vs
CoStar Group（CSGP）与BLUE OWL CAPITAL INC.（OWL）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BLUE OWL CAPITAL INC.的1.2倍（$899.9M vs $755.6M），BLUE OWL CAPITAL INC.净利率更高（6.3% vs 5.2%，领先1.1%），CoStar Group同比增速更快（26.9% vs 19.7%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $101.3M），过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% 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。
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
CSGP vs OWL — 直观对比
营收规模更大
CSGP
是对方的1.2倍
$755.6M
营收增速更快
CSGP
高出7.2%
19.7%
净利率更高
OWL
高出1.1%
5.2%
自由现金流更多
OWL
多$257.8M
$101.3M
两年增速更快
OWL
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $755.6M |
| 净利润 | $46.5M | $47.7M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | 22.2% |
| 净利率 | 5.2% | 6.3% |
| 营收同比 | 26.9% | 19.7% |
| 净利润同比 | -22.2% | 129.8% |
| 每股收益（稀释后） | $0.12 | $0.07 |
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CSGPOWL
| Q4 25 | $899.9M | $755.6M | ||
| Q3 25 | $833.6M | $728.0M | ||
| Q2 25 | $781.3M | $703.1M | ||
| Q1 25 | $732.2M | $683.5M | ||
| Q4 24 | $709.4M | $631.4M | ||
| Q3 24 | $692.6M | $600.9M | ||
| Q2 24 | $677.8M | $549.8M | ||
| Q1 24 | $656.4M | $513.3M |
净利润CSGPOWL
| Q4 25 | $46.5M | $47.7M | ||
| Q3 25 | $-30.9M | $6.3M | ||
| Q2 25 | $6.2M | $17.4M | ||
| Q1 25 | $-14.8M | $7.4M | ||
| Q4 24 | $59.8M | $20.7M | ||
| Q3 24 | $53.0M | $29.8M | ||
| Q2 24 | $19.2M | $33.9M | ||
| Q1 24 | $6.7M | $25.1M |
毛利率CSGPOWL
| 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CSGPOWL
| Q4 25 | 5.5% | 22.2% | ||
| Q3 25 | -6.1% | 7.6% | ||
| Q2 25 | -3.5% | 12.0% | ||
| Q1 25 | -5.8% | 5.9% | ||
| Q4 24 | 5.6% | 11.7% | ||
| Q3 24 | 3.4% | 18.7% | ||
| Q2 24 | -2.4% | 28.4% | ||
| Q1 24 | -6.5% | 24.7% |
净利率CSGPOWL
| Q4 25 | 5.2% | 6.3% | ||
| Q3 25 | -3.7% | 0.9% | ||
| Q2 25 | 0.8% | 2.5% | ||
| Q1 25 | -2.0% | 1.1% | ||
| Q4 24 | 8.4% | 3.3% | ||
| Q3 24 | 7.7% | 5.0% | ||
| Q2 24 | 2.8% | 6.2% | ||
| Q1 24 | 1.0% | 4.9% |
每股收益（稀释后）CSGPOWL
| Q4 25 | $0.12 | $0.07 | ||
| Q3 25 | $-0.07 | $0.01 | ||
| Q2 25 | $0.01 | $0.02 | ||
| Q1 25 | $-0.04 | $0.00 | ||
| Q4 24 | $0.14 | $0.06 | ||
| Q3 24 | $0.13 | $0.04 | ||
| Q2 24 | $0.05 | $0.06 | ||
| Q1 24 | $0.02 | $0.04 |
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 | $194.5M |
| 总债务越低越好 | $140.0M | $3.3B |
| 股东权益账面价值 | $8.3B | $2.2B |
| 总资产 | $10.5B | $12.5B |
| 负债/权益比越低杠杆越低 | 0.02× | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资CSGPOWL
| Q4 25 | $1.6B | $194.5M | ||
| Q3 25 | $1.9B | $137.3M | ||
| Q2 25 | $3.6B | $117.6M | ||
| Q1 25 | $3.7B | $97.6M | ||
| Q4 24 | $4.7B | $152.1M | ||
| Q3 24 | — | $115.9M | ||
| Q2 24 | — | $436.8M | ||
