vs
CoStar Group（CSGP）与佳明（GRMN）财务数据对比。点击上方公司名可切换其他公司
佳明的季度营收约是CoStar Group的1.9倍（$1.8B vs $899.9M），佳明净利率更高（23.1% vs 5.2%，领先17.9%），CoStar Group同比增速更快（26.9% vs 14.0%），佳明自由现金流更多（$469.4M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs 7.9%）
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。
佳明（Garmin）是总部位于美国堪萨斯州奥拉西的跨国科技企业，专注于设计、研发、生产及销售GPS功能产品，以及导航、通讯、传感类信息产品，业务覆盖汽车、航空、航海、户外、运动健身等多个领域。
CSGP vs GRMN — 直观对比
营收规模更大
GRMN
是对方的1.9倍
$899.9M
营收增速更快
CSGP
高出12.9%
14.0%
净利率更高
GRMN
高出17.9%
5.2%
自由现金流更多
GRMN
多$368.1M
$101.3M
两年增速更快
CSGP
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.8B |
| 净利润 | $46.5M | $405.1M |
| 毛利率 | 78.6% | 59.4% |
| 营业利润率 | 5.5% | 24.6% |
| 净利率 | 5.2% | 23.1% |
| 营收同比 | 26.9% | 14.0% |
| 净利润同比 | -22.2% | 21.7% |
| 每股收益（稀释后） | $0.12 | $2.09 |
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CSGPGRMN
| Q1 26 | — | $1.8B | ||
| Q4 25 | $899.9M | $2.1B | ||
| Q3 25 | $833.6M | $1.8B | ||
| Q2 25 | $781.3M | $1.8B | ||
| Q1 25 | $732.2M | $1.5B | ||
| Q4 24 | $709.4M | $1.8B | ||
| Q3 24 | $692.6M | $1.6B | ||
| Q2 24 | $677.8M | $1.5B |
净利润CSGPGRMN
| Q1 26 | — | $405.1M | ||
| Q4 25 | $46.5M | $528.7M | ||
| Q3 25 | $-30.9M | $401.6M | ||
| Q2 25 | $6.2M | $400.8M | ||
| Q1 25 | $-14.8M | $332.8M | ||
| Q4 24 | $59.8M | $435.7M | ||
| Q3 24 | $53.0M | $399.1M | ||
| Q2 24 | $19.2M | $300.6M |
毛利率CSGPGRMN
| Q1 26 | — | 59.4% | ||
| Q4 25 | 78.6% | 59.2% | ||
| Q3 25 | 79.3% | 59.1% | ||
| Q2 25 | 78.5% | 58.8% | ||
| Q1 25 | 79.1% | 57.6% | ||
| Q4 24 | 80.1% | 59.3% | ||
| Q3 24 | 79.7% | 60.0% | ||
| Q2 24 | 80.0% | 57.3% |
营业利润率CSGPGRMN
| Q1 26 | — | 24.6% | ||
| Q4 25 | 5.5% | 28.9% | ||
| Q3 25 | -6.1% | 25.8% | ||
| Q2 25 | -3.5% | 26.0% | ||
| Q1 25 | -5.8% | 21.7% | ||
| Q4 24 | 5.6% | 28.3% | ||
| Q3 24 | 3.4% | 27.6% | ||
| Q2 24 | -2.4% | 22.7% |
净利率CSGPGRMN
| Q1 26 | — | 23.1% | ||
| Q4 25 | 5.2% | 24.9% | ||
| Q3 25 | -3.7% | 22.7% | ||
| Q2 25 | 0.8% | 22.1% | ||
| Q1 25 | -2.0% | 21.7% | ||
| Q4 24 | 8.4% | 23.9% | ||
| Q3 24 | 7.7% | 25.2% | ||
| Q2 24 | 2.8% | 20.0% |
每股收益（稀释后）CSGPGRMN
| Q1 26 | — | $2.09 | ||
| Q4 25 | $0.12 | $2.72 | ||
| Q3 25 | $-0.07 | $2.08 | ||
| Q2 25 | $0.01 | $2.07 | ||
| Q1 25 | $-0.04 | $1.72 | ||
| Q4 24 | $0.14 | $2.24 | ||
| Q3 24 | $0.13 | $2.07 | ||
| Q2 24 | $0.05 | $1.56 |
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 | $2.3B |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | — |
| 总资产 | $10.5B | $11.0B |
| 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CSGPGRMN
| Q1 26 | — | $2.3B | ||
