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Ameren（AEE）与Core & Main, Inc.（CNM）财务数据对比。点击上方公司名可切换其他公司
Core & Main, Inc.的季度营收约是Ameren的1.2倍（$2.1B vs $1.8B），Ameren净利率更高（14.2% vs 6.6%，领先7.6%），Core & Main, Inc.同比增速更快（0.0% vs -8.2%），Core & Main, Inc.自由现金流更多（$263.0M vs $-54.0M），过去两年Core & Main, Inc.的营收复合增速更高（19.7% vs -0.9%）
Ameren Corporation是美国公共事业控股企业，下设Ameren密苏里、伊利诺伊州配电、伊利诺伊州天然气、输电四大业务板块，主营受费率监管的发电、输电、配电业务，以及受监管的天然气输配业务，电力生产主要采用煤炭、核电等能源。
Core & Main, Inc.总部位于美国密苏里州圣路易斯，是美国专业的水务及相关防护产品分销商，主营供水、污水处理、雨水排放、消防防护类产品，客户覆盖市政部门、私营水务企业及专业承包商，在全美49个州设有370个分支机构，服务6万客户，在售产品达22.5万种。
AEE vs CNM — 直观对比
营收规模更大
CNM
是对方的1.2倍
$1.8B
营收增速更快
CNM
高出8.2%
-8.2%
净利率更高
AEE
高出7.6%
6.6%
自由现金流更多
CNM
多$317.0M
$-54.0M
两年增速更快
CNM
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.1B |
| 净利润 | $253.0M | $137.0M |
| 毛利率 | — | 27.2% |
| 营业利润率 | 20.2% | 10.7% |
| 净利率 | 14.2% | 6.6% |
| 营收同比 | -8.2% | 0.0% |
| 净利润同比 | 21.6% | 0.0% |
| 每股收益（稀释后） | $0.92 | $0.72 |
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AEECNM
| Q4 25 | $1.8B | $2.1B | ||
| Q3 25 | $2.7B | $2.1B | ||
| Q2 25 | $2.2B | $1.9B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $1.9B | $2.0B | ||
| Q3 24 | $2.2B | $2.0B | ||
| Q2 24 | $1.7B | $1.7B | ||
| Q1 24 | $1.8B | $1.4B |
净利润AEECNM
| Q4 25 | $253.0M | $137.0M | ||
| Q3 25 | $641.0M | $134.0M | ||
| Q2 25 | $277.0M | $100.0M | ||
| Q1 25 | $290.0M | $64.0M | ||
| Q4 24 | $208.0M | $133.0M | ||
| Q3 24 | $457.0M | $119.0M | ||
| Q2 24 | $260.0M | $95.0M | ||
| Q1 24 | $262.0M | $63.0M |
毛利率AEECNM
| Q4 25 | — | 27.2% | ||
| Q3 25 | — | 26.8% | ||
| Q2 25 | — | 26.7% | ||
| Q1 25 | — | 26.6% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 26.4% | ||
| Q2 24 | — | 26.9% | ||
| Q1 24 | — | 26.7% |
营业利润率AEECNM
| Q4 25 | 20.2% | 10.7% | ||
| Q3 25 | 30.6% | 10.2% | ||
| Q2 25 | 18.5% | 8.9% | ||
| Q1 25 | 20.5% | 7.3% | ||
| Q4 24 | 10.2% | 10.9% | ||
| Q3 24 | 27.0% | 10.4% | ||
| Q2 24 | 21.3% | 9.6% | ||
| Q1 24 | 20.4% | 8.1% |
净利率AEECNM
| Q4 25 | 14.2% | 6.6% | ||
| Q3 25 | 23.7% | 6.4% | ||
| Q2 25 | 12.5% | 5.2% | ||
| Q1 25 | 13.8% | 3.8% | ||
| Q4 24 | 10.7% | 6.5% | ||
| Q3 24 | 21.0% | 6.1% | ||
| Q2 24 | 15.4% | 5.5% | ||
| Q1 24 | 14.4% | 4.4% |
每股收益（稀释后）AEECNM
| Q4 25 | $0.92 | $0.72 | ||
| Q3 25 | $2.35 | $0.70 | ||
| Q2 25 | $1.01 | $0.52 | ||
| Q1 25 | $1.07 | $0.34 | ||
| Q4 24 | $0.77 | $0.69 | ||
| Q3 24 | $1.70 | $0.61 | ||
| Q2 24 | $0.97 | $0.49 | ||
| Q1 24 | $0.98 | $0.34 |
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 | $13.0M | $89.0M |
| 总债务越低越好 | $19.4B | — |
| 股东权益账面价值 | $13.4B | $2.0B |
| 总资产 | $48.5B | $6.3B |
| 负债/权益比越低杠杆越低 | 1.45× | — |
8季度趋势，按日历期对齐
