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CSW INDUSTRIALS, INC.（CSW）与百胜餐饮集团（LCUT）财务数据对比。点击上方公司名可切换其他公司
CSW INDUSTRIALS, INC.的季度营收约是百胜餐饮集团的1.1倍（$233.0M vs $204.1M），百胜餐饮集团净利率更高（8.9% vs 4.4%，领先4.5%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs -5.2%），CSW INDUSTRIALS, INC.自由现金流更多（$22.7M vs $2.6M），过去两年百胜餐饮集团的营收复合增速更高（19.8% vs 5.1%）
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
CSW vs LCUT — 直观对比
营收规模更大
CSW
是对方的1.1倍
$204.1M
营收增速更快
CSW
高出25.5%
-5.2%
净利率更高
LCUT
高出4.5%
4.4%
自由现金流更多
CSW
多$20.1M
$2.6M
两年增速更快
LCUT
近两年复合增速
5.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $204.1M |
| 净利润 | $10.3M | $18.2M |
| 毛利率 | 39.7% | 38.6% |
| 营业利润率 | 7.4% | 9.8% |
| 净利率 | 4.4% | 8.9% |
| 营收同比 | 20.3% | -5.2% |
| 净利润同比 | -61.9% | 103.5% |
| 每股收益（稀释后） | $0.62 | $0.83 |
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CSWLCUT
| Q4 25 | $233.0M | $204.1M | ||
| Q3 25 | $277.0M | $171.9M | ||
| Q2 25 | $263.6M | $131.9M | ||
| Q1 25 | $230.5M | $140.1M | ||
| Q4 24 | $193.6M | $215.2M | ||
| Q3 24 | $227.9M | $183.8M | ||
| Q2 24 | $226.2M | $141.7M | ||
| Q1 24 | $210.9M | $142.2M |
净利润CSWLCUT
| Q4 25 | $10.3M | $18.2M | ||
| Q3 25 | $40.7M | $-1.2M | ||
| Q2 25 | $40.9M | $-39.7M | ||
| Q1 25 | $35.1M | $-4.2M | ||
| Q4 24 | $26.9M | $8.9M | ||
| Q3 24 | $36.1M | $344.0K | ||
| Q2 24 | $38.6M | $-18.2M | ||
| Q1 24 | $31.8M | $-6.3M |
毛利率CSWLCUT
| Q4 25 | 39.7% | 38.6% | ||
| Q3 25 | 43.0% | 35.1% | ||
| Q2 25 | 43.8% | 38.6% | ||
| Q1 25 | 44.2% | 36.1% | ||
| Q4 24 | 41.4% | 37.7% | ||
| Q3 24 | 45.6% | 36.7% | ||
| Q2 24 | 47.5% | 38.5% | ||
| Q1 24 | 44.4% | 40.5% |
营业利润率CSWLCUT
| Q4 25 | 7.4% | 9.8% | ||
| Q3 25 | 20.5% | 3.9% | ||
| Q2 25 | 20.8% | -28.2% | ||
| Q1 25 | 19.5% | 0.8% | ||
| Q4 24 | 15.3% | 7.2% | ||
| Q3 24 | 22.6% | 4.7% | ||
| Q2 24 | 24.3% | 0.8% | ||
| Q1 24 | 21.0% | 1.3% |
净利率CSWLCUT
| Q4 25 | 4.4% | 8.9% | ||
| Q3 25 | 14.7% | -0.7% | ||
| Q2 25 | 15.5% | -30.1% | ||
| Q1 25 | 15.2% | -3.0% | ||
| Q4 24 | 13.9% | 4.1% | ||
| Q3 24 | 15.8% | 0.2% | ||
| Q2 24 | 17.1% | -12.8% | ||
| Q1 24 | 15.1% | -4.4% |
每股收益（稀释后）CSWLCUT
| Q4 25 | $0.62 | $0.83 | ||
| Q3 25 | $2.41 | $-0.05 | ||
| Q2 25 | $2.43 | $-1.83 | ||
| Q1 25 | $2.05 | $-0.19 | ||
| Q4 24 | $1.60 | $0.41 | ||
| Q3 24 | $2.26 | $0.02 | ||
| Q2 24 | $2.47 | $-0.85 | ||
| Q1 24 | $2.03 | $-0.29 |
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 | $4.3M |
| 总债务越低越好 | — | $135.0M |
| 股东权益账面价值 | $1.1B | $202.3M |
| 总资产 | $2.3B | $572.6M |
| 负债/权益比越低杠杆越低 | — | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资CSWLCUT
