vs
CoStar Group（CSGP）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是CoStar Group的1.8倍（$1.7B vs $899.9M），CoStar Group净利率更高（5.2% vs -2.8%，领先8.0%），CoStar Group同比增速更快（26.9% vs 8.0%），CoStar Group自由现金流更多（$101.3M vs $-342.5M），过去两年CoStar Group的营收复合增速更高（17.1% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
CSGP vs PII — 直观对比
营收规模更大
PII
是对方的1.8倍
$899.9M
营收增速更快
CSGP
高出18.9%
8.0%
净利率更高
CSGP
高出8.0%
-2.8%
自由现金流更多
CSGP
多$443.8M
$-342.5M
两年增速更快
CSGP
近两年复合增速
-8.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.7B |
| 净利润 | $46.5M | $-47.2M |
| 毛利率 | 78.6% | 20.2% |
| 营业利润率 | 5.5% | 76.5% |
| 净利率 | 5.2% | -2.8% |
| 营收同比 | 26.9% | 8.0% |
| 净利润同比 | -22.2% | 29.0% |
| 每股收益（稀释后） | $0.12 | $-0.83 |
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CSGPPII
| Q1 26 | — | $1.7B | ||
| Q4 25 | $899.9M | $1.9B | ||
| Q3 25 | $833.6M | $1.8B | ||
| Q2 25 | $781.3M | $1.9B | ||
| Q1 25 | $732.2M | $1.5B | ||
| Q4 24 | $709.4M | $1.8B | ||
| Q3 24 | $692.6M | $1.7B | ||
| Q2 24 | $677.8M | $2.0B |
净利润CSGPPII
| Q1 26 | — | $-47.2M | ||
| Q4 25 | $46.5M | $-303.6M | ||
| Q3 25 | $-30.9M | $-15.8M | ||
| Q2 25 | $6.2M | $-79.3M | ||
| Q1 25 | $-14.8M | $-66.8M | ||
| Q4 24 | $59.8M | $10.6M | ||
| Q3 24 | $53.0M | $27.7M | ||
| Q2 24 | $19.2M | $68.7M |
毛利率CSGPPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | 78.6% | 20.0% | ||
| Q3 25 | 79.3% | 20.7% | ||
| Q2 25 | 78.5% | 19.4% | ||
| Q1 25 | 79.1% | 16.0% | ||
| Q4 24 | 80.1% | 20.4% | ||
| Q3 24 | 79.7% | 20.6% | ||
| Q2 24 | 80.0% | 21.6% |
营业利润率CSGPPII
| Q1 26 | — | 76.5% | ||
| Q4 25 | 5.5% | -16.7% | ||
| Q3 25 | -6.1% | 1.1% | ||
| Q2 25 | -3.5% | -0.7% | ||
| Q1 25 | -5.8% | -2.4% | ||
| Q4 24 | 5.6% | 3.7% | ||
| Q3 24 | 3.4% | 3.8% | ||
| Q2 24 | -2.4% | 6.1% |
净利率CSGPPII
| Q1 26 | — | -2.8% | ||
| Q4 25 | 5.2% | -15.8% | ||
| Q3 25 | -3.7% | -0.9% | ||
| Q2 25 | 0.8% | -4.3% | ||
| Q1 25 | -2.0% | -4.3% | ||
| Q4 24 | 8.4% | 0.6% | ||
| Q3 24 | 7.7% | 1.6% | ||
| Q2 24 | 2.8% | 3.5% |
每股收益（稀释后）CSGPPII
| Q1 26 | — | $-0.83 | ||
| Q4 25 | $0.12 | $-5.34 | ||
| Q3 25 | $-0.07 | $-0.28 | ||
| Q2 25 | $0.01 | $-1.39 | ||
| Q1 25 | $-0.04 | $-1.17 | ||
| Q4 24 | $0.14 | $0.18 | ||
| Q3 24 | $0.13 | $0.49 | ||
| Q2 24 | $0.05 | $1.21 |
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 | $282.0M |
| 总债务越低越好 | $140.0M | — |
| 股东权益账面价值 | $8.3B | $750.4M |
| 总资产 | $10.5B | $5.2B |
| 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CSGPPII
| Q1 26 | — | $282.0M | ||
| Q4 25 | $1.6B | $138.0M | ||
