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CSX Corporation（CSX）与Steel Dynamics（STLD）财务数据对比。点击上方公司名可切换其他公司
Steel Dynamics的季度营收约是CSX Corporation的1.5倍（$5.2B vs $3.5B），CSX Corporation净利率更高（23.2% vs 7.7%，领先15.5%），Steel Dynamics同比增速更快（17.9% vs 1.7%），过去两年Steel Dynamics的营收复合增速更高（6.0% 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。
Steel Dynamics是总部位于美国印第安纳州韦恩堡的钢铁生产企业，钢铁产能达1300万吨，为美国第三大碳钢产品生产商，按利润率及每吨运营利润率计算属于美国盈利能力最强的钢企之一，凭借2021年营收位列2022年财富美国500强第196位。
CSX vs STLD — 直观对比
营收规模更大
STLD
是对方的1.5倍
$3.5B
营收增速更快
STLD
高出16.2%
1.7%
净利率更高
CSX
高出15.5%
7.7%
两年增速更快
STLD
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $5.2B |
| 净利润 | $807.0M | $400.1M |
| 毛利率 | — | 14.7% |
| 营业利润率 | 36.0% | 10.3% |
| 净利率 | 23.2% | 7.7% |
| 营收同比 | 1.7% | 17.9% |
| 净利润同比 | 24.9% | 51.3% |
| 每股收益（稀释后） | — | $2.78 |
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CSXSTLD
| Q1 26 | $3.5B | $5.2B | ||
| Q4 25 | $3.5B | $4.4B | ||
| Q3 25 | $3.6B | $4.8B | ||
| Q2 25 | $3.6B | $4.6B | ||
| Q1 25 | $3.4B | $4.4B | ||
| Q4 24 | $3.5B | $3.9B | ||
| Q3 24 | $3.6B | $4.3B | ||
| Q2 24 | $3.7B | $4.6B |
净利润CSXSTLD
| Q1 26 | $807.0M | $400.1M | ||
| Q4 25 | $720.0M | $266.0M | ||
| Q3 25 | $694.0M | $403.7M | ||
| Q2 25 | $829.0M | $298.7M | ||
| Q1 25 | $646.0M | $217.2M | ||
| Q4 24 | $720.0M | $207.3M | ||
| Q3 24 | $894.0M | $317.8M | ||
| Q2 24 | $963.0M | $428.0M |
毛利率CSXSTLD
| Q1 26 | — | 14.7% | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | — | 16.7% |
营业利润率CSXSTLD
| Q1 26 | 36.0% | 10.3% | ||
| Q4 25 | 31.6% | 7.0% | ||
| Q3 25 | 30.3% | 10.5% | ||
| Q2 25 | 35.9% | 8.4% | ||
| Q1 25 | 30.4% | 6.3% | ||
| Q4 24 | 30.8% | 6.1% | ||
| Q3 24 | 37.4% | 9.1% | ||
| Q2 24 | 39.1% | 12.1% |
净利率CSXSTLD
| Q1 26 | 23.2% | 7.7% | ||
| Q4 25 | 20.5% | 6.0% | ||
| Q3 25 | 19.3% | 8.4% | ||
| Q2 25 | 23.2% | 6.5% | ||
| Q1 25 | 18.9% | 5.0% | ||
| Q4 24 | 20.3% | 5.4% | ||
| Q3 24 | 24.7% | 7.3% | ||
| Q2 24 | 26.0% | 9.2% |
每股收益（稀释后）CSXSTLD
| Q1 26 | — | $2.78 | ||
| Q4 25 | $0.39 | $1.80 | ||
| Q3 25 | $0.37 | $2.74 | ||
| Q2 25 | $0.44 | $2.01 | ||
| Q1 25 | $0.34 | $1.44 | ||
| Q4 24 | $0.38 | $1.40 | ||
| Q3 24 | $0.46 | $2.05 | ||
| Q2 24 | $0.49 | $2.72 |
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 | $556.5M |
| 总债务越低越好 | $18.9B | $4.2B |
| 股东权益账面价值 | $13.6B | $9.0B |
| 总资产 | $44.2B | $16.7B |
| 负债/权益比越低杠杆越低 | 1.39× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资CSXSTLD
| Q1 26 | $1.1B | $556.5M | ||
| Q4 25 | $5.0M | $769.9M | ||
| Q3 25 | $6.0M | $770.4M | ||
| Q2 25 | $6.0M | $497.6M | ||
| Q1 25 | $8.0M | $1.2B | ||
| Q4 24 | $72.0M | $737.3M | ||
| Q3 24 | $12.0M | $1.7B | ||
| Q2 24 | $4.0M | $1.2B |
