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CoStar Group（CSGP）与Freedom Holding Corp.（FRHC）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Freedom Holding Corp.的1.4倍（$899.9M vs $628.6M），Freedom Holding Corp.净利率更高（12.1% vs 5.2%，领先7.0%），CoStar Group同比增速更快（26.9% vs -4.1%），Freedom Holding Corp.自由现金流更多（$651.7M vs $101.3M），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。
Freedom Holding Corp.是在美国内华达州注册的投资集团，业务覆盖零售证券经纪交易、资产管理、资本市场服务、投研咨询、投行承销、抵押贷款、保险、银行及其他消费金融服务，核心布局美股、欧洲及以哈萨克斯坦为核心的中亚市场。
CSGP vs FRHC — 直观对比
营收规模更大
CSGP
是对方的1.4倍
$628.6M
营收增速更快
CSGP
高出30.9%
-4.1%
净利率更高
FRHC
高出7.0%
5.2%
自由现金流更多
FRHC
多$550.4M
$101.3M
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 | $628.6M |
| 净利润 | $46.5M | $76.2M |
| 毛利率 | 78.6% | 96.0% |
| 营业利润率 | 5.5% | 14.9% |
| 净利率 | 5.2% | 12.1% |
| 营收同比 | 26.9% | -4.1% |
| 净利润同比 | -22.2% | -2.6% |
| 每股收益（稀释后） | $0.12 | $1.25 |
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CSGPFRHC
| Q4 25 | $899.9M | $628.6M | ||
| Q3 25 | $833.6M | $526.1M | ||
| Q2 25 | $781.3M | $533.4M | ||
| Q1 25 | $732.2M | $363.7M | ||
| Q4 24 | $709.4M | $655.2M | ||
| Q3 24 | $692.6M | $580.9M | ||
| Q2 24 | $677.8M | $450.7M | ||
| Q1 24 | $656.4M | $464.7M |
净利润CSGPFRHC
| Q4 25 | $46.5M | $76.2M | ||
| Q3 25 | $-30.9M | $38.7M | ||
| Q2 25 | $6.2M | $30.4M | ||
| Q1 25 | $-14.8M | $-142.7M | ||
| Q4 24 | $59.8M | $78.3M | ||
| Q3 24 | $53.0M | $114.7M | ||
| Q2 24 | $19.2M | $34.4M | ||
| Q1 24 | $6.7M | $95.2M |
毛利率CSGPFRHC
| Q4 25 | 78.6% | 96.0% | ||
| Q3 25 | 79.3% | 97.1% | ||
| Q2 25 | 78.5% | 97.4% | ||
| Q1 25 | 79.1% | 96.6% | ||
| Q4 24 | 80.1% | 98.6% | ||
| Q3 24 | 79.7% | 99.1% | ||
| Q2 24 | 80.0% | 99.0% | ||
| Q1 24 | 78.5% | — |
营业利润率CSGPFRHC
| Q4 25 | 5.5% | 14.9% | ||
| Q3 25 | -6.1% | 11.5% | ||
| Q2 25 | -3.5% | 7.6% | ||
| Q1 25 | -5.8% | -42.7% | ||
| Q4 24 | 5.6% | 15.0% | ||
| Q3 24 | 3.4% | 22.1% | ||
| Q2 24 | -2.4% | 9.2% | ||
| Q1 24 | -6.5% | 22.5% |
净利率CSGPFRHC
| Q4 25 | 5.2% | 12.1% | ||
| Q3 25 | -3.7% | 7.4% | ||
| Q2 25 | 0.8% | 5.7% | ||
| Q1 25 | -2.0% | -39.2% | ||
| Q4 24 | 8.4% | 11.9% | ||
| Q3 24 | 7.7% | 19.7% | ||
| Q2 24 | 2.8% | 7.6% | ||
| Q1 24 | 1.0% | 20.5% |
每股收益（稀释后）CSGPFRHC
| Q4 25 | $0.12 | $1.25 | ||
| Q3 25 | $-0.07 | $0.63 | ||
| Q2 25 | $0.01 | $0.50 | ||
| Q1 25 | $-0.04 | $-2.35 | ||
| Q4 24 | $0.14 | $1.29 | ||
| Q3 24 | $0.13 | $1.89 | ||
| Q2 24 | $0.05 | $0.57 | ||
| Q1 24 | $0.02 | $1.60 |
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 | $869.2M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $1.4B |
