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COMMERCIAL METALS Co（CMC）与罗克韦尔自动化（ROK）财务数据对比。点击上方公司名可切换其他公司
COMMERCIAL METALS Co的季度营收约是罗克韦尔自动化的1.0倍（$2.1B vs $2.1B），罗克韦尔自动化净利率更高（14.5% vs 8.4%，领先6.1%），罗克韦尔自动化同比增速更快（11.9% vs 11.0%），罗克韦尔自动化自由现金流更多（$170.0M vs $78.8M），过去两年COMMERCIAL METALS Co的营收复合增速更高（7.1% vs -0.5%）
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。
罗克韦尔自动化是总部位于美国威斯康星州密尔沃基的工业自动化及数字化转型技术提供商，旗下拥有Allen-Bradley、FactoryTalk软件、LifecycleIQ服务等核心品牌，全球员工约2.7万人，服务覆盖100多个国家和地区的客户。
CMC vs ROK — 直观对比
营收规模更大
CMC
是对方的1.0倍
$2.1B
营收增速更快
ROK
高出0.9%
11.0%
净利率更高
ROK
高出6.1%
8.4%
自由现金流更多
ROK
多$91.3M
$78.8M
两年增速更快
CMC
近两年复合增速
-0.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.1B |
| 净利润 | $177.3M | $305.0M |
| 毛利率 | 19.2% | 48.3% |
| 营业利润率 | 8.6% | 20.7% |
| 净利率 | 8.4% | 14.5% |
| 营收同比 | 11.0% | 11.9% |
| 净利润同比 | 200.9% | 65.8% |
| 每股收益（稀释后） | $1.58 | $2.69 |
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CMCROK
| Q4 25 | $2.1B | $2.1B | ||
| Q3 25 | $2.1B | $2.3B | ||
| Q2 25 | $2.0B | $2.1B | ||
| Q1 25 | $1.8B | $2.0B | ||
| Q4 24 | $1.9B | $1.9B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $2.1B | $2.1B | ||
| Q1 24 | $1.8B | $2.1B |
净利润CMCROK
| Q4 25 | $177.3M | $305.0M | ||
| Q3 25 | $151.8M | $138.0M | ||
| Q2 25 | $83.1M | $295.0M | ||
| Q1 25 | $25.5M | $252.0M | ||
| Q4 24 | $-175.7M | $184.0M | ||
| Q3 24 | $103.9M | $239.1M | ||
| Q2 24 | $119.4M | $232.0M | ||
| Q1 24 | $85.8M | $266.2M |
毛利率CMCROK
| Q4 25 | 19.2% | 48.3% | ||
| Q3 25 | 18.6% | 69.4% | ||
| Q2 25 | 14.8% | 40.9% | ||
| Q1 25 | 12.5% | 40.5% | ||
| Q4 24 | 16.1% | 38.4% | ||
| Q3 24 | 16.2% | 37.9% | ||
| Q2 24 | 16.4% | 38.8% | ||
| Q1 24 | 16.0% | 39.2% |
营业利润率CMCROK
| Q4 25 | 8.6% | 20.7% | ||
| Q3 25 | 9.1% | 2.7% | ||
| Q2 25 | 5.4% | 16.0% | ||
| Q1 25 | 2.1% | 14.9% | ||
| Q4 24 | -12.1% | 17.1% | ||
| Q3 24 | 6.7% | 13.5% | ||
| Q2 24 | 7.7% | 12.4% | ||
| Q1 24 | 6.3% | 14.6% |
净利率CMCROK
| Q4 25 | 8.4% | 14.5% | ||
| Q3 25 | 7.2% | 6.0% | ||
| Q2 25 | 4.1% | 13.8% | ||
| Q1 25 | 1.5% | 12.6% | ||
| Q4 24 | -9.2% | 9.8% | ||
| Q3 24 | 5.2% | 11.7% | ||
| Q2 24 | 5.7% | 11.3% | ||
| Q1 24 | 4.6% | 12.5% |
每股收益（稀释后）CMCROK
| Q4 25 | $1.58 | $2.69 | ||
| Q3 25 | $1.33 | $1.24 | ||
| Q2 25 | $0.73 | $2.60 | ||
| Q1 25 | $0.22 | $2.22 | ||
| Q4 24 | $-1.54 | $1.61 | ||
| Q3 24 | $0.90 | $2.09 | ||
| Q2 24 | $1.02 | $2.02 | ||
| Q1 24 | $0.73 | $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 | $444.0M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $4.3B | $3.7B |
| 总资产 | $9.2B | $11.2B |
| 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CMCROK
| Q4 25 | $1.0B | $444.0M | ||
