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COMMERCIAL METALS Co（CMC）与SOMNIGROUP INTERNATIONAL INC.（SGI）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SOMNIGROUP INTERNATIONAL INC.的1.1倍（$2.1B vs $1.9B），COMMERCIAL METALS Co净利率更高（8.4% vs 7.5%，领先0.8%），SOMNIGROUP INTERNATIONAL INC.同比增速更快（54.7% vs 11.0%），COMMERCIAL METALS Co自由现金流更多（$78.8M vs $41.1M），过去两年SOMNIGROUP INTERNATIONAL INC.的营收复合增速更高（25.3% 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。
SOMNIGROUP INTERNATIONAL INC.是一家美国知名寝具制造企业，主营床垫及各类床上用品的研发、设计、生产与销售，旗下产品兼顾舒适体验与实用性能，供应美国本土及多个海外市场，在民用寝具领域拥有稳定的市场认可度。
CMC vs SGI — 直观对比
营收规模更大
CMC
是对方的1.1倍
$1.9B
营收增速更快
SGI
高出43.6%
11.0%
净利率更高
CMC
高出0.8%
7.5%
自由现金流更多
CMC
多$37.6M
$41.1M
两年增速更快
SGI
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.9B |
| 净利润 | $177.3M | $140.8M |
| 毛利率 | 19.2% | 44.0% |
| 营业利润率 | 8.6% | 13.2% |
| 净利率 | 8.4% | 7.5% |
| 营收同比 | 11.0% | 54.7% |
| 净利润同比 | 200.9% | 95.8% |
| 每股收益（稀释后） | $1.58 | $0.71 |
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CMCSGI
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $2.0B | $1.9B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $2.1B | $1.2B | ||
| Q1 24 | $1.8B | $1.2B |
净利润CMCSGI
| Q4 25 | $177.3M | $140.8M | ||
| Q3 25 | $151.8M | $177.4M | ||
| Q2 25 | $83.1M | $99.0M | ||
| Q1 25 | $25.5M | $-33.1M | ||
| Q4 24 | $-175.7M | $71.9M | ||
| Q3 24 | $103.9M | $130.0M | ||
| Q2 24 | $119.4M | $106.1M | ||
| Q1 24 | $85.8M | $76.3M |
毛利率CMCSGI
| Q4 25 | 19.2% | 44.0% | ||
| Q3 25 | 18.6% | 44.9% | ||
| Q2 25 | 14.8% | 44.0% | ||
| Q1 25 | 12.5% | 36.2% | ||
| Q4 24 | 16.1% | 43.3% | ||
| Q3 24 | 16.2% | 45.4% | ||
| Q2 24 | 16.4% | 44.9% | ||
| Q1 24 | 16.0% | 43.1% |
营业利润率CMCSGI
| Q4 25 | 8.6% | 13.2% | ||
| Q3 25 | 9.1% | 14.8% | ||
| Q2 25 | 5.4% | 9.6% | ||
| Q1 25 | 2.1% | 0.8% | ||
| Q4 24 | -12.1% | 10.6% | ||
| Q3 24 | 6.7% | 15.5% | ||
| Q2 24 | 7.7% | 14.0% | ||
| Q1 24 | 6.3% | 11.1% |
净利率CMCSGI
| Q4 25 | 8.4% | 7.5% | ||
| Q3 25 | 7.2% | 8.4% | ||
| Q2 25 | 4.1% | 5.3% | ||
| Q1 25 | 1.5% | -2.1% | ||
| Q4 24 | -9.2% | 6.0% | ||
| Q3 24 | 5.2% | 10.0% | ||
| Q2 24 | 5.7% | 8.6% | ||
| Q1 24 | 4.6% | 6.4% |
每股收益（稀释后）CMCSGI
| Q4 25 | $1.58 | $0.71 | ||
| Q3 25 | $1.33 | $0.83 | ||
| Q2 25 | $0.73 | $0.47 | ||
| Q1 25 | $0.22 | $-0.17 | ||
| Q4 24 | $-1.54 | $0.40 | ||
| Q3 24 | $0.90 | $0.73 | ||
| Q2 24 | $1.02 | $0.60 | ||
| Q1 24 | $0.73 | $0.43 |
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 | — |
| 总债务越低越好 | $3.3B | $4.6B |
| 股东权益账面价值 | $4.3B | $3.1B |
| 总资产 | $9.2B | $11.6B |
| 负债/权益比越低杠杆越低 | 0.77× | 1.47× |
8季度趋势，按日历期对齐
现金及短期投资CMCSGI
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $893.0M | — | ||
| Q1 25 | $758.4M | — | ||
| Q4 24 | $856.1M | — | ||
| Q3 24 | $857.9M | — | ||
| Q2 24 | $698.3M | — | ||
