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CSW INDUSTRIALS, INC.（CSW）与Wingstop Inc.（WING）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Wingstop Inc.的1.3倍（$233.0M vs $183.7M），Wingstop Inc.净利率更高（16.3% vs 4.4%，领先11.9%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs 7.4%），过去两年Wingstop Inc.的营收复合增速更高（8.6% vs 5.1%）
Wingstop Inc.是美国知名跨国快餐连锁品牌，核心产品为布法罗鸡翅，旗下门店均采用20世纪30至40年代喷气时代前的航空主题装饰风格，目前业务已覆盖全球多个国家和地区。
CSW vs WING — 直观对比
营收规模更大
CSW
是对方的1.3倍
$183.7M
营收增速更快
CSW
高出12.9%
7.4%
净利率更高
WING
高出11.9%
4.4%
两年增速更快
WING
近两年复合增速
5.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $183.7M |
| 净利润 | $10.3M | $29.9M |
| 毛利率 | 39.7% | 86.5% |
| 营业利润率 | 7.4% | 27.4% |
| 净利率 | 4.4% | 16.3% |
| 营收同比 | 20.3% | 7.4% |
| 净利润同比 | -61.9% | — |
| 每股收益（稀释后） | $0.62 | $1.08 |
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CSWWING
| Q1 26 | — | $183.7M | ||
| Q4 25 | $233.0M | $175.7M | ||
| Q3 25 | $277.0M | $175.7M | ||
| Q2 25 | $263.6M | $174.3M | ||
| Q1 25 | $230.5M | $171.1M | ||
| Q4 24 | $193.6M | $161.8M | ||
| Q3 24 | $227.9M | $162.5M | ||
| Q2 24 | $226.2M | $155.7M |
净利润CSWWING
| Q1 26 | — | $29.9M | ||
| Q4 25 | $10.3M | $26.8M | ||
| Q3 25 | $40.7M | $28.5M | ||
| Q2 25 | $40.9M | $26.8M | ||
| Q1 25 | $35.1M | $92.3M | ||
| Q4 24 | $26.9M | $26.8M | ||
| Q3 24 | $36.1M | $25.7M | ||
| Q2 24 | $38.6M | $27.5M |
毛利率CSWWING
| Q1 26 | — | 86.5% | ||
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | 85.6% | ||
| Q3 24 | 45.6% | 85.0% | ||
| Q2 24 | 47.5% | 85.4% |
营业利润率CSWWING
| Q1 26 | — | 27.4% | ||
| Q4 25 | 7.4% | 26.7% | ||
| Q3 25 | 20.5% | 27.9% | ||
| Q2 25 | 20.8% | 25.9% | ||
| Q1 25 | 19.5% | 22.4% | ||
| Q4 24 | 15.3% | 25.9% | ||
| Q3 24 | 22.6% | 24.5% | ||
| Q2 24 | 24.3% | 26.5% |
净利率CSWWING
| Q1 26 | — | 16.3% | ||
| Q4 25 | 4.4% | 15.2% | ||
| Q3 25 | 14.7% | 16.2% | ||
| Q2 25 | 15.5% | 15.4% | ||
| Q1 25 | 15.2% | 53.9% | ||
| Q4 24 | 13.9% | 16.5% | ||
| Q3 24 | 15.8% | 15.8% | ||
| Q2 24 | 17.1% | 17.7% |
每股收益（稀释后）CSWWING
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.62 | $0.99 | ||
| Q3 25 | $2.41 | $1.02 | ||
| Q2 25 | $2.43 | $0.96 | ||
| Q1 25 | $2.05 | $3.24 | ||
| Q4 24 | $1.60 | $0.91 | ||
| Q3 24 | $2.26 | $0.88 | ||
| Q2 24 | $2.47 | $0.93 |
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 | $128.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | — |
| 总资产 | $2.3B | $648.9M |
| 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CSWWING
| Q1 26 | — | $128.8M | ||
| Q4 25 | $40.2M | $196.6M | ||
| Q3 25 | $31.5M | $237.6M | ||
| Q2 25 | $38.0M | $227.9M | ||
| Q1 25 | $225.8M | $251.4M | ||
| Q4 24 | $213.8M | $315.9M | ||
| Q3 24 | $273.2M | $84.0M | ||
| Q2 24 | $18.9M | $96.7M |
总债务CSWWING
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CSWWING
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $-736.8M | ||
| Q3 25 | $1.1B | $-702.6M | ||
| Q2 25 | $1.1B | $-686.0M | ||
| Q1 25 | $1.1B | $-715.0M | ||
| Q4 24 | $1.0B | $-675.6M | ||
| Q3 24 | $1.0B | $-447.5M | ||
| Q2 24 | $650.2M | $-437.5M |
总资产CSWWING
| Q1 26 | — | $648.9M | ||
| Q4 25 | $2.3B | $693.4M | ||
| Q3 25 | $1.5B | $721.0M | ||
| Q2 25 | $1.5B | $708.3M | ||
| Q1 25 | $1.4B | $696.8M | ||
| Q4 24 | $1.4B | $716.2M | ||
| Q3 24 | $1.4B | $484.8M | ||
| Q2 24 | $1.1B | $451.8M |
负债/权益比CSWWING
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $22.7M | — |
| 自由现金流率自由现金流/营收 | 9.8% | — |
| 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× | — |
| 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CSWWING
| Q1 26 | — | — | ||
| Q4 25 | $28.9M | $57.3M | ||
| Q3 25 | $61.8M | $63.9M | ||
| Q2 25 | $60.6M | $6.6M | ||
| Q1 25 | $27.3M | $25.3M | ||
| Q4 24 | $11.6M | $7.7M | ||
| Q3 24 | $66.8M | $69.0M | ||
| Q2 24 | $62.7M | $36.2M |
自由现金流CSWWING
| Q1 26 | — | — | ||
| Q4 25 | $22.7M | $34.5M | ||
| Q3 25 | $58.7M | $61.7M | ||
| Q2 25 | $57.7M | $-7.8M | ||
| Q1 25 | $22.8M | $17.3M | ||
| Q4 24 | $8.5M | $-8.6M | ||
| Q3 24 | $61.3M | $54.9M | ||
| Q2 24 | $59.6M | $25.9M |
自由现金流率CSWWING
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | 19.6% | ||
| Q3 25 | 21.2% | 35.1% | ||
| Q2 25 | 21.9% | -4.5% | ||
| Q1 25 | 9.9% | 10.1% | ||
| Q4 24 | 4.4% | -5.3% | ||
| Q3 24 | 26.9% | 33.8% | ||
| Q2 24 | 26.3% | 16.6% |
资本支出强度CSWWING
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 13.0% | ||
| Q3 25 | 1.1% | 1.3% | ||
| Q2 25 | 1.1% | 8.2% | ||
| Q1 25 | 2.0% | 4.7% | ||
| Q4 24 | 1.6% | 10.1% | ||
| Q3 24 | 2.4% | 8.7% | ||
| Q2 24 | 1.4% | 6.6% |
现金转化率CSWWING
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 2.14× | ||
| Q3 25 | 1.52× | 2.24× | ||
| Q2 25 | 1.48× | 0.25× | ||
| Q1 25 | 0.78× | 0.27× | ||
| Q4 24 | 0.43× | 0.29× | ||
| Q3 24 | 1.85× | 2.68× | ||
| Q2 24 | 1.62× | 1.32× |
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% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
