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CSW INDUSTRIALS, INC.（CSW）与Gentherm Inc（THRM）财务数据对比。点击上方公司名可切换其他公司
Gentherm Inc的季度营收约是CSW INDUSTRIALS, INC.的1.6倍（$382.8M vs $233.0M），CSW INDUSTRIALS, INC.净利率更高（4.4% vs 0.8%，领先3.6%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs 8.5%），CSW INDUSTRIALS, INC.自由现金流更多（$22.7M vs $6.7M），过去两年CSW INDUSTRIALS, INC.的营收复合增速更高（5.1% vs 3.7%）
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
CSW vs THRM — 直观对比
营收规模更大
THRM
是对方的1.6倍
$233.0M
营收增速更快
CSW
高出11.9%
8.5%
净利率更高
CSW
高出3.6%
0.8%
自由现金流更多
CSW
多$16.0M
$6.7M
两年增速更快
CSW
近两年复合增速
3.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $382.8M |
| 净利润 | $10.3M | $3.0M |
| 毛利率 | 39.7% | 23.7% |
| 营业利润率 | 7.4% | 4.6% |
| 净利率 | 4.4% | 0.8% |
| 营收同比 | 20.3% | 8.5% |
| 净利润同比 | -61.9% | -80.5% |
| 每股收益（稀释后） | $0.62 | $0.08 |
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CSWTHRM
| Q4 25 | $233.0M | $382.8M | ||
| Q3 25 | $277.0M | $386.9M | ||
| Q2 25 | $263.6M | $375.1M | ||
| Q1 25 | $230.5M | $353.9M | ||
| Q4 24 | $193.6M | $352.9M | ||
| Q3 24 | $227.9M | $371.5M | ||
| Q2 24 | $226.2M | $375.7M | ||
| Q1 24 | $210.9M | $356.0M |
净利润CSWTHRM
| Q4 25 | $10.3M | $3.0M | ||
| Q3 25 | $40.7M | $14.9M | ||
| Q2 25 | $40.9M | $477.0K | ||
| Q1 25 | $35.1M | $-128.0K | ||
| Q4 24 | $26.9M | $15.3M | ||
| Q3 24 | $36.1M | $16.0M | ||
| Q2 24 | $38.6M | $18.9M | ||
| Q1 24 | $31.8M | $14.8M |
毛利率CSWTHRM
| Q4 25 | 39.7% | 23.7% | ||
| Q3 25 | 43.0% | 24.6% | ||
| Q2 25 | 43.8% | 23.9% | ||
| Q1 25 | 44.2% | 24.4% | ||
| Q4 24 | 41.4% | 24.4% | ||
| Q3 24 | 45.6% | 25.5% | ||
| Q2 24 | 47.5% | 25.7% | ||
| Q1 24 | 44.4% | 24.9% |
营业利润率CSWTHRM
| Q4 25 | 7.4% | 4.6% | ||
| Q3 25 | 20.5% | 6.2% | ||
| Q2 25 | 20.8% | 6.4% | ||
| Q1 25 | 19.5% | 4.8% | ||
| Q4 24 | 15.3% | 6.7% | ||
| Q3 24 | 22.6% | 8.7% | ||
| Q2 24 | 24.3% | 8.8% | ||
| Q1 24 | 21.0% | 5.1% |
净利率CSWTHRM
| Q4 25 | 4.4% | 0.8% | ||
| Q3 25 | 14.7% | 3.9% | ||
| Q2 25 | 15.5% | 0.1% | ||
| Q1 25 | 15.2% | -0.0% | ||
| Q4 24 | 13.9% | 4.3% | ||
| Q3 24 | 15.8% | 4.3% | ||
| Q2 24 | 17.1% | 5.0% | ||
| Q1 24 | 15.1% | 4.2% |
每股收益（稀释后）CSWTHRM
| Q4 25 | $0.62 | $0.08 | ||
| Q3 25 | $2.41 | $0.49 | ||
| Q2 25 | $2.43 | $0.02 | ||
| Q1 25 | $2.05 | $0.00 | ||
| Q4 24 | $1.60 | $0.48 | ||
| Q3 24 | $2.26 | $0.51 | ||
| Q2 24 | $2.47 | $0.60 | ||
| Q1 24 | $2.03 | $0.47 |
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 | $160.8M |
| 总债务越低越好 | — | $189.0M |
| 股东权益账面价值 | $1.1B | $720.3M |
| 总资产 | $2.3B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资CSWTHRM
| Q4 25 | $40.2M | $160.8M | ||
