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AMERICOLD REALTY TRUST（COLD）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AMERICOLD REALTY TRUST的1.4倍（$899.9M vs $643.1M），CoStar Group净利率更高（5.2% vs -13.7%，领先18.9%），CoStar Group同比增速更快（26.9% vs -0.7%），CoStar Group自由现金流更多（$101.3M vs $-12.2M），过去两年CoStar Group的营收复合增速更高（17.1% vs -0.6%）
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
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。
COLD vs CSGP — 直观对比
营收规模更大
CSGP
是对方的1.4倍
$643.1M
营收增速更快
CSGP
高出27.5%
-0.7%
净利率更高
CSGP
高出18.9%
-13.7%
自由现金流更多
CSGP
多$113.5M
$-12.2M
两年增速更快
CSGP
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $899.9M |
| 净利润 | $-88.3M | $46.5M |
| 毛利率 | 31.3% | 78.6% |
| 营业利润率 | -10.8% | 5.5% |
| 净利率 | -13.7% | 5.2% |
| 营收同比 | -0.7% | 26.9% |
| 净利润同比 | -143.9% | -22.2% |
| 每股收益（稀释后） | $-0.31 | $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COLDCSGP
| Q4 25 | $643.1M | $899.9M | ||
| Q3 25 | $649.0M | $833.6M | ||
| Q2 25 | $635.1M | $781.3M | ||
| Q1 25 | $613.7M | $732.2M | ||
| Q4 24 | $647.4M | $709.4M | ||
| Q3 24 | $660.4M | $692.6M | ||
| Q2 24 | $645.6M | $677.8M | ||
| Q1 24 | $651.4M | $656.4M |
净利润COLDCSGP
| Q4 25 | $-88.3M | $46.5M | ||
| Q3 25 | $-11.4M | $-30.9M | ||
| Q2 25 | $1.5M | $6.2M | ||
| Q1 25 | $-16.4M | $-14.8M | ||
| Q4 24 | $-36.2M | $59.8M | ||
| Q3 24 | $-3.7M | $53.0M | ||
| Q2 24 | $-64.1M | $19.2M | ||
| Q1 24 | $9.7M | $6.7M |
毛利率COLDCSGP
| Q4 25 | 31.3% | 78.6% | ||
| Q3 25 | 29.3% | 79.3% | ||
| Q2 25 | 30.9% | 78.5% | ||
| Q1 25 | 31.1% | 79.1% | ||
| Q4 24 | 29.7% | 80.1% | ||
| Q3 24 | 29.6% | 79.7% | ||
| Q2 24 | 31.0% | 80.0% | ||
| Q1 24 | 30.3% | 78.5% |
营业利润率COLDCSGP
| Q4 25 | -10.8% | 5.5% | ||
| Q3 25 | 2.6% | -6.1% | ||
| Q2 25 | 5.9% | -3.5% | ||
| Q1 25 | 3.6% | -5.8% | ||
| Q4 24 | -1.8% | 5.6% | ||
| Q3 24 | 4.6% | 3.4% | ||
| Q2 24 | 9.8% | -2.4% | ||
| Q1 24 | 6.4% | -6.5% |
净利率COLDCSGP
| Q4 25 | -13.7% | 5.2% | ||
| Q3 25 | -1.8% | -3.7% | ||
| Q2 25 | 0.2% | 0.8% | ||
| Q1 25 | -2.7% | -2.0% | ||
| Q4 24 | -5.6% | 8.4% | ||
| Q3 24 | -0.6% | 7.7% | ||
| Q2 24 | -9.9% | 2.8% | ||
| Q1 24 | 1.5% | 1.0% |
每股收益（稀释后）COLDCSGP
| Q4 25 | $-0.31 | $0.12 | ||
| Q3 25 | $-0.04 | $-0.07 | ||
| Q2 25 | $0.01 | $0.01 | ||
| Q1 25 | $-0.06 | $-0.04 | ||
| Q4 24 | $-0.12 | $0.14 | ||
| Q3 24 | $-0.01 | $0.13 | ||
| Q2 24 | $-0.23 | $0.05 | ||
| Q1 24 | $0.03 | $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 | $136.9M | $1.6B |
| 总债务越低越好 | — | $140.0M |
| 股东权益账面价值 | $2.9B | $8.3B |
| 总资产 | $8.1B | $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COLDCSGP
| Q4 25 | $136.9M | $1.6B | ||
| Q3 25 | $33.3M | $1.9B | ||
