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Core & Main, Inc.（CNM）与OPEN TEXT CORP（OTEX）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OPEN TEXT CORP的1.6倍（$2.1B vs $1.3B），OPEN TEXT CORP净利率更高（12.7% vs 6.6%，领先6.0%），Core & Main, Inc.同比增速更快（0.0% vs -0.6%），OPEN TEXT CORP自由现金流更多（$279.4M vs $263.0M），过去两年Core & Main, Inc.的营收复合增速更高（19.7% vs -4.3%）
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。
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
CNM vs OTEX — 直观对比
营收规模更大
CNM
是对方的1.6倍
$1.3B
营收增速更快
CNM
高出0.6%
-0.6%
净利率更高
OTEX
高出6.0%
6.6%
自由现金流更多
OTEX
多$16.4M
$263.0M
两年增速更快
CNM
近两年复合增速
-4.3%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.3B |
| 净利润 | $137.0M | $168.1M |
| 毛利率 | 27.2% | 74.0% |
| 营业利润率 | 10.7% | 22.0% |
| 净利率 | 6.6% | 12.7% |
| 营收同比 | 0.0% | -0.6% |
| 净利润同比 | 0.0% | -26.9% |
| 每股收益（稀释后） | $0.72 | $0.66 |
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CNMOTEX
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $1.7B | $1.4B | ||
| Q1 24 | $1.4B | $1.4B |
净利润CNMOTEX
| Q4 25 | $137.0M | $168.1M | ||
| Q3 25 | $134.0M | $146.6M | ||
| Q2 25 | $100.0M | $28.8M | ||
| Q1 25 | $64.0M | $92.8M | ||
| Q4 24 | $133.0M | $229.9M | ||
| Q3 24 | $119.0M | $84.4M | ||
| Q2 24 | $95.0M | $248.2M | ||
| Q1 24 | $63.0M | $98.3M |
毛利率CNMOTEX
| Q4 25 | 27.2% | 74.0% | ||
| Q3 25 | 26.8% | 72.8% | ||
| Q2 25 | 26.7% | 72.3% | ||
| Q1 25 | 26.6% | 71.6% | ||
| Q4 24 | 26.6% | 73.3% | ||
| Q3 24 | 26.4% | 71.7% | ||
| Q2 24 | 26.9% | 72.5% | ||
| Q1 24 | 26.7% | 73.0% |
营业利润率CNMOTEX
| Q4 25 | 10.7% | 22.0% | ||
| Q3 25 | 10.2% | 21.0% | ||
| Q2 25 | 8.9% | 13.9% | ||
| Q1 25 | 7.3% | 16.7% | ||
| Q4 24 | 10.9% | 22.2% | ||
| Q3 24 | 10.4% | 16.3% | ||
| Q2 24 | 9.6% | 14.2% | ||
| Q1 24 | 8.1% | 15.7% |
净利率CNMOTEX
| Q4 25 | 6.6% | 12.7% | ||
| Q3 25 | 6.4% | 11.4% | ||
| Q2 25 | 5.2% | 2.2% | ||
| Q1 25 | 3.8% | 7.4% | ||
| Q4 24 | 6.5% | 17.2% | ||
| Q3 24 | 6.1% | 6.6% | ||
| Q2 24 | 5.5% | 18.2% | ||
| Q1 24 | 4.4% | 6.8% |
每股收益（稀释后）CNMOTEX
| Q4 25 | $0.72 | $0.66 | ||
| Q3 25 | $0.70 | $0.58 | ||
| Q2 25 | $0.52 | $0.11 | ||
| Q1 25 | $0.34 | $0.35 | ||
| Q4 24 | $0.69 | $0.87 | ||
| Q3 24 | $0.61 | $0.32 | ||
| Q2 24 | $0.49 | $0.91 | ||
| Q1 24 | $0.34 | $0.36 |
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 | $1.3B |
| 总债务越低越好 | — | $6.4B |
| 股东权益账面价值 | $2.0B | $4.0B |
| 总资产 | $6.3B | $13.6B |
| 负债/权益比越低杠杆越低 | — | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资CNMOTEX
