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阿特斯（CSIQ）与SOLAREDGE TECHNOLOGIES, INC.（SEDG）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SOLAREDGE TECHNOLOGIES, INC.的13.3倍（$4.5B vs $335.4M），阿特斯净利率更高（1.3% vs -39.4%，领先40.7%）
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。
SolarEdge Technologies是一家以色列新能源科技企业，核心研发并推出了直流优化逆变器系统，该方案可提升光伏发电的能效表现，助力光伏系统实现更稳定、高效的电力转换，在全球分布式光伏领域拥有广泛的应用场景和市场认可度。
CSIQ vs SEDG — 直观对比
营收规模更大
CSIQ
是对方的13.3倍
$335.4M
净利率更高
CSIQ
高出40.7%
-39.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $335.4M |
| 净利润 | $57.6M | $-132.1M |
| 毛利率 | 17.5% | 22.2% |
| 营业利润率 | 2.2% | -14.4% |
| 净利率 | 1.3% | -39.4% |
| 营收同比 | — | 70.9% |
| 净利润同比 | — | 54.0% |
| 每股收益（稀释后） | — | $-2.21 |
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CSIQSEDG
| Q4 25 | — | $335.4M | ||
| Q3 25 | $4.5B | $340.2M | ||
| Q2 25 | $3.0B | $289.4M | ||
| Q1 25 | $1.3B | $219.5M | ||
| Q4 24 | — | $196.2M | ||
| Q3 24 | $5.9B | $235.4M | ||
| Q2 24 | $4.1B | $265.4M | ||
| Q1 24 | — | $204.4M |
净利润CSIQSEDG
| Q4 25 | — | $-132.1M | ||
| Q3 25 | $57.6M | $-50.1M | ||
| Q2 25 | $63.6M | $-124.7M | ||
| Q1 25 | $36.2M | $-98.5M | ||
| Q4 24 | — | $-287.4M | ||
| Q3 24 | $366.8M | $-1.2B | ||
| Q2 24 | $304.4M | $-130.8M | ||
| Q1 24 | — | $-157.3M |
毛利率CSIQSEDG
| Q4 25 | — | 22.2% | ||
| Q3 25 | 17.5% | 21.2% | ||
| Q2 25 | 18.0% | 11.1% | ||
| Q1 25 | 19.0% | 8.0% | ||
| Q4 24 | — | -57.2% | ||
| Q3 24 | 18.0% | -309.1% | ||
| Q2 24 | 18.7% | -4.1% | ||
| Q1 24 | — | -12.8% |
营业利润率CSIQSEDG
| Q4 25 | — | -14.4% | ||
| Q3 25 | 2.2% | -10.3% | ||
| Q2 25 | 3.3% | -39.9% | ||
| Q1 25 | 3.7% | -46.8% | ||
| Q4 24 | — | -134.4% | ||
| Q3 24 | 7.7% | -471.8% | ||
| Q2 24 | 9.1% | -60.4% | ||
| Q1 24 | — | -85.0% |
净利率CSIQSEDG
| Q4 25 | — | -39.4% | ||
| Q3 25 | 1.3% | -14.7% | ||
| Q2 25 | 2.1% | -43.1% | ||
| Q1 25 | 2.7% | -44.9% | ||
| Q4 24 | — | -146.5% | ||
| Q3 24 | 6.2% | -522.8% | ||
| Q2 24 | 7.5% | -49.3% | ||
| Q1 24 | — | -77.0% |
每股收益（稀释后）CSIQSEDG
| Q4 25 | — | $-2.21 | ||
| Q3 25 | — | $-0.84 | ||
| Q2 25 | — | $-2.13 | ||
| Q1 25 | — | $-1.70 | ||
| Q4 24 | — | $-5.00 | ||
| Q3 24 | — | $-21.58 | ||
| Q2 24 | — | $-2.31 | ||
| Q1 24 | — | $-2.75 |
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 | $493.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.9B | $427.5M |
| 总资产 | $13.5B | $2.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CSIQSEDG
| Q4 25 | — | $493.2M | ||
| Q3 25 | $1.7B | $498.6M | ||
| Q2 25 | $1.7B | $758.0M | ||
| Q1 25 | $1.7B | $651.6M | ||
| Q4 24 | — | $585.9M | ||
| Q3 24 | $1.9B | $678.8M | ||
| Q2 24 | $1.9B | $689.8M | ||
| Q1 24 | — | $680.6M |
股东权益CSIQSEDG
| Q4 25 | — | $427.5M | ||
| Q3 25 | $3.9B | $479.8M | ||
| Q2 25 | $3.9B | $513.2M | ||
| Q1 25 | $3.9B | $594.2M | ||
| Q4 24 | — | $658.3M | ||
| Q3 24 | $3.7B | $930.9M | ||
| Q2 24 | $3.7B | $2.1B | ||
| Q1 24 | — | $2.2B |
总资产CSIQSEDG
| Q4 25 | — | $2.2B | ||
| Q3 25 | $13.5B | $2.2B | ||
| Q2 25 | $13.5B | $2.5B | ||
| Q1 25 | $13.5B | $2.5B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $11.9B | $2.8B | ||
| Q2 24 | $11.9B | $3.9B | ||
| Q1 24 | — | $4.2B |
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 | $52.6M |
| 自由现金流经营现金流 - 资本支出 | — | $43.3M |
| 自由现金流率自由现金流/营收 | — | 12.9% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 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 | — | $80.8M |
8季度趋势，按日历期对齐
经营现金流CSIQSEDG
| Q4 25 | — | $52.6M | ||
| Q3 25 | $-187.7M | $25.6M | ||
| Q2 25 | — | $-7.8M | ||
| Q1 25 | — | $33.8M | ||
| Q4 24 | — | $37.8M | ||
| Q3 24 | — | $-89.3M | ||
| Q2 24 | — | $-44.8M | ||
| Q1 24 | — | $-217.0M |
自由现金流CSIQSEDG
| Q4 25 | — | $43.3M | ||
| Q3 25 | — | $22.8M | ||
| Q2 25 | — | $-9.1M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $25.5M | ||
| Q3 24 | — | $-136.7M | ||
| Q2 24 | — | $-67.0M | ||
| Q1 24 | — | $-243.4M |
自由现金流率CSIQSEDG
| Q4 25 | — | 12.9% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | -3.1% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | -58.1% | ||
| Q2 24 | — | -25.2% | ||
| Q1 24 | — | -119.1% |
资本支出强度CSIQSEDG
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 20.1% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 12.9% |
现金转化率CSIQSEDG
| Q4 25 | — | — | ||
| Q3 25 | -3.26× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
SEDG
| Other | $197.7M | 59% |
| Europe Except Netherlands | $99.4M | 30% |
| Others | $38.2M | 11% |
