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Side-by-side financial comparison of CSG SYSTEMS INTERNATIONAL INC (CSGS) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.

Park Hotels & Resorts Inc. is the larger business by last-quarter revenue ($630.0M vs $323.1M, roughly 1.9× CSG SYSTEMS INTERNATIONAL INC). CSG SYSTEMS INTERNATIONAL INC runs the higher net margin — 2.2% vs 1.9%, a 0.3% gap on every dollar of revenue. On growth, CSG SYSTEMS INTERNATIONAL INC posted the faster year-over-year revenue change (2.0% vs -1.3%). Over the past eight quarters, CSG SYSTEMS INTERNATIONAL INC's revenue compounded faster (4.6% CAGR vs -4.2%).

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.

Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.

CSGS vs PK — Head-to-Head

Bigger by revenue
PK
PK
1.9× larger
PK
$630.0M
$323.1M
CSGS
Growing faster (revenue YoY)
CSGS
CSGS
+3.3% gap
CSGS
2.0%
-1.3%
PK
Higher net margin
CSGS
CSGS
0.3% more per $
CSGS
2.2%
1.9%
PK
Faster 2-yr revenue CAGR
CSGS
CSGS
Annualised
CSGS
4.6%
-4.2%
PK

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CSGS
CSGS
PK
PK
Revenue
$323.1M
$630.0M
Net Profit
$7.0M
$12.0M
Gross Margin
50.0%
Operating Margin
9.0%
9.8%
Net Margin
2.2%
1.9%
Revenue YoY
2.0%
-1.3%
Net Profit YoY
-79.7%
121.1%
EPS (diluted)
$0.24
$0.05

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
PK
PK
Q1 26
$630.0M
Q4 25
$323.1M
$629.0M
Q3 25
$303.6M
$610.0M
Q2 25
$297.1M
$672.0M
Q1 25
$299.5M
$630.0M
Q4 24
$316.7M
$625.0M
Q3 24
$295.1M
$649.0M
Q2 24
$290.3M
$686.0M
Net Profit
CSGS
CSGS
PK
PK
Q1 26
$12.0M
Q4 25
$7.0M
$-205.0M
Q3 25
$20.5M
$-16.0M
Q2 25
$12.3M
$-5.0M
Q1 25
$16.1M
$-57.0M
Q4 24
$34.5M
$66.0M
Q3 24
$19.1M
$54.0M
Q2 24
$13.8M
$64.0M
Gross Margin
CSGS
CSGS
PK
PK
Q1 26
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%
Operating Margin
CSGS
CSGS
PK
PK
Q1 26
9.8%
Q4 25
9.0%
-26.1%
Q3 25
10.0%
9.7%
Q2 25
10.0%
9.7%
Q1 25
9.8%
1.1%
Q4 24
13.4%
13.3%
Q3 24
10.8%
14.6%
Q2 24
8.8%
17.6%
Net Margin
CSGS
CSGS
PK
PK
Q1 26
1.9%
Q4 25
2.2%
-32.6%
Q3 25
6.7%
-2.6%
Q2 25
4.1%
-0.7%
Q1 25
5.4%
-9.0%
Q4 24
10.9%
10.6%
Q3 24
6.5%
8.3%
Q2 24
4.8%
9.3%
EPS (diluted)
CSGS
CSGS
PK
PK
Q1 26
$0.05
Q4 25
$0.24
$-1.04
Q3 25
$0.73
$-0.08
Q2 25
$0.44
$-0.02
Q1 25
$0.57
$-0.29
Q4 24
$1.20
$0.32
Q3 24
$0.67
$0.26
Q2 24
$0.48
$0.30

