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COMMERCIAL METALS Co（CMC）与亿客行集团（EXPE）财务数据对比。点击上方公司名可切换其他公司
亿客行集团的季度营收约是COMMERCIAL METALS Co的1.7倍（$3.5B vs $2.1B），COMMERCIAL METALS Co净利率更高（8.4% vs 5.8%，领先2.6%），亿客行集团同比增速更快（18.7% vs 11.0%），过去两年COMMERCIAL METALS Co的营收复合增速更高（7.1% vs -0.2%）
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。
亿客行集团是总部位于美国西雅图的在线旅游服务商，旗下旅行预订平台Expedia于1996年由微软推出。用户可通过其官方网站及移动应用预订机票、酒店、租车、邮轮、特色活动及度假短租等产品，为全球消费者提供便捷的一站式旅行服务解决方案。
CMC vs EXPE — 直观对比
营收规模更大
EXPE
是对方的1.7倍
$2.1B
营收增速更快
EXPE
高出7.7%
11.0%
净利率更高
CMC
高出2.6%
5.8%
两年增速更快
CMC
近两年复合增速
-0.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.5B |
| 净利润 | $177.3M | $205.0M |
| 毛利率 | 19.2% | — |
| 营业利润率 | 8.6% | 11.8% |
| 净利率 | 8.4% | 5.8% |
| 营收同比 | 11.0% | 18.7% |
| 净利润同比 | 200.9% | 202.5% |
| 每股收益（稀释后） | $1.58 | $1.56 |
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CMCEXPE
| Q1 26 | — | $3.5B | ||
| Q4 25 | $2.1B | $3.5B | ||
| Q3 25 | $2.1B | $4.4B | ||
| Q2 25 | $2.0B | $3.8B | ||
| Q1 25 | $1.8B | $3.0B | ||
| Q4 24 | $1.9B | $3.2B | ||
| Q3 24 | $2.0B | $4.1B | ||
| Q2 24 | $2.1B | $3.6B |
净利润CMCEXPE
| Q1 26 | — | $205.0M | ||
| Q4 25 | $177.3M | $205.0M | ||
| Q3 25 | $151.8M | $959.0M | ||
| Q2 25 | $83.1M | $330.0M | ||
| Q1 25 | $25.5M | $-200.0M | ||
| Q4 24 | $-175.7M | $299.0M | ||
| Q3 24 | $103.9M | $684.0M | ||
| Q2 24 | $119.4M | $386.0M |
毛利率CMCEXPE
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CMCEXPE
| Q1 26 | — | 11.8% | ||
| Q4 25 | 8.6% | 11.8% | ||
| Q3 25 | 9.1% | 23.5% | ||
| Q2 25 | 5.4% | 12.8% | ||
| Q1 25 | 2.1% | -2.3% | ||
| Q4 24 | -12.1% | 6.8% | ||
| Q3 24 | 6.7% | 18.8% | ||
| Q2 24 | 7.7% | 12.7% |
净利率CMCEXPE
| Q1 26 | — | 5.8% | ||
| Q4 25 | 8.4% | 5.8% | ||
| Q3 25 | 7.2% | 21.7% | ||
| Q2 25 | 4.1% | 8.7% | ||
| Q1 25 | 1.5% | -6.7% | ||
| Q4 24 | -9.2% | 9.4% | ||
| Q3 24 | 5.2% | 16.8% | ||
| Q2 24 | 5.7% | 10.8% |
每股收益（稀释后）CMCEXPE
| Q1 26 | — | $1.56 | ||
| Q4 25 | $1.58 | $1.56 | ||
| Q3 25 | $1.33 | $7.33 | ||
| Q2 25 | $0.73 | $2.48 | ||
| Q1 25 | $0.22 | $-1.56 | ||
| Q4 24 | $-1.54 | $2.10 | ||
| Q3 24 | $0.90 | $5.04 | ||
| Q2 24 | $1.02 | $2.80 |
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 | $5.7B |
| 总债务越低越好 | $3.3B | $6.2B |
| 股东权益账面价值 | $4.3B | $1.3B |
| 总资产 | $9.2B | $24.5B |
| 负债/权益比越低杠杆越低 | 0.77× | 4.80× |
8季度趋势，按日历期对齐
现金及短期投资CMCEXPE
| Q1 26 | — | $5.7B | ||
| Q4 25 | $1.0B | $5.7B | ||
| Q3 25 | $1.0B | $6.2B | ||
| Q2 25 | $893.0M | $6.7B | ||
| Q1 25 | $758.4M | $6.1B | ||
| Q4 24 | $856.1M | $4.5B | ||
