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Cadre Holdings, Inc.（CDRE）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
CSW INDUSTRIALS, INC.的季度营收约是Cadre Holdings, Inc.的1.4倍（$233.0M vs $167.2M），Cadre Holdings, Inc.净利率更高（7.0% vs 4.4%，领先2.6%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs -5.0%），CSW INDUSTRIALS, INC.自由现金流更多（$22.7M vs $18.0M），过去两年Cadre Holdings, Inc.的营收复合增速更高（10.1% vs 5.1%）
Cadre Holdings, Inc.是美国金融科技企业，面向个人及机构客户提供房地产投资项目直投渠道，覆盖纽约等地的商业地产。公司打造的投资平台支持投资者自主选择参与的具体交易项目，且投资门槛远低于全额收购物业所需资金，让不动产投资变得更接近股票交易，获得财经媒体的广泛认可。
CDRE vs CSW — 直观对比
营收规模更大
CSW
是对方的1.4倍
$167.2M
营收增速更快
CSW
高出25.3%
-5.0%
净利率更高
CDRE
高出2.6%
4.4%
自由现金流更多
CSW
多$4.7M
$18.0M
两年增速更快
CDRE
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $167.2M | $233.0M |
| 净利润 | $11.7M | $10.3M |
| 毛利率 | 43.4% | 39.7% |
| 营业利润率 | 12.2% | 7.4% |
| 净利率 | 7.0% | 4.4% |
| 营收同比 | -5.0% | 20.3% |
| 净利润同比 | -9.6% | -61.9% |
| 每股收益（稀释后） | $0.22 | $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CDRECSW
| Q4 25 | $167.2M | $233.0M | ||
| Q3 25 | $155.9M | $277.0M | ||
| Q2 25 | $157.1M | $263.6M | ||
| Q1 25 | $130.1M | $230.5M | ||
| Q4 24 | $176.0M | $193.6M | ||
| Q3 24 | $109.4M | $227.9M | ||
| Q2 24 | $144.3M | $226.2M | ||
| Q1 24 | $137.9M | $210.9M |
净利润CDRECSW
| Q4 25 | $11.7M | $10.3M | ||
| Q3 25 | $10.9M | $40.7M | ||
| Q2 25 | $12.2M | $40.9M | ||
| Q1 25 | $9.2M | $35.1M | ||
| Q4 24 | $13.0M | $26.9M | ||
| Q3 24 | $3.7M | $36.1M | ||
| Q2 24 | $12.6M | $38.6M | ||
| Q1 24 | $6.9M | $31.8M |
毛利率CDRECSW
| Q4 25 | 43.4% | 39.7% | ||
| Q3 25 | 42.7% | 43.0% | ||
| Q2 25 | 40.9% | 43.8% | ||
| Q1 25 | 43.1% | 44.2% | ||
| Q4 24 | 43.9% | 41.4% | ||
| Q3 24 | 36.6% | 45.6% | ||
| Q2 24 | 40.6% | 47.5% | ||
| Q1 24 | 41.8% | 44.4% |
营业利润率CDRECSW
| Q4 25 | 12.2% | 7.4% | ||
| Q3 25 | 12.0% | 20.5% | ||
| Q2 25 | 9.3% | 20.8% | ||
| Q1 25 | 10.4% | 19.5% | ||
| Q4 24 | 16.7% | 15.3% | ||
| Q3 24 | 5.0% | 22.6% | ||
| Q2 24 | 13.8% | 24.3% | ||
| Q1 24 | 8.7% | 21.0% |
净利率CDRECSW
| Q4 25 | 7.0% | 4.4% | ||
| Q3 25 | 7.0% | 14.7% | ||
| Q2 25 | 7.8% | 15.5% | ||
| Q1 25 | 7.1% | 15.2% | ||
| Q4 24 | 7.4% | 13.9% | ||
| Q3 24 | 3.3% | 15.8% | ||
| Q2 24 | 8.7% | 17.1% | ||
| Q1 24 | 5.0% | 15.1% |
每股收益（稀释后）CDRECSW
| Q4 25 | $0.22 | $0.62 | ||
| Q3 25 | $0.27 | $2.41 | ||
| Q2 25 | $0.30 | $2.43 | ||
| Q1 25 | $0.23 | $2.05 | ||
| Q4 24 | $0.32 | $1.60 | ||
| Q3 24 | $0.09 | $2.26 | ||
| Q2 24 | $0.31 | $2.47 | ||
| Q1 24 | $0.18 | $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 | $122.9M | $40.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $317.8M | $1.1B |
| 总资产 | $770.0M | $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CDRECSW
