vs
PEABODY ENERGY CORP（BTU）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
COMMERCIAL METALS Co的季度营收约是PEABODY ENERGY CORP的2.1倍（$2.1B vs $1.0B），COMMERCIAL METALS Co净利率更高（8.4% vs 1.2%，领先7.1%），COMMERCIAL METALS Co同比增速更快（11.0% vs -9.0%），过去两年COMMERCIAL METALS Co的营收复合增速更高（7.1% vs 1.9%）
皮博迪能源是总部位于美国密苏里州圣路易斯的煤炭开采企业，核心业务涵盖煤炭的开采、销售与配送，产品主要供应给发电和炼钢领域。公司还通过中国、澳大利亚及美国的办公网点开展煤炭的营销、经纪和贸易业务。
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。
BTU vs CMC — 直观对比
营收规模更大
CMC
是对方的2.1倍
$1.0B
营收增速更快
CMC
高出20.0%
-9.0%
净利率更高
CMC
高出7.1%
1.2%
两年增速更快
CMC
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $2.1B |
| 净利润 | $12.4M | $177.3M |
| 毛利率 | — | 19.2% |
| 营业利润率 | 0.8% | 8.6% |
| 净利率 | 1.2% | 8.4% |
| 营收同比 | -9.0% | 11.0% |
| 净利润同比 | -67.2% | 200.9% |
| 每股收益（稀释后） | $0.11 | $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BTUCMC
| Q4 25 | $1.0B | $2.1B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $890.1M | $2.0B | ||
| Q1 25 | $937.0M | $1.8B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.0B | $2.1B | ||
| Q1 24 | $983.6M | $1.8B |
净利润BTUCMC
| Q4 25 | $12.4M | $177.3M | ||
| Q3 25 | $-70.1M | $151.8M | ||
| Q2 25 | $-27.6M | $83.1M | ||
| Q1 25 | $34.4M | $25.5M | ||
| Q4 24 | $37.8M | $-175.7M | ||
| Q3 24 | $101.3M | $103.9M | ||
| Q2 24 | $199.4M | $119.4M | ||
| Q1 24 | $39.6M | $85.8M |
毛利率BTUCMC
| 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% |
营业利润率BTUCMC
| Q4 25 | 0.8% | 8.6% | ||
| Q3 25 | -8.0% | 9.1% | ||
| Q2 25 | -4.3% | 5.4% | ||
| Q1 25 | 3.4% | 2.1% | ||
| Q4 24 | 3.6% | -12.1% | ||
| Q3 24 | 11.0% | 6.7% | ||
| Q2 24 | 22.4% | 7.7% | ||
| Q1 24 | 5.2% | 6.3% |
净利率BTUCMC
| Q4 25 | 1.2% | 8.4% | ||
| Q3 25 | -6.9% | 7.2% | ||
| Q2 25 | -3.1% | 4.1% | ||
| Q1 25 | 3.7% | 1.5% | ||
| Q4 24 | 3.4% | -9.2% | ||
| Q3 24 | 9.3% | 5.2% | ||
| Q2 24 | 19.1% | 5.7% | ||
| Q1 24 | 4.0% | 4.6% |
每股收益（稀释后）BTUCMC
| Q4 25 | $0.11 | $1.58 | ||
| Q3 25 | $-0.58 | $1.33 | ||
| Q2 25 | $-0.23 | $0.73 | ||
| Q1 25 | $0.27 | $0.22 | ||
| Q4 24 | $0.25 | $-1.54 | ||
| Q3 24 | $0.74 | $0.90 | ||
| Q2 24 | $1.42 | $1.02 | ||
| Q1 24 | $0.29 | $0.73 |
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 | $575.3M | $1.0B |
| 总债务越低越好 | $321.2M | $3.3B |
| 股东权益账面价值 | $3.5B | $4.3B |
| 总资产 | $5.8B | $9.2B |
| 负债/权益比越低杠杆越低 | 0.09× | 0.77× |
8季度趋势，按日历期对齐
现金及短期投资BTUCMC
| Q4 25 | $575.3M | $1.0B | ||
| Q3 25 | $603.3M | $1.0B | ||
| Q2 25 | $585.9M | $893.0M | ||
| Q1 25 | $696.5M | $758.4M | ||
| Q4 24 | $700.4M | $856.1M | ||
| Q3 24 | $772.9M | $857.9M | ||
| Q2 24 | $621.7M | $698.3M | ||
| Q1 24 | $855.7M | $638.3M |
