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CoStar Group（CSGP）与晨星（MORN）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是晨星的1.4倍（$899.9M vs $644.8M），CoStar Group同比增速更快（26.9% vs 10.8%），CoStar Group自由现金流更多（$101.3M vs $53.6M），过去两年CoStar Group的营收复合增速更高（17.1% vs 6.2%）
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。
晨星（Morningstar, Inc.）是总部位于美国伊利诺伊州芝加哥的金融服务机构，由乔·曼苏托于1984年创立，面向全球提供全方位的投资研究、投资管理等专业服务，是全球颇具知名度的投资资讯服务提供商。
CSGP vs MORN — 直观对比
营收规模更大
CSGP
是对方的1.4倍
$644.8M
营收增速更快
CSGP
高出16.0%
10.8%
自由现金流更多
CSGP
多$47.7M
$53.6M
两年增速更快
CSGP
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $644.8M |
| 净利润 | $46.5M | — |
| 毛利率 | 78.6% | 62.9% |
| 营业利润率 | 5.5% | 24.2% |
| 净利率 | 5.2% | — |
| 营收同比 | 26.9% | 10.8% |
| 净利润同比 | -22.2% | — |
| 每股收益（稀释后） | $0.12 | $2.73 |
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CSGPMORN
| Q1 26 | — | $644.8M | ||
| Q4 25 | $899.9M | $641.1M | ||
| Q3 25 | $833.6M | $617.4M | ||
| Q2 25 | $781.3M | $605.1M | ||
| Q1 25 | $732.2M | $581.9M | ||
| Q4 24 | $709.4M | $591.0M | ||
| Q3 24 | $692.6M | $569.4M | ||
| Q2 24 | $677.8M | $571.9M |
净利润CSGPMORN
| Q1 26 | — | — | ||
| Q4 25 | $46.5M | $115.1M | ||
| Q3 25 | $-30.9M | $91.6M | ||
| Q2 25 | $6.2M | $89.0M | ||
| Q1 25 | $-14.8M | $78.5M | ||
| Q4 24 | $59.8M | $116.9M | ||
| Q3 24 | $53.0M | $119.7M | ||
| Q2 24 | $19.2M | $69.1M |
毛利率CSGPMORN
| Q1 26 | — | 62.9% | ||
| Q4 25 | 78.6% | 61.1% | ||
| Q3 25 | 79.3% | 60.9% | ||
| Q2 25 | 78.5% | 61.9% | ||
| Q1 25 | 79.1% | 60.2% | ||
| Q4 24 | 80.1% | 60.7% | ||
| Q3 24 | 79.7% | 60.9% | ||
| Q2 24 | 80.0% | 61.1% |
营业利润率CSGPMORN
| Q1 26 | — | 24.2% | ||
| Q4 25 | 5.5% | 24.9% | ||
| Q3 25 | -6.1% | 20.7% | ||
| Q2 25 | -3.5% | 20.7% | ||
| Q1 25 | -5.8% | 19.6% | ||
| Q4 24 | 5.6% | 28.5% | ||
| Q3 24 | 3.4% | 20.3% | ||
| Q2 24 | -2.4% | 19.0% |
净利率CSGPMORN
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 18.0% | ||
| Q3 25 | -3.7% | 14.8% | ||
| Q2 25 | 0.8% | 14.7% | ||
| Q1 25 | -2.0% | 13.5% | ||
| Q4 24 | 8.4% | 19.8% | ||
| Q3 24 | 7.7% | 21.0% | ||
| Q2 24 | 2.8% | 12.1% |
每股收益（稀释后）CSGPMORN
| Q1 26 | — | $2.73 | ||
| Q4 25 | $0.12 | $2.79 | ||
| Q3 25 | $-0.07 | $2.17 | ||
| Q2 25 | $0.01 | $2.09 | ||
| Q1 25 | $-0.04 | $1.82 | ||
| Q4 24 | $0.14 | $2.72 | ||
| Q3 24 | $0.13 | $2.77 | ||
| Q2 24 | $0.05 | $1.60 |
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 | $492.8M |
| 总债务越低越好 | $140.0M | $1.7B |
| 股东权益账面价值 | $8.3B | $1.0B |
| 总资产 | $10.5B | $4.0B |
| 负债/权益比越低杠杆越低 | 0.02× | 1.68× |
8季度趋势，按日历期对齐
现金及短期投资CSGPMORN
| Q1 26 | — | $492.8M | ||
| Q4 25 | $1.6B | $528.7M | ||
| Q3 25 | $1.9B | $40.3M | ||
