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CSW INDUSTRIALS, INC.（CSW）与Thermon Group Holdings, Inc.（THR）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Thermon Group Holdings, Inc.的1.6倍（$233.0M vs $147.3M），Thermon Group Holdings, Inc.净利率更高（12.4% vs 4.4%，领先8.0%），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 $13.1M）
Thermon Group Holdings是全球专业热管理解决方案供应商，主打伴热系统、加热电缆、温控监测设备及相关安装支持服务，服务油气、化工、发电、食品饮料等核心工业领域，业务覆盖北美、欧洲、亚太、拉美等全球主要市场。
CSW vs THR — 直观对比
营收规模更大
CSW
是对方的1.6倍
$147.3M
营收增速更快
CSW
高出10.7%
9.6%
净利率更高
THR
高出8.0%
4.4%
自由现金流更多
CSW
多$9.7M
$13.1M
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $147.3M |
| 净利润 | $10.3M | $18.3M |
| 毛利率 | 39.7% | 46.6% |
| 营业利润率 | 7.4% | 18.1% |
| 净利率 | 4.4% | 12.4% |
| 营收同比 | 20.3% | 9.6% |
| 净利润同比 | -61.9% | -1.3% |
| 每股收益（稀释后） | $0.62 | $0.55 |
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CSWTHR
| Q4 25 | $233.0M | $147.3M | ||
| Q3 25 | $277.0M | $131.7M | ||
| Q2 25 | $263.6M | $108.9M | ||
| Q1 25 | $230.5M | — | ||
| Q4 24 | $193.6M | — | ||
| Q3 24 | $227.9M | — | ||
| Q2 24 | $226.2M | — | ||
| Q1 24 | $210.9M | — |
净利润CSWTHR
| Q4 25 | $10.3M | $18.3M | ||
| Q3 25 | $40.7M | $15.0M | ||
| Q2 25 | $40.9M | $8.6M | ||
| Q1 25 | $35.1M | — | ||
| Q4 24 | $26.9M | — | ||
| Q3 24 | $36.1M | — | ||
| Q2 24 | $38.6M | — | ||
| Q1 24 | $31.8M | — |
毛利率CSWTHR
| Q4 25 | 39.7% | 46.6% | ||
| Q3 25 | 43.0% | 46.4% | ||
| Q2 25 | 43.8% | 44.1% | ||
| 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CSWTHR
| Q4 25 | 7.4% | 18.1% | ||
| Q3 25 | 20.5% | 16.4% | ||
| Q2 25 | 20.8% | 10.8% | ||
| Q1 25 | 19.5% | — | ||
| Q4 24 | 15.3% | — | ||
| Q3 24 | 22.6% | — | ||
| Q2 24 | 24.3% | — | ||
| Q1 24 | 21.0% | — |
净利率CSWTHR
| Q4 25 | 4.4% | 12.4% | ||
| Q3 25 | 14.7% | 11.4% | ||
| Q2 25 | 15.5% | 7.9% | ||
| Q1 25 | 15.2% | — | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.8% | — | ||
| Q2 24 | 17.1% | — | ||
| Q1 24 | 15.1% | — |
每股收益（稀释后）CSWTHR
| Q4 25 | $0.62 | $0.55 | ||
| Q3 25 | $2.41 | $0.45 | ||
| Q2 25 | $2.43 | $0.26 | ||
| Q1 25 | $2.05 | — | ||
| Q4 24 | $1.60 | — | ||
| Q3 24 | $2.26 | — | ||
| Q2 24 | $2.47 | — | ||
| Q1 24 | $2.03 | — |
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 | $46.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $538.7M |
| 总资产 | $2.3B | $816.7M |
| 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CSWTHR
| Q4 25 | $40.2M | $46.9M | ||
| Q3 25 | $31.5M | $29.7M | ||
| Q2 25 | $38.0M | $36.5M | ||
| Q1 25 | $225.8M | — | ||
| Q4 24 | $213.8M | — | ||
| Q3 24 | $273.2M | — | ||
| Q2 24 | $18.9M | — | ||
| Q1 24 | $22.2M | — |
总债务CSWTHR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
股东权益CSWTHR
| Q4 25 | $1.1B | $538.7M | ||
| Q3 25 | $1.1B | $515.2M | ||
| Q2 25 | $1.1B | $509.3M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $650.2M | — | ||
| Q1 24 | $615.7M | — |
总资产CSWTHR
| Q4 25 | $2.3B | $816.7M | ||
| Q3 25 | $1.5B | $778.2M | ||
| Q2 25 | $1.5B | $765.3M | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.0B | — |
负债/权益比CSWTHR
| 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 | $18.0M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $13.1M |
| 自由现金流率自由现金流/营收 | 9.8% | 8.9% |
| 资本支出强度资本支出/营收 | 2.6% | 3.3% |
| 现金转化率经营现金流/净利润 | 2.81× | 0.98× |
| 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CSWTHR
| Q4 25 | $28.9M | $18.0M | ||
| Q3 25 | $61.8M | $7.4M | ||
| Q2 25 | $60.6M | $10.7M | ||
| Q1 25 | $27.3M | — | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $66.8M | — | ||
| Q2 24 | $62.7M | — | ||
| Q1 24 | $22.4M | — |
自由现金流CSWTHR
| Q4 25 | $22.7M | $13.1M | ||
| Q3 25 | $58.7M | $4.4M | ||
| Q2 25 | $57.7M | $8.3M | ||
| Q1 25 | $22.8M | — | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $59.6M | — | ||
| Q1 24 | $17.5M | — |
自由现金流率CSWTHR
| Q4 25 | 9.8% | 8.9% | ||
| Q3 25 | 21.2% | 3.3% | ||
| Q2 25 | 21.9% | 7.6% | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 26.3% | — | ||
| Q1 24 | 8.3% | — |
资本支出强度CSWTHR
| Q4 25 | 2.6% | 3.3% | ||
| Q3 25 | 1.1% | 2.3% | ||
| Q2 25 | 1.1% | 2.2% | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 2.3% | — |
现金转化率CSWTHR
| Q4 25 | 2.81× | 0.98× | ||
| Q3 25 | 1.52× | 0.50× | ||
| Q2 25 | 1.48× | 1.25× | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | — | ||
| 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% |
THR
| Other | $73.7M | 50% |
| Transferred At Point In Time | $56.1M | 38% |
| Transferred Over Time | $17.5M | 12% |
