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ASSOCIATED BANC-CORP（ASB）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
ASSOCIATED BANC-CORP的季度营收约是南玻集团的1.2倍（$383.0M vs $323.1M），ASSOCIATED BANC-CORP净利率更高（31.2% vs 2.2%，领先29.1%），过去两年ASSOCIATED BANC-CORP的营收复合增速更高（9.1% vs 4.6%）
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
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。
ASB vs CSGS — 直观对比
营收规模更大
ASB
是对方的1.2倍
$323.1M
净利率更高
ASB
高出29.1%
2.2%
两年增速更快
ASB
近两年复合增速
4.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $383.0M | $323.1M |
| 净利润 | $119.6M | $7.0M |
| 毛利率 | — | 50.0% |
| 营业利润率 | — | 9.0% |
| 净利率 | 31.2% | 2.2% |
| 营收同比 | — | 2.0% |
| 净利润同比 | 566.6% | -79.7% |
| 每股收益（稀释后） | $0.70 | $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ASBCSGS
| Q1 26 | $383.0M | — | ||
| Q4 25 | $310.0M | $323.1M | ||
| Q3 25 | $305.2M | $303.6M | ||
| Q2 25 | $300.0M | $297.1M | ||
| Q1 25 | $285.9M | $299.5M | ||
| Q4 24 | $270.3M | $316.7M | ||
| Q3 24 | $329.7M | $295.1M | ||
| Q2 24 | $321.8M | $290.3M |
净利润ASBCSGS
| Q1 26 | $119.6M | — | ||
| Q4 25 | $137.1M | $7.0M | ||
| Q3 25 | $124.7M | $20.5M | ||
| Q2 25 | $111.2M | $12.3M | ||
| Q1 25 | $101.7M | $16.1M | ||
| Q4 24 | $-161.6M | $34.5M | ||
| Q3 24 | $88.0M | $19.1M | ||
| Q2 24 | $115.6M | $13.8M |
毛利率ASBCSGS
| Q1 26 | — | — | ||
| Q4 25 | — | 50.0% | ||
| Q3 25 | — | 48.1% | ||
| Q2 25 | — | 49.5% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 51.3% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | 47.3% |
营业利润率ASBCSGS
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | 9.0% | ||
| Q3 25 | 50.5% | 10.0% | ||
| Q2 25 | 46.5% | 10.0% | ||
| Q1 25 | 42.3% | 9.8% | ||
| Q4 24 | -65.8% | 13.4% | ||
| Q3 24 | 32.8% | 10.8% | ||
| Q2 24 | 32.0% | 8.8% |
净利率ASBCSGS
| Q1 26 | 31.2% | — | ||
| Q4 25 | 44.2% | 2.2% | ||
| Q3 25 | 40.9% | 6.7% | ||
| Q2 25 | 37.1% | 4.1% | ||
| Q1 25 | 35.6% | 5.4% | ||
| Q4 24 | -59.8% | 10.9% | ||
| Q3 24 | 26.7% | 6.5% | ||
| Q2 24 | 35.9% | 4.8% |
每股收益（稀释后）ASBCSGS
| Q1 26 | $0.70 | — | ||
| Q4 25 | $0.80 | $0.24 | ||
| Q3 25 | $0.73 | $0.73 | ||
| Q2 25 | $0.65 | $0.44 | ||
| Q1 25 | $0.59 | $0.57 | ||
| Q4 24 | $-1.10 | $1.20 | ||
| Q3 24 | $0.56 | $0.67 | ||
| Q2 24 | $0.74 | $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 | — | $180.0M |
| 总债务越低越好 | — | $539.5M |
| 股东权益账面价值 | $5.0B | $283.7M |
| 总资产 | $45.6B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资ASBCSGS
| Q1 26 | — | — | ||
| Q4 25 | — | $180.0M | ||
| Q3 25 | — | $158.4M | ||
| Q2 25 | — | $145.9M | ||
| Q1 25 | — | $136.0M | ||
| Q4 24 | — | $161.8M | ||
| Q3 24 | — | $118.4M | ||
| Q2 24 | — | $110.4M |
总债务ASBCSGS
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $539.5M | ||
| Q3 25 | $594.1M | $538.6M | ||
| Q2 25 | $593.5M | $537.8M | ||
| Q1 25 | $591.4M | $537.6M | ||
| Q4 24 | $1.4B | $538.5M | ||
| Q3 24 | $844.3M | $539.5M | ||
| Q2 24 | $536.1M | $540.5M |
股东权益ASBCSGS
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $283.7M | ||
| Q3 25 | $4.9B | $289.5M | ||
| Q2 25 | $4.8B | $290.7M | ||
| Q1 25 | $4.7B | $283.1M | ||
| Q4 24 | $4.6B | $282.6M | ||
| Q3 24 | $4.4B | $288.4M | ||
| Q2 24 | $4.2B | $273.3M |
总资产ASBCSGS
| Q1 26 | $45.6B | — | ||
| Q4 25 | $45.2B | $1.5B | ||
| Q3 25 | $44.5B | $1.5B | ||
| Q2 25 | $44.0B | $1.4B | ||
| Q1 25 | $43.3B | $1.4B | ||
| Q4 24 | $43.0B | $1.5B | ||
| Q3 24 | $42.2B | $1.4B | ||
| Q2 24 | $41.6B | $1.4B |
负债/权益比ASBCSGS
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 1.90× | ||
| Q3 25 | 0.12× | 1.86× | ||
| Q2 25 | 0.12× | 1.85× | ||
| Q1 25 | 0.13× | 1.90× | ||
| Q4 24 | 0.31× | 1.91× | ||
| Q3 24 | 0.19× | 1.87× | ||
| Q2 24 | 0.13× | 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 | — | $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 | — | 1.1% |
| 现金转化率经营现金流/净利润 | — | 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ASBCSGS
| Q1 26 | — | — | ||
| Q4 25 | $218.1M | $59.2M | ||
| Q3 25 | $158.0M | $47.9M | ||
| Q2 25 | $141.5M | $37.3M | ||
| Q1 25 | $98.2M | $11.5M | ||
| Q4 24 | $207.1M | $82.5M | ||
| Q3 24 | $105.1M | $39.5M | ||
| Q2 24 | $113.5M | $43.1M |
自由现金流ASBCSGS
| Q1 26 | — | — | ||
| Q4 25 | — | $55.8M | ||
| Q3 25 | — | $43.9M | ||
| Q2 25 | — | $34.6M | ||
| Q1 25 | — | $7.1M | ||
| Q4 24 | — | $76.6M | ||
| Q3 24 | — | $32.0M | ||
| Q2 24 | — | $38.8M |
自由现金流率ASBCSGS
| Q1 26 | — | — | ||
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 11.6% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 13.4% |
资本支出强度ASBCSGS
| Q1 26 | — | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 1.5% |
现金转化率ASBCSGS
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | 8.46× | ||
| Q3 25 | 1.27× | 2.34× | ||
| Q2 25 | 1.27× | 3.04× | ||
| Q1 25 | 0.97× | 0.71× | ||
| Q4 24 | — | 2.39× | ||
| Q3 24 | 1.19× | 2.07× | ||
| Q2 24 | 0.98× | 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
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
