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CSW INDUSTRIALS, INC.（CSW）とSPS COMMERCE INC（SPSC）の財務データ比較。上の社名をクリックして会社を切り替えられます
CSW INDUSTRIALS, INC.の直近四半期売上が大きい（$233.0M vs $192.7M、SPS COMMERCE INCの約1.2倍）。SPS COMMERCE INCの純利益率が高く（13.4% vs 4.4%、差は9.0%）。CSW INDUSTRIALS, INC.の前年同期比売上増加率が高い（20.3% vs 12.7%）。SPS COMMERCE INCの直近四半期フリーキャッシュフローが多い（$38.2M vs $22.7M）。過去8四半期でSPS COMMERCE INCの売上複合成長率が高い（13.5% vs 5.1%）
SPSコマースは米国発のアプリケーションソフトウェアテクノロジー企業で、クラウド型サプライチェーン管理ソフトウェアを提供している。本社はミネソタ州ミネアポリスにあり、米国ニュージャージー州のほか、アムステルダム、北京、香港、メルボルン、トロントなど世界各地に拠点を構えている。
CSW vs SPSC — 直接比較
売上が大きい
CSW
1.2倍大きい
$192.7M
売上成長率が高い
CSW
+7.6%の差
12.7%
純利益率が高い
SPSC
純利益率が9.0%高い
4.4%
フリーキャッシュフローが多い
SPSC
FCF $15.5M多い
$22.7M
2年売上CAGRが高い
SPSC
2年複合成長率
5.1%
損益計算書 — Q3 FY2026 vs Q4 FY2025
| 指標 | | |
|---|---|---|
| 売上 | $233.0M | $192.7M |
| 純利益 | $10.3M | $25.8M |
| 粗利率 | 39.7% | 70.4% |
| 営業利益率 | 7.4% | 18.0% |
| 純利益率 | 4.4% | 13.4% |
| 売上前年比 | 20.3% | 12.7% |
| 純利益前年比 | -61.9% | 47.2% |
| EPS（希薄化後） | $0.62 | $0.69 |
緑 = その指標でリード。会計年度がずれている場合は期間が異なる場合あり
8四半期 売上・利益トレンド
並べて比較する四半期履歴。決算期がずれていても暦四半期で整列
売上CSWSPSC
| Q4 25 | $233.0M | $192.7M | ||
| Q3 25 | $277.0M | $189.9M | ||
| Q2 25 | $263.6M | $187.4M | ||
| Q1 25 | $230.5M | $181.5M | ||
| Q4 24 | $193.6M | $170.9M | ||
| Q3 24 | $227.9M | $163.7M | ||
| Q2 24 | $226.2M | $153.6M | ||
| Q1 24 | $210.9M | $149.6M |
純利益CSWSPSC
| Q4 25 | $10.3M | $25.8M | ||
| Q3 25 | $40.7M | $25.6M | ||
| Q2 25 | $40.9M | $19.7M | ||
| Q1 25 | $35.1M | $22.2M | ||
| Q4 24 | $26.9M | $17.6M | ||
| Q3 24 | $36.1M | $23.5M | ||
| Q2 24 | $38.6M | $18.0M | ||
| Q1 24 | $31.8M | $18.0M |
粗利率CSWSPSC
| Q4 25 | 39.7% | 70.4% | ||
| Q3 25 | 43.0% | 69.5% | ||
| Q2 25 | 43.8% | 68.1% | ||
| Q1 25 | 44.2% | 68.7% | ||
| Q4 24 | 41.4% | 67.5% | ||
| Q3 24 | 45.6% | 68.5% | ||
| Q2 24 | 47.5% | 66.1% | ||
| Q1 24 | 44.4% | 65.6% |
営業利益率CSWSPSC
| Q4 25 | 7.4% | 18.0% | ||
| Q3 25 | 20.5% | 16.4% | ||
| Q2 25 | 20.8% | 14.1% | ||
| Q1 25 | 19.5% | 14.3% | ||
| Q4 24 | 15.3% | 14.5% | ||
| Q3 24 | 22.6% | 15.6% | ||
| Q2 24 | 24.3% | 15.1% | ||
| Q1 24 | 21.0% | 10.3% |
純利益率CSWSPSC
| Q4 25 | 4.4% | 13.4% | ||
| Q3 25 | 14.7% | 13.5% | ||
| Q2 25 | 15.5% | 10.5% | ||
| Q1 25 | 15.2% | 12.2% | ||
| Q4 24 | 13.9% | 10.3% | ||
| Q3 24 | 15.8% | 14.3% | ||
| Q2 24 | 17.1% | 11.7% | ||
| Q1 24 | 15.1% | 12.0% |
EPS（希薄化後）CSWSPSC
| Q4 25 | $0.62 | $0.69 | ||
| Q3 25 | $2.41 | $0.67 | ||
| Q2 25 | $2.43 | $0.52 | ||
| Q1 25 | $2.05 | $0.58 | ||
| Q4 24 | $1.60 | $0.46 | ||
| Q3 24 | $2.26 | $0.62 | ||
| Q2 24 | $2.47 | $0.48 | ||
| Q1 24 | $2.03 | $0.48 |
貸借対照表と財務力
直近四半期の流動性・レバレッジ・純資産のスナップショット
| 指標 | | |
