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COMMERCIAL METALS Co（CMC）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
COMMERCIAL METALS Co的季度营收约是罗致恒富的1.6倍（$2.1B vs $1.3B），COMMERCIAL METALS Co同比增速更快（11.0% vs -5.8%），罗致恒富自由现金流更多（$170.8M vs $78.8M），过去两年COMMERCIAL METALS Co的营收复合增速更高（7.1% vs -6.1%）
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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
CMC vs RHI — 直观对比
营收规模更大
CMC
是对方的1.6倍
$1.3B
营收增速更快
CMC
高出16.8%
-5.8%
自由现金流更多
RHI
多$92.0M
$78.8M
两年增速更快
CMC
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.3B |
| 净利润 | $177.3M | — |
| 毛利率 | 19.2% | 37.6% |
| 营业利润率 | 8.6% | 1.7% |
| 净利率 | 8.4% | — |
| 营收同比 | 11.0% | -5.8% |
| 净利润同比 | 200.9% | — |
| 每股收益（稀释后） | $1.58 | $0.32 |
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CMCRHI
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $2.1B | $1.5B | ||
| Q1 24 | $1.8B | $1.5B |
净利润CMCRHI
| Q4 25 | $177.3M | — | ||
| Q3 25 | $151.8M | $42.9M | ||
| Q2 25 | $83.1M | $41.0M | ||
| Q1 25 | $25.5M | $17.4M | ||
| Q4 24 | $-175.7M | — | ||
| Q3 24 | $103.9M | $65.5M | ||
| Q2 24 | $119.4M | $68.2M | ||
| Q1 24 | $85.8M | $63.7M |
毛利率CMCRHI
| Q4 25 | 19.2% | 37.6% | ||
| Q3 25 | 18.6% | 37.2% | ||
| Q2 25 | 14.8% | 37.2% | ||
| Q1 25 | 12.5% | 36.9% | ||
| Q4 24 | 16.1% | 38.8% | ||
| Q3 24 | 16.2% | 39.0% | ||
| Q2 24 | 16.4% | 39.2% | ||
| Q1 24 | 16.0% | 38.1% |
营业利润率CMCRHI
| Q4 25 | 8.6% | 1.7% | ||
| Q3 25 | 9.1% | 1.0% | ||
| Q2 25 | 5.4% | 0.1% | ||
| Q1 25 | 2.1% | 2.9% | ||
| Q4 24 | -12.1% | 4.7% | ||
| Q3 24 | 6.7% | 4.1% | ||
| Q2 24 | 7.7% | 5.1% | ||
| Q1 24 | 6.3% | 2.8% |
净利率CMCRHI
| Q4 25 | 8.4% | — | ||
| Q3 25 | 7.2% | 3.2% | ||
| Q2 25 | 4.1% | 3.0% | ||
| Q1 25 | 1.5% | 1.3% | ||
| Q4 24 | -9.2% | — | ||
| Q3 24 | 5.2% | 4.5% | ||
| Q2 24 | 5.7% | 4.6% | ||
| Q1 24 | 4.6% | 4.3% |
每股收益（稀释后）CMCRHI
| Q4 25 | $1.58 | $0.32 | ||
| Q3 25 | $1.33 | $0.43 | ||
| Q2 25 | $0.73 | $0.41 | ||
| Q1 25 | $0.22 | $0.17 | ||
| Q4 24 | $-1.54 | $0.53 | ||
| Q3 24 | $0.90 | $0.64 | ||
| Q2 24 | $1.02 | $0.66 | ||
| Q1 24 | $0.73 | $0.61 |
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 | $464.4M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $4.3B | $1.3B |
| 总资产 | $9.2B | $2.9B |
| 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CMCRHI
| Q4 25 | $1.0B | $464.4M | ||
| Q3 25 | $1.0B | $365.3M | ||
