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COMMERCIAL METALS Co（CMC）とNorfolk Southern（NSC）の財務データ比較。上の社名をクリックして会社を切り替えられます
Norfolk Southernの直近四半期売上が大きい（$3.0B vs $2.1B、COMMERCIAL METALS Coの約1.4倍）。Norfolk Southernの純利益率が高く（21.7% vs 8.4%、差は13.3%）。COMMERCIAL METALS Coの前年同期比売上増加率が高い（11.0% vs -1.7%）。Norfolk Southernの直近四半期フリーキャッシュフローが多い（$334.0M vs $78.8M）。過去8四半期でCOMMERCIAL METALS Coの売上複合成長率が高い（7.1% vs -0.5%）
コマーシャル・メタルズ社（CMC）は米国テキサス州アービングに本社を置き、鉄筋や関連建築資材を製造している。ニューコア社と並び、米国の建物・橋梁・道路などのインフラ向けコンクリート補強鋼材の主要2大サプライヤーの1社で、地盤システムメーカーのTensarを傘下に保有する。
ノーフォーク・サザン鉄道は米国東部で事業を展開する一等貨物鉄道会社で、本社はアトランタに所在する。1982年にノーフォーク・アンド・ウェスタン鉄道とサザン鉄道の合併で設立され、米国東部22州とコロンビア特別区で計約3万1250キロの路線を運営し、カナダ太平洋カンザスシティ鉄道のオルバニー・モントリオール間路線の使用権も保有している。
CMC vs NSC — 直接比較
損益計算書 — Q1 FY2026 vs Q4 FY2025
| 指標 | | |
|---|---|---|
| 売上 | $2.1B | $3.0B |
| 純利益 | $177.3M | $644.0M |
| 粗利率 | 19.2% | — |
| 営業利益率 | 8.6% | 31.5% |
| 純利益率 | 8.4% | 21.7% |
| 売上前年比 | 11.0% | -1.7% |
| 純利益前年比 | 200.9% | -12.1% |
| EPS（希薄化後） | $1.58 | $2.87 |
緑 = その指標でリード。会計年度がずれている場合は期間が異なる場合あり
8四半期 売上・利益トレンド
並べて比較する四半期履歴。決算期がずれていても暦四半期で整列
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $2.1B | $3.1B | ||
| Q2 25 | $2.0B | $3.1B | ||
| Q1 25 | $1.8B | $3.0B | ||
| Q4 24 | $1.9B | $3.0B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $2.1B | $3.0B | ||
| Q1 24 | $1.8B | $3.0B |
| Q4 25 | $177.3M | $644.0M | ||
| Q3 25 | $151.8M | $711.0M | ||
| Q2 25 | $83.1M | $768.0M | ||
| Q1 25 | $25.5M | $750.0M | ||
| Q4 24 | $-175.7M | $733.0M | ||
| Q3 24 | $103.9M | $1.1B | ||
| Q2 24 | $119.4M | $737.0M | ||
| Q1 24 | $85.8M | $53.0M |
| Q4 25 | 19.2% | — | ||
| Q3 25 | 18.6% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 12.5% | — | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | 16.4% | — | ||
| Q1 24 | 16.0% | — |
| Q4 25 | 8.6% | 31.5% | ||
| Q3 25 | 9.1% | 35.4% | ||
| Q2 25 | 5.4% | 37.8% | ||
| Q1 25 | 2.1% | 38.3% | ||
| Q4 24 | -12.1% | 37.4% | ||
| Q3 24 | 6.7% | 52.3% | ||
| Q2 24 | 7.7% | 37.2% | ||
| Q1 24 | 6.3% | 7.1% |
| Q4 25 | 8.4% | 21.7% | ||
| Q3 25 | 7.2% | 22.9% | ||
| Q2 25 | 4.1% | 24.7% | ||
| Q1 25 | 1.5% | 25.1% | ||
| Q4 24 | -9.2% | 24.2% | ||
| Q3 24 | 5.2% | 36.0% | ||
| Q2 24 | 5.7% | 24.2% | ||
| Q1 24 | 4.6% | 1.8% |
| Q4 25 | $1.58 | $2.87 | ||
| Q3 25 | $1.33 | $3.16 | ||
| Q2 25 | $0.73 | $3.41 | ||
| Q1 25 | $0.22 | $3.31 | ||
| Q4 24 | $-1.54 | $3.24 | ||
| Q3 24 | $0.90 | $4.85 | ||
| Q2 24 | $1.02 | $3.25 | ||
| Q1 24 | $0.73 | $0.23 |
貸借対照表と財務力
直近四半期の流動性・レバレッジ・純資産のスナップショット
| 指標 | | |
|---|---|---|
| 現金・短期投資手元流動性 | $1.0B | $1.5B |
| 総負債低いほど良い | $3.3B | $16.5B |
| 株主資本純資産 | $4.3B | $15.5B |
| 総資産 | $9.2B | $45.2B |
| 負債/資本比率低いほどレバレッジが低い | 0.77× | 1.06× |
8四半期トレンド — 暦四半期で整列
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $893.0M | $1.3B | ||
| Q1 25 | $758.4M | $1.0B | ||
| Q4 24 | $856.1M | $1.6B | ||
| Q3 24 | $857.9M | $975.0M | ||
| Q2 24 | $698.3M | $659.0M | ||
| Q1 24 | $638.3M | $652.0M |
| Q4 25 | $3.3B | $16.5B | ||
| Q3 25 | $1.3B | $16.5B | ||
| Q2 25 | $1.3B | $16.5B | ||
