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CSW INDUSTRIALS, INC.（CSW）与GigaCloud Technology Inc（GCT）财务数据对比。点击上方公司名可切换其他公司
GigaCloud Technology Inc的季度营收约是CSW INDUSTRIALS, INC.的1.4倍（$332.6M vs $233.0M），GigaCloud Technology Inc净利率更高（11.2% vs 4.4%，领先6.8%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs 9.7%），GigaCloud Technology Inc自由现金流更多（$77.1M vs $22.7M），过去两年GigaCloud Technology Inc的营收复合增速更高（36.6% vs 5.1%）
GigaCloud Technology Inc是一家美国电商企业，主打家具、家电、健身器材等体积较大、规格不统一商品的B2B交易，旗下拥有线上B2B交易平台，业务覆盖撮合交易、全程物流直至终端配送环节。公司总部位于加利福尼亚州埃尔蒙特，自2022年8月起在纳斯达克挂牌上市。
CSW vs GCT — 直观对比
营收规模更大
GCT
是对方的1.4倍
$233.0M
营收增速更快
CSW
高出10.6%
9.7%
净利率更高
GCT
高出6.8%
4.4%
自由现金流更多
GCT
多$54.3M
$22.7M
两年增速更快
GCT
近两年复合增速
5.1%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $332.6M |
| 净利润 | $10.3M | $37.2M |
| 毛利率 | 39.7% | 23.2% |
| 营业利润率 | 7.4% | 12.2% |
| 净利率 | 4.4% | 11.2% |
| 营收同比 | 20.3% | 9.7% |
| 净利润同比 | -61.9% | -8.6% |
| 每股收益（稀释后） | $0.62 | $0.99 |
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CSWGCT
| Q4 25 | $233.0M | — | ||
| Q3 25 | $277.0M | $332.6M | ||
| Q2 25 | $263.6M | $322.6M | ||
| Q1 25 | $230.5M | $271.9M | ||
| Q4 24 | $193.6M | $295.8M | ||
| Q3 24 | $227.9M | $303.3M | ||
| Q2 24 | $226.2M | $310.9M | ||
| Q1 24 | $210.9M | $251.1M |
净利润CSWGCT
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $37.2M | ||
| Q2 25 | $40.9M | $34.6M | ||
| Q1 25 | $35.1M | $27.1M | ||
| Q4 24 | $26.9M | $31.0M | ||
| Q3 24 | $36.1M | $40.7M | ||
| Q2 24 | $38.6M | $27.0M | ||
| Q1 24 | $31.8M | $27.2M |
毛利率CSWGCT
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | 23.2% | ||
| Q2 25 | 43.8% | 23.9% | ||
| Q1 25 | 44.2% | 23.4% | ||
| Q4 24 | 41.4% | 22.0% | ||
| Q3 24 | 45.6% | 25.5% | ||
| Q2 24 | 47.5% | 24.6% | ||
| Q1 24 | 44.4% | 26.5% |
营业利润率CSWGCT
| Q4 25 | 7.4% | — | ||
| Q3 25 | 20.5% | 12.2% | ||
| Q2 25 | 20.8% | 11.1% | ||
| Q1 25 | 19.5% | 10.4% | ||
| Q4 24 | 15.3% | 9.3% | ||
| Q3 24 | 22.6% | 13.4% | ||
| Q2 24 | 24.3% | 8.8% | ||
| Q1 24 | 21.0% | 13.9% |
净利率CSWGCT
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | 11.2% | ||
| Q2 25 | 15.5% | 10.7% | ||
| Q1 25 | 15.2% | 10.0% | ||
| Q4 24 | 13.9% | 10.5% | ||
| Q3 24 | 15.8% | 13.4% | ||
| Q2 24 | 17.1% | 8.7% | ||
| Q1 24 | 15.1% | 10.8% |
每股收益（稀释后）CSWGCT
| Q4 25 | $0.62 | — | ||
| Q3 25 | $2.41 | $0.99 | ||
| Q2 25 | $2.43 | $0.91 | ||
| Q1 25 | $2.05 | $0.68 | ||
| Q4 24 | $1.60 | $0.76 | ||
| Q3 24 | $2.26 | $0.98 | ||
| Q2 24 | $2.47 | $0.65 | ||
| Q1 24 | $2.03 | $0.66 |
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 | $365.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $457.3M |
| 总资产 | $2.3B | $1.1B |
