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COMPASS MINERALS INTERNATIONAL INC（CMP）与CALIFORNIA WATER SERVICE GROUP（CWT）财务数据对比。点击上方公司名可切换其他公司
COMPASS MINERALS INTERNATIONAL INC的季度营收约是CALIFORNIA WATER SERVICE GROUP的1.9倍（$396.1M vs $210.7M），CALIFORNIA WATER SERVICE GROUP净利率更高（5.4% vs 4.7%，领先0.8%），COMPASS MINERALS INTERNATIONAL INC同比增速更快（28.9% vs -3.3%），过去两年CALIFORNIA WATER SERVICE GROUP的营收复合增速更高（16.6% vs 4.3%）
指南针矿产国际是一家美国上市矿产企业，总部位于堪萨斯州欧弗兰帕克，是盐、氯化镁和硫酸钾等产品的领先生产商。公司面向北美和英国客户供应经处理与未经处理的散装道路除冰盐，同时向全球种植者提供植物营养产品，此外也生产民用除冰、水质调节产品及相关商用产品。
加利福尼亚水务集团是美国公共事业企业，主营饮用水及污水处理服务，是美国第三大上市投资者所有水务公司，通过加利福尼亚、夏威夷、新墨西哥、华盛顿等州的子公司，为约200万民众提供服务。集团成立于1997年，作为加州水务的控股主体，推动业务向美国其他各州拓展。
CMP vs CWT — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $396.1M | $210.7M |
| 净利润 | $18.6M | $11.5M |
| 毛利率 | 16.0% | — |
| 营业利润率 | 9.2% | 12.2% |
| 净利率 | 4.7% | 5.4% |
| 营收同比 | 28.9% | -3.3% |
| 净利润同比 | 178.8% | -41.0% |
| 每股收益（稀释后） | $0.43 | $0.19 |
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
| Q4 25 | $396.1M | $210.7M | ||
| Q3 25 | $227.5M | $314.1M | ||
| Q2 25 | $214.6M | $256.2M | ||
| Q1 25 | $494.6M | $182.7M | ||
| Q4 24 | $307.2M | $217.8M | ||
| Q3 24 | $208.8M | $306.2M | ||
| Q2 24 | $202.9M | $226.7M | ||
| Q1 24 | $364.0M | $154.9M |
| Q4 25 | $18.6M | $11.5M | ||
| Q3 25 | $-7.2M | $61.2M | ||
| Q2 25 | $-17.0M | $42.2M | ||
| Q1 25 | $-32.0M | $13.3M | ||
| Q4 24 | $-23.6M | $19.5M | ||
| Q3 24 | $-48.3M | $60.7M | ||
| Q2 24 | $-43.6M | $40.6M | ||
| Q1 24 | $-38.9M | $69.9M |
| Q4 25 | 16.0% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 19.2% | — | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 9.3% | — | ||
| Q2 24 | 16.1% | — | ||
| Q1 24 | 19.7% | — |
| Q4 25 | 9.2% | 12.2% | ||
| Q3 25 | 5.3% | 22.5% | ||
| Q2 25 | 7.4% | 20.2% | ||
| Q1 25 | -0.6% | 12.2% | ||
| Q4 24 | 0.2% | 14.8% | ||
| Q3 24 | -14.3% | 21.8% | ||
| Q2 24 | 2.9% | 21.2% | ||
| Q1 24 | -10.8% | 50.3% |
| Q4 25 | 4.7% | 5.4% | ||
| Q3 25 | -3.2% | 19.5% | ||
| Q2 25 | -7.9% | 16.5% | ||
| Q1 25 | -6.5% | 7.3% | ||
| Q4 24 | -7.7% | 8.9% | ||
| Q3 24 | -23.1% | 19.8% | ||
| Q2 24 | -21.5% | 17.9% | ||
| Q1 24 | -10.7% | 45.1% |
| Q4 25 | $0.43 | $0.19 | ||
| Q3 25 | — | $1.03 | ||
| Q2 25 | $-0.41 | $0.71 | ||
| Q1 25 | $-0.77 | $0.22 | ||
| Q4 24 | $-0.57 | $0.31 | ||
| Q3 24 | $-1.17 | $1.03 | ||
| Q2 24 | $-1.05 | $0.70 | ||
| Q1 24 | $-0.94 | $1.21 |
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 | $46.7M | $51.8M |
| 总债务越低越好 | $890.0M | $1.5B |
| 股东权益账面价值 | $260.5M | $1.7B |
| 总资产 | $1.5B | $5.7B |
| 负债/权益比越低杠杆越低 | 3.42× | 0.87× |
8季度趋势，按日历期对齐
| Q4 25 | $46.7M | $51.8M | ||
| Q3 25 | $59.7M | $76.0M | ||
| Q2 25 | $79.4M | $50.5M | ||
| Q1 25 | $49.5M | $44.5M | ||
| Q4 24 | $45.8M | $50.1M | ||
| Q3 24 | $20.2M | $59.6M | ||
