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CoStar Group（CSGP）与Dynatrace, Inc.（DT）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Dynatrace, Inc.的1.7倍（$899.9M vs $515.5M），Dynatrace, Inc.净利率更高（7.8% vs 5.2%，领先2.6%），CoStar Group同比增速更快（26.9% vs 18.2%），CoStar Group自由现金流更多（$101.3M vs $27.2M），过去两年CoStar Group的营收复合增速更高（17.1% vs 16.3%）
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。
Dynatrace是总部位于美国的跨国科技企业，主打AI驱动的可观测性平台，旗下软件可用于应用性能监控分析、软件开发流程优化、网络安全防护、IT基础设施运维及用户体验提升等场景，为各行业客户的数字化运营提供有力技术支撑。
CSGP vs DT — 直观对比
营收规模更大
CSGP
是对方的1.7倍
$515.5M
营收增速更快
CSGP
高出8.7%
18.2%
净利率更高
DT
高出2.6%
5.2%
自由现金流更多
CSGP
多$74.1M
$27.2M
两年增速更快
CSGP
近两年复合增速
16.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $515.5M |
| 净利润 | $46.5M | $40.1M |
| 毛利率 | 78.6% | 81.4% |
| 营业利润率 | 5.5% | 14.1% |
| 净利率 | 5.2% | 7.8% |
| 营收同比 | 26.9% | 18.2% |
| 净利润同比 | -22.2% | -88.9% |
| 每股收益（稀释后） | $0.12 | $0.13 |
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CSGPDT
| Q4 25 | $899.9M | $515.5M | ||
| Q3 25 | $833.6M | $493.8M | ||
| Q2 25 | $781.3M | $477.3M | ||
| Q1 25 | $732.2M | $445.2M | ||
| Q4 24 | $709.4M | $436.2M | ||
| Q3 24 | $692.6M | $418.1M | ||
| Q2 24 | $677.8M | $399.2M | ||
| Q1 24 | $656.4M | $380.8M |
净利润CSGPDT
| Q4 25 | $46.5M | $40.1M | ||
| Q3 25 | $-30.9M | $57.2M | ||
| Q2 25 | $6.2M | $48.0M | ||
| Q1 25 | $-14.8M | $39.3M | ||
| Q4 24 | $59.8M | $361.8M | ||
| Q3 24 | $53.0M | $44.0M | ||
| Q2 24 | $19.2M | $38.6M | ||
| Q1 24 | $6.7M | $37.9M |
毛利率CSGPDT
| Q4 25 | 78.6% | 81.4% | ||
| Q3 25 | 79.3% | 81.8% | ||
| Q2 25 | 78.5% | 82.1% | ||
| Q1 25 | 79.1% | 80.9% | ||
| Q4 24 | 80.1% | 81.1% | ||
| Q3 24 | 79.7% | 81.4% | ||
| Q2 24 | 80.0% | 81.3% | ||
| Q1 24 | 78.5% | 81.1% |
营业利润率CSGPDT
| Q4 25 | 5.5% | 14.1% | ||
| Q3 25 | -6.1% | 14.8% | ||
| Q2 25 | -3.5% | 13.1% | ||
| Q1 25 | -5.8% | 9.6% | ||
| Q4 24 | 5.6% | 10.9% | ||
| Q3 24 | 3.4% | 11.2% | ||
| Q2 24 | -2.4% | 10.5% | ||
| Q1 24 | -6.5% | 6.1% |
净利率CSGPDT
| Q4 25 | 5.2% | 7.8% | ||
| Q3 25 | -3.7% | 11.6% | ||
| Q2 25 | 0.8% | 10.0% | ||
| Q1 25 | -2.0% | 8.8% | ||
| Q4 24 | 8.4% | 82.9% | ||
| Q3 24 | 7.7% | 10.5% | ||
| Q2 24 | 2.8% | 9.7% | ||
| Q1 24 | 1.0% | 10.0% |
每股收益（稀释后）CSGPDT
| Q4 25 | $0.12 | $0.13 | ||
| Q3 25 | $-0.07 | $0.19 | ||
| Q2 25 | $0.01 | $0.16 | ||
| Q1 25 | $-0.04 | $0.12 | ||
| Q4 24 | $0.14 | $1.19 | ||
| Q3 24 | $0.13 | $0.15 | ||
| Q2 24 | $0.05 | $0.13 | ||
| Q1 24 | $0.02 | $0.13 |
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 | $1.2B |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $2.7B |
