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CLEVELAND-CLIFFS INC.（CLF）与嘉信理财（SCHW）财务数据对比。点击上方公司名可切换其他公司
嘉信理财的季度营收约是CLEVELAND-CLIFFS INC.的1.5倍（$6.3B vs $4.3B），嘉信理财净利率更高（38.8% vs -5.6%，领先44.4%），嘉信理财同比增速更快（18.9% vs -0.3%），CLEVELAND-CLIFFS INC.自由现金流更多（$-153.0M vs $-921.0M），过去两年嘉信理财的营收复合增速更高（15.6% 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。
嘉信理财是美国领先的金融服务企业，面向个人投资者、独立财务顾问及企业客户，提供零售与机构经纪、财富管理、银行服务、退休规划、投资咨询等解决方案，主打低成本高可及性的金融产品与数字化理财工具。
CLF vs SCHW — 直观对比
营收规模更大
SCHW
是对方的1.5倍
$4.3B
营收增速更快
SCHW
高出19.2%
-0.3%
净利率更高
SCHW
高出44.4%
-5.6%
自由现金流更多
CLF
多$768.0M
$-921.0M
两年增速更快
SCHW
近两年复合增速
-8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $6.3B |
| 净利润 | $-241.0M | $2.5B |
| 毛利率 | -5.0% | — |
| 营业利润率 | -7.9% | 50.2% |
| 净利率 | -5.6% | 38.8% |
| 营收同比 | -0.3% | 18.9% |
| 净利润同比 | 46.1% | 33.6% |
| 每股收益（稀释后） | — | $1.32 |
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CLFSCHW
| Q4 25 | $4.3B | $6.3B | ||
| Q3 25 | $4.7B | $6.1B | ||
| Q2 25 | $4.9B | $5.9B | ||
| Q1 25 | $4.6B | $5.6B | ||
| Q4 24 | $4.3B | $5.3B | ||
| Q3 24 | $4.6B | $4.8B | ||
| Q2 24 | $5.1B | $4.7B | ||
| Q1 24 | $5.2B | $4.7B |
净利润CLFSCHW
| Q4 25 | $-241.0M | $2.5B | ||
| Q3 25 | $-251.0M | $2.4B | ||
| Q2 25 | $-470.0M | $2.1B | ||
| Q1 25 | $-483.0M | $1.9B | ||
| Q4 24 | $-447.0M | $1.8B | ||
| Q3 24 | $-242.0M | $1.4B | ||
| Q2 24 | $2.0M | $1.3B | ||
| Q1 24 | $-67.0M | $1.4B |
毛利率CLFSCHW
| Q4 25 | -5.0% | — | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | -4.2% | — | ||
| Q1 25 | -8.4% | — | ||
| Q4 24 | -6.3% | — | ||
| Q3 24 | -2.3% | — | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 5.5% | — |
营业利润率CLFSCHW
| Q4 25 | -7.9% | 50.2% | ||
| Q3 25 | -4.3% | 49.2% | ||
| Q2 25 | -10.1% | 47.9% | ||
| Q1 25 | -11.6% | 43.8% | ||
| Q4 24 | -10.8% | 43.3% | ||
| Q3 24 | -5.7% | 38.0% | ||
| Q2 24 | 0.1% | 37.2% | ||
| Q1 24 | -0.7% | 37.9% |
净利率CLFSCHW
| Q4 25 | -5.6% | 38.8% | ||
| Q3 25 | -5.3% | 38.4% | ||
| Q2 25 | -9.5% | 36.3% | ||
| Q1 25 | -10.4% | 34.1% | ||
| Q4 24 | -10.3% | 34.5% | ||
| Q3 24 | -5.3% | 29.0% | ||
| Q2 24 | 0.0% | 28.4% | ||
| Q1 24 | -1.3% | 28.7% |
每股收益（稀释后）CLFSCHW
| Q4 25 | — | $1.32 | ||
| Q3 25 | $-0.51 | $1.26 | ||
| Q2 25 | — | $1.08 | ||
| Q1 25 | — | $0.99 | ||
| Q4 24 | $-0.91 | $0.94 | ||
| Q3 24 | $-0.52 | $0.71 | ||
| Q2 24 | $0.00 | $0.66 | ||
| Q1 24 | $-0.14 | $0.68 |
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 | $46.0B |
| 总债务越低越好 | $7.3B | $22.2B |
| 股东权益账面价值 | $6.1B | $49.4B |
| 总资产 | $20.0B | $491.0B |
| 负债/权益比越低杠杆越低 | 1.19× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资CLFSCHW
| Q4 25 | $57.0M | $46.0B | ||
| Q3 25 | $66.0M | $30.6B | ||
| Q2 25 | $61.0M | $32.2B | ||
| Q1 25 | $57.0M | $35.0B | ||
| Q4 24 | $54.0M | $42.1B | ||
| Q3 24 | $39.0M | $34.9B | ||
| Q2 24 | $110.0M | $25.4B | ||
| Q1 24 | $30.0M | $31.8B |
