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Vulcan Materials Company（VMC）与WHITE MOUNTAINS INSURANCE GROUP LTD（WTM）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WHITE MOUNTAINS INSURANCE GROUP LTD的1.2倍（$1.9B vs $1.6B），WHITE MOUNTAINS INSURANCE GROUP LTD净利率更高（52.1% vs 13.2%，领先38.9%），WHITE MOUNTAINS INSURANCE GROUP LTD同比增速更快（348.0% vs 3.2%），过去两年WHITE MOUNTAINS INSURANCE GROUP LTD的营收复合增速更高（57.4% vs 11.2%）
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。
怀特山保险集团是一家多元化保险及相关金融服务控股企业，总部位于百慕大汉密尔顿，1999年10月25日从美国特拉华州迁册至当前注册地，大部分业务通过旗下保险子公司及其他关联机构开展，覆盖多个保险及金融服务细分赛道。
VMC vs WTM — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.6B |
| 净利润 | $252.0M | $835.8M |
| 毛利率 | 25.5% | 97.1% |
| 营业利润率 | 19.8% | 56.2% |
| 净利率 | 13.2% | 52.1% |
| 营收同比 | 3.2% | 348.0% |
| 净利润同比 | -14.2% | 741.0% |
| 每股收益（稀释后） | $1.90 | $325.02 |
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
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | $2.3B | $864.2M | ||
| Q2 25 | $2.1B | $689.2M | ||
| Q1 25 | $1.6B | $577.8M | ||
| Q4 24 | $1.9B | $358.0M | ||
| Q3 24 | $2.0B | $839.1M | ||
| Q2 24 | $2.0B | $395.4M | ||
| Q1 24 | $1.5B | $647.3M |
| Q4 25 | $252.0M | $835.8M | ||
| Q3 25 | $374.9M | $113.8M | ||
| Q2 25 | $320.9M | $122.9M | ||
| Q1 25 | $128.9M | $33.9M | ||
| Q4 24 | $293.6M | $-130.4M | ||
| Q3 24 | $207.6M | $179.0M | ||
| Q2 24 | $308.0M | $-54.6M | ||
| Q1 24 | $102.7M | $236.4M |
| Q4 25 | 25.5% | 97.1% | ||
| Q3 25 | 30.4% | 93.6% | ||
| Q2 25 | 29.7% | 93.8% | ||
| Q1 25 | 22.3% | 98.7% | ||
| Q4 24 | 29.0% | 97.9% | ||
| Q3 24 | 28.2% | 99.1% | ||
| Q2 24 | 29.4% | 98.2% | ||
| Q1 24 | 19.7% | 98.8% |
| Q4 25 | 19.8% | 56.2% | ||
| Q3 25 | 23.7% | 20.7% | ||
| Q2 25 | 22.4% | 25.6% | ||
| Q1 25 | 13.9% | 12.5% | ||
| Q4 24 | 21.6% | -33.7% | ||
| Q3 24 | 16.8% | 28.5% | ||
| Q2 24 | 22.5% | -8.8% | ||
| Q1 24 | 11.2% | 35.9% |
| Q4 25 | 13.2% | 52.1% | ||
| Q3 25 | 16.4% | 13.2% | ||
| Q2 25 | 15.3% | 17.8% | ||
| Q1 25 | 7.9% | 5.9% | ||
| Q4 24 | 15.8% | -36.4% | ||
| Q3 24 | 10.4% | 21.3% | ||
| Q2 24 | 15.3% | -13.8% | ||
| Q1 24 | 6.6% | 36.5% |
| Q4 25 | $1.90 | $325.02 | ||
| Q3 25 | $2.82 | $44.18 | ||
| Q2 25 | $2.42 | $47.75 | ||
| Q1 25 | $0.97 | $13.19 | ||
| Q4 24 | $2.21 | $-50.98 | ||
| Q3 24 | $1.56 | $69.68 | ||
| Q2 24 | $2.31 | $-21.24 | ||
| Q1 24 | $0.77 | $92.33 |
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 | — |
| 总债务越低越好 | $4.4B | $837.0M |
| 股东权益账面价值 | $8.5B | $5.4B |
