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COMPASS MINERALS INTERNATIONAL INC（CMP）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）财务数据对比。点击上方公司名可切换其他公司
ADVANCED DRAINAGE SYSTEMS, INC.的季度营收约是COMPASS MINERALS INTERNATIONAL INC的1.8倍（$693.4M vs $396.1M），ADVANCED DRAINAGE SYSTEMS, INC.净利率更高（13.5% vs 4.7%，领先8.8%），COMPASS MINERALS INTERNATIONAL INC同比增速更快（28.9% vs 0.4%），ADVANCED DRAINAGE SYSTEMS, INC.自由现金流更多（$183.6M vs $-59.8M），过去两年COMPASS MINERALS INTERNATIONAL INC的营收复合增速更高（4.3% vs 3.0%）
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。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
CMP vs WMS — 直观对比
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $396.1M | $693.4M |
| 净利润 | $18.6M | $93.6M |
| 毛利率 | 16.0% | 37.4% |
| 营业利润率 | 9.2% | 19.7% |
| 净利率 | 4.7% | 13.5% |
| 营收同比 | 28.9% | 0.4% |
| 净利润同比 | 178.8% | 15.3% |
| 每股收益（稀释后） | $0.43 | $1.19 |
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 | $693.4M | ||
| Q3 25 | $227.5M | $850.4M | ||
| Q2 25 | $214.6M | $829.9M | ||
| Q1 25 | $494.6M | $615.8M | ||
| Q4 24 | $307.2M | $690.5M | ||
| Q3 24 | $208.8M | $782.6M | ||
| Q2 24 | $202.9M | $815.3M | ||
| Q1 24 | $364.0M | $653.8M |
| Q4 25 | $18.6M | $93.6M | ||
| Q3 25 | $-7.2M | $156.0M | ||
| Q2 25 | $-17.0M | $143.9M | ||
| Q1 25 | $-32.0M | $77.2M | ||
| Q4 24 | $-23.6M | $81.2M | ||
| Q3 24 | $-48.3M | $130.4M | ||
| Q2 24 | $-43.6M | $161.4M | ||
| Q1 24 | $-38.9M | $94.8M |
| Q4 25 | 16.0% | 37.4% | ||
| Q3 25 | 16.9% | 40.0% | ||
| Q2 25 | 19.2% | 39.8% | ||
| Q1 25 | 15.5% | 36.7% | ||
| Q4 24 | 11.2% | 35.0% | ||
| Q3 24 | 9.3% | 37.6% | ||
| Q2 24 | 16.1% | 40.8% | ||
| Q1 24 | 19.7% | 38.5% |
| Q4 25 | 9.2% | 19.7% | ||
| Q3 25 | 5.3% | 26.3% | ||
| Q2 25 | 7.4% | 24.8% | ||
| Q1 25 | -0.6% | 19.0% | ||
| Q4 24 | 0.2% | 18.4% | ||
| Q3 24 | -14.3% | 23.9% | ||
| Q2 24 | 2.9% | 27.7% | ||
| Q1 24 | -10.8% | 20.7% |
| Q4 25 | 4.7% | 13.5% | ||
| Q3 25 | -3.2% | 18.3% | ||
| Q2 25 | -7.9% | 17.3% | ||
| Q1 25 | -6.5% | 12.5% | ||
| Q4 24 | -7.7% | 11.8% | ||
| Q3 24 | -23.1% | 16.7% | ||
| Q2 24 | -21.5% | 19.8% | ||
| Q1 24 | -10.7% | 14.5% |
| Q4 25 | $0.43 | $1.19 | ||
| Q3 25 | — | $1.99 | ||
| Q2 25 | $-0.41 | $1.84 | ||
| Q1 25 | $-0.77 | $0.99 | ||
| Q4 24 | $-0.57 | $1.04 | ||
| Q3 24 | $-1.17 | $1.67 | ||
| Q2 24 | $-1.05 | $2.06 | ||
| Q1 24 | $-0.94 | $1.22 |
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 | $1.0B |
| 总债务越低越好 | $890.0M | — |
| 股东权益账面价值 | $260.5M | $1.9B |
| 总资产 | $1.5B | $4.1B |
| 负债/权益比越低杠杆越低 | 3.42× | — |
8季度趋势，按日历期对齐
| Q4 25 | $46.7M | $1.0B | ||
