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COMPASS MINERALS INTERNATIONAL INC（CMP）与必能宝（PBI）财务数据对比。点击上方公司名可切换其他公司
必能宝的季度营收约是COMPASS MINERALS INTERNATIONAL INC的1.2倍（$477.6M vs $396.1M），必能宝净利率更高（5.7% vs 4.7%，领先1.0%），COMPASS MINERALS INTERNATIONAL INC同比增速更快（28.9% vs -7.5%），必能宝自由现金流更多（$201.4M vs $-59.8M），过去两年COMPASS MINERALS INTERNATIONAL INC的营收复合增速更高（4.3% 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。
必能宝（Pitney Bowes）是全球知名科技与物流服务商，提供电商配送、邮寄处理、订单履约及客户信息管理解决方案，服务零售、金融、医疗、政府等领域的各类大中小企业客户，助力企业优化物流配送与客户运营效率。
CMP vs PBI — 直观对比
营收规模更大
PBI
是对方的1.2倍
$396.1M
营收增速更快
CMP
高出36.4%
-7.5%
净利率更高
PBI
高出1.0%
4.7%
自由现金流更多
PBI
多$261.2M
$-59.8M
两年增速更快
CMP
近两年复合增速
-4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $396.1M | $477.6M |
| 净利润 | $18.6M | $27.3M |
| 毛利率 | 16.0% | — |
| 营业利润率 | 9.2% | 8.0% |
| 净利率 | 4.7% | 5.7% |
| 营收同比 | 28.9% | -7.5% |
| 净利润同比 | 178.8% | 173.1% |
| 每股收益（稀释后） | $0.43 | $0.18 |
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CMPPBI
| Q4 25 | $396.1M | $477.6M | ||
| Q3 25 | $227.5M | $459.7M | ||
| Q2 25 | $214.6M | $461.9M | ||
| Q1 25 | $494.6M | $493.4M | ||
| Q4 24 | $307.2M | $516.1M | ||
| Q3 24 | $208.8M | $499.5M | ||
| Q2 24 | $202.9M | $489.7M | ||
| Q1 24 | $364.0M | $521.3M |
净利润CMPPBI
| Q4 25 | $18.6M | $27.3M | ||
| Q3 25 | $-7.2M | $52.0M | ||
| Q2 25 | $-17.0M | $30.0M | ||
| Q1 25 | $-32.0M | $35.4M | ||
| Q4 24 | $-23.6M | $-37.4M | ||
| Q3 24 | $-48.3M | $-138.5M | ||
| Q2 24 | $-43.6M | $-24.9M | ||
| Q1 24 | $-38.9M | $-2.9M |
毛利率CMPPBI
| Q4 25 | 16.0% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 19.2% | — | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | 11.2% | 53.8% | ||
| Q3 24 | 9.3% | 52.4% | ||
| Q2 24 | 16.1% | 51.1% | ||
| Q1 24 | 19.7% | 52.3% |
营业利润率CMPPBI
| Q4 25 | 9.2% | 8.0% | ||
| Q3 25 | 5.3% | 14.8% | ||
| Q2 25 | 7.4% | 8.5% | ||
| Q1 25 | -0.6% | 9.5% | ||
| Q4 24 | 0.2% | -9.3% | ||
| Q3 24 | -14.3% | -8.8% | ||
| Q2 24 | 2.9% | -1.6% | ||
| Q1 24 | -10.8% | 9.1% |
净利率CMPPBI
| Q4 25 | 4.7% | 5.7% | ||
| Q3 25 | -3.2% | 11.3% | ||
| Q2 25 | -7.9% | 6.5% | ||
| Q1 25 | -6.5% | 7.2% | ||
| Q4 24 | -7.7% | -7.2% | ||
| Q3 24 | -23.1% | -27.7% | ||
| Q2 24 | -21.5% | -5.1% | ||
| Q1 24 | -10.7% | -0.6% |
每股收益（稀释后）CMPPBI
| Q4 25 | $0.43 | $0.18 | ||
| Q3 25 | — | $0.30 | ||
| Q2 25 | $-0.41 | $0.17 | ||
| Q1 25 | $-0.77 | $0.19 | ||
| Q4 24 | $-0.57 | $-0.21 | ||
| Q3 24 | $-1.17 | $-0.75 | ||
| Q2 24 | $-1.05 | $-0.14 | ||
| Q1 24 | $-0.94 | $-0.02 |
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 | $297.1M |
| 总债务越低越好 | $890.0M | $2.0B |
| 股东权益账面价值 | $260.5M | $-802.4M |
| 总资产 | $1.5B | $3.2B |
| 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CMPPBI
