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芝商所（CME）与Forge Global Holdings, Inc.（FRGE）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Forge Global Holdings, Inc.的88.4倍（$1.9B vs $21.3M）。芝商所净利率更高（0.1% vs -85.7%，领先85.8%）。芝商所同比增速更快（14.5% vs 10.6%）。过去两年芝商所的营收复合增速更高（10.8% vs 5.6%）
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。
该公司原本信息存在混淆，此处对应描述中的巴拉特锻造是一家印度跨国企业，业务涵盖锻造、汽车、能源、建筑采矿、铁路、船舶、航空航天和国防等多个领域，是印度工业领域颇具影响力的核心制造企业。
CME vs FRGE — 直观对比
营收规模更大
CME
是对方的88.4倍
$21.3M
营收增速更快
CME
高出3.8%
10.6%
净利率更高
CME
高出85.8%
-85.7%
两年增速更快
CME
近两年复合增速
5.6%
损益表 — Q1 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $21.3M |
| 净利润 | $1.2M | $-18.2M |
| 毛利率 | — | 98.6% |
| 营业利润率 | 0.1% | -96.7% |
| 净利率 | 0.1% | -85.7% |
| 营收同比 | 14.5% | 10.6% |
| 净利润同比 | 20.7% | 0.6% |
| 每股收益（稀释后） | — | $-1.37 |
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CMEFRGE
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.5B | $21.3M | ||
| Q2 25 | $1.7B | $27.7M | ||
| Q1 25 | $1.6B | $25.3M | ||
| Q4 24 | $1.5B | $18.6M | ||
| Q3 24 | $1.6B | $19.2M | ||
| Q2 24 | $1.5B | $22.3M |
净利润CMEFRGE
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $908.0M | $-18.2M | ||
| Q2 25 | $1.0B | $-12.6M | ||
| Q1 25 | $956.2M | $-16.2M | ||
| Q4 24 | $874.6M | $-15.6M | ||
| Q3 24 | $912.8M | $-18.3M | ||
| Q2 24 | $883.2M | $-13.7M |
毛利率CMEFRGE
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 98.6% | ||
| Q2 25 | — | 99.4% | ||
| Q1 25 | — | 99.2% | ||
| Q4 24 | — | 98.3% | ||
| Q3 24 | — | 99.6% | ||
| Q2 24 | — | 98.9% |
营业利润率CMEFRGE
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | — | ||
| Q3 25 | 63.3% | -96.7% | ||
| Q2 25 | 66.7% | -46.3% | ||
| Q1 25 | 67.5% | -65.1% | ||
| Q4 24 | 62.1% | -100.6% | ||
| Q3 24 | 64.6% | -108.8% | ||
| Q2 24 | 65.3% | -79.2% |
净利率CMEFRGE
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | — | ||
| Q3 25 | 59.1% | -85.7% | ||
| Q2 25 | 60.6% | -45.4% | ||
| Q1 25 | 58.2% | -63.9% | ||
| Q4 24 | 57.3% | -84.2% | ||
| Q3 24 | 57.6% | -95.5% | ||
| Q2 24 | 57.6% | -61.6% |
每股收益（稀释后）CMEFRGE
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | — | ||
| Q3 25 | $2.49 | $-1.37 | ||
| Q2 25 | $2.81 | $-1.01 | ||
| Q1 25 | $2.62 | $-1.29 | ||
| Q4 24 | $2.40 | $3.81 | ||
| Q3 24 | $2.50 | $-1.49 | ||
| Q2 24 | $2.42 | $-1.13 |
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 | $60.7M |
| 总债务越低越好 | $3.4B | — |
| 股东权益账面价值 | — | $202.6M |
| 总资产 | $202.0B | $252.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CMEFRGE
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | — | ||
| Q3 25 | $2.6B | $60.7M | ||
| Q2 25 | $2.1B | $80.7M | ||
| Q1 25 | $1.5B | $92.0M | ||
| Q4 24 | $3.0B | $105.1M | ||
| Q3 24 | $2.4B | $114.5M | ||
| Q2 24 | $1.9B | $120.5M |
总债务CMEFRGE
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CMEFRGE
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | — | ||
| Q3 25 | $28.2B | $202.6M | ||
| Q2 25 | $27.7B | $200.5M | ||
| Q1 25 | $27.0B | $213.5M | ||
| Q4 24 | $26.5B | $223.6M | ||
| Q3 24 | $28.2B | $234.5M | ||
| Q2 24 | $27.6B | $245.4M |
总资产CMEFRGE
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | — | ||
| Q3 25 | $187.1B | $252.0M | ||
| Q2 25 | $179.9B | $242.8M | ||
| Q1 25 | $157.8B | $249.5M | ||
| Q4 24 | $137.4B | $263.5M | ||
| Q3 24 | $137.8B | $276.6M | ||
| Q2 24 | $123.4B | $285.7M |
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 | — | $-11.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-11.4M |
| 自由现金流率自由现金流/营收 | — | -53.6% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CMEFRGE
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $968.1M | $-11.4M | ||
| Q2 25 | $1.1B | $-7.8M | ||
| Q1 25 | $1.1B | $-12.8M | ||
| Q4 24 | $1.0B | $-7.9M | ||
| Q3 24 | $1.0B | $-5.8M | ||
| Q2 24 | $776.9M | $-14.4M |
自由现金流CMEFRGE
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $949.7M | $-11.4M | ||
| Q2 25 | $1.0B | $-7.9M | ||
| Q1 25 | $1.1B | $-12.9M | ||
| Q4 24 | $991.7M | — | ||
| Q3 24 | $973.2M | $-6.0M | ||
| Q2 24 | $758.7M | $-14.7M |
自由现金流率CMEFRGE
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | — | ||
| Q3 25 | 61.8% | -53.6% | ||
| Q2 25 | 61.5% | -28.4% | ||
| Q1 25 | 67.1% | -50.9% | ||
| Q4 24 | 65.0% | — | ||
| Q3 24 | 61.4% | -31.0% | ||
| Q2 24 | 49.5% | -66.0% |
资本支出强度CMEFRGE
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.2% | 0.2% | ||
| Q2 25 | 1.1% | 0.4% | ||
| Q1 25 | 0.9% | 0.2% | ||
| Q4 24 | 1.7% | 0.0% | ||
| Q3 24 | 1.9% | 0.7% | ||
| Q2 24 | 1.2% | 1.2% |
现金转化率CMEFRGE
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 1.16× | — | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 0.88× | — |
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
FRGE
| Marketplace | $12.2M | 57% |
| Custodial Administration Fees | $9.1M | 43% |
