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COMMERCIAL METALS Co（CMC）与Host Hotels & Resorts（HST）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Host Hotels & Resorts的1.3倍（$2.1B vs $1.6B），Host Hotels & Resorts净利率更高（8.4% vs 8.4%，领先0.1%），Host Hotels & Resorts同比增速更快（12.3% vs 11.0%），Host Hotels & Resorts自由现金流更多（$445.0M vs $78.8M），过去两年COMMERCIAL METALS Co的营收复合增速更高（7.1% vs 4.4%）
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。
Host Hotels & Resorts是总部位于美国马里兰州贝塞斯达的房地产投资信托企业，专注于高端酒店资产投资。截至2024年12月31日，公司在美国、巴西、加拿大共持有81家高端酒店，总客房数约4.34万间，是全球知名的酒店不动产投资机构。
CMC vs HST — 直观对比
营收规模更大
CMC
是对方的1.3倍
$1.6B
营收增速更快
HST
高出1.2%
11.0%
净利率更高
HST
高出0.1%
8.4%
自由现金流更多
HST
多$366.3M
$78.8M
两年增速更快
CMC
近两年复合增速
4.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.6B |
| 净利润 | $177.3M | $135.0M |
| 毛利率 | 19.2% | — |
| 营业利润率 | 8.6% | 12.0% |
| 净利率 | 8.4% | 8.4% |
| 营收同比 | 11.0% | 12.3% |
| 净利润同比 | 200.9% | 25.0% |
| 每股收益（稀释后） | $1.58 | $0.20 |
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CMCHST
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.0B | $1.6B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $2.1B | $1.5B | ||
| Q1 24 | $1.8B | $1.5B |
净利润CMCHST
| Q4 25 | $177.3M | $135.0M | ||
| Q3 25 | $151.8M | $161.0M | ||
| Q2 25 | $83.1M | $221.0M | ||
| Q1 25 | $25.5M | $248.0M | ||
| Q4 24 | $-175.7M | $108.0M | ||
| Q3 24 | $103.9M | $82.0M | ||
| Q2 24 | $119.4M | $239.0M | ||
| Q1 24 | $85.8M | $268.0M |
毛利率CMCHST
| 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CMCHST
| Q4 25 | 8.6% | 12.0% | ||
| Q3 25 | 9.1% | 7.6% | ||
| Q2 25 | 5.4% | 17.5% | ||
| Q1 25 | 2.1% | 17.9% | ||
| Q4 24 | -12.1% | 11.0% | ||
| Q3 24 | 6.7% | 10.2% | ||
| Q2 24 | 7.7% | 19.9% | ||
| Q1 24 | 6.3% | 19.8% |
净利率CMCHST
| Q4 25 | 8.4% | 8.4% | ||
| Q3 25 | 7.2% | 12.1% | ||
| Q2 25 | 4.1% | 13.9% | ||
| Q1 25 | 1.5% | 15.6% | ||
| Q4 24 | -9.2% | 7.6% | ||
| Q3 24 | 5.2% | 6.2% | ||
| Q2 24 | 5.7% | 16.3% | ||
| Q1 24 | 4.6% | 18.2% |
每股收益（稀释后）CMCHST
| Q4 25 | $1.58 | $0.20 | ||
| Q3 25 | $1.33 | $0.23 | ||
| Q2 25 | $0.73 | $0.32 | ||
| Q1 25 | $0.22 | $0.35 | ||
| Q4 24 | $-1.54 | $0.15 | ||
| Q3 24 | $0.90 | $0.12 | ||
| Q2 24 | $1.02 | $0.34 | ||
| Q1 24 | $0.73 | $0.38 |
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 | $768.0M |
| 总债务越低越好 | $3.3B | $1.3B |
| 股东权益账面价值 | $4.3B | $6.6B |
| 总资产 | $9.2B | $13.0B |
| 负债/权益比越低杠杆越低 | 0.77× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资CMCHST
| Q4 25 | $1.0B | $768.0M | ||
| Q3 25 | $1.0B | $539.0M | ||
| Q2 25 | $893.0M | $490.0M | ||
| Q1 25 | $758.4M | $428.0M | ||
