vs
CSW INDUSTRIALS, INC.（CSW）与Elastic N.V.（ESTC）财务数据对比。点击上方公司名可切换其他公司
Elastic N.V.的季度营收约是CSW INDUSTRIALS, INC.的1.8倍（$423.5M vs $233.0M），CSW INDUSTRIALS, INC.净利率更高（4.4% vs -12.1%，领先16.5%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs 15.9%），Elastic N.V.自由现金流更多（$26.0M vs $22.7M），过去两年Elastic N.V.的营收复合增速更高（13.6% vs 5.1%）
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
CSW vs ESTC — 直观对比
营收规模更大
ESTC
是对方的1.8倍
$233.0M
营收增速更快
CSW
高出4.4%
15.9%
净利率更高
CSW
高出16.5%
-12.1%
自由现金流更多
ESTC
多$3.3M
$22.7M
两年增速更快
ESTC
近两年复合增速
5.1%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $423.5M |
| 净利润 | $10.3M | $-51.3M |
| 毛利率 | 39.7% | 75.9% |
| 营业利润率 | 7.4% | -1.9% |
| 净利率 | 4.4% | -12.1% |
| 营收同比 | 20.3% | 15.9% |
| 净利润同比 | -61.9% | -101.5% |
| 每股收益（稀释后） | $0.62 | $-0.48 |
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CSWESTC
| Q4 25 | $233.0M | $423.5M | ||
| Q3 25 | $277.0M | $415.3M | ||
| Q2 25 | $263.6M | $388.4M | ||
| Q1 25 | $230.5M | $382.1M | ||
| Q4 24 | $193.6M | $365.4M | ||
| Q3 24 | $227.9M | $347.4M | ||
| Q2 24 | $226.2M | $335.0M | ||
| Q1 24 | $210.9M | $328.0M |
净利润CSWESTC
| Q4 25 | $10.3M | $-51.3M | ||
| Q3 25 | $40.7M | $-24.6M | ||
| Q2 25 | $40.9M | $-16.4M | ||
| Q1 25 | $35.1M | $-17.1M | ||
| Q4 24 | $26.9M | $-25.4M | ||
| Q3 24 | $36.1M | $-49.2M | ||
| Q2 24 | $38.6M | $-41.1M | ||
| Q1 24 | $31.8M | $176.1M |
毛利率CSWESTC
| Q4 25 | 39.7% | 75.9% | ||
| Q3 25 | 43.0% | 76.7% | ||
| Q2 25 | 43.8% | 74.8% | ||
| Q1 25 | 44.2% | 74.6% | ||
| Q4 24 | 41.4% | 74.5% | ||
| Q3 24 | 45.6% | 73.6% | ||
| Q2 24 | 47.5% | 73.8% | ||
| Q1 24 | 44.4% | 74.2% |
营业利润率CSWESTC
| Q4 25 | 7.4% | -1.9% | ||
| Q3 25 | 20.5% | -2.3% | ||
| Q2 25 | 20.8% | -3.1% | ||
| Q1 25 | 19.5% | -1.2% | ||
| Q4 24 | 15.3% | -1.2% | ||
| Q3 24 | 22.6% | -9.7% | ||
| Q2 24 | 24.3% | -13.6% | ||
| Q1 24 | 21.0% | -8.1% |
净利率CSWESTC
| Q4 25 | 4.4% | -12.1% | ||
| Q3 25 | 14.7% | -5.9% | ||
| Q2 25 | 15.5% | -4.2% | ||
| Q1 25 | 15.2% | -4.5% | ||
| Q4 24 | 13.9% | -7.0% | ||
| Q3 24 | 15.8% | -14.2% | ||
| Q2 24 | 17.1% | -12.3% | ||
| Q1 24 | 15.1% | 53.7% |
每股收益（稀释后）CSWESTC
| Q4 25 | $0.62 | $-0.48 | ||
| Q3 25 | $2.41 | $-0.23 | ||
| Q2 25 | $2.43 | $-0.15 | ||
| Q1 25 | $2.05 | $-0.16 | ||
| Q4 24 | $1.60 | $-0.25 | ||
| Q3 24 | $2.26 | $-0.48 | ||
| Q2 24 | $2.47 | $-0.35 | ||
| Q1 24 | $2.03 | $1.69 |
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 | $1.4B |
| 总债务越低越好 | — | $570.3M |
| 股东权益账面价值 | $1.1B | $891.1M |
| 总资产 | $2.3B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资CSWESTC
| Q4 25 | $40.2M | $1.4B | ||
