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TopBuild Corp（BLD）与CoStar Group（CSGP）财务数据对比。点击上方公司名可切换其他公司
TopBuild Corp的季度营收约是CoStar Group的1.6倍（$1.4B vs $899.9M），TopBuild Corp净利率更高（7.2% vs 5.2%，领先2.1%），CoStar Group同比增速更快（26.9% vs 17.2%），过去两年CoStar Group的营收复合增速更高（17.1% vs 2.9%）
HashiCorp是总部位于美国加利福尼亚州旧金山的软件企业，2012年由米切尔·桥本与阿蒙·达德加创立，采用免费增值商业模式，为开发、运维及安全从业人员提供云基础设施配置、防护、运行与连接相关的工具及产品。
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。
BLD vs CSGP — 直观对比
营收规模更大
BLD
是对方的1.6倍
$899.9M
营收增速更快
CSGP
高出9.6%
17.2%
净利率更高
BLD
高出2.1%
5.2%
两年增速更快
CSGP
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $899.9M |
| 净利润 | $104.8M | $46.5M |
| 毛利率 | 27.7% | 78.6% |
| 营业利润率 | 12.1% | 5.5% |
| 净利率 | 7.2% | 5.2% |
| 营收同比 | 17.2% | 26.9% |
| 净利润同比 | -15.1% | -22.2% |
| 每股收益（稀释后） | $3.73 | $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BLDCSGP
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.5B | $899.9M | ||
| Q3 25 | $1.4B | $833.6M | ||
| Q2 25 | $1.3B | $781.3M | ||
| Q1 25 | $1.2B | $732.2M | ||
| Q4 24 | $1.3B | $709.4M | ||
| Q3 24 | $1.4B | $692.6M | ||
| Q2 24 | $1.4B | $677.8M |
净利润BLDCSGP
| Q1 26 | $104.8M | — | ||
| Q4 25 | $104.5M | $46.5M | ||
| Q3 25 | $142.2M | $-30.9M | ||
| Q2 25 | $151.6M | $6.2M | ||
| Q1 25 | $123.4M | $-14.8M | ||
| Q4 24 | $150.5M | $59.8M | ||
| Q3 24 | $169.0M | $53.0M | ||
| Q2 24 | $150.7M | $19.2M |
毛利率BLDCSGP
| Q1 26 | 27.7% | — | ||
| Q4 25 | 27.2% | 78.6% | ||
| Q3 25 | 30.1% | 79.3% | ||
| Q2 25 | 30.4% | 78.5% | ||
| Q1 25 | 28.5% | 79.1% | ||
| Q4 24 | 29.9% | 80.1% | ||
| Q3 24 | 30.7% | 79.7% | ||
| Q2 24 | 31.0% | 80.0% |
营业利润率BLDCSGP
| Q1 26 | 12.1% | — | ||
| Q4 25 | 12.1% | 5.5% | ||
| Q3 25 | 15.4% | -6.1% | ||
| Q2 25 | 16.9% | -3.5% | ||
| Q1 25 | 14.4% | -5.8% | ||
| Q4 24 | 16.6% | 5.6% | ||
| Q3 24 | 17.8% | 3.4% | ||
| Q2 24 | 15.4% | -2.4% |
净利率BLDCSGP
| Q1 26 | 7.2% | — | ||
| Q4 25 | 7.0% | 5.2% | ||
| Q3 25 | 10.2% | -3.7% | ||
| Q2 25 | 11.7% | 0.8% | ||
| Q1 25 | 10.0% | -2.0% | ||
| Q4 24 | 11.5% | 8.4% | ||
| Q3 24 | 12.3% | 7.7% | ||
| Q2 24 | 11.0% | 2.8% |
每股收益（稀释后）BLDCSGP
| Q1 26 | $3.73 | — | ||
| Q4 25 | $3.69 | $0.12 | ||
| Q3 25 | $5.04 | $-0.07 | ||
| Q2 25 | $5.32 | $0.01 | ||
| Q1 25 | $4.23 | $-0.04 | ||
| Q4 24 | $5.07 | $0.14 | ||
| Q3 24 | $5.65 | $0.13 | ||
| Q2 24 | $4.78 | $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 | $268.8M | $1.6B |
| 总债务越低越好 | $2.8B | $140.0M |
| 股东权益账面价值 | $2.4B | $8.3B |
| 总资产 | $6.7B | $10.5B |
| 负债/权益比越低杠杆越低 | 1.18× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资BLDCSGP
| Q1 26 | $268.8M | — | ||
| Q4 25 | $184.7M | $1.6B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $842.5M | $3.6B | ||
