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CBIZ, Inc.（CBZ）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CBIZ, Inc.的1.1倍（$899.9M vs $848.6M），CBIZ, Inc.净利率更高（19.0% vs 5.2%，领先13.9%），CoStar Group同比增速更快（26.9% vs 1.3%），CoStar Group自由现金流更多（$101.3M vs $-28.5M），过去两年CBIZ, Inc.的营收复合增速更高（42.1% vs 17.1%）
CBIZ, Inc.是美国知名的金融、保险及咨询服务提供商，总部位于俄亥俄州独立市，为美国规模最大的会计、保险经纪、金融与咨询服务机构之一。集团在全美设有120多个办事处，拥有近7000名员工，1996年起在纽交所上市，1997年起使用股票代码CBZ交易。
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。
CBZ vs CSGP — 直观对比
营收规模更大
CSGP
是对方的1.1倍
$848.6M
营收增速更快
CSGP
高出25.6%
1.3%
净利率更高
CBZ
高出13.9%
5.2%
自由现金流更多
CSGP
多$129.8M
$-28.5M
两年增速更快
CBZ
近两年复合增速
17.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $848.6M | $899.9M |
| 净利润 | $161.6M | $46.5M |
| 毛利率 | — | 78.6% |
| 营业利润率 | 23.2% | 5.5% |
| 净利率 | 19.0% | 5.2% |
| 营收同比 | 1.3% | 26.9% |
| 净利润同比 | — | -22.2% |
| 每股收益（稀释后） | $2.63 | $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CBZCSGP
| Q1 26 | $848.6M | — | ||
| Q4 25 | $542.7M | $899.9M | ||
| Q3 25 | $693.8M | $833.6M | ||
| Q2 25 | $683.5M | $781.3M | ||
| Q1 25 | $838.0M | $732.2M | ||
| Q4 24 | $460.3M | $709.4M | ||
| Q3 24 | $438.9M | $692.6M | ||
| Q2 24 | $420.0M | $677.8M |
净利润CBZCSGP
| Q1 26 | $161.6M | — | ||
| Q4 25 | $-79.4M | $46.5M | ||
| Q3 25 | $30.1M | $-30.9M | ||
| Q2 25 | $41.9M | $6.2M | ||
| Q1 25 | $122.8M | $-14.8M | ||
| Q4 24 | $-90.7M | $59.8M | ||
| Q3 24 | $35.1M | $53.0M | ||
| Q2 24 | $19.8M | $19.2M |
毛利率CBZCSGP
| Q1 26 | — | — | ||
| Q4 25 | -9.4% | 78.6% | ||
| Q3 25 | 13.0% | 79.3% | ||
| Q2 25 | 12.9% | 78.5% | ||
| Q1 25 | 27.2% | 79.1% | ||
| Q4 24 | -13.4% | 80.1% | ||
| Q3 24 | 16.6% | 79.7% | ||
| Q2 24 | 12.8% | 80.0% |
营业利润率CBZCSGP
| Q1 26 | 23.2% | — | ||
| Q4 25 | -15.7% | 5.5% | ||
| Q3 25 | 8.5% | -6.1% | ||
| Q2 25 | 8.8% | -3.5% | ||
| Q1 25 | 23.9% | -5.8% | ||
| Q4 24 | -23.2% | 5.6% | ||
| Q3 24 | 11.3% | 3.4% | ||
| Q2 24 | 7.5% | -2.4% |
净利率CBZCSGP
| Q1 26 | 19.0% | — | ||
| Q4 25 | -14.6% | 5.2% | ||
| Q3 25 | 4.3% | -3.7% | ||
| Q2 25 | 6.1% | 0.8% | ||
| Q1 25 | 14.7% | -2.0% | ||
| Q4 24 | -19.7% | 8.4% | ||
| Q3 24 | 8.0% | 7.7% | ||
| Q2 24 | 4.7% | 2.8% |
每股收益（稀释后）CBZCSGP
| Q1 26 | $2.63 | — | ||
| Q4 25 | $-1.22 | $0.12 | ||
| Q3 25 | $0.48 | $-0.07 | ||
| Q2 25 | $0.66 | $0.01 | ||
| Q1 25 | $1.91 | $-0.04 | ||
| Q4 24 | $-1.84 | $0.14 | ||
| Q3 24 | $0.70 | $0.13 | ||
| Q2 24 | $0.39 | $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 | $28.7M | $1.6B |
| 总债务越低越好 | — | $140.0M |
| 股东权益账面价值 | $1.9B | $8.3B |
| 总资产 | $4.6B | $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CBZCSGP
