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CSW INDUSTRIALS, INC.（CSW）与MACOM Technology Solutions Holdings, Inc.（MTSI）财务数据对比。点击上方公司名可切换其他公司
MACOM Technology Solutions Holdings, Inc.的季度营收约是CSW INDUSTRIALS, INC.的1.2倍（$271.6M vs $233.0M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs 4.4%，领先13.6%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs 20.3%），MACOM Technology Solutions Holdings, Inc.自由现金流更多（$30.0M vs $22.7M），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% vs 5.1%）
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
CSW vs MTSI — 直观对比
营收规模更大
MTSI
是对方的1.2倍
$233.0M
营收增速更快
MTSI
高出4.2%
20.3%
净利率更高
MTSI
高出13.6%
4.4%
自由现金流更多
MTSI
多$7.3M
$22.7M
两年增速更快
MTSI
近两年复合增速
5.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $271.6M |
| 净利润 | $10.3M | $48.8M |
| 毛利率 | 39.7% | 55.9% |
| 营业利润率 | 7.4% | 15.9% |
| 净利率 | 4.4% | 18.0% |
| 营收同比 | 20.3% | 24.5% |
| 净利润同比 | -61.9% | 129.1% |
| 每股收益（稀释后） | $0.62 | $0.64 |
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CSWMTSI
| Q1 26 | — | $271.6M | ||
| Q4 25 | $233.0M | $261.2M | ||
| Q3 25 | $277.0M | $252.1M | ||
| Q2 25 | $263.6M | $235.9M | ||
| Q1 25 | $230.5M | $218.1M | ||
| Q4 24 | $193.6M | — | ||
| Q3 24 | $227.9M | $200.7M | ||
| Q2 24 | $226.2M | $190.5M |
净利润CSWMTSI
| Q1 26 | — | $48.8M | ||
| Q4 25 | $10.3M | $45.1M | ||
| Q3 25 | $40.7M | $36.5M | ||
| Q2 25 | $40.9M | $31.7M | ||
| Q1 25 | $35.1M | $-167.5M | ||
| Q4 24 | $26.9M | — | ||
| Q3 24 | $36.1M | $29.4M | ||
| Q2 24 | $38.6M | $19.9M |
毛利率CSWMTSI
| Q1 26 | — | 55.9% | ||
| Q4 25 | 39.7% | 54.5% | ||
| Q3 25 | 43.0% | 55.3% | ||
| Q2 25 | 43.8% | 55.2% | ||
| Q1 25 | 44.2% | 53.7% | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 45.6% | 54.7% | ||
| Q2 24 | 47.5% | 53.2% |
营业利润率CSWMTSI
| Q1 26 | — | 15.9% | ||
| Q4 25 | 7.4% | 15.2% | ||
| Q3 25 | 20.5% | 14.9% | ||
| Q2 25 | 20.8% | 14.8% | ||
| Q1 25 | 19.5% | 8.0% | ||
| Q4 24 | 15.3% | — | ||
| Q3 24 | 22.6% | 13.7% | ||
| Q2 24 | 24.3% | 10.4% |
净利率CSWMTSI
| Q1 26 | — | 18.0% | ||
| Q4 25 | 4.4% | 17.3% | ||
| Q3 25 | 14.7% | 14.5% | ||
| Q2 25 | 15.5% | 13.4% | ||
| Q1 25 | 15.2% | -76.8% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.8% | 14.7% | ||
| Q2 24 | 17.1% | 10.5% |
每股收益（稀释后）CSWMTSI
| Q1 26 | — | $0.64 | ||
| Q4 25 | $0.62 | $0.67 | ||
| Q3 25 | $2.41 | $0.48 | ||
| Q2 25 | $2.43 | $0.42 | ||
| Q1 25 | $2.05 | $-2.30 | ||
| Q4 24 | $1.60 | — | ||
| Q3 24 | $2.26 | $0.40 | ||
| Q2 24 | $2.47 | $0.27 |
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 | $768.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $1.4B |
| 总资产 | $2.3B | $2.1B |
| 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CSWMTSI
| Q1 26 | — | $768.5M | ||
| Q4 25 | $40.2M | $786.0M | ||
| Q3 25 | $31.5M | $735.2M | ||
| Q2 25 | $38.0M | $681.5M | ||
| Q1 25 | $225.8M | $656.5M | ||
| Q4 24 | $213.8M | — | ||
| Q3 24 | $273.2M | $581.9M | ||
| Q2 24 | $18.9M | $521.5M |
总债务CSWMTSI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CSWMTSI
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $650.2M | $1.1B |
总资产CSWMTSI
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.1B | $1.7B |
负债/权益比CSWMTSI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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 | $42.9M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $30.0M |
| 自由现金流率自由现金流/营收 | 9.8% | 11.0% |
| 资本支出强度资本支出/营收 | 2.6% | 4.8% |
| 现金转化率经营现金流/净利润 | 2.81× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $162.0M | $161.5M |
8季度趋势，按日历期对齐
经营现金流CSWMTSI
| Q1 26 | — | $42.9M | ||
| Q4 25 | $28.9M | $69.6M | ||
| Q3 25 | $61.8M | $60.4M | ||
| Q2 25 | $60.6M | $38.7M | ||
| Q1 25 | $27.3M | $66.7M | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $66.8M | $62.3M | ||
| Q2 24 | $62.7M | $49.0M |
自由现金流CSWMTSI
| Q1 26 | — | $30.0M | ||
| Q4 25 | $22.7M | $49.4M | ||
| Q3 25 | $58.7M | $51.6M | ||
| Q2 25 | $57.7M | $30.5M | ||
| Q1 25 | $22.8M | $61.3M | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $61.3M | $57.1M | ||
| Q2 24 | $59.6M | $41.5M |
自由现金流率CSWMTSI
| Q1 26 | — | 11.0% | ||
| Q4 25 | 9.8% | 18.9% | ||
| Q3 25 | 21.2% | 20.5% | ||
| Q2 25 | 21.9% | 12.9% | ||
| Q1 25 | 9.9% | 28.1% | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 26.9% | 28.5% | ||
| Q2 24 | 26.3% | 21.8% |
资本支出强度CSWMTSI
| Q1 26 | — | 4.8% | ||
| Q4 25 | 2.6% | 7.7% | ||
| Q3 25 | 1.1% | 3.5% | ||
| Q2 25 | 1.1% | 3.5% | ||
| Q1 25 | 2.0% | 2.4% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.4% | 2.6% | ||
| Q2 24 | 1.4% | 3.9% |
现金转化率CSWMTSI
| Q1 26 | — | 0.88× | ||
| Q4 25 | 2.81× | 1.54× | ||
| Q3 25 | 1.52× | 1.65× | ||
| Q2 25 | 1.48× | 1.22× | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | 2.12× | ||
| Q2 24 | 1.62× | 2.46× |
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% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
