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MINERALS TECHNOLOGIES INC（MTX）与VALHI INC（VHI）财务数据对比。点击上方公司名可切换其他公司
MINERALS TECHNOLOGIES INC的季度营收约是VALHI INC的1.1倍（$519.5M vs $494.5M）。MINERALS TECHNOLOGIES INC净利率更高（7.2% vs -10.8%，领先17.9%）。VALHI INC同比增速更快（2.8% vs 0.3%）。VALHI INC自由现金流更多（$89.8M vs $31.9M）。过去两年MINERALS TECHNOLOGIES INC的营收复合增速更高（-1.4% vs -3.5%）
康帕斯矿产国际是一家美国上市企业，作为领先的矿产生产商，主营盐、氯化镁、硫酸钾等产品，总部位于堪萨斯州欧弗兰帕克。公司为北美和英国客户提供经过处理及未经处理的散装道路除冰盐，同时为全球种植者提供植物营养产品，还生产民用除冰、水质调节类产品以及面向民用和商业场景的相关矿产品。
Valhi是一家美国控股公司，1987年由LLC公司与合并糖业公司合并成立，通过全资及控股子公司在多个不同行业开展业务。截至2014年12月，Contran公司持有其93%的普通股，2014年已跻身财富美国1000强企业之列。
MTX vs VHI — 直观对比
营收规模更大
MTX
是对方的1.1倍
$494.5M
营收增速更快
VHI
高出2.6%
0.3%
净利率更高
MTX
高出17.9%
-10.8%
自由现金流更多
VHI
多$57.9M
$31.9M
两年增速更快
MTX
近两年复合增速
-3.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $519.5M | $494.5M |
| 净利润 | $37.2M | $-53.2M |
| 毛利率 | 24.0% | 6.9% |
| 营业利润率 | 11.9% | -6.2% |
| 净利率 | 7.2% | -10.8% |
| 营收同比 | 0.3% | 2.8% |
| 净利润同比 | -31.1% | -333.3% |
| 每股收益（稀释后） | $1.11 | $-1.86 |
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MTXVHI
| Q4 25 | $519.5M | $494.5M | ||
| Q3 25 | $532.4M | $503.5M | ||
| Q2 25 | $528.9M | $540.4M | ||
| Q1 25 | $491.8M | $538.6M | ||
| Q4 24 | $518.1M | $480.9M | ||
| Q3 24 | $524.7M | $533.6M | ||
| Q2 24 | $541.2M | $559.7M | ||
| Q1 24 | $534.5M | $530.6M |
净利润MTXVHI
| Q4 25 | $37.2M | $-53.2M | ||
| Q3 25 | $43.0M | $-22.2M | ||
| Q2 25 | $45.4M | $900.0K | ||
| Q1 25 | $-144.0M | $16.9M | ||
| Q4 24 | $54.0M | $22.8M | ||
| Q3 24 | $46.7M | $57.5M | ||
| Q2 24 | $19.7M | $19.9M | ||
| Q1 24 | $46.7M | $7.8M |
毛利率MTXVHI
| Q4 25 | 24.0% | 6.9% | ||
| Q3 25 | 25.7% | 12.0% | ||
| Q2 25 | 25.9% | 14.5% | ||
| Q1 25 | 24.3% | 22.7% | ||
| Q4 24 | 25.6% | 20.9% | ||
| Q3 24 | 25.8% | 21.8% | ||
| Q2 24 | 26.6% | 21.7% | ||
| Q1 24 | 25.4% | 16.3% |
营业利润率MTXVHI
| Q4 25 | 11.9% | -6.2% | ||
| Q3 25 | 13.3% | 1.7% | ||
| Q2 25 | 14.1% | 6.6% | ||
| Q1 25 | -32.6% | 9.3% | ||
| Q4 24 | 16.2% | 11.8% | ||
| Q3 24 | 14.6% | 12.7% | ||
| Q2 24 | 9.3% | 9.8% | ||
| Q1 24 | 14.1% | 5.9% |
净利率MTXVHI
| Q4 25 | 7.2% | -10.8% | ||
| Q3 25 | 8.1% | -4.4% | ||
| Q2 25 | 8.6% | 0.2% | ||
| Q1 25 | -29.3% | 3.1% | ||
| Q4 24 | 10.4% | 4.7% | ||
| Q3 24 | 8.9% | 10.8% | ||
| Q2 24 | 3.6% | 3.6% | ||
| Q1 24 | 8.7% | 1.5% |
每股收益（稀释后）MTXVHI
| Q4 25 | $1.11 | $-1.86 | ||
| Q3 25 | $1.37 | $-0.78 | ||
| Q2 25 | $1.44 | $0.03 | ||
| Q1 25 | $-4.51 | $0.59 | ||
| Q4 24 | $1.67 | $0.81 | ||
| Q3 24 | $1.45 | $2.01 | ||
| Q2 24 | $0.61 | $0.70 | ||
| Q1 24 | $1.44 | $0.27 |
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 | $332.6M | $216.9M |
| 总债务越低越好 | $961.3M | $590.9M |
| 股东权益账面价值 | $1.7B | $1.0B |
| 总资产 | $3.5B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资MTXVHI
| Q4 25 | $332.6M | $216.9M | ||
| Q3 25 | $328.3M | $186.6M | ||
| Q2 25 | $319.9M | $190.9M | ||
| Q1 25 | $312.2M | $196.4M | ||
| Q4 24 | $337.1M | $350.2M | ||
