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COMMERCIAL METALS Co（CMC）与Post Holdings, Inc.（POST）财务数据对比。点击上方公司名可切换其他公司
Post Holdings, Inc.的季度营收约是COMMERCIAL METALS Co的1.0倍（$2.2B vs $2.1B），COMMERCIAL METALS Co净利率更高（8.4% vs 4.5%，领先3.9%），COMMERCIAL METALS Co同比增速更快（11.0% vs 10.1%），Post Holdings, Inc.自由现金流更多（$119.3M vs $78.8M），过去两年COMMERCIAL METALS Co的营收复合增速更高（7.1% vs 4.3%）
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。
Post Holdings, Inc.是美国头部包装消费品食品生产商，旗下拥有知名食品业务板块Post Consumer Brands，总部坐落于明尼苏达州莱克维尔，其生产的食品类快消品覆盖北美及全球多个市场，深受消费者喜爱。
CMC vs POST — 直观对比
营收规模更大
POST
是对方的1.0倍
$2.1B
营收增速更快
CMC
高出0.9%
10.1%
净利率更高
CMC
高出3.9%
4.5%
自由现金流更多
POST
多$40.5M
$78.8M
两年增速更快
CMC
近两年复合增速
4.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.2B |
| 净利润 | $177.3M | $96.8M |
| 毛利率 | 19.2% | 29.4% |
| 营业利润率 | 8.6% | 11.0% |
| 净利率 | 8.4% | 4.5% |
| 营收同比 | 11.0% | 10.1% |
| 净利润同比 | 200.9% | -14.6% |
| 每股收益（稀释后） | $1.58 | $1.71 |
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CMCPOST
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $2.0B | $2.0B | ||
| Q1 25 | $1.8B | $2.0B | ||
| Q4 24 | $1.9B | $2.0B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $2.1B | $1.9B | ||
| Q1 24 | $1.8B | $2.0B |
净利润CMCPOST
| Q4 25 | $177.3M | $96.8M | ||
| Q3 25 | $151.8M | $51.0M | ||
| Q2 25 | $83.1M | $108.8M | ||
| Q1 25 | $25.5M | $62.6M | ||
| Q4 24 | $-175.7M | $113.3M | ||
| Q3 24 | $103.9M | $81.6M | ||
| Q2 24 | $119.4M | $99.8M | ||
| Q1 24 | $85.8M | $97.2M |
毛利率CMCPOST
| Q4 25 | 19.2% | 29.4% | ||
| Q3 25 | 18.6% | 26.8% | ||
| Q2 25 | 14.8% | 30.0% | ||
| Q1 25 | 12.5% | 28.0% | ||
| Q4 24 | 16.1% | 30.1% | ||
| Q3 24 | 16.2% | 28.6% | ||
| Q2 24 | 16.4% | 29.6% | ||
| Q1 24 | 16.0% | 29.0% |
营业利润率CMCPOST
| Q4 25 | 8.6% | 11.0% | ||
| Q3 25 | 9.1% | 7.5% | ||
| Q2 25 | 5.4% | 11.8% | ||
| Q1 25 | 2.1% | 9.3% | ||
| Q4 24 | -12.1% | 10.8% | ||
| Q3 24 | 6.7% | 9.5% | ||
| Q2 24 | 7.7% | 10.4% | ||
| Q1 24 | 6.3% | 9.5% |
净利率CMCPOST
| Q4 25 | 8.4% | 4.5% | ||
| Q3 25 | 7.2% | 2.3% | ||
| Q2 25 | 4.1% | 5.5% | ||
| Q1 25 | 1.5% | 3.2% | ||
| Q4 24 | -9.2% | 5.7% | ||
| Q3 24 | 5.2% | 4.1% | ||
| Q2 24 | 5.7% | 5.1% | ||
| Q1 24 | 4.6% | 4.9% |
每股收益（稀释后）CMCPOST
| Q4 25 | $1.58 | $1.71 | ||
| Q3 25 | $1.33 | $0.91 | ||
| Q2 25 | $0.73 | $1.79 | ||
| Q1 25 | $0.22 | $1.03 | ||
| Q4 24 | $-1.54 | $1.78 | ||
| Q3 24 | $0.90 | $1.28 | ||
| Q2 24 | $1.02 | $1.53 | ||
| Q1 24 | $0.73 | $1.48 |
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 | $279.3M |
| 总债务越低越好 | $3.3B | $7.5B |
| 股东权益账面价值 | $4.3B | $3.5B |
| 总资产 | $9.2B | $13.0B |
| 负债/权益比越低杠杆越低 | 0.77× | 2.16× |
8季度趋势，按日历期对齐
现金及短期投资CMCPOST
| Q4 25 | $1.0B | $279.3M | ||
| Q3 25 | $1.0B | $176.7M | ||
| Q2 25 | $893.0M | $1.1B | ||
| Q1 25 | $758.4M | $617.6M | ||
| Q4 24 | $856.1M | $872.9M | ||
| Q3 24 | $857.9M | $787.4M | ||
| Q2 24 | $698.3M | $333.8M | ||
