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加拿大国家铁路（CP）与COMFORT SYSTEMS USA INC（FIX）财务数据对比。点击上方公司名可切换其他公司
加拿大国家铁路的季度营收约是COMFORT SYSTEMS USA INC的1.1倍（$2.8B vs $2.6B），加拿大国家铁路净利率更高（27.7% vs 12.5%，领先15.2%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs 1.3%），加拿大国家铁路自由现金流更多（$537.3M vs $402.4M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 5.6%）
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
CP vs FIX — 直观对比
营收规模更大
CP
是对方的1.1倍
$2.6B
营收增速更快
FIX
高出40.4%
1.3%
净利率更高
CP
高出15.2%
12.5%
自由现金流更多
CP
多$134.8M
$402.4M
两年增速更快
FIX
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $2.6B |
| 净利润 | $786.2M | $330.8M |
| 毛利率 | — | 25.5% |
| 营业利润率 | 41.4% | 16.1% |
| 净利率 | 27.7% | 12.5% |
| 营收同比 | 1.3% | 41.7% |
| 净利润同比 | -10.3% | 126.8% |
| 每股收益（稀释后） | — | $9.35 |
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CPFIX
| Q4 25 | $2.8B | $2.6B | ||
| Q3 25 | $2.7B | $2.5B | ||
| Q2 25 | $2.7B | $2.2B | ||
| Q1 25 | $2.8B | $1.8B | ||
| Q4 24 | $2.8B | $1.9B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $2.6B | $1.8B | ||
| Q1 24 | $2.5B | $1.5B |
净利润CPFIX
| Q4 25 | $786.2M | $330.8M | ||
| Q3 25 | $671.6M | $291.6M | ||
| Q2 25 | $900.8M | $230.8M | ||
| Q1 25 | $664.3M | $169.3M | ||
| Q4 24 | $876.7M | $145.9M | ||
| Q3 24 | $611.0M | $146.2M | ||
| Q2 24 | $660.6M | $134.0M | ||
| Q1 24 | $565.8M | $96.3M |
毛利率CPFIX
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 23.2% | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | 20.1% | ||
| Q1 24 | — | 19.3% |
营业利润率CPFIX
| Q4 25 | 41.4% | 16.1% | ||
| Q3 25 | 36.8% | 15.5% | ||
| Q2 25 | 36.6% | 13.8% | ||
| Q1 25 | 35.0% | 11.4% | ||
| Q4 24 | 40.6% | 12.1% | ||
| Q3 24 | 34.3% | 11.2% | ||
| Q2 24 | 35.4% | 10.2% | ||
| Q1 24 | 32.9% | 8.8% |
净利率CPFIX
| Q4 25 | 27.7% | 12.5% | ||
| Q3 25 | 25.3% | 11.9% | ||
| Q2 25 | 33.6% | 10.6% | ||
| Q1 25 | 24.2% | 9.2% | ||
| Q4 24 | 31.2% | 7.8% | ||
| Q3 24 | 23.9% | 8.1% | ||
| Q2 24 | 25.3% | 7.4% | ||
| Q1 24 | 22.2% | 6.3% |
每股收益（稀释后）CPFIX
| Q4 25 | — | $9.35 | ||
| Q3 25 | — | $8.25 | ||
| Q2 25 | — | $6.53 | ||
| Q1 25 | — | $4.75 | ||
| Q4 24 | — | $4.08 | ||
| Q3 24 | — | $4.09 | ||
| Q2 24 | — | $3.74 | ||
| Q1 24 | — | $2.69 |
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 | $134.3M | $981.9M |
| 总债务越低越好 | $14.6B | $145.2M |
| 股东权益账面价值 | $33.5B | $2.4B |
| 总资产 | $62.7B | $6.4B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资CPFIX
| Q4 25 | $134.3M | $981.9M | ||
| Q3 25 | $300.0M | $860.5M | ||
| Q2 25 | $583.3M | $331.7M | ||
| Q1 25 | $507.4M | $204.8M | ||
| Q4 24 | $539.5M | $549.9M | ||
| Q3 24 | $338.0M | $415.6M | ||
| Q2 24 | $406.6M | $199.4M | ||
| Q1 24 | $378.9M | $100.8M |
