vs
CoStar Group（CSGP）与罗技（LOGI）财务数据对比。点击上方公司名可切换其他公司
罗技的季度营收约是CoStar Group的1.6倍（$1.4B vs $899.9M），罗技净利率更高（17.7% vs 5.2%，领先12.5%），CoStar Group同比增速更快（26.9% vs 6.1%），罗技自由现金流更多（$465.6M vs $101.3M），过去两年罗技的营收复合增速更高（18.5% 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。
罗技国际是总部位于瑞士洛桑的跨国企业，专注于计算机外设及相关软件的研发与生产，在欧洲、亚洲、大洋洲、美洲均设有分支机构，为瑞士市场指数成分股，同时在纳斯达克交易所挂牌上市。
CSGP vs LOGI — 直观对比
营收规模更大
LOGI
是对方的1.6倍
$899.9M
营收增速更快
CSGP
高出20.8%
6.1%
净利率更高
LOGI
高出12.5%
5.2%
自由现金流更多
LOGI
多$364.3M
$101.3M
两年增速更快
LOGI
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.4B |
| 净利润 | $46.5M | $251.0M |
| 毛利率 | 78.6% | 43.2% |
| 营业利润率 | 5.5% | 20.1% |
| 净利率 | 5.2% | 17.7% |
| 营收同比 | 26.9% | 6.1% |
| 净利润同比 | -22.2% | 25.4% |
| 每股收益（稀释后） | $0.12 | $1.69 |
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CSGPLOGI
| Q4 25 | $899.9M | $1.4B | ||
| Q3 25 | $833.6M | $1.2B | ||
| Q2 25 | $781.3M | $1.1B | ||
| Q1 25 | $732.2M | $1.0B | ||
| Q4 24 | $709.4M | $1.3B | ||
| Q3 24 | $692.6M | $1.1B | ||
| Q2 24 | $677.8M | $1.1B | ||
| Q1 24 | $656.4M | $1.0B |
净利润CSGPLOGI
| Q4 25 | $46.5M | $251.0M | ||
| Q3 25 | $-30.9M | $170.7M | ||
| Q2 25 | $6.2M | $146.0M | ||
| Q1 25 | $-14.8M | $144.1M | ||
| Q4 24 | $59.8M | $200.1M | ||
| Q3 24 | $53.0M | $145.5M | ||
| Q2 24 | $19.2M | $141.8M | ||
| Q1 24 | $6.7M | $167.6M |
毛利率CSGPLOGI
| Q4 25 | 78.6% | 43.2% | ||
| Q3 25 | 79.3% | 43.4% | ||
| Q2 25 | 78.5% | 41.7% | ||
| Q1 25 | 79.1% | 43.1% | ||
| Q4 24 | 80.1% | 42.9% | ||
| Q3 24 | 79.7% | 43.6% | ||
| Q2 24 | 80.0% | 42.8% | ||
| Q1 24 | 78.5% | 43.2% |
营业利润率CSGPLOGI
| Q4 25 | 5.5% | 20.1% | ||
| Q3 25 | -6.1% | 16.1% | ||
| Q2 25 | -3.5% | 14.1% | ||
| Q1 25 | -5.8% | 10.5% | ||
| Q4 24 | 5.6% | 17.5% | ||
| Q3 24 | 3.4% | 14.4% | ||
| Q2 24 | -2.4% | 14.1% | ||
| Q1 24 | -6.5% | 12.9% |
净利率CSGPLOGI
| Q4 25 | 5.2% | 17.7% | ||
| Q3 25 | -3.7% | 14.4% | ||
| Q2 25 | 0.8% | 12.7% | ||
| Q1 25 | -2.0% | 14.3% | ||
| Q4 24 | 8.4% | 14.9% | ||
| Q3 24 | 7.7% | 13.0% | ||
| Q2 24 | 2.8% | 13.0% | ||
| Q1 24 | 1.0% | 16.6% |
每股收益（稀释后）CSGPLOGI
| Q4 25 | $0.12 | $1.69 | ||
| Q3 25 | $-0.07 | $1.15 | ||
| Q2 25 | $0.01 | $0.98 | ||
| Q1 25 | $-0.04 | $0.94 | ||
| Q4 24 | $0.14 | $1.32 | ||
| Q3 24 | $0.13 | $0.95 | ||
| Q2 24 | $0.05 | $0.92 | ||
| Q1 24 | $0.02 | $1.07 |
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 | $1.8B |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $2.3B |
| 总资产 | $10.5B | $4.1B |