| Q1 24 | $638.3M | $333.4M |
总债务CMCPOST
| Q4 25 | $3.3B | $7.5B | ||
| Q3 25 | $1.3B | $7.4B | ||
| Q2 25 | $1.3B | $7.3B | ||
| Q1 25 | $1.2B | $6.9B | ||
| Q4 24 | $1.1B | $6.9B | ||
| Q3 24 | $1.2B | $6.8B | ||
| Q2 24 | $1.1B | $6.4B | ||
| Q1 24 | $1.1B | $6.4B |
股东权益CMCPOST
| Q4 25 | $4.3B | $3.5B | ||
| Q3 25 | $4.2B | $3.8B | ||
| Q2 25 | $4.1B | $4.0B | ||
| Q1 25 | $4.0B | $3.8B | ||
| Q4 24 | $4.0B | $3.9B | ||
| Q3 24 | $4.3B | $4.1B | ||
| Q2 24 | $4.3B | $3.9B | ||
| Q1 24 | $4.2B | $4.0B |
总资产CMCPOST
| Q4 25 | $9.2B | $13.0B | ||
| Q3 25 | $7.2B | $13.5B | ||
| Q2 25 | $7.0B | $13.4B | ||
| Q1 25 | $6.7B | $12.8B | ||
| Q4 24 | $6.8B | $12.8B | ||
| Q3 24 | $6.8B | $12.9B | ||
| Q2 24 | $6.7B | $12.1B | ||
| Q1 24 | $6.7B | $12.2B |
负债/权益比CMCPOST
| Q4 25 | 0.77× | 2.16× | ||
| Q3 25 | 0.31× | 1.98× | ||
| Q2 25 | 0.32× | 1.84× | ||
| Q1 25 | 0.29× | 1.81× | ||
| Q4 24 | 0.29× | 1.79× | ||
| Q3 24 | 0.27× | 1.67× | ||
| Q2 24 | 0.27× | 1.62× | ||
| Q1 24 | 0.27× | 1.61× |
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 | $235.7M |
| 自由现金流经营现金流 - 资本支出 | $78.8M | $119.3M |
| 自由现金流率自由现金流/营收 | 3.7% | 5.5% |
| 资本支出强度资本支出/营收 | 5.9% | 5.4% |
| 现金转化率经营现金流/净利润 | 1.15× | 2.43× |
| 过去12个月自由现金流最近4个季度 | $296.2M | $436.0M |
8季度趋势，按日历期对齐
经营现金流CMCPOST
| Q4 25 | $204.2M | $235.7M | ||
| Q3 25 | $315.2M | $301.3M | ||
| Q2 25 | $154.4M | $225.9M | ||
| Q1 25 | $32.4M | $160.7M | ||
| Q4 24 | $213.0M | $310.4M | ||
| Q3 24 | $351.8M | $235.4M | ||
| Q2 24 | $197.9M | $272.3M | ||
| Q1 24 | $89.0M | $249.6M |
自由现金流CMCPOST
| Q4 25 | $78.8M | $119.3M | ||
| Q3 25 | $206.3M | $151.6M | ||
| Q2 25 | $65.0M | $94.9M | ||
| Q1 25 | $-53.8M | $70.2M | ||
| Q4 24 | $94.8M | $171.4M | ||
| Q3 24 | $270.3M | $96.2M | ||
| Q2 24 | $115.8M | $161.5M | ||
| Q1 24 | $-4.8M | $150.9M |
自由现金流率CMCPOST
| Q4 25 | 3.7% | 5.5% | ||
| Q3 25 | 9.8% | 6.7% | ||
| Q2 25 | 3.2% | 4.8% | ||
| Q1 25 | -3.1% | 3.6% | ||
| Q4 24 | 5.0% | 8.7% | ||
| Q3 24 | 13.5% | 4.8% | ||
| Q2 24 | 5.6% | 8.3% | ||
| Q1 24 | -0.3% | 7.5% |
资本支出强度CMCPOST
| Q4 25 | 5.9% | 5.4% | ||
| Q3 25 | 5.2% | 6.7% | ||
| Q2 25 | 4.4% | 6.6% | ||
| Q1 25 | 4.9% | 4.6% | ||
| Q4 24 | 6.2% | 7.0% | ||
| Q3 24 | 4.1% | 6.9% | ||
| Q2 24 | 3.9% | 5.7% | ||
| Q1 24 | 5.1% | 4.9% |
现金转化率CMCPOST
| Q4 25 | 1.15× | 2.43× | ||
| Q3 25 | 2.08× | 5.91× | ||
| Q2 25 | 1.86× | 2.08× | ||
| Q1 25 | 1.27× | 2.57× | ||
| Q4 24 | — | 2.74× | ||
| Q3 24 | 3.39× | 2.88× | ||
| Q2 24 | 1.66× | 2.73× | ||
| Q1 24 | 1.04× | 2.57× |
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% |
POST
| Post Consumer Brands Segment | $1.1B | 51% |
| Pet Food | $360.4M | 17% |
| Side Dishes | $221.5M | 10% |
| Weetabix | $137.9M | 6% |
| Other | $122.1M | 6% |
| Nut Butters | $105.8M | 5% |
| Sausage | $53.1M | 2% |
| Cheeseand Dairy | $41.3M | 2% |
| Protein Based Shakes | $29.3M | 1% |
| Bell Ring | $18.1M | 1% |
