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CLEVELAND-CLIFFS INC.（CLF）与ServiceNow（NOW）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ServiceNow的1.1倍（$4.3B vs $3.8B），ServiceNow净利率更高（12.4% vs -5.6%，领先18.0%），ServiceNow同比增速更快（2.8% vs -0.3%），ServiceNow自由现金流更多（$1.7B vs $-153.0M），过去两年ServiceNow的营收复合增速更高（19.8% 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。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
CLF vs NOW — 直观对比
营收规模更大
CLF
是对方的1.1倍
$3.8B
营收增速更快
NOW
高出3.1%
-0.3%
净利率更高
NOW
高出18.0%
-5.6%
自由现金流更多
NOW
多$1.8B
$-153.0M
两年增速更快
NOW
近两年复合增速
-8.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $3.8B |
| 净利润 | $-241.0M | $469.0M |
| 毛利率 | -5.0% | 75.1% |
| 营业利润率 | -7.9% | 13.3% |
| 净利率 | -5.6% | 12.4% |
| 营收同比 | -0.3% | 2.8% |
| 净利润同比 | 46.1% | -53.7% |
| 每股收益（稀释后） | — | $1.04 |
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CLFNOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | $4.3B | $3.6B | ||
| Q3 25 | $4.7B | $3.4B | ||
| Q2 25 | $4.9B | $3.2B | ||
| Q1 25 | $4.6B | $3.1B | ||
| Q4 24 | $4.3B | $3.0B | ||
| Q3 24 | $4.6B | $2.8B | ||
| Q2 24 | $5.1B | $2.6B |
净利润CLFNOW
| Q1 26 | — | $469.0M | ||
| Q4 25 | $-241.0M | $401.0M | ||
| Q3 25 | $-251.0M | $502.0M | ||
| Q2 25 | $-470.0M | $385.0M | ||
| Q1 25 | $-483.0M | $460.0M | ||
| Q4 24 | $-447.0M | $384.0M | ||
| Q3 24 | $-242.0M | $432.0M | ||
| Q2 24 | $2.0M | $262.0M |
毛利率CLFNOW
| Q1 26 | — | 75.1% | ||
| Q4 25 | -5.0% | 76.6% | ||
| Q3 25 | -1.0% | 77.3% | ||
| Q2 25 | -4.2% | 77.5% | ||
| Q1 25 | -8.4% | 78.9% | ||
| Q4 24 | -6.3% | 78.7% | ||
| Q3 24 | -2.3% | 79.1% | ||
| Q2 24 | 3.2% | 79.0% |
营业利润率CLFNOW
| Q1 26 | — | 13.3% | ||
| Q4 25 | -7.9% | 12.4% | ||
| Q3 25 | -4.3% | 16.8% | ||
| Q2 25 | -10.1% | 11.1% | ||
| Q1 25 | -11.6% | 14.6% | ||
| Q4 24 | -10.8% | 12.6% | ||
| Q3 24 | -5.7% | 14.9% | ||
| Q2 24 | 0.1% | 9.1% |
净利率CLFNOW
| Q1 26 | — | 12.4% | ||
| Q4 25 | -5.6% | 11.2% | ||
| Q3 25 | -5.3% | 14.7% | ||
| Q2 25 | -9.5% | 12.0% | ||
| Q1 25 | -10.4% | 14.9% | ||
| Q4 24 | -10.3% | 13.0% | ||
| Q3 24 | -5.3% | 15.4% | ||
| Q2 24 | 0.0% | 10.0% |
每股收益（稀释后）CLFNOW
| Q1 26 | — | $1.04 | ||
| Q4 25 | — | $-4.77 | ||
| Q3 25 | $-0.51 | $2.40 | ||
| Q2 25 | — | $1.84 | ||
| Q1 25 | — | $2.20 | ||
| Q4 24 | $-0.91 | $1.84 | ||
| Q3 24 | $-0.52 | $2.07 | ||
| Q2 24 | $0.00 | $1.26 |
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 | $2.7B |
| 总债务越低越好 | $7.3B | — |
| 股东权益账面价值 | $6.1B | $11.7B |
| 总资产 | $20.0B | $24.4B |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资CLFNOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $57.0M | $3.7B | ||
| Q3 25 | $66.0M | $2.7B | ||
| Q2 25 | $61.0M | $3.1B | ||
