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CSW INDUSTRIALS, INC.（CSW）与SAFETY INSURANCE GROUP INC（SAFT）财务数据对比。点击上方公司名可切换其他公司
SAFETY INSURANCE GROUP INC的季度营收约是CSW INDUSTRIALS, INC.的1.4倍（$319.3M vs $233.0M），SAFETY INSURANCE GROUP INC净利率更高（6.3% vs 4.4%，领先1.9%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs 11.4%），SAFETY INSURANCE GROUP INC自由现金流更多（$192.0M vs $22.7M），过去两年SAFETY INSURANCE GROUP INC的营收复合增速更高（9.1% vs 5.1%）
全美互助保险集团及其关联公司，常简称为Nationwide，是一家总部位于美国俄亥俄州哥伦布市的大型保险金融服务集团，在亚利桑那州斯科茨代尔、爱荷华州得梅因都设有区域总部。目前集团拥有约2.4万名员工，位列2025年财富美国500强榜单第72名。
CSW vs SAFT — 直观对比
营收规模更大
SAFT
是对方的1.4倍
$233.0M
营收增速更快
CSW
高出8.9%
11.4%
净利率更高
SAFT
高出1.9%
4.4%
自由现金流更多
SAFT
多$169.3M
$22.7M
两年增速更快
SAFT
近两年复合增速
5.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $319.3M |
| 净利润 | $10.3M | $20.1M |
| 毛利率 | 39.7% | — |
| 营业利润率 | 7.4% | 8.0% |
| 净利率 | 4.4% | 6.3% |
| 营收同比 | 20.3% | 11.4% |
| 净利润同比 | -61.9% | 147.3% |
| 每股收益（稀释后） | $0.62 | $1.36 |
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CSWSAFT
| Q4 25 | $233.0M | $319.3M | ||
| Q3 25 | $277.0M | $326.6M | ||
| Q2 25 | $263.6M | $316.3M | ||
| Q1 25 | $230.5M | $301.4M | ||
| Q4 24 | $193.6M | $286.7M | ||
| Q3 24 | $227.9M | $295.3M | ||
| Q2 24 | $226.2M | $269.8M | ||
| Q1 24 | $210.9M | $268.2M |
净利润CSWSAFT
| Q4 25 | $10.3M | $20.1M | ||
| Q3 25 | $40.7M | $28.3M | ||
| Q2 25 | $40.9M | $28.9M | ||
| Q1 25 | $35.1M | $21.9M | ||
| Q4 24 | $26.9M | $8.1M | ||
| Q3 24 | $36.1M | $25.9M | ||
| Q2 24 | $38.6M | $16.6M | ||
| Q1 24 | $31.8M | $20.1M |
毛利率CSWSAFT
| 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CSWSAFT
| Q4 25 | 7.4% | 8.0% | ||
| Q3 25 | 20.5% | 11.1% | ||
| Q2 25 | 20.8% | 11.6% | ||
| Q1 25 | 19.5% | 9.4% | ||
| Q4 24 | 15.3% | 3.5% | ||
| Q3 24 | 22.6% | 11.1% | ||
| Q2 24 | 24.3% | 7.9% | ||
| Q1 24 | 21.0% | 9.5% |
净利率CSWSAFT
| Q4 25 | 4.4% | 6.3% | ||
| Q3 25 | 14.7% | 8.7% | ||
| Q2 25 | 15.5% | 9.1% | ||
| Q1 25 | 15.2% | 7.3% | ||
| Q4 24 | 13.9% | 2.8% | ||
| Q3 24 | 15.8% | 8.8% | ||
| Q2 24 | 17.1% | 6.2% | ||
| Q1 24 | 15.1% | 7.5% |
每股收益（稀释后）CSWSAFT
| Q4 25 | $0.62 | $1.36 | ||
| Q3 25 | $2.41 | $1.91 | ||
| Q2 25 | $2.43 | $1.95 | ||
| Q1 25 | $2.05 | $1.48 | ||
| Q4 24 | $1.60 | $0.56 | ||
| Q3 24 | $2.26 | $1.73 | ||
| Q2 24 | $2.47 | $1.13 | ||
| Q1 24 | $2.03 | $1.36 |
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 | $73.9M |
| 总债务越低越好 | — | $50.0M |
| 股东权益账面价值 | $1.1B | $892.3M |
| 总资产 | $2.3B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资CSWSAFT
| Q4 25 | $40.2M | $73.9M | ||
