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CSW INDUSTRIALS, INC.（CSW）与Fat Brands, Inc（FAT）财务数据对比。点击上方公司名可切换其他公司
CSW INDUSTRIALS, INC.的季度营收约是Fat Brands, Inc的1.7倍（$233.0M vs $140.0M），CSW INDUSTRIALS, INC.净利率更高（4.4% vs -41.6%，领先46.0%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs -2.3%），CSW INDUSTRIALS, INC.自由现金流更多（$22.7M vs $-16.9M），过去两年CSW INDUSTRIALS, INC.的营收复合增速更高（5.1% vs -6.1%）
FAT Brands是来自美国的多品牌餐饮与体育酒吧连锁运营商，总部位于加利福尼亚州比弗利山庄，主要开展餐饮品牌的连锁加盟运营业务，旗下涵盖多个餐饮及休闲体育酒吧品牌。
CSW vs FAT — 直观对比
营收规模更大
CSW
是对方的1.7倍
$140.0M
营收增速更快
CSW
高出22.7%
-2.3%
净利率更高
CSW
高出46.0%
-41.6%
自由现金流更多
CSW
多$39.6M
$-16.9M
两年增速更快
CSW
近两年复合增速
-6.1%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $140.0M |
| 净利润 | $10.3M | $-58.2M |
| 毛利率 | 39.7% | — |
| 营业利润率 | 7.4% | -12.4% |
| 净利率 | 4.4% | -41.6% |
| 营收同比 | 20.3% | -2.3% |
| 净利润同比 | -61.9% | -30.1% |
| 每股收益（稀释后） | $0.62 | $-3.39 |
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CSWFAT
| Q4 25 | $233.0M | — | ||
| Q3 25 | $277.0M | $140.0M | ||
| Q2 25 | $263.6M | $146.8M | ||
| Q1 25 | $230.5M | $142.0M | ||
| Q4 24 | $193.6M | $145.3M | ||
| Q3 24 | $227.9M | $143.4M | ||
| Q2 24 | $226.2M | $152.0M | ||
| Q1 24 | $210.9M | $152.0M |
净利润CSWFAT
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $-58.2M | ||
| Q2 25 | $40.9M | $-54.2M | ||
| Q1 25 | $35.1M | $-46.0M | ||
| Q4 24 | $26.9M | $-67.4M | ||
| Q3 24 | $36.1M | $-44.8M | ||
| Q2 24 | $38.6M | $-39.4M | ||
| Q1 24 | $31.8M | $-38.3M |
毛利率CSWFAT
| 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CSWFAT
| Q4 25 | 7.4% | — | ||
| Q3 25 | 20.5% | -12.4% | ||
| Q2 25 | 20.8% | -10.6% | ||
| Q1 25 | 19.5% | -6.0% | ||
| Q4 24 | 15.3% | -27.1% | ||
| Q3 24 | 22.6% | -6.2% | ||
| Q2 24 | 24.3% | -1.8% | ||
| Q1 24 | 21.0% | -0.9% |
净利率CSWFAT
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | -41.6% | ||
| Q2 25 | 15.5% | -36.9% | ||
| Q1 25 | 15.2% | -32.4% | ||
| Q4 24 | 13.9% | -46.4% | ||
| Q3 24 | 15.8% | -31.2% | ||
| Q2 24 | 17.1% | -25.9% | ||
| Q1 24 | 15.1% | -25.2% |
每股收益（稀释后）CSWFAT
| Q4 25 | $0.62 | — | ||
| Q3 25 | $2.41 | $-3.39 | ||
| Q2 25 | $2.43 | $-3.17 | ||
| Q1 25 | $2.05 | $-2.73 | ||
| Q4 24 | $1.60 | $-4.06 | ||
| Q3 24 | $2.26 | $-2.74 | ||
| Q2 24 | $2.47 | $-2.43 | ||
| Q1 24 | $2.03 | $-2.37 |
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 | — |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $1.1B | $-585.8M |
| 总资产 | $2.3B | $1.2B |
| 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CSWFAT
| Q4 25 | $40.2M | — | ||
| Q3 25 | $31.5M | — | ||
| Q2 25 | $38.0M | — | ||
| Q1 25 | $225.8M | — | ||
| Q4 24 | $213.8M | — | ||
| Q3 24 | $273.2M | — | ||
| Q2 24 | $18.9M | — | ||
| Q1 24 | $22.2M | — |
总债务CSWFAT
| Q4 25 | — | — | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | $800.1M | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | $166.0M | $1.2B |
股东权益CSWFAT
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $-585.8M | ||
| Q2 25 | $1.1B | $-536.5M | ||
| Q1 25 | $1.1B | $-493.9M | ||
| Q4 24 | $1.0B | $-455.7M | ||
| Q3 24 | $1.0B | $-386.1M | ||
| Q2 24 | $650.2M | $-338.6M | ||
| Q1 24 | $615.7M | $-296.8M |
总资产CSWFAT
| Q4 25 | $2.3B | — | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.0B | $1.4B |
负债/权益比CSWFAT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| 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 | $-14.5M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $-16.9M |
| 自由现金流率自由现金流/营收 | 9.8% | -12.1% |
| 资本支出强度资本支出/营收 | 2.6% | 1.7% |
| 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 | $-75.0M |
8季度趋势，按日历期对齐
经营现金流CSWFAT
| Q4 25 | $28.9M | — | ||
| Q3 25 | $61.8M | $-14.5M | ||
| Q2 25 | $60.6M | $-26.9M | ||
| Q1 25 | $27.3M | $-13.2M | ||
| Q4 24 | $11.6M | $-10.4M | ||
| Q3 24 | $66.8M | $-3.2M | ||
| Q2 24 | $62.7M | $-14.2M | ||
| Q1 24 | $22.4M | $-28.4M |
自由现金流CSWFAT
| Q4 25 | $22.7M | — | ||
| Q3 25 | $58.7M | $-16.9M | ||
| Q2 25 | $57.7M | $-29.3M | ||
| Q1 25 | $22.8M | $-17.8M | ||
| Q4 24 | $8.5M | $-11.0M | ||
| Q3 24 | $61.3M | $-11.1M | ||
| Q2 24 | $59.6M | $-24.4M | ||
| Q1 24 | $17.5M | $-32.5M |
自由现金流率CSWFAT
| Q4 25 | 9.8% | — | ||
| Q3 25 | 21.2% | -12.1% | ||
| Q2 25 | 21.9% | -20.0% | ||
| Q1 25 | 9.9% | -12.5% | ||
| Q4 24 | 4.4% | -7.6% | ||
| Q3 24 | 26.9% | -7.7% | ||
| Q2 24 | 26.3% | -16.1% | ||
| Q1 24 | 8.3% | -21.4% |
资本支出强度CSWFAT
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | 1.7% | ||
| Q2 25 | 1.1% | 1.6% | ||
| Q1 25 | 2.0% | 3.2% | ||
| Q4 24 | 1.6% | 0.4% | ||
| Q3 24 | 2.4% | 5.5% | ||
| Q2 24 | 1.4% | 6.7% | ||
| Q1 24 | 2.3% | 2.7% |
现金转化率CSWFAT
| 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× | — |
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% |
FAT
| Restaurant Sales | $96.6M | 69% |
| Royalty | $21.6M | 15% |
| Factory | $9.6M | 7% |
| Advertising | $9.1M | 7% |
| Franchisor | $1.5M | 1% |
| Other | $1.5M | 1% |
