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CoStar Group（CSGP）与游戏驿站（GME）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是游戏驿站的1.1倍（$899.9M vs $821.0M），游戏驿站净利率更高（9.4% vs 5.2%，领先4.2%），CoStar Group同比增速更快（26.9% vs -4.6%），游戏驿站自由现金流更多（$107.0M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs -32.3%）
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。
游戏驿站（GameStop Corp.）是美国知名电子游戏、消费电子及游戏周边零售企业，总部位于得克萨斯州格雷普韦恩，是全球规模最大的电子游戏零售商。截至2025年2月，公司在美、加、澳及欧洲地区共运营3203家门店，旗下拥有EB Games、ThinkGeek等多个零售品牌，前身为1984年于达拉斯成立的Babbage's。
CSGP vs GME — 直观对比
营收规模更大
CSGP
是对方的1.1倍
$821.0M
营收增速更快
CSGP
高出31.4%
-4.6%
净利率更高
GME
高出4.2%
5.2%
自由现金流更多
GME
多$5.7M
$101.3M
两年增速更快
CSGP
近两年复合增速
-32.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $821.0M |
| 净利润 | $46.5M | $77.1M |
| 毛利率 | 78.6% | 33.3% |
| 营业利润率 | 5.5% | 5.0% |
| 净利率 | 5.2% | 9.4% |
| 营收同比 | 26.9% | -4.6% |
| 净利润同比 | -22.2% | 343.1% |
| 每股收益（稀释后） | $0.12 | $0.13 |
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CSGPGME
| Q4 25 | $899.9M | $821.0M | ||
| Q3 25 | $833.6M | $972.2M | ||
| Q2 25 | $781.3M | $732.4M | ||
| Q1 25 | $732.2M | $1.3B | ||
| Q4 24 | $709.4M | $860.3M | ||
| Q3 24 | $692.6M | $798.3M | ||
| Q2 24 | $677.8M | $881.8M | ||
| Q1 24 | $656.4M | $1.8B |
净利润CSGPGME
| Q4 25 | $46.5M | $77.1M | ||
| Q3 25 | $-30.9M | $168.6M | ||
| Q2 25 | $6.2M | $44.8M | ||
| Q1 25 | $-14.8M | $131.4M | ||
| Q4 24 | $59.8M | $17.4M | ||
| Q3 24 | $53.0M | $14.8M | ||
| Q2 24 | $19.2M | $-32.3M | ||
| Q1 24 | $6.7M | $63.1M |
毛利率CSGPGME
| Q4 25 | 78.6% | 33.3% | ||
| Q3 25 | 79.3% | 29.1% | ||
| Q2 25 | 78.5% | 34.5% | ||
| Q1 25 | 79.1% | 28.3% | ||
| Q4 24 | 80.1% | 29.9% | ||
| Q3 24 | 79.7% | 31.2% | ||
| Q2 24 | 80.0% | 27.7% | ||
| Q1 24 | 78.5% | 23.4% |
营业利润率CSGPGME
| Q4 25 | 5.5% | 5.0% | ||
| Q3 25 | -6.1% | 6.8% | ||
| Q2 25 | -3.5% | -1.5% | ||
| Q1 25 | -5.8% | 6.2% | ||
| Q4 24 | 5.6% | -3.9% | ||
| Q3 24 | 3.4% | -2.8% | ||
| Q2 24 | -2.4% | -5.7% | ||
| Q1 24 | -6.5% | 3.1% |
净利率CSGPGME
| Q4 25 | 5.2% | 9.4% | ||
| Q3 25 | -3.7% | 17.3% | ||
| Q2 25 | 0.8% | 6.1% | ||
| Q1 25 | -2.0% | 10.2% | ||
| Q4 24 | 8.4% | 2.0% | ||
| Q3 24 | 7.7% | 1.9% | ||
| Q2 24 | 2.8% | -3.7% | ||
| Q1 24 | 1.0% | 3.5% |
每股收益（稀释后）CSGPGME
| Q4 25 | $0.12 | $0.13 | ||
| Q3 25 | $-0.07 | $0.31 | ||
| Q2 25 | $0.01 | $0.09 | ||
| Q1 25 | $-0.04 | $0.36 | ||
| Q4 24 | $0.14 | $0.04 | ||
| Q3 24 | $0.13 | $0.04 | ||
| Q2 24 | $0.05 | $-0.11 | ||
| Q1 24 | $0.02 | $0.21 |
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 | $8.8B |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $5.3B |
| 总资产 | $10.5B | $10.6B |
| 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CSGPGME
