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CoStar Group（CSGP）与INSPERITY, INC.（NSP）财务数据对比。点击上方公司名可切换其他公司
INSPERITY, INC.的季度营收约是CoStar Group的1.9倍（$1.7B vs $899.9M），CoStar Group同比增速更快（26.9% vs 3.4%），INSPERITY, INC.自由现金流更多（$246.0M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs -3.8%）
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。
Insperity（前身为Administaff）是总部位于美国得克萨斯州休斯顿金伍德区的专业雇主组织（PEO），专注为中小微企业提供人力资源及行政事务外包等相关服务。自2004年起，该企业长期担任冠军巡回赛职业高尔夫赛事的冠名赞助商。
CSGP vs NSP — 直观对比
营收规模更大
NSP
是对方的1.9倍
$899.9M
营收增速更快
CSGP
高出23.4%
3.4%
自由现金流更多
NSP
多$144.7M
$101.3M
两年增速更快
CSGP
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.7B |
| 净利润 | $46.5M | — |
| 毛利率 | 78.6% | 10.3% |
| 营业利润率 | 5.5% | -2.8% |
| 净利率 | 5.2% | — |
| 营收同比 | 26.9% | 3.4% |
| 净利润同比 | -22.2% | — |
| 每股收益（稀释后） | $0.12 | $-0.87 |
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CSGPNSP
| Q4 25 | $899.9M | $1.7B | ||
| Q3 25 | $833.6M | $1.6B | ||
| Q2 25 | $781.3M | $1.7B | ||
| Q1 25 | $732.2M | $1.9B | ||
| Q4 24 | $709.4M | $1.6B | ||
| Q3 24 | $692.6M | $1.6B | ||
| Q2 24 | $677.8M | $1.6B | ||
| Q1 24 | $656.4M | $1.8B |
净利润CSGPNSP
| Q4 25 | $46.5M | — | ||
| Q3 25 | $-30.9M | $-20.0M | ||
| Q2 25 | $6.2M | $-5.0M | ||
| Q1 25 | $-14.8M | $51.0M | ||
| Q4 24 | $59.8M | — | ||
| Q3 24 | $53.0M | $3.0M | ||
| Q2 24 | $19.2M | $18.0M | ||
| Q1 24 | $6.7M | $79.0M |
毛利率CSGPNSP
| Q4 25 | 78.6% | 10.3% | ||
| Q3 25 | 79.3% | 12.0% | ||
| Q2 25 | 78.5% | 13.4% | ||
| Q1 25 | 79.1% | 16.6% | ||
| Q4 24 | 80.1% | 13.5% | ||
| Q3 24 | 79.7% | 14.7% | ||
| Q2 24 | 80.0% | 16.2% | ||
| Q1 24 | 78.5% | 19.1% |
营业利润率CSGPNSP
| Q4 25 | 5.5% | -2.8% | ||
| Q3 25 | -6.1% | -1.5% | ||
| Q2 25 | -3.5% | -0.4% | ||
| Q1 25 | -5.8% | 3.7% | ||
| Q4 24 | 5.6% | -0.9% | ||
| Q3 24 | 3.4% | 0.1% | ||
| Q2 24 | -2.4% | 1.4% | ||
| Q1 24 | -6.5% | 6.0% |
净利率CSGPNSP
| Q4 25 | 5.2% | — | ||
| Q3 25 | -3.7% | -1.2% | ||
| Q2 25 | 0.8% | -0.3% | ||
| Q1 25 | -2.0% | 2.7% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 7.7% | 0.2% | ||
| Q2 24 | 2.8% | 1.1% | ||
| Q1 24 | 1.0% | 4.4% |
每股收益（稀释后）CSGPNSP
| Q4 25 | $0.12 | $-0.87 | ||
| Q3 25 | $-0.07 | $-0.53 | ||
| Q2 25 | $0.01 | $-0.14 | ||
| Q1 25 | $-0.04 | $1.35 | ||
| Q4 24 | $0.14 | $-0.21 | ||
| Q3 24 | $0.13 | $0.07 | ||
| Q2 24 | $0.05 | $0.48 | ||
| Q1 24 | $0.02 | $2.08 |
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 | $682.0M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $46.0M |
| 总资产 | $10.5B | $2.2B |
