vs
芝商所（CME）与维谛技术（VRT）财务数据对比。点击上方公司名可切换其他公司
维谛技术的季度营收约是芝商所的1.4倍（$2.6B vs $1.9B），维谛技术净利率更高（14.7% vs 0.1%，领先14.7%），维谛技术同比增速更快（30.1% vs 14.5%），过去两年维谛技术的营收复合增速更高（16.5% vs 10.8%）
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。
维谛技术（Vertiv）是一家美国跨国企业，专注于为数据中心、通信网络、商业及工业场景提供关键基础设施及配套服务，旗下方案可有效保障各行业客户关键业务系统的稳定高效运行。
CME vs VRT — 直观对比
营收规模更大
VRT
是对方的1.4倍
$1.9B
营收增速更快
VRT
高出15.7%
14.5%
净利率更高
VRT
高出14.7%
0.1%
两年增速更快
VRT
近两年复合增速
10.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.6B |
| 净利润 | $1.2M | $390.1M |
| 毛利率 | — | 37.7% |
| 营业利润率 | 0.1% | — |
| 净利率 | 0.1% | 14.7% |
| 营收同比 | 14.5% | 30.1% |
| 净利润同比 | 20.7% | 137.1% |
| 每股收益（稀释后） | — | $0.99 |
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CMEVRT
| Q1 26 | $1.9B | $2.6B | ||
| Q4 25 | $1.6B | $2.9B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.6B | $2.0B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.5B | $2.0B |
净利润CMEVRT
| Q1 26 | $1.2M | $390.1M | ||
| Q4 25 | $1.2B | $445.6M | ||
| Q3 25 | $908.0M | $398.5M | ||
| Q2 25 | $1.0B | $324.2M | ||
| Q1 25 | $956.2M | $164.5M | ||
| Q4 24 | $874.6M | $147.0M | ||
| Q3 24 | $912.8M | $176.6M | ||
| Q2 24 | $883.2M | $178.1M |
毛利率CMEVRT
| Q1 26 | — | 37.7% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 37.8% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 33.7% | ||
| Q4 24 | — | 37.1% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 38.0% |
营业利润率CMEVRT
| Q1 26 | 0.1% | — | ||
| Q4 25 | 61.8% | 20.1% | ||
| Q3 25 | 63.3% | 19.3% | ||
| Q2 25 | 66.7% | 16.8% | ||
| Q1 25 | 67.5% | 14.3% | ||
| Q4 24 | 62.1% | 19.5% | ||
| Q3 24 | 64.6% | 17.9% | ||
| Q2 24 | 65.3% | 17.2% |
净利率CMEVRT
| Q1 26 | 0.1% | 14.7% | ||
| Q4 25 | 71.7% | 15.5% | ||
| Q3 25 | 59.1% | 14.9% | ||
| Q2 25 | 60.6% | 12.3% | ||
| Q1 25 | 58.2% | 8.1% | ||
| Q4 24 | 57.3% | 6.3% | ||
| Q3 24 | 57.6% | 8.5% | ||
| Q2 24 | 57.6% | 9.1% |
每股收益（稀释后）CMEVRT
| Q1 26 | — | $0.99 | ||
| Q4 25 | $3.24 | $1.14 | ||
| Q3 25 | $2.49 | $1.02 | ||
| Q2 25 | $2.81 | $0.83 | ||
| Q1 25 | $2.62 | $0.42 | ||
| Q4 24 | $2.40 | $0.38 | ||
| Q3 24 | $2.50 | $0.46 | ||
| Q2 24 | $2.42 | $0.46 |
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 | $2.5B |
| 总债务越低越好 | $3.4B | $0 |
| 股东权益账面价值 | — | $4.2B |
| 总资产 | $202.0B | $13.4B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CMEVRT
| Q1 26 | $2.4B | $2.5B | ||
| Q4 25 | $4.5B | $1.7B | ||
| Q3 25 | $2.6B | $1.4B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $2.4B | $908.7M | ||
| Q2 24 | $1.9B | $579.7M |
总债务CMEVRT
| Q1 26 | $3.4B | $0 | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B |
股东权益CMEVRT
| Q1 26 | — | $4.2B | ||
| Q4 25 | $28.7B | $3.9B | ||
| Q3 25 | $28.2B | $3.5B | ||
| Q2 25 | $27.7B | $3.1B | ||
| Q1 25 | $27.0B | $2.7B | ||
| Q4 24 | $26.5B | $2.4B | ||
| Q3 24 | $28.2B | $1.8B | ||
| Q2 24 | $27.6B | $1.5B |
总资产CMEVRT
| Q1 26 | $202.0B | $13.4B | ||
| Q4 25 | $198.4B | $12.2B | ||
| Q3 25 | $187.1B | $10.8B | ||
| Q2 25 | $179.9B | $10.4B | ||
| Q1 25 | $157.8B | $9.5B | ||
| Q4 24 | $137.4B | $9.1B | ||
| Q3 24 | $137.8B | $8.9B | ||
| Q2 24 | $123.4B | $8.1B |
负债/权益比CMEVRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.91× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $652.8M |
| 自由现金流率自由现金流/营收 | — | 24.6% |
| 资本支出强度资本支出/营收 | — | 4.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $2.3B |
8季度趋势，按日历期对齐
经营现金流CMEVRT
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $978.9M | ||
| Q3 25 | $968.1M | $508.7M | ||
| Q2 25 | $1.1B | $322.9M | ||
| Q1 25 | $1.1B | $303.3M | ||
| Q4 24 | $1.0B | $425.2M | ||
| Q3 24 | $1.0B | $378.2M | ||
| Q2 24 | $776.9M | $378.4M |
自由现金流CMEVRT
| Q1 26 | — | $652.8M | ||
| Q4 25 | $1.1B | $885.6M | ||
| Q3 25 | $949.7M | $463.5M | ||
| Q2 25 | $1.0B | $277.9M | ||
| Q1 25 | $1.1B | $266.8M | ||
| Q4 24 | $991.7M | $364.5M | ||
| Q3 24 | $973.2M | $341.8M | ||
| Q2 24 | $758.7M | $344.3M |
自由现金流率CMEVRT
| Q1 26 | — | 24.6% | ||
| Q4 25 | 66.8% | 30.8% | ||
| Q3 25 | 61.8% | 17.3% | ||
| Q2 25 | 61.5% | 10.5% | ||
| Q1 25 | 67.1% | 13.1% | ||
| Q4 24 | 65.0% | 15.5% | ||
| Q3 24 | 61.4% | 16.5% | ||
| Q2 24 | 49.5% | 17.6% |
资本支出强度CMEVRT
| Q1 26 | — | 4.2% | ||
| Q4 25 | 2.0% | 3.2% | ||
| Q3 25 | 1.2% | 1.7% | ||
| Q2 25 | 1.1% | 1.7% | ||
| Q1 25 | 0.9% | 1.8% | ||
| Q4 24 | 1.7% | 2.6% | ||
| Q3 24 | 1.9% | 1.8% | ||
| Q2 24 | 1.2% | 1.7% |
现金转化率CMEVRT
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 2.20× | ||
| Q3 25 | 1.07× | 1.28× | ||
| Q2 25 | 1.03× | 1.00× | ||
| Q1 25 | 1.17× | 1.84× | ||
| Q4 24 | 1.16× | 2.89× | ||
| Q3 24 | 1.10× | 2.14× | ||
| Q2 24 | 0.88× | 2.12× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