| 总资产 | $16.7B | $12.3B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.15× |
8季度趋势，按日历期对齐
| Q4 25 | $183.3M | — | ||
| Q3 25 | $191.3M | — | ||
| Q2 25 | $347.4M | — | ||
| Q1 25 | $181.3M | — | ||
| Q4 24 | $559.7M | — | ||
| Q3 24 | $433.2M | — | ||
| Q2 24 | $111.0M | — | ||
| Q1 24 | $292.4M | — |
| Q4 25 | $4.4B | $837.0M | ||
| Q3 25 | $4.4B | $870.4M | ||
| Q2 25 | $4.4B | $694.6M | ||
| Q1 25 | $4.9B | $676.1M | ||
| Q4 24 | $5.3B | $562.5M | ||
| Q3 24 | $3.3B | $544.9M | ||
| Q2 24 | $3.3B | $530.2M | ||
| Q1 24 | $3.3B | $532.1M |
| Q4 25 | $8.5B | $5.4B | ||
| Q3 25 | $8.7B | $4.8B | ||
| Q2 25 | $8.4B | $4.6B | ||
| Q1 25 | $8.1B | $4.5B | ||
| Q4 24 | $8.1B | $4.5B | ||
| Q3 24 | $7.9B | $4.6B | ||
| Q2 24 | $7.7B | $4.4B | ||
| Q1 24 | $7.5B | $4.5B |
| Q4 25 | $16.7B | $12.3B | ||
| Q3 25 | $17.0B | $12.3B | ||
| Q2 25 | $17.0B | $11.8B | ||
| Q1 25 | $16.7B | $11.0B | ||
| Q4 24 | $17.1B | $9.9B | ||
| Q3 24 | $14.4B | $10.3B | ||
| Q2 24 | $14.2B | $10.2B | ||
| Q1 24 | $13.9B | $9.6B |
| Q4 25 | 0.51× | 0.15× | ||
| Q3 25 | 0.50× | 0.18× | ||
| Q2 25 | 0.52× | 0.15× | ||
| Q1 25 | 0.60× | 0.15× | ||
| Q4 24 | 0.65× | 0.13× | ||
| Q3 24 | 0.42× | 0.12× | ||
| Q2 24 | 0.43× | 0.12× | ||
| Q1 24 | 0.44× | 0.12× |
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 | $53.9M |
| 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× | 0.06× |
| 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
| Q4 25 | $543.0M | $53.9M | ||
| Q3 25 | $676.8M | $359.3M | ||
| Q2 25 | $341.7M | $177.5M | ||
| Q1 25 | $251.5M | $-40.2M | ||
| Q4 24 | $440.1M | $64.1M | ||
| Q3 24 | $595.0M | $269.4M | ||
| Q2 24 | $201.1M | $216.8M | ||
| Q1 24 | $173.4M | $36.5M |
| Q4 25 | $358.2M | — | ||
| Q3 25 | $454.8M | — | ||
| Q2 25 | $238.8M | — | ||
| Q1 25 | $83.5M | — | ||
| Q4 24 | $277.6M | — | ||
| Q3 24 | $498.2M | — | ||
| Q2 24 | $9.7M | — | ||
| Q1 24 | $20.6M | — |
| Q4 25 | 18.7% | — | ||
| Q3 25 | 19.8% | — | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 24.9% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 1.3% | — |
| Q4 25 | 9.7% | — | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 9.5% | — | ||
| Q1 24 | 9.9% | — |
| Q4 25 | 2.15× | 0.06× | ||
| Q3 25 | 1.81× | 3.16× | ||
| Q2 25 | 1.06× | 1.44× | ||
| Q1 25 | 1.95× | -1.19× | ||
| Q4 24 | 1.50× | — | ||
| Q3 24 | 2.87× | 1.51× | ||
| Q2 24 | 0.65× | — | ||
| Q1 24 | 1.69× | 0.15× |
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% |
WTM
暂无分部数据