| Q1 24 | $638.3M | — |
总债务CMCSGI
| Q4 25 | $3.3B | $4.6B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.3B | $4.8B | ||
| Q1 25 | $1.2B | $4.9B | ||
| Q4 24 | $1.1B | $3.7B | ||
| Q3 24 | $1.2B | $2.2B | ||
| Q2 24 | $1.1B | $2.4B | ||
| Q1 24 | $1.1B | $2.5B |
股东权益CMCSGI
| Q4 25 | $4.3B | $3.1B | ||
| Q3 25 | $4.2B | $3.0B | ||
| Q2 25 | $4.1B | $2.8B | ||
| Q1 25 | $4.0B | $2.7B | ||
| Q4 24 | $4.0B | $559.0M | ||
| Q3 24 | $4.3B | $564.5M | ||
| Q2 24 | $4.3B | $411.8M | ||
| Q1 24 | $4.2B | $326.6M |
总资产CMCSGI
| Q4 25 | $9.2B | $11.6B | ||
| Q3 25 | $7.2B | $11.4B | ||
| Q2 25 | $7.0B | $11.4B | ||
| Q1 25 | $6.7B | $11.3B | ||
| Q4 24 | $6.8B | $6.0B | ||
| Q3 24 | $6.8B | $4.6B | ||
| Q2 24 | $6.7B | $4.6B | ||
| Q1 24 | $6.7B | $4.6B |
负债/权益比CMCSGI
| Q4 25 | 0.77× | 1.47× | ||
| Q3 25 | 0.31× | 1.51× | ||
| Q2 25 | 0.32× | 1.69× | ||
| Q1 25 | 0.29× | 1.79× | ||
| Q4 24 | 0.29× | 6.69× | ||
| Q3 24 | 0.27× | 3.95× | ||
| Q2 24 | 0.27× | 5.92× | ||
| Q1 24 | 0.27× | 7.74× |
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 | $99.4M |
| 自由现金流经营现金流 - 资本支出 | $78.8M | $41.1M |
| 自由现金流率自由现金流/营收 | 3.7% | 2.2% |
| 资本支出强度资本支出/营收 | 5.9% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.15× | 0.71× |
| 过去12个月自由现金流最近4个季度 | $296.2M | $633.2M |
8季度趋势，按日历期对齐
经营现金流CMCSGI
| Q4 25 | $204.2M | $99.4M | ||
| Q3 25 | $315.2M | $408.2M | ||
| Q2 25 | $154.4M | $186.1M | ||
| Q1 25 | $32.4M | $106.4M | ||
| Q4 24 | $213.0M | $129.1M | ||
| Q3 24 | $351.8M | $256.6M | ||
| Q2 24 | $197.9M | $150.6M | ||
| Q1 24 | $89.0M | $130.2M |
自由现金流CMCSGI
| Q4 25 | $78.8M | $41.1M | ||
| Q3 25 | $206.3M | $360.3M | ||
| Q2 25 | $65.0M | $149.4M | ||
| Q1 25 | $-53.8M | $82.4M | ||
| Q4 24 | $94.8M | $108.2M | ||
| Q3 24 | $270.3M | $240.2M | ||
| Q2 24 | $115.8M | $122.1M | ||
| Q1 24 | $-4.8M | $98.7M |
自由现金流率CMCSGI
| Q4 25 | 3.7% | 2.2% | ||
| Q3 25 | 9.8% | 17.0% | ||
| Q2 25 | 3.2% | 7.9% | ||
| Q1 25 | -3.1% | 5.1% | ||
| Q4 24 | 5.0% | 9.0% | ||
| Q3 24 | 13.5% | 18.5% | ||
| Q2 24 | 5.6% | 9.9% | ||
| Q1 24 | -0.3% | 8.3% |
资本支出强度CMCSGI
| Q4 25 | 5.9% | 3.1% | ||
| Q3 25 | 5.2% | 2.3% | ||
| Q2 25 | 4.4% | 2.0% | ||
| Q1 25 | 4.9% | 1.5% | ||
| Q4 24 | 6.2% | 1.7% | ||
| Q3 24 | 4.1% | 1.3% | ||
| Q2 24 | 3.9% | 2.3% | ||
| Q1 24 | 5.1% | 2.6% |
现金转化率CMCSGI
| Q4 25 | 1.15× | 0.71× | ||
| Q3 25 | 2.08× | 2.30× | ||
| Q2 25 | 1.86× | 1.88× | ||
| Q1 25 | 1.27× | — | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | 3.39× | 1.97× | ||
| Q2 24 | 1.66× | 1.42× | ||
| Q1 24 | 1.04× | 1.71× |
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% |
SGI
| Mattress Firm Segment | $892.1M | 48% |
| Tempur Sealy North America Segment | $620.5M | 33% |
| Tempur Sealy International Segment | $355.8M | 19% |
