康明斯 CMI
$450.07 +$1.49 (+0.33%)
休市 · Nov 7, 9:10 am ET · 最新盘后价 $453.09 +0.67%
开盘$451.22
昨收$448.58
当日区间$448.50 – $459.81
成交量2.17M
市值$61.69B
市盈率（TTM）18.8
股息率1.82%
基本面
最新报告季度：Q2, ended Jun 2026
营收$9.46B+9.4% YoY
营业利润$1.13B+1.5% YoY
净利润$968.00M+4.3% YoY
摊薄每股收益$6.73+4.7% YoY
自由现金流$1.25B+125.6% YoY
经营现金流$1.50B
营收，近8个季度
净利润，近8个季度
各季度摊薄每股收益
各季度自由现金流
年度营收
盈利能力与资产负债表
毛利率25.3%
营业利润率10.6%
净利率7.8%
净资产收益率22.0%
资产收益率7.8%
投入资本回报率13.5%
流动比率1.73
负债/资产比率61.0%
现金及投资$3.92B
总负债$8.15B
净现金（净负债）-$4.22B
自由现金流/营收9.7%
营收构成
2026/Q2 季度
按业务线
利润表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 报告营业总收入 | $9.46B | $8.40B | $33.67B | $8.54B | $8.32B |
| 营业总收入 | $9.46B | $8.40B | $33.67B | $8.54B | $8.32B |
| 营业成本 | $6.99B | $6.16B | $25.15B | $6.59B | $6.19B |
| 毛利润 | $2.47B | $2.24B | $8.52B | $1.95B | $2.13B |
| 营业费用 | $1.34B | $1.24B | $4.65B | $1.17B | $1.17B |
| 销售及管理费用 | $893.00M | $845.00M | $3.13B | $786.00M | $789.00M |
| 研发费用 | $385.00M | $358.00M | $1.40B | $350.00M | $345.00M |
| 其他营业费用 | $62.00M | $7.00M | -$3.00M | $0.00 | -$1.00M |
| 营业利润 | $1.13B | $1.00B | $3.87B | $781.00M | $962.00M |
| 非经营性利息净收入（支出） | -$55.00M | -$19.00M | -$118.00M | -$34.00M | -$32.00M |
| 非经营性利息收入 | $25.00M | $57.00M | $211.00M | $48.00M | $51.00M |
| 非经营性利息支出 | $80.00M | $76.00M | $329.00M | $82.00M | $83.00M |
| 其他收入（支出） | $223.00M | -$47.00M | $216.00M | $44.00M | -$100.00M |
| 权益法投资收益 | $129.00M | $123.00M | $364.00M | $89.00M | $82.00M |
| 其他非经营性收入（支出） | $94.00M | $28.00M | $96.00M | $26.00M | $23.00M |
| 税前利润 | $1.29B | $934.00M | $3.96B | $791.00M | $830.00M |
| 税费 | $325.00M | $254.00M | $1.01B | $171.00M | $271.00M |
| 净利润 | $968.00M | $680.00M | $2.96B | $620.00M | $559.00M |
| 持续经营利润 | $968.00M | $680.00M | $2.96B | $620.00M | $559.00M |
| 少数股东权益 | $36.00M | $26.00M | $114.00M | $27.00M | $23.00M |
| 归属母公司净利润 | $932.00M | $654.00M | $2.84B | $593.00M | $536.00M |
| 归属普通股股东净利润 | $932.00M | $654.00M | $2.84B | $593.00M | $536.00M |
| 基本每股收益 | $6.76 | $4.73 | $20.62 | $4.29 | $3.88 |
| 摊薄每股收益 | $6.73 | $4.71 | $20.50 | $4.27 | $3.86 |
| 每股股息 | $2.00 | $2.00 | $7.64 | $2.00 | $2.00 |
| 折旧、摊销与折耗 | – | $33.00M | $133.00M | $34.00M | $34.00M |
| -折旧与摊销 | – | $33.00M | $133.00M | $34.00M | $34.00M |
| 证券出售收益 | – | $7.00M | $27.00M | $10.00M | -$5.00M |
| 特殊收益（费用） | – | -$205.00M | -$271.00M | -$81.00M | -$200.00M |
| -减：其他特殊支出 | – | $6.00M | -$38.00M | -$3.00M | -$14.00M |
| -业务出售收益 | – | -$199.00M | $0.00 | $0.00 | $0.00 |
| -管理费用 | – | – | $3.13B | – | – |
| -减：资本性资产减值 | – | – | $292.00M | $82.00M | $210.00M |
