vs
CoStar Group（CSGP）与伊萨（ESAB）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是伊萨的1.2倍（$899.9M vs $727.8M），伊萨净利率更高（7.5% vs 5.2%，领先2.4%），CoStar Group同比增速更快（26.9% vs 8.5%），CoStar Group自由现金流更多（$101.3M vs $70.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs 2.8%）
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。
ESAB（全称Elektriska Svetsnings-Aktiebolaget）是一家美国与瑞典合资的跨国工业企业，主营焊接、切割设备及配套耗材的研发、生产与销售，为全球制造业、基建等多领域客户提供专业可靠的工业解决方案，在全球工业市场拥有较高知名度。
CSGP vs ESAB — 直观对比
营收规模更大
CSGP
是对方的1.2倍
$727.8M
营收增速更快
CSGP
高出18.3%
8.5%
净利率更高
ESAB
高出2.4%
5.2%
自由现金流更多
CSGP
多$31.0M
$70.3M
两年增速更快
CSGP
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $727.8M |
| 净利润 | $46.5M | $54.8M |
| 毛利率 | 78.6% | 37.0% |
| 营业利润率 | 5.5% | 14.6% |
| 净利率 | 5.2% | 7.5% |
| 营收同比 | 26.9% | 8.5% |
| 净利润同比 | -22.2% | 2.1% |
| 每股收益（稀释后） | $0.12 | $0.90 |
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CSGPESAB
| Q4 25 | $899.9M | $727.8M | ||
| Q3 25 | $833.6M | $715.6M | ||
| Q2 25 | $781.3M | $678.1M | ||
| Q1 25 | $732.2M | — | ||
| Q4 24 | $709.4M | $670.8M | ||
| Q3 24 | $692.6M | $673.3M | ||
| Q2 24 | $677.8M | $707.1M | ||
| Q1 24 | $656.4M | $689.7M |
净利润CSGPESAB
| Q4 25 | $46.5M | $54.8M | ||
| Q3 25 | $-30.9M | $66.9M | ||
| Q2 25 | $6.2M | $67.4M | ||
| Q1 25 | $-14.8M | — | ||
| Q4 24 | $59.8M | $53.7M | ||
| Q3 24 | $53.0M | $68.2M | ||
| Q2 24 | $19.2M | $82.9M | ||
| Q1 24 | $6.7M | $60.0M |
毛利率CSGPESAB
| Q4 25 | 78.6% | 37.0% | ||
| Q3 25 | 79.3% | 37.2% | ||
| Q2 25 | 78.5% | 37.6% | ||
| Q1 25 | 79.1% | — | ||
| Q4 24 | 80.1% | 38.5% | ||
| Q3 24 | 79.7% | 37.7% | ||
| Q2 24 | 80.0% | 38.2% | ||
| Q1 24 | 78.5% | 37.0% |
营业利润率CSGPESAB
| Q4 25 | 5.5% | 14.6% | ||
| Q3 25 | -6.1% | 15.2% | ||
| Q2 25 | -3.5% | 16.2% | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | 5.6% | 16.6% | ||
| Q3 24 | 3.4% | 15.7% | ||
| Q2 24 | -2.4% | 16.9% | ||
| Q1 24 | -6.5% | 16.0% |
净利率CSGPESAB
| Q4 25 | 5.2% | 7.5% | ||
| Q3 25 | -3.7% | 9.3% | ||
| Q2 25 | 0.8% | 9.9% | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 8.4% | 8.0% | ||
| Q3 24 | 7.7% | 10.1% | ||
| Q2 24 | 2.8% | 11.7% | ||
| Q1 24 | 1.0% | 8.7% |
每股收益（稀释后）CSGPESAB
| Q4 25 | $0.12 | $0.90 | ||
| Q3 25 | $-0.07 | $1.09 | ||
| Q2 25 | $0.01 | $1.10 | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $0.14 | $0.87 | ||
| Q3 24 | $0.13 | $1.11 | ||
| Q2 24 | $0.05 | $1.35 | ||
| Q1 24 | $0.02 | $0.98 |
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 | $218.2M |
| 总债务越低越好 | $140.0M | $1.3B |
| 股东权益账面价值 | $8.3B | $2.1B |
| 总资产 | $10.5B | $4.9B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资CSGPESAB
| Q4 25 | $1.6B | $218.2M | ||
| Q3 25 | $1.9B | $258.2M | ||