| Q4 25 | $46.7M | $297.1M | ||
| Q3 25 | $59.7M | $336.0M | ||
| Q2 25 | $79.4M | $300.8M | ||
| Q1 25 | $49.5M | $340.0M | ||
| Q4 24 | $45.8M | $486.1M | ||
| Q3 24 | $20.2M | $575.5M | ||
| Q2 24 | $12.8M | $612.0M | ||
| Q1 24 | $38.3M | $538.0M |
总债务CMPPBI
| Q4 25 | $890.0M | $2.0B | ||
| Q3 25 | $839.8M | $2.1B | ||
| Q2 25 | $833.4M | $1.9B | ||
| Q1 25 | $807.6M | $1.9B | ||
| Q4 24 | $974.4M | $1.9B | ||
| Q3 24 | $921.2M | $2.1B | ||
| Q2 24 | $875.1M | $2.1B | ||
| Q1 24 | $877.2M | $2.1B |
股东权益CMPPBI
| Q4 25 | $260.5M | $-802.4M | ||
| Q3 25 | $234.1M | $-661.5M | ||
| Q2 25 | $249.8M | $-536.8M | ||
| Q1 25 | $236.5M | $-535.9M | ||
| Q4 24 | $263.0M | $-578.4M | ||
| Q3 24 | $316.6M | $-518.9M | ||
| Q2 24 | $352.1M | $-427.9M | ||
| Q1 24 | $400.4M | $-392.4M |
总资产CMPPBI
| Q4 25 | $1.5B | $3.2B | ||
| Q3 25 | $1.5B | $3.3B | ||
| Q2 25 | $1.5B | $3.2B | ||
| Q1 25 | $1.5B | $3.3B | ||
| Q4 24 | $1.7B | $3.4B | ||
| Q3 24 | $1.6B | $3.6B | ||
| Q2 24 | $1.6B | $4.1B | ||
| Q1 24 | $1.7B | $4.1B |
负债/权益比CMPPBI
| 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 | $221.7M |
| 自由现金流经营现金流 - 资本支出 | $-59.8M | $201.4M |
| 自由现金流率自由现金流/营收 | -15.1% | 42.2% |
| 资本支出强度资本支出/营收 | 5.8% | 4.2% |
| 现金转化率经营现金流/净利润 | -1.99× | 8.11× |
| 过去12个月自由现金流最近4个季度 | $94.1M | $317.0M |
8季度趋势，按日历期对齐
经营现金流CMPPBI
| Q4 25 | $-37.0M | $221.7M | ||
| Q3 25 | $-6.9M | $66.8M | ||
| Q2 25 | $21.8M | $111.4M | ||
| Q1 25 | $186.9M | $-16.7M | ||
| Q4 24 | $-4.1M | $134.5M | ||
| Q3 24 | $-12.7M | $14.7M | ||
| Q2 24 | $-6.8M | $92.6M | ||
| Q1 24 | $86.2M | $-12.6M |
自由现金流CMPPBI
| Q4 25 | $-59.8M | $201.4M | ||
| Q3 25 | $-22.8M | $51.1M | ||
| Q2 25 | $3.8M | $98.0M | ||
| Q1 25 | $172.9M | $-33.6M | ||
| Q4 24 | $-25.9M | $112.3M | ||
| Q3 24 | $-33.6M | $-4.7M | ||
| Q2 24 | $-21.5M | $76.1M | ||
| Q1 24 | $56.2M | $-26.9M |
自由现金流率CMPPBI
| Q4 25 | -15.1% | 42.2% | ||
| Q3 25 | -10.0% | 11.1% | ||
| Q2 25 | 1.8% | 21.2% | ||
| Q1 25 | 35.0% | -6.8% | ||
| Q4 24 | -8.4% | 21.8% | ||
| Q3 24 | -16.1% | -0.9% | ||
| Q2 24 | -10.6% | 15.5% | ||
| Q1 24 | 15.4% | -5.2% |
资本支出强度CMPPBI
| Q4 25 | 5.8% | 4.2% | ||
| Q3 25 | 7.0% | 3.4% | ||
| Q2 25 | 8.4% | 2.9% | ||
| Q1 25 | 2.8% | 3.4% | ||
| Q4 24 | 7.1% | 4.3% | ||
| Q3 24 | 10.0% | 3.9% | ||
| Q2 24 | 7.2% | 3.4% | ||
| Q1 24 | 8.2% | 2.7% |
现金转化率CMPPBI
| Q4 25 | -1.99× | 8.11× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | 3.72× | ||
| Q1 25 | — | -0.47× | ||
| Q4 24 | — | — | ||
| 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% |
PBI
| Sales And Services | $218.4M | 46% |
| Presort Services | $159.7M | 33% |
| Financing And Other | $79.0M | 17% |
| Other | $20.5M | 4% |