| Q1 25 | $308.8M | $3.7B | ||
| Q4 24 | $400.3M | $4.7B | ||
| Q3 24 | $257.3M | — | ||
| Q2 24 | $463.2M | — |
总债务BLDCSGP
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $140.0M | ||
| Q3 25 | $2.9B | $1.0B | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.4B | $1.0B |
股东权益BLDCSGP
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $8.3B | ||
| Q3 25 | $2.2B | $8.6B | ||
| Q2 25 | $2.1B | $8.6B | ||
| Q1 25 | $2.1B | $8.6B | ||
| Q4 24 | $2.2B | $7.6B | ||
| Q3 24 | $2.1B | $7.5B | ||
| Q2 24 | $2.4B | $7.4B |
总资产BLDCSGP
| Q1 26 | $6.7B | — | ||
| Q4 25 | $6.6B | $10.5B | ||
| Q3 25 | $6.4B | $10.8B | ||
| Q2 25 | $5.1B | $10.5B | ||
| Q1 25 | $4.6B | $10.4B | ||
| Q4 24 | $4.7B | $9.3B | ||
| Q3 24 | $4.7B | $9.1B | ||
| Q2 24 | $4.9B | $9.1B |
负债/权益比BLDCSGP
| Q1 26 | 1.18× | — | ||
| Q4 25 | 1.23× | 0.02× | ||
| Q3 25 | 1.29× | 0.12× | ||
| Q2 25 | 0.88× | 0.12× | ||
| Q1 25 | 0.65× | 0.12× | ||
| Q4 24 | 0.62× | 0.13× | ||
| Q3 24 | 0.66× | 0.13× | ||
| Q2 24 | 0.59× | 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 | $160.7M | $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 | 1.53× | 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BLDCSGP
| Q1 26 | $160.7M | — | ||
| Q4 25 | $176.7M | $162.1M | ||
| Q3 25 | $233.3M | $68.2M | ||
| Q2 25 | $193.7M | $146.5M | ||
| Q1 25 | $152.6M | $53.2M | ||
| Q4 24 | $266.2M | $94.6M | ||
| Q3 24 | $240.7M | $100.3M | ||
| Q2 24 | $90.4M | $58.1M |
自由现金流BLDCSGP
| Q1 26 | — | — | ||
| Q4 25 | $159.4M | $101.3M | ||
| Q3 25 | $216.2M | $-5.5M | ||
| Q2 25 | $182.2M | $27.7M | ||
| Q1 25 | $139.2M | $-500.0K | ||
| Q4 24 | $253.7M | $25.2M | ||
| Q3 24 | $219.8M | $40.2M | ||
| Q2 24 | $74.3M | $-14.7M |
自由现金流率BLDCSGP
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 11.3% | ||
| Q3 25 | 15.5% | -0.7% | ||
| Q2 25 | 14.0% | 3.5% | ||
| Q1 25 | 11.3% | -0.1% | ||
| Q4 24 | 19.3% | 3.6% | ||
| Q3 24 | 16.0% | 5.8% | ||
| Q2 24 | 5.4% | -2.2% |
资本支出强度BLDCSGP
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 6.8% | ||
| Q3 25 | 1.2% | 8.8% | ||
| Q2 25 | 0.9% | 15.2% | ||
| Q1 25 | 1.1% | 7.3% | ||
| Q4 24 | 1.0% | 9.8% | ||
| Q3 24 | 1.5% | 8.7% | ||
| Q2 24 | 1.2% | 10.7% |
现金转化率BLDCSGP
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.69× | 3.49× | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.28× | 23.63× | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.77× | 1.58× | ||
| Q3 24 | 1.42× | 1.89× | ||
| Q2 24 | 0.60× | 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
BLD
| Installation Services | $651.1M | 45% |
| Specialty Distribution | $562.9M | 39% |
| Other | $231.8M | 16% |
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
