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空气化工产品公司（APD）与CSW INDUSTRIALS, INC.（CSW）财务数据对比。点击上方公司名可切换其他公司
空气化工产品公司的季度营收约是CSW INDUSTRIALS, INC.的13.3倍（$3.1B vs $233.0M）。空气化工产品公司净利率更高（21.9% vs 4.4%，领先17.5%）。CSW INDUSTRIALS, INC.同比增速更快（20.3% vs 5.8%）。CSW INDUSTRIALS, INC.自由现金流更多（$22.7M vs $-350.5M）。过去两年CSW INDUSTRIALS, INC.的营收复合增速更高（5.1% vs 2.9%）
空气化工产品公司是全球知名的工业气体供应商，业务覆盖全球各地，主营大气气体、工艺气体、特种气体、相关设备及服务，产品涵盖氧气、氮气、氩气、氢气、氦气、二氧化碳、一氧化碳、合成气等，同时供应空分装置、非低温发生器等气体生产处理设备，服务炼油、化工、气化等多个行业领域。
APD vs CSW — 直观对比
营收规模更大
APD
是对方的13.3倍
$233.0M
营收增速更快
CSW
高出14.5%
5.8%
净利率更高
APD
高出17.5%
4.4%
自由现金流更多
CSW
多$373.2M
$-350.5M
两年增速更快
CSW
近两年复合增速
2.9%
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $233.0M |
| 净利润 | $678.2M | $10.3M |
| 毛利率 | 32.1% | 39.7% |
| 营业利润率 | 23.7% | 7.4% |
| 净利率 | 21.9% | 4.4% |
| 营收同比 | 5.8% | 20.3% |
| 净利润同比 | 9.8% | -61.9% |
| 每股收益（稀释后） | $3.04 | $0.62 |
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APDCSW
| Q4 25 | $3.1B | $233.0M | ||
| Q3 25 | $3.2B | $277.0M | ||
| Q2 25 | $3.0B | $263.6M | ||
| Q1 25 | $2.9B | $230.5M | ||
| Q4 24 | $2.9B | $193.6M | ||
| Q3 24 | $3.2B | $227.9M | ||
| Q2 24 | $3.0B | $226.2M | ||
| Q1 24 | $2.9B | $210.9M |
净利润APDCSW
| Q4 25 | $678.2M | $10.3M | ||
| Q3 25 | $4.9M | $40.7M | ||
| Q2 25 | $713.8M | $40.9M | ||
| Q1 25 | $-1.7B | $35.1M | ||
| Q4 24 | $617.4M | $26.9M | ||
| Q3 24 | $1.9B | $36.1M | ||
| Q2 24 | $696.6M | $38.6M | ||
| Q1 24 | $572.4M | $31.8M |
毛利率APDCSW
| Q4 25 | 32.1% | 39.7% | ||
| Q3 25 | 32.3% | 43.0% | ||
| Q2 25 | 32.5% | 43.8% | ||
| Q1 25 | 29.6% | 44.2% | ||
| Q4 24 | 31.2% | 41.4% | ||
| Q3 24 | 34.0% | 45.6% | ||
| Q2 24 | 32.8% | 47.5% | ||
| Q1 24 | 32.0% | 44.4% |
营业利润率APDCSW
| Q4 25 | 23.7% | 7.4% | ||
| Q3 25 | 0.5% | 20.5% | ||
| Q2 25 | 26.2% | 20.8% | ||
| Q1 25 | -79.8% | 19.5% | ||
| Q4 24 | 22.0% | 15.3% | ||
| Q3 24 | 76.1% | 22.6% | ||
| Q2 24 | 24.7% | 24.3% | ||
| Q1 24 | 21.7% | 21.0% |
净利率APDCSW
| Q4 25 | 21.9% | 4.4% | ||
| Q3 25 | 0.2% | 14.7% | ||
| Q2 25 | 23.6% | 15.5% | ||
| Q1 25 | -59.3% | 15.2% | ||
| Q4 24 | 21.1% | 13.9% | ||
| Q3 24 | 61.2% | 15.8% | ||
| Q2 24 | 23.3% | 17.1% | ||
| Q1 24 | 19.5% | 15.1% |
每股收益（稀释后）APDCSW
| Q4 25 | $3.04 | $0.62 | ||
| Q3 25 | $0.03 | $2.41 | ||
| Q2 25 | $3.20 | $2.43 | ||
| Q1 25 | $-7.77 | $2.05 | ||
| Q4 24 | $2.77 | $1.60 | ||
| Q3 24 | $8.75 | $2.26 | ||
| Q2 24 | $3.13 | $2.47 | ||
| Q1 24 | $2.57 | $2.03 |
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 | $1.0B | $40.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $1.1B |
| 总资产 | $41.2B | $2.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资APDCSW
