vs
CSX Corporation（CSX）与M&T Bank（MTB）财务数据对比。点击上方公司名可切换其他公司
CSX Corporation的季度营收约是M&T Bank的1.4倍（$3.5B vs $2.5B），M&T Bank净利率更高（30.7% vs 23.2%，领先7.5%），M&T Bank同比增速更快（3.8% vs 1.7%），过去两年M&T Bank的营收复合增速更高（4.6% vs -3.0%）
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
M&T银行是总部位于美国纽约州布法罗的银行控股企业，业务覆盖美国东部从缅因州到弗吉尼亚州的12个州及华盛顿特区，运营超过950家线下网点。其控股主体1998年5月前名为第一帝国州公司，之后更为现名。
CSX vs MTB — 直观对比
营收规模更大
CSX
是对方的1.4倍
$2.5B
营收增速更快
MTB
高出2.0%
1.7%
净利率更高
MTB
高出7.5%
23.2%
两年增速更快
MTB
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $2.5B |
| 净利润 | $807.0M | $759.0M |
| 毛利率 | — | — |
| 营业利润率 | 29.9% | 39.2% |
| 净利率 | 23.2% | 30.7% |
| 营收同比 | 1.7% | 3.8% |
| 净利润同比 | 401.2% | 11.5% |
| 每股收益（稀释后） | — | $4.62 |
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CSXMTB
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $2.5B | ||
| Q3 25 | $3.6B | $2.5B | ||
| Q2 25 | $3.6B | $2.4B | ||
| Q1 25 | $3.4B | $2.3B | ||
| Q4 24 | $3.5B | $2.4B | ||
| Q3 24 | $3.6B | $2.3B | ||
| Q2 24 | $3.7B | $2.3B |
净利润CSXMTB
| Q1 26 | $807.0M | — | ||
| Q4 25 | $720.0M | $759.0M | ||
| Q3 25 | $694.0M | $792.0M | ||
| Q2 25 | $829.0M | $716.0M | ||
| Q1 25 | $646.0M | $584.0M | ||
| Q4 24 | $720.0M | $681.0M | ||
| Q3 24 | $894.0M | $721.0M | ||
| Q2 24 | $963.0M | $655.0M |
营业利润率CSXMTB
| Q1 26 | 29.9% | — | ||
| Q4 25 | 31.6% | 39.2% | ||
| Q3 25 | 30.3% | 40.8% | ||
| Q2 25 | 35.9% | 39.0% | ||
| Q1 25 | 30.4% | 33.0% | ||
| Q4 24 | 30.8% | 37.0% | ||
| Q3 24 | 37.4% | 39.0% | ||
| Q2 24 | 39.1% | 37.1% |
净利率CSXMTB
| Q1 26 | 23.2% | — | ||
| Q4 25 | 20.5% | 30.7% | ||
| Q3 25 | 19.3% | 31.5% | ||
| Q2 25 | 23.2% | 29.9% | ||
| Q1 25 | 18.9% | 25.3% | ||
| Q4 24 | 20.3% | 28.6% | ||
| Q3 24 | 24.7% | 30.9% | ||
| Q2 24 | 26.0% | 28.5% |
每股收益（稀释后）CSXMTB
| Q1 26 | — | — | ||
| Q4 25 | $0.39 | $4.62 | ||
| Q3 25 | $0.37 | $4.82 | ||
| Q2 25 | $0.44 | $4.24 | ||
| Q1 25 | $0.34 | $3.32 | ||
| Q4 24 | $0.38 | $3.87 | ||
| Q3 24 | $0.46 | $4.02 | ||
| Q2 24 | $0.49 | $3.73 |
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 | $1.1B | — |
| 总债务越低越好 | $18.9B | $10.9B |
| 股东权益账面价值 | $13.6B | $29.2B |
| 总资产 | $44.2B | $213.5B |
| 负债/权益比越低杠杆越低 | 1.39× | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资CSXMTB
| Q1 26 | $1.1B | — | ||
| Q4 25 | $5.0M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $8.0M | — | ||
| Q4 24 | $72.0M | — | ||
| Q3 24 | $12.0M | — | ||
| Q2 24 | $4.0M | — |
总债务CSXMTB
| Q1 26 | $18.9B | — | ||
| Q4 25 | $18.2B | $10.9B | ||
