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戴德梁行（CWK）与南方铜业（SCCO）财务数据对比。点击上方公司名可切换其他公司
南方铜业的季度营收约是戴德梁行的1.3倍（$3.9B vs $2.9B），南方铜业净利率更高（33.9% vs -0.8%，领先34.7%），南方铜业同比增速更快（39.0% vs 10.8%），南方铜业自由现金流更多（$1.1B vs $234.3M），过去两年南方铜业的营收复合增速更高（22.0% vs 15.5%）
戴德梁行是全球化的商业地产及物业管理服务提供商，总部位于美国伊利诺伊州芝加哥，由联合创始人J·克莱兹代尔·库什曼和伯纳德·韦克菲尔德共同创立，在全球商业地产服务领域拥有广泛的业务布局与专业服务能力，为各类客户提供定制化的地产相关解决方案。
南方铜业注册地为美国特拉华州，总部位于亚利桑那州凤凰城，在秘鲁、墨西哥两地持有多座铜矿、冶炼厂及精炼厂，旗下拥有夸霍内、托克帕拉、布埃纳维斯塔等知名矿山。2024年公司铜产量达21亿磅，同时产出银、钼、锌等多种金属。
CWK vs SCCO — 直观对比
营收规模更大
SCCO
是对方的1.3倍
$2.9B
营收增速更快
SCCO
高出28.2%
10.8%
净利率更高
SCCO
高出34.7%
-0.8%
自由现金流更多
SCCO
多$837.4M
$234.3M
两年增速更快
SCCO
近两年复合增速
15.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $3.9B |
| 净利润 | $-22.4M | $1.3B |
| 毛利率 | — | 62.0% |
| 营业利润率 | 6.1% | 54.5% |
| 净利率 | -0.8% | 33.9% |
| 营收同比 | 10.8% | 39.0% |
| 净利润同比 | -119.8% | 64.7% |
| 每股收益（稀释后） | $-0.10 | $1.49 |
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CWKSCCO
| Q4 25 | $2.9B | $3.9B | ||
| Q3 25 | $2.6B | $3.4B | ||
| Q2 25 | $2.5B | $3.1B | ||
| Q1 25 | $2.3B | $3.1B | ||
| Q4 24 | $2.6B | $2.8B | ||
| Q3 24 | $2.3B | $2.9B | ||
| Q2 24 | $2.3B | $3.1B | ||
| Q1 24 | $2.2B | $2.6B |
净利润CWKSCCO
| Q4 25 | $-22.4M | $1.3B | ||
| Q3 25 | $51.4M | $1.1B | ||
| Q2 25 | $57.3M | $976.7M | ||
| Q1 25 | $1.9M | $949.1M | ||
| Q4 24 | $112.9M | $796.2M | ||
| Q3 24 | $33.7M | $899.8M | ||
| Q2 24 | $13.5M | $953.8M | ||
| Q1 24 | $-28.8M | $738.8M |
毛利率CWKSCCO
| Q4 25 | — | 62.0% | ||
| Q3 25 | — | 59.8% | ||
| Q2 25 | — | 60.3% | ||
| Q1 25 | — | 57.7% | ||
| Q4 24 | — | 56.5% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 59.9% | ||
| Q1 24 | — | 55.5% |
营业利润率CWKSCCO
| Q4 25 | 6.1% | 54.5% | ||
| Q3 25 | 4.1% | 52.4% | ||
| Q2 25 | 4.9% | 52.0% | ||
| Q1 25 | 2.0% | 49.2% | ||
| Q4 24 | 6.6% | 47.0% | ||
| Q3 24 | 3.2% | 49.5% | ||
| Q2 24 | 3.1% | 51.5% | ||
| Q1 24 | 0.9% | 45.8% |
净利率CWKSCCO
| Q4 25 | -0.8% | 33.9% | ||
| Q3 25 | 2.0% | 32.9% | ||
| Q2 25 | 2.3% | 32.0% | ||
| Q1 25 | 0.1% | 30.4% | ||
| Q4 24 | 4.3% | 28.6% | ||
| Q3 24 | 1.4% | 30.7% | ||
| Q2 24 | 0.6% | 30.6% | ||
| Q1 24 | -1.3% | 28.4% |
每股收益（稀释后）CWKSCCO
| Q4 25 | $-0.10 | $1.49 | ||
| Q3 25 | $0.22 | $1.35 | ||
| Q2 25 | $0.25 | $1.21 | ||
| Q1 25 | $0.01 | $1.19 | ||
| Q4 24 | $0.49 | $1.02 | ||
| Q3 24 | $0.14 | $1.15 | ||
| Q2 24 | $0.06 | $1.22 | ||
| Q1 24 | $-0.13 | $0.95 |
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 | $784.2M | $4.9B |
| 总债务越低越好 | $2.7B | $6.8B |
| 股东权益账面价值 | $2.0B | $11.0B |
| 总资产 | $7.7B | $21.4B |
| 负债/权益比越低杠杆越低 | 1.40× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资CWKSCCO
| Q4 25 | $784.2M | $4.9B | ||
| Q3 25 | $634.4M | $4.5B | ||
| Q2 25 | $618.2M | $4.0B | ||
| Q1 25 | $623.2M | $4.3B | ||
| Q4 24 | $793.3M | $3.5B | ||
| Q3 24 | $775.4M | $3.0B | ||
| Q2 24 | $567.3M | $2.2B | ||