| Q3 25 | $1.0B | $468.0M | ||
| Q2 25 | $893.0M | $495.0M | ||
| Q1 25 | $758.4M | $456.0M | ||
| Q4 24 | $856.1M | $477.0M | ||
| Q3 24 | $857.9M | $471.3M | ||
| Q2 24 | $698.3M | $407.0M | ||
| Q1 24 | $638.3M | $470.5M |
总债务CMCROK
| Q4 25 | $3.3B | — | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | $2.6B | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
股东权益CMCROK
| Q4 25 | $4.3B | $3.7B | ||
| Q3 25 | $4.2B | $3.7B | ||
| Q2 25 | $4.1B | $3.5B | ||
| Q1 25 | $4.0B | $3.4B | ||
| Q4 24 | $4.0B | $3.4B | ||
| Q3 24 | $4.3B | $3.5B | ||
| Q2 24 | $4.3B | $3.3B | ||
| Q1 24 | $4.2B | $3.5B |
总资产CMCROK
| Q4 25 | $9.2B | $11.2B | ||
| Q3 25 | $7.2B | $11.2B | ||
| Q2 25 | $7.0B | $11.2B | ||
| Q1 25 | $6.7B | $11.0B | ||
| Q4 24 | $6.8B | $10.9B | ||
| Q3 24 | $6.8B | $11.2B | ||
| Q2 24 | $6.7B | $11.2B | ||
| Q1 24 | $6.7B | $11.4B |
负债/权益比CMCROK
| Q4 25 | 0.77× | — | ||
| Q3 25 | 0.31× | 0.72× | ||
| Q2 25 | 0.32× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.27× | 0.73× | ||
| 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 | $234.0M |
| 自由现金流经营现金流 - 资本支出 | $78.8M | $170.0M |
| 自由现金流率自由现金流/营收 | 3.7% | 8.1% |
| 资本支出强度资本支出/营收 | 5.9% | 3.0% |
| 现金转化率经营现金流/净利润 | 1.15× | 0.77× |
| 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CMCROK
| Q4 25 | $204.2M | $234.0M | ||
| Q3 25 | $315.2M | $454.0M | ||
| Q2 25 | $154.4M | $527.0M | ||
| Q1 25 | $32.4M | $199.0M | ||
| Q4 24 | $213.0M | $364.0M | ||
| Q3 24 | $351.8M | $432.3M | ||
| Q2 24 | $197.9M | $279.1M | ||
| Q1 24 | $89.0M | $119.8M |
自由现金流CMCROK
| Q4 25 | $78.8M | $170.0M | ||
| Q3 25 | $206.3M | — | ||
| Q2 25 | $65.0M | $489.0M | ||
| Q1 25 | $-53.8M | $171.0M | ||
| Q4 24 | $94.8M | $293.0M | ||
| Q3 24 | $270.3M | — | ||
| Q2 24 | $115.8M | $238.4M | ||
| Q1 24 | $-4.8M | $68.6M |
自由现金流率CMCROK
| Q4 25 | 3.7% | 8.1% | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 3.2% | 22.8% | ||
| Q1 25 | -3.1% | 8.5% | ||
| Q4 24 | 5.0% | 15.6% | ||
| Q3 24 | 13.5% | — | ||
| Q2 24 | 5.6% | 11.6% | ||
| Q1 24 | -0.3% | 3.2% |
资本支出强度CMCROK
| Q4 25 | 5.9% | 3.0% | ||
| Q3 25 | 5.2% | — | ||
| Q2 25 | 4.4% | 1.8% | ||
| Q1 25 | 4.9% | 1.4% | ||
| Q4 24 | 6.2% | 3.8% | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 3.9% | 2.0% | ||
| Q1 24 | 5.1% | 2.4% |
现金转化率CMCROK
| Q4 25 | 1.15× | 0.77× | ||
| Q3 25 | 2.08× | 3.29× | ||
| Q2 25 | 1.86× | 1.79× | ||
| Q1 25 | 1.27× | 0.79× | ||
| Q4 24 | — | 1.98× | ||
| Q3 24 | 3.39× | 1.81× | ||
| Q2 24 | 1.66× | 1.20× | ||
| Q1 24 | 1.04× | 0.45× |
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% |
ROK
| Productsand Solutions | $1.9B | 89% |
| Lifecycle Services Segment | $259.0M | 12% |
