vs
CoStar Group（CSGP）与FactSet（FDS）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FactSet的1.5倍（$899.9M vs $607.6M），FactSet净利率更高（25.1% vs 5.2%，领先19.9%），CoStar Group同比增速更快（26.9% vs 6.9%），CoStar Group自由现金流更多（$101.3M vs $90.4M），过去两年CoStar Group的营收复合增速更高（17.1% vs 5.5%）
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。
FactSet是总部位于美国康涅狄格州诺沃克的金融数据与软件企业，为客户提供一体化数据及软件解决方案。2024财年，公司年度订阅价值与专业服务营收合计22亿美元，当前总市值约170亿美元。
CSGP vs FDS — 直观对比
营收规模更大
CSGP
是对方的1.5倍
$607.6M
营收增速更快
CSGP
高出20.0%
6.9%
净利率更高
FDS
高出19.9%
5.2%
自由现金流更多
CSGP
多$10.9M
$90.4M
两年增速更快
CSGP
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $607.6M |
| 净利润 | $46.5M | $152.6M |
| 毛利率 | 78.6% | 52.6% |
| 营业利润率 | 5.5% | 31.6% |
| 净利率 | 5.2% | 25.1% |
| 营收同比 | 26.9% | 6.9% |
| 净利润同比 | -22.2% | 1.7% |
| 每股收益（稀释后） | $0.12 | $4.06 |
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CSGPFDS
| Q4 25 | $899.9M | $607.6M | ||
| Q3 25 | $833.6M | $596.9M | ||
| Q2 25 | $781.3M | $585.5M | ||
| Q1 25 | $732.2M | $570.7M | ||
| Q4 24 | $709.4M | $568.7M | ||
| Q3 24 | $692.6M | $562.2M | ||
| Q2 24 | $677.8M | $552.7M | ||
| Q1 24 | $656.4M | $545.9M |
净利润CSGPFDS
| Q4 25 | $46.5M | $152.6M | ||
| Q3 25 | $-30.9M | $153.6M | ||
| Q2 25 | $6.2M | $148.5M | ||
| Q1 25 | $-14.8M | $144.9M | ||
| Q4 24 | $59.8M | $150.0M | ||
| Q3 24 | $53.0M | $89.5M | ||
| Q2 24 | $19.2M | $158.1M | ||
| Q1 24 | $6.7M | $140.9M |
毛利率CSGPFDS
| Q4 25 | 78.6% | 52.6% | ||
| Q3 25 | 79.3% | 51.6% | ||
| Q2 25 | 78.5% | 52.1% | ||
| Q1 25 | 79.1% | 52.8% | ||
| Q4 24 | 80.1% | 54.5% | ||
| Q3 24 | 79.7% | 54.1% | ||
| Q2 24 | 80.0% | 55.3% | ||
| Q1 24 | 78.5% | 53.3% |
营业利润率CSGPFDS
| Q4 25 | 5.5% | 31.6% | ||
| Q3 25 | -6.1% | 29.7% | ||
| Q2 25 | -3.5% | 33.2% | ||
| Q1 25 | -5.8% | 32.5% | ||
| Q4 24 | 5.6% | 33.6% | ||
| Q3 24 | 3.4% | 22.7% | ||
| Q2 24 | -2.4% | 36.6% | ||
| Q1 24 | -6.5% | 33.3% |
净利率CSGPFDS
| Q4 25 | 5.2% | 25.1% | ||
| Q3 25 | -3.7% | 25.7% | ||
| Q2 25 | 0.8% | 25.4% | ||
| Q1 25 | -2.0% | 25.4% | ||
| Q4 24 | 8.4% | 26.4% | ||
| Q3 24 | 7.7% | 15.9% | ||
| Q2 24 | 2.8% | 28.6% | ||
| Q1 24 | 1.0% | 25.8% |
每股收益（稀释后）CSGPFDS
| Q4 25 | $0.12 | $4.06 | ||
| Q3 25 | $-0.07 | $4.03 | ||
| Q2 25 | $0.01 | $3.87 | ||
| Q1 25 | $-0.04 | $3.76 | ||
| Q4 24 | $0.14 | $3.89 | ||
| Q3 24 | $0.13 | $2.33 | ||
| Q2 24 | $0.05 | $4.09 | ||
| Q1 24 | $0.02 | $3.65 |
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 | $292.7M |
| 总债务越低越好 | $140.0M | $1.4B |
| 股东权益账面价值 | $8.3B | $2.2B |
| 总资产 | $10.5B | $4.2B |
| 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CSGPFDS
| Q4 25 | $1.6B | $292.7M | ||
| Q3 25 | $1.9B | $355.1M | ||
| Q2 25 | $3.6B | $364.0M | ||
| Q1 25 | $3.7B | $287.0M | ||
| Q4 24 | $4.7B | $358.8M | ||
