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Side-by-side financial comparison of CSG SYSTEMS INTERNATIONAL INC (CSGS) and GENESIS ENERGY LP (GEL). Click either name above to swap in a different company.

GENESIS ENERGY LP is the larger business by last-quarter revenue ($440.8M vs $323.1M, roughly 1.4× CSG SYSTEMS INTERNATIONAL INC). GENESIS ENERGY LP runs the higher net margin — 4.5% vs 2.2%, a 2.3% gap on every dollar of revenue. On growth, GENESIS ENERGY LP posted the faster year-over-year revenue change (10.5% vs 2.0%). GENESIS ENERGY LP produced more free cash flow last quarter ($87.0M vs $55.8M). Over the past eight quarters, CSG SYSTEMS INTERNATIONAL INC's revenue compounded faster (4.6% CAGR vs 0.7%).

CSG Holding Limited, formerly China Southern Glass Holding Limited, is the largest architectural glass manufacturer in China. It is involved in manufacturing and selling glass products, such as float glass, architectural glass, display glass, automotive glass, coated glass, mirrors, color filter glass, solar glass and conservation glass.

Genesis Energy LP is a U.S.-based midstream energy limited partnership that operates critical infrastructure for crude oil, natural gas, refined petroleum products, and specialty industrial materials. Its core assets include pipelines, storage terminals, marine facilities, and rail logistics hubs, serving refineries, industrial clients, and energy distributors across North America.

