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CSW INDUSTRIALS, INC.（CSW）与IAC Inc.（IAC）财务数据对比。点击上方公司名可切换其他公司
IAC Inc.的季度营收约是CSW INDUSTRIALS, INC.的1.8倍（$422.9M vs $233.0M），CSW INDUSTRIALS, INC.净利率更高（4.4% vs -17.0%，领先21.4%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs -12.2%），CSW INDUSTRIALS, INC.自由现金流更多（$22.7M vs $2.0M），过去两年CSW INDUSTRIALS, INC.的营收复合增速更高（5.1% vs -18.4%）
IAC Inc.是一家美国控股企业，业务覆盖媒体与互联网领域，在全球拥有多个知名品牌。公司前身是1996年成立的HSN Inc.，当时作为家庭购物频道Home Shopping Network和USA电视台的控股主体运营，1999年更名为USA Networks Inc.，2002年将旗下电视业务资产出售给威望迪集团。
CSW vs IAC — 直观对比
营收规模更大
IAC
是对方的1.8倍
$233.0M
营收增速更快
CSW
高出32.5%
-12.2%
净利率更高
CSW
高出21.4%
-17.0%
自由现金流更多
CSW
多$20.7M
$2.0M
两年增速更快
CSW
近两年复合增速
-18.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $422.9M |
| 净利润 | $10.3M | $-71.9M |
| 毛利率 | 39.7% | 99.9% |
| 营业利润率 | 7.4% | — |
| 净利率 | 4.4% | -17.0% |
| 营收同比 | 20.3% | -12.2% |
| 净利润同比 | -61.9% | 67.1% |
| 每股收益（稀释后） | $0.62 | $-0.94 |
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CSWIAC
| Q1 26 | — | $422.9M | ||
| Q4 25 | $233.0M | $646.0M | ||
| Q3 25 | $277.0M | $589.8M | ||
| Q2 25 | $263.6M | $586.9M | ||
| Q1 25 | $230.5M | $570.5M | ||
| Q4 24 | $193.6M | $721.4M | ||
| Q3 24 | $227.9M | $642.0M | ||
| Q2 24 | $226.2M | $634.4M |
净利润CSWIAC
| Q1 26 | — | $-71.9M | ||
| Q4 25 | $10.3M | $-76.8M | ||
| Q3 25 | $40.7M | $-21.9M | ||
| Q2 25 | $40.9M | $211.5M | ||
| Q1 25 | $35.1M | $-216.8M | ||
| Q4 24 | $26.9M | $-199.0M | ||
| Q3 24 | $36.1M | $-243.7M | ||
| Q2 24 | $38.6M | $-142.2M |
毛利率CSWIAC
| Q1 26 | — | 99.9% | ||
| Q4 25 | 39.7% | 69.8% | ||
| Q3 25 | 43.0% | 64.8% | ||
| Q2 25 | 43.8% | 65.6% | ||
| Q1 25 | 44.2% | 64.0% | ||
| Q4 24 | 41.4% | 65.8% | ||
| Q3 24 | 45.6% | 62.1% | ||
| Q2 24 | 47.5% | 60.1% |
营业利润率CSWIAC
| Q1 26 | — | — | ||
| Q4 25 | 7.4% | -17.5% | ||
| Q3 25 | 20.5% | -3.5% | ||
| Q2 25 | 20.8% | 0.1% | ||
| Q1 25 | 19.5% | 6.3% | ||
| Q4 24 | 15.3% | 6.7% | ||
| Q3 24 | 22.6% | 1.3% | ||
| Q2 24 | 24.3% | -3.4% |
净利率CSWIAC
| Q1 26 | — | -17.0% | ||
| Q4 25 | 4.4% | -11.9% | ||
| Q3 25 | 14.7% | -3.7% | ||
| Q2 25 | 15.5% | 36.0% | ||
| Q1 25 | 15.2% | -38.0% | ||
| Q4 24 | 13.9% | -27.6% | ||
| Q3 24 | 15.8% | -38.0% | ||
| Q2 24 | 17.1% | -22.4% |
每股收益（稀释后）CSWIAC
| Q1 26 | — | $-0.94 | ||
| Q4 25 | $0.62 | $-0.96 | ||
| Q3 25 | $2.41 | $-0.27 | ||
| Q2 25 | $2.43 | $2.57 | ||
| Q1 25 | $2.05 | $-2.64 | ||
| Q4 24 | $1.60 | $-2.36 | ||
| Q3 24 | $2.26 | $-2.93 | ||
| Q2 24 | $2.47 | $-1.71 |
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 | $1.1B |