| Q3 24 | — | $492.6M | ||
| Q2 24 | — | $522.0M | ||
| Q1 24 | — | $450.2M |
总债务CSGPFDS
| Q4 25 | $140.0M | $1.4B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $1.0B | $1.4B | ||
| Q1 24 | $1.0B | $1.5B |
股东权益CSGPFDS
| Q4 25 | $8.3B | $2.2B | ||
| Q3 25 | $8.6B | $2.2B | ||
| Q2 25 | $8.6B | $2.2B | ||
| Q1 25 | $8.6B | $2.1B | ||
| Q4 24 | $7.6B | $2.0B | ||
| Q3 24 | $7.5B | $1.9B | ||
| Q2 24 | $7.4B | $1.9B | ||
| Q1 24 | $7.3B | $1.8B |
总资产CSGPFDS
| Q4 25 | $10.5B | $4.2B | ||
| Q3 25 | $10.8B | $4.3B | ||
| Q2 25 | $10.5B | $4.3B | ||
| Q1 25 | $10.4B | $4.2B | ||
| Q4 24 | $9.3B | $4.0B | ||
| Q3 24 | $9.1B | $4.1B | ||
| Q2 24 | $9.1B | $4.0B | ||
| Q1 24 | $9.0B | $4.0B |
负债/权益比CSGPFDS
| Q4 25 | 0.02× | 0.63× | ||
| Q3 25 | 0.12× | 0.63× | ||
| Q2 25 | 0.12× | 0.66× | ||
| Q1 25 | 0.12× | 0.72× | ||
| Q4 24 | 0.13× | 0.68× | ||
| Q3 24 | 0.13× | 0.71× | ||
| Q2 24 | 0.14× | 0.76× | ||
| Q1 24 | 0.14× | 0.83× |
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 | $121.3M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $90.4M |
| 自由现金流率自由现金流/营收 | 11.3% | 14.9% |
| 资本支出强度资本支出/营收 | 6.8% | 5.1% |
| 现金转化率经营现金流/净利润 | 3.49× | 0.79× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $647.4M |
8季度趋势，按日历期对齐
经营现金流CSGPFDS
| Q4 25 | $162.1M | $121.3M | ||
| Q3 25 | $68.2M | $212.1M | ||
| Q2 25 | $146.5M | $253.8M | ||
| Q1 25 | $53.2M | $174.0M | ||
| Q4 24 | $94.6M | $86.4M | ||
| Q3 24 | $100.3M | $163.2M | ||
| Q2 24 | $58.1M | $238.2M | ||
| Q1 24 | $139.6M | $143.8M |
自由现金流CSGPFDS
| Q4 25 | $101.3M | $90.4M | ||
| Q3 25 | $-5.5M | $178.1M | ||
| Q2 25 | $27.7M | $228.6M | ||
| Q1 25 | $-500.0K | $150.2M | ||
| Q4 24 | $25.2M | $60.5M | ||
| Q3 24 | $40.2M | $137.2M | ||
| Q2 24 | $-14.7M | $216.9M | ||
| Q1 24 | $-237.1M | $121.9M |
自由现金流率CSGPFDS
| Q4 25 | 11.3% | 14.9% | ||
| Q3 25 | -0.7% | 29.8% | ||
| Q2 25 | 3.5% | 39.0% | ||
| Q1 25 | -0.1% | 26.3% | ||
| Q4 24 | 3.6% | 10.6% | ||
| Q3 24 | 5.8% | 24.4% | ||
| Q2 24 | -2.2% | 39.2% | ||
| Q1 24 | -36.1% | 22.3% |
资本支出强度CSGPFDS
| Q4 25 | 6.8% | 5.1% | ||
| Q3 25 | 8.8% | 5.7% | ||
| Q2 25 | 15.2% | 4.3% | ||
| Q1 25 | 7.3% | 4.2% | ||
| Q4 24 | 9.8% | 4.5% | ||
| Q3 24 | 8.7% | 4.6% | ||
| Q2 24 | 10.7% | 3.9% | ||
| Q1 24 | 57.4% | 4.0% |
现金转化率CSGPFDS
| Q4 25 | 3.49× | 0.79× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | 23.63× | 1.71× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 1.58× | 0.58× | ||
| Q3 24 | 1.89× | 1.82× | ||
| Q2 24 | 3.03× | 1.51× | ||
| Q1 24 | 20.84× | 1.02× |
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% |
FDS
| Americas Segment | $399.7M | 66% |
| EMEA Segment | $149.1M | 25% |
| Asia Pacific Segment | $62.2M | 10% |
