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CoStar Group（CSGP）与必能宝（PBI）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是必能宝的1.9倍（$899.9M vs $477.6M），必能宝净利率更高（5.7% vs 5.2%，领先0.6%），CoStar Group同比增速更快（26.9% vs -7.5%），必能宝自由现金流更多（$201.4M 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。
必能宝（Pitney Bowes）是全球知名科技与物流服务商，提供电商配送、邮寄处理、订单履约及客户信息管理解决方案，服务零售、金融、医疗、政府等领域的各类大中小企业客户，助力企业优化物流配送与客户运营效率。
CSGP vs PBI — 直观对比
营收规模更大
CSGP
是对方的1.9倍
$477.6M
营收增速更快
CSGP
高出34.3%
-7.5%
净利率更高
PBI
高出0.6%
5.2%
自由现金流更多
PBI
多$100.1M
$101.3M
两年增速更快
CSGP
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $477.6M |
| 净利润 | $46.5M | $27.3M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | 8.0% |
| 净利率 | 5.2% | 5.7% |
| 营收同比 | 26.9% | -7.5% |
| 净利润同比 | -22.2% | 173.1% |
| 每股收益（稀释后） | $0.12 | $0.18 |
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CSGPPBI
| Q4 25 | $899.9M | $477.6M | ||
| Q3 25 | $833.6M | $459.7M | ||
| Q2 25 | $781.3M | $461.9M | ||
| Q1 25 | $732.2M | $493.4M | ||
| Q4 24 | $709.4M | $516.1M | ||
| Q3 24 | $692.6M | $499.5M | ||
| Q2 24 | $677.8M | $489.7M | ||
| Q1 24 | $656.4M | $521.3M |
净利润CSGPPBI
| Q4 25 | $46.5M | $27.3M | ||
| Q3 25 | $-30.9M | $52.0M | ||
| Q2 25 | $6.2M | $30.0M | ||
| Q1 25 | $-14.8M | $35.4M | ||
| Q4 24 | $59.8M | $-37.4M | ||
| Q3 24 | $53.0M | $-138.5M | ||
| Q2 24 | $19.2M | $-24.9M | ||
| Q1 24 | $6.7M | $-2.9M |
毛利率CSGPPBI
| Q4 25 | 78.6% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 78.5% | — | ||
| Q1 25 | 79.1% | — | ||
| Q4 24 | 80.1% | 53.8% | ||
| Q3 24 | 79.7% | 52.4% | ||
| Q2 24 | 80.0% | 51.1% | ||
| Q1 24 | 78.5% | 52.3% |
营业利润率CSGPPBI
| Q4 25 | 5.5% | 8.0% | ||
| Q3 25 | -6.1% | 14.8% | ||
| Q2 25 | -3.5% | 8.5% | ||
| Q1 25 | -5.8% | 9.5% | ||
| Q4 24 | 5.6% | -9.3% | ||
| Q3 24 | 3.4% | -8.8% | ||
| Q2 24 | -2.4% | -1.6% | ||
| Q1 24 | -6.5% | 9.1% |
净利率CSGPPBI
| Q4 25 | 5.2% | 5.7% | ||
| Q3 25 | -3.7% | 11.3% | ||
| Q2 25 | 0.8% | 6.5% | ||
| Q1 25 | -2.0% | 7.2% | ||
| Q4 24 | 8.4% | -7.2% | ||
| Q3 24 | 7.7% | -27.7% | ||
| Q2 24 | 2.8% | -5.1% | ||
| Q1 24 | 1.0% | -0.6% |
每股收益（稀释后）CSGPPBI
| Q4 25 | $0.12 | $0.18 | ||
| Q3 25 | $-0.07 | $0.30 | ||
| Q2 25 | $0.01 | $0.17 | ||
| Q1 25 | $-0.04 | $0.19 | ||
| Q4 24 | $0.14 | $-0.21 | ||
| Q3 24 | $0.13 | $-0.75 | ||
| Q2 24 | $0.05 | $-0.14 | ||
| Q1 24 | $0.02 | $-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 | $297.1M |
| 总债务越低越好 | $140.0M | $2.0B |
| 股东权益账面价值 | $8.3B | $-802.4M |
| 总资产 | $10.5B | $3.2B |
| 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CSGPPBI
| Q4 25 | $1.6B | $297.1M | ||
| Q3 25 | $1.9B | $336.0M | ||
