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康明斯（CMI）与纽蒙特（NEM）财务数据对比。点击上方公司名可切换其他公司
康明斯的季度营收约是纽蒙特的1.2倍（$8.5B vs $7.3B），纽蒙特净利率更高（26.0% vs 7.3%，领先18.8%），康明斯同比增速更快（1.1% vs -31.4%），纽蒙特自由现金流更多（$1.2B vs $990.0M），过去两年纽蒙特的营收复合增速更高（28.8% vs 0.8%）
康明斯是总部位于美国的跨国企业，专注于设计、制造及销售柴油发动机、电动汽车零部件、发电产品，同时提供发动机及相关配套设备的维保服务，业务覆盖燃油系统、空气处理系统、过滤设备、排放控制、发电系统及发动机控制单元等多个领域。
纽蒙特公司是总部位于美国科罗拉多州丹佛市的金矿企业，为全球规模最大的金矿开采集团。公司成立于1921年，在全球十余个国家持有金矿资产，还与巴里克矿业共同持有内华达金矿的部分股权，除黄金外也开采铜、银、锌、铅等多种金属。
CMI vs NEM — 直观对比
营收规模更大
CMI
是对方的1.2倍
$7.3B
营收增速更快
CMI
高出32.5%
-31.4%
净利率更高
NEM
高出18.8%
7.3%
自由现金流更多
NEM
多$215.0M
$990.0M
两年增速更快
NEM
近两年复合增速
0.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.5B | $7.3B |
| 净利润 | $620.0M | $1.9B |
| 毛利率 | 22.9% | — |
| 营业利润率 | 9.5% | — |
| 净利率 | 7.3% | 26.0% |
| 营收同比 | 1.1% | -31.4% |
| 净利润同比 | 39.3% | -8.3% |
| 每股收益（稀释后） | $4.25 | $1.68 |
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CMINEM
| Q1 26 | — | $7.3B | ||
| Q4 25 | $8.5B | $6.8B | ||
| Q3 25 | $8.3B | $5.5B | ||
| Q2 25 | $8.6B | $5.3B | ||
| Q1 25 | $8.2B | $5.0B | ||
| Q4 24 | $8.4B | $5.7B | ||
| Q3 24 | $8.5B | $4.6B | ||
| Q2 24 | $8.8B | $4.4B |
净利润CMINEM
| Q1 26 | — | $1.9B | ||
| Q4 25 | $620.0M | $1.3B | ||
| Q3 25 | $559.0M | $1.8B | ||
| Q2 25 | $928.0M | $2.1B | ||
| Q1 25 | $850.0M | $1.9B | ||
| Q4 24 | $445.0M | $1.4B | ||
| Q3 24 | $843.0M | $922.0M | ||
| Q2 24 | $752.0M | $853.0M |
毛利率CMINEM
| Q1 26 | — | — | ||
| Q4 25 | 22.9% | — | ||
| Q3 25 | 25.6% | — | ||
| Q2 25 | 26.4% | — | ||
| Q1 25 | 26.4% | — | ||
| Q4 24 | 24.1% | — | ||
| Q3 24 | 25.7% | — | ||
| Q2 24 | 24.9% | — |
营业利润率CMINEM
| Q1 26 | — | — | ||
| Q4 25 | 9.5% | 47.6% | ||
| Q3 25 | 10.2% | 45.4% | ||
| Q2 25 | 14.2% | 58.6% | ||
| Q1 25 | 13.9% | 49.3% | ||
| Q4 24 | 8.7% | 36.3% | ||
| Q3 24 | 12.4% | 23.0% | ||
| Q2 24 | 11.9% | 23.5% |
净利率CMINEM
| Q1 26 | — | 26.0% | ||
| Q4 25 | 7.3% | 19.1% | ||
| Q3 25 | 6.7% | 33.2% | ||
| Q2 25 | 10.7% | 38.8% | ||
| Q1 25 | 10.4% | 37.7% | ||
| Q4 24 | 5.3% | 24.8% | ||
| Q3 24 | 10.0% | 20.0% | ||
| Q2 24 | 8.5% | 19.4% |
每股收益（稀释后）CMINEM
| Q1 26 | — | $1.68 | ||
| Q4 25 | $4.25 | $1.19 | ||
| Q3 25 | $3.86 | $1.67 | ||
| Q2 25 | $6.43 | $1.85 | ||
| Q1 25 | $5.96 | $1.68 | ||
| Q4 24 | $3.22 | $1.23 | ||
| Q3 24 | $5.86 | $0.80 | ||
| Q2 24 | $5.26 | $0.74 |
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 | $4.4B | $4.7B |
| 总债务越低越好 | $6.8B | — |
| 股东权益账面价值 | $12.3B | $31.4B |
| 总资产 | $34.0B | $55.5B |
| 负债/权益比越低杠杆越低 | 0.55× | — |
8季度趋势，按日历期对齐
现金及短期投资CMINEM
| Q1 26 | — | $4.7B | ||
| Q4 25 | $4.4B | $8.2B | ||
| Q3 25 | $3.2B | $6.0B | ||
| Q2 25 | $3.1B | $6.7B | ||
| Q1 25 | $2.2B | $4.7B | ||
| Q4 24 | $2.3B | $3.6B | ||
| Q3 24 | $2.3B | $3.1B | ||
| Q2 24 | $2.2B | $2.7B |
总债务CMINEM
| Q1 26 | — | — | ||
| Q4 25 | $6.8B | $5.1B | ||
| Q3 25 | $6.8B | $5.2B | ||
| Q2 25 | $6.8B | $7.1B | ||
| Q1 25 | $4.8B | $7.5B | ||
| Q4 24 | $4.8B | $8.5B | ||
| Q3 24 | $4.9B | $8.6B | ||
| Q2 24 | $5.4B | $8.7B |