| Q1 26 | $28.7M | — | ||
| Q4 25 | $18.3M | $1.6B | ||
| Q3 25 | $17.0M | $1.9B | ||
| Q2 25 | $39.8M | $3.6B | ||
| Q1 25 | $8.8M | $3.7B | ||
| Q4 24 | $13.8M | $4.7B | ||
| Q3 24 | $1.1M | — | ||
| Q2 24 | $1.1M | — |
总债务CBZCSGP
| Q1 26 | — | — | ||
| 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CBZCSGP
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $8.3B | ||
| Q3 25 | $1.9B | $8.6B | ||
| Q2 25 | $1.9B | $8.6B | ||
| Q1 25 | $1.9B | $8.6B | ||
| Q4 24 | $1.8B | $7.6B | ||
| Q3 24 | $927.9M | $7.5B | ||
| Q2 24 | $891.4M | $7.4B |
总资产CBZCSGP
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.4B | $10.5B | ||
| Q3 25 | $4.5B | $10.8B | ||
| Q2 25 | $4.5B | $10.5B | ||
| Q1 25 | $4.6B | $10.4B | ||
| Q4 24 | $4.5B | $9.3B | ||
| Q3 24 | $2.1B | $9.1B | ||
| Q2 24 | $2.2B | $9.1B |
负债/权益比CBZCSGP
| Q1 26 | — | — | ||
| 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 | $-25.5M | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $-28.5M | $101.3M |
| 自由现金流率自由现金流/营收 | -3.4% | 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 | -0.16× | 3.49× |
| 过去12个月自由现金流最近4个季度 | $240.5M | $123.0M |
8季度趋势，按日历期对齐
经营现金流CBZCSGP
| Q1 26 | $-25.5M | — | ||
| Q4 25 | $143.6M | $162.1M | ||
| Q3 25 | $24.0M | $68.2M | ||
| Q2 25 | $113.1M | $146.5M | ||
| Q1 25 | $-88.3M | $53.2M | ||
| Q4 24 | $55.5M | $94.6M | ||
| Q3 24 | $43.7M | $100.3M | ||
| Q2 24 | $88.2M | $58.1M |
自由现金流CBZCSGP
| Q1 26 | $-28.5M | — | ||
| Q4 25 | $141.7M | $101.3M | ||
| Q3 25 | $22.1M | $-5.5M | ||
| Q2 25 | $105.2M | $27.7M | ||
| Q1 25 | $-93.4M | $-500.0K | ||
| Q4 24 | $52.3M | $25.2M | ||
| Q3 24 | $41.1M | $40.2M | ||
| Q2 24 | $86.3M | $-14.7M |
自由现金流率CBZCSGP
| Q1 26 | -3.4% | — | ||
| Q4 25 | 26.1% | 11.3% | ||
| Q3 25 | 3.2% | -0.7% | ||
| Q2 25 | 15.4% | 3.5% | ||
| Q1 25 | -11.2% | -0.1% | ||
| Q4 24 | 11.4% | 3.6% | ||
| Q3 24 | 9.4% | 5.8% | ||
| Q2 24 | 20.5% | -2.2% |
资本支出强度CBZCSGP
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 6.8% | ||
| Q3 25 | 0.3% | 8.8% | ||
| Q2 25 | 1.2% | 15.2% | ||
| Q1 25 | 0.6% | 7.3% | ||
| Q4 24 | 0.7% | 9.8% | ||
| Q3 24 | 0.6% | 8.7% | ||
| Q2 24 | 0.4% | 10.7% |
现金转化率CBZCSGP
| Q1 26 | -0.16× | — | ||
| Q4 25 | — | 3.49× | ||
| Q3 25 | 0.79× | — | ||
| Q2 25 | 2.70× | 23.63× | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | 1.25× | 1.89× | ||
| Q2 24 | 4.45× | 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
CBZ
| Financial Services (1) | $740.3M | 87% |
| Benefits and Insurance Services | $108.2M | 13% |
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