| Q3 25 | $18.6B | $12.9B | ||
| Q2 25 | $18.6B | $12.4B | ||
| Q1 25 | $18.5B | $10.5B | ||
| Q4 24 | $17.9B | $12.6B | ||
| Q3 24 | $18.5B | $11.6B | ||
| Q2 24 | $18.0B | $11.3B |
股东权益CSXMTB
| Q1 26 | $13.6B | — | ||
| Q4 25 | $13.2B | $29.2B | ||
| Q3 25 | $12.8B | $28.7B | ||
| Q2 25 | $12.4B | $28.5B | ||
| Q1 25 | $12.2B | $29.0B | ||
| Q4 24 | $12.5B | $29.0B | ||
| Q3 24 | $12.9B | $28.9B | ||
| Q2 24 | $12.6B | $28.4B |
总资产CSXMTB
| Q1 26 | $44.2B | — | ||
| Q4 25 | $43.7B | $213.5B | ||
| Q3 25 | $43.3B | $211.3B | ||
| Q2 25 | $42.9B | $211.6B | ||
| Q1 25 | $43.2B | $210.3B | ||
| Q4 24 | $42.8B | $208.1B | ||
| Q3 24 | $43.1B | $211.8B | ||
| Q2 24 | $42.4B | $208.9B |
负债/权益比CSXMTB
| Q1 26 | 1.39× | — | ||
| Q4 25 | 1.38× | 0.37× | ||
| Q3 25 | 1.45× | 0.45× | ||
| Q2 25 | 1.50× | 0.43× | ||
| Q1 25 | 1.52× | 0.36× | ||
| Q4 24 | 1.43× | 0.43× | ||
| Q3 24 | 1.43× | 0.40× | ||
| Q2 24 | 1.42× | 0.40× |
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 | $1.3B | $3.0B |
| 自由现金流经营现金流 - 资本支出 | $793.0M | — |
| 自由现金流率自由现金流/营收 | 22.8% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.58× | 3.96× |
| 过去12个月自由现金流最近4个季度 | $2.0B | — |
8季度趋势，按日历期对齐
经营现金流CSXMTB
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.4B | $3.0B | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $635.0M | $844.0M | ||
| Q1 25 | $1.3B | $635.0M | ||
| Q4 24 | $1.4B | $3.6B | ||
| Q3 24 | $1.7B | $-28.0M | ||
| Q2 24 | $1.1B | $1.4B |
自由现金流CSXMTB
| Q1 26 | $793.0M | — | ||
| Q4 25 | $709.0M | — | ||
| Q3 25 | $607.0M | — | ||
| Q2 25 | $-141.0M | — | ||
| Q1 25 | $536.0M | — | ||
| Q4 24 | $550.0M | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $547.0M | — |
自由现金流率CSXMTB
| Q1 26 | 22.8% | — | ||
| Q4 25 | 20.2% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | -3.9% | — | ||
| Q1 25 | 15.7% | — | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | 29.3% | — | ||
| Q2 24 | 14.8% | — |
资本支出强度CSXMTB
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | — | ||
| Q3 25 | 20.4% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.0% | — | ||
| Q4 24 | 23.7% | — | ||
| Q3 24 | 17.3% | — | ||
| Q2 24 | 14.6% | — |
现金转化率CSXMTB
| Q1 26 | 1.58× | — | ||
| Q4 25 | 1.93× | 3.96× | ||
| Q3 25 | 1.93× | 1.26× | ||
| Q2 25 | 0.77× | 1.18× | ||
| Q1 25 | 1.94× | 1.09× | ||
| Q4 24 | 1.93× | 5.30× | ||
| Q3 24 | 1.89× | -0.04× | ||
| Q2 24 | 1.13× | 2.07× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
