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Martin Marietta Materials（MLM）与Tri Pointe Homes, Inc.（TPH）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Tri Pointe Homes, Inc.的1.2倍（$1.1B vs $972.6M），Martin Marietta Materials净利率更高（24.5% vs 6.2%，领先18.3%），Tri Pointe Homes, Inc.同比增速更快（-22.4% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $213.2M），过去两年Tri Pointe Homes, Inc.的营收复合增速更高（1.8% 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。
Tri Pointe Homes, Inc.是总部位于美国内华达州inclinet村的住宅建筑企业，为购房者提供融资及保险服务，业务覆盖亚利桑那、加利福尼亚、内华达、华盛顿、科罗拉多、得克萨斯、哥伦比亚特区、马里兰、北卡罗来纳、南卡罗来纳、弗吉尼亚等地区，按房屋交付量计算是美国第18大住宅建筑商。
MLM vs TPH — 直观对比
营收规模更大
MLM
是对方的1.2倍
$972.6M
营收增速更快
TPH
高出7.7%
-30.1%
净利率更高
MLM
高出18.3%
6.2%
自由现金流更多
MLM
多$210.8M
$213.2M
两年增速更快
TPH
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $972.6M |
| 净利润 | $279.0M | $60.2M |
| 毛利率 | 35.0% | — |
| 营业利润率 | 24.6% | 8.1% |
| 净利率 | 24.5% | 6.2% |
| 营收同比 | -30.1% | -22.4% |
| 净利润同比 | -4.8% | -53.4% |
| 每股收益（稀释后） | $4.59 | $0.70 |
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MLMTPH
| Q4 25 | $1.1B | $972.6M | ||
| Q3 25 | $1.8B | $854.7M | ||
| Q2 25 | $1.8B | $902.4M | ||
| Q1 25 | $1.4B | $740.9M | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $1.3B | $939.4M |
净利润MLMTPH
| Q4 25 | $279.0M | $60.2M | ||
| Q3 25 | $414.0M | $56.1M | ||
| Q2 25 | $328.0M | $60.7M | ||
| Q1 25 | $116.0M | $64.0M | ||
| Q4 24 | $293.0M | $129.2M | ||
| Q3 24 | $363.0M | $111.8M | ||
| Q2 24 | $294.0M | $118.0M | ||
| Q1 24 | $1.0B | $99.1M |
毛利率MLMTPH
| 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MLMTPH
| Q4 25 | 24.6% | 8.1% | ||
| Q3 25 | 27.4% | 8.1% | ||
| Q2 25 | 25.3% | 8.5% | ||
| Q1 25 | 14.3% | 10.4% | ||
| Q4 24 | 24.4% | 13.4% | ||
| Q3 24 | 25.9% | 12.6% | ||
| Q2 24 | 22.6% | 12.9% | ||
| Q1 24 | — | 12.3% |
净利率MLMTPH
| Q4 25 | 24.5% | 6.2% | ||
| Q3 25 | 22.4% | 6.6% | ||
| Q2 25 | 18.1% | 6.7% | ||
| Q1 25 | 8.6% | 8.6% | ||
| Q4 24 | 18.0% | 10.3% | ||
| Q3 24 | 19.2% | 9.8% | ||
| Q2 24 | 16.7% | 10.2% | ||
| Q1 24 | 83.5% | 10.5% |
每股收益（稀释后）MLMTPH
| Q4 25 | $4.59 | $0.70 | ||
| Q3 25 | $6.85 | $0.64 | ||
| Q2 25 | $5.43 | $0.68 | ||
| Q1 25 | $1.90 | $0.70 | ||
| Q4 24 | $4.87 | $1.37 | ||
| Q3 24 | $5.91 | $1.18 | ||
| Q2 24 | $4.76 | $1.25 | ||
| Q1 24 | $16.87 | $1.03 |
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 | $982.8M |
| 总债务越低越好 | $5.3B | — |
| 股东权益账面价值 | $10.0B | $3.3B |
| 总资产 | $18.7B | $5.0B |
| 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MLMTPH
| Q4 25 | $67.0M | $982.8M | ||
| Q3 25 | $57.0M | $792.0M | ||
| Q2 25 | $225.0M | $622.6M | ||
