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CoStar Group（CSGP）与OPEN TEXT CORP（OTEX）财务数据对比。点击上方公司名可切换其他公司
OPEN TEXT CORP的季度营收约是CoStar Group的1.5倍（$1.3B vs $899.9M），OPEN TEXT CORP净利率更高（12.7% vs 5.2%，领先7.5%），CoStar Group同比增速更快（26.9% vs -0.6%），OPEN TEXT CORP自由现金流更多（$279.4M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% vs -4.3%）
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。
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
CSGP vs OTEX — 直观对比
营收规模更大
OTEX
是对方的1.5倍
$899.9M
营收增速更快
CSGP
高出27.4%
-0.6%
净利率更高
OTEX
高出7.5%
5.2%
自由现金流更多
OTEX
多$178.1M
$101.3M
两年增速更快
CSGP
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.3B |
| 净利润 | $46.5M | $168.1M |
| 毛利率 | 78.6% | 74.0% |
| 营业利润率 | 5.5% | 22.0% |
| 净利率 | 5.2% | 12.7% |
| 营收同比 | 26.9% | -0.6% |
| 净利润同比 | -22.2% | -26.9% |
| 每股收益（稀释后） | $0.12 | $0.66 |
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CSGPOTEX
| Q4 25 | $899.9M | $1.3B | ||
| Q3 25 | $833.6M | $1.3B | ||
| Q2 25 | $781.3M | $1.3B | ||
| Q1 25 | $732.2M | $1.3B | ||
| Q4 24 | $709.4M | $1.3B | ||
| Q3 24 | $692.6M | $1.3B | ||
| Q2 24 | $677.8M | $1.4B | ||
| Q1 24 | $656.4M | $1.4B |
净利润CSGPOTEX
| Q4 25 | $46.5M | $168.1M | ||
| Q3 25 | $-30.9M | $146.6M | ||
| Q2 25 | $6.2M | $28.8M | ||
| Q1 25 | $-14.8M | $92.8M | ||
| Q4 24 | $59.8M | $229.9M | ||
| Q3 24 | $53.0M | $84.4M | ||
| Q2 24 | $19.2M | $248.2M | ||
| Q1 24 | $6.7M | $98.3M |
毛利率CSGPOTEX
| Q4 25 | 78.6% | 74.0% | ||
| Q3 25 | 79.3% | 72.8% | ||
| Q2 25 | 78.5% | 72.3% | ||
| Q1 25 | 79.1% | 71.6% | ||
| Q4 24 | 80.1% | 73.3% | ||
| Q3 24 | 79.7% | 71.7% | ||
| Q2 24 | 80.0% | 72.5% | ||
| Q1 24 | 78.5% | 73.0% |
营业利润率CSGPOTEX
| Q4 25 | 5.5% | 22.0% | ||
| Q3 25 | -6.1% | 21.0% | ||
| Q2 25 | -3.5% | 13.9% | ||
| Q1 25 | -5.8% | 16.7% | ||
| Q4 24 | 5.6% | 22.2% | ||
| Q3 24 | 3.4% | 16.3% | ||
| Q2 24 | -2.4% | 14.2% | ||
| Q1 24 | -6.5% | 15.7% |
净利率CSGPOTEX
| Q4 25 | 5.2% | 12.7% | ||
| Q3 25 | -3.7% | 11.4% | ||
| Q2 25 | 0.8% | 2.2% | ||
| Q1 25 | -2.0% | 7.4% | ||
| Q4 24 | 8.4% | 17.2% | ||
| Q3 24 | 7.7% | 6.6% | ||
| Q2 24 | 2.8% | 18.2% | ||
| Q1 24 | 1.0% | 6.8% |
每股收益（稀释后）CSGPOTEX
| Q4 25 | $0.12 | $0.66 | ||
| Q3 25 | $-0.07 | $0.58 | ||
| Q2 25 | $0.01 | $0.11 | ||
| Q1 25 | $-0.04 | $0.35 | ||
| Q4 24 | $0.14 | $0.87 | ||
| Q3 24 | $0.13 | $0.32 | ||
| Q2 24 | $0.05 | $0.91 | ||
| Q1 24 | $0.02 | $0.36 |
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 | $1.3B |
| 总债务越低越好 | $140.0M | $6.4B |
| 股东权益账面价值 | $8.3B | $4.0B |
| 总资产 | $10.5B | $13.6B |
| 负债/权益比越低杠杆越低 | 0.02× | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资CSGPOTEX
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $3.6B | $1.2B | ||
| Q1 25 | $3.7B | $1.3B | ||
