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芝商所（CME）与天宝（TRMB）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天宝的1.9倍（$1.9B vs $969.8M），天宝净利率更高（16.1% vs 0.1%，领先16.1%），芝商所同比增速更快（14.5% vs -73.7%），过去两年芝商所的营收复合增速更高（10.8% vs 0.9%）
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。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
CME vs TRMB — 直观对比
营收规模更大
CME
是对方的1.9倍
$969.8M
营收增速更快
CME
高出88.2%
-73.7%
净利率更高
TRMB
高出16.1%
0.1%
两年增速更快
CME
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $969.8M |
| 净利润 | $1.2M | $156.6M |
| 毛利率 | — | 72.0% |
| 营业利润率 | 0.1% | 22.3% |
| 净利率 | 0.1% | 16.1% |
| 营收同比 | 14.5% | -73.7% |
| 净利润同比 | 20.7% | 73.6% |
| 每股收益（稀释后） | — | $0.65 |
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CMETRMB
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | $901.2M | ||
| Q3 25 | $1.5B | $875.7M | ||
| Q2 25 | $1.7B | $840.6M | ||
| Q1 25 | $1.6B | $983.4M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | $875.8M | ||
| Q2 24 | $1.5B | $870.8M |
净利润CMETRMB
| Q1 26 | $1.2M | — | ||
| Q4 25 | $1.2B | $111.5M | ||
| Q3 25 | $908.0M | $89.2M | ||
| Q2 25 | $1.0B | $66.7M | ||
| Q1 25 | $956.2M | $90.2M | ||
| Q4 24 | $874.6M | — | ||
| Q3 24 | $912.8M | $40.6M | ||
| Q2 24 | $883.2M | $1.3B |
毛利率CMETRMB
| Q1 26 | — | — | ||
| Q4 25 | — | 68.9% | ||
| Q3 25 | — | 68.3% | ||
| Q2 25 | — | 66.7% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 65.7% | ||
| Q2 24 | — | 62.7% |
营业利润率CMETRMB
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 16.7% | ||
| Q3 25 | 63.3% | 14.6% | ||
| Q2 25 | 66.7% | 11.6% | ||
| Q1 25 | 67.5% | 17.6% | ||
| Q4 24 | 62.1% | — | ||
| Q3 24 | 64.6% | 13.3% | ||
| Q2 24 | 65.3% | 7.1% |
净利率CMETRMB
| Q1 26 | 0.1% | — | ||
| Q4 25 | 71.7% | 12.4% | ||
| Q3 25 | 59.1% | 10.2% | ||
| Q2 25 | 60.6% | 7.9% | ||
| Q1 25 | 58.2% | 9.2% | ||
| Q4 24 | 57.3% | — | ||
| Q3 24 | 57.6% | 4.6% | ||
| Q2 24 | 57.6% | 151.2% |
每股收益（稀释后）CMETRMB
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $0.46 | ||
| Q3 25 | $2.49 | $0.37 | ||
| Q2 25 | $2.81 | $0.27 | ||
| Q1 25 | $2.62 | $0.36 | ||
| Q4 24 | $2.40 | — | ||
| Q3 24 | $2.50 | $0.16 | ||
| Q2 24 | $2.42 | $5.34 |
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 | $253.4M |
| 总债务越低越好 | $3.4B | $1.4B |
| 股东权益账面价值 | — | $5.8B |
| 总资产 | $202.0B | $9.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资CMETRMB
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | $232.7M | ||
| Q3 25 | $2.6B | $265.9M | ||
| Q2 25 | $2.1B | $290.0M | ||
| Q1 25 | $1.5B | $738.8M | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.4B | $1.0B | ||
| Q2 24 | $1.9B | $944.1M |
总债务CMETRMB
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CMETRMB
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $5.8B | ||
| Q3 25 | $28.2B | $5.7B | ||
| Q2 25 | $27.7B | $5.4B | ||
| Q1 25 | $27.0B | $5.7B | ||
| Q4 24 | $26.5B | — | ||
| Q3 24 | $28.2B | $5.9B | ||
| Q2 24 | $27.6B | $5.6B |
总资产CMETRMB
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $9.0B | ||
| Q3 25 | $187.1B | $9.1B | ||
| Q2 25 | $179.9B | $8.9B | ||
| Q1 25 | $157.8B | $9.5B | ||
| Q4 24 | $137.4B | — | ||
| Q3 24 | $137.8B | $9.9B | ||
| Q2 24 | $123.4B | $9.6B |
负债/权益比CMETRMB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $386.2M |
| 自由现金流经营现金流 - 资本支出 | — | $360.9M |
| 自由现金流率自由现金流/营收 | — | 37.2% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | — | 2.47× |
| 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CMETRMB
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $968.1M | $123.8M | ||
| Q2 25 | $1.1B | $155.6M | ||
| Q1 25 | $1.1B | $115.1M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | $94.9M | ||
| Q2 24 | $776.9M | $87.6M |
自由现金流CMETRMB
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $949.7M | $116.6M | ||
| Q2 25 | $1.0B | $149.0M | ||
| Q1 25 | $1.1B | $109.0M | ||
| Q4 24 | $991.7M | — | ||
| Q3 24 | $973.2M | $88.5M | ||
| Q2 24 | $758.7M | $73.3M |
自由现金流率CMETRMB
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | — | ||
| Q3 25 | 61.8% | 13.3% | ||
| Q2 25 | 61.5% | 17.7% | ||
| Q1 25 | 67.1% | 11.1% | ||
| Q4 24 | 65.0% | — | ||
| Q3 24 | 61.4% | 10.1% | ||
| Q2 24 | 49.5% | 8.4% |
资本支出强度CMETRMB
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.2% | 0.8% | ||
| Q2 25 | 1.1% | 0.8% | ||
| Q1 25 | 0.9% | 0.6% | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 1.9% | 0.7% | ||
| Q2 24 | 1.2% | 1.6% |
现金转化率CMETRMB
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | 1.39× | ||
| Q2 25 | 1.03× | 2.33× | ||
| Q1 25 | 1.17× | 1.28× | ||
| Q4 24 | 1.16× | — | ||
| Q3 24 | 1.10× | 2.34× | ||
| Q2 24 | 0.88× | 0.07× |
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
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
