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加拿大国家铁路（CP）与RELIANCE, INC.（RS）财务数据对比。点击上方公司名可切换其他公司
RELIANCE, INC.的季度营收约是加拿大国家铁路的1.2倍（$3.5B vs $2.8B），加拿大国家铁路净利率更高（27.7% vs 3.3%，领先24.3%），RELIANCE, INC.同比增速更快（11.9% vs 1.3%），加拿大国家铁路自由现金流更多（$537.3M vs $202.9M），过去两年加拿大国家铁路的营收复合增速更高（5.6% vs -2.0%）
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。
Reliance, Inc.总部位于美国亚利桑那州斯科茨代尔，是北美规模最大的金属服务中心运营商。公司为12.5万家制造商、加工厂等客户提供金属加工服务，经销铝、黄铜、合金、铜、碳钢、不锈钢、钛等约10万种金属及特种金属产品。
CP vs RS — 直观对比
营收规模更大
RS
是对方的1.2倍
$2.8B
营收增速更快
RS
高出10.6%
1.3%
净利率更高
CP
高出24.3%
3.3%
自由现金流更多
CP
多$334.4M
$202.9M
两年增速更快
CP
近两年复合增速
-2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $3.5B |
| 净利润 | $786.2M | $116.9M |
| 毛利率 | — | — |
| 营业利润率 | 41.4% | 4.8% |
| 净利率 | 27.7% | 3.3% |
| 营收同比 | 1.3% | 11.9% |
| 净利润同比 | -10.3% | 10.3% |
| 每股收益（稀释后） | — | $2.23 |
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CPRS
| Q4 25 | $2.8B | $3.5B | ||
| Q3 25 | $2.7B | $3.7B | ||
| Q2 25 | $2.7B | $3.7B | ||
| Q1 25 | $2.8B | $3.5B | ||
| Q4 24 | $2.8B | $3.1B | ||
| Q3 24 | $2.6B | $3.4B | ||
| Q2 24 | $2.6B | $3.6B | ||
| Q1 24 | $2.5B | $3.6B |
净利润CPRS
| Q4 25 | $786.2M | $116.9M | ||
| Q3 25 | $671.6M | $189.5M | ||
| Q2 25 | $900.8M | $234.2M | ||
| Q1 25 | $664.3M | $200.5M | ||
| Q4 24 | $876.7M | $106.0M | ||
| Q3 24 | $611.0M | $199.2M | ||
| Q2 24 | $660.6M | $268.3M | ||
| Q1 24 | $565.8M | $303.8M |
营业利润率CPRS
| Q4 25 | 41.4% | 4.8% | ||
| Q3 25 | 36.8% | 7.1% | ||
| Q2 25 | 36.6% | 8.5% | ||
| Q1 25 | 35.0% | 7.9% | ||
| Q4 24 | 40.6% | 4.5% | ||
| Q3 24 | 34.3% | 8.0% | ||
| Q2 24 | 35.4% | 9.7% | ||
| Q1 24 | 32.9% | 10.8% |
净利率CPRS
| Q4 25 | 27.7% | 3.3% | ||
| Q3 25 | 25.3% | 5.2% | ||
| Q2 25 | 33.6% | 6.4% | ||
| Q1 25 | 24.2% | 5.8% | ||
| Q4 24 | 31.2% | 3.4% | ||
| Q3 24 | 23.9% | 5.8% | ||
| Q2 24 | 25.3% | 7.4% | ||
| Q1 24 | 22.2% | 8.3% |
每股收益（稀释后）CPRS
| Q4 25 | — | $2.23 | ||
| Q3 25 | — | $3.59 | ||
| Q2 25 | — | $4.42 | ||
| Q1 25 | — | $3.74 | ||
| Q4 24 | — | $2.05 | ||
| Q3 24 | — | $3.61 | ||
| Q2 24 | — | $4.67 | ||
| Q1 24 | — | $5.23 |
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 | $216.6M |
| 总债务越低越好 | $14.6B | — |
| 股东权益账面价值 | $33.5B | $7.2B |
| 总资产 | $62.7B | $10.4B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资CPRS
| Q4 25 | $134.3M | $216.6M | ||
| Q3 25 | $300.0M | $261.2M | ||
| Q2 25 | $583.3M | $239.5M | ||
| Q1 25 | $507.4M | $277.8M | ||
| Q4 24 | $539.5M | $318.1M | ||
| Q3 24 | $338.0M | $314.6M | ||
| Q2 24 | $406.6M | $350.8M | ||
| Q1 24 | $378.9M | $934.9M |
总债务CPRS
| Q4 25 | $14.6B | — | ||
| Q3 25 | $15.8B | — | ||
