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CoStar Group（CSGP）与PENN Entertainment, Inc.（PENN）财务数据对比。点击上方公司名可切换其他公司
PENN Entertainment, Inc.的季度营收约是CoStar Group的2.0倍（$1.8B vs $899.9M），CoStar Group净利率更高（5.2% vs -0.2%，领先5.3%），CoStar Group同比增速更快（26.9% vs 6.4%），过去两年CoStar Group的营收复合增速更高（17.1% vs 3.4%）
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。
Penn Entertainment, Inc.（前称宾州国家博彩）是美国知名娱乐企业，业务涵盖综合娱乐运营、体育内容供给及赌场博彩服务，旗下运营好莱坞赌场、Ameristar、Boomtown等品牌，在全美20个州拥有43处经营场所，同时持有加拿大数字媒体企业Score Media and Gaming的所有权。
CSGP vs PENN — 直观对比
营收规模更大
PENN
是对方的2.0倍
$899.9M
营收增速更快
CSGP
高出20.5%
6.4%
净利率更高
CSGP
高出5.3%
-0.2%
两年增速更快
CSGP
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.8B |
| 净利润 | $46.5M | $-2.8M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | 5.5% |
| 净利率 | 5.2% | -0.2% |
| 营收同比 | 26.9% | 6.4% |
| 净利润同比 | -22.2% | 66.7% |
| 每股收益（稀释后） | $0.12 | $-0.02 |
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CSGPPENN
| Q1 26 | — | $1.8B | ||
| Q4 25 | $899.9M | $1.8B | ||
| Q3 25 | $833.6M | $1.7B | ||
| Q2 25 | $781.3M | $1.8B | ||
| Q1 25 | $732.2M | $1.7B | ||
| Q4 24 | $709.4M | $1.7B | ||
| Q3 24 | $692.6M | $1.6B | ||
| Q2 24 | $677.8M | $1.7B |
净利润CSGPPENN
| Q1 26 | — | $-2.8M | ||
| Q4 25 | $46.5M | $-72.9M | ||
| Q3 25 | $-30.9M | $-864.6M | ||
| Q2 25 | $6.2M | $-17.4M | ||
| Q1 25 | $-14.8M | $111.8M | ||
| Q4 24 | $59.8M | $-133.3M | ||
| Q3 24 | $53.0M | $-36.7M | ||
| Q2 24 | $19.2M | $-26.8M |
毛利率CSGPPENN
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CSGPPENN
| Q1 26 | — | 5.5% | ||
| Q4 25 | 5.5% | -1.0% | ||
| Q3 25 | -6.1% | -45.2% | ||
| Q2 25 | -3.5% | 4.4% | ||
| Q1 25 | -5.8% | 2.6% | ||
| Q4 24 | 5.6% | -2.9% | ||
| Q3 24 | 3.4% | 4.1% | ||
| Q2 24 | -2.4% | 4.5% |
净利率CSGPPENN
| Q1 26 | — | -0.2% | ||
| Q4 25 | 5.2% | -4.0% | ||
| Q3 25 | -3.7% | -50.3% | ||
| Q2 25 | 0.8% | -1.0% | ||
| Q1 25 | -2.0% | 6.7% | ||
| Q4 24 | 8.4% | -8.0% | ||
| Q3 24 | 7.7% | -2.2% | ||
| Q2 24 | 2.8% | -1.6% |
每股收益（稀释后）CSGPPENN
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $0.12 | $-0.36 | ||
| Q3 25 | $-0.07 | $-6.03 | ||
| Q2 25 | $0.01 | $-0.12 | ||
| Q1 25 | $-0.04 | $0.68 | ||
| Q4 24 | $0.14 | $-0.87 | ||
| Q3 24 | $0.13 | $-0.24 | ||
| Q2 24 | $0.05 | $-0.18 |
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 | $708.0M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | — |
| 总资产 | $10.5B | — |
| 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CSGPPENN
| Q1 26 | — | $708.0M | ||
| Q4 25 | $1.6B | $686.6M | ||
| Q3 25 | $1.9B | $660.1M | ||
| Q2 25 | $3.6B | $671.6M | ||
| Q1 25 | $3.7B | $591.6M | ||
| Q4 24 | $4.7B | $706.6M | ||
