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COMMERCIAL METALS Co（CMC）与KOHLS Corp（KSS）财务数据对比。点击上方公司名可切换其他公司
KOHLS Corp的季度营收约是COMMERCIAL METALS Co的1.7倍（$3.6B vs $2.1B），COMMERCIAL METALS Co净利率更高（8.4% vs 0.2%，领先8.1%），COMMERCIAL METALS Co同比增速更快（11.0% vs -3.6%），COMMERCIAL METALS Co自由现金流更多（$78.8M vs $16.0M），过去两年COMMERCIAL METALS Co的营收复合增速更高（7.1% vs -22.5%）
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。
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
CMC vs KSS — 直观对比
营收规模更大
KSS
是对方的1.7倍
$2.1B
营收增速更快
CMC
高出14.7%
-3.6%
净利率更高
CMC
高出8.1%
0.2%
自由现金流更多
CMC
多$62.8M
$16.0M
两年增速更快
CMC
近两年复合增速
-22.5%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.6B |
| 净利润 | $177.3M | $8.0M |
| 毛利率 | 19.2% | 42.4% |
| 营业利润率 | 8.6% | 2.0% |
| 净利率 | 8.4% | 0.2% |
| 营收同比 | 11.0% | -3.6% |
| 净利润同比 | 200.9% | -63.6% |
| 每股收益（稀释后） | $1.58 | $0.07 |
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CMCKSS
| Q4 25 | $2.1B | $3.6B | ||
| Q3 25 | $2.1B | $3.5B | ||
| Q2 25 | $2.0B | $3.2B | ||
| Q1 25 | $1.8B | $5.4B | ||
| Q4 24 | $1.9B | $3.7B | ||
| Q3 24 | $2.0B | $3.7B | ||
| Q2 24 | $2.1B | $3.4B | ||
| Q1 24 | $1.8B | $6.0B |
净利润CMCKSS
| Q4 25 | $177.3M | $8.0M | ||
| Q3 25 | $151.8M | $153.0M | ||
| Q2 25 | $83.1M | $-15.0M | ||
| Q1 25 | $25.5M | $48.0M | ||
| Q4 24 | $-175.7M | $22.0M | ||
| Q3 24 | $103.9M | $66.0M | ||
| Q2 24 | $119.4M | $-27.0M | ||
| Q1 24 | $85.8M | $186.0M |
毛利率CMCKSS
| Q4 25 | 19.2% | 42.4% | ||
| Q3 25 | 18.6% | 43.3% | ||
| Q2 25 | 14.8% | 43.3% | ||
| Q1 25 | 12.5% | 35.6% | ||
| Q4 24 | 16.1% | 42.4% | ||
| Q3 24 | 16.2% | 43.0% | ||
| Q2 24 | 16.4% | 43.1% | ||
| Q1 24 | 16.0% | 35.2% |
营业利润率CMCKSS
| Q4 25 | 8.6% | 2.0% | ||
| Q3 25 | 9.1% | 7.9% | ||
| Q2 25 | 5.4% | 1.9% | ||
| Q1 25 | 2.1% | 2.3% | ||
| Q4 24 | -12.1% | 2.6% | ||
| Q3 24 | 6.7% | 4.4% | ||
| Q2 24 | 7.7% | 1.3% | ||
| Q1 24 | 6.3% | 5.0% |
净利率CMCKSS
| Q4 25 | 8.4% | 0.2% | ||
| Q3 25 | 7.2% | 4.3% | ||
| Q2 25 | 4.1% | -0.5% | ||
| Q1 25 | 1.5% | 0.9% | ||
| Q4 24 | -9.2% | 0.6% | ||
| Q3 24 | 5.2% | 1.8% | ||
| Q2 24 | 5.7% | -0.8% | ||
| Q1 24 | 4.6% | 3.1% |
每股收益（稀释后）CMCKSS
| Q4 25 | $1.58 | $0.07 | ||
| Q3 25 | $1.33 | $1.35 | ||
| Q2 25 | $0.73 | $-0.13 | ||
| Q1 25 | $0.22 | $0.43 | ||
| Q4 24 | $-1.54 | $0.20 | ||
| Q3 24 | $0.90 | $0.59 | ||
| Q2 24 | $1.02 | $-0.24 | ||
| Q1 24 | $0.73 | $1.67 |
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 | $144.0M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $4.3B | $3.9B |
| 总资产 | $9.2B | $14.1B |
