vs
CLEVELAND-CLIFFS INC.（CLF）与COMFORT SYSTEMS USA INC（FIX）财务数据对比。点击上方公司名可切换其他公司
CLEVELAND-CLIFFS INC.的季度营收约是COMFORT SYSTEMS USA INC的1.6倍（$4.3B vs $2.6B），COMFORT SYSTEMS USA INC净利率更高（12.5% vs -5.6%，领先18.1%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs -0.3%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $-153.0M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs -8.9%）
克利夫兰-克利夫斯公司是总部位于美国俄亥俄州克利夫兰的钢铁制造商，业务覆盖铁矿石开采、选矿、造球及钢铁冶炼，包含冲压与模具制造，是美国第二大钢铁生产商、北美最大扁钢生产商，位列财富500强第221位、福布斯全球2000强第1511位。
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
CLF vs FIX — 直观对比
营收规模更大
CLF
是对方的1.6倍
$2.6B
营收增速更快
FIX
高出41.9%
-0.3%
净利率更高
FIX
高出18.1%
-5.6%
自由现金流更多
FIX
多$555.5M
$-153.0M
两年增速更快
FIX
近两年复合增速
-8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $2.6B |
| 净利润 | $-241.0M | $330.8M |
| 毛利率 | -5.0% | 25.5% |
| 营业利润率 | -7.9% | 16.1% |
| 净利率 | -5.6% | 12.5% |
| 营收同比 | -0.3% | 41.7% |
| 净利润同比 | 46.1% | 126.8% |
| 每股收益（稀释后） | — | $9.35 |
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CLFFIX
| Q4 25 | $4.3B | $2.6B | ||
| Q3 25 | $4.7B | $2.5B | ||
| Q2 25 | $4.9B | $2.2B | ||
| Q1 25 | $4.6B | $1.8B | ||
| Q4 24 | $4.3B | $1.9B | ||
| Q3 24 | $4.6B | $1.8B | ||
| Q2 24 | $5.1B | $1.8B | ||
| Q1 24 | $5.2B | $1.5B |
净利润CLFFIX
| Q4 25 | $-241.0M | $330.8M | ||
| Q3 25 | $-251.0M | $291.6M | ||
| Q2 25 | $-470.0M | $230.8M | ||
| Q1 25 | $-483.0M | $169.3M | ||
| Q4 24 | $-447.0M | $145.9M | ||
| Q3 24 | $-242.0M | $146.2M | ||
| Q2 24 | $2.0M | $134.0M | ||
| Q1 24 | $-67.0M | $96.3M |
毛利率CLFFIX
| Q4 25 | -5.0% | 25.5% | ||
| Q3 25 | -1.0% | 24.8% | ||
| Q2 25 | -4.2% | 23.5% | ||
| Q1 25 | -8.4% | 22.0% | ||
| Q4 24 | -6.3% | 23.2% | ||
| Q3 24 | -2.3% | 21.1% | ||
| Q2 24 | 3.2% | 20.1% | ||
| Q1 24 | 5.5% | 19.3% |
营业利润率CLFFIX
| Q4 25 | -7.9% | 16.1% | ||
| Q3 25 | -4.3% | 15.5% | ||
| Q2 25 | -10.1% | 13.8% | ||
| Q1 25 | -11.6% | 11.4% | ||
| Q4 24 | -10.8% | 12.1% | ||
| Q3 24 | -5.7% | 11.2% | ||
| Q2 24 | 0.1% | 10.2% | ||
| Q1 24 | -0.7% | 8.8% |
净利率CLFFIX
| Q4 25 | -5.6% | 12.5% | ||
| Q3 25 | -5.3% | 11.9% | ||
| Q2 25 | -9.5% | 10.6% | ||
| Q1 25 | -10.4% | 9.2% | ||
| Q4 24 | -10.3% | 7.8% | ||
| Q3 24 | -5.3% | 8.1% | ||
| Q2 24 | 0.0% | 7.4% | ||
| Q1 24 | -1.3% | 6.3% |
每股收益（稀释后）CLFFIX
| Q4 25 | — | $9.35 | ||
| Q3 25 | $-0.51 | $8.25 | ||
| Q2 25 | — | $6.53 | ||
| Q1 25 | — | $4.75 | ||
| Q4 24 | $-0.91 | $4.08 | ||
| Q3 24 | $-0.52 | $4.09 | ||
| Q2 24 | $0.00 | $3.74 | ||
| Q1 24 | $-0.14 | $2.69 |
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 | $57.0M | $981.9M |
| 总债务越低越好 | $7.3B | $145.2M |
| 股东权益账面价值 | $6.1B | $2.4B |
| 总资产 | $20.0B | $6.4B |
| 负债/权益比越低杠杆越低 | 1.19× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资CLFFIX
| Q4 25 | $57.0M | $981.9M | ||
| Q3 25 | $66.0M | $860.5M | ||
| Q2 25 | $61.0M | $331.7M | ||
| Q1 25 | $57.0M | $204.8M | ||
| Q4 24 | $54.0M | $549.9M | ||
| Q3 24 | $39.0M | $415.6M | ||
| Q2 24 | $110.0M | $199.4M | ||
