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Crane NXT, Co.（CXT）与美世（MERC）财务数据对比。点击上方公司名可切换其他公司
Crane NXT, Co.的季度营收约是美世的1.1倍（$476.9M vs $449.5M），Crane NXT, Co.净利率更高（10.0% vs -68.7%，领先78.6%），Crane NXT, Co.同比增速更快（19.5% vs -8.0%），过去两年Crane NXT, Co.的营收复合增速更高（23.3% vs -9.9%）
Crane NXT是一家总部位于美国康涅狄格州斯坦福德的工业产品企业，由理查德·特勒·克莱恩于1855年创立。曾是美国头部卫浴配件制造商，1990年出售卫浴业务后，自1960年起逐步转型为多元化控股集团，目前核心业务涵盖航空航天与电子、工程材料、流体处理、控制设备四大板块，服务化工等多个行业领域。
美世是1945年成立的美国咨询公司，为全球专业服务集团威达信的四大运营子公司之一，总部位于纽约，在43个国家设有办事处，业务覆盖130个国家，主要为客户提供人力资源与金融咨询服务。
CXT vs MERC — 直观对比
营收规模更大
CXT
是对方的1.1倍
$449.5M
营收增速更快
CXT
高出27.5%
-8.0%
净利率更高
CXT
高出78.6%
-68.7%
两年增速更快
CXT
近两年复合增速
-9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $476.9M | $449.5M |
| 净利润 | $47.5M | $-308.7M |
| 毛利率 | 42.4% | — |
| 营业利润率 | 16.7% | -62.0% |
| 净利率 | 10.0% | -68.7% |
| 营收同比 | 19.5% | -8.0% |
| 净利润同比 | — | -1947.7% |
| 每股收益（稀释后） | $0.82 | $-4.61 |
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CXTMERC
| Q4 25 | $476.9M | $449.5M | ||
| Q3 25 | $445.1M | $458.1M | ||
| Q2 25 | $404.4M | $453.5M | ||
| Q1 25 | $330.3M | $507.0M | ||
| Q4 24 | $399.1M | $488.4M | ||
| Q3 24 | $403.5M | $502.1M | ||
| Q2 24 | $370.6M | $499.4M | ||
| Q1 24 | $313.6M | $553.4M |
净利润CXTMERC
| Q4 25 | $47.5M | $-308.7M | ||
| Q3 25 | $50.5M | $-80.8M | ||
| Q2 25 | $24.9M | $-86.1M | ||
| Q1 25 | $21.7M | $-22.3M | ||
| Q4 24 | — | $16.7M | ||
| Q3 24 | $47.1M | $-17.6M | ||
| Q2 24 | $41.6M | $-67.6M | ||
| Q1 24 | $37.8M | $-16.7M |
毛利率CXTMERC
| Q4 25 | 42.4% | — | ||
| Q3 25 | 43.3% | — | ||
| Q2 25 | 41.7% | — | ||
| Q1 25 | 42.4% | — | ||
| Q4 24 | 45.2% | — | ||
| Q3 24 | 42.5% | — | ||
| Q2 24 | 43.4% | — | ||
| Q1 24 | 48.6% | — |
营业利润率CXTMERC
| Q4 25 | 16.7% | -62.0% | ||
| Q3 25 | 18.4% | -14.8% | ||
| Q2 25 | 11.8% | -12.9% | ||
| Q1 25 | 11.3% | 1.3% | ||
| Q4 24 | 17.7% | 10.3% | ||
| Q3 24 | 18.6% | 1.8% | ||
| Q2 24 | 18.2% | -8.8% | ||
| Q1 24 | 17.7% | -0.1% |
净利率CXTMERC
| Q4 25 | 10.0% | -68.7% | ||
| Q3 25 | 11.3% | -17.6% | ||
| Q2 25 | 6.2% | -19.0% | ||
| Q1 25 | 6.6% | -4.4% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | 11.7% | -3.5% | ||
| Q2 24 | 11.2% | -13.5% | ||
| Q1 24 | 12.1% | -3.0% |
每股收益（稀释后）CXTMERC
| Q4 25 | $0.82 | $-4.61 | ||
| Q3 25 | $0.87 | $-1.21 | ||
| Q2 25 | $0.43 | $-1.29 | ||
| Q1 25 | $0.38 | $-0.33 | ||
| Q4 24 | $1.00 | $0.25 | ||
| Q3 24 | $0.81 | $-0.26 | ||
| Q2 24 | $0.72 | $-1.01 | ||
| Q1 24 | $0.66 | $-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 | $233.8M | $186.8M |
| 总债务越低越好 | $1.0B | $1.6B |
| 股东权益账面价值 | $1.3B | $68.1M |
| 总资产 | $3.1B | $2.0B |
| 负债/权益比越低杠杆越低 | 0.80× | 23.58× |
8季度趋势，按日历期对齐
现金及短期投资CXTMERC
| Q4 25 | $233.8M | $186.8M | ||
| Q3 25 | $182.4M | $98.1M | ||
| Q2 25 | $152.5M | $146.5M | ||
| Q1 25 | $173.8M | $181.5M | ||
| Q4 24 | $165.8M | $184.9M | ||
| Q3 24 | $165.1M | $239.0M | ||
| Q2 24 | $175.5M | $263.2M | ||
