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Vulcan Materials Company（VMC）与西部数据（WDC）财务数据对比。点击上方公司名可切换其他公司
西部数据的季度营收约是Vulcan Materials Company的1.6倍（$3.0B vs $1.9B），西部数据净利率更高（61.1% vs 13.2%，领先47.9%），西部数据同比增速更快（31.5% vs 3.2%），过去两年Vulcan Materials Company的营收复合增速更高（11.2% vs -6.6%）
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。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
VMC vs WDC — 直观对比
营收规模更大
WDC
是对方的1.6倍
$1.9B
营收增速更快
WDC
高出28.3%
3.2%
净利率更高
WDC
高出47.9%
13.2%
两年增速更快
VMC
近两年复合增速
-6.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.0B |
| 净利润 | $252.0M | $1.8B |
| 毛利率 | 25.5% | 45.7% |
| 营业利润率 | 19.8% | 30.1% |
| 净利率 | 13.2% | 61.1% |
| 营收同比 | 3.2% | 31.5% |
| 净利润同比 | -14.2% | 254.2% |
| 每股收益（稀释后） | $1.90 | $4.73 |
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VMCWDC
| Q1 26 | — | $3.0B | ||
| Q4 25 | $1.9B | $2.8B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.1B | $-1.2B | ||
| Q1 25 | $1.6B | $2.3B | ||
| Q4 24 | $1.9B | $4.3B | ||
| Q3 24 | $2.0B | $4.1B | ||
| Q2 24 | $2.0B | $3.8B |
净利润VMCWDC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $252.0M | $1.2B | ||
| Q3 25 | $374.9M | — | ||
| Q2 25 | $320.9M | $282.0M | ||
| Q1 25 | $128.9M | $520.0M | ||
| Q4 24 | $293.6M | $594.0M | ||
| Q3 24 | $207.6M | $493.0M | ||
| Q2 24 | $308.0M | $39.0M |
毛利率VMCWDC
| Q1 26 | — | 45.7% | ||
| Q4 25 | 25.5% | 43.5% | ||
| Q3 25 | 30.4% | — | ||
| Q2 25 | 29.7% | — | ||
| Q1 25 | 22.3% | 39.8% | ||
| Q4 24 | 29.0% | 35.4% | ||
| Q3 24 | 28.2% | 37.9% | ||
| Q2 24 | 29.4% | 35.9% |
营业利润率VMCWDC
| Q1 26 | — | 30.1% | ||
| Q4 25 | 19.8% | 28.1% | ||
| Q3 25 | 23.7% | — | ||
| Q2 25 | 22.4% | — | ||
| Q1 25 | 13.9% | 33.1% | ||
| Q4 24 | 21.6% | 19.9% | ||
| Q3 24 | 16.8% | 18.1% | ||
| Q2 24 | 22.5% | 5.7% |
净利率VMCWDC
| Q1 26 | — | 61.1% | ||
| Q4 25 | 13.2% | 41.9% | ||
| Q3 25 | 16.4% | — | ||
| Q2 25 | 15.3% | -24.4% | ||
| Q1 25 | 7.9% | 22.7% | ||
| Q4 24 | 15.8% | 13.9% | ||
| Q3 24 | 10.4% | 12.0% | ||
| Q2 24 | 15.3% | 1.0% |
每股收益（稀释后）VMCWDC
| Q1 26 | — | $4.73 | ||
| Q4 25 | $1.90 | $3.07 | ||
| Q3 25 | $2.82 | — | ||
| Q2 25 | $2.42 | $0.72 | ||
| Q1 25 | $0.97 | $1.42 | ||
| Q4 24 | $2.21 | $1.63 | ||
| Q3 24 | $1.56 | $1.35 | ||
| Q2 24 | $2.31 | $0.15 |
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 | $183.3M | $2.0B |
| 总债务越低越好 | $4.4B | $4.7B |
| 股东权益账面价值 | $8.5B | $7.1B |
| 总资产 | $16.7B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资VMCWDC
| Q1 26 | — | $2.0B | ||
| Q4 25 | $183.3M | $2.0B | ||
| Q3 25 | $191.3M | — | ||
| Q2 25 | $347.4M | $2.1B | ||
| Q1 25 | $181.3M | $3.5B | ||
| Q4 24 | $559.7M | $2.3B | ||
