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COMMERCIAL METALS Co（CMC）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是COMMERCIAL METALS Co的1.3倍（$2.7B vs $2.1B），COMMERCIAL METALS Co净利率更高（8.4% vs 2.5%，领先5.8%），Rocket Companies, Inc.同比增速更快（52.2% vs 11.0%），COMMERCIAL METALS Co自由现金流更多（$78.8M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
CMC vs RKT — 直观对比
营收规模更大
RKT
是对方的1.3倍
$2.1B
营收增速更快
RKT
高出41.1%
11.0%
净利率更高
CMC
高出5.8%
2.5%
自由现金流更多
CMC
多$1.3B
$-1.3B
两年增速更快
RKT
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.7B |
| 净利润 | $177.3M | $68.0M |
| 毛利率 | 19.2% | — |
| 营业利润率 | 8.6% | 6.3% |
| 净利率 | 8.4% | 2.5% |
| 营收同比 | 11.0% | 52.2% |
| 净利润同比 | 200.9% | 100.8% |
| 每股收益（稀释后） | $1.58 | $0.10 |
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CMCRKT
| Q4 25 | $2.1B | $2.7B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $1.8B | $1.0B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $2.0B | $646.9M | ||
| Q2 24 | $2.1B | $1.3B | ||
| Q1 24 | $1.8B | $1.4B |
净利润CMCRKT
| Q4 25 | $177.3M | $68.0M | ||
| Q3 25 | $151.8M | $-123.9M | ||
| Q2 25 | $83.1M | $-1.8M | ||
| Q1 25 | $25.5M | $-10.4M | ||
| Q4 24 | $-175.7M | $33.9M | ||
| Q3 24 | $103.9M | $-22.0M | ||
| Q2 24 | $119.4M | $1.3M | ||
| Q1 24 | $85.8M | $16.2M |
毛利率CMCRKT
| Q4 25 | 19.2% | — | ||
| Q3 25 | 18.6% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 12.5% | — | ||
| Q4 24 | 16.1% | 58.9% | ||
| Q3 24 | 16.2% | -8.4% | ||
| Q2 24 | 16.4% | 47.4% | ||
| Q1 24 | 16.0% | 51.2% |
营业利润率CMCRKT
| Q4 25 | 8.6% | 6.3% | ||
| Q3 25 | 9.1% | -11.5% | ||
| Q2 25 | 5.4% | 1.8% | ||
| Q1 25 | 2.1% | -21.5% | ||
| Q4 24 | -12.1% | 38.1% | ||
| Q3 24 | 6.7% | -76.9% | ||
| Q2 24 | 7.7% | 14.8% | ||
| Q1 24 | 6.3% | 21.6% |
净利率CMCRKT
| Q4 25 | 8.4% | 2.5% | ||
| Q3 25 | 7.2% | -7.7% | ||
| Q2 25 | 4.1% | -0.1% | ||
| Q1 25 | 1.5% | -1.0% | ||
| Q4 24 | -9.2% | 1.9% | ||
| Q3 24 | 5.2% | -3.4% | ||
| Q2 24 | 5.7% | 0.1% | ||
| Q1 24 | 4.6% | 1.2% |
每股收益（稀释后）CMCRKT
| Q4 25 | $1.58 | $0.10 | ||
| Q3 25 | $1.33 | $-0.06 | ||
| Q2 25 | $0.73 | $-0.01 | ||
| Q1 25 | $0.22 | $-0.08 | ||
| Q4 24 | $-1.54 | $0.28 | ||
| Q3 24 | $0.90 | $-0.19 | ||
| Q2 24 | $1.02 | $0.01 | ||
| Q1 24 | $0.73 | $0.11 |
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 | $2.7B |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $4.3B | $22.9B |
| 总资产 | $9.2B | $60.7B |
| 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CMCRKT
