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CoStar Group（CSGP）与Life Time Group Holdings, Inc.（LTH）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Life Time Group Holdings, Inc.的1.2倍（$899.9M vs $745.1M），Life Time Group Holdings, Inc.净利率更高（16.5% vs 5.2%，领先11.3%），CoStar Group同比增速更快（26.9% vs 12.3%），CoStar Group自由现金流更多（$101.3M vs $-64.6M），过去两年CoStar Group的营收复合增速更高（17.1% vs 11.7%）
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。
Life Time Group Holdings是美国高端健身康养服务运营商，在全美运营连锁高端运动场馆，提供健身器材使用、团体课程、私教指导、SPA护理、营养咨询、青少年运动项目及联合办公等服务，服务于追求健康生活方式的消费群体。
CSGP vs LTH — 直观对比
营收规模更大
CSGP
是对方的1.2倍
$745.1M
营收增速更快
CSGP
高出14.5%
12.3%
净利率更高
LTH
高出11.3%
5.2%
自由现金流更多
CSGP
多$165.9M
$-64.6M
两年增速更快
CSGP
近两年复合增速
11.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $745.1M |
| 净利润 | $46.5M | $123.0M |
| 毛利率 | 78.6% | 49.1% |
| 营业利润率 | 5.5% | 17.4% |
| 净利率 | 5.2% | 16.5% |
| 营收同比 | 26.9% | 12.3% |
| 净利润同比 | -22.2% | 231.0% |
| 每股收益（稀释后） | $0.12 | $0.55 |
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CSGPLTH
| Q4 25 | $899.9M | $745.1M | ||
| Q3 25 | $833.6M | $782.6M | ||
| Q2 25 | $781.3M | $761.5M | ||
| Q1 25 | $732.2M | $706.0M | ||
| Q4 24 | $709.4M | $663.3M | ||
| Q3 24 | $692.6M | $693.2M | ||
| Q2 24 | $677.8M | $667.8M | ||
| Q1 24 | $656.4M | $596.7M |
净利润CSGPLTH
| Q4 25 | $46.5M | $123.0M | ||
| Q3 25 | $-30.9M | $102.4M | ||
| Q2 25 | $6.2M | $72.1M | ||
| Q1 25 | $-14.8M | $76.1M | ||
| Q4 24 | $59.8M | $37.2M | ||
| Q3 24 | $53.0M | $41.4M | ||
| Q2 24 | $19.2M | $52.8M | ||
| Q1 24 | $6.7M | $24.9M |
毛利率CSGPLTH
| Q4 25 | 78.6% | 49.1% | ||
| Q3 25 | 79.3% | 47.1% | ||
| Q2 25 | 78.5% | 47.0% | ||
| Q1 25 | 79.1% | 47.5% | ||
| Q4 24 | 80.1% | 48.2% | ||
| Q3 24 | 79.7% | 46.5% | ||
| Q2 24 | 80.0% | 46.8% | ||
| Q1 24 | 78.5% | 46.1% |
营业利润率CSGPLTH
| Q4 25 | 5.5% | 17.4% | ||
| Q3 25 | -6.1% | 17.3% | ||
| Q2 25 | -3.5% | 14.2% | ||
| Q1 25 | -5.8% | 15.2% | ||
| Q4 24 | 5.6% | 13.1% | ||
| Q3 24 | 3.4% | 13.5% | ||
| Q2 24 | -2.4% | 15.7% | ||
| Q1 24 | -6.5% | 12.1% |
净利率CSGPLTH
| Q4 25 | 5.2% | 16.5% | ||
| Q3 25 | -3.7% | 13.1% | ||
| Q2 25 | 0.8% | 9.5% | ||
| Q1 25 | -2.0% | 10.8% | ||
| Q4 24 | 8.4% | 5.6% | ||
| Q3 24 | 7.7% | 6.0% | ||
| Q2 24 | 2.8% | 7.9% | ||
| Q1 24 | 1.0% | 4.2% |
每股收益（稀释后）CSGPLTH
| Q4 25 | $0.12 | $0.55 | ||
| Q3 25 | $-0.07 | $0.45 | ||
| Q2 25 | $0.01 | $0.32 | ||
| Q1 25 | $-0.04 | $0.34 | ||
| Q4 24 | $0.14 | $0.17 | ||
| Q3 24 | $0.13 | $0.19 | ||
| Q2 24 | $0.05 | $0.26 | ||
| Q1 24 | $0.02 | $0.12 |
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 | $204.8M |
| 总债务越低越好 | $140.0M | $1.5B |
| 股东权益账面价值 | $8.3B | $3.1B |
| 总资产 | $10.5B | $8.0B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.48× |
8季度趋势，按日历期对齐
现金及短期投资CSGPLTH
| Q4 25 | $1.6B | $204.8M | ||
