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BENCHMARK ELECTRONICS INC（BHE）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BENCHMARK ELECTRONICS INC的1.2倍（$899.9M vs $725.8M），CoStar Group同比增速更快（26.9% vs 6.2%），CoStar Group自由现金流更多（$101.3M vs $48.2M），过去两年CoStar Group的营收复合增速更高（17.1% vs 1.1%）
Benchmark Electronics Inc是总部位于美国亚利桑那州坦佩市的电子制造服务（EMS）、原始设计制造（ODM）及原始设备制造（OEM）企业，为客户提供专业的合同制造服务，业务覆盖全球多个区域的电子产业链需求。
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。
BHE vs CSGP — 直观对比
营收规模更大
CSGP
是对方的1.2倍
$725.8M
营收增速更快
CSGP
高出20.7%
6.2%
自由现金流更多
CSGP
多$53.1M
$48.2M
两年增速更快
CSGP
近两年复合增速
1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $725.8M | $899.9M |
| 净利润 | — | $46.5M |
| 毛利率 | 10.2% | 78.6% |
| 营业利润率 | 2.8% | 5.5% |
| 净利率 | — | 5.2% |
| 营收同比 | 6.2% | 26.9% |
| 净利润同比 | — | -22.2% |
| 每股收益（稀释后） | $0.16 | $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BHECSGP
| Q4 25 | $725.8M | $899.9M | ||
| Q3 25 | $702.6M | $833.6M | ||
| Q2 25 | $665.7M | $781.3M | ||
| Q1 25 | $654.6M | $732.2M | ||
| Q4 24 | $683.6M | $709.4M | ||
| Q3 24 | $680.0M | $692.6M | ||
| Q2 24 | $686.7M | $677.8M | ||
| Q1 24 | $710.6M | $656.4M |
净利润BHECSGP
| Q4 25 | — | $46.5M | ||
| Q3 25 | $14.3M | $-30.9M | ||
| Q2 25 | $972.0K | $6.2M | ||
| Q1 25 | $3.6M | $-14.8M | ||
| Q4 24 | — | $59.8M | ||
| Q3 24 | $15.4M | $53.0M | ||
| Q2 24 | $15.5M | $19.2M | ||
| Q1 24 | $14.0M | $6.7M |
毛利率BHECSGP
| Q4 25 | 10.2% | 78.6% | ||
| Q3 25 | 9.7% | 79.3% | ||
| Q2 25 | 9.7% | 78.5% | ||
| Q1 25 | 9.7% | 79.1% | ||
| Q4 24 | 9.9% | 80.1% | ||
| Q3 24 | 9.8% | 79.7% | ||
| Q2 24 | 9.9% | 80.0% | ||
| Q1 24 | 9.5% | 78.5% |
营业利润率BHECSGP
| Q4 25 | 2.8% | 5.5% | ||
| Q3 25 | 3.4% | -6.1% | ||
| Q2 25 | 3.1% | -3.5% | ||
| Q1 25 | 1.8% | -5.8% | ||
| Q4 24 | 4.2% | 5.6% | ||
| Q3 24 | 4.1% | 3.4% | ||
| Q2 24 | 4.0% | -2.4% | ||
| Q1 24 | 3.6% | -6.5% |
净利率BHECSGP
| Q4 25 | — | 5.2% | ||
| Q3 25 | 2.0% | -3.7% | ||
| Q2 25 | 0.1% | 0.8% | ||
| Q1 25 | 0.6% | -2.0% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | 2.3% | 7.7% | ||
| Q2 24 | 2.3% | 2.8% | ||
| Q1 24 | 2.0% | 1.0% |
每股收益（稀释后）BHECSGP
| Q4 25 | $0.16 | $0.12 | ||
| Q3 25 | $0.39 | $-0.07 | ||
| Q2 25 | $0.03 | $0.01 | ||
| Q1 25 | $0.10 | $-0.04 | ||
| Q4 24 | $0.43 | $0.14 | ||
| Q3 24 | $0.42 | $0.13 | ||
| Q2 24 | $0.43 | $0.05 | ||
| Q1 24 | $0.38 | $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 | $322.1M | $1.6B |
| 总债务越低越好 | $206.8M | $140.0M |
| 股东权益账面价值 | $1.1B | $8.3B |
| 总资产 | $2.1B | $10.5B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资BHECSGP
| Q4 25 | $322.1M | $1.6B | ||
| Q3 25 | $285.4M | $1.9B | ||
| Q2 25 | $264.6M | $3.6B | ||
| Q1 25 | $355.3M | $3.7B | ||
| Q4 24 | $315.2M | $4.7B | ||
| Q3 24 | $324.4M | — | ||
| Q2 24 | $309.3M | — | ||
| Q1 24 | $296.1M | — |
总债务BHECSGP
| Q4 25 | $206.8M | $140.0M | ||
