vs
CoStar Group（CSGP）与Installed Building Products, Inc.（IBP）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Installed Building Products, Inc.的1.2倍（$899.9M vs $747.5M），Installed Building Products, Inc.净利率更高（10.2% vs 5.2%，领先5.1%），CoStar Group同比增速更快（26.9% vs -0.4%），CoStar Group自由现金流更多（$101.3M vs $49.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs 3.9%）
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。
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
CSGP vs IBP — 直观对比
营收规模更大
CSGP
是对方的1.2倍
$747.5M
营收增速更快
CSGP
高出27.2%
-0.4%
净利率更高
IBP
高出5.1%
5.2%
自由现金流更多
CSGP
多$52.0M
$49.3M
两年增速更快
CSGP
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $747.5M |
| 净利润 | $46.5M | $76.6M |
| 毛利率 | 78.6% | 35.0% |
| 营业利润率 | 5.5% | 14.6% |
| 净利率 | 5.2% | 10.2% |
| 营收同比 | 26.9% | -0.4% |
| 净利润同比 | -22.2% | 14.5% |
| 每股收益（稀释后） | $0.12 | $2.81 |
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CSGPIBP
| Q4 25 | $899.9M | $747.5M | ||
| Q3 25 | $833.6M | $778.2M | ||
| Q2 25 | $781.3M | $760.3M | ||
| Q1 25 | $732.2M | $684.8M | ||
| Q4 24 | $709.4M | $750.2M | ||
| Q3 24 | $692.6M | $760.6M | ||
| Q2 24 | $677.8M | $737.6M | ||
| Q1 24 | $656.4M | $692.9M |
净利润CSGPIBP
| Q4 25 | $46.5M | $76.6M | ||
| Q3 25 | $-30.9M | $74.4M | ||
| Q2 25 | $6.2M | $69.0M | ||
| Q1 25 | $-14.8M | $45.4M | ||
| Q4 24 | $59.8M | $66.9M | ||
| Q3 24 | $53.0M | $68.6M | ||
| Q2 24 | $19.2M | $65.2M | ||
| Q1 24 | $6.7M | $55.9M |
毛利率CSGPIBP
| Q4 25 | 78.6% | 35.0% | ||
| Q3 25 | 79.3% | 34.0% | ||
| Q2 25 | 78.5% | 34.2% | ||
| Q1 25 | 79.1% | 32.7% | ||
| Q4 24 | 80.1% | 33.6% | ||
| Q3 24 | 79.7% | 33.8% | ||
| Q2 24 | 80.0% | 34.1% | ||
| Q1 24 | 78.5% | 33.8% |
营业利润率CSGPIBP
| Q4 25 | 5.5% | 14.6% | ||
| Q3 25 | -6.1% | 13.7% | ||
| Q2 25 | -3.5% | 13.3% | ||
| Q1 25 | -5.8% | 10.2% | ||
| Q4 24 | 5.6% | 13.1% | ||
| Q3 24 | 3.4% | 13.3% | ||
| Q2 24 | -2.4% | 12.9% | ||
| Q1 24 | -6.5% | 12.7% |
净利率CSGPIBP
| Q4 25 | 5.2% | 10.2% | ||
| Q3 25 | -3.7% | 9.6% | ||
| Q2 25 | 0.8% | 9.1% | ||
| Q1 25 | -2.0% | 6.6% | ||
| Q4 24 | 8.4% | 8.9% | ||
| Q3 24 | 7.7% | 9.0% | ||
| Q2 24 | 2.8% | 8.8% | ||
| Q1 24 | 1.0% | 8.1% |
每股收益（稀释后）CSGPIBP
| Q4 25 | $0.12 | $2.81 | ||
| Q3 25 | $-0.07 | $2.74 | ||
| Q2 25 | $0.01 | $2.52 | ||
| Q1 25 | $-0.04 | $1.64 | ||
| Q4 24 | $0.14 | $2.39 | ||
| Q3 24 | $0.13 | $2.44 | ||
| Q2 24 | $0.05 | $2.30 | ||
| Q1 24 | $0.02 | $1.97 |
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 | $321.9M |
| 总债务越低越好 | $140.0M | $886.6M |
| 股东权益账面价值 | $8.3B | $709.9M |
| 总资产 | $10.5B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.02× | 1.25× |
8季度趋势，按日历期对齐
现金及短期投资CSGPIBP
| Q4 25 | $1.6B | $321.9M | ||
| Q3 25 | $1.9B | $333.3M | ||
| Q2 25 | $3.6B | $305.2M | ||
| Q1 25 | $3.7B | $298.7M | ||
