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芝商所（CME）与李维斯（LEVI）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李维斯的1.1倍（$1.9B vs $1.8B），李维斯净利率更高（8.9% vs 0.1%，领先8.9%），芝商所同比增速更快（14.5% vs -4.0%），过去两年芝商所的营收复合增速更高（10.8% vs 6.5%）
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。
李维斯（Levi Strauss & Co.）是全球知名的美国服饰企业，凭借旗下Levi's品牌丹宁牛仔裤享誉全球。公司创立于1853年5月，由德裔犹太移民李维·斯特劳斯在旧金山成立，注册地为特拉华州，总部设在旧金山李维斯广场。
CME vs LEVI — 直观对比
营收规模更大
CME
是对方的1.1倍
$1.8B
营收增速更快
CME
高出18.5%
-4.0%
净利率更高
LEVI
高出8.9%
0.1%
两年增速更快
CME
近两年复合增速
6.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.8B |
| 净利润 | $1.2M | $158.0M |
| 毛利率 | — | 60.8% |
| 营业利润率 | 0.1% | 11.9% |
| 净利率 | 0.1% | 8.9% |
| 营收同比 | 14.5% | -4.0% |
| 净利润同比 | 20.7% | -13.4% |
| 每股收益（稀释后） | — | $0.39 |
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CMELEVI
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.5B | $1.4B |
净利润CMELEVI
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $158.0M | ||
| Q3 25 | $908.0M | $218.1M | ||
| Q2 25 | $1.0B | $67.0M | ||
| Q1 25 | $956.2M | $135.0M | ||
| Q4 24 | $874.6M | $182.5M | ||
| Q3 24 | $912.8M | $20.7M | ||
| Q2 24 | $883.2M | $18.0M |
毛利率CMELEVI
| Q1 26 | — | — | ||
| Q4 25 | — | 60.8% | ||
| Q3 25 | — | 61.7% | ||
| Q2 25 | — | 62.6% | ||
| Q1 25 | — | 62.1% | ||
| Q4 24 | — | 61.3% | ||
| Q3 24 | — | 60.0% | ||
| Q2 24 | — | 60.5% |
营业利润率CMELEVI
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 11.9% | ||
| Q3 25 | 63.3% | 10.8% | ||
| Q2 25 | 66.7% | 7.5% | ||
| Q1 25 | 67.5% | 12.5% | ||
| Q4 24 | 62.1% | 11.5% | ||
| Q3 24 | 64.6% | 2.0% | ||
| Q2 24 | 65.3% | 1.5% |
净利率CMELEVI
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | 8.9% | ||
| Q3 25 | 59.1% | 14.1% | ||
| Q2 25 | 60.6% | 4.6% | ||
| Q1 25 | 58.2% | 8.8% | ||
| Q4 24 | 57.3% | 9.9% | ||
| Q3 24 | 57.6% | 1.4% | ||
| Q2 24 | 57.6% | 1.2% |
每股收益（稀释后）CMELEVI
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $0.39 | ||
| Q3 25 | $2.49 | $0.55 | ||
| Q2 25 | $2.81 | $0.17 | ||
| Q1 25 | $2.62 | $0.34 | ||
| Q4 24 | $2.40 | $0.46 | ||
| Q3 24 | $2.50 | $0.05 | ||
| Q2 24 | $2.42 | $0.04 |
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 | $848.8M |
| 总债务越低越好 | $3.4B | $1.1B |
| 股东权益账面价值 | — | $2.3B |
| 总资产 | $202.0B | $6.8B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资CMELEVI
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | $848.8M | ||
| Q3 25 | $2.6B | $707.5M | ||
| Q2 25 | $2.1B | $736.7M | ||
| Q1 25 | $1.5B | $574.4M | ||
| Q4 24 | $3.0B | $690.0M | ||
| Q3 24 | $2.4B | $577.1M | ||
| Q2 24 | $1.9B | $641.4M |
总债务CMELEVI
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $987.4M | ||
| Q4 24 | — | $994.0M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
股东权益CMELEVI
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $2.3B | ||
| Q3 25 | $28.2B | $2.2B | ||
| Q2 25 | $27.7B | $2.1B | ||
| Q1 25 | $27.0B | $2.0B | ||
| Q4 24 | $26.5B | $2.0B | ||
| Q3 24 | $28.2B | $1.9B | ||
| Q2 24 | $27.6B | $2.0B |
总资产CMELEVI
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $6.8B | ||
| Q3 25 | $187.1B | $6.7B | ||
| Q2 25 | $179.9B | $6.5B | ||
| Q1 25 | $157.8B | $6.2B | ||
| Q4 24 | $137.4B | $6.4B | ||
| Q3 24 | $137.8B | $6.3B | ||
| Q2 24 | $123.4B | $6.2B |
负债/权益比CMELEVI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.51× |
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 | — | $266.8M |
| 自由现金流经营现金流 - 资本支出 | — | $215.7M |
| 自由现金流率自由现金流/营收 | — | 12.2% |
| 资本支出强度资本支出/营收 | — | 2.9% |
| 现金转化率经营现金流/净利润 | — | 1.69× |
| 过去12个月自由现金流最近4个季度 | — | $308.2M |
8季度趋势，按日历期对齐
经营现金流CMELEVI
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $266.8M | ||
| Q3 25 | $968.1M | $24.8M | ||
| Q2 25 | $1.1B | $185.5M | ||
| Q1 25 | $1.1B | $52.5M | ||
| Q4 24 | $1.0B | $297.3M | ||
| Q3 24 | $1.0B | $52.3M | ||
| Q2 24 | $776.9M | $262.8M |
自由现金流CMELEVI
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $215.7M | ||
| Q3 25 | $949.7M | $-39.4M | ||
| Q2 25 | $1.0B | $146.0M | ||
| Q1 25 | $1.1B | $-14.1M | ||
| Q4 24 | $991.7M | $231.6M | ||
| Q3 24 | $973.2M | $2.3M | ||
| Q2 24 | $758.7M | $222.6M |
自由现金流率CMELEVI
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 12.2% | ||
| Q3 25 | 61.8% | -2.6% | ||
| Q2 25 | 61.5% | 10.1% | ||
| Q1 25 | 67.1% | -0.9% | ||
| Q4 24 | 65.0% | 12.6% | ||
| Q3 24 | 61.4% | 0.2% | ||
| Q2 24 | 49.5% | 15.4% |
资本支出强度CMELEVI
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 2.9% | ||
| Q3 25 | 1.2% | 4.2% | ||
| Q2 25 | 1.1% | 2.7% | ||
| Q1 25 | 0.9% | 4.4% | ||
| Q4 24 | 1.7% | 3.6% | ||
| Q3 24 | 1.9% | 3.3% | ||
| Q2 24 | 1.2% | 2.8% |
现金转化率CMELEVI
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 1.69× | ||
| Q3 25 | 1.07× | 0.11× | ||
| Q2 25 | 1.03× | 2.77× | ||
| Q1 25 | 1.17× | 0.39× | ||
| Q4 24 | 1.16× | 1.63× | ||
| Q3 24 | 1.10× | 2.53× | ||
| Q2 24 | 0.88× | 14.60× |
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
LEVI
| Other | $760.3M | 43% |
| Sales Channel Through Intermediary | $583.2M | 33% |
| Sales Channel Directly To Consumer | $376.0M | 21% |
| Beyond Yoga | $46.3M | 3% |
