vs
CoStar Group（CSGP）与光辉国际（KFY）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是光辉国际的1.2倍（$899.9M vs $729.8M），光辉国际净利率更高（9.9% vs 5.2%，领先4.8%），CoStar Group同比增速更快（26.9% vs 7.0%），CoStar Group自由现金流更多（$101.3M vs $100.7M），过去两年CoStar Group的营收复合增速更高（17.1% vs 3.8%）
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。
光辉国际是一家总部位于美国加利福尼亚州洛杉矶的管理咨询企业，成立于1969年。截至2019年，公司在全球53个国家设有111个办事处，员工总数达8198名，旗下设有咨询、数字化、高管寻访、招聘流程外包及专业人才寻访四大业务板块，为全球客户提供全方位的人力资源及管理解决方案。
CSGP vs KFY — 直观对比
营收规模更大
CSGP
是对方的1.2倍
$729.8M
营收增速更快
CSGP
高出19.8%
7.0%
净利率更高
KFY
高出4.8%
5.2%
自由现金流更多
CSGP
多$638.0K
$100.7M
两年增速更快
CSGP
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $729.8M |
| 净利润 | $46.5M | $72.4M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | 13.5% |
| 净利率 | 5.2% | 9.9% |
| 营收同比 | 26.9% | 7.0% |
| 净利润同比 | -22.2% | 19.1% |
| 每股收益（稀释后） | $0.12 | $1.36 |
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CSGPKFY
| Q4 25 | $899.9M | $729.8M | ||
| Q3 25 | $833.6M | $715.5M | ||
| Q2 25 | $781.3M | $719.8M | ||
| Q1 25 | $732.2M | $676.5M | ||
| Q4 24 | $709.4M | $682.0M | ||
| Q3 24 | $692.6M | $682.8M | ||
| Q2 24 | $677.8M | $699.9M | ||
| Q1 24 | $656.4M | $676.9M |
净利润CSGPKFY
| Q4 25 | $46.5M | $72.4M | ||
| Q3 25 | $-30.9M | $66.6M | ||
| Q2 25 | $6.2M | $64.2M | ||
| Q1 25 | $-14.8M | $58.4M | ||
| Q4 24 | $59.8M | $60.8M | ||
| Q3 24 | $53.0M | $62.6M | ||
| Q2 24 | $19.2M | $65.2M | ||
| Q1 24 | $6.7M | $59.1M |
毛利率CSGPKFY
| 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CSGPKFY
| Q4 25 | 5.5% | 13.5% | ||
| Q3 25 | -6.1% | 11.7% | ||
| Q2 25 | -3.5% | 14.5% | ||
| Q1 25 | -5.8% | 11.6% | ||
| Q4 24 | 5.6% | 12.8% | ||
| Q3 24 | 3.4% | 11.1% | ||
| Q2 24 | -2.4% | 11.9% | ||
| Q1 24 | -6.5% | 7.4% |
净利率CSGPKFY
| Q4 25 | 5.2% | 9.9% | ||
| Q3 25 | -3.7% | 9.3% | ||
| Q2 25 | 0.8% | 8.9% | ||
| Q1 25 | -2.0% | 8.6% | ||
| Q4 24 | 8.4% | 8.9% | ||
| Q3 24 | 7.7% | 9.2% | ||
| Q2 24 | 2.8% | 9.3% | ||
| Q1 24 | 1.0% | 8.7% |
每股收益（稀释后）CSGPKFY
| Q4 25 | $0.12 | $1.36 | ||
| Q3 25 | $-0.07 | $1.26 | ||
| Q2 25 | $0.01 | $1.19 | ||
| Q1 25 | $-0.04 | $1.10 | ||
| Q4 24 | $0.14 | $1.14 | ||
| Q3 24 | $0.13 | $1.17 | ||
| Q2 24 | $0.05 | $1.25 | ||
| Q1 24 | $0.02 | $1.13 |
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 | $801.1M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $1.9B |
| 总资产 | $10.5B | $3.7B |
| 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CSGPKFY
| Q4 25 | $1.6B | $801.1M | ||
| Q3 25 | $1.9B | $721.1M | ||
| Q2 25 | $3.6B | $1.0B | ||
| Q1 25 | $3.7B | $820.0M | ||
| Q4 24 | $4.7B | $735.5M | ||
| Q3 24 | — | $674.0M | ||
