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COMMERCIAL METALS Co（CMC）与DoorDash（DASH）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是COMMERCIAL METALS Co的1.9倍（$4.0B vs $2.1B），COMMERCIAL METALS Co净利率更高（8.4% vs 5.4%，领先3.0%），DoorDash同比增速更快（37.7% vs 11.0%），DoorDash自由现金流更多（$367.0M vs $78.8M），过去两年DoorDash的营收复合增速更高（25.5% vs 7.1%）
商业金属公司（CMC）总部位于美国得克萨斯州欧文市，主营钢筋及相关建筑材料，与纽柯公司同为美国房屋、桥梁、道路等基础设施领域混凝土加固用钢材的两大核心供应商，旗下还拥有地基系统生产商Tensar，产品可用于道路、公共基建及工业设施建设。
DoorDash是美国头部在线订餐及配送平台，也是美国规模最大的外卖配送服务商，占据当地外卖配送市场56%的份额，便民配送品类市场占比更是高达60%。截至2020年12月31日，平台合作商户超45万家，服务消费者超2000万，注册配送员数量突破100万。
CMC vs DASH — 直观对比
营收规模更大
DASH
是对方的1.9倍
$2.1B
营收增速更快
DASH
高出26.6%
11.0%
净利率更高
CMC
高出3.0%
5.4%
自由现金流更多
DASH
多$288.3M
$78.8M
两年增速更快
DASH
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $4.0B |
| 净利润 | $177.3M | $213.0M |
| 毛利率 | 19.2% | — |
| 营业利润率 | 8.6% | 3.7% |
| 净利率 | 8.4% | 5.4% |
| 营收同比 | 11.0% | 37.7% |
| 净利润同比 | 200.9% | 51.1% |
| 每股收益（稀释后） | $1.58 | $0.49 |
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CMCDASH
| Q4 25 | $2.1B | $4.0B | ||
| Q3 25 | $2.1B | $3.4B | ||
| Q2 25 | $2.0B | $3.3B | ||
| Q1 25 | $1.8B | $3.0B | ||
| Q4 24 | $1.9B | $2.9B | ||
| Q3 24 | $2.0B | $2.7B | ||
| Q2 24 | $2.1B | $2.6B | ||
| Q1 24 | $1.8B | $2.5B |
净利润CMCDASH
| Q4 25 | $177.3M | $213.0M | ||
| Q3 25 | $151.8M | $244.0M | ||
| Q2 25 | $83.1M | $285.0M | ||
| Q1 25 | $25.5M | $193.0M | ||
| Q4 24 | $-175.7M | $141.0M | ||
| Q3 24 | $103.9M | $162.0M | ||
| Q2 24 | $119.4M | $-157.0M | ||
| Q1 24 | $85.8M | $-23.0M |
毛利率CMCDASH
| Q4 25 | 19.2% | — | ||
| Q3 25 | 18.6% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 12.5% | — | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | 16.4% | — | ||
| Q1 24 | 16.0% | — |
营业利润率CMCDASH
| Q4 25 | 8.6% | 3.7% | ||
| Q3 25 | 9.1% | 7.5% | ||
| Q2 25 | 5.4% | 5.0% | ||
| Q1 25 | 2.1% | 5.1% | ||
| Q4 24 | -12.1% | 4.1% | ||
| Q3 24 | 6.7% | 4.0% | ||
| Q2 24 | 7.7% | -7.6% | ||
| Q1 24 | 6.3% | -2.4% |
净利率CMCDASH
| Q4 25 | 8.4% | 5.4% | ||
| Q3 25 | 7.2% | 7.1% | ||
| Q2 25 | 4.1% | 8.7% | ||
| Q1 25 | 1.5% | 6.4% | ||
| Q4 24 | -9.2% | 4.9% | ||
| Q3 24 | 5.2% | 6.0% | ||
| Q2 24 | 5.7% | -6.0% | ||
| Q1 24 | 4.6% | -0.9% |
每股收益（稀释后）CMCDASH
| Q4 25 | $1.58 | $0.49 | ||
| Q3 25 | $1.33 | $0.55 | ||
| Q2 25 | $0.73 | $0.65 | ||
| Q1 25 | $0.22 | $0.44 | ||
| Q4 24 | $-1.54 | $0.35 | ||
| Q3 24 | $0.90 | $0.38 | ||
| Q2 24 | $1.02 | $-0.38 | ||
| Q1 24 | $0.73 | $-0.06 |
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 | $1.0B | $4.4B |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $4.3B | $10.0B |
| 总资产 | $9.2B | $19.7B |
| 负债/权益比越低杠杆越低 | 0.77× | — |
8季度趋势，按日历期对齐
现金及短期投资CMCDASH
| Q4 25 | $1.0B | $4.4B | ||
| Q3 25 | $1.0B | $3.3B | ||
| Q2 25 | $893.0M | $3.9B | ||
| Q1 25 | $758.4M | $4.5B | ||
| Q4 24 | $856.1M | $4.0B | ||