现金及短期投资AEECNM
| Q4 25 | $13.0M | $89.0M | ||
| Q3 25 | $9.0M | $25.0M | ||
| Q2 25 | $11.0M | $8.0M | ||
| Q1 25 | $23.0M | $8.0M | ||
| Q4 24 | $7.0M | $10.0M | ||
| Q3 24 | $17.0M | $13.0M | ||
| Q2 24 | $19.0M | $30.0M | ||
| Q1 24 | $85.0M | $1.0M |
总债务AEECNM
| Q4 25 | $19.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AEECNM
| Q4 25 | $13.4B | $2.0B | ||
| Q3 25 | $12.8B | $1.9B | ||
| Q2 25 | $12.3B | $1.7B | ||
| Q1 25 | $12.2B | $1.7B | ||
| Q4 24 | $12.1B | $1.7B | ||
| Q3 24 | $11.8B | $1.6B | ||
| Q2 24 | $11.5B | $1.6B | ||
| Q1 24 | $11.4B | $1.5B |
总资产AEECNM
| Q4 25 | $48.5B | $6.3B | ||
| Q3 25 | $47.4B | $6.3B | ||
| Q2 25 | $46.6B | $6.3B | ||
| Q1 25 | $45.7B | $5.9B | ||
| Q4 24 | $44.6B | $6.2B | ||
| Q3 24 | $43.3B | $6.1B | ||
| Q2 24 | $42.3B | $6.0B | ||
| Q1 24 | $41.3B | $5.1B |
负债/权益比AEECNM
| Q4 25 | 1.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $956.0M | $271.0M |
| 自由现金流经营现金流 - 资本支出 | $-54.0M | $263.0M |
| 自由现金流率自由现金流/营收 | -3.0% | 12.8% |
| 资本支出强度资本支出/营收 | 56.7% | 0.4% |
| 现金转化率经营现金流/净利润 | 3.78× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $-775.0M | $575.0M |
8季度趋势，按日历期对齐
经营现金流AEECNM
| Q4 25 | $956.0M | $271.0M | ||
| Q3 25 | $1.1B | $34.0M | ||
| Q2 25 | $862.0M | $77.0M | ||
| Q1 25 | $431.0M | $235.0M | ||
| Q4 24 | $817.0M | $260.0M | ||
| Q3 24 | $897.0M | $48.0M | ||
| Q2 24 | $557.0M | $78.0M | ||
| Q1 24 | $492.0M | $294.0M |
自由现金流AEECNM
| Q4 25 | $-54.0M | $263.0M | ||
| Q3 25 | $116.0M | $24.0M | ||
| Q2 25 | $-204.0M | $64.0M | ||
| Q1 25 | $-633.0M | $224.0M | ||
| Q4 24 | $-473.0M | $252.0M | ||
| Q3 24 | $-240.0M | $39.0M | ||
| Q2 24 | $-445.0M | $71.0M | ||
| Q1 24 | $-398.0M | $289.0M |
自由现金流率AEECNM
| Q4 25 | -3.0% | 12.8% | ||
| Q3 25 | 4.3% | 1.1% | ||
| Q2 25 | -9.2% | 3.3% | ||
| Q1 25 | -30.2% | 13.2% | ||
| Q4 24 | -24.4% | 12.4% | ||
| Q3 24 | -11.0% | 2.0% | ||
| Q2 24 | -26.3% | 4.1% | ||
| Q1 24 | -21.9% | 20.1% |
资本支出强度AEECNM
| Q4 25 | 56.7% | 0.4% | ||
| Q3 25 | 36.6% | 0.5% | ||
| Q2 25 | 48.0% | 0.7% | ||
| Q1 25 | 50.7% | 0.6% | ||
| Q4 24 | 66.5% | 0.4% | ||
| Q3 24 | 52.3% | 0.5% | ||
| Q2 24 | 59.2% | 0.4% | ||
| Q1 24 | 49.0% | 0.3% |
现金转化率AEECNM
| Q4 25 | 3.78× | 1.98× | ||
| Q3 25 | 1.72× | 0.25× | ||
| Q2 25 | 3.11× | 0.77× | ||
| Q1 25 | 1.49× | 3.67× | ||
| Q4 24 | 3.93× | 1.95× | ||
| Q3 24 | 1.96× | 0.40× | ||
| Q2 24 | 2.14× | 0.82× | ||
| Q1 24 | 1.88× | 4.67× |
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
AEE
暂无分部数据
CNM
| Pipes Valves And Fitting Products | $1.4B | 67% |
| Storm Drainage Products | $333.0M | 16% |
| Meter Products | $195.0M | 9% |
| Fire Protection Products | $152.0M | 7% |
