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CoStar Group（CSGP）与朗美通（LITE）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是朗美通的1.4倍（$899.9M vs $665.5M），朗美通净利率更高（11.8% vs 5.2%，领先6.6%），朗美通同比增速更快（65.5% vs 26.9%），CoStar Group自由现金流更多（$101.3M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 17.1%）
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。
朗美通控股（Lumentum Holdings Inc.）是全球知名光电产品供应商，前身为美国捷迪讯（JDSU）旗下光电器件及激光业务板块，2015年8月随捷迪讯分拆独立运营，总部位于美国加利福尼亚州米尔皮塔斯，主营光通信网络设备、激光器、定制光学解决方案等多元产品。
CSGP vs LITE — 直观对比
营收规模更大
CSGP
是对方的1.4倍
$665.5M
营收增速更快
LITE
高出38.6%
26.9%
净利率更高
LITE
高出6.6%
5.2%
自由现金流更多
CSGP
多$58.2M
$43.1M
两年增速更快
LITE
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $665.5M |
| 净利润 | $46.5M | $78.2M |
| 毛利率 | 78.6% | 36.1% |
| 营业利润率 | 5.5% | 9.7% |
| 净利率 | 5.2% | 11.8% |
| 营收同比 | 26.9% | 65.5% |
| 净利润同比 | -22.2% | 228.4% |
| 每股收益（稀释后） | $0.12 | $0.89 |
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CSGPLITE
| Q4 25 | $899.9M | $665.5M | ||
| Q3 25 | $833.6M | $533.8M | ||
| Q2 25 | $781.3M | $480.7M | ||
| Q1 25 | $732.2M | $425.2M | ||
| Q4 24 | $709.4M | $402.2M | ||
| Q3 24 | $692.6M | $336.9M | ||
| Q2 24 | $677.8M | $308.3M | ||
| Q1 24 | $656.4M | $366.5M |
净利润CSGPLITE
| Q4 25 | $46.5M | $78.2M | ||
| Q3 25 | $-30.9M | $4.2M | ||
| Q2 25 | $6.2M | $213.3M | ||
| Q1 25 | $-14.8M | $-44.1M | ||
| Q4 24 | $59.8M | $-60.9M | ||
| Q3 24 | $53.0M | $-82.4M | ||
| Q2 24 | $19.2M | $-252.5M | ||
| Q1 24 | $6.7M | $-127.0M |
毛利率CSGPLITE
| Q4 25 | 78.6% | 36.1% | ||
| Q3 25 | 79.3% | 34.0% | ||
| Q2 25 | 78.5% | 33.3% | ||
| Q1 25 | 79.1% | 28.8% | ||
| Q4 24 | 80.1% | 24.8% | ||
| Q3 24 | 79.7% | 23.1% | ||
| Q2 24 | 80.0% | 16.6% | ||
| Q1 24 | 78.5% | 16.2% |
营业利润率CSGPLITE
| Q4 25 | 5.5% | 9.7% | ||
| Q3 25 | -6.1% | 1.3% | ||
| Q2 25 | -3.5% | -1.7% | ||
| Q1 25 | -5.8% | -8.9% | ||
| Q4 24 | 5.6% | -12.8% | ||
| Q3 24 | 3.4% | -24.5% | ||
| Q2 24 | -2.4% | -43.3% | ||
| Q1 24 | -6.5% | -31.3% |
净利率CSGPLITE
| Q4 25 | 5.2% | 11.8% | ||
| Q3 25 | -3.7% | 0.8% | ||
| Q2 25 | 0.8% | 44.4% | ||
| Q1 25 | -2.0% | -10.4% | ||
| Q4 24 | 8.4% | -15.1% | ||
| Q3 24 | 7.7% | -24.5% | ||
| Q2 24 | 2.8% | -81.9% | ||
| Q1 24 | 1.0% | -34.7% |
每股收益（稀释后）CSGPLITE
| Q4 25 | $0.12 | $0.89 | ||
| Q3 25 | $-0.07 | $0.05 | ||
| Q2 25 | $0.01 | $3.10 | ||
| Q1 25 | $-0.04 | $-0.64 | ||
| Q4 24 | $0.14 | $-0.88 | ||
| Q3 24 | $0.13 | $-1.21 | ||
| Q2 24 | $0.05 | $-3.75 | ||
| Q1 24 | $0.02 | $-1.88 |
