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芝商所（CME）与Shift4 Payments, Inc.（FOUR）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Shift4 Payments, Inc.的1.6倍（$1.9B vs $1.2B），Shift4 Payments, Inc.净利率更高（3.4% vs 0.1%，领先3.3%），Shift4 Payments, Inc.同比增速更快（34.0% vs 14.5%），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% 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。
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
CME vs FOUR — 直观对比
营收规模更大
CME
是对方的1.6倍
$1.2B
营收增速更快
FOUR
高出19.5%
14.5%
净利率更高
FOUR
高出3.3%
0.1%
两年增速更快
FOUR
近两年复合增速
10.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.2B |
| 净利润 | $1.2M | $40.2M |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | 10.8% |
| 净利率 | 0.1% | 3.4% |
| 营收同比 | 14.5% | 34.0% |
| 净利润同比 | 20.7% | -65.3% |
| 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CMEFOUR
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.7B | $966.2M | ||
| Q1 25 | $1.6B | $848.3M | ||
| Q4 24 | $1.5B | $887.0M | ||
| Q3 24 | $1.6B | $909.2M | ||
| Q2 24 | $1.5B | $827.0M |
净利润CMEFOUR
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $40.2M | ||
| Q3 25 | $908.0M | $28.1M | ||
| Q2 25 | $1.0B | $34.0M | ||
| Q1 25 | $956.2M | $16.7M | ||
| Q4 24 | $874.6M | $116.0M | ||
| Q3 24 | $912.8M | $53.8M | ||
| Q2 24 | $883.2M | $39.2M |
营业利润率CMEFOUR
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 10.8% | ||
| Q3 25 | 63.3% | 9.7% | ||
| Q2 25 | 66.7% | 8.6% | ||
| Q1 25 | 67.5% | 3.0% | ||
| Q4 24 | 62.1% | 9.7% | ||
| Q3 24 | 64.6% | 8.8% | ||
| Q2 24 | 65.3% | 7.2% |
净利率CMEFOUR
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | 3.4% | ||
| Q3 25 | 59.1% | 2.4% | ||
| Q2 25 | 60.6% | 3.5% | ||
| Q1 25 | 58.2% | 2.0% | ||
| Q4 24 | 57.3% | 13.1% | ||
| Q3 24 | 57.6% | 5.9% | ||
| Q2 24 | 57.6% | 4.7% |
每股收益（稀释后）CMEFOUR
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | — | ||
| Q3 25 | $2.49 | — | ||
| Q2 25 | $2.81 | — | ||
| Q1 25 | $2.62 | — | ||
| Q4 24 | $2.40 | — | ||
| Q3 24 | $2.50 | — | ||
| Q2 24 | $2.42 | — |
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 | $964.0M |
| 总债务越低越好 | $3.4B | $4.5B |
| 股东权益账面价值 | — | $1.4B |
| 总资产 | $202.0B | $8.7B |
| 负债/权益比越低杠杆越低 | — | 3.15× |
8季度趋势，按日历期对齐
现金及短期投资CMEFOUR
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | $964.0M | ||
| Q3 25 | $2.6B | $1.5B | ||
| Q2 25 | $2.1B | $3.0B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $2.4B | $1.4B | ||
| Q2 24 | $1.9B | $205.0M |
总债务CMEFOUR
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CMEFOUR
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $1.4B | ||
| Q3 25 | $28.2B | $1.7B | ||
| Q2 25 | $27.7B | $1.6B | ||
| Q1 25 | $27.0B | $805.2M | ||
| Q4 24 | $26.5B | $806.6M | ||
| Q3 24 | $28.2B | $811.8M | ||
| Q2 24 | $27.6B | $700.8M |
总资产CMEFOUR
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $8.7B | ||
| Q3 25 | $187.1B | $9.0B | ||
| Q2 25 | $179.9B | $7.0B | ||
| Q1 25 | $157.8B | $5.0B | ||
| Q4 24 | $137.4B | $5.0B | ||
| Q3 24 | $137.8B | $5.0B | ||
| Q2 24 | $123.4B | $3.5B |
负债/权益比CMEFOUR
| Q1 26 | — | — | ||
| Q4 25 | — | 3.15× | ||
| Q3 25 | — | 2.83× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 3.53× | ||
| Q4 24 | — | 3.52× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $223.7M |
| 自由现金流经营现金流 - 资本支出 | — | $222.5M |
| 自由现金流率自由现金流/营收 | — | 18.7% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | 5.56× |
| 过去12个月自由现金流最近4个季度 | — | $624.0M |
8季度趋势，按日历期对齐
经营现金流CMEFOUR
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $223.7M | ||
| Q3 25 | $968.1M | $171.8M | ||
| Q2 25 | $1.1B | $141.9M | ||
| Q1 25 | $1.1B | $96.6M | ||
| Q4 24 | $1.0B | $145.4M | ||
| Q3 24 | $1.0B | $182.1M | ||
| Q2 24 | $776.9M | $116.1M |
自由现金流CMEFOUR
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $222.5M | ||
| Q3 25 | $949.7M | $165.4M | ||
| Q2 25 | $1.0B | $141.0M | ||
| Q1 25 | $1.1B | $95.1M | ||
| Q4 24 | $991.7M | $143.8M | ||
| Q3 24 | $973.2M | $180.1M | ||
| Q2 24 | $758.7M | $113.9M |
自由现金流率CMEFOUR
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 18.7% | ||
| Q3 25 | 61.8% | 14.1% | ||
| Q2 25 | 61.5% | 14.6% | ||
| Q1 25 | 67.1% | 11.2% | ||
| Q4 24 | 65.0% | 16.2% | ||
| Q3 24 | 61.4% | 19.8% | ||
| Q2 24 | 49.5% | 13.8% |
资本支出强度CMEFOUR
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 0.1% | ||
| Q3 25 | 1.2% | 0.5% | ||
| Q2 25 | 1.1% | 0.1% | ||
| Q1 25 | 0.9% | 0.2% | ||
| Q4 24 | 1.7% | 0.2% | ||
| Q3 24 | 1.9% | 0.2% | ||
| Q2 24 | 1.2% | 0.3% |
现金转化率CMEFOUR
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 5.56× | ||
| Q3 25 | 1.07× | 6.11× | ||
| Q2 25 | 1.03× | 4.17× | ||
| Q1 25 | 1.17× | 5.78× | ||
| Q4 24 | 1.16× | 1.25× | ||
| Q3 24 | 1.10× | 3.38× | ||
| Q2 24 | 0.88× | 2.96× |
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
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
