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CULLEN/FROST BANKERS, INC.（CFR）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CULLEN/FROST BANKERS, INC.的1.5倍（$899.9M vs $580.9M），CULLEN/FROST BANKERS, INC.净利率更高（28.6% vs 5.2%，领先23.5%），CoStar Group同比增速更快（26.9% vs 8.3%），CULLEN/FROST BANKERS, INC.自由现金流更多（$127.3M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs 7.6%）
Frost Bank是总部位于美国圣安东尼奥的德克萨斯州特许银行，为银行控股公司卡伦/弗罗斯特银行家集团的核心子公司。其在得克萨斯州共设有200家营业网点、1750台自动柜员机，按总资产规模统计位列全美前60大银行之列。
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。
CFR vs CSGP — 直观对比
营收规模更大
CSGP
是对方的1.5倍
$580.9M
营收增速更快
CSGP
高出18.6%
8.3%
净利率更高
CFR
高出23.5%
5.2%
自由现金流更多
CFR
多$26.0M
$101.3M
两年增速更快
CSGP
近两年复合增速
7.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $580.9M | $899.9M |
| 净利润 | $166.3M | $46.5M |
| 毛利率 | — | 78.6% |
| 营业利润率 | 34.1% | 5.5% |
| 净利率 | 28.6% | 5.2% |
| 营收同比 | 8.3% | 26.9% |
| 净利润同比 | 7.4% | -22.2% |
| 每股收益（稀释后） | $2.56 | $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CFRCSGP
| Q4 25 | $580.9M | $899.9M | ||
| Q3 25 | $567.3M | $833.6M | ||
| Q2 25 | $546.9M | $781.3M | ||
| Q1 25 | $540.2M | $732.2M | ||
| Q4 24 | $536.3M | $709.4M | ||
| Q3 24 | $518.0M | $692.6M | ||
| Q2 24 | $507.9M | $677.8M | ||
| Q1 24 | $501.4M | $656.4M |
净利润CFRCSGP
| Q4 25 | $166.3M | $46.5M | ||
| Q3 25 | $174.4M | $-30.9M | ||
| Q2 25 | $157.0M | $6.2M | ||
| Q1 25 | $150.9M | $-14.8M | ||
| Q4 24 | $154.9M | $59.8M | ||
| Q3 24 | $146.5M | $53.0M | ||
| Q2 24 | $145.5M | $19.2M | ||
| Q1 24 | $135.7M | $6.7M |
毛利率CFRCSGP
| Q4 25 | — | 78.6% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 78.5% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 80.1% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 80.0% | ||
| Q1 24 | — | 78.5% |
营业利润率CFRCSGP
| Q4 25 | 34.1% | 5.5% | ||
| Q3 25 | 36.7% | -6.1% | ||
| Q2 25 | 34.1% | -3.5% | ||
| Q1 25 | 33.2% | -5.8% | ||
| Q4 24 | 34.3% | 5.6% | ||
| Q3 24 | 33.8% | 3.4% | ||
| Q2 24 | 34.5% | -2.4% | ||
| Q1 24 | 32.2% | -6.5% |
净利率CFRCSGP
| Q4 25 | 28.6% | 5.2% | ||
| Q3 25 | 30.7% | -3.7% | ||
| Q2 25 | 28.7% | 0.8% | ||
| Q1 25 | 27.9% | -2.0% | ||
| Q4 24 | 28.9% | 8.4% | ||
| Q3 24 | 28.3% | 7.7% | ||
| Q2 24 | 28.6% | 2.8% | ||
| Q1 24 | 27.1% | 1.0% |
每股收益（稀释后）CFRCSGP
| Q4 25 | $2.56 | $0.12 | ||
| Q3 25 | $2.67 | $-0.07 | ||
| Q2 25 | $2.39 | $0.01 | ||
| Q1 25 | $2.30 | $-0.04 | ||
| Q4 24 | $2.36 | $0.14 | ||
| Q3 24 | $2.24 | $0.13 | ||
| Q2 24 | $2.21 | $0.05 | ||
| Q1 24 | $2.06 | $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 | — | $1.6B |
