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CLEVELAND-CLIFFS INC.（CLF）与捷普（JBL）财务数据对比。点击上方公司名可切换其他公司
捷普的季度营收约是CLEVELAND-CLIFFS INC.的1.9倍（$8.3B vs $4.3B），捷普净利率更高（1.8% vs -5.6%，领先7.3%），捷普同比增速更快（18.7% vs -0.3%），捷普自由现金流更多（$228.0M vs $-153.0M），过去两年捷普的营收复合增速更高（10.8% 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。
捷普（Jabil Inc.）是美国跨国制造企业，业务涵盖电子电路板组件及系统的设计、研发与生产，同时提供供应链服务，核心客户以原始设备制造商（OEM）为主。公司总部位于佛罗里达州圣彼得堡Gateway区域，是坦帕湾地区规模最大的企业之一。
CLF vs JBL — 直观对比
营收规模更大
JBL
是对方的1.9倍
$4.3B
营收增速更快
JBL
高出19.0%
-0.3%
净利率更高
JBL
高出7.3%
-5.6%
自由现金流更多
JBL
多$381.0M
$-153.0M
两年增速更快
JBL
近两年复合增速
-8.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $8.3B |
| 净利润 | $-241.0M | $146.0M |
| 毛利率 | -5.0% | 8.9% |
| 营业利润率 | -7.9% | 3.4% |
| 净利率 | -5.6% | 1.8% |
| 营收同比 | -0.3% | 18.7% |
| 净利润同比 | 46.1% | 46.0% |
| 每股收益（稀释后） | — | $1.35 |
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CLFJBL
| Q4 25 | $4.3B | $8.3B | ||
| Q3 25 | $4.7B | $8.3B | ||
| Q2 25 | $4.9B | $7.8B | ||
| Q1 25 | $4.6B | $6.7B | ||
| Q4 24 | $4.3B | $7.0B | ||
| Q3 24 | $4.6B | $7.0B | ||
| Q2 24 | $5.1B | $6.8B | ||
| Q1 24 | $5.2B | $6.8B |
净利润CLFJBL
| Q4 25 | $-241.0M | $146.0M | ||
| Q3 25 | $-251.0M | $218.0M | ||
| Q2 25 | $-470.0M | $222.0M | ||
| Q1 25 | $-483.0M | $117.0M | ||
| Q4 24 | $-447.0M | $100.0M | ||
| Q3 24 | $-242.0M | $138.0M | ||
| Q2 24 | $2.0M | $129.0M | ||
| Q1 24 | $-67.0M | $927.0M |
毛利率CLFJBL
| Q4 25 | -5.0% | 8.9% | ||
| Q3 25 | -1.0% | 9.5% | ||
| Q2 25 | -4.2% | 8.7% | ||
| Q1 25 | -8.4% | 8.6% | ||
| Q4 24 | -6.3% | 8.7% | ||
| Q3 24 | -2.3% | 9.5% | ||
| Q2 24 | 3.2% | 9.0% | ||
| Q1 24 | 5.5% | 9.3% |
营业利润率CLFJBL
| Q4 25 | -7.9% | 3.4% | ||
| Q3 25 | -4.3% | 4.1% | ||
| Q2 25 | -10.1% | 5.1% | ||
| Q1 25 | -11.6% | 3.6% | ||
| Q4 24 | -10.8% | 2.8% | ||
| Q3 24 | -5.7% | 4.6% | ||
| Q2 24 | 0.1% | 3.9% | ||
| Q1 24 | -0.7% | 16.7% |
净利率CLFJBL
| Q4 25 | -5.6% | 1.8% | ||
| Q3 25 | -5.3% | 2.6% | ||
| Q2 25 | -9.5% | 2.8% | ||
| Q1 25 | -10.4% | 1.7% | ||
| Q4 24 | -10.3% | 1.4% | ||
| Q3 24 | -5.3% | 2.0% | ||
| Q2 24 | 0.0% | 1.9% | ||
| Q1 24 | -1.3% | 13.7% |
每股收益（稀释后）CLFJBL
| Q4 25 | — | $1.35 | ||
| Q3 25 | $-0.51 | $1.95 | ||
| Q2 25 | — | $2.03 | ||
| Q1 25 | — | $1.06 | ||
| Q4 24 | $-0.91 | $0.88 | ||
| Q3 24 | $-0.52 | $1.33 | ||
| Q2 24 | $0.00 | $1.06 | ||
| Q1 24 | $-0.14 | $7.31 |
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 | $1.6B |
| 总债务越低越好 | $7.3B | $2.9B |
| 股东权益账面价值 | $6.1B | $1.3B |
| 总资产 | $20.0B | $19.3B |
| 负债/权益比越低杠杆越低 | 1.19× | 2.15× |
8季度趋势，按日历期对齐
现金及短期投资CLFJBL
| Q4 25 | $57.0M | $1.6B | ||
| Q3 25 | $66.0M | $1.9B | ||
| Q2 25 | $61.0M | $1.5B | ||
| Q1 25 | $57.0M | $1.6B | ||
| Q4 24 | $54.0M | $2.1B | ||
| Q3 24 | $39.0M | $2.2B | ||
| Q2 24 | $110.0M | $2.5B | ||
| Q1 24 | $30.0M | $2.6B |
