vs
CoStar Group（CSGP）与HOVNANIAN ENTERPRISES INC（HOV）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HOVNANIAN ENTERPRISES INC的1.1倍（$899.9M vs $817.9M），CoStar Group净利率更高（5.2% vs -0.1%，领先5.2%），CoStar Group同比增速更快（26.9% vs -16.5%），HOVNANIAN ENTERPRISES INC自由现金流更多（$164.0M vs $101.3M），过去两年HOVNANIAN ENTERPRISES INC的营收复合增速更高（17.3% vs 17.1%）
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。
霍夫纳尼安企业是美国知名房地产企业，业务覆盖住宅开发全流程，包含设计、建造与销售，产品线丰富，不仅开发独立独栋住宅，也开发联排别墅、公寓以及养老住宅等高密度居住物业。
CSGP vs HOV — 直观对比
营收规模更大
CSGP
是对方的1.1倍
$817.9M
营收增速更快
CSGP
高出43.4%
-16.5%
净利率更高
CSGP
高出5.2%
-0.1%
自由现金流更多
HOV
多$62.7M
$101.3M
两年增速更快
HOV
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $817.9M |
| 净利润 | $46.5M | $-667.0K |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | -0.5% |
| 净利率 | 5.2% | -0.1% |
| 营收同比 | 26.9% | -16.5% |
| 净利润同比 | -22.2% | -100.7% |
| 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CSGPHOV
| Q4 25 | $899.9M | $817.9M | ||
| Q3 25 | $833.6M | $800.6M | ||
| Q2 25 | $781.3M | $686.5M | ||
| Q1 25 | $732.2M | $673.6M | ||
| Q4 24 | $709.4M | $979.6M | ||
| Q3 24 | $692.6M | $722.7M | ||
| Q2 24 | $677.8M | $708.4M | ||
| Q1 24 | $656.4M | $594.2M |
净利润CSGPHOV
| Q4 25 | $46.5M | $-667.0K | ||
| Q3 25 | $-30.9M | $16.6M | ||
| Q2 25 | $6.2M | $19.7M | ||
| Q1 25 | $-14.8M | $28.2M | ||
| Q4 24 | $59.8M | $94.3M | ||
| Q3 24 | $53.0M | $72.9M | ||
| Q2 24 | $19.2M | $50.8M | ||
| Q1 24 | $6.7M | $23.9M |
毛利率CSGPHOV
| Q4 25 | 78.6% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 78.5% | — | ||
| Q1 25 | 79.1% | — | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | 79.7% | — | ||
| Q2 24 | 80.0% | — | ||
| Q1 24 | 78.5% | — |
营业利润率CSGPHOV
| Q4 25 | 5.5% | -0.5% | ||
| Q3 25 | -6.1% | 3.0% | ||
| Q2 25 | -3.5% | 3.9% | ||
| Q1 25 | -5.8% | 5.9% | ||
| Q4 24 | 5.6% | 12.0% | ||
| Q3 24 | 3.4% | 13.5% | ||
| Q2 24 | -2.4% | 9.8% | ||
| Q1 24 | -6.5% | 5.5% |
净利率CSGPHOV
| Q4 25 | 5.2% | -0.1% | ||
| Q3 25 | -3.7% | 2.1% | ||
| Q2 25 | 0.8% | 2.9% | ||
| Q1 25 | -2.0% | 4.2% | ||
| Q4 24 | 8.4% | 9.6% | ||
| Q3 24 | 7.7% | 10.1% | ||
| Q2 24 | 2.8% | 7.2% | ||
| Q1 24 | 1.0% | 4.0% |
每股收益（稀释后）CSGPHOV
| Q4 25 | $0.12 | $-0.57 | ||
| Q3 25 | $-0.07 | $1.99 | ||
| Q2 25 | $0.01 | $2.43 | ||
| Q1 25 | $-0.04 | $3.58 | ||
| Q4 24 | $0.14 | $12.47 | ||
| Q3 24 | $0.13 | $9.75 | ||
| Q2 24 | $0.05 | $6.66 | ||
| Q1 24 | $0.02 | $2.91 |
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 | $900.7M |
| 股东权益账面价值 | $8.3B | $830.9M |
| 总资产 | $10.5B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.02× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资CSGPHOV
| 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CSGPHOV
