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芝商所（CME）与罗宾汉（HOOD）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罗宾汉的1.5倍（$1.9B vs $1.3B），罗宾汉净利率更高（47.2% vs 0.1%，领先47.1%），罗宾汉同比增速更快（26.5% vs 14.5%），过去两年罗宾汉的营收复合增速更高（44.1% 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。
罗宾汉市场（Robinhood Markets, Inc.）是总部位于美国加利福尼亚州门洛帕克的金融服务企业，旗下电子交易平台支持股票、ETF、期权、期货、加密货币等品类交易，还提供加密货币钱包、财富管理、信用卡等金融服务，部分银行服务与FDIC投保银行合作推出，同时运营新闻网站Sherwood.News。
CME vs HOOD — 直观对比
营收规模更大
CME
是对方的1.5倍
$1.3B
营收增速更快
HOOD
高出12.0%
14.5%
净利率更高
HOOD
高出47.1%
0.1%
两年增速更快
HOOD
近两年复合增速
10.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.3B |
| 净利润 | $1.2M | $605.0M |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | 51.5% |
| 净利率 | 0.1% | 47.2% |
| 营收同比 | 14.5% | 26.5% |
| 净利润同比 | 20.7% | -34.0% |
| 每股收益（稀释后） | — | $0.65 |
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CMEHOOD
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.7B | $989.0M | ||
| Q1 25 | $1.6B | $927.0M | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.6B | $637.0M | ||
| Q2 24 | $1.5B | $682.0M |
净利润CMEHOOD
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $605.0M | ||
| Q3 25 | $908.0M | $556.0M | ||
| Q2 25 | $1.0B | $386.0M | ||
| Q1 25 | $956.2M | $336.0M | ||
| Q4 24 | $874.6M | $916.0M | ||
| Q3 24 | $912.8M | $150.0M | ||
| Q2 24 | $883.2M | $188.0M |
营业利润率CMEHOOD
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 51.5% | ||
| Q3 25 | 63.3% | 49.8% | ||
| Q2 25 | 66.7% | 44.7% | ||
| Q1 25 | 67.5% | 40.0% | ||
| Q4 24 | 62.1% | 55.0% | ||
| Q3 24 | 64.6% | 24.0% | ||
| Q2 24 | 65.3% | 28.0% |
净利率CMEHOOD
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | 47.2% | ||
| Q3 25 | 59.1% | 43.6% | ||
| Q2 25 | 60.6% | 39.0% | ||
| Q1 25 | 58.2% | 36.2% | ||
| Q4 24 | 57.3% | 90.3% | ||
| Q3 24 | 57.6% | 23.5% | ||
| Q2 24 | 57.6% | 27.6% |
每股收益（稀释后）CMEHOOD
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $0.65 | ||
| Q3 25 | $2.49 | $0.61 | ||
| Q2 25 | $2.81 | $0.42 | ||
| Q1 25 | $2.62 | $0.37 | ||
| Q4 24 | $2.40 | $1.00 | ||
| Q3 24 | $2.50 | $0.17 | ||
| Q2 24 | $2.42 | $0.21 |
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 | $4.3B |
| 总债务越低越好 | $3.4B | — |
| 股东权益账面价值 | — | $9.2B |
| 总资产 | $202.0B | $38.1B |
| 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CMEHOOD
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | $4.3B | ||
| Q3 25 | $2.6B | $4.3B | ||
| Q2 25 | $2.1B | $4.2B | ||
| Q1 25 | $1.5B | $4.4B | ||
| Q4 24 | $3.0B | $4.3B | ||
| Q3 24 | $2.4B | $4.6B | ||
| Q2 24 | $1.9B | $4.5B |
总债务CMEHOOD
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CMEHOOD
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $9.2B | ||
| Q3 25 | $28.2B | $8.6B | ||
| Q2 25 | $27.7B | $8.1B | ||
| Q1 25 | $27.0B | $8.0B | ||
| Q4 24 | $26.5B | $8.0B | ||
| Q3 24 | $28.2B | $7.2B | ||
| Q2 24 | $27.6B | $7.1B |
总资产CMEHOOD
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $38.1B | ||
| Q3 25 | $187.1B | $41.5B | ||
| Q2 25 | $179.9B | $35.3B | ||
| Q1 25 | $157.8B | $27.5B | ||
| Q4 24 | $137.4B | $26.2B | ||
| Q3 24 | $137.8B | $43.2B | ||
| Q2 24 | $123.4B | $41.3B |
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 | — | $-937.0M |
| 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 | — | -1.55× |
| 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CMEHOOD
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $-937.0M | ||
| Q3 25 | $968.1M | $-1.6B | ||
| Q2 25 | $1.1B | $3.5B | ||
| Q1 25 | $1.1B | $642.0M | ||
| Q4 24 | $1.0B | $-1.4B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $776.9M | $54.0M |
自由现金流CMEHOOD
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $949.7M | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $991.7M | — | ||
| Q3 24 | $973.2M | — | ||
| Q2 24 | $758.7M | — |
自由现金流率CMEHOOD
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | — | ||
| Q3 25 | 61.8% | — | ||
| Q2 25 | 61.5% | — | ||
| Q1 25 | 67.1% | — | ||
| Q4 24 | 65.0% | — | ||
| Q3 24 | 61.4% | — | ||
| Q2 24 | 49.5% | — |
资本支出强度CMEHOOD
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 1.2% | — |
现金转化率CMEHOOD
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | -1.55× | ||
| Q3 25 | 1.07× | -2.83× | ||
| Q2 25 | 1.03× | 9.09× | ||
| Q1 25 | 1.17× | 1.91× | ||
| Q4 24 | 1.16× | -1.53× | ||
| Q3 24 | 1.10× | 12.08× | ||
| Q2 24 | 0.88× | 0.29× |
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
HOOD
| Other | $365.0M | 28% |
| Options | $314.0M | 24% |
| Cryptocurrencies | $221.0M | 17% |
| Other Transaction Based Revenues | $147.0M | 11% |
| Financial Service Other | $96.0M | 7% |
| Equities | $94.0M | 7% |
| Other Revenue | $35.0M | 3% |
| Proxy Revenues | $11.0M | 1% |