总债务CLFJBL
| Q4 25 | $7.3B | $2.9B | ||
| Q3 25 | $8.0B | $2.9B | ||
| Q2 25 | $7.7B | $2.9B | ||
| Q1 25 | $7.6B | $2.9B | ||
| Q4 24 | $7.1B | $2.9B | ||
| Q3 24 | $3.8B | $2.9B | ||
| Q2 24 | $3.5B | $2.9B | ||
| Q1 24 | $3.7B | $2.9B |
股东权益CLFJBL
| Q4 25 | $6.1B | $1.3B | ||
| Q3 25 | $5.5B | $1.5B | ||
| Q2 25 | $5.8B | $1.3B | ||
| Q1 25 | $6.3B | $1.4B | ||
| Q4 24 | $6.7B | $1.6B | ||
| Q3 24 | $6.9B | $1.7B | ||
| Q2 24 | $7.1B | $2.3B | ||
| Q1 24 | $7.2B | $2.7B |
总资产CLFJBL
| Q4 25 | $20.0B | $19.3B | ||
| Q3 25 | $20.3B | $18.5B | ||
| Q2 25 | $20.5B | $18.6B | ||
| Q1 25 | $20.8B | $17.4B | ||
| Q4 24 | $20.9B | $17.8B | ||
| Q3 24 | $16.8B | $17.4B | ||
| Q2 24 | $16.9B | $17.4B | ||
| Q1 24 | $17.2B | $17.1B |
负债/权益比CLFJBL
| Q4 25 | 1.19× | 2.15× | ||
| Q3 25 | 1.47× | 1.91× | ||
| Q2 25 | 1.33× | 2.24× | ||
| Q1 25 | 1.22× | 2.12× | ||
| Q4 24 | 1.06× | 1.81× | ||
| Q3 24 | 0.55× | 1.66× | ||
| Q2 24 | 0.49× | 1.26× | ||
| Q1 24 | 0.51× | 1.08× |
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 | $323.0M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $228.0M |
| 自由现金流率自由现金流/营收 | -3.5% | 2.7% |
| 资本支出强度资本支出/营收 | 3.2% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.21× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $1.2B |
8季度趋势，按日历期对齐
经营现金流CLFJBL
| Q4 25 | $-13.0M | $323.0M | ||
| Q3 25 | $-143.0M | $588.0M | ||
| Q2 25 | $45.0M | $406.0M | ||
| Q1 25 | $-351.0M | $334.0M | ||
| Q4 24 | $-472.0M | $312.0M | ||
| Q3 24 | $-84.0M | $535.0M | ||
| Q2 24 | $519.0M | $515.0M | ||
| Q1 24 | $142.0M | $218.0M |
自由现金流CLFJBL
| Q4 25 | $-153.0M | $228.0M | ||
| Q3 25 | $-300.0M | $419.0M | ||
| Q2 25 | $-67.0M | $320.0M | ||
| Q1 25 | $-503.0M | $218.0M | ||
| Q4 24 | $-677.0M | $215.0M | ||
| Q3 24 | $-235.0M | $411.0M | ||
| Q2 24 | $362.0M | $409.0M | ||
| Q1 24 | $-40.0M | $-48.0M |
自由现金流率CLFJBL
| Q4 25 | -3.5% | 2.7% | ||
| Q3 25 | -6.3% | 5.1% | ||
| Q2 25 | -1.4% | 4.1% | ||
| Q1 25 | -10.9% | 3.2% | ||
| Q4 24 | -15.7% | 3.1% | ||
| Q3 24 | -5.1% | 5.9% | ||
| Q2 24 | 7.1% | 6.0% | ||
| Q1 24 | -0.8% | -0.7% |
资本支出强度CLFJBL
| Q4 25 | 3.2% | 1.1% | ||
| Q3 25 | 3.3% | 2.0% | ||
| Q2 25 | 2.3% | 1.1% | ||
| Q1 25 | 3.3% | 1.7% | ||
| Q4 24 | 4.7% | 1.4% | ||
| Q3 24 | 3.3% | 1.8% | ||
| Q2 24 | 3.1% | 1.6% | ||
| Q1 24 | 3.5% | 3.9% |
现金转化率CLFJBL
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | — | 1.83× | ||
| Q1 25 | — | 2.85× | ||
| Q4 24 | — | 3.12× | ||
| Q3 24 | — | 3.88× | ||
| Q2 24 | 259.50× | 3.99× | ||
| Q1 24 | — | 0.24× |
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% |
JBL
| Intelligent Infrastructure | $4.0B | 49% |
| Transferred Over Time | $2.9B | 35% |
| Connected Living And Digital Commerce | $1.2B | 15% |
| Transferred At Point In Time | $127.0M | 2% |
