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CARLISLE COMPANIES INC（CSL）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是CARLISLE COMPANIES INC的1.7倍（$1.8B vs $1.1B），西蒙地产集团净利率更高（197.6% vs 12.1%，领先185.5%），西蒙地产集团同比增速更快（13.2% vs -4.0%），西蒙地产集团自由现金流更多（$948.8M vs $-73.0M），过去两年西蒙地产集团的营收复合增速更高（11.4% vs -14.8%）
卡莱尔公司是专业建筑产品供应商，聚焦于提升建筑能效与稳固性，面向商业建筑领域生产销售单层屋面产品、质保系统及配套配件，旗下设有卡莱尔建筑材料、卡莱尔防水技术两大业务板块，产品涵盖防潮材料、屋面防护层等多个品类。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
CSL vs SPG — 直观对比
营收规模更大
SPG
是对方的1.7倍
$1.1B
营收增速更快
SPG
高出17.2%
-4.0%
净利率更高
SPG
高出185.5%
12.1%
自由现金流更多
SPG
多$1.0B
$-73.0M
两年增速更快
SPG
近两年复合增速
-14.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.8B |
| 净利润 | $127.7M | $3.5B |
| 毛利率 | 34.5% | — |
| 营业利润率 | 17.1% | 49.7% |
| 净利率 | 12.1% | 197.6% |
| 营收同比 | -4.0% | 13.2% |
| 净利润同比 | -10.9% | 358.7% |
| 每股收益（稀释后） | $3.10 | $9.34 |
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CSLSPG
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.5B | $1.5B |
净利润CSLSPG
| Q1 26 | $127.7M | — | ||
| Q4 25 | $127.4M | $3.5B | ||
| Q3 25 | $214.2M | $702.7M | ||
| Q2 25 | $255.8M | $643.7M | ||
| Q1 25 | $143.3M | $477.9M | ||
| Q4 24 | $162.8M | $771.8M | ||
| Q3 24 | $244.3M | $546.7M | ||
| Q2 24 | $712.4M | $569.4M |
毛利率CSLSPG
| Q1 26 | 34.5% | — | ||
| Q4 25 | 33.8% | — | ||
| Q3 25 | 36.0% | — | ||
| Q2 25 | 37.3% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 36.1% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 39.2% | — |
营业利润率CSLSPG
| Q1 26 | 17.1% | — | ||
| Q4 25 | 16.8% | 49.7% | ||
| Q3 25 | 21.8% | 50.8% | ||
| Q2 25 | 23.1% | 49.7% | ||
| Q1 25 | 16.8% | 49.4% | ||
| Q4 24 | 19.9% | 52.8% | ||
| Q3 24 | 23.7% | 51.9% | ||
| Q2 24 | 26.0% | 51.7% |
净利率CSLSPG
| Q1 26 | 12.1% | — | ||
| Q4 25 | 11.3% | 197.6% | ||
| Q3 25 | 15.9% | 43.9% | ||
| Q2 25 | 17.6% | 43.0% | ||
| Q1 25 | 13.1% | 32.4% | ||
| Q4 24 | 14.5% | 48.8% | ||
| Q3 24 | 18.3% | 36.9% | ||
| Q2 24 | 49.1% | 39.0% |
每股收益（稀释后）CSLSPG
| Q1 26 | $3.10 | — | ||
| Q4 25 | $3.06 | $9.34 | ||
| Q3 25 | $4.98 | $1.86 | ||
| Q2 25 | $5.88 | $1.70 | ||
| Q1 25 | $3.20 | $1.27 | ||
| Q4 24 | $3.76 | $2.04 | ||
| Q3 24 | $5.25 | $1.46 | ||
| Q2 24 | $14.84 | $1.51 |
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 | $771.3M | $823.1M |
| 总债务越低越好 | — | $28.4B |
| 股东权益账面价值 | $1.7B | $5.2B |
| 总资产 | — | $40.6B |
| 负债/权益比越低杠杆越低 | — | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资CSLSPG
| Q1 26 | $771.3M | — | ||
| Q4 25 | $1.1B | $823.1M | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $68.4M | $1.2B | ||
| Q1 25 | $220.2M | $1.4B | ||
| Q4 24 | $753.5M | $1.4B | ||
| Q3 24 | $1.5B | $2.5B | ||
| Q2 24 | $1.7B | $2.5B |