| Q4 24 | $4.7B | $327.6M | ||
| Q3 24 | — | $406.2M | ||
| Q2 24 | — | $380.3M | ||
| Q1 24 | — | $399.9M |
总债务CSGPIBP
| Q4 25 | $140.0M | $886.6M | ||
| Q3 25 | $1.0B | $880.8M | ||
| Q2 25 | $1.0B | $876.1M | ||
| Q1 25 | $1.0B | $872.4M | ||
| Q4 24 | $1.0B | $874.8M | ||
| Q3 24 | $1.0B | $872.3M | ||
| Q2 24 | $1.0B | $875.8M | ||
| Q1 24 | $1.0B | $875.0M |
股东权益CSGPIBP
| Q4 25 | $8.3B | $709.9M | ||
| Q3 25 | $8.6B | $678.6M | ||
| Q2 25 | $8.6B | $664.5M | ||
| Q1 25 | $8.6B | $660.9M | ||
| Q4 24 | $7.6B | $705.3M | ||
| Q3 24 | $7.5B | $716.4M | ||
| Q2 24 | $7.4B | $685.3M | ||
| Q1 24 | $7.3B | $679.2M |
总资产CSGPIBP
| Q4 25 | $10.5B | $2.1B | ||
| Q3 25 | $10.8B | $2.1B | ||
| Q2 25 | $10.5B | $2.0B | ||
| Q1 25 | $10.4B | $2.0B | ||
| Q4 24 | $9.3B | $2.1B | ||
| Q3 24 | $9.1B | $2.1B | ||
| Q2 24 | $9.1B | $2.0B | ||
| Q1 24 | $9.0B | $2.0B |
负债/权益比CSGPIBP
| Q4 25 | 0.02× | 1.25× | ||
| Q3 25 | 0.12× | 1.30× | ||
| Q2 25 | 0.12× | 1.32× | ||
| Q1 25 | 0.12× | 1.32× | ||
| Q4 24 | 0.13× | 1.24× | ||
| Q3 24 | 0.13× | 1.22× | ||
| Q2 24 | 0.14× | 1.28× | ||
| Q1 24 | 0.14× | 1.29× |
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 | $64.9M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $49.3M |
| 自由现金流率自由现金流/营收 | 11.3% | 6.6% |
| 资本支出强度资本支出/营收 | 6.8% | 2.1% |
| 现金转化率经营现金流/净利润 | 3.49× | 0.85× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $300.8M |
8季度趋势，按日历期对齐
经营现金流CSGPIBP
| Q4 25 | $162.1M | $64.9M | ||
| Q3 25 | $68.2M | $124.0M | ||
| Q2 25 | $146.5M | $90.4M | ||
| Q1 25 | $53.2M | $92.1M | ||
| Q4 24 | $94.6M | $74.8M | ||
| Q3 24 | $100.3M | $101.4M | ||
| Q2 24 | $58.1M | $79.0M | ||
| Q1 24 | $139.6M | $84.8M |
自由现金流CSGPIBP
| Q4 25 | $101.3M | $49.3M | ||
| Q3 25 | $-5.5M | $104.8M | ||
| Q2 25 | $27.7M | $74.8M | ||
| Q1 25 | $-500.0K | $71.9M | ||
| Q4 24 | $25.2M | $52.9M | ||
| Q3 24 | $40.2M | $77.3M | ||
| Q2 24 | $-14.7M | $58.2M | ||
| Q1 24 | $-237.1M | $63.0M |
自由现金流率CSGPIBP
| Q4 25 | 11.3% | 6.6% | ||
| Q3 25 | -0.7% | 13.5% | ||
| Q2 25 | 3.5% | 9.8% | ||
| Q1 25 | -0.1% | 10.5% | ||
| Q4 24 | 3.6% | 7.1% | ||
| Q3 24 | 5.8% | 10.2% | ||
| Q2 24 | -2.2% | 7.9% | ||
| Q1 24 | -36.1% | 9.1% |
资本支出强度CSGPIBP
| Q4 25 | 6.8% | 2.1% | ||
| Q3 25 | 8.8% | 2.5% | ||
| Q2 25 | 15.2% | 2.1% | ||
| Q1 25 | 7.3% | 2.9% | ||
| Q4 24 | 9.8% | 2.9% | ||
| Q3 24 | 8.7% | 3.2% | ||
| Q2 24 | 10.7% | 2.8% | ||
| Q1 24 | 57.4% | 3.1% |
现金转化率CSGPIBP
| Q4 25 | 3.49× | 0.85× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | 23.63× | 1.31× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | 1.58× | 1.12× | ||
| Q3 24 | 1.89× | 1.48× | ||
| Q2 24 | 3.03× | 1.21× | ||
| Q1 24 | 20.84× | 1.52× |
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% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
