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COMMERCIAL METALS Co（CMC）与Metallus Inc.（MTUS）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Metallus Inc.的7.9倍（$2.1B vs $267.3M）。COMMERCIAL METALS Co净利率更高（8.4% vs -5.3%，领先13.7%）。Metallus Inc.同比增速更快（11.1% vs 11.0%）。COMMERCIAL METALS Co自由现金流更多（$78.8M vs $-37.2M）。过去两年COMMERCIAL METALS Co的营收复合增速更高（7.1% vs -8.8%）
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。
CMC vs MTUS — 直观对比
营收规模更大
CMC
是对方的7.9倍
$267.3M
营收增速更快
MTUS
高出0.1%
11.0%
净利率更高
CMC
高出13.7%
-5.3%
自由现金流更多
CMC
多$116.0M
$-37.2M
两年增速更快
CMC
近两年复合增速
-8.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $267.3M |
| 净利润 | $177.3M | $-14.3M |
| 毛利率 | 19.2% | 2.2% |
| 营业利润率 | 8.6% | -7.7% |
| 净利率 | 8.4% | -5.3% |
| 营收同比 | 11.0% | 11.1% |
| 净利润同比 | 200.9% | 33.2% |
| 每股收益（稀释后） | $1.58 | $-0.34 |
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CMCMTUS
| Q4 25 | $2.1B | $267.3M | ||
| Q3 25 | $2.1B | $305.9M | ||
| Q2 25 | $2.0B | $304.6M | ||
| Q1 25 | $1.8B | $280.5M | ||
| Q4 24 | $1.9B | $240.5M | ||
| Q3 24 | $2.0B | $227.2M | ||
| Q2 24 | $2.1B | $294.7M | ||
| Q1 24 | $1.8B | $321.6M |
净利润CMCMTUS
| Q4 25 | $177.3M | $-14.3M | ||
| Q3 25 | $151.8M | $8.1M | ||
| Q2 25 | $83.1M | $3.7M | ||
| Q1 25 | $25.5M | $1.3M | ||
| Q4 24 | $-175.7M | $-21.4M | ||
| Q3 24 | $103.9M | $-5.9M | ||
| Q2 24 | $119.4M | $4.6M | ||
| Q1 24 | $85.8M | $24.0M |
毛利率CMCMTUS
| Q4 25 | 19.2% | 2.2% | ||
| Q3 25 | 18.6% | 11.4% | ||
| Q2 25 | 14.8% | 10.6% | ||
| Q1 25 | 12.5% | 7.8% | ||
| Q4 24 | 16.1% | 4.5% | ||
| Q3 24 | 16.2% | 5.3% | ||
| Q2 24 | 16.4% | 8.2% | ||
| Q1 24 | 16.0% | 15.7% |
营业利润率CMCMTUS
| Q4 25 | 8.6% | -7.7% | ||
| Q3 25 | 9.1% | 3.6% | ||
| Q2 25 | 5.4% | 2.8% | ||
| Q1 25 | 2.1% | 1.0% | ||
| Q4 24 | -12.1% | -10.1% | ||
| Q3 24 | 6.7% | -3.1% | ||
| Q2 24 | 7.7% | 2.1% | ||
| Q1 24 | 6.3% | 9.3% |
净利率CMCMTUS
| Q4 25 | 8.4% | -5.3% | ||
| Q3 25 | 7.2% | 2.6% | ||
| Q2 25 | 4.1% | 1.2% | ||
| Q1 25 | 1.5% | 0.5% | ||
| Q4 24 | -9.2% | -8.9% | ||
| Q3 24 | 5.2% | -2.6% | ||
| Q2 24 | 5.7% | 1.6% | ||
| Q1 24 | 4.6% | 7.5% |
每股收益（稀释后）CMCMTUS
| Q4 25 | $1.58 | $-0.34 | ||
| Q3 25 | $1.33 | $0.19 | ||
| Q2 25 | $0.73 | $0.09 | ||
| Q1 25 | $0.22 | $0.03 | ||
| Q4 24 | $-1.54 | $-0.46 | ||
| Q3 24 | $0.90 | $-0.13 | ||
| Q2 24 | $1.02 | $0.10 | ||
| Q1 24 | $0.73 | $0.52 |
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 | $156.7M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $4.3B | $686.0M |
| 总资产 | $9.2B | $1.1B |
| 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CMCMTUS
| Q4 25 | $1.0B | $156.7M | ||
| Q3 25 | $1.0B | $191.5M | ||
| Q2 25 | $893.0M | $190.8M | ||
| Q1 25 | $758.4M | $180.3M | ||
