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AMERICAN REALTY INVESTORS INC（ARL）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AMERICAN REALTY INVESTORS INC的69.2倍（$899.9M vs $13.0M）。AMERICAN REALTY INVESTORS INC净利率更高（75.2% vs 5.2%，领先70.0%）。CoStar Group同比增速更快（26.9% vs 8.1%）。过去两年CoStar Group的营收复合增速更高（17.1% vs 4.6%）
原温加顿地产投资者是一家房地产投资信托公司，主要投资于美国南部的购物中心，且项目大多以杂货店作为主力店。该公司在2021年8月被金考地产收购。
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。
ARL vs CSGP — 直观对比
营收规模更大
CSGP
是对方的69.2倍
$13.0M
营收增速更快
CSGP
高出18.8%
8.1%
净利率更高
ARL
高出70.0%
5.2%
两年增速更快
CSGP
近两年复合增速
4.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $13.0M | $899.9M |
| 净利润 | $9.8M | $46.5M |
| 毛利率 | — | 78.6% |
| 营业利润率 | -23.3% | 5.5% |
| 净利率 | 75.2% | 5.2% |
| 营收同比 | 8.1% | 26.9% |
| 净利润同比 | 6175.8% | -22.2% |
| 每股收益（稀释后） | $0.60 | $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ARLCSGP
| Q4 25 | $13.0M | $899.9M | ||
| Q3 25 | $12.8M | $833.6M | ||
| Q2 25 | $12.2M | $781.3M | ||
| Q1 25 | $12.0M | $732.2M | ||
| Q4 24 | $12.0M | $709.4M | ||
| Q3 24 | $11.6M | $692.6M | ||
| Q2 24 | $11.8M | $677.8M | ||
| Q1 24 | $11.9M | $656.4M |
净利润ARLCSGP
| Q4 25 | $9.8M | $46.5M | ||
| Q3 25 | $129.0K | $-30.9M | ||
| Q2 25 | $2.8M | $6.2M | ||
| Q1 25 | $3.0M | $-14.8M | ||
| Q4 24 | $-161.0K | $59.8M | ||
| Q3 24 | $-17.5M | $53.0M | ||
| Q2 24 | $1.2M | $19.2M | ||
| Q1 24 | $1.8M | $6.7M |
毛利率ARLCSGP
| 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ARLCSGP
| Q4 25 | -23.3% | 5.5% | ||
| Q3 25 | -12.3% | -6.1% | ||
| Q2 25 | -8.3% | -3.5% | ||
| Q1 25 | -6.8% | -5.8% | ||
| Q4 24 | -14.8% | 5.6% | ||
| Q3 24 | -17.8% | 3.4% | ||
| Q2 24 | -10.8% | -2.4% | ||
| Q1 24 | -12.7% | -6.5% |
净利率ARLCSGP
| Q4 25 | 75.2% | 5.2% | ||
| Q3 25 | 1.0% | -3.7% | ||
| Q2 25 | 23.2% | 0.8% | ||
| Q1 25 | 24.7% | -2.0% | ||
| Q4 24 | -1.3% | 8.4% | ||
| Q3 24 | -150.4% | 7.7% | ||
| Q2 24 | 9.9% | 2.8% | ||
| Q1 24 | 14.7% | 1.0% |
每股收益（稀释后）ARLCSGP
| Q4 25 | $0.60 | $0.12 | ||
| Q3 25 | $0.01 | $-0.07 | ||
| Q2 25 | $0.18 | $0.01 | ||
| Q1 25 | $0.18 | $-0.04 | ||
| Q4 24 | $-0.01 | $0.14 | ||
| Q3 24 | $-1.08 | $0.13 | ||
| Q2 24 | $0.07 | $0.05 | ||
| Q1 24 | $0.11 | $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 | $89.1M | $1.6B |
| 总债务越低越好 | $214.4M | $140.0M |
| 股东权益账面价值 | $617.4M | $8.3B |
| 总资产 | $1.1B | $10.5B |
| 负债/权益比越低杠杆越低 | 0.35× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资ARLCSGP
| Q4 25 | $89.1M | $1.6B | ||
| Q3 25 | $82.8M | $1.9B | ||
| Q2 25 | $73.5M | $3.6B | ||
| Q1 25 | $88.7M | $3.7B | ||
