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Advantage Solutions Inc.（ADV）与CoStar Group（CSGP）财务数据对比。点击上方公司名可切换其他公司
Advantage Solutions Inc.的季度营收约是CoStar Group的1.0倍（$932.1M vs $899.9M），CoStar Group净利率更高（5.2% vs -17.4%，领先22.5%），CoStar Group同比增速更快（26.9% vs 4.5%），CoStar Group自由现金流更多（$101.3M vs $23.4M），过去两年CoStar Group的营收复合增速更高（17.1% vs 4.0%）
该公司是一家全球数据与分析企业，为众多行业提供数据技术服务、分析工具、预测洞察与欺诈防范方案，总部位于佐治亚州阿尔法利塔，在美国全境以及澳大利亚、巴西、中国、法国、中国香港、印度、爱尔兰、以色列、菲律宾、英国均设有办公地点。
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。
ADV vs CSGP — 直观对比
营收规模更大
ADV
是对方的1.0倍
$899.9M
营收增速更快
CSGP
高出22.4%
4.5%
净利率更高
CSGP
高出22.5%
-17.4%
自由现金流更多
CSGP
多$77.9M
$23.4M
两年增速更快
CSGP
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $932.1M | $899.9M |
| 净利润 | $-161.7M | $46.5M |
| 毛利率 | — | 78.6% |
| 营业利润率 | -17.4% | 5.5% |
| 净利率 | -17.4% | 5.2% |
| 营收同比 | 4.5% | 26.9% |
| 净利润同比 | 9.2% | -22.2% |
| 每股收益（稀释后） | — | $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ADVCSGP
| Q4 25 | $932.1M | $899.9M | ||
| Q3 25 | $915.0M | $833.6M | ||
| Q2 25 | $873.7M | $781.3M | ||
| Q1 25 | $821.8M | $732.2M | ||
| Q4 24 | $892.3M | $709.4M | ||
| Q3 24 | $939.3M | $692.6M | ||
| Q2 24 | $873.4M | $677.8M | ||
| Q1 24 | $861.4M | $656.4M |
净利润ADVCSGP
| Q4 25 | $-161.7M | $46.5M | ||
| Q3 25 | $20.6M | $-30.9M | ||
| Q2 25 | $-30.4M | $6.2M | ||
| Q1 25 | $-56.1M | $-14.8M | ||
| Q4 24 | $-178.0M | $59.8M | ||
| Q3 24 | $-42.8M | $53.0M | ||
| Q2 24 | $-100.8M | $19.2M | ||
| Q1 24 | $-5.3M | $6.7M |
毛利率ADVCSGP
| Q4 25 | — | 78.6% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 78.5% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 80.1% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 80.0% | ||
| Q1 24 | — | 78.5% |
营业利润率ADVCSGP
| Q4 25 | -17.4% | 5.5% | ||
| Q3 25 | 4.4% | -6.1% | ||
| Q2 25 | 1.1% | -3.5% | ||
| Q1 25 | -1.8% | -5.8% | ||
| Q4 24 | -19.1% | 5.6% | ||
| Q3 24 | -0.3% | 3.4% | ||
| Q2 24 | -10.4% | -2.4% | ||
| Q1 24 | -3.5% | -6.5% |
净利率ADVCSGP
| Q4 25 | -17.4% | 5.2% | ||
| Q3 25 | 2.2% | -3.7% | ||
| Q2 25 | -3.5% | 0.8% | ||
| Q1 25 | -6.8% | -2.0% | ||
| Q4 24 | -20.0% | 8.4% | ||
| Q3 24 | -4.6% | 7.7% | ||
| Q2 24 | -11.5% | 2.8% | ||
| Q1 24 | -0.6% | 1.0% |
每股收益（稀释后）ADVCSGP
| Q4 25 | — | $0.12 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $0.01 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $0.14 | ||
| Q3 24 | $-0.13 | $0.13 | ||
| Q2 24 | $-0.31 | $0.05 | ||
| Q1 24 | $-0.02 | $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 | $240.8M | $1.6B |
| 总债务越低越好 | $1.7B | $140.0M |
| 股东权益账面价值 | $554.0M | $8.3B |
| 总资产 | $2.8B | $10.5B |
| 负债/权益比越低杠杆越低 | 3.05× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资ADVCSGP
