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芝商所（CME）与自由媒体集团（FWONA）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自由媒体集团的1.2倍（$1.9B vs $1.6B），自由媒体集团净利率更高（20.7% vs 0.1%，领先20.6%），自由媒体集团同比增速更快（150.7% vs 14.5%），过去两年芝商所的营收复合增速更高（10.8% vs -23.5%）
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。
自由媒体集团是1991年由约翰·C·马龙创立的美国大型传媒企业，旗下设有两大对应独立追踪股票的业务板块，持有一级方程式集团和Live Nation Entertainment的股权，截至2025年拥有F1、世界摩托车锦标赛、世界超级摩托车锦标赛三项全球顶级赛车运动IP及运营业务。
CME vs FWONA — 直观对比
营收规模更大
CME
是对方的1.2倍
$1.6B
营收增速更快
FWONA
高出136.2%
14.5%
净利率更高
FWONA
高出20.6%
0.1%
两年增速更快
CME
近两年复合增速
-23.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.6B |
| 净利润 | $1.2M | $333.0M |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | 14.0% |
| 净利率 | 0.1% | 20.7% |
| 营收同比 | 14.5% | 150.7% |
| 净利润同比 | 20.7% | 193.8% |
| 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CMEFWONA
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.6B | $447.0M | ||
| Q4 24 | $1.5B | $-3.2B | ||
| Q3 24 | $1.6B | $911.0M | ||
| Q2 24 | $1.5B | $3.2B |
净利润CMEFWONA
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $333.0M | ||
| Q3 25 | $908.0M | $13.0M | ||
| Q2 25 | $1.0B | $204.0M | ||
| Q1 25 | $956.2M | $5.0M | ||
| Q4 24 | $874.6M | $-355.0M | ||
| Q3 24 | $912.8M | $-2.4B | ||
| Q2 24 | $883.2M | $457.0M |
营业利润率CMEFWONA
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 14.0% | ||
| Q3 25 | 63.3% | 13.7% | ||
| Q2 25 | 66.7% | 20.4% | ||
| Q1 25 | 67.5% | -15.9% | ||
| Q4 24 | 62.1% | — | ||
| Q3 24 | 64.6% | 11.7% | ||
| Q2 24 | 65.3% | 16.7% |
净利率CMEFWONA
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | 20.7% | ||
| Q3 25 | 59.1% | 1.2% | ||
| Q2 25 | 60.6% | 15.2% | ||
| Q1 25 | 58.2% | 1.1% | ||
| Q4 24 | 57.3% | 11.2% | ||
| Q3 24 | 57.6% | -259.9% | ||
| Q2 24 | 57.6% | 14.4% |
每股收益（稀释后）CMEFWONA
| 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 | $1.1B |
| 总债务越低越好 | $3.4B | $5.1B |
| 股东权益账面价值 | — | $7.8B |
| 总资产 | $202.0B | $15.4B |
| 负债/权益比越低杠杆越低 | — | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资CMEFWONA
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | $1.1B | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.1B | $3.4B | ||
| Q1 25 | $1.5B | $3.1B | ||
| Q4 24 | $3.0B | $3.0B | ||
| Q3 24 | $2.4B | $3.1B | ||
| Q2 24 | $1.9B | $2.1B |
总债务CMEFWONA
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $15.0B |
股东权益CMEFWONA
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $7.8B | ||
| Q3 25 | $28.2B | $7.4B | ||
| Q2 25 | $27.7B | $7.3B | ||
| Q1 25 | $27.0B | $7.0B | ||
| Q4 24 | $26.5B | $7.0B | ||
| Q3 24 | $28.2B | $7.4B | ||
| Q2 24 | $27.6B | $17.1B |
总资产CMEFWONA
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $15.4B | ||
| Q3 25 | $187.1B | $17.8B | ||
| Q2 25 | $179.9B | $13.8B | ||
| Q1 25 | $157.8B | $13.3B | ||
| Q4 24 | $137.4B | $12.9B | ||
| Q3 24 | $137.8B | $13.2B | ||
| Q2 24 | $123.4B | $42.6B |
负债/权益比CMEFWONA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 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 | — | $123.0M |
| 自由现金流经营现金流 - 资本支出 | — | $62.0M |
| 自由现金流率自由现金流/营收 | — | 3.9% |
| 资本支出强度资本支出/营收 | — | 3.8% |
| 现金转化率经营现金流/净利润 | — | 0.37× |
| 过去12个月自由现金流最近4个季度 | — | $789.0M |
8季度趋势，按日历期对齐
经营现金流CMEFWONA
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $123.0M | ||
| Q3 25 | $968.1M | $173.0M | ||
| Q2 25 | $1.1B | $231.0M | ||
| Q1 25 | $1.1B | $381.0M | ||
| Q4 24 | $1.0B | $-23.0M | ||
| Q3 24 | $1.0B | $182.0M | ||
| Q2 24 | $776.9M | $752.0M |
自由现金流CMEFWONA
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $62.0M | ||
| Q3 25 | $949.7M | $170.0M | ||
| Q2 25 | $1.0B | $209.0M | ||
| Q1 25 | $1.1B | $348.0M | ||
| Q4 24 | $991.7M | $-46.0M | ||
| Q3 24 | $973.2M | $-153.0M | ||
| Q2 24 | $758.7M | $566.0M |
自由现金流率CMEFWONA
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 3.9% | ||
| Q3 25 | 61.8% | 15.7% | ||
| Q2 25 | 61.5% | 15.6% | ||
| Q1 25 | 67.1% | 77.9% | ||
| Q4 24 | 65.0% | 1.4% | ||
| Q3 24 | 61.4% | -16.8% | ||
| Q2 24 | 49.5% | 17.9% |
资本支出强度CMEFWONA
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 3.8% | ||
| Q3 25 | 1.2% | 0.3% | ||
| Q2 25 | 1.1% | 1.6% | ||
| Q1 25 | 0.9% | 7.4% | ||
| Q4 24 | 1.7% | -0.7% | ||
| Q3 24 | 1.9% | 36.8% | ||
| Q2 24 | 1.2% | 5.9% |
现金转化率CMEFWONA
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 0.37× | ||
| Q3 25 | 1.07× | 13.31× | ||
| Q2 25 | 1.03× | 1.13× | ||
| Q1 25 | 1.17× | 76.20× | ||
| Q4 24 | 1.16× | — | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 0.88× | 1.65× |
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
FWONA
| Formula One | $1.4B | 87% |
| Product Service Or Other | $131.0M | 8% |
| Other | $77.0M | 5% |
