vs
Core & Main, Inc.（CNM）与RXO, Inc.（RXO）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RXO, Inc.的1.4倍（$2.1B vs $1.5B），Core & Main, Inc.净利率更高（6.6% vs -3.1%，领先9.8%），Core & Main, Inc.同比增速更快（0.0% vs -11.9%），Core & Main, Inc.自由现金流更多（$263.0M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 19.7%）
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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
CNM vs RXO — 直观对比
营收规模更大
CNM
是对方的1.4倍
$1.5B
营收增速更快
CNM
高出11.9%
-11.9%
净利率更高
CNM
高出9.8%
-3.1%
自由现金流更多
CNM
多$272.0M
$-9.0M
两年增速更快
RXO
近两年复合增速
19.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.5B |
| 净利润 | $137.0M | $-46.0M |
| 毛利率 | 27.2% | — |
| 营业利润率 | 10.7% | -2.9% |
| 净利率 | 6.6% | -3.1% |
| 营收同比 | 0.0% | -11.9% |
| 净利润同比 | 0.0% | -84.0% |
| 每股收益（稀释后） | $0.72 | $-0.28 |
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CNMRXO
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $2.0B | $1.0B | ||
| Q2 24 | $1.7B | $930.0M | ||
| Q1 24 | $1.4B | $913.0M |
净利润CNMRXO
| Q4 25 | $137.0M | $-46.0M | ||
| Q3 25 | $134.0M | $-14.0M | ||
| Q2 25 | $100.0M | $-9.0M | ||
| Q1 25 | $64.0M | $-31.0M | ||
| Q4 24 | $133.0M | $-25.0M | ||
| Q3 24 | $119.0M | $-243.0M | ||
| Q2 24 | $95.0M | $-7.0M | ||
| Q1 24 | $63.0M | $-15.0M |
毛利率CNMRXO
| 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CNMRXO
| Q4 25 | 10.7% | -2.9% | ||
| Q3 25 | 10.2% | -0.5% | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 7.3% | -2.1% | ||
| Q4 24 | 10.9% | -1.4% | ||
| Q3 24 | 10.4% | -1.9% | ||
| Q2 24 | 9.6% | — | ||
| Q1 24 | 8.1% | -1.3% |
净利率CNMRXO
| Q4 25 | 6.6% | -3.1% | ||
| Q3 25 | 6.4% | -1.0% | ||
| Q2 25 | 5.2% | -0.6% | ||
| Q1 25 | 3.8% | -2.2% | ||
| Q4 24 | 6.5% | -1.5% | ||
| Q3 24 | 6.1% | -23.4% | ||
| Q2 24 | 5.5% | -0.8% | ||
| Q1 24 | 4.4% | -1.6% |
每股收益（稀释后）CNMRXO
| Q4 25 | $0.72 | $-0.28 | ||
| Q3 25 | $0.70 | $-0.08 | ||
| Q2 25 | $0.52 | $-0.05 | ||
| Q1 25 | $0.34 | $-0.18 | ||
| Q4 24 | $0.69 | $-0.17 | ||
| Q3 24 | $0.61 | $-1.81 | ||
| Q2 24 | $0.49 | $-0.06 | ||
| Q1 24 | $0.34 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $2.0B | $1.5B |
| 总资产 | $6.3B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资CNMRXO
| Q4 25 | $89.0M | $17.0M | ||
| Q3 25 | $25.0M | $25.0M | ||
| Q2 25 | $8.0M | $18.0M | ||
| Q1 25 | $8.0M | $16.0M | ||
| Q4 24 | $10.0M | $35.0M | ||
| Q3 24 | $13.0M | $55.0M | ||
| Q2 24 | $30.0M | $7.0M | ||
| Q1 24 | $1.0M | $7.0M |
总债务CNMRXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益CNMRXO
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $1.9B | $1.6B | ||
| Q2 25 | $1.7B | $1.6B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.7B | $1.6B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.6B | $579.0M | ||
| Q1 24 | $1.5B | $582.0M |
总资产CNMRXO
| Q4 25 | $6.3B | $3.3B | ||
| Q3 25 | $6.3B | $3.2B | ||
| Q2 25 | $6.3B | $3.2B | ||
| Q1 25 | $5.9B | $3.3B | ||
| Q4 24 | $6.2B | $3.4B | ||
| Q3 24 | $6.1B | $3.4B | ||
| Q2 24 | $6.0B | $1.8B | ||
| Q1 24 | $5.1B | $1.8B |
负债/权益比CNMRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $263.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | 12.8% | -0.6% |
| 资本支出强度资本支出/营收 | 0.4% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流CNMRXO
| Q4 25 | $271.0M | $7.0M | ||
| Q3 25 | $34.0M | $23.0M | ||
| Q2 25 | $77.0M | $23.0M | ||
| Q1 25 | $235.0M | $-2.0M | ||
| Q4 24 | $260.0M | $-7.0M | ||
| Q3 24 | $48.0M | $-7.0M | ||
| Q2 24 | $78.0M | $-5.0M | ||
| Q1 24 | $294.0M | $7.0M |
自由现金流CNMRXO
| Q4 25 | $263.0M | $-9.0M | ||
| Q3 25 | $24.0M | $9.0M | ||
| Q2 25 | $64.0M | $9.0M | ||
| Q1 25 | $224.0M | $-17.0M | ||
| Q4 24 | $252.0M | $-19.0M | ||
| Q3 24 | $39.0M | $-18.0M | ||
| Q2 24 | $71.0M | $-16.0M | ||
| Q1 24 | $289.0M | $-4.0M |
自由现金流率CNMRXO
| Q4 25 | 12.8% | -0.6% | ||
| Q3 25 | 1.1% | 0.6% | ||
| Q2 25 | 3.3% | 0.6% | ||
| Q1 25 | 13.2% | -1.2% | ||
| Q4 24 | 12.4% | -1.1% | ||
| Q3 24 | 2.0% | -1.7% | ||
| Q2 24 | 4.1% | -1.7% | ||
| Q1 24 | 20.1% | -0.4% |
资本支出强度CNMRXO
| Q4 25 | 0.4% | 1.1% | ||
| Q3 25 | 0.5% | 1.0% | ||
| Q2 25 | 0.7% | 1.0% | ||
| Q1 25 | 0.6% | 1.0% | ||
| Q4 24 | 0.4% | 0.7% | ||
| Q3 24 | 0.5% | 1.1% | ||
| Q2 24 | 0.4% | 1.2% | ||
| Q1 24 | 0.3% | 1.2% |
现金转化率CNMRXO
| Q4 25 | 1.98× | — | ||
| Q3 25 | 0.25× | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 3.67× | — | ||
| Q4 24 | 1.95× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.82× | — | ||
| Q1 24 | 4.67× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