| -减：核销 | – | – | $17.00M | $2.00M | $4.00M |
资产负债表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 总资产 | $35.63B | $34.45B | $33.99B | $33.99B | $33.64B |
| 流动资产合计 | $18.43B | $17.38B | $16.93B | $16.93B | $16.72B |
| 现金及现金等价物与短期投资 | $3.92B | $3.18B | $3.61B | $3.61B | $3.16B |
| -现金及现金等价物 | $3.18B | $2.61B | $2.85B | $2.85B | $2.57B |
| -短期投资 | $745.00M | $568.00M | $764.00M | $764.00M | $593.00M |
| 应收款 | $6.59B | $6.53B | $5.82B | $5.82B | $5.64B |
| -应收账款 | $6.59B | $6.53B | $5.82B | $5.82B | $5.64B |
| 存货 | $6.40B | $6.13B | $5.82B | $5.82B | $6.26B |
| 其他流动资产 | $1.53B | $1.54B | $1.68B | $1.68B | $1.67B |
| 非流动资产合计 | $17.20B | $17.07B | $17.07B | $17.07B | $16.92B |
| 固定资产净值 | $7.58B | $7.45B | $7.50B | $7.50B | $7.21B |
| -固定资产原值 | $13.80B | $13.53B | $13.46B | $13.46B | $13.10B |
| -累计折旧 | -$6.22B | -$6.08B | -$5.96B | -$5.96B | -$5.89B |
| 投资及预付款 | $2.27B | $2.22B | $2.13B | $2.13B | $1.97B |
| -长期股权投资 | $2.27B | $2.22B | $2.13B | $2.13B | $1.97B |
| 商誉及其他无形资产 | $4.39B | $4.41B | $4.39B | $4.39B | $4.57B |
| -商誉 | $2.22B | $2.22B | $2.22B | $2.22B | $2.22B |
| -其他无形资产 | $2.17B | $2.19B | $2.17B | $2.17B | $2.35B |
| 设定受益养老金 | $1.01B | $1.00B | $1.03B | $1.03B | $1.16B |
| 一年以上递延资产 | $1.05B | $1.08B | $1.06B | $1.06B | $1.08B |
| 其他非流动资产 | $900.00M | $901.00M | $952.00M | $952.00M | $937.00M |
| 负债合计 | $21.72B | $21.07B | $20.58B | $20.58B | $20.54B |
| 流动负债合计 | $10.67B | $10.17B | $9.61B | $9.61B | $9.45B |
| 应付款 | $5.11B | $4.87B | $4.27B | $4.27B | $4.24B |
| -应付账款 | $4.65B | $4.43B | $3.80B | $3.80B | $3.82B |
| -应付税款合计 | $458.00M | $440.00M | $474.00M | $474.00M | $423.00M |
| 一年内应计费用 | $2.06B | $2.01B | $2.01B | $2.01B | $1.91B |
| 短期债务及融资租赁负债 | $1.10B | $1.09B | $898.00M | $898.00M | $930.00M |
| -一年内到期债务 | $958.00M | $957.00M | $760.00M | $760.00M | $790.00M |
| -一年内到期融资租赁负债 | $141.00M | $136.00M | $138.00M | $138.00M | $140.00M |
| 一年内递延负债 | $1.59B | $1.59B | $1.61B | $1.61B | $1.60B |
| 非流动负债合计 | $11.05B | $10.91B | $10.97B | $10.97B | $11.09B |
| 一年以上应计费用 | $943.00M | $911.00M | $887.00M | $887.00M | $867.00M |
| 长期债务及融资租赁负债 | $7.19B | $7.15B | $7.22B | $7.22B | $7.25B |
| -长期债务 | $6.74B | $6.73B | $6.79B | $6.79B | $6.82B |
| -长期融资租赁负债 | $450.00M | $418.00M | $424.00M | $424.00M | $428.00M |
| 衍生产品负债 | $97.00M | $78.00M | $72.00M | $72.00M | $63.00M |
| 一年以上递延负债 | $1.45B | $1.43B | $1.44B | $1.44B | $1.50B |
| 员工福利 | $746.00M | $737.00M | $747.00M | $747.00M | $783.00M |
| 其他非流动负债 | $631.00M | $599.00M | $610.00M | $610.00M | $623.00M |
