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Martin Marietta Materials（MLM）与Rithm Capital Corp.（RITM）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Rithm Capital Corp.的1.4倍（$1.1B vs $828.2M），Martin Marietta Materials净利率更高（24.5% vs 13.2%，领先11.3%），Martin Marietta Materials同比增速更快（-30.1% vs -40.0%），过去两年Martin Marietta Materials的营收复合增速更高（-4.5% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
MLM vs RITM — 直观对比
营收规模更大
MLM
是对方的1.4倍
$828.2M
营收增速更快
MLM
高出9.8%
-40.0%
净利率更高
MLM
高出11.3%
13.2%
两年增速更快
MLM
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $828.2M |
| 净利润 | $279.0M | $109.5M |
| 毛利率 | 35.0% | — |
| 营业利润率 | 24.6% | — |
| 净利率 | 24.5% | 13.2% |
| 营收同比 | -30.1% | -40.0% |
| 净利润同比 | -4.8% | 20.9% |
| 每股收益（稀释后） | $4.59 | $0.12 |
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MLMRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.4B | $768.4M | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.9B | $619.5M | ||
| Q2 24 | $1.8B | $1.2B |
净利润MLMRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $279.0M | $85.0M | ||
| Q3 25 | $414.0M | $221.5M | ||
| Q2 25 | $328.0M | $311.7M | ||
| Q1 25 | $116.0M | $78.8M | ||
| Q4 24 | $293.0M | $290.2M | ||
| Q3 24 | $363.0M | $121.7M | ||
| Q2 24 | $294.0M | $235.6M |
毛利率MLMRITM
| Q1 26 | — | — | ||
| Q4 25 | 35.0% | — | ||
| Q3 25 | 33.1% | — | ||
| Q2 25 | 30.0% | — | ||
| Q1 25 | 24.8% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 31.7% | — | ||
| Q2 24 | 29.3% | — |
营业利润率MLMRITM
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 13.8% | ||
| Q3 25 | 27.4% | 21.4% | ||
| Q2 25 | 25.3% | 25.2% | ||
| Q1 25 | 14.3% | 7.4% | ||
| Q4 24 | 24.4% | 23.8% | ||
| Q3 24 | 25.9% | 7.3% | ||
| Q2 24 | 22.6% | 23.6% |
净利率MLMRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 24.5% | 5.7% | ||
| Q3 25 | 22.4% | 20.0% | ||
| Q2 25 | 18.1% | 25.6% | ||
| Q1 25 | 8.6% | 10.3% | ||
| Q4 24 | 18.0% | 14.0% | ||
| Q3 24 | 19.2% | 19.7% | ||
| Q2 24 | 16.7% | 19.2% |
每股收益（稀释后）MLMRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $4.59 | $0.09 | ||
| Q3 25 | $6.85 | $0.35 | ||
| Q2 25 | $5.43 | $0.53 | ||
| Q1 25 | $1.90 | $0.07 | ||
| Q4 24 | $4.87 | $0.50 | ||
| Q3 24 | $5.91 | $0.20 | ||
| Q2 24 | $4.76 | $0.43 |
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 | $9.1B |
| 总资产 | $18.7B | $53.4B |
| 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MLMRITM
| Q1 26 | — | — | ||
| Q4 25 | $67.0M | $1.8B | ||
| Q3 25 | $57.0M | $1.6B | ||
| Q2 25 | $225.0M | $1.6B | ||
| Q1 25 | $101.0M | $1.5B | ||
| Q4 24 | $670.0M | $1.5B | ||
| Q3 24 | $52.0M | $1.6B | ||
| Q2 24 | $109.0M | $1.2B |
总债务MLMRITM
| Q1 26 | — | — | ||
| Q4 25 | $5.3B | $35.4B | ||
| Q3 25 | $5.5B | $32.2B | ||
| Q2 25 | $5.4B | $31.2B | ||
| Q1 25 | $5.4B | $32.2B | ||
| Q4 24 | $5.4B | $32.6B | ||
| Q3 24 | $4.0B | $29.6B | ||
| Q2 24 | $4.3B | $30.1B |
股东权益MLMRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $10.0B | $8.4B | ||
| Q3 25 | $9.7B | $8.5B | ||
| Q2 25 | $9.4B | $7.9B | ||
| Q1 25 | $9.1B | $7.8B | ||
| Q4 24 | $9.5B | $7.8B | ||
| Q3 24 | $9.2B | $7.7B | ||
| Q2 24 | $8.8B | $7.3B |
总资产MLMRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $18.7B | $53.1B | ||
| Q3 25 | $18.7B | $47.2B | ||
| Q2 25 | $18.1B | $44.3B | ||
| Q1 25 | $17.7B | $45.3B | ||
| Q4 24 | $18.2B | $46.0B | ||
| Q3 24 | $16.5B | $42.3B | ||
| Q2 24 | $16.3B | $42.0B |
负债/权益比MLMRITM
| Q1 26 | — | — | ||
| Q4 25 | 0.53× | 4.20× | ||
| Q3 25 | 0.57× | 3.79× | ||
| Q2 25 | 0.58× | 3.92× | ||
| Q1 25 | 0.60× | 4.14× | ||
| Q4 24 | 0.57× | 4.18× | ||
| Q3 24 | 0.44× | 3.87× | ||
| Q2 24 | 0.49× | 4.10× |
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MLMRITM
| Q1 26 | — | — | ||
| Q4 25 | $629.0M | $-114.6M | ||
| Q3 25 | $551.0M | $-2.0B | ||
| Q2 25 | $387.0M | $-557.1M | ||
| Q1 25 | $218.0M | $1.4B | ||
| Q4 24 | $686.0M | $-1.8B | ||
| Q3 24 | $600.0M | $768.1M | ||
| Q2 24 | $1.0M | $-55.7M |
自由现金流MLMRITM
| Q1 26 | — | — | ||
| Q4 25 | $424.0M | — | ||
| Q3 25 | $361.0M | — | ||
| Q2 25 | $208.0M | — | ||
| Q1 25 | $-15.0M | — | ||
| Q4 24 | $453.0M | — | ||
| Q3 24 | $317.0M | — | ||
| Q2 24 | $-138.0M | — |
自由现金流率MLMRITM
| Q1 26 | — | — | ||
| Q4 25 | 37.2% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | -1.1% | — | ||
| Q4 24 | 27.8% | — | ||
| Q3 24 | 16.8% | — | ||
| Q2 24 | -7.8% | — |
资本支出强度MLMRITM
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | — | ||
| Q3 25 | 10.3% | — | ||
| Q2 25 | 9.9% | — | ||
| Q1 25 | 17.2% | — | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 15.0% | — | ||
| Q2 24 | 7.9% | — |
现金转化率MLMRITM
| Q1 26 | — | — | ||
| Q4 25 | 2.25× | -1.35× | ||
| Q3 25 | 1.33× | -9.22× | ||
| Q2 25 | 1.18× | -1.79× | ||
| Q1 25 | 1.88× | 18.03× | ||
| Q4 24 | 2.34× | -6.04× | ||
| Q3 24 | 1.65× | 6.31× | ||
| Q2 24 | 0.00× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
