vs
Martin Marietta Materials（MLM）与RENAISSANCERE HOLDINGS LTD（RNR）财务数据对比。点击上方公司名可切换其他公司
RENAISSANCERE HOLDINGS LTD的季度营收约是Martin Marietta Materials的1.9倍（$2.2B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 23.5%，领先1.0%），Martin Marietta Materials同比增速更快（-30.1% vs -36.8%），过去两年Martin Marietta Materials的营收复合增速更高（-4.5% vs -11.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
MLM vs RNR — 直观对比
营收规模更大
RNR
是对方的1.9倍
$1.1B
营收增速更快
MLM
高出6.6%
-36.8%
净利率更高
MLM
高出1.0%
23.5%
两年增速更快
MLM
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.2B |
| 净利润 | $279.0M | $515.8M |
| 毛利率 | 35.0% | — |
| 营业利润率 | 24.6% | — |
| 净利率 | 24.5% | 23.5% |
| 营收同比 | -30.1% | -36.8% |
| 净利润同比 | -4.8% | 72.6% |
| 每股收益（稀释后） | $4.59 | $6.57 |
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MLMRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.1B | $3.0B | ||
| Q3 25 | $1.8B | $3.2B | ||
| Q2 25 | $1.8B | $3.2B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.9B | $4.0B | ||
| Q2 24 | $1.8B | $2.8B |
净利润MLMRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $279.0M | $760.5M | ||
| Q3 25 | $414.0M | $916.5M | ||
| Q2 25 | $328.0M | $835.4M | ||
| Q1 25 | $116.0M | $170.0M | ||
| Q4 24 | $293.0M | $-189.7M | ||
| Q3 24 | $363.0M | $1.2B | ||
| Q2 24 | $294.0M | $503.9M |
毛利率MLMRNR
| 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MLMRNR
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 42.5% | ||
| Q3 25 | 27.4% | 46.3% | ||
| Q2 25 | 25.3% | 41.8% | ||
| Q1 25 | 14.3% | -2.0% | ||
| Q4 24 | 24.4% | -3.6% | ||
| Q3 24 | 25.9% | 43.7% | ||
| Q2 24 | 22.6% | 25.0% |
净利率MLMRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 24.5% | 25.6% | ||
| Q3 25 | 22.4% | 28.7% | ||
| Q2 25 | 18.1% | 26.1% | ||
| Q1 25 | 8.6% | 4.9% | ||
| Q4 24 | 18.0% | -8.3% | ||
| Q3 24 | 19.2% | 29.8% | ||
| Q2 24 | 16.7% | 17.8% |
每股收益（稀释后）MLMRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $4.59 | $16.16 | ||
| Q3 25 | $6.85 | $19.40 | ||
| Q2 25 | $5.43 | $17.20 | ||
| Q1 25 | $1.90 | $3.27 | ||
| Q4 24 | $4.87 | $-3.76 | ||
| Q3 24 | $5.91 | $22.62 | ||
| Q2 24 | $4.76 | $9.41 |
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 | $1.6B |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $10.0B | $4.3B |
| 总资产 | $18.7B | $53.7B |
| 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MLMRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $67.0M | $1.7B | ||
| Q3 25 | $57.0M | $1.7B | ||
| Q2 25 | $225.0M | $1.4B | ||
| Q1 25 | $101.0M | $1.6B | ||
| Q4 24 | $670.0M | $1.7B | ||
| Q3 24 | $52.0M | $1.6B | ||
| Q2 24 | $109.0M | $1.6B |
总债务MLMRNR
| Q1 26 | — | — | ||
| Q4 25 | $5.3B | $2.3B | ||
| Q3 25 | $5.5B | $2.2B | ||
| Q2 25 | $5.4B | $2.3B | ||
| Q1 25 | $5.4B | $2.8B | ||
| Q4 24 | $5.4B | $1.9B | ||
| Q3 24 | $4.0B | $1.9B | ||
| Q2 24 | $4.3B | $2.0B |
股东权益MLMRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $10.0B | $11.6B | ||
| Q3 25 | $9.7B | $11.5B | ||
| Q2 25 | $9.4B | $10.8B | ||
| Q1 25 | $9.1B | $10.3B | ||
| Q4 24 | $9.5B | $10.6B | ||
| Q3 24 | $9.2B | $11.2B | ||
| Q2 24 | $8.8B | $10.2B |
总资产MLMRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $18.7B | $53.8B | ||
| Q3 25 | $18.7B | $54.5B | ||
| Q2 25 | $18.1B | $54.7B | ||
| Q1 25 | $17.7B | $53.6B | ||
| Q4 24 | $18.2B | $50.7B | ||
| Q3 24 | $16.5B | $52.8B | ||
| Q2 24 | $16.3B | $51.6B |
负债/权益比MLMRNR
| Q1 26 | — | — | ||
| Q4 25 | 0.53× | 0.20× | ||
| Q3 25 | 0.57× | 0.19× | ||
| Q2 25 | 0.58× | 0.21× | ||
| Q1 25 | 0.60× | 0.27× | ||
| Q4 24 | 0.57× | 0.18× | ||
| Q3 24 | 0.44× | 0.17× | ||
| Q2 24 | 0.49× | 0.19× |
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MLMRNR
| Q1 26 | — | — | ||
| Q4 25 | $629.0M | $483.0M | ||
| Q3 25 | $551.0M | $1.6B | ||
| Q2 25 | $387.0M | $1.5B | ||
| Q1 25 | $218.0M | $157.8M | ||
| Q4 24 | $686.0M | $778.9M | ||
| Q3 24 | $600.0M | $1.5B | ||
| Q2 24 | $1.0M | $1.2B |
自由现金流MLMRNR
| 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MLMRNR
| 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MLMRNR
| 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MLMRNR
| Q1 26 | — | — | ||
| Q4 25 | 2.25× | 0.64× | ||
| Q3 25 | 1.33× | 1.73× | ||
| Q2 25 | 1.18× | 1.76× | ||
| Q1 25 | 1.88× | 0.93× | ||
| Q4 24 | 2.34× | — | ||
| Q3 24 | 1.65× | 1.26× | ||
| Q2 24 | 0.00× | 2.41× |
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% |
RNR
暂无分部数据
