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芝商所（CME）与M/I HOMES, INC.（MHO）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M/I HOMES, INC.的1.6倍（$1.9B vs $1.1B），M/I HOMES, INC.净利率更高（5.6% vs 0.1%，领先5.5%），芝商所同比增速更快（14.5% vs -4.8%），过去两年芝商所的营收复合增速更高（10.8% vs 4.7%）
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。
M/I Homes是美国领先的住宅建筑企业，主要设计、建造及销售独栋住宅、联排住宅与复式公寓，业务覆盖美国多州，面向首次置业、改善型及高端置业群体，提供节能住宅产品与个性化定制服务。
CME vs MHO — 直观对比
营收规模更大
CME
是对方的1.6倍
$1.1B
营收增速更快
CME
高出19.3%
-4.8%
净利率更高
MHO
高出5.5%
0.1%
两年增速更快
CME
近两年复合增速
4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.1B |
| 净利润 | $1.2M | $64.0M |
| 毛利率 | — | 17.4% |
| 营业利润率 | 0.1% | 6.5% |
| 净利率 | 0.1% | 5.6% |
| 营收同比 | 14.5% | -4.8% |
| 净利润同比 | 20.7% | -52.1% |
| 每股收益（稀释后） | — | $2.42 |
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CMEMHO
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.6B | $976.1M | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B |
净利润CMEMHO
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $64.0M | ||
| Q3 25 | $908.0M | $106.5M | ||
| Q2 25 | $1.0B | $121.2M | ||
| Q1 25 | $956.2M | $111.2M | ||
| Q4 24 | $874.6M | $133.5M | ||
| Q3 24 | $912.8M | $145.4M | ||
| Q2 24 | $883.2M | $146.7M |
毛利率CMEMHO
| Q1 26 | — | — | ||
| Q4 25 | — | 17.4% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 27.9% |
营业利润率CMEMHO
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 6.5% | ||
| Q3 25 | 63.3% | 12.0% | ||
| Q2 25 | 66.7% | 13.4% | ||
| Q1 25 | 67.5% | 14.4% | ||
| Q4 24 | 62.1% | 13.6% | ||
| Q3 24 | 64.6% | 15.9% | ||
| Q2 24 | 65.3% | 16.8% |
净利率CMEMHO
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | 5.6% | ||
| Q3 25 | 59.1% | 9.4% | ||
| Q2 25 | 60.6% | 10.4% | ||
| Q1 25 | 58.2% | 11.4% | ||
| Q4 24 | 57.3% | 11.1% | ||
| Q3 24 | 57.6% | 12.7% | ||
| Q2 24 | 57.6% | 13.2% |
每股收益（稀释后）CMEMHO
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $2.42 | ||
| Q3 25 | $2.49 | $3.92 | ||
| Q2 25 | $2.81 | $4.42 | ||
| Q1 25 | $2.62 | $3.98 | ||
| Q4 24 | $2.40 | $4.71 | ||
| Q3 24 | $2.50 | $5.10 | ||
| Q2 24 | $2.42 | $5.12 |
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 | — | $3.2B |
| 总资产 | $202.0B | $4.8B |
| 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CMEMHO
| 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CMEMHO
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CMEMHO
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $3.2B | ||
| Q3 25 | $28.2B | $3.1B | ||
| Q2 25 | $27.7B | $3.1B | ||
| Q1 25 | $27.0B | $3.0B | ||
| Q4 24 | $26.5B | $2.9B | ||
| Q3 24 | $28.2B | $2.8B | ||
| Q2 24 | $27.6B | $2.7B |
总资产CMEMHO
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $4.8B | ||
| Q3 25 | $187.1B | $4.8B | ||
| Q2 25 | $179.9B | $4.7B | ||
| Q1 25 | $157.8B | $4.6B | ||
| Q4 24 | $137.4B | $4.5B | ||
| Q3 24 | $137.8B | $4.5B | ||
| Q2 24 | $123.4B | $4.3B |
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 | — | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-13.0M |
| 自由现金流率自由现金流/营收 | — | -1.1% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | -0.14× |
| 过去12个月自由现金流最近4个季度 | — | $127.7M |
8季度趋势，按日历期对齐
经营现金流CMEMHO
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $-8.7M | ||
| Q3 25 | $968.1M | $43.4M | ||
| Q2 25 | $1.1B | $37.8M | ||
| Q1 25 | $1.1B | $64.9M | ||
| Q4 24 | $1.0B | $104.4M | ||
| Q3 24 | $1.0B | $-67.9M | ||
| Q2 24 | $776.9M | $27.5M |
自由现金流CMEMHO
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $-13.0M | ||
| Q3 25 | $949.7M | $42.0M | ||
| Q2 25 | $1.0B | $35.1M | ||
| Q1 25 | $1.1B | $63.5M | ||
| Q4 24 | $991.7M | $102.3M | ||
| Q3 24 | $973.2M | $-68.5M | ||
| Q2 24 | $758.7M | $22.0M |
自由现金流率CMEMHO
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | -1.1% | ||
| Q3 25 | 61.8% | 3.7% | ||
| Q2 25 | 61.5% | 3.0% | ||
| Q1 25 | 67.1% | 6.5% | ||
| Q4 24 | 65.0% | 8.5% | ||
| Q3 24 | 61.4% | -6.0% | ||
| Q2 24 | 49.5% | 2.0% |
资本支出强度CMEMHO
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 0.4% | ||
| Q3 25 | 1.2% | 0.1% | ||
| Q2 25 | 1.1% | 0.2% | ||
| Q1 25 | 0.9% | 0.1% | ||
| Q4 24 | 1.7% | 0.2% | ||
| Q3 24 | 1.9% | 0.1% | ||
| Q2 24 | 1.2% | 0.5% |
现金转化率CMEMHO
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | -0.14× | ||
| Q3 25 | 1.07× | 0.41× | ||
| Q2 25 | 1.03× | 0.31× | ||
| Q1 25 | 1.17× | 0.58× | ||
| Q4 24 | 1.16× | 0.78× | ||
| Q3 24 | 1.10× | -0.47× | ||
| Q2 24 | 0.88× | 0.19× |
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
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
