vs
COMMERCIAL METALS Co（CMC）与ROKU, INC（ROKU）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ROKU, INC的1.5倍（$2.1B vs $1.4B），COMMERCIAL METALS Co净利率更高（8.4% vs 5.8%，领先2.6%），ROKU, INC同比增速更快（16.1% vs 11.0%），ROKU, INC自由现金流更多（$106.6M vs $78.8M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
CMC vs ROKU — 直观对比
营收规模更大
CMC
是对方的1.5倍
$1.4B
营收增速更快
ROKU
高出5.1%
11.0%
净利率更高
CMC
高出2.6%
5.8%
自由现金流更多
ROKU
多$27.8M
$78.8M
两年增速更快
ROKU
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.4B |
| 净利润 | $177.3M | $80.5M |
| 毛利率 | 19.2% | 43.5% |
| 营业利润率 | 8.6% | 4.7% |
| 净利率 | 8.4% | 5.8% |
| 营收同比 | 11.0% | 16.1% |
| 净利润同比 | 200.9% | 326.4% |
| 每股收益（稀释后） | $1.58 | $0.55 |
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CMCROKU
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $1.8B | $1.0B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $2.1B | $968.2M | ||
| Q1 24 | $1.8B | $881.5M |
净利润CMCROKU
| Q4 25 | $177.3M | $80.5M | ||
| Q3 25 | $151.8M | $24.8M | ||
| Q2 25 | $83.1M | $10.5M | ||
| Q1 25 | $25.5M | $-27.4M | ||
| Q4 24 | $-175.7M | $-35.5M | ||
| Q3 24 | $103.9M | $-9.0M | ||
| Q2 24 | $119.4M | $-34.0M | ||
| Q1 24 | $85.8M | $-50.9M |
毛利率CMCROKU
| Q4 25 | 19.2% | 43.5% | ||
| Q3 25 | 18.6% | 43.4% | ||
| Q2 25 | 14.8% | 44.8% | ||
| Q1 25 | 12.5% | 43.6% | ||
| Q4 24 | 16.1% | 42.7% | ||
| Q3 24 | 16.2% | 45.2% | ||
| Q2 24 | 16.4% | 43.9% | ||
| Q1 24 | 16.0% | 44.1% |
营业利润率CMCROKU
| Q4 25 | 8.6% | 4.7% | ||
| Q3 25 | 9.1% | 0.8% | ||
| Q2 25 | 5.4% | -2.1% | ||
| Q1 25 | 2.1% | -5.7% | ||
| Q4 24 | -12.1% | -3.3% | ||
| Q3 24 | 6.7% | -3.4% | ||
| Q2 24 | 7.7% | -7.4% | ||
| Q1 24 | 6.3% | -8.2% |
净利率CMCROKU
| Q4 25 | 8.4% | 5.8% | ||
| Q3 25 | 7.2% | 2.0% | ||
| Q2 25 | 4.1% | 0.9% | ||
| Q1 25 | 1.5% | -2.7% | ||
| Q4 24 | -9.2% | -3.0% | ||
| Q3 24 | 5.2% | -0.9% | ||
| Q2 24 | 5.7% | -3.5% | ||
| Q1 24 | 4.6% | -5.8% |
每股收益（稀释后）CMCROKU
| Q4 25 | $1.58 | $0.55 | ||
| Q3 25 | $1.33 | $0.16 | ||
| Q2 25 | $0.73 | $0.07 | ||
| Q1 25 | $0.22 | $-0.19 | ||
| Q4 24 | $-1.54 | $-0.24 | ||
| Q3 24 | $0.90 | $-0.06 | ||
| Q2 24 | $1.02 | $-0.24 | ||
| Q1 24 | $0.73 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $4.3B | $2.7B |
| 总资产 | $9.2B | $4.4B |
| 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CMCROKU
| Q4 25 | $1.0B | $2.3B | ||
| Q3 25 | $1.0B | $2.3B | ||
