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CrowdStrike（CRWD）与WATSCO INC（WSO）财务数据对比。点击上方公司名可切换其他公司
WATSCO INC的季度营收约是CrowdStrike的1.3倍（$1.6B vs $1.2B），WATSCO INC净利率更高（4.5% vs -2.8%，领先7.3%），CrowdStrike同比增速更快（22.2% vs -10.0%），WATSCO INC自由现金流更多（$388.5M vs $314.1M），过去两年CrowdStrike的营收复合增速更高（20.8% vs 0.4%）
CrowdStrike Holdings, Inc.是总部位于美国得克萨斯州奥斯汀的网络安全科技企业，核心业务涵盖终端安全防护、威胁情报提供与网络攻击响应服务，可为全球各行业客户有效应对各类网络安全风险，保障系统与数据安全。
Watsco Inc.是美国暖通空调、供暖及制冷（HVAC/R）设备及相关零部件、耗材的专业分销商。公司成立至今已超60年，最初主营HVAC/R行业相关零部件、工具制造业务，1989年通过收购佛罗里达州南部的瑞姆品牌分销商Gemaire Distributors Inc，正式从制造赛道转向分销领域。
CRWD vs WSO — 直观对比
营收规模更大
WSO
是对方的1.3倍
$1.2B
营收增速更快
CRWD
高出32.2%
-10.0%
净利率更高
WSO
高出7.3%
-2.8%
自由现金流更多
WSO
多$74.3M
$314.1M
两年增速更快
CRWD
近两年复合增速
0.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.6B |
| 净利润 | $-34.0M | $71.7M |
| 毛利率 | 75.1% | 27.1% |
| 营业利润率 | -5.6% | 6.4% |
| 净利率 | -2.8% | 4.5% |
| 营收同比 | 22.2% | -10.0% |
| 净利润同比 | -102.1% | -25.9% |
| 每股收益（稀释后） | $-0.14 | $1.82 |
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CRWDWSO
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $963.9M | $2.2B | ||
| Q2 24 | $921.0M | $2.1B | ||
| Q1 24 | $845.3M | $1.6B |
净利润CRWDWSO
| Q4 25 | $-34.0M | $71.7M | ||
| Q3 25 | $-77.7M | $161.6M | ||
| Q2 25 | $-110.2M | $183.6M | ||
| Q1 25 | $-92.3M | $80.1M | ||
| Q4 24 | $-16.8M | $96.8M | ||
| Q3 24 | $47.0M | $171.0M | ||
| Q2 24 | $42.8M | $181.4M | ||
| Q1 24 | $53.7M | $87.0M |
毛利率CRWDWSO
| Q4 25 | 75.1% | 27.1% | ||
| Q3 25 | 73.5% | 27.5% | ||
| Q2 25 | 73.8% | 29.3% | ||
| Q1 25 | 74.1% | 28.1% | ||
| Q4 24 | 74.7% | 26.7% | ||
| Q3 24 | 75.4% | 26.2% | ||
| Q2 24 | 75.6% | 27.1% | ||
| Q1 24 | 75.3% | 27.5% |
营业利润率CRWDWSO
| Q4 25 | -5.6% | 6.4% | ||
| Q3 25 | -9.7% | 11.4% | ||
| Q2 25 | -11.3% | 13.2% | ||
| Q1 25 | -8.1% | 7.3% | ||
| Q4 24 | -5.5% | 7.8% | ||
| Q3 24 | 1.4% | 11.6% | ||
| Q2 24 | 0.8% | 12.6% | ||
| Q1 24 | 3.5% | 8.1% |
净利率CRWDWSO
| Q4 25 | -2.8% | 4.5% | ||
| Q3 25 | -6.6% | 7.8% | ||
| Q2 25 | -10.0% | 8.9% | ||
| Q1 25 | -8.7% | 5.2% | ||
| Q4 24 | -1.7% | 5.5% | ||
| Q3 24 | 4.9% | 7.9% | ||
| Q2 24 | 4.6% | 8.5% | ||
| Q1 24 | 6.4% | 5.6% |
每股收益（稀释后）CRWDWSO
| Q4 25 | $-0.14 | $1.82 | ||
| Q3 25 | $-0.31 | $3.98 | ||
| Q2 25 | $-0.44 | $4.52 | ||
| Q1 25 | $-0.37 | $1.93 | ||
| Q4 24 | $-0.07 | $2.42 | ||
| Q3 24 | $0.19 | $4.22 | ||
| Q2 24 | $0.17 | $4.49 | ||
| Q1 24 | $0.23 | $2.17 |
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 | $4.8B | $733.3M |
| 总债务越低越好 | — | $361.6M |
| 股东权益账面价值 | $4.0B | $2.8B |
