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洲际交易所（ICE）与捷迈邦美（ZBH）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捷迈邦美的1.5倍（$3.1B vs $2.1B），洲际交易所净利率更高（27.1% vs 11.4%，领先15.7%），捷迈邦美同比增速更快（9.3% vs 3.7%），洲际交易所自由现金流更多（$1.1B vs $245.9M），过去两年洲际交易所的营收复合增速更高（5.9% vs 3.7%）
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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
ICE vs ZBH — 直观对比
营收规模更大
ICE
是对方的1.5倍
$2.1B
营收增速更快
ZBH
高出5.6%
3.7%
净利率更高
ICE
高出15.7%
11.4%
自由现金流更多
ICE
多$863.1M
$245.9M
两年增速更快
ICE
近两年复合增速
3.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.1B |
| 净利润 | $851.0M | $238.3M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 39.4% | 17.9% |
| 净利率 | 27.1% | 11.4% |
| 营收同比 | 3.7% | 9.3% |
| 净利润同比 | 21.9% | 30.5% |
| 每股收益（稀释后） | $1.49 | $1.22 |
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ICEZBH
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.1B | $2.2B | ||
| Q3 25 | $3.0B | $2.0B | ||
| Q2 25 | $3.3B | $2.1B | ||
| Q1 25 | $3.2B | $1.9B | ||
| Q4 24 | $3.0B | $2.0B | ||
| Q3 24 | $3.0B | $1.8B | ||
| Q2 24 | $2.9B | $1.9B |
净利润ICEZBH
| Q1 26 | — | $238.3M | ||
| Q4 25 | $851.0M | $139.4M | ||
| Q3 25 | $816.0M | $230.9M | ||
| Q2 25 | $851.0M | $152.8M | ||
| Q1 25 | $797.0M | $182.0M | ||
| Q4 24 | $698.0M | $239.5M | ||
| Q3 24 | $657.0M | $249.1M | ||
| Q2 24 | $632.0M | $242.8M |
毛利率ICEZBH
| Q1 26 | — | 64.6% | ||
| Q4 25 | — | 64.7% | ||
| Q3 25 | — | 72.1% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 71.2% | ||
| Q4 24 | — | 71.0% | ||
| Q3 24 | — | 70.5% | ||
| Q2 24 | — | 71.5% |
营业利润率ICEZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | 39.4% | 6.9% | ||
| Q3 25 | 39.0% | 17.6% | ||
| Q2 25 | 39.8% | 14.4% | ||
| Q1 25 | 37.8% | 15.3% | ||
| Q4 24 | 35.5% | 19.2% | ||
| Q3 24 | 36.4% | 15.3% | ||
| Q2 24 | 36.8% | 18.1% |
净利率ICEZBH
| Q1 26 | — | 11.4% | ||
| Q4 25 | 27.1% | 6.2% | ||
| Q3 25 | 27.1% | 11.5% | ||
| Q2 25 | 26.1% | 7.4% | ||
| Q1 25 | 24.7% | 9.5% | ||
| Q4 24 | 23.0% | 11.8% | ||
| Q3 24 | 21.7% | 13.7% | ||
| Q2 24 | 21.8% | 12.5% |
每股收益（稀释后）ICEZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | $1.49 | $0.71 | ||
| Q3 25 | $1.42 | $1.16 | ||
| Q2 25 | $1.48 | $0.77 | ||
| Q1 25 | $1.38 | $0.91 | ||
| Q4 24 | $1.21 | $1.18 | ||
| Q3 24 | $1.14 | $1.23 | ||
| Q2 24 | $1.10 | $1.18 |
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 | $837.0M | $424.2M |
| 总债务越低越好 | — | $7.5B |
| 股东权益账面价值 | $28.9B | $12.7B |
| 总资产 | $136.9B | $22.7B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资ICEZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | $837.0M | $591.9M | ||
| Q3 25 | $850.0M | $1.3B | ||
| Q2 25 | $1.0B | $556.9M | ||
| Q1 25 | $783.0M | $1.4B | ||
| Q4 24 | $844.0M | $525.5M | ||
