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BADGER METER INC（BMI）与COMPASS MINERALS INTERNATIONAL INC（CMP）财务数据对比。点击上方公司名可切换其他公司
COMPASS MINERALS INTERNATIONAL INC的季度营收约是BADGER METER INC的1.7倍（$396.1M vs $234.1M），BADGER METER INC净利率更高（14.3% vs 4.7%，领先9.6%），COMPASS MINERALS INTERNATIONAL INC同比增速更快（28.9% vs 14.1%），BADGER METER INC自由现金流更多（$50.8M vs $-59.8M），过去两年BADGER METER INC的营收复合增速更高（9.2% vs 4.3%）
Badger Meter Inc是全球领先的流量测量与控制解决方案供应商，主要服务水务企业、工业、商业及住宅客户群体，核心产品包括智能水表、物联网使用监测系统及配套软件，可帮助客户追踪资源消耗、减少浪费、提升运营效率，核心市场覆盖北美、欧洲及亚太地区。
指南针矿产国际是一家美国上市矿产企业，总部位于堪萨斯州欧弗兰帕克，是盐、氯化镁和硫酸钾等产品的领先生产商。公司面向北美和英国客户供应经处理与未经处理的散装道路除冰盐，同时向全球种植者提供植物营养产品，此外也生产民用除冰、水质调节产品及相关商用产品。
BMI vs CMP — 直观对比
营收规模更大
CMP
是对方的1.7倍
$234.1M
营收增速更快
CMP
高出14.8%
14.1%
净利率更高
BMI
高出9.6%
4.7%
自由现金流更多
BMI
多$110.6M
$-59.8M
两年增速更快
BMI
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $234.1M | $396.1M |
| 净利润 | $33.6M | $18.6M |
| 毛利率 | 39.7% | 16.0% |
| 营业利润率 | 18.4% | 9.2% |
| 净利率 | 14.3% | 4.7% |
| 营收同比 | 14.1% | 28.9% |
| 净利润同比 | 9.3% | 178.8% |
| 每股收益（稀释后） | $1.13 | $0.43 |
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BMICMP
| Q4 25 | $234.1M | $396.1M | ||
| Q3 25 | $222.2M | $227.5M | ||
| Q2 25 | $238.1M | $214.6M | ||
| Q1 25 | $222.2M | $494.6M | ||
| Q4 24 | $205.2M | $307.2M | ||
| Q3 24 | $208.4M | $208.8M | ||
| Q2 24 | $216.7M | $202.9M | ||
| Q1 24 | $196.3M | $364.0M |
净利润BMICMP
| Q4 25 | $33.6M | $18.6M | ||
| Q3 25 | $35.1M | $-7.2M | ||
| Q2 25 | $34.6M | $-17.0M | ||
| Q1 25 | $38.4M | $-32.0M | ||
| Q4 24 | $30.7M | $-23.6M | ||
| Q3 24 | $32.0M | $-48.3M | ||
| Q2 24 | $33.1M | $-43.6M | ||
| Q1 24 | $29.1M | $-38.9M |
毛利率BMICMP
| Q4 25 | 39.7% | 16.0% | ||
| Q3 25 | 43.1% | 16.9% | ||
| Q2 25 | 41.1% | 19.2% | ||
| Q1 25 | 42.9% | 15.5% | ||
| Q4 24 | 40.3% | 11.2% | ||
| Q3 24 | 40.2% | 9.3% | ||
| Q2 24 | 39.4% | 16.1% | ||
| Q1 24 | 39.3% | 19.7% |
营业利润率BMICMP
| Q4 25 | 18.4% | 9.2% | ||
| Q3 25 | 20.7% | 5.3% | ||
| Q2 25 | 18.8% | 7.4% | ||
| Q1 25 | 22.2% | -0.6% | ||
| Q4 24 | 19.1% | 0.2% | ||
| Q3 24 | 19.5% | -14.3% | ||
| Q2 24 | 19.2% | 2.9% | ||
| Q1 24 | 18.6% | -10.8% |
净利率BMICMP
| Q4 25 | 14.3% | 4.7% | ||
| Q3 25 | 15.8% | -3.2% | ||
| Q2 25 | 14.5% | -7.9% | ||
| Q1 25 | 17.3% | -6.5% | ||
| Q4 24 | 15.0% | -7.7% | ||
| Q3 24 | 15.4% | -23.1% | ||
| Q2 24 | 15.3% | -21.5% | ||
| Q1 24 | 14.8% | -10.7% |
每股收益（稀释后）BMICMP
| Q4 25 | $1.13 | $0.43 | ||
| Q3 25 | $1.19 | — | ||
| Q2 25 | $1.17 | $-0.41 | ||
| Q1 25 | $1.30 | $-0.77 | ||
| Q4 24 | $1.04 | $-0.57 | ||
| Q3 24 | $1.08 | $-1.17 | ||
| Q2 24 | $1.12 | $-1.05 | ||
| Q1 24 | $0.99 | $-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 | — | $46.7M |
| 总债务越低越好 | — | $890.0M |
| 股东权益账面价值 | $713.3M | $260.5M |
| 总资产 | $973.6M | $1.5B |
| 负债/权益比越低杠杆越低 | — | 3.42× |
8季度趋势，按日历期对齐
现金及短期投资BMICMP
| Q4 25 | — | $46.7M | ||
| Q3 25 | — | $59.7M | ||
| Q2 25 | — | $79.4M | ||
| Q1 25 | — | $49.5M | ||
| Q4 24 | — | $45.8M | ||
