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CoStar Group（CSGP）与NGL Energy Partners LP（NGL）财务数据对比。点击上方公司名可切换其他公司
NGL Energy Partners LP的季度营收约是CoStar Group的1.0倍（$909.8M vs $899.9M），NGL Energy Partners LP净利率更高（5.2% vs 5.2%，领先0.0%），CoStar Group同比增速更快（26.9% vs -41.3%），CoStar Group自由现金流更多（$101.3M vs $45.7M），过去两年CoStar Group的营收复合增速更高（17.1% vs -6.4%）
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。
NGL Energy Partners LP是一家总部位于美国的中游能源服务企业，主营原油、液化天然气、可再生燃料的运输、存储及物流服务，同时为上游能源生产商提供水资源管理解决方案，业务主要覆盖北美市场。
CSGP vs NGL — 直观对比
营收规模更大
NGL
是对方的1.0倍
$899.9M
营收增速更快
CSGP
高出68.1%
-41.3%
净利率更高
NGL
高出0.0%
5.2%
自由现金流更多
CSGP
多$55.6M
$45.7M
两年增速更快
CSGP
近两年复合增速
-6.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $909.8M |
| 净利润 | $46.5M | $47.2M |
| 毛利率 | 78.6% | 29.0% |
| 营业利润率 | 5.5% | 12.1% |
| 净利率 | 5.2% | 5.2% |
| 营收同比 | 26.9% | -41.3% |
| 净利润同比 | -22.2% | 249.3% |
| 每股收益（稀释后） | $0.12 | — |
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CSGPNGL
| Q4 25 | $899.9M | $909.8M | ||
| Q3 25 | $833.6M | $674.7M | ||
| Q2 25 | $781.3M | $622.2M | ||
| Q1 25 | $732.2M | $971.1M | ||
| Q4 24 | $709.4M | $982.4M | ||
| Q3 24 | $692.6M | $756.5M | ||
| Q2 24 | $677.8M | $759.2M | ||
| Q1 24 | $656.4M | $1.0B |
净利润CSGPNGL
| Q4 25 | $46.5M | $47.2M | ||
| Q3 25 | $-30.9M | $29.3M | ||
| Q2 25 | $6.2M | $68.9M | ||
| Q1 25 | $-14.8M | $13.7M | ||
| Q4 24 | $59.8M | $13.5M | ||
| Q3 24 | $53.0M | $2.5M | ||
| Q2 24 | $19.2M | $9.7M | ||
| Q1 24 | $6.7M | $-236.8M |
毛利率CSGPNGL
| Q4 25 | 78.6% | 29.0% | ||
| Q3 25 | 79.3% | 37.6% | ||
| Q2 25 | 78.5% | 38.5% | ||
| Q1 25 | 79.1% | 26.9% | ||
| Q4 24 | 80.1% | 25.1% | ||
| Q3 24 | 79.7% | 30.9% | ||
| Q2 24 | 80.0% | 29.0% | ||
| Q1 24 | 78.5% | 21.8% |
营业利润率CSGPNGL
| Q4 25 | 5.5% | 12.1% | ||
| Q3 25 | -6.1% | 14.0% | ||
| Q2 25 | -3.5% | 15.7% | ||
| Q1 25 | -5.8% | 8.4% | ||
| Q4 24 | 5.6% | 8.6% | ||
| Q3 24 | 3.4% | 10.8% | ||
| Q2 24 | -2.4% | 10.8% | ||
| Q1 24 | -6.5% | -9.4% |
净利率CSGPNGL
| Q4 25 | 5.2% | 5.2% | ||
| Q3 25 | -3.7% | 4.3% | ||
| Q2 25 | 0.8% | 11.1% | ||
| Q1 25 | -2.0% | 1.4% | ||
| Q4 24 | 8.4% | 1.4% | ||
| Q3 24 | 7.7% | 0.3% | ||
| Q2 24 | 2.8% | 1.3% | ||
| Q1 24 | 1.0% | -22.8% |
每股收益（稀释后）CSGPNGL
| Q4 25 | $0.12 | — | ||
| Q3 25 | $-0.07 | — | ||
| 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 | $6.5M |
| 总债务越低越好 | $140.0M | $2.9B |
| 股东权益账面价值 | $8.3B | — |
| 总资产 | $10.5B | $4.4B |
| 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CSGPNGL
| Q4 25 | $1.6B | $6.5M | ||
| Q3 25 | $1.9B | $8.7M | ||
| Q2 25 | $3.6B | $5.4M | ||
| Q1 25 | $3.7B | $13.5M | ||
| Q4 24 | $4.7B | $5.7M | ||