| Q2 24 | — | $983.7M | ||
| Q1 24 | — | $782.5M |
总债务CSGPKFY
| 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CSGPKFY
| Q4 25 | $8.3B | $1.9B | ||
| Q3 25 | $8.6B | $1.9B | ||
| Q2 25 | $8.6B | $1.9B | ||
| Q1 25 | $8.6B | $1.8B | ||
| Q4 24 | $7.6B | $1.8B | ||
| Q3 24 | $7.5B | $1.8B | ||
| Q2 24 | $7.4B | $1.7B | ||
| Q1 24 | $7.3B | $1.7B |
总资产CSGPKFY
| Q4 25 | $10.5B | $3.7B | ||
| Q3 25 | $10.8B | $3.6B | ||
| Q2 25 | $10.5B | $3.9B | ||
| Q1 25 | $10.4B | $3.6B | ||
| Q4 24 | $9.3B | $3.5B | ||
| Q3 24 | $9.1B | $3.4B | ||
| Q2 24 | $9.1B | $3.7B | ||
| Q1 24 | $9.0B | $3.6B |
负债/权益比CSGPKFY
| 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 | $121.4M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $100.7M |
| 自由现金流率自由现金流/营收 | 11.3% | 13.8% |
| 资本支出强度资本支出/营收 | 6.8% | 2.8% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.68× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $272.6M |
8季度趋势，按日历期对齐
经营现金流CSGPKFY
| Q4 25 | $162.1M | $121.4M | ||
| Q3 25 | $68.2M | $-237.4M | ||
| Q2 25 | $146.5M | $255.8M | ||
| Q1 25 | $53.2M | $213.7M | ||
| Q4 24 | $94.6M | $122.0M | ||
| Q3 24 | $100.3M | $-227.2M | ||
| Q2 24 | $58.1M | $261.9M | ||
| Q1 24 | $139.6M | $164.0M |
自由现金流CSGPKFY
| Q4 25 | $101.3M | $100.7M | ||
| Q3 25 | $-5.5M | $-260.0M | ||
| Q2 25 | $27.7M | $235.5M | ||
| Q1 25 | $-500.0K | $196.4M | ||
| Q4 24 | $25.2M | $107.7M | ||
| Q3 24 | $40.2M | $-237.7M | ||
| Q2 24 | $-14.7M | $250.0M | ||
| Q1 24 | $-237.1M | $152.3M |
自由现金流率CSGPKFY
| Q4 25 | 11.3% | 13.8% | ||
| Q3 25 | -0.7% | -36.3% | ||
| Q2 25 | 3.5% | 32.7% | ||
| Q1 25 | -0.1% | 29.0% | ||
| Q4 24 | 3.6% | 15.8% | ||
| Q3 24 | 5.8% | -34.8% | ||
| Q2 24 | -2.2% | 35.7% | ||
| Q1 24 | -36.1% | 22.5% |
资本支出强度CSGPKFY
| Q4 25 | 6.8% | 2.8% | ||
| Q3 25 | 8.8% | 3.2% | ||
| Q2 25 | 15.2% | 2.8% | ||
| Q1 25 | 7.3% | 2.6% | ||
| Q4 24 | 9.8% | 2.1% | ||
| Q3 24 | 8.7% | 1.5% | ||
| Q2 24 | 10.7% | 1.7% | ||
| Q1 24 | 57.4% | 1.7% |
现金转化率CSGPKFY
| Q4 25 | 3.49× | 1.68× | ||
| Q3 25 | — | -3.56× | ||
| Q2 25 | 23.63× | 3.98× | ||
| Q1 25 | — | 3.66× | ||
| Q4 24 | 1.58× | 2.01× | ||
| Q3 24 | 1.89× | -3.63× | ||
| Q2 24 | 3.03× | 4.02× | ||
| Q1 24 | 20.84× | 2.78× |
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% |
KFY
| Industrial | $234.0M | 32% |
| Technology Service | $104.5M | 14% |
| RPO | $92.3M | 13% |
| Digital | $91.2M | 13% |
| Consumer Goods | $85.0M | 12% |
| Executive Search EMEA | $52.2M | 7% |
| Education Non Profit And General | $43.2M | 6% |
| Executive Search Asia Pacific | $24.3M | 3% |
| Reimbursed Out Of Pocket Engagement Expenses | $8.1M | 1% |
