vs
CoStar Group（CSGP）与Park Hotels & Resorts Inc.（PK）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Park Hotels & Resorts Inc.的1.4倍（$899.9M vs $629.0M），CoStar Group净利率更高（5.2% vs -32.6%，领先37.8%），CoStar Group同比增速更快（26.9% vs 0.6%），CoStar Group自由现金流更多（$101.3M vs $-3.0M），过去两年CoStar Group的营收复合增速更高（17.1% vs -0.8%）
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。
Park Hotels & Resorts是一家总部位于美国弗吉尼亚州泰森斯的房地产投资信托（REIT），核心业务为酒店物业投资运营。该企业于2017年从希尔顿全球集团分拆成立，在酒店不动产领域拥有专业的投资与管理经验。
CSGP vs PK — 直观对比
营收规模更大
CSGP
是对方的1.4倍
$629.0M
营收增速更快
CSGP
高出26.2%
0.6%
净利率更高
CSGP
高出37.8%
-32.6%
自由现金流更多
CSGP
多$104.3M
$-3.0M
两年增速更快
CSGP
近两年复合增速
-0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $629.0M |
| 净利润 | $46.5M | $-205.0M |
| 毛利率 | 78.6% | — |
| 营业利润率 | 5.5% | -26.1% |
| 净利率 | 5.2% | -32.6% |
| 营收同比 | 26.9% | 0.6% |
| 净利润同比 | -22.2% | -410.6% |
| 每股收益（稀释后） | $0.12 | $-1.04 |
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CSGPPK
| Q4 25 | $899.9M | $629.0M | ||
| Q3 25 | $833.6M | $610.0M | ||
| Q2 25 | $781.3M | $672.0M | ||
| Q1 25 | $732.2M | $630.0M | ||
| Q4 24 | $709.4M | $625.0M | ||
| Q3 24 | $692.6M | $649.0M | ||
| Q2 24 | $677.8M | $686.0M | ||
| Q1 24 | $656.4M | $639.0M |
净利润CSGPPK
| Q4 25 | $46.5M | $-205.0M | ||
| Q3 25 | $-30.9M | $-16.0M | ||
| Q2 25 | $6.2M | $-5.0M | ||
| Q1 25 | $-14.8M | $-57.0M | ||
| Q4 24 | $59.8M | $66.0M | ||
| Q3 24 | $53.0M | $54.0M | ||
| Q2 24 | $19.2M | $64.0M | ||
| Q1 24 | $6.7M | $28.0M |
毛利率CSGPPK
| 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CSGPPK
| Q4 25 | 5.5% | -26.1% | ||
| Q3 25 | -6.1% | 9.7% | ||
| Q2 25 | -3.5% | 9.7% | ||
| Q1 25 | -5.8% | 1.1% | ||
| Q4 24 | 5.6% | 13.3% | ||
| Q3 24 | 3.4% | 14.6% | ||
| Q2 24 | -2.4% | 17.6% | ||
| Q1 24 | -6.5% | 14.4% |
净利率CSGPPK
| Q4 25 | 5.2% | -32.6% | ||
| Q3 25 | -3.7% | -2.6% | ||
| Q2 25 | 0.8% | -0.7% | ||
| Q1 25 | -2.0% | -9.0% | ||
| Q4 24 | 8.4% | 10.6% | ||
| Q3 24 | 7.7% | 8.3% | ||
| Q2 24 | 2.8% | 9.3% | ||
| Q1 24 | 1.0% | 4.4% |
每股收益（稀释后）CSGPPK
| Q4 25 | $0.12 | $-1.04 | ||
| Q3 25 | $-0.07 | $-0.08 | ||
| Q2 25 | $0.01 | $-0.02 | ||
| Q1 25 | $-0.04 | $-0.29 | ||
| Q4 24 | $0.14 | $0.32 | ||
| Q3 24 | $0.13 | $0.26 | ||
| Q2 24 | $0.05 | $0.30 | ||
| Q1 24 | $0.02 | $0.13 |
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 | $232.0M |
| 总债务越低越好 | $140.0M | $3.9B |
| 股东权益账面价值 | $8.3B | $3.1B |
| 总资产 | $10.5B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.02× | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资CSGPPK
| Q4 25 | $1.6B | $232.0M | ||
| Q3 25 | $1.9B | $278.0M | ||
| Q2 25 | $3.6B | $319.0M | ||
| Q1 25 | $3.7B | $233.0M | ||
| Q4 24 | $4.7B | $402.0M | ||
