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Core & Main, Inc.（CNM）与CNO Financial Group, Inc.（CNO）财务数据对比。点击上方公司名可切换其他公司
Core & Main, Inc.的季度营收约是CNO Financial Group, Inc.的1.8倍（$2.1B vs $1.1B），CNO Financial Group, Inc.净利率更高（8.8% vs 6.6%，领先2.2%），CNO Financial Group, Inc.同比增速更快（4.2% vs 0.0%），过去两年Core & Main, Inc.的营收复合增速更高（19.7% vs -0.6%）
Core & Main, Inc.总部位于美国密苏里州圣路易斯，是美国专业的水务及相关防护产品分销商，主营供水、污水处理、雨水排放、消防防护类产品，客户覆盖市政部门、私营水务企业及专业承包商，在全美49个州设有370个分支机构，服务6万客户，在售产品达22.5万种。
CNO金融集团是总部位于美国印第安纳州卡梅尔的金融服务控股公司，前身为康塞科公司。集团旗下保险子公司为美国超400万客户提供人寿保险、年金和补充健康保险产品，通过独立代理人、专属代理人，以及电视广告、直邮等直销触达用户。
CNM vs CNO — 直观对比
营收规模更大
CNM
是对方的1.8倍
$1.1B
营收增速更快
CNO
高出4.2%
0.0%
净利率更高
CNO
高出2.2%
6.6%
两年增速更快
CNM
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.1B |
| 净利润 | $137.0M | $100.7M |
| 毛利率 | 27.2% | — |
| 营业利润率 | 10.7% | 15.2% |
| 净利率 | 6.6% | 8.8% |
| 营收同比 | 0.0% | 4.2% |
| 净利润同比 | 0.0% | -39.4% |
| 每股收益（稀释后） | $0.72 | $1.02 |
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CNMCNO
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.4B | $1.2B |
净利润CNMCNO
| Q4 25 | $137.0M | $100.7M | ||
| Q3 25 | $134.0M | $23.1M | ||
| Q2 25 | $100.0M | $91.8M | ||
| Q1 25 | $64.0M | $13.7M | ||
| Q4 24 | $133.0M | $166.1M | ||
| Q3 24 | $119.0M | $9.3M | ||
| Q2 24 | $95.0M | $116.3M | ||
| Q1 24 | $63.0M | $112.3M |
毛利率CNMCNO
| Q4 25 | 27.2% | — | ||
| Q3 25 | 26.8% | — | ||
| Q2 25 | 26.7% | — | ||
| Q1 25 | 26.6% | — | ||
| Q4 24 | 26.6% | — | ||
| Q3 24 | 26.4% | — | ||
| Q2 24 | 26.9% | — | ||
| Q1 24 | 26.7% | — |
营业利润率CNMCNO
| Q4 25 | 10.7% | 15.2% | ||
| Q3 25 | 10.2% | 13.7% | ||
| Q2 25 | 8.9% | 9.8% | ||
| Q1 25 | 7.3% | 10.4% | ||
| Q4 24 | 10.9% | 15.8% | ||
| Q3 24 | 10.4% | 13.6% | ||
| Q2 24 | 9.6% | 13.9% | ||
| Q1 24 | 8.1% | 6.5% |
净利率CNMCNO
| Q4 25 | 6.6% | 8.8% | ||
| Q3 25 | 6.4% | 1.9% | ||
| Q2 25 | 5.2% | 8.0% | ||
| Q1 25 | 3.8% | 1.4% | ||
| Q4 24 | 6.5% | 15.1% | ||
| Q3 24 | 6.1% | 0.8% | ||
| Q2 24 | 5.5% | 10.9% | ||
| Q1 24 | 4.4% | 9.7% |
每股收益（稀释后）CNMCNO
| Q4 25 | $0.72 | $1.02 | ||
| Q3 25 | $0.70 | $0.24 | ||
| Q2 25 | $0.52 | $0.91 | ||
| Q1 25 | $0.34 | $0.13 | ||
| Q4 24 | $0.69 | $1.58 | ||
| Q3 24 | $0.61 | $0.09 | ||
| Q2 24 | $0.49 | $1.06 | ||
| Q1 24 | $0.34 | $1.01 |
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 | $89.0M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $2.6B |
