vs
COMMERCIAL METALS Co（CMC）与Deckers Brands（DECK）财务数据对比。点击上方公司名可切换其他公司
COMMERCIAL METALS Co的季度营收约是Deckers Brands的1.1倍（$2.1B vs $2.0B），Deckers Brands净利率更高（24.6% vs 8.4%，领先16.2%），COMMERCIAL METALS Co同比增速更快（11.0% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $78.8M），过去两年Deckers Brands的营收复合增速更高（42.8% 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。
Deckers Brands是1973年成立的美国鞋履设计与分销企业，总部位于加利福尼亚州戈利塔，由道格·奥托与卡尔·F·洛普克共同创立。公司旗下拥有UGG、Teva、Hoka等全球知名鞋履品牌，产品覆盖休闲、户外等多个领域，销往世界多地。
CMC vs DECK — 直观对比
营收规模更大
CMC
是对方的1.1倍
$2.0B
营收增速更快
CMC
高出3.9%
7.1%
净利率更高
DECK
高出16.2%
8.4%
自由现金流更多
DECK
多$941.5M
$78.8M
两年增速更快
DECK
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.0B |
| 净利润 | $177.3M | $481.1M |
| 毛利率 | 19.2% | 59.8% |
| 营业利润率 | 8.6% | 31.4% |
| 净利率 | 8.4% | 24.6% |
| 营收同比 | 11.0% | 7.1% |
| 净利润同比 | 200.9% | 5.3% |
| 每股收益（稀释后） | $1.58 | $3.33 |
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CMCDECK
| Q4 25 | $2.1B | $2.0B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $2.0B | $964.5M | ||
| Q1 25 | $1.8B | $1.0B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $2.1B | $825.3M | ||
| Q1 24 | $1.8B | $959.8M |
净利润CMCDECK
| Q4 25 | $177.3M | $481.1M | ||
| Q3 25 | $151.8M | $268.2M | ||
| Q2 25 | $83.1M | $139.2M | ||
| Q1 25 | $25.5M | $151.4M | ||
| Q4 24 | $-175.7M | $456.7M | ||
| Q3 24 | $103.9M | $242.3M | ||
| Q2 24 | $119.4M | $115.6M | ||
| Q1 24 | $85.8M | $127.5M |
毛利率CMCDECK
| Q4 25 | 19.2% | 59.8% | ||
| Q3 25 | 18.6% | 56.2% | ||
| Q2 25 | 14.8% | 55.8% | ||
| Q1 25 | 12.5% | 56.7% | ||
| Q4 24 | 16.1% | 60.3% | ||
| Q3 24 | 16.2% | 55.9% | ||
| Q2 24 | 16.4% | 56.9% | ||
| Q1 24 | 16.0% | 56.2% |
营业利润率CMCDECK
| Q4 25 | 8.6% | 31.4% | ||
| Q3 25 | 9.1% | 22.8% | ||
| Q2 25 | 5.4% | 17.1% | ||
| Q1 25 | 2.1% | 17.0% | ||
| Q4 24 | -12.1% | 31.0% | ||
| Q3 24 | 6.7% | 23.3% | ||
| Q2 24 | 7.7% | 16.1% | ||
| Q1 24 | 6.3% | 15.0% |
净利率CMCDECK
| Q4 25 | 8.4% | 24.6% | ||
| Q3 25 | 7.2% | 18.7% | ||
| Q2 25 | 4.1% | 14.4% | ||
| Q1 25 | 1.5% | 14.8% | ||
| Q4 24 | -9.2% | 25.0% | ||
| Q3 24 | 5.2% | 18.5% | ||
| Q2 24 | 5.7% | 14.0% | ||
| Q1 24 | 4.6% | 13.3% |
每股收益（稀释后）CMCDECK
| Q4 25 | $1.58 | $3.33 | ||
| Q3 25 | $1.33 | $1.82 | ||
| Q2 25 | $0.73 | $0.93 | ||
| Q1 25 | $0.22 | $-2.78 | ||
| Q4 24 | $-1.54 | $3.00 | ||
| Q3 24 | $0.90 | $1.59 | ||
| Q2 24 | $1.02 | $4.52 | ||
| Q1 24 | $0.73 | $4.82 |
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 | $2.1B |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $4.3B | $2.6B |
| 总资产 | $9.2B | $4.1B |
