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COMERICA INC（CMA）与FIRST HORIZON CORP（FHN）财务数据对比。点击上方公司名可切换其他公司
FIRST HORIZON CORP的季度营收约是COMERICA INC的4.7倍（$888.0M vs $187.0M）。COMERICA INC净利率更高（94.1% vs 29.4%，领先64.7%）。FIRST HORIZON CORP同比增速更快（21.8% vs -2.1%）。过去两年FIRST HORIZON CORP的营收复合增速更高（4.1% vs -1.3%）
Comerica公司是总部位于美国得克萨斯州达拉斯的金融服务企业，为美国大型金融控股公司之一。旗下Comerica银行为区域性商业银行，在得克萨斯、密歇根、加利福尼亚、佛罗里达、亚利桑那五州共设413家网点，在美国多座城市设有办公场所。
第一地平线公司（前身为第一田纳西银行）是一家成立于1864年的金融服务企业，总部位于美国田纳西州孟菲斯市。该公司通过旗下子公司第一地平线银行开展业务，网点覆盖美国东南部12个州，是该区域第四大区域性银行。
CMA vs FHN — 直观对比
营收规模更大
FHN
是对方的4.7倍
$187.0M
营收增速更快
FHN
高出23.9%
-2.1%
净利率更高
CMA
高出64.7%
29.4%
两年增速更快
FHN
近两年复合增速
-1.3%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $187.0M | $888.0M |
| 净利润 | $176.0M | $261.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 38.5% |
| 净利率 | 94.1% | 29.4% |
| 营收同比 | -2.1% | 21.8% |
| 净利润同比 | -4.3% | 57.2% |
| 每股收益（稀释后） | $1.35 | $0.51 |
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CMAFHN
| Q4 25 | — | $888.0M | ||
| Q3 25 | $187.0M | $889.0M | ||
| Q2 25 | $185.0M | $830.0M | ||
| Q1 25 | $183.0M | $812.0M | ||
| Q4 24 | $191.0M | $729.0M | ||
| Q3 24 | $191.0M | $827.0M | ||
| Q2 24 | $203.0M | $9.0M | ||
| Q1 24 | $187.0M | $819.0M |
净利润CMAFHN
| Q4 25 | — | $261.0M | ||
| Q3 25 | $176.0M | $262.0M | ||
| Q2 25 | $199.0M | $241.0M | ||
| Q1 25 | $172.0M | $218.0M | ||
| Q4 24 | $170.0M | $166.0M | ||
| Q3 24 | $184.0M | $218.0M | ||
| Q2 24 | $206.0M | $199.0M | ||
| Q1 24 | $138.0M | $192.0M |
营业利润率CMAFHN
| Q4 25 | — | 38.5% | ||
| Q3 25 | — | 38.7% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 28.8% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 31.0% |
净利率CMAFHN
| Q4 25 | — | 29.4% | ||
| Q3 25 | 94.1% | 29.5% | ||
| Q2 25 | 107.6% | 29.0% | ||
| Q1 25 | 94.0% | 26.8% | ||
| Q4 24 | 89.0% | 22.8% | ||
| Q3 24 | 96.3% | 26.4% | ||
| Q2 24 | 101.5% | 2211.1% | ||
| Q1 24 | 73.8% | 23.4% |
每股收益（稀释后）CMAFHN
| Q4 25 | — | $0.51 | ||
| Q3 25 | $1.35 | $0.50 | ||
| Q2 25 | $1.42 | $0.45 | ||
| Q1 25 | $1.25 | $0.41 | ||
| Q4 24 | $1.22 | $0.29 | ||
| Q3 24 | $1.33 | $0.40 | ||
| Q2 24 | $1.49 | $0.34 | ||
| Q1 24 | $0.98 | $0.33 |
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 | — | — |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $7.4B | $8.8B |
| 总资产 | $77.4B | $83.9B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
总债务CMAFHN
| Q4 25 | — | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.8B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.1B | — |
股东权益CMAFHN
| Q4 25 | — | $8.8B | ||
| Q3 25 | $7.4B | $8.9B | ||
| Q2 25 | $6.9B | $9.0B | ||
| Q1 25 | $7.1B | $8.7B | ||
| Q4 24 | $6.5B | $8.8B | ||
| Q3 24 | $7.4B | $9.0B | ||
| Q2 24 | $6.2B | $8.7B | ||
| Q1 24 | $6.0B | $8.9B |
总资产CMAFHN
| Q4 25 | — | $83.9B | ||
| Q3 25 | $77.4B | $83.2B | ||
| Q2 25 | $78.0B | $82.1B | ||
| Q1 25 | $77.6B | $81.5B | ||
| Q4 24 | $79.3B | $82.2B | ||
| Q3 24 | $79.7B | $82.6B | ||
| Q2 24 | $79.6B | $82.2B | ||
| Q1 24 | $79.4B | $81.8B |
负债/权益比CMAFHN
| Q4 25 | — | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.18× | — |
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 | $-270.0M | $396.0M |
| 自由现金流经营现金流 - 资本支出 | — | $389.0M |
| 自由现金流率自由现金流/营收 | — | 43.8% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | -1.53× | 1.52× |
| 过去12个月自由现金流最近4个季度 | — | $595.0M |
8季度趋势，按日历期对齐
经营现金流CMAFHN
| Q4 25 | — | $396.0M | ||
| Q3 25 | $-270.0M | $-200.0M | ||
| Q2 25 | $476.0M | $83.0M | ||
| Q1 25 | $273.0M | $349.0M | ||
| Q4 24 | $-354.0M | $191.0M | ||
| Q3 24 | $1.0B | $389.0M | ||
| Q2 24 | $111.0M | $-150.0M | ||
| Q1 24 | $-205.0M | $838.0M |
自由现金流CMAFHN
| Q4 25 | — | $389.0M | ||
| Q3 25 | — | $-208.0M | ||
| Q2 25 | — | $74.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $174.0M | ||
| Q3 24 | — | $383.0M | ||
| Q2 24 | — | $-161.0M | ||
| Q1 24 | — | $828.0M |
自由现金流率CMAFHN
| Q4 25 | — | 43.8% | ||
| Q3 25 | — | -23.4% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 41.9% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | -1788.9% | ||
| Q1 24 | — | 101.1% |
资本支出强度CMAFHN
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 122.2% | ||
| Q1 24 | — | 1.2% |
现金转化率CMAFHN
| Q4 25 | — | 1.52× | ||
| Q3 25 | -1.53× | -0.76× | ||
| Q2 25 | 2.39× | 0.34× | ||
| Q1 25 | 1.59× | 1.60× | ||
| Q4 24 | -2.08× | 1.15× | ||
| Q3 24 | 5.70× | 1.78× | ||
| Q2 24 | 0.54× | -0.75× | ||
| Q1 24 | -1.49× | 4.36× |
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
CMA
| Business Bank | $93.0M | 50% |
| Credit And Debit Card | $47.0M | 25% |
| Retail Bank | $28.0M | 15% |
| Capital Markets | $9.0M | 5% |
| Other | $6.0M | 3% |
| Commercial Loan | $3.0M | 2% |
| Brokerage Commissions Revenue | $1.0M | 1% |
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
