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CoStar Group（CSGP）与MDU RESOURCES GROUP INC（MDU）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MDU RESOURCES GROUP INC的1.7倍（$899.9M vs $522.6M），MDU RESOURCES GROUP INC净利率更高（14.6% vs 5.2%，领先9.4%），CoStar Group同比增速更快（26.9% vs -1.6%），CoStar Group自由现金流更多（$101.3M vs $-336.0M），过去两年CoStar Group的营收复合增速更高（17.1% vs -5.7%）
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。
MDU资源集团是一家总部位于美国北达科他州俾斯麦的企业，业务涵盖受监管的能源输送供应，以及公用事业相关的建筑材料与服务，业务范围覆盖美国48个州，是当地能源及基建服务领域的重要参与者。
CSGP vs MDU — 直观对比
营收规模更大
CSGP
是对方的1.7倍
$522.6M
营收增速更快
CSGP
高出28.4%
-1.6%
净利率更高
MDU
高出9.4%
5.2%
自由现金流更多
CSGP
多$437.3M
$-336.0M
两年增速更快
CSGP
近两年复合增速
-5.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $522.6M |
| 净利润 | $46.5M | $76.3M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | 20.5% |
| 净利率 | 5.2% | 14.6% |
| 营收同比 | 26.9% | -1.6% |
| 净利润同比 | -22.2% | 38.4% |
| 每股收益（稀释后） | $0.12 | $0.37 |
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CSGPMDU
| Q4 25 | $899.9M | $522.6M | ||
| Q3 25 | $833.6M | $313.6M | ||
| Q2 25 | $781.3M | $348.7M | ||
| Q1 25 | $732.2M | $678.0M | ||
| Q4 24 | $709.4M | $531.0M | ||
| Q3 24 | $692.6M | $290.7M | ||
| Q2 24 | $677.8M | $343.1M | ||
| Q1 24 | $656.4M | $588.2M |
净利润CSGPMDU
| Q4 25 | $46.5M | $76.3M | ||
| Q3 25 | $-30.9M | $18.3M | ||
| Q2 25 | $6.2M | $13.8M | ||
| Q1 25 | $-14.8M | $82.0M | ||
| Q4 24 | $59.8M | $55.2M | ||
| Q3 24 | $53.0M | $64.6M | ||
| Q2 24 | $19.2M | $60.4M | ||
| Q1 24 | $6.7M | $100.9M |
毛利率CSGPMDU
| Q4 25 | 78.6% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 78.5% | — | ||
| Q1 25 | 79.1% | — | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | 79.7% | — | ||
| Q2 24 | 80.0% | — | ||
| Q1 24 | 78.5% | — |
营业利润率CSGPMDU
| Q4 25 | 5.5% | 20.5% | ||
| Q3 25 | -6.1% | 12.7% | ||
| Q2 25 | -3.5% | 8.7% | ||
| Q1 25 | -5.8% | 16.6% | ||
| Q4 24 | 5.6% | 17.8% | ||
| Q3 24 | 3.4% | 12.0% | ||
| Q2 24 | -2.4% | 11.5% | ||
| Q1 24 | -6.5% | 16.4% |
净利率CSGPMDU
| Q4 25 | 5.2% | 14.6% | ||
| Q3 25 | -3.7% | 5.8% | ||
| Q2 25 | 0.8% | 4.0% | ||
| Q1 25 | -2.0% | 12.1% | ||
| Q4 24 | 8.4% | 10.4% | ||
| Q3 24 | 7.7% | 22.2% | ||
| Q2 24 | 2.8% | 17.6% | ||
| Q1 24 | 1.0% | 17.2% |
每股收益（稀释后）CSGPMDU
| Q4 25 | $0.12 | $0.37 | ||
| Q3 25 | $-0.07 | $0.09 | ||
| Q2 25 | $0.01 | $0.07 | ||
| Q1 25 | $-0.04 | $0.40 | ||
| Q4 24 | $0.14 | $0.26 | ||
| Q3 24 | $0.13 | $0.32 | ||
| Q2 24 | $0.05 | $0.30 | ||
| Q1 24 | $0.02 | $0.49 |
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 | $28.2M |
| 总债务越低越好 | $140.0M | $2.7B |
| 股东权益账面价值 | $8.3B | $2.8B |
| 总资产 | $10.5B | $7.6B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.97× |
8季度趋势，按日历期对齐
现金及短期投资CSGPMDU
| Q4 25 | $1.6B | $28.2M | ||
| Q3 25 | $1.9B | $75.9M | ||
| Q2 25 | $3.6B | $58.8M | ||
| Q1 25 | $3.7B | $59.5M | ||
| Q4 24 | $4.7B | $66.9M | ||
| Q3 24 | — | $88.3M | ||
| Q2 24 | — | $78.8M | ||
| Q1 24 | — | $72.7M |