总债务CSLSPG
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $28.4B | ||
| Q3 25 | $2.9B | $25.8B | ||
| Q2 25 | $1.9B | $25.4B | ||
| Q1 25 | $1.9B | $24.8B | ||
| Q4 24 | $1.9B | $24.3B | ||
| Q3 24 | $2.3B | $25.4B | ||
| Q2 24 | $2.3B | $25.3B |
股东权益CSLSPG
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.8B | $5.2B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $2.1B | $2.5B | ||
| Q1 25 | $2.2B | $2.6B | ||
| Q4 24 | $2.5B | $2.9B | ||
| Q3 24 | $2.8B | $2.7B | ||
| Q2 24 | $3.0B | $2.9B |
总资产CSLSPG
| Q1 26 | — | — | ||
| Q4 25 | $6.3B | $40.6B | ||
| Q3 25 | $6.5B | $33.6B | ||
| Q2 25 | $5.5B | $33.3B | ||
| Q1 25 | $5.5B | $32.5B | ||
| Q4 24 | $5.8B | $32.4B | ||
| Q3 24 | $6.5B | $33.3B | ||
| Q2 24 | $6.7B | $33.4B |
负债/权益比CSLSPG
| Q1 26 | — | — | ||
| Q4 25 | 1.61× | 5.46× | ||
| Q3 25 | 1.45× | 10.98× | ||
| Q2 25 | 0.89× | 10.36× | ||
| Q1 25 | 0.87× | 9.50× | ||
| Q4 24 | 0.77× | 8.25× | ||
| Q3 24 | 0.83× | 9.37× | ||
| Q2 24 | 0.76× | 8.59× |
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 | — | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $-73.0M | $948.8M |
| 自由现金流率自由现金流/营收 | -6.9% | 53.0% |
| 资本支出强度资本支出/营收 | 2.7% | 14.2% |
| 现金转化率经营现金流/净利润 | — | 0.34× |
| 过去12个月自由现金流最近4个季度 | $924.8M | $3.2B |
8季度趋势，按日历期对齐
经营现金流CSLSPG
| Q1 26 | — | — | ||
| Q4 25 | $386.0M | $1.2B | ||
| Q3 25 | $426.9M | $890.3M | ||
| Q2 25 | $287.1M | $1.2B | ||
| Q1 25 | $1.8M | $827.2M | ||
| Q4 24 | $370.6M | $1.1B | ||
| Q3 24 | $312.8M | $892.9M | ||
| Q2 24 | $183.4M | $1.1B |
自由现金流CSLSPG
| Q1 26 | $-73.0M | — | ||
| Q4 25 | $346.1M | $948.8M | ||
| Q3 25 | $393.4M | $685.0M | ||
| Q2 25 | $258.3M | $971.3M | ||
| Q1 25 | $-27.2M | $597.0M | ||
| Q4 24 | $334.0M | $867.7M | ||
| Q3 24 | $293.5M | $706.5M | ||
| Q2 24 | $158.5M | $874.8M |
自由现金流率CSLSPG
| Q1 26 | -6.9% | — | ||
| Q4 25 | 30.7% | 53.0% | ||
| Q3 25 | 29.2% | 42.8% | ||
| Q2 25 | 17.8% | 64.8% | ||
| Q1 25 | -2.5% | 40.5% | ||
| Q4 24 | 29.7% | 54.8% | ||
| Q3 24 | 22.0% | 47.7% | ||
| Q2 24 | 10.9% | 60.0% |
资本支出强度CSLSPG
| Q1 26 | 2.7% | — | ||
| Q4 25 | 3.5% | 14.2% | ||
| Q3 25 | 2.5% | 12.8% | ||
| Q2 25 | 2.0% | 16.3% | ||
| Q1 25 | 2.6% | 15.6% | ||
| Q4 24 | 3.3% | 13.8% | ||
| Q3 24 | 1.4% | 12.6% | ||
| Q2 24 | 1.7% | 12.9% |
现金转化率CSLSPG
| Q1 26 | — | — | ||
| Q4 25 | 3.03× | 0.34× | ||
| Q3 25 | 1.99× | 1.27× | ||
| Q2 25 | 1.12× | 1.89× | ||
| Q1 25 | 0.01× | 1.73× | ||
| Q4 24 | 2.28× | 1.41× | ||
| Q3 24 | 1.28× | 1.63× | ||
| Q2 24 | 0.26× | 1.87× |
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
CSL
| CCM | $758.0M | 72% |
| CWT | $294.0M | 28% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
