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Core & Main, Inc.（CNM）与沃茨水工业（WTS）财务数据对比。点击上方公司名可切换其他公司
Core & Main, Inc.的季度营收约是沃茨水工业的3.3倍（$2.1B vs $625.1M），沃茨水工业净利率更高（13.4% vs 6.6%，领先6.7%），沃茨水工业同比增速更快（15.7% vs 0.0%），Core & Main, Inc.自由现金流更多（$263.0M vs $140.3M），过去两年Core & Main, Inc.的营收复合增速更高（19.7% vs 4.6%）
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。
沃茨水工业旗下AERCO是暖通管道领域的商用冷凝锅炉、高效热水设备及能量回收系统供应商，服务覆盖教育、住宿、政府、办公楼、医疗、工业、多户型住宅等多元市场，1949年推出行业首款半即热式无罐蒸汽热水器，1988年推出首款冷凝全调制设备。
CNM vs WTS — 直观对比
营收规模更大
CNM
是对方的3.3倍
$625.1M
营收增速更快
WTS
高出15.7%
0.0%
净利率更高
WTS
高出6.7%
6.6%
自由现金流更多
CNM
多$122.7M
$140.3M
两年增速更快
CNM
近两年复合增速
4.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $625.1M |
| 净利润 | $137.0M | $83.7M |
| 毛利率 | 27.2% | 49.5% |
| 营业利润率 | 10.7% | 18.2% |
| 净利率 | 6.6% | 13.4% |
| 营收同比 | 0.0% | 15.7% |
| 净利润同比 | 0.0% | 24.0% |
| 每股收益（稀释后） | $0.72 | $2.50 |
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CNMWTS
| Q4 25 | $2.1B | $625.1M | ||
| Q3 25 | $2.1B | $611.7M | ||
| Q2 25 | $1.9B | $643.7M | ||
| Q1 25 | $1.7B | $558.0M | ||
| Q4 24 | $2.0B | $540.4M | ||
| Q3 24 | $2.0B | $543.6M | ||
| Q2 24 | $1.7B | $597.3M | ||
| Q1 24 | $1.4B | $570.9M |
净利润CNMWTS
| Q4 25 | $137.0M | $83.7M | ||
| Q3 25 | $134.0M | $82.2M | ||
| Q2 25 | $100.0M | $100.9M | ||
| Q1 25 | $64.0M | $74.0M | ||
| Q4 24 | $133.0M | $67.5M | ||
| Q3 24 | $119.0M | $69.1M | ||
| Q2 24 | $95.0M | $82.0M | ||
| Q1 24 | $63.0M | $72.6M |
毛利率CNMWTS
| Q4 25 | 27.2% | 49.5% | ||
| Q3 25 | 26.8% | 48.8% | ||
| Q2 25 | 26.7% | 50.6% | ||
| Q1 25 | 26.6% | 48.8% | ||
| Q4 24 | 26.6% | 46.7% | ||
| Q3 24 | 26.4% | 47.3% | ||
| Q2 24 | 26.9% | 47.7% | ||
| Q1 24 | 26.7% | 46.9% |
营业利润率CNMWTS
| Q4 25 | 10.7% | 18.2% | ||
| Q3 25 | 10.2% | 18.2% | ||
| Q2 25 | 8.9% | 21.0% | ||
| Q1 25 | 7.3% | 15.7% | ||
| Q4 24 | 10.9% | 16.5% | ||
| Q3 24 | 10.4% | 17.1% | ||
| Q2 24 | 9.6% | 18.7% | ||
| Q1 24 | 8.1% | 16.9% |
净利率CNMWTS
| Q4 25 | 6.6% | 13.4% | ||
| Q3 25 | 6.4% | 13.4% | ||
| Q2 25 | 5.2% | 15.7% | ||
| Q1 25 | 3.8% | 13.3% | ||
| Q4 24 | 6.5% | 12.5% | ||
| Q3 24 | 6.1% | 12.7% | ||
| Q2 24 | 5.5% | 13.7% | ||
| Q1 24 | 4.4% | 12.7% |
每股收益（稀释后）CNMWTS
| Q4 25 | $0.72 | $2.50 | ||
| Q3 25 | $0.70 | $2.45 | ||
| Q2 25 | $0.52 | $3.01 | ||
| Q1 25 | $0.34 | $2.21 | ||
| Q4 24 | $0.69 | $2.02 | ||
| Q3 24 | $0.61 | $2.06 | ||
| Q2 24 | $0.49 | $2.44 | ||
| Q1 24 | $0.34 | $2.17 |
