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CoStar Group（CSGP）与IAC Inc.（IAC）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IAC Inc.的1.4倍（$899.9M vs $646.0M），CoStar Group净利率更高（5.2% vs -11.9%，领先17.1%），CoStar Group同比增速更快（26.9% vs -10.5%），CoStar Group自由现金流更多（$101.3M vs $31.4M），过去两年CoStar Group的营收复合增速更高（17.1% vs 1.7%）
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。
IAC Inc.是一家美国控股企业，业务覆盖媒体与互联网领域，在全球拥有多个知名品牌。公司前身是1996年成立的HSN Inc.，当时作为家庭购物频道Home Shopping Network和USA电视台的控股主体运营，1999年更名为USA Networks Inc.，2002年将旗下电视业务资产出售给威望迪集团。
CSGP vs IAC — 直观对比
营收规模更大
CSGP
是对方的1.4倍
$646.0M
营收增速更快
CSGP
高出37.3%
-10.5%
净利率更高
CSGP
高出17.1%
-11.9%
自由现金流更多
CSGP
多$69.9M
$31.4M
两年增速更快
CSGP
近两年复合增速
1.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $646.0M |
| 净利润 | $46.5M | $-76.8M |
| 毛利率 | 78.6% | 69.8% |
| 营业利润率 | 5.5% | -17.5% |
| 净利率 | 5.2% | -11.9% |
| 营收同比 | 26.9% | -10.5% |
| 净利润同比 | -22.2% | 61.4% |
| 每股收益（稀释后） | $0.12 | $-0.96 |
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CSGPIAC
| Q4 25 | $899.9M | $646.0M | ||
| Q3 25 | $833.6M | $589.8M | ||
| Q2 25 | $781.3M | $586.9M | ||
| Q1 25 | $732.2M | $570.5M | ||
| Q4 24 | $709.4M | $721.4M | ||
| Q3 24 | $692.6M | $642.0M | ||
| Q2 24 | $677.8M | $634.4M | ||
| Q1 24 | $656.4M | $624.3M |
净利润CSGPIAC
| Q4 25 | $46.5M | $-76.8M | ||
| Q3 25 | $-30.9M | $-21.9M | ||
| Q2 25 | $6.2M | $211.5M | ||
| Q1 25 | $-14.8M | $-216.8M | ||
| Q4 24 | $59.8M | $-199.0M | ||
| Q3 24 | $53.0M | $-243.7M | ||
| Q2 24 | $19.2M | $-142.2M | ||
| Q1 24 | $6.7M | $45.0M |
毛利率CSGPIAC
| Q4 25 | 78.6% | 69.8% | ||
| Q3 25 | 79.3% | 64.8% | ||
| Q2 25 | 78.5% | 65.6% | ||
| Q1 25 | 79.1% | 64.0% | ||
| Q4 24 | 80.1% | 65.8% | ||
| Q3 24 | 79.7% | 62.1% | ||
| Q2 24 | 80.0% | 60.1% | ||
| Q1 24 | 78.5% | 58.4% |
营业利润率CSGPIAC
| Q4 25 | 5.5% | -17.5% | ||
| Q3 25 | -6.1% | -3.5% | ||
| Q2 25 | -3.5% | 0.1% | ||
| Q1 25 | -5.8% | 6.3% | ||
| Q4 24 | 5.6% | 6.7% | ||
| Q3 24 | 3.4% | 1.3% | ||
| Q2 24 | -2.4% | -3.4% | ||
| Q1 24 | -6.5% | -10.2% |
净利率CSGPIAC
| Q4 25 | 5.2% | -11.9% | ||
| Q3 25 | -3.7% | -3.7% | ||
| Q2 25 | 0.8% | 36.0% | ||
| Q1 25 | -2.0% | -38.0% | ||
| Q4 24 | 8.4% | -27.6% | ||
| Q3 24 | 7.7% | -38.0% | ||
| Q2 24 | 2.8% | -22.4% | ||
| Q1 24 | 1.0% | 7.2% |
每股收益（稀释后）CSGPIAC
| Q4 25 | $0.12 | $-0.96 | ||
| Q3 25 | $-0.07 | $-0.27 | ||
| Q2 25 | $0.01 | $2.57 | ||
| Q1 25 | $-0.04 | $-2.64 | ||
| Q4 24 | $0.14 | $-2.36 | ||
| Q3 24 | $0.13 | $-2.93 | ||
| Q2 24 | $0.05 | $-1.71 | ||
| Q1 24 | $0.02 | $0.51 |
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 | $960.2M |
| 总债务越低越好 | $140.0M | $1.4B |
| 股东权益账面价值 | $8.3B | $4.7B |
| 总资产 | $10.5B | $7.1B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资CSGPIAC