| Q3 24 | — | $20.2M | ||
| Q2 24 | — | $12.8M | ||
| Q1 24 | — | $38.3M |
总债务BMICMP
| Q4 25 | — | $890.0M | ||
| Q3 25 | — | $839.8M | ||
| Q2 25 | — | $833.4M | ||
| Q1 25 | — | $807.6M | ||
| Q4 24 | — | $974.4M | ||
| Q3 24 | — | $921.2M | ||
| Q2 24 | — | $875.1M | ||
| Q1 24 | — | $877.2M |
股东权益BMICMP
| Q4 25 | $713.3M | $260.5M | ||
| Q3 25 | $702.5M | $234.1M | ||
| Q2 25 | $677.6M | $249.8M | ||
| Q1 25 | $641.7M | $236.5M | ||
| Q4 24 | $606.2M | $263.0M | ||
| Q3 24 | $591.2M | $316.6M | ||
| Q2 24 | $563.1M | $352.1M | ||
| Q1 24 | $535.6M | $400.4M |
总资产BMICMP
| Q4 25 | $973.6M | $1.5B | ||
| Q3 25 | $978.3M | $1.5B | ||
| Q2 25 | $936.4M | $1.5B | ||
| Q1 25 | $899.6M | $1.5B | ||
| Q4 24 | $816.4M | $1.7B | ||
| Q3 24 | $802.9M | $1.6B | ||
| Q2 24 | $781.3M | $1.6B | ||
| Q1 24 | $743.5M | $1.7B |
负债/权益比BMICMP
| Q4 25 | — | 3.42× | ||
| Q3 25 | — | 3.59× | ||
| Q2 25 | — | 3.34× | ||
| Q1 25 | — | 3.41× | ||
| Q4 24 | — | 3.70× | ||
| Q3 24 | — | 2.91× | ||
| Q2 24 | — | 2.49× | ||
| Q1 24 | — | 2.19× |
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 | $54.8M | $-37.0M |
| 自由现金流经营现金流 - 资本支出 | $50.8M | $-59.8M |
| 自由现金流率自由现金流/营收 | 21.7% | -15.1% |
| 资本支出强度资本支出/营收 | 1.7% | 5.8% |
| 现金转化率经营现金流/净利润 | 1.63× | -1.99× |
| 过去12个月自由现金流最近4个季度 | $169.7M | $94.1M |
8季度趋势，按日历期对齐
经营现金流BMICMP
| Q4 25 | $54.8M | $-37.0M | ||
| Q3 25 | $51.3M | $-6.9M | ||
| Q2 25 | $44.6M | $21.8M | ||
| Q1 25 | $33.0M | $186.9M | ||
| Q4 24 | $52.1M | $-4.1M | ||
| Q3 24 | $45.1M | $-12.7M | ||
| Q2 24 | $36.4M | $-6.8M | ||
| Q1 24 | $21.5M | $86.2M |
自由现金流BMICMP
| Q4 25 | $50.8M | $-59.8M | ||
| Q3 25 | $48.2M | $-22.8M | ||
| Q2 25 | $40.6M | $3.8M | ||
| Q1 25 | $30.1M | $172.9M | ||
| Q4 24 | $47.4M | $-25.9M | ||
| Q3 24 | $42.0M | $-33.6M | ||
| Q2 24 | $34.1M | $-21.5M | ||
| Q1 24 | $18.8M | $56.2M |
自由现金流率BMICMP
| Q4 25 | 21.7% | -15.1% | ||
| Q3 25 | 21.7% | -10.0% | ||
| Q2 25 | 17.1% | 1.8% | ||
| Q1 25 | 13.5% | 35.0% | ||
| Q4 24 | 23.1% | -8.4% | ||
| Q3 24 | 20.1% | -16.1% | ||
| Q2 24 | 15.7% | -10.6% | ||
| Q1 24 | 9.6% | 15.4% |
资本支出强度BMICMP
| Q4 25 | 1.7% | 5.8% | ||
| Q3 25 | 1.4% | 7.0% | ||
| Q2 25 | 1.7% | 8.4% | ||
| Q1 25 | 1.3% | 2.8% | ||
| Q4 24 | 2.3% | 7.1% | ||
| Q3 24 | 1.5% | 10.0% | ||
| Q2 24 | 1.1% | 7.2% | ||
| Q1 24 | 1.4% | 8.2% |
现金转化率BMICMP
| Q4 25 | 1.63× | -1.99× | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.29× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.70× | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 1.10× | — | ||
| Q1 24 | 0.74× | — |
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
BMI
| Transferred At Point In Time | $198.6M | 85% |
| Transferred Over Time | $22.1M | 9% |
| Other | $13.4M | 6% |
CMP
| Highway Deicing Salt | $210.8M | 53% |
| Consumer Industrial Salt | $120.7M | 30% |
| Plant Nutrition | $60.8M | 15% |
| Transferred Over Time | $2.8M | 1% |
| Other | $1.0M | 0% |