| Q4 25 | $122.9M | $40.2M | ||
| Q3 25 | $150.9M | $31.5M | ||
| Q2 25 | $137.5M | $38.0M | ||
| Q1 25 | $133.4M | $225.8M | ||
| Q4 24 | $124.9M | $213.8M | ||
| Q3 24 | $93.0M | $273.2M | ||
| Q2 24 | $105.9M | $18.9M | ||
| Q1 24 | $87.1M | $22.2M |
总债务CDRECSW
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $800.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $166.0M |
股东权益CDRECSW
| Q4 25 | $317.8M | $1.1B | ||
| Q3 25 | $340.4M | $1.1B | ||
| Q2 25 | $332.5M | $1.1B | ||
| Q1 25 | $317.6M | $1.1B | ||
| Q4 24 | $311.5M | $1.0B | ||
| Q3 24 | $300.3M | $1.0B | ||
| Q2 24 | $299.4M | $650.2M | ||
| Q1 24 | $270.7M | $615.7M |
总资产CDRECSW
| Q4 25 | $770.0M | $2.3B | ||
| Q3 25 | $792.1M | $1.5B | ||
| Q2 25 | $794.4M | $1.5B | ||
| Q1 25 | $656.3M | $1.4B | ||
| Q4 24 | $652.7M | $1.4B | ||
| Q3 24 | $616.6M | $1.4B | ||
| Q2 24 | $620.6M | $1.1B | ||
| Q1 24 | $599.4M | $1.0B |
负债/权益比CDRECSW
| 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 | $21.3M | $28.9M |
| 自由现金流经营现金流 - 资本支出 | $18.0M | $22.7M |
| 自由现金流率自由现金流/营收 | 10.7% | 9.8% |
| 资本支出强度资本支出/营收 | 2.0% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.81× | 2.81× |
| 过去12个月自由现金流最近4个季度 | $56.8M | $162.0M |
8季度趋势，按日历期对齐
经营现金流CDRECSW
| Q4 25 | $21.3M | $28.9M | ||
| Q3 25 | $22.5M | $61.8M | ||
| Q2 25 | $2.6M | $60.6M | ||
| Q1 25 | $17.4M | $27.3M | ||
| Q4 24 | $23.7M | $11.6M | ||
| Q3 24 | $-5.2M | $66.8M | ||
| Q2 24 | $11.1M | $62.7M | ||
| Q1 24 | $2.1M | $22.4M |
自由现金流CDRECSW
| Q4 25 | $18.0M | $22.7M | ||
| Q3 25 | $21.6M | $58.7M | ||
| Q2 25 | $1.2M | $57.7M | ||
| Q1 25 | $16.1M | $22.8M | ||
| Q4 24 | $22.4M | $8.5M | ||
| Q3 24 | $-6.2M | $61.3M | ||
| Q2 24 | $9.1M | $59.6M | ||
| Q1 24 | $794.0K | $17.5M |
自由现金流率CDRECSW
| Q4 25 | 10.7% | 9.8% | ||
| Q3 25 | 13.9% | 21.2% | ||
| Q2 25 | 0.7% | 21.9% | ||
| Q1 25 | 12.4% | 9.9% | ||
| Q4 24 | 12.7% | 4.4% | ||
| Q3 24 | -5.7% | 26.9% | ||
| Q2 24 | 6.3% | 26.3% | ||
| Q1 24 | 0.6% | 8.3% |
资本支出强度CDRECSW
| Q4 25 | 2.0% | 2.6% | ||
| Q3 25 | 0.5% | 1.1% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.0% | 2.0% | ||
| Q4 24 | 0.7% | 1.6% | ||
| Q3 24 | 0.9% | 2.4% | ||
| Q2 24 | 1.4% | 1.4% | ||
| Q1 24 | 1.0% | 2.3% |
现金转化率CDRECSW
| Q4 25 | 1.81× | 2.81× | ||
| Q3 25 | 2.05× | 1.52× | ||
| Q2 25 | 0.21× | 1.48× | ||
| Q1 25 | 1.88× | 0.78× | ||
| Q4 24 | 1.83× | 0.43× | ||
| Q3 24 | -1.43× | 1.85× | ||
| Q2 24 | 0.89× | 1.62× | ||
| Q1 24 | 0.31× | 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
CDRE
| U.s.state And Local Agencies | $72.7M | 43% |
| Other | $48.6M | 29% |
| U.s.Federal Agencies | $31.6M | 19% |
| Commercial | $12.0M | 7% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
