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Martin Marietta Materials（MLM）与Ryman Hospitality Properties, Inc.（RHP）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Ryman Hospitality Properties, Inc.的1.7倍（$1.1B vs $664.6M），Martin Marietta Materials净利率更高（24.5% vs 10.4%，领先14.0%），Ryman Hospitality Properties, Inc.同比增速更快（13.2% vs -30.1%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（4.1% 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。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
MLM vs RHP — 直观对比
营收规模更大
MLM
是对方的1.7倍
$664.6M
营收增速更快
RHP
高出43.3%
-30.1%
净利率更高
MLM
高出14.0%
10.4%
两年增速更快
RHP
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $664.6M |
| 净利润 | $279.0M | $69.4M |
| 毛利率 | 35.0% | — |
| 营业利润率 | 24.6% | 20.7% |
| 净利率 | 24.5% | 10.4% |
| 营收同比 | -30.1% | 13.2% |
| 净利润同比 | -4.8% | 10.1% |
| 每股收益（稀释后） | $4.59 | $1.03 |
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MLMRHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | $1.1B | $737.8M | ||
| Q3 25 | $1.8B | $592.5M | ||
| Q2 25 | $1.8B | $659.5M | ||
| Q1 25 | $1.4B | $587.3M | ||
| Q4 24 | $1.6B | $647.6M | ||
| Q3 24 | $1.9B | $550.0M | ||
| Q2 24 | $1.8B | $613.3M |
净利润MLMRHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | $279.0M | $74.5M | ||
| Q3 25 | $414.0M | $34.9M | ||
| Q2 25 | $328.0M | $71.8M | ||
| Q1 25 | $116.0M | $63.0M | ||
| Q4 24 | $293.0M | $72.3M | ||
| Q3 24 | $363.0M | $59.0M | ||
| Q2 24 | $294.0M | $100.8M |
毛利率MLMRHP
| Q1 26 | — | — | ||
| Q4 25 | 35.0% | 41.4% | ||
| Q3 25 | 33.1% | 40.9% | ||
| Q2 25 | 30.0% | 49.7% | ||
| Q1 25 | 24.8% | 44.4% | ||
| Q4 24 | 30.0% | 40.4% | ||
| Q3 24 | 31.7% | 43.1% | ||
| Q2 24 | 29.3% | 48.4% |
营业利润率MLMRHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | 24.6% | 19.4% | ||
| Q3 25 | 27.4% | 15.0% | ||
| Q2 25 | 25.3% | 21.1% | ||
| Q1 25 | 14.3% | 19.8% | ||
| Q4 24 | 24.4% | 18.6% | ||
| Q3 24 | 25.9% | 19.3% | ||
| Q2 24 | 22.6% | 27.4% |
净利率MLMRHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | 24.5% | 10.1% | ||
| Q3 25 | 22.4% | 5.9% | ||
| Q2 25 | 18.1% | 10.9% | ||
| Q1 25 | 8.6% | 10.7% | ||
| Q4 24 | 18.0% | 11.2% | ||
| Q3 24 | 19.2% | 10.7% | ||
| Q2 24 | 16.7% | 16.4% |
每股收益（稀释后）MLMRHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | $4.59 | $1.12 | ||
| Q3 25 | $6.85 | $0.53 | ||
| Q2 25 | $5.43 | $1.12 | ||
| Q1 25 | $1.90 | $1.00 | ||
| Q4 24 | $4.87 | $1.12 | ||
| Q3 24 | $5.91 | $0.94 | ||
| Q2 24 | $4.76 | $1.65 |
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 | $770.8M |
| 总资产 | $18.7B | $6.2B |
| 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MLMRHP
| Q1 26 | — | — | ||
| Q4 25 | $67.0M | $471.4M | ||
| Q3 25 | $57.0M | $483.3M | ||
| Q2 25 | $225.0M | $420.6M | ||
| Q1 25 | $101.0M | $413.9M | ||
| Q4 24 | $670.0M | $477.7M | ||
| Q3 24 | $52.0M | $534.9M | ||
| Q2 24 | $109.0M | $498.4M |
总债务MLMRHP
| Q1 26 | — | — | ||
| 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 | — |
股东权益MLMRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | $10.0B | $750.2M | ||
| Q3 25 | $9.7B | $758.5M | ||
| Q2 25 | $9.4B | $800.4M | ||
| Q1 25 | $9.1B | $531.5M | ||
| Q4 24 | $9.5B | $549.0M | ||
| Q3 24 | $9.2B | $551.9M | ||
| Q2 24 | $8.8B | $562.6M |
总资产MLMRHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $18.7B | $6.2B | ||
| Q3 25 | $18.7B | $6.2B | ||
| Q2 25 | $18.1B | $6.1B | ||
| Q1 25 | $17.7B | $5.2B | ||
| Q4 24 | $18.2B | $5.2B | ||
| Q3 24 | $16.5B | $5.2B | ||
| Q2 24 | $16.3B | $5.1B |
负债/权益比MLMRHP
| Q1 26 | — | — | ||
| 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× | — |
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MLMRHP
| Q1 26 | — | — | ||
| Q4 25 | $629.0M | $164.7M | ||
| Q3 25 | $551.0M | $205.2M | ||
| Q2 25 | $387.0M | $122.5M | ||
| Q1 25 | $218.0M | $98.2M | ||
| Q4 24 | $686.0M | $166.6M | ||
| Q3 24 | $600.0M | $218.1M | ||
| Q2 24 | $1.0M | $184.3M |
自由现金流MLMRHP
| Q1 26 | — | — | ||
| Q4 25 | $424.0M | $58.5M | ||
| Q3 25 | $361.0M | $135.4M | ||
| Q2 25 | $208.0M | $53.0M | ||
| Q1 25 | $-15.0M | $-14.5M | ||
| Q4 24 | $453.0M | $76.0M | ||
| Q3 24 | $317.0M | $85.7M | ||
| Q2 24 | $-138.0M | $78.8M |
自由现金流率MLMRHP
| Q1 26 | — | — | ||
| Q4 25 | 37.2% | 7.9% | ||
| Q3 25 | 19.6% | 22.9% | ||
| Q2 25 | 11.5% | 8.0% | ||
| Q1 25 | -1.1% | -2.5% | ||
| Q4 24 | 27.8% | 11.7% | ||
| Q3 24 | 16.8% | 15.6% | ||
| Q2 24 | -7.8% | 12.9% |
资本支出强度MLMRHP
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 14.4% | ||
| Q3 25 | 10.3% | 11.8% | ||
| Q2 25 | 9.9% | 10.5% | ||
| Q1 25 | 17.2% | 19.2% | ||
| Q4 24 | 14.3% | 14.0% | ||
| Q3 24 | 15.0% | 24.1% | ||
| Q2 24 | 7.9% | 17.2% |
现金转化率MLMRHP
| Q1 26 | — | — | ||
| Q4 25 | 2.25× | 2.21× | ||
| Q3 25 | 1.33× | 5.88× | ||
| Q2 25 | 1.18× | 1.71× | ||
| Q1 25 | 1.88× | 1.56× | ||
| Q4 24 | 2.34× | 2.30× | ||
| Q3 24 | 1.65× | 3.70× | ||
| Q2 24 | 0.00× | 1.83× |
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% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