| 总债务越低越好 | — | $140.0M |
| 股东权益账面价值 | $4.6B | $8.3B |
| 总资产 | $53.0B | $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CFRCSGP
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务CFRCSGP
| 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 | ||
| Q1 24 | — | $1.0B |
股东权益CFRCSGP
| Q4 25 | $4.6B | $8.3B | ||
| Q3 25 | $4.5B | $8.6B | ||
| Q2 25 | $4.2B | $8.6B | ||
| Q1 25 | $4.1B | $8.6B | ||
| Q4 24 | $3.9B | $7.6B | ||
| Q3 24 | $4.1B | $7.5B | ||
| Q2 24 | $3.7B | $7.4B | ||
| Q1 24 | $3.6B | $7.3B |
总资产CFRCSGP
| Q4 25 | $53.0B | $10.5B | ||
| Q3 25 | $52.5B | $10.8B | ||
| Q2 25 | $51.4B | $10.5B | ||
| Q1 25 | $52.0B | $10.4B | ||
| Q4 24 | $52.5B | $9.3B | ||
| Q3 24 | $51.0B | $9.1B | ||
| Q2 24 | $48.8B | $9.1B | ||
| Q1 24 | $49.5B | $9.0B |
负债/权益比CFRCSGP
| 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 | $274.0M | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $127.3M | $101.3M |
| 自由现金流率自由现金流/营收 | 21.9% | 11.3% |
| 资本支出强度资本支出/营收 | 25.2% | 6.8% |
| 现金转化率经营现金流/净利润 | 1.65× | 3.49× |
| 过去12个月自由现金流最近4个季度 | $116.4M | $123.0M |
8季度趋势，按日历期对齐
经营现金流CFRCSGP
| Q4 25 | $274.0M | $162.1M | ||
| Q3 25 | $248.6M | $68.2M | ||
| Q2 25 | $140.8M | $146.5M | ||
| Q1 25 | $-296.1M | $53.2M | ||
| Q4 24 | $989.5M | $94.6M | ||
| Q3 24 | $307.2M | $100.3M | ||
| Q2 24 | $129.6M | $58.1M | ||
| Q1 24 | $488.4M | $139.6M |
自由现金流CFRCSGP
| Q4 25 | $127.3M | $101.3M | ||
| Q3 25 | $211.7M | $-5.5M | ||
| Q2 25 | $114.5M | $27.7M | ||
| Q1 25 | $-337.1M | $-500.0K | ||
| Q4 24 | $861.8M | $25.2M | ||
| Q3 24 | $281.9M | $40.2M | ||
| Q2 24 | $103.0M | $-14.7M | ||
| Q1 24 | $450.3M | $-237.1M |
自由现金流率CFRCSGP
| Q4 25 | 21.9% | 11.3% | ||
| Q3 25 | 37.3% | -0.7% | ||
| Q2 25 | 20.9% | 3.5% | ||
| Q1 25 | -62.4% | -0.1% | ||
| Q4 24 | 160.7% | 3.6% | ||
| Q3 24 | 54.4% | 5.8% | ||
| Q2 24 | 20.3% | -2.2% | ||
| Q1 24 | 89.8% | -36.1% |
资本支出强度CFRCSGP
| Q4 25 | 25.2% | 6.8% | ||
| Q3 25 | 6.5% | 8.8% | ||
| Q2 25 | 4.8% | 15.2% | ||
| Q1 25 | 7.6% | 7.3% | ||
| Q4 24 | 23.8% | 9.8% | ||
| Q3 24 | 4.9% | 8.7% | ||
| Q2 24 | 5.2% | 10.7% | ||
| Q1 24 | 7.6% | 57.4% |
现金转化率CFRCSGP
| Q4 25 | 1.65× | 3.49× | ||
| Q3 25 | 1.43× | — | ||
| Q2 25 | 0.90× | 23.63× | ||
| Q1 25 | -1.96× | — | ||
| Q4 24 | 6.39× | 1.58× | ||
| Q3 24 | 2.10× | 1.89× | ||
| Q2 24 | 0.89× | 3.03× | ||
| Q1 24 | 3.60× | 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
CFR
暂无分部数据
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
