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阿特斯（CSIQ）与伊利诺伊工具公司（ITW）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伊利诺伊工具公司的1.1倍（$4.5B vs $4.1B），伊利诺伊工具公司净利率更高（19.3% vs 1.3%，领先18.0%）
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。
ITW（伊利诺伊工具公司）是美国财富500强企业，1912年由拜伦·L·史密斯创立。公司主营工程紧固件及组件、设备与耗材系统、特种产品等，依托去中心化、精简运营、以客户为中心的创新及收购策略稳步发展，在全球工业制造领域拥有较高知名度。
CSIQ vs ITW — 直观对比
营收规模更大
CSIQ
是对方的1.1倍
$4.1B
净利率更高
ITW
高出18.0%
1.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $4.1B |
| 净利润 | $57.6M | $790.0M |
| 毛利率 | 17.5% | 53.0% |
| 营业利润率 | 2.2% | 26.5% |
| 净利率 | 1.3% | 19.3% |
| 营收同比 | — | 4.1% |
| 净利润同比 | — | 5.3% |
| 每股收益（稀释后） | — | $2.72 |
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CSIQITW
| Q4 25 | — | $4.1B | ||
| Q3 25 | $4.5B | $4.1B | ||
| Q2 25 | $3.0B | $4.1B | ||
| Q1 25 | $1.3B | $3.8B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | $5.9B | $4.0B | ||
| Q2 24 | $4.1B | $4.0B | ||
| Q1 24 | — | $4.0B |
净利润CSIQITW
| Q4 25 | — | $790.0M | ||
| Q3 25 | $57.6M | $821.0M | ||
| Q2 25 | $63.6M | $755.0M | ||
| Q1 25 | $36.2M | $700.0M | ||
| Q4 24 | — | $750.0M | ||
| Q3 24 | $366.8M | $1.2B | ||
| Q2 24 | $304.4M | $759.0M | ||
| Q1 24 | — | $819.0M |
毛利率CSIQITW
| Q4 25 | — | 53.0% | ||
| Q3 25 | 17.5% | 53.2% | ||
| Q2 25 | 18.0% | 52.8% | ||
| Q1 25 | 19.0% | 52.6% | ||
| Q4 24 | — | 52.1% | ||
| Q3 24 | 18.0% | 52.5% | ||
| Q2 24 | 18.7% | 52.3% | ||
| Q1 24 | — | 51.7% |
营业利润率CSIQITW
| Q4 25 | — | 26.5% | ||
| Q3 25 | 2.2% | 27.4% | ||
| Q2 25 | 3.3% | 26.4% | ||
| Q1 25 | 3.7% | 24.8% | ||
| Q4 24 | — | 26.2% | ||
| Q3 24 | 7.7% | 26.5% | ||
| Q2 24 | 9.1% | 26.2% | ||
| Q1 24 | — | 28.4% |
净利率CSIQITW
| Q4 25 | — | 19.3% | ||
| Q3 25 | 1.3% | 20.2% | ||
| Q2 25 | 2.1% | 18.6% | ||
| Q1 25 | 2.7% | 18.2% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | 6.2% | 29.2% | ||
| Q2 24 | 7.5% | 18.8% | ||
| Q1 24 | — | 20.6% |
每股收益（稀释后）CSIQITW
| Q4 25 | — | $2.72 | ||
| Q3 25 | — | $2.81 | ||
| Q2 25 | — | $2.58 | ||
| Q1 25 | — | $2.38 | ||
| Q4 24 | — | $2.53 | ||
| Q3 24 | — | $3.91 | ||
| Q2 24 | — | $2.54 | ||
| Q1 24 | — | $2.73 |
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 | $851.0M |
| 总债务越低越好 | — | $7.7B |
| 股东权益账面价值 | $3.9B | $3.2B |
| 总资产 | $13.5B | $16.1B |
| 负债/权益比越低杠杆越低 | — | 2.38× |
8季度趋势，按日历期对齐
现金及短期投资CSIQITW
| Q4 25 | — | $851.0M | ||
| Q3 25 | $1.7B | $924.0M | ||
| Q2 25 | $1.7B | $788.0M | ||
| Q1 25 | $1.7B | $873.0M | ||
| Q4 24 | — | $948.0M | ||
| Q3 24 | $1.9B | $947.0M | ||
| Q2 24 | $1.9B | $862.0M | ||
| Q1 24 | — | $959.0M |
总债务CSIQITW
| Q4 25 | — | $7.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $7.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CSIQITW
| Q4 25 | — | $3.2B | ||
| Q3 25 | $3.9B | $3.2B | ||
| Q2 25 | $3.9B | $3.2B | ||
| Q1 25 | $3.9B | $3.2B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $3.7B | $3.4B | ||
| Q2 24 | $3.7B | $3.0B | ||
| Q1 24 | — | $3.0B |
总资产CSIQITW
| Q4 25 | — | $16.1B | ||
| Q3 25 | $13.5B | $16.1B | ||
| Q2 25 | $13.5B | $16.0B | ||
| Q1 25 | $13.5B | $15.5B | ||
| Q4 24 | — | $15.1B | ||
| Q3 24 | $11.9B | $15.8B | ||
| Q2 24 | $11.9B | $15.6B | ||
| Q1 24 | — | $15.1B |
负债/权益比CSIQITW
| Q4 25 | — | 2.38× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $963.0M |
| 自由现金流经营现金流 - 资本支出 | — | $858.0M |
| 自由现金流率自由现金流/营收 | — | 21.0% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | -3.26× | 1.22× |
| 过去12个月自由现金流最近4个季度 | — | $2.7B |
8季度趋势，按日历期对齐
经营现金流CSIQITW
| Q4 25 | — | $963.0M | ||
| Q3 25 | $-187.7M | $1.0B | ||
| Q2 25 | — | $550.0M | ||
| Q1 25 | — | $592.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $891.0M | ||
| Q2 24 | — | $687.0M | ||
| Q1 24 | — | $589.0M |
自由现金流CSIQITW
| Q4 25 | — | $858.0M | ||
| Q3 25 | — | $904.0M | ||
| Q2 25 | — | $449.0M | ||
| Q1 25 | — | $496.0M | ||
| Q4 24 | — | $996.0M | ||
| Q3 24 | — | $783.0M | ||
| Q2 24 | — | $571.0M | ||
| Q1 24 | — | $494.0M |
自由现金流率CSIQITW
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 12.9% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | — | 19.7% | ||
| Q2 24 | — | 14.2% | ||
| Q1 24 | — | 12.4% |
资本支出强度CSIQITW
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 2.4% |
现金转化率CSIQITW
| Q4 25 | — | 1.22× | ||
| Q3 25 | -3.26× | 1.24× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.85× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.91× | ||
| Q1 24 | — | 0.72× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