| Q3 25 | $31.5M | $1.5B | ||
| Q2 25 | $38.0M | $1.4B | ||
| Q1 25 | $225.8M | $584.0M | ||
| Q4 24 | $213.8M | $658.5M | ||
| Q3 24 | $273.2M | $594.9M | ||
| Q2 24 | $18.9M | $1.1B | ||
| Q1 24 | $22.2M | $526.9M |
总债务CSWESTC
| Q4 25 | — | $570.3M | ||
| Q3 25 | — | $570.0M | ||
| Q2 25 | — | $569.7M | ||
| Q1 25 | $800.1M | $569.4M | ||
| Q4 24 | — | $569.2M | ||
| Q3 24 | — | $568.9M | ||
| Q2 24 | — | $568.6M | ||
| Q1 24 | $166.0M | $568.3M |
股东权益CSWESTC
| Q4 25 | $1.1B | $891.1M | ||
| Q3 25 | $1.1B | $971.4M | ||
| Q2 25 | $1.1B | $927.2M | ||
| Q1 25 | $1.1B | $859.1M | ||
| Q4 24 | $1.0B | $811.5M | ||
| Q3 24 | $1.0B | $759.4M | ||
| Q2 24 | $650.2M | $738.2M | ||
| Q1 24 | $615.7M | $707.8M |
总资产CSWESTC
| Q4 25 | $2.3B | $2.5B | ||
| Q3 25 | $1.5B | $2.5B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.1B | $2.2B | ||
| Q1 24 | $1.0B | $2.1B |
负债/权益比CSWESTC
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | 0.75× | 0.66× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.75× | ||
| Q2 24 | — | 0.77× | ||
| Q1 24 | 0.27× | 0.80× |
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 | $26.6M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $26.0M |
| 自由现金流率自由现金流/营收 | 9.8% | 6.1% |
| 资本支出强度资本支出/营收 | 2.6% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.81× | — |
| 过去12个月自由现金流最近4个季度 | $162.0M | $302.3M |
8季度趋势，按日历期对齐
经营现金流CSWESTC
| Q4 25 | $28.9M | $26.6M | ||
| Q3 25 | $61.8M | $104.8M | ||
| Q2 25 | $60.6M | $87.0M | ||
| Q1 25 | $27.3M | $88.1M | ||
| Q4 24 | $11.6M | $38.4M | ||
| Q3 24 | $66.8M | $52.8M | ||
| Q2 24 | $62.7M | $60.9M | ||
| Q1 24 | $22.4M | $52.4M |
自由现金流CSWESTC
| Q4 25 | $22.7M | $26.0M | ||
| Q3 25 | $58.7M | $104.2M | ||
| Q2 25 | $57.7M | $84.9M | ||
| Q1 25 | $22.8M | $87.3M | ||
| Q4 24 | $8.5M | $37.7M | ||
| Q3 24 | $61.3M | $52.0M | ||
| Q2 24 | $59.6M | $60.1M | ||
| Q1 24 | $17.5M | $51.3M |
自由现金流率CSWESTC
| Q4 25 | 9.8% | 6.1% | ||
| Q3 25 | 21.2% | 25.1% | ||
| Q2 25 | 21.9% | 21.8% | ||
| Q1 25 | 9.9% | 22.8% | ||
| Q4 24 | 4.4% | 10.3% | ||
| Q3 24 | 26.9% | 15.0% | ||
| Q2 24 | 26.3% | 17.9% | ||
| Q1 24 | 8.3% | 15.6% |
资本支出强度CSWESTC
| Q4 25 | 2.6% | 0.1% | ||
| Q3 25 | 1.1% | 0.2% | ||
| Q2 25 | 1.1% | 0.5% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 1.6% | 0.2% | ||
| Q3 24 | 2.4% | 0.2% | ||
| Q2 24 | 1.4% | 0.3% | ||
| Q1 24 | 2.3% | 0.3% |
现金转化率CSWESTC
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.71× | 0.30× |
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% |
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
