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芝商所（CME）与JBT Marel Corp（JBTM）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JBT Marel Corp的1.9倍（$1.9B vs $1.0B），JBT Marel Corp净利率更高（5.3% vs 0.1%，领先5.2%），JBT Marel Corp同比增速更快（115.6% vs 14.5%），过去两年JBT Marel Corp的营收复合增速更高（60.3% 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。
JBT Marel Corp（原称JBT公司、约翰宾技术公司）是主营食品加工机械及自动化车辆的企业，2008年由FMC技术公司拆分非能源业务独立注册成立，总部位于美国伊利诺伊州芝加哥，发展历史可追溯至1884年加州洛斯加托斯果园主约翰·宾创办的企业。
CME vs JBTM — 直观对比
营收规模更大
CME
是对方的1.9倍
$1.0B
营收增速更快
JBTM
高出101.1%
14.5%
净利率更高
JBTM
高出5.2%
0.1%
两年增速更快
JBTM
近两年复合增速
10.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.0B |
| 净利润 | $1.2M | $53.1M |
| 毛利率 | — | 34.5% |
| 营业利润率 | 0.1% | 7.2% |
| 净利率 | 0.1% | 5.3% |
| 营收同比 | 14.5% | 115.6% |
| 净利润同比 | 20.7% | 858.6% |
| 每股收益（稀释后） | — | $1.04 |
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CMEJBTM
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $1.0B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.7B | $934.8M | ||
| Q1 25 | $1.6B | $854.1M | ||
| Q4 24 | $1.5B | $467.6M | ||
| Q3 24 | $1.6B | $453.8M | ||
| Q2 24 | $1.5B | $402.3M |
净利润CMEJBTM
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $53.1M | ||
| Q3 25 | $908.0M | $66.0M | ||
| Q2 25 | $1.0B | $3.4M | ||
| Q1 25 | $956.2M | $-173.0M | ||
| Q4 24 | $874.6M | $-7.0M | ||
| Q3 24 | $912.8M | $38.9M | ||
| Q2 24 | $883.2M | $30.7M |
毛利率CMEJBTM
| Q1 26 | — | — | ||
| Q4 25 | — | 34.5% | ||
| Q3 25 | — | 35.9% | ||
| Q2 25 | — | 35.8% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | — | 36.1% | ||
| Q2 24 | — | 35.6% |
营业利润率CMEJBTM
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 7.2% | ||
| Q3 25 | 63.3% | 10.2% | ||
| Q2 25 | 66.7% | 5.2% | ||
| Q1 25 | 67.5% | -3.9% | ||
| Q4 24 | 62.1% | 3.4% | ||
| Q3 24 | 64.6% | 10.3% | ||
| Q2 24 | 65.3% | 6.7% |
净利率CMEJBTM
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | 5.3% | ||
| Q3 25 | 59.1% | 6.6% | ||
| Q2 25 | 60.6% | 0.4% | ||
| Q1 25 | 58.2% | -20.3% | ||
| Q4 24 | 57.3% | -1.5% | ||
| Q3 24 | 57.6% | 8.6% | ||
| Q2 24 | 57.6% | 7.6% |
每股收益（稀释后）CMEJBTM
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $1.04 | ||
| Q3 25 | $2.49 | $1.26 | ||
| Q2 25 | $2.81 | $0.07 | ||
| Q1 25 | $2.62 | $-3.35 | ||
| Q4 24 | $2.40 | $-0.22 | ||
| Q3 24 | $2.50 | $1.21 | ||
| Q2 24 | $2.42 | $0.95 |
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 | $167.9M |
| 总债务越低越好 | $3.4B | $1.5B |
| 股东权益账面价值 | — | $4.5B |
| 总资产 | $202.0B | $8.2B |
| 负债/权益比越低杠杆越低 | — | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资CMEJBTM
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | $167.9M | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $1.9B | — |
总债务CMEJBTM
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $648.3M | ||
| Q2 24 | — | $647.7M |
股东权益CMEJBTM
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $4.5B | ||
| Q3 25 | $28.2B | $4.4B | ||
| Q2 25 | $27.7B | $4.4B | ||
| Q1 25 | $27.0B | $4.1B | ||
| Q4 24 | $26.5B | $1.5B | ||
| Q3 24 | $28.2B | $1.6B | ||
| Q2 24 | $27.6B | $1.5B |
总资产CMEJBTM
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $8.2B | ||
| Q3 25 | $187.1B | $8.2B | ||
| Q2 25 | $179.9B | $8.3B | ||
| Q1 25 | $157.8B | $8.0B | ||
| Q4 24 | $137.4B | $3.4B | ||
| Q3 24 | $137.8B | $2.8B | ||
| Q2 24 | $123.4B | $2.7B |
负债/权益比CMEJBTM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.43× |
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 | — | $117.4M |
| 自由现金流经营现金流 - 资本支出 | — | $83.5M |
| 自由现金流率自由现金流/营收 | — | 8.3% |
| 资本支出强度资本支出/营收 | — | 3.4% |
| 现金转化率经营现金流/净利润 | — | 2.21× |
| 过去12个月自由现金流最近4个季度 | — | $238.1M |
8季度趋势，按日历期对齐
经营现金流CMEJBTM
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $117.4M | ||
| Q3 25 | $968.1M | $87.7M | ||
| Q2 25 | $1.1B | $102.2M | ||
| Q1 25 | $1.1B | $34.4M | ||
| Q4 24 | $1.0B | $128.7M | ||
| Q3 24 | $1.0B | $71.9M | ||
| Q2 24 | $776.9M | $21.6M |
自由现金流CMEJBTM
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $83.5M | ||
| Q3 25 | $949.7M | $56.5M | ||
| Q2 25 | $1.0B | $83.7M | ||
| Q1 25 | $1.1B | $14.4M | ||
| Q4 24 | $991.7M | $118.7M | ||
| Q3 24 | $973.2M | $65.0M | ||
| Q2 24 | $758.7M | $11.1M |
自由现金流率CMEJBTM
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 8.3% | ||
| Q3 25 | 61.8% | 5.6% | ||
| Q2 25 | 61.5% | 9.0% | ||
| Q1 25 | 67.1% | 1.7% | ||
| Q4 24 | 65.0% | 25.4% | ||
| Q3 24 | 61.4% | 14.3% | ||
| Q2 24 | 49.5% | 2.8% |
资本支出强度CMEJBTM
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 3.4% | ||
| Q3 25 | 1.2% | 3.1% | ||
| Q2 25 | 1.1% | 2.0% | ||
| Q1 25 | 0.9% | 2.3% | ||
| Q4 24 | 1.7% | 2.1% | ||
| Q3 24 | 1.9% | 1.5% | ||
| Q2 24 | 1.2% | 2.6% |
现金转化率CMEJBTM
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 2.21× | ||
| Q3 25 | 1.07× | 1.33× | ||
| Q2 25 | 1.03× | 30.06× | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 1.16× | — | ||
| Q3 24 | 1.10× | 1.85× | ||
| Q2 24 | 0.88× | 0.70× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
