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TopBuild Corp（BLD）与芝商所（CME）财务数据对比。点击上方公司名可切换其他公司
芝商所的季度营收约是TopBuild Corp的1.3倍（$1.9B vs $1.5B），TopBuild Corp净利率更高（7.0% vs 0.1%，领先7.0%），芝商所同比增速更快（14.5% vs 13.2%），过去两年芝商所的营收复合增速更高（10.8% vs 7.8%）
HashiCorp是总部位于美国加利福尼亚州旧金山的软件企业，2012年由米切尔·桥本与阿蒙·达德加创立，采用免费增值商业模式，为开发、运维及安全从业人员提供云基础设施配置、防护、运行与连接相关的工具及产品。
芝商所是总部位于美国伊利诺伊州芝加哥的金融服务企业，为全球规模最大的金融衍生品交易所运营商，旗下拥有芝加哥商品交易所、芝加哥期货交易所、纽约商业交易所、纽约商品交易所等交易平台，覆盖农产品、货币、能源等品类交易，同时持有标普道琼斯指数27%的股权。
BLD vs CME — 直观对比
营收规模更大
CME
是对方的1.3倍
$1.5B
营收增速更快
CME
高出1.3%
13.2%
净利率更高
BLD
高出7.0%
0.1%
两年增速更快
CME
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.9B |
| 净利润 | $104.5M | $1.2M |
| 毛利率 | 27.2% | — |
| 营业利润率 | 12.1% | 0.1% |
| 净利率 | 7.0% | 0.1% |
| 营收同比 | 13.2% | 14.5% |
| 净利润同比 | -30.6% | 20.7% |
| 每股收益（稀释后） | $3.69 | — |
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BLDCME
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.4B | $1.5B |
净利润BLDCME
| Q1 26 | — | $1.2M | ||
| Q4 25 | $104.5M | $1.2B | ||
| Q3 25 | $142.2M | $908.0M | ||
| Q2 25 | $151.6M | $1.0B | ||
| Q1 25 | $123.4M | $956.2M | ||
| Q4 24 | $150.5M | $874.6M | ||
| Q3 24 | $169.0M | $912.8M | ||
| Q2 24 | $150.7M | $883.2M |
毛利率BLDCME
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | — | ||
| Q3 25 | 30.1% | — | ||
| Q2 25 | 30.4% | — | ||
| Q1 25 | 28.5% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 30.7% | — | ||
| Q2 24 | 31.0% | — |
营业利润率BLDCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 12.1% | 61.8% | ||
| Q3 25 | 15.4% | 63.3% | ||
| Q2 25 | 16.9% | 66.7% | ||
| Q1 25 | 14.4% | 67.5% | ||
| Q4 24 | 16.6% | 62.1% | ||
| Q3 24 | 17.8% | 64.6% | ||
| Q2 24 | 15.4% | 65.3% |
净利率BLDCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 7.0% | 71.7% | ||
| Q3 25 | 10.2% | 59.1% | ||
| Q2 25 | 11.7% | 60.6% | ||
| Q1 25 | 10.0% | 58.2% | ||
| Q4 24 | 11.5% | 57.3% | ||
| Q3 24 | 12.3% | 57.6% | ||
| Q2 24 | 11.0% | 57.6% |
每股收益（稀释后）BLDCME
| Q1 26 | — | — | ||
| Q4 25 | $3.69 | $3.24 | ||
| Q3 25 | $5.04 | $2.49 | ||
| Q2 25 | $5.32 | $2.81 | ||
| Q1 25 | $4.23 | $2.62 | ||
| Q4 24 | $5.07 | $2.40 | ||
| Q3 24 | $5.65 | $2.50 | ||
| Q2 24 | $4.78 | $2.42 |
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 | $184.7M | $2.4B |
| 总债务越低越好 | $2.8B | $3.4B |
| 股东权益账面价值 | $2.3B | — |
| 总资产 | $6.6B | $202.0B |
| 负债/权益比越低杠杆越低 | 1.23× | — |
8季度趋势，按日历期对齐
现金及短期投资BLDCME
| Q1 26 | — | $2.4B | ||
