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COMMERCIAL METALS Co（CMC）与TITAN INTERNATIONAL INC（TWI）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TITAN INTERNATIONAL INC的5.2倍（$2.1B vs $410.4M）。COMMERCIAL METALS Co净利率更高（8.4% vs -13.7%，领先22.0%）。COMMERCIAL METALS Co同比增速更快（11.0% vs 7.0%）。COMMERCIAL METALS Co自由现金流更多（$78.8M vs $-5.1M）。过去两年COMMERCIAL METALS Co的营收复合增速更高（7.1% vs -7.7%）
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。
泰坦轮胎公司是一家美国轮胎企业，1993年由小莫里斯·泰勒成立，泰勒彼时已是泰坦车轮公司的所有者。公司成立之初收购了生产各类越野轮胎的戴尼尔公司，1994年又收购了倍耐力阿姆斯特朗轮胎公司的越野轮胎资产，目前是北美地区规模最大的越野轮胎生产商之一。
CMC vs TWI — 直观对比
营收规模更大
CMC
是对方的5.2倍
$410.4M
营收增速更快
CMC
高出4.0%
7.0%
净利率更高
CMC
高出22.0%
-13.7%
自由现金流更多
CMC
多$83.8M
$-5.1M
两年增速更快
CMC
近两年复合增速
-7.7%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $410.4M |
| 净利润 | $177.3M | $-56.0M |
| 毛利率 | 19.2% | 10.9% |
| 营业利润率 | 8.6% | -2.7% |
| 净利率 | 8.4% | -13.7% |
| 营收同比 | 11.0% | 7.0% |
| 净利润同比 | 200.9% | -4285.1% |
| 每股收益（稀释后） | $1.58 | $-0.88 |
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CMCTWI
| Q4 25 | $2.1B | $410.4M | ||
| Q3 25 | $2.1B | $466.5M | ||
| Q2 25 | $2.0B | $460.8M | ||
| Q1 25 | $1.8B | $490.7M | ||
| Q4 24 | $1.9B | $383.6M | ||
| Q3 24 | $2.0B | $448.0M | ||
| Q2 24 | $2.1B | $532.2M | ||
| Q1 24 | $1.8B | $482.2M |
净利润CMCTWI
| Q4 25 | $177.3M | $-56.0M | ||
| Q3 25 | $151.8M | $-2.3M | ||
| Q2 25 | $83.1M | $-4.5M | ||
| Q1 25 | $25.5M | $-649.0K | ||
| Q4 24 | $-175.7M | $1.3M | ||
| Q3 24 | $103.9M | $-18.2M | ||
| Q2 24 | $119.4M | $2.1M | ||
| Q1 24 | $85.8M | $9.2M |
毛利率CMCTWI
| Q4 25 | 19.2% | 10.9% | ||
| Q3 25 | 18.6% | 15.2% | ||
| Q2 25 | 14.8% | 15.0% | ||
| Q1 25 | 12.5% | 14.0% | ||
| Q4 24 | 16.1% | 10.7% | ||
| Q3 24 | 16.2% | 13.1% | ||
| Q2 24 | 16.4% | 15.1% | ||
| Q1 24 | 16.0% | 16.0% |
营业利润率CMCTWI
| Q4 25 | 8.6% | -2.7% | ||
| Q3 25 | 9.1% | 2.1% | ||
| Q2 25 | 5.4% | 2.2% | ||
| Q1 25 | 2.1% | 2.4% | ||
| Q4 24 | -12.1% | -4.4% | ||
| Q3 24 | 6.7% | 0.6% | ||
| Q2 24 | 7.7% | 4.2% | ||
| Q1 24 | 6.3% | 5.2% |
净利率CMCTWI
| Q4 25 | 8.4% | -13.7% | ||
| Q3 25 | 7.2% | -0.5% | ||
| Q2 25 | 4.1% | -1.0% | ||
| Q1 25 | 1.5% | -0.1% | ||
| Q4 24 | -9.2% | 0.3% | ||
| Q3 24 | 5.2% | -4.1% | ||
| Q2 24 | 5.7% | 0.4% | ||
| Q1 24 | 4.6% | 1.9% |
每股收益（稀释后）CMCTWI
| Q4 25 | $1.58 | $-0.88 | ||
| Q3 25 | $1.33 | $-0.04 | ||
| Q2 25 | $0.73 | $-0.07 | ||
| Q1 25 | $0.22 | $-0.01 | ||
| Q4 24 | $-1.54 | $-0.00 | ||
| Q3 24 | $0.90 | $-0.25 | ||
| Q2 24 | $1.02 | $0.03 | ||
| Q1 24 | $0.73 | $0.14 |
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 | $202.9M |
| 总债务越低越好 | $3.3B | $564.7M |
| 股东权益账面价值 | $4.3B | $514.4M |
| 总资产 | $9.2B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.77× | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资CMCTWI
| Q4 25 | $1.0B | $202.9M | ||
| Q3 25 | $1.0B | $205.4M | ||
| Q2 25 | $893.0M | $184.7M | ||