| Q1 24 | — | $155.8M |
总债务CSGPOWL
| Q4 25 | $140.0M | $3.3B | ||
| Q3 25 | $1.0B | $3.2B | ||
| Q2 25 | $1.0B | $3.2B | ||
| Q1 25 | $1.0B | $3.2B | ||
| Q4 24 | $1.0B | $2.6B | ||
| Q3 24 | $1.0B | $2.5B | ||
| Q2 24 | $1.0B | $2.5B | ||
| Q1 24 | $1.0B | $2.1B |
股东权益CSGPOWL
| Q4 25 | $8.3B | $2.2B | ||
| Q3 25 | $8.6B | $2.3B | ||
| Q2 25 | $8.6B | $2.4B | ||
| Q1 25 | $8.6B | $2.3B | ||
| Q4 24 | $7.6B | $2.1B | ||
| Q3 24 | $7.5B | $2.0B | ||
| Q2 24 | $7.4B | $1.7B | ||
| Q1 24 | $7.3B | $1.6B |
总资产CSGPOWL
| Q4 25 | $10.5B | $12.5B | ||
| Q3 25 | $10.8B | $12.5B | ||
| Q2 25 | $10.5B | $12.3B | ||
| Q1 25 | $10.4B | $12.3B | ||
| Q4 24 | $9.3B | $11.0B | ||
| Q3 24 | $9.1B | $10.8B | ||
| Q2 24 | $9.1B | $9.7B | ||
| Q1 24 | $9.0B | $9.0B |
负债/权益比CSGPOWL
| Q4 25 | 0.02× | 1.51× | ||
| Q3 25 | 0.12× | 1.41× | ||
| Q2 25 | 0.12× | 1.38× | ||
| Q1 25 | 0.12× | 1.37× | ||
| Q4 24 | 0.13× | 1.22× | ||
| Q3 24 | 0.13× | 1.27× | ||
| Q2 24 | 0.14× | 1.41× | ||
| Q1 24 | 0.14× | 1.26× |
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 | $382.9M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $359.1M |
| 自由现金流率自由现金流/营收 | 11.3% | 47.5% |
| 资本支出强度资本支出/营收 | 6.8% | 3.1% |
| 现金转化率经营现金流/净利润 | 3.49× | 8.03× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流CSGPOWL
| Q4 25 | $162.1M | $382.9M | ||
| Q3 25 | $68.2M | $433.1M | ||
| Q2 25 | $146.5M | $422.5M | ||
| Q1 25 | $53.2M | $17.6M | ||
| Q4 24 | $94.6M | $324.0M | ||
| Q3 24 | $100.3M | $326.0M | ||
| Q2 24 | $58.1M | $302.3M | ||
| Q1 24 | $139.6M | $47.2M |
自由现金流CSGPOWL
| Q4 25 | $101.3M | $359.1M | ||
| Q3 25 | $-5.5M | $422.5M | ||
| Q2 25 | $27.7M | $412.5M | ||
| Q1 25 | $-500.0K | $4.2M | ||
| Q4 24 | $25.2M | $310.1M | ||
| Q3 24 | $40.2M | $314.8M | ||
| Q2 24 | $-14.7M | $269.4M | ||
| Q1 24 | $-237.1M | $41.1M |
自由现金流率CSGPOWL
| Q4 25 | 11.3% | 47.5% | ||
| Q3 25 | -0.7% | 58.0% | ||
| Q2 25 | 3.5% | 58.7% | ||
| Q1 25 | -0.1% | 0.6% | ||
| Q4 24 | 3.6% | 49.1% | ||
| Q3 24 | 5.8% | 52.4% | ||
| Q2 24 | -2.2% | 49.0% | ||
| Q1 24 | -36.1% | 8.0% |
资本支出强度CSGPOWL
| Q4 25 | 6.8% | 3.1% | ||
| Q3 25 | 8.8% | 1.5% | ||
| Q2 25 | 15.2% | 1.4% | ||
| Q1 25 | 7.3% | 2.0% | ||
| Q4 24 | 9.8% | 2.2% | ||
| Q3 24 | 8.7% | 1.9% | ||
| Q2 24 | 10.7% | 6.0% | ||
| Q1 24 | 57.4% | 1.2% |
现金转化率CSGPOWL
| Q4 25 | 3.49× | 8.03× | ||
| Q3 25 | — | 68.64× | ||
| Q2 25 | 23.63× | 24.25× | ||
| Q1 25 | — | 2.37× | ||
| Q4 24 | 1.58× | 15.62× | ||
| Q3 24 | 1.89× | 10.94× | ||
| Q2 24 | 3.03× | 8.91× | ||
| Q1 24 | 20.84× | 1.88× |
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% |
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