| Q4 25 | $1.6B | $8.8B | ||
| Q3 25 | $1.9B | $8.7B | ||
| Q2 25 | $3.6B | $6.4B | ||
| Q1 25 | $3.7B | $4.8B | ||
| Q4 24 | $4.7B | $4.6B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.2B |
总债务CSGPGME
| Q4 25 | $140.0M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | $16.9M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | $28.5M |
股东权益CSGPGME
| Q4 25 | $8.3B | $5.3B | ||
| Q3 25 | $8.6B | $5.2B | ||
| Q2 25 | $8.6B | $5.0B | ||
| Q1 25 | $8.6B | $4.9B | ||
| Q4 24 | $7.6B | $4.8B | ||
| Q3 24 | $7.5B | $4.4B | ||
| Q2 24 | $7.4B | $1.3B | ||
| Q1 24 | $7.3B | $1.3B |
总资产CSGPGME
| Q4 25 | $10.5B | $10.6B | ||
| Q3 25 | $10.8B | $10.3B | ||
| Q2 25 | $10.5B | $7.5B | ||
| Q1 25 | $10.4B | $5.9B | ||
| Q4 24 | $9.3B | $6.2B | ||
| Q3 24 | $9.1B | $5.5B | ||
| Q2 24 | $9.1B | $2.6B | ||
| Q1 24 | $9.0B | $2.7B |
负债/权益比CSGPGME
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | 0.00× | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.14× | 0.02× |
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 | $111.3M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $107.0M |
| 自由现金流率自由现金流/营收 | 11.3% | 13.0% |
| 资本支出强度资本支出/营收 | 6.8% | 0.5% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $568.7M |
8季度趋势，按日历期对齐
经营现金流CSGPGME
| Q4 25 | $162.1M | $111.3M | ||
| Q3 25 | $68.2M | $117.4M | ||
| Q2 25 | $146.5M | $192.5M | ||
| Q1 25 | $53.2M | $162.3M | ||
| Q4 24 | $94.6M | $24.6M | ||
| Q3 24 | $100.3M | $68.6M | ||
| Q2 24 | $58.1M | $-109.8M | ||
| Q1 24 | $139.6M | $-11.0M |
自由现金流CSGPGME
| Q4 25 | $101.3M | $107.0M | ||
| Q3 25 | $-5.5M | $113.3M | ||
| Q2 25 | $27.7M | $189.6M | ||
| Q1 25 | $-500.0K | $158.8M | ||
| Q4 24 | $25.2M | $20.0M | ||
| Q3 24 | $40.2M | $65.5M | ||
| Q2 24 | $-14.7M | $-114.7M | ||
| Q1 24 | $-237.1M | $-18.7M |
自由现金流率CSGPGME
| Q4 25 | 11.3% | 13.0% | ||
| Q3 25 | -0.7% | 11.7% | ||
| Q2 25 | 3.5% | 25.9% | ||
| Q1 25 | -0.1% | 12.4% | ||
| Q4 24 | 3.6% | 2.3% | ||
| Q3 24 | 5.8% | 8.2% | ||
| Q2 24 | -2.2% | -13.0% | ||
| Q1 24 | -36.1% | -1.0% |
资本支出强度CSGPGME
| Q4 25 | 6.8% | 0.5% | ||
| Q3 25 | 8.8% | 0.4% | ||
| Q2 25 | 15.2% | 0.4% | ||
| Q1 25 | 7.3% | 0.3% | ||
| Q4 24 | 9.8% | 0.5% | ||
| Q3 24 | 8.7% | 0.4% | ||
| Q2 24 | 10.7% | 0.6% | ||
| Q1 24 | 57.4% | 0.4% |
现金转化率CSGPGME
| Q4 25 | 3.49× | 1.44× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | 23.63× | 4.30× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | 1.58× | 1.41× | ||
| Q3 24 | 1.89× | 4.64× | ||
| Q2 24 | 3.03× | — | ||
| Q1 24 | 20.84× | -0.17× |
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% |
GME
| Hardware And Accessories | $367.4M | 45% |
| Collectibles | $256.1M | 31% |
| Software | $197.5M | 24% |