| 总资产 | $6.3B | $38.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CNMCNO
| Q4 25 | $89.0M | — | ||
| Q3 25 | $25.0M | — | ||
| Q2 25 | $8.0M | — | ||
| Q1 25 | $8.0M | — | ||
| Q4 24 | $10.0M | — | ||
| Q3 24 | $13.0M | — | ||
| Q2 24 | $30.0M | — | ||
| Q1 24 | $1.0M | — |
股东权益CNMCNO
| Q4 25 | $2.0B | $2.6B | ||
| Q3 25 | $1.9B | $2.6B | ||
| Q2 25 | $1.7B | $2.5B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $1.7B | $2.5B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.6B | $2.4B | ||
| Q1 24 | $1.5B | $2.4B |
总资产CNMCNO
| Q4 25 | $6.3B | $38.8B | ||
| Q3 25 | $6.3B | $38.3B | ||
| Q2 25 | $6.3B | $37.3B | ||
| Q1 25 | $5.9B | $37.4B | ||
| Q4 24 | $6.2B | $37.9B | ||
| Q3 24 | $6.1B | $37.6B | ||
| Q2 24 | $6.0B | $36.3B | ||
| Q1 24 | $5.1B | $34.9B |
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 | $271.0M | $195.7M |
| 自由现金流经营现金流 - 资本支出 | $263.0M | — |
| 自由现金流率自由现金流/营收 | 12.8% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | 1.98× | 1.94× |
| 过去12个月自由现金流最近4个季度 | $575.0M | — |
8季度趋势，按日历期对齐
经营现金流CNMCNO
| Q4 25 | $271.0M | $195.7M | ||
| Q3 25 | $34.0M | $197.8M | ||
| Q2 25 | $77.0M | $145.5M | ||
| Q1 25 | $235.0M | $136.7M | ||
| Q4 24 | $260.0M | $191.0M | ||
| Q3 24 | $48.0M | $231.2M | ||
| Q2 24 | $78.0M | $110.9M | ||
| Q1 24 | $294.0M | $94.6M |
自由现金流CNMCNO
| Q4 25 | $263.0M | — | ||
| Q3 25 | $24.0M | — | ||
| Q2 25 | $64.0M | — | ||
| Q1 25 | $224.0M | — | ||
| Q4 24 | $252.0M | — | ||
| Q3 24 | $39.0M | — | ||
| Q2 24 | $71.0M | — | ||
| Q1 24 | $289.0M | — |
自由现金流率CNMCNO
| Q4 25 | 12.8% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 13.2% | — | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 20.1% | — |
资本支出强度CNMCNO
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.3% | — |
现金转化率CNMCNO
| Q4 25 | 1.98× | 1.94× | ||
| Q3 25 | 0.25× | 8.56× | ||
| Q2 25 | 0.77× | 1.58× | ||
| Q1 25 | 3.67× | 9.98× | ||
| Q4 24 | 1.95× | 1.15× | ||
| Q3 24 | 0.40× | 24.86× | ||
| Q2 24 | 0.82× | 0.95× | ||
| Q1 24 | 4.67× | 0.84× |
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
CNM
| Pipes Valves And Fitting Products | $1.4B | 67% |
| Storm Drainage Products | $333.0M | 16% |
| Meter Products | $195.0M | 9% |
| Fire Protection Products | $152.0M | 7% |
CNO
| Health Insurance Product Line | $496.4M | 43% |
| Life Insurance Segment | $268.8M | 24% |
| Other | $207.2M | 18% |
| Life And Annuity Insurance Product Line | $170.7M | 15% |
