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COMFORT SYSTEMS USA INC（FIX）与西湖化学（WLK）财务数据对比。点击上方公司名可切换其他公司
COMFORT SYSTEMS USA INC的季度营收约是西湖化学的1.0倍（$2.6B vs $2.5B），COMFORT SYSTEMS USA INC净利率更高（12.5% vs -21.5%，领先34.0%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs -10.9%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $-16.0M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs -7.7%）
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
西湖化学是国际知名的石化产品、聚合物及装配式建筑产品生产商与供应商，产品广泛应用于各类消费及工业市场。公司1986年由赵廷箴创立，是美国最大的低密度聚乙烯生产商，位列福布斯全球2000强，业务分为烯烃和乙烯基两大板块，具备乙烯基产品下游一体化生产能力。
FIX vs WLK — 直观对比
营收规模更大
FIX
是对方的1.0倍
$2.5B
营收增速更快
FIX
高出52.6%
-10.9%
净利率更高
FIX
高出34.0%
-21.5%
自由现金流更多
FIX
多$418.4M
$-16.0M
两年增速更快
FIX
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.5B |
| 净利润 | $330.8M | $-544.0M |
| 毛利率 | 25.5% | 3.4% |
| 营业利润率 | 16.1% | -26.5% |
| 净利率 | 12.5% | -21.5% |
| 营收同比 | 41.7% | -10.9% |
| 净利润同比 | 126.8% | -7871.4% |
| 每股收益（稀释后） | $9.35 | $-4.22 |
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FIXWLK
| Q4 25 | $2.6B | $2.5B | ||
| Q3 25 | $2.5B | $2.8B | ||
| Q2 25 | $2.2B | $3.0B | ||
| Q1 25 | $1.8B | $2.8B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $1.8B | $3.2B | ||
| Q1 24 | $1.5B | $3.0B |
净利润FIXWLK
| Q4 25 | $330.8M | $-544.0M | ||
| Q3 25 | $291.6M | $-782.0M | ||
| Q2 25 | $230.8M | $-142.0M | ||
| Q1 25 | $169.3M | $-40.0M | ||
| Q4 24 | $145.9M | $7.0M | ||
| Q3 24 | $146.2M | $108.0M | ||
| Q2 24 | $134.0M | $313.0M | ||
| Q1 24 | $96.3M | $174.0M |
毛利率FIXWLK
| Q4 25 | 25.5% | 3.4% | ||
| Q3 25 | 24.8% | 8.3% | ||
| Q2 25 | 23.5% | 8.7% | ||
| Q1 25 | 22.0% | 8.2% | ||
| Q4 24 | 23.2% | 11.5% | ||
| Q3 24 | 21.1% | 16.0% | ||
| Q2 24 | 20.1% | 20.7% | ||
| Q1 24 | 19.3% | 15.7% |
营业利润率FIXWLK
| Q4 25 | 16.1% | -26.5% | ||
| Q3 25 | 15.5% | -27.0% | ||
| Q2 25 | 13.8% | -3.7% | ||
| Q1 25 | 11.4% | -1.1% | ||
| Q4 24 | 12.1% | 2.3% | ||
| Q3 24 | 11.2% | 5.8% | ||
| Q2 24 | 10.2% | 12.7% | ||
| Q1 24 | 8.8% | 7.5% |
净利率FIXWLK
| Q4 25 | 12.5% | -21.5% | ||
| Q3 25 | 11.9% | -27.6% | ||
| Q2 25 | 10.6% | -4.8% | ||
| Q1 25 | 9.2% | -1.4% | ||
| Q4 24 | 7.8% | 0.2% | ||
| Q3 24 | 8.1% | 3.5% | ||
| Q2 24 | 7.4% | 9.8% | ||
| Q1 24 | 6.3% | 5.8% |
每股收益（稀释后）FIXWLK
| Q4 25 | $9.35 | $-4.22 | ||
| Q3 25 | $8.25 | $-6.06 | ||
| Q2 25 | $6.53 | $-1.11 | ||
| Q1 25 | $4.75 | $-0.31 | ||
| Q4 24 | $4.08 | $0.07 | ||
| Q3 24 | $4.09 | $0.83 | ||
| Q2 24 | $3.74 | $2.40 | ||
| Q1 24 | $2.69 | $1.34 |
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 | $981.9M | $2.7B |
| 总债务越低越好 | $145.2M | $5.6B |
| 股东权益账面价值 | $2.4B | $8.8B |
| 总资产 | $6.4B | $20.0B |
| 负债/权益比越低杠杆越低 | 0.06× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资FIXWLK
| Q4 25 | $981.9M | $2.7B | ||
| Q3 25 | $860.5M | $1.9B | ||
| Q2 25 | $331.7M | $2.1B | ||
| Q1 25 | $204.8M | $2.3B | ||
| Q4 24 | $549.9M | $2.9B | ||