总债务BTUCMC
| Q4 25 | $321.2M | $3.3B | ||
| Q3 25 | $321.8M | $1.3B | ||
| Q2 25 | $329.2M | $1.3B | ||
| Q1 25 | $331.2M | $1.2B | ||
| Q4 24 | $332.3M | $1.1B | ||
| Q3 24 | $323.7M | $1.2B | ||
| Q2 24 | $323.2M | $1.1B | ||
| Q1 24 | $323.3M | $1.1B |
股东权益BTUCMC
| Q4 25 | $3.5B | $4.3B | ||
| Q3 25 | $3.5B | $4.2B | ||
| Q2 25 | $3.6B | $4.1B | ||
| Q1 25 | $3.7B | $4.0B | ||
| Q4 24 | $3.7B | $4.0B | ||
| Q3 24 | $3.6B | $4.3B | ||
| Q2 24 | $3.7B | $4.3B | ||
| Q1 24 | $3.5B | $4.2B |
总资产BTUCMC
| Q4 25 | $5.8B | $9.2B | ||
| Q3 25 | $5.7B | $7.2B | ||
| Q2 25 | $5.8B | $7.0B | ||
| Q1 25 | $5.8B | $6.7B | ||
| Q4 24 | $6.0B | $6.8B | ||
| Q3 24 | $5.9B | $6.8B | ||
| Q2 24 | $5.9B | $6.7B | ||
| Q1 24 | $5.7B | $6.7B |
负债/权益比BTUCMC
| Q4 25 | 0.09× | 0.77× | ||
| Q3 25 | 0.09× | 0.31× | ||
| Q2 25 | 0.09× | 0.32× | ||
| Q1 25 | 0.09× | 0.29× | ||
| Q4 24 | 0.09× | 0.29× | ||
| Q3 24 | 0.09× | 0.27× | ||
| Q2 24 | 0.09× | 0.27× | ||
| Q1 24 | 0.09× | 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 | $68.6M | $204.2M |
| 自由现金流经营现金流 - 资本支出 | — | $78.8M |
| 自由现金流率自由现金流/营收 | — | 3.7% |
| 资本支出强度资本支出/营收 | — | 5.9% |
| 现金转化率经营现金流/净利润 | 5.53× | 1.15× |
| 过去12个月自由现金流最近4个季度 | — | $296.2M |
8季度趋势，按日历期对齐
经营现金流BTUCMC
| Q4 25 | $68.6M | $204.2M | ||
| Q3 25 | $122.0M | $315.2M | ||
| Q2 25 | $23.2M | $154.4M | ||
| Q1 25 | $119.9M | $32.4M | ||
| Q4 24 | $119.8M | $213.0M | ||
| Q3 24 | $359.9M | $351.8M | ||
| Q2 24 | $7.8M | $197.9M | ||
| Q1 24 | $119.0M | $89.0M |
自由现金流BTUCMC
| Q4 25 | — | $78.8M | ||
| Q3 25 | — | $206.3M | ||
| Q2 25 | — | $65.0M | ||
| Q1 25 | — | $-53.8M | ||
| Q4 24 | — | $94.8M | ||
| Q3 24 | — | $270.3M | ||
| Q2 24 | — | $115.8M | ||
| Q1 24 | — | $-4.8M |
自由现金流率BTUCMC
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 9.8% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 13.5% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | -0.3% |
资本支出强度BTUCMC
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 3.9% | ||
| Q1 24 | — | 5.1% |
现金转化率BTUCMC
| Q4 25 | 5.53× | 1.15× | ||
| Q3 25 | — | 2.08× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | 3.49× | 1.27× | ||
| Q4 24 | 3.17× | — | ||
| Q3 24 | 3.55× | 3.39× | ||
| Q2 24 | 0.04× | 1.66× | ||
| Q1 24 | 3.01× | 1.04× |
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
BTU
| Seaborne Metallurgical Mining | $305.4M | 30% |
| Powder River Basin Mining | $300.3M | 29% |
| Seaborne Thermal Mining | $205.6M | 20% |
| Other | $182.1M | 18% |
| Thermal Coal | $28.9M | 3% |
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% |
