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CSW INDUSTRIALS, INC.（CSW）与IMAX（IMAX）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IMAX的1.9倍（$233.0M vs $125.2M），CSW INDUSTRIALS, INC.净利率更高（4.4% vs 0.5%，领先3.9%），IMAX同比增速更快（35.1% vs 20.3%），IMAX自由现金流更多（$28.0M vs $22.7M），过去两年IMAX的营收复合增速更高（25.8% vs 5.1%）
IMAX公司是加拿大的影视放映技术企业，1967年创立于蒙特利尔，总部位于多伦多地区，在纽约、洛杉矶均设有业务点。核心业务包括IMAX摄影机与放映系统的设计制造，同时面向全球合作影院提供影片开发、制作、后期及发行服务，是沉浸式观影技术领域的领先企业。
CSW vs IMAX — 直观对比
营收规模更大
CSW
是对方的1.9倍
$125.2M
营收增速更快
IMAX
高出14.8%
20.3%
净利率更高
CSW
高出3.9%
0.5%
自由现金流更多
IMAX
多$5.2M
$22.7M
两年增速更快
IMAX
近两年复合增速
5.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $125.2M |
| 净利润 | $10.3M | $637.0K |
| 毛利率 | 39.7% | 57.6% |
| 营业利润率 | 7.4% | 19.3% |
| 净利率 | 4.4% | 0.5% |
| 营收同比 | 20.3% | 35.1% |
| 净利润同比 | -61.9% | -88.0% |
| 每股收益（稀释后） | $0.62 | $0.02 |
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CSWIMAX
| Q4 25 | $233.0M | $125.2M | ||
| Q3 25 | $277.0M | $106.7M | ||
| Q2 25 | $263.6M | $91.7M | ||
| Q1 25 | $230.5M | $86.7M | ||
| Q4 24 | $193.6M | $92.7M | ||
| Q3 24 | $227.9M | $91.5M | ||
| Q2 24 | $226.2M | $89.0M | ||
| Q1 24 | $210.9M | $79.1M |
净利润CSWIMAX
| Q4 25 | $10.3M | $637.0K | ||
| Q3 25 | $40.7M | $20.7M | ||
| Q2 25 | $40.9M | $11.3M | ||
| Q1 25 | $35.1M | $2.3M | ||
| Q4 24 | $26.9M | $5.3M | ||
| Q3 24 | $36.1M | $13.9M | ||
| Q2 24 | $38.6M | $3.6M | ||
| Q1 24 | $31.8M | $3.3M |
毛利率CSWIMAX
| Q4 25 | 39.7% | 57.6% | ||
| Q3 25 | 43.0% | 63.1% | ||
| Q2 25 | 43.8% | 58.5% | ||
| Q1 25 | 44.2% | 61.4% | ||
| Q4 24 | 41.4% | 52.2% | ||
| Q3 24 | 45.6% | 55.8% | ||
| Q2 24 | 47.5% | 49.4% | ||
| Q1 24 | 44.4% | 59.3% |
营业利润率CSWIMAX
| Q4 25 | 7.4% | 19.3% | ||
| Q3 25 | 20.5% | 27.2% | ||
| Q2 25 | 20.8% | 15.6% | ||
| Q1 25 | 19.5% | 19.3% | ||
| Q4 24 | 15.3% | 10.3% | ||
| Q3 24 | 22.6% | 21.2% | ||
| Q2 24 | 24.3% | 3.2% | ||
| Q1 24 | 21.0% | 15.3% |
净利率CSWIMAX
| Q4 25 | 4.4% | 0.5% | ||
| Q3 25 | 14.7% | 19.4% | ||
| Q2 25 | 15.5% | 12.3% | ||
| Q1 25 | 15.2% | 2.7% | ||
| Q4 24 | 13.9% | 5.7% | ||
| Q3 24 | 15.8% | 15.2% | ||
| Q2 24 | 17.1% | 4.0% | ||
| Q1 24 | 15.1% | 4.1% |
每股收益（稀释后）CSWIMAX
| Q4 25 | $0.62 | $0.02 | ||
| Q3 25 | $2.41 | $0.37 | ||
| Q2 25 | $2.43 | $0.20 | ||
| Q1 25 | $2.05 | $0.04 | ||
| Q4 24 | $1.60 | $0.09 | ||
| Q3 24 | $2.26 | $0.26 | ||
| Q2 24 | $2.47 | $0.07 | ||
| Q1 24 | $2.03 | $0.06 |
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 | $151.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $337.9M |
| 总资产 | $2.3B | $894.0M |
