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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）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BRIGHT HORIZONS FAMILY SOLUTIONS INC.的1.2倍（$899.9M vs $733.7M），CoStar Group同比增速更快（26.9% vs 8.8%），BRIGHT HORIZONS FAMILY SOLUTIONS INC.自由现金流更多（$258.5M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs 8.5%）
Bright Horizons Family Solutions总部位于美国马萨诸塞州牛顿市，是美国规模最大的雇主赞助育儿服务运营商，除核心育儿服务外，还提供备用育儿、老人照护、学费项目管理、教育咨询、学生贷款偿还方案等多元服务，覆盖企业员工福利及教育支持领域。
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。
BFAM vs CSGP — 直观对比
营收规模更大
CSGP
是对方的1.2倍
$733.7M
营收增速更快
CSGP
高出18.0%
8.8%
自由现金流更多
BFAM
多$157.2M
$101.3M
两年增速更快
CSGP
近两年复合增速
8.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $899.9M |
| 净利润 | — | $46.5M |
| 毛利率 | 19.3% | 78.6% |
| 营业利润率 | 6.2% | 5.5% |
| 净利率 | — | 5.2% |
| 营收同比 | 8.8% | 26.9% |
| 净利润同比 | — | -22.2% |
| 每股收益（稀释后） | $0.38 | $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BFAMCSGP
| Q4 25 | $733.7M | $899.9M | ||
| Q3 25 | $802.8M | $833.6M | ||
| Q2 25 | $731.6M | $781.3M | ||
| Q1 25 | $665.5M | $732.2M | ||
| Q4 24 | $674.1M | $709.4M | ||
| Q3 24 | $719.1M | $692.6M | ||
| Q2 24 | $670.1M | $677.8M | ||
| Q1 24 | $622.7M | $656.4M |
净利润BFAMCSGP
| Q4 25 | — | $46.5M | ||
| Q3 25 | $78.6M | $-30.9M | ||
| Q2 25 | $54.8M | $6.2M | ||
| Q1 25 | $38.0M | $-14.8M | ||
| Q4 24 | — | $59.8M | ||
| Q3 24 | $54.9M | $53.0M | ||
| Q2 24 | $39.2M | $19.2M | ||
| Q1 24 | $17.0M | $6.7M |
毛利率BFAMCSGP
| Q4 25 | 19.3% | 78.6% | ||
| Q3 25 | 27.0% | 79.3% | ||
| Q2 25 | 25.0% | 78.5% | ||
| Q1 25 | 23.4% | 79.1% | ||
| Q4 24 | 20.8% | 80.1% | ||
| Q3 24 | 25.2% | 79.7% | ||
| Q2 24 | 24.2% | 80.0% | ||
| Q1 24 | 21.7% | 78.5% |
营业利润率BFAMCSGP
| Q4 25 | 6.2% | 5.5% | ||
| Q3 25 | 15.1% | -6.1% | ||
| Q2 25 | 11.8% | -3.5% | ||
| Q1 25 | 9.4% | -5.8% | ||
| Q4 24 | 7.2% | 5.6% | ||
| Q3 24 | 12.4% | 3.4% | ||
| Q2 24 | 10.3% | -2.4% | ||
| Q1 24 | 6.4% | -6.5% |
净利率BFAMCSGP
| Q4 25 | — | 5.2% | ||
| Q3 25 | 9.8% | -3.7% | ||
| Q2 25 | 7.5% | 0.8% | ||
| Q1 25 | 5.7% | -2.0% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | 7.6% | 7.7% | ||
| Q2 24 | 5.8% | 2.8% | ||
| Q1 24 | 2.7% | 1.0% |
每股收益（稀释后）BFAMCSGP
| Q4 25 | $0.38 | $0.12 | ||
| Q3 25 | $1.37 | $-0.07 | ||
| Q2 25 | $0.95 | $0.01 | ||
| Q1 25 | $0.66 | $-0.04 | ||
| Q4 24 | $0.50 | $0.14 | ||
| Q3 24 | $0.94 | $0.13 | ||
| Q2 24 | $0.67 | $0.05 | ||
| Q1 24 | $0.29 | $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 | $140.1M | $1.6B |
| 总债务越低越好 | $747.6M | $140.0M |
| 股东权益账面价值 | $1.3B | $8.3B |
| 总资产 | $3.9B | $10.5B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资BFAMCSGP
| Q4 25 | $140.1M | $1.6B | ||
| Q3 25 | $116.6M | $1.9B | ||
| Q2 25 | $179.2M | $3.6B | ||
| Q1 25 | $112.0M | $3.7B | ||
