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CoStar Group（CSGP）与NEWMARK GROUP, INC.（NMRK）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NEWMARK GROUP, INC.的1.0倍（$899.9M vs $859.5M），NEWMARK GROUP, INC.净利率更高（7.9% vs 5.2%，领先2.7%），CoStar Group同比增速更快（26.9% vs 18.1%），NEWMARK GROUP, INC.自由现金流更多（$608.8M vs $101.3M），过去两年NEWMARK GROUP, INC.的营收复合增速更高（38.2% vs 17.1%）
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。
纽马克集团是一家总部位于纽约的全球性商业地产咨询及服务企业，旗下业务以Newmark品牌开展，在纳斯达克全球精选市场上市，股票代码为NMRK，为全球客户提供商业地产领域的多元专业服务。
CSGP vs NMRK — 直观对比
营收规模更大
CSGP
是对方的1.0倍
$859.5M
营收增速更快
CSGP
高出8.7%
18.1%
净利率更高
NMRK
高出2.7%
5.2%
自由现金流更多
NMRK
多$507.5M
$101.3M
两年增速更快
NMRK
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $859.5M |
| 净利润 | $46.5M | $68.0M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | 14.4% |
| 净利率 | 5.2% | 7.9% |
| 营收同比 | 26.9% | 18.1% |
| 净利润同比 | -22.2% | 49.7% |
| 每股收益（稀释后） | $0.12 | $0.37 |
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CSGPNMRK
| Q4 25 | $899.9M | $859.5M | ||
| Q3 25 | $833.6M | $715.0M | ||
| Q2 25 | $781.3M | $639.6M | ||
| Q1 25 | $732.2M | $556.2M | ||
| Q4 24 | $709.4M | $727.5M | ||
| Q3 24 | $692.6M | $568.0M | ||
| Q2 24 | $677.8M | $527.3M | ||
| Q1 24 | $656.4M | $450.2M |
净利润CSGPNMRK
| Q4 25 | $46.5M | $68.0M | ||
| Q3 25 | $-30.9M | $46.2M | ||
| Q2 25 | $6.2M | $20.8M | ||
| Q1 25 | $-14.8M | $-8.8M | ||
| Q4 24 | $59.8M | $45.4M | ||
| Q3 24 | $53.0M | $17.8M | ||
| Q2 24 | $19.2M | $14.3M | ||
| Q1 24 | $6.7M | $-16.3M |
毛利率CSGPNMRK
| Q4 25 | 78.6% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 78.5% | — | ||
| Q1 25 | 79.1% | — | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | 79.7% | — | ||
| Q2 24 | 80.0% | — | ||
| Q1 24 | 78.5% | — |
营业利润率CSGPNMRK
| Q4 25 | 5.5% | 14.4% | ||
| Q3 25 | -6.1% | 11.9% | ||
| Q2 25 | -3.5% | 6.7% | ||
| Q1 25 | -5.8% | -3.1% | ||
| Q4 24 | 5.6% | 14.3% | ||
| Q3 24 | 3.4% | 7.2% | ||
| Q2 24 | -2.4% | 7.7% | ||
| Q1 24 | -6.5% | -5.0% |
净利率CSGPNMRK
| Q4 25 | 5.2% | 7.9% | ||
| Q3 25 | -3.7% | 6.5% | ||
| Q2 25 | 0.8% | 3.3% | ||
| Q1 25 | -2.0% | -1.6% | ||
| Q4 24 | 8.4% | 6.2% | ||
| Q3 24 | 7.7% | 3.1% | ||
| Q2 24 | 2.8% | 2.7% | ||
| Q1 24 | 1.0% | -3.6% |
每股收益（稀释后）CSGPNMRK
| Q4 25 | $0.12 | $0.37 | ||
| Q3 25 | $-0.07 | $0.25 | ||
| Q2 25 | $0.01 | $0.11 | ||
| Q1 25 | $-0.04 | $-0.05 | ||
| Q4 24 | $0.14 | $0.25 | ||
| Q3 24 | $0.13 | $0.10 | ||
| Q2 24 | $0.05 | $0.08 | ||
| Q1 24 | $0.02 | $-0.09 |
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 | $229.1M |
| 总债务越低越好 | $140.0M | $671.7M |
| 股东权益账面价值 | $8.3B | $1.5B |
| 总资产 | $10.5B | $5.0B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资CSGPNMRK
| Q4 25 | $1.6B | $229.1M | ||
| Q3 25 | $1.9B | $224.1M | ||
| Q2 25 | $3.6B | $195.8M | ||
| Q1 25 | $3.7B | $157.1M | ||
| Q4 24 | $4.7B | $197.7M | ||
| Q3 24 | — | $178.6M | ||
| Q2 24 | — | $176.4M | ||
| Q1 24 | — | $140.9M |
总债务CSGPNMRK
| Q4 25 | $140.0M | $671.7M | ||
