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Cintas（CTAS）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Cintas的1.9倍（$5.2B vs $2.8B），Cintas净利率更高（17.7% vs 7.7%，领先10.0%），Steel Dynamics同比增速更快（17.9% vs 9.3%），过去两年Cintas的营收复合增速更高（7.9% vs 6.0%）
美国Cintas公司总部位于俄亥俄州梅森市，面向各类企业客户提供制服、地垫、拖把、清洁及卫浴用品、急救安全产品、灭火器检测服务、安全培训课程等多元产品及服务，在纳斯达克全球精选市场上市，股票代码CTAS，是标普500指数成分股。
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。
CTAS vs STLD — 直观对比
营收规模更大
STLD
是对方的1.9倍
$2.8B
营收增速更快
STLD
高出8.6%
9.3%
净利率更高
CTAS
高出10.0%
7.7%
两年增速更快
CTAS
近两年复合增速
6.0%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $5.2B |
| 净利润 | $495.3M | $400.1M |
| 毛利率 | 50.4% | 14.7% |
| 营业利润率 | 23.4% | 10.3% |
| 净利率 | 17.7% | 7.7% |
| 营收同比 | 9.3% | 17.9% |
| 净利润同比 | 10.4% | 51.3% |
| 每股收益（稀释后） | $1.21 | $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CTASSTLD
| Q1 26 | — | $5.2B | ||
| Q4 25 | $2.8B | $4.4B | ||
| Q3 25 | $2.7B | $4.8B | ||
| Q2 25 | $2.7B | $4.6B | ||
| Q1 25 | $2.6B | $4.4B | ||
| Q4 24 | $2.6B | $3.9B | ||
| Q3 24 | $2.5B | $4.3B | ||
| Q2 24 | $2.5B | $4.6B |
净利润CTASSTLD
| Q1 26 | — | $400.1M | ||
| Q4 25 | $495.3M | $266.0M | ||
| Q3 25 | $491.1M | $403.7M | ||
| Q2 25 | $448.3M | $298.7M | ||
| Q1 25 | $463.5M | $217.2M | ||
| Q4 24 | $448.5M | $207.3M | ||
| Q3 24 | $452.0M | $317.8M | ||
| Q2 24 | $414.3M | $428.0M |
毛利率CTASSTLD
| Q1 26 | — | 14.7% | ||
| Q4 25 | 50.4% | 12.0% | ||
| Q3 25 | 50.3% | 15.7% | ||
| Q2 25 | 49.7% | 13.5% | ||
| Q1 25 | 50.6% | 11.1% | ||
| Q4 24 | 49.8% | 11.4% | ||
| Q3 24 | 50.1% | 13.9% | ||
| Q2 24 | — | 16.7% |
营业利润率CTASSTLD
| Q1 26 | — | 10.3% | ||
| Q4 25 | 23.4% | 7.0% | ||
| Q3 25 | 22.7% | 10.5% | ||
| Q2 25 | 22.4% | 8.4% | ||
| Q1 25 | 23.4% | 6.3% | ||
| Q4 24 | 23.1% | 6.1% | ||
| Q3 24 | 22.4% | 9.1% | ||
| Q2 24 | 22.2% | 12.1% |
净利率CTASSTLD
| Q1 26 | — | 7.7% | ||
| Q4 25 | 17.7% | 6.0% | ||
| Q3 25 | 18.1% | 8.4% | ||
| Q2 25 | 16.8% | 6.5% | ||
| Q1 25 | 17.8% | 5.0% | ||
| Q4 24 | 17.5% | 5.4% | ||
| Q3 24 | 18.1% | 7.3% | ||
| Q2 24 | 16.8% | 9.2% |
每股收益（稀释后）CTASSTLD
| Q1 26 | — | $2.78 | ||
| Q4 25 | $1.21 | $1.80 | ||
| Q3 25 | $1.20 | $2.74 | ||
| Q2 25 | $1.08 | $2.01 | ||
| Q1 25 | $1.13 | $1.44 | ||
| Q4 24 | $1.09 | $1.40 | ||
| Q3 24 | $1.10 | $2.05 | ||
| Q2 24 | $4.00 | $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 | $200.8M | $556.5M |
| 总债务越低越好 | $2.4B | $4.2B |
| 股东权益账面价值 | $4.5B | $9.0B |
| 总资产 | $10.1B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.54× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资CTASSTLD
| Q1 26 | — | $556.5M | ||
| Q4 25 | $200.8M | $769.9M | ||
| Q3 25 | $138.1M | $770.4M | ||
| Q2 25 | $264.0M | $497.6M | ||
| Q1 25 | $243.4M | $1.2B | ||
| Q4 24 | $122.4M | $737.3M | ||
| Q3 24 | $101.4M | $1.7B | ||
| Q2 24 | $342.0M | $1.2B |
总债务CTASSTLD
| Q1 26 | — | $4.2B | ||
