vs
阿特斯（CSIQ）与国际纸业（IP）财务数据对比。点击上方公司名可切换其他公司
国际纸业的季度营收约是阿特斯的1.3倍（$6.0B vs $4.5B），阿特斯净利率更高（1.3% vs 1.0%，领先0.3%）
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。
国际纸业是总部位于美国田纳西州孟菲斯的纸浆及造纸企业，为全球规模最大的同类型企业，目前拥有约3.9万名员工，产品覆盖纸浆、包装用纸、办公用纸等品类，业务遍及全球多个国家和地区，广泛服务各行业客户的相关需求。
CSIQ vs IP — 直观对比
营收规模更大
IP
是对方的1.3倍
$4.5B
净利率更高
CSIQ
高出0.3%
1.0%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $6.0B |
| 净利润 | $57.6M | $60.0M |
| 毛利率 | 17.5% | — |
| 营业利润率 | 2.2% | — |
| 净利率 | 1.3% | 1.0% |
| 营收同比 | — | -0.6% |
| 净利润同比 | — | 157.1% |
| 每股收益（稀释后） | — | $0.14 |
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CSIQIP
| Q1 26 | — | $6.0B | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | $4.5B | $6.2B | ||
| Q2 25 | $3.0B | $6.8B | ||
| Q1 25 | $1.3B | $5.9B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | $5.9B | $4.7B | ||
| Q2 24 | $4.1B | $4.7B |
净利润CSIQIP
| Q1 26 | — | $60.0M | ||
| Q4 25 | — | $-2.4B | ||
| Q3 25 | $57.6M | $-1.1B | ||
| Q2 25 | $63.6M | $75.0M | ||
| Q1 25 | $36.2M | $-105.0M | ||
| Q4 24 | — | $-147.0M | ||
| Q3 24 | $366.8M | $150.0M | ||
| Q2 24 | $304.4M | $498.0M |
毛利率CSIQIP
| Q1 26 | — | — | ||
| Q4 25 | — | 32.2% | ||
| Q3 25 | 17.5% | 31.1% | ||
| Q2 25 | 18.0% | 27.9% | ||
| Q1 25 | 19.0% | 27.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | 18.0% | 28.7% | ||
| Q2 24 | 18.7% | 29.0% |
营业利润率CSIQIP
| Q1 26 | — | — | ||
| Q4 25 | — | -56.4% | ||
| Q3 25 | 2.2% | -10.8% | ||
| Q2 25 | 3.3% | 1.7% | ||
| Q1 25 | 3.7% | -2.3% | ||
| Q4 24 | — | -4.9% | ||
| Q3 24 | 7.7% | 5.1% | ||
| Q2 24 | 9.1% | 6.8% |
净利率CSIQIP
| Q1 26 | — | 1.0% | ||
| Q4 25 | — | -50.3% | ||
| Q3 25 | 1.3% | -17.7% | ||
| Q2 25 | 2.1% | 1.1% | ||
| Q1 25 | 2.7% | -1.8% | ||
| Q4 24 | — | -3.2% | ||
| Q3 24 | 6.2% | 3.2% | ||
| Q2 24 | 7.5% | 10.5% |
每股收益（稀释后）CSIQIP
| Q1 26 | — | $0.14 | ||
| Q4 25 | — | $-4.76 | ||
| Q3 25 | — | $-2.09 | ||
| Q2 25 | — | $0.14 | ||
| Q1 25 | — | $-0.24 | ||
| Q4 24 | — | $-0.42 | ||
| Q3 24 | — | $0.42 | ||
| Q2 24 | — | $1.41 |
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 | — |
| 总债务越低越好 | — | $8.2B |
| 股东权益账面价值 | $3.9B | $14.8B |
| 总资产 | $13.5B | $36.4B |
| 负债/权益比越低杠杆越低 | — | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资CSIQIP
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.7B | $995.0M | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.7B | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $1.9B | $1.2B | ||
| Q2 24 | $1.9B | $1.0B |
总债务CSIQIP
| Q1 26 | — | $8.2B | ||
| Q4 25 | — | $8.8B | ||
| Q3 25 | — | $9.0B | ||
| Q2 25 | — | $9.7B | ||
| Q1 25 | — | $9.2B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | — | $5.3B |
股东权益CSIQIP
| Q1 26 | — | $14.8B | ||
| Q4 25 | — | $14.8B | ||
| Q3 25 | $3.9B | $17.3B | ||
| Q2 25 | $3.9B | $18.6B | ||
| Q1 25 | $3.9B | $18.1B | ||
| Q4 24 | — | $8.2B | ||
| Q3 24 | $3.7B | $8.6B | ||
| Q2 24 | $3.7B | $8.6B |
总资产CSIQIP
| Q1 26 | — | $36.4B | ||
| Q4 25 | — | $38.0B | ||
| Q3 25 | $13.5B | $40.6B | ||
| Q2 25 | $13.5B | $42.4B | ||
| Q1 25 | $13.5B | $41.2B | ||
| Q4 24 | — | $22.8B | ||
| Q3 24 | $11.9B | $23.2B | ||
| Q2 24 | $11.9B | $23.1B |
负债/权益比CSIQIP
| Q1 26 | — | 0.55× | ||
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 0.62× |
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 | — | $94.0M |
| 自由现金流率自由现金流/营收 | — | 1.6% |
| 资本支出强度资本支出/营收 | — | 8.7% |
| 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 | — | $553.0M |
8季度趋势，按日历期对齐
经营现金流CSIQIP
| Q1 26 | — | — | ||
| Q4 25 | — | $905.0M | ||
| Q3 25 | $-187.7M | $605.0M | ||
| Q2 25 | — | $476.0M | ||
| Q1 25 | — | $-288.0M | ||
| Q4 24 | — | $397.0M | ||
| Q3 24 | — | $521.0M | ||
| Q2 24 | — | $365.0M |
自由现金流CSIQIP
| Q1 26 | — | $94.0M | ||
| Q4 25 | — | $255.0M | ||
| Q3 25 | — | $150.0M | ||
| Q2 25 | — | $54.0M | ||
| Q1 25 | — | $-618.0M | ||
| Q4 24 | — | $137.0M | ||
| Q3 24 | — | $309.0M | ||
| Q2 24 | — | $167.0M |
自由现金流率CSIQIP
| Q1 26 | — | 1.6% | ||
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | -10.5% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | 3.5% |
资本支出强度CSIQIP
| Q1 26 | — | 8.7% | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | — | 7.3% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 4.2% |
现金转化率CSIQIP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -3.26× | — | ||
| Q2 25 | — | 6.35× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.47× | ||
| Q2 24 | — | 0.73× |
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
IP
| Packaging Solutions North America | $3.6B | 61% |
| Packaging Solutions EMEA | $2.3B | 39% |
| Corporate and Inter-segment Sales | $22.0M | 0% |
