vs
CrossAmerica Partners LP（CAPL）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CrossAmerica Partners LP的1.0倍（$899.9M vs $866.3M），CoStar Group净利率更高（5.2% vs 1.2%，领先4.0%），CoStar Group同比增速更快（26.9% vs -8.3%），CoStar Group自由现金流更多（$101.3M vs $22.4M），过去两年CoStar Group的营收复合增速更高（17.1% vs -4.1%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
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。
CAPL vs CSGP — 直观对比
营收规模更大
CSGP
是对方的1.0倍
$866.3M
营收增速更快
CSGP
高出35.1%
-8.3%
净利率更高
CSGP
高出4.0%
1.2%
自由现金流更多
CSGP
多$78.9M
$22.4M
两年增速更快
CSGP
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $899.9M |
| 净利润 | $10.2M | $46.5M |
| 毛利率 | 12.4% | 78.6% |
| 营业利润率 | 3.0% | 5.5% |
| 净利率 | 1.2% | 5.2% |
| 营收同比 | -8.3% | 26.9% |
| 净利润同比 | -39.6% | -22.2% |
| 每股收益（稀释后） | $0.24 | $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CAPLCSGP
| Q4 25 | $866.3M | $899.9M | ||
| Q3 25 | $971.8M | $833.6M | ||
| Q2 25 | $961.9M | $781.3M | ||
| Q1 25 | $862.5M | $732.2M | ||
| Q4 24 | $944.2M | $709.4M | ||
| Q3 24 | $1.1B | $692.6M | ||
| Q2 24 | $1.1B | $677.8M | ||
| Q1 24 | $941.5M | $656.4M |
净利润CAPLCSGP
| Q4 25 | $10.2M | $46.5M | ||
| Q3 25 | $13.6M | $-30.9M | ||
| Q2 25 | $25.2M | $6.2M | ||
| Q1 25 | $-7.1M | $-14.8M | ||
| Q4 24 | $16.9M | $59.8M | ||
| Q3 24 | $10.7M | $53.0M | ||
| Q2 24 | $12.4M | $19.2M | ||
| Q1 24 | $-17.5M | $6.7M |
毛利率CAPLCSGP
| Q4 25 | 12.4% | 78.6% | ||
| Q3 25 | 10.8% | 79.3% | ||
| Q2 25 | 10.5% | 78.5% | ||
| Q1 25 | 10.4% | 79.1% | ||
| Q4 24 | 10.7% | 80.1% | ||
| Q3 24 | 10.3% | 79.7% | ||
| Q2 24 | 9.2% | 80.0% | ||
| Q1 24 | 8.6% | 78.5% |
营业利润率CAPLCSGP
| Q4 25 | 3.0% | 5.5% | ||
| Q3 25 | 2.9% | -6.1% | ||
| Q2 25 | 4.3% | -3.5% | ||
| Q1 25 | 0.2% | -5.8% | ||
| Q4 24 | 3.0% | 5.6% | ||
| Q3 24 | 2.5% | 3.4% | ||
| Q2 24 | 2.5% | -2.4% | ||
| Q1 24 | -1.4% | -6.5% |
净利率CAPLCSGP
| Q4 25 | 1.2% | 5.2% | ||
| Q3 25 | 1.4% | -3.7% | ||
| Q2 25 | 2.6% | 0.8% | ||
| Q1 25 | -0.8% | -2.0% | ||
| Q4 24 | 1.8% | 8.4% | ||
| Q3 24 | 1.0% | 7.7% | ||
| Q2 24 | 1.1% | 2.8% | ||
| Q1 24 | -1.9% | 1.0% |
每股收益（稀释后）CAPLCSGP
| Q4 25 | $0.24 | $0.12 | ||
| Q3 25 | $0.34 | $-0.07 | ||
| Q2 25 | $0.64 | $0.01 | ||
| Q1 25 | $-0.20 | $-0.04 | ||
| Q4 24 | $0.42 | $0.14 | ||
| Q3 24 | $0.27 | $0.13 | ||
| Q2 24 | $0.31 | $0.05 | ||
| Q1 24 | $-0.48 | $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 | $3.1M | $1.6B |
| 总债务越低越好 | $687.2M | $140.0M |
| 股东权益账面价值 | — | $8.3B |
| 总资产 | $964.7M | $10.5B |
| 负债/权益比越低杠杆越低 | — | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资CAPLCSGP
| Q4 25 | $3.1M | $1.6B | ||
| Q3 25 | $5.8M | $1.9B | ||
