Martin Marietta Materials（MLM）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Martin Marietta Materials的季度营收约是Reddit, Inc.的1.6倍（$1.1B vs $725.6M），Reddit, Inc.净利率更高（34.7% vs 24.5%，领先10.2%），Reddit, Inc.同比增速更快（69.7% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $263.6M），过去两年Reddit, Inc.的营收复合增速更高（72.8% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
MLM vs RDDT — 直观对比
营收规模更大
MLM
是对方的1.6倍
$725.6M
营收增速更快
RDDT
高出99.8%
-30.1%
净利率更高
RDDT
高出10.2%
24.5%
自由现金流更多
MLM
多$160.4M
$263.6M
两年增速更快
RDDT
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $725.6M |
| 净利润 | $279.0M | $251.6M |
| 毛利率 | 35.0% | 91.9% |
| 营业利润率 | 24.6% | 31.9% |
| 净利率 | 24.5% | 34.7% |
| 营收同比 | -30.1% | 69.7% |
| 净利润同比 | -4.8% | 254.2% |
| 每股收益（稀释后） | $4.59 | $1.24 |
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MLMRDDT
| Q4 25 | $1.1B | $725.6M | ||
| Q3 25 | $1.8B | $584.9M | ||
| Q2 25 | $1.8B | $499.6M | ||
| Q1 25 | $1.4B | $392.4M | ||
| Q4 24 | $1.6B | $427.7M | ||
| Q3 24 | $1.9B | $348.4M | ||
| Q2 24 | $1.8B | $281.2M | ||
| Q1 24 | $1.3B | $243.0M |
净利润MLMRDDT
| Q4 25 | $279.0M | $251.6M | ||
| Q3 25 | $414.0M | $162.7M | ||
| Q2 25 | $328.0M | $89.3M | ||
| Q1 25 | $116.0M | $26.2M | ||
| Q4 24 | $293.0M | $71.0M | ||
| Q3 24 | $363.0M | $29.9M | ||
| Q2 24 | $294.0M | $-10.1M | ||
| Q1 24 | $1.0B | $-575.1M |
毛利率MLMRDDT
| Q4 25 | 35.0% | 91.9% | ||
| Q3 25 | 33.1% | 91.0% | ||
| Q2 25 | 30.0% | 90.8% | ||
| Q1 25 | 24.8% | 90.5% | ||
| Q4 24 | 30.0% | 92.6% | ||
| Q3 24 | 31.7% | 90.1% | ||
| Q2 24 | 29.3% | 89.5% | ||
| Q1 24 | 21.7% | 88.6% |
营业利润率MLMRDDT
| Q4 25 | 24.6% | 31.9% | ||
| Q3 25 | 27.4% | 23.7% | ||
| Q2 25 | 25.3% | 13.6% | ||
| Q1 25 | 14.3% | 1.0% | ||
| Q4 24 | 24.4% | 12.4% | ||
| Q3 24 | 25.9% | 2.0% | ||
| Q2 24 | 22.6% | -11.0% | ||
| Q1 24 | — | -242.5% |
净利率MLMRDDT
| Q4 25 | 24.5% | 34.7% | ||
| Q3 25 | 22.4% | 27.8% | ||
| Q2 25 | 18.1% | 17.9% | ||
| Q1 25 | 8.6% | 6.7% | ||
| Q4 24 | 18.0% | 16.6% | ||
| Q3 24 | 19.2% | 8.6% | ||
| Q2 24 | 16.7% | -3.6% | ||
| Q1 24 | 83.5% | -236.7% |
每股收益（稀释后）MLMRDDT
| Q4 25 | $4.59 | $1.24 | ||
| Q3 25 | $6.85 | $0.80 | ||
| Q2 25 | $5.43 | $0.45 | ||
| Q1 25 | $1.90 | $0.13 | ||
| Q4 24 | $4.87 | $4.76 | ||
| Q3 24 | $5.91 | $0.16 | ||
| Q2 24 | $4.76 | $-0.06 | ||
| Q1 24 | $16.87 | $-8.19 |
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 | $953.6M |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $10.0B | $2.9B |
| 总资产 | $18.7B | $3.2B |
| 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MLMRDDT