| Q2 25 | $101.4M | $3.6B | ||
| Q1 25 | $38.9M | $3.7B | ||
| Q4 24 | $47.7M | $4.7B | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $44.2M | — | ||
| Q1 24 | $59.2M | — |
总债务COLDCSGP
| 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COLDCSGP
| Q4 25 | $2.9B | $8.3B | ||
| Q3 25 | $3.0B | $8.6B | ||
| Q2 25 | $3.1B | $8.6B | ||
| Q1 25 | $3.2B | $8.6B | ||
| Q4 24 | $3.3B | $7.6B | ||
| Q3 24 | $3.4B | $7.5B | ||
| Q2 24 | $3.4B | $7.4B | ||
| Q1 24 | $3.6B | $7.3B |
总资产COLDCSGP
| Q4 25 | $8.1B | $10.5B | ||
| Q3 25 | $8.1B | $10.8B | ||
| Q2 25 | $8.1B | $10.5B | ||
| Q1 25 | $7.8B | $10.4B | ||
| Q4 24 | $7.7B | $9.3B | ||
| Q3 24 | $7.9B | $9.1B | ||
| Q2 24 | $7.8B | $9.1B | ||
| Q1 24 | $7.8B | $9.0B |
负债/权益比COLDCSGP
| 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 | $130.2M | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $101.3M |
| 自由现金流率自由现金流/营收 | -1.9% | 11.3% |
| 资本支出强度资本支出/营收 | 22.1% | 6.8% |
| 现金转化率经营现金流/净利润 | — | 3.49× |
| 过去12个月自由现金流最近4个季度 | $-217.2M | $123.0M |
8季度趋势，按日历期对齐
经营现金流COLDCSGP
| Q4 25 | $130.2M | $162.1M | ||
| Q3 25 | $78.9M | $68.2M | ||
| Q2 25 | $120.3M | $146.5M | ||
| Q1 25 | $30.2M | $53.2M | ||
| Q4 24 | $162.6M | $94.6M | ||
| Q3 24 | $50.6M | $100.3M | ||
| Q2 24 | $136.7M | $58.1M | ||
| Q1 24 | $62.0M | $139.6M |
自由现金流COLDCSGP
| Q4 25 | $-12.2M | $101.3M | ||
| Q3 25 | $-65.4M | $-5.5M | ||
| Q2 25 | $-57.4M | $27.7M | ||
| Q1 25 | $-82.3M | $-500.0K | ||
| Q4 24 | $57.4M | $25.2M | ||
| Q3 24 | $-44.5M | $40.2M | ||
| Q2 24 | $73.3M | $-14.7M | ||
| Q1 24 | $16.2M | $-237.1M |
自由现金流率COLDCSGP
| Q4 25 | -1.9% | 11.3% | ||
| Q3 25 | -10.1% | -0.7% | ||
| Q2 25 | -9.0% | 3.5% | ||
| Q1 25 | -13.4% | -0.1% | ||
| Q4 24 | 8.9% | 3.6% | ||
| Q3 24 | -6.7% | 5.8% | ||
| Q2 24 | 11.4% | -2.2% | ||
| Q1 24 | 2.5% | -36.1% |
资本支出强度COLDCSGP
| Q4 25 | 22.1% | 6.8% | ||
| Q3 25 | 22.2% | 8.8% | ||
| Q2 25 | 28.0% | 15.2% | ||
| Q1 25 | 18.3% | 7.3% | ||
| Q4 24 | 16.3% | 9.8% | ||
| Q3 24 | 14.4% | 8.7% | ||
| Q2 24 | 9.8% | 10.7% | ||
| Q1 24 | 7.0% | 57.4% |
现金转化率COLDCSGP
| Q4 25 | — | 3.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | 78.18× | 23.63× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | — | 3.03× | ||
| Q1 24 | 6.36× | 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
COLD
| Warehouse Services | $269.0M | 42% |
| Warehouse Rent And Storage | $199.9M | 31% |
| Other Facilities Costs | $60.0M | 9% |
| Transportation Segment | $48.3M | 8% |
| Power | $34.7M | 5% |
| Transportation | $22.0M | 3% |
| Third Party Managed Segment | $9.5M | 1% |
| Third Party Managed | $2.4M | 0% |
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