| Q3 24 | — | $480.0M | ||
| Q2 24 | — | $449.0M | ||
| Q1 24 | — | $378.0M |
总债务CSGPPK
| Q4 25 | $140.0M | $3.9B | ||
| Q3 25 | $1.0B | $3.9B | ||
| Q2 25 | $1.0B | $3.9B | ||
| Q1 25 | $1.0B | $3.9B | ||
| Q4 24 | $1.0B | $3.9B | ||
| Q3 24 | $1.0B | $3.9B | ||
| Q2 24 | $1.0B | $3.9B | ||
| Q1 24 | $1.0B | $3.8B |
股东权益CSGPPK
| Q4 25 | $8.3B | $3.1B | ||
| Q3 25 | $8.6B | $3.4B | ||
| Q2 25 | $8.6B | $3.4B | ||
| Q1 25 | $8.6B | $3.5B | ||
| Q4 24 | $7.6B | $3.6B | ||
| Q3 24 | $7.5B | $3.8B | ||
| Q2 24 | $7.4B | $3.8B | ||
| Q1 24 | $7.3B | $3.8B |
总资产CSGPPK
| Q4 25 | $10.5B | $7.7B | ||
| Q3 25 | $10.8B | $8.8B | ||
| Q2 25 | $10.5B | $8.9B | ||
| Q1 25 | $10.4B | $8.9B | ||
| Q4 24 | $9.3B | $9.2B | ||
| Q3 24 | $9.1B | $9.2B | ||
| Q2 24 | $9.1B | $9.2B | ||
| Q1 24 | $9.0B | $9.1B |
负债/权益比CSGPPK
| Q4 25 | 0.02× | 1.23× | ||
| Q3 25 | 0.12× | 1.14× | ||
| Q2 25 | 0.12× | 1.12× | ||
| Q1 25 | 0.12× | 1.11× | ||
| Q4 24 | 0.13× | 1.06× | ||
| Q3 24 | 0.13× | 1.03× | ||
| Q2 24 | 0.14× | 1.03× | ||
| Q1 24 | 0.14× | 1.00× |
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 | $105.0M |
| 自由现金流经营现金流 - 资本支出 | $101.3M | $-3.0M |
| 自由现金流率自由现金流/营收 | 11.3% | -0.5% |
| 资本支出强度资本支出/营收 | 6.8% | 17.2% |
| 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 | $102.0M |
8季度趋势，按日历期对齐
经营现金流CSGPPK
| Q4 25 | $162.1M | $105.0M | ||
| Q3 25 | $68.2M | $99.0M | ||
| Q2 25 | $146.5M | $108.0M | ||
| Q1 25 | $53.2M | $86.0M | ||
| Q4 24 | $94.6M | $80.0M | ||
| Q3 24 | $100.3M | $140.0M | ||
| Q2 24 | $58.1M | $117.0M | ||
| Q1 24 | $139.6M | $92.0M |
自由现金流CSGPPK
| Q4 25 | $101.3M | $-3.0M | ||
| Q3 25 | $-5.5M | $31.0M | ||
| Q2 25 | $27.7M | $65.0M | ||
| Q1 25 | $-500.0K | $9.0M | ||
| Q4 24 | $25.2M | $17.0M | ||
| Q3 24 | $40.2M | $97.0M | ||
| Q2 24 | $-14.7M | $66.0M | ||
| Q1 24 | $-237.1M | $22.0M |
自由现金流率CSGPPK
| Q4 25 | 11.3% | -0.5% | ||
| Q3 25 | -0.7% | 5.1% | ||
| Q2 25 | 3.5% | 9.7% | ||
| Q1 25 | -0.1% | 1.4% | ||
| Q4 24 | 3.6% | 2.7% | ||
| Q3 24 | 5.8% | 14.9% | ||
| Q2 24 | -2.2% | 9.6% | ||
| Q1 24 | -36.1% | 3.4% |
资本支出强度CSGPPK
| Q4 25 | 6.8% | 17.2% | ||
| Q3 25 | 8.8% | 11.1% | ||
| Q2 25 | 15.2% | 6.4% | ||
| Q1 25 | 7.3% | 12.2% | ||
| Q4 24 | 9.8% | 10.1% | ||
| Q3 24 | 8.7% | 6.6% | ||
| Q2 24 | 10.7% | 7.4% | ||
| Q1 24 | 57.4% | 11.0% |
现金转化率CSGPPK
| Q4 25 | 3.49× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 23.63× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.58× | 1.21× | ||
| Q3 24 | 1.89× | 2.59× | ||
| Q2 24 | 3.03× | 1.83× | ||
| Q1 24 | 20.84× | 3.29× |
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% |
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