| 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CMCKSS
| Q4 25 | $1.0B | $144.0M | ||
| Q3 25 | $1.0B | $174.0M | ||
| Q2 25 | $893.0M | $153.0M | ||
| Q1 25 | $758.4M | $134.0M | ||
| Q4 24 | $856.1M | $174.0M | ||
| Q3 24 | $857.9M | $231.0M | ||
| Q2 24 | $698.3M | $228.0M | ||
| Q1 24 | $638.3M | $183.0M |
总债务CMCKSS
| 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CMCKSS
| Q4 25 | $4.3B | $3.9B | ||
| Q3 25 | $4.2B | $3.9B | ||
| Q2 25 | $4.1B | $3.8B | ||
| Q1 25 | $4.0B | $3.8B | ||
| Q4 24 | $4.0B | $3.8B | ||
| Q3 24 | $4.3B | $3.8B | ||
| Q2 24 | $4.3B | $3.8B | ||
| Q1 24 | $4.2B | $3.9B |
总资产CMCKSS
| Q4 25 | $9.2B | $14.1B | ||
| Q3 25 | $7.2B | $13.4B | ||
| Q2 25 | $7.0B | $13.6B | ||
| Q1 25 | $6.7B | $13.6B | ||
| Q4 24 | $6.8B | $15.1B | ||
| Q3 24 | $6.8B | $14.2B | ||
| Q2 24 | $6.7B | $14.3B | ||
| Q1 24 | $6.7B | $14.0B |
负债/权益比CMCKSS
| 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 | $124.0M |
| 自由现金流经营现金流 - 资本支出 | $78.8M | $16.0M |
| 自由现金流率自由现金流/营收 | 3.7% | 0.4% |
| 资本支出强度资本支出/营收 | 5.9% | 3.0% |
| 现金转化率经营现金流/净利润 | 1.15× | 15.50× |
| 过去12个月自由现金流最近4个季度 | $296.2M | $819.0M |
8季度趋势，按日历期对齐
经营现金流CMCKSS
| Q4 25 | $204.2M | $124.0M | ||
| Q3 25 | $315.2M | $598.0M | ||
| Q2 25 | $154.4M | $-92.0M | ||
| Q1 25 | $32.4M | $596.0M | ||
| Q4 24 | $213.0M | $-195.0M | ||
| Q3 24 | $351.8M | $254.0M | ||
| Q2 24 | $197.9M | $-7.0M | ||
| Q1 24 | $89.0M | $789.0M |
自由现金流CMCKSS
| Q4 25 | $78.8M | $16.0M | ||
| Q3 25 | $206.3M | $508.0M | ||
| Q2 25 | $65.0M | $-202.0M | ||
| Q1 25 | $-53.8M | $497.0M | ||
| Q4 24 | $94.8M | $-323.0M | ||
| Q3 24 | $270.3M | $141.0M | ||
| Q2 24 | $115.8M | $-133.0M | ||
| Q1 24 | $-4.8M | $707.0M |
自由现金流率CMCKSS
| Q4 25 | 3.7% | 0.4% | ||
| Q3 25 | 9.8% | 14.3% | ||
| Q2 25 | 3.2% | -6.2% | ||
| Q1 25 | -3.1% | 9.2% | ||
| Q4 24 | 5.0% | -8.7% | ||
| Q3 24 | 13.5% | 3.8% | ||
| Q2 24 | 5.6% | -3.9% | ||
| Q1 24 | -0.3% | 11.9% |
资本支出强度CMCKSS
| Q4 25 | 5.9% | 3.0% | ||
| Q3 25 | 5.2% | 2.5% | ||
| Q2 25 | 4.4% | 3.4% | ||
| Q1 25 | 4.9% | 1.8% | ||
| Q4 24 | 6.2% | 3.5% | ||
| Q3 24 | 4.1% | 3.0% | ||
| Q2 24 | 3.9% | 3.7% | ||
| Q1 24 | 5.1% | 1.4% |
现金转化率CMCKSS
| Q4 25 | 1.15× | 15.50× | ||
| Q3 25 | 2.08× | 3.91× | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | 1.27× | 12.42× | ||
| Q4 24 | — | -8.86× | ||
| Q3 24 | 3.39× | 3.85× | ||
| Q2 24 | 1.66× | — | ||
| Q1 24 | 1.04× | 4.24× |
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% |
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
