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芝商所（CME）与SEABOARD CORP（SEB）财务数据对比。点击上方公司名可切换其他公司
SEABOARD CORP的季度营收约是芝商所的1.3倍（$2.4B vs $1.9B），SEABOARD CORP净利率更高（10.6% vs 0.1%，领先10.5%），芝商所同比增速更快（14.5% vs -2.9%），过去两年芝商所的营收复合增速更高（10.8% vs 4.9%）
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。
Seaboard Corporation是一家多元化跨国农业综合及运输集团，业务覆盖多个垂直整合领域。美国本土核心业务包括生猪养殖加工与远洋运输，海外板块主营大宗商品贸易、谷物加工、食糖生产及发电，总部位于堪萨斯州梅里亚姆。
CME vs SEB — 直观对比
营收规模更大
SEB
是对方的1.3倍
$1.9B
营收增速更快
CME
高出17.4%
-2.9%
净利率更高
SEB
高出10.5%
0.1%
两年增速更快
CME
近两年复合增速
4.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.4B |
| 净利润 | $1.2M | $255.0M |
| 毛利率 | — | 7.9% |
| 营业利润率 | 0.1% | 2.7% |
| 净利率 | 0.1% | 10.6% |
| 营收同比 | 14.5% | -2.9% |
| 净利润同比 | 20.7% | 63.5% |
| 每股收益（稀释后） | — | $262.58 |
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CMESEB
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $1.5B | $2.5B | ||
| Q2 25 | $1.7B | $2.5B | ||
| Q1 25 | $1.6B | $2.3B | ||
| Q4 24 | $1.5B | $2.5B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $1.5B | $2.2B |
净利润CMESEB
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $255.0M | ||
| Q3 25 | $908.0M | $110.0M | ||
| Q2 25 | $1.0B | $104.0M | ||
| Q1 25 | $956.2M | $32.0M | ||
| Q4 24 | $874.6M | $156.0M | ||
| Q3 24 | $912.8M | $-149.0M | ||
| Q2 24 | $883.2M | $61.0M |
毛利率CMESEB
| Q1 26 | — | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 5.8% |
营业利润率CMESEB
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 2.7% | ||
| Q3 25 | 63.3% | 3.3% | ||
| Q2 25 | 66.7% | 2.1% | ||
| Q1 25 | 67.5% | 1.6% | ||
| Q4 24 | 62.1% | 4.6% | ||
| Q3 24 | 64.6% | 1.4% | ||
| Q2 24 | 65.3% | 1.4% |
净利率CMESEB
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | 10.6% | ||
| Q3 25 | 59.1% | 4.3% | ||
| Q2 25 | 60.6% | 4.2% | ||
| Q1 25 | 58.2% | 1.4% | ||
| Q4 24 | 57.3% | 6.3% | ||
| Q3 24 | 57.6% | -6.7% | ||
| Q2 24 | 57.6% | 2.8% |
每股收益（稀释后）CMESEB
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $262.58 | ||
| Q3 25 | $2.49 | $113.71 | ||
| Q2 25 | $2.81 | $105.22 | ||
| Q1 25 | $2.62 | $32.95 | ||
| Q4 24 | $2.40 | $158.58 | ||
| Q3 24 | $2.50 | $-153.44 | ||
| Q2 24 | $2.42 | $62.82 |
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 | $1.2B |
| 总债务越低越好 | $3.4B | — |
| 股东权益账面价值 | — | $5.2B |
| 总资产 | $202.0B | $8.2B |
| 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CMESEB
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | $1.2B | ||
| Q3 25 | $2.6B | $1.2B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $2.4B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B |
总债务CMESEB
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CMESEB
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $5.2B | ||
| Q3 25 | $28.2B | $5.0B | ||
| Q2 25 | $27.7B | $4.8B | ||
| Q1 25 | $27.0B | $4.7B | ||
| Q4 24 | $26.5B | $4.7B | ||
| Q3 24 | $28.2B | $4.5B | ||
| Q2 24 | $27.6B | $4.7B |
总资产CMESEB
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $8.2B | ||
| Q3 25 | $187.1B | $8.0B | ||
| Q2 25 | $179.9B | $7.9B | ||
| Q1 25 | $157.8B | $7.6B | ||
| Q4 24 | $137.4B | $7.7B | ||
| Q3 24 | $137.8B | $7.5B | ||
| Q2 24 | $123.4B | $7.7B |
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 | — | $188.0M |
| 自由现金流经营现金流 - 资本支出 | — | $53.0M |
| 自由现金流率自由现金流/营收 | — | 2.2% |
| 资本支出强度资本支出/营收 | — | 5.6% |
| 现金转化率经营现金流/净利润 | — | 0.74× |
| 过去12个月自由现金流最近4个季度 | — | $6.0M |
8季度趋势，按日历期对齐
经营现金流CMESEB
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $188.0M | ||
| Q3 25 | $968.1M | $319.0M | ||
| Q2 25 | $1.1B | $81.0M | ||
| Q1 25 | $1.1B | $-20.0M | ||
| Q4 24 | $1.0B | $300.0M | ||
| Q3 24 | $1.0B | $194.0M | ||
| Q2 24 | $776.9M | $6.0M |
自由现金流CMESEB
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $53.0M | ||
| Q3 25 | $949.7M | $152.0M | ||
| Q2 25 | $1.0B | $-70.0M | ||
| Q1 25 | $1.1B | $-129.0M | ||
| Q4 24 | $991.7M | $162.0M | ||
| Q3 24 | $973.2M | $58.0M | ||
| Q2 24 | $758.7M | $-127.0M |
自由现金流率CMESEB
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 2.2% | ||
| Q3 25 | 61.8% | 6.0% | ||
| Q2 25 | 61.5% | -2.8% | ||
| Q1 25 | 67.1% | -5.6% | ||
| Q4 24 | 65.0% | 6.5% | ||
| Q3 24 | 61.4% | 2.6% | ||
| Q2 24 | 49.5% | -5.7% |
资本支出强度CMESEB
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 5.6% | ||
| Q3 25 | 1.2% | 6.6% | ||
| Q2 25 | 1.1% | 6.1% | ||
| Q1 25 | 0.9% | 4.7% | ||
| Q4 24 | 1.7% | 5.6% | ||
| Q3 24 | 1.9% | 6.1% | ||
| Q2 24 | 1.2% | 6.0% |
现金转化率CMESEB
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 0.74× | ||
| Q3 25 | 1.07× | 2.90× | ||
| Q2 25 | 1.03× | 0.78× | ||
| Q1 25 | 1.17× | -0.63× | ||
| Q4 24 | 1.16× | 1.92× | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 0.88× | 0.10× |
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
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
