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APOGEE ENTERPRISES, INC.（APOG）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
APOGEE ENTERPRISES, INC.的季度营收约是南玻集团的1.1倍（$351.4M vs $323.1M），APOGEE ENTERPRISES, INC.净利率更高（4.7% vs 2.2%，领先2.6%），南玻集团同比增速更快（2.0% vs 1.6%），过去两年南玻集团的营收复合增速更高（4.6% vs 2.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
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。
APOG vs CSGS — 直观对比
营收规模更大
APOG
是对方的1.1倍
$323.1M
营收增速更快
CSGS
高出0.4%
1.6%
净利率更高
APOG
高出2.6%
2.2%
两年增速更快
CSGS
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $323.1M |
| 净利润 | $16.6M | $7.0M |
| 毛利率 | 22.4% | 50.0% |
| 营业利润率 | 7.3% | 9.0% |
| 净利率 | 4.7% | 2.2% |
| 营收同比 | 1.6% | 2.0% |
| 净利润同比 | 568.8% | -79.7% |
| 每股收益（稀释后） | $0.78 | $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APOGCSGS
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $323.1M | ||
| Q3 25 | $358.2M | $303.6M | ||
| Q2 25 | $346.6M | $297.1M | ||
| Q1 25 | $345.7M | $299.5M | ||
| Q4 24 | $341.3M | $316.7M | ||
| Q3 24 | $342.4M | $295.1M | ||
| Q2 24 | $331.5M | $290.3M |
净利润APOGCSGS
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $7.0M | ||
| Q3 25 | $23.6M | $20.5M | ||
| Q2 25 | $-2.7M | $12.3M | ||
| Q1 25 | $2.5M | $16.1M | ||
| Q4 24 | $21.0M | $34.5M | ||
| Q3 24 | $30.6M | $19.1M | ||
| Q2 24 | $31.0M | $13.8M |
毛利率APOGCSGS
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 50.0% | ||
| Q3 25 | 23.1% | 48.1% | ||
| Q2 25 | 21.7% | 49.5% | ||
| Q1 25 | 21.6% | 48.4% | ||
| Q4 24 | 26.1% | 51.3% | ||
| Q3 24 | 28.4% | 49.4% | ||
| Q2 24 | 29.8% | 47.3% |
营业利润率APOGCSGS
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 9.0% | ||
| Q3 25 | 7.5% | 10.0% | ||
| Q2 25 | 2.0% | 10.0% | ||
| Q1 25 | 1.8% | 9.8% | ||
| Q4 24 | 8.4% | 13.4% | ||
| Q3 24 | 12.3% | 10.8% | ||
| Q2 24 | 12.5% | 8.8% |
净利率APOGCSGS
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 2.2% | ||
| Q3 25 | 6.6% | 6.7% | ||
| Q2 25 | -0.8% | 4.1% | ||
| Q1 25 | 0.7% | 5.4% | ||
| Q4 24 | 6.1% | 10.9% | ||
| Q3 24 | 8.9% | 6.5% | ||
| Q2 24 | 9.4% | 4.8% |
每股收益（稀释后）APOGCSGS
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.24 | ||
| Q3 25 | $1.10 | $0.73 | ||
| Q2 25 | $-0.13 | $0.44 | ||
| Q1 25 | $0.12 | $0.57 | ||
| Q4 24 | $0.96 | $1.20 | ||
| Q3 24 | $1.40 | $0.67 | ||
| Q2 24 | $1.41 | $0.48 |
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 | $39.5M | $180.0M |
| 总债务越低越好 | $232.3M | $539.5M |
| 股东权益账面价值 | $511.8M | $283.7M |
| 总资产 | $1.1B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.45× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资APOGCSGS
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $180.0M | ||
| Q3 25 | $39.5M | $158.4M | ||
| Q2 25 | $32.8M | $145.9M | ||
| Q1 25 | $41.4M | $136.0M | ||
| Q4 24 | $43.9M | $161.8M | ||
| Q3 24 | $51.0M | $118.4M | ||
| Q2 24 | $30.4M | $110.4M |
总债务APOGCSGS
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $539.5M | ||
| Q3 25 | — | $538.6M | ||
| Q2 25 | — | $537.8M | ||
| Q1 25 | $285.0M | $537.6M | ||
| Q4 24 | — | $538.5M | ||
| Q3 24 | — | $539.5M | ||
| Q2 24 | — | $540.5M |
股东权益APOGCSGS
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $283.7M | ||
| Q3 25 | $500.2M | $289.5M | ||
| Q2 25 | $481.8M | $290.7M | ||
| Q1 25 | $487.9M | $283.1M | ||
| Q4 24 | $522.1M | $282.6M | ||
| Q3 24 | $506.4M | $288.4M | ||
| Q2 24 | $480.0M | $273.3M |
总资产APOGCSGS
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $917.1M | $1.4B | ||
| Q2 24 | $889.0M | $1.4B |
负债/权益比APOGCSGS
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.86× | ||
| Q2 25 | — | 1.85× | ||
| Q1 25 | 0.58× | 1.90× | ||
| Q4 24 | — | 1.91× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.98× |
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 | $122.5M | $59.2M |
| 自由现金流经营现金流 - 资本支出 | — | $55.8M |
| 自由现金流率自由现金流/营收 | — | 17.3% |
| 资本支出强度资本支出/营收 | 7.8% | 1.1% |
| 现金转化率经营现金流/净利润 | 7.37× | 8.46× |
| 过去12个月自由现金流最近4个季度 | — | $141.4M |
8季度趋势，按日历期对齐
经营现金流APOGCSGS
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $59.2M | ||
| Q3 25 | $57.1M | $47.9M | ||
| Q2 25 | $-19.8M | $37.3M | ||
| Q1 25 | $30.0M | $11.5M | ||
| Q4 24 | $31.0M | $82.5M | ||
| Q3 24 | $58.7M | $39.5M | ||
| Q2 24 | $5.5M | $43.1M |
自由现金流APOGCSGS
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $55.8M | ||
| Q3 25 | $52.4M | $43.9M | ||
| Q2 25 | $-26.9M | $34.6M | ||
| Q1 25 | $19.1M | $7.1M | ||
| Q4 24 | $22.0M | $76.6M | ||
| Q3 24 | $50.2M | $32.0M | ||
| Q2 24 | $-1.8M | $38.8M |
自由现金流率APOGCSGS
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 17.3% | ||
| Q3 25 | 14.6% | 14.5% | ||
| Q2 25 | -7.8% | 11.6% | ||
| Q1 25 | 5.5% | 2.4% | ||
| Q4 24 | 6.4% | 24.2% | ||
| Q3 24 | 14.7% | 10.8% | ||
| Q2 24 | -0.5% | 13.4% |
资本支出强度APOGCSGS
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 1.1% | ||
| Q3 25 | 1.3% | 1.3% | ||
| Q2 25 | 2.1% | 0.9% | ||
| Q1 25 | 3.2% | 1.5% | ||
| Q4 24 | 2.6% | 1.9% | ||
| Q3 24 | 2.5% | 2.5% | ||
| Q2 24 | 2.2% | 1.5% |
现金转化率APOGCSGS
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 8.46× | ||
| Q3 25 | 2.41× | 2.34× | ||
| Q2 25 | — | 3.04× | ||
| Q1 25 | 12.08× | 0.71× | ||
| Q4 24 | 1.48× | 2.39× | ||
| Q3 24 | 1.92× | 2.07× | ||
| Q2 24 | 0.18× | 3.12× |
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
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
