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Core & Main, Inc.（CNM）与ROKU, INC（ROKU）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ROKU, INC的1.7倍（$2.1B vs $1.2B），Core & Main, Inc.净利率更高（6.6% vs -2.2%，领先8.8%），Core & Main, Inc.同比增速更快（0.0% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $263.0M），过去两年Core & Main, Inc.的营收复合增速更高（19.7% vs 13.6%）
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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
CNM vs ROKU — 直观对比
营收规模更大
CNM
是对方的1.7倍
$1.2B
营收增速更快
CNM
高出18.3%
-18.3%
净利率更高
CNM
高出8.8%
-2.2%
自由现金流更多
ROKU
多$35.4M
$263.0M
两年增速更快
CNM
近两年复合增速
13.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.2B |
| 净利润 | $137.0M | $-27.4M |
| 毛利率 | 27.2% | 35.6% |
| 营业利润率 | 10.7% | 59.7% |
| 净利率 | 6.6% | -2.2% |
| 营收同比 | 0.0% | -18.3% |
| 净利润同比 | 0.0% | -361.0% |
| 每股收益（稀释后） | $0.72 | $0.57 |
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CNMROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $1.7B | $968.2M |
净利润CNMROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $137.0M | $80.5M | ||
| Q3 25 | $134.0M | $24.8M | ||
| Q2 25 | $100.0M | $10.5M | ||
| Q1 25 | $64.0M | $-27.4M | ||
| Q4 24 | $133.0M | $-35.5M | ||
| Q3 24 | $119.0M | $-9.0M | ||
| Q2 24 | $95.0M | $-34.0M |
毛利率CNMROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 27.2% | 43.5% | ||
| Q3 25 | 26.8% | 43.4% | ||
| Q2 25 | 26.7% | 44.8% | ||
| Q1 25 | 26.6% | 43.6% | ||
| Q4 24 | 26.6% | 42.7% | ||
| Q3 24 | 26.4% | 45.2% | ||
| Q2 24 | 26.9% | 43.9% |
营业利润率CNMROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 10.7% | 4.7% | ||
| Q3 25 | 10.2% | 0.8% | ||
| Q2 25 | 8.9% | -2.1% | ||
| Q1 25 | 7.3% | -5.7% | ||
| Q4 24 | 10.9% | -3.3% | ||
| Q3 24 | 10.4% | -3.4% | ||
| Q2 24 | 9.6% | -7.4% |
净利率CNMROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 6.6% | 5.8% | ||
| Q3 25 | 6.4% | 2.0% | ||
| Q2 25 | 5.2% | 0.9% | ||
| Q1 25 | 3.8% | -2.7% | ||
| Q4 24 | 6.5% | -3.0% | ||
| Q3 24 | 6.1% | -0.9% | ||
| Q2 24 | 5.5% | -3.5% |
每股收益（稀释后）CNMROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $0.72 | $0.55 | ||
| Q3 25 | $0.70 | $0.16 | ||
| Q2 25 | $0.52 | $0.07 | ||
| Q1 25 | $0.34 | $-0.19 | ||
| Q4 24 | $0.69 | $-0.24 | ||
| Q3 24 | $0.61 | $-0.06 | ||
| Q2 24 | $0.49 | $-0.24 |
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 | $2.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $2.7B |
| 总资产 | $6.3B | $4.4B |
| 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CNMROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $89.0M | $2.3B | ||
| Q3 25 | $25.0M | $2.3B | ||
| Q2 25 | $8.0M | $2.3B | ||
| Q1 25 | $8.0M | $2.3B | ||
| Q4 24 | $10.0M | $2.2B | ||
| Q3 24 | $13.0M | $2.1B | ||
| Q2 24 | $30.0M | $2.1B |
股东权益CNMROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.0B | $2.7B | ||
| Q3 25 | $1.9B | $2.6B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $1.7B | $2.5B | ||
| Q3 24 | $1.6B | $2.5B | ||
| Q2 24 | $1.6B | $2.4B |
总资产CNMROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $6.3B | $4.4B | ||
| Q3 25 | $6.3B | $4.4B | ||
| Q2 25 | $6.3B | $4.3B | ||
| Q1 25 | $5.9B | $4.2B | ||
| Q4 24 | $6.2B | $4.3B | ||
| Q3 24 | $6.1B | $4.3B | ||
| Q2 24 | $6.0B | $4.1B |
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 | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $263.0M | $298.4M |
| 自由现金流率自由现金流/营收 | 12.8% | 23.9% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $575.0M | $640.0M |
8季度趋势，按日历期对齐
经营现金流CNMROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $271.0M | $107.7M | ||
| Q3 25 | $34.0M | $127.6M | ||
| Q2 25 | $77.0M | $109.7M | ||
| Q1 25 | $235.0M | $138.7M | ||
| Q4 24 | $260.0M | $79.3M | ||
| Q3 24 | $48.0M | $68.7M | ||
| Q2 24 | $78.0M | $23.4M |
自由现金流CNMROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $263.0M | $106.6M | ||
| Q3 25 | $24.0M | $126.5M | ||
| Q2 25 | $64.0M | $108.6M | ||
| Q1 25 | $224.0M | $136.8M | ||
| Q4 24 | $252.0M | $76.8M | ||
| Q3 24 | $39.0M | $67.6M | ||
| Q2 24 | $71.0M | $22.5M |
自由现金流率CNMROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 12.8% | 7.6% | ||
| Q3 25 | 1.1% | 10.4% | ||
| Q2 25 | 3.3% | 9.8% | ||
| Q1 25 | 13.2% | 13.4% | ||
| Q4 24 | 12.4% | 6.4% | ||
| Q3 24 | 2.0% | 6.4% | ||
| Q2 24 | 4.1% | 2.3% |
资本支出强度CNMROKU
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 0.1% | ||
| Q3 25 | 0.5% | 0.1% | ||
| Q2 25 | 0.7% | 0.1% | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 0.4% | 0.2% | ||
| Q3 24 | 0.5% | 0.1% | ||
| Q2 24 | 0.4% | 0.1% |
现金转化率CNMROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 1.34× | ||
| Q3 25 | 0.25× | 5.14× | ||
| Q2 25 | 0.77× | 10.45× | ||
| Q1 25 | 3.67× | — | ||
| Q4 24 | 1.95× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.82× | — |
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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
