vs
阿特斯（CSIQ）与万事达卡（MA）财务数据对比。点击上方公司名可切换其他公司
万事达卡的季度营收约是阿特斯的1.9倍（$8.4B vs $4.5B），万事达卡净利率更高（46.4% vs 1.3%，领先45.1%）
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。
万事达卡是总部位于美国纽约帕切斯的跨国支付卡服务企业，核心业务为处理商户收单银行与持卡人发卡机构之间的支付交易，同时提供旗下品牌借记卡、信用卡、预付卡及相关配套支付服务，服务网络覆盖全球，于2006年公开上市。
CSIQ vs MA — 直观对比
营收规模更大
MA
是对方的1.9倍
$4.5B
净利率更高
MA
高出45.1%
1.3%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $8.4B |
| 净利润 | $57.6M | $3.9B |
| 毛利率 | 17.5% | — |
| 营业利润率 | 2.2% | 58.3% |
| 净利率 | 1.3% | 46.4% |
| 营收同比 | — | 16.0% |
| 净利润同比 | — | 18.0% |
| 每股收益（稀释后） | — | $4.35 |
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CSIQMA
| Q1 26 | — | $8.4B | ||
| Q4 25 | — | $8.8B | ||
| Q3 25 | $4.5B | $8.6B | ||
| Q2 25 | $3.0B | $8.1B | ||
| Q1 25 | $1.3B | $7.3B | ||
| Q4 24 | — | $7.5B | ||
| Q3 24 | $5.9B | $7.4B | ||
| Q2 24 | $4.1B | $7.0B |
净利润CSIQMA
| Q1 26 | — | $3.9B | ||
| Q4 25 | — | $4.1B | ||
| Q3 25 | $57.6M | $3.9B | ||
| Q2 25 | $63.6M | $3.7B | ||
| Q1 25 | $36.2M | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $366.8M | $3.3B | ||
| Q2 24 | $304.4M | $3.3B |
毛利率CSIQMA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 17.5% | — | ||
| Q2 25 | 18.0% | — | ||
| Q1 25 | 19.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 18.7% | — |
营业利润率CSIQMA
| Q1 26 | — | 58.3% | ||
| Q4 25 | — | 55.8% | ||
| Q3 25 | 2.2% | 58.8% | ||
| Q2 25 | 3.3% | 58.7% | ||
| Q1 25 | 3.7% | 57.2% | ||
| Q4 24 | — | 52.6% | ||
| Q3 24 | 7.7% | 54.3% | ||
| Q2 24 | 9.1% | 58.0% |
净利率CSIQMA
| Q1 26 | — | 46.4% | ||
| Q4 25 | — | 46.1% | ||
| Q3 25 | 1.3% | 45.7% | ||
| Q2 25 | 2.1% | 45.5% | ||
| Q1 25 | 2.7% | 45.2% | ||
| Q4 24 | — | 44.6% | ||
| Q3 24 | 6.2% | 44.3% | ||
| Q2 24 | 7.5% | 46.8% |
每股收益（稀释后）CSIQMA
| Q1 26 | — | $4.35 | ||
| Q4 25 | — | $4.52 | ||
| Q3 25 | — | $4.34 | ||
| Q2 25 | — | $4.07 | ||
| Q1 25 | — | $3.59 | ||
| Q4 24 | — | $3.64 | ||
| Q3 24 | — | $3.53 | ||
| Q2 24 | — | $3.50 |
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 | $7.9B |
| 总债务越低越好 | — | $19.0B |
| 股东权益账面价值 | $3.9B | $6.7B |
| 总资产 | $13.5B | $52.4B |
| 负债/权益比越低杠杆越低 | — | 2.82× |
8季度趋势，按日历期对齐
现金及短期投资CSIQMA
| Q1 26 | — | $7.9B | ||
| Q4 25 | — | $10.6B | ||
| Q3 25 | $1.7B | $10.3B | ||
| Q2 25 | $1.7B | $9.0B | ||
| Q1 25 | $1.7B | $7.6B | ||
| Q4 24 | — | $8.4B | ||
| Q3 24 | $1.9B | $11.1B | ||
| Q2 24 | $1.9B | $7.0B |
总债务CSIQMA
| Q1 26 | — | $19.0B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CSIQMA
| Q1 26 | — | $6.7B | ||
| Q4 25 | — | $7.7B | ||
| Q3 25 | $3.9B | $7.9B | ||
| Q2 25 | $3.9B | $7.9B | ||
| Q1 25 | $3.9B | $6.7B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | $3.7B | $7.4B | ||
| Q2 24 | $3.7B | $7.4B |
总资产CSIQMA
| Q1 26 | — | $52.4B | ||
| Q4 25 | — | $54.2B | ||
| Q3 25 | $13.5B | $53.3B | ||
| Q2 25 | $13.5B | $51.4B | ||
| Q1 25 | $13.5B | $48.5B | ||
| Q4 24 | — | $48.1B | ||
| Q3 24 | $11.9B | $47.2B | ||
| Q2 24 | $11.9B | $42.3B |
负债/权益比CSIQMA
| Q1 26 | — | 2.82× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $3.0B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | -3.26× | 0.77× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CSIQMA
| Q1 26 | — | $3.0B | ||
| Q4 25 | — | $5.0B | ||
| Q3 25 | $-187.7M | $5.7B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $3.1B |
自由现金流CSIQMA
| Q1 26 | — | — | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $3.0B |
自由现金流率CSIQMA
| Q1 26 | — | — | ||
| Q4 25 | — | 55.5% | ||
| Q3 25 | — | 63.8% | ||
| Q2 25 | — | 56.1% | ||
| Q1 25 | — | 30.6% | ||
| Q4 24 | — | 63.3% | ||
| Q3 24 | — | 68.2% | ||
| Q2 24 | — | 43.4% |
资本支出强度CSIQMA
| Q1 26 | — | — | ||
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.7% |
现金转化率CSIQMA
| Q1 26 | — | 0.77× | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | -3.26× | 1.44× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 0.96× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
