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COMMERCIAL METALS Co（CMC）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Raymond James Financial的季度营收约是COMMERCIAL METALS Co的1.8倍（$3.9B vs $2.1B），Raymond James Financial净利率更高（14.1% vs 8.4%，领先5.7%），Raymond James Financial同比增速更快（13.0% vs 11.0%），过去两年COMMERCIAL METALS Co的营收复合增速更高（7.1% vs 1.3%）
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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
CMC vs RJF — 直观对比
营收规模更大
RJF
是对方的1.8倍
$2.1B
营收增速更快
RJF
高出2.0%
11.0%
净利率更高
RJF
高出5.7%
8.4%
两年增速更快
CMC
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.9B |
| 净利润 | $177.3M | $544.0M |
| 毛利率 | 19.2% | — |
| 营业利润率 | 8.6% | — |
| 净利率 | 8.4% | 14.1% |
| 营收同比 | 11.0% | 13.0% |
| 净利润同比 | 200.9% | 10.0% |
| 每股收益（稀释后） | $1.58 | $2.83 |
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CMCRJF
| Q1 26 | — | $3.9B | ||
| Q4 25 | $2.1B | $4.2B | ||
| Q3 25 | $2.1B | $4.2B | ||
| Q2 25 | $2.0B | $3.8B | ||
| Q1 25 | $1.8B | $3.8B | ||
| Q4 24 | $1.9B | $4.0B | ||
| Q3 24 | $2.0B | $4.0B | ||
| Q2 24 | $2.1B | $3.8B |
净利润CMCRJF
| Q1 26 | — | $544.0M | ||
| Q4 25 | $177.3M | $563.0M | ||
| Q3 25 | $151.8M | $604.0M | ||
| Q2 25 | $83.1M | $436.0M | ||
| Q1 25 | $25.5M | $495.0M | ||
| Q4 24 | $-175.7M | $600.0M | ||
| Q3 24 | $103.9M | $602.0M | ||
| Q2 24 | $119.4M | $492.0M |
毛利率CMCRJF
| 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CMCRJF
| Q1 26 | — | — | ||
| Q4 25 | 8.6% | — | ||
| Q3 25 | 9.1% | — | ||
| Q2 25 | 5.4% | 14.7% | ||
| Q1 25 | 2.1% | 17.5% | ||
| Q4 24 | -12.1% | 18.6% | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 7.7% | 17.1% |
净利率CMCRJF
| Q1 26 | — | 14.1% | ||
| Q4 25 | 8.4% | 13.5% | ||
| Q3 25 | 7.2% | 14.4% | ||
| Q2 25 | 4.1% | 11.3% | ||
| Q1 25 | 1.5% | 12.9% | ||
| Q4 24 | -9.2% | 14.9% | ||
| Q3 24 | 5.2% | 15.0% | ||
| Q2 24 | 5.7% | 13.1% |
每股收益（稀释后）CMCRJF
| Q1 26 | — | $2.83 | ||
| Q4 25 | $1.58 | $2.79 | ||
| Q3 25 | $1.33 | $2.96 | ||
| Q2 25 | $0.73 | $2.12 | ||
| Q1 25 | $0.22 | $2.36 | ||
| Q4 24 | $-1.54 | $2.86 | ||
| Q3 24 | $0.90 | $2.85 | ||
| Q2 24 | $1.02 | $2.31 |
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 | $5.4B |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $4.3B | $52.0M |
| 总资产 | $9.2B | $91.9B |
| 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CMCRJF
| Q1 26 | — | $5.4B | ||
| Q4 25 | $1.0B | $9.9B | ||
| Q3 25 | $1.0B | $11.4B | ||
| Q2 25 | $893.0M | $9.2B | ||
| Q1 25 | $758.4M | $9.7B | ||
| Q4 24 | $856.1M | $10.0B | ||
| Q3 24 | $857.9M | $11.0B | ||
| Q2 24 | $698.3M | $9.1B |
总债务CMCRJF
| Q1 26 | — | — | ||
| 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CMCRJF
| Q1 26 | — | $52.0M | ||
| Q4 25 | $4.3B | $12.6B | ||
| Q3 25 | $4.2B | $12.5B | ||
| Q2 25 | $4.1B | $12.3B | ||
| Q1 25 | $4.0B | $12.2B | ||
| Q4 24 | $4.0B | $11.9B | ||
| Q3 24 | $4.3B | $11.7B | ||
| Q2 24 | $4.3B | $11.2B |
总资产CMCRJF
| Q1 26 | — | $91.9B | ||
| Q4 25 | $9.2B | $88.8B | ||
| Q3 25 | $7.2B | $88.2B | ||
| Q2 25 | $7.0B | $84.8B | ||
| Q1 25 | $6.7B | $83.1B | ||
| Q4 24 | $6.8B | $82.3B | ||
| Q3 24 | $6.8B | $83.0B | ||
| Q2 24 | $6.7B | $80.6B |
负债/权益比CMCRJF
| Q1 26 | — | — | ||
| 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CMCRJF
| Q1 26 | — | — | ||
| Q4 25 | $204.2M | $-10.0M | ||
| Q3 25 | $315.2M | $796.0M | ||
| Q2 25 | $154.4M | $691.0M | ||
| Q1 25 | $32.4M | $117.0M | ||
| Q4 24 | $213.0M | $830.0M | ||
| Q3 24 | $351.8M | $510.0M | ||
| Q2 24 | $197.9M | $711.0M |
自由现金流CMCRJF
| Q1 26 | — | — | ||
| Q4 25 | $78.8M | $-56.0M | ||
| Q3 25 | $206.3M | $752.0M | ||
| Q2 25 | $65.0M | $634.0M | ||
| Q1 25 | $-53.8M | $71.0M | ||
| Q4 24 | $94.8M | $789.0M | ||
| Q3 24 | $270.3M | $460.0M | ||
| Q2 24 | $115.8M | $655.0M |
自由现金流率CMCRJF
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | -1.3% | ||
| Q3 25 | 9.8% | 17.9% | ||
| Q2 25 | 3.2% | 16.5% | ||
| Q1 25 | -3.1% | 1.8% | ||
| Q4 24 | 5.0% | 19.6% | ||
| Q3 24 | 13.5% | 11.5% | ||
| Q2 24 | 5.6% | 17.4% |
资本支出强度CMCRJF
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 1.1% | ||
| Q3 25 | 5.2% | 1.1% | ||
| Q2 25 | 4.4% | 1.5% | ||
| Q1 25 | 4.9% | 1.2% | ||
| Q4 24 | 6.2% | 1.0% | ||
| Q3 24 | 4.1% | 1.2% | ||
| Q2 24 | 3.9% | 1.5% |
现金转化率CMCRJF
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | -0.02× | ||
| Q3 25 | 2.08× | 1.32× | ||
| Q2 25 | 1.86× | 1.58× | ||
| Q1 25 | 1.27× | 0.24× | ||
| Q4 24 | — | 1.38× | ||
| Q3 24 | 3.39× | 0.85× | ||
| Q2 24 | 1.66× | 1.45× |
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% |
RJF
| Private Client Group | $2.8B | 73% |
| Bank | $486.0M | 13% |
| Capital Markets | $464.0M | 12% |
| Other | $99.0M | 3% |