| Q4 25 | $1.0B | $40.2M | ||
| Q3 25 | $1.9B | $31.5M | ||
| Q2 25 | $2.3B | $38.0M | ||
| Q1 25 | $1.6B | $225.8M | ||
| Q4 24 | $2.0B | $213.8M | ||
| Q3 24 | $3.0B | $273.2M | ||
| Q2 24 | $2.4B | $18.9M | ||
| Q1 24 | $2.6B | $22.2M |
总债务APDCSW
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $800.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $166.0M |
股东权益APDCSW
| Q4 25 | $15.4B | $1.1B | ||
| Q3 25 | $15.0B | $1.1B | ||
| Q2 25 | $15.5B | $1.1B | ||
| Q1 25 | $14.7B | $1.1B | ||
| Q4 24 | $16.7B | $1.0B | ||
| Q3 24 | $17.0B | $1.0B | ||
| Q2 24 | $15.1B | $650.2M | ||
| Q1 24 | $14.9B | $615.7M |
总资产APDCSW
| Q4 25 | $41.2B | $2.3B | ||
| Q3 25 | $41.1B | $1.5B | ||
| Q2 25 | $41.7B | $1.5B | ||
| Q1 25 | $38.9B | $1.4B | ||
| Q4 24 | $40.0B | $1.4B | ||
| Q3 24 | $39.6B | $1.4B | ||
| Q2 24 | $37.0B | $1.1B | ||
| Q1 24 | $35.9B | $1.0B |
负债/权益比APDCSW
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.27× |
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 | $900.7M | $28.9M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $22.7M |
| 自由现金流率自由现金流/营收 | -11.3% | 9.8% |
| 资本支出强度资本支出/营收 | 40.3% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.33× | 2.81× |
| 过去12个月自由现金流最近4个季度 | — | $162.0M |
8季度趋势，按日历期对齐
经营现金流APDCSW
| Q4 25 | $900.7M | $28.9M | ||
| Q3 25 | — | $61.8M | ||
| Q2 25 | $855.8M | $60.6M | ||
| Q1 25 | $328.1M | $27.3M | ||
| Q4 24 | $811.7M | $11.6M | ||
| Q3 24 | — | $66.8M | ||
| Q2 24 | $1.3B | $62.7M | ||
| Q1 24 | $801.7M | $22.4M |
自由现金流APDCSW
| Q4 25 | $-350.5M | $22.7M | ||
| Q3 25 | — | $58.7M | ||
| Q2 25 | $-640.0M | $57.7M | ||
| Q1 25 | $-1.6B | $22.8M | ||
| Q4 24 | $-1.3B | $8.5M | ||
| Q3 24 | — | $61.3M | ||
| Q2 24 | $-345.2M | $59.6M | ||
| Q1 24 | $-867.7M | $17.5M |
自由现金流率APDCSW
| Q4 25 | -11.3% | 9.8% | ||
| Q3 25 | — | 21.2% | ||
| Q2 25 | -21.2% | 21.9% | ||
| Q1 25 | -53.6% | 9.9% | ||
| Q4 24 | -44.5% | 4.4% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | -11.6% | 26.3% | ||
| Q1 24 | -29.6% | 8.3% |
资本支出强度APDCSW
| Q4 25 | 40.3% | 2.6% | ||
| Q3 25 | 47.9% | 1.1% | ||
| Q2 25 | 49.5% | 1.1% | ||
| Q1 25 | 64.9% | 2.0% | ||
| Q4 24 | 72.2% | 1.6% | ||
| Q3 24 | 65.1% | 2.4% | ||
| Q2 24 | 53.8% | 1.4% | ||
| Q1 24 | 57.0% | 2.3% |
现金转化率APDCSW
| Q4 25 | 1.33× | 2.81× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | 1.20× | 1.48× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | 1.31× | 0.43× | ||
| Q3 24 | — | 1.85× | ||
| Q2 24 | 1.81× | 1.62× | ||
| Q1 24 | 1.40× | 0.71× |
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
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