| Q4 25 | $40.2M | $4.3M | ||
| Q3 25 | $31.5M | $12.1M | ||
| Q2 25 | $38.0M | $12.0M | ||
| Q1 25 | $225.8M | $10.4M | ||
| Q4 24 | $213.8M | $2.9M | ||
| Q3 24 | $273.2M | $6.0M | ||
| Q2 24 | $18.9M | $3.4M | ||
| Q1 24 | $22.2M | $4.6M |
总债务CSWLCUT
| Q4 25 | — | $135.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
股东权益CSWLCUT
| Q4 25 | $1.1B | $202.3M | ||
| Q3 25 | $1.1B | $184.6M | ||
| Q2 25 | $1.1B | $185.8M | ||
| Q1 25 | $1.1B | $225.7M | ||
| Q4 24 | $1.0B | $229.9M | ||
| Q3 24 | $1.0B | $220.9M | ||
| Q2 24 | $650.2M | $219.8M | ||
| Q1 24 | $615.7M | $223.7M |
总资产CSWLCUT
| Q4 25 | $2.3B | $572.6M | ||
| Q3 25 | $1.5B | $581.1M | ||
| Q2 25 | $1.5B | $551.9M | ||
| Q1 25 | $1.4B | $594.6M | ||
| Q4 24 | $1.4B | $634.3M | ||
| Q3 24 | $1.4B | $668.7M | ||
| Q2 24 | $1.1B | $617.0M | ||
| Q1 24 | $1.0B | $602.7M |
负债/权益比CSWLCUT
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | 0.62× | ||
| 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 | $3.7M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $2.6M |
| 自由现金流率自由现金流/营收 | 9.8% | 1.3% |
| 资本支出强度资本支出/营收 | 2.6% | 0.6% |
| 现金转化率经营现金流/净利润 | 2.81× | 0.21× |
| 过去12个月自由现金流最近4个季度 | $162.0M | $3.3M |
8季度趋势，按日历期对齐
经营现金流CSWLCUT
| Q4 25 | $28.9M | $3.7M | ||
| Q3 25 | $61.8M | $-22.2M | ||
| Q2 25 | $60.6M | $9.3M | ||
| Q1 25 | $27.3M | $16.7M | ||
| Q4 24 | $11.6M | $20.3M | ||
| Q3 24 | $66.8M | $-22.7M | ||
| Q2 24 | $62.7M | $10.4M | ||
| Q1 24 | $22.4M | $10.5M |
自由现金流CSWLCUT
| Q4 25 | $22.7M | $2.6M | ||
| Q3 25 | $58.7M | $-22.7M | ||
| Q2 25 | $57.7M | $8.2M | ||
| Q1 25 | $22.8M | $15.1M | ||
| Q4 24 | $8.5M | $19.7M | ||
| Q3 24 | $61.3M | $-23.2M | ||
| Q2 24 | $59.6M | $9.9M | ||
| Q1 24 | $17.5M | $9.9M |
自由现金流率CSWLCUT
| Q4 25 | 9.8% | 1.3% | ||
| Q3 25 | 21.2% | -13.2% | ||
| Q2 25 | 21.9% | 6.2% | ||
| Q1 25 | 9.9% | 10.8% | ||
| Q4 24 | 4.4% | 9.1% | ||
| Q3 24 | 26.9% | -12.6% | ||
| Q2 24 | 26.3% | 7.0% | ||
| Q1 24 | 8.3% | 7.0% |
资本支出强度CSWLCUT
| Q4 25 | 2.6% | 0.6% | ||
| Q3 25 | 1.1% | 0.3% | ||
| Q2 25 | 1.1% | 0.9% | ||
| Q1 25 | 2.0% | 1.1% | ||
| Q4 24 | 1.6% | 0.3% | ||
| Q3 24 | 2.4% | 0.3% | ||
| Q2 24 | 1.4% | 0.4% | ||
| Q1 24 | 2.3% | 0.4% |
现金转化率CSWLCUT
| Q4 25 | 2.81× | 0.21× | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | 2.28× | ||
| Q3 24 | 1.85× | -65.89× | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.71× | — |
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% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