| Q4 25 | $89.0M | $1.3B | ||
| Q3 25 | $25.0M | $1.1B | ||
| Q2 25 | $8.0M | $1.2B | ||
| Q1 25 | $8.0M | $1.3B | ||
| Q4 24 | $10.0M | $1.1B | ||
| Q3 24 | $13.0M | $1.0B | ||
| Q2 24 | $30.0M | $1.3B | ||
| Q1 24 | $1.0M | $1.1B |
总债务CNMOTEX
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $8.4B |
股东权益CNMOTEX
| Q4 25 | $2.0B | $4.0B | ||
| Q3 25 | $1.9B | $4.0B | ||
| Q2 25 | $1.7B | $3.9B | ||
| Q1 25 | $1.7B | $4.1B | ||
| Q4 24 | $1.7B | $4.2B | ||
| Q3 24 | $1.6B | $4.1B | ||
| Q2 24 | $1.6B | $4.2B | ||
| Q1 24 | $1.5B | $4.1B |
总资产CNMOTEX
| Q4 25 | $6.3B | $13.6B | ||
| Q3 25 | $6.3B | $13.5B | ||
| Q2 25 | $6.3B | $13.8B | ||
| Q1 25 | $5.9B | $13.8B | ||
| Q4 24 | $6.2B | $13.7B | ||
| Q3 24 | $6.1B | $13.8B | ||
| Q2 24 | $6.0B | $14.2B | ||
| Q1 24 | $5.1B | $16.4B |
负债/权益比CNMOTEX
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 1.52× | ||
| Q1 24 | — | 2.02× |
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 | $318.7M |
| 自由现金流经营现金流 - 资本支出 | $263.0M | $279.4M |
| 自由现金流率自由现金流/营收 | 12.8% | 21.1% |
| 资本支出强度资本支出/营收 | 0.4% | 3.0% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.90× |
| 过去12个月自由现金流最近4个季度 | $575.0M | $878.5M |
8季度趋势，按日历期对齐
经营现金流CNMOTEX
| Q4 25 | $271.0M | $318.7M | ||
| Q3 25 | $34.0M | $147.8M | ||
| Q2 25 | $77.0M | $158.2M | ||
| Q1 25 | $235.0M | $402.2M | ||
| Q4 24 | $260.0M | $348.0M | ||
| Q3 24 | $48.0M | $-77.8M | ||
| Q2 24 | $78.0M | $185.2M | ||
| Q1 24 | $294.0M | $384.7M |
自由现金流CNMOTEX
| Q4 25 | $263.0M | $279.4M | ||
| Q3 25 | $24.0M | $101.2M | ||
| Q2 25 | $64.0M | $124.0M | ||
| Q1 25 | $224.0M | $373.8M | ||
| Q4 24 | $252.0M | $306.7M | ||
| Q3 24 | $39.0M | $-117.1M | ||
| Q2 24 | $71.0M | $145.2M | ||
| Q1 24 | $289.0M | $348.2M |
自由现金流率CNMOTEX
| Q4 25 | 12.8% | 21.1% | ||
| Q3 25 | 1.1% | 7.9% | ||
| Q2 25 | 3.3% | 9.5% | ||
| Q1 25 | 13.2% | 29.8% | ||
| Q4 24 | 12.4% | 23.0% | ||
| Q3 24 | 2.0% | -9.2% | ||
| Q2 24 | 4.1% | 10.7% | ||
| Q1 24 | 20.1% | 24.1% |
资本支出强度CNMOTEX
| Q4 25 | 0.4% | 3.0% | ||
| Q3 25 | 0.5% | 3.6% | ||
| Q2 25 | 0.7% | 2.6% | ||
| Q1 25 | 0.6% | 2.3% | ||
| Q4 24 | 0.4% | 3.1% | ||
| Q3 24 | 0.5% | 3.1% | ||
| Q2 24 | 0.4% | 2.9% | ||
| Q1 24 | 0.3% | 2.5% |
现金转化率CNMOTEX
| Q4 25 | 1.98× | 1.90× | ||
| Q3 25 | 0.25× | 1.01× | ||
| Q2 25 | 0.77× | 5.49× | ||
| Q1 25 | 3.67× | 4.33× | ||
| Q4 24 | 1.95× | 1.51× | ||
| Q3 24 | 0.40× | -0.92× | ||
| Q2 24 | 0.82× | 0.75× | ||
| Q1 24 | 4.67× | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
