vs
CoStar Group（CSGP）与赫曼米勒（MLKN）财务数据对比。点击上方公司名可切换其他公司
赫曼米勒的季度营收约是CoStar Group的1.1倍（$955.2M vs $899.9M），CoStar Group净利率更高（5.2% vs 2.5%，领先2.6%），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 $34.0M）
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。
米勒诺尔公司以赫曼米勒之名开展业务，是美国知名办公家具、设备及家居产品制造商。其推出的埃隆椅、野口勇茶几、棉花糖沙发、米拉椅、伊姆斯休闲椅等产品享誉全球，此外该公司还在1968年研发出了现代办公隔间。
CSGP vs MLKN — 直观对比
营收规模更大
MLKN
是对方的1.1倍
$899.9M
营收增速更快
CSGP
高出28.4%
-1.6%
净利率更高
CSGP
高出2.6%
2.5%
自由现金流更多
CSGP
多$67.3M
$34.0M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $955.2M |
| 净利润 | $46.5M | $24.2M |
| 毛利率 | 78.6% | 39.0% |
| 营业利润率 | 5.5% | 5.1% |
| 净利率 | 5.2% | 2.5% |
| 营收同比 | 26.9% | -1.6% |
| 净利润同比 | -22.2% | -29.0% |
| 每股收益（稀释后） | $0.12 | $0.35 |
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CSGPMLKN
| Q4 25 | $899.9M | $955.2M | ||
| Q3 25 | $833.6M | $955.7M | ||
| Q2 25 | $781.3M | — | ||
| Q1 25 | $732.2M | — | ||
| Q4 24 | $709.4M | — | ||
| Q3 24 | $692.6M | — | ||
| Q2 24 | $677.8M | — | ||
| Q1 24 | $656.4M | — |
净利润CSGPMLKN
| Q4 25 | $46.5M | $24.2M | ||
| Q3 25 | $-30.9M | $20.2M | ||
| Q2 25 | $6.2M | — | ||
| Q1 25 | $-14.8M | — | ||
| Q4 24 | $59.8M | — | ||
| Q3 24 | $53.0M | — | ||
| Q2 24 | $19.2M | — | ||
| Q1 24 | $6.7M | — |
毛利率CSGPMLKN
| Q4 25 | 78.6% | 39.0% | ||
| Q3 25 | 79.3% | 38.5% | ||
| 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CSGPMLKN
| Q4 25 | 5.5% | 5.1% | ||
| Q3 25 | -6.1% | 5.6% | ||
| Q2 25 | -3.5% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | -2.4% | — | ||
| Q1 24 | -6.5% | — |
净利率CSGPMLKN
| Q4 25 | 5.2% | 2.5% | ||
| Q3 25 | -3.7% | 2.1% | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 7.7% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 1.0% | — |
每股收益（稀释后）CSGPMLKN
| Q4 25 | $0.12 | $0.35 | ||
| Q3 25 | $-0.07 | $0.29 | ||
| Q2 25 | $0.01 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $0.14 | — | ||
| Q3 24 | $0.13 | — | ||
| Q2 24 | $0.05 | — | ||
| Q1 24 | $0.02 | — |
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 | $180.4M |
| 总债务越低越好 | $140.0M | $1.3B |
| 股东权益账面价值 | $8.3B | $1.3B |
| 总资产 | $10.5B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.02× | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资CSGPMLKN
| Q4 25 | $1.6B | $180.4M | ||
| Q3 25 | $1.9B | $167.2M | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务CSGPMLKN
| Q4 25 | $140.0M | $1.3B | ||
| Q3 25 | $1.0B | $1.3B | ||
| 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CSGPMLKN
| Q4 25 | $8.3B | $1.3B | ||
| Q3 25 | $8.6B | $1.3B | ||
| Q2 25 | $8.6B | — | ||
| Q1 25 | $8.6B | — | ||
| Q4 24 | $7.6B | — | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $7.4B | — | ||
| Q1 24 | $7.3B | — |
总资产CSGPMLKN
| Q4 25 | $10.5B | $3.9B | ||
| Q3 25 | $10.8B | $3.9B | ||
| Q2 25 | $10.5B | — | ||
| Q1 25 | $10.4B | — | ||
| Q4 24 | $9.3B | — | ||
| Q3 24 | $9.1B | — | ||
| Q2 24 | $9.1B | — | ||
| Q1 24 | $9.0B | — |
负债/权益比CSGPMLKN
| Q4 25 | 0.02× | 1.02× | ||
| Q3 25 | 0.12× | 1.02× | ||
| 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 | $64.6M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $34.0M |
| 自由现金流率自由现金流/营收 | 11.3% | 3.6% |
| 资本支出强度资本支出/营收 | 6.8% | 3.2% |
| 现金转化率经营现金流/净利润 | 3.49× | 2.67× |
| 过去12个月自由现金流最近4个季度 | $123.0M | — |
8季度趋势，按日历期对齐
经营现金流CSGPMLKN
| Q4 25 | $162.1M | $64.6M | ||
| Q3 25 | $68.2M | $9.4M | ||
| Q2 25 | $146.5M | — | ||
| Q1 25 | $53.2M | — | ||
| Q4 24 | $94.6M | — | ||
| Q3 24 | $100.3M | — | ||
| Q2 24 | $58.1M | — | ||
| Q1 24 | $139.6M | — |
自由现金流CSGPMLKN
| Q4 25 | $101.3M | $34.0M | ||
| Q3 25 | $-5.5M | $-21.3M | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $-500.0K | — | ||
| Q4 24 | $25.2M | — | ||
| Q3 24 | $40.2M | — | ||
| Q2 24 | $-14.7M | — | ||
| Q1 24 | $-237.1M | — |
自由现金流率CSGPMLKN
| Q4 25 | 11.3% | 3.6% | ||
| Q3 25 | -0.7% | -2.2% | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | -2.2% | — | ||
| Q1 24 | -36.1% | — |
资本支出强度CSGPMLKN
| Q4 25 | 6.8% | 3.2% | ||
| Q3 25 | 8.8% | 3.2% | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | 7.3% | — | ||
| Q4 24 | 9.8% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 57.4% | — |
现金转化率CSGPMLKN
| Q4 25 | 3.49× | 2.67× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | 23.63× | — | ||
| 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% |
MLKN
| Workplace | $309.9M | 32% |
| Global Retail Segment | $275.8M | 29% |
| International Contract Segment | $170.9M | 18% |
| Performance Seating | $101.1M | 11% |
| Lifestyle | $52.9M | 6% |
| Other Products | $44.6M | 5% |