Balance Sheet & Financial Strength

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

Metric
CSGS
CSGS
PK
PK
Cash + ST InvestmentsLiquidity on hand
$180.0M
$156.0M
Total DebtLower is stronger
$539.5M
Stockholders' EquityBook value
$283.7M
$3.1B
Total Assets
$1.5B
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSGS
CSGS
PK
PK
Q1 26
$156.0M
Q4 25
$180.0M
$232.0M
Q3 25
$158.4M
$278.0M
Q2 25
$145.9M
$319.0M
Q1 25
$136.0M
$233.0M
Q4 24
$161.8M
$402.0M
Q3 24
$118.4M
$480.0M
Q2 24
$110.4M
$449.0M
Total Debt
CSGS
CSGS
PK
PK
Q1 26
Q4 25
$539.5M
$3.9B
Q3 25
$538.6M
$3.9B
Q2 25
$537.8M
$3.9B
Q1 25
$537.6M
$3.9B
Q4 24
$538.5M
$3.9B
Q3 24
$539.5M
$3.9B
Q2 24
$540.5M
$3.9B
Stockholders' Equity
CSGS
CSGS
PK
PK
Q1 26
$3.1B
Q4 25
$283.7M
$3.1B
Q3 25
$289.5M
$3.4B
Q2 25
$290.7M
$3.4B
Q1 25
$283.1M
$3.5B
Q4 24
$282.6M
$3.6B
Q3 24
$288.4M
$3.8B
Q2 24
$273.3M
$3.8B
Total Assets
CSGS
CSGS
PK
PK
Q1 26
Q4 25
$1.5B
$7.7B
Q3 25
$1.5B
$8.8B
Q2 25
$1.4B
$8.9B
Q1 25
$1.4B
$8.9B
Q4 24
$1.5B
$9.2B
Q3 24
$1.4B
$9.2B
Q2 24
$1.4B
$9.2B
Debt / Equity
CSGS
CSGS
PK
PK
Q1 26
Q4 25
1.90×
1.23×
Q3 25
1.86×
1.14×
Q2 25
1.85×
1.12×
Q1 25
1.90×
1.11×
Q4 24
1.91×
1.06×
Q3 24
1.87×
1.03×
Q2 24
1.98×
1.03×

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
PK
PK
Operating Cash FlowLast quarter
$59.2M
Free Cash FlowOCF − Capex
$55.8M
FCF MarginFCF / Revenue
17.3%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
8.46×
TTM Free Cash FlowTrailing 4 quarters
$141.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSGS
CSGS
PK
PK
Q1 26
Q4 25
$59.2M
$105.0M
Q3 25
$47.9M
$99.0M
Q2 25
$37.3M
$108.0M
Q1 25
$11.5M
$86.0M
Q4 24
$82.5M
$80.0M
Q3 24
$39.5M
$140.0M
Q2 24
$43.1M
$117.0M
Free Cash Flow
CSGS
CSGS
PK
PK
Q1 26
Q4 25
$55.8M
$-3.0M
Q3 25
$43.9M
$31.0M
Q2 25
$34.6M
$65.0M
Q1 25
$7.1M
$9.0M
Q4 24
$76.6M
$17.0M
Q3 24
$32.0M
$97.0M
Q2 24
$38.8M
$66.0M
FCF Margin
CSGS
CSGS
PK
PK
Q1 26
Q4 25
17.3%
-0.5%
Q3 25
14.5%
5.1%
Q2 25
11.6%
9.7%
Q1 25
2.4%
1.4%
Q4 24
24.2%
2.7%
Q3 24
10.8%
14.9%
Q2 24
13.4%
9.6%
Capex Intensity
CSGS
CSGS
PK
PK
Q1 26
Q4 25
1.1%
17.2%
Q3 25
1.3%
11.1%
Q2 25
0.9%
6.4%
Q1 25
1.5%
12.2%
Q4 24
1.9%
10.1%
Q3 24
2.5%
6.6%
Q2 24
1.5%
7.4%
Cash Conversion
CSGS
CSGS
PK
PK
Q1 26
Q4 25
8.46×
Q3 25
2.34×
Q2 25
3.04×
Q1 25
0.71×
Q4 24
2.39×
1.21×
Q3 24
2.07×
2.59×
Q2 24
3.12×
1.83×

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%

PK
PK

Comparable Hotel Revenues$617.0M98%
Other$13.0M2%

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