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COMPASS MINERALS INTERNATIONAL INC（CMP）与eHealth, Inc.（EHTH）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eHealth, Inc.的1.2倍（$396.1M vs $326.2M），eHealth, Inc.净利率更高（26.7% vs 4.7%，领先22.0%），COMPASS MINERALS INTERNATIONAL INC同比增速更快（28.9% vs 3.5%），eHealth, Inc.自由现金流更多（$-36.1M vs $-59.8M），过去两年eHealth, Inc.的营收复合增速更高（87.3% 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。
eHealth, Inc.以eHealthInsurance品牌开展业务，是一家公开上市的健康保险在线交易平台，公司注册于特拉华州，总部位于加利福尼亚州圣克拉拉。该平台主要提供医疗保险相关计划，涵盖联邦医疗保险处方药计划、联邦医疗保险补充计划、优势计划等产品，同时也售卖个人健康保险产品，业务覆盖美国全部50个州及华盛顿特区。
CMP vs EHTH — 直观对比
营收规模更大
CMP
是对方的1.2倍
$326.2M
营收增速更快
CMP
高出25.4%
3.5%
净利率更高
EHTH
高出22.0%
4.7%
自由现金流更多
EHTH
多$23.7M
$-59.8M
两年增速更快
EHTH
近两年复合增速
4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $396.1M | $326.2M |
| 净利润 | $18.6M | $87.2M |
| 毛利率 | 16.0% | 55.3% |
| 营业利润率 | 9.2% | 38.7% |
| 净利率 | 4.7% | 26.7% |
| 营收同比 | 28.9% | 3.5% |
| 净利润同比 | 178.8% | -10.6% |
| 每股收益（稀释后） | $0.43 | $2.43 |
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CMPEHTH
| Q4 25 | $396.1M | $326.2M | ||
| Q3 25 | $227.5M | $53.9M | ||
| Q2 25 | $214.6M | $60.8M | ||
| Q1 25 | $494.6M | $113.1M | ||
| Q4 24 | $307.2M | $315.2M | ||
| Q3 24 | $208.8M | $58.4M | ||
| Q2 24 | $202.9M | $65.9M | ||
| Q1 24 | $364.0M | $93.0M |
净利润CMPEHTH
| Q4 25 | $18.6M | $87.2M | ||
| Q3 25 | $-7.2M | $-31.7M | ||
| Q2 25 | $-17.0M | $-17.4M | ||
| Q1 25 | $-32.0M | $1.9M | ||
| Q4 24 | $-23.6M | $97.5M | ||
| Q3 24 | $-48.3M | $-42.5M | ||
| Q2 24 | $-43.6M | $-28.0M | ||
| Q1 24 | $-38.9M | $-17.0M |
毛利率CMPEHTH
| Q4 25 | 16.0% | 55.3% | ||
| Q3 25 | 16.9% | -0.3% | ||
| Q2 25 | 19.2% | 31.1% | ||
| Q1 25 | 15.5% | 36.9% | ||
| Q4 24 | 11.2% | 52.0% | ||
| Q3 24 | 9.3% | -6.5% | ||
| Q2 24 | 16.1% | 28.7% | ||
| Q1 24 | 19.7% | 31.7% |
营业利润率CMPEHTH
| Q4 25 | 9.2% | 38.7% | ||
| Q3 25 | 5.3% | -77.1% | ||
| Q2 25 | 7.4% | -37.9% | ||
| Q1 25 | -0.6% | 4.2% | ||
| Q4 24 | 0.2% | 35.7% | ||
| Q3 24 | -14.3% | -74.0% | ||
| Q2 24 | 2.9% | -42.5% | ||
| Q1 24 | -10.8% | -19.3% |
净利率CMPEHTH
| Q4 25 | 4.7% | 26.7% | ||
| Q3 25 | -3.2% | -58.8% | ||
| Q2 25 | -7.9% | -28.6% | ||
| Q1 25 | -6.5% | 1.7% | ||
| Q4 24 | -7.7% | 30.9% | ||
| Q3 24 | -23.1% | -72.7% | ||
| Q2 24 | -21.5% | -42.5% | ||
| Q1 24 | -10.7% | -18.3% |
每股收益（稀释后）CMPEHTH
| Q4 25 | $0.43 | $2.43 | ||
| Q3 25 | — | $-1.46 | ||
| Q2 25 | $-0.41 | $-0.98 | ||
| Q1 25 | $-0.77 | $-0.33 | ||
| Q4 24 | $-0.57 | $2.93 | ||
| Q3 24 | $-1.17 | $-1.83 | ||
| Q2 24 | $-1.05 | $-1.33 | ||
| Q1 24 | $-0.94 | $-0.96 |
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 | $73.7M |
| 总债务越低越好 | $890.0M | — |
| 股东权益账面价值 | $260.5M | $591.6M |
| 总资产 | $1.5B | $1.3B |
| 负债/权益比越低杠杆越低 | 3.42× | — |
