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CoStar Group（CSGP）与景顺（IVZ）财务数据对比。点击上方公司名可切换其他公司
景顺的季度营收约是CoStar Group的1.9倍（$1.7B vs $899.9M），CoStar Group净利率更高（5.2% vs -58.9%，领先64.0%），CoStar Group同比增速更快（26.9% vs 6.2%），景顺自由现金流更多（$432.2M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs 7.1%）
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。
景顺是总部位于美国佐治亚州亚特兰大的独立投资管理企业，在全球20个国家设有分支机构，旗下运营景顺、Invesco Perpetual、PowerShares等品牌，普通股为标普500指数成分股，于纽约证券交易所挂牌交易。
CSGP vs IVZ — 直观对比
营收规模更大
IVZ
是对方的1.9倍
$899.9M
营收增速更快
CSGP
高出20.6%
6.2%
净利率更高
CSGP
高出64.0%
-58.9%
自由现金流更多
IVZ
多$330.9M
$101.3M
两年增速更快
CSGP
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.7B |
| 净利润 | $46.5M | $-995.9M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | -86.2% |
| 净利率 | 5.2% | -58.9% |
| 营收同比 | 26.9% | 6.2% |
| 净利润同比 | -22.2% | -575.8% |
| 每股收益（稀释后） | $0.12 | $-2.61 |
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CSGPIVZ
| Q4 25 | $899.9M | $1.7B | ||
| Q3 25 | $833.6M | $1.6B | ||
| Q2 25 | $781.3M | $1.5B | ||
| Q1 25 | $732.2M | $1.5B | ||
| Q4 24 | $709.4M | $1.6B | ||
| Q3 24 | $692.6M | $1.5B | ||
| Q2 24 | $677.8M | $1.5B | ||
| Q1 24 | $656.4M | $1.5B |
净利润CSGPIVZ
| Q4 25 | $46.5M | $-995.9M | ||
| Q3 25 | $-30.9M | $356.4M | ||
| Q2 25 | $6.2M | $197.4M | ||
| Q1 25 | $-14.8M | $171.1M | ||
| Q4 24 | $59.8M | $209.3M | ||
| Q3 24 | $53.0M | $55.0M | ||
| Q2 24 | $19.2M | $132.2M | ||
| Q1 24 | $6.7M | $141.5M |
毛利率CSGPIVZ
| 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CSGPIVZ
| Q4 25 | 5.5% | -86.2% | ||
| Q3 25 | -6.1% | 16.5% | ||
| Q2 25 | -3.5% | 14.1% | ||
| Q1 25 | -5.8% | 18.1% | ||
| Q4 24 | 5.6% | 19.6% | ||
| Q3 24 | 3.4% | 6.6% | ||
| Q2 24 | -2.4% | 13.9% | ||
| Q1 24 | -6.5% | 14.4% |
净利率CSGPIVZ
| Q4 25 | 5.2% | -58.9% | ||
| Q3 25 | -3.7% | 21.7% | ||
| Q2 25 | 0.8% | 13.0% | ||
| Q1 25 | -2.0% | 11.2% | ||
| Q4 24 | 8.4% | 13.1% | ||
| Q3 24 | 7.7% | 3.6% | ||
| Q2 24 | 2.8% | 8.9% | ||
| Q1 24 | 1.0% | 9.6% |
每股收益（稀释后）CSGPIVZ
| Q4 25 | $0.12 | $-2.61 | ||
| Q3 25 | $-0.07 | $0.66 | ||
| Q2 25 | $0.01 | $-0.03 | ||
| Q1 25 | $-0.04 | $0.38 | ||
| Q4 24 | $0.14 | $0.46 | ||
| Q3 24 | $0.13 | $0.12 | ||
| Q2 24 | $0.05 | $0.29 | ||
| Q1 24 | $0.02 | $0.31 |
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 | $1.0B |
| 总债务越低越好 | $140.0M | $1.8B |
| 股东权益账面价值 | $8.3B | $12.2B |
| 总资产 | $10.5B | $27.1B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资CSGPIVZ
| Q4 25 | $1.6B | $1.0B | ||
| Q3 25 | $1.9B | $973.1M | ||
| Q2 25 | $3.6B | $922.7M | ||
| Q1 25 | $3.7B | $821.7M | ||
| Q4 24 | $4.7B | $986.5M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $878.5M | ||
