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CSW INDUSTRIALS, INC.（CSW）与DT Midstream, Inc.（DTM）财务数据对比。点击上方公司名可切换其他公司
DT Midstream, Inc.的季度营收约是CSW INDUSTRIALS, INC.的1.4倍（$317.0M vs $233.0M），DT Midstream, Inc.净利率更高（35.0% vs 4.4%，领先30.6%），DT Midstream, Inc.同比增速更快（27.3% vs 20.3%），DT Midstream, Inc.自由现金流更多（$30.0M vs $22.7M），过去两年DT Midstream, Inc.的营收复合增速更高（14.9% vs 5.1%）
ONEOK是美国油气中游运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及存储服务，是财富500强企业及标普500指数成分股。公司1906年成立时名为俄克拉荷马天然气公司，1980年更为现名。
CSW vs DTM — 直观对比
营收规模更大
DTM
是对方的1.4倍
$233.0M
营收增速更快
DTM
高出7.0%
20.3%
净利率更高
DTM
高出30.6%
4.4%
自由现金流更多
DTM
多$7.3M
$22.7M
两年增速更快
DTM
近两年复合增速
5.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $317.0M |
| 净利润 | $10.3M | $111.0M |
| 毛利率 | 39.7% | — |
| 营业利润率 | 7.4% | 49.2% |
| 净利率 | 4.4% | 35.0% |
| 营收同比 | 20.3% | 27.3% |
| 净利润同比 | -61.9% | 52.1% |
| 每股收益（稀释后） | $0.62 | $1.07 |
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CSWDTM
| Q4 25 | $233.0M | $317.0M | ||
| Q3 25 | $277.0M | $314.0M | ||
| Q2 25 | $263.6M | $309.0M | ||
| Q1 25 | $230.5M | $303.0M | ||
| Q4 24 | $193.6M | $249.0M | ||
| Q3 24 | $227.9M | $248.0M | ||
| Q2 24 | $226.2M | $244.0M | ||
| Q1 24 | $210.9M | $240.0M |
净利润CSWDTM
| Q4 25 | $10.3M | $111.0M | ||
| Q3 25 | $40.7M | $115.0M | ||
| Q2 25 | $40.9M | $107.0M | ||
| Q1 25 | $35.1M | $108.0M | ||
| Q4 24 | $26.9M | $73.0M | ||
| Q3 24 | $36.1M | $88.0M | ||
| Q2 24 | $38.6M | $96.0M | ||
| Q1 24 | $31.8M | $97.0M |
毛利率CSWDTM
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 44.4% | — |
营业利润率CSWDTM
| Q4 25 | 7.4% | 49.2% | ||
| Q3 25 | 20.5% | 49.4% | ||
| Q2 25 | 20.8% | 50.2% | ||
| Q1 25 | 19.5% | 48.8% | ||
| Q4 24 | 15.3% | 45.4% | ||
| Q3 24 | 22.6% | 49.2% | ||
| Q2 24 | 24.3% | 53.3% | ||
| Q1 24 | 21.0% | 51.7% |
净利率CSWDTM
| Q4 25 | 4.4% | 35.0% | ||
| Q3 25 | 14.7% | 36.6% | ||
| Q2 25 | 15.5% | 34.6% | ||
| Q1 25 | 15.2% | 35.6% | ||
| Q4 24 | 13.9% | 29.3% | ||
| Q3 24 | 15.8% | 35.5% | ||
| Q2 24 | 17.1% | 39.3% | ||
| Q1 24 | 15.1% | 40.4% |
每股收益（稀释后）CSWDTM
| Q4 25 | $0.62 | $1.07 | ||
| Q3 25 | $2.41 | $1.13 | ||
| Q2 25 | $2.43 | $1.04 | ||
| Q1 25 | $2.05 | $1.06 | ||
| Q4 24 | $1.60 | $0.73 | ||
| Q3 24 | $2.26 | $0.90 | ||
| Q2 24 | $2.47 | $0.98 | ||
| Q1 24 | $2.03 | $0.99 |
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 | $40.2M | $54.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $4.7B |
| 总资产 | $2.3B | $10.1B |
| 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CSWDTM
| Q4 25 | $40.2M | $54.0M | ||
| Q3 25 | $31.5M | $98.0M | ||