|---|---|---|
| 現金・短期投資手元流動性 | $40.2M | $151.4M |
| 総負債低いほど良い | — | — |
| 株主資本純資産 | $1.1B | $973.9M |
| 総資産 | $2.3B | $1.2B |
| 負債/資本比率低いほどレバレッジが低い | — | — |
8四半期トレンド — 暦四半期で整列
現金・短期投資CSWSPSC
| Q4 25 | $40.2M | $151.4M | ||
| Q3 25 | $31.5M | $133.7M | ||
| Q2 25 | $38.0M | $107.6M | ||
| Q1 25 | $225.8M | $94.9M | ||
| Q4 24 | $213.8M | $241.0M | ||
| Q3 24 | $273.2M | $205.8M | ||
| Q2 24 | $18.9M | $271.8M | ||
| Q1 24 | $22.2M | $290.8M |
総負債CSWSPSC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
株主資本CSWSPSC
| Q4 25 | $1.1B | $973.9M | ||
| Q3 25 | $1.1B | $958.9M | ||
| Q2 25 | $1.1B | $949.8M | ||
| Q1 25 | $1.1B | $920.9M | ||
| Q4 24 | $1.0B | $854.7M | ||
| Q3 24 | $1.0B | $829.4M | ||
| Q2 24 | $650.2M | $703.4M | ||
| Q1 24 | $615.7M | $683.0M |
総資産CSWSPSC
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.1B | $854.5M | ||
| Q1 24 | $1.0B | $839.8M |
負債/資本比率CSWSPSC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.27× | — |
キャッシュフローと資本効率
再投資後に実際に生み出すキャッシュ。純利益より操作が難しい
| 指標 | | |
|---|---|---|
| 営業キャッシュフロー直近四半期 | $28.9M | $45.9M |
| フリーキャッシュフロー営業CF - 設備投資 | $22.7M | $38.2M |
| FCFマージンFCF / 売上 | 9.8% | 19.8% |
| 設備投資強度設備投資 / 売上 | 2.6% | 4.0% |
| キャッシュ転換率営業CF / 純利益 | 2.81× | 1.78× |
| 直近12ヶ月FCF直近4四半期 | $162.0M | $152.3M |
8四半期トレンド — 暦四半期で整列
営業キャッシュフローCSWSPSC
| Q4 25 | $28.9M | $45.9M | ||
| Q3 25 | $61.8M | $60.6M | ||
| Q2 25 | $60.6M | $32.3M | ||
| Q1 25 | $27.3M | $40.0M | ||
| Q4 24 | $11.6M | $40.6M | ||
| Q3 24 | $66.8M | $53.3M | ||
| Q2 24 | $62.7M | $29.4M | ||
| Q1 24 | $22.4M | $34.1M |
フリーキャッシュフローCSWSPSC
| Q4 25 | $22.7M | $38.2M | ||
| Q3 25 | $58.7M | $54.6M | ||
| Q2 25 | $57.7M | $25.7M | ||
| Q1 25 | $22.8M | $33.8M | ||
| Q4 24 | $8.5M | $34.3M | ||
| Q3 24 | $61.3M | $48.1M | ||
| Q2 24 | $59.6M | $24.4M | ||
| Q1 24 | $17.5M | $30.5M |
FCFマージンCSWSPSC
| Q4 25 | 9.8% | 19.8% | ||
| Q3 25 | 21.2% | 28.7% | ||
| Q2 25 | 21.9% | 13.7% | ||
| Q1 25 | 9.9% | 18.6% | ||
| Q4 24 | 4.4% | 20.1% | ||
| Q3 24 | 26.9% | 29.4% | ||
| Q2 24 | 26.3% | 15.9% | ||
| Q1 24 | 8.3% | 20.4% |
設備投資強度CSWSPSC
| Q4 25 | 2.6% | 4.0% | ||
| Q3 25 | 1.1% | 3.2% | ||
| Q2 25 | 1.1% | 3.6% | ||
| Q1 25 | 2.0% | 3.4% | ||
| Q4 24 | 1.6% | 3.6% | ||
| Q3 24 | 2.4% | 3.2% | ||
| Q2 24 | 1.4% | 3.3% | ||
| Q1 24 | 2.3% | 2.4% |
キャッシュ転換率CSWSPSC
| Q4 25 | 2.81× | 1.78× | ||
| Q3 25 | 1.52× | 2.37× | ||
| Q2 25 | 1.48× | 1.64× | ||
| Q1 25 | 0.78× | 1.80× | ||
| Q4 24 | 0.43× | 2.31× | ||
| Q3 24 | 1.85× | 2.27× | ||
| Q2 24 | 1.62× | 1.63× | ||
| Q1 24 | 0.71× | 1.89× |
財務フロー比較
売上 → 粗利 → 営業利益 → 純利益のサンキー図
セグメント別売上内訳
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
