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CoStar Group（CSGP）与MAXIMUS, INC.（MMS）财务数据对比。点击上方公司名可切换其他公司
MAXIMUS, INC.的季度营收约是CoStar Group的1.5倍（$1.3B vs $899.9M），MAXIMUS, INC.净利率更高（7.0% vs 5.2%，领先1.8%），CoStar Group同比增速更快（26.9% vs -4.1%），CoStar Group自由现金流更多（$101.3M vs $-250.7M），过去两年CoStar Group的营收复合增速更高（17.1% vs -0.1%）
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。
MAXIMUS是美国一家政府服务企业，业务覆盖美国、加拿大、英国等国家，为医疗补助、联邦医疗保险、医改、就业帮扶、学生贷款服务等各类政府项目提供行政及配套服务。公司总部位于弗吉尼亚州泰森斯，现有员工3.96万名，2024财年营收达53亿美元。
CSGP vs MMS — 直观对比
营收规模更大
MMS
是对方的1.5倍
$899.9M
营收增速更快
CSGP
高出31.0%
-4.1%
净利率更高
MMS
高出1.8%
5.2%
自由现金流更多
CSGP
多$352.0M
$-250.7M
两年增速更快
CSGP
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.3B |
| 净利润 | $46.5M | $93.9M |
| 毛利率 | 78.6% | 23.7% |
| 营业利润率 | 5.5% | 10.9% |
| 净利率 | 5.2% | 7.0% |
| 营收同比 | 26.9% | -4.1% |
| 净利润同比 | -22.2% | 128.0% |
| 每股收益（稀释后） | $0.12 | $1.70 |
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CSGPMMS
| Q4 25 | $899.9M | $1.3B | ||
| Q3 25 | $833.6M | $1.3B | ||
| Q2 25 | $781.3M | $1.3B | ||
| Q1 25 | $732.2M | $1.4B | ||
| Q4 24 | $709.4M | $1.4B | ||
| Q3 24 | $692.6M | $1.3B | ||
| Q2 24 | $677.8M | $1.3B | ||
| Q1 24 | $656.4M | $1.3B |
净利润CSGPMMS
| Q4 25 | $46.5M | $93.9M | ||
| Q3 25 | $-30.9M | $75.3M | ||
| Q2 25 | $6.2M | $106.0M | ||
| Q1 25 | $-14.8M | $96.6M | ||
| Q4 24 | $59.8M | $41.2M | ||
| Q3 24 | $53.0M | $72.5M | ||
| Q2 24 | $19.2M | $89.8M | ||
| Q1 24 | $6.7M | $80.5M |
毛利率CSGPMMS
| Q4 25 | 78.6% | 23.7% | ||
| Q3 25 | 79.3% | 25.3% | ||
| Q2 25 | 78.5% | 26.7% | ||
| Q1 25 | 79.1% | 24.9% | ||
| Q4 24 | 80.1% | 21.5% | ||
| Q3 24 | 79.7% | 22.9% | ||
| Q2 24 | 80.0% | 25.3% | ||
| Q1 24 | 78.5% | 23.6% |
营业利润率CSGPMMS
| Q4 25 | 5.5% | 10.9% | ||
| Q3 25 | -6.1% | 9.3% | ||
| Q2 25 | -3.5% | 12.3% | ||
| Q1 25 | -5.8% | 11.2% | ||
| Q4 24 | 5.6% | 6.2% | ||
| Q3 24 | 3.4% | 8.5% | ||
| Q2 24 | -2.4% | 10.8% | ||
| Q1 24 | -6.5% | 9.5% |
净利率CSGPMMS
| Q4 25 | 5.2% | 7.0% | ||
| Q3 25 | -3.7% | 5.7% | ||
| Q2 25 | 0.8% | 7.9% | ||
| Q1 25 | -2.0% | 7.1% | ||
| Q4 24 | 8.4% | 2.9% | ||
| Q3 24 | 7.7% | 5.5% | ||
| Q2 24 | 2.8% | 6.8% | ||
| Q1 24 | 1.0% | 6.0% |
每股收益（稀释后）CSGPMMS
| Q4 25 | $0.12 | $1.70 | ||
| Q3 25 | $-0.07 | $1.27 | ||
| Q2 25 | $0.01 | $1.86 | ||
| Q1 25 | $-0.04 | $1.69 | ||
| Q4 24 | $0.14 | $0.69 | ||
| Q3 24 | $0.13 | $1.18 | ||
| Q2 24 | $0.05 | $1.46 | ||
| Q1 24 | $0.02 | $1.31 |
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 | $137.6M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $1.7B |
| 总资产 | $10.5B | $4.2B |
| 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CSGPMMS
| Q4 25 | $1.6B | $137.6M | ||
| Q3 25 | $1.9B | $222.4M | ||
| Q2 25 | $3.6B | $59.8M | ||
| Q1 25 | $3.7B | $108.1M | ||
| Q4 24 | $4.7B | $72.7M | ||
