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CoStar Group（CSGP）与ExlService Holdings, Inc.（EXLS）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ExlService Holdings, Inc.的1.7倍（$899.9M vs $542.6M），ExlService Holdings, Inc.净利率更高（11.1% vs 5.2%，领先5.9%），CoStar Group同比增速更快（26.9% vs 12.7%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs 11.5%）
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。
ExlService Holdings Inc.是全球知名的分析与数字解决方案服务商，服务覆盖保险、医疗健康、银行金融服务、媒体、零售等多个行业，总部位于纽约，在美国、欧洲、亚洲、拉美、澳大利亚、南非等地拥有超过5.4万名专业从业人员。
CSGP vs EXLS — 直观对比
营收规模更大
CSGP
是对方的1.7倍
$542.6M
营收增速更快
CSGP
高出14.1%
12.7%
净利率更高
EXLS
高出5.9%
5.2%
自由现金流更多
EXLS
多$5.2M
$101.3M
两年增速更快
CSGP
近两年复合增速
11.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $542.6M |
| 净利润 | $46.5M | $60.2M |
| 毛利率 | 78.6% | 38.6% |
| 营业利润率 | 5.5% | 14.4% |
| 净利率 | 5.2% | 11.1% |
| 营收同比 | 26.9% | 12.7% |
| 净利润同比 | -22.2% | 18.9% |
| 每股收益（稀释后） | $0.12 | $0.38 |
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CSGPEXLS
| Q4 25 | $899.9M | $542.6M | ||
| Q3 25 | $833.6M | $529.6M | ||
| Q2 25 | $781.3M | $514.5M | ||
| Q1 25 | $732.2M | $501.0M | ||
| Q4 24 | $709.4M | $481.4M | ||
| Q3 24 | $692.6M | $472.1M | ||
| Q2 24 | $677.8M | $448.4M | ||
| Q1 24 | $656.4M | $436.5M |
净利润CSGPEXLS
| Q4 25 | $46.5M | $60.2M | ||
| Q3 25 | $-30.9M | $58.2M | ||
| Q2 25 | $6.2M | $66.1M | ||
| Q1 25 | $-14.8M | $66.6M | ||
| Q4 24 | $59.8M | $50.7M | ||
| Q3 24 | $53.0M | $53.0M | ||
| Q2 24 | $19.2M | $45.8M | ||
| Q1 24 | $6.7M | $48.8M |
毛利率CSGPEXLS
| Q4 25 | 78.6% | 38.6% | ||
| Q3 25 | 79.3% | 38.5% | ||
| Q2 25 | 78.5% | 37.7% | ||
| Q1 25 | 79.1% | 38.6% | ||
| Q4 24 | 80.1% | 38.1% | ||
| Q3 24 | 79.7% | 37.8% | ||
| Q2 24 | 80.0% | 37.1% | ||
| Q1 24 | 78.5% | 37.4% |
营业利润率CSGPEXLS
| Q4 25 | 5.5% | 14.4% | ||
| Q3 25 | -6.1% | 14.4% | ||
| Q2 25 | -3.5% | 15.8% | ||
| Q1 25 | -5.8% | 15.7% | ||
| Q4 24 | 5.6% | 14.8% | ||
| Q3 24 | 3.4% | 14.7% | ||
| Q2 24 | -2.4% | 13.7% | ||
| Q1 24 | -6.5% | 14.1% |
净利率CSGPEXLS
| Q4 25 | 5.2% | 11.1% | ||
| Q3 25 | -3.7% | 11.0% | ||
| Q2 25 | 0.8% | 12.8% | ||
| Q1 25 | -2.0% | 13.3% | ||
| Q4 24 | 8.4% | 10.5% | ||
| Q3 24 | 7.7% | 11.2% | ||
| Q2 24 | 2.8% | 10.2% | ||
| Q1 24 | 1.0% | 11.2% |
每股收益（稀释后）CSGPEXLS
| Q4 25 | $0.12 | $0.38 | ||
| Q3 25 | $-0.07 | $0.36 | ||
| Q2 25 | $0.01 | $0.40 | ||
| Q1 25 | $-0.04 | $0.40 | ||
| Q4 24 | $0.14 | $0.31 | ||
| Q3 24 | $0.13 | $0.33 | ||
| Q2 24 | $0.05 | $0.28 | ||
| Q1 24 | $0.02 | $0.29 |
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 | $328.4M |
| 总债务越低越好 | $140.0M | $298.6M |
| 股东权益账面价值 | $8.3B | $912.7M |
| 总资产 | $10.5B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资CSGPEXLS
| Q4 25 | $1.6B | $328.4M | ||
| Q3 25 | $1.9B | $390.1M | ||
| Q2 25 | $3.6B | $353.3M | ||
| Q1 25 | $3.7B | $331.4M | ||
