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加拿大国家铁路（CP）与标普全球（VG）财务数据对比。点击上方公司名可切换其他公司
标普全球的季度营收约是加拿大国家铁路的1.6倍（$4.4B vs $2.8B），加拿大国家铁路净利率更高（27.7% vs 26.8%，领先0.9%），标普全球同比增速更快（191.7% vs 1.3%），加拿大国家铁路自由现金流更多（$537.3M vs $-1.5B），过去两年标普全球的营收复合增速更高（77.3% 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。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
CP vs VG — 直观对比
营收规模更大
VG
是对方的1.6倍
$2.8B
营收增速更快
VG
高出190.4%
1.3%
净利率更高
CP
高出0.9%
26.8%
自由现金流更多
CP
多$2.1B
$-1.5B
两年增速更快
VG
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $4.4B |
| 净利润 | $786.2M | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | 41.4% | 38.7% |
| 净利率 | 27.7% | 26.8% |
| 营收同比 | 1.3% | 191.7% |
| 净利润同比 | -10.3% | 20.3% |
| 每股收益（稀释后） | — | $0.41 |
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CPVG
| Q4 25 | $2.8B | $4.4B | ||
| Q3 25 | $2.7B | $3.3B | ||
| Q2 25 | $2.7B | $3.1B | ||
| Q1 25 | $2.8B | $2.9B | ||
| Q4 24 | $2.8B | $1.5B | ||
| Q3 24 | $2.6B | $926.0M | ||
| Q2 24 | $2.6B | $1.1B | ||
| Q1 24 | $2.5B | $1.4B |
净利润CPVG
| Q4 25 | $786.2M | $1.2B | ||
| Q3 25 | $671.6M | $550.0M | ||
| Q2 25 | $900.8M | $475.0M | ||
| Q1 25 | $664.3M | $517.0M | ||
| Q4 24 | $876.7M | $990.0M | ||
| Q3 24 | $611.0M | $-294.0M | ||
| Q2 24 | $660.6M | $352.0M | ||
| Q1 24 | $565.8M | $698.0M |
营业利润率CPVG
| Q4 25 | 41.4% | 38.7% | ||
| Q3 25 | 36.8% | 39.7% | ||
| Q2 25 | 36.6% | 33.5% | ||
| Q1 25 | 35.0% | 37.3% | ||
| Q4 24 | 40.6% | 39.0% | ||
| Q3 24 | 34.3% | 20.4% | ||
| Q2 24 | 35.4% | 32.8% | ||
| Q1 24 | 32.9% | 43.6% |
净利率CPVG
| Q4 25 | 27.7% | 26.8% | ||
| Q3 25 | 25.3% | 16.5% | ||
| Q2 25 | 33.6% | 15.3% | ||
| Q1 25 | 24.2% | 17.9% | ||
| Q4 24 | 31.2% | 65.0% | ||
| Q3 24 | 23.9% | -31.7% | ||
| Q2 24 | 25.3% | 31.8% | ||
| Q1 24 | 22.2% | 49.4% |
每股收益（稀释后）CPVG
| Q4 25 | — | $0.41 | ||
| Q3 25 | — | $0.16 | ||
| Q2 25 | — | $0.14 | ||
| Q1 25 | — | $0.15 | ||
| Q4 24 | — | $0.35 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | — | $0.25 |
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 | $2.4B |
| 总债务越低越好 | $14.6B | $34.2B |
| 股东权益账面价值 | $33.5B | $6.7B |
| 总资产 | $62.7B | $53.4B |
| 负债/权益比越低杠杆越低 | 0.43× | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资CPVG
| Q4 25 | $134.3M | $2.4B | ||
| Q3 25 | $300.0M | $1.9B | ||
| Q2 25 | $583.3M | $2.2B | ||
| Q1 25 | $507.4M | $3.6B | ||
| Q4 24 | $539.5M | $3.6B | ||
| Q3 24 | $338.0M | — | ||
| Q2 24 | $406.6M | — | ||
| Q1 24 | $378.9M | — |
