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CSW INDUSTRIALS, INC.（CSW）与ProPetro Holding Corp.（PUMP）财务数据对比。点击上方公司名可切换其他公司
ProPetro Holding Corp.的季度营收约是CSW INDUSTRIALS, INC.的1.2倍（$289.7M vs $233.0M），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs -9.6%），CSW INDUSTRIALS, INC.自由现金流更多（$22.7M vs $16.8M），过去两年CSW INDUSTRIALS, INC.的营收复合增速更高（5.1% vs -15.5%）
ProPetro Holding Corp.是一家总部位于美国的油田服务供应商，主要为陆上油气勘探开采企业提供水力压裂、完井及相关配套服务，核心业务集中在横跨德克萨斯州和新墨西哥州的二叠纪盆地。
CSW vs PUMP — 直观对比
营收规模更大
PUMP
是对方的1.2倍
$233.0M
营收增速更快
CSW
高出29.9%
-9.6%
自由现金流更多
CSW
多$5.9M
$16.8M
两年增速更快
CSW
近两年复合增速
-15.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $289.7M |
| 净利润 | $10.3M | — |
| 毛利率 | 39.7% | — |
| 营业利润率 | 7.4% | 2.1% |
| 净利率 | 4.4% | — |
| 营收同比 | 20.3% | -9.6% |
| 净利润同比 | -61.9% | — |
| 每股收益（稀释后） | $0.62 | $0.01 |
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CSWPUMP
| Q4 25 | $233.0M | $289.7M | ||
| Q3 25 | $277.0M | $293.9M | ||
| Q2 25 | $263.6M | $326.2M | ||
| Q1 25 | $230.5M | $359.4M | ||
| Q4 24 | $193.6M | $320.6M | ||
| Q3 24 | $227.9M | $360.9M | ||
| Q2 24 | $226.2M | $357.0M | ||
| Q1 24 | $210.9M | $405.8M |
净利润CSWPUMP
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $-2.4M | ||
| Q2 25 | $40.9M | $-7.2M | ||
| Q1 25 | $35.1M | $9.6M | ||
| Q4 24 | $26.9M | — | ||
| Q3 24 | $36.1M | $-137.1M | ||
| Q2 24 | $38.6M | $-3.7M | ||
| Q1 24 | $31.8M | $19.9M |
毛利率CSWPUMP
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 44.4% | — |
营业利润率CSWPUMP
| Q4 25 | 7.4% | 2.1% | ||
| Q3 25 | 20.5% | -2.1% | ||
| Q2 25 | 20.8% | -1.0% | ||
| Q1 25 | 19.5% | 2.6% | ||
| Q4 24 | 15.3% | -5.8% | ||
| Q3 24 | 22.6% | -49.4% | ||
| Q2 24 | 24.3% | -0.1% | ||
| Q1 24 | 21.0% | 7.5% |
净利率CSWPUMP
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | -0.8% | ||
| Q2 25 | 15.5% | -2.2% | ||
| Q1 25 | 15.2% | 2.7% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.8% | -38.0% | ||
| Q2 24 | 17.1% | -1.0% | ||
| Q1 24 | 15.1% | 4.9% |
每股收益（稀释后）CSWPUMP
| Q4 25 | $0.62 | $0.01 | ||
| Q3 25 | $2.41 | $-0.02 | ||
| Q2 25 | $2.43 | $-0.07 | ||
| Q1 25 | $2.05 | $0.09 | ||
| Q4 24 | $1.60 | $-0.14 | ||
| Q3 24 | $2.26 | $-1.32 | ||
| Q2 24 | $2.47 | $-0.03 | ||
| Q1 24 | $2.03 | $0.18 |
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 | $91.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $829.8M |
| 总资产 | $2.3B | $1.3B |
| 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CSWPUMP
| Q4 25 | $40.2M | $91.3M | ||
| Q3 25 | $31.5M | $76.7M | ||
| Q2 25 | $38.0M | $83.0M | ||
| Q1 25 | $225.8M | $71.4M | ||
| Q4 24 | $213.8M | $58.3M | ||
| Q3 24 | $273.2M | $54.0M | ||
| Q2 24 | $18.9M | $74.7M | ||
| Q1 24 | $22.2M | $53.6M |
总债务CSWPUMP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
股东权益CSWPUMP
| Q4 25 | $1.1B | $829.8M | ||
| Q3 25 | $1.1B | $826.2M | ||
| Q2 25 | $1.1B | $824.0M | ||
| Q1 25 | $1.1B | $826.5M | ||
| Q4 24 | $1.0B | $816.3M | ||
| Q3 24 | $1.0B | $833.0M | ||
| Q2 24 | $650.2M | $975.8M | ||
| Q1 24 | $615.7M | $998.2M |
总资产CSWPUMP
| Q4 25 | $2.3B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.0B | $1.2B |
负债/权益比CSWPUMP
| 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 | $81.0M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $16.8M |
| 自由现金流率自由现金流/营收 | 9.8% | 5.8% |
| 资本支出强度资本支出/营收 | 2.6% | 22.2% |
| 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 | $45.3M |
8季度趋势，按日历期对齐
经营现金流CSWPUMP
| Q4 25 | $28.9M | $81.0M | ||
| Q3 25 | $61.8M | $41.7M | ||
| Q2 25 | $60.6M | $54.2M | ||
| Q1 25 | $27.3M | $54.7M | ||
| Q4 24 | $11.6M | $37.9M | ||
| Q3 24 | $66.8M | $34.7M | ||
| Q2 24 | $62.7M | $104.9M | ||
| Q1 24 | $22.4M | $74.8M |
自由现金流CSWPUMP
| Q4 25 | $22.7M | $16.8M | ||
| Q3 25 | $58.7M | $-2.4M | ||
| Q2 25 | $57.7M | $17.1M | ||
| Q1 25 | $22.8M | $13.8M | ||
| Q4 24 | $8.5M | $10.0M | ||
| Q3 24 | $61.3M | $-6.0M | ||
| Q2 24 | $59.6M | $67.7M | ||
| Q1 24 | $17.5M | $40.2M |
自由现金流率CSWPUMP
| Q4 25 | 9.8% | 5.8% | ||
| Q3 25 | 21.2% | -0.8% | ||
| Q2 25 | 21.9% | 5.2% | ||
| Q1 25 | 9.9% | 3.8% | ||
| Q4 24 | 4.4% | 3.1% | ||
| Q3 24 | 26.9% | -1.7% | ||
| Q2 24 | 26.3% | 19.0% | ||
| Q1 24 | 8.3% | 9.9% |
资本支出强度CSWPUMP
| Q4 25 | 2.6% | 22.2% | ||
| Q3 25 | 1.1% | 15.0% | ||
| Q2 25 | 1.1% | 11.4% | ||
| Q1 25 | 2.0% | 11.4% | ||
| Q4 24 | 1.6% | 8.7% | ||
| Q3 24 | 2.4% | 11.3% | ||
| Q2 24 | 1.4% | 10.4% | ||
| Q1 24 | 2.3% | 8.5% |
现金转化率CSWPUMP
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | 5.70× | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.71× | 3.75× |
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% |
PUMP
| Hydraulic Fracturing Segment | $203.9M | 70% |
| Wireline Operating Segment | $55.4M | 19% |
| Cementing Operating Segment | $29.6M | 10% |
