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CSW INDUSTRIALS, INC.（CSW）与GREENLIGHT CAPITAL RE, LTD.（GLRE）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GREENLIGHT CAPITAL RE, LTD.的1.1倍（$233.0M vs $210.3M），GREENLIGHT CAPITAL RE, LTD.净利率更高（23.4% vs 4.4%，领先19.0%），GREENLIGHT CAPITAL RE, LTD.同比增速更快（48.3% vs 20.3%），过去两年CSW INDUSTRIALS, INC.的营收复合增速更高（5.1% vs 4.8%）
绿光资本再保险有限公司关联的绿光资本是1996年由大卫·艾因霍恩创立的美国对冲基金，主要投资北美公开交易的企业债务产品与股票，因2008年雷曼兄弟破产前做空其股票、2012年1月在英国因内幕交易被罚1100万美元而受到市场关注，艾因霍恩至今仍担任该基金管理人。
CSW vs GLRE — 直观对比
营收规模更大
CSW
是对方的1.1倍
$210.3M
营收增速更快
GLRE
高出27.9%
20.3%
净利率更高
GLRE
高出19.0%
4.4%
两年增速更快
CSW
近两年复合增速
4.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $210.3M |
| 净利润 | $10.3M | $49.3M |
| 毛利率 | 39.7% | — |
| 营业利润率 | 7.4% | — |
| 净利率 | 4.4% | 23.4% |
| 营收同比 | 20.3% | 48.3% |
| 净利润同比 | -61.9% | 279.7% |
| 每股收益（稀释后） | $0.62 | $1.43 |
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CSWGLRE
| Q4 25 | $233.0M | $210.3M | ||
| Q3 25 | $277.0M | $146.1M | ||
| Q2 25 | $263.6M | $160.1M | ||
| Q1 25 | $230.5M | $213.3M | ||
| Q4 24 | $193.6M | $141.8M | ||
| Q3 24 | $227.9M | $188.0M | ||
| Q2 24 | $226.2M | $174.9M | ||
| Q1 24 | $210.9M | $191.3M |
净利润CSWGLRE
| Q4 25 | $10.3M | $49.3M | ||
| Q3 25 | $40.7M | $-4.4M | ||
| Q2 25 | $40.9M | $329.0K | ||
| Q1 25 | $35.1M | $29.6M | ||
| Q4 24 | $26.9M | $-27.4M | ||
| Q3 24 | $36.1M | $35.2M | ||
| Q2 24 | $38.6M | $8.0M | ||
| Q1 24 | $31.8M | $27.0M |
毛利率CSWGLRE
| 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CSWGLRE
| Q4 25 | 7.4% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 20.8% | — | ||
| Q1 25 | 19.5% | — | ||
| Q4 24 | 15.3% | — | ||
| Q3 24 | 22.6% | — | ||
| Q2 24 | 24.3% | — | ||
| Q1 24 | 21.0% | — |
净利率CSWGLRE
| Q4 25 | 4.4% | 23.4% | ||
| Q3 25 | 14.7% | -3.0% | ||
| Q2 25 | 15.5% | 0.2% | ||
| Q1 25 | 15.2% | 13.9% | ||
| Q4 24 | 13.9% | -19.3% | ||
| Q3 24 | 15.8% | 18.7% | ||
| Q2 24 | 17.1% | 4.6% | ||
| Q1 24 | 15.1% | 14.1% |
每股收益（稀释后）CSWGLRE
| Q4 25 | $0.62 | $1.43 | ||
| Q3 25 | $2.41 | $-0.13 | ||
| Q2 25 | $2.43 | $0.01 | ||
| Q1 25 | $2.05 | $0.86 | ||
| Q4 24 | $1.60 | $-0.78 | ||
| Q3 24 | $2.26 | $1.01 | ||
| Q2 24 | $2.47 | $0.23 | ||
| Q1 24 | $2.03 | $0.78 |
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 | $111.8M |
| 总债务越低越好 | — | $4.7M |
| 股东权益账面价值 | $1.1B | $708.0M |
| 总资产 | $2.3B | $2.2B |
| 负债/权益比越低杠杆越低 | — | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资CSWGLRE
| Q4 25 | $40.2M | $111.8M | ||
| Q3 25 | $31.5M | $68.8M | ||
| Q2 25 | $38.0M | $82.4M | ||
| Q1 25 | $225.8M | $47.5M | ||
| Q4 24 | $213.8M | $64.7M | ||
| Q3 24 | $273.2M | $54.6M | ||
| Q2 24 | $18.9M | $52.2M | ||
| Q1 24 | $22.2M | $61.6M |
总债务CSWGLRE
| Q4 25 | — | $4.7M | ||
| Q3 25 | — | $34.7M | ||
| Q2 25 | — | $58.9M | ||
| Q1 25 | $800.1M | $59.8M | ||
| Q4 24 | — | $60.7M | ||
| Q3 24 | — | $62.6M | ||
| Q2 24 | — | $61.6M | ||
| Q1 24 | $166.0M | $72.5M |
股东权益CSWGLRE
| Q4 25 | $1.1B | $708.0M | ||
| Q3 25 | $1.1B | $658.9M | ||
| Q2 25 | $1.1B | $663.3M | ||
| Q1 25 | $1.1B | $666.8M | ||
| Q4 24 | $1.0B | $635.9M | ||
| Q3 24 | $1.0B | $663.4M | ||
| Q2 24 | $650.2M | $634.0M | ||
| Q1 24 | $615.7M | $624.5M |
总资产CSWGLRE
| Q4 25 | $2.3B | $2.2B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.4B | $2.0B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $1.0B | $1.9B |
负债/权益比CSWGLRE
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | 0.75× | 0.09× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | 0.27× | 0.12× |
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 | $100.2M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | — |
| 自由现金流率自由现金流/营收 | 9.8% | — |
| 资本支出强度资本支出/营收 | 2.6% | — |
| 现金转化率经营现金流/净利润 | 2.81× | 2.03× |
| 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CSWGLRE
| Q4 25 | $28.9M | $100.2M | ||
| Q3 25 | $61.8M | $31.2M | ||
| Q2 25 | $60.6M | $68.4M | ||
| Q1 25 | $27.3M | $10.4M | ||
| Q4 24 | $11.6M | $29.5M | ||
| Q3 24 | $66.8M | $41.3M | ||
| Q2 24 | $62.7M | $22.7M | ||
| Q1 24 | $22.4M | $18.0M |
自由现金流CSWGLRE
| Q4 25 | $22.7M | — | ||
| Q3 25 | $58.7M | — | ||
| Q2 25 | $57.7M | — | ||
| Q1 25 | $22.8M | — | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $59.6M | — | ||
| Q1 24 | $17.5M | — |
自由现金流率CSWGLRE
| Q4 25 | 9.8% | — | ||
| Q3 25 | 21.2% | — | ||
| Q2 25 | 21.9% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 26.3% | — | ||
| Q1 24 | 8.3% | — |
资本支出强度CSWGLRE
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 2.3% | — |
现金转化率CSWGLRE
| Q4 25 | 2.81× | 2.03× | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | 208.02× | ||
| Q1 25 | 0.78× | 0.35× | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | 1.17× | ||
| Q2 24 | 1.62× | 2.85× | ||
| Q1 24 | 0.71× | 0.66× |
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% |
GLRE
| Other | $124.7M | 59% |
| Innovations | $85.6M | 41% |
