vs
CoStar Group（CSGP）与诺唯真游轮控股（LINE）财务数据对比。点击上方公司名可切换其他公司
诺唯真游轮控股的季度营收约是CoStar Group的1.5倍（$1.4B vs $899.9M），CoStar Group净利率更高（5.2% vs -7.3%，领先12.4%），CoStar Group同比增速更快（26.9% vs 3.1%），CoStar Group自由现金流更多（$101.3M vs $35.0M）
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。
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
CSGP vs LINE — 直观对比
营收规模更大
LINE
是对方的1.5倍
$899.9M
营收增速更快
CSGP
高出23.7%
3.1%
净利率更高
CSGP
高出12.4%
-7.3%
自由现金流更多
CSGP
多$66.3M
$35.0M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.4B |
| 净利润 | $46.5M | $-100.0M |
| 毛利率 | 78.6% | 32.3% |
| 营业利润率 | 5.5% | 2.5% |
| 净利率 | 5.2% | -7.3% |
| 营收同比 | 26.9% | 3.1% |
| 净利润同比 | -22.2% | 79.4% |
| 每股收益（稀释后） | $0.12 | $-0.44 |
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CSGPLINE
| Q4 25 | $899.9M | — | ||
| Q3 25 | $833.6M | $1.4B | ||
| Q2 25 | $781.3M | $1.4B | ||
| Q1 25 | $732.2M | $1.3B | ||
| Q4 24 | $709.4M | $1.3B | ||
| Q3 24 | $692.6M | $1.3B | ||
| Q2 24 | $677.8M | $1.3B | ||
| Q1 24 | $656.4M | $1.3B |
净利润CSGPLINE
| Q4 25 | $46.5M | — | ||
| Q3 25 | $-30.9M | $-100.0M | ||
| Q2 25 | $6.2M | $-6.0M | ||
| Q1 25 | $-14.8M | $0 | ||
| Q4 24 | $59.8M | $-71.0M | ||
| Q3 24 | $53.0M | $-485.0M | ||
| Q2 24 | $19.2M | $-68.0M | ||
| Q1 24 | $6.7M | $-40.0M |
毛利率CSGPLINE
| Q4 25 | 78.6% | — | ||
| Q3 25 | 79.3% | 32.3% | ||
| Q2 25 | 78.5% | 31.9% | ||
| Q1 25 | 79.1% | 32.2% | ||
| Q4 24 | 80.1% | 32.3% | ||
| Q3 24 | 79.7% | 32.8% | ||
| Q2 24 | 80.0% | 33.4% | ||
| Q1 24 | 78.5% | 33.4% |
营业利润率CSGPLINE
| Q4 25 | 5.5% | — | ||
| Q3 25 | -6.1% | 2.5% | ||
| Q2 25 | -3.5% | 1.7% | ||
| Q1 25 | -5.8% | 4.3% | ||
| Q4 24 | 5.6% | -1.6% | ||
| Q3 24 | 3.4% | -38.6% | ||
| Q2 24 | -2.4% | 5.5% | ||
| Q1 24 | -6.5% | 7.6% |
净利率CSGPLINE
| Q4 25 | 5.2% | — | ||
| Q3 25 | -3.7% | -7.3% | ||
| Q2 25 | 0.8% | -0.4% | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 8.4% | -5.3% | ||
| Q3 24 | 7.7% | -36.3% | ||
| Q2 24 | 2.8% | -5.1% | ||
| Q1 24 | 1.0% | -3.0% |
每股收益（稀释后）CSGPLINE
| Q4 25 | $0.12 | — | ||
| Q3 25 | $-0.07 | $-0.44 | ||
| Q2 25 | $0.01 | $-0.03 | ||
| Q1 25 | $-0.04 | $0.01 | ||
| Q4 24 | $0.14 | $-0.52 | ||
| Q3 24 | $0.13 | $-2.44 | ||
| Q2 24 | $0.05 | $-0.46 | ||
| Q1 24 | $0.02 | $-0.28 |
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 | — |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $8.4B |
| 总资产 | $10.5B | $19.2B |
| 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CSGPLINE
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $4.7B | $173.0M | ||
| Q3 24 | — | $409.0M | ||
| Q2 24 | — | $73.0M | ||
| Q1 24 | — | — |
总债务CSGPLINE
| 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CSGPLINE
| Q4 25 | $8.3B | — | ||
| Q3 25 | $8.6B | $8.4B | ||
| Q2 25 | $8.6B | $8.6B | ||
| Q1 25 | $8.6B | $8.6B | ||
| Q4 24 | $7.6B | $8.6B | ||
| Q3 24 | $7.5B | $9.0B | ||
| Q2 24 | $7.4B | $4.9B | ||
| Q1 24 | $7.3B | $5.6B |
总资产CSGPLINE
| Q4 25 | $10.5B | — | ||
| Q3 25 | $10.8B | $19.2B | ||
| Q2 25 | $10.5B | $19.4B | ||
| Q1 25 | $10.4B | $18.8B | ||
| Q4 24 | $9.3B | $18.7B | ||
| Q3 24 | $9.1B | $19.3B | ||
| Q2 24 | $9.1B | $18.8B | ||
| Q1 24 | $9.0B | — |
负债/权益比CSGPLINE
| 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 | $230.0M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $35.0M |
| 自由现金流率自由现金流/营收 | 11.3% | 2.5% |
| 资本支出强度资本支出/营收 | 6.8% | 14.2% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CSGPLINE
| Q4 25 | $162.1M | — | ||
| Q3 25 | $68.2M | $230.0M | ||
| Q2 25 | $146.5M | $258.0M | ||
| Q1 25 | $53.2M | $139.0M | ||
| Q4 24 | $94.6M | — | ||
| Q3 24 | $100.3M | $186.0M | ||
| Q2 24 | $58.1M | $155.0M | ||
| Q1 24 | $139.6M | $105.0M |
自由现金流CSGPLINE
| Q4 25 | $101.3M | — | ||
| Q3 25 | $-5.5M | $35.0M | ||
| Q2 25 | $27.7M | $95.0M | ||
| Q1 25 | $-500.0K | $-12.0M | ||
| Q4 24 | $25.2M | — | ||
| Q3 24 | $40.2M | $33.0M | ||
| Q2 24 | $-14.7M | $-31.0M | ||
| Q1 24 | $-237.1M | $-42.0M |
自由现金流率CSGPLINE
| Q4 25 | 11.3% | — | ||
| Q3 25 | -0.7% | 2.5% | ||
| Q2 25 | 3.5% | 7.0% | ||
| Q1 25 | -0.1% | -0.9% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 5.8% | 2.5% | ||
| Q2 24 | -2.2% | -2.3% | ||
| Q1 24 | -36.1% | -3.2% |
资本支出强度CSGPLINE
| Q4 25 | 6.8% | — | ||
| Q3 25 | 8.8% | 14.2% | ||
| Q2 25 | 15.2% | 12.1% | ||
| Q1 25 | 7.3% | 11.7% | ||
| Q4 24 | 9.8% | — | ||
| Q3 24 | 8.7% | 11.5% | ||
| Q2 24 | 10.7% | 13.9% | ||
| Q1 24 | 57.4% | 11.1% |
现金转化率CSGPLINE
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | — | ||
| 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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
