vs
Martin Marietta Materials（MLM）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
Martin Marietta Materials的季度营收约是越洋钻探的1.1倍（$1.1B vs $1.0B），Martin Marietta Materials净利率更高（24.5% vs 2.4%，领先22.1%），越洋钻探同比增速更快（9.6% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $321.0M），过去两年越洋钻探的营收复合增速更高（16.9% 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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
MLM vs RIG — 直观对比
营收规模更大
MLM
是对方的1.1倍
$1.0B
营收增速更快
RIG
高出39.7%
-30.1%
净利率更高
MLM
高出22.1%
2.4%
自由现金流更多
MLM
多$103.0M
$321.0M
两年增速更快
RIG
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.0B |
| 净利润 | $279.0M | $25.0M |
| 毛利率 | 35.0% | 42.0% |
| 营业利润率 | 24.6% | 23.0% |
| 净利率 | 24.5% | 2.4% |
| 营收同比 | -30.1% | 9.6% |
| 净利润同比 | -4.8% | 257.1% |
| 每股收益（稀释后） | $4.59 | $0.13 |
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MLMRIG
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $1.8B | $1.0B | ||
| Q2 25 | $1.8B | $988.0M | ||
| Q1 25 | $1.4B | $906.0M | ||
| Q4 24 | $1.6B | $952.0M | ||
| Q3 24 | $1.9B | $948.0M | ||
| Q2 24 | $1.8B | $861.0M | ||
| Q1 24 | $1.3B | $763.0M |
净利润MLMRIG
| Q4 25 | $279.0M | $25.0M | ||
| Q3 25 | $414.0M | $-1.9B | ||
| Q2 25 | $328.0M | $-938.0M | ||
| Q1 25 | $116.0M | $-79.0M | ||
| Q4 24 | $293.0M | $7.0M | ||
| Q3 24 | $363.0M | $-494.0M | ||
| Q2 24 | $294.0M | $-123.0M | ||
| Q1 24 | $1.0B | $98.0M |
毛利率MLMRIG
| Q4 25 | 35.0% | 42.0% | ||
| Q3 25 | 33.1% | 43.2% | ||
| Q2 25 | 30.0% | 39.4% | ||
| Q1 25 | 24.8% | 31.8% | ||
| Q4 24 | 30.0% | 39.2% | ||
| Q3 24 | 31.7% | 40.6% | ||
| Q2 24 | 29.3% | 38.0% | ||
| Q1 24 | 21.7% | 31.5% |
营业利润率MLMRIG
| Q4 25 | 24.6% | 23.0% | ||
| Q3 25 | 27.4% | -163.1% | ||
| Q2 25 | 25.3% | -97.6% | ||
| Q1 25 | 14.3% | 7.1% | ||
| Q4 24 | 24.4% | 13.7% | ||
| Q3 24 | 25.9% | -51.2% | ||
| Q2 24 | 22.6% | -6.9% | ||
| Q1 24 | — | -0.4% |
净利率MLMRIG
| Q4 25 | 24.5% | 2.4% | ||
| Q3 25 | 22.4% | -187.1% | ||
| Q2 25 | 18.1% | -94.9% | ||
| Q1 25 | 8.6% | -8.7% | ||
| Q4 24 | 18.0% | 0.7% | ||
| Q3 24 | 19.2% | -52.1% | ||
| Q2 24 | 16.7% | -14.3% | ||
| Q1 24 | 83.5% | 12.8% |
每股收益（稀释后）MLMRIG
| Q4 25 | $4.59 | $0.13 | ||
| Q3 25 | $6.85 | $-2.00 | ||
| Q2 25 | $5.43 | $-1.06 | ||
| Q1 25 | $1.90 | $-0.11 | ||
| Q4 24 | $4.87 | $-0.14 | ||
| Q3 24 | $5.91 | $-0.58 | ||
| Q2 24 | $4.76 | $-0.15 | ||
| Q1 24 | $16.87 | $0.11 |
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 | $620.0M |
| 总债务越低越好 | $5.3B | $5.2B |
| 股东权益账面价值 | $10.0B | $8.1B |
| 总资产 | $18.7B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.53× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资MLMRIG
| Q4 25 | $67.0M | $620.0M | ||
