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Martin Marietta Materials（MLM）与Veralto（VLTO）财务数据对比。点击上方公司名可切换其他公司
Veralto的季度营收约是Martin Marietta Materials的1.2倍（$1.4B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 17.9%，领先6.6%），Veralto同比增速更快（6.8% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $170.0M），过去两年Veralto的营收复合增速更高（6.8% 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。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
MLM vs VLTO — 直观对比
营收规模更大
VLTO
是对方的1.2倍
$1.1B
营收增速更快
VLTO
高出36.9%
-30.1%
净利率更高
MLM
高出6.6%
17.9%
自由现金流更多
MLM
多$254.0M
$170.0M
两年增速更快
VLTO
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $279.0M | $254.0M |
| 毛利率 | 35.0% | 60.1% |
| 营业利润率 | 24.6% | 23.8% |
| 净利率 | 24.5% | 17.9% |
| 营收同比 | -30.1% | 6.8% |
| 净利润同比 | -4.8% | 12.9% |
| 每股收益（稀释后） | $4.59 | $1.02 |
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MLMVLTO
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.9B | $1.3B | ||
| Q2 24 | $1.8B | $1.3B |
净利润MLMVLTO
| Q1 26 | — | $254.0M | ||
| Q4 25 | $279.0M | $239.0M | ||
| Q3 25 | $414.0M | $222.0M | ||
| Q2 25 | $328.0M | $225.0M | ||
| Q1 25 | $116.0M | — | ||
| Q4 24 | $293.0M | $227.0M | ||
| Q3 24 | $363.0M | $219.0M | ||
| Q2 24 | $294.0M | $203.0M |
毛利率MLMVLTO
| Q1 26 | — | 60.1% | ||
| Q4 25 | 35.0% | 60.1% | ||
| Q3 25 | 33.1% | 60.0% | ||
| Q2 25 | 30.0% | 60.4% | ||
| Q1 25 | 24.8% | — | ||
| Q4 24 | 30.0% | 59.6% | ||
| Q3 24 | 31.7% | 59.6% | ||
| Q2 24 | 29.3% | 60.1% |
营业利润率MLMVLTO
| Q1 26 | — | 23.8% | ||
| Q4 25 | 24.6% | 23.2% | ||
| Q3 25 | 27.4% | 22.8% | ||
| Q2 25 | 25.3% | 24.2% | ||
| Q1 25 | 14.3% | — | ||
| Q4 24 | 24.4% | 22.9% | ||
| Q3 24 | 25.9% | 23.4% | ||
| Q2 24 | 22.6% | 23.2% |
净利率MLMVLTO
| Q1 26 | — | 17.9% | ||
| Q4 25 | 24.5% | 17.0% | ||
| Q3 25 | 22.4% | 16.2% | ||
| Q2 25 | 18.1% | 16.9% | ||
| Q1 25 | 8.6% | — | ||
| Q4 24 | 18.0% | 16.9% | ||
| Q3 24 | 19.2% | 16.7% | ||
| Q2 24 | 16.7% | 15.8% |
每股收益（稀释后）MLMVLTO
| Q1 26 | — | $1.02 | ||
| Q4 25 | $4.59 | $0.95 | ||
| Q3 25 | $6.85 | $0.89 | ||
| Q2 25 | $5.43 | $0.90 | ||
| Q1 25 | $1.90 | — | ||
| Q4 24 | $4.87 | $0.91 | ||
| Q3 24 | $5.91 | $0.88 | ||
| Q2 24 | $4.76 | $0.81 |
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 | — |
| 总资产 | $18.7B | — |
| 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MLMVLTO
| Q1 26 | — | — | ||
| Q4 25 | $67.0M | $1.8B | ||
| Q3 25 | $57.0M | $1.6B | ||
| Q2 25 | $225.0M | $1.2B | ||
| Q1 25 | $101.0M | — | ||
| Q4 24 | $670.0M | $1.1B | ||
| Q3 24 | $52.0M | $1.3B | ||
| Q2 24 | $109.0M | $1.0B |