CSGS vs GEL — Head-to-Head

Bigger by revenue
GEL
GEL
1.4× larger
GEL
$440.8M
$323.1M
CSGS
Growing faster (revenue YoY)
GEL
GEL
+8.5% gap
GEL
10.5%
2.0%
CSGS
Higher net margin
GEL
GEL
2.3% more per $
GEL
4.5%
2.2%
CSGS
More free cash flow
GEL
GEL
$31.2M more FCF
GEL
$87.0M
$55.8M
CSGS
Faster 2-yr revenue CAGR
CSGS
CSGS
Annualised
CSGS
4.6%
0.7%
GEL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CSGS
CSGS
GEL
GEL
Revenue
$323.1M
$440.8M
Net Profit
$7.0M
$19.9M
Gross Margin
50.0%
Operating Margin
9.0%
20.4%
Net Margin
2.2%
4.5%
Revenue YoY
2.0%
10.5%
Net Profit YoY
-79.7%
140.2%
EPS (diluted)
$0.24
$0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CSGS
CSGS
GEL
GEL
Q4 25
$323.1M
$440.8M
Q3 25
$303.6M
$414.0M
Q2 25
$297.1M
$377.3M
Q1 25
$299.5M
$398.3M
Q4 24
$316.7M
$398.9M
Q3 24
$295.1M
$397.3M
Q2 24
$290.3M
$430.2M
Q1 24
$295.1M
$434.4M
Net Profit
CSGS
CSGS
GEL
GEL
Q4 25
$7.0M
$19.9M
Q3 25
$20.5M
$9.2M
Q2 25
$12.3M
$-406.0K
Q1 25
$16.1M
$-469.1M
Q4 24
$34.5M
$-49.4M
Q3 24
$19.1M
$-17.2M
Q2 24
$13.8M
$-8.7M
Q1 24
$19.5M
$11.4M
Gross Margin
CSGS
CSGS
GEL
GEL
Q4 25
50.0%
Q3 25
48.1%
Q2 25
49.5%
Q1 25
48.4%
Q4 24
51.3%
Q3 24
49.4%
Q2 24
47.3%
Q1 24
46.5%
Operating Margin
CSGS
CSGS
GEL
GEL
Q4 25
9.0%
20.4%
Q3 25
10.0%
19.0%
Q2 25
10.0%
17.9%
Q1 25
9.8%
5.5%
Q4 24
13.4%
3.4%
Q3 24
10.8%
12.2%
Q2 24
8.8%
11.6%
Q1 24
10.8%
13.4%
Net Margin
CSGS
CSGS
GEL
GEL
Q4 25
2.2%
4.5%
Q3 25
6.7%
2.2%
Q2 25
4.1%
-0.1%
Q1 25
5.4%
-117.8%
Q4 24
10.9%
-12.4%
Q3 24
6.5%
-4.3%
Q2 24
4.8%
-2.0%
Q1 24
6.6%
2.6%
EPS (diluted)
CSGS
CSGS
GEL
GEL
Q4 25
$0.24
$0.04
Q3 25
$0.73
$-0.05
Q2 25
$0.44
$-0.12
Q1 25
$0.57
$-4.06
Q4 24
$1.20
$-0.58
Q3 24
$0.67
$-0.32
Q2 24
$0.48
$-0.25
Q1 24
$0.68
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CSGS
CSGS
GEL
GEL
Cash + ST InvestmentsLiquidity on hand
$180.0M
$6.4M
Total DebtLower is stronger
$539.5M
$3.0B
Stockholders' EquityBook value
$283.7M
Total Assets
$1.5B
$4.9B
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSGS
CSGS
GEL
GEL
Q4 25
$180.0M
$6.4M
Q3 25
$158.4M
$4.9M
Q2 25
$145.9M
$4.5M
Q1 25
$136.0M
$377.4M
Q4 24
$161.8M
$7.4M
Q3 24
$118.4M
$13.0M
Q2 24
$110.4M
$13.7M
Q1 24
$120.8M
$7.0M
Total Debt
CSGS
CSGS
GEL
GEL
Q4 25
$539.5M
$3.0B
Q3 25
$538.6M
$3.1B
Q2 25
$537.8M
$3.1B
Q1 25
$537.6M
$3.4B
Q4 24
$538.5M
$3.7B
Q3 24
$539.5M
$4.0B
Q2 24
$540.5M
$3.9B
Q1 24
$541.5M
$3.8B
Stockholders' Equity
CSGS
CSGS
GEL
GEL
Q4 25
$283.7M
Q3 25
$289.5M
Q2 25
$290.7M
Q1 25
$283.1M
Q4 24
$282.6M
Q3 24
$288.4M
Q2 24
$273.3M
Q1 24
$269.3M
Total Assets
CSGS
CSGS
GEL
GEL
Q4 25
$1.5B
$4.9B
Q3 25
$1.5B
$4.9B
Q2 25
$1.4B
$4.8B
Q1 25
$1.4B
$5.2B
Q4 24
$1.5B
$7.0B
Q3 24
$1.4B
$7.1B
Q2 24
$1.4B
$7.0B
Q1 24
$1.3B
$6.9B
Debt / Equity
CSGS
CSGS
GEL
GEL
Q4 25
1.90×
Q3 25
1.86×
Q2 25
1.85×
Q1 25
1.90×
Q4 24
1.91×
Q3 24
1.87×
Q2 24
1.98×
Q1 24
2.01×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CSGS
CSGS
GEL
GEL
Operating Cash FlowLast quarter
$59.2M
$110.8M
Free Cash FlowOCF − Capex
$55.8M
$87.0M
FCF MarginFCF / Revenue
17.3%
19.7%
Capex IntensityCapex / Revenue
1.1%
5.4%
Cash ConversionOCF / Net Profit
8.46×
5.58×
TTM Free Cash FlowTrailing 4 quarters
$141.4M
$65.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSGS
CSGS
GEL
GEL
Q4 25
$59.2M
$110.8M
Q3 25
$47.9M
$70.3M
Q2 25
$37.3M
$47.0M
Q1 25
$11.5M
$24.8M
Q4 24
$82.5M
$74.0M
Q3 24
$39.5M
$87.3M
Q2 24
$43.1M
$104.7M
Q1 24
$-29.4M
$125.9M
Free Cash Flow
CSGS
CSGS
GEL
GEL
Q4 25
$55.8M
$87.0M
Q3 25
$43.9M
$43.3M
Q2 25
$34.6M
$-7.6M
Q1 25
$7.1M
$-56.8M
Q4 24
$76.6M
$-47.1M
Q3 24
$32.0M
$-32.3M
Q2 24
$38.8M
$-67.5M
Q1 24
$-34.1M
$-48.3M
FCF Margin
CSGS
CSGS
GEL
GEL
Q4 25
17.3%
19.7%
Q3 25
14.5%
10.5%
Q2 25
11.6%
-2.0%
Q1 25
2.4%
-14.3%
Q4 24
24.2%
-11.8%
Q3 24
10.8%
-8.1%
Q2 24
13.4%
-15.7%
Q1 24
-11.6%
-11.1%
Capex Intensity
CSGS
CSGS
GEL
GEL
Q4 25
1.1%
5.4%
Q3 25
1.3%
6.5%
Q2 25
0.9%
14.5%
Q1 25
1.5%
20.5%
Q4 24
1.9%
30.3%
Q3 24
2.5%
30.1%
Q2 24
1.5%
40.0%
Q1 24
1.6%
40.1%
Cash Conversion
CSGS
CSGS
GEL
GEL
Q4 25
8.46×
5.58×
Q3 25
2.34×
7.63×
Q2 25
3.04×
Q1 25
0.71×
Q4 24
2.39×
Q3 24
2.07×
Q2 24
3.12×
Q1 24
-1.51×
11.09×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CSGS
CSGS

Software As A Service And Related Solutions$287.2M89%
License And Service$22.6M7%
Maintenance$13.3M4%

GEL
GEL

Onshore Facilities And Transportation Revenue$204.2M46%
Offshore Pipeline Transportation Revenue$154.3M35%
Marine Transportation Revenue$82.2M19%

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