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百通（BDC）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的季度营收约是百通的1.3倍（$899.9M vs $696.4M），百通净利率更高（7.3% vs 5.2%，领先2.2%），CoStar Group同比增速更快（26.9% vs 11.4%），CoStar Group自由现金流更多（$101.3M vs $-63.1M），过去两年CoStar Group的营收复合增速更高（17.1% vs 7.3%）
百通公司是美国上市跨国企业，专注于端到端网络、安全及连接产品的设计、生产与销售，业务覆盖工业自动化解决方案、智能建筑、宽带及5G三大核心领域，为各行业客户提供可靠的通信连接相关产品与服务。
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。
BDC vs CSGP — 直观对比
营收规模更大
CSGP
是对方的1.3倍
$696.4M
营收增速更快
CSGP
高出15.4%
11.4%
净利率更高
BDC
高出2.2%
5.2%
自由现金流更多
CSGP
多$164.4M
$-63.1M
两年增速更快
CSGP
近两年复合增速
7.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $696.4M | $899.9M |
| 净利润 | $51.0M | $46.5M |
| 毛利率 | 37.1% | 78.6% |
| 营业利润率 | 11.2% | 5.5% |
| 净利率 | 7.3% | 5.2% |
| 营收同比 | 11.4% | 26.9% |
| 净利润同比 | -1.8% | -22.2% |
| 每股收益（稀释后） | $1.30 | $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BDCCSGP
| Q1 26 | $696.4M | — | ||
| Q4 25 | $720.1M | $899.9M | ||
| Q3 25 | $698.2M | $833.6M | ||
| Q2 25 | $672.0M | $781.3M | ||
| Q1 25 | $624.9M | $732.2M | ||
| Q4 24 | $666.0M | $709.4M | ||
| Q3 24 | $654.9M | $692.6M | ||
| Q2 24 | $604.3M | $677.8M |
净利润BDCCSGP
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $46.5M | ||
| Q3 25 | $56.7M | $-30.9M | ||
| Q2 25 | $61.0M | $6.2M | ||
| Q1 25 | $51.9M | $-14.8M | ||
| Q4 24 | $58.4M | $59.8M | ||
| Q3 24 | $53.7M | $53.0M | ||
| Q2 24 | $49.0M | $19.2M |
毛利率BDCCSGP
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | 78.6% | ||
| Q3 25 | 37.7% | 79.3% | ||
| Q2 25 | 38.5% | 78.5% | ||
| Q1 25 | 39.3% | 79.1% | ||
| Q4 24 | 37.5% | 80.1% | ||
| Q3 24 | 37.3% | 79.7% | ||
| Q2 24 | 37.5% | 80.0% |
营业利润率BDCCSGP
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 5.5% | ||
| Q3 25 | 10.9% | -6.1% | ||
| Q2 25 | 11.8% | -3.5% | ||
| Q1 25 | 11.6% | -5.8% | ||
| Q4 24 | 10.4% | 5.6% | ||
| Q3 24 | 11.5% | 3.4% | ||
| Q2 24 | 11.4% | -2.4% |
净利率BDCCSGP
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 5.2% | ||
| Q3 25 | 8.1% | -3.7% | ||
| Q2 25 | 9.1% | 0.8% | ||
| Q1 25 | 8.3% | -2.0% | ||
| Q4 24 | 8.8% | 8.4% | ||
| Q3 24 | 8.2% | 7.7% | ||
| Q2 24 | 8.1% | 2.8% |
每股收益（稀释后）BDCCSGP
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $0.12 | ||
| Q3 25 | $1.41 | $-0.07 | ||
| Q2 25 | $1.53 | $0.01 | ||
| Q1 25 | $1.27 | $-0.04 | ||
| Q4 24 | $1.41 | $0.14 | ||
| Q3 24 | $1.30 | $0.13 | ||
| Q2 24 | $1.19 | $0.05 |
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 | $272.2M | $1.6B |
| 总债务越低越好 | $1.3B | $140.0M |
| 股东权益账面价值 | $1.3B | $8.3B |
| 总资产 | — | $10.5B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资BDCCSGP
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $1.6B | ||
| Q3 25 | $314.3M | $1.9B | ||
| Q2 25 | $301.5M | $3.6B | ||
| Q1 25 | $259.0M | $3.7B | ||
| Q4 24 | $370.3M | $4.7B | ||
| Q3 24 | $323.0M | — | ||
| Q2 24 | $564.8M | — |
总债务BDCCSGP
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $140.0M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
股东权益BDCCSGP
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $8.3B | ||
| Q3 25 | $1.2B | $8.6B | ||
| Q2 25 | $1.2B | $8.6B | ||
| Q1 25 | $1.2B | $8.6B | ||
| Q4 24 | $1.3B | $7.6B | ||
| Q3 24 | $1.2B | $7.5B | ||
| Q2 24 | $1.2B | $7.4B |
总资产BDCCSGP
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $10.5B | ||
| Q3 25 | $3.4B | $10.8B | ||
| Q2 25 | $3.4B | $10.5B | ||
| Q1 25 | $3.3B | $10.4B | ||
| Q4 24 | $3.3B | $9.3B | ||
| Q3 24 | $3.3B | $9.1B | ||
| Q2 24 | $3.5B | $9.1B |
负债/权益比BDCCSGP
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 0.02× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 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 | — | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $-63.1M | $101.3M |
| 自由现金流率自由现金流/营收 | -9.1% | 11.3% |
| 资本支出强度资本支出/营收 | 6.4% | 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 | $180.4M | $123.0M |
8季度趋势，按日历期对齐
经营现金流BDCCSGP
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $162.1M | ||
| Q3 25 | $105.0M | $68.2M | ||
| Q2 25 | $82.0M | $146.5M | ||
| Q1 25 | $7.4M | $53.2M | ||
| Q4 24 | $174.7M | $94.6M | ||
| Q3 24 | $91.7M | $100.3M | ||
| Q2 24 | $83.0M | $58.1M |
自由现金流BDCCSGP
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $101.3M | ||
| Q3 25 | $65.3M | $-5.5M | ||
| Q2 25 | $56.9M | $27.7M | ||
| Q1 25 | $-24.8M | $-500.0K | ||
| Q4 24 | $116.4M | $25.2M | ||
| Q3 24 | $67.2M | $40.2M | ||
| Q2 24 | $61.0M | $-14.7M |
自由现金流率BDCCSGP
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 11.3% | ||
| Q3 25 | 9.4% | -0.7% | ||
| Q2 25 | 8.5% | 3.5% | ||
| Q1 25 | -4.0% | -0.1% | ||
| Q4 24 | 17.5% | 3.6% | ||
| Q3 24 | 10.3% | 5.8% | ||
| Q2 24 | 10.1% | -2.2% |
资本支出强度BDCCSGP
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 6.8% | ||
| Q3 25 | 5.7% | 8.8% | ||
| Q2 25 | 3.7% | 15.2% | ||
| Q1 25 | 5.2% | 7.3% | ||
| Q4 24 | 8.8% | 9.8% | ||
| Q3 24 | 3.7% | 8.7% | ||
| Q2 24 | 3.6% | 10.7% |
现金转化率BDCCSGP
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 3.49× | ||
| Q3 25 | 1.85× | — | ||
| Q2 25 | 1.34× | 23.63× | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 2.99× | 1.58× | ||
| Q3 24 | 1.71× | 1.89× | ||
| Q2 24 | 1.69× | 3.03× |
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
BDC
暂无分部数据
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