总债务CSXSTLD
| Q1 26 | $18.9B | $4.2B | ||
| Q4 25 | $18.2B | $4.2B | ||
| Q3 25 | $18.6B | $3.8B | ||
| Q2 25 | $18.6B | $3.8B | ||
| Q1 25 | $18.5B | $4.2B | ||
| Q4 24 | $17.9B | $3.2B | ||
| Q3 24 | $18.5B | $3.7B | ||
| Q2 24 | $18.0B | $3.1B |
股东权益CSXSTLD
| Q1 26 | $13.6B | $9.0B | ||
| Q4 25 | $13.2B | $9.0B | ||
| Q3 25 | $12.8B | $9.0B | ||
| Q2 25 | $12.4B | $8.9B | ||
| Q1 25 | $12.2B | $8.8B | ||
| Q4 24 | $12.5B | $8.9B | ||
| Q3 24 | $12.9B | $9.1B | ||
| Q2 24 | $12.6B | $9.1B |
总资产CSXSTLD
| Q1 26 | $44.2B | $16.7B | ||
| Q4 25 | $43.7B | $16.4B | ||
| Q3 25 | $43.3B | $16.0B | ||
| Q2 25 | $42.9B | $15.5B | ||
| Q1 25 | $43.2B | $15.9B | ||
| Q4 24 | $42.8B | $14.9B | ||
| Q3 24 | $43.1B | $15.7B | ||
| Q2 24 | $42.4B | $15.1B |
负债/权益比CSXSTLD
| Q1 26 | 1.39× | 0.47× | ||
| Q4 25 | 1.38× | 0.47× | ||
| Q3 25 | 1.45× | 0.42× | ||
| Q2 25 | 1.50× | 0.43× | ||
| Q1 25 | 1.52× | 0.48× | ||
| Q4 24 | 1.43× | 0.36× | ||
| Q3 24 | 1.43× | 0.41× | ||
| Q2 24 | 1.42× | 0.34× |
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 | $148.3M |
| 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× | 0.37× |
| 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CSXSTLD
| Q1 26 | $1.3B | $148.3M | ||
| Q4 25 | $1.4B | $272.7M | ||
| Q3 25 | $1.3B | $722.6M | ||
| Q2 25 | $635.0M | $301.6M | ||
| Q1 25 | $1.3B | $152.6M | ||
| Q4 24 | $1.4B | $346.9M | ||
| Q3 24 | $1.7B | $759.9M | ||
| Q2 24 | $1.1B | $382.6M |
自由现金流CSXSTLD
| Q1 26 | $793.0M | — | ||
| Q4 25 | $709.0M | $84.2M | ||
| Q3 25 | $607.0M | $556.9M | ||
| Q2 25 | $-141.0M | $13.3M | ||
| Q1 25 | $536.0M | $-152.9M | ||
| Q4 24 | $550.0M | $-106.3M | ||
| Q3 24 | $1.1B | $138.5M | ||
| Q2 24 | $547.0M | $-36.6M |
自由现金流率CSXSTLD
| Q1 26 | 22.8% | — | ||
| Q4 25 | 20.2% | 1.9% | ||
| Q3 25 | 16.9% | 11.5% | ||
| Q2 25 | -3.9% | 0.3% | ||
| Q1 25 | 15.7% | -3.5% | ||
| Q4 24 | 15.5% | -2.7% | ||
| Q3 24 | 29.3% | 3.2% | ||
| Q2 24 | 14.8% | -0.8% |
资本支出强度CSXSTLD
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | 4.3% | ||
| Q3 25 | 20.4% | 3.4% | ||
| Q2 25 | 21.7% | 6.3% | ||
| Q1 25 | 21.0% | 7.0% | ||
| Q4 24 | 23.7% | 11.7% | ||
| Q3 24 | 17.3% | 14.3% | ||
| Q2 24 | 14.6% | 9.0% |
现金转化率CSXSTLD
| Q1 26 | 1.58× | 0.37× | ||
| Q4 25 | 1.93× | 1.03× | ||
| Q3 25 | 1.93× | 1.79× | ||
| Q2 25 | 0.77× | 1.01× | ||
| Q1 25 | 1.94× | 0.70× | ||
| Q4 24 | 1.93× | 1.67× | ||
| Q3 24 | 1.89× | 2.39× | ||
| Q2 24 | 1.13× | 0.89× |
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
CSX
暂无分部数据
STLD
| Steel | $3.5B | 68% |
| Metals Recycling | $593.2M | 11% |
| Other | $490.1M | 9% |
| Steel Fabrication | $355.4M | 7% |
| Aluminum | $227.4M | 4% |