| Q3 24 | $755.0M | $569.0M | ||
| Q2 24 | $885.0M | $420.1M |
总债务ICEZBH
| Q1 26 | — | $7.5B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ICEZBH
| Q1 26 | — | $12.7B | ||
| Q4 25 | $28.9B | $12.7B | ||
| Q3 25 | $28.6B | $12.8B | ||
| Q2 25 | $28.4B | $12.5B | ||
| Q1 25 | $28.0B | $12.4B | ||
| Q4 24 | $27.6B | $12.5B | ||
| Q3 24 | $27.2B | $12.4B | ||
| Q2 24 | $26.7B | $12.7B |
总资产ICEZBH
| Q1 26 | — | $22.7B | ||
| Q4 25 | $136.9B | $23.1B | ||
| Q3 25 | $140.9B | $23.5B | ||
| Q2 25 | $144.2B | $22.9B | ||
| Q1 25 | $142.9B | $22.2B | ||
| Q4 24 | $139.4B | $21.4B | ||
| Q3 24 | $135.2B | $21.7B | ||
| Q2 24 | $137.7B | $21.5B |
负债/权益比ICEZBH
| Q1 26 | — | 0.59× | ||
| 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 | $359.4M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $245.9M |
| 自由现金流率自由现金流/营收 | 35.3% | 11.8% |
| 资本支出强度资本支出/营收 | 5.3% | — |
| 现金转化率经营现金流/净利润 | 1.50× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $1.4B |
8季度趋势，按日历期对齐
经营现金流ICEZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $1.3B | $517.4M | ||
| Q3 25 | $915.0M | $418.7M | ||
| Q2 25 | $1.5B | $378.2M | ||
| Q1 25 | $966.0M | $382.8M | ||
| Q4 24 | $1.5B | $506.3M | ||
| Q3 24 | $898.0M | $395.7M | ||
| Q2 24 | $1.2B | $369.4M |
自由现金流ICEZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $1.1B | $442.6M | ||
| Q3 25 | $853.0M | $363.7M | ||
| Q2 25 | $1.4B | $328.1M | ||
| Q1 25 | $881.0M | $338.2M | ||
| Q4 24 | $1.3B | $454.8M | ||
| Q3 24 | $819.0M | $351.2M | ||
| Q2 24 | $1.1B | $316.7M |
自由现金流率ICEZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | 35.3% | 19.7% | ||
| Q3 25 | 28.4% | 18.2% | ||
| Q2 25 | 44.3% | 15.8% | ||
| Q1 25 | 27.3% | 17.7% | ||
| Q4 24 | 43.3% | 22.5% | ||
| Q3 24 | 27.0% | 19.3% | ||
| Q2 24 | 38.7% | 16.3% |
资本支出强度ICEZBH
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 3.3% | ||
| Q3 25 | 2.1% | 2.7% | ||
| Q2 25 | 1.8% | 2.4% | ||
| Q1 25 | 2.6% | 2.3% | ||
| Q4 24 | 6.4% | 2.5% | ||
| Q3 24 | 2.6% | 2.4% | ||
| Q2 24 | 2.6% | 2.7% |
现金转化率ICEZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | 1.50× | 3.71× | ||
| Q3 25 | 1.12× | 1.81× | ||
| Q2 25 | 1.77× | 2.48× | ||
| Q1 25 | 1.21× | 2.10× | ||
| Q4 24 | 2.16× | 2.11× | ||
| Q3 24 | 1.37× | 1.59× | ||
| Q2 24 | 1.89× | 1.52× |
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
| Other | $1.9B | 60% |
| Fixed Income Data And Analytics | $318.0M | 10% |
| Exchange Data | $266.0M | 8% |
| Origination Technology | $188.0M | 6% |
| Financial Futures And Options | $155.0M | 5% |
| Listings | $125.0M | 4% |
| OT Cand Other Transactions | $97.0M | 3% |
| Closing Solutions | $60.0M | 2% |
| Fixed Income Execution | $29.0M | 1% |
| Product And Service Net Interest Income | $26.0M | 1% |
ZBH
暂无分部数据
