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芝商所（CME）与Liberty Latin America Ltd.（LILA）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Liberty Latin America Ltd.的1.6倍（$1.9B vs $1.2B），芝商所净利率更高（0.1% vs -4.7%，领先4.8%），芝商所同比增速更快（14.5% vs 1.7%），过去两年芝商所的营收复合增速更高（10.8% vs 2.7%）
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。
自由拉丁美洲有限公司是一家跨国电信运营商，由自由媒体国际业务板块与UnitedGlobalCom（UGC）于2005年合并而成，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛设有总部，旗下包含英国、荷兰等多地运营主体，相关业务覆盖电信服务领域。
CME vs LILA — 直观对比
营收规模更大
CME
是对方的1.6倍
$1.2B
营收增速更快
CME
高出12.8%
1.7%
净利率更高
CME
高出4.8%
-4.7%
两年增速更快
CME
近两年复合增速
2.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.2B |
| 净利润 | $1.2M | $-54.8M |
| 毛利率 | — | 77.3% |
| 营业利润率 | 0.1% | 10.8% |
| 净利率 | 0.1% | -4.7% |
| 营收同比 | 14.5% | 1.7% |
| 净利润同比 | 20.7% | 74.0% |
| 每股收益（稀释后） | — | $-0.27 |
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CMELILA
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B |
净利润CMELILA
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $-54.8M | ||
| Q3 25 | $908.0M | $3.3M | ||
| Q2 25 | $1.0B | $-423.3M | ||
| Q1 25 | $956.2M | $-136.4M | ||
| Q4 24 | $874.6M | $-210.4M | ||
| Q3 24 | $912.8M | $-435.8M | ||
| Q2 24 | $883.2M | $-42.7M |
毛利率CMELILA
| Q1 26 | — | — | ||
| Q4 25 | — | 77.3% | ||
| Q3 25 | — | 77.7% | ||
| Q2 25 | — | 78.6% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 76.1% | ||
| Q3 24 | — | 78.7% | ||
| Q2 24 | — | 78.1% |
营业利润率CMELILA
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 10.8% | ||
| Q3 25 | 63.3% | 16.9% | ||
| Q2 25 | 66.7% | -30.6% | ||
| Q1 25 | 67.5% | 11.8% | ||
| Q4 24 | 62.1% | 8.7% | ||
| Q3 24 | 64.6% | -34.9% | ||
| Q2 24 | 65.3% | 9.9% |
净利率CMELILA
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | -4.7% | ||
| Q3 25 | 59.1% | 0.3% | ||
| Q2 25 | 60.6% | -39.0% | ||
| Q1 25 | 58.2% | -12.6% | ||
| Q4 24 | 57.3% | -18.5% | ||
| Q3 24 | 57.6% | -40.0% | ||
| Q2 24 | 57.6% | -3.8% |
每股收益（稀释后）CMELILA
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $-0.27 | ||
| Q3 25 | $2.49 | $0.02 | ||
| Q2 25 | $2.81 | $-2.12 | ||
| Q1 25 | $2.62 | $-0.69 | ||
| Q4 24 | $2.40 | $-1.03 | ||
| Q3 24 | $2.50 | $-2.22 | ||
| Q2 24 | $2.42 | $-0.22 |
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 | $783.9M |
| 总债务越低越好 | $3.4B | $7.9B |
| 股东权益账面价值 | — | $555.6M |
| 总资产 | $202.0B | $12.2B |
| 负债/权益比越低杠杆越低 | — | 14.17× |
8季度趋势，按日历期对齐
现金及短期投资CMELILA
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | $783.9M | ||
| Q3 25 | $2.6B | $596.7M | ||
| Q2 25 | $2.1B | $514.4M | ||
| Q1 25 | $1.5B | $575.5M | ||
| Q4 24 | $3.0B | $654.3M | ||
| Q3 24 | $2.4B | $588.6M | ||
| Q2 24 | $1.9B | $598.6M |
总债务CMELILA
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | $7.9B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.6B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | $7.6B |