总债务CSGPMDU
| Q4 25 | $140.0M | $2.7B | ||
| Q3 25 | $1.0B | $2.4B | ||
| Q2 25 | $1.0B | $2.2B | ||
| Q1 25 | $1.0B | $2.2B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $1.0B | $2.3B | ||
| Q2 24 | $1.0B | $2.3B | ||
| Q1 24 | $1.0B | $2.3B |
股东权益CSGPMDU
| Q4 25 | $8.3B | $2.8B | ||
| Q3 25 | $8.6B | $2.7B | ||
| Q2 25 | $8.6B | $2.7B | ||
| Q1 25 | $8.6B | $2.7B | ||
| Q4 24 | $7.6B | $2.7B | ||
| Q3 24 | $7.5B | $3.1B | ||
| Q2 24 | $7.4B | $3.0B | ||
| Q1 24 | $7.3B | $3.0B |
总资产CSGPMDU
| Q4 25 | $10.5B | $7.6B | ||
| Q3 25 | $10.8B | $7.2B | ||
| Q2 25 | $10.5B | $6.9B | ||
| Q1 25 | $10.4B | $7.0B | ||
| Q4 24 | $9.3B | $7.0B | ||
| Q3 24 | $9.1B | $8.2B | ||
| Q2 24 | $9.1B | $8.0B | ||
| Q1 24 | $9.0B | $7.8B |
负债/权益比CSGPMDU
| Q4 25 | 0.02× | 0.97× | ||
| Q3 25 | 0.12× | 0.86× | ||
| Q2 25 | 0.12× | 0.80× | ||
| Q1 25 | 0.12× | 0.80× | ||
| Q4 24 | 0.13× | 0.85× | ||
| Q3 24 | 0.13× | 0.76× | ||
| Q2 24 | 0.14× | 0.75× | ||
| Q1 24 | 0.14× | 0.76× |
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 | $80.6M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $-336.0M |
| 自由现金流率自由现金流/营收 | 11.3% | -64.3% |
| 资本支出强度资本支出/营收 | 6.8% | 79.7% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $-297.0M |
8季度趋势，按日历期对齐
经营现金流CSGPMDU
| Q4 25 | $162.1M | $80.6M | ||
| Q3 25 | $68.2M | $57.9M | ||
| Q2 25 | $146.5M | $117.4M | ||
| Q1 25 | $53.2M | $217.5M | ||
| Q4 24 | $94.6M | $60.5M | ||
| Q3 24 | $100.3M | $140.2M | ||
| Q2 24 | $58.1M | $136.5M | ||
| Q1 24 | $139.6M | $165.1M |
自由现金流CSGPMDU
| Q4 25 | $101.3M | $-336.0M | ||
| Q3 25 | $-5.5M | $-121.9M | ||
| Q2 25 | $27.7M | $36.5M | ||
| Q1 25 | $-500.0K | $124.4M | ||
| Q4 24 | $25.2M | $-95.8M | ||
| Q3 24 | $40.2M | $673.0K | ||
| Q2 24 | $-14.7M | $26.5M | ||
| Q1 24 | $-237.1M | $48.1M |
自由现金流率CSGPMDU
| Q4 25 | 11.3% | -64.3% | ||
| Q3 25 | -0.7% | -38.9% | ||
| Q2 25 | 3.5% | 10.5% | ||
| Q1 25 | -0.1% | 18.4% | ||
| Q4 24 | 3.6% | -18.0% | ||
| Q3 24 | 5.8% | 0.2% | ||
| Q2 24 | -2.2% | 7.7% | ||
| Q1 24 | -36.1% | 8.2% |
资本支出强度CSGPMDU
| Q4 25 | 6.8% | 79.7% | ||
| Q3 25 | 8.8% | 57.3% | ||
| Q2 25 | 15.2% | 23.2% | ||
| Q1 25 | 7.3% | 13.7% | ||
| Q4 24 | 9.8% | 29.4% | ||
| Q3 24 | 8.7% | 48.0% | ||
| Q2 24 | 10.7% | 32.0% | ||
| Q1 24 | 57.4% | 19.9% |
现金转化率CSGPMDU
| Q4 25 | 3.49× | 1.06× | ||
| Q3 25 | — | 3.16× | ||
| Q2 25 | 23.63× | 8.52× | ||
| Q1 25 | — | 2.65× | ||
| Q4 24 | 1.58× | 1.10× | ||
| Q3 24 | 1.89× | 2.17× | ||
| Q2 24 | 3.03× | 2.26× | ||
| Q1 24 | 20.84× | 1.64× |
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% |
MDU
| Natural Gas Distribution | $382.8M | 73% |
| Commercial Utility Sales | $42.7M | 8% |
| Residential Utility Sales | $33.7M | 6% |
| Pipelineand Midstream | $31.1M | 6% |
| Natural Gas Transportation | $17.2M | 3% |
| Industrial Utility Sales | $10.1M | 2% |
| Natural Gas Storage | $6.4M | 1% |
| Other Utility Sales | $1.9M | 0% |