| 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CSWIMAX
| Q4 25 | $40.2M | $151.2M | ||
| Q3 25 | $31.5M | $143.1M | ||
| Q2 25 | $38.0M | $109.3M | ||
| Q1 25 | $225.8M | $97.1M | ||
| Q4 24 | $213.8M | $100.6M | ||
| Q3 24 | $273.2M | $104.5M | ||
| Q2 24 | $18.9M | $91.6M | ||
| Q1 24 | $22.2M | $81.0M |
总债务CSWIMAX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
股东权益CSWIMAX
| Q4 25 | $1.1B | $337.9M | ||
| Q3 25 | $1.1B | $349.5M | ||
| Q2 25 | $1.1B | $320.4M | ||
| Q1 25 | $1.1B | $299.5M | ||
| Q4 24 | $1.0B | $299.5M | ||
| Q3 24 | $1.0B | $289.4M | ||
| Q2 24 | $650.2M | $267.2M | ||
| Q1 24 | $615.7M | $258.8M |
总资产CSWIMAX
| Q4 25 | $2.3B | $894.0M | ||
| Q3 25 | $1.5B | $889.6M | ||
| Q2 25 | $1.5B | $868.6M | ||
| Q1 25 | $1.4B | $848.3M | ||
| Q4 24 | $1.4B | $830.4M | ||
| Q3 24 | $1.4B | $847.6M | ||
| Q2 24 | $1.1B | $827.4M | ||
| Q1 24 | $1.0B | $824.1M |
负债/权益比CSWIMAX
| 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 | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $28.0M |
| 自由现金流率自由现金流/营收 | 9.8% | 22.3% |
| 资本支出强度资本支出/营收 | 2.6% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.81× | 46.11× |
| 过去12个月自由现金流最近4个季度 | $162.0M | $118.9M |
8季度趋势，按日历期对齐
经营现金流CSWIMAX
| Q4 25 | $28.9M | $29.4M | ||
| Q3 25 | $61.8M | $67.5M | ||
| Q2 25 | $60.6M | $23.2M | ||
| Q1 25 | $27.3M | $7.0M | ||
| Q4 24 | $11.6M | $11.5M | ||
| Q3 24 | $66.8M | $35.3M | ||
| Q2 24 | $62.7M | $35.0M | ||
| Q1 24 | $22.4M | $-11.0M |
自由现金流CSWIMAX
| Q4 25 | $22.7M | $28.0M | ||
| Q3 25 | $58.7M | $64.8M | ||
| Q2 25 | $57.7M | $20.9M | ||
| Q1 25 | $22.8M | $5.3M | ||
| Q4 24 | $8.5M | $6.9M | ||
| Q3 24 | $61.3M | $34.2M | ||
| Q2 24 | $59.6M | $33.5M | ||
| Q1 24 | $17.5M | $-12.1M |
自由现金流率CSWIMAX
| Q4 25 | 9.8% | 22.3% | ||
| Q3 25 | 21.2% | 60.7% | ||
| Q2 25 | 21.9% | 22.8% | ||
| Q1 25 | 9.9% | 6.1% | ||
| Q4 24 | 4.4% | 7.4% | ||
| Q3 24 | 26.9% | 37.3% | ||
| Q2 24 | 26.3% | 37.6% | ||
| Q1 24 | 8.3% | -15.3% |
资本支出强度CSWIMAX
| Q4 25 | 2.6% | 1.1% | ||
| Q3 25 | 1.1% | 2.6% | ||
| Q2 25 | 1.1% | 2.6% | ||
| Q1 25 | 2.0% | 1.9% | ||
| Q4 24 | 1.6% | 5.0% | ||
| Q3 24 | 2.4% | 1.2% | ||
| Q2 24 | 1.4% | 1.8% | ||
| Q1 24 | 2.3% | 1.4% |
现金转化率CSWIMAX
| Q4 25 | 2.81× | 46.11× | ||
| Q3 25 | 1.52× | 3.27× | ||
| Q2 25 | 1.48× | 2.06× | ||
| Q1 25 | 0.78× | 2.99× | ||
| Q4 24 | 0.43× | 2.16× | ||
| Q3 24 | 1.85× | 2.54× | ||
| Q2 24 | 1.62× | 9.78× | ||
| Q1 24 | 0.71× | -3.35× |
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% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