| 总资产 | $10.0B | $4.4B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资CRWDWSO
| Q4 25 | $4.8B | $733.3M | ||
| Q3 25 | $5.0B | $524.3M | ||
| Q2 25 | $4.6B | $293.0M | ||
| Q1 25 | $4.3B | $431.8M | ||
| Q4 24 | $4.3B | $781.9M | ||
| Q3 24 | $4.0B | $550.0M | ||
| Q2 24 | $3.7B | $424.9M | ||
| Q1 24 | $3.5B | $478.9M |
总债务CRWDWSO
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M | ||
| Q1 24 | — | $306.3M |
股东权益CRWDWSO
| Q4 25 | $4.0B | $2.8B | ||
| Q3 25 | $3.8B | $2.8B | ||
| Q2 25 | $3.5B | $2.8B | ||
| Q1 25 | $3.3B | $2.7B | ||
| Q4 24 | $3.1B | $2.7B | ||
| Q3 24 | $2.9B | $2.7B | ||
| Q2 24 | $2.5B | $2.6B | ||
| Q1 24 | $2.3B | $2.5B |
总资产CRWDWSO
| Q4 25 | $10.0B | $4.4B | ||
| Q3 25 | $9.3B | $4.6B | ||
| Q2 25 | $8.7B | $4.7B | ||
| Q1 25 | $8.7B | $4.5B | ||
| Q4 24 | $7.8B | $4.5B | ||
| Q3 24 | $7.2B | $4.5B | ||
| Q2 24 | $6.8B | $4.4B | ||
| Q1 24 | $6.6B | $4.4B |
负债/权益比CRWDWSO
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $397.5M | $399.8M |
| 自由现金流经营现金流 - 资本支出 | $314.1M | $388.5M |
| 自由现金流率自由现金流/营收 | 25.5% | 24.6% |
| 资本支出强度资本支出/营收 | 6.8% | 0.7% |
| 现金转化率经营现金流/净利润 | — | 5.57× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $535.1M |
8季度趋势，按日历期对齐
经营现金流CRWDWSO
| Q4 25 | $397.5M | $399.8M | ||
| Q3 25 | $332.8M | $354.9M | ||
| Q2 25 | $384.1M | $-7.4M | ||
| Q1 25 | $345.7M | $-177.6M | ||
| Q4 24 | $326.1M | $378.9M | ||
| Q3 24 | $326.6M | $232.8M | ||
| Q2 24 | $383.2M | $57.7M | ||
| Q1 24 | $347.0M | $103.7M |
自由现金流CRWDWSO
| Q4 25 | $314.1M | $388.5M | ||
| Q3 25 | $302.3M | $346.1M | ||
| Q2 25 | $298.4M | $-14.3M | ||
| Q1 25 | $258.5M | $-185.2M | ||
| Q4 24 | $247.4M | $370.9M | ||
| Q3 24 | $287.4M | $223.0M | ||
| Q2 24 | $333.5M | $51.3M | ||
| Q1 24 | $294.4M | $97.9M |
自由现金流率CRWDWSO
| Q4 25 | 25.5% | 24.6% | ||
| Q3 25 | 25.9% | 16.7% | ||
| Q2 25 | 27.0% | -0.7% | ||
| Q1 25 | 24.4% | -12.1% | ||
| Q4 24 | 24.5% | 21.1% | ||
| Q3 24 | 29.8% | 10.3% | ||
| Q2 24 | 36.2% | 2.4% | ||
| Q1 24 | 34.8% | 6.3% |
资本支出强度CRWDWSO
| Q4 25 | 6.8% | 0.7% | ||
| Q3 25 | 2.6% | 0.4% | ||
| Q2 25 | 7.8% | 0.3% | ||
| Q1 25 | 8.2% | 0.5% | ||
| Q4 24 | 7.8% | 0.5% | ||
| Q3 24 | 4.1% | 0.5% | ||
| Q2 24 | 5.4% | 0.3% | ||
| Q1 24 | 6.2% | 0.4% |
现金转化率CRWDWSO
| Q4 25 | — | 5.57× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | — | -0.04× | ||
| Q1 25 | — | -2.22× | ||
| Q4 24 | — | 3.91× | ||
| Q3 24 | 6.95× | 1.36× | ||
| Q2 24 | 8.95× | 0.32× | ||
| Q1 24 | 6.46× | 1.19× |
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
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 5% |
WSO
暂无分部数据
