vs
Addus HomeCare Corp（ADUS）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
Addus HomeCare Corp的季度营收约是南玻集团的1.2倍（$373.1M vs $323.1M），Addus HomeCare Corp净利率更高（8.0% vs 2.2%，领先5.8%），Addus HomeCare Corp同比增速更快（25.6% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $16.1M），过去两年Addus HomeCare Corp的营收复合增速更高（15.3% vs 4.6%）
Addus HomeCare Corp是一家总部位于美国的家庭护理服务提供商，主要为老年人、残障人士及慢性病患者提供个人护理、居家健康支持、临终关怀等服务，业务覆盖美国多个州，合作方包括政府支付机构、私营保险公司及个人客户。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
ADUS vs CSGS — 直观对比
营收规模更大
ADUS
是对方的1.2倍
$323.1M
营收增速更快
ADUS
高出23.5%
2.0%
净利率更高
ADUS
高出5.8%
2.2%
自由现金流更多
CSGS
多$39.7M
$16.1M
两年增速更快
ADUS
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $373.1M | $323.1M |
| 净利润 | $29.8M | $7.0M |
| 毛利率 | 33.1% | 50.0% |
| 营业利润率 | 11.3% | 9.0% |
| 净利率 | 8.0% | 2.2% |
| 营收同比 | 25.6% | 2.0% |
| 净利润同比 | 52.5% | -79.7% |
| 每股收益（稀释后） | $1.62 | $0.24 |
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ADUSCSGS
| Q4 25 | $373.1M | $323.1M | ||
| Q3 25 | $362.3M | $303.6M | ||
| Q2 25 | $349.4M | $297.1M | ||
| Q1 25 | $337.7M | $299.5M | ||
| Q4 24 | $297.1M | $316.7M | ||
| Q3 24 | $289.8M | $295.1M | ||
| Q2 24 | $286.9M | $290.3M | ||
| Q1 24 | $280.7M | $295.1M |
净利润ADUSCSGS
| Q4 25 | $29.8M | $7.0M | ||
| Q3 25 | $22.8M | $20.5M | ||
| Q2 25 | $22.1M | $12.3M | ||
| Q1 25 | $21.2M | $16.1M | ||
| Q4 24 | $19.5M | $34.5M | ||
| Q3 24 | $20.2M | $19.1M | ||
| Q2 24 | $18.1M | $13.8M | ||
| Q1 24 | $15.8M | $19.5M |
毛利率ADUSCSGS
| Q4 25 | 33.1% | 50.0% | ||
| Q3 25 | 32.2% | 48.1% | ||
| Q2 25 | 32.6% | 49.5% | ||
| Q1 25 | 31.9% | 48.4% | ||
| Q4 24 | 34.2% | 51.3% | ||
| Q3 24 | 31.8% | 49.4% | ||
| Q2 24 | 32.5% | 47.3% | ||
| Q1 24 | 31.4% | 46.5% |
营业利润率ADUSCSGS
| Q4 25 | 11.3% | 9.0% | ||
| Q3 25 | 9.1% | 10.0% | ||
| Q2 25 | 9.4% | 10.0% | ||
| Q1 25 | 9.0% | 9.8% | ||
| Q4 24 | 9.1% | 13.4% | ||
| Q3 24 | 9.0% | 10.8% | ||
| Q2 24 | 9.1% | 8.8% | ||
| Q1 24 | 8.4% | 10.8% |
净利率ADUSCSGS
| Q4 25 | 8.0% | 2.2% | ||
| Q3 25 | 6.3% | 6.7% | ||
| Q2 25 | 6.3% | 4.1% | ||
| Q1 25 | 6.3% | 5.4% | ||
| Q4 24 | 6.6% | 10.9% | ||
| Q3 24 | 7.0% | 6.5% | ||
| Q2 24 | 6.3% | 4.8% | ||
| Q1 24 | 5.6% | 6.6% |
每股收益（稀释后）ADUSCSGS
| Q4 25 | $1.62 | $0.24 | ||
| Q3 25 | $1.24 | $0.73 | ||
| Q2 25 | $1.20 | $0.44 | ||
| Q1 25 | $1.16 | $0.57 | ||
| Q4 24 | $1.06 | $1.20 | ||
| Q3 24 | $1.10 | $0.67 | ||
| Q2 24 | $1.10 | $0.48 | ||
| Q1 24 | $0.97 | $0.68 |
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 | — | $180.0M |
| 总债务越低越好 | $121.0M | $539.5M |
| 股东权益账面价值 | $1.1B | $283.7M |
| 总资产 | $1.4B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.11× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资ADUSCSGS
| Q4 25 | — | $180.0M | ||
| Q3 25 | — | $158.4M | ||