| Q3 25 | $57.0M | $833.0M | ||
| Q2 25 | $225.0M | $377.0M | ||
| Q1 25 | $101.0M | $263.0M | ||
| Q4 24 | $670.0M | $560.0M | ||
| Q3 24 | $52.0M | $435.0M | ||
| Q2 24 | $109.0M | $475.0M | ||
| Q1 24 | $2.6B | $446.0M |
总债务MLMRIG
| Q4 25 | $5.3B | $5.2B | ||
| Q3 25 | $5.5B | $4.8B | ||
| Q2 25 | $5.4B | $5.9B | ||
| Q1 25 | $5.4B | $5.9B | ||
| Q4 24 | $5.4B | $6.2B | ||
| Q3 24 | $4.0B | $6.5B | ||
| Q2 24 | $4.3B | $6.8B | ||
| Q1 24 | $4.3B | $6.8B |
股东权益MLMRIG
| Q4 25 | $10.0B | $8.1B | ||
| Q3 25 | $9.7B | $8.1B | ||
| Q2 25 | $9.4B | $9.4B | ||
| Q1 25 | $9.1B | $10.2B | ||
| Q4 24 | $9.5B | $10.3B | ||
| Q3 24 | $9.2B | $10.2B | ||
| Q2 24 | $8.8B | $10.7B | ||
| Q1 24 | $8.9B | $10.5B |
总资产MLMRIG
| Q4 25 | $18.7B | $15.6B | ||
| Q3 25 | $18.7B | $16.2B | ||
| Q2 25 | $18.1B | $17.8B | ||
| Q1 25 | $17.7B | $19.0B | ||
| Q4 24 | $18.2B | $19.4B | ||
| Q3 24 | $16.5B | $19.5B | ||
| Q2 24 | $16.3B | $20.3B | ||
| Q1 24 | $16.2B | $19.9B |
负债/权益比MLMRIG
| Q4 25 | 0.53× | 0.64× | ||
| Q3 25 | 0.57× | 0.60× | ||
| Q2 25 | 0.58× | 0.63× | ||
| Q1 25 | 0.60× | 0.58× | ||
| Q4 24 | 0.57× | 0.60× | ||
| Q3 24 | 0.44× | 0.64× | ||
| Q2 24 | 0.49× | 0.63× | ||
| Q1 24 | 0.49× | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 37.2% | 30.8% |
| 资本支出强度资本支出/营收 | 18.0% | 2.7% |
| 现金转化率经营现金流/净利润 | 2.25× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $978.0M | $626.0M |
8季度趋势，按日历期对齐
经营现金流MLMRIG
| Q4 25 | $629.0M | $349.0M | ||
| Q3 25 | $551.0M | $246.0M | ||
| Q2 25 | $387.0M | $128.0M | ||
| Q1 25 | $218.0M | $26.0M | ||
| Q4 24 | $686.0M | $206.0M | ||
| Q3 24 | $600.0M | $194.0M | ||
| Q2 24 | $1.0M | $133.0M | ||
| Q1 24 | $172.0M | $-86.0M |
自由现金流MLMRIG
| Q4 25 | $424.0M | $321.0M | ||
| Q3 25 | $361.0M | $235.0M | ||
| Q2 25 | $208.0M | $104.0M | ||
| Q1 25 | $-15.0M | $-34.0M | ||
| Q4 24 | $453.0M | $177.0M | ||
| Q3 24 | $317.0M | $136.0M | ||
| Q2 24 | $-138.0M | $49.0M | ||
| Q1 24 | $-28.0M | $-169.0M |
自由现金流率MLMRIG
| Q4 25 | 37.2% | 30.8% | ||
| Q3 25 | 19.6% | 22.9% | ||
| Q2 25 | 11.5% | 10.5% | ||
| Q1 25 | -1.1% | -3.8% | ||
| Q4 24 | 27.8% | 18.6% | ||
| Q3 24 | 16.8% | 14.3% | ||
| Q2 24 | -7.8% | 5.7% | ||
| Q1 24 | -2.2% | -22.1% |
资本支出强度MLMRIG
| Q4 25 | 18.0% | 2.7% | ||
| Q3 25 | 10.3% | 1.1% | ||
| Q2 25 | 9.9% | 2.4% | ||
| Q1 25 | 17.2% | 6.6% | ||
| Q4 24 | 14.3% | 3.0% | ||
| Q3 24 | 15.0% | 6.1% | ||
| Q2 24 | 7.9% | 9.8% | ||
| Q1 24 | 16.0% | 10.9% |
现金转化率MLMRIG
| Q4 25 | 2.25× | 13.96× | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 2.34× | 29.43× | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.16× | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
