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CoStar Group（CSGP）与MSA Safety Inc（MSA）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MSA Safety Inc的1.8倍（$899.9M vs $510.9M），MSA Safety Inc净利率更高（17.0% vs 5.2%，领先11.8%），CoStar Group同比增速更快（26.9% vs 2.2%），MSA Safety Inc自由现金流更多（$106.0M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs 11.2%）
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。
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
CSGP vs MSA — 直观对比
营收规模更大
CSGP
是对方的1.8倍
$510.9M
营收增速更快
CSGP
高出24.6%
2.2%
净利率更高
MSA
高出11.8%
5.2%
自由现金流更多
MSA
多$4.7M
$101.3M
两年增速更快
CSGP
近两年复合增速
11.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $510.9M |
| 净利润 | $46.5M | $86.9M |
| 毛利率 | 78.6% | 46.9% |
| 营业利润率 | 5.5% | 22.3% |
| 净利率 | 5.2% | 17.0% |
| 营收同比 | 26.9% | 2.2% |
| 净利润同比 | -22.2% | -1.2% |
| 每股收益（稀释后） | $0.12 | $2.22 |
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CSGPMSA
| Q4 25 | $899.9M | $510.9M | ||
| Q3 25 | $833.6M | $468.4M | ||
| Q2 25 | $781.3M | $474.1M | ||
| Q1 25 | $732.2M | $421.3M | ||
| Q4 24 | $709.4M | $499.7M | ||
| Q3 24 | $692.6M | $432.7M | ||
| Q2 24 | $677.8M | $462.5M | ||
| Q1 24 | $656.4M | $413.3M |
净利润CSGPMSA
| Q4 25 | $46.5M | $86.9M | ||
| Q3 25 | $-30.9M | $69.6M | ||
| Q2 25 | $6.2M | $62.8M | ||
| Q1 25 | $-14.8M | $59.6M | ||
| Q4 24 | $59.8M | $87.9M | ||
| Q3 24 | $53.0M | $66.6M | ||
| Q2 24 | $19.2M | $72.2M | ||
| Q1 24 | $6.7M | $58.1M |
毛利率CSGPMSA
| Q4 25 | 78.6% | 46.9% | ||
| Q3 25 | 79.3% | 46.5% | ||
| Q2 25 | 78.5% | 46.6% | ||
| Q1 25 | 79.1% | 45.9% | ||
| Q4 24 | 80.1% | 46.9% | ||
| Q3 24 | 79.7% | 47.9% | ||
| Q2 24 | 80.0% | 48.2% | ||
| Q1 24 | 78.5% | 47.3% |
营业利润率CSGPMSA
| Q4 25 | 5.5% | 22.3% | ||
| Q3 25 | -6.1% | 20.1% | ||
| Q2 25 | -3.5% | 18.1% | ||
| Q1 25 | -5.8% | 18.5% | ||
| Q4 24 | 5.6% | 23.5% | ||
| Q3 24 | 3.4% | 21.1% | ||
| Q2 24 | -2.4% | 21.6% | ||
| Q1 24 | -6.5% | 19.4% |
净利率CSGPMSA
| Q4 25 | 5.2% | 17.0% | ||
| Q3 25 | -3.7% | 14.9% | ||
| Q2 25 | 0.8% | 13.2% | ||
| Q1 25 | -2.0% | 14.1% | ||
| Q4 24 | 8.4% | 17.6% | ||
| Q3 24 | 7.7% | 15.4% | ||
| Q2 24 | 2.8% | 15.6% | ||
| Q1 24 | 1.0% | 14.1% |
每股收益（稀释后）CSGPMSA
| Q4 25 | $0.12 | $2.22 | ||
| Q3 25 | $-0.07 | $1.77 | ||
| Q2 25 | $0.01 | $1.59 | ||
| Q1 25 | $-0.04 | $1.51 | ||
| Q4 24 | $0.14 | $2.22 | ||
| Q3 24 | $0.13 | $1.69 | ||
| Q2 24 | $0.05 | $1.83 | ||
| Q1 24 | $0.02 | $1.47 |
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 | $165.1M |
| 总债务越低越好 | $140.0M | $580.9M |
| 股东权益账面价值 | $8.3B | $1.4B |
| 总资产 | $10.5B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资CSGPMSA
| Q4 25 | $1.6B | $165.1M | ||
| Q3 25 | $1.9B | $170.0M | ||
| Q2 25 | $3.6B | $147.0M | ||
| Q1 25 | $3.7B | $170.6M | ||
| Q4 24 | $4.7B | $164.6M | ||
