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CoStar Group（CSGP）与Fidelity National Financial, Inc.（FNF）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Fidelity National Financial, Inc.的1.7倍（$899.9M vs $544.0M），CoStar Group净利率更高（5.2% vs -21.5%，领先26.7%），CoStar Group同比增速更快（26.9% vs 10.3%），过去两年CoStar Group的营收复合增速更高（17.1% vs 13.7%）
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。
富达国民金融是美国财富500强企业，主要面向房地产与抵押贷款行业提供产权保险及交割服务，2019年其产权及房地产业务相关年度营收约为84.69亿美元，是全球领先的产权保险服务供应商。
CSGP vs FNF — 直观对比
营收规模更大
CSGP
是对方的1.7倍
$544.0M
营收增速更快
CSGP
高出16.5%
10.3%
净利率更高
CSGP
高出26.7%
-21.5%
两年增速更快
CSGP
近两年复合增速
13.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $544.0M |
| 净利润 | $46.5M | $-117.0M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | 82.9% |
| 净利率 | 5.2% | -21.5% |
| 营收同比 | 26.9% | 10.3% |
| 净利润同比 | -22.2% | -126.0% |
| 每股收益（稀释后） | $0.12 | $-0.44 |
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CSGPFNF
| Q4 25 | $899.9M | $544.0M | ||
| Q3 25 | $833.6M | $553.0M | ||
| Q2 25 | $781.3M | $547.0M | ||
| Q1 25 | $732.2M | $455.0M | ||
| Q4 24 | $709.4M | $493.0M | ||
| Q3 24 | $692.6M | $506.0M | ||
| Q2 24 | $677.8M | $504.0M | ||
| Q1 24 | $656.4M | $421.0M |
净利润CSGPFNF
| Q4 25 | $46.5M | $-117.0M | ||
| Q3 25 | $-30.9M | $358.0M | ||
| Q2 25 | $6.2M | $278.0M | ||
| Q1 25 | $-14.8M | $83.0M | ||
| Q4 24 | $59.8M | $450.0M | ||
| Q3 24 | $53.0M | $266.0M | ||
| Q2 24 | $19.2M | $306.0M | ||
| Q1 24 | $6.7M | $248.0M |
毛利率CSGPFNF
| Q4 25 | 78.6% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 78.5% | — | ||
| Q1 25 | 79.1% | — | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | 79.7% | — | ||
| Q2 24 | 80.0% | — | ||
| Q1 24 | 78.5% | — |
营业利润率CSGPFNF
| Q4 25 | 5.5% | 82.9% | ||
| Q3 25 | -6.1% | 81.9% | ||
| Q2 25 | -3.5% | 69.8% | ||
| Q1 25 | -5.8% | 24.4% | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 3.4% | 61.9% | ||
| Q2 24 | -2.4% | 90.9% | ||
| Q1 24 | -6.5% | 78.6% |
净利率CSGPFNF
| Q4 25 | 5.2% | -21.5% | ||
| Q3 25 | -3.7% | 64.7% | ||
| Q2 25 | 0.8% | 50.8% | ||
| Q1 25 | -2.0% | 18.2% | ||
| Q4 24 | 8.4% | 91.3% | ||
| Q3 24 | 7.7% | 52.6% | ||
| Q2 24 | 2.8% | 60.7% | ||
| Q1 24 | 1.0% | 58.9% |
每股收益（稀释后）CSGPFNF
| Q4 25 | $0.12 | $-0.44 | ||
| Q3 25 | $-0.07 | $1.33 | ||
| Q2 25 | $0.01 | $1.02 | ||
| Q1 25 | $-0.04 | $0.30 | ||
| Q4 24 | $0.14 | $1.65 | ||
| Q3 24 | $0.13 | $0.97 | ||
| Q2 24 | $0.05 | $1.12 | ||
| Q1 24 | $0.02 | $0.91 |
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 | $2.6B |
| 总债务越低越好 | $140.0M | $4.4B |
| 股东权益账面价值 | $8.3B | $7.4B |
| 总资产 | $10.5B | $109.0B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资CSGPFNF
| Q4 25 | $1.6B | $2.6B | ||
