vs
Arcosa, Inc.（ACA）与CoStar Group（CSGP）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是Arcosa, Inc.的1.3倍（$899.9M vs $716.7M），Arcosa, Inc.净利率更高（7.3% vs 5.2%，领先2.1%），CoStar Group同比增速更快（26.9% vs 7.6%），CoStar Group自由现金流更多（$101.3M vs $55.8M），过去两年CoStar Group的营收复合增速更高（17.1% vs 9.4%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
CoStar Group是1987年成立的美国商业地产服务商，总部位于弗吉尼亚州阿灵顿，业务覆盖北美、欧洲地区，为商业地产行业提供信息、分析及营销解决方案，旗下运营CoStar线上数据库、新闻网站及Apartments.com、Homes.com等多个线上平台。
ACA vs CSGP — 直观对比
营收规模更大
CSGP
是对方的1.3倍
$716.7M
营收增速更快
CSGP
高出19.3%
7.6%
净利率更高
ACA
高出2.1%
5.2%
自由现金流更多
CSGP
多$45.5M
$55.8M
两年增速更快
CSGP
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $899.9M |
| 净利润 | $52.1M | $46.5M |
| 毛利率 | 22.9% | 78.6% |
| 营业利润率 | 11.0% | 5.5% |
| 净利率 | 7.3% | 5.2% |
| 营收同比 | 7.6% | 26.9% |
| 净利润同比 | 776.6% | -22.2% |
| 每股收益（稀释后） | $1.06 | $0.12 |
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ACACSGP
| Q4 25 | $716.7M | $899.9M | ||
| Q3 25 | $797.8M | $833.6M | ||
| Q2 25 | $736.9M | $781.3M | ||
| Q1 25 | $632.0M | $732.2M | ||
| Q4 24 | $666.2M | $709.4M | ||
| Q3 24 | $640.4M | $692.6M | ||
| Q2 24 | $664.7M | $677.8M | ||
| Q1 24 | $598.6M | $656.4M |
净利润ACACSGP
| Q4 25 | $52.1M | $46.5M | ||
| Q3 25 | $73.0M | $-30.9M | ||
| Q2 25 | $59.7M | $6.2M | ||
| Q1 25 | $23.6M | $-14.8M | ||
| Q4 24 | $-7.7M | $59.8M | ||
| Q3 24 | $16.6M | $53.0M | ||
| Q2 24 | $45.6M | $19.2M | ||
| Q1 24 | $39.2M | $6.7M |
毛利率ACACSGP
| Q4 25 | 22.9% | 78.6% | ||
| Q3 25 | 24.1% | 79.3% | ||
| Q2 25 | 22.5% | 78.5% | ||
| Q1 25 | 19.8% | 79.1% | ||
| Q4 24 | 19.3% | 80.1% | ||
| Q3 24 | 21.3% | 79.7% | ||
| Q2 24 | 20.8% | 80.0% | ||
| Q1 24 | 18.6% | 78.5% |
营业利润率ACACSGP
| Q4 25 | 11.0% | 5.5% | ||
| Q3 25 | 14.1% | -6.1% | ||
| Q2 25 | 12.9% | -3.5% | ||
| Q1 25 | 8.8% | -5.8% | ||
| Q4 24 | 6.5% | 5.6% | ||
| Q3 24 | 5.3% | 3.4% | ||
| Q2 24 | 10.1% | -2.4% | ||
| Q1 24 | 8.9% | -6.5% |
净利率ACACSGP
| Q4 25 | 7.3% | 5.2% | ||
| Q3 25 | 9.2% | -3.7% | ||
| Q2 25 | 8.1% | 0.8% | ||
| Q1 25 | 3.7% | -2.0% | ||
| Q4 24 | -1.2% | 8.4% | ||
| Q3 24 | 2.6% | 7.7% | ||
| Q2 24 | 6.9% | 2.8% | ||
| Q1 24 | 6.5% | 1.0% |
每股收益（稀释后）ACACSGP
| Q4 25 | $1.06 | $0.12 | ||
| Q3 25 | $1.48 | $-0.07 | ||
| Q2 25 | $1.22 | $0.01 | ||
| Q1 25 | $0.48 | $-0.04 | ||
| Q4 24 | $-0.16 | $0.14 | ||
| Q3 24 | $0.34 | $0.13 | ||
| Q2 24 | $0.93 | $0.05 | ||
| Q1 24 | $0.80 | $0.02 |
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 | $214.6M | $1.6B |
| 总债务越低越好 | $1.5B | $140.0M |
| 股东权益账面价值 | $2.6B | $8.3B |
| 总资产 | $5.0B | $10.5B |
| 负债/权益比越低杠杆越低 | 0.57× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资ACACSGP
| Q4 25 | $214.6M | $1.6B | ||
| Q3 25 | $220.0M | $1.9B | ||
| Q2 25 | $189.7M | $3.6B | ||
