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CMB.TECH NV（CMBT）与Navios Maritime Partners L.P.（NMM）财务数据对比。点击上方公司名可切换其他公司
CMB.TECH NV的季度营收约是Navios Maritime Partners L.P.的1.8倍（$592.8M vs $327.6M）。CMB.TECH NV净利率更高（32.3% vs 21.4%，领先10.9%）。Navios Maritime Partners L.P.同比增速更快（-4.3% vs -34.6%）
CMB.TECH前身为Euronav，是全球知名的原油运输企业，运营超大型油轮（VLCC）、苏伊士型油轮及浮式储卸油装置（FSO），为全球能源产业链提供专业的海上原油运输及存储解决方案，业务布局覆盖主要国际油气运输航线。
Navios Maritime Partners L.P.是一家跨国垂直整合的海运及物流企业，核心业务涵盖铁矿石、煤炭、粮食等干散货大宗商品的运输与中转，在全球海运供应链领域具备成熟的运营能力与资源布局。
CMBT vs NMM — 直观对比
营收规模更大
CMBT
是对方的1.8倍
$327.6M
营收增速更快
NMM
高出30.3%
-34.6%
净利率更高
CMBT
高出10.9%
21.4%
损益表 — Q4 2024 vs Q2 2025
| 指标 | | |
|---|---|---|
| 营收 | $592.8M | $327.6M |
| 净利润 | $191.2M | $69.9M |
| 毛利率 | — | 90.5% |
| 营业利润率 | 46.4% | — |
| 净利率 | 32.3% | 21.4% |
| 营收同比 | -34.6% | -4.3% |
| 净利润同比 | -63.3% | -31.1% |
| 每股收益（稀释后） | $1.01 | — |
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CMBTNMM
| Q2 25 | — | $327.6M | ||
| Q4 24 | $592.8M | — | ||
| Q2 24 | — | $342.2M | ||
| Q4 23 | $905.9M | — | ||
| Q2 23 | — | $346.9M | ||
| Q2 22 | — | $280.7M |
净利润CMBTNMM
| Q2 25 | — | $69.9M | ||
| Q4 24 | $191.2M | — | ||
| Q2 24 | — | $101.5M | ||
| Q4 23 | $521.2M | — | ||
| Q2 23 | — | $112.3M | ||
| Q2 22 | — | $118.2M |
毛利率CMBTNMM
| Q2 25 | — | 90.5% | ||
| Q4 24 | — | — | ||
| Q2 24 | — | 88.3% | ||
| Q4 23 | — | — | ||
| Q2 23 | — | 87.9% | ||
| Q2 22 | — | 92.3% |
营业利润率CMBTNMM
| Q2 25 | — | — | ||
| Q4 24 | 46.4% | — | ||
| Q2 24 | — | — | ||
| Q4 23 | 63.4% | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
净利率CMBTNMM
| Q2 25 | — | 21.4% | ||
| Q4 24 | 32.3% | — | ||
| Q2 24 | — | 29.7% | ||
| Q4 23 | 57.5% | — | ||
| Q2 23 | — | 32.4% | ||
| Q2 22 | — | 42.1% |
每股收益（稀释后）CMBTNMM
| Q2 25 | — | — | ||
| Q4 24 | $1.01 | — | ||
| Q2 24 | — | — | ||
| Q4 23 | $2.58 | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
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 | $38.9M | $377.0M |
| 总债务越低越好 | $2.6B | $2.0B |
| 股东权益账面价值 | $1.2B | — |
| 总资产 | $3.9B | $5.9B |
| 负债/权益比越低杠杆越低 | 2.20× | — |
8季度趋势，按日历期对齐
现金及短期投资CMBTNMM
| Q2 25 | — | $377.0M | ||
| Q4 24 | $38.9M | — | ||
| Q2 24 | — | $272.0M | ||
| Q4 23 | $429.4M | — | ||
| Q2 23 | — | $261.4M | ||
| Q2 22 | — | $163.4M |
总债务CMBTNMM
| Q2 25 | — | $2.0B | ||
| Q4 24 | $2.6B | — | ||
| Q2 24 | — | $1.4B | ||
| Q4 23 | $930.7M | — | ||
| Q2 23 | — | $1.6B | ||
| Q2 22 | — | $1.1B |
股东权益CMBTNMM
| Q2 25 | — | — | ||
| Q4 24 | $1.2B | — | ||
| Q2 24 | — | — | ||
| Q4 23 | $2.4B | — | ||
| Q2 23 | — | $2.6B | ||
| Q2 22 | — | $2.0B |
总资产CMBTNMM
| Q2 25 | — | $5.9B | ||
| Q4 24 | $3.9B | — | ||
| Q2 24 | — | $5.3B | ||
| Q4 23 | $3.4B | — | ||
| Q2 23 | — | $5.0B | ||
| Q2 22 | — | $3.7B |
负债/权益比CMBTNMM
| Q2 25 | — | — | ||
| Q4 24 | 2.20× | — | ||
| Q2 24 | — | — | ||
| Q4 23 | 0.39× | — | ||
| Q2 23 | — | 0.64× | ||
| Q2 22 | — | 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 | $204.4M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.07× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CMBTNMM
| Q2 25 | — | — | ||
| Q4 24 | $204.4M | — | ||
| Q2 24 | — | — | ||
| Q4 23 | $435.8M | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
自由现金流CMBTNMM
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q4 23 | $65.6M | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
自由现金流率CMBTNMM
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q4 23 | 7.2% | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
资本支出强度CMBTNMM
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q4 23 | 40.9% | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
现金转化率CMBTNMM
| Q2 25 | — | — | ||
| Q4 24 | 1.07× | — | ||
| Q2 24 | — | — | ||
| Q4 23 | 0.84× | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