| Q3 25 | $1.9B | $3.5B | ||
| Q2 25 | $3.6B | $3.3B | ||
| Q1 25 | $3.7B | $4.5B | ||
| Q4 24 | $4.7B | $3.5B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $3.5B |
总债务CSGPFNF
| Q4 25 | $140.0M | $4.4B | ||
| Q3 25 | $1.0B | $4.4B | ||
| Q2 25 | $1.0B | $4.4B | ||
| Q1 25 | $1.0B | $4.4B | ||
| Q4 24 | $1.0B | $4.3B | ||
| Q3 24 | $1.0B | $4.2B | ||
| Q2 24 | $1.0B | $4.2B | ||
| Q1 24 | $1.0B | $3.9B |
股东权益CSGPFNF
| Q4 25 | $8.3B | $7.4B | ||
| Q3 25 | $8.6B | $8.4B | ||
| Q2 25 | $8.6B | $7.9B | ||
| Q1 25 | $8.6B | $7.9B | ||
| Q4 24 | $7.6B | $7.8B | ||
| Q3 24 | $7.5B | $8.1B | ||
| Q2 24 | $7.4B | $7.3B | ||
| Q1 24 | $7.3B | $7.1B |
总资产CSGPFNF
| Q4 25 | $10.5B | $109.0B | ||
| Q3 25 | $10.8B | $106.6B | ||
| Q2 25 | $10.5B | $102.3B | ||
| Q1 25 | $10.4B | $98.2B | ||
| Q4 24 | $9.3B | $95.4B | ||
| Q3 24 | $9.1B | $94.7B | ||
| Q2 24 | $9.1B | $88.8B | ||
| Q1 24 | $9.0B | $84.5B |
负债/权益比CSGPFNF
| Q4 25 | 0.02× | 0.59× | ||
| Q3 25 | 0.12× | 0.53× | ||
| Q2 25 | 0.12× | 0.56× | ||
| Q1 25 | 0.12× | 0.56× | ||
| Q4 24 | 0.13× | 0.56× | ||
| Q3 24 | 0.13× | 0.52× | ||
| Q2 24 | 0.14× | 0.58× | ||
| Q1 24 | 0.14× | 0.55× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $101.3M | — |
| 自由现金流率自由现金流/营收 | 11.3% | — |
| 资本支出强度资本支出/营收 | 6.8% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CSGPFNF
| Q4 25 | $162.1M | $1.5B | ||
| Q3 25 | $68.2M | $1.3B | ||
| Q2 25 | $146.5M | $1.9B | ||
| Q1 25 | $53.2M | $1.1B | ||
| Q4 24 | $94.6M | $1.5B | ||
| Q3 24 | $100.3M | $2.4B | ||
| Q2 24 | $58.1M | $1.4B | ||
| Q1 24 | $139.6M | $1.6B |
自由现金流CSGPFNF
| Q4 25 | $101.3M | — | ||
| Q3 25 | $-5.5M | — | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $-500.0K | — | ||
| Q4 24 | $25.2M | — | ||
| Q3 24 | $40.2M | — | ||
| Q2 24 | $-14.7M | — | ||
| Q1 24 | $-237.1M | — |
自由现金流率CSGPFNF
| Q4 25 | 11.3% | — | ||
| Q3 25 | -0.7% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | -2.2% | — | ||
| Q1 24 | -36.1% | — |
资本支出强度CSGPFNF
| Q4 25 | 6.8% | — | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | 7.3% | — | ||
| Q4 24 | 9.8% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 57.4% | — |
现金转化率CSGPFNF
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | 3.66× | ||
| Q2 25 | 23.63× | 6.82× | ||
| Q1 25 | — | 13.43× | ||
| Q4 24 | 1.58× | 3.32× | ||
| Q3 24 | 1.89× | 8.89× | ||
| Q2 24 | 3.03× | 4.45× | ||
| Q1 24 | 20.84× | 6.42× |
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% |
FNF
| Escrow Fees | $241.0M | 44% |
| Other Title Related Fees And Income | $182.0M | 33% |
| Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees | $87.0M | 16% |
| Insurance Contracts Home Warranty | $31.0M | 6% |