| Q2 25 | $3.6B | $38.1M | ||
| Q1 25 | $3.7B | $47.7M | ||
| Q4 24 | $4.7B | $551.0M | ||
| Q3 24 | — | $48.8M | ||
| Q2 24 | — | $48.0M |
总债务CSGPMORN
| Q1 26 | — | $1.7B | ||
| Q4 25 | $140.0M | — | ||
| Q3 25 | $1.0B | $848.9M | ||
| Q2 25 | $1.0B | $838.8M | ||
| Q1 25 | $1.0B | $803.7M | ||
| Q4 24 | $1.0B | $698.6M | ||
| Q3 24 | $1.0B | $864.7M | ||
| Q2 24 | $1.0B | $899.6M |
股东权益CSGPMORN
| Q1 26 | — | $1.0B | ||
| Q4 25 | $8.3B | $1.2B | ||
| Q3 25 | $8.6B | $1.5B | ||
| Q2 25 | $8.6B | $1.6B | ||
| Q1 25 | $8.6B | $1.6B | ||
| Q4 24 | $7.6B | $1.6B | ||
| Q3 24 | $7.5B | $1.6B | ||
| Q2 24 | $7.4B | $1.4B |
总资产CSGPMORN
| Q1 26 | — | $4.0B | ||
| Q4 25 | $10.5B | $3.6B | ||
| Q3 25 | $10.8B | $3.6B | ||
| Q2 25 | $10.5B | $3.6B | ||
| Q1 25 | $10.4B | $3.6B | ||
| Q4 24 | $9.3B | $3.5B | ||
| Q3 24 | $9.1B | $3.6B | ||
| Q2 24 | $9.1B | $3.4B |
负债/权益比CSGPMORN
| Q1 26 | — | 1.68× | ||
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.12× | 0.56× | ||
| Q2 25 | 0.12× | 0.52× | ||
| Q1 25 | 0.12× | 0.50× | ||
| Q4 24 | 0.13× | 0.43× | ||
| Q3 24 | 0.13× | 0.55× | ||
| Q2 24 | 0.14× | 0.63× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $53.6M |
| 自由现金流率自由现金流/营收 | 11.3% | 8.3% |
| 资本支出强度资本支出/营收 | 6.8% | 5.9% |
| 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 | $437.4M |
8季度趋势，按日历期对齐
经营现金流CSGPMORN
| Q1 26 | — | — | ||
| Q4 25 | $162.1M | $204.0M | ||
| Q3 25 | $68.2M | $195.7M | ||
| Q2 25 | $146.5M | $99.0M | ||
| Q1 25 | $53.2M | $91.0M | ||
| Q4 24 | $94.6M | $153.4M | ||
| Q3 24 | $100.3M | $191.9M | ||
| Q2 24 | $58.1M | $152.7M |
自由现金流CSGPMORN
| Q1 26 | — | $53.6M | ||
| Q4 25 | $101.3M | $161.3M | ||
| Q3 25 | $-5.5M | $160.1M | ||
| Q2 25 | $27.7M | $62.4M | ||
| Q1 25 | $-500.0K | $58.8M | ||
| Q4 24 | $25.2M | $112.8M | ||
| Q3 24 | $40.2M | $155.8M | ||
| Q2 24 | $-14.7M | $120.8M |
自由现金流率CSGPMORN
| Q1 26 | — | 8.3% | ||
| Q4 25 | 11.3% | 25.2% | ||
| Q3 25 | -0.7% | 25.9% | ||
| Q2 25 | 3.5% | 10.3% | ||
| Q1 25 | -0.1% | 10.1% | ||
| Q4 24 | 3.6% | 19.1% | ||
| Q3 24 | 5.8% | 27.4% | ||
| Q2 24 | -2.2% | 21.1% |
资本支出强度CSGPMORN
| Q1 26 | — | 5.9% | ||
| Q4 25 | 6.8% | 6.7% | ||
| Q3 25 | 8.8% | 5.8% | ||
| Q2 25 | 15.2% | 6.0% | ||
| Q1 25 | 7.3% | 5.5% | ||
| Q4 24 | 9.8% | 6.9% | ||
| Q3 24 | 8.7% | 6.3% | ||
| Q2 24 | 10.7% | 5.6% |
现金转化率CSGPMORN
| Q1 26 | — | — | ||
| Q4 25 | 3.49× | 1.77× | ||
| Q3 25 | — | 2.14× | ||
| Q2 25 | 23.63× | 1.11× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | 1.58× | 1.31× | ||
| Q3 24 | 1.89× | 1.60× | ||
| Q2 24 | 3.03× | 2.21× |
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% |
MORN
暂无分部数据
