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CSW INDUSTRIALS, INC.（CSW）与FTAI Infrastructure Inc.（FIP）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FTAI Infrastructure Inc.的1.6倍（$233.0M vs $143.5M），CSW INDUSTRIALS, INC.净利率更高（4.4% vs -68.1%，领先72.5%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 20.3%），CSW INDUSTRIALS, INC.自由现金流更多（$22.7M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 5.1%）
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
CSW vs FIP — 直观对比
营收规模更大
CSW
是对方的1.6倍
$143.5M
营收增速更快
FIP
高出57.4%
20.3%
净利率更高
CSW
高出72.5%
-68.1%
自由现金流更多
CSW
多$91.4M
$-68.6M
两年增速更快
FIP
近两年复合增速
5.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $143.5M |
| 净利润 | $10.3M | $-97.7M |
| 毛利率 | 39.7% | — |
| 营业利润率 | 7.4% | -45.7% |
| 净利率 | 4.4% | -68.1% |
| 营收同比 | 20.3% | 77.7% |
| 净利润同比 | -61.9% | 21.6% |
| 每股收益（稀释后） | $0.62 | $-1.04 |
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CSWFIP
| Q4 25 | $233.0M | $143.5M | ||
| Q3 25 | $277.0M | $140.6M | ||
| Q2 25 | $263.6M | $122.3M | ||
| Q1 25 | $230.5M | $96.2M | ||
| Q4 24 | $193.6M | $80.8M | ||
| Q3 24 | $227.9M | $83.3M | ||
| Q2 24 | $226.2M | $84.9M | ||
| Q1 24 | $210.9M | $82.5M |
净利润CSWFIP
| Q4 25 | $10.3M | $-97.7M | ||
| Q3 25 | $40.7M | $-104.5M | ||
| Q2 25 | $40.9M | $-70.0M | ||
| Q1 25 | $35.1M | $120.2M | ||
| Q4 24 | $26.9M | $-124.7M | ||
| Q3 24 | $36.1M | $-43.0M | ||
| Q2 24 | $38.6M | $-48.1M | ||
| Q1 24 | $31.8M | $-50.3M |
毛利率CSWFIP
| 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CSWFIP
| Q4 25 | 7.4% | -45.7% | ||
| Q3 25 | 20.5% | -70.8% | ||
| Q2 25 | 20.8% | -56.4% | ||
| Q1 25 | 19.5% | 81.8% | ||
| Q4 24 | 15.3% | -152.7% | ||
| Q3 24 | 22.6% | -51.7% | ||
| Q2 24 | 24.3% | -56.4% | ||
| Q1 24 | 21.0% | -58.8% |
净利率CSWFIP
| Q4 25 | 4.4% | -68.1% | ||
| Q3 25 | 14.7% | -74.4% | ||
| Q2 25 | 15.5% | -57.2% | ||
| Q1 25 | 15.2% | 125.0% | ||
| Q4 24 | 13.9% | -154.4% | ||
| Q3 24 | 15.8% | -51.6% | ||
| Q2 24 | 17.1% | -56.7% | ||
| Q1 24 | 15.1% | -60.9% |
每股收益（稀释后）CSWFIP
| Q4 25 | $0.62 | $-1.04 | ||
| Q3 25 | $2.41 | $-1.38 | ||
| Q2 25 | $2.43 | $-0.73 | ||
| Q1 25 | $2.05 | $0.89 | ||
| Q4 24 | $1.60 | $-1.21 | ||
| Q3 24 | $2.26 | $-0.45 | ||
| Q2 24 | $2.47 | $-0.52 | ||
| Q1 24 | $2.03 | $-0.54 |
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 | $57.4M |
| 总债务越低越好 | — | $3.8B |
| 股东权益账面价值 | $1.1B | $21.3M |
| 总资产 | $2.3B | $5.7B |
| 负债/权益比越低杠杆越低 | — | 176.99× |
8季度趋势，按日历期对齐
现金及短期投资CSWFIP
| Q4 25 | $40.2M | $57.4M | ||
| Q3 25 | $31.5M | $34.7M | ||
