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Core & Main, Inc.（CNM）与美国艺电（EA）财务数据对比。点击上方公司名可切换其他公司
Core & Main, Inc.的季度营收约是美国艺电的1.1倍（$2.1B vs $1.9B），Core & Main, Inc.净利率更高（6.6% vs 4.6%，领先2.0%），美国艺电同比增速更快（1.0% vs 0.0%），过去两年Core & Main, Inc.的营收复合增速更高（19.7% vs 3.4%）
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。
美国艺电（EA）是总部位于美国加利福尼亚州雷德伍德城的电子游戏企业，1982年5月由前苹果员工特里普·霍金斯创立。作为早期家用电脑游戏行业的先驱，公司将旗下游戏设计师与程序员称作“软件艺术家”，是全球知名的游戏厂商。
CNM vs EA — 直观对比
营收规模更大
CNM
是对方的1.1倍
$1.9B
营收增速更快
EA
高出1.0%
0.0%
净利率更高
CNM
高出2.0%
4.6%
两年增速更快
CNM
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.9B |
| 净利润 | $137.0M | $88.0M |
| 毛利率 | 27.2% | 73.8% |
| 营业利润率 | 10.7% | 6.7% |
| 净利率 | 6.6% | 4.6% |
| 营收同比 | 0.0% | 1.0% |
| 净利润同比 | 0.0% | -70.0% |
| 每股收益（稀释后） | $0.72 | $0.35 |
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CNMEA
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.7B | $1.9B | ||
| Q4 24 | $2.0B | $1.9B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $1.7B | $1.7B | ||
| Q1 24 | $1.4B | $1.8B |
净利润CNMEA
| Q4 25 | $137.0M | $88.0M | ||
| Q3 25 | $134.0M | $137.0M | ||
| Q2 25 | $100.0M | $201.0M | ||
| Q1 25 | $64.0M | $254.0M | ||
| Q4 24 | $133.0M | $293.0M | ||
| Q3 24 | $119.0M | $294.0M | ||
| Q2 24 | $95.0M | $280.0M | ||
| Q1 24 | $63.0M | $182.0M |
毛利率CNMEA
| Q4 25 | 27.2% | 73.8% | ||
| Q3 25 | 26.8% | 75.9% | ||
| Q2 25 | 26.7% | 83.3% | ||
| Q1 25 | 26.6% | 80.6% | ||
| Q4 24 | 26.6% | 75.8% | ||
| Q3 24 | 26.4% | 77.5% | ||
| Q2 24 | 26.9% | 84.2% | ||
| Q1 24 | 26.7% | 79.9% |
营业利润率CNMEA
| Q4 25 | 10.7% | 6.7% | ||
| Q3 25 | 10.2% | 10.9% | ||
| Q2 25 | 8.9% | 16.2% | ||
| Q1 25 | 7.3% | 20.8% | ||
| Q4 24 | 10.9% | 20.0% | ||
| Q3 24 | 10.4% | 19.0% | ||
| Q2 24 | 9.6% | 21.9% | ||
| Q1 24 | 8.1% | 13.2% |
净利率CNMEA
| Q4 25 | 6.6% | 4.6% | ||
| Q3 25 | 6.4% | 7.4% | ||
| Q2 25 | 5.2% | 12.0% | ||
| Q1 25 | 3.8% | 13.4% | ||
| Q4 24 | 6.5% | 15.6% | ||
| Q3 24 | 6.1% | 14.5% | ||
| Q2 24 | 5.5% | 16.9% | ||
| Q1 24 | 4.4% | 10.2% |
每股收益（稀释后）CNMEA
| Q4 25 | $0.72 | $0.35 | ||
| Q3 25 | $0.70 | $0.54 | ||
| Q2 25 | $0.52 | $0.79 | ||
| Q1 25 | $0.34 | $0.99 | ||
| Q4 24 | $0.69 | $1.11 | ||
| Q3 24 | $0.61 | $1.11 | ||
| Q2 24 | $0.49 | $1.04 | ||
| Q1 24 | $0.34 | $0.67 |
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 | $2.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $6.2B |
| 总资产 | $6.3B | $13.3B |
| 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CNMEA
| Q4 25 | $89.0M | $2.8B | ||
| Q3 25 | $25.0M | $1.1B | ||
| Q2 25 | $8.0M | $1.5B | ||
| Q1 25 | $8.0M | $2.1B | ||
| Q4 24 | $10.0M | $2.8B | ||
| Q3 24 | $13.0M | $2.2B | ||
| Q2 24 | $30.0M | $2.4B | ||
| Q1 24 | $1.0M | $2.9B |
股东权益CNMEA
| Q4 25 | $2.0B | $6.2B | ||
| Q3 25 | $1.9B | $6.0B | ||
| Q2 25 | $1.7B | $6.1B | ||
| Q1 25 | $1.7B | $6.4B | ||
| Q4 24 | $1.7B | $7.4B | ||
| Q3 24 | $1.6B | $7.4B | ||
| Q2 24 | $1.6B | $7.4B | ||
| Q1 24 | $1.5B | $7.5B |
总资产CNMEA
| Q4 25 | $6.3B | $13.3B | ||
| Q3 25 | $6.3B | $11.9B | ||
| Q2 25 | $6.3B | $11.7B | ||
| Q1 25 | $5.9B | $12.4B | ||
| Q4 24 | $6.2B | $13.5B | ||
| Q3 24 | $6.1B | $13.1B | ||
| Q2 24 | $6.0B | $12.7B | ||
| Q1 24 | $5.1B | $13.4B |
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 | $1.8B |
| 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× | 20.75× |
| 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CNMEA
| Q4 25 | $271.0M | $1.8B | ||
| Q3 25 | $34.0M | $130.0M | ||
| Q2 25 | $77.0M | $17.0M | ||
| Q1 25 | $235.0M | $549.0M | ||
| Q4 24 | $260.0M | $1.2B | ||
| Q3 24 | $48.0M | $234.0M | ||
| Q2 24 | $78.0M | $120.0M | ||
| Q1 24 | $294.0M | $580.0M |
自由现金流CNMEA
| 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CNMEA
| 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CNMEA
| 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CNMEA
| Q4 25 | 1.98× | 20.75× | ||
| Q3 25 | 0.25× | 0.95× | ||
| Q2 25 | 0.77× | 0.08× | ||
| Q1 25 | 3.67× | 2.16× | ||
| Q4 24 | 1.95× | 4.01× | ||
| Q3 24 | 0.40× | 0.80× | ||
| Q2 24 | 0.82× | 0.43× | ||
| Q1 24 | 4.67× | 3.19× |
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
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% |
EA
| Live Services And Other Net Revenue | $1.3B | 67% |
| PC And Other Net Revenue | $465.0M | 24% |
| Packaged Goods Net Revenue | $86.0M | 5% |
| Other | $56.0M | 3% |
| Estimated Service Offering Period | $25.0M | 1% |
