vs
CoStar Group（CSGP）与因美纳（ILMN）财务数据对比。点击上方公司名可切换其他公司
因美纳的季度营收约是CoStar Group的1.3倍（$1.2B vs $899.9M），因美纳净利率更高（28.8% vs 5.2%，领先23.7%），CoStar Group同比增速更快（26.9% vs 5.0%），因美纳自由现金流更多（$267.0M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs -0.7%）
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。
因美纳是总部位于美国加利福尼亚州圣迭戈的生物技术企业，成立于1998年4月，专注研发、生产及销售用于分析基因变异与生物功能的集成系统，产品及服务覆盖测序、基因分型、基因表达、蛋白质组学等领域，业务遍及全球超155个国家和地区。
CSGP vs ILMN — 直观对比
营收规模更大
ILMN
是对方的1.3倍
$899.9M
营收增速更快
CSGP
高出21.9%
5.0%
净利率更高
ILMN
高出23.7%
5.2%
自由现金流更多
ILMN
多$165.7M
$101.3M
两年增速更快
CSGP
近两年复合增速
-0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.2B |
| 净利润 | $46.5M | $334.0M |
| 毛利率 | 78.6% | 65.5% |
| 营业利润率 | 5.5% | 17.4% |
| 净利率 | 5.2% | 28.8% |
| 营收同比 | 26.9% | 5.0% |
| 净利润同比 | -22.2% | 185.5% |
| 每股收益（稀释后） | $0.12 | $2.16 |
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CSGPILMN
| Q4 25 | $899.9M | $1.2B | ||
| Q3 25 | $833.6M | — | ||
| Q2 25 | $781.3M | — | ||
| Q1 25 | $732.2M | — | ||
| Q4 24 | $709.4M | $1.1B | ||
| Q3 24 | $692.6M | $1.1B | ||
| Q2 24 | $677.8M | $1.1B | ||
| Q1 24 | $656.4M | $1.1B |
净利润CSGPILMN
| Q4 25 | $46.5M | $334.0M | ||
| Q3 25 | $-30.9M | — | ||
| Q2 25 | $6.2M | — | ||
| Q1 25 | $-14.8M | — | ||
| Q4 24 | $59.8M | $186.0M | ||
| Q3 24 | $53.0M | $705.0M | ||
| Q2 24 | $19.2M | $-2.0B | ||
| Q1 24 | $6.7M | $-126.0M |
毛利率CSGPILMN
| Q4 25 | 78.6% | 65.5% | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 78.5% | — | ||
| Q1 25 | 79.1% | — | ||
| Q4 24 | 80.1% | 65.9% | ||
| Q3 24 | 79.7% | 69.0% | ||
| Q2 24 | 80.0% | 64.8% | ||
| Q1 24 | 78.5% | 62.0% |
营业利润率CSGPILMN
| Q4 25 | 5.5% | 17.4% | ||
| Q3 25 | -6.1% | — | ||
| Q2 25 | -3.5% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | 5.6% | 15.8% | ||
| Q3 24 | 3.4% | 68.6% | ||
| Q2 24 | -2.4% | -147.2% | ||
| Q1 24 | -6.5% | -10.3% |
净利率CSGPILMN
| Q4 25 | 5.2% | 28.8% | ||
| Q3 25 | -3.7% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 8.4% | 16.8% | ||
| Q3 24 | 7.7% | 65.3% | ||
| Q2 24 | 2.8% | -178.8% | ||
| Q1 24 | 1.0% | -11.7% |
每股收益（稀释后）CSGPILMN
| Q4 25 | $0.12 | $2.16 | ||
| Q3 25 | $-0.07 | — | ||
| Q2 25 | $0.01 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $0.14 | $1.16 | ||
| Q3 24 | $0.13 | $4.42 | ||
| Q2 24 | $0.05 | $-12.48 | ||
| Q1 24 | $0.02 | $-0.79 |
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 | $1.6B |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $2.7B |
| 总资产 | $10.5B | $6.6B |
| 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CSGPILMN
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $4.7B | $93.0M | ||
| Q3 24 | — | $70.0M | ||
| Q2 24 | — | $74.0M | ||
| Q1 24 | — | — |
总债务CSGPILMN
| 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 | — | ||
| Q1 24 | $1.0B | — |
股东权益CSGPILMN
| Q4 25 | $8.3B | $2.7B | ||
| Q3 25 | $8.6B | — | ||
| Q2 25 | $8.6B | — | ||
| Q1 25 | $8.6B | — | ||
| Q4 24 | $7.6B | $2.4B | ||
| Q3 24 | $7.5B | $2.1B | ||
| Q2 24 | $7.4B | $1.4B | ||
| Q1 24 | $7.3B | $5.7B |
总资产CSGPILMN
| Q4 25 | $10.5B | $6.6B | ||
| Q3 25 | $10.8B | — | ||
| Q2 25 | $10.5B | — | ||
| Q1 25 | $10.4B | — | ||
| Q4 24 | $9.3B | $6.3B | ||
| Q3 24 | $9.1B | $6.0B | ||
| Q2 24 | $9.1B | $6.1B | ||
| Q1 24 | $9.0B | $10.0B |
负债/权益比CSGPILMN
| 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× | — | ||
| 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 | $321.0M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $267.0M |
| 自由现金流率自由现金流/营收 | 11.3% | 23.0% |
| 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× | 0.96× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $935.0M |
8季度趋势，按日历期对齐
经营现金流CSGPILMN
| Q4 25 | $162.1M | $321.0M | ||
| Q3 25 | $68.2M | — | ||
| Q2 25 | $146.5M | — | ||
| Q1 25 | $53.2M | — | ||
| Q4 24 | $94.6M | $364.0M | ||
| Q3 24 | $100.3M | $316.0M | ||
| Q2 24 | $58.1M | $80.0M | ||
| Q1 24 | $139.6M | $77.0M |
自由现金流CSGPILMN
| Q4 25 | $101.3M | $267.0M | ||
| Q3 25 | $-5.5M | — | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $-500.0K | — | ||
| Q4 24 | $25.2M | $335.0M | ||
| Q3 24 | $40.2M | $284.0M | ||
| Q2 24 | $-14.7M | $49.0M | ||
| Q1 24 | $-237.1M | $41.0M |
自由现金流率CSGPILMN
| Q4 25 | 11.3% | 23.0% | ||
| Q3 25 | -0.7% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | 3.6% | 30.3% | ||
| Q3 24 | 5.8% | 26.3% | ||
| Q2 24 | -2.2% | 4.4% | ||
| Q1 24 | -36.1% | 3.8% |
资本支出强度CSGPILMN
| Q4 25 | 6.8% | — | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | 7.3% | — | ||
| Q4 24 | 9.8% | 2.6% | ||
| Q3 24 | 8.7% | 3.0% | ||
| Q2 24 | 10.7% | 2.8% | ||
| Q1 24 | 57.4% | 3.3% |
现金转化率CSGPILMN
| Q4 25 | 3.49× | 0.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | 1.96× | ||
| Q3 24 | 1.89× | 0.45× | ||
| Q2 24 | 3.03× | — | ||
| Q1 24 | 20.84× | — |
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% |
ILMN
| Product revenue | $990.0M | 85% |
| Service and other revenue | $169.0M | 15% |