| Q4 25 | $1.6B | $2.3B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $3.6B | $2.1B | ||
| Q1 25 | $3.7B | $2.2B | ||
| Q4 24 | $4.7B | $2.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.9B |
总债务CSGPGRMN
| Q1 26 | — | — | ||
| 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 | — |
股东权益CSGPGRMN
| Q1 26 | — | — | ||
| Q4 25 | $8.3B | $9.0B | ||
| Q3 25 | $8.6B | $8.5B | ||
| Q2 25 | $8.6B | $8.1B | ||
| Q1 25 | $8.6B | $8.2B | ||
| Q4 24 | $7.6B | $7.8B | ||
| Q3 24 | $7.5B | $7.5B | ||
| Q2 24 | $7.4B | $7.0B |
总资产CSGPGRMN
| Q1 26 | — | $11.0B | ||
| Q4 25 | $10.5B | $11.0B | ||
| Q3 25 | $10.8B | $10.5B | ||
| Q2 25 | $10.5B | $10.3B | ||
| Q1 25 | $10.4B | $9.8B | ||
| Q4 24 | $9.3B | $9.6B | ||
| Q3 24 | $9.1B | $9.3B | ||
| Q2 24 | $9.1B | $8.9B |
负债/权益比CSGPGRMN
| Q1 26 | — | — | ||
| 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× | — |
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 | $536.0M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $469.4M |
| 自由现金流率自由现金流/营收 | 11.3% | 26.8% |
| 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× | 1.32× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $1.5B |
8季度趋势，按日历期对齐
经营现金流CSGPGRMN
| Q1 26 | — | $536.0M | ||
| Q4 25 | $162.1M | $553.8M | ||
| Q3 25 | $68.2M | $485.6M | ||
| Q2 25 | $146.5M | $173.2M | ||
| Q1 25 | $53.2M | $420.8M | ||
| Q4 24 | $94.6M | $483.9M | ||
| Q3 24 | $100.3M | $258.0M | ||
| Q2 24 | $58.1M | $255.3M |
自由现金流CSGPGRMN
| Q1 26 | — | $469.4M | ||
| Q4 25 | $101.3M | $429.6M | ||
| Q3 25 | $-5.5M | $425.1M | ||
| Q2 25 | $27.7M | $127.5M | ||
| Q1 25 | $-500.0K | $380.7M | ||
| Q4 24 | $25.2M | $399.2M | ||
| Q3 24 | $40.2M | $219.4M | ||
| Q2 24 | $-14.7M | $218.2M |
自由现金流率CSGPGRMN
| Q1 26 | — | 26.8% | ||
| Q4 25 | 11.3% | 20.2% | ||
| Q3 25 | -0.7% | 24.0% | ||
| Q2 25 | 3.5% | 7.0% | ||
| Q1 25 | -0.1% | 24.8% | ||
| Q4 24 | 3.6% | 21.9% | ||
| Q3 24 | 5.8% | 13.8% | ||
| Q2 24 | -2.2% | 14.5% |
资本支出强度CSGPGRMN
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 5.8% | ||
| Q3 25 | 8.8% | 3.4% | ||
| Q2 25 | 15.2% | 2.5% | ||
| Q1 25 | 7.3% | 2.6% | ||
| Q4 24 | 9.8% | 4.6% | ||
| Q3 24 | 8.7% | 2.4% | ||
| Q2 24 | 10.7% | 2.5% |
现金转化率CSGPGRMN
| Q1 26 | — | 1.32× | ||
| Q4 25 | 3.49× | 1.05× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | 23.63× | 0.43× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | 1.58× | 1.11× | ||
| Q3 24 | 1.89× | 0.65× | ||
| Q2 24 | 3.03× | 0.85× |
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% |
GRMN
暂无分部数据