| Q2 25 | $15.5B | — | ||
| Q1 25 | $15.4B | — | ||
| Q4 24 | $14.5B | — | ||
| Q3 24 | $13.7B | — | ||
| Q2 24 | $13.8B | — | ||
| Q1 24 | $13.7B | — |
股东权益CPRS
| Q4 25 | $33.5B | $7.2B | ||
| Q3 25 | $33.4B | $7.3B | ||
| Q2 25 | $33.7B | $7.2B | ||
| Q1 25 | $35.2B | $7.1B | ||
| Q4 24 | $35.0B | $7.2B | ||
| Q3 24 | $32.2B | $7.4B | ||
| Q2 24 | $32.0B | $7.6B | ||
| Q1 24 | $31.3B | $7.9B |
总资产CPRS
| Q4 25 | $62.7B | $10.4B | ||
| Q3 25 | $63.3B | $10.5B | ||
| Q2 25 | $62.2B | $10.5B | ||
| Q1 25 | $64.3B | $10.4B | ||
| Q4 24 | $64.1B | $10.0B | ||
| Q3 24 | $60.0B | $10.3B | ||
| Q2 24 | $60.4B | $10.4B | ||
| Q1 24 | $59.6B | $10.7B |
负债/权益比CPRS
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.43× | — | ||
| Q1 24 | 0.44× | — |
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 | $276.1M |
| 自由现金流经营现金流 - 资本支出 | $537.3M | $202.9M |
| 自由现金流率自由现金流/营收 | 18.9% | 5.8% |
| 资本支出强度资本支出/营收 | 20.2% | 2.1% |
| 现金转化率经营现金流/净利润 | 1.42× | 2.36× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $502.5M |
8季度趋势，按日历期对齐
经营现金流CPRS
| Q4 25 | $1.1B | $276.1M | ||
| Q3 25 | $930.0M | $261.8M | ||
| Q2 25 | $989.1M | $229.0M | ||
| Q1 25 | $843.9M | $64.5M | ||
| Q4 24 | $1.2B | $473.3M | ||
| Q3 24 | $928.6M | $463.9M | ||
| Q2 24 | $932.9M | $366.3M | ||
| Q1 24 | $741.0M | $126.3M |
自由现金流CPRS
| Q4 25 | $537.3M | $202.9M | ||
| Q3 25 | $302.2M | $180.6M | ||
| Q2 25 | $446.8M | $141.4M | ||
| Q1 25 | $324.9M | $-22.4M | ||
| Q4 24 | $702.3M | $362.4M | ||
| Q3 24 | $382.5M | $351.1M | ||
| Q2 24 | $343.1M | $268.1M | ||
| Q1 24 | $356.2M | $17.6M |
自由现金流率CPRS
| Q4 25 | 18.9% | 5.8% | ||
| Q3 25 | 11.4% | 4.9% | ||
| Q2 25 | 16.7% | 3.9% | ||
| Q1 25 | 11.8% | -0.6% | ||
| Q4 24 | 25.0% | 11.6% | ||
| Q3 24 | 15.0% | 10.3% | ||
| Q2 24 | 13.1% | 7.4% | ||
| Q1 24 | 14.0% | 0.5% |
资本支出强度CPRS
| Q4 25 | 20.2% | 2.1% | ||
| Q3 25 | 23.7% | 2.2% | ||
| Q2 25 | 20.2% | 2.4% | ||
| Q1 25 | 18.9% | 2.5% | ||
| Q4 24 | 19.3% | 3.5% | ||
| Q3 24 | 21.4% | 3.3% | ||
| Q2 24 | 22.6% | 2.7% | ||
| Q1 24 | 15.1% | 3.0% |
现金转化率CPRS
| Q4 25 | 1.42× | 2.36× | ||
| Q3 25 | 1.38× | 1.38× | ||
| Q2 25 | 1.10× | 0.98× | ||
| Q1 25 | 1.27× | 0.32× | ||
| Q4 24 | 1.42× | 4.47× | ||
| Q3 24 | 1.52× | 2.33× | ||
| Q2 24 | 1.41× | 1.37× | ||
| Q1 24 | 1.31× | 0.42× |
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
RS
| Carbon Steel | $1.9B | 55% |
| Aluminum | $624.5M | 18% |
| Stainless Steel | $467.1M | 13% |
| Alloy Steel | $155.5M | 4% |
| Toll Processing | $155.3M | 4% |
| Copper And Brass | $93.5M | 3% |
| Other Products Or Services | $80.4M | 2% |
