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CoStar Group（CSGP）与Martin Marietta Materials（MLM）财务数据对比。点击上方公司名可切换其他公司
Martin Marietta Materials的季度营收约是CoStar Group的1.3倍（$1.1B vs $899.9M），Martin Marietta Materials净利率更高（24.5% vs 5.2%，领先19.3%），CoStar Group同比增速更快（26.9% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs -4.5%）
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。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
CSGP vs MLM — 直观对比
营收规模更大
MLM
是对方的1.3倍
$899.9M
营收增速更快
CSGP
高出57.0%
-30.1%
净利率更高
MLM
高出19.3%
5.2%
自由现金流更多
MLM
多$322.7M
$101.3M
两年增速更快
CSGP
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.1B |
| 净利润 | $46.5M | $279.0M |
| 毛利率 | 78.6% | 35.0% |
| 营业利润率 | 5.5% | 24.6% |
| 净利率 | 5.2% | 24.5% |
| 营收同比 | 26.9% | -30.1% |
| 净利润同比 | -22.2% | -4.8% |
| 每股收益（稀释后） | $0.12 | $4.59 |
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CSGPMLM
| Q4 25 | $899.9M | $1.1B | ||
| Q3 25 | $833.6M | $1.8B | ||
| Q2 25 | $781.3M | $1.8B | ||
| Q1 25 | $732.2M | $1.4B | ||
| Q4 24 | $709.4M | $1.6B | ||
| Q3 24 | $692.6M | $1.9B | ||
| Q2 24 | $677.8M | $1.8B | ||
| Q1 24 | $656.4M | $1.3B |
净利润CSGPMLM
| Q4 25 | $46.5M | $279.0M | ||
| Q3 25 | $-30.9M | $414.0M | ||
| Q2 25 | $6.2M | $328.0M | ||
| Q1 25 | $-14.8M | $116.0M | ||
| Q4 24 | $59.8M | $293.0M | ||
| Q3 24 | $53.0M | $363.0M | ||
| Q2 24 | $19.2M | $294.0M | ||
| Q1 24 | $6.7M | $1.0B |
毛利率CSGPMLM
| Q4 25 | 78.6% | 35.0% | ||
| Q3 25 | 79.3% | 33.1% | ||
| Q2 25 | 78.5% | 30.0% | ||
| Q1 25 | 79.1% | 24.8% | ||
| Q4 24 | 80.1% | 30.0% | ||
| Q3 24 | 79.7% | 31.7% | ||
| Q2 24 | 80.0% | 29.3% | ||
| Q1 24 | 78.5% | 21.7% |
营业利润率CSGPMLM
| Q4 25 | 5.5% | 24.6% | ||
| Q3 25 | -6.1% | 27.4% | ||
| Q2 25 | -3.5% | 25.3% | ||
| Q1 25 | -5.8% | 14.3% | ||
| Q4 24 | 5.6% | 24.4% | ||
| Q3 24 | 3.4% | 25.9% | ||
| Q2 24 | -2.4% | 22.6% | ||
| Q1 24 | -6.5% | — |
净利率CSGPMLM
| Q4 25 | 5.2% | 24.5% | ||
| Q3 25 | -3.7% | 22.4% | ||
| Q2 25 | 0.8% | 18.1% | ||
| Q1 25 | -2.0% | 8.6% | ||
| Q4 24 | 8.4% | 18.0% | ||
| Q3 24 | 7.7% | 19.2% | ||
| Q2 24 | 2.8% | 16.7% | ||
| Q1 24 | 1.0% | 83.5% |
每股收益（稀释后）CSGPMLM
| Q4 25 | $0.12 | $4.59 | ||
| Q3 25 | $-0.07 | $6.85 | ||
| Q2 25 | $0.01 | $5.43 | ||
| Q1 25 | $-0.04 | $1.90 | ||
| Q4 24 | $0.14 | $4.87 | ||
| Q3 24 | $0.13 | $5.91 | ||
| Q2 24 | $0.05 | $4.76 | ||
| Q1 24 | $0.02 | $16.87 |
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 | $67.0M |
| 总债务越低越好 | $140.0M | $5.3B |
| 股东权益账面价值 | $8.3B | $10.0B |
| 总资产 | $10.5B | $18.7B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资CSGPMLM
| Q4 25 | $1.6B | $67.0M | ||
| Q3 25 | $1.9B | $57.0M | ||
| Q2 25 | $3.6B | $225.0M | ||
| Q1 25 | $3.7B | $101.0M | ||
| Q4 24 | $4.7B | $670.0M | ||