总债务CPFIX
| Q4 25 | $14.6B | $145.2M | ||
| Q3 25 | $15.8B | $136.0M | ||
| Q2 25 | $15.5B | $73.0M | ||
| Q1 25 | $15.4B | $67.8M | ||
| Q4 24 | $14.5B | $68.3M | ||
| Q3 24 | $13.7B | $62.3M | ||
| Q2 24 | $13.8B | $73.4M | ||
| Q1 24 | $13.7B | $77.0M |
股东权益CPFIX
| Q4 25 | $33.5B | $2.4B | ||
| Q3 25 | $33.4B | $2.2B | ||
| Q2 25 | $33.7B | $2.0B | ||
| Q1 25 | $35.2B | $1.8B | ||
| Q4 24 | $35.0B | $1.7B | ||
| Q3 24 | $32.2B | $1.6B | ||
| Q2 24 | $32.0B | $1.5B | ||
| Q1 24 | $31.3B | $1.4B |
总资产CPFIX
| Q4 25 | $62.7B | $6.4B | ||
| Q3 25 | $63.3B | $5.8B | ||
| Q2 25 | $62.2B | $5.1B | ||
| Q1 25 | $64.3B | $4.6B | ||
| Q4 24 | $64.1B | $4.7B | ||
| Q3 24 | $60.0B | $4.4B | ||
| Q2 24 | $60.4B | $4.2B | ||
| Q1 24 | $59.6B | $3.9B |
负债/权益比CPFIX
| Q4 25 | 0.43× | 0.06× | ||
| Q3 25 | 0.47× | 0.06× | ||
| Q2 25 | 0.46× | 0.04× | ||
| Q1 25 | 0.44× | 0.04× | ||
| Q4 24 | 0.41× | 0.04× | ||
| Q3 24 | 0.42× | 0.04× | ||
| Q2 24 | 0.43× | 0.05× | ||
| Q1 24 | 0.44× | 0.06× |
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 | $1.1B | $468.5M |
| 自由现金流经营现金流 - 资本支出 | $537.3M | $402.4M |
| 自由现金流率自由现金流/营收 | 18.9% | 15.2% |
| 资本支出强度资本支出/营收 | 20.2% | 2.5% |
| 现金转化率经营现金流/净利润 | 1.42× | 1.42× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $1.0B |
8季度趋势，按日历期对齐
经营现金流CPFIX
| Q4 25 | $1.1B | $468.5M | ||
| Q3 25 | $930.0M | $553.3M | ||
| Q2 25 | $989.1M | $252.5M | ||
| Q1 25 | $843.9M | $-88.0M | ||
| Q4 24 | $1.2B | $210.5M | ||
| Q3 24 | $928.6M | $302.2M | ||
| Q2 24 | $932.9M | $189.9M | ||
| Q1 24 | $741.0M | $146.6M |
自由现金流CPFIX
| Q4 25 | $537.3M | $402.4M | ||
| Q3 25 | $302.2M | $517.9M | ||
| Q2 25 | $446.8M | $221.2M | ||
| Q1 25 | $324.9M | $-110.2M | ||
| Q4 24 | $702.3M | $169.8M | ||
| Q3 24 | $382.5M | $280.1M | ||
| Q2 24 | $343.1M | $166.5M | ||
| Q1 24 | $356.2M | $121.6M |
自由现金流率CPFIX
| Q4 25 | 18.9% | 15.2% | ||
| Q3 25 | 11.4% | 21.1% | ||
| Q2 25 | 16.7% | 10.2% | ||
| Q1 25 | 11.8% | -6.0% | ||
| Q4 24 | 25.0% | 9.1% | ||
| Q3 24 | 15.0% | 15.5% | ||
| Q2 24 | 13.1% | 9.2% | ||
| Q1 24 | 14.0% | 7.9% |
资本支出强度CPFIX
| Q4 25 | 20.2% | 2.5% | ||
| Q3 25 | 23.7% | 1.4% | ||
| Q2 25 | 20.2% | 1.4% | ||
| Q1 25 | 18.9% | 1.2% | ||
| Q4 24 | 19.3% | 2.2% | ||
| Q3 24 | 21.4% | 1.2% | ||
| Q2 24 | 22.6% | 1.3% | ||
| Q1 24 | 15.1% | 1.6% |
现金转化率CPFIX
| Q4 25 | 1.42× | 1.42× | ||
| Q3 25 | 1.38× | 1.90× | ||
| Q2 25 | 1.10× | 1.09× | ||
| Q1 25 | 1.27× | -0.52× | ||
| Q4 24 | 1.42× | 1.44× | ||
| Q3 24 | 1.52× | 2.07× | ||
| Q2 24 | 1.41× | 1.42× | ||
| Q1 24 | 1.31× | 1.52× |
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
CP
暂无分部数据
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