| Q2 25 | $38.0M | $33.6M | ||
| Q1 25 | $225.8M | $26.3M | ||
| Q4 24 | $213.8M | $27.8M | ||
| Q3 24 | $273.2M | $20.3M | ||
| Q2 24 | $18.9M | $33.1M | ||
| Q1 24 | $22.2M | $23.0M |
总债务CSWFIP
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | $800.1M | $2.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | $166.0M | $1.3B |
股东权益CSWFIP
| Q4 25 | $1.1B | $21.3M | ||
| Q3 25 | $1.1B | $181.1M | ||
| Q2 25 | $1.1B | $375.5M | ||
| Q1 25 | $1.1B | $476.2M | ||
| Q4 24 | $1.0B | $202.7M | ||
| Q3 24 | $1.0B | $370.8M | ||
| Q2 24 | $650.2M | $394.8M | ||
| Q1 24 | $615.7M | $402.5M |
总资产CSWFIP
| Q4 25 | $2.3B | $5.7B | ||
| Q3 25 | $1.5B | $5.5B | ||
| Q2 25 | $1.5B | $4.4B | ||
| Q1 25 | $1.4B | $4.1B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.1B | $2.5B | ||
| Q1 24 | $1.0B | $2.3B |
负债/权益比CSWFIP
| Q4 25 | — | 176.99× | ||
| Q3 25 | — | 20.59× | ||
| Q2 25 | — | 8.21× | ||
| Q1 25 | 0.75× | 5.79× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× | ||
| Q1 24 | 0.27× | 3.34× |
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 | $-2.8M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $-68.6M |
| 自由现金流率自由现金流/营收 | 9.8% | -47.8% |
| 资本支出强度资本支出/营收 | 2.6% | 45.9% |
| 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 | $-398.5M |
8季度趋势，按日历期对齐
经营现金流CSWFIP
| Q4 25 | $28.9M | $-2.8M | ||
| Q3 25 | $61.8M | $-24.4M | ||
| Q2 25 | $60.6M | $-5.2M | ||
| Q1 25 | $27.3M | $-85.7M | ||
| Q4 24 | $11.6M | $-8.1M | ||
| Q3 24 | $66.8M | $14.2M | ||
| Q2 24 | $62.7M | $-17.6M | ||
| Q1 24 | $22.4M | $-3.9M |
自由现金流CSWFIP
| Q4 25 | $22.7M | $-68.6M | ||
| Q3 25 | $58.7M | $-90.7M | ||
| Q2 25 | $57.7M | $-87.5M | ||
| Q1 25 | $22.8M | $-151.7M | ||
| Q4 24 | $8.5M | $-34.3M | ||
| Q3 24 | $61.3M | $-11.7M | ||
| Q2 24 | $59.6M | $-32.1M | ||
| Q1 24 | $17.5M | $-16.7M |
自由现金流率CSWFIP
| Q4 25 | 9.8% | -47.8% | ||
| Q3 25 | 21.2% | -64.5% | ||
| Q2 25 | 21.9% | -71.6% | ||
| Q1 25 | 9.9% | -157.7% | ||
| Q4 24 | 4.4% | -42.4% | ||
| Q3 24 | 26.9% | -14.0% | ||
| Q2 24 | 26.3% | -37.9% | ||
| Q1 24 | 8.3% | -20.3% |
资本支出强度CSWFIP
| Q4 25 | 2.6% | 45.9% | ||
| Q3 25 | 1.1% | 47.2% | ||
| Q2 25 | 1.1% | 67.3% | ||
| Q1 25 | 2.0% | 68.6% | ||
| Q4 24 | 1.6% | 32.5% | ||
| Q3 24 | 2.4% | 31.1% | ||
| Q2 24 | 1.4% | 17.2% | ||
| Q1 24 | 2.3% | 15.6% |
现金转化率CSWFIP
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | -0.71× | ||
| 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% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