| Q2 25 | $893.0M | $2.3B | ||
| Q1 25 | $758.4M | $2.3B | ||
| Q4 24 | $856.1M | $2.2B | ||
| Q3 24 | $857.9M | $2.1B | ||
| Q2 24 | $698.3M | $2.1B | ||
| Q1 24 | $638.3M | $2.1B |
总债务CMCROKU
| 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CMCROKU
| Q4 25 | $4.3B | $2.7B | ||
| Q3 25 | $4.2B | $2.6B | ||
| Q2 25 | $4.1B | $2.6B | ||
| Q1 25 | $4.0B | $2.5B | ||
| Q4 24 | $4.0B | $2.5B | ||
| Q3 24 | $4.3B | $2.5B | ||
| Q2 24 | $4.3B | $2.4B | ||
| Q1 24 | $4.2B | $2.4B |
总资产CMCROKU
| Q4 25 | $9.2B | $4.4B | ||
| Q3 25 | $7.2B | $4.4B | ||
| Q2 25 | $7.0B | $4.3B | ||
| Q1 25 | $6.7B | $4.2B | ||
| Q4 24 | $6.8B | $4.3B | ||
| Q3 24 | $6.8B | $4.3B | ||
| Q2 24 | $6.7B | $4.1B | ||
| Q1 24 | $6.7B | $4.2B |
负债/权益比CMCROKU
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $78.8M | $106.6M |
| 自由现金流率自由现金流/营收 | 3.7% | 7.6% |
| 资本支出强度资本支出/营收 | 5.9% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.15× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $296.2M | $478.4M |
8季度趋势，按日历期对齐
经营现金流CMCROKU
| Q4 25 | $204.2M | $107.7M | ||
| Q3 25 | $315.2M | $127.6M | ||
| Q2 25 | $154.4M | $109.7M | ||
| Q1 25 | $32.4M | $138.7M | ||
| Q4 24 | $213.0M | $79.3M | ||
| Q3 24 | $351.8M | $68.7M | ||
| Q2 24 | $197.9M | $23.4M | ||
| Q1 24 | $89.0M | $46.7M |
自由现金流CMCROKU
| Q4 25 | $78.8M | $106.6M | ||
| Q3 25 | $206.3M | $126.5M | ||
| Q2 25 | $65.0M | $108.6M | ||
| Q1 25 | $-53.8M | $136.8M | ||
| Q4 24 | $94.8M | $76.8M | ||
| Q3 24 | $270.3M | $67.6M | ||
| Q2 24 | $115.8M | $22.5M | ||
| Q1 24 | $-4.8M | $46.0M |
自由现金流率CMCROKU
| Q4 25 | 3.7% | 7.6% | ||
| Q3 25 | 9.8% | 10.4% | ||
| Q2 25 | 3.2% | 9.8% | ||
| Q1 25 | -3.1% | 13.4% | ||
| Q4 24 | 5.0% | 6.4% | ||
| Q3 24 | 13.5% | 6.4% | ||
| Q2 24 | 5.6% | 2.3% | ||
| Q1 24 | -0.3% | 5.2% |
资本支出强度CMCROKU
| Q4 25 | 5.9% | 0.1% | ||
| Q3 25 | 5.2% | 0.1% | ||
| Q2 25 | 4.4% | 0.1% | ||
| Q1 25 | 4.9% | 0.2% | ||
| Q4 24 | 6.2% | 0.2% | ||
| Q3 24 | 4.1% | 0.1% | ||
| Q2 24 | 3.9% | 0.1% | ||
| Q1 24 | 5.1% | 0.1% |
现金转化率CMCROKU
| Q4 25 | 1.15× | 1.34× | ||
| Q3 25 | 2.08× | 5.14× | ||
| Q2 25 | 1.86× | 10.45× | ||
| Q1 25 | 1.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.39× | — | ||
| Q2 24 | 1.66× | — | ||
| Q1 24 | 1.04× | — |
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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