| Q3 24 | — | $834.0M | ||
| Q2 24 | — | $877.6M |
总债务CSGPPENN
| Q1 26 | — | — | ||
| Q4 25 | $140.0M | $2.9B | ||
| Q3 25 | $1.0B | $2.9B | ||
| Q2 25 | $1.0B | $2.8B | ||
| Q1 25 | $1.0B | $2.6B | ||
| Q4 24 | $1.0B | $2.8B | ||
| Q3 24 | $1.0B | $2.8B | ||
| Q2 24 | $1.0B | $2.8B |
股东权益CSGPPENN
| Q1 26 | — | — | ||
| Q4 25 | $8.3B | $1.8B | ||
| Q3 25 | $8.6B | $2.0B | ||
| Q2 25 | $8.6B | $3.0B | ||
| Q1 25 | $8.6B | $3.0B | ||
| Q4 24 | $7.6B | $2.9B | ||
| Q3 24 | $7.5B | $3.1B | ||
| Q2 24 | $7.4B | $3.1B |
总资产CSGPPENN
| Q1 26 | — | — | ||
| Q4 25 | $10.5B | $14.3B | ||
| Q3 25 | $10.8B | $14.3B | ||
| Q2 25 | $10.5B | $15.2B | ||
| Q1 25 | $10.4B | $15.1B | ||
| Q4 24 | $9.3B | $15.3B | ||
| Q3 24 | $9.1B | $15.5B | ||
| Q2 24 | $9.1B | $15.5B |
负债/权益比CSGPPENN
| Q1 26 | — | — | ||
| Q4 25 | 0.02× | 1.58× | ||
| Q3 25 | 0.12× | 1.46× | ||
| Q2 25 | 0.12× | 0.94× | ||
| Q1 25 | 0.12× | 0.89× | ||
| Q4 24 | 0.13× | 0.98× | ||
| Q3 24 | 0.13× | 0.91× | ||
| Q2 24 | 0.14× | 0.91× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $101.3M | — |
| 自由现金流率自由现金流/营收 | 11.3% | — |
| 资本支出强度资本支出/营收 | 6.8% | 5.3% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CSGPPENN
| Q1 26 | — | — | ||
| Q4 25 | $162.1M | $107.2M | ||
| Q3 25 | $68.2M | $180.9M | ||
| Q2 25 | $146.5M | $178.2M | ||
| Q1 25 | $53.2M | $41.9M | ||
| Q4 24 | $94.6M | $102.9M | ||
| Q3 24 | $100.3M | $174.7M | ||
| Q2 24 | $58.1M | $150.4M |
自由现金流CSGPPENN
| Q1 26 | — | — | ||
| Q4 25 | $101.3M | $-83.2M | ||
| Q3 25 | $-5.5M | $8.2M | ||
| Q2 25 | $27.7M | $18.8M | ||
| Q1 25 | $-500.0K | $-83.3M | ||
| Q4 24 | $25.2M | $-118.1M | ||
| Q3 24 | $40.2M | $42.6M | ||
| Q2 24 | $-14.7M | $62.2M |
自由现金流率CSGPPENN
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | -4.6% | ||
| Q3 25 | -0.7% | 0.5% | ||
| Q2 25 | 3.5% | 1.1% | ||
| Q1 25 | -0.1% | -5.0% | ||
| Q4 24 | 3.6% | -7.1% | ||
| Q3 24 | 5.8% | 2.6% | ||
| Q2 24 | -2.2% | 3.7% |
资本支出强度CSGPPENN
| Q1 26 | — | 5.3% | ||
| Q4 25 | 6.8% | 10.5% | ||
| Q3 25 | 8.8% | 10.1% | ||
| Q2 25 | 15.2% | 9.0% | ||
| Q1 25 | 7.3% | 7.5% | ||
| Q4 24 | 9.8% | 13.2% | ||
| Q3 24 | 8.7% | 8.1% | ||
| Q2 24 | 10.7% | 5.3% |
现金转化率CSGPPENN
| Q1 26 | — | — | ||
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | — | ||
| Q1 25 | — | 0.37× | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 3.03× | — |
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% |
PENN
| Northeast segment (1) | $687.1M | 39% |
| Interactive (5) | $290.1M | 16% |
| South segment (2) | $288.3M | 16% |
| Midwest segment (4) | $282.9M | 16% |
| West segment (3) | $129.7M | 7% |
| Other | $101.0M | 6% |