总债务CPVG
| Q4 25 | $14.6B | $34.2B | ||
| Q3 25 | $15.8B | $32.6B | ||
| Q2 25 | $15.5B | $30.0B | ||
| Q1 25 | $15.4B | $29.3B | ||
| Q4 24 | $14.5B | $29.3B | ||
| Q3 24 | $13.7B | — | ||
| Q2 24 | $13.8B | — | ||
| Q1 24 | $13.7B | — |
股东权益CPVG
| Q4 25 | $33.5B | $6.7B | ||
| Q3 25 | $33.4B | $5.7B | ||
| Q2 25 | $33.7B | $5.3B | ||
| Q1 25 | $35.2B | $4.9B | ||
| Q4 24 | $35.0B | $2.9B | ||
| Q3 24 | $32.2B | — | ||
| Q2 24 | $32.0B | — | ||
| Q1 24 | $31.3B | — |
总资产CPVG
| Q4 25 | $62.7B | $53.4B | ||
| Q3 25 | $63.3B | $50.1B | ||
| Q2 25 | $62.2B | $46.5B | ||
| Q1 25 | $64.3B | $45.1B | ||
| Q4 24 | $64.1B | $43.5B | ||
| Q3 24 | $60.0B | — | ||
| Q2 24 | $60.4B | — | ||
| Q1 24 | $59.6B | — |
负债/权益比CPVG
| Q4 25 | 0.43× | 5.07× | ||
| Q3 25 | 0.47× | 5.73× | ||
| Q2 25 | 0.46× | 5.69× | ||
| Q1 25 | 0.44× | 6.01× | ||
| Q4 24 | 0.41× | 10.11× | ||
| 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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $537.3M | $-1.5B |
| 自由现金流率自由现金流/营收 | 18.9% | -34.1% |
| 资本支出强度资本支出/营收 | 20.2% | 81.6% |
| 现金转化率经营现金流/净利润 | 1.42× | 1.77× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $-6.8B |
8季度趋势，按日历期对齐
经营现金流CPVG
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $930.0M | $1.9B | ||
| Q2 25 | $989.1M | $1.5B | ||
| Q1 25 | $843.9M | $1.1B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $928.6M | — | ||
| Q2 24 | $932.9M | — | ||
| Q1 24 | $741.0M | $638.0M |
自由现金流CPVG
| Q4 25 | $537.3M | $-1.5B | ||
| Q3 25 | $302.2M | $-1.4B | ||
| Q2 25 | $446.8M | $-1.5B | ||
| Q1 25 | $324.9M | $-2.4B | ||
| Q4 24 | $702.3M | — | ||
| Q3 24 | $382.5M | — | ||
| Q2 24 | $343.1M | — | ||
| Q1 24 | $356.2M | $-2.4B |
自由现金流率CPVG
| Q4 25 | 18.9% | -34.1% | ||
| Q3 25 | 11.4% | -42.4% | ||
| Q2 25 | 16.7% | -49.1% | ||
| Q1 25 | 11.8% | -81.3% | ||
| Q4 24 | 25.0% | — | ||
| Q3 24 | 15.0% | — | ||
| Q2 24 | 13.1% | — | ||
| Q1 24 | 14.0% | -167.3% |
资本支出强度CPVG
| Q4 25 | 20.2% | 81.6% | ||
| Q3 25 | 23.7% | 98.9% | ||
| Q2 25 | 20.2% | 96.1% | ||
| Q1 25 | 18.9% | 119.8% | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 22.6% | — | ||
| Q1 24 | 15.1% | 212.4% |
现金转化率CPVG
| Q4 25 | 1.42× | 1.77× | ||
| Q3 25 | 1.38× | 3.42× | ||
| Q2 25 | 1.10× | 3.07× | ||
| Q1 25 | 1.27× | 2.15× | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | 1.31× | 0.91× |
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
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