总债务CLFSCHW
| Q4 25 | $7.3B | $22.2B | ||
| Q3 25 | $8.0B | $20.2B | ||
| Q2 25 | $7.7B | $20.2B | ||
| Q1 25 | $7.6B | $21.5B | ||
| Q4 24 | $7.1B | $22.4B | ||
| Q3 24 | $3.8B | $22.4B | ||
| Q2 24 | $3.5B | $22.4B | ||
| Q1 24 | $3.7B | $22.9B |
股东权益CLFSCHW
| Q4 25 | $6.1B | $49.4B | ||
| Q3 25 | $5.5B | $49.4B | ||
| Q2 25 | $5.8B | $49.5B | ||
| Q1 25 | $6.3B | $49.5B | ||
| Q4 24 | $6.7B | $48.4B | ||
| Q3 24 | $6.9B | $47.2B | ||
| Q2 24 | $7.1B | $44.0B | ||
| Q1 24 | $7.2B | $42.4B |
总资产CLFSCHW
| Q4 25 | $20.0B | $491.0B | ||
| Q3 25 | $20.3B | $465.3B | ||
| Q2 25 | $20.5B | $458.9B | ||
| Q1 25 | $20.8B | $462.9B | ||
| Q4 24 | $20.9B | $479.8B | ||
| Q3 24 | $16.8B | $466.1B | ||
| Q2 24 | $16.9B | $449.7B | ||
| Q1 24 | $17.2B | $468.8B |
负债/权益比CLFSCHW
| Q4 25 | 1.19× | 0.45× | ||
| Q3 25 | 1.47× | 0.41× | ||
| Q2 25 | 1.33× | 0.41× | ||
| Q1 25 | 1.22× | 0.43× | ||
| Q4 24 | 1.06× | 0.46× | ||
| Q3 24 | 0.55× | 0.48× | ||
| Q2 24 | 0.49× | 0.51× | ||
| Q1 24 | 0.51× | 0.54× |
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 | $-763.0M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $-921.0M |
| 自由现金流率自由现金流/营收 | -3.5% | -14.5% |
| 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 | — | -0.31× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $8.8B |
8季度趋势，按日历期对齐
经营现金流CLFSCHW
| Q4 25 | $-13.0M | $-763.0M | ||
| Q3 25 | $-143.0M | $538.0M | ||
| Q2 25 | $45.0M | $3.2B | ||
| Q1 25 | $-351.0M | $6.4B | ||
| Q4 24 | $-472.0M | $-10.8B | ||
| Q3 24 | $-84.0M | $19.1B | ||
| Q2 24 | $519.0M | $-4.3B | ||
| Q1 24 | $142.0M | $-1.3B |
自由现金流CLFSCHW
| Q4 25 | $-153.0M | $-921.0M | ||
| Q3 25 | $-300.0M | $393.0M | ||
| Q2 25 | $-67.0M | $3.0B | ||
| Q1 25 | $-503.0M | $6.2B | ||
| Q4 24 | $-677.0M | $-11.1B | ||
| Q3 24 | $-235.0M | $19.0B | ||
| Q2 24 | $362.0M | $-4.3B | ||
| Q1 24 | $-40.0M | $-1.5B |
自由现金流率CLFSCHW
| Q4 25 | -3.5% | -14.5% | ||
| Q3 25 | -6.3% | 6.4% | ||
| Q2 25 | -1.4% | 52.1% | ||
| Q1 25 | -10.9% | 111.5% | ||
| Q4 24 | -15.7% | -207.9% | ||
| Q3 24 | -5.1% | 391.4% | ||
| Q2 24 | 7.1% | -92.6% | ||
| Q1 24 | -0.8% | -31.6% |
资本支出强度CLFSCHW
| Q4 25 | 3.2% | 2.5% | ||
| Q3 25 | 3.3% | 2.4% | ||
| Q2 25 | 2.3% | 2.2% | ||
| Q1 25 | 3.3% | 2.1% | ||
| Q4 24 | 4.7% | 4.8% | ||
| Q3 24 | 3.3% | 2.6% | ||
| Q2 24 | 3.1% | 1.9% | ||
| Q1 24 | 3.5% | 3.1% |
现金转化率CLFSCHW
| Q4 25 | — | -0.31× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 1.49× | ||
| Q1 25 | — | 3.33× | ||
| Q4 24 | — | -5.88× | ||
| Q3 24 | — | 13.56× | ||
| Q2 24 | 259.50× | -3.19× | ||
| Q1 24 | — | -0.99× |
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% |
SCHW
| Investor Services | $5.0B | 79% |
| Order Flow Revenue | $531.0M | 8% |
| Commissions | $482.0M | 8% |
| Other | $127.0M | 2% |
| Financial Service Other | $100.0M | 2% |
| Principal Transactions | $53.0M | 1% |