| Q3 24 | $857.9M | $4.9B | ||
| Q2 24 | $698.3M | $6.3B |
总债务CMCEXPE
| Q1 26 | — | $6.2B | ||
| Q4 25 | $3.3B | $6.2B | ||
| Q3 25 | $1.3B | $6.2B | ||
| Q2 25 | $1.3B | $6.2B | ||
| Q1 25 | $1.2B | $6.2B | ||
| Q4 24 | $1.1B | $6.3B | ||
| Q3 24 | $1.2B | $6.3B | ||
| Q2 24 | $1.1B | $6.3B |
股东权益CMCEXPE
| Q1 26 | — | $1.3B | ||
| Q4 25 | $4.3B | $1.3B | ||
| Q3 25 | $4.2B | $1.3B | ||
| Q2 25 | $4.1B | $836.0M | ||
| Q1 25 | $4.0B | $1.1B | ||
| Q4 24 | $4.0B | $1.6B | ||
| Q3 24 | $4.3B | $1.3B | ||
| Q2 24 | $4.3B | $889.0M |
总资产CMCEXPE
| Q1 26 | — | $24.5B | ||
| Q4 25 | $9.2B | $24.5B | ||
| Q3 25 | $7.2B | $25.1B | ||
| Q2 25 | $7.0B | $27.0B | ||
| Q1 25 | $6.7B | $26.1B | ||
| Q4 24 | $6.8B | $22.4B | ||
| Q3 24 | $6.8B | $23.4B | ||
| Q2 24 | $6.7B | $25.9B |
负债/权益比CMCEXPE
| Q1 26 | — | 4.80× | ||
| Q4 25 | 0.77× | 4.80× | ||
| Q3 25 | 0.31× | 4.65× | ||
| Q2 25 | 0.32× | 7.43× | ||
| Q1 25 | 0.29× | 5.79× | ||
| Q4 24 | 0.29× | 4.02× | ||
| Q3 24 | 0.27× | 4.74× | ||
| Q2 24 | 0.27× | 7.04× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $78.8M | — |
| 自由现金流率自由现金流/营收 | 3.7% | — |
| 资本支出强度资本支出/营收 | 5.9% | — |
| 现金转化率经营现金流/净利润 | 1.15× | — |
| 过去12个月自由现金流最近4个季度 | $296.2M | — |
8季度趋势，按日历期对齐
经营现金流CMCEXPE
| Q1 26 | — | — | ||
| Q4 25 | $204.2M | $304.0M | ||
| Q3 25 | $315.2M | $-497.0M | ||
| Q2 25 | $154.4M | $1.1B | ||
| Q1 25 | $32.4M | $3.0B | ||
| Q4 24 | $213.0M | $198.0M | ||
| Q3 24 | $351.8M | $-1.5B | ||
| Q2 24 | $197.9M | $1.5B |
自由现金流CMCEXPE
| Q1 26 | — | — | ||
| Q4 25 | $78.8M | $119.0M | ||
| Q3 25 | $206.3M | $-686.0M | ||
| Q2 25 | $65.0M | $921.0M | ||
| Q1 25 | $-53.8M | $2.8B | ||
| Q4 24 | $94.8M | $7.0M | ||
| Q3 24 | $270.3M | $-1.7B | ||
| Q2 24 | $115.8M | $1.3B |
自由现金流率CMCEXPE
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 3.4% | ||
| Q3 25 | 9.8% | -15.5% | ||
| Q2 25 | 3.2% | 24.3% | ||
| Q1 25 | -3.1% | 92.2% | ||
| Q4 24 | 5.0% | 0.2% | ||
| Q3 24 | 13.5% | -41.6% | ||
| Q2 24 | 5.6% | 36.7% |
资本支出强度CMCEXPE
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 5.2% | ||
| Q3 25 | 5.2% | 4.3% | ||
| Q2 25 | 4.4% | 5.3% | ||
| Q1 25 | 4.9% | 6.6% | ||
| Q4 24 | 6.2% | 6.0% | ||
| Q3 24 | 4.1% | 4.8% | ||
| Q2 24 | 3.9% | 5.5% |
现金转化率CMCEXPE
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | 1.48× | ||
| Q3 25 | 2.08× | -0.52× | ||
| Q2 25 | 1.86× | 3.40× | ||
| Q1 25 | 1.27× | — | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | 3.39× | -2.18× | ||
| Q2 24 | 1.66× | 3.89× |
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% |
EXPE
暂无分部数据