| Q3 24 | $415.6M | $2.9B | ||
| Q2 24 | $199.4M | $3.0B | ||
| Q1 24 | $100.8M | $3.1B |
总债务FIXWLK
| Q4 25 | $145.2M | $5.6B | ||
| Q3 25 | $136.0M | $4.7B | ||
| Q2 25 | $73.0M | $4.7B | ||
| Q1 25 | $67.8M | $4.6B | ||
| Q4 24 | $68.3M | $4.6B | ||
| Q3 24 | $62.3M | $4.6B | ||
| Q2 24 | $73.4M | $4.9B | ||
| Q1 24 | $77.0M | $4.9B |
股东权益FIXWLK
| Q4 25 | $2.4B | $8.8B | ||
| Q3 25 | $2.2B | $9.4B | ||
| Q2 25 | $2.0B | $10.3B | ||
| Q1 25 | $1.8B | $10.4B | ||
| Q4 24 | $1.7B | $10.5B | ||
| Q3 24 | $1.6B | $10.7B | ||
| Q2 24 | $1.5B | $10.6B | ||
| Q1 24 | $1.4B | $10.3B |
总资产FIXWLK
| Q4 25 | $6.4B | $20.0B | ||
| Q3 25 | $5.8B | $19.8B | ||
| Q2 25 | $5.1B | $20.8B | ||
| Q1 25 | $4.6B | $20.7B | ||
| Q4 24 | $4.7B | $20.8B | ||
| Q3 24 | $4.4B | $21.1B | ||
| Q2 24 | $4.2B | $21.1B | ||
| Q1 24 | $3.9B | $21.0B |
负债/权益比FIXWLK
| Q4 25 | 0.06× | 0.64× | ||
| Q3 25 | 0.06× | 0.49× | ||
| Q2 25 | 0.04× | 0.45× | ||
| Q1 25 | 0.04× | 0.44× | ||
| Q4 24 | 0.04× | 0.43× | ||
| Q3 24 | 0.04× | 0.43× | ||
| Q2 24 | 0.05× | 0.46× | ||
| Q1 24 | 0.06× | 0.47× |
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 | $468.5M | $225.0M |
| 自由现金流经营现金流 - 资本支出 | $402.4M | $-16.0M |
| 自由现金流率自由现金流/营收 | 15.2% | -0.6% |
| 资本支出强度资本支出/营收 | 2.5% | 9.5% |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $1.0B | $-530.0M |
8季度趋势，按日历期对齐
经营现金流FIXWLK
| Q4 25 | $468.5M | $225.0M | ||
| Q3 25 | $553.3M | $182.0M | ||
| Q2 25 | $252.5M | $135.0M | ||
| Q1 25 | $-88.0M | $-77.0M | ||
| Q4 24 | $210.5M | $434.0M | ||
| Q3 24 | $302.2M | $474.0M | ||
| Q2 24 | $189.9M | $237.0M | ||
| Q1 24 | $146.6M | $169.0M |
自由现金流FIXWLK
| Q4 25 | $402.4M | $-16.0M | ||
| Q3 25 | $517.9M | $-57.0M | ||
| Q2 25 | $221.2M | $-132.0M | ||
| Q1 25 | $-110.2M | $-325.0M | ||
| Q4 24 | $169.8M | $149.0M | ||
| Q3 24 | $280.1M | $254.0M | ||
| Q2 24 | $166.5M | $6.0M | ||
| Q1 24 | $121.6M | $-103.0M |
自由现金流率FIXWLK
| Q4 25 | 15.2% | -0.6% | ||
| Q3 25 | 21.1% | -2.0% | ||
| Q2 25 | 10.2% | -4.5% | ||
| Q1 25 | -6.0% | -11.4% | ||
| Q4 24 | 9.1% | 5.2% | ||
| Q3 24 | 15.5% | 8.1% | ||
| Q2 24 | 9.2% | 0.2% | ||
| Q1 24 | 7.9% | -3.5% |
资本支出强度FIXWLK
| Q4 25 | 2.5% | 9.5% | ||
| Q3 25 | 1.4% | 8.4% | ||
| Q2 25 | 1.4% | 9.0% | ||
| Q1 25 | 1.2% | 8.7% | ||
| Q4 24 | 2.2% | 10.0% | ||
| Q3 24 | 1.2% | 7.1% | ||
| Q2 24 | 1.3% | 7.2% | ||
| Q1 24 | 1.6% | 9.1% |
现金转化率FIXWLK
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.90× | — | ||
| Q2 25 | 1.09× | — | ||
| Q1 25 | -0.52× | — | ||
| Q4 24 | 1.44× | 62.00× | ||
| Q3 24 | 2.07× | 4.39× | ||
| Q2 24 | 1.42× | 0.76× | ||
| Q1 24 | 1.52× | 0.97× |
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
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
WLK
| Performance Materials | $930.0M | 37% |
| Housing Products | $767.0M | 30% |
| Essential Materials | $702.0M | 28% |
| Infrastructure Products | $134.0M | 5% |
