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芝商所（CME）与MSC INDUSTRIAL DIRECT CO INC（MSM）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MSC INDUSTRIAL DIRECT CO INC的1.9倍（$1.9B vs $965.7M），MSC INDUSTRIAL DIRECT CO INC净利率更高（5.4% vs 0.1%，领先5.3%），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 -3.4%）
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。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
CME vs MSM — 直观对比
营收规模更大
CME
是对方的1.9倍
$965.7M
营收增速更快
CME
高出10.5%
4.0%
净利率更高
MSM
高出5.3%
0.1%
两年增速更快
CME
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $965.7M |
| 净利润 | $1.2M | $51.8M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 0.1% | 7.9% |
| 净利率 | 0.1% | 5.4% |
| 营收同比 | 14.5% | 4.0% |
| 净利润同比 | 20.7% | 11.1% |
| 每股收益（稀释后） | — | $0.93 |
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CMEMSM
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $965.7M | ||
| Q3 25 | $1.5B | $978.2M | ||
| Q2 25 | $1.7B | $971.1M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.5B | $928.5M | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | $979.4M |
净利润CMEMSM
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $51.8M | ||
| Q3 25 | $908.0M | $56.5M | ||
| Q2 25 | $1.0B | $56.8M | ||
| Q1 25 | $956.2M | — | ||
| Q4 24 | $874.6M | $46.6M | ||
| Q3 24 | $912.8M | — | ||
| Q2 24 | $883.2M | $71.7M |
毛利率CMEMSM
| Q1 26 | — | — | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 40.4% | ||
| Q2 25 | — | 41.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 40.9% |
营业利润率CMEMSM
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 7.9% | ||
| Q3 25 | 63.3% | 8.6% | ||
| Q2 25 | 66.7% | 8.5% | ||
| Q1 25 | 67.5% | — | ||
| Q4 24 | 62.1% | 7.8% | ||
| Q3 24 | 64.6% | — | ||
| Q2 24 | 65.3% | 10.9% |
净利率CMEMSM
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | 5.4% | ||
| Q3 25 | 59.1% | 5.8% | ||
| Q2 25 | 60.6% | 5.9% | ||
| Q1 25 | 58.2% | — | ||
| Q4 24 | 57.3% | 5.0% | ||
| Q3 24 | 57.6% | — | ||
| Q2 24 | 57.6% | 7.3% |
每股收益（稀释后）CMEMSM
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $0.93 | ||
| Q3 25 | $2.49 | $1.02 | ||
| Q2 25 | $2.81 | $1.02 | ||
| Q1 25 | $2.62 | — | ||
| Q4 24 | $2.40 | $0.83 | ||
| Q3 24 | $2.50 | — | ||
| Q2 24 | $2.42 | $1.27 |
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 | $40.3M |
| 总债务越低越好 | $3.4B | $214.1M |
| 股东权益账面价值 | — | $1.4B |
| 总资产 | $202.0B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资CMEMSM
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | $40.3M | ||
| Q3 25 | $2.6B | $56.2M | ||
| Q2 25 | $2.1B | $71.7M | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $3.0B | $57.3M | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $1.9B | $25.9M |
总债务CMEMSM
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | $214.1M | ||
| Q3 25 | — | $168.8M | ||
| Q2 25 | — | $285.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $289.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $299.8M |
股东权益CMEMSM
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $1.4B | ||
| Q3 25 | $28.2B | $1.4B | ||
| Q2 25 | $27.7B | $1.4B | ||
| Q1 25 | $27.0B | — | ||
| Q4 24 | $26.5B | $1.4B | ||
| Q3 24 | $28.2B | — | ||
| Q2 24 | $27.6B | $1.4B |
总资产CMEMSM
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $2.5B | ||
| Q3 25 | $187.1B | $2.5B | ||
| Q2 25 | $179.9B | $2.5B | ||
| Q1 25 | $157.8B | — | ||
| Q4 24 | $137.4B | $2.5B | ||
| Q3 24 | $137.8B | — | ||
| Q2 24 | $123.4B | $2.5B |
负债/权益比CMEMSM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.21× |
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 | — | $29.4M |
| 自由现金流经营现金流 - 资本支出 | — | $7.4M |
| 自由现金流率自由现金流/营收 | — | 0.8% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | — | 0.57× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CMEMSM
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $29.4M | ||
| Q3 25 | $968.1M | — | ||
| Q2 25 | $1.1B | $151.6M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.0B | $101.9M | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $776.9M | $143.5M |
自由现金流CMEMSM
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $7.4M | ||
| Q3 25 | $949.7M | — | ||
| Q2 25 | $1.0B | $100.7M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $991.7M | $81.7M | ||
| Q3 24 | $973.2M | — | ||
| Q2 24 | $758.7M | $114.0M |
自由现金流率CMEMSM
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 0.8% | ||
| Q3 25 | 61.8% | — | ||
| Q2 25 | 61.5% | 10.4% | ||
| Q1 25 | 67.1% | — | ||
| Q4 24 | 65.0% | 8.8% | ||
| Q3 24 | 61.4% | — | ||
| Q2 24 | 49.5% | 11.6% |
资本支出强度CMEMSM
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 2.3% | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 1.1% | 5.2% | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 1.7% | 2.2% | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 1.2% | 3.0% |
现金转化率CMEMSM
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 0.57× | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.03× | 2.67× | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 1.16× | 2.18× | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 0.88× | 2.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