| Q3 24 | — | $183.1M | ||
| Q2 24 | — | $102.8M | ||
| Q1 24 | — | $77.4M |
总债务CSGPMMS
| Q4 25 | $140.0M | — | ||
| Q3 25 | $1.0B | — | ||
| 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CSGPMMS
| Q4 25 | $8.3B | $1.7B | ||
| Q3 25 | $8.6B | $1.7B | ||
| Q2 25 | $8.6B | $1.8B | ||
| Q1 25 | $8.6B | $1.7B | ||
| Q4 24 | $7.6B | $1.6B | ||
| Q3 24 | $7.5B | $1.8B | ||
| Q2 24 | $7.4B | $1.8B | ||
| Q1 24 | $7.3B | $1.8B |
总资产CSGPMMS
| Q4 25 | $10.5B | $4.2B | ||
| Q3 25 | $10.8B | $4.1B | ||
| Q2 25 | $10.5B | $4.5B | ||
| Q1 25 | $10.4B | $4.2B | ||
| Q4 24 | $9.3B | $4.1B | ||
| Q3 24 | $9.1B | $4.1B | ||
| Q2 24 | $9.1B | $4.0B | ||
| Q1 24 | $9.0B | $4.0B |
负债/权益比CSGPMMS
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.12× | — | ||
| 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 | $-244.4M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $-250.7M |
| 自由现金流率自由现金流/营收 | 11.3% | -18.6% |
| 资本支出强度资本支出/营收 | 6.8% | 0.5% |
| 现金转化率经营现金流/净利润 | 3.49× | -2.60× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $218.5M |
8季度趋势，按日历期对齐
经营现金流CSGPMMS
| Q4 25 | $162.1M | $-244.4M | ||
| Q3 25 | $68.2M | $649.4M | ||
| Q2 25 | $146.5M | $-182.7M | ||
| Q1 25 | $53.2M | $42.7M | ||
| Q4 24 | $94.6M | $-80.0M | ||
| Q3 24 | $100.3M | $163.8M | ||
| Q2 24 | $58.1M | $199.3M | ||
| Q1 24 | $139.6M | $130.5M |
自由现金流CSGPMMS
| Q4 25 | $101.3M | $-250.7M | ||
| Q3 25 | $-5.5M | $641.8M | ||
| Q2 25 | $27.7M | $-198.2M | ||
| Q1 25 | $-500.0K | $25.5M | ||
| Q4 24 | $25.2M | $-103.0M | ||
| Q3 24 | $40.2M | $131.9M | ||
| Q2 24 | $-14.7M | $164.6M | ||
| Q1 24 | $-237.1M | $105.2M |
自由现金流率CSGPMMS
| Q4 25 | 11.3% | -18.6% | ||
| Q3 25 | -0.7% | 48.7% | ||
| Q2 25 | 3.5% | -14.7% | ||
| Q1 25 | -0.1% | 1.9% | ||
| Q4 24 | 3.6% | -7.3% | ||
| Q3 24 | 5.8% | 10.0% | ||
| Q2 24 | -2.2% | 12.5% | ||
| Q1 24 | -36.1% | 7.8% |
资本支出强度CSGPMMS
| Q4 25 | 6.8% | 0.5% | ||
| Q3 25 | 8.8% | 0.6% | ||
| Q2 25 | 15.2% | 1.1% | ||
| Q1 25 | 7.3% | 1.3% | ||
| Q4 24 | 9.8% | 1.6% | ||
| Q3 24 | 8.7% | 2.4% | ||
| Q2 24 | 10.7% | 2.6% | ||
| Q1 24 | 57.4% | 1.9% |
现金转化率CSGPMMS
| Q4 25 | 3.49× | -2.60× | ||
| Q3 25 | — | 8.63× | ||
| Q2 25 | 23.63× | -1.72× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | 1.58× | -1.94× | ||
| Q3 24 | 1.89× | 2.26× | ||
| Q2 24 | 3.03× | 2.22× | ||
| Q1 24 | 20.84× | 1.62× |
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% |
MMS
| Clinical Services | $523.7M | 39% |
| Cost Plus Contracts | $386.4M | 29% |
| Outside The United States | $143.2M | 11% |
| International Government Agencies | $141.0M | 10% |
| Technology Solutions | $74.8M | 6% |
| Employment And Other | $70.2M | 5% |
| Other Including Local Municipalities And Commercial Customers | $17.6M | 1% |