| Q1 25 | $758.4M | $174.4M | ||
| Q4 24 | $856.1M | $196.0M | ||
| Q3 24 | $857.9M | $227.3M | ||
| Q2 24 | $698.3M | $224.1M | ||
| Q1 24 | $638.3M | — |
总债务CMCTWI
| Q4 25 | $3.3B | $564.7M | ||
| Q3 25 | $1.3B | $556.8M | ||
| Q2 25 | $1.3B | $565.9M | ||
| Q1 25 | $1.2B | $571.6M | ||
| Q4 24 | $1.1B | $553.0M | ||
| Q3 24 | $1.2B | $503.4M | ||
| Q2 24 | $1.1B | $535.9M | ||
| Q1 24 | $1.1B | $554.4M |
股东权益CMCTWI
| Q4 25 | $4.3B | $514.4M | ||
| Q3 25 | $4.2B | $569.1M | ||
| Q2 25 | $4.1B | $570.5M | ||
| Q1 25 | $4.0B | $534.3M | ||
| Q4 24 | $4.0B | $496.1M | ||
| Q3 24 | $4.3B | $597.8M | ||
| Q2 24 | $4.3B | $609.3M | ||
| Q1 24 | $4.2B | $630.1M |
总资产CMCTWI
| Q4 25 | $9.2B | $1.7B | ||
| Q3 25 | $7.2B | $1.8B | ||
| Q2 25 | $7.0B | $1.8B | ||
| Q1 25 | $6.7B | $1.7B | ||
| Q4 24 | $6.8B | $1.6B | ||
| Q3 24 | $6.8B | $1.7B | ||
| Q2 24 | $6.7B | $1.7B | ||
| Q1 24 | $6.7B | $1.8B |
负债/权益比CMCTWI
| Q4 25 | 0.77× | 1.10× | ||
| Q3 25 | 0.31× | 0.98× | ||
| Q2 25 | 0.32× | 0.99× | ||
| Q1 25 | 0.29× | 1.07× | ||
| Q4 24 | 0.29× | 1.11× | ||
| Q3 24 | 0.27× | 0.84× | ||
| Q2 24 | 0.27× | 0.88× | ||
| Q1 24 | 0.27× | 0.88× |
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 | $12.8M |
| 自由现金流经营现金流 - 资本支出 | $78.8M | $-5.1M |
| 自由现金流率自由现金流/营收 | 3.7% | -1.2% |
| 资本支出强度资本支出/营收 | 5.9% | 4.4% |
| 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 | $-24.6M |
8季度趋势，按日历期对齐
经营现金流CMCTWI
| Q4 25 | $204.2M | $12.8M | ||
| Q3 25 | $315.2M | $41.5M | ||
| Q2 25 | $154.4M | $14.3M | ||
| Q1 25 | $32.4M | $-38.6M | ||
| Q4 24 | $213.0M | $8.7M | ||
| Q3 24 | $351.8M | $59.9M | ||
| Q2 24 | $197.9M | $70.8M | ||
| Q1 24 | $89.0M | $2.0M |
自由现金流CMCTWI
| Q4 25 | $78.8M | $-5.1M | ||
| Q3 25 | $206.3M | $29.9M | ||
| Q2 25 | $65.0M | $4.2M | ||
| Q1 25 | $-53.8M | $-53.6M | ||
| Q4 24 | $94.8M | $-4.6M | ||
| Q3 24 | $270.3M | $41.8M | ||
| Q2 24 | $115.8M | $53.2M | ||
| Q1 24 | $-4.8M | $-14.6M |
自由现金流率CMCTWI
| Q4 25 | 3.7% | -1.2% | ||
| Q3 25 | 9.8% | 6.4% | ||
| Q2 25 | 3.2% | 0.9% | ||
| Q1 25 | -3.1% | -10.9% | ||
| Q4 24 | 5.0% | -1.2% | ||
| Q3 24 | 13.5% | 9.3% | ||
| Q2 24 | 5.6% | 10.0% | ||
| Q1 24 | -0.3% | -3.0% |
资本支出强度CMCTWI
| Q4 25 | 5.9% | 4.4% | ||
| Q3 25 | 5.2% | 2.5% | ||
| Q2 25 | 4.4% | 2.2% | ||
| Q1 25 | 4.9% | 3.1% | ||
| Q4 24 | 6.2% | 3.5% | ||
| Q3 24 | 4.1% | 4.0% | ||
| Q2 24 | 3.9% | 3.3% | ||
| Q1 24 | 5.1% | 3.4% |
现金转化率CMCTWI
| Q4 25 | 1.15× | — | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | 1.27× | — | ||
| Q4 24 | — | 6.52× | ||
| Q3 24 | 3.39× | — | ||
| Q2 24 | 1.66× | 32.96× | ||
| Q1 24 | 1.04× | 0.22× |
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% |
TWI
| Wheels And Tires Including Assemblies | $151.3M | 37% |
| Earthmovingconstruction | $140.7M | 34% |
| Consumer | $108.5M | 26% |
| Undercarriage Systems And Components | $9.9M | 2% |