| Q4 24 | $856.1M | $240.7M | ||
| Q3 24 | $857.9M | $254.6M | ||
| Q2 24 | $698.3M | $272.8M | ||
| Q1 24 | $638.3M | $278.1M |
总债务CMCMTUS
| Q4 25 | $3.3B | — | ||
| Q3 25 | $1.3B | $0 | ||
| Q2 25 | $1.3B | $0 | ||
| Q1 25 | $1.2B | $5.4M | ||
| Q4 24 | $1.1B | $5.4M | ||
| Q3 24 | $1.2B | $13.2M | ||
| Q2 24 | $1.1B | $13.2M | ||
| Q1 24 | $1.1B | $13.2M |
股东权益CMCMTUS
| Q4 25 | $4.3B | $686.0M | ||
| Q3 25 | $4.2B | $697.7M | ||
| Q2 25 | $4.1B | $690.0M | ||
| Q1 25 | $4.0B | $686.1M | ||
| Q4 24 | $4.0B | $690.5M | ||
| Q3 24 | $4.3B | $712.7M | ||
| Q2 24 | $4.3B | $736.3M | ||
| Q1 24 | $4.2B | $739.3M |
总资产CMCMTUS
| Q4 25 | $9.2B | $1.1B | ||
| Q3 25 | $7.2B | $1.2B | ||
| Q2 25 | $7.0B | $1.1B | ||
| Q1 25 | $6.7B | $1.1B | ||
| Q4 24 | $6.8B | $1.1B | ||
| Q3 24 | $6.8B | $1.1B | ||
| Q2 24 | $6.7B | $1.1B | ||
| Q1 24 | $6.7B | $1.2B |
负债/权益比CMCMTUS
| Q4 25 | 0.77× | — | ||
| Q3 25 | 0.31× | 0.00× | ||
| Q2 25 | 0.32× | 0.00× | ||
| Q1 25 | 0.29× | 0.01× | ||
| Q4 24 | 0.29× | 0.01× | ||
| Q3 24 | 0.27× | 0.02× | ||
| Q2 24 | 0.27× | 0.02× | ||
| Q1 24 | 0.27× | 0.02× |
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 | $-1.9M |
| 自由现金流经营现金流 - 资本支出 | $78.8M | $-37.2M |
| 自由现金流率自由现金流/营收 | 3.7% | -13.9% |
| 资本支出强度资本支出/营收 | 5.9% | 13.2% |
| 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 | $-93.0M |
8季度趋势，按日历期对齐
经营现金流CMCMTUS
| Q4 25 | $204.2M | $-1.9M | ||
| Q3 25 | $315.2M | $22.0M | ||
| Q2 25 | $154.4M | $34.8M | ||
| Q1 25 | $32.4M | $-38.9M | ||
| Q4 24 | $213.0M | $13.9M | ||
| Q3 24 | $351.8M | $-15.3M | ||
| Q2 24 | $197.9M | $8.3M | ||
| Q1 24 | $89.0M | $33.4M |
自由现金流CMCMTUS
| Q4 25 | $78.8M | $-37.2M | ||
| Q3 25 | $206.3M | $-6.4M | ||
| Q2 25 | $65.0M | $17.0M | ||
| Q1 25 | $-53.8M | $-66.4M | ||
| Q4 24 | $94.8M | $-1.3M | ||
| Q3 24 | $270.3M | $-32.9M | ||
| Q2 24 | $115.8M | $-5.8M | ||
| Q1 24 | $-4.8M | $16.0M |
自由现金流率CMCMTUS
| Q4 25 | 3.7% | -13.9% | ||
| Q3 25 | 9.8% | -2.1% | ||
| Q2 25 | 3.2% | 5.6% | ||
| Q1 25 | -3.1% | -23.7% | ||
| Q4 24 | 5.0% | -0.5% | ||
| Q3 24 | 13.5% | -14.5% | ||
| Q2 24 | 5.6% | -2.0% | ||
| Q1 24 | -0.3% | 5.0% |
资本支出强度CMCMTUS
| Q4 25 | 5.9% | 13.2% | ||
| Q3 25 | 5.2% | 9.3% | ||
| Q2 25 | 4.4% | 5.8% | ||
| Q1 25 | 4.9% | 9.8% | ||
| Q4 24 | 6.2% | 6.3% | ||
| Q3 24 | 4.1% | 7.7% | ||
| Q2 24 | 3.9% | 4.8% | ||
| Q1 24 | 5.1% | 5.4% |
现金转化率CMCMTUS
| Q4 25 | 1.15× | — | ||
| Q3 25 | 2.08× | 2.72× | ||
| Q2 25 | 1.86× | 9.41× | ||
| Q1 25 | 1.27× | -29.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.39× | — | ||
| Q2 24 | 1.66× | 1.80× | ||
| Q1 24 | 1.04× | 1.39× |
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% |
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