| Q2 25 | $9.7M | $3.6B | ||
| Q1 25 | $6.7M | $3.7B | ||
| Q4 24 | $3.4M | $4.7B | ||
| Q3 24 | $7.8M | — | ||
| Q2 24 | $5.5M | — | ||
| Q1 24 | $6.3M | — |
总债务CAPLCSGP
| Q4 25 | $687.2M | $140.0M | ||
| Q3 25 | $700.8M | $1.0B | ||
| Q2 25 | $722.7M | $1.0B | ||
| Q1 25 | $774.1M | $1.0B | ||
| Q4 24 | $763.9M | $1.0B | ||
| Q3 24 | $769.2M | $1.0B | ||
| Q2 24 | $786.7M | $1.0B | ||
| Q1 24 | $795.8M | $1.0B |
股东权益CAPLCSGP
| Q4 25 | — | $8.3B | ||
| Q3 25 | — | $8.6B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | — | $8.6B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | $7.5B | ||
| Q2 24 | — | $7.4B | ||
| Q1 24 | — | $7.3B |
总资产CAPLCSGP
| Q4 25 | $964.7M | $10.5B | ||
| Q3 25 | $998.9M | $10.8B | ||
| Q2 25 | $1.0B | $10.5B | ||
| Q1 25 | $1.1B | $10.4B | ||
| Q4 24 | $1.1B | $9.3B | ||
| Q3 24 | $1.1B | $9.1B | ||
| Q2 24 | $1.2B | $9.1B | ||
| Q1 24 | $1.2B | $9.0B |
负债/权益比CAPLCSGP
| 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× | ||
| Q1 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 | $29.4M | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $101.3M |
| 自由现金流率自由现金流/营收 | 2.6% | 11.3% |
| 资本支出强度资本支出/营收 | 0.8% | 6.8% |
| 现金转化率经营现金流/净利润 | 2.89× | 3.49× |
| 过去12个月自由现金流最近4个季度 | $55.8M | $123.0M |
8季度趋势，按日历期对齐
经营现金流CAPLCSGP
| Q4 25 | $29.4M | $162.1M | ||
| Q3 25 | $24.4M | $68.2M | ||
| Q2 25 | $22.6M | $146.5M | ||
| Q1 25 | $15.0M | $53.2M | ||
| Q4 24 | $11.1M | $94.6M | ||
| Q3 24 | $41.9M | $100.3M | ||
| Q2 24 | $28.9M | $58.1M | ||
| Q1 24 | $5.8M | $139.6M |
自由现金流CAPLCSGP
| Q4 25 | $22.4M | $101.3M | ||
| Q3 25 | $17.7M | $-5.5M | ||
| Q2 25 | $10.8M | $27.7M | ||
| Q1 25 | $4.9M | $-500.0K | ||
| Q4 24 | $3.9M | $25.2M | ||
| Q3 24 | $34.2M | $40.2M | ||
| Q2 24 | $23.6M | $-14.7M | ||
| Q1 24 | $-289.0K | $-237.1M |
自由现金流率CAPLCSGP
| Q4 25 | 2.6% | 11.3% | ||
| Q3 25 | 1.8% | -0.7% | ||
| Q2 25 | 1.1% | 3.5% | ||
| Q1 25 | 0.6% | -0.1% | ||
| Q4 24 | 0.4% | 3.6% | ||
| Q3 24 | 3.2% | 5.8% | ||
| Q2 24 | 2.1% | -2.2% | ||
| Q1 24 | -0.0% | -36.1% |
资本支出强度CAPLCSGP
| Q4 25 | 0.8% | 6.8% | ||
| Q3 25 | 0.7% | 8.8% | ||
| Q2 25 | 1.2% | 15.2% | ||
| Q1 25 | 1.2% | 7.3% | ||
| Q4 24 | 0.8% | 9.8% | ||
| Q3 24 | 0.7% | 8.7% | ||
| Q2 24 | 0.5% | 10.7% | ||
| Q1 24 | 0.6% | 57.4% |
现金转化率CAPLCSGP
| Q4 25 | 2.89× | 3.49× | ||
| Q3 25 | 1.79× | — | ||
| Q2 25 | 0.90× | 23.63× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.66× | 1.58× | ||
| Q3 24 | 3.92× | 1.89× | ||
| Q2 24 | 2.33× | 3.03× | ||
| Q1 24 | — | 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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