| Q3 25 | $212.6M | $1.0B | ||
| Q2 25 | $203.4M | $1.0B | ||
| Q1 25 | $268.9M | $1.0B | ||
| Q4 24 | $250.5M | $1.0B | ||
| Q3 24 | $272.0M | $1.0B | ||
| Q2 24 | $283.6M | $1.0B | ||
| Q1 24 | $310.1M | $1.0B |
股东权益BHECSGP
| Q4 25 | $1.1B | $8.3B | ||
| Q3 25 | $1.1B | $8.6B | ||
| Q2 25 | $1.1B | $8.6B | ||
| Q1 25 | $1.1B | $8.6B | ||
| Q4 24 | $1.1B | $7.6B | ||
| Q3 24 | $1.1B | $7.5B | ||
| Q2 24 | $1.1B | $7.4B | ||
| Q1 24 | $1.1B | $7.3B |
总资产BHECSGP
| Q4 25 | $2.1B | $10.5B | ||
| Q3 25 | $2.1B | $10.8B | ||
| Q2 25 | $2.0B | $10.5B | ||
| Q1 25 | $2.1B | $10.4B | ||
| Q4 24 | $2.1B | $9.3B | ||
| Q3 24 | $2.1B | $9.1B | ||
| Q2 24 | $2.2B | $9.1B | ||
| Q1 24 | $2.2B | $9.0B |
负债/权益比BHECSGP
| Q4 25 | 0.19× | 0.02× | ||
| Q3 25 | 0.19× | 0.12× | ||
| Q2 25 | 0.18× | 0.12× | ||
| Q1 25 | 0.24× | 0.12× | ||
| Q4 24 | 0.23× | 0.13× | ||
| Q3 24 | 0.25× | 0.13× | ||
| Q2 24 | 0.26× | 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 | $58.7M | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $48.2M | $101.3M |
| 自由现金流率自由现金流/营收 | 6.6% | 11.3% |
| 资本支出强度资本支出/营收 | 1.4% | 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 | $88.4M | $123.0M |
8季度趋势，按日历期对齐
经营现金流BHECSGP
| Q4 25 | $58.7M | $162.1M | ||
| Q3 25 | $36.6M | $68.2M | ||
| Q2 25 | $-2.8M | $146.5M | ||
| Q1 25 | $31.5M | $53.2M | ||
| Q4 24 | $45.9M | $94.6M | ||
| Q3 24 | $39.0M | $100.3M | ||
| Q2 24 | $55.8M | $58.1M | ||
| Q1 24 | $48.5M | $139.6M |
自由现金流BHECSGP
| Q4 25 | $48.2M | $101.3M | ||
| Q3 25 | $25.8M | $-5.5M | ||
| Q2 25 | $-13.8M | $27.7M | ||
| Q1 25 | $28.1M | $-500.0K | ||
| Q4 24 | $37.2M | $25.2M | ||
| Q3 24 | $29.2M | $40.2M | ||
| Q2 24 | $48.2M | $-14.7M | ||
| Q1 24 | $43.3M | $-237.1M |
自由现金流率BHECSGP
| Q4 25 | 6.6% | 11.3% | ||
| Q3 25 | 3.7% | -0.7% | ||
| Q2 25 | -2.1% | 3.5% | ||
| Q1 25 | 4.3% | -0.1% | ||
| Q4 24 | 5.4% | 3.6% | ||
| Q3 24 | 4.3% | 5.8% | ||
| Q2 24 | 7.0% | -2.2% | ||
| Q1 24 | 6.1% | -36.1% |
资本支出强度BHECSGP
| Q4 25 | 1.4% | 6.8% | ||
| Q3 25 | 1.5% | 8.8% | ||
| Q2 25 | 1.7% | 15.2% | ||
| Q1 25 | 0.5% | 7.3% | ||
| Q4 24 | 1.3% | 9.8% | ||
| Q3 24 | 1.4% | 8.7% | ||
| Q2 24 | 1.1% | 10.7% | ||
| Q1 24 | 0.7% | 57.4% |
现金转化率BHECSGP
| Q4 25 | — | 3.49× | ||
| Q3 25 | 2.57× | — | ||
| Q2 25 | -2.90× | 23.63× | ||
| Q1 25 | 8.65× | — | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | 2.54× | 1.89× | ||
| Q2 24 | 3.59× | 3.03× | ||
| Q1 24 | 3.46× | 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
BHE
| Other | $384.9M | 53% |
| Aerospace And Defense Sector | $107.6M | 15% |
| Healthcare Sector | $81.7M | 11% |
| Advanced Computing And Communications Sector | $70.0M | 10% |
| Semi Cap Sector | $45.4M | 6% |
| Industrial Sector | $25.2M | 3% |
| Intersegment Sales | $11.0M | 2% |
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