| Q1 25 | $101.0M | $812.9M | ||
| Q4 24 | $670.0M | $970.0M | ||
| Q3 24 | $52.0M | $676.0M | ||
| Q2 24 | $109.0M | $492.9M | ||
| Q1 24 | $2.6B | $944.0M |
总债务MLMTPH
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.4B | $646.5M | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.3B | — |
股东权益MLMTPH
| Q4 25 | $10.0B | $3.3B | ||
| Q3 25 | $9.7B | $3.3B | ||
| Q2 25 | $9.4B | $3.3B | ||
| Q1 25 | $9.1B | $3.3B | ||
| Q4 24 | $9.5B | $3.3B | ||
| Q3 24 | $9.2B | $3.2B | ||
| Q2 24 | $8.8B | $3.1B | ||
| Q1 24 | $8.9B | $3.0B |
总资产MLMTPH
| Q4 25 | $18.7B | $5.0B | ||
| Q3 25 | $18.7B | $5.0B | ||
| Q2 25 | $18.1B | $4.8B | ||
| Q1 25 | $17.7B | $4.8B | ||
| Q4 24 | $18.2B | $4.9B | ||
| Q3 24 | $16.5B | $4.8B | ||
| Q2 24 | $16.3B | $4.6B | ||
| Q1 24 | $16.2B | $5.0B |
负债/权益比MLMTPH
| Q4 25 | 0.53× | — | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.57× | 0.19× | ||
| 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 | $221.0M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $213.2M |
| 自由现金流率自由现金流/营收 | 37.2% | 21.9% |
| 资本支出强度资本支出/营收 | 18.0% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.25× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $978.0M | $128.5M |
8季度趋势，按日历期对齐
经营现金流MLMTPH
| Q4 25 | $629.0M | $221.0M | ||
| Q3 25 | $551.0M | $45.9M | ||
| Q2 25 | $387.0M | $-74.3M | ||
| Q1 25 | $218.0M | $-31.2M | ||
| Q4 24 | $686.0M | $360.3M | ||
| Q3 24 | $600.0M | $167.9M | ||
| Q2 24 | $1.0M | $23.1M | ||
| Q1 24 | $172.0M | $144.7M |
自由现金流MLMTPH
| Q4 25 | $424.0M | $213.2M | ||
| Q3 25 | $361.0M | $39.1M | ||
| Q2 25 | $208.0M | $-84.5M | ||
| Q1 25 | $-15.0M | $-39.3M | ||
| Q4 24 | $453.0M | $355.9M | ||
| Q3 24 | $317.0M | $161.5M | ||
| Q2 24 | $-138.0M | $17.0M | ||
| Q1 24 | $-28.0M | $138.3M |
自由现金流率MLMTPH
| Q4 25 | 37.2% | 21.9% | ||
| Q3 25 | 19.6% | 4.6% | ||
| Q2 25 | 11.5% | -9.4% | ||
| Q1 25 | -1.1% | -5.3% | ||
| Q4 24 | 27.8% | 28.4% | ||
| Q3 24 | 16.8% | 14.1% | ||
| Q2 24 | -7.8% | 1.5% | ||
| Q1 24 | -2.2% | 14.7% |
资本支出强度MLMTPH
| Q4 25 | 18.0% | 0.8% | ||
| Q3 25 | 10.3% | 0.8% | ||
| Q2 25 | 9.9% | 1.1% | ||
| Q1 25 | 17.2% | 1.1% | ||
| Q4 24 | 14.3% | 0.3% | ||
| Q3 24 | 15.0% | 0.6% | ||
| Q2 24 | 7.9% | 0.5% | ||
| Q1 24 | 16.0% | 0.7% |
现金转化率MLMTPH
| Q4 25 | 2.25× | 3.67× | ||
| Q3 25 | 1.33× | 0.82× | ||
| Q2 25 | 1.18× | -1.22× | ||
| Q1 25 | 1.88× | -0.49× | ||
| Q4 24 | 2.34× | 2.79× | ||
| Q3 24 | 1.65× | 1.50× | ||
| Q2 24 | 0.00× | 0.20× | ||
| Q1 24 | 0.16× | 1.46× |
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% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