| Q1 24 | $553.5M | $1.6B |
总债务CWKSCCO
| Q4 25 | $2.7B | $6.8B | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $6.3B | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | $6.3B | ||
| Q1 24 | $3.2B | $6.3B |
股东权益CWKSCCO
| Q4 25 | $2.0B | $11.0B | ||
| Q3 25 | $2.0B | $10.4B | ||
| Q2 25 | $1.9B | $10.0B | ||
| Q1 25 | $1.8B | $9.6B | ||
| Q4 24 | $1.8B | $9.2B | ||
| Q3 24 | $1.7B | $8.9B | ||
| Q2 24 | $1.6B | $8.5B | ||
| Q1 24 | $1.6B | $7.5B |
总资产CWKSCCO
| Q4 25 | $7.7B | $21.4B | ||
| Q3 25 | $7.7B | $20.3B | ||
| Q2 25 | $7.6B | $19.6B | ||
| Q1 25 | $7.4B | $19.8B | ||
| Q4 24 | $7.5B | $18.7B | ||
| Q3 24 | $7.5B | $18.4B | ||
| Q2 24 | $7.3B | $17.8B | ||
| Q1 24 | $7.5B | $16.8B |
负债/权益比CWKSCCO
| Q4 25 | 1.40× | 0.61× | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.73× | 0.68× | ||
| Q3 24 | 1.81× | — | ||
| Q2 24 | 1.91× | 0.74× | ||
| Q1 24 | 1.96× | 0.83× |
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 | $257.3M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $234.3M | $1.1B |
| 自由现金流率自由现金流/营收 | 8.0% | 27.7% |
| 资本支出强度资本支出/营收 | 0.8% | 10.9% |
| 现金转化率经营现金流/净利润 | — | 1.14× |
| 过去12个月自由现金流最近4个季度 | $293.0M | $3.4B |
8季度趋势，按日历期对齐
经营现金流CWKSCCO
| Q4 25 | $257.3M | $1.5B | ||
| Q3 25 | $235.5M | $1.6B | ||
| Q2 25 | $9.6M | $976.8M | ||
| Q1 25 | $-162.0M | $721.4M | ||
| Q4 24 | $115.2M | $1.4B | ||
| Q3 24 | $196.1M | $1.4B | ||
| Q2 24 | $21.8M | $962.1M | ||
| Q1 24 | $-125.1M | $659.7M |
自由现金流CWKSCCO
| Q4 25 | $234.3M | $1.1B | ||
| Q3 25 | $225.0M | $1.2B | ||
| Q2 25 | $300.0K | $741.1M | ||
| Q1 25 | $-166.6M | $403.6M | ||
| Q4 24 | $105.9M | $1.1B | ||
| Q3 24 | $186.7M | $1.2B | ||
| Q2 24 | $10.0M | $630.3M | ||
| Q1 24 | $-135.6M | $445.9M |
自由现金流率CWKSCCO
| Q4 25 | 8.0% | 27.7% | ||
| Q3 25 | 8.6% | 35.8% | ||
| Q2 25 | 0.0% | 24.3% | ||
| Q1 25 | -7.3% | 12.9% | ||
| Q4 24 | 4.0% | 40.4% | ||
| Q3 24 | 8.0% | 40.7% | ||
| Q2 24 | 0.4% | 20.2% | ||
| Q1 24 | -6.2% | 17.2% |
资本支出强度CWKSCCO
| Q4 25 | 0.8% | 10.9% | ||
| Q3 25 | 0.4% | 10.3% | ||
| Q2 25 | 0.4% | 7.7% | ||
| Q1 25 | 0.2% | 10.2% | ||
| Q4 24 | 0.4% | 8.5% | ||
| Q3 24 | 0.4% | 8.4% | ||
| Q2 24 | 0.5% | 10.6% | ||
| Q1 24 | 0.5% | 8.2% |
现金转化率CWKSCCO
| Q4 25 | — | 1.14× | ||
| Q3 25 | 4.58× | 1.40× | ||
| Q2 25 | 0.17× | 1.00× | ||
| Q1 25 | -85.26× | 0.76× | ||
| Q4 24 | 1.02× | 1.71× | ||
| Q3 24 | 5.82× | 1.60× | ||
| Q2 24 | 1.61× | 1.01× | ||
| Q1 24 | — | 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
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
SCCO
| Other | $1.3B | 32% |
| MX | $726.4M | 19% |
| CH | $560.4M | 14% |
| PE | $218.8M | 6% |
| Silver | $201.1M | 5% |
| BR | $157.9M | 4% |
| CL | $149.0M | 4% |
| Molybdenum | $143.3M | 4% |
| ES | $130.8M | 3% |
| Mexican IMMSA Unit | $129.8M | 3% |
| IT | $107.1M | 3% |
| Zinc | $88.8M | 2% |