| Q1 24 | $30.0M | $100.8M |
总债务CLFFIX
| Q4 25 | $7.3B | $145.2M | ||
| Q3 25 | $8.0B | $136.0M | ||
| Q2 25 | $7.7B | $73.0M | ||
| Q1 25 | $7.6B | $67.8M | ||
| Q4 24 | $7.1B | $68.3M | ||
| Q3 24 | $3.8B | $62.3M | ||
| Q2 24 | $3.5B | $73.4M | ||
| Q1 24 | $3.7B | $77.0M |
股东权益CLFFIX
| Q4 25 | $6.1B | $2.4B | ||
| Q3 25 | $5.5B | $2.2B | ||
| Q2 25 | $5.8B | $2.0B | ||
| Q1 25 | $6.3B | $1.8B | ||
| Q4 24 | $6.7B | $1.7B | ||
| Q3 24 | $6.9B | $1.6B | ||
| Q2 24 | $7.1B | $1.5B | ||
| Q1 24 | $7.2B | $1.4B |
总资产CLFFIX
| Q4 25 | $20.0B | $6.4B | ||
| Q3 25 | $20.3B | $5.8B | ||
| Q2 25 | $20.5B | $5.1B | ||
| Q1 25 | $20.8B | $4.6B | ||
| Q4 24 | $20.9B | $4.7B | ||
| Q3 24 | $16.8B | $4.4B | ||
| Q2 24 | $16.9B | $4.2B | ||
| Q1 24 | $17.2B | $3.9B |
负债/权益比CLFFIX
| Q4 25 | 1.19× | 0.06× | ||
| Q3 25 | 1.47× | 0.06× | ||
| Q2 25 | 1.33× | 0.04× | ||
| Q1 25 | 1.22× | 0.04× | ||
| Q4 24 | 1.06× | 0.04× | ||
| Q3 24 | 0.55× | 0.04× | ||
| Q2 24 | 0.49× | 0.05× | ||
| Q1 24 | 0.51× | 0.06× |
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 | $-13.0M | $468.5M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $402.4M |
| 自由现金流率自由现金流/营收 | -3.5% | 15.2% |
| 资本支出强度资本支出/营收 | 3.2% | 2.5% |
| 现金转化率经营现金流/净利润 | — | 1.42× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $1.0B |
8季度趋势，按日历期对齐
经营现金流CLFFIX
| Q4 25 | $-13.0M | $468.5M | ||
| Q3 25 | $-143.0M | $553.3M | ||
| Q2 25 | $45.0M | $252.5M | ||
| Q1 25 | $-351.0M | $-88.0M | ||
| Q4 24 | $-472.0M | $210.5M | ||
| Q3 24 | $-84.0M | $302.2M | ||
| Q2 24 | $519.0M | $189.9M | ||
| Q1 24 | $142.0M | $146.6M |
自由现金流CLFFIX
| Q4 25 | $-153.0M | $402.4M | ||
| Q3 25 | $-300.0M | $517.9M | ||
| Q2 25 | $-67.0M | $221.2M | ||
| Q1 25 | $-503.0M | $-110.2M | ||
| Q4 24 | $-677.0M | $169.8M | ||
| Q3 24 | $-235.0M | $280.1M | ||
| Q2 24 | $362.0M | $166.5M | ||
| Q1 24 | $-40.0M | $121.6M |
自由现金流率CLFFIX
| Q4 25 | -3.5% | 15.2% | ||
| Q3 25 | -6.3% | 21.1% | ||
| Q2 25 | -1.4% | 10.2% | ||
| Q1 25 | -10.9% | -6.0% | ||
| Q4 24 | -15.7% | 9.1% | ||
| Q3 24 | -5.1% | 15.5% | ||
| Q2 24 | 7.1% | 9.2% | ||
| Q1 24 | -0.8% | 7.9% |
资本支出强度CLFFIX
| Q4 25 | 3.2% | 2.5% | ||
| Q3 25 | 3.3% | 1.4% | ||
| Q2 25 | 2.3% | 1.4% | ||
| Q1 25 | 3.3% | 1.2% | ||
| Q4 24 | 4.7% | 2.2% | ||
| Q3 24 | 3.3% | 1.2% | ||
| Q2 24 | 3.1% | 1.3% | ||
| Q1 24 | 3.5% | 1.6% |
现金转化率CLFFIX
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | 1.90× | ||
| Q2 25 | — | 1.09× | ||
| Q1 25 | — | -0.52× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 2.07× | ||
| Q2 24 | 259.50× | 1.42× | ||
| Q1 24 | — | 1.52× |
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
CLF
| Hot Rolled Steel | $1.1B | 27% |
| Automotive | $1.1B | 27% |
| Steel Producers | $555.0M | 13% |
| Cold Rolled Steel | $530.0M | 12% |
| Other | $409.0M | 9% |
| Stainless And Electrical Steel | $404.0M | 9% |
| Other Businesses | $159.0M | 4% |
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