| Q1 25 | $167.9M | $3.7B | ||
| Q4 24 | $187.3M | $4.7B | ||
| Q3 24 | $756.8M | — | ||
| Q2 24 | $103.7M | — | ||
| Q1 24 | $176.5M | — |
总债务ACACSGP
| Q4 25 | $1.5B | $140.0M | ||
| Q3 25 | $1.6B | $1.0B | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $699.9M | $1.0B | ||
| Q1 24 | $600.6M | $1.0B |
股东权益ACACSGP
| Q4 25 | $2.6B | $8.3B | ||
| Q3 25 | $2.6B | $8.6B | ||
| Q2 25 | $2.5B | $8.6B | ||
| Q1 25 | $2.5B | $8.6B | ||
| Q4 24 | $2.4B | $7.6B | ||
| Q3 24 | $2.4B | $7.5B | ||
| Q2 24 | $2.4B | $7.4B | ||
| Q1 24 | $2.4B | $7.3B |
总资产ACACSGP
| Q4 25 | $5.0B | $10.5B | ||
| Q3 25 | $5.1B | $10.8B | ||
| Q2 25 | $5.0B | $10.5B | ||
| Q1 25 | $4.9B | $10.4B | ||
| Q4 24 | $4.9B | $9.3B | ||
| Q3 24 | $4.4B | $9.1B | ||
| Q2 24 | $3.8B | $9.1B | ||
| Q1 24 | $3.7B | $9.0B |
负债/权益比ACACSGP
| Q4 25 | 0.57× | 0.02× | ||
| Q3 25 | 0.61× | 0.12× | ||
| Q2 25 | 0.67× | 0.12× | ||
| Q1 25 | 0.68× | 0.12× | ||
| Q4 24 | 0.69× | 0.13× | ||
| Q3 24 | 0.51× | 0.13× | ||
| Q2 24 | 0.29× | 0.14× | ||
| Q1 24 | 0.25× | 0.14× |
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 | $120.0M | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $101.3M |
| 自由现金流率自由现金流/营收 | 7.8% | 11.3% |
| 资本支出强度资本支出/营收 | 9.0% | 6.8% |
| 现金转化率经营现金流/净利润 | 2.30× | 3.49× |
| 过去12个月自由现金流最近4个季度 | $175.5M | $123.0M |
8季度趋势，按日历期对齐
经营现金流ACACSGP
| Q4 25 | $120.0M | $162.1M | ||
| Q3 25 | $160.6M | $68.2M | ||
| Q2 25 | $61.2M | $146.5M | ||
| Q1 25 | $-700.0K | $53.2M | ||
| Q4 24 | $248.2M | $94.6M | ||
| Q3 24 | $135.0M | $100.3M | ||
| Q2 24 | $38.3M | $58.1M | ||
| Q1 24 | $80.5M | $139.6M |
自由现金流ACACSGP
| Q4 25 | $55.8M | $101.3M | ||
| Q3 25 | $121.0M | $-5.5M | ||
| Q2 25 | $33.4M | $27.7M | ||
| Q1 25 | $-34.7M | $-500.0K | ||
| Q4 24 | $194.9M | $25.2M | ||
| Q3 24 | $100.6M | $40.2M | ||
| Q2 24 | $-9.3M | $-14.7M | ||
| Q1 24 | $26.1M | $-237.1M |
自由现金流率ACACSGP
| Q4 25 | 7.8% | 11.3% | ||
| Q3 25 | 15.2% | -0.7% | ||
| Q2 25 | 4.5% | 3.5% | ||
| Q1 25 | -5.5% | -0.1% | ||
| Q4 24 | 29.3% | 3.6% | ||
| Q3 24 | 15.7% | 5.8% | ||
| Q2 24 | -1.4% | -2.2% | ||
| Q1 24 | 4.4% | -36.1% |
资本支出强度ACACSGP
| Q4 25 | 9.0% | 6.8% | ||
| Q3 25 | 5.0% | 8.8% | ||
| Q2 25 | 3.8% | 15.2% | ||
| Q1 25 | 5.4% | 7.3% | ||
| Q4 24 | 8.0% | 9.8% | ||
| Q3 24 | 5.4% | 8.7% | ||
| Q2 24 | 7.2% | 10.7% | ||
| Q1 24 | 9.1% | 57.4% |
现金转化率ACACSGP
| Q4 25 | 2.30× | 3.49× | ||
| Q3 25 | 2.20× | — | ||
| Q2 25 | 1.03× | 23.63× | ||
| Q1 25 | -0.03× | — | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | 8.13× | 1.89× | ||
| Q2 24 | 0.84× | 3.03× | ||
| Q1 24 | 2.05× | 20.84× |
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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
