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COMPASS MINERALS INTERNATIONAL INC（CMP）与SBA Communications（SBAC）财务数据对比。点击上方公司名可切换其他公司
SBA Communications的季度营收约是COMPASS MINERALS INTERNATIONAL INC的1.8倍（$703.4M vs $396.1M），SBA Communications净利率更高（26.3% vs 4.7%，领先21.6%），COMPASS MINERALS INTERNATIONAL INC同比增速更快（28.9% vs -1.6%），过去两年COMPASS MINERALS INTERNATIONAL INC的营收复合增速更高（4.3% vs 3.2%）
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。
SBA Communications是一家房地产投资信托企业，核心业务为持有、运营无线通信基础设施，市场覆盖美国、加拿大、中南美洲及南非地区。公司由Steven Bernstein于1989年创立，前身为Steven Bernstein and Associates。
CMP vs SBAC — 直观对比
营收规模更大
SBAC
是对方的1.8倍
$396.1M
营收增速更快
CMP
高出30.5%
-1.6%
净利率更高
SBAC
高出21.6%
4.7%
两年增速更快
CMP
近两年复合增速
3.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $396.1M | $703.4M |
| 净利润 | $18.6M | $184.9M |
| 毛利率 | 16.0% | — |
| 营业利润率 | 9.2% | 48.7% |
| 净利率 | 4.7% | 26.3% |
| 营收同比 | 28.9% | -1.6% |
| 净利润同比 | 178.8% | -15.1% |
| 每股收益（稀释后） | $0.43 | $1.74 |
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CMPSBAC
| Q1 26 | — | $703.4M | ||
| Q4 25 | $396.1M | $719.6M | ||
| Q3 25 | $227.5M | $732.3M | ||
| Q2 25 | $214.6M | $699.0M | ||
| Q1 25 | $494.6M | $664.2M | ||
| Q4 24 | $307.2M | $693.7M | ||
| Q3 24 | $208.8M | $667.6M | ||
| Q2 24 | $202.9M | $660.5M |
净利润CMPSBAC
| Q1 26 | — | $184.9M | ||
| Q4 25 | $18.6M | $370.4M | ||
| Q3 25 | $-7.2M | $236.8M | ||
| Q2 25 | $-17.0M | $225.8M | ||
| Q1 25 | $-32.0M | $220.7M | ||
| Q4 24 | $-23.6M | $178.8M | ||
| Q3 24 | $-48.3M | $258.5M | ||
| Q2 24 | $-43.6M | $162.8M |
毛利率CMPSBAC
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 75.6% | ||
| Q3 25 | 16.9% | 74.1% | ||
| Q2 25 | 19.2% | 75.4% | ||
| Q1 25 | 15.5% | 76.9% | ||
| Q4 24 | 11.2% | 78.1% | ||
| Q3 24 | 9.3% | 77.5% | ||
| Q2 24 | 16.1% | 78.6% |
营业利润率CMPSBAC
| Q1 26 | — | 48.7% | ||
| Q4 25 | 9.2% | 41.5% | ||
| Q3 25 | 5.3% | 51.1% | ||
| Q2 25 | 7.4% | 47.9% | ||
| Q1 25 | -0.6% | 50.4% | ||
| Q4 24 | 0.2% | 55.1% | ||
| Q3 24 | -14.3% | 56.3% | ||
| Q2 24 | 2.9% | 53.7% |
净利率CMPSBAC
| Q1 26 | — | 26.3% | ||
| Q4 25 | 4.7% | 51.5% | ||
| Q3 25 | -3.2% | 32.3% | ||
| Q2 25 | -7.9% | 32.3% | ||
| Q1 25 | -6.5% | 33.2% | ||
| Q4 24 | -7.7% | 25.8% | ||
| Q3 24 | -23.1% | 38.7% | ||
| Q2 24 | -21.5% | 24.7% |
每股收益（稀释后）CMPSBAC
| Q1 26 | — | $1.74 | ||
| Q4 25 | $0.43 | $3.47 | ||
| Q3 25 | — | $2.20 | ||
| Q2 25 | $-0.41 | $2.09 | ||
| Q1 25 | $-0.77 | $2.04 | ||
| Q4 24 | $-0.57 | $1.61 | ||
| Q3 24 | $-1.17 | $2.40 | ||
| Q2 24 | $-1.05 | $1.51 |
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 | $269.1M |
| 总债务越低越好 | $890.0M | $2.7B |
| 股东权益账面价值 | $260.5M | — |
| 总资产 | $1.5B | $11.7B |
| 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CMPSBAC
