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洲际交易所（ICE）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
洲际交易所的季度营收约是Masco的2.0倍（$3.7B vs $1.8B），洲际交易所净利率更高（39.1% vs 9.2%，领先29.9%），洲际交易所同比增速更快（13.5% vs -1.9%），洲际交易所自由现金流更多（$1.1B vs $371.0M），过去两年洲际交易所的营收复合增速更高（12.5% vs -3.5%）
洲际交易所（ICE）是2000年成立的美国跨国金融服务企业，运营全球金融交易所与清算所，提供抵押技术、数据及上市服务，位列财富500强、标普500及罗素1000指数成分股，旗下拥有金融及大宗商品市场交易所，运营12家受监管的交易场所，业务覆盖美加欧等多地期货市场。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
ICE vs MAS — 直观对比
营收规模更大
ICE
是对方的2.0倍
$1.8B
营收增速更快
ICE
高出15.4%
-1.9%
净利率更高
ICE
高出29.9%
9.2%
自由现金流更多
ICE
多$779.0M
$371.0M
两年增速更快
ICE
近两年复合增速
-3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $1.8B |
| 净利润 | $1.4B | $165.0M |
| 毛利率 | — | 33.9% |
| 营业利润率 | 45.4% | 13.8% |
| 净利率 | 39.1% | 9.2% |
| 营收同比 | 13.5% | -1.9% |
| 净利润同比 | 76.4% | -9.3% |
| 每股收益（稀释后） | $2.48 | $0.81 |
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ICEMAS
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $1.8B | ||
| Q3 25 | $3.0B | $1.9B | ||
| Q2 25 | $3.3B | $2.1B | ||
| Q1 25 | $3.2B | $1.8B | ||
| Q4 24 | $3.0B | $1.8B | ||
| Q3 24 | $3.0B | $2.0B | ||
| Q2 24 | $2.9B | $2.1B |
净利润ICEMAS
| Q1 26 | $1.4B | — | ||
| Q4 25 | $851.0M | $165.0M | ||
| Q3 25 | $816.0M | $189.0M | ||
| Q2 25 | $851.0M | $270.0M | ||
| Q1 25 | $797.0M | $186.0M | ||
| Q4 24 | $698.0M | $182.0M | ||
| Q3 24 | $657.0M | $167.0M | ||
| Q2 24 | $632.0M | $258.0M |
毛利率ICEMAS
| Q1 26 | — | — | ||
| Q4 25 | — | 33.9% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | 35.8% | ||
| Q4 24 | — | 34.8% | ||
| Q3 24 | — | 36.6% | ||
| Q2 24 | — | 37.5% |
营业利润率ICEMAS
| Q1 26 | 45.4% | — | ||
| Q4 25 | 39.4% | 13.8% | ||
| Q3 25 | 39.0% | 15.8% | ||
| Q2 25 | 39.8% | 20.1% | ||
| Q1 25 | 37.8% | 15.9% | ||
| Q4 24 | 35.5% | 15.9% | ||
| Q3 24 | 36.4% | 18.0% | ||
| Q2 24 | 36.8% | 19.0% |
净利率ICEMAS
| Q1 26 | 39.1% | — | ||
| Q4 25 | 27.1% | 9.2% | ||
| Q3 25 | 27.1% | 9.9% | ||
| Q2 25 | 26.1% | 13.2% | ||
| Q1 25 | 24.7% | 10.3% | ||
| Q4 24 | 23.0% | 10.0% | ||
| Q3 24 | 21.7% | 8.4% | ||
| Q2 24 | 21.8% | 12.3% |
每股收益（稀释后）ICEMAS
| Q1 26 | $2.48 | — | ||
| Q4 25 | $1.49 | $0.81 | ||
| Q3 25 | $1.42 | $0.90 | ||
| Q2 25 | $1.48 | $1.28 | ||
| Q1 25 | $1.38 | $0.87 | ||
| Q4 24 | $1.21 | $0.85 | ||
| Q3 24 | $1.14 | $0.77 | ||
| Q2 24 | $1.10 | $1.17 |
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 | $863.0M | $647.0M |
| 总债务越低越好 | $20.4B | $2.9B |
| 股东权益账面价值 | $29.5M | $-185.0M |
| 总资产 | $179.2B | $5.2B |
| 负债/权益比越低杠杆越低 | 689.81× | — |
8季度趋势，按日历期对齐
现金及短期投资ICEMAS
| Q1 26 | $863.0M | — | ||
| Q4 25 | $837.0M | $647.0M | ||
| Q3 25 | $850.0M | $559.0M | ||