股东权益CMELILA
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $555.6M | ||
| Q3 25 | $28.2B | $628.9M | ||
| Q2 25 | $27.7B | $608.4M | ||
| Q1 25 | $27.0B | $1.0B | ||
| Q4 24 | $26.5B | $1.1B | ||
| Q3 24 | $28.2B | $1.2B | ||
| Q2 24 | $27.6B | $1.7B |
总资产CMELILA
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $12.2B | ||
| Q3 25 | $187.1B | $12.0B | ||
| Q2 25 | $179.9B | $12.0B | ||
| Q1 25 | $157.8B | $12.6B | ||
| Q4 24 | $137.4B | $12.8B | ||
| Q3 24 | $137.8B | $12.7B | ||
| Q2 24 | $123.4B | $13.2B |
负债/权益比CMELILA
| Q1 26 | — | — | ||
| Q4 25 | — | 14.17× | ||
| Q3 25 | — | 12.45× | ||
| Q2 25 | — | 12.50× | ||
| Q1 25 | — | 7.47× | ||
| Q4 24 | — | 6.99× | ||
| Q3 24 | — | 6.20× | ||
| Q2 24 | — | 4.59× |
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 | — | $461.9M |
| 自由现金流经营现金流 - 资本支出 | — | $320.1M |
| 自由现金流率自由现金流/营收 | — | 27.6% |
| 资本支出强度资本支出/营收 | — | 12.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $305.9M |
8季度趋势，按日历期对齐
经营现金流CMELILA
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $461.9M | ||
| Q3 25 | $968.1M | $178.2M | ||
| Q2 25 | $1.1B | $141.2M | ||
| Q1 25 | $1.1B | $24.6M | ||
| Q4 24 | $1.0B | $398.6M | ||
| Q3 24 | $1.0B | $177.5M | ||
| Q2 24 | $776.9M | $156.9M |
自由现金流CMELILA
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $320.1M | ||
| Q3 25 | $949.7M | $56.0M | ||
| Q2 25 | $1.0B | $1.9M | ||
| Q1 25 | $1.1B | $-72.1M | ||
| Q4 24 | $991.7M | $234.9M | ||
| Q3 24 | $973.2M | $51.0M | ||
| Q2 24 | $758.7M | $16.4M |
自由现金流率CMELILA
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 27.6% | ||
| Q3 25 | 61.8% | 5.0% | ||
| Q2 25 | 61.5% | 0.2% | ||
| Q1 25 | 67.1% | -6.7% | ||
| Q4 24 | 65.0% | 20.6% | ||
| Q3 24 | 61.4% | 4.7% | ||
| Q2 24 | 49.5% | 1.5% |
资本支出强度CMELILA
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 12.2% | ||
| Q3 25 | 1.2% | 11.0% | ||
| Q2 25 | 1.1% | 12.8% | ||
| Q1 25 | 0.9% | 8.9% | ||
| Q4 24 | 1.7% | 14.4% | ||
| Q3 24 | 1.9% | 11.6% | ||
| Q2 24 | 1.2% | 12.6% |
现金转化率CMELILA
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | 54.00× | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 1.16× | — | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 0.88× | — |
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
LILA
| Liberty Cablevisionof Puerto Rico LLC Liberty Puerto Rico | $301.3M | 26% |
| Cable Wireless Communications Limited CW Panama | $230.1M | 20% |
| Costa Rica Segment | $168.2M | 15% |
| Liberty Networks | $129.3M | 11% |
| Cable Subscription | $112.4M | 10% |
| Mobile Subscription | $95.9M | 8% |
| Mobile Handset And Other Devices | $73.0M | 6% |
| Liberty Networks Other | $25.0M | 2% |
| Mobile Non Subscription | $21.6M | 2% |
| B2B Mobile Handsetand Other Devices | $7.0M | 1% |
| Cable Non Subscription | $4.3M | 0% |
