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芝商所（CME）与柯蒂斯-莱特（CW）财务数据对比。点击上方公司名可切换其他公司
芝商所的季度营收约是柯蒂斯-莱特的2.0倍（$1.9B vs $947.0M），柯蒂斯-莱特净利率更高（14.5% vs 0.1%，领先14.4%），柯蒂斯-莱特同比增速更快（14.9% vs 14.5%），过去两年柯蒂斯-莱特的营收复合增速更高（15.2% vs 10.8%）
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。
柯蒂斯-莱特公司是总部位于美国北卡罗来纳州戴维森的制造与服务提供商，在美国内外均设有工厂及业务网点。公司1929年由柯蒂斯、莱特及多家供应商合并成立，成立之初即为美国最大航空企业，二战期间为美军生产了超14.2万台航空发动机。
CME vs CW — 直观对比
营收规模更大
CME
是对方的2.0倍
$947.0M
营收增速更快
CW
高出0.4%
14.5%
净利率更高
CW
高出14.4%
0.1%
两年增速更快
CW
近两年复合增速
10.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $947.0M |
| 净利润 | $1.2M | $137.0M |
| 毛利率 | — | 37.5% |
| 营业利润率 | 0.1% | 19.2% |
| 净利率 | 0.1% | 14.5% |
| 营收同比 | 14.5% | 14.9% |
| 净利润同比 | 20.7% | 16.2% |
| 每股收益（稀释后） | — | $3.69 |
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CMECW
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $947.0M | ||
| Q3 25 | $1.5B | $869.2M | ||
| Q2 25 | $1.7B | $876.6M | ||
| Q1 25 | $1.6B | $805.6M | ||
| Q4 24 | $1.5B | $824.3M | ||
| Q3 24 | $1.6B | $798.9M | ||
| Q2 24 | $1.5B | $784.8M |
净利润CMECW
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $137.0M | ||
| Q3 25 | $908.0M | $124.8M | ||
| Q2 25 | $1.0B | $121.1M | ||
| Q1 25 | $956.2M | $101.3M | ||
| Q4 24 | $874.6M | $117.9M | ||
| Q3 24 | $912.8M | $111.2M | ||
| Q2 24 | $883.2M | $99.5M |
毛利率CMECW
| Q1 26 | — | — | ||
| Q4 25 | — | 37.5% | ||
| Q3 25 | — | 37.7% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 36.3% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 37.3% | ||
| Q2 24 | — | 36.2% |
营业利润率CMECW
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 19.2% | ||
| Q3 25 | 63.3% | 19.1% | ||
| Q2 25 | 66.7% | 17.8% | ||
| Q1 25 | 67.5% | 16.0% | ||
| Q4 24 | 62.1% | 18.8% | ||
| Q3 24 | 64.6% | 18.1% | ||
| Q2 24 | 65.3% | 16.4% |
净利率CMECW
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | 14.5% | ||
| Q3 25 | 59.1% | 14.4% | ||
| Q2 25 | 60.6% | 13.8% | ||
| Q1 25 | 58.2% | 12.6% | ||
| Q4 24 | 57.3% | 14.3% | ||
| Q3 24 | 57.6% | 13.9% | ||
| Q2 24 | 57.6% | 12.7% |
每股收益（稀释后）CMECW
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $3.69 | ||
| Q3 25 | $2.49 | $3.31 | ||
| Q2 25 | $2.81 | $3.19 | ||
| Q1 25 | $2.62 | $2.68 | ||
| Q4 24 | $2.40 | $3.09 | ||
| Q3 24 | $2.50 | $2.89 | ||
| Q2 24 | $2.42 | $2.58 |
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 | — |
| 总债务越低越好 | $3.4B | $957.9M |
| 股东权益账面价值 | — | $2.5B |
| 总资产 | $202.0B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 0.38× |
8季度趋势，按日历期对齐
现金及短期投资CMECW
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $1.5B | $226.5M | ||
| Q4 24 | $3.0B | $385.0M | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $1.9B | — |
总债务CMECW
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | $957.9M | ||
| Q3 25 | — | $968.6M | ||
| Q2 25 | — | $958.4M | ||
| Q1 25 | — | $958.6M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
股东权益CMECW
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $2.5B | ||
| Q3 25 | $28.2B | $2.5B | ||
| Q2 25 | $27.7B | $2.7B | ||
| Q1 25 | $27.0B | $2.6B | ||
| Q4 24 | $26.5B | $2.4B | ||
| Q3 24 | $28.2B | $2.5B | ||
| Q2 24 | $27.6B | $2.5B |
总资产CMECW
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $5.2B | ||
| Q3 25 | $187.1B | $5.1B | ||
| Q2 25 | $179.9B | $5.2B | ||
| Q1 25 | $157.8B | $5.0B | ||
| Q4 24 | $137.4B | $5.0B | ||
| Q3 24 | $137.8B | $4.9B | ||
| Q2 24 | $123.4B | $4.7B |
负债/权益比CMECW
| Q1 26 | — | — | ||
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | 0.38× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.37× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× |
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 | — | $352.7M |
| 自由现金流经营现金流 - 资本支出 | — | $315.1M |
| 自由现金流率自由现金流/营收 | — | 33.3% |
| 资本支出强度资本支出/营收 | — | 4.0% |
| 现金转化率经营现金流/净利润 | — | 2.57× |
| 过去12个月自由现金流最近4个季度 | — | $553.7M |
8季度趋势，按日历期对齐
经营现金流CMECW
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $352.7M | ||
| Q3 25 | $968.1M | $192.8M | ||
| Q2 25 | $1.1B | $136.6M | ||
| Q1 25 | $1.1B | $-38.8M | ||
| Q4 24 | $1.0B | $301.3M | ||
| Q3 24 | $1.0B | $177.3M | ||
| Q2 24 | $776.9M | $111.3M |
自由现金流CMECW
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $315.1M | ||
| Q3 25 | $949.7M | $175.9M | ||
| Q2 25 | $1.0B | $117.2M | ||
| Q1 25 | $1.1B | $-54.5M | ||
| Q4 24 | $991.7M | $278.0M | ||
| Q3 24 | $973.2M | $162.7M | ||
| Q2 24 | $758.7M | $100.3M |
自由现金流率CMECW
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 33.3% | ||
| Q3 25 | 61.8% | 20.2% | ||
| Q2 25 | 61.5% | 13.4% | ||
| Q1 25 | 67.1% | -6.8% | ||
| Q4 24 | 65.0% | 33.7% | ||
| Q3 24 | 61.4% | 20.4% | ||
| Q2 24 | 49.5% | 12.8% |
资本支出强度CMECW
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 4.0% | ||
| Q3 25 | 1.2% | 1.9% | ||
| Q2 25 | 1.1% | 2.2% | ||
| Q1 25 | 0.9% | 2.0% | ||
| Q4 24 | 1.7% | 2.8% | ||
| Q3 24 | 1.9% | 1.8% | ||
| Q2 24 | 1.2% | 1.4% |
现金转化率CMECW
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 2.57× | ||
| Q3 25 | 1.07× | 1.54× | ||
| Q2 25 | 1.03× | 1.13× | ||
| Q1 25 | 1.17× | -0.38× | ||
| Q4 24 | 1.16× | 2.56× | ||
| Q3 24 | 1.10× | 1.59× | ||
| Q2 24 | 0.88× | 1.12× |
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
CME
暂无分部数据
CW
| Naval Power | $417.4M | 44% |
| Defense Electronics | $268.3M | 28% |
| Aerospace Industrial | $262.4M | 28% |