| Q4 25 | $184.7M | $4.5B | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | $842.5M | $2.1B | ||
| Q1 25 | $308.8M | $1.5B | ||
| Q4 24 | $400.3M | $3.0B | ||
| Q3 24 | $257.3M | $2.4B | ||
| Q2 24 | $463.2M | $1.9B |
总债务BLDCME
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
股东权益BLDCME
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $28.7B | ||
| Q3 25 | $2.2B | $28.2B | ||
| Q2 25 | $2.1B | $27.7B | ||
| Q1 25 | $2.1B | $27.0B | ||
| Q4 24 | $2.2B | $26.5B | ||
| Q3 24 | $2.1B | $28.2B | ||
| Q2 24 | $2.4B | $27.6B |
总资产BLDCME
| Q1 26 | — | $202.0B | ||
| Q4 25 | $6.6B | $198.4B | ||
| Q3 25 | $6.4B | $187.1B | ||
| Q2 25 | $5.1B | $179.9B | ||
| Q1 25 | $4.6B | $157.8B | ||
| Q4 24 | $4.7B | $137.4B | ||
| Q3 24 | $4.7B | $137.8B | ||
| Q2 24 | $4.9B | $123.4B |
负债/权益比BLDCME
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.59× | — |
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 | $176.7M | — |
| 自由现金流经营现金流 - 资本支出 | $159.4M | — |
| 自由现金流率自由现金流/营收 | 10.7% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | 1.69× | — |
| 过去12个月自由现金流最近4个季度 | $696.9M | — |
8季度趋势，按日历期对齐
经营现金流BLDCME
| Q1 26 | — | — | ||
| Q4 25 | $176.7M | $1.1B | ||
| Q3 25 | $233.3M | $968.1M | ||
| Q2 25 | $193.7M | $1.1B | ||
| Q1 25 | $152.6M | $1.1B | ||
| Q4 24 | $266.2M | $1.0B | ||
| Q3 24 | $240.7M | $1.0B | ||
| Q2 24 | $90.4M | $776.9M |
自由现金流BLDCME
| Q1 26 | — | — | ||
| Q4 25 | $159.4M | $1.1B | ||
| Q3 25 | $216.2M | $949.7M | ||
| Q2 25 | $182.2M | $1.0B | ||
| Q1 25 | $139.2M | $1.1B | ||
| Q4 24 | $253.7M | $991.7M | ||
| Q3 24 | $219.8M | $973.2M | ||
| Q2 24 | $74.3M | $758.7M |
自由现金流率BLDCME
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 66.8% | ||
| Q3 25 | 15.5% | 61.8% | ||
| Q2 25 | 14.0% | 61.5% | ||
| Q1 25 | 11.3% | 67.1% | ||
| Q4 24 | 19.3% | 65.0% | ||
| Q3 24 | 16.0% | 61.4% | ||
| Q2 24 | 5.4% | 49.5% |
资本支出强度BLDCME
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 2.0% | ||
| Q3 25 | 1.2% | 1.2% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.1% | 0.9% | ||
| Q4 24 | 1.0% | 1.7% | ||
| Q3 24 | 1.5% | 1.9% | ||
| Q2 24 | 1.2% | 1.2% |
现金转化率BLDCME
| Q1 26 | — | — | ||
| Q4 25 | 1.69× | 0.96× | ||
| Q3 25 | 1.64× | 1.07× | ||
| Q2 25 | 1.28× | 1.03× | ||
| Q1 25 | 1.24× | 1.17× | ||
| Q4 24 | 1.77× | 1.16× | ||
| Q3 24 | 1.42× | 1.10× | ||
| Q2 24 | 0.60× | 0.88× |
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
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
CME
暂无分部数据