| Q3 24 | $857.9M | $3.7B | ||
| Q2 24 | $698.3M | $3.4B | ||
| Q1 24 | $638.3M | $3.1B |
总债务CMCDASH
| Q4 25 | $3.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
股东权益CMCDASH
| Q4 25 | $4.3B | $10.0B | ||
| Q3 25 | $4.2B | $9.5B | ||
| Q2 25 | $4.1B | $8.9B | ||
| Q1 25 | $4.0B | $8.4B | ||
| Q4 24 | $4.0B | $7.8B | ||
| Q3 24 | $4.3B | $7.6B | ||
| Q2 24 | $4.3B | $7.2B | ||
| Q1 24 | $4.2B | $7.0B |
总资产CMCDASH
| Q4 25 | $9.2B | $19.7B | ||
| Q3 25 | $7.2B | $18.0B | ||
| Q2 25 | $7.0B | $16.9B | ||
| Q1 25 | $6.7B | $13.6B | ||
| Q4 24 | $6.8B | $12.8B | ||
| Q3 24 | $6.8B | $12.3B | ||
| Q2 24 | $6.7B | $11.8B | ||
| Q1 24 | $6.7B | $11.4B |
负债/权益比CMCDASH
| Q4 25 | 0.77× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.32× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.27× | — |
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 | $204.2M | $421.0M |
| 自由现金流经营现金流 - 资本支出 | $78.8M | $367.0M |
| 自由现金流率自由现金流/营收 | 3.7% | 9.3% |
| 资本支出强度资本支出/营收 | 5.9% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.15× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $296.2M | $2.2B |
8季度趋势，按日历期对齐
经营现金流CMCDASH
| Q4 25 | $204.2M | $421.0M | ||
| Q3 25 | $315.2M | $871.0M | ||
| Q2 25 | $154.4M | $504.0M | ||
| Q1 25 | $32.4M | $635.0M | ||
| Q4 24 | $213.0M | $518.0M | ||
| Q3 24 | $351.8M | $531.0M | ||
| Q2 24 | $197.9M | $530.0M | ||
| Q1 24 | $89.0M | $553.0M |
自由现金流CMCDASH
| Q4 25 | $78.8M | $367.0M | ||
| Q3 25 | $206.3M | $808.0M | ||
| Q2 25 | $65.0M | $438.0M | ||
| Q1 25 | $-53.8M | $561.0M | ||
| Q4 24 | $94.8M | $486.0M | ||
| Q3 24 | $270.3M | $499.0M | ||
| Q2 24 | $115.8M | $507.0M | ||
| Q1 24 | $-4.8M | $536.0M |
自由现金流率CMCDASH
| Q4 25 | 3.7% | 9.3% | ||
| Q3 25 | 9.8% | 23.4% | ||
| Q2 25 | 3.2% | 13.3% | ||
| Q1 25 | -3.1% | 18.5% | ||
| Q4 24 | 5.0% | 16.9% | ||
| Q3 24 | 13.5% | 18.4% | ||
| Q2 24 | 5.6% | 19.3% | ||
| Q1 24 | -0.3% | 21.3% |
资本支出强度CMCDASH
| Q4 25 | 5.9% | 1.4% | ||
| Q3 25 | 5.2% | 1.8% | ||
| Q2 25 | 4.4% | 2.0% | ||
| Q1 25 | 4.9% | 2.4% | ||
| Q4 24 | 6.2% | 1.1% | ||
| Q3 24 | 4.1% | 1.2% | ||
| Q2 24 | 3.9% | 0.9% | ||
| Q1 24 | 5.1% | 0.7% |
现金转化率CMCDASH
| Q4 25 | 1.15× | 1.98× | ||
| Q3 25 | 2.08× | 3.57× | ||
| Q2 25 | 1.86× | 1.77× | ||
| Q1 25 | 1.27× | 3.29× | ||
| Q4 24 | — | 3.67× | ||
| Q3 24 | 3.39× | 3.28× | ||
| Q2 24 | 1.66× | — | ||
| Q1 24 | 1.04× | — |
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
CMC
| Steel Products | $670.8M | 32% |
| Downstream Products | $505.3M | 24% |
| Construction Solutions Group | $314.4M | 15% |
| Europe Steel Group | $200.0M | 9% |
| Precast Products | $141.6M | 7% |
| Construction Products | $78.4M | 4% |
| Foley Products Company LLC | $75.1M | 4% |
| Concrete Pipe And Precast LLC | $69.4M | 3% |
| Ground Stabilization Products | $49.9M | 2% |
DASH
暂无分部数据
