vs
CoStar Group（CSGP）与玛斯特锁（MBC）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是玛斯特锁的1.4倍（$899.9M vs $644.6M），CoStar Group净利率更高（5.2% vs -6.5%，领先11.7%），CoStar Group同比增速更快（26.9% vs -3.5%），CoStar Group自由现金流更多（$101.3M vs $52.5M），过去两年CoStar Group的营收复合增速更高（17.1% vs 0.5%）
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。
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
CSGP vs MBC — 直观对比
营收规模更大
CSGP
是对方的1.4倍
$644.6M
营收增速更快
CSGP
高出30.3%
-3.5%
净利率更高
CSGP
高出11.7%
-6.5%
自由现金流更多
CSGP
多$48.8M
$52.5M
两年增速更快
CSGP
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $644.6M |
| 净利润 | $46.5M | $-42.0M |
| 毛利率 | 78.6% | 26.0% |
| 营业利润率 | 5.5% | -4.2% |
| 净利率 | 5.2% | -6.5% |
| 营收同比 | 26.9% | -3.5% |
| 净利润同比 | -22.2% | -400.0% |
| 每股收益（稀释后） | $0.12 | $-0.32 |
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CSGPMBC
| Q4 25 | $899.9M | $644.6M | ||
| Q3 25 | $833.6M | $698.9M | ||
| Q2 25 | $781.3M | $730.9M | ||
| Q1 25 | $732.2M | $660.3M | ||
| Q4 24 | $709.4M | $667.7M | ||
| Q3 24 | $692.6M | $718.1M | ||
| Q2 24 | $677.8M | $676.5M | ||
| Q1 24 | $656.4M | $638.1M |
净利润CSGPMBC
| Q4 25 | $46.5M | $-42.0M | ||
| Q3 25 | $-30.9M | $18.1M | ||
| Q2 25 | $6.2M | $37.3M | ||
| Q1 25 | $-14.8M | $13.3M | ||
| Q4 24 | $59.8M | $14.0M | ||
| Q3 24 | $53.0M | $29.1M | ||
| Q2 24 | $19.2M | $45.3M | ||
| Q1 24 | $6.7M | $37.5M |
毛利率CSGPMBC
| Q4 25 | 78.6% | 26.0% | ||
| Q3 25 | 79.3% | 31.2% | ||
| Q2 25 | 78.5% | 32.8% | ||
| Q1 25 | 79.1% | 30.6% | ||
| Q4 24 | 80.1% | 30.4% | ||
| Q3 24 | 79.7% | 33.1% | ||
| Q2 24 | 80.0% | 34.1% | ||
| Q1 24 | 78.5% | 32.1% |
营业利润率CSGPMBC
| Q4 25 | 5.5% | -4.2% | ||
| Q3 25 | -6.1% | 6.0% | ||
| Q2 25 | -3.5% | 9.2% | ||
| Q1 25 | -5.8% | 5.6% | ||
| Q4 24 | 5.6% | 5.6% | ||
| Q3 24 | 3.4% | 8.0% | ||
| Q2 24 | -2.4% | 11.5% | ||
| Q1 24 | -6.5% | 9.8% |
净利率CSGPMBC
| Q4 25 | 5.2% | -6.5% | ||
| Q3 25 | -3.7% | 2.6% | ||
| Q2 25 | 0.8% | 5.1% | ||
| Q1 25 | -2.0% | 2.0% | ||
| Q4 24 | 8.4% | 2.1% | ||
| Q3 24 | 7.7% | 4.1% | ||
| Q2 24 | 2.8% | 6.7% | ||
| Q1 24 | 1.0% | 5.9% |
每股收益（稀释后）CSGPMBC
| Q4 25 | $0.12 | $-0.32 | ||
| Q3 25 | $-0.07 | $0.14 | ||
| Q2 25 | $0.01 | $0.29 | ||
| Q1 25 | $-0.04 | $0.10 | ||
| Q4 24 | $0.14 | $0.10 | ||
| Q3 24 | $0.13 | $0.22 | ||
| Q2 24 | $0.05 | $0.35 | ||
| Q1 24 | $0.02 | $0.29 |
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 | $183.3M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $1.3B |
| 总资产 | $10.5B | $3.1B |
| 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CSGPMBC
| Q4 25 | $1.6B | $183.3M | ||