总债务MLMVLTO
| Q1 26 | — | — | ||
| Q4 25 | $5.3B | $2.7B | ||
| Q3 25 | $5.5B | $2.7B | ||
| Q2 25 | $5.4B | $2.6B | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.4B | $2.6B | ||
| Q3 24 | $4.0B | $2.6B | ||
| Q2 24 | $4.3B | $2.6B |
股东权益MLMVLTO
| Q1 26 | — | — | ||
| Q4 25 | $10.0B | $2.8B | ||
| Q3 25 | $9.7B | $2.7B | ||
| Q2 25 | $9.4B | $2.3B | ||
| Q1 25 | $9.1B | — | ||
| Q4 24 | $9.5B | $2.0B | ||
| Q3 24 | $9.2B | $2.0B | ||
| Q2 24 | $8.8B | $1.7B |
总资产MLMVLTO
| Q1 26 | — | — | ||
| Q4 25 | $18.7B | $7.4B | ||
| Q3 25 | $18.7B | $7.2B | ||
| Q2 25 | $18.1B | $6.6B | ||
| Q1 25 | $17.7B | — | ||
| Q4 24 | $18.2B | $6.4B | ||
| Q3 24 | $16.5B | $6.3B | ||
| Q2 24 | $16.3B | $5.9B |
负债/权益比MLMVLTO
| Q1 26 | — | — | ||
| Q4 25 | 0.53× | 0.94× | ||
| Q3 25 | 0.57× | 1.01× | ||
| Q2 25 | 0.58× | 1.14× | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.57× | 1.28× | ||
| Q3 24 | 0.44× | 1.35× | ||
| Q2 24 | 0.49× | 1.57× |
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 | $182.0M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $170.0M |
| 自由现金流率自由现金流/营收 | 37.2% | 12.0% |
| 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× | 0.72× |
| 过去12个月自由现金流最近4个季度 | $978.0M | $893.0M |
8季度趋势，按日历期对齐
经营现金流MLMVLTO
| Q1 26 | — | $182.0M | ||
| Q4 25 | $629.0M | $270.0M | ||
| Q3 25 | $551.0M | $339.0M | ||
| Q2 25 | $387.0M | $157.0M | ||
| Q1 25 | $218.0M | — | ||
| Q4 24 | $686.0M | $285.0M | ||
| Q3 24 | $600.0M | $224.0M | ||
| Q2 24 | $1.0M | $251.0M |
自由现金流MLMVLTO
| Q1 26 | — | $170.0M | ||
| Q4 25 | $424.0M | $258.0M | ||
| Q3 25 | $361.0M | $323.0M | ||
| Q2 25 | $208.0M | $142.0M | ||
| Q1 25 | $-15.0M | — | ||
| Q4 24 | $453.0M | $263.0M | ||
| Q3 24 | $317.0M | $215.0M | ||
| Q2 24 | $-138.0M | $240.0M |
自由现金流率MLMVLTO
| Q1 26 | — | 12.0% | ||
| Q4 25 | 37.2% | 18.4% | ||
| Q3 25 | 19.6% | 23.6% | ||
| Q2 25 | 11.5% | 10.7% | ||
| Q1 25 | -1.1% | — | ||
| Q4 24 | 27.8% | 19.6% | ||
| Q3 24 | 16.8% | 16.4% | ||
| Q2 24 | -7.8% | 18.6% |
资本支出强度MLMVLTO
| Q1 26 | — | 0.8% | ||
| Q4 25 | 18.0% | 0.9% | ||
| Q3 25 | 10.3% | 1.2% | ||
| Q2 25 | 9.9% | 1.1% | ||
| Q1 25 | 17.2% | — | ||
| Q4 24 | 14.3% | 1.6% | ||
| Q3 24 | 15.0% | 0.7% | ||
| Q2 24 | 7.9% | 0.9% |
现金转化率MLMVLTO
| Q1 26 | — | 0.72× | ||
| Q4 25 | 2.25× | 1.13× | ||
| Q3 25 | 1.33× | 1.53× | ||
| Q2 25 | 1.18× | 0.70× | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 2.34× | 1.26× | ||
| Q3 24 | 1.65× | 1.02× | ||
| Q2 24 | 0.00× | 1.24× |
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% |
VLTO
暂无分部数据