| Q2 25 | — | $145.9M | ||
| Q1 25 | $97.0M | $136.0M | ||
| Q4 24 | $98.9M | $161.8M | ||
| Q3 24 | $222.9M | $118.4M | ||
| Q2 24 | $173.3M | $110.4M | ||
| Q1 24 | $76.7M | $120.8M |
总债务ADUSCSGS
| Q4 25 | $121.0M | $539.5M | ||
| Q3 25 | $150.6M | $538.6M | ||
| Q2 25 | $169.1M | $537.8M | ||
| Q1 25 | — | $537.6M | ||
| Q4 24 | $218.4M | $538.5M | ||
| Q3 24 | — | $539.5M | ||
| Q2 24 | — | $540.5M | ||
| Q1 24 | — | $541.5M |
股东权益ADUSCSGS
| Q4 25 | $1.1B | $283.7M | ||
| Q3 25 | $1.0B | $289.5M | ||
| Q2 25 | $1.0B | $290.7M | ||
| Q1 25 | $995.4M | $283.1M | ||
| Q4 24 | $970.5M | $282.6M | ||
| Q3 24 | $947.6M | $288.4M | ||
| Q2 24 | $921.7M | $273.3M | ||
| Q1 24 | $725.1M | $269.3M |
总资产ADUSCSGS
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.0B | $1.3B |
负债/权益比ADUSCSGS
| Q4 25 | 0.11× | 1.90× | ||
| Q3 25 | 0.14× | 1.86× | ||
| Q2 25 | 0.17× | 1.85× | ||
| Q1 25 | — | 1.90× | ||
| Q4 24 | 0.23× | 1.91× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.98× | ||
| Q1 24 | — | 2.01× |
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 | $18.8M | $59.2M |
| 自由现金流经营现金流 - 资本支出 | $16.1M | $55.8M |
| 自由现金流率自由现金流/营收 | 4.3% | 17.3% |
| 资本支出强度资本支出/营收 | 0.7% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.63× | 8.46× |
| 过去12个月自由现金流最近4个季度 | $103.8M | $141.4M |
8季度趋势，按日历期对齐
经营现金流ADUSCSGS
| Q4 25 | $18.8M | $59.2M | ||
| Q3 25 | $51.3M | $47.9M | ||
| Q2 25 | $22.5M | $37.3M | ||
| Q1 25 | $18.9M | $11.5M | ||
| Q4 24 | $10.4M | $82.5M | ||
| Q3 24 | $48.5M | $39.5M | ||
| Q2 24 | $18.8M | $43.1M | ||
| Q1 24 | $38.7M | $-29.4M |
自由现金流ADUSCSGS
| Q4 25 | $16.1M | $55.8M | ||
| Q3 25 | $49.3M | $43.9M | ||
| Q2 25 | $21.3M | $34.6M | ||
| Q1 25 | $17.1M | $7.1M | ||
| Q4 24 | $8.7M | $76.6M | ||
| Q3 24 | $46.6M | $32.0M | ||
| Q2 24 | $17.7M | $38.8M | ||
| Q1 24 | $37.3M | $-34.1M |
自由现金流率ADUSCSGS
| Q4 25 | 4.3% | 17.3% | ||
| Q3 25 | 13.6% | 14.5% | ||
| Q2 25 | 6.1% | 11.6% | ||
| Q1 25 | 5.1% | 2.4% | ||
| Q4 24 | 2.9% | 24.2% | ||
| Q3 24 | 16.1% | 10.8% | ||
| Q2 24 | 6.2% | 13.4% | ||
| Q1 24 | 13.3% | -11.6% |
资本支出强度ADUSCSGS
| Q4 25 | 0.7% | 1.1% | ||
| Q3 25 | 0.5% | 1.3% | ||
| Q2 25 | 0.4% | 0.9% | ||
| Q1 25 | 0.6% | 1.5% | ||
| Q4 24 | 0.6% | 1.9% | ||
| Q3 24 | 0.7% | 2.5% | ||
| Q2 24 | 0.4% | 1.5% | ||
| Q1 24 | 0.5% | 1.6% |
现金转化率ADUSCSGS
| Q4 25 | 0.63× | 8.46× | ||
| Q3 25 | 2.24× | 2.34× | ||
| Q2 25 | 1.02× | 3.04× | ||
| Q1 25 | 0.89× | 0.71× | ||
| Q4 24 | 0.53× | 2.39× | ||
| Q3 24 | 2.41× | 2.07× | ||
| Q2 24 | 1.04× | 3.12× | ||
| Q1 24 | 2.44× | -1.51× |
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
ADUS
| Personal Care | $286.0M | 77% |
| Hospice | $70.0M | 19% |
| Home Health | $17.1M | 5% |
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
