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芝商所（CME）与CSX Corporation（CSX）财务数据对比。点击上方公司名可切换其他公司
CSX Corporation的季度营收约是芝商所的1.9倍（$3.5B vs $1.9B），CSX Corporation净利率更高（23.2% vs 0.1%，领先23.1%），芝商所同比增速更快（14.5% vs 1.7%），过去两年芝商所的营收复合增速更高（10.8% vs -3.0%）
芝商所是总部位于美国伊利诺伊州芝加哥的金融服务企业，为全球规模最大的金融衍生品交易所运营商，旗下拥有芝加哥商品交易所、芝加哥期货交易所、纽约商业交易所、纽约商品交易所等交易平台，覆盖农产品、货币、能源等品类交易，同时持有标普道琼斯指数27%的股权。
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
CME vs CSX — 直观对比
营收规模更大
CSX
是对方的1.9倍
$1.9B
营收增速更快
CME
高出12.8%
1.7%
净利率更高
CSX
高出23.1%
0.1%
两年增速更快
CME
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.5B |
| 净利润 | $1.2M | $807.0M |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | 29.9% |
| 净利率 | 0.1% | 23.2% |
| 营收同比 | 14.5% | 1.7% |
| 净利润同比 | 20.7% | 401.2% |
| 每股收益（稀释后） | — | — |
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CMECSX
| Q1 26 | $1.9B | $3.5B | ||
| Q4 25 | $1.6B | $3.5B | ||
| Q3 25 | $1.5B | $3.6B | ||
| Q2 25 | $1.7B | $3.6B | ||
| Q1 25 | $1.6B | $3.4B | ||
| Q4 24 | $1.5B | $3.5B | ||
| Q3 24 | $1.6B | $3.6B | ||
| Q2 24 | $1.5B | $3.7B |
净利润CMECSX
| Q1 26 | $1.2M | $807.0M | ||
| Q4 25 | $1.2B | $720.0M | ||
| Q3 25 | $908.0M | $694.0M | ||
| Q2 25 | $1.0B | $829.0M | ||
| Q1 25 | $956.2M | $646.0M | ||
| Q4 24 | $874.6M | $720.0M | ||
| Q3 24 | $912.8M | $894.0M | ||
| Q2 24 | $883.2M | $963.0M |
营业利润率CMECSX
| Q1 26 | 0.1% | 29.9% | ||
| Q4 25 | 61.8% | 31.6% | ||
| Q3 25 | 63.3% | 30.3% | ||
| Q2 25 | 66.7% | 35.9% | ||
| Q1 25 | 67.5% | 30.4% | ||
| Q4 24 | 62.1% | 30.8% | ||
| Q3 24 | 64.6% | 37.4% | ||
| Q2 24 | 65.3% | 39.1% |
净利率CMECSX
| Q1 26 | 0.1% | 23.2% | ||
| Q4 25 | 71.7% | 20.5% | ||
| Q3 25 | 59.1% | 19.3% | ||
| Q2 25 | 60.6% | 23.2% | ||
| Q1 25 | 58.2% | 18.9% | ||
| Q4 24 | 57.3% | 20.3% | ||
| Q3 24 | 57.6% | 24.7% | ||
| Q2 24 | 57.6% | 26.0% |
每股收益（稀释后）CMECSX
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $0.39 | ||
| Q3 25 | $2.49 | $0.37 | ||
| Q2 25 | $2.81 | $0.44 | ||
| Q1 25 | $2.62 | $0.34 | ||
| Q4 24 | $2.40 | $0.38 | ||
| Q3 24 | $2.50 | $0.46 | ||
| Q2 24 | $2.42 | $0.49 |
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 | $2.4B | $1.1B |
| 总债务越低越好 | $3.4B | $18.9B |
| 股东权益账面价值 | — | $13.6B |
| 总资产 | $202.0B | $44.2B |
| 负债/权益比越低杠杆越低 | — | 1.39× |
8季度趋势，按日历期对齐
现金及短期投资CMECSX
| Q1 26 | $2.4B | $1.1B | ||
| Q4 25 | $4.5B | $5.0M | ||
| Q3 25 | $2.6B | $6.0M | ||
| Q2 25 | $2.1B | $6.0M | ||
| Q1 25 | $1.5B | $8.0M | ||
| Q4 24 | $3.0B | $72.0M | ||
| Q3 24 | $2.4B | $12.0M | ||