| 总资产 | $10.5B | $12.4B |
| 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CSGPFRHC
| Q4 25 | $1.6B | $869.2M | ||
| Q3 25 | $1.9B | $636.0M | ||
| Q2 25 | $3.6B | $567.9M | ||
| Q1 25 | $3.7B | $837.3M | ||
| Q4 24 | $4.7B | $577.9M | ||
| Q3 24 | — | $569.2M | ||
| Q2 24 | — | $718.7M | ||
| Q1 24 | — | $545.1M |
总债务CSGPFRHC
| 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CSGPFRHC
| Q4 25 | $8.3B | $1.4B | ||
| Q3 25 | $8.6B | $1.2B | ||
| Q2 25 | $8.6B | $1.2B | ||
| Q1 25 | $8.6B | $1.2B | ||
| Q4 24 | $7.6B | $1.3B | ||
| Q3 24 | $7.5B | $1.3B | ||
| Q2 24 | $7.4B | $1.1B | ||
| Q1 24 | $7.3B | $1.2B |
总资产CSGPFRHC
| Q4 25 | $10.5B | $12.4B | ||
| Q3 25 | $10.8B | $10.3B | ||
| Q2 25 | $10.5B | $9.7B | ||
| Q1 25 | $10.4B | $9.9B | ||
| Q4 24 | $9.3B | $9.1B | ||
| Q3 24 | $9.1B | $8.8B | ||
| Q2 24 | $9.1B | $8.5B | ||
| Q1 24 | $9.0B | $8.3B |
负债/权益比CSGPFRHC
| 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 | $717.8M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $651.7M |
| 自由现金流率自由现金流/营收 | 11.3% | 103.7% |
| 资本支出强度资本支出/营收 | 6.8% | 10.5% |
| 现金转化率经营现金流/净利润 | 3.49× | 9.42× |
| 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CSGPFRHC
| Q4 25 | $162.1M | $717.8M | ||
| Q3 25 | $68.2M | $535.3M | ||
| Q2 25 | $146.5M | $480.8M | ||
| Q1 25 | $53.2M | $1.3B | ||
| Q4 24 | $94.6M | $-72.8M | ||
| Q3 24 | $100.3M | $-438.0M | ||
| Q2 24 | $58.1M | $854.1M | ||
| Q1 24 | $139.6M | $309.0M |
自由现金流CSGPFRHC
| Q4 25 | $101.3M | $651.7M | ||
| Q3 25 | $-5.5M | $456.4M | ||
| Q2 25 | $27.7M | $450.0M | ||
| Q1 25 | $-500.0K | — | ||
| Q4 24 | $25.2M | $-92.7M | ||
| Q3 24 | $40.2M | $-447.5M | ||
| Q2 24 | $-14.7M | $829.9M | ||
| Q1 24 | $-237.1M | — |
自由现金流率CSGPFRHC
| Q4 25 | 11.3% | 103.7% | ||
| Q3 25 | -0.7% | 86.7% | ||
| Q2 25 | 3.5% | 84.4% | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | 3.6% | -14.1% | ||
| Q3 24 | 5.8% | -77.0% | ||
| Q2 24 | -2.2% | 184.1% | ||
| Q1 24 | -36.1% | — |
资本支出强度CSGPFRHC
| Q4 25 | 6.8% | 10.5% | ||
| Q3 25 | 8.8% | 15.0% | ||
| Q2 25 | 15.2% | 5.8% | ||
| Q1 25 | 7.3% | — | ||
| Q4 24 | 9.8% | 3.0% | ||
| Q3 24 | 8.7% | 1.6% | ||
| Q2 24 | 10.7% | 5.4% | ||
| Q1 24 | 57.4% | — |
现金转化率CSGPFRHC
| Q4 25 | 3.49× | 9.42× | ||
| Q3 25 | — | 13.82× | ||
| Q2 25 | 23.63× | 15.82× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | -0.93× | ||
| Q3 24 | 1.89× | -3.82× | ||
| Q2 24 | 3.03× | 24.83× | ||
| Q1 24 | 20.84× | 3.24× |
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% |
FRHC
暂无分部数据
