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CLEVELAND-CLIFFS INC.（CLF）与固铂轮胎（GT）财务数据对比。点击上方公司名可切换其他公司
固铂轮胎的季度营收约是CLEVELAND-CLIFFS INC.的1.1倍（$4.9B vs $4.3B），固铂轮胎净利率更高（2.1% vs -5.6%，领先7.7%），CLEVELAND-CLIFFS INC.同比增速更快（-0.3% vs -0.6%），固铂轮胎自由现金流更多（$1.3B vs $-153.0M），过去两年固铂轮胎的营收复合增速更高（4.1% 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。
固铂轮胎橡胶公司是美国知名轮胎企业，专注于乘用车、卡车替换轮胎的设计、生产、营销与销售，旗下子公司还覆盖中型卡车、摩托车及赛车轮胎业务。公司总部位于俄亥俄州芬德利，在全球拥有60处制造、销售、配送、技术及研发设计基地，旗下还拥有英国雅芳轮胎品牌，生产摩托车等品类的轮胎产品。
CLF vs GT — 直观对比
营收规模更大
GT
是对方的1.1倍
$4.3B
营收增速更快
CLF
高出0.3%
-0.6%
净利率更高
GT
高出7.7%
-5.6%
自由现金流更多
GT
多$1.5B
$-153.0M
两年增速更快
GT
近两年复合增速
-8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $4.9B |
| 净利润 | $-241.0M | $105.0M |
| 毛利率 | -5.0% | 20.9% |
| 营业利润率 | -7.9% | 3.3% |
| 净利率 | -5.6% | 2.1% |
| 营收同比 | -0.3% | -0.6% |
| 净利润同比 | 46.1% | 43.8% |
| 每股收益（稀释后） | — | $0.36 |
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CLFGT
| Q4 25 | $4.3B | $4.9B | ||
| Q3 25 | $4.7B | $4.6B | ||
| Q2 25 | $4.9B | $4.5B | ||
| Q1 25 | $4.6B | $4.3B | ||
| Q4 24 | $4.3B | $4.9B | ||
| Q3 24 | $4.6B | $4.8B | ||
| Q2 24 | $5.1B | $4.6B | ||
| Q1 24 | $5.2B | $4.5B |
净利润CLFGT
| Q4 25 | $-241.0M | $105.0M | ||
| Q3 25 | $-251.0M | $-2.2B | ||
| Q2 25 | $-470.0M | $254.0M | ||
| Q1 25 | $-483.0M | $115.0M | ||
| Q4 24 | $-447.0M | $73.0M | ||
| Q3 24 | $-242.0M | $-37.0M | ||
| Q2 24 | $2.0M | $79.0M | ||
| Q1 24 | $-67.0M | $-69.0M |
毛利率CLFGT
| Q4 25 | -5.0% | 20.9% | ||
| Q3 25 | -1.0% | 18.2% | ||
| Q2 25 | -4.2% | 17.0% | ||
| Q1 25 | -8.4% | 17.4% | ||
| Q4 24 | -6.3% | 19.9% | ||
| Q3 24 | -2.3% | 19.5% | ||
| Q2 24 | 3.2% | 20.6% | ||
| Q1 24 | 5.5% | 18.0% |
营业利润率CLFGT
| Q4 25 | -7.9% | 3.3% | ||
| Q3 25 | -4.3% | -15.8% | ||
| Q2 25 | -10.1% | 6.8% | ||
| Q1 25 | -11.6% | 3.1% | ||
| Q4 24 | -10.8% | 1.5% | ||
| Q3 24 | -5.7% | -0.6% | ||
| Q2 24 | 0.1% | 2.9% | ||
| Q1 24 | -0.7% | -1.1% |
净利率CLFGT
| Q4 25 | -5.6% | 2.1% | ||
| Q3 25 | -5.3% | -47.3% | ||
| Q2 25 | -9.5% | 5.7% | ||
| Q1 25 | -10.4% | 2.7% | ||
| Q4 24 | -10.3% | 1.5% | ||
| Q3 24 | -5.3% | -0.8% | ||
| Q2 24 | 0.0% | 1.7% | ||
| Q1 24 | -1.3% | -1.5% |
每股收益（稀释后）CLFGT
| Q4 25 | — | $0.36 | ||
| Q3 25 | $-0.51 | $-7.62 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | $-0.91 | $0.25 | ||
| Q3 24 | $-0.52 | $-0.13 | ||
| Q2 24 | $0.00 | $0.28 | ||
| Q1 24 | $-0.14 | $-0.24 |
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 | $801.0M |
| 总债务越低越好 | $7.3B | $5.3B |
| 股东权益账面价值 | $6.1B | $3.2B |
| 总资产 | $20.0B | $18.2B |
| 负债/权益比越低杠杆越低 | 1.19× | 1.65× |
8季度趋势，按日历期对齐
现金及短期投资CLFGT
| Q4 25 | $57.0M | $801.0M | ||
| Q3 25 | $66.0M | $810.0M | ||
| Q2 25 | $61.0M | $785.0M | ||
| Q1 25 | $57.0M | $902.0M | ||
| Q4 24 | $54.0M | $810.0M | ||