| Q4 25 | $67.0M | $953.6M | ||
| Q3 25 | $57.0M | $911.7M | ||
| Q2 25 | $225.0M | $734.1M | ||
| Q1 25 | $101.0M | $635.7M | ||
| Q4 24 | $670.0M | $562.1M | ||
| Q3 24 | $52.0M | $515.9M | ||
| Q2 24 | $109.0M | $468.0M | ||
| Q1 24 | $2.6B | $968.5M |
总债务MLMRDDT
| 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MLMRDDT
| Q4 25 | $10.0B | $2.9B | ||
| Q3 25 | $9.7B | $2.6B | ||
| Q2 25 | $9.4B | $2.4B | ||
| Q1 25 | $9.1B | $2.2B | ||
| Q4 24 | $9.5B | $2.1B | ||
| Q3 24 | $9.2B | $2.0B | ||
| Q2 24 | $8.8B | $1.9B | ||
| Q1 24 | $8.9B | $1.8B |
总资产MLMRDDT
| Q4 25 | $18.7B | $3.2B | ||
| Q3 25 | $18.7B | $2.9B | ||
| Q2 25 | $18.1B | $2.6B | ||
| Q1 25 | $17.7B | $2.4B | ||
| Q4 24 | $18.2B | $2.3B | ||
| Q3 24 | $16.5B | $2.2B | ||
| Q2 24 | $16.3B | $2.1B | ||
| Q1 24 | $16.2B | $2.0B |
负债/权益比MLMRDDT
| 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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $263.6M |
| 自由现金流率自由现金流/营收 | 37.2% | 36.3% |
| 资本支出强度资本支出/营收 | 18.0% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.25× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $978.0M | $684.2M |
8季度趋势，按日历期对齐
经营现金流MLMRDDT
| Q4 25 | $629.0M | $266.8M | ||
| Q3 25 | $551.0M | $185.2M | ||
| Q2 25 | $387.0M | $111.3M | ||
| Q1 25 | $218.0M | $127.6M | ||
| Q4 24 | $686.0M | $90.0M | ||
| Q3 24 | $600.0M | $71.6M | ||
| Q2 24 | $1.0M | $28.4M | ||
| Q1 24 | $172.0M | $32.1M |
自由现金流MLMRDDT
| Q4 25 | $424.0M | $263.6M | ||
| Q3 25 | $361.0M | $183.1M | ||
| Q2 25 | $208.0M | $110.8M | ||
| Q1 25 | $-15.0M | $126.6M | ||
| Q4 24 | $453.0M | $89.2M | ||
| Q3 24 | $317.0M | $70.3M | ||
| Q2 24 | $-138.0M | $27.2M | ||
| Q1 24 | $-28.0M | $29.2M |
自由现金流率MLMRDDT
| Q4 25 | 37.2% | 36.3% | ||
| Q3 25 | 19.6% | 31.3% | ||
| Q2 25 | 11.5% | 22.2% | ||
| Q1 25 | -1.1% | 32.3% | ||
| Q4 24 | 27.8% | 20.8% | ||
| Q3 24 | 16.8% | 20.2% | ||
| Q2 24 | -7.8% | 9.7% | ||
| Q1 24 | -2.2% | 12.0% |
资本支出强度MLMRDDT
| Q4 25 | 18.0% | 0.4% | ||
| Q3 25 | 10.3% | 0.4% | ||
| Q2 25 | 9.9% | 0.1% | ||
| Q1 25 | 17.2% | 0.2% | ||
| Q4 24 | 14.3% | 0.2% | ||
| Q3 24 | 15.0% | 0.4% | ||
| Q2 24 | 7.9% | 0.4% | ||
| Q1 24 | 16.0% | 1.2% |
现金转化率MLMRDDT
| Q4 25 | 2.25× | 1.06× | ||
| Q3 25 | 1.33× | 1.14× | ||
| Q2 25 | 1.18× | 1.25× | ||
| Q1 25 | 1.88× | 4.88× | ||
| Q4 24 | 2.34× | 1.27× | ||
| Q3 24 | 1.65× | 2.40× | ||
| Q2 24 | 0.00× | — | ||
| 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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
