vs
CoStar Group（CSGP）与DNOW Inc.（DNOW）财务数据对比。点击上方公司名可切换其他公司
DNOW Inc.的季度营收约是CoStar Group的1.1倍（$959.0M vs $899.9M），CoStar Group净利率更高（5.2% vs -16.8%，领先22.0%），DNOW Inc.同比增速更快（68.0% vs 26.9%），CoStar Group自由现金流更多（$101.3M vs $76.0M），过去两年DNOW Inc.的营收复合增速更高（30.5% vs 17.1%）
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。
DNOW Inc.（商业名称DistributionNOW）是一家全球工业及能源产品分销商，提供供应链管理、库存优化、技术支持服务，主营油气、可再生能源、制造、建筑等领域所需的零部件、设备及耗材，业务覆盖北美、欧洲及亚太地区。
CSGP vs DNOW — 直观对比
营收规模更大
DNOW
是对方的1.1倍
$899.9M
营收增速更快
DNOW
高出41.1%
26.9%
净利率更高
CSGP
高出22.0%
-16.8%
自由现金流更多
CSGP
多$25.3M
$76.0M
两年增速更快
DNOW
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $959.0M |
| 净利润 | $46.5M | $-161.0M |
| 毛利率 | 78.6% | 5.2% |
| 营业利润率 | 5.5% | -19.6% |
| 净利率 | 5.2% | -16.8% |
| 营收同比 | 26.9% | 68.0% |
| 净利润同比 | -22.2% | -905.0% |
| 每股收益（稀释后） | $0.12 | $-1.42 |
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CSGPDNOW
| Q4 25 | $899.9M | $959.0M | ||
| Q3 25 | $833.6M | $634.0M | ||
| Q2 25 | $781.3M | $628.0M | ||
| Q1 25 | $732.2M | $599.0M | ||
| Q4 24 | $709.4M | $571.0M | ||
| Q3 24 | $692.6M | $606.0M | ||
| Q2 24 | $677.8M | $633.0M | ||
| Q1 24 | $656.4M | $563.0M |
净利润CSGPDNOW
| Q4 25 | $46.5M | $-161.0M | ||
| Q3 25 | $-30.9M | $25.0M | ||
| Q2 25 | $6.2M | $25.0M | ||
| Q1 25 | $-14.8M | $22.0M | ||
| Q4 24 | $59.8M | $20.0M | ||
| Q3 24 | $53.0M | $13.0M | ||
| Q2 24 | $19.2M | $24.0M | ||
| Q1 24 | $6.7M | $21.0M |
毛利率CSGPDNOW
| Q4 25 | 78.6% | 5.2% | ||
| Q3 25 | 79.3% | 22.9% | ||
| Q2 25 | 78.5% | 22.9% | ||
| Q1 25 | 79.1% | 23.2% | ||
| Q4 24 | 80.1% | 22.6% | ||
| Q3 24 | 79.7% | 22.3% | ||
| Q2 24 | 80.0% | 21.8% | ||
| Q1 24 | 78.5% | 22.9% |
营业利润率CSGPDNOW
| Q4 25 | 5.5% | -19.6% | ||
| Q3 25 | -6.1% | 5.2% | ||
| Q2 25 | -3.5% | 5.1% | ||
| Q1 25 | -5.8% | 5.0% | ||
| Q4 24 | 5.6% | 4.4% | ||
| Q3 24 | 3.4% | 3.8% | ||
| Q2 24 | -2.4% | 5.2% | ||
| Q1 24 | -6.5% | 5.0% |
净利率CSGPDNOW
| Q4 25 | 5.2% | -16.8% | ||
| Q3 25 | -3.7% | 3.9% | ||
| Q2 25 | 0.8% | 4.0% | ||
| Q1 25 | -2.0% | 3.7% | ||
| Q4 24 | 8.4% | 3.5% | ||
| Q3 24 | 7.7% | 2.1% | ||
| Q2 24 | 2.8% | 3.8% | ||
| Q1 24 | 1.0% | 3.7% |
每股收益（稀释后）CSGPDNOW
| Q4 25 | $0.12 | $-1.42 | ||
| Q3 25 | $-0.07 | $0.23 | ||
| Q2 25 | $0.01 | $0.23 | ||
| Q1 25 | $-0.04 | $0.20 | ||
| Q4 24 | $0.14 | $0.19 | ||
| Q3 24 | $0.13 | $0.12 | ||
| Q2 24 | $0.05 | $0.21 | ||
| Q1 24 | $0.02 | $0.19 |
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 | $164.0M |
| 总债务越低越好 | $140.0M | $411.0M |
| 股东权益账面价值 | $8.3B | $2.2B |
| 总资产 | $10.5B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资CSGPDNOW
| Q4 25 | $1.6B | $164.0M | ||
| Q3 25 | $1.9B | $266.0M | ||
| Q2 25 | $3.6B | $232.0M | ||
| Q1 25 | $3.7B | $219.0M | ||
