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芝商所（CME）与哈贝尔（HUBB）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哈贝尔的1.3倍（$1.9B vs $1.5B），哈贝尔净利率更高（14.6% vs 0.1%，领先14.5%），芝商所同比增速更快（14.5% vs 11.9%），过去两年芝商所的营收复合增速更高（10.8% vs 3.3%）
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。
哈贝尔（Hubbell Incorporated）是总部位于美国康涅狄格州谢尔顿的企业，由哈维·哈贝尔于1888年创立，1905年在康涅狄格州正式注册。公司主营电气及电子产品的设计、生产与销售，产品广泛应用于住宅、非住宅建筑、工业及公用事业等多个领域。
CME vs HUBB — 直观对比
营收规模更大
CME
是对方的1.3倍
$1.5B
营收增速更快
CME
高出2.6%
11.9%
净利率更高
HUBB
高出14.5%
0.1%
两年增速更快
CME
近两年复合增速
3.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.5B |
| 净利润 | $1.2M | $217.7M |
| 毛利率 | — | 34.6% |
| 营业利润率 | 0.1% | 20.3% |
| 净利率 | 0.1% | 14.6% |
| 营收同比 | 14.5% | 11.9% |
| 净利润同比 | 20.7% | 10.5% |
| 每股收益（稀释后） | — | $4.06 |
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CMEHUBB
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.5B | $1.5B |
净利润CMEHUBB
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $217.7M | ||
| Q3 25 | $908.0M | $255.5M | ||
| Q2 25 | $1.0B | $244.2M | ||
| Q1 25 | $956.2M | $169.7M | ||
| Q4 24 | $874.6M | $197.0M | ||
| Q3 24 | $912.8M | $219.4M | ||
| Q2 24 | $883.2M | $213.6M |
毛利率CMEHUBB
| Q1 26 | — | — | ||
| Q4 25 | — | 34.6% | ||
| Q3 25 | — | 36.2% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 33.1% | ||
| Q4 24 | — | 33.8% | ||
| Q3 24 | — | 34.5% | ||
| Q2 24 | — | 35.0% |
营业利润率CMEHUBB
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 20.3% | ||
| Q3 25 | 63.3% | 22.0% | ||
| Q2 25 | 66.7% | 22.7% | ||
| Q1 25 | 67.5% | 17.5% | ||
| Q4 24 | 62.1% | 19.3% | ||
| Q3 24 | 64.6% | 21.1% | ||
| Q2 24 | 65.3% | 20.7% |
净利率CMEHUBB
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | 14.6% | ||
| Q3 25 | 59.1% | 17.0% | ||
| Q2 25 | 60.6% | 16.5% | ||
| Q1 25 | 58.2% | 12.4% | ||
| Q4 24 | 57.3% | 14.8% | ||
| Q3 24 | 57.6% | 15.2% | ||
| Q2 24 | 57.6% | 14.7% |
每股收益（稀释后）CMEHUBB
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $4.06 | ||
| Q3 25 | $2.49 | $4.77 | ||
| Q2 25 | $2.81 | $4.56 | ||
| Q1 25 | $2.62 | $3.15 | ||
| Q4 24 | $2.40 | $3.65 | ||
| Q3 24 | $2.50 | $4.05 | ||
| Q2 24 | $2.42 | $3.94 |
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 | $497.9M |
| 总债务越低越好 | $3.4B | — |
| 股东权益账面价值 | — | $3.8B |
| 总资产 | $202.0B | $8.2B |
| 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CMEHUBB
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | $497.9M | ||
| Q3 25 | $2.6B | $680.9M | ||
| Q2 25 | $2.1B | $399.6M | ||
| Q1 25 | $1.5B | $360.3M | ||
| Q4 24 | $3.0B | $345.0M | ||
| Q3 24 | $2.4B | $445.6M | ||
| Q2 24 | $1.9B | $406.5M |
总债务CMEHUBB
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.9B |
股东权益CMEHUBB
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $3.8B | ||
| Q3 25 | $28.2B | $3.7B | ||
| Q2 25 | $27.7B | $3.5B | ||
| Q1 25 | $27.0B | $3.3B | ||
| Q4 24 | $26.5B | $3.3B | ||
| Q3 24 | $28.2B | $3.2B | ||
| Q2 24 | $27.6B | $3.1B |
总资产CMEHUBB
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $8.2B | ||
| Q3 25 | $187.1B | $7.5B | ||
| Q2 25 | $179.9B | $7.1B | ||
| Q1 25 | $157.8B | $6.9B | ||
| Q4 24 | $137.4B | $6.7B | ||
| Q3 24 | $137.8B | $6.9B | ||
| Q2 24 | $123.4B | $6.9B |
负债/权益比CMEHUBB
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.63× |
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 | — | $447.5M |
| 自由现金流经营现金流 - 资本支出 | — | $388.8M |
| 自由现金流率自由现金流/营收 | — | 26.0% |
| 资本支出强度资本支出/营收 | — | 3.9% |
| 现金转化率经营现金流/净利润 | — | 2.06× |
| 过去12个月自由现金流最近4个季度 | — | $874.7M |
8季度趋势，按日历期对齐
经营现金流CMEHUBB
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $447.5M | ||
| Q3 25 | $968.1M | $284.3M | ||
| Q2 25 | $1.1B | $260.6M | ||
| Q1 25 | $1.1B | $37.4M | ||
| Q4 24 | $1.0B | $432.4M | ||
| Q3 24 | $1.0B | $227.0M | ||
| Q2 24 | $776.9M | $239.6M |
自由现金流CMEHUBB
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $388.8M | ||
| Q3 25 | $949.7M | $253.8M | ||
| Q2 25 | $1.0B | $220.7M | ||
| Q1 25 | $1.1B | $11.4M | ||
| Q4 24 | $991.7M | $364.4M | ||
| Q3 24 | $973.2M | $188.8M | ||
| Q2 24 | $758.7M | $205.7M |
自由现金流率CMEHUBB
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 26.0% | ||
| Q3 25 | 61.8% | 16.9% | ||
| Q2 25 | 61.5% | 14.9% | ||
| Q1 25 | 67.1% | 0.8% | ||
| Q4 24 | 65.0% | 27.3% | ||
| Q3 24 | 61.4% | 13.1% | ||
| Q2 24 | 49.5% | 14.2% |
资本支出强度CMEHUBB
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 3.9% | ||
| Q3 25 | 1.2% | 2.0% | ||
| Q2 25 | 1.1% | 2.7% | ||
| Q1 25 | 0.9% | 1.9% | ||
| Q4 24 | 1.7% | 5.1% | ||
| Q3 24 | 1.9% | 2.6% | ||
| Q2 24 | 1.2% | 2.3% |
现金转化率CMEHUBB
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 2.06× | ||
| Q3 25 | 1.07× | 1.11× | ||
| Q2 25 | 1.03× | 1.07× | ||
| Q1 25 | 1.17× | 0.22× | ||
| Q4 24 | 1.16× | 2.19× | ||
| Q3 24 | 1.10× | 1.03× | ||
| Q2 24 | 0.88× | 1.12× |
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
HUBB
| Grid Infrastructure | $717.0M | 48% |
| Industrial | $393.7M | 26% |
| Grid Automation | $218.9M | 15% |
| Electrical Products | $163.1M | 11% |