| Q4 24 | $4.7B | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.1B |
总债务CSGPOTEX
| Q4 25 | $140.0M | $6.4B | ||
| Q3 25 | $1.0B | $6.4B | ||
| Q2 25 | $1.0B | $6.4B | ||
| Q1 25 | $1.0B | $6.4B | ||
| Q4 24 | $1.0B | $6.4B | ||
| Q3 24 | $1.0B | $6.4B | ||
| Q2 24 | $1.0B | $6.4B | ||
| Q1 24 | $1.0B | $8.4B |
股东权益CSGPOTEX
| Q4 25 | $8.3B | $4.0B | ||
| Q3 25 | $8.6B | $4.0B | ||
| Q2 25 | $8.6B | $3.9B | ||
| Q1 25 | $8.6B | $4.1B | ||
| Q4 24 | $7.6B | $4.2B | ||
| Q3 24 | $7.5B | $4.1B | ||
| Q2 24 | $7.4B | $4.2B | ||
| Q1 24 | $7.3B | $4.1B |
总资产CSGPOTEX
| Q4 25 | $10.5B | $13.6B | ||
| Q3 25 | $10.8B | $13.5B | ||
| Q2 25 | $10.5B | $13.8B | ||
| Q1 25 | $10.4B | $13.8B | ||
| Q4 24 | $9.3B | $13.7B | ||
| Q3 24 | $9.1B | $13.8B | ||
| Q2 24 | $9.1B | $14.2B | ||
| Q1 24 | $9.0B | $16.4B |
负债/权益比CSGPOTEX
| Q4 25 | 0.02× | 1.58× | ||
| Q3 25 | 0.12× | 1.61× | ||
| Q2 25 | 0.12× | 1.62× | ||
| Q1 25 | 0.12× | 1.55× | ||
| Q4 24 | 0.13× | 1.51× | ||
| Q3 24 | 0.13× | 1.55× | ||
| Q2 24 | 0.14× | 1.52× | ||
| Q1 24 | 0.14× | 2.02× |
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 | $318.7M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $279.4M |
| 自由现金流率自由现金流/营收 | 11.3% | 21.1% |
| 资本支出强度资本支出/营收 | 6.8% | 3.0% |
| 现金转化率经营现金流/净利润 | 3.49× | 1.90× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $878.5M |
8季度趋势，按日历期对齐
经营现金流CSGPOTEX
| Q4 25 | $162.1M | $318.7M | ||
| Q3 25 | $68.2M | $147.8M | ||
| Q2 25 | $146.5M | $158.2M | ||
| Q1 25 | $53.2M | $402.2M | ||
| Q4 24 | $94.6M | $348.0M | ||
| Q3 24 | $100.3M | $-77.8M | ||
| Q2 24 | $58.1M | $185.2M | ||
| Q1 24 | $139.6M | $384.7M |
自由现金流CSGPOTEX
| Q4 25 | $101.3M | $279.4M | ||
| Q3 25 | $-5.5M | $101.2M | ||
| Q2 25 | $27.7M | $124.0M | ||
| Q1 25 | $-500.0K | $373.8M | ||
| Q4 24 | $25.2M | $306.7M | ||
| Q3 24 | $40.2M | $-117.1M | ||
| Q2 24 | $-14.7M | $145.2M | ||
| Q1 24 | $-237.1M | $348.2M |
自由现金流率CSGPOTEX
| Q4 25 | 11.3% | 21.1% | ||
| Q3 25 | -0.7% | 7.9% | ||
| Q2 25 | 3.5% | 9.5% | ||
| Q1 25 | -0.1% | 29.8% | ||
| Q4 24 | 3.6% | 23.0% | ||
| Q3 24 | 5.8% | -9.2% | ||
| Q2 24 | -2.2% | 10.7% | ||
| Q1 24 | -36.1% | 24.1% |
资本支出强度CSGPOTEX
| Q4 25 | 6.8% | 3.0% | ||
| Q3 25 | 8.8% | 3.6% | ||
| Q2 25 | 15.2% | 2.6% | ||
| Q1 25 | 7.3% | 2.3% | ||
| Q4 24 | 9.8% | 3.1% | ||
| Q3 24 | 8.7% | 3.1% | ||
| Q2 24 | 10.7% | 2.9% | ||
| Q1 24 | 57.4% | 2.5% |
现金转化率CSGPOTEX
| Q4 25 | 3.49× | 1.90× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | 23.63× | 5.49× | ||
| Q1 25 | — | 4.33× | ||
| Q4 24 | 1.58× | 1.51× | ||
| Q3 24 | 1.89× | -0.92× | ||
| Q2 24 | 3.03× | 0.75× | ||
| Q1 24 | 20.84× | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
