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U-Haul Holding Co（UHAL）与Vulcan Materials Company（VMC）财务数据对比。点击上方公司名可切换其他公司
Vulcan Materials Company的季度营收约是U-Haul Holding Co的1.4倍（$1.9B vs $1.4B），Vulcan Materials Company净利率更高（13.2% vs 2.6%，领先10.6%），Vulcan Materials Company同比增速更快（3.2% vs 1.9%），Vulcan Materials Company自由现金流更多（$358.2M vs $-447.6M）
U-Haul控股公司是总部位于美国亚利桑那州凤凰城的移动货车、拖车及自助仓储租赁企业，1945年由伦纳德·肖恩与安娜·玛丽·卡蒂在华盛顿州里奇菲尔德创立，最初起步于卡蒂家族的车库，后通过加油站加盟模式扩张，业务覆盖美国全部50个州及加拿大10个省份。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
UHAL vs VMC — 直观对比
营收规模更大
VMC
是对方的1.4倍
$1.4B
营收增速更快
VMC
高出1.2%
1.9%
净利率更高
VMC
高出10.6%
2.6%
自由现金流更多
VMC
多$805.8M
$-447.6M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.9B |
| 净利润 | $37.0M | $252.0M |
| 毛利率 | 96.4% | 25.5% |
| 营业利润率 | 2.4% | 19.8% |
| 净利率 | 2.6% | 13.2% |
| 营收同比 | 1.9% | 3.2% |
| 净利润同比 | -45.0% | -14.2% |
| 每股收益（稀释后） | — | $1.90 |
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UHALVMC
| Q4 25 | $1.4B | $1.9B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $232.1M | $2.1B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $1.5B |
净利润UHALVMC
| Q4 25 | $37.0M | $252.0M | ||
| Q3 25 | $105.5M | $374.9M | ||
| Q2 25 | $142.3M | $320.9M | ||
| Q1 25 | — | $128.9M | ||
| Q4 24 | — | $293.6M | ||
| Q3 24 | — | $207.6M | ||
| Q2 24 | — | $308.0M | ||
| Q1 24 | — | $102.7M |
毛利率UHALVMC
| Q4 25 | 96.4% | 25.5% | ||
| Q3 25 | 96.1% | 30.4% | ||
| Q2 25 | 68.9% | 29.7% | ||
| Q1 25 | — | 22.3% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 28.2% | ||
| Q2 24 | — | 29.4% | ||
| Q1 24 | — | 19.7% |
营业利润率UHALVMC
| Q4 25 | 2.4% | 19.8% | ||
| Q3 25 | 12.7% | 23.7% | ||
| Q2 25 | — | 22.4% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 11.2% |
净利率UHALVMC
| Q4 25 | 2.6% | 13.2% | ||
| Q3 25 | 6.1% | 16.4% | ||
| Q2 25 | 61.3% | 15.3% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 15.3% | ||
| Q1 24 | — | 6.6% |
每股收益（稀释后）UHALVMC
| Q4 25 | — | $1.90 | ||
| Q3 25 | — | $2.82 | ||
| Q2 25 | — | $2.42 | ||
| Q1 25 | — | $0.97 | ||
| Q4 24 | — | $2.21 | ||
| Q3 24 | — | $1.56 | ||
| Q2 24 | — | $2.31 | ||
| Q1 24 | — | $0.77 |
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 | $1.0B | $183.3M |
| 总债务越低越好 | $8.1B | $4.4B |
| 股东权益账面价值 | $7.7B | $8.5B |
| 总资产 | $21.6B | $16.7B |
| 负债/权益比越低杠杆越低 | 1.04× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资UHALVMC
| Q4 25 | $1.0B | $183.3M | ||
| Q3 25 | $1.1B | $191.3M | ||
| Q2 25 | $877.2M | $347.4M | ||
| Q1 25 | — | $181.3M | ||
| Q4 24 | — | $559.7M | ||
| Q3 24 | — | $433.2M | ||
| Q2 24 | — | $111.0M | ||
| Q1 24 | — | $292.4M |
总债务UHALVMC
| Q4 25 | $8.1B | $4.4B | ||
| Q3 25 | $7.7B | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.3B |
股东权益UHALVMC
| Q4 25 | $7.7B | $8.5B | ||
| Q3 25 | $7.8B | $8.7B | ||
| Q2 25 | $7.7B | $8.4B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | — | $7.9B | ||
| Q2 24 | — | $7.7B | ||
| Q1 24 | — | $7.5B |
总资产UHALVMC
| Q4 25 | $21.6B | $16.7B | ||
| Q3 25 | $21.4B | $17.0B | ||
| Q2 25 | $20.8B | $17.0B | ||
| Q1 25 | — | $16.7B | ||
| Q4 24 | — | $17.1B | ||
| Q3 24 | — | $14.4B | ||
| Q2 24 | — | $14.2B | ||
| Q1 24 | — | $13.9B |
负债/权益比UHALVMC
| Q4 25 | 1.04× | 0.51× | ||
| Q3 25 | 1.00× | 0.50× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.44× |
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 | $240.6M | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $-447.6M | $358.2M |
| 自由现金流率自由现金流/营收 | -31.6% | 18.7% |
| 资本支出强度资本支出/营收 | 48.6% | 9.7% |
| 现金转化率经营现金流/净利润 | 6.51× | 2.15× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流UHALVMC
| Q4 25 | $240.6M | $543.0M | ||
| Q3 25 | $551.6M | $676.8M | ||
| Q2 25 | $598.4M | $341.7M | ||
| Q1 25 | — | $251.5M | ||
| Q4 24 | — | $440.1M | ||
| Q3 24 | — | $595.0M | ||
| Q2 24 | — | $201.1M | ||
| Q1 24 | — | $173.4M |
自由现金流UHALVMC
| Q4 25 | $-447.6M | $358.2M | ||
| Q3 25 | $-446.3M | $454.8M | ||
| Q2 25 | $-318.2M | $238.8M | ||
| Q1 25 | — | $83.5M | ||
| Q4 24 | — | $277.6M | ||
| Q3 24 | — | $498.2M | ||
| Q2 24 | — | $9.7M | ||
| Q1 24 | — | $20.6M |
自由现金流率UHALVMC
| Q4 25 | -31.6% | 18.7% | ||
| Q3 25 | -25.9% | 19.8% | ||
| Q2 25 | -137.1% | 11.4% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | — | 24.9% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 1.3% |
资本支出强度UHALVMC
| Q4 25 | 48.6% | 9.7% | ||
| Q3 25 | 58.0% | 9.7% | ||
| Q2 25 | 395.0% | 4.9% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 9.5% | ||
| Q1 24 | — | 9.9% |
现金转化率UHALVMC
| Q4 25 | 6.51× | 2.15× | ||
| Q3 25 | 5.23× | 1.81× | ||
| Q2 25 | 4.20× | 1.06× | ||
| Q1 25 | — | 1.95× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 1.69× |
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
UHAL
| Long Term Contract With Customer | $1.2B | 82% |
| CA | $74.0M | 5% |
| Life Insurance | $56.2M | 4% |
| Accident And Health Insurance Segment | $49.8M | 4% |
| Investments Segment | $47.3M | 3% |
| Property And Casualty Insurance | $42.5M | 3% |
| Mercury | $1.6M | 0% |
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