| Q3 25 | $1.9B | $335.5M | ||
| Q2 25 | $3.6B | $324.3M | ||
| Q1 25 | $3.7B | $291.7M | ||
| Q4 24 | $4.7B | $287.8M | ||
| Q3 24 | — | $291.3M | ||
| Q2 24 | — | $322.7M |
总债务CSGPPII
| Q1 26 | — | — | ||
| Q4 25 | $140.0M | $1.5B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $1.0B | $2.1B |
股东权益CSGPPII
| Q1 26 | — | $750.4M | ||
| Q4 25 | $8.3B | $828.4M | ||
| Q3 25 | $8.6B | $1.1B | ||
| Q2 25 | $8.6B | $1.2B | ||
| Q1 25 | $8.6B | $1.2B | ||
| Q4 24 | $7.6B | $1.3B | ||
| Q3 24 | $7.5B | $1.3B | ||
| Q2 24 | $7.4B | $1.3B |
总资产CSGPPII
| Q1 26 | — | $5.2B | ||
| Q4 25 | $10.5B | $4.9B | ||
| Q3 25 | $10.8B | $5.3B | ||
| Q2 25 | $10.5B | $5.4B | ||
| Q1 25 | $10.4B | $5.5B | ||
| Q4 24 | $9.3B | $5.5B | ||
| Q3 24 | $9.1B | $5.6B | ||
| Q2 24 | $9.1B | $5.7B |
负债/权益比CSGPPII
| Q1 26 | — | — | ||
| Q4 25 | 0.02× | 1.82× | ||
| Q3 25 | 0.12× | 1.13× | ||
| Q2 25 | 0.12× | 1.17× | ||
| Q1 25 | 0.12× | 1.32× | ||
| Q4 24 | 0.13× | 1.27× | ||
| Q3 24 | 0.13× | 1.29× | ||
| Q2 24 | 0.14× | 1.56× |
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 | $-342.5M |
| 自由现金流率自由现金流/营收 | 11.3% | -20.6% |
| 资本支出强度资本支出/营收 | 6.8% | — |
| 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 | $168.0M |
8季度趋势，按日历期对齐
经营现金流CSGPPII
| Q1 26 | — | — | ||
| Q4 25 | $162.1M | $178.7M | ||
| Q3 25 | $68.2M | $158.8M | ||
| Q2 25 | $146.5M | $320.3M | ||
| Q1 25 | $53.2M | $83.2M | ||
| Q4 24 | $94.6M | $206.3M | ||
| Q3 24 | $100.3M | $21.0M | ||
| Q2 24 | $58.1M | $146.3M |
自由现金流CSGPPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | $101.3M | $114.0M | ||
| Q3 25 | $-5.5M | $116.7M | ||
| Q2 25 | $27.7M | $279.8M | ||
| Q1 25 | $-500.0K | $47.6M | ||
| Q4 24 | $25.2M | $137.3M | ||
| Q3 24 | $40.2M | $-32.4M | ||
| Q2 24 | $-14.7M | $79.1M |
自由现金流率CSGPPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | 11.3% | 5.9% | ||
| Q3 25 | -0.7% | 6.3% | ||
| Q2 25 | 3.5% | 15.1% | ||
| Q1 25 | -0.1% | 3.1% | ||
| Q4 24 | 3.6% | 7.8% | ||
| Q3 24 | 5.8% | -1.9% | ||
| Q2 24 | -2.2% | 4.0% |
资本支出强度CSGPPII
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 3.4% | ||
| Q3 25 | 8.8% | 2.3% | ||
| Q2 25 | 15.2% | 2.2% | ||
| Q1 25 | 7.3% | 2.3% | ||
| Q4 24 | 9.8% | 3.9% | ||
| Q3 24 | 8.7% | 3.1% | ||
| Q2 24 | 10.7% | 3.4% |
现金转化率CSGPPII
| Q1 26 | — | — | ||
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | 19.46× | ||
| Q3 24 | 1.89× | 0.76× | ||
| Q2 24 | 3.03× | 2.13× |
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% |
PII
暂无分部数据