| Q1 24 | $220.6M | $274.3M |
总债务CXTMERC
| Q4 25 | $1.0B | $1.6B | ||
| Q3 25 | $834.3M | $1.5B | ||
| Q2 25 | $861.8M | $1.5B | ||
| Q1 25 | $541.1M | $1.5B | ||
| Q4 24 | $540.6M | $1.5B | ||
| Q3 24 | $638.2M | $1.6B | ||
| Q2 24 | $638.9M | $1.6B | ||
| Q1 24 | $639.6M | $1.6B |
股东权益CXTMERC
| Q4 25 | $1.3B | $68.1M | ||
| Q3 25 | $1.2B | $359.5M | ||
| Q2 25 | $1.2B | $446.5M | ||
| Q1 25 | $1.1B | $437.4M | ||
| Q4 24 | $1.1B | $429.8M | ||
| Q3 24 | $1.1B | $516.8M | ||
| Q2 24 | $989.8M | $487.7M | ||
| Q1 24 | $964.1M | $573.6M |
总资产CXTMERC
| Q4 25 | $3.1B | $2.0B | ||
| Q3 25 | $2.9B | $2.3B | ||
| Q2 25 | $2.9B | $2.4B | ||
| Q1 25 | $2.4B | $2.3B | ||
| Q4 24 | $2.4B | $2.3B | ||
| Q3 24 | $2.4B | $2.5B | ||
| Q2 24 | $2.4B | $2.5B | ||
| Q1 24 | $2.1B | $2.6B |
负债/权益比CXTMERC
| Q4 25 | 0.80× | 23.58× | ||
| Q3 25 | 0.69× | 4.30× | ||
| Q2 25 | 0.73× | 3.42× | ||
| Q1 25 | 0.49× | 3.44× | ||
| Q4 24 | 0.51× | 3.43× | ||
| Q3 24 | 0.60× | 3.09× | ||
| Q2 24 | 0.65× | 3.22× | ||
| Q1 24 | 0.66× | 2.82× |
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 | $105.8M | $46.2M |
| 自由现金流经营现金流 - 资本支出 | — | $32.0M |
| 自由现金流率自由现金流/营收 | — | 7.1% |
| 资本支出强度资本支出/营收 | — | 3.1% |
| 现金转化率经营现金流/净利润 | 2.23× | — |
| 过去12个月自由现金流最近4个季度 | — | $-80.0M |
8季度趋势，按日历期对齐
经营现金流CXTMERC
| Q4 25 | $105.8M | $46.2M | ||
| Q3 25 | $92.0M | $-30.1M | ||
| Q2 25 | $62.8M | $-4.5M | ||
| Q1 25 | $-19.1M | $-3.0M | ||
| Q4 24 | $81.1M | $71.2M | ||
| Q3 24 | $66.7M | $-13.9M | ||
| Q2 24 | $56.8M | $62.2M | ||
| Q1 24 | $9.5M | $-29.2M |
自由现金流CXTMERC
| Q4 25 | — | $32.0M | ||
| Q3 25 | $78.7M | $-60.1M | ||
| Q2 25 | $55.8M | $-28.9M | ||
| Q1 25 | $-32.2M | $-23.1M | ||
| Q4 24 | — | $50.4M | ||
| Q3 24 | $53.5M | $-41.2M | ||
| Q2 24 | $47.9M | $44.3M | ||
| Q1 24 | $-3.0M | $-47.7M |
自由现金流率CXTMERC
| Q4 25 | — | 7.1% | ||
| Q3 25 | 17.7% | -13.1% | ||
| Q2 25 | 13.8% | -6.4% | ||
| Q1 25 | -9.7% | -4.6% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 13.3% | -8.2% | ||
| Q2 24 | 12.9% | 8.9% | ||
| Q1 24 | -1.0% | -8.6% |
资本支出强度CXTMERC
| Q4 25 | — | 3.1% | ||
| Q3 25 | 3.0% | 6.6% | ||
| Q2 25 | 1.7% | 5.4% | ||
| Q1 25 | 4.0% | 4.0% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | 3.3% | 5.4% | ||
| Q2 24 | 2.4% | 3.6% | ||
| Q1 24 | 4.0% | 3.3% |
现金转化率CXTMERC
| Q4 25 | 2.23× | — | ||
| Q3 25 | 1.82× | — | ||
| Q2 25 | 2.52× | — | ||
| Q1 25 | -0.88× | — | ||
| Q4 24 | — | 4.26× | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 1.37× | — | ||
| Q1 24 | 0.25× | — |
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
CXT
| Other | $260.9M | 55% |
| Products | $181.1M | 38% |
| Services | $34.9M | 7% |
MERC
| Other | $215.3M | 48% |
| Solid Wood | $110.2M | 25% |
| Lumber | $54.9M | 12% |
| Pallets | $23.7M | 5% |
| Energyandchemicals | $18.7M | 4% |
| Manufactured Products | $14.1M | 3% |
| Biofuels | $10.0M | 2% |
| Wood Residuals | $2.6M | 1% |
