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Martin Marietta Materials（MLM）与SM Energy Co（SM）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SM Energy Co的1.6倍（$1.1B vs $704.9M），SM Energy Co同比增速更快（-17.3% vs -30.1%），过去两年SM Energy Co的营收复合增速更高（12.2% 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。
SM能源公司是一家专注于油气勘探开发的能源企业，注册地位于美国特拉华州，总部设立在科罗拉多州丹佛市，业务围绕 hydrocarbon 资源的勘探布局，在能源勘探领域拥有成熟的运营经验。
MLM vs SM — 直观对比
营收规模更大
MLM
是对方的1.6倍
$704.9M
营收增速更快
SM
高出12.9%
-30.1%
两年增速更快
SM
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $704.9M |
| 净利润 | $279.0M | — |
| 毛利率 | 35.0% | — |
| 营业利润率 | 24.6% | 25.9% |
| 净利率 | 24.5% | — |
| 营收同比 | -30.1% | -17.3% |
| 净利润同比 | -4.8% | — |
| 每股收益（稀释后） | $4.59 | $0.94 |
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MLMSM
| Q4 25 | $1.1B | $704.9M | ||
| Q3 25 | $1.8B | $811.6M | ||
| Q2 25 | $1.8B | $792.9M | ||
| Q1 25 | $1.4B | $844.5M | ||
| Q4 24 | $1.6B | $852.0M | ||
| Q3 24 | $1.9B | $643.6M | ||
| Q2 24 | $1.8B | $634.6M | ||
| Q1 24 | $1.3B | $559.9M |
净利润MLMSM
| Q4 25 | $279.0M | — | ||
| Q3 25 | $414.0M | $155.1M | ||
| Q2 25 | $328.0M | $201.7M | ||
| Q1 25 | $116.0M | $182.3M | ||
| Q4 24 | $293.0M | — | ||
| Q3 24 | $363.0M | $240.5M | ||
| Q2 24 | $294.0M | $210.3M | ||
| Q1 24 | $1.0B | $131.2M |
毛利率MLMSM
| 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MLMSM
| Q4 25 | 24.6% | 25.9% | ||
| Q3 25 | 27.4% | 30.4% | ||
| Q2 25 | 25.3% | 37.2% | ||
| Q1 25 | 14.3% | 32.7% | ||
| Q4 24 | 24.4% | 33.7% | ||
| Q3 24 | 25.9% | 51.4% | ||
| Q2 24 | 22.6% | 44.0% | ||
| Q1 24 | — | 31.9% |
净利率MLMSM
| Q4 25 | 24.5% | — | ||
| Q3 25 | 22.4% | 19.1% | ||
| Q2 25 | 18.1% | 25.4% | ||
| Q1 25 | 8.6% | 21.6% | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 19.2% | 37.4% | ||
| Q2 24 | 16.7% | 33.1% | ||
| Q1 24 | 83.5% | 23.4% |
每股收益（稀释后）MLMSM
| Q4 25 | $4.59 | $0.94 | ||
| Q3 25 | $6.85 | $1.35 | ||
| Q2 25 | $5.43 | $1.76 | ||
| Q1 25 | $1.90 | $1.59 | ||
| Q4 24 | $4.87 | $1.63 | ||
| Q3 24 | $5.91 | $2.09 | ||
| Q2 24 | $4.76 | $1.82 | ||
| Q1 24 | $16.87 | $1.13 |
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 | $368.0M |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $10.0B | $4.8B |
| 总资产 | $18.7B | $9.3B |
| 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MLMSM
| Q4 25 | $67.0M | $368.0M | ||
| Q3 25 | $57.0M | $162.3M | ||
| Q2 25 | $225.0M | $101.9M | ||
| Q1 25 | $101.0M | $54.0K | ||
| Q4 24 | $670.0M | — | ||
| Q3 24 | $52.0M | $1.7B | ||
| Q2 24 | $109.0M | $487.9M | ||
| Q1 24 | $2.6B | $506.3M |
总债务MLMSM
| 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 | — | ||
| Q1 24 | $4.3B | — |
股东权益MLMSM
| Q4 25 | $10.0B | $4.8B | ||
| Q3 25 | $9.7B | $4.7B | ||
| Q2 25 | $9.4B | $4.6B | ||
| Q1 25 | $9.1B | $4.4B | ||
| Q4 24 | $9.5B | $4.2B | ||
| Q3 24 | $9.2B | $4.1B | ||
| Q2 24 | $8.8B | $3.8B | ||
| Q1 24 | $8.9B | $3.7B |
总资产MLMSM
| Q4 25 | $18.7B | $9.3B | ||
| Q3 25 | $18.7B | $9.1B | ||
| Q2 25 | $18.1B | $9.0B | ||
| Q1 25 | $17.7B | $8.8B | ||
| Q4 24 | $18.2B | $8.6B | ||
| Q3 24 | $16.5B | $8.0B | ||
| Q2 24 | $16.3B | $6.7B | ||
| Q1 24 | $16.2B | $6.4B |
负债/权益比MLMSM
| 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× | — | ||
| Q1 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 | $451.9M |
| 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MLMSM
| Q4 25 | $629.0M | $451.9M | ||
| Q3 25 | $551.0M | $505.0M | ||
| Q2 25 | $387.0M | $571.1M | ||
| Q1 25 | $218.0M | $483.0M | ||
| Q4 24 | $686.0M | $578.4M | ||
| Q3 24 | $600.0M | $452.3M | ||
| Q2 24 | $1.0M | $476.4M | ||
| Q1 24 | $172.0M | $276.0M |
自由现金流MLMSM
| 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 | — | ||
| Q1 24 | $-28.0M | — |
自由现金流率MLMSM
| 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% | — | ||
| Q1 24 | -2.2% | — |
资本支出强度MLMSM
| 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% | — | ||
| Q1 24 | 16.0% | — |
现金转化率MLMSM
| Q4 25 | 2.25× | — | ||
| Q3 25 | 1.33× | 3.26× | ||
| Q2 25 | 1.18× | 2.83× | ||
| Q1 25 | 1.88× | 2.65× | ||
| Q4 24 | 2.34× | — | ||
| Q3 24 | 1.65× | 1.88× | ||
| Q2 24 | 0.00× | 2.27× | ||
| Q1 24 | 0.16× | 2.10× |
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% |
SM
暂无分部数据