| Q2 24 | $12.8M | $37.3M | ||
| Q1 24 | $38.3M | $42.8M |
| Q4 25 | $890.0M | $1.5B | ||
| Q3 25 | $839.8M | $1.1B | ||
| Q2 25 | $833.4M | $1.1B | ||
| Q1 25 | $807.6M | $1.1B | ||
| Q4 24 | $974.4M | $1.1B | ||
| Q3 24 | $921.2M | — | ||
| Q2 24 | $875.1M | — | ||
| Q1 24 | $877.2M | — |
| Q4 25 | $260.5M | $1.7B | ||
| Q3 25 | $234.1M | $1.7B | ||
| Q2 25 | $249.8M | $1.7B | ||
| Q1 25 | $236.5M | $1.6B | ||
| Q4 24 | $263.0M | $1.6B | ||
| Q3 24 | $316.6M | $1.6B | ||
| Q2 24 | $352.1M | $1.5B | ||
| Q1 24 | $400.4M | $1.5B |
| Q4 25 | $1.5B | $5.7B | ||
| Q3 25 | $1.5B | $5.5B | ||
| Q2 25 | $1.5B | $5.4B | ||
| Q1 25 | $1.5B | $5.3B | ||
| Q4 24 | $1.7B | $5.2B | ||
| Q3 24 | $1.6B | $5.0B | ||
| Q2 24 | $1.6B | $4.9B | ||
| Q1 24 | $1.7B | $4.8B |
| Q4 25 | 3.42× | 0.87× | ||
| Q3 25 | 3.59× | 0.65× | ||
| Q2 25 | 3.34× | 0.67× | ||
| Q1 25 | 3.41× | 0.68× | ||
| Q4 24 | 3.70× | 0.67× | ||
| Q3 24 | 2.91× | — | ||
| Q2 24 | 2.49× | — | ||
| Q1 24 | 2.19× | — |
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 | $-37.0M | $47.9M |
| 自由现金流经营现金流 - 资本支出 | $-59.8M | — |
| 自由现金流率自由现金流/营收 | -15.1% | — |
| 资本支出强度资本支出/营收 | 5.8% | — |
| 现金转化率经营现金流/净利润 | -1.99× | 4.17× |
| 过去12个月自由现金流最近4个季度 | $94.1M | — |
8季度趋势，按日历期对齐
| Q4 25 | $-37.0M | $47.9M | ||
| Q3 25 | $-6.9M | $167.3M | ||
| Q2 25 | $21.8M | $48.9M | ||
| Q1 25 | $186.9M | $38.4M | ||
| Q4 24 | $-4.1M | $68.1M | ||
| Q3 24 | $-12.7M | $101.8M | ||
| Q2 24 | $-6.8M | $94.4M | ||
| Q1 24 | $86.2M | $26.5M |
| Q4 25 | $-59.8M | — | ||
| Q3 25 | $-22.8M | — | ||
| Q2 25 | $3.8M | — | ||
| Q1 25 | $172.9M | — | ||
| Q4 24 | $-25.9M | — | ||
| Q3 24 | $-33.6M | — | ||
| Q2 24 | $-21.5M | — | ||
| Q1 24 | $56.2M | — |
| Q4 25 | -15.1% | — | ||
| Q3 25 | -10.0% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 35.0% | — | ||
| Q4 24 | -8.4% | — | ||
| Q3 24 | -16.1% | — | ||
| Q2 24 | -10.6% | — | ||
| Q1 24 | 15.4% | — |
| Q4 25 | 5.8% | — | ||
| Q3 25 | 7.0% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 7.1% | — | ||
| Q3 24 | 10.0% | — | ||
| Q2 24 | 7.2% | — | ||
| Q1 24 | 8.2% | — |
| Q4 25 | -1.99× | 4.17× | ||
| Q3 25 | — | 2.73× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 2.88× | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.68× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | — | 0.38× |
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
CMP
| Highway Deicing Salt | $210.8M | 53% |
| Consumer Industrial Salt | $120.7M | 30% |
| Plant Nutrition | $60.8M | 15% |
| Transferred Over Time | $2.8M | 1% |
| Other | $1.0M | 0% |
CWT
| Residential | $133.2M | 63% |
| Business | $47.7M | 23% |
| Public Authorities | $13.4M | 6% |
| Industrial | $6.9M | 3% |
| Non Regulated Services | $4.8M | 2% |
| Other Non Regulated Service | $1.2M | 1% |