| Q4 25 | $140.0M | $900.7M | ||
| Q3 25 | $1.0B | $861.9M | ||
| Q2 25 | $1.0B | $864.3M | ||
| Q1 25 | $1.0B | $893.7M | ||
| Q4 24 | $1.0B | $896.2M | ||
| Q3 24 | $1.0B | $898.7M | ||
| Q2 24 | $1.0B | $933.0M | ||
| Q1 24 | $1.0B | $934.6M |
股东权益CSGPHOV
| Q4 25 | $8.3B | $830.9M | ||
| Q3 25 | $8.6B | $835.4M | ||
| Q2 25 | $8.6B | $820.4M | ||
| Q1 25 | $8.6B | $811.4M | ||
| Q4 24 | $7.6B | $800.3M | ||
| Q3 24 | $7.5B | $703.4M | ||
| Q2 24 | $7.4B | $647.0M | ||
| Q1 24 | $7.3B | $607.1M |
总资产CSGPHOV
| Q4 25 | $10.5B | $2.6B | ||
| Q3 25 | $10.8B | $2.6B | ||
| Q2 25 | $10.5B | $2.6B | ||
| Q1 25 | $10.4B | $2.5B | ||
| Q4 24 | $9.3B | $2.6B | ||
| Q3 24 | $9.1B | $2.5B | ||
| Q2 24 | $9.1B | $2.3B | ||
| Q1 24 | $9.0B | $2.3B |
负债/权益比CSGPHOV
| Q4 25 | 0.02× | 1.08× | ||
| Q3 25 | 0.12× | 1.03× | ||
| Q2 25 | 0.12× | 1.05× | ||
| Q1 25 | 0.12× | 1.10× | ||
| Q4 24 | 0.13× | 1.12× | ||
| Q3 24 | 0.13× | 1.28× | ||
| Q2 24 | 0.14× | 1.44× | ||
| Q1 24 | 0.14× | 1.54× |
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 | $169.1M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $164.0M |
| 自由现金流率自由现金流/营收 | 11.3% | 20.0% |
| 资本支出强度资本支出/营收 | 6.8% | 0.6% |
| 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 | $166.2M |
8季度趋势，按日历期对齐
经营现金流CSGPHOV
| Q4 25 | $162.1M | $169.1M | ||
| Q3 25 | $68.2M | $52.8M | ||
| Q2 25 | $146.5M | $22.3M | ||
| Q1 25 | $53.2M | $-55.9M | ||
| Q4 24 | $94.6M | $115.8M | ||
| Q3 24 | $100.3M | $-92.3M | ||
| Q2 24 | $58.1M | $89.1M | ||
| Q1 24 | $139.6M | $-89.0M |
自由现金流CSGPHOV
| Q4 25 | $101.3M | $164.0M | ||
| Q3 25 | $-5.5M | $45.8M | ||
| Q2 25 | $27.7M | $16.0M | ||
| Q1 25 | $-500.0K | $-59.6M | ||
| Q4 24 | $25.2M | $111.4M | ||
| Q3 24 | $40.2M | $-95.8M | ||
| Q2 24 | $-14.7M | $84.7M | ||
| Q1 24 | $-237.1M | $-94.4M |
自由现金流率CSGPHOV
| Q4 25 | 11.3% | 20.0% | ||
| Q3 25 | -0.7% | 5.7% | ||
| Q2 25 | 3.5% | 2.3% | ||
| Q1 25 | -0.1% | -8.8% | ||
| Q4 24 | 3.6% | 11.4% | ||
| Q3 24 | 5.8% | -13.3% | ||
| Q2 24 | -2.2% | 12.0% | ||
| Q1 24 | -36.1% | -15.9% |
资本支出强度CSGPHOV
| Q4 25 | 6.8% | 0.6% | ||
| Q3 25 | 8.8% | 0.9% | ||
| Q2 25 | 15.2% | 0.9% | ||
| Q1 25 | 7.3% | 0.5% | ||
| Q4 24 | 9.8% | 0.5% | ||
| Q3 24 | 8.7% | 0.5% | ||
| Q2 24 | 10.7% | 0.6% | ||
| Q1 24 | 57.4% | 0.9% |
现金转化率CSGPHOV
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | 3.18× | ||
| Q2 25 | 23.63× | 1.13× | ||
| Q1 25 | — | -1.98× | ||
| Q4 24 | 1.58× | 1.23× | ||
| Q3 24 | 1.89× | -1.27× | ||
| Q2 24 | 3.03× | 1.75× | ||
| Q1 24 | 20.84× | -3.72× |
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% |
HOV
| Home Building | $789.8M | 97% |
| Financial Services | $28.1M | 3% |
| Management Fees | $7.1M | 1% |