| 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CSWGCT
| Q4 25 | $40.2M | — | ||
| Q3 25 | $31.5M | $365.9M | ||
| Q2 25 | $38.0M | $303.0M | ||
| Q1 25 | $225.8M | $286.8M | ||
| Q4 24 | $213.8M | $302.4M | ||
| Q3 24 | $273.2M | $259.8M | ||
| Q2 24 | $18.9M | $207.8M | ||
| Q1 24 | $22.2M | $195.3M |
总债务CSWGCT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
股东权益CSWGCT
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $457.3M | ||
| Q2 25 | $1.1B | $431.4M | ||
| Q1 25 | $1.1B | $412.9M | ||
| Q4 24 | $1.0B | $405.2M | ||
| Q3 24 | $1.0B | $400.4M | ||
| Q2 24 | $650.2M | $358.4M | ||
| Q1 24 | $615.7M | $317.8M |
总资产CSWGCT
| Q4 25 | $2.3B | — | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.0B | $977.6M |
负债/权益比CSWGCT
| 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 | $78.3M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $77.1M |
| 自由现金流率自由现金流/营收 | 9.8% | 23.2% |
| 资本支出强度资本支出/营收 | 2.6% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.81× | 2.10× |
| 过去12个月自由现金流最近4个季度 | $162.0M | $188.1M |
8季度趋势，按日历期对齐
经营现金流CSWGCT
| Q4 25 | $28.9M | — | ||
| Q3 25 | $61.8M | $78.3M | ||
| Q2 25 | $60.6M | $38.6M | ||
| Q1 25 | $27.3M | $9.4M | ||
| Q4 24 | $11.6M | $68.4M | ||
| Q3 24 | $66.8M | $55.2M | ||
| Q2 24 | $62.7M | $19.1M | ||
| Q1 24 | $22.4M | $15.3M |
自由现金流CSWGCT
| Q4 25 | $22.7M | — | ||
| Q3 25 | $58.7M | $77.1M | ||
| Q2 25 | $57.7M | $37.0M | ||
| Q1 25 | $22.8M | $7.0M | ||
| Q4 24 | $8.5M | $66.9M | ||
| Q3 24 | $61.3M | $51.4M | ||
| Q2 24 | $59.6M | $12.9M | ||
| Q1 24 | $17.5M | $11.3M |
自由现金流率CSWGCT
| Q4 25 | 9.8% | — | ||
| Q3 25 | 21.2% | 23.2% | ||
| Q2 25 | 21.9% | 11.5% | ||
| Q1 25 | 9.9% | 2.6% | ||
| Q4 24 | 4.4% | 22.6% | ||
| Q3 24 | 26.9% | 16.9% | ||
| Q2 24 | 26.3% | 4.2% | ||
| Q1 24 | 8.3% | 4.5% |
资本支出强度CSWGCT
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | 0.4% | ||
| Q2 25 | 1.1% | 0.5% | ||
| Q1 25 | 2.0% | 0.9% | ||
| Q4 24 | 1.6% | 0.5% | ||
| Q3 24 | 2.4% | 1.3% | ||
| Q2 24 | 1.4% | 2.0% | ||
| Q1 24 | 2.3% | 1.6% |
现金转化率CSWGCT
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | 2.10× | ||
| Q2 25 | 1.48× | 1.12× | ||
| Q1 25 | 0.78× | 0.35× | ||
| Q4 24 | 0.43× | 2.21× | ||
| Q3 24 | 1.85× | 1.36× | ||
| Q2 24 | 1.62× | 0.71× | ||
| Q1 24 | 0.71× | 0.56× |
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% |
GCT
| Services | $108.4M | 33% |
| Transferred Over Time | $89.8M | 27% |
| Product Sales To B | $50.1M | 15% |
| Last Mile Delivery Service | $49.2M | 15% |
| Warehousing Service | $14.2M | 4% |
| Ocean Transportation Service | $9.0M | 3% |
| Platform Commission | $4.9M | 1% |
| Drayage Service | $3.2M | 1% |