| Q2 24 | $1.9B | $4.0M |
总债务CMECSX
| Q1 26 | $3.4B | $18.9B | ||
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $18.6B | ||
| Q2 25 | — | $18.6B | ||
| Q1 25 | — | $18.5B | ||
| Q4 24 | — | $17.9B | ||
| Q3 24 | — | $18.5B | ||
| Q2 24 | — | $18.0B |
股东权益CMECSX
| Q1 26 | — | $13.6B | ||
| Q4 25 | $28.7B | $13.2B | ||
| Q3 25 | $28.2B | $12.8B | ||
| Q2 25 | $27.7B | $12.4B | ||
| Q1 25 | $27.0B | $12.2B | ||
| Q4 24 | $26.5B | $12.5B | ||
| Q3 24 | $28.2B | $12.9B | ||
| Q2 24 | $27.6B | $12.6B |
总资产CMECSX
| Q1 26 | $202.0B | $44.2B | ||
| Q4 25 | $198.4B | $43.7B | ||
| Q3 25 | $187.1B | $43.3B | ||
| Q2 25 | $179.9B | $42.9B | ||
| Q1 25 | $157.8B | $43.2B | ||
| Q4 24 | $137.4B | $42.8B | ||
| Q3 24 | $137.8B | $43.1B | ||
| Q2 24 | $123.4B | $42.4B |
负债/权益比CMECSX
| Q1 26 | — | 1.39× | ||
| Q4 25 | — | 1.38× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 1.50× | ||
| Q1 25 | — | 1.52× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.43× | ||
| Q2 24 | — | 1.42× |
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 | — | $1.3B |
| 自由现金流经营现金流 - 资本支出 | — | $793.0M |
| 自由现金流率自由现金流/营收 | — | 22.8% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.58× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流CMECSX
| Q1 26 | — | $1.3B | ||
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $968.1M | $1.3B | ||
| Q2 25 | $1.1B | $635.0M | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $776.9M | $1.1B |
自由现金流CMECSX
| Q1 26 | — | $793.0M | ||
| Q4 25 | $1.1B | $709.0M | ||
| Q3 25 | $949.7M | $607.0M | ||
| Q2 25 | $1.0B | $-141.0M | ||
| Q1 25 | $1.1B | $536.0M | ||
| Q4 24 | $991.7M | $550.0M | ||
| Q3 24 | $973.2M | $1.1B | ||
| Q2 24 | $758.7M | $547.0M |
自由现金流率CMECSX
| Q1 26 | — | 22.8% | ||
| Q4 25 | 66.8% | 20.2% | ||
| Q3 25 | 61.8% | 16.9% | ||
| Q2 25 | 61.5% | -3.9% | ||
| Q1 25 | 67.1% | 15.7% | ||
| Q4 24 | 65.0% | 15.5% | ||
| Q3 24 | 61.4% | 29.3% | ||
| Q2 24 | 49.5% | 14.8% |
资本支出强度CMECSX
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 19.3% | ||
| Q3 25 | 1.2% | 20.4% | ||
| Q2 25 | 1.1% | 21.7% | ||
| Q1 25 | 0.9% | 21.0% | ||
| Q4 24 | 1.7% | 23.7% | ||
| Q3 24 | 1.9% | 17.3% | ||
| Q2 24 | 1.2% | 14.6% |
现金转化率CMECSX
| Q1 26 | — | 1.58× | ||
| Q4 25 | 0.96× | 1.93× | ||
| Q3 25 | 1.07× | 1.93× | ||
| Q2 25 | 1.03× | 0.77× | ||
| Q1 25 | 1.17× | 1.94× | ||
| Q4 24 | 1.16× | 1.93× | ||
| Q3 24 | 1.10× | 1.89× | ||
| Q2 24 | 0.88× | 1.13× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
