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芝商所（CME）与Grocery Outlet Holding Corp.（GO）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Grocery Outlet Holding Corp.的1.5倍（$1.9B vs $1.2B），芝商所净利率更高（0.1% vs -18.5%，领先18.6%），芝商所同比增速更快（14.5% vs -72.2%），过去两年芝商所的营收复合增速更高（10.8% vs 8.3%）
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。
Grocery Outlet Holding Corp.是美国知名的折扣清仓零售企业，旗下所有门店均为超市，主打销售品牌厂商及自有品牌供应商的库存积压与清仓商品，价格优惠。目前该公司的门店已分布在美国加利福尼亚、俄勒冈、华盛顿、爱达荷等十余州。
CME vs GO — 直观对比
营收规模更大
CME
是对方的1.5倍
$1.2B
营收增速更快
CME
高出86.7%
-72.2%
净利率更高
CME
高出18.6%
-18.5%
两年增速更快
CME
近两年复合增速
8.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.2B |
| 净利润 | $1.2M | $-224.9M |
| 毛利率 | — | 29.7% |
| 营业利润率 | 0.1% | — |
| 净利率 | 0.1% | -18.5% |
| 营收同比 | 14.5% | -72.2% |
| 净利润同比 | 20.7% | -669.9% |
| 每股收益（稀释后） | — | $-2.22 |
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CMEGO
| Q1 26 | $1.9B | $1.2B | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B |
净利润CMEGO
| Q1 26 | $1.2M | $-224.9M | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $908.0M | $11.6M | ||
| Q2 25 | $1.0B | $5.0M | ||
| Q1 25 | $956.2M | $-23.3M | ||
| Q4 24 | $874.6M | $2.3M | ||
| Q3 24 | $912.8M | $24.2M | ||
| Q2 24 | $883.2M | $14.0M |
毛利率CMEGO
| Q1 26 | — | 29.7% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 30.6% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | — | 29.5% | ||
| Q3 24 | — | 31.1% | ||
| Q2 24 | — | 30.9% |
营业利润率CMEGO
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | — | ||
| Q3 25 | 63.3% | 2.0% | ||
| Q2 25 | 66.7% | 1.1% | ||
| Q1 25 | 67.5% | -2.0% | ||
| Q4 24 | 62.1% | 1.0% | ||
| Q3 24 | 64.6% | 3.6% | ||
| Q2 24 | 65.3% | 2.3% |
净利率CMEGO
| Q1 26 | 0.1% | -18.5% | ||
| Q4 25 | 71.7% | — | ||
| Q3 25 | 59.1% | 1.0% | ||
| Q2 25 | 60.6% | 0.4% | ||
| Q1 25 | 58.2% | -2.1% | ||
| Q4 24 | 57.3% | 0.2% | ||
| Q3 24 | 57.6% | 2.2% | ||
| Q2 24 | 57.6% | 1.2% |
每股收益（稀释后）CMEGO
| Q1 26 | — | $-2.22 | ||
| Q4 25 | $3.24 | — | ||
| Q3 25 | $2.49 | $0.12 | ||
| Q2 25 | $2.81 | $0.05 | ||
| Q1 25 | $2.62 | $-0.24 | ||
| Q4 24 | $2.40 | $0.03 | ||
| Q3 24 | $2.50 | $0.24 | ||
| Q2 24 | $2.42 | $0.14 |
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 | $69.6M |
| 总债务越低越好 | $3.4B | $15.0M |
| 股东权益账面价值 | — | $983.7M |
| 总资产 | $202.0B | $3.1B |
| 负债/权益比越低杠杆越低 | — | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资CMEGO
| Q1 26 | $2.4B | $69.6M | ||
| Q4 25 | $4.5B | — | ||
| Q3 25 | $2.6B | $52.1M | ||
| Q2 25 | $2.1B | $55.2M | ||
| Q1 25 | $1.5B | $50.9M | ||
| Q4 24 | $3.0B | $62.8M | ||
| Q3 24 | $2.4B | $68.7M | ||
| Q2 24 | $1.9B | $67.1M |
总债务CMEGO
| Q1 26 | $3.4B | $15.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $500.3M | ||
| Q2 25 | — | $473.9M | ||
| Q1 25 | — | $475.7M | ||
| Q4 24 | — | $477.5M | ||
| Q3 24 | — | $429.3M | ||
| Q2 24 | — | $379.2M |
股东权益CMEGO
| Q1 26 | — | $983.7M | ||
| Q4 25 | $28.7B | — | ||
| Q3 25 | $28.2B | $1.2B | ||
| Q2 25 | $27.7B | $1.2B | ||
| Q1 25 | $27.0B | $1.2B | ||
| Q4 24 | $26.5B | $1.2B | ||
| Q3 24 | $28.2B | $1.2B | ||
| Q2 24 | $27.6B | $1.2B |
总资产CMEGO
| Q1 26 | $202.0B | $3.1B | ||
| Q4 25 | $198.4B | — | ||
| Q3 25 | $187.1B | $3.4B | ||
| Q2 25 | $179.9B | $3.3B | ||
| Q1 25 | $157.8B | $3.3B | ||
| Q4 24 | $137.4B | $3.2B | ||
| Q3 24 | $137.8B | $3.1B | ||
| Q2 24 | $123.4B | $3.1B |
负债/权益比CMEGO
| Q1 26 | — | 0.02× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.31× |
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 | — | $222.1M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | — |
| 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CMEGO
| Q1 26 | — | $222.1M | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $968.1M | $17.3M | ||
| Q2 25 | $1.1B | $73.6M | ||
| Q1 25 | $1.1B | $58.9M | ||
| Q4 24 | $1.0B | $39.5M | ||
| Q3 24 | $1.0B | $23.0M | ||
| Q2 24 | $776.9M | $41.6M |
自由现金流CMEGO
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $949.7M | $-21.6M | ||
| Q2 25 | $1.0B | $14.4M | ||
| Q1 25 | $1.1B | $-1.5M | ||
| Q4 24 | $991.7M | $-19.6M | ||
| Q3 24 | $973.2M | $-19.3M | ||
| Q2 24 | $758.7M | $2.7M |
自由现金流率CMEGO
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | — | ||
| Q3 25 | 61.8% | -1.8% | ||
| Q2 25 | 61.5% | 1.2% | ||
| Q1 25 | 67.1% | -0.1% | ||
| Q4 24 | 65.0% | -1.8% | ||
| Q3 24 | 61.4% | -1.7% | ||
| Q2 24 | 49.5% | 0.2% |
资本支出强度CMEGO
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.2% | 3.3% | ||
| Q2 25 | 1.1% | 5.0% | ||
| Q1 25 | 0.9% | 5.4% | ||
| Q4 24 | 1.7% | 5.4% | ||
| Q3 24 | 1.9% | 3.8% | ||
| Q2 24 | 1.2% | 3.4% |
现金转化率CMEGO
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | 1.49× | ||
| Q2 25 | 1.03× | 14.84× | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 1.16× | 17.09× | ||
| Q3 24 | 1.10× | 0.95× | ||
| Q2 24 | 0.88× | 2.97× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
