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Core & Main, Inc.（CNM）与Veralto（VLTO）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Veralto的1.5倍（$2.1B vs $1.4B），Veralto净利率更高（17.9% vs 6.6%，领先11.2%），Veralto同比增速更快（6.8% vs 0.0%），Core & Main, Inc.自由现金流更多（$263.0M vs $170.0M），过去两年Core & Main, Inc.的营收复合增速更高（19.7% vs 6.8%）
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。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
CNM vs VLTO — 直观对比
营收规模更大
CNM
是对方的1.5倍
$1.4B
营收增速更快
VLTO
高出6.8%
0.0%
净利率更高
VLTO
高出11.2%
6.6%
自由现金流更多
CNM
多$93.0M
$170.0M
两年增速更快
CNM
近两年复合增速
6.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.4B |
| 净利润 | $137.0M | $254.0M |
| 毛利率 | 27.2% | 60.1% |
| 营业利润率 | 10.7% | 23.8% |
| 净利率 | 6.6% | 17.9% |
| 营收同比 | 0.0% | 6.8% |
| 净利润同比 | 0.0% | 12.9% |
| 每股收益（稀释后） | $0.72 | $1.02 |
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CNMVLTO
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $1.7B | $1.3B |
净利润CNMVLTO
| Q1 26 | — | $254.0M | ||
| Q4 25 | $137.0M | $239.0M | ||
| Q3 25 | $134.0M | $222.0M | ||
| Q2 25 | $100.0M | $225.0M | ||
| Q1 25 | $64.0M | — | ||
| Q4 24 | $133.0M | $227.0M | ||
| Q3 24 | $119.0M | $219.0M | ||
| Q2 24 | $95.0M | $203.0M |
毛利率CNMVLTO
| Q1 26 | — | 60.1% | ||
| Q4 25 | 27.2% | 60.1% | ||
| Q3 25 | 26.8% | 60.0% | ||
| Q2 25 | 26.7% | 60.4% | ||
| Q1 25 | 26.6% | — | ||
| Q4 24 | 26.6% | 59.6% | ||
| Q3 24 | 26.4% | 59.6% | ||
| Q2 24 | 26.9% | 60.1% |
营业利润率CNMVLTO
| Q1 26 | — | 23.8% | ||
| Q4 25 | 10.7% | 23.2% | ||
| Q3 25 | 10.2% | 22.8% | ||
| Q2 25 | 8.9% | 24.2% | ||
| Q1 25 | 7.3% | — | ||
| Q4 24 | 10.9% | 22.9% | ||
| Q3 24 | 10.4% | 23.4% | ||
| Q2 24 | 9.6% | 23.2% |
净利率CNMVLTO
| Q1 26 | — | 17.9% | ||
| Q4 25 | 6.6% | 17.0% | ||
| Q3 25 | 6.4% | 16.2% | ||
| Q2 25 | 5.2% | 16.9% | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 6.5% | 16.9% | ||
| Q3 24 | 6.1% | 16.7% | ||
| Q2 24 | 5.5% | 15.8% |
每股收益（稀释后）CNMVLTO
| Q1 26 | — | $1.02 | ||
| Q4 25 | $0.72 | $0.95 | ||
| Q3 25 | $0.70 | $0.89 | ||
| Q2 25 | $0.52 | $0.90 | ||
| Q1 25 | $0.34 | — | ||
| Q4 24 | $0.69 | $0.91 | ||
| Q3 24 | $0.61 | $0.88 | ||
| Q2 24 | $0.49 | $0.81 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | — |
| 总资产 | $6.3B | — |
| 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CNMVLTO
| Q1 26 | — | — | ||
| Q4 25 | $89.0M | $1.8B | ||
| Q3 25 | $25.0M | $1.6B | ||
| Q2 25 | $8.0M | $1.2B | ||
| Q1 25 | $8.0M | — | ||
| Q4 24 | $10.0M | $1.1B | ||
| Q3 24 | $13.0M | $1.3B | ||
| Q2 24 | $30.0M | $1.0B |
总债务CNMVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B |
股东权益CNMVLTO
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $2.8B | ||
| Q3 25 | $1.9B | $2.7B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $2.0B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.6B | $1.7B |
总资产CNMVLTO
| Q1 26 | — | — | ||
| Q4 25 | $6.3B | $7.4B | ||
| Q3 25 | $6.3B | $7.2B | ||
| Q2 25 | $6.3B | $6.6B | ||
| Q1 25 | $5.9B | — | ||
| Q4 24 | $6.2B | $6.4B | ||
| Q3 24 | $6.1B | $6.3B | ||
| Q2 24 | $6.0B | $5.9B |
负债/权益比CNMVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 1.57× |
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 | $182.0M |
| 自由现金流经营现金流 - 资本支出 | $263.0M | $170.0M |
| 自由现金流率自由现金流/营收 | 12.8% | 12.0% |
| 资本支出强度资本支出/营收 | 0.4% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.98× | 0.72× |
| 过去12个月自由现金流最近4个季度 | $575.0M | $893.0M |
8季度趋势，按日历期对齐
经营现金流CNMVLTO
| Q1 26 | — | $182.0M | ||
| Q4 25 | $271.0M | $270.0M | ||
| Q3 25 | $34.0M | $339.0M | ||
| Q2 25 | $77.0M | $157.0M | ||
| Q1 25 | $235.0M | — | ||
| Q4 24 | $260.0M | $285.0M | ||
| Q3 24 | $48.0M | $224.0M | ||
| Q2 24 | $78.0M | $251.0M |
自由现金流CNMVLTO
| Q1 26 | — | $170.0M | ||
| Q4 25 | $263.0M | $258.0M | ||
| Q3 25 | $24.0M | $323.0M | ||
| Q2 25 | $64.0M | $142.0M | ||
| Q1 25 | $224.0M | — | ||
| Q4 24 | $252.0M | $263.0M | ||
| Q3 24 | $39.0M | $215.0M | ||
| Q2 24 | $71.0M | $240.0M |
自由现金流率CNMVLTO
| Q1 26 | — | 12.0% | ||
| Q4 25 | 12.8% | 18.4% | ||
| Q3 25 | 1.1% | 23.6% | ||
| Q2 25 | 3.3% | 10.7% | ||
| Q1 25 | 13.2% | — | ||
| Q4 24 | 12.4% | 19.6% | ||
| Q3 24 | 2.0% | 16.4% | ||
| Q2 24 | 4.1% | 18.6% |
资本支出强度CNMVLTO
| Q1 26 | — | 0.8% | ||
| Q4 25 | 0.4% | 0.9% | ||
| Q3 25 | 0.5% | 1.2% | ||
| Q2 25 | 0.7% | 1.1% | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.4% | 1.6% | ||
| Q3 24 | 0.5% | 0.7% | ||
| Q2 24 | 0.4% | 0.9% |
现金转化率CNMVLTO
| Q1 26 | — | 0.72× | ||
| Q4 25 | 1.98× | 1.13× | ||
| Q3 25 | 0.25× | 1.53× | ||
| Q2 25 | 0.77× | 0.70× | ||
| Q1 25 | 3.67× | — | ||
| Q4 24 | 1.95× | 1.26× | ||
| Q3 24 | 0.40× | 1.02× | ||
| Q2 24 | 0.82× | 1.24× |
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% |
VLTO
暂无分部数据