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 | $1.2B |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $846.6M |
| 总资产 | $10.5B | $4.8B |
| 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CSGPLITE
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $3.6B | $877.1M | ||
| Q1 25 | $3.7B | $866.7M | ||
| Q4 24 | $4.7B | $896.7M | ||
| Q3 24 | — | $916.1M | ||
| Q2 24 | — | $887.0M | ||
| Q1 24 | — | $870.9M |
总债务CSGPLITE
| 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CSGPLITE
| Q4 25 | $8.3B | $846.6M | ||
| Q3 25 | $8.6B | $780.8M | ||
| Q2 25 | $8.6B | $1.1B | ||
| Q1 25 | $8.6B | $879.5M | ||
| Q4 24 | $7.6B | $872.3M | ||
| Q3 24 | $7.5B | $895.9M | ||
| Q2 24 | $7.4B | $957.3M | ||
| Q1 24 | $7.3B | $1.2B |
总资产CSGPLITE
| Q4 25 | $10.5B | $4.8B | ||
| Q3 25 | $10.8B | $4.6B | ||
| Q2 25 | $10.5B | $4.2B | ||
| Q1 25 | $10.4B | $4.0B | ||
| Q4 24 | $9.3B | $4.0B | ||
| Q3 24 | $9.1B | $4.0B | ||
| Q2 24 | $9.1B | $3.9B | ||
| Q1 24 | $9.0B | $4.2B |
负债/权益比CSGPLITE
| 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 | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $43.1M |
| 自由现金流率自由现金流/营收 | 11.3% | 6.5% |
| 资本支出强度资本支出/营收 | 6.8% | 12.6% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流CSGPLITE
| Q4 25 | $162.1M | $126.7M | ||
| Q3 25 | $68.2M | $57.9M | ||
| Q2 25 | $146.5M | $64.0M | ||
| Q1 25 | $53.2M | $-1.6M | ||
| Q4 24 | $94.6M | $24.3M | ||
| Q3 24 | $100.3M | $39.6M | ||
| Q2 24 | $58.1M | $35.5M | ||
| Q1 24 | $139.6M | $-7.0M |
自由现金流CSGPLITE
| Q4 25 | $101.3M | $43.1M | ||
| Q3 25 | $-5.5M | $-18.3M | ||
| Q2 25 | $27.7M | $10.1M | ||
| Q1 25 | $-500.0K | $-64.4M | ||
| Q4 24 | $25.2M | $-15.9M | ||
| Q3 24 | $40.2M | $-34.5M | ||
| Q2 24 | $-14.7M | $10.9M | ||
| Q1 24 | $-237.1M | $-26.6M |
自由现金流率CSGPLITE
| Q4 25 | 11.3% | 6.5% | ||
| Q3 25 | -0.7% | -3.4% | ||
| Q2 25 | 3.5% | 2.1% | ||
| Q1 25 | -0.1% | -15.1% | ||
| Q4 24 | 3.6% | -4.0% | ||
| Q3 24 | 5.8% | -10.2% | ||
| Q2 24 | -2.2% | 3.5% | ||
| Q1 24 | -36.1% | -7.3% |
资本支出强度CSGPLITE
| Q4 25 | 6.8% | 12.6% | ||
| Q3 25 | 8.8% | 14.3% | ||
| Q2 25 | 15.2% | 11.2% | ||
| Q1 25 | 7.3% | 14.8% | ||
| Q4 24 | 9.8% | 10.0% | ||
| Q3 24 | 8.7% | 22.0% | ||
| Q2 24 | 10.7% | 8.0% | ||
| Q1 24 | 57.4% | 5.3% |
现金转化率CSGPLITE
| Q4 25 | 3.49× | 1.62× | ||
| Q3 25 | — | 13.79× | ||
| Q2 25 | 23.63× | 0.30× | ||
| 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% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