| Q4 25 | $1.0B | $2.7B | ||
| Q3 25 | $1.0B | $5.8B | ||
| Q2 25 | $893.0M | $5.1B | ||
| Q1 25 | $758.4M | $1.4B | ||
| Q4 24 | $856.1M | $1.3B | ||
| Q3 24 | $857.9M | $1.2B | ||
| Q2 24 | $698.3M | $1.3B | ||
| Q1 24 | $638.3M | $861.4M |
总债务CMCRKT
| 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CMCRKT
| Q4 25 | $4.3B | $22.9B | ||
| Q3 25 | $4.2B | $8.9B | ||
| Q2 25 | $4.1B | $7.4B | ||
| Q1 25 | $4.0B | $8.6B | ||
| Q4 24 | $4.0B | $9.0B | ||
| Q3 24 | $4.3B | $8.4B | ||
| Q2 24 | $4.3B | $8.8B | ||
| Q1 24 | $4.2B | $8.6B |
总资产CMCRKT
| Q4 25 | $9.2B | $60.7B | ||
| Q3 25 | $7.2B | $33.6B | ||
| Q2 25 | $7.0B | $30.4B | ||
| Q1 25 | $6.7B | $25.3B | ||
| Q4 24 | $6.8B | $24.5B | ||
| Q3 24 | $6.8B | $25.1B | ||
| Q2 24 | $6.7B | $23.6B | ||
| Q1 24 | $6.7B | $22.2B |
负债/权益比CMCRKT
| 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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $78.8M | $-1.3B |
| 自由现金流率自由现金流/营收 | 3.7% | -47.2% |
| 资本支出强度资本支出/营收 | 5.9% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.15× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $296.2M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流CMCRKT
| Q4 25 | $204.2M | $-1.2B | ||
| Q3 25 | $315.2M | $-50.3M | ||
| Q2 25 | $154.4M | $-1.9B | ||
| Q1 25 | $32.4M | $-797.0M | ||
| Q4 24 | $213.0M | $1.8B | ||
| Q3 24 | $351.8M | $-1.3B | ||
| Q2 24 | $197.9M | $-122.3M | ||
| Q1 24 | $89.0M | $-3.0B |
自由现金流CMCRKT
| Q4 25 | $78.8M | $-1.3B | ||
| Q3 25 | $206.3M | $-71.8M | ||
| Q2 25 | $65.0M | $-1.9B | ||
| Q1 25 | $-53.8M | $-811.0M | ||
| Q4 24 | $94.8M | $1.8B | ||
| Q3 24 | $270.3M | $-1.4B | ||
| Q2 24 | $115.8M | $-138.3M | ||
| Q1 24 | $-4.8M | $-3.0B |
自由现金流率CMCRKT
| Q4 25 | 3.7% | -47.2% | ||
| Q3 25 | 9.8% | -4.5% | ||
| Q2 25 | 3.2% | -137.2% | ||
| Q1 25 | -3.1% | -78.2% | ||
| Q4 24 | 5.0% | 103.1% | ||
| Q3 24 | 13.5% | -209.6% | ||
| Q2 24 | 5.6% | -10.6% | ||
| Q1 24 | -0.3% | -218.7% |
资本支出强度CMCRKT
| Q4 25 | 5.9% | 1.5% | ||
| Q3 25 | 5.2% | 1.3% | ||
| Q2 25 | 4.4% | 1.1% | ||
| Q1 25 | 4.9% | 1.4% | ||
| Q4 24 | 6.2% | 1.1% | ||
| Q3 24 | 4.1% | 2.9% | ||
| Q2 24 | 3.9% | 1.2% | ||
| Q1 24 | 5.1% | 1.0% |
现金转化率CMCRKT
| Q4 25 | 1.15× | -18.08× | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | 1.27× | — | ||
| Q4 24 | — | 54.42× | ||
| Q3 24 | 3.39× | — | ||
| Q2 24 | 1.66× | -94.46× | ||
| Q1 24 | 1.04× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