| Q1 26 | — | $269.1M | ||
| Q4 25 | $46.7M | $271.2M | ||
| Q3 25 | $59.7M | $431.1M | ||
| Q2 25 | $79.4M | $276.8M | ||
| Q1 25 | $49.5M | $702.2M | ||
| Q4 24 | $45.8M | $444.4M | ||
| Q3 24 | $20.2M | $202.6M | ||
| Q2 24 | $12.8M | $250.9M |
总债务CMPSBAC
| Q1 26 | — | $2.7B | ||
| Q4 25 | $890.0M | $12.9B | ||
| Q3 25 | $839.8M | $12.7B | ||
| Q2 25 | $833.4M | $12.5B | ||
| Q1 25 | $807.6M | $12.4B | ||
| Q4 24 | $974.4M | $13.6B | ||
| Q3 24 | $921.2M | $12.3B | ||
| Q2 24 | $875.1M | $12.3B |
股东权益CMPSBAC
| Q1 26 | — | — | ||
| Q4 25 | $260.5M | $-4.9B | ||
| Q3 25 | $234.1M | $-4.9B | ||
| Q2 25 | $249.8M | $-4.9B | ||
| Q1 25 | $236.5M | $-5.0B | ||
| Q4 24 | $263.0M | $-5.1B | ||
| Q3 24 | $316.6M | $-5.2B | ||
| Q2 24 | $352.1M | $-5.3B |
总资产CMPSBAC
| Q1 26 | — | $11.7B | ||
| Q4 25 | $1.5B | $11.6B | ||
| Q3 25 | $1.5B | $11.3B | ||
| Q2 25 | $1.5B | $10.8B | ||
| Q1 25 | $1.5B | $10.4B | ||
| Q4 24 | $1.7B | $11.4B | ||
| Q3 24 | $1.6B | $10.2B | ||
| Q2 24 | $1.6B | $9.8B |
负债/权益比CMPSBAC
| Q1 26 | — | — | ||
| 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× | — |
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 | $255.1M |
| 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% | 9.5% |
| 现金转化率经营现金流/净利润 | -1.99× | 1.38× |
| 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
经营现金流CMPSBAC
| Q1 26 | — | $255.1M | ||
| Q4 25 | $-37.0M | $1.3B | ||
| Q3 25 | $-6.9M | $318.0M | ||
| Q2 25 | $21.8M | $368.1M | ||
| Q1 25 | $186.9M | $301.2M | ||
| Q4 24 | $-4.1M | $1.3B | ||
| Q3 24 | $-12.7M | $304.7M | ||
| Q2 24 | $-6.8M | $425.6M |
自由现金流CMPSBAC
| Q1 26 | — | — | ||
| Q4 25 | $-59.8M | $833.3M | ||
| Q3 25 | $-22.8M | $258.0M | ||
| Q2 25 | $3.8M | $312.2M | ||
| Q1 25 | $172.9M | $255.0M | ||
| Q4 24 | $-25.9M | $1.2B | ||
| Q3 24 | $-33.6M | $239.9M | ||
| Q2 24 | $-21.5M | $375.6M |
自由现金流率CMPSBAC
| Q1 26 | — | — | ||
| Q4 25 | -15.1% | 115.8% | ||
| Q3 25 | -10.0% | 35.2% | ||
| Q2 25 | 1.8% | 44.7% | ||
| Q1 25 | 35.0% | 38.4% | ||
| Q4 24 | -8.4% | 179.9% | ||
| Q3 24 | -16.1% | 35.9% | ||
| Q2 24 | -10.6% | 56.9% |
资本支出强度CMPSBAC
| Q1 26 | — | 9.5% | ||
| Q4 25 | 5.8% | 63.7% | ||
| Q3 25 | 7.0% | 8.2% | ||
| Q2 25 | 8.4% | 8.0% | ||
| Q1 25 | 2.8% | 7.0% | ||
| Q4 24 | 7.1% | 12.6% | ||
| Q3 24 | 10.0% | 9.7% | ||
| Q2 24 | 7.2% | 7.6% |
现金转化率CMPSBAC
| Q1 26 | — | 1.38× | ||
| Q4 25 | -1.99× | 3.49× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | 1.63× | ||
| Q1 25 | — | 1.36× | ||
| Q4 24 | — | 7.47× | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 2.61× |
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% |
SBAC
| Site leasing | $656.1M | 93% |
| Site development | $47.3M | 7% |