| 股东权益合计 | $13.91B | $13.37B | $13.41B | $13.41B | $13.10B |
| 股东权益 | $12.85B | $12.35B | $12.35B | $12.35B | $12.06B |
| 股本 | $2.63B | $2.60B | $556.00M | $556.00M | $556.00M |
| -普通股 | $2.63B | $2.60B | $556.00M | $556.00M | $556.00M |
| 留存收益 | $23.65B | $22.99B | $22.62B | $22.62B | $22.30B |
| 减：库存股 | $11.09B | $10.87B | $10.66B | $10.66B | $10.68B |
| 不影响留存收益的损益 | -$2.34B | -$2.38B | -$2.28B | -$2.28B | -$2.21B |
| 少数股东权益 | $1.06B | $1.02B | $1.06B | $1.06B | $1.03B |
| 资本公积 | – | – | $2.12B | $2.12B | $2.10B |
现金流量表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 经营活动现金流 | $1.50B | $309.00M | $3.62B | $1.53B | $1.31B |
| 持续经营经营活动现金流净额 | $1.50B | $309.00M | $3.62B | $1.53B | $1.31B |
| 持续经营净利润 | $968.00M | $680.00M | $2.96B | $620.00M | $559.00M |
| 持续经营损益 | -$12.00M | -$67.00M | $24.00M | $2.00M | $71.00M |
| 折旧、折耗与摊销 | $281.00M | $282.00M | $1.11B | $280.00M | $277.00M |
| 递延税款 | $27.00M | -$12.00M | $86.00M | $18.00M | $206.00M |
| 其他非现金项目 | $13.00M | $25.00M | $310.00M | $69.00M | $251.00M |
| 营运资金变动 | $222.00M | -$599.00M | -$861.00M | $545.00M | -$59.00M |
| -应收款变动 | -$60.00M | -$678.00M | -$612.00M | -$146.00M | $177.00M |
| -存货变动 | -$279.00M | -$333.00M | -$39.00M | $407.00M | -$10.00M |
| -应付账款及应计费用变动 | $548.00M | $462.00M | -$144.00M | $204.00M | -$252.00M |
| -其他流动资产变动 | $13.00M | -$50.00M | -$66.00M | $80.00M | $26.00M |
| 投资活动现金流净额 | -$419.00M | -$10.00M | -$1.73B | -$885.00M | -$231.00M |
| 持续经营投资活动现金流净额 | -$419.00M | -$10.00M | -$1.73B | -$885.00M | -$231.00M |
| 资本支出 | -$249.00M | -$189.00M | -$1.24B | -$544.00M | -$298.00M |
| 投资购置及出售净额 | -$167.00M | $175.00M | -$177.00M | -$175.00M | $145.00M |
| 其他投资变动净额 | -$3.00M | $4.00M | -$111.00M | -$33.00M | -$3.00M |
| 筹资活动现金流 | -$524.00M | -$517.00M | -$772.00M | -$369.00M | -$827.00M |
| 持续经营筹资活动现金流净额 | -$524.00M | -$517.00M | -$772.00M | -$369.00M | -$827.00M |
| 债务发行及偿还净额 | -$34.00M | $101.00M | $454.00M | -$45.00M | -$531.00M |
| 普通股发行净额 | -$225.00M | -$243.00M | – | – | – |
| 已付现金股利 | -$276.00M | -$276.00M | -$1.06B | -$277.00M | -$276.00M |
| 其他筹资费用净额 | $11.00M | -$99.00M | -$171.00M | -$47.00M | -$20.00M |
| 期末现金余额 | $3.18B | $2.61B | $2.85B | $2.85B | $2.57B |
| 现金净变动 | $556.00M | -$218.00M | $1.12B | $280.00M | $247.00M |
| 期初现金余额 | $2.61B | $2.85B | $1.67B | $2.57B | $2.32B |
| 汇率变动影响 | $9.00M | -$13.00M | $56.00M | -$1.00M | $0.00 |
| 自由现金流 | $1.25B | $120.00M | $2.39B | $990.00M | $1.01B |
| 业务购买及出售净额 | – | – | -$208.00M | -$133.00M | -$9.00M |
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