| Q2 25 | $3.6B | $291.3M | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $4.7B | $249.4M | ||
| Q3 24 | — | $253.7M | ||
| Q2 24 | — | $228.5M | ||
| Q1 24 | — | $76.5M |
总债务CSGPESAB
| Q4 25 | $140.0M | $1.3B | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $1.0B | $992.8M |
股东权益CSGPESAB
| Q4 25 | $8.3B | $2.1B | ||
| Q3 25 | $8.6B | $2.1B | ||
| Q2 25 | $8.6B | $1.9B | ||
| Q1 25 | $8.6B | — | ||
| Q4 24 | $7.6B | $1.8B | ||
| Q3 24 | $7.5B | $1.8B | ||
| Q2 24 | $7.4B | $1.7B | ||
| Q1 24 | $7.3B | $1.6B |
总资产CSGPESAB
| Q4 25 | $10.5B | $4.9B | ||
| Q3 25 | $10.8B | $4.4B | ||
| Q2 25 | $10.5B | $4.2B | ||
| Q1 25 | $10.4B | — | ||
| Q4 24 | $9.3B | $4.0B | ||
| Q3 24 | $9.1B | $4.1B | ||
| Q2 24 | $9.1B | $4.0B | ||
| Q1 24 | $9.0B | $3.8B |
负债/权益比CSGPESAB
| Q4 25 | 0.02× | 0.63× | ||
| Q3 25 | 0.12× | 0.51× | ||
| Q2 25 | 0.12× | 0.55× | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.13× | 0.60× | ||
| Q3 24 | 0.13× | 0.59× | ||
| Q2 24 | 0.14× | 0.63× | ||
| Q1 24 | 0.14× | 0.61× |
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 | $81.5M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $70.3M |
| 自由现金流率自由现金流/营收 | 11.3% | 9.7% |
| 资本支出强度资本支出/营收 | 6.8% | 1.5% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.49× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $238.0M |
8季度趋势，按日历期对齐
经营现金流CSGPESAB
| Q4 25 | $162.1M | $81.5M | ||
| Q3 25 | $68.2M | $46.6M | ||
| Q2 25 | $146.5M | $35.4M | ||
| Q1 25 | $53.2M | — | ||
| Q4 24 | $94.6M | $126.9M | ||
| Q3 24 | $100.3M | $101.0M | ||
| Q2 24 | $58.1M | $83.0M | ||
| Q1 24 | $139.6M | $44.5M |
自由现金流CSGPESAB
| Q4 25 | $101.3M | $70.3M | ||
| Q3 25 | $-5.5M | $37.4M | ||
| Q2 25 | $27.7M | $28.1M | ||
| Q1 25 | $-500.0K | — | ||
| Q4 24 | $25.2M | $102.2M | ||
| Q3 24 | $40.2M | $90.4M | ||
| Q2 24 | $-14.7M | $74.0M | ||
| Q1 24 | $-237.1M | $37.1M |
自由现金流率CSGPESAB
| Q4 25 | 11.3% | 9.7% | ||
| Q3 25 | -0.7% | 5.2% | ||
| Q2 25 | 3.5% | 4.1% | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | 3.6% | 15.2% | ||
| Q3 24 | 5.8% | 13.4% | ||
| Q2 24 | -2.2% | 10.5% | ||
| Q1 24 | -36.1% | 5.4% |
资本支出强度CSGPESAB
| Q4 25 | 6.8% | 1.5% | ||
| Q3 25 | 8.8% | 1.3% | ||
| Q2 25 | 15.2% | 1.1% | ||
| Q1 25 | 7.3% | — | ||
| Q4 24 | 9.8% | 3.7% | ||
| Q3 24 | 8.7% | 1.6% | ||
| Q2 24 | 10.7% | 1.3% | ||
| Q1 24 | 57.4% | 1.1% |
现金转化率CSGPESAB
| Q4 25 | 3.49× | 1.49× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | 23.63× | 0.53× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | 2.36× | ||
| Q3 24 | 1.89× | 1.48× | ||
| Q2 24 | 3.03× | 1.00× | ||
| Q1 24 | 20.84× | 0.74× |
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% |
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