| Q4 24 | $4.7B | $340.6M | ||
| Q3 24 | — | $325.8M | ||
| Q2 24 | — | $276.1M | ||
| Q1 24 | — | $246.2M |
总债务CSGPEXLS
| Q4 25 | $140.0M | $298.6M | ||
| Q3 25 | $1.0B | $354.8M | ||
| Q2 25 | $1.0B | $260.0M | ||
| Q1 25 | $1.0B | $307.3M | ||
| Q4 24 | $1.0B | $288.5M | ||
| Q3 24 | $1.0B | $344.7M | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益CSGPEXLS
| Q4 25 | $8.3B | $912.7M | ||
| Q3 25 | $8.6B | $952.4M | ||
| Q2 25 | $8.6B | $1.1B | ||
| Q1 25 | $8.6B | $1.0B | ||
| Q4 24 | $7.6B | $929.9M | ||
| Q3 24 | $7.5B | $907.6M | ||
| Q2 24 | $7.4B | $852.6M | ||
| Q1 24 | $7.3B | $803.3M |
总资产CSGPEXLS
| Q4 25 | $10.5B | $1.7B | ||
| 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 | $1.5B | ||
| Q1 24 | $9.0B | $1.4B |
负债/权益比CSGPEXLS
| Q4 25 | 0.02× | 0.33× | ||
| Q3 25 | 0.12× | 0.37× | ||
| Q2 25 | 0.12× | 0.25× | ||
| Q1 25 | 0.12× | 0.30× | ||
| Q4 24 | 0.13× | 0.31× | ||
| Q3 24 | 0.13× | 0.38× | ||
| 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 | $117.4M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $106.5M |
| 自由现金流率自由现金流/营收 | 11.3% | 19.6% |
| 资本支出强度资本支出/营收 | 6.8% | 2.0% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.95× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $298.1M |
8季度趋势，按日历期对齐
经营现金流CSGPEXLS
| Q4 25 | $162.1M | $117.4M | ||
| Q3 25 | $68.2M | $120.7M | ||
| Q2 25 | $146.5M | $109.4M | ||
| Q1 25 | $53.2M | $3.2M | ||
| Q4 24 | $94.6M | $105.3M | ||
| Q3 24 | $100.3M | $110.1M | ||
| Q2 24 | $58.1M | $74.9M | ||
| Q1 24 | $139.6M | $-21.9M |
自由现金流CSGPEXLS
| Q4 25 | $101.3M | $106.5M | ||
| Q3 25 | $-5.5M | $106.4M | ||
| Q2 25 | $27.7M | $95.0M | ||
| Q1 25 | $-500.0K | $-9.7M | ||
| Q4 24 | $25.2M | $95.3M | ||
| Q3 24 | $40.2M | $97.3M | ||
| Q2 24 | $-14.7M | $62.8M | ||
| Q1 24 | $-237.1M | $-33.1M |
自由现金流率CSGPEXLS
| Q4 25 | 11.3% | 19.6% | ||
| Q3 25 | -0.7% | 20.1% | ||
| Q2 25 | 3.5% | 18.5% | ||
| Q1 25 | -0.1% | -1.9% | ||
| Q4 24 | 3.6% | 19.8% | ||
| Q3 24 | 5.8% | 20.6% | ||
| Q2 24 | -2.2% | 14.0% | ||
| Q1 24 | -36.1% | -7.6% |
资本支出强度CSGPEXLS
| Q4 25 | 6.8% | 2.0% | ||
| Q3 25 | 8.8% | 2.7% | ||
| Q2 25 | 15.2% | 2.8% | ||
| Q1 25 | 7.3% | 2.6% | ||
| Q4 24 | 9.8% | 2.1% | ||
| Q3 24 | 8.7% | 2.7% | ||
| Q2 24 | 10.7% | 2.7% | ||
| Q1 24 | 57.4% | 2.6% |
现金转化率CSGPEXLS
| Q4 25 | 3.49× | 1.95× | ||
| Q3 25 | — | 2.08× | ||
| Q2 25 | 23.63× | 1.66× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | 1.58× | 2.08× | ||
| Q3 24 | 1.89× | 2.08× | ||
| Q2 24 | 3.03× | 1.63× | ||
| Q1 24 | 20.84× | -0.45× |
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% |
EXLS
| Insurance | $185.8M | 34% |
| Healthcare And Life Sciences | $142.2M | 26% |
| Banking Capital Markets And Diversified Industries | $122.6M | 23% |
| International Growth Markets | $92.0M | 17% |
