vs
CoStar Group（CSGP）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
格罗方德的季度营收约是CoStar Group的1.9倍（$1.7B vs $899.9M），格罗方德净利率更高（14.8% vs 5.2%，领先9.6%），CoStar Group同比增速更快（26.9% vs -2.9%），过去两年CoStar Group的营收复合增速更高（17.1% vs -4.3%）
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。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
CSGP vs GFS — 直观对比
营收规模更大
GFS
是对方的1.9倍
$899.9M
营收增速更快
CSGP
高出29.8%
-2.9%
净利率更高
GFS
高出9.6%
5.2%
两年增速更快
CSGP
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.7B |
| 净利润 | $46.5M | $249.0M |
| 毛利率 | 78.6% | 24.8% |
| 营业利润率 | 5.5% | 11.6% |
| 净利率 | 5.2% | 14.8% |
| 营收同比 | 26.9% | -2.9% |
| 净利润同比 | -22.2% | 39.9% |
| 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CSGPGFS
| Q4 25 | $899.9M | — | ||
| Q3 25 | $833.6M | $1.7B | ||
| Q2 25 | $781.3M | $1.7B | ||
| Q1 25 | $732.2M | $1.6B | ||
| Q4 24 | $709.4M | — | ||
| Q3 24 | $692.6M | $1.7B | ||
| Q2 24 | $677.8M | $1.6B | ||
| Q1 24 | $656.4M | $1.5B |
净利润CSGPGFS
| Q4 25 | $46.5M | — | ||
| Q3 25 | $-30.9M | $249.0M | ||
| Q2 25 | $6.2M | $228.0M | ||
| Q1 25 | $-14.8M | $211.0M | ||
| Q4 24 | $59.8M | — | ||
| Q3 24 | $53.0M | $178.0M | ||
| Q2 24 | $19.2M | $155.0M | ||
| Q1 24 | $6.7M | $134.0M |
毛利率CSGPGFS
| Q4 25 | 78.6% | — | ||
| Q3 25 | 79.3% | 24.8% | ||
| Q2 25 | 78.5% | 24.2% | ||
| Q1 25 | 79.1% | 22.4% | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | 79.7% | 23.8% | ||
| Q2 24 | 80.0% | 24.2% | ||
| Q1 24 | 78.5% | 25.4% |
营业利润率CSGPGFS
| Q4 25 | 5.5% | — | ||
| Q3 25 | -6.1% | 11.6% | ||
| Q2 25 | -3.5% | 11.6% | ||
| Q1 25 | -5.8% | 9.5% | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 3.4% | 10.6% | ||
| Q2 24 | -2.4% | 9.5% | ||
| Q1 24 | -6.5% | 9.5% |
净利率CSGPGFS
| Q4 25 | 5.2% | — | ||
| Q3 25 | -3.7% | 14.8% | ||
| Q2 25 | 0.8% | 13.5% | ||
| Q1 25 | -2.0% | 13.3% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 7.7% | 10.2% | ||
| Q2 24 | 2.8% | 9.5% | ||
| Q1 24 | 1.0% | 8.7% |
每股收益（稀释后）CSGPGFS
| Q4 25 | $0.12 | — | ||
| Q3 25 | $-0.07 | $0.44 | ||
| Q2 25 | $0.01 | $0.41 | ||
| Q1 25 | $-0.04 | $0.38 | ||
| Q4 24 | $0.14 | — | ||
| Q3 24 | $0.13 | $0.32 | ||
| Q2 24 | $0.05 | $0.28 | ||
| Q1 24 | $0.02 | $0.24 |
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 | $2.0B |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $11.8B |
| 总资产 | $10.5B | $16.7B |
| 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CSGPGFS
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.9B | $2.0B | ||
| Q2 25 | $3.6B | $1.8B | ||
| Q1 25 | $3.7B | $1.6B | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.2B |
总债务CSGPGFS
| 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CSGPGFS
| Q4 25 | $8.3B | — | ||
| Q3 25 | $8.6B | $11.8B | ||
| Q2 25 | $8.6B | $11.5B | ||
| Q1 25 | $8.6B | $11.1B | ||
| Q4 24 | $7.6B | — | ||
| Q3 24 | $7.5B | $11.6B | ||
| Q2 24 | $7.4B | $11.3B | ||
| Q1 24 | $7.3B | $11.3B |
总资产CSGPGFS
| Q4 25 | $10.5B | — | ||
| Q3 25 | $10.8B | $16.7B | ||
| Q2 25 | $10.5B | $16.8B | ||
| Q1 25 | $10.4B | $16.5B | ||
| Q4 24 | $9.3B | — | ||
| Q3 24 | $9.1B | $18.1B | ||
| Q2 24 | $9.1B | — | ||
| Q1 24 | $9.0B | — |
负债/权益比CSGPGFS
| 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 | $595.0M |
| 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× | 2.39× |
| 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CSGPGFS
| Q4 25 | $162.1M | — | ||
| Q3 25 | $68.2M | $595.0M | ||
| Q2 25 | $146.5M | $431.0M | ||
| Q1 25 | $53.2M | $331.0M | ||
| Q4 24 | $94.6M | — | ||
| Q3 24 | $100.3M | $375.0M | ||
| Q2 24 | $58.1M | $402.0M | ||
| Q1 24 | $139.6M | $488.0M |
自由现金流CSGPGFS
| 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CSGPGFS
| 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CSGPGFS
| 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CSGPGFS
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | 2.39× | ||
| Q2 25 | 23.63× | 1.89× | ||
| Q1 25 | — | 1.57× | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | 2.11× | ||
| Q2 24 | 3.03× | 2.59× | ||
| Q1 24 | 20.84× | 3.64× |
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% |
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