| Q4 24 | $110.3M | $4.7B | ||
| Q3 24 | $109.9M | — | ||
| Q2 24 | $140.2M | — | ||
| Q1 24 | $63.7M | — |
总债务BFAMCSGP
| Q4 25 | $747.6M | $140.0M | ||
| Q3 25 | $747.5M | $1.0B | ||
| Q2 25 | $797.0M | $1.0B | ||
| Q1 25 | $872.7M | $1.0B | ||
| Q4 24 | $918.4M | $1.0B | ||
| Q3 24 | $925.7M | $1.0B | ||
| Q2 24 | $931.9M | $1.0B | ||
| Q1 24 | $938.1M | $1.0B |
股东权益BFAMCSGP
| Q4 25 | $1.3B | $8.3B | ||
| Q3 25 | $1.4B | $8.6B | ||
| Q2 25 | $1.4B | $8.6B | ||
| Q1 25 | $1.3B | $8.6B | ||
| Q4 24 | $1.3B | $7.6B | ||
| Q3 24 | $1.4B | $7.5B | ||
| Q2 24 | $1.3B | $7.4B | ||
| Q1 24 | $1.2B | $7.3B |
总资产BFAMCSGP
| Q4 25 | $3.9B | $10.5B | ||
| Q3 25 | $3.9B | $10.8B | ||
| Q2 25 | $3.9B | $10.5B | ||
| Q1 25 | $3.8B | $10.4B | ||
| Q4 24 | $3.9B | $9.3B | ||
| Q3 24 | $3.9B | $9.1B | ||
| Q2 24 | $3.8B | $9.1B | ||
| Q1 24 | $3.8B | $9.0B |
负债/权益比BFAMCSGP
| Q4 25 | 0.56× | 0.02× | ||
| Q3 25 | 0.52× | 0.12× | ||
| Q2 25 | 0.57× | 0.12× | ||
| Q1 25 | 0.66× | 0.12× | ||
| Q4 24 | 0.72× | 0.13× | ||
| Q3 24 | 0.66× | 0.13× | ||
| Q2 24 | 0.73× | 0.14× | ||
| Q1 24 | 0.76× | 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 | $350.7M | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $258.5M | $101.3M |
| 自由现金流率自由现金流/营收 | 35.2% | 11.3% |
| 资本支出强度资本支出/营收 | 12.6% | 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 | $402.4M | $123.0M |
8季度趋势，按日历期对齐
经营现金流BFAMCSGP
| Q4 25 | $350.7M | $162.1M | ||
| Q3 25 | $-17.6M | $68.2M | ||
| Q2 25 | $134.2M | $146.5M | ||
| Q1 25 | $86.2M | $53.2M | ||
| Q4 24 | $337.5M | $94.6M | ||
| Q3 24 | $-8.9M | $100.3M | ||
| Q2 24 | $109.4M | $58.1M | ||
| Q1 24 | $116.3M | $139.6M |
自由现金流BFAMCSGP
| Q4 25 | $258.5M | $101.3M | ||
| Q3 25 | $-42.4M | $-5.5M | ||
| Q2 25 | $115.4M | $27.7M | ||
| Q1 25 | $70.9M | $-500.0K | ||
| Q4 24 | $240.2M | $25.2M | ||
| Q3 24 | $-32.2M | $40.2M | ||
| Q2 24 | $86.8M | $-14.7M | ||
| Q1 24 | $96.9M | $-237.1M |
自由现金流率BFAMCSGP
| Q4 25 | 35.2% | 11.3% | ||
| Q3 25 | -5.3% | -0.7% | ||
| Q2 25 | 15.8% | 3.5% | ||
| Q1 25 | 10.7% | -0.1% | ||
| Q4 24 | 35.6% | 3.6% | ||
| Q3 24 | -4.5% | 5.8% | ||
| Q2 24 | 13.0% | -2.2% | ||
| Q1 24 | 15.6% | -36.1% |
资本支出强度BFAMCSGP
| Q4 25 | 12.6% | 6.8% | ||
| Q3 25 | 3.1% | 8.8% | ||
| Q2 25 | 2.6% | 15.2% | ||
| Q1 25 | 2.3% | 7.3% | ||
| Q4 24 | 14.4% | 9.8% | ||
| Q3 24 | 3.2% | 8.7% | ||
| Q2 24 | 3.4% | 10.7% | ||
| Q1 24 | 3.1% | 57.4% |
现金转化率BFAMCSGP
| Q4 25 | — | 3.49× | ||
| Q3 25 | -0.22× | — | ||
| Q2 25 | 2.45× | 23.63× | ||
| Q1 25 | 2.26× | — | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | -0.16× | 1.89× | ||
| Q2 24 | 2.79× | 3.03× | ||
| Q1 24 | 6.85× | 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
BFAM
暂无分部数据
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