| Q4 24 | $4.7B | $256.0M | ||
| Q3 24 | — | $261.0M | ||
| Q2 24 | — | $197.0M | ||
| Q1 24 | — | $188.0M |
总债务CSGPDNOW
| Q4 25 | $140.0M | $411.0M | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | $0 | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益CSGPDNOW
| Q4 25 | $8.3B | $2.2B | ||
| Q3 25 | $8.6B | $1.2B | ||
| Q2 25 | $8.6B | $1.2B | ||
| Q1 25 | $8.6B | $1.1B | ||
| Q4 24 | $7.6B | $1.1B | ||
| Q3 24 | $7.5B | $1.1B | ||
| Q2 24 | $7.4B | $1.1B | ||
| Q1 24 | $7.3B | $1.1B |
总资产CSGPDNOW
| Q4 25 | $10.5B | $3.9B | ||
| Q3 25 | $10.8B | $1.7B | ||
| Q2 25 | $10.5B | $1.7B | ||
| Q1 25 | $10.4B | $1.7B | ||
| Q4 24 | $9.3B | $1.6B | ||
| Q3 24 | $9.1B | $1.6B | ||
| Q2 24 | $9.1B | $1.6B | ||
| Q1 24 | $9.0B | $1.6B |
负债/权益比CSGPDNOW
| Q4 25 | 0.02× | 0.18× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.13× | 0.00× | ||
| 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 | $162.1M | $83.0M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $76.0M |
| 自由现金流率自由现金流/营收 | 11.3% | 7.9% |
| 资本支出强度资本支出/营收 | 6.8% | 0.7% |
| 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 | $123.0M | $134.0M |
8季度趋势，按日历期对齐
经营现金流CSGPDNOW
| Q4 25 | $162.1M | $83.0M | ||
| Q3 25 | $68.2M | $43.0M | ||
| Q2 25 | $146.5M | $45.0M | ||
| Q1 25 | $53.2M | $-16.0M | ||
| Q4 24 | $94.6M | $122.0M | ||
| Q3 24 | $100.3M | $74.0M | ||
| Q2 24 | $58.1M | $21.0M | ||
| Q1 24 | $139.6M | $81.0M |
自由现金流CSGPDNOW
| Q4 25 | $101.3M | $76.0M | ||
| Q3 25 | $-5.5M | $39.0M | ||
| Q2 25 | $27.7M | $41.0M | ||
| Q1 25 | $-500.0K | $-22.0M | ||
| Q4 24 | $25.2M | $119.0M | ||
| Q3 24 | $40.2M | $72.0M | ||
| Q2 24 | $-14.7M | $18.0M | ||
| Q1 24 | $-237.1M | $80.0M |
自由现金流率CSGPDNOW
| Q4 25 | 11.3% | 7.9% | ||
| Q3 25 | -0.7% | 6.2% | ||
| Q2 25 | 3.5% | 6.5% | ||
| Q1 25 | -0.1% | -3.7% | ||
| Q4 24 | 3.6% | 20.8% | ||
| Q3 24 | 5.8% | 11.9% | ||
| Q2 24 | -2.2% | 2.8% | ||
| Q1 24 | -36.1% | 14.2% |
资本支出强度CSGPDNOW
| Q4 25 | 6.8% | 0.7% | ||
| Q3 25 | 8.8% | 0.6% | ||
| Q2 25 | 15.2% | 0.6% | ||
| Q1 25 | 7.3% | 1.0% | ||
| Q4 24 | 9.8% | 0.5% | ||
| Q3 24 | 8.7% | 0.3% | ||
| Q2 24 | 10.7% | 0.5% | ||
| Q1 24 | 57.4% | 0.2% |
现金转化率CSGPDNOW
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | 23.63× | 1.80× | ||
| Q1 25 | — | -0.73× | ||
| Q4 24 | 1.58× | 6.10× | ||
| Q3 24 | 1.89× | 5.69× | ||
| Q2 24 | 3.03× | 0.88× | ||
| Q1 24 | 20.84× | 3.86× |
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
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
DNOW
| Pipelines | $455.0M | 47% |
| Downstream And Industrial | $196.0M | 20% |
| Gas Utilities | $183.0M | 19% |
| Oil And Gas Properties | $105.0M | 11% |
| Other | $20.0M | 2% |
