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CULLEN/FROST BANKERS, INC.（CFR）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
CULLEN/FROST BANKERS, INC.的季度营收约是南玻集团的1.8倍（$580.9M vs $323.1M），CULLEN/FROST BANKERS, INC.净利率更高（28.6% vs 2.2%，领先26.5%），CULLEN/FROST BANKERS, INC.同比增速更快（8.3% vs 2.0%），CULLEN/FROST BANKERS, INC.自由现金流更多（$127.3M vs $55.8M），过去两年CULLEN/FROST BANKERS, INC.的营收复合增速更高（7.6% vs 4.6%）
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。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
CFR vs CSGS — 直观对比
营收规模更大
CFR
是对方的1.8倍
$323.1M
营收增速更快
CFR
高出6.3%
2.0%
净利率更高
CFR
高出26.5%
2.2%
自由现金流更多
CFR
多$71.5M
$55.8M
两年增速更快
CFR
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $580.9M | $323.1M |
| 净利润 | $166.3M | $7.0M |
| 毛利率 | — | 50.0% |
| 营业利润率 | 34.1% | 9.0% |
| 净利率 | 28.6% | 2.2% |
| 营收同比 | 8.3% | 2.0% |
| 净利润同比 | 7.4% | -79.7% |
| 每股收益（稀释后） | $2.56 | $0.24 |
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CFRCSGS
| Q4 25 | $580.9M | $323.1M | ||
| Q3 25 | $567.3M | $303.6M | ||
| Q2 25 | $546.9M | $297.1M | ||
| Q1 25 | $540.2M | $299.5M | ||
| Q4 24 | $536.3M | $316.7M | ||
| Q3 24 | $518.0M | $295.1M | ||
| Q2 24 | $507.9M | $290.3M | ||
| Q1 24 | $501.4M | $295.1M |
净利润CFRCSGS
| Q4 25 | $166.3M | $7.0M | ||
| Q3 25 | $174.4M | $20.5M | ||
| Q2 25 | $157.0M | $12.3M | ||
| Q1 25 | $150.9M | $16.1M | ||
| Q4 24 | $154.9M | $34.5M | ||
| Q3 24 | $146.5M | $19.1M | ||
| Q2 24 | $145.5M | $13.8M | ||
| Q1 24 | $135.7M | $19.5M |
毛利率CFRCSGS
| Q4 25 | — | 50.0% | ||
| Q3 25 | — | 48.1% | ||
| Q2 25 | — | 49.5% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 51.3% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | 47.3% | ||
| Q1 24 | — | 46.5% |
营业利润率CFRCSGS
| Q4 25 | 34.1% | 9.0% | ||
| Q3 25 | 36.7% | 10.0% | ||
| Q2 25 | 34.1% | 10.0% | ||
| Q1 25 | 33.2% | 9.8% | ||
| Q4 24 | 34.3% | 13.4% | ||
| Q3 24 | 33.8% | 10.8% | ||
| Q2 24 | 34.5% | 8.8% | ||
| Q1 24 | 32.2% | 10.8% |
净利率CFRCSGS
| Q4 25 | 28.6% | 2.2% | ||
| Q3 25 | 30.7% | 6.7% | ||
| Q2 25 | 28.7% | 4.1% | ||
| Q1 25 | 27.9% | 5.4% | ||
| Q4 24 | 28.9% | 10.9% | ||
| Q3 24 | 28.3% | 6.5% | ||
| Q2 24 | 28.6% | 4.8% | ||
| Q1 24 | 27.1% | 6.6% |
每股收益（稀释后）CFRCSGS
| Q4 25 | $2.56 | $0.24 | ||
| Q3 25 | $2.67 | $0.73 | ||
| Q2 25 | $2.39 | $0.44 | ||
| Q1 25 | $2.30 | $0.57 | ||
| Q4 24 | $2.36 | $1.20 | ||
| Q3 24 | $2.24 | $0.67 | ||
| Q2 24 | $2.21 | $0.48 | ||
| Q1 24 | $2.06 | $0.68 |
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 | — | $180.0M |
| 总债务越低越好 | — | $539.5M |
| 股东权益账面价值 | $4.6B | $283.7M |
| 总资产 | $53.0B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资CFRCSGS
| Q4 25 | — | $180.0M | ||
| Q3 25 | — | $158.4M | ||
| Q2 25 | — | $145.9M | ||
| Q1 25 | — | $136.0M | ||
