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CSW INDUSTRIALS, INC.（CSW）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
Forestar Group Inc.的季度营收约是CSW INDUSTRIALS, INC.的1.2倍（$273.0M vs $233.0M），Forestar Group Inc.净利率更高（5.6% vs 4.4%，领先1.2%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs 9.0%），CSW INDUSTRIALS, INC.自由现金流更多（$22.7M vs $-157.1M），过去两年CSW INDUSTRIALS, INC.的营收复合增速更高（5.1% vs -9.6%）
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
CSW vs FOR — 直观对比
营收规模更大
FOR
是对方的1.2倍
$233.0M
营收增速更快
CSW
高出11.3%
9.0%
净利率更高
FOR
高出1.2%
4.4%
自由现金流更多
CSW
多$179.8M
$-157.1M
两年增速更快
CSW
近两年复合增速
-9.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $273.0M |
| 净利润 | $10.3M | $15.4M |
| 毛利率 | 39.7% | 20.1% |
| 营业利润率 | 7.4% | 7.6% |
| 净利率 | 4.4% | 5.6% |
| 营收同比 | 20.3% | 9.0% |
| 净利润同比 | -61.9% | -6.7% |
| 每股收益（稀释后） | $0.62 | $0.30 |
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CSWFOR
| Q4 25 | $233.0M | $273.0M | ||
| Q3 25 | $277.0M | $670.5M | ||
| Q2 25 | $263.6M | $390.5M | ||
| Q1 25 | $230.5M | $351.0M | ||
| Q4 24 | $193.6M | $250.4M | ||
| Q3 24 | $227.9M | $551.3M | ||
| Q2 24 | $226.2M | $318.4M | ||
| Q1 24 | $210.9M | $333.8M |
净利润CSWFOR
| Q4 25 | $10.3M | $15.4M | ||
| Q3 25 | $40.7M | $86.9M | ||
| Q2 25 | $40.9M | $32.9M | ||
| Q1 25 | $35.1M | $31.6M | ||
| Q4 24 | $26.9M | $16.5M | ||
| Q3 24 | $36.1M | $81.5M | ||
| Q2 24 | $38.6M | $38.7M | ||
| Q1 24 | $31.8M | $45.0M |
毛利率CSWFOR
| Q4 25 | 39.7% | 20.1% | ||
| Q3 25 | 43.0% | 22.3% | ||
| Q2 25 | 43.8% | 20.4% | ||
| Q1 25 | 44.2% | 22.6% | ||
| Q4 24 | 41.4% | 22.0% | ||
| Q3 24 | 45.6% | 23.9% | ||
| Q2 24 | 47.5% | 22.5% | ||
| Q1 24 | 44.4% | 24.9% |
营业利润率CSWFOR
| Q4 25 | 7.4% | 7.6% | ||
| Q3 25 | 20.5% | 16.9% | ||
| Q2 25 | 20.8% | 11.2% | ||
| Q1 25 | 19.5% | 11.6% | ||
| Q4 24 | 15.3% | 8.7% | ||
| Q3 24 | 22.6% | 19.7% | ||
| Q2 24 | 24.3% | 16.2% | ||
| Q1 24 | 21.0% | 17.6% |
净利率CSWFOR
| Q4 25 | 4.4% | 5.6% | ||
| Q3 25 | 14.7% | 13.0% | ||
| Q2 25 | 15.5% | 8.4% | ||
| Q1 25 | 15.2% | 9.0% | ||
| Q4 24 | 13.9% | 6.6% | ||
| Q3 24 | 15.8% | 14.8% | ||
| Q2 24 | 17.1% | 12.2% | ||
| Q1 24 | 15.1% | 13.5% |
每股收益（稀释后）CSWFOR
| Q4 25 | $0.62 | $0.30 | ||
| Q3 25 | $2.41 | $1.70 | ||
| Q2 25 | $2.43 | $0.65 | ||
| Q1 25 | $2.05 | $0.62 | ||
| Q4 24 | $1.60 | $0.32 | ||
| Q3 24 | $2.26 | $1.59 | ||
| Q2 24 | $2.47 | $0.76 | ||
| Q1 24 | $2.03 | $0.89 |
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 | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $1.1B | $1.8B |
| 总资产 | $2.3B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资CSWFOR