| Q3 25 | $31.5M | $154.3M | ||
| Q2 25 | $38.0M | $128.3M | ||
| Q1 25 | $225.8M | $163.1M | ||
| Q4 24 | $213.8M | $134.1M | ||
| Q3 24 | $273.2M | $150.6M | ||
| Q2 24 | $18.9M | $123.5M | ||
| Q1 24 | $22.2M | $125.1M |
总债务CSWTHRM
| Q4 25 | — | $189.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $209.0M | ||
| Q1 25 | $800.1M | $262.0M | ||
| Q4 24 | — | $220.1M | ||
| Q3 24 | — | $222.1M | ||
| Q2 24 | — | $222.1M | ||
| Q1 24 | $166.0M | $222.2M |
股东权益CSWTHRM
| Q4 25 | $1.1B | $720.3M | ||
| Q3 25 | $1.1B | $717.9M | ||
| Q2 25 | $1.1B | $699.7M | ||
| Q1 25 | $1.1B | $646.5M | ||
| Q4 24 | $1.0B | $616.9M | ||
| Q3 24 | $1.0B | $660.7M | ||
| Q2 24 | $650.2M | $640.3M | ||
| Q1 24 | $615.7M | $647.1M |
总资产CSWTHRM
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.3B |
负债/权益比CSWTHRM
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | 0.75× | 0.41× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | 0.27× | 0.34× |
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 | $29.0M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $6.7M |
| 自由现金流率自由现金流/营收 | 9.8% | 1.7% |
| 资本支出强度资本支出/营收 | 2.6% | 5.8% |
| 现金转化率经营现金流/净利润 | 2.81× | 9.70× |
| 过去12个月自由现金流最近4个季度 | $162.0M | $61.1M |
8季度趋势，按日历期对齐
经营现金流CSWTHRM
| Q4 25 | $28.9M | $29.0M | ||
| Q3 25 | $61.8M | $56.1M | ||
| Q2 25 | $60.6M | $45.0M | ||
| Q1 25 | $27.3M | $-13.3M | ||
| Q4 24 | $11.6M | $36.6M | ||
| Q3 24 | $66.8M | $46.3M | ||
| Q2 24 | $62.7M | $37.1M | ||
| Q1 24 | $22.4M | $-10.3M |
自由现金流CSWTHRM
| Q4 25 | $22.7M | $6.7M | ||
| Q3 25 | $58.7M | $46.5M | ||
| Q2 25 | $57.7M | $36.2M | ||
| Q1 25 | $22.8M | $-28.2M | ||
| Q4 24 | $8.5M | $13.6M | ||
| Q3 24 | $61.3M | $26.6M | ||
| Q2 24 | $59.6M | $17.8M | ||
| Q1 24 | $17.5M | $-21.6M |
自由现金流率CSWTHRM
| Q4 25 | 9.8% | 1.7% | ||
| Q3 25 | 21.2% | 12.0% | ||
| Q2 25 | 21.9% | 9.6% | ||
| Q1 25 | 9.9% | -8.0% | ||
| Q4 24 | 4.4% | 3.9% | ||
| Q3 24 | 26.9% | 7.2% | ||
| Q2 24 | 26.3% | 4.7% | ||
| Q1 24 | 8.3% | -6.1% |
资本支出强度CSWTHRM
| Q4 25 | 2.6% | 5.8% | ||
| Q3 25 | 1.1% | 2.5% | ||
| Q2 25 | 1.1% | 2.4% | ||
| Q1 25 | 2.0% | 4.2% | ||
| Q4 24 | 1.6% | 6.5% | ||
| Q3 24 | 2.4% | 5.3% | ||
| Q2 24 | 1.4% | 5.2% | ||
| Q1 24 | 2.3% | 3.2% |
现金转化率CSWTHRM
| Q4 25 | 2.81× | 9.70× | ||
| Q3 25 | 1.52× | 3.75× | ||
| Q2 25 | 1.48× | 94.43× | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | 2.39× | ||
| Q3 24 | 1.85× | 2.90× | ||
| Q2 24 | 1.62× | 1.97× | ||
| Q1 24 | 0.71× | -0.70× |
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% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