| Q3 25 | $1.9B | $114.8M | ||
| Q2 25 | $3.6B | $120.1M | ||
| Q1 25 | $3.7B | $113.5M | ||
| Q4 24 | $4.7B | $120.6M | ||
| Q3 24 | — | $108.4M | ||
| Q2 24 | — | $189.4M | ||
| Q1 24 | — | $153.7M |
总债务CSGPMBC
| Q4 25 | $140.0M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益CSGPMBC
| Q4 25 | $8.3B | $1.3B | ||
| Q3 25 | $8.6B | $1.4B | ||
| Q2 25 | $8.6B | $1.4B | ||
| Q1 25 | $8.6B | $1.3B | ||
| Q4 24 | $7.6B | $1.3B | ||
| Q3 24 | $7.5B | $1.3B | ||
| Q2 24 | $7.4B | $1.3B | ||
| Q1 24 | $7.3B | $1.2B |
总资产CSGPMBC
| Q4 25 | $10.5B | $3.1B | ||
| Q3 25 | $10.8B | $3.0B | ||
| Q2 25 | $10.5B | $3.0B | ||
| Q1 25 | $10.4B | $3.0B | ||
| Q4 24 | $9.3B | $2.9B | ||
| Q3 24 | $9.1B | $3.0B | ||
| Q2 24 | $9.1B | $2.4B | ||
| Q1 24 | $9.0B | $2.4B |
负债/权益比CSGPMBC
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.13× | 0.79× | ||
| Q3 24 | 0.13× | 0.83× | ||
| 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 | $86.9M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $52.5M |
| 自由现金流率自由现金流/营收 | 11.3% | 8.1% |
| 资本支出强度资本支出/营收 | 6.8% | 5.3% |
| 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 | $117.5M |
8季度趋势，按日历期对齐
经营现金流CSGPMBC
| Q4 25 | $162.1M | $86.9M | ||
| Q3 25 | $68.2M | $55.4M | ||
| Q2 25 | $146.5M | $84.8M | ||
| Q1 25 | $53.2M | $-31.4M | ||
| Q4 24 | $94.6M | $115.1M | ||
| Q3 24 | $100.3M | $80.8M | ||
| Q2 24 | $58.1M | $77.4M | ||
| Q1 24 | $139.6M | $18.7M |
自由现金流CSGPMBC
| Q4 25 | $101.3M | $52.5M | ||
| Q3 25 | $-5.5M | $39.5M | ||
| Q2 25 | $27.7M | $66.7M | ||
| Q1 25 | $-500.0K | $-41.2M | ||
| Q4 24 | $25.2M | $68.8M | ||
| Q3 24 | $40.2M | $64.5M | ||
| Q2 24 | $-14.7M | $66.1M | ||
| Q1 24 | $-237.1M | $11.7M |
自由现金流率CSGPMBC
| Q4 25 | 11.3% | 8.1% | ||
| Q3 25 | -0.7% | 5.7% | ||
| Q2 25 | 3.5% | 9.1% | ||
| Q1 25 | -0.1% | -6.2% | ||
| Q4 24 | 3.6% | 10.3% | ||
| Q3 24 | 5.8% | 9.0% | ||
| Q2 24 | -2.2% | 9.8% | ||
| Q1 24 | -36.1% | 1.8% |
资本支出强度CSGPMBC
| Q4 25 | 6.8% | 5.3% | ||
| Q3 25 | 8.8% | 2.3% | ||
| Q2 25 | 15.2% | 2.5% | ||
| Q1 25 | 7.3% | 1.5% | ||
| Q4 24 | 9.8% | 6.9% | ||
| Q3 24 | 8.7% | 2.3% | ||
| Q2 24 | 10.7% | 1.7% | ||
| Q1 24 | 57.4% | 1.1% |
现金转化率CSGPMBC
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | 3.06× | ||
| Q2 25 | 23.63× | 2.27× | ||
| Q1 25 | — | -2.36× | ||
| Q4 24 | 1.58× | 8.22× | ||
| Q3 24 | 1.89× | 2.78× | ||
| Q2 24 | 3.03× | 1.71× | ||
| Q1 24 | 20.84× | 0.50× |
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% |
MBC
| Dealers | $345.7M | 54% |
| Retail | $220.0M | 34% |
| Builders | $78.9M | 12% |
