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Core & Main, Inc.（CNM）与Teledyne Technologies（TDY）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Teledyne Technologies的1.3倍（$2.1B vs $1.6B），Teledyne Technologies净利率更高（17.1% vs 6.6%，领先10.4%），Teledyne Technologies同比增速更快（7.3% vs 0.0%），Teledyne Technologies自由现金流更多（$339.2M vs $263.0M），过去两年Core & Main, Inc.的营收复合增速更高（19.7% vs 9.3%）
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。
Teledyne Technologies是美国大型工业集团企业，1960年由亨利·辛格尔顿与乔治·科兹梅茨基共同创立，最初成立时名为Teledyne Inc.，发展至今在全球工业技术领域拥有较高的行业知名度与市场影响力。
CNM vs TDY — 直观对比
营收规模更大
CNM
是对方的1.3倍
$1.6B
营收增速更快
TDY
高出7.3%
0.0%
净利率更高
TDY
高出10.4%
6.6%
自由现金流更多
TDY
多$76.2M
$263.0M
两年增速更快
CNM
近两年复合增速
9.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.6B |
| 净利润 | $137.0M | $275.6M |
| 毛利率 | 27.2% | 42.9% |
| 营业利润率 | 10.7% | 20.4% |
| 净利率 | 6.6% | 17.1% |
| 营收同比 | 0.0% | 7.3% |
| 净利润同比 | 0.0% | 38.8% |
| 每股收益（稀释后） | $0.72 | $5.81 |
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CNMTDY
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $2.0B | $1.5B | ||
| Q3 24 | $2.0B | $1.4B | ||
| Q2 24 | $1.7B | $1.4B | ||
| Q1 24 | $1.4B | $1.4B |
净利润CNMTDY
| Q4 25 | $137.0M | $275.6M | ||
| Q3 25 | $134.0M | $220.7M | ||
| Q2 25 | $100.0M | $209.9M | ||
| Q1 25 | $64.0M | $188.6M | ||
| Q4 24 | $133.0M | $198.5M | ||
| Q3 24 | $119.0M | $262.0M | ||
| Q2 24 | $95.0M | $180.2M | ||
| Q1 24 | $63.0M | $178.5M |
毛利率CNMTDY
| Q4 25 | 27.2% | 42.9% | ||
| Q3 25 | 26.8% | 42.8% | ||
| Q2 25 | 26.7% | 42.6% | ||
| Q1 25 | 26.6% | 42.7% | ||
| Q4 24 | 26.6% | 42.8% | ||
| Q3 24 | 26.4% | 42.9% | ||
| Q2 24 | 26.9% | 43.1% | ||
| Q1 24 | 26.7% | 43.0% |
营业利润率CNMTDY
| Q4 25 | 10.7% | 20.4% | ||
| Q3 25 | 10.2% | 18.4% | ||
| Q2 25 | 8.9% | 18.4% | ||
| Q1 25 | 7.3% | 17.9% | ||
| Q4 24 | 10.9% | 15.8% | ||
| Q3 24 | 10.4% | 18.8% | ||
| Q2 24 | 9.6% | 18.0% | ||
| Q1 24 | 8.1% | 17.4% |
净利率CNMTDY
| Q4 25 | 6.6% | 17.1% | ||
| Q3 25 | 6.4% | 14.3% | ||
| Q2 25 | 5.2% | 13.9% | ||
| Q1 25 | 3.8% | 13.0% | ||
| Q4 24 | 6.5% | 13.2% | ||
| Q3 24 | 6.1% | 18.2% | ||
| Q2 24 | 5.5% | 13.1% | ||
| Q1 24 | 4.4% | 13.2% |
每股收益（稀释后）CNMTDY
| Q4 25 | $0.72 | $5.81 | ||
| Q3 25 | $0.70 | $4.65 | ||
| Q2 25 | $0.52 | $4.43 | ||
| Q1 25 | $0.34 | $3.99 | ||
| Q4 24 | $0.69 | $4.18 | ||
| Q3 24 | $0.61 | $5.54 | ||
| Q2 24 | $0.49 | $3.77 | ||
| Q1 24 | $0.34 | $3.72 |
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 | $352.4M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $2.0B | $10.5B |
| 总资产 | $6.3B | $15.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资CNMTDY
| Q4 25 | $89.0M | $352.4M | ||
| Q3 25 | $25.0M | $528.6M | ||
| Q2 25 | $8.0M | $310.9M | ||
| Q1 25 | $8.0M | $461.5M | ||
