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CSW INDUSTRIALS, INC.（CSW）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
KADANT INC的季度营收约是CSW INDUSTRIALS, INC.的1.2倍（$271.6M vs $233.0M），KADANT INC净利率更高（10.2% vs 4.4%，领先5.8%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs -0.0%），KADANT INC自由现金流更多（$44.1M vs $22.7M），过去两年KADANT INC的营收复合增速更高（6.7% vs 5.1%）
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
CSW vs KAI — 直观对比
营收规模更大
KAI
是对方的1.2倍
$233.0M
营收增速更快
CSW
高出20.3%
-0.0%
净利率更高
KAI
高出5.8%
4.4%
自由现金流更多
KAI
多$21.3M
$22.7M
两年增速更快
KAI
近两年复合增速
5.1%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $271.6M |
| 净利润 | $10.3M | $27.7M |
| 毛利率 | 39.7% | 45.2% |
| 营业利润率 | 7.4% | 15.7% |
| 净利率 | 4.4% | 10.2% |
| 营收同比 | 20.3% | -0.0% |
| 净利润同比 | -61.9% | -12.2% |
| 每股收益（稀释后） | $0.62 | $2.35 |
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CSWKAI
| Q4 25 | $233.0M | — | ||
| Q3 25 | $277.0M | $271.6M | ||
| Q2 25 | $263.6M | $255.3M | ||
| Q1 25 | $230.5M | $239.2M | ||
| Q4 24 | $193.6M | $258.0M | ||
| Q3 24 | $227.9M | $271.6M | ||
| Q2 24 | $226.2M | $274.8M | ||
| Q1 24 | $210.9M | $249.0M |
净利润CSWKAI
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $27.7M | ||
| Q2 25 | $40.9M | $26.2M | ||
| Q1 25 | $35.1M | $24.1M | ||
| Q4 24 | $26.9M | $24.0M | ||
| Q3 24 | $36.1M | $31.6M | ||
| Q2 24 | $38.6M | $31.3M | ||
| Q1 24 | $31.8M | $24.7M |
毛利率CSWKAI
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | 45.2% | ||
| Q2 25 | 43.8% | 45.9% | ||
| Q1 25 | 44.2% | 46.1% | ||
| Q4 24 | 41.4% | 43.4% | ||
| Q3 24 | 45.6% | 44.7% | ||
| Q2 24 | 47.5% | 44.4% | ||
| Q1 24 | 44.4% | 44.6% |
营业利润率CSWKAI
| Q4 25 | 7.4% | — | ||
| Q3 25 | 20.5% | 15.7% | ||
| Q2 25 | 20.8% | 15.4% | ||
| Q1 25 | 19.5% | 14.9% | ||
| Q4 24 | 15.3% | 14.3% | ||
| Q3 24 | 22.6% | 18.0% | ||
| Q2 24 | 24.3% | 17.6% | ||
| Q1 24 | 21.0% | 14.8% |
净利率CSWKAI
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | 10.2% | ||
| Q2 25 | 15.5% | 10.2% | ||
| Q1 25 | 15.2% | 10.1% | ||
| Q4 24 | 13.9% | 9.3% | ||
| Q3 24 | 15.8% | 11.6% | ||
| Q2 24 | 17.1% | 11.4% | ||
| Q1 24 | 15.1% | 9.9% |
每股收益（稀释后）CSWKAI
| Q4 25 | $0.62 | — | ||
| Q3 25 | $2.41 | $2.35 | ||
| Q2 25 | $2.43 | $2.22 | ||
| Q1 25 | $2.05 | $2.04 | ||
| Q4 24 | $1.60 | $2.04 | ||
| Q3 24 | $2.26 | $2.68 | ||
| Q2 24 | $2.47 | $2.66 | ||
| Q1 24 | $2.03 | $2.10 |
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 | $124.5M |
| 总债务越低越好 | — | $254.6M |
| 股东权益账面价值 | $1.1B | $949.8M |
| 总资产 | $2.3B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资CSWKAI
| Q4 25 | $40.2M | — | ||