| Q4 24 | $856.1M | $554.0M | ||
| Q3 24 | $857.9M | $564.0M | ||
| Q2 24 | $698.3M | $805.0M | ||
| Q1 24 | $638.3M | $1.3B |
总债务CMCHST
| Q4 25 | $3.3B | $1.3B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | $896.0M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
股东权益CMCHST
| Q4 25 | $4.3B | $6.6B | ||
| Q3 25 | $4.2B | $6.7B | ||
| Q2 25 | $4.1B | $6.6B | ||
| Q1 25 | $4.0B | $6.7B | ||
| Q4 24 | $4.0B | $6.6B | ||
| Q3 24 | $4.3B | $6.7B | ||
| Q2 24 | $4.3B | $6.8B | ||
| Q1 24 | $4.2B | $6.7B |
总资产CMCHST
| Q4 25 | $9.2B | $13.0B | ||
| Q3 25 | $7.2B | $13.0B | ||
| Q2 25 | $7.0B | $13.0B | ||
| Q1 25 | $6.7B | $12.9B | ||
| Q4 24 | $6.8B | $13.0B | ||
| Q3 24 | $6.8B | $13.1B | ||
| Q2 24 | $6.7B | $12.4B | ||
| Q1 24 | $6.7B | $12.5B |
负债/权益比CMCHST
| Q4 25 | 0.77× | 0.19× | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.32× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.29× | 0.14× | ||
| 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 | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $78.8M | $445.0M |
| 自由现金流率自由现金流/营收 | 3.7% | 27.8% |
| 资本支出强度资本支出/营收 | 5.9% | 6.1% |
| 现金转化率经营现金流/净利润 | 1.15× | 4.02× |
| 过去12个月自由现金流最近4个季度 | $296.2M | $1.2B |
8季度趋势，按日历期对齐
经营现金流CMCHST
| Q4 25 | $204.2M | $543.0M | ||
| Q3 25 | $315.2M | $218.0M | ||
| Q2 25 | $154.4M | $444.0M | ||
| Q1 25 | $32.4M | $305.0M | ||
| Q4 24 | $213.0M | $331.0M | ||
| Q3 24 | $351.8M | $349.0M | ||
| Q2 24 | $197.9M | $453.0M | ||
| Q1 24 | $89.0M | $365.0M |
自由现金流CMCHST
| Q4 25 | $78.8M | $445.0M | ||
| Q3 25 | $206.3M | $143.0M | ||
| Q2 25 | $65.0M | $381.0M | ||
| Q1 25 | $-53.8M | $259.0M | ||
| Q4 24 | $94.8M | $235.0M | ||
| Q3 24 | $270.3M | $262.0M | ||
| Q2 24 | $115.8M | $409.0M | ||
| Q1 24 | $-4.8M | $332.0M |
自由现金流率CMCHST
| Q4 25 | 3.7% | 27.8% | ||
| Q3 25 | 9.8% | 10.7% | ||
| Q2 25 | 3.2% | 24.0% | ||
| Q1 25 | -3.1% | 16.2% | ||
| Q4 24 | 5.0% | 16.5% | ||
| Q3 24 | 13.5% | 19.9% | ||
| Q2 24 | 5.6% | 27.9% | ||
| Q1 24 | -0.3% | 22.6% |
资本支出强度CMCHST
| Q4 25 | 5.9% | 6.1% | ||
| Q3 25 | 5.2% | 5.6% | ||
| Q2 25 | 4.4% | 4.0% | ||
| Q1 25 | 4.9% | 2.9% | ||
| Q4 24 | 6.2% | 6.7% | ||
| Q3 24 | 4.1% | 6.6% | ||
| Q2 24 | 3.9% | 3.0% | ||
| Q1 24 | 5.1% | 2.2% |
现金转化率CMCHST
| Q4 25 | 1.15× | 4.02× | ||
| Q3 25 | 2.08× | 1.35× | ||
| Q2 25 | 1.86× | 2.01× | ||
| Q1 25 | 1.27× | 1.23× | ||
| Q4 24 | — | 3.06× | ||
| Q3 24 | 3.39× | 4.26× | ||
| Q2 24 | 1.66× | 1.90× | ||
| Q1 24 | 1.04× | 1.36× |
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
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% |
HST
暂无分部数据