| Q3 24 | — | $4.5M | ||
| Q2 24 | — | $5.3M | ||
| Q1 24 | — | $38.9M |
总债务CSGPNGL
| Q4 25 | $140.0M | $2.9B | ||
| Q3 25 | $1.0B | $2.9B | ||
| Q2 25 | $1.0B | $2.9B | ||
| Q1 25 | $1.0B | $3.0B | ||
| Q4 24 | $1.0B | $3.1B | ||
| Q3 24 | $1.0B | $3.1B | ||
| Q2 24 | $1.0B | $3.0B | ||
| Q1 24 | $1.0B | $2.9B |
股东权益CSGPNGL
| Q4 25 | $8.3B | — | ||
| Q3 25 | $8.6B | — | ||
| 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CSGPNGL
| Q4 25 | $10.5B | $4.4B | ||
| Q3 25 | $10.8B | $4.3B | ||
| Q2 25 | $10.5B | $4.2B | ||
| Q1 25 | $10.4B | $4.6B | ||
| Q4 24 | $9.3B | $4.8B | ||
| Q3 24 | $9.1B | $4.9B | ||
| Q2 24 | $9.1B | $4.8B | ||
| Q1 24 | $9.0B | $5.0B |
负债/权益比CSGPNGL
| 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 | $182.3M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $45.7M |
| 自由现金流率自由现金流/营收 | 11.3% | 5.0% |
| 资本支出强度资本支出/营收 | 6.8% | 15.0% |
| 现金转化率经营现金流/净利润 | 3.49× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $126.7M |
8季度趋势，按日历期对齐
经营现金流CSGPNGL
| Q4 25 | $162.1M | $182.3M | ||
| Q3 25 | $68.2M | $40.5M | ||
| Q2 25 | $146.5M | $33.2M | ||
| Q1 25 | $53.2M | $155.0M | ||
| Q4 24 | $94.6M | $153.8M | ||
| Q3 24 | $100.3M | $6.7M | ||
| Q2 24 | $58.1M | $-18.1M | ||
| Q1 24 | $139.6M | $152.2M |
自由现金流CSGPNGL
| Q4 25 | $101.3M | $45.7M | ||
| Q3 25 | $-5.5M | $9.5M | ||
| Q2 25 | $27.7M | $11.1M | ||
| Q1 25 | $-500.0K | $60.4M | ||
| Q4 24 | $25.2M | $152.1M | ||
| Q3 24 | $40.2M | $-82.9M | ||
| Q2 24 | $-14.7M | $-78.0M | ||
| Q1 24 | $-237.1M | $119.8M |
自由现金流率CSGPNGL
| Q4 25 | 11.3% | 5.0% | ||
| Q3 25 | -0.7% | 1.4% | ||
| Q2 25 | 3.5% | 1.8% | ||
| Q1 25 | -0.1% | 6.2% | ||
| Q4 24 | 3.6% | 15.5% | ||
| Q3 24 | 5.8% | -11.0% | ||
| Q2 24 | -2.2% | -10.3% | ||
| Q1 24 | -36.1% | 11.5% |
资本支出强度CSGPNGL
| Q4 25 | 6.8% | 15.0% | ||
| Q3 25 | 8.8% | 4.6% | ||
| Q2 25 | 15.2% | 3.6% | ||
| Q1 25 | 7.3% | 9.7% | ||
| Q4 24 | 9.8% | 0.2% | ||
| Q3 24 | 8.7% | 11.8% | ||
| Q2 24 | 10.7% | 7.9% | ||
| Q1 24 | 57.4% | 3.1% |
现金转化率CSGPNGL
| Q4 25 | 3.49× | 3.86× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | 23.63× | 0.48× | ||
| Q1 25 | — | 11.29× | ||
| Q4 24 | 1.58× | 11.39× | ||
| Q3 24 | 1.89× | 2.74× | ||
| Q2 24 | 3.03× | -1.87× | ||
| 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% |
NGL
| Water Solutions Segment | $208.6M | 23% |
| Services | $193.3M | 21% |
| Butane | $192.5M | 21% |
| Service Fees | $182.8M | 20% |
| Public Utilities Inventory Propane | $93.9M | 10% |
| Crude Oil | $23.3M | 3% |
| Crude Oil Transportation And Other | $6.5M | 1% |
| Liquids Logistics Segment | $2.5M | 0% |
| Crude Oil Logistics Segment | $1.2M | 0% |