| Q3 25 | $31.5M | $124.5M | ||
| Q2 25 | $38.0M | $95.3M | ||
| Q1 25 | $225.8M | $91.7M | ||
| Q4 24 | $213.8M | $94.7M | ||
| Q3 24 | $273.2M | $88.4M | ||
| Q2 24 | $18.9M | $73.8M | ||
| Q1 24 | $22.2M | $81.4M |
总债务CSWKAI
| Q4 25 | — | — | ||
| Q3 25 | — | $254.6M | ||
| Q2 25 | — | $245.7M | ||
| Q1 25 | $800.1M | $273.5M | ||
| Q4 24 | — | $285.2M | ||
| Q3 24 | — | $323.2M | ||
| Q2 24 | — | $342.0M | ||
| Q1 24 | $166.0M | $306.8M |
股东权益CSWKAI
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $949.8M | ||
| Q2 25 | $1.1B | $926.0M | ||
| Q1 25 | $1.1B | $876.0M | ||
| Q4 24 | $1.0B | $847.1M | ||
| Q3 24 | $1.0B | $851.7M | ||
| Q2 24 | $650.2M | $807.7M | ||
| Q1 24 | $615.7M | $782.7M |
总资产CSWKAI
| Q4 25 | $2.3B | — | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.0B | $1.4B |
负债/权益比CSWKAI
| Q4 25 | — | — | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | 0.75× | 0.31× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.42× | ||
| Q1 24 | 0.27× | 0.39× |
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 | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $44.1M |
| 自由现金流率自由现金流/营收 | 9.8% | 16.2% |
| 资本支出强度资本支出/营收 | 2.6% | 1.2% |
| 现金转化率经营现金流/净利润 | 2.81× | 1.70× |
| 过去12个月自由现金流最近4个季度 | $162.0M | $145.9M |
8季度趋势，按日历期对齐
经营现金流CSWKAI
| Q4 25 | $28.9M | — | ||
| Q3 25 | $61.8M | $47.3M | ||
| Q2 25 | $60.6M | $40.5M | ||
| Q1 25 | $27.3M | $22.8M | ||
| Q4 24 | $11.6M | $51.9M | ||
| Q3 24 | $66.8M | $52.5M | ||
| Q2 24 | $62.7M | $28.1M | ||
| Q1 24 | $22.4M | $22.8M |
自由现金流CSWKAI
| Q4 25 | $22.7M | — | ||
| Q3 25 | $58.7M | $44.1M | ||
| Q2 25 | $57.7M | $36.5M | ||
| Q1 25 | $22.8M | $19.0M | ||
| Q4 24 | $8.5M | $46.3M | ||
| Q3 24 | $61.3M | $48.3M | ||
| Q2 24 | $59.6M | $23.1M | ||
| Q1 24 | $17.5M | $16.6M |
自由现金流率CSWKAI
| Q4 25 | 9.8% | — | ||
| Q3 25 | 21.2% | 16.2% | ||
| Q2 25 | 21.9% | 14.3% | ||
| Q1 25 | 9.9% | 7.9% | ||
| Q4 24 | 4.4% | 17.9% | ||
| Q3 24 | 26.9% | 17.8% | ||
| Q2 24 | 26.3% | 8.4% | ||
| Q1 24 | 8.3% | 6.7% |
资本支出强度CSWKAI
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | 1.2% | ||
| Q2 25 | 1.1% | 1.6% | ||
| Q1 25 | 2.0% | 1.6% | ||
| Q4 24 | 1.6% | 2.2% | ||
| Q3 24 | 2.4% | 1.5% | ||
| Q2 24 | 1.4% | 1.8% | ||
| Q1 24 | 2.3% | 2.5% |
现金转化率CSWKAI
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | 1.70× | ||
| Q2 25 | 1.48× | 1.55× | ||
| Q1 25 | 0.78× | 0.95× | ||
| Q4 24 | 0.43× | 2.16× | ||
| Q3 24 | 1.85× | 1.66× | ||
| Q2 24 | 1.62× | 0.90× | ||
| Q1 24 | 0.71× | 0.92× |
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% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
