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COMMERCIAL METALS Co（CMC）与Northern Trust（NTRS）财务数据对比。点击上方公司名可切换其他公司
Northern Trust的季度营收约是COMMERCIAL METALS Co的1.0倍（$2.2B vs $2.1B），Northern Trust净利率更高（23.7% vs 8.4%，领先15.4%），Northern Trust同比增速更快（13.8% vs 11.0%），过去两年Northern Trust的营收复合增速更高（37.8% 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。
Northern Trust是总部位于美国伊利诺伊州芝加哥的专业金融服务企业，主要服务对象包括各类企业、机构投资者以及超高净值个人客户，是美国规模最大、持续运营历史最悠久的银行机构之一。截至2025年12月末，其管理资产规模达1.8万亿美元，托管资产规模达14.9万亿美元。
CMC vs NTRS — 直观对比
营收规模更大
NTRS
是对方的1.0倍
$2.1B
营收增速更快
NTRS
高出2.7%
11.0%
净利率更高
NTRS
高出15.4%
8.4%
两年增速更快
NTRS
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.2B |
| 净利润 | $177.3M | $525.5M |
| 毛利率 | 19.2% | — |
| 营业利润率 | 8.6% | — |
| 净利率 | 8.4% | 23.7% |
| 营收同比 | 11.0% | 13.8% |
| 净利润同比 | 200.9% | 13.0% |
| 每股收益（稀释后） | $1.58 | $2.71 |
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CMCNTRS
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $1.8B | $1.2B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $2.1B | $1.2B |
净利润CMCNTRS
| Q1 26 | — | $525.5M | ||
| Q4 25 | $177.3M | $466.0M | ||
| Q3 25 | $151.8M | $457.6M | ||
| Q2 25 | $83.1M | $421.3M | ||
| Q1 25 | $25.5M | $392.0M | ||
| Q4 24 | $-175.7M | $455.4M | ||
| Q3 24 | $103.9M | $464.9M | ||
| Q2 24 | $119.4M | $896.1M |
毛利率CMCNTRS
| 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CMCNTRS
| Q1 26 | — | — | ||
| Q4 25 | 8.6% | 48.5% | ||
| Q3 25 | 9.1% | 49.0% | ||
| Q2 25 | 5.4% | 45.9% | ||
| Q1 25 | 2.1% | 43.0% | ||
| Q4 24 | -12.1% | 48.6% | ||
| Q3 24 | 6.7% | 50.2% | ||
| Q2 24 | 7.7% | — |
净利率CMCNTRS
| Q1 26 | — | 23.7% | ||
| Q4 25 | 8.4% | 35.6% | ||
| Q3 25 | 7.2% | 36.2% | ||
| Q2 25 | 4.1% | 34.2% | ||
| Q1 25 | 1.5% | 32.3% | ||
| Q4 24 | -9.2% | 37.3% | ||
| Q3 24 | 5.2% | 38.9% | ||
| Q2 24 | 5.7% | 76.8% |
每股收益（稀释后）CMCNTRS
| Q1 26 | — | $2.71 | ||
| Q4 25 | $1.58 | $2.42 | ||
| Q3 25 | $1.33 | $2.29 | ||
| Q2 25 | $0.73 | $2.13 | ||
| Q1 25 | $0.22 | $1.90 | ||
| Q4 24 | $-1.54 | $2.25 | ||
| Q3 24 | $0.90 | $2.22 | ||
| Q2 24 | $1.02 | $4.34 |
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 | — |
| 总债务越低越好 | $3.3B | $2.9B |
| 股东权益账面价值 | $4.3B | $13.0B |
| 总资产 | $9.2B | $174.6B |
| 负债/权益比越低杠杆越低 | 0.77× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资CMCNTRS
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $893.0M | — | ||
| Q1 25 | $758.4M | — | ||
| Q4 24 | $856.1M | — | ||
| Q3 24 | $857.9M | — | ||
| Q2 24 | $698.3M | — |
总债务CMCNTRS
| Q1 26 | — | $2.9B | ||
| 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 | — |
股东权益CMCNTRS
| Q1 26 | — | $13.0B | ||
| Q4 25 | $4.3B | $13.0B | ||
| Q3 25 | $4.2B | $13.0B | ||
| Q2 25 | $4.1B | $12.9B | ||
| Q1 25 | $4.0B | $12.9B | ||
| Q4 24 | $4.0B | $12.8B | ||
| Q3 24 | $4.3B | $12.7B | ||
| Q2 24 | $4.3B | $12.7B |
总资产CMCNTRS
| Q1 26 | — | $174.6B | ||
| Q4 25 | $9.2B | $177.1B | ||
| Q3 25 | $7.2B | $170.3B | ||
| Q2 25 | $7.0B | $171.9B | ||
| Q1 25 | $6.7B | $165.1B | ||
| Q4 24 | $6.8B | $155.5B | ||
| Q3 24 | $6.8B | $155.8B | ||
| Q2 24 | $6.7B | $156.8B |
负债/权益比CMCNTRS
| Q1 26 | — | 0.22× | ||
| 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× | — |
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CMCNTRS
| Q1 26 | — | — | ||
| Q4 25 | $204.2M | $388.4M | ||
| Q3 25 | $315.2M | $525.8M | ||
| Q2 25 | $154.4M | $1.9B | ||
| Q1 25 | $32.4M | $2.7B | ||
| Q4 24 | $213.0M | $-2.6B | ||
| Q3 24 | $351.8M | $611.1M | ||
| Q2 24 | $197.9M | $3.0B |
自由现金流CMCNTRS
| Q1 26 | — | — | ||
| Q4 25 | $78.8M | $355.6M | ||
| Q3 25 | $206.3M | $509.4M | ||
| Q2 25 | $65.0M | $1.9B | ||
| Q1 25 | $-53.8M | $2.7B | ||
| Q4 24 | $94.8M | $-2.7B | ||
| Q3 24 | $270.3M | $585.4M | ||
| Q2 24 | $115.8M | $3.0B |
自由现金流率CMCNTRS
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 27.2% | ||
| Q3 25 | 9.8% | 40.3% | ||
| Q2 25 | 3.2% | 150.8% | ||
| Q1 25 | -3.1% | 225.5% | ||
| Q4 24 | 5.0% | -218.9% | ||
| Q3 24 | 13.5% | 48.9% | ||
| Q2 24 | 5.6% | 254.7% |
资本支出强度CMCNTRS
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 2.5% | ||
| Q3 25 | 5.2% | 1.3% | ||
| Q2 25 | 4.4% | 1.0% | ||
| Q1 25 | 4.9% | 1.0% | ||
| Q4 24 | 6.2% | 3.3% | ||
| Q3 24 | 4.1% | 2.1% | ||
| Q2 24 | 3.9% | 1.8% |
现金转化率CMCNTRS
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | 0.83× | ||
| Q3 25 | 2.08× | 1.15× | ||
| Q2 25 | 1.86× | 4.44× | ||
| Q1 25 | 1.27× | 7.01× | ||
| Q4 24 | — | -5.79× | ||
| Q3 24 | 3.39× | 1.31× | ||
| Q2 24 | 1.66× | 3.34× |
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% |
NTRS
| Trust, Investment and Other Servicing Fees | $1.3B | 61% |
| Other | $871.8M | 39% |
