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CSW INDUSTRIALS, INC.（CSW）与Mayville Engineering Company, Inc.（MEC）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Mayville Engineering Company, Inc.的1.7倍（$233.0M vs $134.3M），CSW INDUSTRIALS, INC.净利率更高（4.4% vs -3.2%，领先7.6%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs 10.7%），CSW INDUSTRIALS, INC.自由现金流更多（$22.7M vs $10.2M），过去两年CSW INDUSTRIALS, INC.的营收复合增速更高（5.1% vs -8.8%）
Mayville Engineering Company（MEC）是总部位于美国的领先金属零部件、装配组件及定制工程解决方案供应商，主要服务农业、建筑、商用运输、国防、动力运动等领域的原始设备制造商客户，提供从原型开发到大规模量产的全流程服务。
CSW vs MEC — 直观对比
营收规模更大
CSW
是对方的1.7倍
$134.3M
营收增速更快
CSW
高出9.6%
10.7%
净利率更高
CSW
高出7.6%
-3.2%
自由现金流更多
CSW
多$12.6M
$10.2M
两年增速更快
CSW
近两年复合增速
-8.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $134.3M |
| 净利润 | $10.3M | $-4.4M |
| 毛利率 | 39.7% | 6.8% |
| 营业利润率 | 7.4% | -4.1% |
| 净利率 | 4.4% | -3.2% |
| 营收同比 | 20.3% | 10.7% |
| 净利润同比 | -61.9% | -127.3% |
| 每股收益（稀释后） | $0.62 | $-0.22 |
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CSWMEC
| Q4 25 | $233.0M | $134.3M | ||
| Q3 25 | $277.0M | $144.3M | ||
| Q2 25 | $263.6M | $132.3M | ||
| Q1 25 | $230.5M | $135.6M | ||
| Q4 24 | $193.6M | $121.3M | ||
| Q3 24 | $227.9M | $135.4M | ||
| Q2 24 | $226.2M | $163.6M | ||
| Q1 24 | $210.9M | $161.3M |
净利润CSWMEC
| Q4 25 | $10.3M | $-4.4M | ||
| Q3 25 | $40.7M | $-2.7M | ||
| Q2 25 | $40.9M | $-1.1M | ||
| Q1 25 | $35.1M | $20.0K | ||
| Q4 24 | $26.9M | $16.0M | ||
| Q3 24 | $36.1M | $3.0M | ||
| Q2 24 | $38.6M | $3.8M | ||
| Q1 24 | $31.8M | $3.2M |
毛利率CSWMEC
| Q4 25 | 39.7% | 6.8% | ||
| Q3 25 | 43.0% | 11.0% | ||
| Q2 25 | 43.8% | 10.3% | ||
| Q1 25 | 44.2% | 11.3% | ||
| Q4 24 | 41.4% | 8.9% | ||
| Q3 24 | 45.6% | 12.6% | ||
| Q2 24 | 47.5% | 13.6% | ||
| Q1 24 | 44.4% | 13.0% |
营业利润率CSWMEC
| Q4 25 | 7.4% | -4.1% | ||
| Q3 25 | 20.5% | 0.0% | ||
| Q2 25 | 20.8% | 0.1% | ||
| Q1 25 | 19.5% | 1.2% | ||
| Q4 24 | 15.3% | 19.0% | ||
| Q3 24 | 22.6% | 4.2% | ||
| Q2 24 | 24.3% | 5.0% | ||
| Q1 24 | 21.0% | 4.7% |
净利率CSWMEC
| Q4 25 | 4.4% | -3.2% | ||
| Q3 25 | 14.7% | -1.9% | ||
| Q2 25 | 15.5% | -0.8% | ||
| Q1 25 | 15.2% | 0.0% | ||
| Q4 24 | 13.9% | 13.2% | ||
| Q3 24 | 15.8% | 2.2% | ||
| Q2 24 | 17.1% | 2.3% | ||
| Q1 24 | 15.1% | 2.0% |
每股收益（稀释后）CSWMEC
| Q4 25 | $0.62 | $-0.22 | ||
| Q3 25 | $2.41 | $-0.13 | ||
| Q2 25 | $2.43 | $-0.05 | ||
| Q1 25 | $2.05 | $0.00 | ||
| Q4 24 | $1.60 | $0.76 | ||
| Q3 24 | $2.26 | $0.14 | ||
| Q2 24 | $2.47 | $0.18 | ||
| Q1 24 | $2.03 | $0.16 |
