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CSW INDUSTRIALS, INC.（CSW）与哈雷戴维森（HOG）财务数据对比。点击上方公司名可切换其他公司
哈雷戴维森的季度营收约是CSW INDUSTRIALS, INC.的1.7倍（$390.5M vs $233.0M），CSW INDUSTRIALS, INC.净利率更高（4.4% vs -72.3%，领先76.8%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs -9.4%），哈雷戴维森自由现金流更多（$100.4M vs $22.7M），过去两年CSW INDUSTRIALS, INC.的营收复合增速更高（5.1% vs -48.6%）
哈雷戴维森是源自美国的摩托车制造商与生活方式品牌，总部位于威斯康星州密尔沃基，创立于1903年。它是大萧条时期幸存下来的两大美国摩托车厂商之一，历经多次股权变动、子公司调整、经营困境与全球竞争，如今已是全球知名的标志性品牌。
CSW vs HOG — 直观对比
营收规模更大
HOG
是对方的1.7倍
$233.0M
营收增速更快
CSW
高出29.7%
-9.4%
净利率更高
CSW
高出76.8%
-72.3%
自由现金流更多
HOG
多$77.7M
$22.7M
两年增速更快
CSW
近两年复合增速
-48.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $390.5M |
| 净利润 | $10.3M | $-282.6M |
| 毛利率 | 39.7% | -7.9% |
| 营业利润率 | 7.4% | -92.4% |
| 净利率 | 4.4% | -72.3% |
| 营收同比 | 20.3% | -9.4% |
| 净利润同比 | -61.9% | -138.6% |
| 每股收益（稀释后） | $0.62 | $-2.27 |
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CSWHOG
| Q4 25 | $233.0M | $390.5M | ||
| Q3 25 | $277.0M | $1.1B | ||
| Q2 25 | $263.6M | $1.0B | ||
| Q1 25 | $230.5M | $1.1B | ||
| Q4 24 | $193.6M | $430.9M | ||
| Q3 24 | $227.9M | $881.2M | ||
| Q2 24 | $226.2M | $1.4B | ||
| Q1 24 | $210.9M | $1.5B |
净利润CSWHOG
| Q4 25 | $10.3M | $-282.6M | ||
| Q3 25 | $40.7M | $377.4M | ||
| Q2 25 | $40.9M | $107.6M | ||
| Q1 25 | $35.1M | $133.1M | ||
| Q4 24 | $26.9M | $-118.4M | ||
| Q3 24 | $36.1M | $119.0M | ||
| Q2 24 | $38.6M | $218.3M | ||
| Q1 24 | $31.8M | $234.9M |
毛利率CSWHOG
| Q4 25 | 39.7% | -7.9% | ||
| Q3 25 | 43.0% | 26.0% | ||
| Q2 25 | 43.8% | 28.5% | ||
| Q1 25 | 44.2% | 28.9% | ||
| Q4 24 | 41.4% | -2.0% | ||
| Q3 24 | 45.6% | 29.8% | ||
| Q2 24 | 47.5% | 31.8% | ||
| Q1 24 | 44.4% | 30.9% |
营业利润率CSWHOG
| Q4 25 | 7.4% | -92.4% | ||
| Q3 25 | 20.5% | 44.0% | ||
| Q2 25 | 20.8% | 10.7% | ||
| Q1 25 | 19.5% | 14.8% | ||
| Q4 24 | 15.3% | -44.9% | ||
| Q3 24 | 22.6% | 12.0% | ||
| Q2 24 | 24.3% | 17.8% | ||
| Q1 24 | 21.0% | 17.8% |
净利率CSWHOG
| Q4 25 | 4.4% | -72.3% | ||
| Q3 25 | 14.7% | 35.0% | ||
| Q2 25 | 15.5% | 10.2% | ||
| Q1 25 | 15.2% | 12.3% | ||
| Q4 24 | 13.9% | -27.5% | ||
| Q3 24 | 15.8% | 13.5% | ||
| Q2 24 | 17.1% | 16.1% | ||
| Q1 24 | 15.1% | 15.9% |
每股收益（稀释后）CSWHOG
| Q4 25 | $0.62 | $-2.27 | ||
| Q3 25 | $2.41 | $3.10 | ||
| Q2 25 | $2.43 | $0.88 | ||
| Q1 25 | $2.05 | $1.07 | ||
| Q4 24 | $1.60 | $-0.82 | ||
| Q3 24 | $2.26 | $0.91 | ||
| Q2 24 | $2.47 | $1.63 | ||
| Q1 24 | $2.03 | $1.72 |
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 | $3.1B |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $1.1B | $3.1B |
| 总资产 | $2.3B | $8.0B |
| 负债/权益比越低杠杆越低 | — | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资CSWHOG
| Q4 25 | $40.2M | $3.1B | ||
| Q3 25 | $31.5M | $1.8B | ||
| Q2 25 | $38.0M | $1.6B | ||
| Q1 25 | $225.8M | $1.9B | ||