| Q4 24 | — | $161.8M | ||
| Q3 24 | — | $118.4M | ||
| Q2 24 | — | $110.4M | ||
| Q1 24 | — | $120.8M |
总债务CFRCSGS
| Q4 25 | — | $539.5M | ||
| Q3 25 | — | $538.6M | ||
| Q2 25 | — | $537.8M | ||
| Q1 25 | — | $537.6M | ||
| Q4 24 | — | $538.5M | ||
| Q3 24 | — | $539.5M | ||
| Q2 24 | — | $540.5M | ||
| Q1 24 | — | $541.5M |
股东权益CFRCSGS
| Q4 25 | $4.6B | $283.7M | ||
| Q3 25 | $4.5B | $289.5M | ||
| Q2 25 | $4.2B | $290.7M | ||
| Q1 25 | $4.1B | $283.1M | ||
| Q4 24 | $3.9B | $282.6M | ||
| Q3 24 | $4.1B | $288.4M | ||
| Q2 24 | $3.7B | $273.3M | ||
| Q1 24 | $3.6B | $269.3M |
总资产CFRCSGS
| Q4 25 | $53.0B | $1.5B | ||
| Q3 25 | $52.5B | $1.5B | ||
| Q2 25 | $51.4B | $1.4B | ||
| Q1 25 | $52.0B | $1.4B | ||
| Q4 24 | $52.5B | $1.5B | ||
| Q3 24 | $51.0B | $1.4B | ||
| Q2 24 | $48.8B | $1.4B | ||
| Q1 24 | $49.5B | $1.3B |
负债/权益比CFRCSGS
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.86× | ||
| Q2 25 | — | 1.85× | ||
| Q1 25 | — | 1.90× | ||
| Q4 24 | — | 1.91× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.98× | ||
| Q1 24 | — | 2.01× |
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 | $59.2M |
| 自由现金流经营现金流 - 资本支出 | $127.3M | $55.8M |
| 自由现金流率自由现金流/营收 | 21.9% | 17.3% |
| 资本支出强度资本支出/营收 | 25.2% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.65× | 8.46× |
| 过去12个月自由现金流最近4个季度 | $116.4M | $141.4M |
8季度趋势，按日历期对齐
经营现金流CFRCSGS
| Q4 25 | $274.0M | $59.2M | ||
| Q3 25 | $248.6M | $47.9M | ||
| Q2 25 | $140.8M | $37.3M | ||
| Q1 25 | $-296.1M | $11.5M | ||
| Q4 24 | $989.5M | $82.5M | ||
| Q3 24 | $307.2M | $39.5M | ||
| Q2 24 | $129.6M | $43.1M | ||
| Q1 24 | $488.4M | $-29.4M |
自由现金流CFRCSGS
| Q4 25 | $127.3M | $55.8M | ||
| Q3 25 | $211.7M | $43.9M | ||
| Q2 25 | $114.5M | $34.6M | ||
| Q1 25 | $-337.1M | $7.1M | ||
| Q4 24 | $861.8M | $76.6M | ||
| Q3 24 | $281.9M | $32.0M | ||
| Q2 24 | $103.0M | $38.8M | ||
| Q1 24 | $450.3M | $-34.1M |
自由现金流率CFRCSGS
| Q4 25 | 21.9% | 17.3% | ||
| Q3 25 | 37.3% | 14.5% | ||
| Q2 25 | 20.9% | 11.6% | ||
| Q1 25 | -62.4% | 2.4% | ||
| Q4 24 | 160.7% | 24.2% | ||
| Q3 24 | 54.4% | 10.8% | ||
| Q2 24 | 20.3% | 13.4% | ||
| Q1 24 | 89.8% | -11.6% |
资本支出强度CFRCSGS
| Q4 25 | 25.2% | 1.1% | ||
| Q3 25 | 6.5% | 1.3% | ||
| Q2 25 | 4.8% | 0.9% | ||
| Q1 25 | 7.6% | 1.5% | ||
| Q4 24 | 23.8% | 1.9% | ||
| Q3 24 | 4.9% | 2.5% | ||
| Q2 24 | 5.2% | 1.5% | ||
| Q1 24 | 7.6% | 1.6% |
现金转化率CFRCSGS
| Q4 25 | 1.65× | 8.46× | ||
| Q3 25 | 1.43× | 2.34× | ||
| Q2 25 | 0.90× | 3.04× | ||
| Q1 25 | -1.96× | 0.71× | ||
| Q4 24 | 6.39× | 2.39× | ||
| Q3 24 | 2.10× | 2.07× | ||
| Q2 24 | 0.89× | 3.12× | ||
| Q1 24 | 3.60× | -1.51× |
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
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