| Q2 25 | $893.0M | $380.5M | ||
| Q1 25 | $758.4M | $342.5M | ||
| Q4 24 | $856.1M | $537.6M | ||
| Q3 24 | $857.9M | $570.5M | ||
| Q2 24 | $698.3M | $547.4M | ||
| Q1 24 | $638.3M | $540.9M |
总债务CMCRHI
| 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CMCRHI
| Q4 25 | $4.3B | $1.3B | ||
| Q3 25 | $4.2B | $1.3B | ||
| Q2 25 | $4.1B | $1.3B | ||
| Q1 25 | $4.0B | $1.3B | ||
| Q4 24 | $4.0B | $1.4B | ||
| Q3 24 | $4.3B | $1.5B | ||
| Q2 24 | $4.3B | $1.5B | ||
| Q1 24 | $4.2B | $1.5B |
总资产CMCRHI
| Q4 25 | $9.2B | $2.9B | ||
| Q3 25 | $7.2B | $2.8B | ||
| Q2 25 | $7.0B | $2.8B | ||
| Q1 25 | $6.7B | $2.7B | ||
| Q4 24 | $6.8B | $2.9B | ||
| Q3 24 | $6.8B | $3.0B | ||
| Q2 24 | $6.7B | $2.9B | ||
| Q1 24 | $6.7B | $2.9B |
负债/权益比CMCRHI
| 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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $78.8M | $170.8M |
| 自由现金流率自由现金流/营收 | 3.7% | 13.1% |
| 资本支出强度资本支出/营收 | 5.9% | 0.9% |
| 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 | $266.8M |
8季度趋势，按日历期对齐
经营现金流CMCRHI
| Q4 25 | $204.2M | $182.5M | ||
| Q3 25 | $315.2M | $77.4M | ||
| Q2 25 | $154.4M | $119.4M | ||
| Q1 25 | $32.4M | $-59.3M | ||
| Q4 24 | $213.0M | $154.8M | ||
| Q3 24 | $351.8M | $129.6M | ||
| Q2 24 | $197.9M | $142.0M | ||
| Q1 24 | $89.0M | $-15.9M |
自由现金流CMCRHI
| Q4 25 | $78.8M | $170.8M | ||
| Q3 25 | $206.3M | $63.6M | ||
| Q2 25 | $65.0M | $104.2M | ||
| Q1 25 | $-53.8M | $-71.7M | ||
| Q4 24 | $94.8M | $140.5M | ||
| Q3 24 | $270.3M | $111.8M | ||
| Q2 24 | $115.8M | $129.6M | ||
| Q1 24 | $-4.8M | $-27.7M |
自由现金流率CMCRHI
| Q4 25 | 3.7% | 13.1% | ||
| Q3 25 | 9.8% | 4.7% | ||
| Q2 25 | 3.2% | 7.6% | ||
| Q1 25 | -3.1% | -5.3% | ||
| Q4 24 | 5.0% | 10.2% | ||
| Q3 24 | 13.5% | 7.6% | ||
| Q2 24 | 5.6% | 8.8% | ||
| Q1 24 | -0.3% | -1.9% |
资本支出强度CMCRHI
| Q4 25 | 5.9% | 0.9% | ||
| Q3 25 | 5.2% | 1.0% | ||
| Q2 25 | 4.4% | 1.1% | ||
| Q1 25 | 4.9% | 0.9% | ||
| Q4 24 | 6.2% | 1.0% | ||
| Q3 24 | 4.1% | 1.2% | ||
| Q2 24 | 3.9% | 0.8% | ||
| Q1 24 | 5.1% | 0.8% |
现金转化率CMCRHI
| Q4 25 | 1.15× | — | ||
| Q3 25 | 2.08× | 1.80× | ||
| Q2 25 | 1.86× | 2.91× | ||
| Q1 25 | 1.27× | -3.42× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.39× | 1.98× | ||
| Q2 24 | 1.66× | 2.08× | ||
| Q1 24 | 1.04× | -0.25× |
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% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