| Q3 25 | $1.0B | $746.5M | ||
| Q2 25 | $1.0B | $871.2M | ||
| Q1 25 | $1.0B | $770.9M | ||
| Q4 24 | $1.0B | $670.7M | ||
| Q3 24 | $1.0B | $770.4M | ||
| Q2 24 | $1.0B | $745.2M | ||
| Q1 24 | $1.0B | $670.2M |
股东权益CSGPNMRK
| Q4 25 | $8.3B | $1.5B | ||
| Q3 25 | $8.6B | $1.4B | ||
| Q2 25 | $8.6B | $1.3B | ||
| Q1 25 | $8.6B | $1.3B | ||
| Q4 24 | $7.6B | $1.2B | ||
| Q3 24 | $7.5B | $1.2B | ||
| Q2 24 | $7.4B | $1.2B | ||
| Q1 24 | $7.3B | $1.2B |
总资产CSGPNMRK
| Q4 25 | $10.5B | $5.0B | ||
| Q3 25 | $10.8B | $5.5B | ||
| Q2 25 | $10.5B | $5.4B | ||
| Q1 25 | $10.4B | $4.8B | ||
| Q4 24 | $9.3B | $4.7B | ||
| Q3 24 | $9.1B | $5.0B | ||
| Q2 24 | $9.1B | $4.8B | ||
| Q1 24 | $9.0B | $4.4B |
负债/权益比CSGPNMRK
| Q4 25 | 0.02× | 0.46× | ||
| Q3 25 | 0.12× | 0.55× | ||
| Q2 25 | 0.12× | 0.68× | ||
| Q1 25 | 0.12× | 0.58× | ||
| Q4 24 | 0.13× | 0.56× | ||
| Q3 24 | 0.13× | 0.66× | ||
| Q2 24 | 0.14× | 0.62× | ||
| Q1 24 | 0.14× | 0.54× |
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 | $618.5M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $608.8M |
| 自由现金流率自由现金流/营收 | 11.3% | 70.8% |
| 资本支出强度资本支出/营收 | 6.8% | 1.1% |
| 现金转化率经营现金流/净利润 | 3.49× | 9.10× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $142.6M |
8季度趋势，按日历期对齐
经营现金流CSGPNMRK
| Q4 25 | $162.1M | $618.5M | ||
| Q3 25 | $68.2M | $112.6M | ||
| Q2 25 | $146.5M | $-379.7M | ||
| Q1 25 | $53.2M | $-179.4M | ||
| Q4 24 | $94.6M | $402.6M | ||
| Q3 24 | $100.3M | $-85.2M | ||
| Q2 24 | $58.1M | $-258.5M | ||
| Q1 24 | $139.6M | $-68.8M |
自由现金流CSGPNMRK
| Q4 25 | $101.3M | $608.8M | ||
| Q3 25 | $-5.5M | $104.9M | ||
| Q2 25 | $27.7M | $-386.2M | ||
| Q1 25 | $-500.0K | $-184.8M | ||
| Q4 24 | $25.2M | $396.6M | ||
| Q3 24 | $40.2M | $-94.4M | ||
| Q2 24 | $-14.7M | $-267.8M | ||
| Q1 24 | $-237.1M | $-75.8M |
自由现金流率CSGPNMRK
| Q4 25 | 11.3% | 70.8% | ||
| Q3 25 | -0.7% | 14.7% | ||
| Q2 25 | 3.5% | -60.4% | ||
| Q1 25 | -0.1% | -33.2% | ||
| Q4 24 | 3.6% | 54.5% | ||
| Q3 24 | 5.8% | -16.6% | ||
| Q2 24 | -2.2% | -50.8% | ||
| Q1 24 | -36.1% | -16.8% |
资本支出强度CSGPNMRK
| Q4 25 | 6.8% | 1.1% | ||
| Q3 25 | 8.8% | 1.1% | ||
| Q2 25 | 15.2% | 1.0% | ||
| Q1 25 | 7.3% | 1.0% | ||
| Q4 24 | 9.8% | 0.8% | ||
| Q3 24 | 8.7% | 1.6% | ||
| Q2 24 | 10.7% | 1.8% | ||
| Q1 24 | 57.4% | 1.6% |
现金转化率CSGPNMRK
| Q4 25 | 3.49× | 9.10× | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | 23.63× | -18.24× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | 8.86× | ||
| Q3 24 | 1.89× | -4.79× | ||
| Q2 24 | 3.03× | -18.10× | ||
| 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% |
NMRK
| Management Services | $263.1M | 31% |
| Investment Advice | $200.1M | 23% |
| Mortgage Brokerage And Debt Placement | $83.1M | 10% |
| Servicing Fees And Other | $80.7M | 9% |
| GB | $69.0M | 8% |
| Other Geographical Areas | $63.6M | 7% |
| Servicing | $36.2M | 4% |
| Other | $34.2M | 4% |
| Loan Originations Related Fees And Sales Premiums Net | $29.6M | 3% |
