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芝商所（CME）与KB HOME（KBH）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KB HOME的1.1倍（$1.9B vs $1.7B），KB HOME净利率更高（6.0% vs 0.1%，领先5.9%），芝商所同比增速更快（14.5% vs -15.3%），过去两年芝商所的营收复合增速更高（10.8% vs 7.4%）
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。
KB Home是美国知名住宅建造企业，1957年于密歇根州底特律成立，前身为Kaufman & Broad，是首家在纽约证券交易所上市的住宅建造商，总部现位于加利福尼亚州洛杉矶。
CME vs KBH — 直观对比
营收规模更大
CME
是对方的1.1倍
$1.7B
营收增速更快
CME
高出29.8%
-15.3%
净利率更高
KBH
高出5.9%
0.1%
两年增速更快
CME
近两年复合增速
7.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.7B |
| 净利润 | $1.2M | $101.5M |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | — |
| 净利率 | 0.1% | 6.0% |
| 营收同比 | 14.5% | -15.3% |
| 净利润同比 | 20.7% | -46.7% |
| 每股收益（稀释后） | — | $1.55 |
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CMEKBH
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.5B | $2.0B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.5B | $1.7B |
净利润CMEKBH
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $101.5M | ||
| Q3 25 | $908.0M | $109.8M | ||
| Q2 25 | $1.0B | $107.9M | ||
| Q1 25 | $956.2M | $109.6M | ||
| Q4 24 | $874.6M | $190.6M | ||
| Q3 24 | $912.8M | $157.3M | ||
| Q2 24 | $883.2M | $168.4M |
营业利润率CMEKBH
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | — | ||
| Q3 25 | 63.3% | — | ||
| Q2 25 | 66.7% | — | ||
| Q1 25 | 67.5% | — | ||
| Q4 24 | 62.1% | — | ||
| Q3 24 | 64.6% | — | ||
| Q2 24 | 65.3% | — |
净利率CMEKBH
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | 6.0% | ||
| Q3 25 | 59.1% | 6.8% | ||
| Q2 25 | 60.6% | 7.1% | ||
| Q1 25 | 58.2% | 7.9% | ||
| Q4 24 | 57.3% | 9.5% | ||
| Q3 24 | 57.6% | 9.0% | ||
| Q2 24 | 57.6% | 9.9% |
每股收益（稀释后）CMEKBH
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $1.55 | ||
| Q3 25 | $2.49 | $1.61 | ||
| Q2 25 | $2.81 | $1.50 | ||
| Q1 25 | $2.62 | $1.49 | ||
| Q4 24 | $2.40 | $2.50 | ||
| Q3 24 | $2.50 | $2.04 | ||
| Q2 24 | $2.42 | $2.15 |
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 | — |
| 总债务越低越好 | $3.4B | — |
| 股东权益账面价值 | — | $3.9B |
| 总资产 | $202.0B | $6.7B |
| 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CMEKBH
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $1.9B | — |
总债务CMEKBH
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CMEKBH
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $3.9B | ||
| Q3 25 | $28.2B | $3.9B | ||
| Q2 25 | $27.7B | $4.0B | ||
| Q1 25 | $27.0B | $4.1B | ||
| Q4 24 | $26.5B | $4.1B | ||
| Q3 24 | $28.2B | $4.0B | ||
| Q2 24 | $27.6B | $4.0B |
总资产CMEKBH
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $6.7B | ||
| Q3 25 | $187.1B | $7.0B | ||
| Q2 25 | $179.9B | $7.0B | ||
| Q1 25 | $157.8B | $7.0B | ||
| Q4 24 | $137.4B | $6.9B | ||
| Q3 24 | $137.8B | $6.8B | ||
| Q2 24 | $123.4B | $6.8B |
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 | — | $303.8M |
| 自由现金流经营现金流 - 资本支出 | — | $290.1M |
| 自由现金流率自由现金流/营收 | — | 17.1% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | — | 2.99× |
| 过去12个月自由现金流最近4个季度 | — | $287.3M |
8季度趋势，按日历期对齐
经营现金流CMEKBH
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $303.8M | ||
| Q3 25 | $968.1M | $197.7M | ||
| Q2 25 | $1.1B | $168.4M | ||
| Q1 25 | $1.1B | $-334.3M | ||
| Q4 24 | $1.0B | $362.6M | ||
| Q3 24 | $1.0B | $-89.9M | ||
| Q2 24 | $776.9M | $61.5M |
自由现金流CMEKBH
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $290.1M | ||
| Q3 25 | $949.7M | $185.8M | ||
| Q2 25 | $1.0B | $156.9M | ||
| Q1 25 | $1.1B | $-345.5M | ||
| Q4 24 | $991.7M | $352.6M | ||
| Q3 24 | $973.2M | $-99.4M | ||
| Q2 24 | $758.7M | $51.2M |
自由现金流率CMEKBH
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 17.1% | ||
| Q3 25 | 61.8% | 11.5% | ||
| Q2 25 | 61.5% | 10.3% | ||
| Q1 25 | 67.1% | -24.8% | ||
| Q4 24 | 65.0% | 17.6% | ||
| Q3 24 | 61.4% | -5.7% | ||
| Q2 24 | 49.5% | 3.0% |
资本支出强度CMEKBH
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 0.8% | ||
| Q3 25 | 1.2% | 0.7% | ||
| Q2 25 | 1.1% | 0.8% | ||
| Q1 25 | 0.9% | 0.8% | ||
| Q4 24 | 1.7% | 0.5% | ||
| Q3 24 | 1.9% | 0.5% | ||
| Q2 24 | 1.2% | 0.6% |
现金转化率CMEKBH
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 2.99× | ||
| Q3 25 | 1.07× | 1.80× | ||
| Q2 25 | 1.03× | 1.56× | ||
| Q1 25 | 1.17× | -3.05× | ||
| Q4 24 | 1.16× | 1.90× | ||
| Q3 24 | 1.10× | -0.57× | ||
| Q2 24 | 0.88× | 0.37× |
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
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