| 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CSGPLOGI
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $3.6B | $1.5B | ||
| Q1 25 | $3.7B | $1.5B | ||
| Q4 24 | $4.7B | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
总债务CSGPLOGI
| 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CSGPLOGI
| Q4 25 | $8.3B | $2.3B | ||
| Q3 25 | $8.6B | $2.1B | ||
| Q2 25 | $8.6B | $2.2B | ||
| Q1 25 | $8.6B | $2.1B | ||
| Q4 24 | $7.6B | $2.1B | ||
| Q3 24 | $7.5B | $2.1B | ||
| Q2 24 | $7.4B | $2.2B | ||
| Q1 24 | $7.3B | $2.2B |
总资产CSGPLOGI
| Q4 25 | $10.5B | $4.1B | ||
| Q3 25 | $10.8B | $3.7B | ||
| Q2 25 | $10.5B | $3.7B | ||
| Q1 25 | $10.4B | $3.5B | ||
| Q4 24 | $9.3B | $3.7B | ||
| Q3 24 | $9.1B | $3.6B | ||
| Q2 24 | $9.1B | $3.7B | ||
| Q1 24 | $9.0B | $3.6B |
负债/权益比CSGPLOGI
| 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 | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $465.6M |
| 自由现金流率自由现金流/营收 | 11.3% | 32.8% |
| 资本支出强度资本支出/营收 | 6.8% | 1.0% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $903.6M |
8季度趋势，按日历期对齐
经营现金流CSGPLOGI
| Q4 25 | $162.1M | $480.5M | ||
| Q3 25 | $68.2M | $228.8M | ||
| Q2 25 | $146.5M | $125.0M | ||
| Q1 25 | $53.2M | $129.7M | ||
| Q4 24 | $94.6M | $370.9M | ||
| Q3 24 | $100.3M | $166.0M | ||
| Q2 24 | $58.1M | $176.0M | ||
| Q1 24 | $139.6M | $239.1M |
自由现金流CSGPLOGI
| Q4 25 | $101.3M | $465.6M | ||
| Q3 25 | $-5.5M | $212.3M | ||
| Q2 25 | $27.7M | $108.8M | ||
| Q1 25 | $-500.0K | $116.9M | ||
| Q4 24 | $25.2M | $356.6M | ||
| Q3 24 | $40.2M | $151.5M | ||
| Q2 24 | $-14.7M | $161.4M | ||
| Q1 24 | $-237.1M | $228.8M |
自由现金流率CSGPLOGI
| Q4 25 | 11.3% | 32.8% | ||
| Q3 25 | -0.7% | 17.9% | ||
| Q2 25 | 3.5% | 9.5% | ||
| Q1 25 | -0.1% | 11.6% | ||
| Q4 24 | 3.6% | 26.6% | ||
| Q3 24 | 5.8% | 13.6% | ||
| Q2 24 | -2.2% | 14.8% | ||
| Q1 24 | -36.1% | 22.6% |
资本支出强度CSGPLOGI
| Q4 25 | 6.8% | 1.0% | ||
| Q3 25 | 8.8% | 1.4% | ||
| Q2 25 | 15.2% | 1.4% | ||
| Q1 25 | 7.3% | 1.3% | ||
| Q4 24 | 9.8% | 1.1% | ||
| Q3 24 | 8.7% | 1.3% | ||
| Q2 24 | 10.7% | 1.3% | ||
| Q1 24 | 57.4% | 1.0% |
现金转化率CSGPLOGI
| Q4 25 | 3.49× | 1.91× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | 23.63× | 0.86× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | 1.58× | 1.85× | ||
| Q3 24 | 1.89× | 1.14× | ||
| Q2 24 | 3.03× | 1.24× | ||
| Q1 24 | 20.84× | 1.43× |
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% |
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