| Q4 24 | $10.0M | $649.8M | ||
| Q3 24 | $13.0M | $561.0M | ||
| Q2 24 | $30.0M | $443.2M | ||
| Q1 24 | $1.0M | $912.4M |
总债务CNMTDY
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $3.2B |
股东权益CNMTDY
| Q4 25 | $2.0B | $10.5B | ||
| Q3 25 | $1.9B | $10.6B | ||
| Q2 25 | $1.7B | $10.4B | ||
| Q1 25 | $1.7B | $9.9B | ||
| Q4 24 | $1.7B | $9.5B | ||
| Q3 24 | $1.6B | $9.6B | ||
| Q2 24 | $1.6B | $9.3B | ||
| Q1 24 | $1.5B | $9.3B |
总资产CNMTDY
| Q4 25 | $6.3B | $15.3B | ||
| Q3 25 | $6.3B | $15.4B | ||
| Q2 25 | $6.3B | $15.1B | ||
| Q1 25 | $5.9B | $15.0B | ||
| Q4 24 | $6.2B | $14.2B | ||
| Q3 24 | $6.1B | $14.5B | ||
| Q2 24 | $6.0B | $14.2B | ||
| Q1 24 | $5.1B | $14.6B |
负债/权益比CNMTDY
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 0.35× |
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 | $379.0M |
| 自由现金流经营现金流 - 资本支出 | $263.0M | $339.2M |
| 自由现金流率自由现金流/营收 | 12.8% | 21.0% |
| 资本支出强度资本支出/营收 | 0.4% | 2.5% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.38× |
| 过去12个月自由现金流最近4个季度 | $575.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流CNMTDY
| Q4 25 | $271.0M | $379.0M | ||
| Q3 25 | $34.0M | $343.1M | ||
| Q2 25 | $77.0M | $226.6M | ||
| Q1 25 | $235.0M | $242.6M | ||
| Q4 24 | $260.0M | $332.4M | ||
| Q3 24 | $48.0M | $249.8M | ||
| Q2 24 | $78.0M | $318.7M | ||
| Q1 24 | $294.0M | $291.0M |
自由现金流CNMTDY
| Q4 25 | $263.0M | $339.2M | ||
| Q3 25 | $24.0M | $313.9M | ||
| Q2 25 | $64.0M | $196.3M | ||
| Q1 25 | $224.0M | $224.6M | ||
| Q4 24 | $252.0M | $303.4M | ||
| Q3 24 | $39.0M | $228.7M | ||
| Q2 24 | $71.0M | $301.0M | ||
| Q1 24 | $289.0M | $275.1M |
自由现金流率CNMTDY
| Q4 25 | 12.8% | 21.0% | ||
| Q3 25 | 1.1% | 20.4% | ||
| Q2 25 | 3.3% | 13.0% | ||
| Q1 25 | 13.2% | 15.5% | ||
| Q4 24 | 12.4% | 20.2% | ||
| Q3 24 | 2.0% | 15.8% | ||
| Q2 24 | 4.1% | 21.9% | ||
| Q1 24 | 20.1% | 20.4% |
资本支出强度CNMTDY
| Q4 25 | 0.4% | 2.5% | ||
| Q3 25 | 0.5% | 1.9% | ||
| Q2 25 | 0.7% | 2.0% | ||
| Q1 25 | 0.6% | 1.2% | ||
| Q4 24 | 0.4% | 1.9% | ||
| Q3 24 | 0.5% | 1.5% | ||
| Q2 24 | 0.4% | 1.3% | ||
| Q1 24 | 0.3% | 1.2% |
现金转化率CNMTDY
| Q4 25 | 1.98× | 1.38× | ||
| Q3 25 | 0.25× | 1.55× | ||
| Q2 25 | 0.77× | 1.08× | ||
| Q1 25 | 3.67× | 1.29× | ||
| Q4 24 | 1.95× | 1.67× | ||
| Q3 24 | 0.40× | 0.95× | ||
| Q2 24 | 0.82× | 1.77× | ||
| Q1 24 | 4.67× | 1.63× |
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% |
TDY
| Commercial And Other | $681.5M | 42% |
| Aerospace And Defense Electronics | $275.9M | 17% |
| Marine Instrumentation | $177.1M | 11% |
| United States Government | $169.0M | 10% |
| Environmental Instrumentation | $120.7M | 7% |
| Engineered Systems | $103.3M | 6% |
| Test And Measurement Instrumentation | $84.8M | 5% |
