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阿特斯（CSIQ）与WESCO INTERNATIONAL INC（WCC）财务数据对比。点击上方公司名可切换其他公司
WESCO INTERNATIONAL INC的季度营收约是阿特斯的1.4倍（$6.1B vs $4.5B），WESCO INTERNATIONAL INC净利率更高（2.6% vs 1.3%，领先1.3%）
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。
WESCO国际是一家美国上市控股公司，旗下子公司WESCO Distribution主营电气产品分销及相关服务，总部位于宾夕法尼亚州匹兹堡市，可为工业、基建、商业等多领域客户提供一站式电气供应链解决方案与技术支持服务。
CSIQ vs WCC — 直观对比
营收规模更大
WCC
是对方的1.4倍
$4.5B
净利率更高
WCC
高出1.3%
1.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $6.1B |
| 净利润 | $57.6M | $159.8M |
| 毛利率 | 17.5% | 21.2% |
| 营业利润率 | 2.2% | 5.3% |
| 净利率 | 1.3% | 2.6% |
| 营收同比 | — | 10.3% |
| 净利润同比 | — | -3.4% |
| 每股收益（稀释后） | — | $3.33 |
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CSIQWCC
| Q4 25 | — | $6.1B | ||
| Q3 25 | $4.5B | $6.2B | ||
| Q2 25 | $3.0B | $5.9B | ||
| Q1 25 | $1.3B | $5.3B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | $5.9B | $5.5B | ||
| Q2 24 | $4.1B | $5.5B | ||
| Q1 24 | — | $5.3B |
净利润CSIQWCC
| Q4 25 | — | $159.8M | ||
| Q3 25 | $57.6M | $187.5M | ||
| Q2 25 | $63.6M | $174.5M | ||
| Q1 25 | $36.2M | $118.4M | ||
| Q4 24 | — | $165.4M | ||
| Q3 24 | $366.8M | $204.3M | ||
| Q2 24 | $304.4M | $232.1M | ||
| Q1 24 | — | $115.8M |
毛利率CSIQWCC
| Q4 25 | — | 21.2% | ||
| Q3 25 | 17.5% | 21.3% | ||
| Q2 25 | 18.0% | 21.1% | ||
| Q1 25 | 19.0% | 21.1% | ||
| Q4 24 | — | 21.2% | ||
| Q3 24 | 18.0% | 22.1% | ||
| Q2 24 | 18.7% | 21.9% | ||
| Q1 24 | — | 21.3% |
营业利润率CSIQWCC
| Q4 25 | — | 5.3% | ||
| Q3 25 | 2.2% | 5.6% | ||
| Q2 25 | 3.3% | 5.5% | ||
| Q1 25 | 3.7% | 4.5% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 7.7% | 6.1% | ||
| Q2 24 | 9.1% | 5.9% | ||
| Q1 24 | — | 4.9% |
净利率CSIQWCC
| Q4 25 | — | 2.6% | ||
| Q3 25 | 1.3% | 3.0% | ||
| Q2 25 | 2.1% | 3.0% | ||
| Q1 25 | 2.7% | 2.2% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 6.2% | 3.7% | ||
| Q2 24 | 7.5% | 4.2% | ||
| Q1 24 | — | 2.2% |
每股收益（稀释后）CSIQWCC
| Q4 25 | — | $3.33 | ||
| Q3 25 | — | $3.79 | ||
| Q2 25 | — | $3.83 | ||
| Q1 25 | — | $2.10 | ||
| Q4 24 | — | $3.01 | ||
| Q3 24 | — | $3.81 | ||
| Q2 24 | — | $4.28 | ||
| Q1 24 | — | $1.95 |
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 | — | — |
| 股东权益账面价值 | $3.9B | $5.0B |
| 总资产 | $13.5B | $16.5B |
| 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CSIQWCC
| Q4 25 | — | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | — | — |
股东权益CSIQWCC
| Q4 25 | — | $5.0B | ||
| Q3 25 | $3.9B | $4.8B | ||
| Q2 25 | $3.9B | $4.8B | ||
| Q1 25 | $3.9B | $5.0B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | $3.7B | $5.0B | ||
| Q2 24 | $3.7B | $4.9B | ||
| Q1 24 | — | $5.0B |
总资产CSIQWCC
| Q4 25 | — | $16.5B | ||
| Q3 25 | $13.5B | $16.6B | ||
| Q2 25 | $13.5B | $16.2B | ||
| Q1 25 | $13.5B | $15.5B | ||
| Q4 24 | — | $15.1B | ||
| Q3 24 | $11.9B | $15.3B | ||
| Q2 24 | $11.9B | $15.1B | ||
| Q1 24 | — | $15.5B |
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 | $71.9M |
| 自由现金流经营现金流 - 资本支出 | — | $27.5M |
| 自由现金流率自由现金流/营收 | — | 0.5% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | -3.26× | 0.45× |
| 过去12个月自由现金流最近4个季度 | — | $25.2M |
8季度趋势，按日历期对齐
经营现金流CSIQWCC
| Q4 25 | — | $71.9M | ||
| Q3 25 | $-187.7M | $-82.7M | ||
| Q2 25 | — | $107.8M | ||
| Q1 25 | — | $28.0M | ||
| Q4 24 | — | $276.6M | ||
| Q3 24 | — | $302.1M | ||
| Q2 24 | — | $-223.8M | ||
| Q1 24 | — | $746.3M |
自由现金流CSIQWCC
| Q4 25 | — | $27.5M | ||
| Q3 25 | — | $-95.9M | ||
| Q2 25 | — | $86.0M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $252.3M | ||
| Q3 24 | — | $272.9M | ||
| Q2 24 | — | $-244.6M | ||
| Q1 24 | — | $725.9M |
自由现金流率CSIQWCC
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | -4.5% | ||
| Q1 24 | — | 13.6% |
资本支出强度CSIQWCC
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.4% |
现金转化率CSIQWCC
| Q4 25 | — | 0.45× | ||
| Q3 25 | -3.26× | -0.44× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | -0.96× | ||
| Q1 24 | — | 6.44× |
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
WCC
| CSS | $2.4B | 40% |
| EES | $2.3B | 37% |
| UBS | $1.4B | 23% |