8季度趋势，按日历期对齐
现金及短期投资CMPEHTH
| Q4 25 | $46.7M | $73.7M | ||
| Q3 25 | $59.7M | $63.1M | ||
| Q2 25 | $79.4M | $65.9M | ||
| Q1 25 | $49.5M | $121.1M | ||
| Q4 24 | $45.8M | $39.2M | ||
| Q3 24 | $20.2M | $64.0M | ||
| Q2 24 | $12.8M | $126.3M | ||
| Q1 24 | $38.3M | $175.0M |
总债务CMPEHTH
| Q4 25 | $890.0M | — | ||
| Q3 25 | $839.8M | — | ||
| Q2 25 | $833.4M | — | ||
| Q1 25 | $807.6M | — | ||
| Q4 24 | $974.4M | — | ||
| Q3 24 | $921.2M | — | ||
| Q2 24 | $875.1M | — | ||
| Q1 24 | $877.2M | — |
股东权益CMPEHTH
| Q4 25 | $260.5M | $591.6M | ||
| Q3 25 | $234.1M | $514.2M | ||
| Q2 25 | $249.8M | $554.9M | ||
| Q1 25 | $236.5M | $581.6M | ||
| Q4 24 | $263.0M | $588.4M | ||
| Q3 24 | $316.6M | $499.3M | ||
| Q2 24 | $352.1M | $548.9M | ||
| Q1 24 | $400.4M | $582.8M |
总资产CMPEHTH
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.6B | $1.0B | ||
| Q2 24 | $1.6B | $1.0B | ||
| Q1 24 | $1.7B | $1.1B |
负债/权益比CMPEHTH
| Q4 25 | 3.42× | — | ||
| Q3 25 | 3.59× | — | ||
| Q2 25 | 3.34× | — | ||
| Q1 25 | 3.41× | — | ||
| Q4 24 | 3.70× | — | ||
| 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 | $-35.9M |
| 自由现金流经营现金流 - 资本支出 | $-59.8M | $-36.1M |
| 自由现金流率自由现金流/营收 | -15.1% | -11.1% |
| 资本支出强度资本支出/营收 | 5.8% | 0.0% |
| 现金转化率经营现金流/净利润 | -1.99× | -0.41× |
| 过去12个月自由现金流最近4个季度 | $94.1M | $-27.6M |
8季度趋势，按日历期对齐
经营现金流CMPEHTH
| Q4 25 | $-37.0M | $-35.9M | ||
| Q3 25 | $-6.9M | $-25.3M | ||
| Q2 25 | $21.8M | $-41.2M | ||
| Q1 25 | $186.9M | $77.1M | ||
| Q4 24 | $-4.1M | $-27.7M | ||
| Q3 24 | $-12.7M | $-29.3M | ||
| Q2 24 | $-6.8M | $-32.2M | ||
| Q1 24 | $86.2M | $70.8M |
自由现金流CMPEHTH
| Q4 25 | $-59.8M | $-36.1M | ||
| Q3 25 | $-22.8M | $-25.5M | ||
| Q2 25 | $3.8M | $-42.8M | ||
| Q1 25 | $172.9M | $76.8M | ||
| Q4 24 | $-25.9M | $-28.3M | ||
| Q3 24 | $-33.6M | $-30.3M | ||
| Q2 24 | $-21.5M | $-32.4M | ||
| Q1 24 | $56.2M | $70.6M |
自由现金流率CMPEHTH
| Q4 25 | -15.1% | -11.1% | ||
| Q3 25 | -10.0% | -47.4% | ||
| Q2 25 | 1.8% | -70.4% | ||
| Q1 25 | 35.0% | 67.9% | ||
| Q4 24 | -8.4% | -9.0% | ||
| Q3 24 | -16.1% | -51.8% | ||
| Q2 24 | -10.6% | -49.3% | ||
| Q1 24 | 15.4% | 75.9% |
资本支出强度CMPEHTH
| Q4 25 | 5.8% | 0.0% | ||
| Q3 25 | 7.0% | 0.4% | ||
| Q2 25 | 8.4% | 2.6% | ||
| Q1 25 | 2.8% | 0.3% | ||
| Q4 24 | 7.1% | 0.2% | ||
| Q3 24 | 10.0% | 1.7% | ||
| Q2 24 | 7.2% | 0.4% | ||
| Q1 24 | 8.2% | 0.2% |
现金转化率CMPEHTH
| Q4 25 | -1.99× | -0.41× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 39.55× | ||
| Q4 24 | — | -0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
EHTH
| Medicare | $282.7M | 87% |
| Other | $29.2M | 9% |
| Ancillaries | $7.9M | 2% |
| Commission Members Approved In Prior Periods | $3.8M | 1% |
| Small Business | $3.1M | 1% |
| Commission Revenue From Renewals | $2.4M | 1% |