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 | $405.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $2.0B |
| 总资产 | $6.3B | $2.9B |
| 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CNMWTS
| Q4 25 | $89.0M | $405.5M | ||
| Q3 25 | $25.0M | $457.7M | ||
| Q2 25 | $8.0M | $369.3M | ||
| Q1 25 | $8.0M | $336.8M | ||
| Q4 24 | $10.0M | $386.9M | ||
| Q3 24 | $13.0M | $303.9M | ||
| Q2 24 | $30.0M | $279.4M | ||
| Q1 24 | $1.0M | $237.1M |
股东权益CNMWTS
| Q4 25 | $2.0B | $2.0B | ||
| Q3 25 | $1.9B | $2.0B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $1.7B | $1.8B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.5B | $1.6B |
总资产CNMWTS
| Q4 25 | $6.3B | $2.9B | ||
| Q3 25 | $6.3B | $2.7B | ||
| Q2 25 | $6.3B | $2.6B | ||
| Q1 25 | $5.9B | $2.5B | ||
| Q4 24 | $6.2B | $2.4B | ||
| Q3 24 | $6.1B | $2.4B | ||
| Q2 24 | $6.0B | $2.4B | ||
| Q1 24 | $5.1B | $2.3B |
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 | $154.7M |
| 自由现金流经营现金流 - 资本支出 | $263.0M | $140.3M |
| 自由现金流率自由现金流/营收 | 12.8% | 22.4% |
| 资本支出强度资本支出/营收 | 0.4% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.85× |
| 过去12个月自由现金流最近4个季度 | $575.0M | $356.3M |
8季度趋势，按日历期对齐
经营现金流CNMWTS
| Q4 25 | $271.0M | $154.7M | ||
| Q3 25 | $34.0M | $122.4M | ||
| Q2 25 | $77.0M | $69.7M | ||
| Q1 25 | $235.0M | $55.2M | ||
| Q4 24 | $260.0M | $139.5M | ||
| Q3 24 | $48.0M | $90.7M | ||
| Q2 24 | $78.0M | $85.3M | ||
| Q1 24 | $294.0M | $45.6M |
自由现金流CNMWTS
| Q4 25 | $263.0M | $140.3M | ||
| Q3 25 | $24.0M | $110.9M | ||
| Q2 25 | $64.0M | $59.5M | ||
| Q1 25 | $224.0M | $45.6M | ||
| Q4 24 | $252.0M | $127.5M | ||
| Q3 24 | $39.0M | $84.3M | ||
| Q2 24 | $71.0M | $78.5M | ||
| Q1 24 | $289.0M | $35.5M |
自由现金流率CNMWTS
| Q4 25 | 12.8% | 22.4% | ||
| Q3 25 | 1.1% | 18.1% | ||
| Q2 25 | 3.3% | 9.2% | ||
| Q1 25 | 13.2% | 8.2% | ||
| Q4 24 | 12.4% | 23.6% | ||
| Q3 24 | 2.0% | 15.5% | ||
| Q2 24 | 4.1% | 13.1% | ||
| Q1 24 | 20.1% | 6.2% |
资本支出强度CNMWTS
| Q4 25 | 0.4% | 2.3% | ||
| Q3 25 | 0.5% | 1.9% | ||
| Q2 25 | 0.7% | 1.6% | ||
| Q1 25 | 0.6% | 1.7% | ||
| Q4 24 | 0.4% | 2.2% | ||
| Q3 24 | 0.5% | 1.2% | ||
| Q2 24 | 0.4% | 1.1% | ||
| Q1 24 | 0.3% | 1.8% |
现金转化率CNMWTS
| Q4 25 | 1.98× | 1.85× | ||
| Q3 25 | 0.25× | 1.49× | ||
| Q2 25 | 0.77× | 0.69× | ||
| Q1 25 | 3.67× | 0.75× | ||
| Q4 24 | 1.95× | 2.07× | ||
| Q3 24 | 0.40× | 1.31× | ||
| Q2 24 | 0.82× | 1.04× | ||
| Q1 24 | 4.67× | 0.63× |
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% |
WTS
暂无分部数据