| Q3 24 | $324.5M | $316.7M | ||
| Q2 24 | $316.4M | $386.9M | ||
| Q1 24 | $320.1M | $372.7M |
总债务MTXVHI
| Q4 25 | $961.3M | $590.9M | ||
| Q3 25 | $964.3M | $661.5M | ||
| Q2 25 | $965.6M | $544.8M | ||
| Q1 25 | $966.7M | $525.9M | ||
| Q4 24 | $966.1M | $484.4M | ||
| Q3 24 | $922.9M | $526.6M | ||
| Q2 24 | $922.4M | $497.4M | ||
| Q1 24 | $925.8M | $511.2M |
股东权益MTXVHI
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.7B | $1.0B | ||
| Q2 24 | $1.7B | $962.6M | ||
| Q1 24 | $1.7B | $928.2M |
总资产MTXVHI
| Q4 25 | $3.5B | $2.6B | ||
| Q3 25 | $3.5B | $2.7B | ||
| Q2 25 | $3.5B | $2.8B | ||
| Q1 25 | $3.4B | $2.8B | ||
| Q4 24 | $3.4B | $2.8B | ||
| Q3 24 | $3.4B | $2.8B | ||
| Q2 24 | $3.3B | $2.5B | ||
| Q1 24 | $3.3B | $2.6B |
负债/权益比MTXVHI
| Q4 25 | 0.56× | 0.58× | ||
| Q3 25 | 0.58× | 0.63× | ||
| Q2 25 | 0.58× | 0.51× | ||
| Q1 25 | 0.60× | 0.49× | ||
| Q4 24 | 0.55× | 0.47× | ||
| Q3 24 | 0.54× | 0.52× | ||
| Q2 24 | 0.55× | 0.52× | ||
| Q1 24 | 0.56× | 0.55× |
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 | $64.3M | $100.6M |
| 自由现金流经营现金流 - 资本支出 | $31.9M | $89.8M |
| 自由现金流率自由现金流/营收 | 6.1% | 18.2% |
| 资本支出强度资本支出/营收 | 6.2% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.73× | — |
| 过去12个月自由现金流最近4个季度 | $86.6M | $-82.1M |
8季度趋势，按日历期对齐
经营现金流MTXVHI
| Q4 25 | $64.3M | $100.6M | ||
| Q3 25 | $70.9M | $-1.9M | ||
| Q2 25 | $62.9M | $21.7M | ||
| Q1 25 | $-4.4M | $-155.9M | ||
| Q4 24 | $70.4M | $45.8M | ||
| Q3 24 | $60.0M | $13.5M | ||
| Q2 24 | $50.1M | $33.5M | ||
| Q1 24 | $55.9M | $-48.8M |
自由现金流MTXVHI
| Q4 25 | $31.9M | $89.8M | ||
| Q3 25 | $43.6M | $-12.3M | ||
| Q2 25 | $33.8M | $9.1M | ||
| Q1 25 | $-22.7M | $-168.7M | ||
| Q4 24 | $42.3M | $33.3M | ||
| Q3 24 | $35.3M | $3.9M | ||
| Q2 24 | $29.9M | $29.7M | ||
| Q1 24 | $39.4M | $-53.8M |
自由现金流率MTXVHI
| Q4 25 | 6.1% | 18.2% | ||
| Q3 25 | 8.2% | -2.4% | ||
| Q2 25 | 6.4% | 1.7% | ||
| Q1 25 | -4.6% | -31.3% | ||
| Q4 24 | 8.2% | 6.9% | ||
| Q3 24 | 6.7% | 0.7% | ||
| Q2 24 | 5.5% | 5.3% | ||
| Q1 24 | 7.4% | -10.1% |
资本支出强度MTXVHI
| Q4 25 | 6.2% | 2.2% | ||
| Q3 25 | 5.1% | 2.1% | ||
| Q2 25 | 5.5% | 2.3% | ||
| Q1 25 | 3.7% | 2.4% | ||
| Q4 24 | 5.4% | 2.6% | ||
| Q3 24 | 4.7% | 1.8% | ||
| Q2 24 | 3.7% | 0.7% | ||
| Q1 24 | 3.1% | 0.9% |
现金转化率MTXVHI
| Q4 25 | 1.73× | — | ||
| Q3 25 | 1.65× | — | ||
| Q2 25 | 1.39× | 24.11× | ||
| Q1 25 | — | -9.22× | ||
| Q4 24 | 1.30× | 2.01× | ||
| Q3 24 | 1.28× | 0.23× | ||
| Q2 24 | 2.54× | 1.68× | ||
| Q1 24 | 1.20× | -6.26× |
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
MTX
| High Temperature Technologies | $178.0M | 34% |
| Specialty Additives | $141.8M | 27% |
| Household And Personal Care | $132.5M | 26% |
| Environmental And Infrastructure | $67.2M | 13% |
VHI
| Chemicals | $418.3M | 85% |
| Real Estate Management And Development | $38.5M | 8% |
| Security Products | $29.5M | 6% |
| Marine Components | $8.2M | 2% |
