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CSW INDUSTRIALS, INC.（CSW）与Waystar Holding Corp.（WAY）财务数据对比。点击上方公司名可切换其他公司
Waystar Holding Corp.的季度营收约是CSW INDUSTRIALS, INC.的1.3倍（$313.9M vs $233.0M），Waystar Holding Corp.净利率更高（13.8% vs 4.4%，领先9.4%），Waystar Holding Corp.同比增速更快（22.4% vs 20.3%），Waystar Holding Corp.自由现金流更多（$90.3M vs $22.7M），过去两年Waystar Holding Corp.的营收复合增速更高（15.7% vs 5.1%）
Waystar Holding Corp是一家领先的医疗健康支付与营收周期管理解决方案提供商，服务覆盖美国各地的医疗机构、医疗系统和支付方，旗下工具可简化账单处理、理赔申请、患者缴费流程，帮助医疗机构降低行政负担、优化营收表现。
CSW vs WAY — 直观对比
营收规模更大
WAY
是对方的1.3倍
$233.0M
营收增速更快
WAY
高出2.1%
20.3%
净利率更高
WAY
高出9.4%
4.4%
自由现金流更多
WAY
多$67.5M
$22.7M
两年增速更快
WAY
近两年复合增速
5.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $313.9M |
| 净利润 | $10.3M | $43.3M |
| 毛利率 | 39.7% | — |
| 营业利润率 | 7.4% | 25.6% |
| 净利率 | 4.4% | 13.8% |
| 营收同比 | 20.3% | 22.4% |
| 净利润同比 | -61.9% | 47.9% |
| 每股收益（稀释后） | $0.62 | $0.42 |
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CSWWAY
| Q1 26 | — | $313.9M | ||
| Q4 25 | $233.0M | $303.5M | ||
| Q3 25 | $277.0M | $268.7M | ||
| Q2 25 | $263.6M | $270.7M | ||
| Q1 25 | $230.5M | $256.4M | ||
| Q4 24 | $193.6M | $244.1M | ||
| Q3 24 | $227.9M | $240.1M | ||
| Q2 24 | $226.2M | $234.5M |
净利润CSWWAY
| Q1 26 | — | $43.3M | ||
| Q4 25 | $10.3M | $20.0M | ||
| Q3 25 | $40.7M | $30.6M | ||
| Q2 25 | $40.9M | $32.2M | ||
| Q1 25 | $35.1M | $29.3M | ||
| Q4 24 | $26.9M | $19.1M | ||
| Q3 24 | $36.1M | $5.4M | ||
| Q2 24 | $38.6M | $-27.7M |
毛利率CSWWAY
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CSWWAY
| Q1 26 | — | 25.6% | ||
| Q4 25 | 7.4% | 19.4% | ||
| Q3 25 | 20.5% | 22.4% | ||
| Q2 25 | 20.8% | 24.0% | ||
| Q1 25 | 19.5% | 25.4% | ||
| Q4 24 | 15.3% | 21.8% | ||
| Q3 24 | 22.6% | 11.3% | ||
| Q2 24 | 24.3% | 3.5% |
净利率CSWWAY
| Q1 26 | — | 13.8% | ||
| Q4 25 | 4.4% | 6.6% | ||
| Q3 25 | 14.7% | 11.4% | ||
| Q2 25 | 15.5% | 11.9% | ||
| Q1 25 | 15.2% | 11.4% | ||
| Q4 24 | 13.9% | 7.8% | ||
| Q3 24 | 15.8% | 2.3% | ||
| Q2 24 | 17.1% | -11.8% |
每股收益（稀释后）CSWWAY
| Q1 26 | — | $0.42 | ||
| Q4 25 | $0.62 | $0.10 | ||
| Q3 25 | $2.41 | $0.17 | ||
| Q2 25 | $2.43 | $0.18 | ||
| Q1 25 | $2.05 | $0.16 | ||
| Q4 24 | $1.60 | $0.18 | ||
| Q3 24 | $2.26 | $0.03 | ||
| Q2 24 | $2.47 | $-0.21 |
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 | $34.3M |
| 总债务越低越好 | — | $13.5M |
| 股东权益账面价值 | $1.1B | $3.9B |
| 总资产 | $2.3B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CSWWAY
| Q1 26 | — | $34.3M | ||
| Q4 25 | $40.2M | $61.4M | ||
