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芝商所（CME）与Veralto（VLTO）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Veralto的1.3倍（$1.9B vs $1.4B），Veralto净利率更高（17.9% vs 0.1%，领先17.8%），芝商所同比增速更快（14.5% vs 6.8%），过去两年芝商所的营收复合增速更高（10.8% vs 6.8%）
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。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
CME vs VLTO — 直观对比
营收规模更大
CME
是对方的1.3倍
$1.4B
营收增速更快
CME
高出7.7%
6.8%
净利率更高
VLTO
高出17.8%
0.1%
两年增速更快
CME
近两年复合增速
6.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.4B |
| 净利润 | $1.2M | $254.0M |
| 毛利率 | — | 60.1% |
| 营业利润率 | 0.1% | 23.8% |
| 净利率 | 0.1% | 17.9% |
| 营收同比 | 14.5% | 6.8% |
| 净利润同比 | 20.7% | 12.9% |
| 每股收益（稀释后） | — | $1.02 |
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CMEVLTO
| Q1 26 | $1.9B | $1.4B | ||
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.5B | $1.3B |
净利润CMEVLTO
| Q1 26 | $1.2M | $254.0M | ||
| Q4 25 | $1.2B | $239.0M | ||
| Q3 25 | $908.0M | $222.0M | ||
| Q2 25 | $1.0B | $225.0M | ||
| Q1 25 | $956.2M | — | ||
| Q4 24 | $874.6M | $227.0M | ||
| Q3 24 | $912.8M | $219.0M | ||
| Q2 24 | $883.2M | $203.0M |
毛利率CMEVLTO
| Q1 26 | — | 60.1% | ||
| Q4 25 | — | 60.1% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 60.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 59.6% | ||
| Q3 24 | — | 59.6% | ||
| Q2 24 | — | 60.1% |
营业利润率CMEVLTO
| Q1 26 | 0.1% | 23.8% | ||
| Q4 25 | 61.8% | 23.2% | ||
| Q3 25 | 63.3% | 22.8% | ||
| Q2 25 | 66.7% | 24.2% | ||
| Q1 25 | 67.5% | — | ||
| Q4 24 | 62.1% | 22.9% | ||
| Q3 24 | 64.6% | 23.4% | ||
| Q2 24 | 65.3% | 23.2% |
净利率CMEVLTO
| Q1 26 | 0.1% | 17.9% | ||
| Q4 25 | 71.7% | 17.0% | ||
| Q3 25 | 59.1% | 16.2% | ||
| Q2 25 | 60.6% | 16.9% | ||
| Q1 25 | 58.2% | — | ||
| Q4 24 | 57.3% | 16.9% | ||
| Q3 24 | 57.6% | 16.7% | ||
| Q2 24 | 57.6% | 15.8% |
每股收益（稀释后）CMEVLTO
| Q1 26 | — | $1.02 | ||
| Q4 25 | $3.24 | $0.95 | ||
| Q3 25 | $2.49 | $0.89 | ||
| Q2 25 | $2.81 | $0.90 | ||
| Q1 25 | $2.62 | — | ||
| Q4 24 | $2.40 | $0.91 | ||
| Q3 24 | $2.50 | $0.88 | ||
| Q2 24 | $2.42 | $0.81 |
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 | — | — |
| 总资产 | $202.0B | — |
| 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CMEVLTO
| Q1 26 | $2.4B | — | ||
| Q4 25 | $4.5B | $1.8B | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $3.0B | $1.1B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $1.9B | $1.0B |
总债务CMEVLTO
| Q1 26 | $3.4B | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B |
股东权益CMEVLTO
| Q1 26 | — | — | ||
| Q4 25 | $28.7B | $2.8B | ||
| Q3 25 | $28.2B | $2.7B | ||
| Q2 25 | $27.7B | $2.3B | ||
| Q1 25 | $27.0B | — | ||
| Q4 24 | $26.5B | $2.0B | ||
| Q3 24 | $28.2B | $2.0B | ||
| Q2 24 | $27.6B | $1.7B |
总资产CMEVLTO
| Q1 26 | $202.0B | — | ||
| Q4 25 | $198.4B | $7.4B | ||
| Q3 25 | $187.1B | $7.2B | ||
| Q2 25 | $179.9B | $6.6B | ||
| Q1 25 | $157.8B | — | ||
| Q4 24 | $137.4B | $6.4B | ||
| Q3 24 | $137.8B | $6.3B | ||
| Q2 24 | $123.4B | $5.9B |
负债/权益比CMEVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 1.57× |
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 | — | $182.0M |
| 自由现金流经营现金流 - 资本支出 | — | $170.0M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | — | 0.72× |
| 过去12个月自由现金流最近4个季度 | — | $893.0M |
8季度趋势，按日历期对齐
经营现金流CMEVLTO
| Q1 26 | — | $182.0M | ||
| Q4 25 | $1.1B | $270.0M | ||
| Q3 25 | $968.1M | $339.0M | ||
| Q2 25 | $1.1B | $157.0M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.0B | $285.0M | ||
| Q3 24 | $1.0B | $224.0M | ||
| Q2 24 | $776.9M | $251.0M |
自由现金流CMEVLTO
| Q1 26 | — | $170.0M | ||
| Q4 25 | $1.1B | $258.0M | ||
| Q3 25 | $949.7M | $323.0M | ||
| Q2 25 | $1.0B | $142.0M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $991.7M | $263.0M | ||
| Q3 24 | $973.2M | $215.0M | ||
| Q2 24 | $758.7M | $240.0M |
自由现金流率CMEVLTO
| Q1 26 | — | 12.0% | ||
| Q4 25 | 66.8% | 18.4% | ||
| Q3 25 | 61.8% | 23.6% | ||
| Q2 25 | 61.5% | 10.7% | ||
| Q1 25 | 67.1% | — | ||
| Q4 24 | 65.0% | 19.6% | ||
| Q3 24 | 61.4% | 16.4% | ||
| Q2 24 | 49.5% | 18.6% |
资本支出强度CMEVLTO
| Q1 26 | — | 0.8% | ||
| Q4 25 | 2.0% | 0.9% | ||
| Q3 25 | 1.2% | 1.2% | ||
| Q2 25 | 1.1% | 1.1% | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 1.7% | 1.6% | ||
| Q3 24 | 1.9% | 0.7% | ||
| Q2 24 | 1.2% | 0.9% |
现金转化率CMEVLTO
| Q1 26 | — | 0.72× | ||
| Q4 25 | 0.96× | 1.13× | ||
| Q3 25 | 1.07× | 1.53× | ||
| Q2 25 | 1.03× | 0.70× | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 1.16× | 1.26× | ||
| Q3 24 | 1.10× | 1.02× | ||
| Q2 24 | 0.88× | 1.24× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
