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CoStar Group（CSGP）与Acushnet Holdings Corp.（GOLF）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Acushnet Holdings Corp.的1.9倍（$899.9M vs $477.2M），CoStar Group净利率更高（5.2% vs -7.3%，领先12.5%），CoStar Group同比增速更快（26.9% vs 7.2%），CoStar Group自由现金流更多（$101.3M vs $-23.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs -17.9%）
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。
Acushnet Holdings Corp.是一家专注于高尔夫赛道的美国企业，旗下运营多个知名品牌，产品品类覆盖高尔夫专业器材、运动服饰及相关配件，为全球高尔夫运动爱好者提供多元化的相关产品选择。
CSGP vs GOLF — 直观对比
营收规模更大
CSGP
是对方的1.9倍
$477.2M
营收增速更快
CSGP
高出19.7%
7.2%
净利率更高
CSGP
高出12.5%
-7.3%
自由现金流更多
CSGP
多$124.6M
$-23.3M
两年增速更快
CSGP
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $477.2M |
| 净利润 | $46.5M | $-34.9M |
| 毛利率 | 78.6% | 44.1% |
| 营业利润率 | 5.5% | -3.8% |
| 净利率 | 5.2% | -7.3% |
| 营收同比 | 26.9% | 7.2% |
| 净利润同比 | -22.2% | -3027.3% |
| 每股收益（稀释后） | $0.12 | $-0.57 |
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CSGPGOLF
| Q4 25 | $899.9M | $477.2M | ||
| Q3 25 | $833.6M | $657.7M | ||
| Q2 25 | $781.3M | $720.5M | ||
| Q1 25 | $732.2M | $703.4M | ||
| Q4 24 | $709.4M | $445.2M | ||
| Q3 24 | $692.6M | $620.5M | ||
| Q2 24 | $677.8M | $683.9M | ||
| Q1 24 | $656.4M | $707.6M |
净利润CSGPGOLF
| Q4 25 | $46.5M | $-34.9M | ||
| Q3 25 | $-30.9M | $48.5M | ||
| Q2 25 | $6.2M | $75.6M | ||
| Q1 25 | $-14.8M | $99.4M | ||
| Q4 24 | $59.8M | $-1.1M | ||
| Q3 24 | $53.0M | $56.2M | ||
| Q2 24 | $19.2M | $71.4M | ||
| Q1 24 | $6.7M | $87.8M |
毛利率CSGPGOLF
| Q4 25 | 78.6% | 44.1% | ||
| Q3 25 | 79.3% | 48.5% | ||
| Q2 25 | 78.5% | 49.2% | ||
| Q1 25 | 79.1% | 47.9% | ||
| Q4 24 | 80.1% | 22.6% | ||
| Q3 24 | 79.7% | 54.4% | ||
| Q2 24 | 80.0% | 54.4% | ||
| Q1 24 | 78.5% | 53.4% |
营业利润率CSGPGOLF
| Q4 25 | 5.5% | -3.8% | ||
| Q3 25 | -6.1% | 14.1% | ||
| Q2 25 | -3.5% | 15.2% | ||
| Q1 25 | -5.8% | 16.3% | ||
| Q4 24 | 5.6% | -1.2% | ||
| Q3 24 | 3.4% | 13.2% | ||
| Q2 24 | -2.4% | 15.5% | ||
| Q1 24 | -6.5% | 17.2% |
净利率CSGPGOLF
| Q4 25 | 5.2% | -7.3% | ||
| Q3 25 | -3.7% | 7.4% | ||
| Q2 25 | 0.8% | 10.5% | ||
| Q1 25 | -2.0% | 14.1% | ||
| Q4 24 | 8.4% | -0.3% | ||
| Q3 24 | 7.7% | 9.1% | ||
| Q2 24 | 2.8% | 10.4% | ||
| Q1 24 | 1.0% | 12.4% |
每股收益（稀释后）CSGPGOLF
| Q4 25 | $0.12 | $-0.57 | ||
| Q3 25 | $-0.07 | $0.81 | ||
| Q2 25 | $0.01 | $1.25 | ||
| Q1 25 | $-0.04 | $1.62 | ||
| Q4 24 | $0.14 | $0.02 | ||
| Q3 24 | $0.13 | $0.89 | ||
| Q2 24 | $0.05 | $1.11 | ||
| Q1 24 | $0.02 | $1.35 |
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 | — |
| 总债务越低越好 | $140.0M | $926.2M |
| 股东权益账面价值 | $8.3B | $783.6M |
