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CSW INDUSTRIALS, INC.（CSW）与FULLER H B CO（FUL）财务数据对比。点击上方公司名可切换其他公司
FULLER H B CO的季度营收约是CSW INDUSTRIALS, INC.的3.8倍（$892.0M vs $233.0M）。FULLER H B CO净利率更高（7.5% vs 4.4%，领先3.1%）。CSW INDUSTRIALS, INC.同比增速更快（20.3% vs -2.8%）。FULLER H B CO自由现金流更多（$68.9M vs $22.7M）。过去两年CSW INDUSTRIALS, INC.的营收复合增速更高（5.1% vs 5.0%）
H.B.富勒公司是总部位于美国明尼苏达州圣保罗的跨国粘合剂制造企业，全球第四大粘合剂及密封剂生产商。公司拥有超过20000种产品，广泛应用于建筑、工程、电子、卫生用品、食品包装等领域，在26个国家设有81座生产基地，2024年员工规模约7500人。
CSW vs FUL — 直观对比
营收规模更大
FUL
是对方的3.8倍
$233.0M
营收增速更快
CSW
高出23.1%
-2.8%
净利率更高
FUL
高出3.1%
4.4%
自由现金流更多
FUL
多$46.2M
$22.7M
两年增速更快
CSW
近两年复合增速
5.0%
损益表 — Q3 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $892.0M |
| 净利润 | $10.3M | $67.2M |
| 毛利率 | 39.7% | 32.0% |
| 营业利润率 | 7.4% | 12.3% |
| 净利率 | 4.4% | 7.5% |
| 营收同比 | 20.3% | -2.8% |
| 净利润同比 | -61.9% | 21.3% |
| 每股收益（稀释后） | $0.62 | $1.22 |
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CSWFUL
| Q4 25 | $233.0M | — | ||
| Q3 25 | $277.0M | $892.0M | ||
| Q2 25 | $263.6M | $898.1M | ||
| Q1 25 | $230.5M | — | ||
| Q4 24 | $193.6M | — | ||
| Q3 24 | $227.9M | $917.9M | ||
| Q2 24 | $226.2M | — | ||
| Q1 24 | $210.9M | $810.4M |
净利润CSWFUL
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $67.2M | ||
| Q2 25 | $40.9M | $41.8M | ||
| Q1 25 | $35.1M | — | ||
| Q4 24 | $26.9M | — | ||
| Q3 24 | $36.1M | $55.4M | ||
| Q2 24 | $38.6M | — | ||
| Q1 24 | $31.8M | $31.0M |
毛利率CSWFUL
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | 32.0% | ||
| Q2 25 | 43.8% | 31.9% | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 45.6% | 30.0% | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 44.4% | 29.5% |
营业利润率CSWFUL
| Q4 25 | 7.4% | — | ||
| Q3 25 | 20.5% | 12.3% | ||
| Q2 25 | 20.8% | 11.1% | ||
| Q1 25 | 19.5% | — | ||
| Q4 24 | 15.3% | — | ||
| Q3 24 | 22.6% | 11.4% | ||
| Q2 24 | 24.3% | — | ||
| Q1 24 | 21.0% | 8.3% |
净利率CSWFUL
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | 7.5% | ||
| Q2 25 | 15.5% | 4.7% | ||
| Q1 25 | 15.2% | — | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.8% | 6.0% | ||
| Q2 24 | 17.1% | — | ||
| Q1 24 | 15.1% | 3.8% |
每股收益（稀释后）CSWFUL
| Q4 25 | $0.62 | — | ||
| Q3 25 | $2.41 | $1.22 | ||
| Q2 25 | $2.43 | $0.76 | ||
| Q1 25 | $2.05 | — | ||
| Q4 24 | $1.60 | — | ||
| Q3 24 | $2.26 | $0.98 | ||
| Q2 24 | $2.47 | — | ||
| Q1 24 | $2.03 | $0.55 |
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 | $122.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $2.0B |
| 总资产 | $2.3B | $5.2B |
| 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CSWFUL
| Q4 25 | $40.2M | — | ||
| Q3 25 | $31.5M | $122.5M | ||
| Q2 25 | $38.0M | $96.8M | ||
| Q1 25 | $225.8M | — | ||
| Q4 24 | $213.8M | — | ||
| Q3 24 | $273.2M | $131.4M | ||
| Q2 24 | $18.9M | — | ||
| Q1 24 | $22.2M | $165.2M |
总债务CSWFUL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
股东权益CSWFUL
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $650.2M | — | ||
| Q1 24 | $615.7M | $1.8B |
总资产CSWFUL
| Q4 25 | $2.3B | — | ||
| Q3 25 | $1.5B | $5.2B | ||
| Q2 25 | $1.5B | $5.1B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $5.0B | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.0B | $4.7B |
负债/权益比CSWFUL
| 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 | $99.0M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $68.9M |
| 自由现金流率自由现金流/营收 | 9.8% | 7.7% |
| 资本支出强度资本支出/营收 | 2.6% | 3.4% |
| 现金转化率经营现金流/净利润 | 2.81× | 1.47× |
| 过去12个月自由现金流最近4个季度 | $162.0M | — |
8季度趋势，按日历期对齐
经营现金流CSWFUL
| Q4 25 | $28.9M | — | ||
| Q3 25 | $61.8M | $99.0M | ||
| Q2 25 | $60.6M | — | ||
| Q1 25 | $27.3M | — | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $66.8M | $169.4M | ||
| Q2 24 | $62.7M | — | ||
| Q1 24 | $22.4M | $47.4M |
自由现金流CSWFUL
| Q4 25 | $22.7M | — | ||
| Q3 25 | $58.7M | $68.9M | ||
| Q2 25 | $57.7M | — | ||
| Q1 25 | $22.8M | — | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $61.3M | $99.9M | ||
| Q2 24 | $59.6M | — | ||
| Q1 24 | $17.5M | $4.1M |
自由现金流率CSWFUL
| Q4 25 | 9.8% | — | ||
| Q3 25 | 21.2% | 7.7% | ||
| Q2 25 | 21.9% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 26.9% | 10.9% | ||
| Q2 24 | 26.3% | — | ||
| Q1 24 | 8.3% | 0.5% |
资本支出强度CSWFUL
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | 3.4% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.4% | 7.6% | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 2.3% | 5.3% |
现金转化率CSWFUL
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | 1.47× | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | 3.06× | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.71× | 1.53× |
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% |
FUL
| Hygiene Health And Consumable Adhesives | $386.1M | 43% |
| Engineering Adhesives | $272.3M | 31% |
| Building Adhesives Solutions | $233.7M | 26% |