| Q3 25 | $31.5M | $421.1M | ||
| Q2 25 | $38.0M | $290.3M | ||
| Q1 25 | $225.8M | $224.0M | ||
| Q4 24 | $213.8M | $182.1M | ||
| Q3 24 | $273.2M | $127.1M | ||
| Q2 24 | $18.9M | $68.4M |
总债务CSWWAY
| Q1 26 | — | $13.5M | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CSWWAY
| Q1 26 | — | $3.9B | ||
| Q4 25 | $1.1B | $3.9B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.1B | $3.2B | ||
| Q1 25 | $1.1B | $3.1B | ||
| Q4 24 | $1.0B | $3.1B | ||
| Q3 24 | $1.0B | $3.1B | ||
| Q2 24 | $650.2M | $2.9B |
总资产CSWWAY
| Q1 26 | — | $5.8B | ||
| Q4 25 | $2.3B | $5.8B | ||
| Q3 25 | $1.5B | $4.7B | ||
| Q2 25 | $1.5B | $4.7B | ||
| Q1 25 | $1.4B | $4.6B | ||
| Q4 24 | $1.4B | $4.6B | ||
| Q3 24 | $1.4B | $4.5B | ||
| Q2 24 | $1.1B | $4.6B |
负债/权益比CSWWAY
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | 0.40× | ||
| 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 | $84.9M |
| 自由现金流经营现金流 - 资本支出 | $22.7M | $90.3M |
| 自由现金流率自由现金流/营收 | 9.8% | 28.8% |
| 资本支出强度资本支出/营收 | 2.6% | — |
| 现金转化率经营现金流/净利润 | 2.81× | 1.96× |
| 过去12个月自由现金流最近4个季度 | $162.0M | $314.6M |
8季度趋势，按日历期对齐
经营现金流CSWWAY
| Q1 26 | — | $84.9M | ||
| Q4 25 | $28.9M | $66.6M | ||
| Q3 25 | $61.8M | $82.0M | ||
| Q2 25 | $60.6M | $96.8M | ||
| Q1 25 | $27.3M | $64.2M | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $66.8M | $78.8M | ||
| Q2 24 | $62.7M | $15.4M |
自由现金流CSWWAY
| Q1 26 | — | $90.3M | ||
| Q4 25 | $22.7M | $57.2M | ||
| Q3 25 | $58.7M | $76.2M | ||
| Q2 25 | $57.7M | $91.0M | ||
| Q1 25 | $22.8M | $58.8M | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $61.3M | $70.2M | ||
| Q2 24 | $59.6M | $8.6M |
自由现金流率CSWWAY
| Q1 26 | — | 28.8% | ||
| Q4 25 | 9.8% | 18.9% | ||
| Q3 25 | 21.2% | 28.3% | ||
| Q2 25 | 21.9% | 33.6% | ||
| Q1 25 | 9.9% | 22.9% | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 26.9% | 29.2% | ||
| Q2 24 | 26.3% | 3.7% |
资本支出强度CSWWAY
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 3.1% | ||
| Q3 25 | 1.1% | 2.2% | ||
| Q2 25 | 1.1% | 2.1% | ||
| Q1 25 | 2.0% | 2.1% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.4% | 3.6% | ||
| Q2 24 | 1.4% | 2.9% |
现金转化率CSWWAY
| Q1 26 | — | 1.96× | ||
| Q4 25 | 2.81× | 3.33× | ||
| Q3 25 | 1.52× | 2.68× | ||
| Q2 25 | 1.48× | 3.01× | ||
| Q1 25 | 0.78× | 2.20× | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | 14.56× | ||
| Q2 24 | 1.62× | — |
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% |
WAY
| Subscription | $172.2M | 55% |
| Volume-based | $139.5M | 44% |