| 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CMCDECK
| Q4 25 | $1.0B | $2.1B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $893.0M | $1.7B | ||
| Q1 25 | $758.4M | $1.9B | ||
| Q4 24 | $856.1M | $2.2B | ||
| Q3 24 | $857.9M | $1.2B | ||
| Q2 24 | $698.3M | $1.4B | ||
| Q1 24 | $638.3M | $1.5B |
总债务CMCDECK
| 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CMCDECK
| Q4 25 | $4.3B | $2.6B | ||
| Q3 25 | $4.2B | $2.5B | ||
| Q2 25 | $4.1B | $2.5B | ||
| Q1 25 | $4.0B | $2.5B | ||
| Q4 24 | $4.0B | $2.6B | ||
| Q3 24 | $4.3B | $2.2B | ||
| Q2 24 | $4.3B | $2.1B | ||
| Q1 24 | $4.2B | $2.1B |
总资产CMCDECK
| Q4 25 | $9.2B | $4.1B | ||
| Q3 25 | $7.2B | $3.8B | ||
| Q2 25 | $7.0B | $3.8B | ||
| Q1 25 | $6.7B | $3.6B | ||
| Q4 24 | $6.8B | $4.0B | ||
| Q3 24 | $6.8B | $3.4B | ||
| Q2 24 | $6.7B | $3.3B | ||
| Q1 24 | $6.7B | $3.1B |
负债/权益比CMCDECK
| 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 | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $78.8M | $1.0B |
| 自由现金流率自由现金流/营收 | 3.7% | 52.1% |
| 资本支出强度资本支出/营收 | 5.9% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.15× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $296.2M | $929.1M |
8季度趋势，按日历期对齐
经营现金流CMCDECK
| Q4 25 | $204.2M | $1.0B | ||
| Q3 25 | $315.2M | $8.1M | ||
| Q2 25 | $154.4M | $36.1M | ||
| Q1 25 | $32.4M | $-73.0M | ||
| Q4 24 | $213.0M | $1.1B | ||
| Q3 24 | $351.8M | $-90.5M | ||
| Q2 24 | $197.9M | $112.7M | ||
| Q1 24 | $89.0M | $-28.7M |
自由现金流CMCDECK
| Q4 25 | $78.8M | $1.0B | ||
| Q3 25 | $206.3M | $-13.9M | ||
| Q2 25 | $65.0M | $12.2M | ||
| Q1 25 | $-53.8M | $-89.4M | ||
| Q4 24 | $94.8M | $1.1B | ||
| Q3 24 | $270.3M | $-113.4M | ||
| Q2 24 | $115.8M | $90.1M | ||
| Q1 24 | $-4.8M | $-44.0M |
自由现金流率CMCDECK
| Q4 25 | 3.7% | 52.1% | ||
| Q3 25 | 9.8% | -1.0% | ||
| Q2 25 | 3.2% | 1.3% | ||
| Q1 25 | -3.1% | -8.8% | ||
| Q4 24 | 5.0% | 58.6% | ||
| Q3 24 | 13.5% | -8.6% | ||
| Q2 24 | 5.6% | 10.9% | ||
| Q1 24 | -0.3% | -4.6% |
资本支出强度CMCDECK
| Q4 25 | 5.9% | 1.1% | ||
| Q3 25 | 5.2% | 1.5% | ||
| Q2 25 | 4.4% | 2.5% | ||
| Q1 25 | 4.9% | 1.6% | ||
| Q4 24 | 6.2% | 1.3% | ||
| Q3 24 | 4.1% | 1.7% | ||
| Q2 24 | 3.9% | 2.7% | ||
| Q1 24 | 5.1% | 1.6% |
现金转化率CMCDECK
| Q4 25 | 1.15× | 2.17× | ||
| Q3 25 | 2.08× | 0.03× | ||
| Q2 25 | 1.86× | 0.26× | ||
| Q1 25 | 1.27× | -0.48× | ||
| Q4 24 | — | 2.40× | ||
| Q3 24 | 3.39× | -0.37× | ||
| Q2 24 | 1.66× | 0.97× | ||
| Q1 24 | 1.04× | -0.22× |
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% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