| 总资产 | $10.5B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.02× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资CSGPGOLF
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务CSGPGOLF
| Q4 25 | $140.0M | $926.2M | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | $753.1M | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益CSGPGOLF
| Q4 25 | $8.3B | $783.6M | ||
| Q3 25 | $8.6B | $852.3M | ||
| Q2 25 | $8.6B | $808.5M | ||
| Q1 25 | $8.6B | $780.3M | ||
| Q4 24 | $7.6B | $765.2M | ||
| Q3 24 | $7.5B | $863.9M | ||
| Q2 24 | $7.4B | $863.7M | ||
| Q1 24 | $7.3B | $883.7M |
总资产CSGPGOLF
| Q4 25 | $10.5B | $2.3B | ||
| Q3 25 | $10.8B | $2.4B | ||
| Q2 25 | $10.5B | $2.4B | ||
| Q1 25 | $10.4B | $2.4B | ||
| Q4 24 | $9.3B | $2.2B | ||
| Q3 24 | $9.1B | $2.3B | ||
| Q2 24 | $9.1B | $2.3B | ||
| Q1 24 | $9.0B | $2.4B |
负债/权益比CSGPGOLF
| Q4 25 | 0.02× | 1.18× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.13× | 0.98× | ||
| 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 | $-338.0K |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $-23.3M |
| 自由现金流率自由现金流/营收 | 11.3% | -4.9% |
| 资本支出强度资本支出/营收 | 6.8% | 4.8% |
| 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 | $120.0M |
8季度趋势，按日历期对齐
经营现金流CSGPGOLF
| Q4 25 | $162.1M | $-338.0K | ||
| Q3 25 | $68.2M | $163.1M | ||
| Q2 25 | $146.5M | $151.9M | ||
| Q1 25 | $53.2M | $-120.3M | ||
| Q4 24 | $94.6M | $-1.1M | ||
| Q3 24 | $100.3M | $144.1M | ||
| Q2 24 | $58.1M | $211.6M | ||
| Q1 24 | $139.6M | $-109.5M |
自由现金流CSGPGOLF
| Q4 25 | $101.3M | $-23.3M | ||
| Q3 25 | $-5.5M | $136.9M | ||
| Q2 25 | $27.7M | $138.0M | ||
| Q1 25 | $-500.0K | $-131.5M | ||
| Q4 24 | $25.2M | $-33.2M | ||
| Q3 24 | $40.2M | $123.7M | ||
| Q2 24 | $-14.7M | $196.8M | ||
| Q1 24 | $-237.1M | $-116.8M |
自由现金流率CSGPGOLF
| Q4 25 | 11.3% | -4.9% | ||
| Q3 25 | -0.7% | 20.8% | ||
| Q2 25 | 3.5% | 19.2% | ||
| Q1 25 | -0.1% | -18.7% | ||
| Q4 24 | 3.6% | -7.5% | ||
| Q3 24 | 5.8% | 19.9% | ||
| Q2 24 | -2.2% | 28.8% | ||
| Q1 24 | -36.1% | -16.5% |
资本支出强度CSGPGOLF
| Q4 25 | 6.8% | 4.8% | ||
| Q3 25 | 8.8% | 4.0% | ||
| Q2 25 | 15.2% | 1.9% | ||
| Q1 25 | 7.3% | 1.6% | ||
| Q4 24 | 9.8% | 7.2% | ||
| Q3 24 | 8.7% | 3.3% | ||
| Q2 24 | 10.7% | 2.2% | ||
| Q1 24 | 57.4% | 1.0% |
现金转化率CSGPGOLF
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | 23.63× | 2.01× | ||
| Q1 25 | — | -1.21× | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | 2.56× | ||
| Q2 24 | 3.03× | 2.96× | ||
| Q1 24 | 20.84× | -1.25× |
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% |
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