| Q3 24 | — | $154.4M | ||
| Q2 24 | — | $146.8M | ||
| Q1 24 | — | $148.3M |
总债务CSGPMSA
| Q4 25 | $140.0M | $580.9M | ||
| Q3 25 | $1.0B | $628.6M | ||
| Q2 25 | $1.0B | $679.3M | ||
| Q1 25 | $1.0B | $502.1M | ||
| Q4 24 | $1.0B | $508.0M | ||
| Q3 24 | $1.0B | $554.7M | ||
| Q2 24 | $1.0B | $588.2M | ||
| Q1 24 | $1.0B | $596.2M |
股东权益CSGPMSA
| Q4 25 | $8.3B | $1.4B | ||
| Q3 25 | $8.6B | $1.3B | ||
| Q2 25 | $8.6B | $1.3B | ||
| Q1 25 | $8.6B | $1.2B | ||
| Q4 24 | $7.6B | $1.1B | ||
| Q3 24 | $7.5B | $1.1B | ||
| Q2 24 | $7.4B | $1.0B | ||
| Q1 24 | $7.3B | $994.8M |
总资产CSGPMSA
| Q4 25 | $10.5B | $2.6B | ||
| Q3 25 | $10.8B | $2.6B | ||
| Q2 25 | $10.5B | $2.6B | ||
| Q1 25 | $10.4B | $2.2B | ||
| Q4 24 | $9.3B | $2.2B | ||
| Q3 24 | $9.1B | $2.2B | ||
| Q2 24 | $9.1B | $2.2B | ||
| Q1 24 | $9.0B | $2.2B |
负债/权益比CSGPMSA
| Q4 25 | 0.02× | 0.42× | ||
| Q3 25 | 0.12× | 0.48× | ||
| Q2 25 | 0.12× | 0.54× | ||
| Q1 25 | 0.12× | 0.42× | ||
| Q4 24 | 0.13× | 0.44× | ||
| Q3 24 | 0.13× | 0.51× | ||
| Q2 24 | 0.14× | 0.57× | ||
| Q1 24 | 0.14× | 0.60× |
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 | $122.4M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $106.0M |
| 自由现金流率自由现金流/营收 | 11.3% | 20.8% |
| 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× | 1.41× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $295.4M |
8季度趋势，按日历期对齐
经营现金流CSGPMSA
| Q4 25 | $162.1M | $122.4M | ||
| Q3 25 | $68.2M | $112.5M | ||
| Q2 25 | $146.5M | $67.2M | ||
| Q1 25 | $53.2M | $61.8M | ||
| Q4 24 | $94.6M | $107.9M | ||
| Q3 24 | $100.3M | $84.3M | ||
| Q2 24 | $58.1M | $53.3M | ||
| Q1 24 | $139.6M | $50.9M |
自由现金流CSGPMSA
| Q4 25 | $101.3M | $106.0M | ||
| Q3 25 | $-5.5M | $100.5M | ||
| Q2 25 | $27.7M | $37.9M | ||
| Q1 25 | $-500.0K | $51.0M | ||
| Q4 24 | $25.2M | $93.5M | ||
| Q3 24 | $40.2M | $70.1M | ||
| Q2 24 | $-14.7M | $39.0M | ||
| Q1 24 | $-237.1M | $39.7M |
自由现金流率CSGPMSA
| Q4 25 | 11.3% | 20.8% | ||
| Q3 25 | -0.7% | 21.4% | ||
| Q2 25 | 3.5% | 8.0% | ||
| Q1 25 | -0.1% | 12.1% | ||
| Q4 24 | 3.6% | 18.7% | ||
| Q3 24 | 5.8% | 16.2% | ||
| Q2 24 | -2.2% | 8.4% | ||
| Q1 24 | -36.1% | 9.6% |
资本支出强度CSGPMSA
| Q4 25 | 6.8% | 3.2% | ||
| Q3 25 | 8.8% | 2.6% | ||
| Q2 25 | 15.2% | 6.2% | ||
| Q1 25 | 7.3% | 2.6% | ||
| Q4 24 | 9.8% | 2.9% | ||
| Q3 24 | 8.7% | 3.3% | ||
| Q2 24 | 10.7% | 3.1% | ||
| Q1 24 | 57.4% | 2.7% |
现金转化率CSGPMSA
| Q4 25 | 3.49× | 1.41× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | 23.63× | 1.07× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | 1.58× | 1.23× | ||
| Q3 24 | 1.89× | 1.27× | ||
| Q2 24 | 3.03× | 0.74× | ||
| Q1 24 | 20.84× | 0.88× |
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% |
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