| Q4 25 | $240.8M | $1.6B | ||
| Q3 25 | $201.1M | $1.9B | ||
| Q2 25 | $102.9M | $3.6B | ||
| Q1 25 | $121.1M | $3.7B | ||
| Q4 24 | $205.2M | $4.7B | ||
| Q3 24 | $196.1M | — | ||
| Q2 24 | $154.0M | — | ||
| Q1 24 | $112.3M | — |
总债务ADVCSGP
| Q4 25 | $1.7B | $140.0M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.0B |
股东权益ADVCSGP
| Q4 25 | $554.0M | $8.3B | ||
| Q3 25 | $708.5M | $8.6B | ||
| Q2 25 | $683.6M | $8.6B | ||
| Q1 25 | $695.6M | $8.6B | ||
| Q4 24 | $748.7M | $7.6B | ||
| Q3 24 | $932.5M | $7.5B | ||
| Q2 24 | $973.7M | $7.4B | ||
| Q1 24 | $1.1B | $7.3B |
总资产ADVCSGP
| Q4 25 | $2.8B | $10.5B | ||
| Q3 25 | $3.0B | $10.8B | ||
| Q2 25 | $3.0B | $10.5B | ||
| Q1 25 | $3.0B | $10.4B | ||
| Q4 24 | $3.1B | $9.3B | ||
| Q3 24 | $3.4B | $9.1B | ||
| Q2 24 | $3.5B | $9.1B | ||
| Q1 24 | $3.6B | $9.0B |
负债/权益比ADVCSGP
| Q4 25 | 3.05× | 0.02× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | 2.30× | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 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 | $45.6M | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $23.4M | $101.3M |
| 自由现金流率自由现金流/营收 | 2.5% | 11.3% |
| 资本支出强度资本支出/营收 | 2.4% | 6.8% |
| 现金转化率经营现金流/净利润 | — | 3.49× |
| 过去12个月自由现金流最近4个季度 | $10.7M | $123.0M |
8季度趋势，按日历期对齐
经营现金流ADVCSGP
| Q4 25 | $45.6M | $162.1M | ||
| Q3 25 | $63.6M | $68.2M | ||
| Q2 25 | $-8.1M | $146.5M | ||
| Q1 25 | $-39.6M | $53.2M | ||
| Q4 24 | $15.1M | $94.6M | ||
| Q3 24 | $34.0M | $100.3M | ||
| Q2 24 | $53.4M | $58.1M | ||
| Q1 24 | $-9.4M | $139.6M |
自由现金流ADVCSGP
| Q4 25 | $23.4M | $101.3M | ||
| Q3 25 | $52.2M | $-5.5M | ||
| Q2 25 | $-10.2M | $27.7M | ||
| Q1 25 | $-54.7M | $-500.0K | ||
| Q4 24 | $-27.4M | $25.2M | ||
| Q3 24 | $8.6M | $40.2M | ||
| Q2 24 | $43.8M | $-14.7M | ||
| Q1 24 | $-24.8M | $-237.1M |
自由现金流率ADVCSGP
| Q4 25 | 2.5% | 11.3% | ||
| Q3 25 | 5.7% | -0.7% | ||
| Q2 25 | -1.2% | 3.5% | ||
| Q1 25 | -6.7% | -0.1% | ||
| Q4 24 | -3.1% | 3.6% | ||
| Q3 24 | 0.9% | 5.8% | ||
| Q2 24 | 5.0% | -2.2% | ||
| Q1 24 | -2.9% | -36.1% |
资本支出强度ADVCSGP
| Q4 25 | 2.4% | 6.8% | ||
| Q3 25 | 1.3% | 8.8% | ||
| Q2 25 | 0.2% | 15.2% | ||
| Q1 25 | 1.8% | 7.3% | ||
| Q4 24 | 4.8% | 9.8% | ||
| Q3 24 | 2.7% | 8.7% | ||
| Q2 24 | 1.1% | 10.7% | ||
| Q1 24 | 1.8% | 57.4% |
现金转化率ADVCSGP
| Q4 25 | — | 3.49× | ||
| Q3 25 | 3.09× | — | ||
| Q2 25 | — | 23.63× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | — | 3.03× | ||
| Q1 24 | — | 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
ADV
| Experiential Services | $395.9M | 42% |
| Branded Services | $289.8M | 31% |
| Retailer Services | $246.5M | 26% |
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
