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艾奕康（ACM）与COMMERCIAL METALS Co（CMC）财务数据对比。点击上方公司名可切换其他公司
艾奕康的季度营收约是COMMERCIAL METALS Co的1.8倍（$3.8B vs $2.1B），COMMERCIAL METALS Co净利率更高（8.4% vs 1.9%，领先6.4%），COMMERCIAL METALS Co同比增速更快（11.0% vs 1.6%），COMMERCIAL METALS Co自由现金流更多（$78.8M vs $41.9M），过去两年COMMERCIAL METALS Co的营收复合增速更高（7.1% vs -1.4%）
AECOM是一家总部位于美国得克萨斯州达拉斯的跨国基础设施咨询企业，业务覆盖全球多地区，为交通、建筑、水务、能源等多个领域的工程项目提供专业规划、设计、项目管理等一体化咨询解决方案，在全球基建咨询行业拥有领先的市场地位。
商业金属公司（CMC）总部位于美国得克萨斯州欧文市，主营钢筋及相关建筑材料，与纽柯公司同为美国房屋、桥梁、道路等基础设施领域混凝土加固用钢材的两大核心供应商，旗下还拥有地基系统生产商Tensar，产品可用于道路、公共基建及工业设施建设。
ACM vs CMC — 直观对比
营收规模更大
ACM
是对方的1.8倍
$2.1B
营收增速更快
CMC
高出9.5%
1.6%
净利率更高
CMC
高出6.4%
1.9%
自由现金流更多
CMC
多$36.8M
$41.9M
两年增速更快
CMC
近两年复合增速
-1.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.1B |
| 净利润 | $74.5M | $177.3M |
| 毛利率 | 7.3% | 19.2% |
| 营业利润率 | 5.8% | 8.6% |
| 净利率 | 1.9% | 8.4% |
| 营收同比 | 1.6% | 11.0% |
| 净利润同比 | -48.0% | 200.9% |
| 每股收益（稀释后） | $0.56 | $1.58 |
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ACMCMC
| Q1 26 | $3.8B | — | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $4.2B | $2.1B | ||
| Q2 25 | $4.2B | $2.0B | ||
| Q1 25 | $3.8B | $1.8B | ||
| Q4 24 | $4.0B | $1.9B | ||
| Q3 24 | $4.1B | $2.0B | ||
| Q2 24 | $4.2B | $2.1B |
净利润ACMCMC
| Q1 26 | $74.5M | — | ||
| Q4 25 | — | $177.3M | ||
| Q3 25 | $120.4M | $151.8M | ||
| Q2 25 | $131.0M | $83.1M | ||
| Q1 25 | $143.4M | $25.5M | ||
| Q4 24 | $167.0M | $-175.7M | ||
| Q3 24 | $172.5M | $103.9M | ||
| Q2 24 | $134.3M | $119.4M |
毛利率ACMCMC
| Q1 26 | 7.3% | — | ||
| Q4 25 | — | 19.2% | ||
| Q3 25 | 7.9% | 18.6% | ||
| Q2 25 | 7.8% | 14.8% | ||
| Q1 25 | 7.7% | 12.5% | ||
| Q4 24 | 6.7% | 16.1% | ||
| Q3 24 | 7.2% | 16.2% | ||
| Q2 24 | 6.9% | 16.4% |
营业利润率ACMCMC
| Q1 26 | 5.8% | — | ||
| Q4 25 | — | 8.6% | ||
| Q3 25 | 5.7% | 9.1% | ||
| Q2 25 | 7.0% | 5.4% | ||
| Q1 25 | 6.8% | 2.1% | ||
| Q4 24 | 5.9% | -12.1% | ||
| Q3 24 | 5.8% | 6.7% | ||
| Q2 24 | 5.5% | 7.7% |
净利率ACMCMC
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 8.4% | ||
| Q3 25 | 2.9% | 7.2% | ||
| Q2 25 | 3.1% | 4.1% | ||
| Q1 25 | 3.8% | 1.5% | ||
| Q4 24 | 4.2% | -9.2% | ||
| Q3 24 | 4.2% | 5.2% | ||
| Q2 24 | 3.2% | 5.7% |
每股收益（稀释后）ACMCMC
| Q1 26 | $0.56 | — | ||
| Q4 25 | — | $1.58 | ||
| Q3 25 | $0.90 | $1.33 | ||
| Q2 25 | $0.98 | $0.73 | ||
| Q1 25 | $1.08 | $0.22 | ||
| Q4 24 | $1.25 | $-1.54 | ||
| Q3 24 | $1.27 | $0.90 | ||
| Q2 24 | $0.98 | $1.02 |
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 | $1.2B | $1.0B |
| 总债务越低越好 | $2.6B | $3.3B |
| 股东权益账面价值 | $2.2B | $4.3B |
| 总资产 | $11.9B | $9.2B |
| 负债/权益比越低杠杆越低 | 1.18× | 0.77× |
8季度趋势，按日历期对齐
现金及短期投资ACMCMC
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | $1.6B | $1.0B | ||