| 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CSGPNSP
| Q4 25 | $1.6B | $682.0M | ||
| Q3 25 | $1.9B | $521.0M | ||
| Q2 25 | $3.6B | $511.0M | ||
| Q1 25 | $3.7B | $684.0M | ||
| Q4 24 | $4.7B | $1.2B | ||
| Q3 24 | — | $596.0M | ||
| Q2 24 | — | $850.0M | ||
| Q1 24 | — | $801.0M |
总债务CSGPNSP
| 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CSGPNSP
| Q4 25 | $8.3B | $46.0M | ||
| Q3 25 | $8.6B | $87.0M | ||
| Q2 25 | $8.6B | $112.0M | ||
| Q1 25 | $8.6B | $119.0M | ||
| Q4 24 | $7.6B | $97.0M | ||
| Q3 24 | $7.5B | $125.0M | ||
| Q2 24 | $7.4B | $142.0M | ||
| Q1 24 | $7.3B | $140.0M |
总资产CSGPNSP
| Q4 25 | $10.5B | $2.2B | ||
| Q3 25 | $10.8B | $2.0B | ||
| Q2 25 | $10.5B | $2.0B | ||
| Q1 25 | $10.4B | $2.1B | ||
| Q4 24 | $9.3B | $2.6B | ||
| Q3 24 | $9.1B | $1.9B | ||
| Q2 24 | $9.1B | $2.1B | ||
| Q1 24 | $9.0B | $2.1B |
负债/权益比CSGPNSP
| 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 | $255.0M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $246.0M |
| 自由现金流率自由现金流/营收 | 11.3% | 14.7% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $123.0M | $-309.0M |
8季度趋势，按日历期对齐
经营现金流CSGPNSP
| Q4 25 | $162.1M | $255.0M | ||
| Q3 25 | $68.2M | $-11.0M | ||
| Q2 25 | $146.5M | $-79.0M | ||
| Q1 25 | $53.2M | $-443.0M | ||
| Q4 24 | $94.6M | $619.0M | ||
| Q3 24 | $100.3M | $-150.0M | ||
| Q2 24 | $58.1M | $20.0M | ||
| Q1 24 | $139.6M | $31.0M |
自由现金流CSGPNSP
| Q4 25 | $101.3M | $246.0M | ||
| Q3 25 | $-5.5M | $-20.0M | ||
| Q2 25 | $27.7M | $-86.0M | ||
| Q1 25 | $-500.0K | $-449.0M | ||
| Q4 24 | $25.2M | $606.0M | ||
| Q3 24 | $40.2M | $-164.0M | ||
| Q2 24 | $-14.7M | $14.0M | ||
| Q1 24 | $-237.1M | $26.0M |
自由现金流率CSGPNSP
| Q4 25 | 11.3% | 14.7% | ||
| Q3 25 | -0.7% | -1.2% | ||
| Q2 25 | 3.5% | -5.2% | ||
| Q1 25 | -0.1% | -24.1% | ||
| Q4 24 | 3.6% | 37.6% | ||
| Q3 24 | 5.8% | -10.5% | ||
| Q2 24 | -2.2% | 0.9% | ||
| Q1 24 | -36.1% | 1.4% |
资本支出强度CSGPNSP
| Q4 25 | 6.8% | 0.5% | ||
| Q3 25 | 8.8% | 0.6% | ||
| Q2 25 | 15.2% | 0.4% | ||
| Q1 25 | 7.3% | 0.3% | ||
| Q4 24 | 9.8% | 0.8% | ||
| Q3 24 | 8.7% | 0.9% | ||
| Q2 24 | 10.7% | 0.4% | ||
| Q1 24 | 57.4% | 0.3% |
现金转化率CSGPNSP
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | — | ||
| Q1 25 | — | -8.69× | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | -50.00× | ||
| Q2 24 | 3.03× | 1.11× | ||
| Q1 24 | 20.84× | 0.39× |
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% |
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