| Q3 25 | $31.5M | $56.2M | ||
| Q2 25 | $38.0M | $49.4M | ||
| Q1 25 | $225.8M | $64.7M | ||
| Q4 24 | $213.8M | $59.0M | ||
| Q3 24 | $273.2M | $82.3M | ||
| Q2 24 | $18.9M | $44.6M | ||
| Q1 24 | $22.2M | $30.8M |
总债务CSWSAFT
| Q4 25 | — | $50.0M | ||
| Q3 25 | — | $30.0M | ||
| Q2 25 | — | $30.0M | ||
| Q1 25 | $800.1M | $30.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
股东权益CSWSAFT
| Q4 25 | $1.1B | $892.3M | ||
| Q3 25 | $1.1B | $899.6M | ||
| Q2 25 | $1.1B | $873.3M | ||
| Q1 25 | $1.1B | $850.7M | ||
| Q4 24 | $1.0B | $828.5M | ||
| Q3 24 | $1.0B | $851.4M | ||
| Q2 24 | $650.2M | $810.2M | ||
| Q1 24 | $615.7M | $807.1M |
总资产CSWSAFT
| Q4 25 | $2.3B | $2.5B | ||
| Q3 25 | $1.5B | $2.4B | ||
| Q2 25 | $1.5B | $2.4B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.1B | $2.2B | ||
| Q1 24 | $1.0B | $2.1B |
负债/权益比CSWSAFT
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | 0.75× | 0.04× | ||
| 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 | $194.5M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $192.0M |
| 自由现金流率自由现金流/营收 | 9.8% | 60.1% |
| 资本支出强度资本支出/营收 | 2.6% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.81× | 9.67× |
| 过去12个月自由现金流最近4个季度 | $162.0M | — |
8季度趋势，按日历期对齐
经营现金流CSWSAFT
| Q4 25 | $28.9M | $194.5M | ||
| Q3 25 | $61.8M | $85.5M | ||
| Q2 25 | $60.6M | $32.3M | ||
| Q1 25 | $27.3M | $3.2M | ||
| Q4 24 | $11.6M | $128.7M | ||
| Q3 24 | $66.8M | $73.8M | ||
| Q2 24 | $62.7M | $25.6M | ||
| Q1 24 | $22.4M | $-21.1M |
自由现金流CSWSAFT
| Q4 25 | $22.7M | $192.0M | ||
| Q3 25 | $58.7M | — | ||
| Q2 25 | $57.7M | $32.3M | ||
| Q1 25 | $22.8M | $2.8M | ||
| Q4 24 | $8.5M | $124.3M | ||
| Q3 24 | $61.3M | $73.2M | ||
| Q2 24 | $59.6M | $25.0M | ||
| Q1 24 | $17.5M | $-24.2M |
自由现金流率CSWSAFT
| Q4 25 | 9.8% | 60.1% | ||
| Q3 25 | 21.2% | — | ||
| Q2 25 | 21.9% | 10.2% | ||
| Q1 25 | 9.9% | 0.9% | ||
| Q4 24 | 4.4% | 43.4% | ||
| Q3 24 | 26.9% | 24.8% | ||
| Q2 24 | 26.3% | 9.3% | ||
| Q1 24 | 8.3% | -9.0% |
资本支出强度CSWSAFT
| Q4 25 | 2.6% | 0.8% | ||
| Q3 25 | 1.1% | 0.0% | ||
| Q2 25 | 1.1% | 0.0% | ||
| Q1 25 | 2.0% | 0.1% | ||
| Q4 24 | 1.6% | 1.5% | ||
| Q3 24 | 2.4% | 0.2% | ||
| Q2 24 | 1.4% | 0.2% | ||
| Q1 24 | 2.3% | 1.1% |
现金转化率CSWSAFT
| Q4 25 | 2.81× | 9.67× | ||
| Q3 25 | 1.52× | 3.02× | ||
| Q2 25 | 1.48× | 1.12× | ||
| Q1 25 | 0.78× | 0.14× | ||
| Q4 24 | 0.43× | 15.83× | ||
| Q3 24 | 1.85× | 2.85× | ||
| Q2 24 | 1.62× | 1.54× | ||
| Q1 24 | 0.71× | -1.05× |
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% |
SAFT
暂无分部数据