| Q1 24 | — | $895.7M |
总债务CSGPIVZ
| Q4 25 | $140.0M | $1.8B | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $1.0B | $964.8M | ||
| Q4 24 | $1.0B | $890.6M | ||
| Q3 24 | $1.0B | $890.3M | ||
| Q2 24 | $1.0B | $890.1M | ||
| Q1 24 | $1.0B | $1.3B |
股东权益CSGPIVZ
| Q4 25 | $8.3B | $12.2B | ||
| Q3 25 | $8.6B | $14.0B | ||
| Q2 25 | $8.6B | $13.9B | ||
| Q1 25 | $8.6B | $14.7B | ||
| Q4 24 | $7.6B | $14.6B | ||
| Q3 24 | $7.5B | $14.8B | ||
| Q2 24 | $7.4B | $14.6B | ||
| Q1 24 | $7.3B | $14.6B |
总资产CSGPIVZ
| Q4 25 | $10.5B | $27.1B | ||
| Q3 25 | $10.8B | $28.4B | ||
| Q2 25 | $10.5B | $28.5B | ||
| Q1 25 | $10.4B | $28.1B | ||
| Q4 24 | $9.3B | $27.0B | ||
| Q3 24 | $9.1B | $27.5B | ||
| Q2 24 | $9.1B | $27.2B | ||
| Q1 24 | $9.0B | $28.1B |
负债/权益比CSGPIVZ
| Q4 25 | 0.02× | 0.15× | ||
| Q3 25 | 0.12× | 0.12× | ||
| Q2 25 | 0.12× | 0.14× | ||
| Q1 25 | 0.12× | 0.07× | ||
| Q4 24 | 0.13× | 0.06× | ||
| Q3 24 | 0.13× | 0.06× | ||
| Q2 24 | 0.14× | 0.06× | ||
| Q1 24 | 0.14× | 0.09× |
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 | $455.8M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $432.2M |
| 自由现金流率自由现金流/营收 | 11.3% | 25.5% |
| 资本支出强度资本支出/营收 | 6.8% | 1.4% |
| 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 | $1.4B |
8季度趋势，按日历期对齐
经营现金流CSGPIVZ
| Q4 25 | $162.1M | $455.8M | ||
| Q3 25 | $68.2M | $606.2M | ||
| Q2 25 | $146.5M | $547.9M | ||
| Q1 25 | $53.2M | $-84.6M | ||
| Q4 24 | $94.6M | $316.9M | ||
| Q3 24 | $100.3M | $438.4M | ||
| Q2 24 | $58.1M | $489.1M | ||
| Q1 24 | $139.6M | $-54.4M |
自由现金流CSGPIVZ
| Q4 25 | $101.3M | $432.2M | ||
| Q3 25 | $-5.5M | $586.4M | ||
| Q2 25 | $27.7M | $530.4M | ||
| Q1 25 | $-500.0K | $-108.0M | ||
| Q4 24 | $25.2M | $309.9M | ||
| Q3 24 | $40.2M | $410.0M | ||
| Q2 24 | $-14.7M | $462.4M | ||
| Q1 24 | $-237.1M | $-75.4M |
自由现金流率CSGPIVZ
| Q4 25 | 11.3% | 25.5% | ||
| Q3 25 | -0.7% | 35.7% | ||
| Q2 25 | 3.5% | 35.0% | ||
| Q1 25 | -0.1% | -7.1% | ||
| Q4 24 | 3.6% | 19.5% | ||
| Q3 24 | 5.8% | 27.1% | ||
| Q2 24 | -2.2% | 31.2% | ||
| Q1 24 | -36.1% | -5.1% |
资本支出强度CSGPIVZ
| Q4 25 | 6.8% | 1.4% | ||
| Q3 25 | 8.8% | 1.2% | ||
| Q2 25 | 15.2% | 1.2% | ||
| Q1 25 | 7.3% | 1.5% | ||
| Q4 24 | 9.8% | 0.4% | ||
| Q3 24 | 8.7% | 1.9% | ||
| Q2 24 | 10.7% | 1.8% | ||
| Q1 24 | 57.4% | 1.4% |
现金转化率CSGPIVZ
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | 23.63× | 2.78× | ||
| Q1 25 | — | -0.49× | ||
| Q4 24 | 1.58× | 1.51× | ||
| Q3 24 | 1.89× | 7.97× | ||
| Q2 24 | 3.03× | 3.70× | ||
| Q1 24 | 20.84× | -0.38× |
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% |
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