| Q4 25 | $40.2M | $211.7M | ||
| Q3 25 | $31.5M | $379.2M | ||
| Q2 25 | $38.0M | $189.2M | ||
| Q1 25 | $225.8M | $174.3M | ||
| Q4 24 | $213.8M | $132.0M | ||
| Q3 24 | $273.2M | $481.2M | ||
| Q2 24 | $18.9M | $359.2M | ||
| Q1 24 | $22.2M | $416.2M |
总债务CSWFOR
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | $800.1M | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | $166.0M | $705.7M |
股东权益CSWFOR
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.0B | $1.6B | ||
| Q2 24 | $650.2M | $1.5B | ||
| Q1 24 | $615.7M | $1.5B |
总资产CSWFOR
| Q4 25 | $2.3B | $3.2B | ||
| Q3 25 | $1.5B | $3.1B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.4B | $3.0B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.1B | $2.7B | ||
| Q1 24 | $1.0B | $2.6B |
负债/权益比CSWFOR
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | 0.75× | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | 0.27× | 0.48× |
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 | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $-157.1M |
| 自由现金流率自由现金流/营收 | 9.8% | -57.5% |
| 资本支出强度资本支出/营收 | 2.6% | 0.0% |
| 现金转化率经营现金流/净利润 | 2.81× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $162.0M | $93.0M |
8季度趋势，按日历期对齐
经营现金流CSWFOR
| Q4 25 | $28.9M | $-157.0M | ||
| Q3 25 | $61.8M | $256.3M | ||
| Q2 25 | $60.6M | $15.8M | ||
| Q1 25 | $27.3M | $-19.8M | ||
| Q4 24 | $11.6M | $-450.0M | ||
| Q3 24 | $66.8M | $119.2M | ||
| Q2 24 | $62.7M | $-61.7M | ||
| Q1 24 | $22.4M | $-59.2M |
自由现金流CSWFOR
| Q4 25 | $22.7M | $-157.1M | ||
| Q3 25 | $58.7M | $255.6M | ||
| Q2 25 | $57.7M | $15.0M | ||
| Q1 25 | $22.8M | $-20.5M | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $61.3M | $118.4M | ||
| Q2 24 | $59.6M | $-62.3M | ||
| Q1 24 | $17.5M | $-59.8M |
自由现金流率CSWFOR
| Q4 25 | 9.8% | -57.5% | ||
| Q3 25 | 21.2% | 38.1% | ||
| Q2 25 | 21.9% | 3.8% | ||
| Q1 25 | 9.9% | -5.8% | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 26.9% | 21.5% | ||
| Q2 24 | 26.3% | -19.6% | ||
| Q1 24 | 8.3% | -17.9% |
资本支出强度CSWFOR
| Q4 25 | 2.6% | 0.0% | ||
| Q3 25 | 1.1% | 0.1% | ||
| Q2 25 | 1.1% | 0.2% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 1.6% | 0.0% | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 1.4% | 0.2% | ||
| Q1 24 | 2.3% | 0.2% |
现金转化率CSWFOR
| Q4 25 | 2.81× | -10.19× | ||
| Q3 25 | 1.52× | 2.95× | ||
| Q2 25 | 1.48× | 0.48× | ||
| Q1 25 | 0.78× | -0.63× | ||
| Q4 24 | 0.43× | -27.27× | ||
| Q3 24 | 1.85× | 1.46× | ||
| Q2 24 | 1.62× | -1.59× | ||
| Q1 24 | 0.71× | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
