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CLEVELAND-CLIFFS INC.（CLF）与淡水河谷（VALE）财务数据对比。点击上方公司名可切换其他公司
淡水河谷的季度营收约是CLEVELAND-CLIFFS INC.的2.0倍（$8.8B vs $4.3B）。淡水河谷净利率更高（24.3% vs -5.6%，领先29.8%）。CLEVELAND-CLIFFS INC.同比增速更快（-0.3% vs -11.3%）
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。
淡水河谷是巴西跨国金属矿业集团，也是巴西大型物流运营商之一，为全球最大的铁矿石和镍生产商。其产品线还覆盖锰、铁合金、铜、铝土矿、钾肥、高岭土、钴等，同时运营水电站及铁路、船舶、港口组成的庞大物流网络保障产品运输。
CLF vs VALE — 直观对比
营收规模更大
VALE
是对方的2.0倍
$4.3B
营收增速更快
CLF
高出11.0%
-11.3%
净利率更高
VALE
高出29.8%
-5.6%
损益表 — Q4 2025 vs Q2 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $8.8B |
| 净利润 | $-241.0M | $2.1B |
| 毛利率 | -5.0% | 30.9% |
| 营业利润率 | -7.9% | 22.8% |
| 净利率 | -5.6% | 24.3% |
| 营收同比 | -0.3% | -11.3% |
| 净利润同比 | 46.1% | -22.9% |
| 每股收益（稀释后） | — | $0.50 |
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CLFVALE
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $4.9B | $8.8B | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $5.1B | $9.9B | ||
| Q1 24 | $5.2B | — |
净利润CLFVALE
| Q4 25 | $-241.0M | — | ||
| Q3 25 | $-251.0M | — | ||
| Q2 25 | $-470.0M | $2.1B | ||
| Q1 25 | $-483.0M | — | ||
| Q4 24 | $-447.0M | — | ||
| Q3 24 | $-242.0M | — | ||
| Q2 24 | $2.0M | $2.8B | ||
| Q1 24 | $-67.0M | — |
毛利率CLFVALE
| Q4 25 | -5.0% | — | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | -4.2% | 30.9% | ||
| Q1 25 | -8.4% | — | ||
| Q4 24 | -6.3% | — | ||
| Q3 24 | -2.3% | — | ||
| Q2 24 | 3.2% | 36.0% | ||
| Q1 24 | 5.5% | — |
营业利润率CLFVALE
| Q4 25 | -7.9% | — | ||
| Q3 25 | -4.3% | — | ||
| Q2 25 | -10.1% | 22.8% | ||
| Q1 25 | -11.6% | — | ||
| Q4 24 | -10.8% | — | ||
| Q3 24 | -5.7% | — | ||
| Q2 24 | 0.1% | 39.1% | ||
| Q1 24 | -0.7% | — |
净利率CLFVALE
| Q4 25 | -5.6% | — | ||
| Q3 25 | -5.3% | — | ||
| Q2 25 | -9.5% | 24.3% | ||
| Q1 25 | -10.4% | — | ||
| Q4 24 | -10.3% | — | ||
| Q3 24 | -5.3% | — | ||
| Q2 24 | 0.0% | 27.9% | ||
| Q1 24 | -1.3% | — |
每股收益（稀释后）CLFVALE
| Q4 25 | — | — | ||
| Q3 25 | $-0.51 | — | ||
| Q2 25 | — | $0.50 | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.91 | — | ||
| Q3 24 | $-0.52 | — | ||
| Q2 24 | $0.00 | $0.65 | ||
| Q1 24 | $-0.14 | — |
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 | $5.5B |
| 总债务越低越好 | $7.3B | — |
| 股东权益账面价值 | $6.1B | $40.5B |
| 总资产 | $20.0B | $90.4B |
| 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CLFVALE
| Q4 25 | $57.0M | — | ||
| Q3 25 | $66.0M | — | ||
| Q2 25 | $61.0M | $5.5B | ||
| Q1 25 | $57.0M | — | ||
| Q4 24 | $54.0M | — | ||
| Q3 24 | $39.0M | — | ||
| Q2 24 | $110.0M | $6.5B | ||
| Q1 24 | $30.0M | — |
总债务CLFVALE
| 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 | — | ||
| Q1 24 | $3.7B | — |
股东权益CLFVALE
| Q4 25 | $6.1B | — | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.8B | $40.5B | ||
| Q1 25 | $6.3B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.9B | — | ||
| Q2 24 | $7.1B | $38.4B | ||
| Q1 24 | $7.2B | — |
总资产CLFVALE
| Q4 25 | $20.0B | — | ||
| Q3 25 | $20.3B | — | ||
| Q2 25 | $20.5B | $90.4B | ||
| Q1 25 | $20.8B | — | ||
| Q4 24 | $20.9B | — | ||
| Q3 24 | $16.8B | — | ||
| Q2 24 | $16.9B | $86.6B | ||
| Q1 24 | $17.2B | — |
负债/权益比CLFVALE
| 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× | — | ||
| Q1 24 | 0.51× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | — |
| 自由现金流率自由现金流/营收 | -3.5% | — |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $-1.0B | — |
8季度趋势，按日历期对齐
经营现金流CLFVALE
| Q4 25 | $-13.0M | — | ||
| Q3 25 | $-143.0M | — | ||
| Q2 25 | $45.0M | — | ||
| Q1 25 | $-351.0M | — | ||
| Q4 24 | $-472.0M | — | ||
| Q3 24 | $-84.0M | — | ||
| Q2 24 | $519.0M | — | ||
| Q1 24 | $142.0M | — |
自由现金流CLFVALE
| Q4 25 | $-153.0M | — | ||
| Q3 25 | $-300.0M | — | ||
| Q2 25 | $-67.0M | — | ||
| Q1 25 | $-503.0M | — | ||
| Q4 24 | $-677.0M | — | ||
| Q3 24 | $-235.0M | — | ||
| Q2 24 | $362.0M | — | ||
| Q1 24 | $-40.0M | — |
自由现金流率CLFVALE
| Q4 25 | -3.5% | — | ||
| Q3 25 | -6.3% | — | ||
| Q2 25 | -1.4% | — | ||
| Q1 25 | -10.9% | — | ||
| Q4 24 | -15.7% | — | ||
| Q3 24 | -5.1% | — | ||
| Q2 24 | 7.1% | — | ||
| Q1 24 | -0.8% | — |
资本支出强度CLFVALE
| Q4 25 | 3.2% | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 3.5% | — |
现金转化率CLFVALE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 259.50× | — | ||
| 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% |
VALE
暂无分部数据
