vs
COMPASS MINERALS INTERNATIONAL INC（CMP）与IPG PHOTONICS CORP（IPGP）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IPG PHOTONICS CORP的1.4倍（$396.1M vs $274.5M），IPG PHOTONICS CORP净利率更高（4.8% vs 4.7%，领先0.1%），COMPASS MINERALS INTERNATIONAL INC同比增速更快（28.9% vs 17.1%），IPG PHOTONICS CORP自由现金流更多（$10.9M vs $-59.8M），过去两年IPG PHOTONICS CORP的营收复合增速更高（4.4% 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。
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
CMP vs IPGP — 直观对比
营收规模更大
CMP
是对方的1.4倍
$274.5M
营收增速更快
CMP
高出11.8%
17.1%
净利率更高
IPGP
高出0.1%
4.7%
自由现金流更多
IPGP
多$70.7M
$-59.8M
两年增速更快
IPGP
近两年复合增速
4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $396.1M | $274.5M |
| 净利润 | $18.6M | $13.3M |
| 毛利率 | 16.0% | 36.1% |
| 营业利润率 | 9.2% | 1.2% |
| 净利率 | 4.7% | 4.8% |
| 营收同比 | 28.9% | 17.1% |
| 净利润同比 | 178.8% | 69.8% |
| 每股收益（稀释后） | $0.43 | $0.30 |
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CMPIPGP
| Q4 25 | $396.1M | $274.5M | ||
| Q3 25 | $227.5M | $250.8M | ||
| Q2 25 | $214.6M | $250.7M | ||
| Q1 25 | $494.6M | $227.8M | ||
| Q4 24 | $307.2M | $234.3M | ||
| Q3 24 | $208.8M | $233.1M | ||
| Q2 24 | $202.9M | $257.6M | ||
| Q1 24 | $364.0M | $252.0M |
净利润CMPIPGP
| Q4 25 | $18.6M | $13.3M | ||
| Q3 25 | $-7.2M | $7.5M | ||
| Q2 25 | $-17.0M | $6.6M | ||
| Q1 25 | $-32.0M | $3.8M | ||
| Q4 24 | $-23.6M | $7.8M | ||
| Q3 24 | $-48.3M | $-233.6M | ||
| Q2 24 | $-43.6M | $20.2M | ||
| Q1 24 | $-38.9M | $24.1M |
毛利率CMPIPGP
| Q4 25 | 16.0% | 36.1% | ||
| Q3 25 | 16.9% | 39.5% | ||
| Q2 25 | 19.2% | 37.3% | ||
| Q1 25 | 15.5% | 39.4% | ||
| Q4 24 | 11.2% | 38.6% | ||
| Q3 24 | 9.3% | 23.2% | ||
| Q2 24 | 16.1% | 37.3% | ||
| Q1 24 | 19.7% | 38.7% |
营业利润率CMPIPGP
| Q4 25 | 9.2% | 1.2% | ||
| Q3 25 | 5.3% | 3.1% | ||
| Q2 25 | 7.4% | 0.0% | ||
| Q1 25 | -0.6% | 0.8% | ||
| Q4 24 | 0.2% | 6.0% | ||
| Q3 24 | -14.3% | -108.7% | ||
| Q2 24 | 2.9% | 4.7% | ||
| Q1 24 | -10.8% | 7.6% |
净利率CMPIPGP
| Q4 25 | 4.7% | 4.8% | ||
| Q3 25 | -3.2% | 3.0% | ||
| Q2 25 | -7.9% | 2.6% | ||
| Q1 25 | -6.5% | 1.6% | ||
| Q4 24 | -7.7% | 3.3% | ||
| Q3 24 | -23.1% | -100.2% | ||
| Q2 24 | -21.5% | 7.8% | ||
| Q1 24 | -10.7% | 9.6% |
每股收益（稀释后）CMPIPGP
| Q4 25 | $0.43 | $0.30 | ||
| Q3 25 | — | $0.18 | ||
| Q2 25 | $-0.41 | $0.16 | ||
| Q1 25 | $-0.77 | $0.09 | ||
| Q4 24 | $-0.57 | $0.27 | ||
| Q3 24 | $-1.17 | $-5.33 | ||
| Q2 24 | $-1.05 | $0.45 | ||
| Q1 24 | $-0.94 | $0.52 |
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 | $839.3M |
| 总债务越低越好 | $890.0M | — |
| 股东权益账面价值 | $260.5M | $2.1B |