| Q3 24 | — | $52.0M | ||
| Q2 24 | — | $109.0M | ||
| Q1 24 | — | $2.6B |
总债务CSGPMLM
| Q4 25 | $140.0M | $5.3B | ||
| Q3 25 | $1.0B | $5.5B | ||
| Q2 25 | $1.0B | $5.4B | ||
| Q1 25 | $1.0B | $5.4B | ||
| Q4 24 | $1.0B | $5.4B | ||
| Q3 24 | $1.0B | $4.0B | ||
| Q2 24 | $1.0B | $4.3B | ||
| Q1 24 | $1.0B | $4.3B |
股东权益CSGPMLM
| Q4 25 | $8.3B | $10.0B | ||
| Q3 25 | $8.6B | $9.7B | ||
| Q2 25 | $8.6B | $9.4B | ||
| Q1 25 | $8.6B | $9.1B | ||
| Q4 24 | $7.6B | $9.5B | ||
| Q3 24 | $7.5B | $9.2B | ||
| Q2 24 | $7.4B | $8.8B | ||
| Q1 24 | $7.3B | $8.9B |
总资产CSGPMLM
| Q4 25 | $10.5B | $18.7B | ||
| Q3 25 | $10.8B | $18.7B | ||
| Q2 25 | $10.5B | $18.1B | ||
| Q1 25 | $10.4B | $17.7B | ||
| Q4 24 | $9.3B | $18.2B | ||
| Q3 24 | $9.1B | $16.5B | ||
| Q2 24 | $9.1B | $16.3B | ||
| Q1 24 | $9.0B | $16.2B |
负债/权益比CSGPMLM
| Q4 25 | 0.02× | 0.53× | ||
| Q3 25 | 0.12× | 0.57× | ||
| Q2 25 | 0.12× | 0.58× | ||
| Q1 25 | 0.12× | 0.60× | ||
| Q4 24 | 0.13× | 0.57× | ||
| Q3 24 | 0.13× | 0.44× | ||
| Q2 24 | 0.14× | 0.49× | ||
| Q1 24 | 0.14× | 0.49× |
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 | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $424.0M |
| 自由现金流率自由现金流/营收 | 11.3% | 37.2% |
| 资本支出强度资本支出/营收 | 6.8% | 18.0% |
| 现金转化率经营现金流/净利润 | 3.49× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $978.0M |
8季度趋势，按日历期对齐
经营现金流CSGPMLM
| Q4 25 | $162.1M | $629.0M | ||
| Q3 25 | $68.2M | $551.0M | ||
| Q2 25 | $146.5M | $387.0M | ||
| Q1 25 | $53.2M | $218.0M | ||
| Q4 24 | $94.6M | $686.0M | ||
| Q3 24 | $100.3M | $600.0M | ||
| Q2 24 | $58.1M | $1.0M | ||
| Q1 24 | $139.6M | $172.0M |
自由现金流CSGPMLM
| Q4 25 | $101.3M | $424.0M | ||
| Q3 25 | $-5.5M | $361.0M | ||
| Q2 25 | $27.7M | $208.0M | ||
| Q1 25 | $-500.0K | $-15.0M | ||
| Q4 24 | $25.2M | $453.0M | ||
| Q3 24 | $40.2M | $317.0M | ||
| Q2 24 | $-14.7M | $-138.0M | ||
| Q1 24 | $-237.1M | $-28.0M |
自由现金流率CSGPMLM
| Q4 25 | 11.3% | 37.2% | ||
| Q3 25 | -0.7% | 19.6% | ||
| Q2 25 | 3.5% | 11.5% | ||
| Q1 25 | -0.1% | -1.1% | ||
| Q4 24 | 3.6% | 27.8% | ||
| Q3 24 | 5.8% | 16.8% | ||
| Q2 24 | -2.2% | -7.8% | ||
| Q1 24 | -36.1% | -2.2% |
资本支出强度CSGPMLM
| Q4 25 | 6.8% | 18.0% | ||
| Q3 25 | 8.8% | 10.3% | ||
| Q2 25 | 15.2% | 9.9% | ||
| Q1 25 | 7.3% | 17.2% | ||
| Q4 24 | 9.8% | 14.3% | ||
| Q3 24 | 8.7% | 15.0% | ||
| Q2 24 | 10.7% | 7.9% | ||
| Q1 24 | 57.4% | 16.0% |
现金转化率CSGPMLM
| Q4 25 | 3.49× | 2.25× | ||
| Q3 25 | — | 1.33× | ||
| Q2 25 | 23.63× | 1.18× | ||
| Q1 25 | — | 1.88× | ||
| Q4 24 | 1.58× | 2.34× | ||
| Q3 24 | 1.89× | 1.65× | ||
| Q2 24 | 3.03× | 0.00× | ||
| Q1 24 | 20.84× | 0.16× |
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% |
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