| Q2 25 | $38.0M | $74.0M | ||
| Q1 25 | $225.8M | $83.0M | ||
| Q4 24 | $213.8M | $68.0M | ||
| Q3 24 | $273.2M | $77.0M | ||
| Q2 24 | $18.9M | $73.0M | ||
| Q1 24 | $22.2M | $41.0M |
总债务CSWDTM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
股东权益CSWDTM
| Q4 25 | $1.1B | $4.7B | ||
| Q3 25 | $1.1B | $4.7B | ||
| Q2 25 | $1.1B | $4.7B | ||
| Q1 25 | $1.1B | $4.6B | ||
| Q4 24 | $1.0B | $4.6B | ||
| Q3 24 | $1.0B | $4.2B | ||
| Q2 24 | $650.2M | $4.2B | ||
| Q1 24 | $615.7M | $4.2B |
总资产CSWDTM
| Q4 25 | $2.3B | $10.1B | ||
| Q3 25 | $1.5B | $10.1B | ||
| Q2 25 | $1.5B | $10.0B | ||
| Q1 25 | $1.4B | $9.9B | ||
| Q4 24 | $1.4B | $9.9B | ||
| Q3 24 | $1.4B | $8.6B | ||
| Q2 24 | $1.1B | $9.0B | ||
| Q1 24 | $1.0B | $9.0B |
负债/权益比CSWDTM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.27× | — |
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 | $28.9M | $161.0M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $30.0M |
| 自由现金流率自由现金流/营收 | 9.8% | 9.5% |
| 资本支出强度资本支出/营收 | 2.6% | 41.3% |
| 现金转化率经营现金流/净利润 | 2.81× | 1.45× |
| 过去12个月自由现金流最近4个季度 | $162.0M | $441.0M |
8季度趋势，按日历期对齐
经营现金流CSWDTM
| Q4 25 | $28.9M | $161.0M | ||
| Q3 25 | $61.8M | $274.0M | ||
| Q2 25 | $60.6M | $185.0M | ||
| Q1 25 | $27.3M | $247.0M | ||
| Q4 24 | $11.6M | $152.0M | ||
| Q3 24 | $66.8M | $205.0M | ||
| Q2 24 | $62.7M | $165.0M | ||
| Q1 24 | $22.4M | $241.0M |
自由现金流CSWDTM
| Q4 25 | $22.7M | $30.0M | ||
| Q3 25 | $58.7M | $131.0M | ||
| Q2 25 | $57.7M | $104.0M | ||
| Q1 25 | $22.8M | $176.0M | ||
| Q4 24 | $8.5M | $62.0M | ||
| Q3 24 | $61.3M | $124.0M | ||
| Q2 24 | $59.6M | $84.0M | ||
| Q1 24 | $17.5M | $143.0M |
自由现金流率CSWDTM
| Q4 25 | 9.8% | 9.5% | ||
| Q3 25 | 21.2% | 41.7% | ||
| Q2 25 | 21.9% | 33.7% | ||
| Q1 25 | 9.9% | 58.1% | ||
| Q4 24 | 4.4% | 24.9% | ||
| Q3 24 | 26.9% | 50.0% | ||
| Q2 24 | 26.3% | 34.4% | ||
| Q1 24 | 8.3% | 59.6% |
资本支出强度CSWDTM
| Q4 25 | 2.6% | 41.3% | ||
| Q3 25 | 1.1% | 45.5% | ||
| Q2 25 | 1.1% | 26.2% | ||
| Q1 25 | 2.0% | 23.4% | ||
| Q4 24 | 1.6% | 36.1% | ||
| Q3 24 | 2.4% | 32.7% | ||
| Q2 24 | 1.4% | 33.2% | ||
| Q1 24 | 2.3% | 40.8% |
现金转化率CSWDTM
| Q4 25 | 2.81× | 1.45× | ||
| Q3 25 | 1.52× | 2.38× | ||
| Q2 25 | 1.48× | 1.73× | ||
| Q1 25 | 0.78× | 2.29× | ||
| Q4 24 | 0.43× | 2.08× | ||
| Q3 24 | 1.85× | 2.33× | ||
| Q2 24 | 1.62× | 1.72× | ||
| Q1 24 | 0.71× | 2.48× |
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
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
DTM
| Pipeline Segment | $173.0M | 55% |
| Gathering Segment | $144.0M | 45% |
