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贝壳控股（BEKE）与阿特斯（CSIQ）财务数据对比。点击上方公司名可切换其他公司
阿特斯的季度营收约是贝壳控股的1.4倍（$4.5B vs $3.2B），贝壳控股净利率更高（3.2% vs 1.3%，领先2.0%）
贝壳控股是中国领先的线上线下一体化居住服务平台，旗下运营贝壳找房等品牌，业务覆盖二手房交易经纪、新房代理销售、房屋租赁、家装改造及居住相关金融咨询服务，可满足消费者全周期居住需求。
阿特斯是全球领先的可再生能源企业，总部位于加拿大安大略省基奇纳。核心业务涵盖光伏组件制造、电池储能解决方案供应，以及大型公用事业级太阳能电站与储能项目的开发，业务布局覆盖全球主要能源市场。
BEKE vs CSIQ — 直观对比
营收规模更大
CSIQ
是对方的1.4倍
$3.2B
净利率更高
BEKE
高出2.0%
1.3%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $4.5B |
| 净利润 | $104.9M | $57.6M |
| 毛利率 | 21.4% | 17.5% |
| 营业利润率 | 2.6% | 2.2% |
| 净利率 | 3.2% | 1.3% |
| 营收同比 | — | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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BEKECSIQ
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | $4.5B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | $3.2B | $1.3B | ||
| Q3 24 | $3.2B | $5.9B | ||
| Q2 24 | $3.2B | $4.1B | ||
| Q1 24 | $2.3B | — | ||
| Q3 23 | $2.4B | — |
净利润BEKECSIQ
| Q4 25 | $104.9M | — | ||
| Q3 25 | $182.4M | $57.6M | ||
| Q2 25 | — | $63.6M | ||
| Q1 25 | $117.9M | $36.2M | ||
| Q3 24 | $166.5M | $366.8M | ||
| Q2 24 | $261.5M | $304.4M | ||
| Q1 24 | $59.8M | — | ||
| Q3 23 | $160.4M | — |
毛利率BEKECSIQ
| Q4 25 | 21.4% | — | ||
| Q3 25 | 21.9% | 17.5% | ||
| Q2 25 | — | 18.0% | ||
| Q1 25 | 20.7% | 19.0% | ||
| Q3 24 | 22.7% | 18.0% | ||
| Q2 24 | 27.9% | 18.7% | ||
| Q1 24 | 25.2% | — | ||
| Q3 23 | 27.4% | — |
营业利润率BEKECSIQ
| Q4 25 | 2.6% | — | ||
| Q3 25 | 4.1% | 2.2% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | 2.5% | 3.7% | ||
| Q3 24 | 3.2% | 7.7% | ||
| Q2 24 | 8.6% | 9.1% | ||
| Q1 24 | 0.1% | — | ||
| Q3 23 | 5.1% | — |
净利率BEKECSIQ
| Q4 25 | 3.2% | — | ||
| Q3 25 | 5.0% | 1.3% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | 3.7% | 2.7% | ||
| Q3 24 | 5.2% | 6.2% | ||
| Q2 24 | 8.1% | 7.5% | ||
| Q1 24 | 2.6% | — | ||
| Q3 23 | 6.6% | — |
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 | $1.3B | $1.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $3.9B |
| 总资产 | $16.8B | $13.5B |
| 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BEKECSIQ
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | $1.8B | $1.7B | ||
| Q3 24 | $1.4B | $1.9B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q1 24 | $2.5B | — | ||
| Q3 23 | $2.2B | — |
股东权益BEKECSIQ
| Q4 25 | — | — | ||
| Q3 25 | $9.6B | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | $9.5B | $3.9B | ||
| Q3 24 | $10.1B | $3.7B | ||
| Q2 24 | $9.7B | $3.7B | ||
| Q1 24 | $9.6B | — | ||
| Q3 23 | $9.9B | — |
总资产BEKECSIQ
| Q4 25 | $16.8B | — | ||
| Q3 25 | $17.3B | $13.5B | ||
| Q2 25 | — | $13.5B | ||
| Q1 25 | $18.0B | $13.5B | ||
| Q3 24 | $17.5B | $11.9B | ||
| Q2 24 | $16.9B | $11.9B | ||
| Q1 24 | $16.5B | — | ||
| Q3 23 | $16.2B | — |
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 | — | $-187.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | -3.26× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BEKECSIQ
| Q4 25 | — | — | ||
| Q3 25 | — | $-187.7M | ||
| Q2 25 | — | — | ||
| Q1 25 | $-546.4M | — | ||
| Q3 24 | $64.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | $268.2M | — |
现金转化率BEKECSIQ
| Q4 25 | — | — | ||
| Q3 25 | — | -3.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.64× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | 1.67× | — |
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
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
CSIQ
暂无分部数据