| Q1 25 | $57.0M | $3.4B | ||
| Q4 24 | $54.0M | $2.3B | ||
| Q3 24 | $39.0M | $1.9B | ||
| Q2 24 | $110.0M | $2.2B |
总债务CLFNOW
| Q1 26 | — | — | ||
| Q4 25 | $7.3B | — | ||
| Q3 25 | $8.0B | — | ||
| Q2 25 | $7.7B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.1B | — | ||
| Q3 24 | $3.8B | — | ||
| Q2 24 | $3.5B | — |
股东权益CLFNOW
| Q1 26 | — | $11.7B | ||
| Q4 25 | $6.1B | $13.0B | ||
| Q3 25 | $5.5B | $11.3B | ||
| Q2 25 | $5.8B | $10.9B | ||
| Q1 25 | $6.3B | $10.1B | ||
| Q4 24 | $6.7B | $9.6B | ||
| Q3 24 | $6.9B | $9.3B | ||
| Q2 24 | $7.1B | $8.7B |
总资产CLFNOW
| Q1 26 | — | $24.4B | ||
| Q4 25 | $20.0B | $26.0B | ||
| Q3 25 | $20.3B | $21.8B | ||
| Q2 25 | $20.5B | $22.1B | ||
| Q1 25 | $20.8B | $21.0B | ||
| Q4 24 | $20.9B | $20.4B | ||
| Q3 24 | $16.8B | $18.4B | ||
| Q2 24 | $16.9B | $18.2B |
负债/权益比CLFNOW
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 1.33× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.49× | — |
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 | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $1.7B |
| 自由现金流率自由现金流/营收 | -3.5% | 44.2% |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 现金转化率经营现金流/净利润 | — | 3.56× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $4.8B |
8季度趋势，按日历期对齐
经营现金流CLFNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $-13.0M | $2.2B | ||
| Q3 25 | $-143.0M | $813.0M | ||
| Q2 25 | $45.0M | $716.0M | ||
| Q1 25 | $-351.0M | $1.7B | ||
| Q4 24 | $-472.0M | $1.6B | ||
| Q3 24 | $-84.0M | $671.0M | ||
| Q2 24 | $519.0M | $620.0M |
自由现金流CLFNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $-153.0M | $2.0B | ||
| Q3 25 | $-300.0M | $578.0M | ||
| Q2 25 | $-67.0M | $526.0M | ||
| Q1 25 | $-503.0M | $1.5B | ||
| Q4 24 | $-677.0M | $1.4B | ||
| Q3 24 | $-235.0M | $469.0M | ||
| Q2 24 | $362.0M | $358.0M |
自由现金流率CLFNOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | -3.5% | 56.1% | ||
| Q3 25 | -6.3% | 17.0% | ||
| Q2 25 | -1.4% | 16.4% | ||
| Q1 25 | -10.9% | 47.7% | ||
| Q4 24 | -15.7% | 46.7% | ||
| Q3 24 | -5.1% | 16.8% | ||
| Q2 24 | 7.1% | 13.6% |
资本支出强度CLFNOW
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 6.7% | ||
| Q3 25 | 3.3% | 6.9% | ||
| Q2 25 | 2.3% | 5.9% | ||
| Q1 25 | 3.3% | 6.6% | ||
| Q4 24 | 4.7% | 8.6% | ||
| Q3 24 | 3.3% | 7.2% | ||
| Q2 24 | 3.1% | 10.0% |
现金转化率CLFNOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | — | 5.58× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 3.65× | ||
| Q4 24 | — | 4.26× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | 259.50× | 2.37× |
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% |
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
