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CLEAN HARBORS INC（CLH）与芝商所（CME）财务数据对比。点击上方公司名可切换其他公司
芝商所的季度营收约是CLEAN HARBORS INC的1.3倍（$1.9B vs $1.5B），CLEAN HARBORS INC净利率更高（5.8% vs 0.1%，领先5.7%），芝商所同比增速更快（14.5% vs 4.8%），过去两年芝商所的营收复合增速更高（10.8% vs 4.4%）
总部位于美国马萨诸塞州诺韦尔的Clean Harbors是专业的商业客户废弃物管理与工业服务提供商，主营危险废弃物的收集、运输、处理及处置业务，同时提供非危险废弃物相关服务，目前在美加两国拥有870个运营网点，及包含焚烧厂、填埋场在内的100余座废弃物处置设施。
芝商所是总部位于美国伊利诺伊州芝加哥的金融服务企业，为全球规模最大的金融衍生品交易所运营商，旗下拥有芝加哥商品交易所、芝加哥期货交易所、纽约商业交易所、纽约商品交易所等交易平台，覆盖农产品、货币、能源等品类交易，同时持有标普道琼斯指数27%的股权。
CLH vs CME — 直观对比
营收规模更大
CME
是对方的1.3倍
$1.5B
营收增速更快
CME
高出9.7%
4.8%
净利率更高
CLH
高出5.7%
0.1%
两年增速更快
CME
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.9B |
| 净利润 | $86.6M | $1.2M |
| 毛利率 | 30.6% | — |
| 营业利润率 | 10.6% | 0.1% |
| 净利率 | 5.8% | 0.1% |
| 营收同比 | 4.8% | 14.5% |
| 净利润同比 | 3.1% | 20.7% |
| 每股收益（稀释后） | $1.62 | — |
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CLHCME
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.6B | $1.5B |
净利润CLHCME
| Q1 26 | — | $1.2M | ||
| Q4 25 | $86.6M | $1.2B | ||
| Q3 25 | $118.8M | $908.0M | ||
| Q2 25 | $126.9M | $1.0B | ||
| Q1 25 | $58.7M | $956.2M | ||
| Q4 24 | $84.0M | $874.6M | ||
| Q3 24 | $115.2M | $912.8M | ||
| Q2 24 | $133.3M | $883.2M |
毛利率CLHCME
| Q1 26 | — | — | ||
| Q4 25 | 30.6% | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 33.3% | — | ||
| Q1 25 | 28.6% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 31.0% | — | ||
| Q2 24 | 33.3% | — |
营业利润率CLHCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 10.6% | 61.8% | ||
| Q3 25 | 12.5% | 63.3% | ||
| Q2 25 | 13.6% | 66.7% | ||
| Q1 25 | 7.8% | 67.5% | ||
| Q4 24 | 9.6% | 62.1% | ||
| Q3 24 | 12.6% | 64.6% | ||
| Q2 24 | 13.9% | 65.3% |
净利率CLHCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 5.8% | 71.7% | ||
| Q3 25 | 7.7% | 59.1% | ||
| Q2 25 | 8.2% | 60.6% | ||
| Q1 25 | 4.1% | 58.2% | ||
| Q4 24 | 5.9% | 57.3% | ||
| Q3 24 | 7.5% | 57.6% | ||
| Q2 24 | 8.6% | 57.6% |
每股收益（稀释后）CLHCME
| Q1 26 | — | — | ||
| Q4 25 | $1.62 | $3.24 | ||
| Q3 25 | $2.21 | $2.49 | ||
| Q2 25 | $2.36 | $2.81 | ||
| Q1 25 | $1.09 | $2.62 | ||
| Q4 24 | $1.55 | $2.40 | ||
| Q3 24 | $2.12 | $2.50 | ||
| Q2 24 | $2.46 | $2.42 |
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 | $127.4M | $2.4B |
| 总债务越低越好 | — | $3.4B |
| 股东权益账面价值 | $2.7B | — |
| 总资产 | $7.6B | $202.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CLHCME
| Q1 26 | — | $2.4B | ||