| Q3 24 | $39.0M | $905.0M | ||
| Q2 24 | $110.0M | $789.0M | ||
| Q1 24 | $30.0M | $893.0M |
总债务CLFGT
| Q4 25 | $7.3B | $5.3B | ||
| Q3 25 | $8.0B | $7.3B | ||
| Q2 25 | $7.7B | $6.6B | ||
| Q1 25 | $7.6B | $7.3B | ||
| Q4 24 | $7.1B | $6.4B | ||
| Q3 24 | $3.8B | $7.4B | ||
| Q2 24 | $3.5B | $6.8B | ||
| Q1 24 | $3.7B | $7.5B |
股东权益CLFGT
| Q4 25 | $6.1B | $3.2B | ||
| Q3 25 | $5.5B | $3.0B | ||
| Q2 25 | $5.8B | $5.1B | ||
| Q1 25 | $6.3B | $4.9B | ||
| Q4 24 | $6.7B | $4.7B | ||
| Q3 24 | $6.9B | $4.7B | ||
| Q2 24 | $7.1B | $4.7B | ||
| Q1 24 | $7.2B | $4.6B |
总资产CLFGT
| Q4 25 | $20.0B | $18.2B | ||
| Q3 25 | $20.3B | $20.2B | ||
| Q2 25 | $20.5B | $22.3B | ||
| Q1 25 | $20.8B | $21.7B | ||
| Q4 24 | $20.9B | $20.9B | ||
| Q3 24 | $16.8B | $22.5B | ||
| Q2 24 | $16.9B | $22.0B | ||
| Q1 24 | $17.2B | $22.0B |
负债/权益比CLFGT
| Q4 25 | 1.19× | 1.65× | ||
| Q3 25 | 1.47× | 2.42× | ||
| Q2 25 | 1.33× | 1.28× | ||
| Q1 25 | 1.22× | 1.48× | ||
| Q4 24 | 1.06× | 1.37× | ||
| Q3 24 | 0.55× | 1.57× | ||
| Q2 24 | 0.49× | 1.45× | ||
| Q1 24 | 0.51× | 1.61× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $1.3B |
| 自由现金流率自由现金流/营收 | -3.5% | 27.2% |
| 资本支出强度资本支出/营收 | 3.2% | 3.6% |
| 现金转化率经营现金流/净利润 | — | 14.40× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $-30.0M |
8季度趋势，按日历期对齐
经营现金流CLFGT
| Q4 25 | $-13.0M | $1.5B | ||
| Q3 25 | $-143.0M | $2.0M | ||
| Q2 25 | $45.0M | $-180.0M | ||
| Q1 25 | $-351.0M | $-538.0M | ||
| Q4 24 | $-472.0M | $1.3B | ||
| Q3 24 | $-84.0M | $-73.0M | ||
| Q2 24 | $519.0M | $-67.0M | ||
| Q1 24 | $142.0M | $-451.0M |
自由现金流CLFGT
| Q4 25 | $-153.0M | $1.3B | ||
| Q3 25 | $-300.0M | $-181.0M | ||
| Q2 25 | $-67.0M | $-387.0M | ||
| Q1 25 | $-503.0M | $-797.0M | ||
| Q4 24 | $-677.0M | $1.0B | ||
| Q3 24 | $-235.0M | $-351.0M | ||
| Q2 24 | $362.0M | $-383.0M | ||
| Q1 24 | $-40.0M | $-769.0M |
自由现金流率CLFGT
| Q4 25 | -3.5% | 27.2% | ||
| Q3 25 | -6.3% | -3.9% | ||
| Q2 25 | -1.4% | -8.7% | ||
| Q1 25 | -10.9% | -18.7% | ||
| Q4 24 | -15.7% | 20.5% | ||
| Q3 24 | -5.1% | -7.3% | ||
| Q2 24 | 7.1% | -8.4% | ||
| Q1 24 | -0.8% | -16.9% |
资本支出强度CLFGT
| Q4 25 | 3.2% | 3.6% | ||
| Q3 25 | 3.3% | 3.9% | ||
| Q2 25 | 2.3% | 4.6% | ||
| Q1 25 | 3.3% | 6.1% | ||
| Q4 24 | 4.7% | 5.6% | ||
| Q3 24 | 3.3% | 5.8% | ||
| Q2 24 | 3.1% | 6.9% | ||
| Q1 24 | 3.5% | 7.0% |
现金转化率CLFGT
| Q4 25 | — | 14.40× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.71× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | — | 17.66× | ||
| Q3 24 | — | — | ||
| Q2 24 | 259.50× | -0.85× | ||
| Q1 24 | — | — |
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% |
GT
| Tire Unit Sales | $2.4B | 50% |
| Other | $2.3B | 46% |
| Other Tireand Related Sales | $192.0M | 4% |