| Q3 25 | $59.7M | $812.9M | ||
| Q2 25 | $79.4M | $638.3M | ||
| Q1 25 | $49.5M | $463.3M | ||
| Q4 24 | $45.8M | $488.9M | ||
| Q3 24 | $20.2M | $613.0M | ||
| Q2 24 | $12.8M | $541.6M | ||
| Q1 24 | $38.3M | $490.2M |
| Q4 25 | $890.0M | — | ||
| Q3 25 | $839.8M | — | ||
| Q2 25 | $833.4M | — | ||
| Q1 25 | $807.6M | $1.3B | ||
| Q4 24 | $974.4M | — | ||
| Q3 24 | $921.2M | — | ||
| Q2 24 | $875.1M | — | ||
| Q1 24 | $877.2M | $1.3B |
| Q4 25 | $260.5M | $1.9B | ||
| Q3 25 | $234.1M | $1.8B | ||
| Q2 25 | $249.8M | $1.7B | ||
| Q1 25 | $236.5M | $1.5B | ||
| Q4 24 | $263.0M | $1.5B | ||
| Q3 24 | $316.6M | $1.4B | ||
| Q2 24 | $352.1M | $1.3B | ||
| Q1 24 | $400.4M | $1.2B |
| Q4 25 | $1.5B | $4.1B | ||
| Q3 25 | $1.5B | $4.1B | ||
| Q2 25 | $1.5B | $3.9B | ||
| Q1 25 | $1.5B | $3.7B | ||
| Q4 24 | $1.7B | $3.6B | ||
| Q3 24 | $1.6B | $3.5B | ||
| Q2 24 | $1.6B | $3.4B | ||
| Q1 24 | $1.7B | $3.3B |
| Q4 25 | 3.42× | — | ||
| Q3 25 | 3.59× | — | ||
| Q2 25 | 3.34× | — | ||
| Q1 25 | 3.41× | 0.83× | ||
| Q4 24 | 3.70× | — | ||
| Q3 24 | 2.91× | — | ||
| Q2 24 | 2.49× | — | ||
| Q1 24 | 2.19× | 1.11× |
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 | $269.3M |
| 自由现金流经营现金流 - 资本支出 | $-59.8M | $183.6M |
| 自由现金流率自由现金流/营收 | -15.1% | 26.5% |
| 资本支出强度资本支出/营收 | 5.8% | 12.4% |
| 现金转化率经营现金流/净利润 | -1.99× | 2.88× |
| 过去12个月自由现金流最近4个季度 | $94.1M | $577.1M |
8季度趋势，按日历期对齐
| Q4 25 | $-37.0M | $269.3M | ||
| Q3 25 | $-6.9M | $234.9M | ||
| Q2 25 | $21.8M | $275.0M | ||
| Q1 25 | $186.9M | $41.2M | ||
| Q4 24 | $-4.1M | $189.9M | ||
| Q3 24 | $-12.7M | $166.9M | ||
| Q2 24 | $-6.8M | $183.4M | ||
| Q1 24 | $86.2M | $17.7M |
| Q4 25 | $-59.8M | $183.6M | ||
| Q3 25 | $-22.8M | $176.4M | ||
| Q2 25 | $3.8M | $222.4M | ||
| Q1 25 | $172.9M | $-5.3M | ||
| Q4 24 | $-25.9M | $135.7M | ||
| Q3 24 | $-33.6M | $112.4M | ||
| Q2 24 | $-21.5M | $125.7M | ||
| Q1 24 | $56.2M | $-29.8M |
| Q4 25 | -15.1% | 26.5% | ||
| Q3 25 | -10.0% | 20.7% | ||
| Q2 25 | 1.8% | 26.8% | ||
| Q1 25 | 35.0% | -0.9% | ||
| Q4 24 | -8.4% | 19.7% | ||
| Q3 24 | -16.1% | 14.4% | ||
| Q2 24 | -10.6% | 15.4% | ||
| Q1 24 | 15.4% | -4.6% |
| Q4 25 | 5.8% | 12.4% | ||
| Q3 25 | 7.0% | 6.9% | ||
| Q2 25 | 8.4% | 6.3% | ||
| Q1 25 | 2.8% | 7.6% | ||
| Q4 24 | 7.1% | 7.9% | ||
| Q3 24 | 10.0% | 7.0% | ||
| Q2 24 | 7.2% | 7.1% | ||
| Q1 24 | 8.2% | 7.3% |
| Q4 25 | -1.99× | 2.88× | ||
| Q3 25 | — | 1.51× | ||
| Q2 25 | — | 1.91× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 0.19× |
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% |
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