| Q2 25 | $3.6B | $300.8M | ||
| Q1 25 | $3.7B | $340.0M | ||
| Q4 24 | $4.7B | $486.1M | ||
| Q3 24 | — | $575.5M | ||
| Q2 24 | — | $612.0M | ||
| Q1 24 | — | $538.0M |
总债务CSGPPBI
| Q4 25 | $140.0M | $2.0B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $1.0B | $1.9B | ||
| Q4 24 | $1.0B | $1.9B | ||
| Q3 24 | $1.0B | $2.1B | ||
| Q2 24 | $1.0B | $2.1B | ||
| Q1 24 | $1.0B | $2.1B |
股东权益CSGPPBI
| Q4 25 | $8.3B | $-802.4M | ||
| Q3 25 | $8.6B | $-661.5M | ||
| Q2 25 | $8.6B | $-536.8M | ||
| Q1 25 | $8.6B | $-535.9M | ||
| Q4 24 | $7.6B | $-578.4M | ||
| Q3 24 | $7.5B | $-518.9M | ||
| Q2 24 | $7.4B | $-427.9M | ||
| Q1 24 | $7.3B | $-392.4M |
总资产CSGPPBI
| Q4 25 | $10.5B | $3.2B | ||
| Q3 25 | $10.8B | $3.3B | ||
| Q2 25 | $10.5B | $3.2B | ||
| Q1 25 | $10.4B | $3.3B | ||
| Q4 24 | $9.3B | $3.4B | ||
| Q3 24 | $9.1B | $3.6B | ||
| Q2 24 | $9.1B | $4.1B | ||
| Q1 24 | $9.0B | $4.1B |
负债/权益比CSGPPBI
| 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 | $221.7M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $201.4M |
| 自由现金流率自由现金流/营收 | 11.3% | 42.2% |
| 资本支出强度资本支出/营收 | 6.8% | 4.2% |
| 现金转化率经营现金流/净利润 | 3.49× | 8.11× |
| 过去12个月自由现金流最近4个季度 | $123.0M | $317.0M |
8季度趋势，按日历期对齐
经营现金流CSGPPBI
| Q4 25 | $162.1M | $221.7M | ||
| Q3 25 | $68.2M | $66.8M | ||
| Q2 25 | $146.5M | $111.4M | ||
| Q1 25 | $53.2M | $-16.7M | ||
| Q4 24 | $94.6M | $134.5M | ||
| Q3 24 | $100.3M | $14.7M | ||
| Q2 24 | $58.1M | $92.6M | ||
| Q1 24 | $139.6M | $-12.6M |
自由现金流CSGPPBI
| Q4 25 | $101.3M | $201.4M | ||
| Q3 25 | $-5.5M | $51.1M | ||
| Q2 25 | $27.7M | $98.0M | ||
| Q1 25 | $-500.0K | $-33.6M | ||
| Q4 24 | $25.2M | $112.3M | ||
| Q3 24 | $40.2M | $-4.7M | ||
| Q2 24 | $-14.7M | $76.1M | ||
| Q1 24 | $-237.1M | $-26.9M |
自由现金流率CSGPPBI
| Q4 25 | 11.3% | 42.2% | ||
| Q3 25 | -0.7% | 11.1% | ||
| Q2 25 | 3.5% | 21.2% | ||
| Q1 25 | -0.1% | -6.8% | ||
| Q4 24 | 3.6% | 21.8% | ||
| Q3 24 | 5.8% | -0.9% | ||
| Q2 24 | -2.2% | 15.5% | ||
| Q1 24 | -36.1% | -5.2% |
资本支出强度CSGPPBI
| Q4 25 | 6.8% | 4.2% | ||
| Q3 25 | 8.8% | 3.4% | ||
| Q2 25 | 15.2% | 2.9% | ||
| Q1 25 | 7.3% | 3.4% | ||
| Q4 24 | 9.8% | 4.3% | ||
| Q3 24 | 8.7% | 3.9% | ||
| Q2 24 | 10.7% | 3.4% | ||
| Q1 24 | 57.4% | 2.7% |
现金转化率CSGPPBI
| Q4 25 | 3.49× | 8.11× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | 23.63× | 3.72× | ||
| Q1 25 | — | -0.47× | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 3.03× | — | ||
| 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% |
PBI
| Sales And Services | $218.4M | 46% |
| Presort Services | $159.7M | 33% |
| Financing And Other | $79.0M | 17% |
| Other | $20.5M | 4% |