股东权益CMINEM
| Q1 26 | — | $31.4B | ||
| Q4 25 | $12.3B | $33.9B | ||
| Q3 25 | $12.1B | $33.2B | ||
| Q2 25 | $11.8B | $32.1B | ||
| Q1 25 | $10.9B | $31.2B | ||
| Q4 24 | $10.3B | $29.9B | ||
| Q3 24 | $10.3B | $29.7B | ||
| Q2 24 | $9.6B | $29.4B |
总资产CMINEM
| Q1 26 | — | $55.5B | ||
| Q4 25 | $34.0B | $57.1B | ||
| Q3 25 | $33.6B | $54.7B | ||
| Q2 25 | $34.3B | $55.2B | ||
| Q1 25 | $32.5B | $55.5B | ||
| Q4 24 | $31.5B | $56.3B | ||
| Q3 24 | $32.1B | $56.2B | ||
| Q2 24 | $31.3B | $55.7B |
负债/权益比CMINEM
| Q1 26 | — | — | ||
| Q4 25 | 0.55× | 0.15× | ||
| Q3 25 | 0.57× | 0.16× | ||
| Q2 25 | 0.58× | 0.22× | ||
| Q1 25 | 0.44× | 0.24× | ||
| Q4 24 | 0.47× | 0.28× | ||
| Q3 24 | 0.47× | 0.29× | ||
| Q2 24 | 0.57× | 0.30× |
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 | $1.5B | — |
| 自由现金流经营现金流 - 资本支出 | $990.0M | $1.2B |
| 自由现金流率自由现金流/营收 | 11.6% | 16.5% |
| 资本支出强度资本支出/营收 | 6.4% | 11.3% |
| 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 | $2.4B | $7.3B |
8季度趋势，按日历期对齐
经营现金流CMINEM
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $3.6B | ||
| Q3 25 | $1.3B | $2.3B | ||
| Q2 25 | $785.0M | $2.4B | ||
| Q1 25 | $-3.0M | $2.0B | ||
| Q4 24 | $1.4B | $2.5B | ||
| Q3 24 | $640.0M | $1.6B | ||
| Q2 24 | $-851.0M | $1.4B |
自由现金流CMINEM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $990.0M | $2.8B | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $554.0M | $1.7B | ||
| Q1 25 | $-165.0M | $1.2B | ||
| Q4 24 | $882.0M | $1.6B | ||
| Q3 24 | $381.0M | $771.0M | ||
| Q2 24 | $-1.1B | $628.0M |
自由现金流率CMINEM
| Q1 26 | — | 16.5% | ||
| Q4 25 | 11.6% | 41.3% | ||
| Q3 25 | 12.1% | 28.4% | ||
| Q2 25 | 6.4% | 32.2% | ||
| Q1 25 | -2.0% | 24.1% | ||
| Q4 24 | 10.4% | 28.9% | ||
| Q3 24 | 4.5% | 16.7% | ||
| Q2 24 | -12.4% | 14.3% |
资本支出强度CMINEM
| Q1 26 | — | 11.3% | ||
| Q4 25 | 6.4% | 11.9% | ||
| Q3 25 | 3.6% | 13.2% | ||
| Q2 25 | 2.7% | 12.7% | ||
| Q1 25 | 2.0% | 16.5% | ||
| Q4 24 | 6.4% | 15.5% | ||
| Q3 24 | 3.1% | 19.0% | ||
| Q2 24 | 2.7% | 18.2% |
现金转化率CMINEM
| Q1 26 | — | — | ||
| Q4 25 | 2.47× | 2.78× | ||
| Q3 25 | 2.33× | 1.25× | ||
| Q2 25 | 0.85× | 1.16× | ||
| Q1 25 | -0.00× | 1.07× | ||
| Q4 24 | 3.20× | 1.79× | ||
| Q3 24 | 0.76× | 1.79× | ||
| Q2 24 | -1.13× | 1.67× |
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
CMI
| Other | $2.9B | 34% |
| Parts | $1.0B | 12% |
| Mediumdutytruckandbus | $638.0M | 7% |
| Heavydutytruck | $623.0M | 7% |
| Intersegmentsales | $620.0M | 7% |
| PSBU Power Generation | $577.0M | 7% |
| Related Party | $469.0M | 5% |
| Services | $449.0M | 5% |
| Lightdutyautomotive | $440.0M | 5% |
| Industrial | $333.0M | 4% |
| Offhighway | $279.0M | 3% |
| Generatortechnologies | $152.0M | 2% |
NEM
| Consolidated gold sales, net | $6.0B | 83% |
| Other | $506.0M | 7% |
| Consolidated copper sales, net | $354.0M | 5% |
| Consolidated silver sales, net | $188.0M | 3% |
| Consolidated zinc sales, net | $181.0M | 2% |
| Consolidated lead sales, net | $42.0M | 1% |