| Q3 25 | $1.9B | $218.9M | ||
| Q2 25 | $3.6B | $175.5M | ||
| Q1 25 | $3.7B | $59.0M | ||
| Q4 24 | $4.7B | $10.9M | ||
| Q3 24 | — | $120.9M | ||
| Q2 24 | — | $34.5M | ||
| Q1 24 | — | $18.6M |
总债务CSGPLTH
| Q4 25 | $140.0M | $1.5B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $1.0B | $1.8B | ||
| Q1 24 | $1.0B | $2.0B |
股东权益CSGPLTH
| Q4 25 | $8.3B | $3.1B | ||
| Q3 25 | $8.6B | $3.0B | ||
| Q2 25 | $8.6B | $2.9B | ||
| Q1 25 | $8.6B | $2.7B | ||
| Q4 24 | $7.6B | $2.6B | ||
| Q3 24 | $7.5B | $2.6B | ||
| Q2 24 | $7.4B | $2.4B | ||
| Q1 24 | $7.3B | $2.3B |
总资产CSGPLTH
| Q4 25 | $10.5B | $8.0B | ||
| Q3 25 | $10.8B | $7.8B | ||
| Q2 25 | $10.5B | $7.6B | ||
| Q1 25 | $10.4B | $7.3B | ||
| Q4 24 | $9.3B | $7.2B | ||
| Q3 24 | $9.1B | $7.2B | ||
| Q2 24 | $9.1B | $7.1B | ||
| Q1 24 | $9.0B | $7.1B |
负债/权益比CSGPLTH
| Q4 25 | 0.02× | 0.48× | ||
| Q3 25 | 0.12× | 0.51× | ||
| Q2 25 | 0.12× | 0.53× | ||
| Q1 25 | 0.12× | 0.56× | ||
| Q4 24 | 0.13× | 0.59× | ||
| Q3 24 | 0.13× | 0.64× | ||
| Q2 24 | 0.14× | 0.78× | ||
| Q1 24 | 0.14× | 0.87× |
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 | $239.9M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $-64.6M |
| 自由现金流率自由现金流/营收 | 11.3% | -8.7% |
| 资本支出强度资本支出/营收 | 6.8% | 40.9% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.95× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $-21.0M |
8季度趋势，按日历期对齐
经营现金流CSGPLTH
| Q4 25 | $162.1M | $239.9M | ||
| Q3 25 | $68.2M | $251.1M | ||
| Q2 25 | $146.5M | $195.7M | ||
| Q1 25 | $53.2M | $183.9M | ||
| Q4 24 | $94.6M | $163.1M | ||
| Q3 24 | $100.3M | $151.1M | ||
| Q2 24 | $58.1M | $170.4M | ||
| Q1 24 | $139.6M | $90.4M |
自由现金流CSGPLTH
| Q4 25 | $101.3M | $-64.6M | ||
| Q3 25 | $-5.5M | $28.6M | ||
| Q2 25 | $27.7M | $-26.3M | ||
| Q1 25 | $-500.0K | $41.4M | ||
| Q4 24 | $25.2M | $26.8M | ||
| Q3 24 | $40.2M | $64.0M | ||
| Q2 24 | $-14.7M | $26.1M | ||
| Q1 24 | $-237.1M | $-66.4M |
自由现金流率CSGPLTH
| Q4 25 | 11.3% | -8.7% | ||
| Q3 25 | -0.7% | 3.7% | ||
| Q2 25 | 3.5% | -3.5% | ||
| Q1 25 | -0.1% | 5.9% | ||
| Q4 24 | 3.6% | 4.0% | ||
| Q3 24 | 5.8% | 9.2% | ||
| Q2 24 | -2.2% | 3.9% | ||
| Q1 24 | -36.1% | -11.1% |
资本支出强度CSGPLTH
| Q4 25 | 6.8% | 40.9% | ||
| Q3 25 | 8.8% | 28.4% | ||
| Q2 25 | 15.2% | 29.2% | ||
| Q1 25 | 7.3% | 20.2% | ||
| Q4 24 | 9.8% | 20.6% | ||
| Q3 24 | 8.7% | 12.6% | ||
| Q2 24 | 10.7% | 21.6% | ||
| Q1 24 | 57.4% | 26.3% |
现金转化率CSGPLTH
| Q4 25 | 3.49× | 1.95× | ||
| Q3 25 | — | 2.45× | ||
| Q2 25 | 23.63× | 2.71× | ||
| Q1 25 | — | 2.41× | ||
| Q4 24 | 1.58× | 4.39× | ||
| Q3 24 | 1.89× | 3.65× | ||
| Q2 24 | 3.03× | 3.23× | ||
| Q1 24 | 20.84× | 3.63× |
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% |
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
