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Martin Marietta Materials（MLM）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是Martin Marietta Materials的1.3倍（$1.5B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs -3.1%，领先27.6%），RXO, Inc.同比增速更快（-11.9% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
MLM vs RXO — 直观对比
营收规模更大
RXO
是对方的1.3倍
$1.1B
营收增速更快
RXO
高出18.3%
-30.1%
净利率更高
MLM
高出27.6%
-3.1%
自由现金流更多
MLM
多$433.0M
$-9.0M
两年增速更快
RXO
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.5B |
| 净利润 | $279.0M | $-46.0M |
| 毛利率 | 35.0% | — |
| 营业利润率 | 24.6% | -2.9% |
| 净利率 | 24.5% | -3.1% |
| 营收同比 | -30.1% | -11.9% |
| 净利润同比 | -4.8% | -84.0% |
| 每股收益（稀释后） | $4.59 | $-0.28 |
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MLMRXO
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.9B | $1.0B | ||
| Q2 24 | $1.8B | $930.0M | ||
| Q1 24 | $1.3B | $913.0M |
净利润MLMRXO
| Q4 25 | $279.0M | $-46.0M | ||
| Q3 25 | $414.0M | $-14.0M | ||
| Q2 25 | $328.0M | $-9.0M | ||
| Q1 25 | $116.0M | $-31.0M | ||
| Q4 24 | $293.0M | $-25.0M | ||
| Q3 24 | $363.0M | $-243.0M | ||
| Q2 24 | $294.0M | $-7.0M | ||
| Q1 24 | $1.0B | $-15.0M |
毛利率MLMRXO
| 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% | — | ||
| Q1 24 | 21.7% | — |
营业利润率MLMRXO
| Q4 25 | 24.6% | -2.9% | ||
| Q3 25 | 27.4% | -0.5% | ||
| Q2 25 | 25.3% | — | ||
| Q1 25 | 14.3% | -2.1% | ||
| Q4 24 | 24.4% | -1.4% | ||
| Q3 24 | 25.9% | -1.9% | ||
| Q2 24 | 22.6% | — | ||
| Q1 24 | — | -1.3% |
净利率MLMRXO
| Q4 25 | 24.5% | -3.1% | ||
| Q3 25 | 22.4% | -1.0% | ||
| Q2 25 | 18.1% | -0.6% | ||
| Q1 25 | 8.6% | -2.2% | ||
| Q4 24 | 18.0% | -1.5% | ||
| Q3 24 | 19.2% | -23.4% | ||
| Q2 24 | 16.7% | -0.8% | ||
| Q1 24 | 83.5% | -1.6% |
每股收益（稀释后）MLMRXO
| Q4 25 | $4.59 | $-0.28 | ||
| Q3 25 | $6.85 | $-0.08 | ||
| Q2 25 | $5.43 | $-0.05 | ||
| Q1 25 | $1.90 | $-0.18 | ||
| Q4 24 | $4.87 | $-0.17 | ||
| Q3 24 | $5.91 | $-1.81 | ||
| Q2 24 | $4.76 | $-0.06 | ||
| Q1 24 | $16.87 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $5.3B | $387.0M |
| 股东权益账面价值 | $10.0B | $1.5B |
| 总资产 | $18.7B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.53× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资MLMRXO
| Q4 25 | $67.0M | $17.0M | ||
| Q3 25 | $57.0M | $25.0M | ||
| Q2 25 | $225.0M | $18.0M | ||
| Q1 25 | $101.0M | $16.0M | ||
| Q4 24 | $670.0M | $35.0M | ||
| Q3 24 | $52.0M | $55.0M | ||