| Q4 25 | $2.4B | $4.2B | ||
| Q3 25 | $2.4B | $3.8B | ||
| Q2 25 | $2.4B | $3.8B | ||
| Q1 25 | $2.0B | $4.2B | ||
| Q4 24 | $2.0B | $3.2B | ||
| Q3 24 | $2.0B | $3.7B | ||
| Q2 24 | $2.0B | $3.1B |
股东权益CTASSTLD
| Q1 26 | — | $9.0B | ||
| Q4 25 | $4.5B | $9.0B | ||
| Q3 25 | $4.8B | $9.0B | ||
| Q2 25 | $4.7B | $8.9B | ||
| Q1 25 | $4.6B | $8.8B | ||
| Q4 24 | $4.3B | $8.9B | ||
| Q3 24 | $4.0B | $9.1B | ||
| Q2 24 | $4.3B | $9.1B |
总资产CTASSTLD
| Q1 26 | — | $16.7B | ||
| Q4 25 | $10.1B | $16.4B | ||
| Q3 25 | $9.8B | $16.0B | ||
| Q2 25 | $9.8B | $15.5B | ||
| Q1 25 | $9.6B | $15.9B | ||
| Q4 24 | $9.4B | $14.9B | ||
| Q3 24 | $9.1B | $15.7B | ||
| Q2 24 | $9.2B | $15.1B |
负债/权益比CTASSTLD
| Q1 26 | — | 0.47× | ||
| Q4 25 | 0.54× | 0.47× | ||
| Q3 25 | 0.51× | 0.42× | ||
| Q2 25 | 0.52× | 0.43× | ||
| Q1 25 | 0.44× | 0.48× | ||
| Q4 24 | 0.47× | 0.36× | ||
| Q3 24 | 0.50× | 0.41× | ||
| Q2 24 | 0.47× | 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 | $531.2M | $148.3M |
| 自由现金流经营现金流 - 资本支出 | $425.0M | — |
| 自由现金流率自由现金流/营收 | 15.2% | — |
| 资本支出强度资本支出/营收 | 3.8% | — |
| 现金转化率经营现金流/净利润 | 1.07× | 0.37× |
| 过去12个月自由现金流最近4个季度 | $1.8B | — |
8季度趋势，按日历期对齐
经营现金流CTASSTLD
| Q1 26 | — | $148.3M | ||
| Q4 25 | $531.2M | $272.7M | ||
| Q3 25 | $414.5M | $722.6M | ||
| Q2 25 | $635.7M | $301.6M | ||
| Q1 25 | $622.0M | $152.6M | ||
| Q4 24 | $441.4M | $346.9M | ||
| Q3 24 | $466.7M | $759.9M | ||
| Q2 24 | $693.0M | $382.6M |
自由现金流CTASSTLD
| Q1 26 | — | — | ||
| Q4 25 | $425.0M | $84.2M | ||
| Q3 25 | $312.5M | $556.9M | ||
| Q2 25 | $521.1M | $13.3M | ||
| Q1 25 | $522.1M | $-152.9M | ||
| Q4 24 | $340.0M | $-106.3M | ||
| Q3 24 | $373.8M | $138.5M | ||
| Q2 24 | $591.1M | $-36.6M |
自由现金流率CTASSTLD
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | 1.9% | ||
| Q3 25 | 11.5% | 11.5% | ||
| Q2 25 | 19.5% | 0.3% | ||
| Q1 25 | 20.0% | -3.5% | ||
| Q4 24 | 13.3% | -2.7% | ||
| Q3 24 | 14.9% | 3.2% | ||
| Q2 24 | 23.9% | -0.8% |
资本支出强度CTASSTLD
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 4.3% | ||
| Q3 25 | 3.8% | 3.4% | ||
| Q2 25 | 4.3% | 6.3% | ||
| Q1 25 | 3.8% | 7.0% | ||
| Q4 24 | 4.0% | 11.7% | ||
| Q3 24 | 3.7% | 14.3% | ||
| Q2 24 | 4.1% | 9.0% |
现金转化率CTASSTLD
| Q1 26 | — | 0.37× | ||
| Q4 25 | 1.07× | 1.03× | ||
| Q3 25 | 0.84× | 1.79× | ||
| Q2 25 | 1.42× | 1.01× | ||
| Q1 25 | 1.34× | 0.70× | ||
| Q4 24 | 0.98× | 1.67× | ||
| Q3 24 | 1.03× | 2.39× | ||
| Q2 24 | 1.67× | 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
CTAS
| Uniform Rental And Facility Services Segment | $2.2B | 77% |
| First Aid And Safety Services Segment | $342.2M | 12% |
| Fire Protection Services | $222.5M | 8% |
| Uniform Direct Sales | $79.8M | 3% |
STLD
| Steel | $3.5B | 68% |
| Metals Recycling | $593.2M | 11% |
| Other | $490.1M | 9% |
| Steel Fabrication | $355.4M | 7% |
| Aluminum | $227.4M | 4% |
