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阿特斯（CSIQ）与COMFORT SYSTEMS USA INC（FIX）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COMFORT SYSTEMS USA INC的1.7倍（$4.5B vs $2.6B），COMFORT SYSTEMS USA INC净利率更高（12.5% vs 1.3%，领先11.2%）
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。
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
CSIQ vs FIX — 直观对比
营收规模更大
CSIQ
是对方的1.7倍
$2.6B
净利率更高
FIX
高出11.2%
1.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $2.6B |
| 净利润 | $57.6M | $330.8M |
| 毛利率 | 17.5% | 25.5% |
| 营业利润率 | 2.2% | 16.1% |
| 净利率 | 1.3% | 12.5% |
| 营收同比 | — | 41.7% |
| 净利润同比 | — | 126.8% |
| 每股收益（稀释后） | — | $9.35 |
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CSIQFIX
| Q4 25 | — | $2.6B | ||
| Q3 25 | $4.5B | $2.5B | ||
| Q2 25 | $3.0B | $2.2B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $5.9B | $1.8B | ||
| Q2 24 | $4.1B | $1.8B | ||
| Q1 24 | — | $1.5B |
净利润CSIQFIX
| Q4 25 | — | $330.8M | ||
| Q3 25 | $57.6M | $291.6M | ||
| Q2 25 | $63.6M | $230.8M | ||
| Q1 25 | $36.2M | $169.3M | ||
| Q4 24 | — | $145.9M | ||
| Q3 24 | $366.8M | $146.2M | ||
| Q2 24 | $304.4M | $134.0M | ||
| Q1 24 | — | $96.3M |
毛利率CSIQFIX
| Q4 25 | — | 25.5% | ||
| Q3 25 | 17.5% | 24.8% | ||
| Q2 25 | 18.0% | 23.5% | ||
| Q1 25 | 19.0% | 22.0% | ||
| Q4 24 | — | 23.2% | ||
| Q3 24 | 18.0% | 21.1% | ||
| Q2 24 | 18.7% | 20.1% | ||
| Q1 24 | — | 19.3% |
营业利润率CSIQFIX
| Q4 25 | — | 16.1% | ||
| Q3 25 | 2.2% | 15.5% | ||
| Q2 25 | 3.3% | 13.8% | ||
| Q1 25 | 3.7% | 11.4% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | 7.7% | 11.2% | ||
| Q2 24 | 9.1% | 10.2% | ||
| Q1 24 | — | 8.8% |
净利率CSIQFIX
| Q4 25 | — | 12.5% | ||
| Q3 25 | 1.3% | 11.9% | ||
| Q2 25 | 2.1% | 10.6% | ||
| Q1 25 | 2.7% | 9.2% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 6.2% | 8.1% | ||
| Q2 24 | 7.5% | 7.4% | ||
| Q1 24 | — | 6.3% |
每股收益（稀释后）CSIQFIX
| Q4 25 | — | $9.35 | ||
| Q3 25 | — | $8.25 | ||
| Q2 25 | — | $6.53 | ||
| Q1 25 | — | $4.75 | ||
| Q4 24 | — | $4.08 | ||
| Q3 24 | — | $4.09 | ||
| Q2 24 | — | $3.74 | ||
| Q1 24 | — | $2.69 |
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 | $1.7B | $981.9M |
| 总债务越低越好 | — | $145.2M |
| 股东权益账面价值 | $3.9B | $2.4B |
| 总资产 | $13.5B | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资CSIQFIX
| Q4 25 | — | $981.9M | ||
| Q3 25 | $1.7B | $860.5M | ||
| Q2 25 | $1.7B | $331.7M | ||
| Q1 25 | $1.7B | $204.8M | ||
| Q4 24 | — | $549.9M | ||
| Q3 24 | $1.9B | $415.6M | ||
| Q2 24 | $1.9B | $199.4M | ||
| Q1 24 | — | $100.8M |
总债务CSIQFIX
| Q4 25 | — | $145.2M | ||
| Q3 25 | — | $136.0M | ||
| Q2 25 | — | $73.0M | ||
| Q1 25 | — | $67.8M | ||
| Q4 24 | — | $68.3M | ||
| Q3 24 | — | $62.3M | ||
| Q2 24 | — | $73.4M | ||
| Q1 24 | — | $77.0M |
股东权益CSIQFIX
| Q4 25 | — | $2.4B | ||
| Q3 25 | $3.9B | $2.2B | ||
| Q2 25 | $3.9B | $2.0B | ||
| Q1 25 | $3.9B | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $3.7B | $1.6B | ||
| Q2 24 | $3.7B | $1.5B | ||
| Q1 24 | — | $1.4B |
总资产CSIQFIX
| Q4 25 | — | $6.4B | ||
| Q3 25 | $13.5B | $5.8B | ||
| Q2 25 | $13.5B | $5.1B | ||
| Q1 25 | $13.5B | $4.6B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | $11.9B | $4.4B | ||
| Q2 24 | $11.9B | $4.2B | ||
| Q1 24 | — | $3.9B |
负债/权益比CSIQFIX
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.05× | ||
| Q1 24 | — | 0.06× |
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 | $468.5M |
| 自由现金流经营现金流 - 资本支出 | — | $402.4M |
| 自由现金流率自由现金流/营收 | — | 15.2% |
| 资本支出强度资本支出/营收 | — | 2.5% |
| 现金转化率经营现金流/净利润 | -3.26× | 1.42× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流CSIQFIX
| Q4 25 | — | $468.5M | ||
| Q3 25 | $-187.7M | $553.3M | ||
| Q2 25 | — | $252.5M | ||
| Q1 25 | — | $-88.0M | ||
| Q4 24 | — | $210.5M | ||
| Q3 24 | — | $302.2M | ||
| Q2 24 | — | $189.9M | ||
| Q1 24 | — | $146.6M |
自由现金流CSIQFIX
| Q4 25 | — | $402.4M | ||
| Q3 25 | — | $517.9M | ||
| Q2 25 | — | $221.2M | ||
| Q1 25 | — | $-110.2M | ||
| Q4 24 | — | $169.8M | ||
| Q3 24 | — | $280.1M | ||
| Q2 24 | — | $166.5M | ||
| Q1 24 | — | $121.6M |
自由现金流率CSIQFIX
| Q4 25 | — | 15.2% | ||
| Q3 25 | — | 21.1% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | -6.0% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 7.9% |
资本支出强度CSIQFIX
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.6% |
现金转化率CSIQFIX
| Q4 25 | — | 1.42× | ||
| Q3 25 | -3.26× | 1.90× | ||
| Q2 25 | — | 1.09× | ||
| Q1 25 | — | -0.52× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 2.07× | ||
| Q2 24 | — | 1.42× | ||
| Q1 24 | — | 1.52× |
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
CSIQ
暂无分部数据
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