| Q2 24 | $109.0M | $7.0M | ||
| Q1 24 | $2.6B | $7.0M |
总债务MLMRXO
| Q4 25 | $5.3B | $387.0M | ||
| Q3 25 | $5.5B | $387.0M | ||
| Q2 25 | $5.4B | $387.0M | ||
| Q1 25 | $5.4B | $387.0M | ||
| Q4 24 | $5.4B | $351.0M | ||
| Q3 24 | $4.0B | $352.0M | ||
| Q2 24 | $4.3B | $370.0M | ||
| Q1 24 | $4.3B | $351.0M |
股东权益MLMRXO
| Q4 25 | $10.0B | $1.5B | ||
| Q3 25 | $9.7B | $1.6B | ||
| Q2 25 | $9.4B | $1.6B | ||
| Q1 25 | $9.1B | $1.6B | ||
| Q4 24 | $9.5B | $1.6B | ||
| Q3 24 | $9.2B | $1.7B | ||
| Q2 24 | $8.8B | $579.0M | ||
| Q1 24 | $8.9B | $582.0M |
总资产MLMRXO
| Q4 25 | $18.7B | $3.3B | ||
| Q3 25 | $18.7B | $3.2B | ||
| Q2 25 | $18.1B | $3.2B | ||
| Q1 25 | $17.7B | $3.3B | ||
| Q4 24 | $18.2B | $3.4B | ||
| Q3 24 | $16.5B | $3.4B | ||
| Q2 24 | $16.3B | $1.8B | ||
| Q1 24 | $16.2B | $1.8B |
负债/权益比MLMRXO
| Q4 25 | 0.53× | 0.25× | ||
| Q3 25 | 0.57× | 0.24× | ||
| Q2 25 | 0.58× | 0.24× | ||
| Q1 25 | 0.60× | 0.24× | ||
| Q4 24 | 0.57× | 0.22× | ||
| Q3 24 | 0.44× | 0.21× | ||
| Q2 24 | 0.49× | 0.64× | ||
| Q1 24 | 0.49× | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | 37.2% | -0.6% |
| 资本支出强度资本支出/营收 | 18.0% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流MLMRXO
| Q4 25 | $629.0M | $7.0M | ||
| Q3 25 | $551.0M | $23.0M | ||
| Q2 25 | $387.0M | $23.0M | ||
| Q1 25 | $218.0M | $-2.0M | ||
| Q4 24 | $686.0M | $-7.0M | ||
| Q3 24 | $600.0M | $-7.0M | ||
| Q2 24 | $1.0M | $-5.0M | ||
| Q1 24 | $172.0M | $7.0M |
自由现金流MLMRXO
| Q4 25 | $424.0M | $-9.0M | ||
| Q3 25 | $361.0M | $9.0M | ||
| Q2 25 | $208.0M | $9.0M | ||
| Q1 25 | $-15.0M | $-17.0M | ||
| Q4 24 | $453.0M | $-19.0M | ||
| Q3 24 | $317.0M | $-18.0M | ||
| Q2 24 | $-138.0M | $-16.0M | ||
| Q1 24 | $-28.0M | $-4.0M |
自由现金流率MLMRXO
| Q4 25 | 37.2% | -0.6% | ||
| Q3 25 | 19.6% | 0.6% | ||
| Q2 25 | 11.5% | 0.6% | ||
| Q1 25 | -1.1% | -1.2% | ||
| Q4 24 | 27.8% | -1.1% | ||
| Q3 24 | 16.8% | -1.7% | ||
| Q2 24 | -7.8% | -1.7% | ||
| Q1 24 | -2.2% | -0.4% |
资本支出强度MLMRXO
| Q4 25 | 18.0% | 1.1% | ||
| Q3 25 | 10.3% | 1.0% | ||
| Q2 25 | 9.9% | 1.0% | ||
| Q1 25 | 17.2% | 1.0% | ||
| Q4 24 | 14.3% | 0.7% | ||
| Q3 24 | 15.0% | 1.1% | ||
| Q2 24 | 7.9% | 1.2% | ||
| Q1 24 | 16.0% | 1.2% |
现金转化率MLMRXO
| Q4 25 | 2.25× | — | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 2.34× | — | ||
| Q3 24 | 1.65× | — | ||
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