| Q4 24 | $213.8M | $1.6B | ||
| Q3 24 | $273.2M | $2.2B | ||
| Q2 24 | $18.9M | $1.8B | ||
| Q1 24 | $22.2M | $1.5B |
总债务CSWHOG
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | $800.1M | $6.8B | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | — | $7.3B | ||
| Q2 24 | — | $7.0B | ||
| Q1 24 | $166.0M | $6.3B |
股东权益CSWHOG
| Q4 25 | $1.1B | $3.1B | ||
| Q3 25 | $1.1B | $3.6B | ||
| Q2 25 | $1.1B | $3.3B | ||
| Q1 25 | $1.1B | $3.2B | ||
| Q4 24 | $1.0B | $3.2B | ||
| Q3 24 | $1.0B | $3.4B | ||
| Q2 24 | $650.2M | $3.4B | ||
| Q1 24 | $615.7M | $3.3B |
总资产CSWHOG
| Q4 25 | $2.3B | $8.0B | ||
| Q3 25 | $1.5B | $10.6B | ||
| Q2 25 | $1.5B | $12.1B | ||
| Q1 25 | $1.4B | $12.4B | ||
| Q4 24 | $1.4B | $11.9B | ||
| Q3 24 | $1.4B | $13.0B | ||
| Q2 24 | $1.1B | $12.8B | ||
| Q1 24 | $1.0B | $12.3B |
负债/权益比CSWHOG
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | — | 1.91× | ||
| Q1 25 | 0.75× | 2.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | — | 2.13× | ||
| Q2 24 | — | 2.03× | ||
| Q1 24 | 0.27× | 1.88× |
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 | $152.0M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $100.4M |
| 自由现金流率自由现金流/营收 | 9.8% | 25.7% |
| 资本支出强度资本支出/营收 | 2.6% | 13.2% |
| 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 | $415.2M |
8季度趋势，按日历期对齐
经营现金流CSWHOG
| Q4 25 | $28.9M | $152.0M | ||
| Q3 25 | $61.8M | $-92.6M | ||
| Q2 25 | $60.6M | $368.0M | ||
| Q1 25 | $27.3M | $141.5M | ||
| Q4 24 | $11.6M | $133.2M | ||
| Q3 24 | $66.8M | $353.0M | ||
| Q2 24 | $62.7M | $473.6M | ||
| Q1 24 | $22.4M | $104.0M |
自由现金流CSWHOG
| Q4 25 | $22.7M | $100.4M | ||
| Q3 25 | $58.7M | $-129.1M | ||
| Q2 25 | $57.7M | $332.4M | ||
| Q1 25 | $22.8M | $111.6M | ||
| Q4 24 | $8.5M | $77.0M | ||
| Q3 24 | $61.3M | $300.4M | ||
| Q2 24 | $59.6M | $432.2M | ||
| Q1 24 | $17.5M | $57.6M |
自由现金流率CSWHOG
| Q4 25 | 9.8% | 25.7% | ||
| Q3 25 | 21.2% | -12.0% | ||
| Q2 25 | 21.9% | 31.7% | ||
| Q1 25 | 9.9% | 10.3% | ||
| Q4 24 | 4.4% | 17.9% | ||
| Q3 24 | 26.9% | 34.1% | ||
| Q2 24 | 26.3% | 31.9% | ||
| Q1 24 | 8.3% | 3.9% |
资本支出强度CSWHOG
| Q4 25 | 2.6% | 13.2% | ||
| Q3 25 | 1.1% | 3.4% | ||
| Q2 25 | 1.1% | 3.4% | ||
| Q1 25 | 2.0% | 2.8% | ||
| Q4 24 | 1.6% | 13.0% | ||
| Q3 24 | 2.4% | 6.0% | ||
| Q2 24 | 1.4% | 3.1% | ||
| Q1 24 | 2.3% | 3.1% |
现金转化率CSWHOG
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | -0.25× | ||
| Q2 25 | 1.48× | 3.42× | ||
| Q1 25 | 0.78× | 1.06× | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | 2.97× | ||
| Q2 24 | 1.62× | 2.17× | ||
| Q1 24 | 0.71× | 0.44× |
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% |
HOG
| Motorcycles | $193.9M | 50% |
| Other | $63.8M | 16% |
| Other Income Financial Services | $59.8M | 15% |
| Apparel | $47.2M | 12% |
| Livewire Segment | $11.4M | 3% |
