vs
COMMERCIAL METALS Co（CMC）与Primo Brands Corp（PRMB）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Primo Brands Corp的1.4倍（$2.1B vs $1.6B），COMMERCIAL METALS Co净利率更高（8.4% vs -0.8%，领先9.2%），COMMERCIAL METALS Co自由现金流更多（$78.8M vs $57.3M）
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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
CMC vs PRMB — 直观对比
营收规模更大
CMC
是对方的1.4倍
$1.6B
净利率更高
CMC
高出9.2%
-0.8%
自由现金流更多
CMC
多$21.4M
$57.3M
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.6B |
| 净利润 | $177.3M | $-13.0M |
| 毛利率 | 19.2% | 27.7% |
| 营业利润率 | 8.6% | 1.2% |
| 净利率 | 8.4% | -0.8% |
| 营收同比 | 11.0% | — |
| 净利润同比 | 200.9% | — |
| 每股收益（稀释后） | $1.58 | $-0.03 |
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CMCPRMB
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $2.0B | $1.7B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | $0 | ||
| Q2 24 | $2.1B | $1.3B | ||
| Q1 24 | $1.8B | $1.1B |
净利润CMCPRMB
| Q4 25 | $177.3M | $-13.0M | ||
| Q3 25 | $151.8M | $16.8M | ||
| Q2 25 | $83.1M | $27.6M | ||
| Q1 25 | $25.5M | $28.7M | ||
| Q4 24 | $-175.7M | — | ||
| Q3 24 | $103.9M | $-2.0K | ||
| Q2 24 | $119.4M | $54.5M | ||
| Q1 24 | $85.8M | $33.5M |
毛利率CMCPRMB
| Q4 25 | 19.2% | 27.7% | ||
| Q3 25 | 18.6% | 29.9% | ||
| Q2 25 | 14.8% | 31.3% | ||
| Q1 25 | 12.5% | 32.3% | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | 16.4% | 32.7% | ||
| Q1 24 | 16.0% | 30.4% |
营业利润率CMCPRMB
| Q4 25 | 8.6% | 1.2% | ||
| Q3 25 | 9.1% | 8.3% | ||
| Q2 25 | 5.4% | 6.5% | ||
| Q1 25 | 2.1% | 9.5% | ||
| Q4 24 | -12.1% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 7.7% | 12.1% | ||
| Q1 24 | 6.3% | 11.0% |
净利率CMCPRMB
| Q4 25 | 8.4% | -0.8% | ||
| Q3 25 | 7.2% | 1.0% | ||
| Q2 25 | 4.1% | 1.6% | ||
| Q1 25 | 1.5% | 1.8% | ||
| Q4 24 | -9.2% | — | ||
| Q3 24 | 5.2% | — | ||
| Q2 24 | 5.7% | 4.1% | ||
| Q1 24 | 4.6% | 2.9% |
每股收益（稀释后）CMCPRMB
| Q4 25 | $1.58 | $-0.03 | ||
| Q3 25 | $1.33 | $0.04 | ||
| Q2 25 | $0.73 | $0.07 | ||
| Q1 25 | $0.22 | $0.08 | ||
| Q4 24 | $-1.54 | — | ||
| Q3 24 | $0.90 | $-20.00 | ||
| Q2 24 | $1.02 | $0.25 | ||
| Q1 24 | $0.73 | $0.15 |
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 | $376.7M |
| 总债务越低越好 | $3.3B | $5.2B |
| 股东权益账面价值 | $4.3B | $3.0B |
| 总资产 | $9.2B | $10.6B |
| 负债/权益比越低杠杆越低 | 0.77× | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资CMCPRMB
| Q4 25 | $1.0B | $376.7M | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $893.0M | — | ||
| Q1 25 | $758.4M | — | ||
| Q4 24 | $856.1M | — | ||
| Q3 24 | $857.9M | — | ||
| Q2 24 | $698.3M | — | ||
| Q1 24 | $638.3M | — |
总债务CMCPRMB
| Q4 25 | $3.3B | $5.2B | ||
| Q3 25 | $1.3B | $5.1B | ||
| Q2 25 | $1.3B | $5.1B | ||
| Q1 25 | $1.2B | $5.0B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
股东权益CMCPRMB
| Q4 25 | $4.3B | $3.0B | ||
| Q3 25 | $4.2B | $3.2B | ||
| Q2 25 | $4.1B | $3.2B | ||
| Q1 25 | $4.0B | $3.3B | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.3B | $-2.0K | ||
| Q2 24 | $4.3B | $-296.8M | ||
| Q1 24 | $4.2B | $-349.8M |
总资产CMCPRMB
| Q4 25 | $9.2B | $10.6B | ||
| Q3 25 | $7.2B | $11.0B | ||
| Q2 25 | $7.0B | $11.0B | ||
| Q1 25 | $6.7B | $11.0B | ||
| Q4 24 | $6.8B | — | ||
| Q3 24 | $6.8B | $0 | ||
| Q2 24 | $6.7B | — | ||
| Q1 24 | $6.7B | — |
负债/权益比CMCPRMB
| Q4 25 | 0.77× | 1.72× | ||
| Q3 25 | 0.31× | 1.61× | ||
| Q2 25 | 0.32× | 1.57× | ||
| Q1 25 | 0.29× | 1.51× | ||
| 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 | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $78.8M | $57.3M |
| 自由现金流率自由现金流/营收 | 3.7% | 3.7% |
| 资本支出强度资本支出/营收 | 5.9% | 9.4% |
| 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 | $302.9M |
8季度趋势，按日历期对齐
经营现金流CMCPRMB
| Q4 25 | $204.2M | $203.1M | ||
| Q3 25 | $315.2M | $283.4M | ||
| Q2 25 | $154.4M | $155.0M | ||
| Q1 25 | $32.4M | $38.8M | ||
| Q4 24 | $213.0M | — | ||
| Q3 24 | $351.8M | $0 | ||
| Q2 24 | $197.9M | $102.5M | ||
| Q1 24 | $89.0M | $6.0M |
自由现金流CMCPRMB
| Q4 25 | $78.8M | $57.3M | ||
| Q3 25 | $206.3M | $167.7M | ||
| Q2 25 | $65.0M | $101.1M | ||
| Q1 25 | $-53.8M | $-23.2M | ||
| Q4 24 | $94.8M | — | ||
| Q3 24 | $270.3M | — | ||
| Q2 24 | $115.8M | $61.4M | ||
| Q1 24 | $-4.8M | $-17.5M |
自由现金流率CMCPRMB
| Q4 25 | 3.7% | 3.7% | ||
| Q3 25 | 9.8% | 9.5% | ||
| Q2 25 | 3.2% | 5.8% | ||
| Q1 25 | -3.1% | -1.4% | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 13.5% | — | ||
| Q2 24 | 5.6% | 4.7% | ||
| Q1 24 | -0.3% | -1.5% |
资本支出强度CMCPRMB
| Q4 25 | 5.9% | 9.4% | ||
| Q3 25 | 5.2% | 6.6% | ||
| Q2 25 | 4.4% | 3.1% | ||
| Q1 25 | 4.9% | 3.8% | ||
| Q4 24 | 6.2% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 3.9% | 3.1% | ||
| Q1 24 | 5.1% | 2.1% |
现金转化率CMCPRMB
| Q4 25 | 1.15× | — | ||
| Q3 25 | 2.08× | 16.87× | ||
| Q2 25 | 1.86× | 5.62× | ||
| Q1 25 | 1.27× | 1.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.39× | — | ||
| Q2 24 | 1.66× | 1.88× | ||
| Q1 24 | 1.04× | 0.18× |
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