| 总债务越低越好 | — | $24.5M |
| 股东权益账面价值 | $1.1B | $4.6B |
| 总资产 | $2.3B | $6.8B |
| 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CSWIAC
| Q1 26 | — | $1.1B | ||
| Q4 25 | $40.2M | $960.2M | ||
| Q3 25 | $31.5M | $1.0B | ||
| Q2 25 | $38.0M | $1.1B | ||
| Q1 25 | $225.8M | $1.2B | ||
| Q4 24 | $213.8M | $1.4B | ||
| Q3 24 | $273.2M | $1.3B | ||
| Q2 24 | $18.9M | $1.3B |
总债务CSWIAC
| Q1 26 | — | $24.5M | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CSWIAC
| Q1 26 | — | $4.6B | ||
| Q4 25 | $1.1B | $4.7B | ||
| Q3 25 | $1.1B | $4.8B | ||
| Q2 25 | $1.1B | $4.9B | ||
| Q1 25 | $1.1B | $4.7B | ||
| Q4 24 | $1.0B | $5.6B | ||
| Q3 24 | $1.0B | $5.8B | ||
| Q2 24 | $650.2M | $6.0B |
总资产CSWIAC
| Q1 26 | — | $6.8B | ||
| Q4 25 | $2.3B | $7.1B | ||
| Q3 25 | $1.5B | $7.2B | ||
| Q2 25 | $1.5B | $7.4B | ||
| Q1 25 | $1.4B | $7.2B | ||
| Q4 24 | $1.4B | $9.7B | ||
| Q3 24 | $1.4B | $9.8B | ||
| Q2 24 | $1.1B | $10.2B |
负债/权益比CSWIAC
| Q1 26 | — | 0.01× | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $5.4M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $2.0M |
| 自由现金流率自由现金流/营收 | 9.8% | 0.5% |
| 资本支出强度资本支出/营收 | 2.6% | 1.9% |
| 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 | $51.4M |
8季度趋势，按日历期对齐
经营现金流CSWIAC
| Q1 26 | — | $5.4M | ||
| Q4 25 | $28.9M | $36.6M | ||
| Q3 25 | $61.8M | $30.1M | ||
| Q2 25 | $60.6M | $-2.8M | ||
| Q1 25 | $27.3M | $63.0K | ||
| Q4 24 | $11.6M | $110.1M | ||
| Q3 24 | $66.8M | $95.3M | ||
| Q2 24 | $62.7M | $85.0M |
自由现金流CSWIAC
| Q1 26 | — | $2.0M | ||
| Q4 25 | $22.7M | $31.4M | ||
| Q3 25 | $58.7M | $25.3M | ||
| Q2 25 | $57.7M | $-7.2M | ||
| Q1 25 | $22.8M | $-4.6M | ||
| Q4 24 | $8.5M | $104.8M | ||
| Q3 24 | $61.3M | $92.0M | ||
| Q2 24 | $59.6M | $81.6M |
自由现金流率CSWIAC
| Q1 26 | — | 0.5% | ||
| Q4 25 | 9.8% | 4.9% | ||
| Q3 25 | 21.2% | 4.3% | ||
| Q2 25 | 21.9% | -1.2% | ||
| Q1 25 | 9.9% | -0.8% | ||
| Q4 24 | 4.4% | 14.5% | ||
| Q3 24 | 26.9% | 14.3% | ||
| Q2 24 | 26.3% | 12.9% |
资本支出强度CSWIAC
| Q1 26 | — | 1.9% | ||
| Q4 25 | 2.6% | 0.8% | ||
| Q3 25 | 1.1% | 0.8% | ||
| Q2 25 | 1.1% | 0.8% | ||
| Q1 25 | 2.0% | 0.8% | ||
| Q4 24 | 1.6% | 0.7% | ||
| Q3 24 | 2.4% | 0.5% | ||
| Q2 24 | 1.4% | 0.5% |
现金转化率CSWIAC
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | -0.01× | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | — |
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% |
IAC
| People Inc. (a) | $385.7M | 91% |
| Emerging & Other | $20.1M | 5% |
| Search | $17.1M | 4% |
