vs
阿特斯（CSIQ）与梅西百货（M）财务数据对比。点击上方公司名可切换其他公司
梅西百货的季度营收约是阿特斯的1.1倍（$4.7B vs $4.5B），阿特斯净利率更高（1.3% vs 0.2%，领先1.1%）
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。
梅西百货是美国知名百货控股集团，1929年成立时名为联合百货，最初持有Abraham & Straus、Lazarus等多个区域连锁百货品牌，次年布鲁明戴尔正式加入。集团早年频繁开展资产并购与剥离，1994年收购1858年创立的老牌百货梅西，随后更名并发展为美国头部百货零售企业。
CSIQ vs M — 直观对比
营收规模更大
M
是对方的1.1倍
$4.5B
净利率更高
CSIQ
高出1.1%
0.2%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $4.7B |
| 净利润 | $57.6M | $11.0M |
| 毛利率 | 17.5% | 39.4% |
| 营业利润率 | 2.2% | 0.9% |
| 净利率 | 1.3% | 0.2% |
| 营收同比 | — | -0.6% |
| 净利润同比 | — | -60.7% |
| 每股收益（稀释后） | — | $0.04 |
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CSIQM
| Q4 25 | — | $4.7B | ||
| Q3 25 | $4.5B | $4.8B | ||
| Q2 25 | $3.0B | $4.6B | ||
| Q1 25 | $1.3B | $7.8B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | $5.9B | $4.9B | ||
| Q2 24 | $4.1B | $4.8B | ||
| Q1 24 | — | $8.1B |
净利润CSIQM
| Q4 25 | — | $11.0M | ||
| Q3 25 | $57.6M | $87.0M | ||
| Q2 25 | $63.6M | $38.0M | ||
| Q1 25 | $36.2M | $342.0M | ||
| Q4 24 | — | $28.0M | ||
| Q3 24 | $366.8M | $150.0M | ||
| Q2 24 | $304.4M | $62.0M | ||
| Q1 24 | — | $-71.0M |
毛利率CSIQM
| Q4 25 | — | 39.4% | ||
| Q3 25 | 17.5% | 39.7% | ||
| Q2 25 | 18.0% | 39.2% | ||
| Q1 25 | 19.0% | 35.7% | ||
| Q4 24 | — | 39.6% | ||
| Q3 24 | 18.0% | 40.5% | ||
| Q2 24 | 18.7% | 39.2% | ||
| Q1 24 | — | 37.5% |
营业利润率CSIQM
| Q4 25 | — | 0.9% | ||
| Q3 25 | 2.2% | 3.1% | ||
| Q2 25 | 3.3% | 2.0% | ||
| Q1 25 | 3.7% | 6.4% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | 7.7% | 4.5% | ||
| Q2 24 | 9.1% | 2.6% | ||
| Q1 24 | — | -0.9% |
净利率CSIQM
| Q4 25 | — | 0.2% | ||
| Q3 25 | 1.3% | 1.8% | ||
| Q2 25 | 2.1% | 0.8% | ||
| Q1 25 | 2.7% | 4.4% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | 6.2% | 3.0% | ||
| Q2 24 | 7.5% | 1.3% | ||
| Q1 24 | — | -0.9% |
每股收益（稀释后）CSIQM
| Q4 25 | — | $0.04 | ||
| Q3 25 | — | $0.31 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $1.22 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | — | $0.53 | ||
| Q2 24 | — | $0.22 | ||
| Q1 24 | — | $-0.25 |
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 | $447.0M |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $3.9B | $4.3B |
| 总资产 | $13.5B | $17.1B |
| 负债/权益比越低杠杆越低 | — | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资CSIQM
| Q4 25 | — | $447.0M | ||
| Q3 25 | $1.7B | $829.0M | ||
| Q2 25 | $1.7B | $932.0M | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | — | $315.0M | ||
| Q3 24 | $1.9B | $646.0M | ||
| Q2 24 | $1.9B | $876.0M | ||
| Q1 24 | — | $1.0B |
总债务CSIQM
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
股东权益CSIQM
| Q4 25 | — | $4.3B | ||
| Q3 25 | $3.9B | $4.5B | ||
| Q2 25 | $3.9B | $4.5B | ||
| Q1 25 | $3.9B | $4.6B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $3.7B | $4.3B | ||
| Q2 24 | $3.7B | $4.2B | ||
| Q1 24 | — | $4.1B |
总资产CSIQM
| Q4 25 | — | $17.1B | ||
| Q3 25 | $13.5B | $15.6B | ||
| Q2 25 | $13.5B | $16.1B | ||
| Q1 25 | $13.5B | $16.4B | ||
| Q4 24 | — | $17.3B | ||
| Q3 24 | $11.9B | $15.8B | ||
| Q2 24 | $11.9B | $16.4B | ||
| Q1 24 | — | $16.2B |
负债/权益比CSIQM
| Q4 25 | — | 0.56× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | — | 0.72× |
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 | $-8.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-101.0M |
| 自由现金流率自由现金流/营收 | — | -2.1% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | -3.26× | -0.73× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流CSIQM
| Q4 25 | — | $-8.0M | ||
| Q3 25 | $-187.7M | $319.0M | ||
| Q2 25 | — | $-64.0M | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $-167.0M | ||
| Q3 24 | — | $8.0M | ||
| Q2 24 | — | $129.0M | ||
| Q1 24 | — | $1.1B |
自由现金流CSIQM
| Q4 25 | — | $-101.0M | ||
| Q3 25 | — | $240.0M | ||
| Q2 25 | — | $-164.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $-295.0M | ||
| Q3 24 | — | $-109.0M | ||
| Q2 24 | — | $-25.0M | ||
| Q1 24 | — | $1.0B |
自由现金流率CSIQM
| Q4 25 | — | -2.1% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | -3.6% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | -6.2% | ||
| Q3 24 | — | -2.2% | ||
| Q2 24 | — | -0.5% | ||
| Q1 24 | — | 12.3% |
资本支出强度CSIQM
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 1.8% |
现金转化率CSIQM
| Q4 25 | — | -0.73× | ||
| Q3 25 | -3.26× | 3.67× | ||
| Q2 25 | — | -1.68× | ||
| Q1 25 | — | 3.82× | ||
| Q4 24 | — | -5.96× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | 2.08× | ||
| Q1 24 | — | — |
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
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