| 总资产 | $10.5B | $4.1B |
| 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CSGPDT
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $3.6B | $1.3B | ||
| Q1 25 | $3.7B | $1.1B | ||
| Q4 24 | $4.7B | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $836.9M |
总债务CSGPDT
| 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CSGPDT
| Q4 25 | $8.3B | $2.7B | ||
| Q3 25 | $8.6B | $2.8B | ||
| Q2 25 | $8.6B | $2.7B | ||
| Q1 25 | $8.6B | $2.6B | ||
| Q4 24 | $7.6B | $2.6B | ||
| Q3 24 | $7.5B | $2.1B | ||
| Q2 24 | $7.4B | $2.1B | ||
| Q1 24 | $7.3B | $2.0B |
总资产CSGPDT
| Q4 25 | $10.5B | $4.1B | ||
| Q3 25 | $10.8B | $4.1B | ||
| Q2 25 | $10.5B | $4.1B | ||
| Q1 25 | $10.4B | $4.1B | ||
| Q4 24 | $9.3B | $3.7B | ||
| Q3 24 | $9.1B | $3.3B | ||
| Q2 24 | $9.1B | $3.3B | ||
| Q1 24 | $9.0B | $3.4B |
负债/权益比CSGPDT
| 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 | $162.1M | $33.8M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $27.2M |
| 自由现金流率自由现金流/营收 | 11.3% | 5.3% |
| 资本支出强度资本支出/营收 | 6.8% | 1.3% |
| 现金转化率经营现金流/净利润 | 3.49× | 0.84× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $465.5M |
8季度趋势，按日历期对齐
经营现金流CSGPDT
| Q4 25 | $162.1M | $33.8M | ||
| Q3 25 | $68.2M | $32.0M | ||
| Q2 25 | $146.5M | $269.7M | ||
| Q1 25 | $53.2M | $162.8M | ||
| Q4 24 | $94.6M | $42.2M | ||
| Q3 24 | $100.3M | $23.6M | ||
| Q2 24 | $58.1M | $230.7M | ||
| Q1 24 | $139.6M | $131.7M |
自由现金流CSGPDT
| Q4 25 | $101.3M | $27.2M | ||
| Q3 25 | $-5.5M | $27.8M | ||
| Q2 25 | $27.7M | $262.2M | ||
| Q1 25 | $-500.0K | $148.2M | ||
| Q4 24 | $25.2M | $37.6M | ||
| Q3 24 | $40.2M | $20.1M | ||
| Q2 24 | $-14.7M | $227.4M | ||
| Q1 24 | $-237.1M | $121.9M |
自由现金流率CSGPDT
| Q4 25 | 11.3% | 5.3% | ||
| Q3 25 | -0.7% | 5.6% | ||
| Q2 25 | 3.5% | 54.9% | ||
| Q1 25 | -0.1% | 33.3% | ||
| Q4 24 | 3.6% | 8.6% | ||
| Q3 24 | 5.8% | 4.8% | ||
| Q2 24 | -2.2% | 57.0% | ||
| Q1 24 | -36.1% | 32.0% |
资本支出强度CSGPDT
| Q4 25 | 6.8% | 1.3% | ||
| Q3 25 | 8.8% | 0.8% | ||
| Q2 25 | 15.2% | 1.6% | ||
| Q1 25 | 7.3% | 3.3% | ||
| Q4 24 | 9.8% | 1.1% | ||
| Q3 24 | 8.7% | 0.8% | ||
| Q2 24 | 10.7% | 0.8% | ||
| Q1 24 | 57.4% | 2.6% |
现金转化率CSGPDT
| Q4 25 | 3.49× | 0.84× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | 23.63× | 5.62× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | 1.58× | 0.12× | ||
| Q3 24 | 1.89× | 0.54× | ||
| Q2 24 | 3.03× | 5.97× | ||
| Q1 24 | 20.84× | 3.47× |
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% |
DT
| Subscription And Circulation | $493.4M | 96% |
| Services | $22.1M | 4% |