| Q1 25 | $1.2B | $16.7B | ||
| Q4 24 | $1.1B | $16.7B | ||
| Q3 24 | $1.2B | $16.6B | ||
| Q2 24 | $1.1B | $16.9B | ||
| Q1 24 | $1.1B | $17.2B |
| Q4 25 | $4.3B | $15.5B | ||
| Q3 25 | $4.2B | $15.1B | ||
| Q2 25 | $4.1B | $14.8B | ||
| Q1 25 | $4.0B | $14.5B | ||
| Q4 24 | $4.0B | $14.3B | ||
| Q3 24 | $4.3B | $13.8B | ||
| Q2 24 | $4.3B | $13.0B | ||
| Q1 24 | $4.2B | $12.5B |
| Q4 25 | $9.2B | $45.2B | ||
| Q3 25 | $7.2B | $44.6B | ||
| Q2 25 | $7.0B | $44.2B | ||
| Q1 25 | $6.7B | $43.8B | ||
| Q4 24 | $6.8B | $43.7B | ||
| Q3 24 | $6.8B | $43.3B | ||
| Q2 24 | $6.7B | $42.6B | ||
| Q1 24 | $6.7B | $42.1B |
| Q4 25 | 0.77× | 1.06× | ||
| Q3 25 | 0.31× | 1.09× | ||
| Q2 25 | 0.32× | 1.11× | ||
| Q1 25 | 0.29× | 1.15× | ||
| Q4 24 | 0.29× | 1.16× | ||
| Q3 24 | 0.27× | 1.21× | ||
| Q2 24 | 0.27× | 1.30× | ||
| Q1 24 | 0.27× | 1.37× |
キャッシュフローと資本効率
再投資後に実際に生み出すキャッシュ。純利益より操作が難しい
| 指標 | | |
|---|---|---|
| 営業キャッシュフロー直近四半期 | $204.2M | $1.1B |
| フリーキャッシュフロー営業CF - 設備投資 | $78.8M | $334.0M |
| FCFマージンFCF / 売上 | 3.7% | 11.2% |
| 設備投資強度設備投資 / 売上 | 5.9% | 24.5% |
| キャッシュ転換率営業CF / 純利益 | 1.15× | 1.65× |
| 直近12ヶ月FCF直近4四半期 | $296.2M | $2.2B |
8四半期トレンド — 暦四半期で整列
| Q4 25 | $204.2M | $1.1B | ||
| Q3 25 | $315.2M | $1.3B | ||
| Q2 25 | $154.4M | $1.1B | ||
| Q1 25 | $32.4M | $950.0M | ||
| Q4 24 | $213.0M | $951.0M | ||
| Q3 24 | $351.8M | $1.2B | ||
| Q2 24 | $197.9M | $1.0B | ||
| Q1 24 | $89.0M | $839.0M |
| Q4 25 | $78.8M | $334.0M | ||
| Q3 25 | $206.3M | $720.0M | ||
| Q2 25 | $65.0M | $602.0M | ||
| Q1 25 | $-53.8M | $501.0M | ||
| Q4 24 | $94.8M | $276.0M | ||
| Q3 24 | $270.3M | $645.0M | ||
| Q2 24 | $115.8M | $468.0M | ||
| Q1 24 | $-4.8M | $282.0M |
| Q4 25 | 3.7% | 11.2% | ||
| Q3 25 | 9.8% | 23.2% | ||
| Q2 25 | 3.2% | 19.4% | ||
| Q1 25 | -3.1% | 16.7% | ||
| Q4 24 | 5.0% | 9.1% | ||
| Q3 24 | 13.5% | 21.1% | ||
| Q2 24 | 5.6% | 15.4% | ||
| Q1 24 | -0.3% | 9.4% |
| Q4 25 | 5.9% | 24.5% | ||
| Q3 25 | 5.2% | 17.8% | ||
| Q2 25 | 4.4% | 15.3% | ||
| Q1 25 | 4.9% | 15.0% | ||
| Q4 24 | 6.2% | 22.3% | ||
| Q3 24 | 4.1% | 19.0% | ||
| Q2 24 | 3.9% | 18.7% | ||
| Q1 24 | 5.1% | 18.5% |
| Q4 25 | 1.15× | 1.65× | ||
| Q3 25 | 2.08× | 1.79× | ||
| Q2 25 | 1.86× | 1.40× | ||
| Q1 25 | 1.27× | 1.27× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | 3.39× | 1.12× | ||
| Q2 24 | 1.66× | 1.41× | ||
| Q1 24 | 1.04× | 15.83× |
財務フロー比較
売上 → 粗利 → 営業利益 → 純利益のサンキー図
セグメント別売上内訳
CMC
| Steel Products | $670.8M | 32% |
| Downstream Products | $505.3M | 24% |
| Construction Solutions Group | $314.4M | 15% |
| Europe Steel Group | $200.0M | 9% |
| Precast Products | $141.6M | 7% |
| Construction Products | $78.4M | 4% |
| Foley Products Company LLC | $75.1M | 4% |
| Concrete Pipe And Precast LLC | $69.4M | 3% |
| Ground Stabilization Products | $49.9M | 2% |
NSC
| Railway Operating Revenues Market Group Merchandise | $1.9B | 63% |
| Metals And Construction | $404.0M | 14% |
| Railway Operating Revenues Market Group Coal | $347.0M | 12% |
| Automotive | $293.0M | 10% |
