vs
Vulcan Materials Company（VMC）与施乐（XRX）财务数据对比。点击上方公司名可切换其他公司
施乐的季度营收约是Vulcan Materials Company的1.1倍（$2.0B vs $1.9B），施乐同比增速更快（25.7% vs 3.2%），Vulcan Materials Company自由现金流更多（$358.2M vs $192.0M），过去两年施乐的营收复合增速更高（16.2% 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。
施乐控股是源自美国的知名办公设备服务商，面向全球超160个国家提供打印机与数码文档相关产品及服务。1959年推出Xerox 914后，施乐成为静电复印市场的开创者，品牌名“xerox”甚至在英语中成为复印的代名词，公司总部现位于美国康涅狄格州诺沃克。
VMC vs XRX — 直观对比
营收规模更大
XRX
是对方的1.1倍
$1.9B
营收增速更快
XRX
高出22.6%
3.2%
自由现金流更多
VMC
多$166.2M
$192.0M
两年增速更快
XRX
近两年复合增速
11.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.0B |
| 净利润 | $252.0M | — |
| 毛利率 | 25.5% | — |
| 营业利润率 | 19.8% | — |
| 净利率 | 13.2% | — |
| 营收同比 | 3.2% | 25.7% |
| 净利润同比 | -14.2% | — |
| 每股收益（稀释后） | $1.90 | $-0.62 |
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VMCXRX
| Q4 25 | $1.9B | $2.0B | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $2.0B | $1.6B | ||
| Q1 24 | $1.5B | $1.5B |
净利润VMCXRX
| Q4 25 | $252.0M | — | ||
| Q3 25 | $374.9M | $-760.0M | ||
| Q2 25 | $320.9M | $-106.0M | ||
| Q1 25 | $128.9M | $-90.0M | ||
| Q4 24 | $293.6M | — | ||
| Q3 24 | $207.6M | $-1.2B | ||
| Q2 24 | $308.0M | $18.0M | ||
| Q1 24 | $102.7M | $-113.0M |
毛利率VMCXRX
| Q4 25 | 25.5% | — | ||
| Q3 25 | 30.4% | — | ||
| Q2 25 | 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VMCXRX
| Q4 25 | 19.8% | — | ||
| Q3 25 | 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VMCXRX
| Q4 25 | 13.2% | — | ||
| Q3 25 | 16.4% | -38.8% | ||
| Q2 25 | 15.3% | -6.7% | ||
| Q1 25 | 7.9% | -6.2% | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | 10.4% | -78.9% | ||
| Q2 24 | 15.3% | 1.1% | ||
| Q1 24 | 6.6% | -7.5% |
每股收益（稀释后）VMCXRX
| Q4 25 | $1.90 | $-0.62 | ||
| Q3 25 | $2.82 | $-6.01 | ||
| Q2 25 | $2.42 | $-0.87 | ||
| Q1 25 | $0.97 | $-0.75 | ||
| Q4 24 | $2.21 | $-0.21 | ||
| Q3 24 | $1.56 | $-9.71 | ||
| Q2 24 | $2.31 | $0.11 | ||
| Q1 24 | $0.77 | $-0.94 |
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 | $512.0M |
| 总债务越低越好 | $4.4B | $4.0B |
| 股东权益账面价值 | $8.5B | $444.0M |
| 总资产 | $16.7B | $9.8B |
| 负债/权益比越低杠杆越低 | 0.51× | 9.05× |
8季度趋势，按日历期对齐
现金及短期投资VMCXRX
| Q4 25 | $183.3M | $512.0M | ||
| Q3 25 | $191.3M | $479.0M | ||
| Q2 25 | $347.4M | $449.0M | ||
| Q1 25 | $181.3M | $336.0M | ||
| Q4 24 | $559.7M | $576.0M | ||
| Q3 24 | $433.2M | $521.0M | ||
| Q2 24 | $111.0M | $485.0M | ||
| Q1 24 | $292.4M | $685.0M |
总债务VMCXRX
| Q4 25 | $4.4B | $4.0B | ||
| Q3 25 | $4.4B | $4.1B | ||
| Q2 25 | $4.4B | $3.5B | ||
| Q1 25 | $4.9B | $2.7B | ||
| Q4 24 | $5.3B | $2.8B | ||
| Q3 24 | $3.3B | $2.8B | ||
| Q2 24 | $3.3B | $3.2B | ||
| Q1 24 | $3.3B | $3.2B |