| Q4 25 | $1.6B | $960.2M | ||
| Q3 25 | $1.9B | $1.0B | ||
| Q2 25 | $3.6B | $1.1B | ||
| Q1 25 | $3.7B | $1.2B | ||
| Q4 24 | $4.7B | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
总债务CSGPIAC
| Q4 25 | $140.0M | $1.4B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益CSGPIAC
| Q4 25 | $8.3B | $4.7B | ||
| Q3 25 | $8.6B | $4.8B | ||
| Q2 25 | $8.6B | $4.9B | ||
| Q1 25 | $8.6B | $4.7B | ||
| Q4 24 | $7.6B | $5.6B | ||
| Q3 24 | $7.5B | $5.8B | ||
| Q2 24 | $7.4B | $6.0B | ||
| Q1 24 | $7.3B | $6.1B |
总资产CSGPIAC
| Q4 25 | $10.5B | $7.1B | ||
| Q3 25 | $10.8B | $7.2B | ||
| Q2 25 | $10.5B | $7.4B | ||
| Q1 25 | $10.4B | $7.2B | ||
| Q4 24 | $9.3B | $9.7B | ||
| Q3 24 | $9.1B | $9.8B | ||
| Q2 24 | $9.1B | $10.2B | ||
| Q1 24 | $9.0B | $10.4B |
负债/权益比CSGPIAC
| Q4 25 | 0.02× | 0.30× | ||
| Q3 25 | 0.12× | 0.30× | ||
| Q2 25 | 0.12× | 0.30× | ||
| 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 | $36.6M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $31.4M |
| 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% | 0.8% |
| 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 | $44.8M |
8季度趋势，按日历期对齐
经营现金流CSGPIAC
| Q4 25 | $162.1M | $36.6M | ||
| Q3 25 | $68.2M | $30.1M | ||
| Q2 25 | $146.5M | $-2.8M | ||
| Q1 25 | $53.2M | $63.0K | ||
| Q4 24 | $94.6M | $110.1M | ||
| Q3 24 | $100.3M | $95.3M | ||
| Q2 24 | $58.1M | $85.0M | ||
| Q1 24 | $139.6M | $64.1M |
自由现金流CSGPIAC
| Q4 25 | $101.3M | $31.4M | ||
| Q3 25 | $-5.5M | $25.3M | ||
| Q2 25 | $27.7M | $-7.2M | ||
| Q1 25 | $-500.0K | $-4.6M | ||
| Q4 24 | $25.2M | $104.8M | ||
| Q3 24 | $40.2M | $92.0M | ||
| Q2 24 | $-14.7M | $81.6M | ||
| Q1 24 | $-237.1M | $61.1M |
自由现金流率CSGPIAC
| Q4 25 | 11.3% | 4.9% | ||
| Q3 25 | -0.7% | 4.3% | ||
| Q2 25 | 3.5% | -1.2% | ||
| Q1 25 | -0.1% | -0.8% | ||
| Q4 24 | 3.6% | 14.5% | ||
| Q3 24 | 5.8% | 14.3% | ||
| Q2 24 | -2.2% | 12.9% | ||
| Q1 24 | -36.1% | 9.8% |
资本支出强度CSGPIAC
| Q4 25 | 6.8% | 0.8% | ||
| Q3 25 | 8.8% | 0.8% | ||
| Q2 25 | 15.2% | 0.8% | ||
| Q1 25 | 7.3% | 0.8% | ||
| Q4 24 | 9.8% | 0.7% | ||
| Q3 24 | 8.7% | 0.5% | ||
| Q2 24 | 10.7% | 0.5% | ||
| Q1 24 | 57.4% | 0.5% |
现金转化率CSGPIAC
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | -0.01× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 3.03× | — | ||
| Q1 24 | 20.84× | 1.42× |
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% |
IAC
| $168.5M | 26% | |
| Performance Marketing | $101.2M | 16% |
| Care.com | $85.7M | 13% |
| Subscription | $69.5M | 11% |
| Licensing And Other | $43.8M | 7% |
| Consumer Revenue | $43.2M | 7% |
| Advertising | $35.9M | 6% |
| Project And Other Print | $33.6M | 5% |
| Advertising Google | $28.9M | 4% |
| Newsstand | $22.4M | 3% |
| Emerging Other | $19.6M | 3% |