| Q4 25 | $127.4M | $4.5B | ||
| Q3 25 | $91.2M | $2.6B | ||
| Q2 25 | $98.9M | $2.1B | ||
| Q1 25 | $105.9M | $1.5B | ||
| Q4 24 | $102.6M | $3.0B | ||
| Q3 24 | $82.4M | $2.4B | ||
| Q2 24 | $91.3M | $1.9B |
总债务CLHCME
| Q1 26 | — | $3.4B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CLHCME
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $28.7B | ||
| Q3 25 | $2.8B | $28.2B | ||
| Q2 25 | $2.7B | $27.7B | ||
| Q1 25 | $2.6B | $27.0B | ||
| Q4 24 | $2.6B | $26.5B | ||
| Q3 24 | $2.5B | $28.2B | ||
| Q2 24 | $2.4B | $27.6B |
总资产CLHCME
| Q1 26 | — | $202.0B | ||
| Q4 25 | $7.6B | $198.4B | ||
| Q3 25 | $7.5B | $187.1B | ||
| Q2 25 | $7.4B | $179.9B | ||
| Q1 25 | $7.2B | $157.8B | ||
| Q4 24 | $7.4B | $137.4B | ||
| Q3 24 | $7.3B | $137.8B | ||
| Q2 24 | $7.1B | $123.4B |
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 | $355.1M | — |
| 自由现金流经营现金流 - 资本支出 | $233.3M | — |
| 自由现金流率自由现金流/营收 | 15.6% | — |
| 资本支出强度资本支出/营收 | 8.1% | — |
| 现金转化率经营现金流/净利润 | 4.10× | — |
| 过去12个月自由现金流最近4个季度 | $441.8M | — |
8季度趋势，按日历期对齐
经营现金流CLHCME
| Q1 26 | — | — | ||
| Q4 25 | $355.1M | $1.1B | ||
| Q3 25 | $302.0M | $968.1M | ||
| Q2 25 | $208.0M | $1.1B | ||
| Q1 25 | $1.6M | $1.1B | ||
| Q4 24 | $303.9M | $1.0B | ||
| Q3 24 | $239.2M | $1.0B | ||
| Q2 24 | $216.0M | $776.9M |
自由现金流CLHCME
| Q1 26 | — | — | ||
| Q4 25 | $233.3M | $1.1B | ||
| Q3 25 | $207.5M | $949.7M | ||
| Q2 25 | $118.0M | $1.0B | ||
| Q1 25 | $-117.1M | $1.1B | ||
| Q4 24 | $241.5M | $991.7M | ||
| Q3 24 | $142.4M | $973.2M | ||
| Q2 24 | $80.9M | $758.7M |
自由现金流率CLHCME
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | 66.8% | ||
| Q3 25 | 13.4% | 61.8% | ||
| Q2 25 | 7.6% | 61.5% | ||
| Q1 25 | -8.2% | 67.1% | ||
| Q4 24 | 16.9% | 65.0% | ||
| Q3 24 | 9.3% | 61.4% | ||
| Q2 24 | 5.2% | 49.5% |
资本支出强度CLHCME
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 2.0% | ||
| Q3 25 | 6.1% | 1.2% | ||
| Q2 25 | 5.8% | 1.1% | ||
| Q1 25 | 8.3% | 0.9% | ||
| Q4 24 | 4.4% | 1.7% | ||
| Q3 24 | 6.3% | 1.9% | ||
| Q2 24 | 8.7% | 1.2% |
现金转化率CLHCME
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 0.96× | ||
| Q3 25 | 2.54× | 1.07× | ||
| Q2 25 | 1.64× | 1.03× | ||
| Q1 25 | 0.03× | 1.17× | ||
| Q4 24 | 3.62× | 1.16× | ||
| Q3 24 | 2.08× | 1.10× | ||
| Q2 24 | 1.62× | 0.88× |
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
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
CME
暂无分部数据