| Q3 24 | $433.2M | $1.7B | ||
| Q2 24 | $111.0M | $1.9B |
总债务VMCWDC
| Q1 26 | — | $4.7B | ||
| Q4 25 | $4.4B | $4.7B | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.4B | $4.7B | ||
| Q1 25 | $4.9B | $7.3B | ||
| Q4 24 | $5.3B | $7.4B | ||
| Q3 24 | $3.3B | $7.4B | ||
| Q2 24 | $3.3B | $7.4B |
股东权益VMCWDC
| Q1 26 | — | $7.1B | ||
| Q4 25 | $8.5B | $5.9B | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.4B | $5.3B | ||
| Q1 25 | $8.1B | $5.2B | ||
| Q4 24 | $8.1B | $12.1B | ||
| Q3 24 | $7.9B | $11.6B | ||
| Q2 24 | $7.7B | $10.8B |
总资产VMCWDC
| Q1 26 | — | $15.6B | ||
| Q4 25 | $16.7B | $14.4B | ||
| Q3 25 | $17.0B | — | ||
| Q2 25 | $17.0B | $14.0B | ||
| Q1 25 | $16.7B | $16.4B | ||
| Q4 24 | $17.1B | $25.5B | ||
| Q3 24 | $14.4B | $24.8B | ||
| Q2 24 | $14.2B | $24.2B |
负债/权益比VMCWDC
| Q1 26 | — | 0.65× | ||
| Q4 25 | 0.51× | 0.80× | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.52× | 0.89× | ||
| Q1 25 | 0.60× | 1.42× | ||
| Q4 24 | 0.65× | 0.61× | ||
| Q3 24 | 0.42× | 0.64× | ||
| Q2 24 | 0.43× | 0.69× |
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 | $543.0M | — |
| 自由现金流经营现金流 - 资本支出 | $358.2M | — |
| 自由现金流率自由现金流/营收 | 18.7% | — |
| 资本支出强度资本支出/营收 | 9.7% | — |
| 现金转化率经营现金流/净利润 | 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VMCWDC
| Q1 26 | — | — | ||
| Q4 25 | $543.0M | $672.0M | ||
| Q3 25 | $676.8M | — | ||
| Q2 25 | $341.7M | $746.0M | ||
| Q1 25 | $251.5M | $508.0M | ||
| Q4 24 | $440.1M | $403.0M | ||
| Q3 24 | $595.0M | $34.0M | ||
| Q2 24 | $201.1M | $366.0M |
自由现金流VMCWDC
| Q1 26 | — | — | ||
| Q4 25 | $358.2M | $599.0M | ||
| Q3 25 | $454.8M | — | ||
| Q2 25 | $238.8M | $675.0M | ||
| Q1 25 | $83.5M | $379.0M | ||
| Q4 24 | $277.6M | $287.0M | ||
| Q3 24 | $498.2M | $-62.0M | ||
| Q2 24 | $9.7M | $250.0M |
自由现金流率VMCWDC
| Q1 26 | — | — | ||
| Q4 25 | 18.7% | 21.3% | ||
| Q3 25 | 19.8% | — | ||
| Q2 25 | 11.4% | -58.5% | ||
| Q1 25 | 5.1% | 16.5% | ||
| Q4 24 | 15.0% | 6.7% | ||
| Q3 24 | 24.9% | -1.5% | ||
| Q2 24 | 0.5% | 6.6% |
资本支出强度VMCWDC
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | 2.6% | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 4.9% | -6.2% | ||
| Q1 25 | 10.3% | 5.6% | ||
| Q4 24 | 8.8% | 2.7% | ||
| Q3 24 | 4.8% | 2.3% | ||
| Q2 24 | 9.5% | 3.1% |
现金转化率VMCWDC
| Q1 26 | — | — | ||
| Q4 25 | 2.15× | 0.57× | ||
| Q3 25 | 1.81× | — | ||
| Q2 25 | 1.06× | 2.65× | ||
| Q1 25 | 1.95× | 0.98× | ||
| Q4 24 | 1.50× | 0.68× | ||
| Q3 24 | 2.87× | 0.07× | ||
| Q2 24 | 0.65× | 9.38× |
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
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