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 | $1.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $240.7M |
| 总资产 | $2.3B | $563.6M |
| 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CSWMEC
| Q4 25 | $40.2M | $1.5M | ||
| Q3 25 | $31.5M | $1.2M | ||
| Q2 25 | $38.0M | $206.0K | ||
| Q1 25 | $225.8M | $183.0K | ||
| Q4 24 | $213.8M | $206.0K | ||
| Q3 24 | $273.2M | $178.0K | ||
| Q2 24 | $18.9M | $314.0K | ||
| Q1 24 | $22.2M | $314.0K |
总债务CSWMEC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
股东权益CSWMEC
| Q4 25 | $1.1B | $240.7M | ||
| Q3 25 | $1.1B | $244.8M | ||
| Q2 25 | $1.1B | $246.8M | ||
| Q1 25 | $1.1B | $250.0M | ||
| Q4 24 | $1.0B | $251.8M | ||
| Q3 24 | $1.0B | $238.4M | ||
| Q2 24 | $650.2M | $238.1M | ||
| Q1 24 | $615.7M | $234.0M |
总资产CSWMEC
| Q4 25 | $2.3B | $563.6M | ||
| Q3 25 | $1.5B | $585.6M | ||
| Q2 25 | $1.5B | $433.7M | ||
| Q1 25 | $1.4B | $447.7M | ||
| Q4 24 | $1.4B | $445.6M | ||
| Q3 24 | $1.4B | $466.0M | ||
| Q2 24 | $1.1B | $488.2M | ||
| Q1 24 | $1.0B | $499.9M |
负债/权益比CSWMEC
| 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 | $13.4M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $10.2M |
| 自由现金流率自由现金流/营收 | 9.8% | 7.6% |
| 资本支出强度资本支出/营收 | 2.6% | 2.4% |
| 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 | $26.9M |
8季度趋势，按日历期对齐
经营现金流CSWMEC
| Q4 25 | $28.9M | $13.4M | ||
| Q3 25 | $61.8M | $1.9M | ||
| Q2 25 | $60.6M | $15.0M | ||
| Q1 25 | $27.3M | $8.3M | ||
| Q4 24 | $11.6M | $38.0M | ||
| Q3 24 | $66.8M | $17.9M | ||
| Q2 24 | $62.7M | $23.3M | ||
| Q1 24 | $22.4M | $10.6M |
自由现金流CSWMEC
| Q4 25 | $22.7M | $10.2M | ||
| Q3 25 | $58.7M | $-1.1M | ||
| Q2 25 | $57.7M | $12.5M | ||
| Q1 25 | $22.8M | $5.4M | ||
| Q4 24 | $8.5M | $35.6M | ||
| Q3 24 | $61.3M | $15.1M | ||
| Q2 24 | $59.6M | $19.2M | ||
| Q1 24 | $17.5M | $7.8M |
自由现金流率CSWMEC
| Q4 25 | 9.8% | 7.6% | ||
| Q3 25 | 21.2% | -0.8% | ||
| Q2 25 | 21.9% | 9.5% | ||
| Q1 25 | 9.9% | 4.0% | ||
| Q4 24 | 4.4% | 29.4% | ||
| Q3 24 | 26.9% | 11.1% | ||
| Q2 24 | 26.3% | 11.7% | ||
| Q1 24 | 8.3% | 4.9% |
资本支出强度CSWMEC
| Q4 25 | 2.6% | 2.4% | ||
| Q3 25 | 1.1% | 2.1% | ||
| Q2 25 | 1.1% | 1.8% | ||
| Q1 25 | 2.0% | 2.2% | ||
| Q4 24 | 1.6% | 1.9% | ||
| Q3 24 | 2.4% | 2.1% | ||
| Q2 24 | 1.4% | 2.5% | ||
| Q1 24 | 2.3% | 1.7% |
现金转化率CSWMEC
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | 416.65× | ||
| Q4 24 | 0.43× | 2.38× | ||
| Q3 24 | 1.85× | 6.03× | ||
| Q2 24 | 1.62× | 6.15× | ||
| Q1 24 | 0.71× | 3.28× |
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% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