股东权益VMCXRX
| Q4 25 | $8.5B | $444.0M | ||
| Q3 25 | $8.7B | $365.0M | ||
| Q2 25 | $8.4B | $1.1B | ||
| Q1 25 | $8.1B | $1.1B | ||
| Q4 24 | $8.1B | $1.1B | ||
| Q3 24 | $7.9B | $1.3B | ||
| Q2 24 | $7.7B | $2.4B | ||
| Q1 24 | $7.5B | $2.4B |
总资产VMCXRX
| Q4 25 | $16.7B | $9.8B | ||
| Q3 25 | $17.0B | $10.1B | ||
| Q2 25 | $17.0B | $8.9B | ||
| Q1 25 | $16.7B | $8.2B | ||
| Q4 24 | $17.1B | $8.4B | ||
| Q3 24 | $14.4B | $8.3B | ||
| Q2 24 | $14.2B | $9.5B | ||
| Q1 24 | $13.9B | $9.9B |
负债/权益比VMCXRX
| Q4 25 | 0.51× | 9.05× | ||
| Q3 25 | 0.50× | 11.10× | ||
| Q2 25 | 0.52× | 3.11× | ||
| Q1 25 | 0.60× | 2.56× | ||
| Q4 24 | 0.65× | 2.62× | ||
| Q3 24 | 0.42× | 2.11× | ||
| Q2 24 | 0.43× | 1.34× | ||
| Q1 24 | 0.44× | 1.35× |
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 | $208.0M |
| 自由现金流经营现金流 - 资本支出 | $358.2M | $192.0M |
| 自由现金流率自由现金流/营收 | 18.7% | 9.5% |
| 资本支出强度资本支出/营收 | 9.7% | 0.8% |
| 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 | $187.0M |
8季度趋势，按日历期对齐
经营现金流VMCXRX
| Q4 25 | $543.0M | $208.0M | ||
| Q3 25 | $676.8M | $116.0M | ||
| Q2 25 | $341.7M | $-11.0M | ||
| Q1 25 | $251.5M | $-89.0M | ||
| Q4 24 | $440.1M | $351.0M | ||
| Q3 24 | $595.0M | $116.0M | ||
| Q2 24 | $201.1M | $123.0M | ||
| Q1 24 | $173.4M | $-79.0M |
自由现金流VMCXRX
| Q4 25 | $358.2M | $192.0M | ||
| Q3 25 | $454.8M | $104.0M | ||
| Q2 25 | $238.8M | $-15.0M | ||
| Q1 25 | $83.5M | $-94.0M | ||
| Q4 24 | $277.6M | $346.0M | ||
| Q3 24 | $498.2M | $108.0M | ||
| Q2 24 | $9.7M | $117.0M | ||
| Q1 24 | $20.6M | $-87.0M |
自由现金流率VMCXRX
| Q4 25 | 18.7% | 9.5% | ||
| Q3 25 | 19.8% | 5.3% | ||
| Q2 25 | 11.4% | -1.0% | ||
| Q1 25 | 5.1% | -6.5% | ||
| Q4 24 | 15.0% | 21.5% | ||
| Q3 24 | 24.9% | 7.1% | ||
| Q2 24 | 0.5% | 7.4% | ||
| Q1 24 | 1.3% | -5.8% |
资本支出强度VMCXRX
| Q4 25 | 9.7% | 0.8% | ||
| Q3 25 | 9.7% | 0.6% | ||
| Q2 25 | 4.9% | 0.3% | ||
| Q1 25 | 10.3% | 0.3% | ||
| Q4 24 | 8.8% | 0.3% | ||
| Q3 24 | 4.8% | 0.5% | ||
| Q2 24 | 9.5% | 0.4% | ||
| Q1 24 | 9.9% | 0.5% |
现金转化率VMCXRX
| Q4 25 | 2.15× | — | ||
| Q3 25 | 1.81× | — | ||
| Q2 25 | 1.06× | — | ||
| Q1 25 | 1.95× | — | ||
| Q4 24 | 1.50× | — | ||
| Q3 24 | 2.87× | — | ||
| Q2 24 | 0.65× | 6.83× | ||
| 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
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
XRX
| Other | $596.0M | 29% |
| Manufactured Product Other | $485.0M | 24% |
| Supplies Paper And Other Sales | $483.0M | 24% |
| IT Solutions Segment | $155.0M | 8% |
| CA | $128.0M | 6% |
| IT Products | $100.0M | 5% |
| Rental And Other | $52.0M | 3% |
| Financial Service | $29.0M | 1% |