| Q2 25 | $1.0B | $390.0M | ||
| Q1 25 | $783.0M | $377.0M | ||
| Q4 24 | $844.0M | $634.0M | ||
| Q3 24 | $755.0M | $646.0M | ||
| Q2 24 | $885.0M | $398.0M |
总债务ICEMAS
| Q1 26 | $20.4B | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ICEMAS
| Q1 26 | $29.5M | — | ||
| Q4 25 | $28.9B | $-185.0M | ||
| Q3 25 | $28.6B | $-78.0M | ||
| Q2 25 | $28.4B | $-84.0M | ||
| Q1 25 | $28.0B | $-254.0M | ||
| Q4 24 | $27.6B | $-279.0M | ||
| Q3 24 | $27.2B | $-88.0M | ||
| Q2 24 | $26.7B | $-26.0M |
总资产ICEMAS
| Q1 26 | $179.2B | — | ||
| Q4 25 | $136.9B | $5.2B | ||
| Q3 25 | $140.9B | $5.3B | ||
| Q2 25 | $144.2B | $5.3B | ||
| Q1 25 | $142.9B | $5.1B | ||
| Q4 24 | $139.4B | $5.0B | ||
| Q3 24 | $135.2B | $5.3B | ||
| Q2 24 | $137.7B | $5.4B |
负债/权益比ICEMAS
| Q1 26 | 689.81× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $418.0M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $371.0M |
| 自由现金流率自由现金流/营收 | 31.4% | 20.7% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | 0.93× | 2.53× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $866.0M |
8季度趋势，按日历期对齐
经营现金流ICEMAS
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $418.0M | ||
| Q3 25 | $915.0M | $456.0M | ||
| Q2 25 | $1.5B | $306.0M | ||
| Q1 25 | $966.0M | $-158.0M | ||
| Q4 24 | $1.5B | $407.0M | ||
| Q3 24 | $898.0M | $416.0M | ||
| Q2 24 | $1.2B | $346.0M |
自由现金流ICEMAS
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $371.0M | ||
| Q3 25 | $853.0M | $415.0M | ||
| Q2 25 | $1.4B | $270.0M | ||
| Q1 25 | $881.0M | $-190.0M | ||
| Q4 24 | $1.3B | $351.0M | ||
| Q3 24 | $819.0M | $378.0M | ||
| Q2 24 | $1.1B | $303.0M |
自由现金流率ICEMAS
| Q1 26 | 31.4% | — | ||
| Q4 25 | 35.3% | 20.7% | ||
| Q3 25 | 28.4% | 21.6% | ||
| Q2 25 | 44.3% | 13.2% | ||
| Q1 25 | 27.3% | -10.5% | ||
| Q4 24 | 43.3% | 19.2% | ||
| Q3 24 | 27.0% | 19.1% | ||
| Q2 24 | 38.7% | 14.5% |
资本支出强度ICEMAS
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 2.6% | ||
| Q3 25 | 2.1% | 2.1% | ||
| Q2 25 | 1.8% | 1.8% | ||
| Q1 25 | 2.6% | 1.8% | ||
| Q4 24 | 6.4% | 3.1% | ||
| Q3 24 | 2.6% | 1.9% | ||
| Q2 24 | 2.6% | 2.1% |
现金转化率ICEMAS
| Q1 26 | 0.93× | — | ||
| Q4 25 | 1.50× | 2.53× | ||
| Q3 25 | 1.12× | 2.41× | ||
| Q2 25 | 1.77× | 1.13× | ||
| Q1 25 | 1.21× | -0.85× | ||
| Q4 24 | 2.16× | 2.24× | ||
| Q3 24 | 1.37× | 2.49× | ||
| Q2 24 | 1.89× | 1.34× |
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
ICE
| Exchanges | $2.5B | 67% |
| Fixed income and data services | $657.0M | 18% |
| Mortgage technology | $539.0M | 15% |
MAS
| Plumbing Products | $844.0M | 47% |
| Decorative Architectural Products | $545.0M | 30% |
| Other | $404.0M | 23% |