| Q4 24 | $99.7M | $4.7B | ||
| Q3 24 | $131.6M | — | ||
| Q2 24 | $127.5M | — | ||
| Q1 24 | $130.9M | — |
总债务ARLCSGP
| Q4 25 | $214.4M | $140.0M | ||
| Q3 25 | $227.0M | $1.0B | ||
| Q2 25 | $216.0M | $1.0B | ||
| Q1 25 | $201.7M | $1.0B | ||
| Q4 24 | $185.4M | $1.0B | ||
| Q3 24 | $183.8M | $1.0B | ||
| Q2 24 | $181.0M | $1.0B | ||
| Q1 24 | $181.8M | $1.0B |
股东权益ARLCSGP
| Q4 25 | $617.4M | $8.3B | ||
| Q3 25 | $607.8M | $8.6B | ||
| Q2 25 | $607.8M | $8.6B | ||
| Q1 25 | $604.9M | $8.6B | ||
| Q4 24 | $601.8M | $7.6B | ||
| Q3 24 | $602.2M | $7.5B | ||
| Q2 24 | $619.9M | $7.4B | ||
| Q1 24 | $618.8M | $7.3B |
总资产ARLCSGP
| Q4 25 | $1.1B | $10.5B | ||
| Q3 25 | $1.1B | $10.8B | ||
| Q2 25 | $1.1B | $10.5B | ||
| Q1 25 | $1.0B | $10.4B | ||
| Q4 24 | $1.0B | $9.3B | ||
| Q3 24 | $1.0B | $9.1B | ||
| Q2 24 | $1.0B | $9.1B | ||
| Q1 24 | $1.0B | $9.0B |
负债/权益比ARLCSGP
| Q4 25 | 0.35× | 0.02× | ||
| Q3 25 | 0.37× | 0.12× | ||
| Q2 25 | 0.36× | 0.12× | ||
| Q1 25 | 0.33× | 0.12× | ||
| Q4 24 | 0.31× | 0.13× | ||
| Q3 24 | 0.31× | 0.13× | ||
| Q2 24 | 0.29× | 0.14× | ||
| Q1 24 | 0.29× | 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 | $-3.2M | $162.1M |
| 自由现金流经营现金流 - 资本支出 | — | $101.3M |
| 自由现金流率自由现金流/营收 | — | 11.3% |
| 资本支出强度资本支出/营收 | — | 6.8% |
| 现金转化率经营现金流/净利润 | -0.33× | 3.49× |
| 过去12个月自由现金流最近4个季度 | — | $123.0M |
8季度趋势，按日历期对齐
经营现金流ARLCSGP
| Q4 25 | $-3.2M | $162.1M | ||
| Q3 25 | $8.0M | $68.2M | ||
| Q2 25 | $-2.9M | $146.5M | ||
| Q1 25 | $-7.4M | $53.2M | ||
| Q4 24 | $-15.8M | $94.6M | ||
| Q3 24 | $13.5M | $100.3M | ||
| Q2 24 | $-503.0K | $58.1M | ||
| Q1 24 | $3.9M | $139.6M |
自由现金流ARLCSGP
| Q4 25 | — | $101.3M | ||
| Q3 25 | — | $-5.5M | ||
| Q2 25 | — | $27.7M | ||
| Q1 25 | — | $-500.0K | ||
| Q4 24 | — | $25.2M | ||
| Q3 24 | — | $40.2M | ||
| Q2 24 | — | $-14.7M | ||
| Q1 24 | — | $-237.1M |
自由现金流率ARLCSGP
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | -0.7% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | -0.1% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | -2.2% | ||
| Q1 24 | — | -36.1% |
资本支出强度ARLCSGP
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 7.3% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | 57.4% |
现金转化率ARLCSGP
| Q4 25 | -0.33× | 3.49× | ||
| Q3 25 | 61.81× | — | ||
| Q2 25 | -1.03× | 23.63× | ||
| Q1 25 | -2.50× | — | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | -0.43× | 3.03× | ||
| Q1 24 | 2.21× | 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
ARL
暂无分部数据
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