| Q2 25 | $1.8B | $893.0M | ||
| Q1 25 | $1.6B | $758.4M | ||
| Q4 24 | $1.6B | $856.1M | ||
| Q3 24 | $1.6B | $857.9M | ||
| Q2 24 | $1.6B | $698.3M |
总债务ACMCMC
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | $2.6B | $1.3B | ||
| Q2 25 | $2.5B | $1.3B | ||
| Q1 25 | $2.5B | $1.2B | ||
| Q4 24 | $2.5B | $1.1B | ||
| Q3 24 | $2.5B | $1.2B | ||
| Q2 24 | $2.5B | $1.1B |
股东权益ACMCMC
| Q1 26 | $2.2B | — | ||
| Q4 25 | — | $4.3B | ||
| Q3 25 | $2.5B | $4.2B | ||
| Q2 25 | $2.5B | $4.1B | ||
| Q1 25 | $2.3B | $4.0B | ||
| Q4 24 | $2.2B | $4.0B | ||
| Q3 24 | $2.2B | $4.3B | ||
| Q2 24 | $2.3B | $4.3B |
总资产ACMCMC
| Q1 26 | $11.9B | — | ||
| Q4 25 | — | $9.2B | ||
| Q3 25 | $12.2B | $7.2B | ||
| Q2 25 | $12.3B | $7.0B | ||
| Q1 25 | $11.8B | $6.7B | ||
| Q4 24 | $11.8B | $6.8B | ||
| Q3 24 | $12.1B | $6.8B | ||
| Q2 24 | $12.0B | $6.7B |
负债/权益比ACMCMC
| Q1 26 | 1.18× | — | ||
| Q4 25 | — | 0.77× | ||
| Q3 25 | 1.06× | 0.31× | ||
| Q2 25 | 0.99× | 0.32× | ||
| Q1 25 | 1.07× | 0.29× | ||
| Q4 24 | 1.11× | 0.29× | ||
| Q3 24 | 1.12× | 0.27× | ||
| Q2 24 | 1.07× | 0.27× |
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 | $70.2M | $204.2M |
| 自由现金流经营现金流 - 资本支出 | $41.9M | $78.8M |
| 自由现金流率自由现金流/营收 | 1.1% | 3.7% |
| 资本支出强度资本支出/营收 | 0.7% | 5.9% |
| 现金转化率经营现金流/净利润 | 0.94× | 1.15× |
| 过去12个月自由现金流最近4个季度 | $616.0M | $296.2M |
8季度趋势，按日历期对齐
经营现金流ACMCMC
| Q1 26 | $70.2M | — | ||
| Q4 25 | — | $204.2M | ||
| Q3 25 | $196.1M | $315.2M | ||
| Q2 25 | $283.7M | $154.4M | ||
| Q1 25 | $190.7M | $32.4M | ||
| Q4 24 | $151.1M | $213.0M | ||
| Q3 24 | $298.8M | $351.8M | ||
| Q2 24 | $291.3M | $197.9M |
自由现金流ACMCMC
| Q1 26 | $41.9M | — | ||
| Q4 25 | — | $78.8M | ||
| Q3 25 | $134.1M | $206.3M | ||
| Q2 25 | $261.7M | $65.0M | ||
| Q1 25 | $178.3M | $-53.8M | ||
| Q4 24 | $110.9M | $94.8M | ||
| Q3 24 | $274.5M | $270.3M | ||
| Q2 24 | $272.8M | $115.8M |
自由现金流率ACMCMC
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | 3.7% | ||
| Q3 25 | 3.2% | 9.8% | ||
| Q2 25 | 6.3% | 3.2% | ||
| Q1 25 | 4.7% | -3.1% | ||
| Q4 24 | 2.8% | 5.0% | ||
| Q3 24 | 6.7% | 13.5% | ||
| Q2 24 | 6.6% | 5.6% |
资本支出强度ACMCMC
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 5.9% | ||
| Q3 25 | 1.5% | 5.2% | ||
| Q2 25 | 0.5% | 4.4% | ||
| Q1 25 | 0.3% | 4.9% | ||
| Q4 24 | 1.0% | 6.2% | ||
| Q3 24 | 0.6% | 4.1% | ||
| Q2 24 | 0.4% | 3.9% |
现金转化率ACMCMC
| Q1 26 | 0.94× | — | ||
| Q4 25 | — | 1.15× | ||
| Q3 25 | 1.63× | 2.08× | ||
| Q2 25 | 2.17× | 1.86× | ||
| Q1 25 | 1.33× | 1.27× | ||
| Q4 24 | 0.90× | — | ||
| Q3 24 | 1.73× | 3.39× | ||
| Q2 24 | 2.17× | 1.66× |
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
ACM
暂无分部数据
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% |