| 总资产 | $1.5B | $2.4B |
| 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CMPIPGP
| Q4 25 | $46.7M | $839.3M | ||
| Q3 25 | $59.7M | $870.4M | ||
| Q2 25 | $79.4M | $899.6M | ||
| Q1 25 | $49.5M | $926.9M | ||
| Q4 24 | $45.8M | $930.2M | ||
| Q3 24 | $20.2M | $1.0B | ||
| Q2 24 | $12.8M | $1.1B | ||
| Q1 24 | $38.3M | $1.1B |
总债务CMPIPGP
| 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CMPIPGP
| Q4 25 | $260.5M | $2.1B | ||
| Q3 25 | $234.1M | $2.1B | ||
| Q2 25 | $249.8M | $2.1B | ||
| Q1 25 | $236.5M | $2.1B | ||
| Q4 24 | $263.0M | $2.0B | ||
| Q3 24 | $316.6M | $2.1B | ||
| Q2 24 | $352.1M | $2.3B | ||
| Q1 24 | $400.4M | $2.3B |
总资产CMPIPGP
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.5B | $2.4B | ||
| Q2 25 | $1.5B | $2.4B | ||
| Q1 25 | $1.5B | $2.3B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.6B | $2.4B | ||
| Q2 24 | $1.6B | $2.5B | ||
| Q1 24 | $1.7B | $2.6B |
负债/权益比CMPIPGP
| 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 | $28.8M |
| 自由现金流经营现金流 - 资本支出 | $-59.8M | $10.9M |
| 自由现金流率自由现金流/营收 | -15.1% | 4.0% |
| 资本支出强度资本支出/营收 | 5.8% | 6.5% |
| 现金转化率经营现金流/净利润 | -1.99× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $94.1M | $-3.5M |
8季度趋势，按日历期对齐
经营现金流CMPIPGP
| Q4 25 | $-37.0M | $28.8M | ||
| Q3 25 | $-6.9M | $35.3M | ||
| Q2 25 | $21.8M | $-2.2M | ||
| Q1 25 | $186.9M | $13.4M | ||
| Q4 24 | $-4.1M | $73.8M | ||
| Q3 24 | $-12.7M | $66.1M | ||
| Q2 24 | $-6.8M | $53.5M | ||
| Q1 24 | $86.2M | $54.6M |
自由现金流CMPIPGP
| Q4 25 | $-59.8M | $10.9M | ||
| Q3 25 | $-22.8M | $14.6M | ||
| Q2 25 | $3.8M | $-17.6M | ||
| Q1 25 | $172.9M | $-11.4M | ||
| Q4 24 | $-25.9M | $50.6M | ||
| Q3 24 | $-33.6M | $43.0M | ||
| Q2 24 | $-21.5M | $29.2M | ||
| Q1 24 | $56.2M | $26.5M |
自由现金流率CMPIPGP
| Q4 25 | -15.1% | 4.0% | ||
| Q3 25 | -10.0% | 5.8% | ||
| Q2 25 | 1.8% | -7.0% | ||
| Q1 25 | 35.0% | -5.0% | ||
| Q4 24 | -8.4% | 21.6% | ||
| Q3 24 | -16.1% | 18.4% | ||
| Q2 24 | -10.6% | 11.3% | ||
| Q1 24 | 15.4% | 10.5% |
资本支出强度CMPIPGP
| Q4 25 | 5.8% | 6.5% | ||
| Q3 25 | 7.0% | 8.3% | ||
| Q2 25 | 8.4% | 6.1% | ||
| Q1 25 | 2.8% | 10.9% | ||
| Q4 24 | 7.1% | 9.9% | ||
| Q3 24 | 10.0% | 9.9% | ||
| Q2 24 | 7.2% | 9.4% | ||
| Q1 24 | 8.2% | 11.1% |
现金转化率CMPIPGP
| Q4 25 | -1.99× | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | — | -0.34× | ||
| Q1 25 | — | 3.58× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.65× | ||
| Q1 24 | — | 2.27× |
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% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
